AXA Equitable Life Insurance Company, et al; Notice of Application
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Applicants:
Summary of Application: The Substitution Applicants seek an order pursuant to Section 26(c) of the 1940 Act, approving the substitution of shares of certain series of the
DATES: Filing Date: The application was filed on
Hearing or Notification of Hearing: An order granting the application will be issued unless the Commission orders a hearing. Interested persons may request a hearing by writing to the Secretary of the Commission and serving the applicants with a copy of the request, personally or by mail. Hearing requests should be received by the Commission by
ADDRESSES: Secretary,
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION: The following is a summary of the application. The complete application may be obtained via the Commission's Web site by searching for the file number, or for an applicant using the Company name box, at http://www.sec.gov/search/search.htm, or by calling (202) 551-8090.
Applicants' Representations
1. AXA Equitable, on its own behalf and on behalf of its Separate Accounts, proposes to substitute shares of the Replacement Funds for shares of the Existing Funds held by the Separate Accounts to fund the Contracts.
2. AXA Equitable is the depositor and sponsor of the Separate Accounts.
3. Each of Separate Account 45 and Separate Account 49 is a "separate account" as defined by Rule 0-1(e) under the Act and each is registered under the Act as a unit investment trust for purposes of funding the Contracts. Security interests under the Contracts have been registered under the Securities Act of 1933. The application sets forth the registration statement file numbers for the Contracts and the Separate Accounts.
4.
5.
6.
7. FMG currently serves as investment manager of each of the VIP Portfolios pursuant to the Management Agreements between the
8. Both the
9. The Contracts are individual and group deferred variable annuity contracts. Under the Contracts, AXA Equitable reserves the right to substitute different underlying investment options for current underlying investment options offered as funding options under the Contracts. The prospectuses for the Contracts include disclosure of the reservation of this right. The Contracts which offer the Existing Funds are registered in the registration statements listed in footnote 2 of the application.
10. AXA Equitable, on its own behalf and on behalf of its Separate Accounts, requests an order from the Commission pursuant to Section 26(c) of the 1940 Act approving the following 26 proposed substitutions:
Sub. No...................Existing portfolio........Replacement portfolio
1.........................EQ/Oppenheimer Global.... EQ/Global Multi-Sector
..........................Portfolio................ Equity Portfolio.
2.........................
..........................Growth Portfolio..........PLUS Portfolio.
3.........................Multimanager
..........................International Equity
..........................Portfolio
4.........................EQ/Capital Guardian...... EQ/Large Cap Core PLUS
..........................Research Portfolio........Portfolio.
5.........................EQ/Davis New York Venture
..........................Portfolio
6.........................EQ/Lord
..........................Core Portfolio
7.........................EQ/UBS Growth and Income
..........................Portfolio
8.........................Multimanager Large Cap
..........................Core Equity Portfolio
9.........................EQ/Equity Growth PLUS.... EQ/Large Cap Growth PLUS
..........................Portfolio................ Portfolio.
10....................... EQ/Montag & Caldwell
..........................Growth Portfolio
11....................... EQ/T. Rowe Price Growth
..........................Stock Portfolio
12....................... EQ/Wells Fargo Omega
..........................Growth Portfolio
13....................... Multimanager Aggressive
..........................Equity Portfolio
14....................... EQ/BlackRock Basic Value..EQ/Large Cap Value PLUS
..........................Equity Portfolio..........Portfolio.
15....................... EQ/Boston Advisors Equity
..........................Income Portfolio
16....................... EQ/JPMorgan Value
..........................Opportunities Portfolio
17....................... EQ/
..........................Portfolio
18....................... Multimanager Large Cap
..........................Value Portfolio
19....................... Multimanager Mid Cap......AXA Tactical Manager 400
..........................Growth Portfolio..........Portfolio.
20....................... Multimanager Mid Cap......EQ/Mid Cap Value PLUS
..........................Value Portfolio.......... Portfolio.
21....................... Multimanager Small Cap....AXA Tactical Manager 2000
..........................Growth Portfolio..........Portfolio.
22....................... Multimanager Small Cap
..........................Value Portfolio
23....................... EQ/Global Bond PLUS...... EQ/Core Bond Index
..........................Portfolio................ Portfolio.
24....................... Multimanager Multi-Sector
..........................Bond Portfolio
25....................... Multimanager Core Bond....EQ/Quality Bond PLUS
..........................Portfolio................ Portfolio.
26....................... EQ/PIMCO Ultra Short Bond EQ/AllianceBernstein
..........................Portfolio................ Short Duration Government
....................................................Bond Portfolio.
11. A comparison of the strategies, risks and performance of each
--This is a summary of a
Notice of application for an order approving the substitution of certain securities pursuant to Section 26(c) of the Investment Company Act of 1940, as amended (the "1940 Act" or "Act") and an order of exemption pursuant to Section 17(b) of the Act from Section 17(a) of the Act.
Citation: "78 FR 8601"
Document Number: "Release No. IC-30373; File No. 812-14036"
Federal Register Page Number: "8601"
"Notices"
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