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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco DWA Energy Momentum ETF</name>
        <lei>549300SCHZ0XGJ1MJM30</lei>
        <title>Invesco DWA Energy Momentum ETF</title>
        <cusip>46137V878</cusip>
        <identifiers>
          <isin value="US46137V8789"/>
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        <balance>5860.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares U.S. Oil Equipment &amp; Services ETF</name>
        <lei>5493008NT0PYY37SJR58</lei>
        <title>iShares U.S. Oil Equipment &amp; Services ETF</title>
        <cusip>464288844</cusip>
        <identifiers>
          <isin value="US4642888444"/>
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        <balance>9040.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>77834.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF</name>
        <lei>5493009ZO4OPO5B72Y32</lei>
        <title>iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF</title>
        <cusip>464288851</cusip>
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          <isin value="US4642888519"/>
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        <balance>2310.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Energy Select Sector SPDR Fund</name>
        <lei>54930064FLK0RD4TRU75</lei>
        <title>Energy Select Sector SPDR Fund</title>
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          <isin value="US81369Y5069"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco Cleantech ETF</name>
        <lei>N/A</lei>
        <title>Invesco Cleantech ETF</title>
        <cusip>46137V407</cusip>
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          <isin value="US46137V4077"/>
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        <balance>1470.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Energy ETF</name>
        <lei>N/A</lei>
        <title>Vanguard Energy ETF</title>
        <cusip>92204A306</cusip>
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          <isin value="US92204A3068"/>
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        <balance>10680.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iShares U.S. Energy ETF</name>
        <lei>549300GL0EFBIH6RSZ34</lei>
        <title>iShares U.S. Energy ETF</title>
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          <isin value="US4642877967"/>
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        <balance>24900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>498249.00000000</valUSD>
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        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF</name>
        <lei>5493001H1FSSB667C124</lei>
        <title>SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF</title>
        <cusip>78468R556</cusip>
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          <isin value="US78468R5569"/>
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        <balance>1459.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76130.62000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="59971.18000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares North American Natural Resources ETF</name>
        <lei>549300JCE6XH2SXVDE44</lei>
        <title>iShares North American Natural Resources ETF</title>
        <cusip>464287374</cusip>
        <identifiers>
          <isin value="US4642873743"/>
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        <balance>7760.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>168236.80000000</valUSD>
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        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco S&amp;P SmallCap Energy ETF</name>
        <lei>5493008GV13MOHGPN118</lei>
        <title>Invesco S&amp;P SmallCap Energy ETF</title>
        <cusip>46138E164</cusip>
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        <balance>36410.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>122337.60000000</valUSD>
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        <assetConditional assetCat="OTHER" desc="Exchange traded fund"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco Dynamic Energy Exploration &amp; Production ETF</name>
        <lei>5493003H56FBED928D62</lei>
        <title>Invesco Dynamic Energy Exploration &amp; Production ETF</title>
        <cusip>46137V761</cusip>
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        <balance>8750.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco Dynamic Oil &amp; Gas Services ETF</name>
        <lei>54930038ZOU7RXX4OX14</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>CANTOR FITZGERAL &amp; CO</name>
        <lei>5493004J7H4GCPG6OB62</lei>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200000.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>Treasury Repurchase Agreement</title>
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        <identifiers>
          <other otherDesc="Custodian Internal ID" value="200630016"/>
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        <balance>214532.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>214532.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="9J6MBOOO7BECTDTUZW19" name="DEUTSCHE BANK SECURITIES INC."/>
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        <securityLending>
          <cashCollateralCondition cashCollateralVal="214532.00000000" isCashCollateral="Y"/>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK AG, LONDON BRANCH</name>
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        <identifiers>
          <other otherDesc="Custodian Internal ID" value="200630209"/>
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        <balance>44586.00000000</balance>
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          <transCat>Repurchase</transCat>
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            <repurchaseCollateral>
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            <repurchaseCollateral>
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              <invstCat>ACMO</invstCat>
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            <repurchaseCollateral>
              <principalAmt>42690.64914000</principalAmt>
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              <invstCat>AMBS</invstCat>
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        <securityLending>
          <cashCollateralCondition cashCollateralVal="44586.00000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS LTD</name>
        <lei>XKZZ2JZF41MRHTR1V493</lei>
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        <identifiers>
          <other otherDesc="Custodian Internal ID" value="200630207"/>
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        <balance>100000.00000000</balance>
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        <valUSD>100000.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="XKZZ2JZF41MRHTR1V493" name="CITIGROUP GLOBAL MARKETS LTD"/>
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          <isTriParty>Y</isTriParty>
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          <maturityDt>2020-07-01</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>90595.50000000</principalAmt>
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        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="100000.00000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>EQ Advisors Trust</ncom:nameOfApplicant>
      <ncom:signature>Brian Walsh</ncom:signature>
      <ncom:signerName>Brian Walsh</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
