AZL Small Cap Stock Index Fund
Data updated: 2026-08-25
C000048313 — AZL Small Cap Stock Index Fund. United States Small Cap Blend / Core Equity · $473.01M AUM. Holdings, fees, performance and SEC filings.
C000048313 Fund Overview
AZL Small Cap Stock Index Fund is a US mutual fund managed by Allianz Variable Insurance Products Trust, categorised as United States Small Cap Blend / Core Equity. 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: United States Small Cap Blend / Core Equity
- Assets under management: $473.01M
- 1-year return: 36.9%
- SEC CIK: 0001091439
- SEC series ID: S000017464
- Share class ID: C000048313
C000048313 Investment Objective and Strategy
AZL Small Cap Stock Index 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 match the performance of the Standard & Poors (S&P) SmallCap 600 Index .
Principal investment strategy
The Subadviser (as defined below) normally invests in all of the stocks in the S&P SmallCap 600 Index in proportion to their weighting in the index. Under normal market conditions, the Fund 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 Subadviser attempts to have a correlation between the Funds performance and that of the index of at least 0.95 before expenses. A correlation of 1.00 would mean that the Fund and the index were perfectly correlated. The S&P SmallCap 600 Index is an unmanaged index composed of 603 domestic stocks with market capitalizations ranging between approximately $ 336 million and $ 12.5 billion as of February 27 , 2026 .
S&P adjusts each companys stock weighting in the index by the number of available float shares (those shares available to public investors) divided by the total shares outstanding of the company, which means larger companies with more available float shares have greater representation in the index than smaller ones. In seeking to match the performance of the index, the Subadviser uses a passive management approach and generally purchases all of the stocks comprising the benchmark index. However, in certain circumstances the Subadviser may find it advantageous to purchase a representative sample of the stocks comprising the index. The Subadviser also may use stock index futures as a substitute for the sale or purchase of securities. Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Index is concentrated.
C000048313 Holdings
Top 10 holdings of AZL Small Cap Stock Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Blackrock Liquidity Funds Fedfund Portfolio | 1.08% |
| Formfactor, Inc. | 0.68% |
| Molina Healthcare, Inc. | 0.66% |
| Viasat, Inc. | 0.66% |
| Argan, Inc. | 0.61% |
| Brightspring Health Services, Inc. | 0.60% |
| Element Solutions, Inc. | 0.59% |
| Maxlinear, Inc. | 0.59% |
| Krystal Biotech Inc | 0.53% |
| Esco Technologies Inc. | 0.50% |
C000048313 Portfolio Allocation
Asset-class allocation of AZL Small Cap Stock Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
| Cash & Equivalents | 1.4% |
C000048313 Performance
Total returns for C000048313 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 23.7% |
| 1 year | 36.9% |
| 3 years (annualised) | 15.4% |
| 5 years (annualised) | 6.7% |
C000048313 Risk Information
Risk metrics for C000048313, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.1%
C000048313 Costs and Fees
C000048313 costs about $61 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.61%
- Gross expense ratio: 0.61%
- Portfolio turnover: 22%
- Brokerage commissions: 1.30 bps of average net assets (SEC N-CEN)
C000048313 Cashflows
Over the 12 months to 2026-06, AZL Small Cap Stock Index Fund had net outflows of $31.68M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$18.82M |
| 2026-05 | −$6.15M |
| 2026-04 | −$6.09M |
| 2026-03 | −$8.07M |
| 2026-02 | −$7.19M |
| 2026-01 | −$11.89M |
C000048313 Debt Constituents
No individual debt constituents are reported in AZL Small Cap Stock Index Fund's latest SEC N-PORT filing.
C000048313 Prospectus and SEC Filings
Official AZL Small Cap Stock Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2024-04-29
- 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 United States Small Cap Blend / Core Equity 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.