AZL Morgan Stanley Global Real Estate Fund
Data updated: 2020-08-26
C000027544 — AZL Morgan Stanley Global Real Estate Fund. Europe Real Estate · $74.53M AUM · 1.14% expense ratio. Holdings, fees, performance and SEC filings.
C000027544 Fund Overview
AZL Morgan Stanley Global Real Estate Fund is a US mutual fund managed by Allianz Variable Insurance Products Trust, categorised as Europe Real Estate. 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: Europe Real Estate
- Assets under management: $74.53M
- 1-year return: -23.6%
- SEC CIK: 0001091439
- SEC series ID: S000009962
- Share class ID: C000027544
C000027544 Investment Objective and Strategy
AZL Morgan Stanley Global Real Estate 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 to provide income and capital appreciation.
Principal investment strategy
The subadviser seeks a combination of current income and capital appreciation by investing primarily in equity securities of companies in the real estate industry located throughout the world, including real estate operating companies (REOCs), real estate investment trusts (REITs) and similar entities established outside the United States (foreign real estate companies). The Fund will invest primarily in companies located in the developed countries of North America, Europe and Asia, but may also invest in emerging markets. The subadviser's approach emphasizes a bottom-up stock selection with a top-down global allocation. The subadviser actively manages the Fund using a combination of top-down and bottom-up methodologies. The Subadviser's proprietary models drive the bottom-up value-driven approach for stock selection.
The top-down portion seeks diversified exposure to all major asset classes with an overweighting to property markets that offer the best relative valuation. The bottom-up research process strongly influences the subadviser's perspective on which property markets it believes provide better relative value and growth prospects and, consequently, affects its decision to overweight or underweight a given region, sector and/or country. The subadviser generally considers selling a portfolio holding if the holding's share price shifts to the point where the position no longer represents an attractive relative value opportunity versus the underlying value of its assets and/or growth prospects or versus other securities in the investment universe. Under normal circumstances, at least 80% of the Fund's assets, plus any borrowings for investment purposes, will be invested in equity securities of companies in the real estate industry, including REOCs, REITs, and foreign real estate companies.
A company is considered to be in the real estate industry if it (i) derives at least 50% of its revenues or profits from the ownership, construction, management, financing or sale of residential, commercial or industrial real estate or (ii) has at least 50% of the fair market value of its assets invested in residential, commercial or industrial real estate. The equity securities in which the Fund may invest include common stocks, preferred stock, convertible securities, depositary receipts, rights and warrants and limited partnership interests.
C000027544 Performance
Total returns for C000027544 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -23.6% |
C000027544 Risk Information
Risk metrics for C000027544, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 29.4%
C000027544 Costs and Fees
C000027544 costs about $114 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.14%
- Gross expense ratio: 1.29%
- Portfolio turnover: 24%
- Brokerage commissions: 4.44 bps of average net assets (SEC N-CEN)
C000027544 Cashflows
Over the 12 months to 2020-06, AZL Morgan Stanley Global Real Estate Fund had net inflows of $27.96M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-06 | $1.89M |
| 2020-05 | $1.76M |
| 2020-04 | $2.88M |
| 2020-03 | $7.83M |
| 2020-02 | $1.53M |
| 2020-01 | $1.36M |
C000027544 Debt Constituents
No individual debt constituents are reported in AZL Morgan Stanley Global Real Estate Fund's latest SEC N-PORT filing.
C000027544 Prospectus and SEC Filings
Official AZL Morgan Stanley Global Real Estate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-05-11
- Prospectus (485BPOS) — filed 2019-05-07
- Prospectus (485BPOS) — filed 2018-05-15
- Portfolio holdings (N-PORT) — filed 2020-08-26
- Portfolio holdings (N-PORT) — filed 2020-05-27
- Portfolio holdings (N-PORT) — filed 2020-02-27
- Annual census (N-CEN) — filed 2020-03-13
- Annual census (N-CEN) — filed 2019-03-18
Related Funds
Other Europe Real Estate 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.