AZL T. Rowe Price Capital Appreciation Fund

C000027546 Fund Overview

AZL T. Rowe Price Capital Appreciation Fund is a US mutual fund managed by Allianz Variable Insurance Products 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.

• Type: US mutual fund
• Manager: Allianz Variable Insurance Products Trust
• Category: Capital Appreciation / Growth Allocation
• Assets under management: $910.76M
• 1-year return: 10.7%
• SEC CIK: 0001091439
• SEC series ID: S000009963
• Share class ID: C000027546

C000027546 Investment Objective and Strategy

AZL T. Rowe Price Capital Appreciation 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 with preservation of capital as an important intermediate-term objective.

Principal investment strategy

The Fund will normally invest at least 50% of its total assets in stocks. The remaining assets are generally invested in corporate and government debt, mortgage- and asset-backed securities, and bank loans (which represent an interest in amounts owed by a borrower to a syndicate of lenders). The Fund may invest up to 25% of its total assets in foreign securities. The Funds investments in stocks generally fall into one of two categories: the larger category comprises long-term core holdings whose prices when the Subadviser (as defined below) buys them are considered by the Subadviser to be low in terms of company assets, earnings, or other factors; the smaller category comprises opportunistic investments whose prices the Subadviser expects to rise in the short term but not necessarily over the long term.

There are no limits on the market capitalization of the issuers of the stocks in which the Fund invests. Since the Subadviser attempts to prevent losses as well as achieve gains, the Subadviser typically uses a value approach in selecting investments. The Subadvisers research team seeks to identify companies that seem undervalued by various measures, such as price/book value, and may be temporarily out of favor but have good prospects for capital appreciation. The Subadviser may establish relatively large positions in companies the Subadviser finds particularly attractive. The Subadviser searches for attractive risk/reward values among all types of securities. The portion of the Fund invested in a particular type of security, such as common stocks, results largely from case-by-case investment decisions, and the size of the Funds cash reserves may reflect the portfolio managers ability to find companies that meet valuation criteria rather than his market outlook.

The Fund may purchase bonds, convertible securities, mortgage and asset-backed securities, and bank loans for their income or other features or to gain additional exposure to a company. Maturity and quality are not necessarily major considerations and there are no limits on the maturities or credit ratings of the debt instruments in which the Fund invests. The Fund may invest up to 30% of its total assets in below investment-grade debt securities (junk bonds) and other debt instruments that are rated below investment grade. If a security is split-rated (i.e., rated investment-grade by at least one rating agency and noninvestment-grade by another rating agency), the higher rating will be used for purposes of this requirement.

C000027546 Holdings

Top 10 holdings of AZL T. Rowe Price Capital Appreciation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000027546 holdings

C000027546 Portfolio Allocation

Asset-class allocation of AZL T. Rowe Price Capital Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000027546 Performance

Total returns for C000027546 (as of 2026-10-01), from SEC filings.

C000027546 Risk Information

Risk metrics for C000027546, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 8.7%

C000027546 Costs and Fees

C000027546 costs about $105 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.05%
• Gross expense ratio: 1.05%
• Portfolio turnover: 89%
• Brokerage commissions: 1.86 bps of average net assets (SEC N-CEN)

C000027546 Cashflows

Over the 12 months to 2026-06, AZL T. Rowe Price Capital Appreciation Fund had net outflows of $37.81M, from monthly SEC N-PORT filings.

C000027546 Debt Constituents

Largest debt holdings of AZL T. Rowe Price Capital Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000027546 Prospectus and SEC Filings

Official AZL T. Rowe Price Capital Appreciation 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

Related Funds

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

• Catalyst/Millburn Hedge Strategy Fund (MBXAX)
• Roundhill Magnificent Seven ETF (MAGS)
• SPDR Bridgewater All Weather ETF (ALLW)
• Capital Appreciation Value Fund (JCAVX)
• Goldman Sachs Growth Strategy Portfolio (GGSIX)

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.