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        <curCd>USD</curCd>
        <valUSD>78728.00000000</valUSD>
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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>ProShares Hedge Replication ETF</name>
        <lei>ADUJ68TGZBVW30IQNE81</lei>
        <title>ProShares Hedge Replication ETF</title>
        <cusip>74347X294</cusip>
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          <isin value="US74347X2945"/>
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        <balance>11770.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>538951.83000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
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        <name>iShares U.S. Fixed Income Balanced Risk Factor ETF</name>
        <lei>549300ZON2MUDEJID147</lei>
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          <isin value="US46435U7963"/>
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        <curCd>USD</curCd>
        <valUSD>262069.43000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ProShares Long Online/Short Stores ETF</name>
        <lei>549300QP6J13R5VAMZ44</lei>
        <title>ProShares Long Online/Short Stores ETF</title>
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          <isin value="US74347B3758"/>
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        <balance>3160.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>266135.20000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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        <name>iShares TIPS Bond ETF</name>
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          <isin value="US4642871762"/>
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        <curCd>USD</curCd>
        <valUSD>273240.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iShares Commodities Select Strategy ETF</name>
        <lei>549300E6DRJWWX0UKV73</lei>
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          <isin value="US46431W8534"/>
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        <curCd>USD</curCd>
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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>
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      <invstOrSec>
        <name>Invesco DB Silver Fund</name>
        <lei>549300QQYW4FIIEL0V75</lei>
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          <isin value="US46140H2058"/>
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        <balance>340.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11283.10000000</valUSD>
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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>
        <name>iShares Core US REIT ETF</name>
        <lei>N/A</lei>
        <title>iShares Core US REIT ETF</title>
        <cusip>464288521</cusip>
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          <isin value="US4642885218"/>
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        <balance>6100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>266814.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Invesco DB Gold Fund</name>
        <lei>549300B1PZK1PO15FD11</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>ProShares RAFI Long/Short</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Invesco DB G10 Currency Harvest Fund</name>
        <lei>549300GWDPLYBJ489E10</lei>
        <title>Invesco DB G10 Currency Harvest Fund</title>
        <cusip>46139B102</cusip>
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        <balance>21250.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>496187.50000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SPDR Bloomberg Barclays Convertible Securities ETF</name>
        <lei>549300IXKU3G7R6DMX93</lei>
        <title>SPDR Bloomberg Barclays Convertible Securities ETF</title>
        <cusip>78464A359</cusip>
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        <balance>8070.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Invesco DB Precious Metals Fund</name>
        <lei>549300FO2HMBMHPREV03</lei>
        <title>Invesco DB Precious Metals Fund</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Short-Term Inflation-Protected Securities ETF</name>
        <lei>N/A</lei>
        <title>Vanguard Short-Term Inflation-Protected Securities ETF</title>
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          <isin value="US9220208055"/>
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        <balance>5410.00000000</balance>
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      <invstOrSec>
        <name>iShares MSCI Global Agriculture Producers ETF</name>
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        <cusip>464286350</cusip>
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          <isin value="US4642863504"/>
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      <invstOrSec>
        <name>CITIGROUP GLOBAL MARKETS LTD</name>
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        <identifiers>
          <other otherDesc="Custodian Internal ID" value="200930219"/>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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          <transCat>Repurchase</transCat>
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          <maturityDt>2020-10-01</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES INC.</name>
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        <identifiers>
          <other otherDesc="Custodian Internal ID" value="200930013"/>
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        <balance>698225.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>698225.00000000</valUSD>
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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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          <maturityDt>2020-10-01</maturityDt>
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              <invstCat>UST</invstCat>
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        <securityLending>
          <cashCollateralCondition cashCollateralVal="698225.00000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-10-30</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>
  <documents>XXXX</documents>
</edgarSubmission>
