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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco DB Precious Metals Fund</name>
        <lei>549300FO2HMBMHPREV03</lei>
        <title>Invesco DB Precious Metals Fund</title>
        <cusip>46140H502</cusip>
        <identifiers>
          <isin value="US46140H5028"/>
        </identifiers>
        <balance>1990.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104985.04000000</valUSD>
        <pctVal>1.614673604286</pctVal>
        <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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ProShares Hedge Replication ETF</name>
        <lei>ADUJ68TGZBVW30IQNE81</lei>
        <title>ProShares Hedge Replication ETF</title>
        <cusip>74347X294</cusip>
        <identifiers>
          <isin value="US74347X2945"/>
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        <balance>11770.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>589618.15000000</valUSD>
        <pctVal>9.068347865690</pctVal>
        <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="145406.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WisdomTree Managed Futures Strategy Fund</name>
        <lei>549300FCBI6VKNXMGC85</lei>
        <title>WisdomTree Managed Futures Strategy Fund</title>
        <cusip>97717W125</cusip>
        <identifiers>
          <isin value="US97717W1255"/>
        </identifiers>
        <balance>16000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>593456.00000000</valUSD>
        <pctVal>9.127374133548</pctVal>
        <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="7403.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>SPDR MSCI USA StrategicFactors ETF</name>
        <lei>5493000KV6EWZ4X3E691</lei>
        <title>SPDR MSCI USA StrategicFactors ETF</title>
        <cusip>78468R812</cusip>
        <identifiers>
          <isin value="US78468R8126"/>
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        <balance>2920.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>305052.40000000</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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco DB Commodity Index Tracking Fund</name>
        <lei>549300HIW8J5DIIYYM41</lei>
        <title>Invesco DB Commodity Index Tracking Fund</title>
        <cusip>46138B103</cusip>
        <identifiers>
          <isin value="US46138B1035"/>
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        <balance>21150.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>310905.00000000</valUSD>
        <pctVal>4.781729824942</pctVal>
        <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>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vanguard Short-Term Inflation-Protected Securities ETF</name>
        <lei>N/A</lei>
        <title>Vanguard Short-Term Inflation-Protected Securities ETF</title>
        <cusip>922020805</cusip>
        <identifiers>
          <isin value="US9220208055"/>
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        <balance>5720.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>292292.00000000</valUSD>
        <pctVal>4.495461230897</pctVal>
        <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="234738.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares U.S. Fixed Income Balanced Risk Factor ETF</name>
        <lei>549300ZON2MUDEJID147</lei>
        <title>iShares U.S. Fixed Income Balanced Risk Factor ETF</title>
        <cusip>46435U796</cusip>
        <identifiers>
          <isin value="US46435U7963"/>
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        <balance>2870.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>294447.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco DB Silver Fund</name>
        <lei>549300QQYW4FIIEL0V75</lei>
        <title>Invesco DB Silver Fund</title>
        <cusip>46140H205</cusip>
        <identifiers>
          <isin value="US46140H2058"/>
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        <balance>340.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12710.59000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IQ Merger Arbitrage ETF</name>
        <lei>549300Q7XHADH3DHV187</lei>
        <title>IQ Merger Arbitrage ETF</title>
        <cusip>45409B800</cusip>
        <identifiers>
          <isin value="US45409B8000"/>
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        <balance>17660.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>588607.80000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="498150.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK SECURITIES INC.</name>
        <lei>9J6MBOOO7BECTDTUZW19</lei>
        <title>Treasury Repurchase Agreement</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Custodian Internal ID" value="201231018"/>
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        <balance>860170.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>860170.00000000</valUSD>
        <pctVal>13.22944482565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="9J6MBOOO7BECTDTUZW19" name="DEUTSCHE BANK SECURITIES INC."/>
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          <isTriParty>Y</isTriParty>
          <repurchaseRt>0.05000000</repurchaseRt>
          <maturityDt>2021-01-04</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>946868.74015500</principalAmt>
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              <collateralVal>877373.43032800</collateralVal>
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              <invstCat>UST</invstCat>
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        <securityLending>
          <cashCollateralCondition cashCollateralVal="860170.00000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares Core US REIT ETF</name>
        <lei>N/A</lei>
        <title>iShares Core US REIT ETF</title>
        <cusip>464288521</cusip>
        <identifiers>
          <isin value="US4642885218"/>
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        <balance>6100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>295301.00000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="9586.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares MSCI Global Agriculture Producers ETF</name>
        <lei>5493007BEZLYYQ7MPE91</lei>
        <title>iShares MSCI Global Agriculture Producers ETF</title>
        <cusip>464286350</cusip>
        <identifiers>
          <isin value="US4642863504"/>
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        <balance>3050.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104096.50000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ProShares RAFI Long/Short</name>
        <lei>MU5RTZU4JPSH6WGI1T21</lei>
        <title>ProShares RAFI Long/Short</title>
        <cusip>74347X310</cusip>
        <identifiers>
          <isin value="US74347X3109"/>
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        <balance>8210.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>250363.13000000</valUSD>
        <pctVal>3.850593736951</pctVal>
        <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>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares Commodities Select Strategy ETF</name>
        <lei>549300E6DRJWWX0UKV73</lei>
        <title>iShares Commodities Select Strategy ETF</title>
        <cusip>46431W853</cusip>
        <identifiers>
          <isin value="US46431W8534"/>
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        <balance>7160.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>190957.20000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco DB G10 Currency Harvest Fund</name>
        <lei>549300GWDPLYBJ489E10</lei>
        <title>Invesco DB G10 Currency Harvest Fund</title>
        <cusip>46139B102</cusip>
        <identifiers>
          <isin value="US46139B1026"/>
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        <balance>21250.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>510318.75000000</valUSD>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco DB Gold Fund</name>
        <lei>549300B1PZK1PO15FD11</lei>
        <title>Invesco DB Gold Fund</title>
        <cusip>46140H601</cusip>
        <identifiers>
          <isin value="US46140H6018"/>
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        <balance>7110.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>393555.56000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares TIPS Bond ETF</name>
        <lei>549300EHD1VQKMRQ0829</lei>
        <title>iShares TIPS Bond ETF</title>
        <cusip>464287176</cusip>
        <identifiers>
          <isin value="US4642871762"/>
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        <balance>2400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>306360.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ProShares Long Online/Short Stores ETF</name>
        <lei>549300QP6J13R5VAMZ44</lei>
        <title>ProShares Long Online/Short Stores ETF</title>
        <cusip>74347B375</cusip>
        <identifiers>
          <isin value="US74347B3758"/>
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        <balance>3330.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>307592.10000000</valUSD>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="266407.02000000"/>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-02-01</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>
