AZL MVP Fusion Dynamic Balanced Fund

Data updated: 2023-03-16

C000006164 — AZL MVP Fusion Dynamic Balanced Fund. Capital Appreciation / Growth Allocation · $583.49M AUM. Holdings, fees, performance and SEC filings.

C000006164 Fund Overview

AZL MVP Fusion Dynamic Balanced Fund is a US mutual fund managed by Allianz Variable Insurance Products Fund Of Funds Trust, categorised as Capital Appreciation / Growth Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

C000006164 Investment Objective and Strategy

AZL MVP Fusion Dynamic Balanced Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Allianz Variable Insurance Products Fund Of Funds Trust.

Investment objective

The Fund seeks long-term capital appreciation with preservation of capital as an important consideration.

Principal investment strategy

The Fund is a fund of funds that seeks to achieve its investment objective by investing primarily in the shares of other mutual funds managed by the Manager or affiliates of the Manager. The Fund is designed to provide a diversified portfolio consisting of funds in equity and fixed income asset classes. Under normal market conditions, the Fund will allocate approximately 50% of its assets to underlying equity funds and approximately 50% of its assets in the underlying fixed income funds. The investment results of the underlying funds will vary. As a result, the Manager monitors the actual allocations to the underlying funds daily and periodically adjusts the actual allocations to attempt to achieve the target allocation. Generally, the Manager will seek to maintain the actual fund allocations to target using the cash flows that result from contract holders buying or selling shares in the Fund.

However, if cash flows were insufficient to maintain the target allocations, the Manager would then buy or sell underlying funds as necessary to attempt to return the Fund's actual asset allocations to the targets. Generally, the actual allocations will not be more than 10% above or below the targets. The Manager utilizes both strategic and dynamic asset allocation models to help determine appropriate asset allocations for the Fund among the underlying funds. Dynamic asset allocation incorporates a shorter-term investment view (typically, 6 to 24 months), as compared with longer-term strategic asset allocation, and seeks to take advantage of short-term market dislocations. Under normal market conditions, the Fund will allocate at least 80% of its assets to the underlying funds as described above.

Up to 20% of the Fund's assets may be invested in equity and/or fixed income futures, such as S&P 500 Index futures and U.S. Treasury futures, which generally are liquid. Except during periods of high market volatility, the Manager expects that 95% of assets will be invested in the underlying funds and 5% will be invested in futures. The futures strategy, called the MVP risk management process, seeks to reduce the volatility of the Fund. Volatility refers to the amount by which the price of an investment can change over a period of time. High volatility indicates that the price has changed significantly, up or down, over a short time period; lower volatility indicates that the price is not changing dramatically, but at a steady pace over a period of time. Generally, higher volatility is considered to be more risky.

The goal of the MVP process is to achieve Fund volatility at or below 10% on an annualized basis over a full business cycle by either increasing or decreasing the exposure to equities over time. The Fund seeks to accomplish this primarily by selling equity index futures when markets experience heightened volatility, and by buying equity index futures when markets experience normal or lower levels of volatility. Futures provide the Manager an effective method to reduce volatility of the Fund and limit the need to decrease or increase allocations to the underlying funds. As a result, the MVP process could cause the equity exposure of the Fund to fluctuate significantly but it will generally not be lower than 10%. The MVP process would generally not reduce equity exposure during periods of moderate and low market volatility but during periods of extreme market volatility the MVP process could result in Fund equity exposure that is significantly lower than 10%.

C000006164 Performance

Total returns for C000006164 (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year-14.9%
3 years (annualised)-1.2%

C000006164 Risk Information

Risk metrics for C000006164, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 11.8%

C000006164 Costs and Fees

C000006164 costs about $89 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.89%
  • Gross expense ratio: 0.94%
  • Portfolio turnover: 9%
  • Brokerage commissions: 0.05 bps of average net assets (SEC N-CEN)

C000006164 Cashflows

Over the 12 months to 2022-12, AZL MVP Fusion Dynamic Balanced Fund had net inflows of $132.25M, from monthly SEC N-PORT filings.

MonthNet flow
2022-12$6.73M
2022-11$5.85M
2022-10$46.85M
2022-09$9.38M
2022-08$7.09M
2022-07$6.54M

C000006164 Debt Constituents

No individual debt constituents are reported in AZL MVP Fusion Dynamic Balanced Fund's latest SEC N-PORT filing.

C000006164 Prospectus and SEC Filings

Official AZL MVP Fusion Dynamic Balanced Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Capital Appreciation / Growth Allocation funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.