AZL DFA Multi-Strategy Fund
Data updated: 2026-08-25
C000075565 — AZL DFA Multi-Strategy Fund. Hedge-Fund Replication · $607.17M AUM · 0.87% expense ratio. Holdings, fees, performance and SEC filings.
C000075565 Fund Overview
AZL DFA Multi-Strategy Fund is a US mutual fund managed by Allianz Variable Insurance Products Fund Of Funds Trust, categorised as Hedge-Fund Replication. 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 Fund Of Funds Trust
- Category: Hedge-Fund Replication
- Assets under management: $607.17M
- 1-year return: 14.6%
- SEC CIK: 0001301708
- SEC series ID: S000025339
- Share class ID: C000075565
C000075565 Investment Objective and Strategy
AZL DFA Multi-Strategy 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.
Principal investment strategy
The Fund is a fund of funds that, under normal market conditions, seeks to achieve its investment objective by investing primarily in a combination of three underlying funds: Fund Target Allocation AZL Enhanced Bond Index Fund 40% AZL DFA U.S. Core Equity Fund 43.5% AZL DFA International Core Equity Fund 16.5% The AZL Enhanced Bond Index Fund is a bond index fund, and the other two underlying funds are equity funds. Under normal market conditions, the Fund will allocate approximately 60% of its assets in the underlying equity 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 shareholders 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, which is subadvised by BlackRock Financial Management, Inc., seeks to exceed the total return of the Bloomberg U.S.
Aggregate Bond Index (the Index). Under normal market conditions, it 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, it 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. AZL DFA U.S. Core Equity Fund, which is subadvised by Dimensional Fund Advisors LP (DFA), seeks long-term capital appreciation.
The fund purchases a broad and diverse group of equity securities within a market capitalization weighted universe (e.g., the larger the company, the greater the proportion of the universe it represents) of U.S. companies (the U.S. Universe). The fund invests in companies of all sizes, with moderately increased exposure to smaller capitalization, lower relative price and/or higher profitability companies as compared to their representation in the U.S. Universe. Under normal circumstances, the fund will invest at least 80% of its net assets in equity securities of U.S. companies. AZL DFA International Core Equity Fund, which is subadvised by DFA, seeks long-term capital appreciation. The fund purchases a broad and diverse group of equity securities within a market capitalization weighted universe (e.g., the larger the company, the greater the proportion of the universe it represents) of non-U.S.
companies associated with developed markets that have been authorized for investment by the Subadvisers Investment Committee (the International Universe). The fund invests in companies of all sizes, with meaningfully increased exposure to smaller capitalization, lower relative price and/or higher profitability companies as compared to their representation in the International Universe. Under normal circumstances, the fund will invest at least 80% of its net assets in equity securities.
C000075565 Holdings
Top 3 holdings of AZL DFA Multi-Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| AZL DFA US Core Equity Fund | 44.00% |
| AZL Enhanced Bond Index Fund | 39.41% |
| Azl Dfa International Core Equity Fund Class 2 | 16.65% |
C000075565 Portfolio Allocation
Asset-class allocation of AZL DFA Multi-Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 100.1% |
C000075565 Performance
Total returns for C000075565 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 6.7% |
| 1 year | 14.6% |
| 3 years (annualised) | 12.3% |
| 5 years (annualised) | 6.7% |
C000075565 Risk Information
Risk metrics for C000075565, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.4%
C000075565 Costs and Fees
C000075565 costs about $87 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.87%
- Gross expense ratio: 0.87%
- Portfolio turnover: 9%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000075565 Cashflows
Over the 12 months to 2026-06, AZL DFA Multi-Strategy Fund had net outflows of $83.41M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$9.76M |
| 2026-05 | −$8.83M |
| 2026-04 | −$9.78M |
| 2026-03 | −$13.84M |
| 2026-02 | −$11.73M |
| 2026-01 | −$8.89M |
C000075565 Debt Constituents
No individual debt constituents are reported in AZL DFA Multi-Strategy Fund's latest SEC N-PORT filing.
C000075565 Prospectus and SEC Filings
Official AZL DFA Multi-Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus (485BPOS) — filed 2024-04-29
- 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
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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.