AZL Moderate Index Strategy Fund
Data updated: 2026-08-25
C000027542 — AZL Moderate Index Strategy Fund. Alternative · $1.22B AUM · 0.68% expense ratio. Holdings, fees, performance and SEC filings.
C000027542 Fund Overview
AZL Moderate Index Strategy Fund is a US mutual fund managed by Allianz Variable Insurance Products Trust, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Allianz Variable Insurance Products Trust
- Category: Alternative
- Assets under management: $1.22B
- 1-year return: 14.4%
- SEC CIK: 0001091439
- SEC series ID: S000009960
- Share class ID: C000027542
C000027542 Investment Objective and Strategy
AZL Moderate Index Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Allianz Variable Insurance Products Trust.
Investment objective
The Fund seeks long-term capital appreciation.
Principal investment strategy
The Fund is a fund of funds that seeks to achieve its investment objective by investing primarily in a combination of five underlying index funds: Fund Target Allocation AZL Enhanced Bond Index Fund 40% AZL S&P 500 Index Fund 37.5% AZL International Index Fund 16.5% AZL Mid Cap Index Fund 3.5% AZL Small Cap Stock Index Fund 2.5% The AZL Enhanced Bond Index Fund is a bond index fund, subadvised by BlackRock Financial Management, Inc. ; the other four underlying funds are equity index funds, subadvised by BlackRock Investment Management, LLC. Under normal market conditions, the Fund will allocate approximately 60% of its assets in the underlying equity index funds and approximately 40% of its assets in the underlying bond index fund. These target allocations represent the Funds long-term strategic asset allocation, which is not expected to change under normal market conditions.
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 Funds actual asset allocations to the targets. Generally, the actual allocations will not be more than 10% above or below the targets. The AZL Enhanced Bond Index Fund under normal circumstances invests in a combination of securities with an overall weighting close to the capitalization weights of the Bloomberg U.S.
Aggregate Bond Index (the Index). Under normal market conditions, the Fund invests at least 80% of its net assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. Further, under normal circumstances, the Fund invests at least 80% of the value of its net assets in securities or other financial instruments that are components of or have economic characteristics similar to the securities included in the Index. The subadviser of the AZL Enhanced Bond Index Fund uses the Index as a guide in structuring the Fund and selecting its investments and manages the Fund to have similar overall interest rate risk to the Index, with the investment objective of seeking to exceed the total return of the Index. The AZL S&P 500 Index Fund under normal circumstances invests at least 80% of the value of its net assets in the securities of or in a statistically selected sampling of the securities of companies included in the S&P 500 Index or in derivative instruments linked to that Index.
The AZL Mid Cap Index Fund under normal circumstances invests at least 80% of the value of its net assets in a statistically selected sampling of equity securities of companies included in the S&P 400 Index and in derivative instruments linked to the S&P 400 Index, primarily futures contracts. The AZL Small Cap Stock Index Fund under normal market conditions invests at least 80% of its assets, plus any borrowings for investment purposes, in investments of small-capitalization companies, which for this purpose are companies with market capitalizations (the total market value of a companys outstanding stock) at the time of purchase included in the S&P SmallCap 600 Index. The AZL International Index Fund under normal circumstances invests at least 80% of the value of its net assets in a statistically selected sampling of equity securities of companies included in the MSCI EAFE Index and in derivative instruments linked to the MSCI EAFE Index, primarily futures contracts.
C000027542 Holdings
Top 5 holdings of AZL Moderate Index Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| AZL Enhanced Bond Index Fund | 39.05% |
| AZL S&P 500 Index Fund;2 | 37.89% |
| AZL International Index Fund | 16.73% |
| AZL Mid Cap Index Fund | 3.72% |
| AZL Small Cap Stock Index Fund | 2.70% |
C000027542 Portfolio Allocation
Asset-class allocation of AZL Moderate Index Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 100.1% |
C000027542 Performance
Total returns for C000027542 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.7% |
| 1 year | 14.4% |
| 3 years (annualised) | 12.5% |
| 5 years (annualised) | 6.4% |
C000027542 Risk Information
Risk metrics for C000027542, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.9%
C000027542 Costs and Fees
C000027542 costs about $68 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.68%
- Gross expense ratio: 0.83%
- Portfolio turnover: 13%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000027542 Cashflows
Over the 12 months to 2026-06, AZL Moderate Index Strategy Fund had net outflows of $199.50M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$21.12M |
| 2026-05 | −$18.84M |
| 2026-04 | −$19.31M |
| 2026-03 | −$17.48M |
| 2026-02 | −$19.79M |
| 2026-01 | −$19.00M |
C000027542 Debt Constituents
No individual debt constituents are reported in AZL Moderate Index Strategy Fund's latest SEC N-PORT filing.
C000027542 Prospectus and SEC Filings
Official AZL Moderate Index Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus supplement (497) — filed 2025-05-01
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-06-01
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-13
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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.