AZL Russell 1000 Growth Index Fund

C000087885 Fund Overview

AZL Russell 1000 Growth Index Fund is a US mutual fund managed by Allianz Variable Insurance Products Trust, categorised as United States Large Cap Growth 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 Large Cap Growth Equity
• Assets under management: $597.09M
• 1-year return: 16.9%
• SEC CIK: 0001091439
• SEC series ID: S000028740
• Share class ID: C000087885

C000087885 Investment Objective and Strategy

AZL Russell 1000 Growth 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 total return of the Russell 1000 Growth Index.

Principal investment strategy

The Fund normally invests in all stocks in the Russell 1000 Growth Index (the Index) in proportion to their weighting in the Index. The Subadviser (as described below) 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 Index is an unmanaged index composed of companies in the Russell 1000 Index which exhibit higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Index is itself composed of approximately 1,000 of the largest securities in the Russell 3000 Index, based on a combination of their market cap and current index membership. The Index is constructed to provide a comprehensive and unbiased barometer for the U.S.

large-cap growth segment. The Index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect growth characteristics. The Index uses a capping methodology at each quarterly rebalance that limits the weight of any single company to a maximum of 22.5% of the Indexs weight, and the sum of all companies with a weight above 4.5% to an aggregate 45% of the Indexs weight. In seeking to match the performance of the Index, the Subadviser uses a passive management approach and purchases all or a representative sample of the stocks comprising the Index. Under normal circumstances, the Fund invests at least 80% of the value of its net assets in a statistically selected sampling of securities of companies included in the Index or in derivative instruments linked to the Index, primarily stock index futures contracts.

The Subadviser also may use stock index futures as a substitute for the sale or purchase of securities. Because the Fund has expenses, performance will tend to be slightly lower than that of the Index . Diversification Policy. The Fund intends to be diversified in approximately the same proportion as the Index is diversified. The Fund may become non-diversified, as defined in the Investment Company Act of 1940, as amended (the 1940 Act), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. Shareholder approval will not be sought if the Fund becomes non-diversified due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Index. 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.

C000087885 Holdings

Top 10 holdings of AZL Russell 1000 Growth Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000087885 holdings

C000087885 Portfolio Allocation

Asset-class allocation of AZL Russell 1000 Growth Index Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000087885 Performance

Total returns for C000087885 (as of 2026-10-01), from SEC filings.

C000087885 Risk Information

Risk metrics for C000087885, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 17.3%

C000087885 Costs and Fees

C000087885 costs about $69 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.69%
• Gross expense ratio: 0.78%
• Portfolio turnover: 15%
• Brokerage commissions: 0.20 bps of average net assets (SEC N-CEN)

C000087885 Cashflows

Over the 12 months to 2026-06, AZL Russell 1000 Growth Index Fund had net outflows of $22.50M, from monthly SEC N-PORT filings.

C000087885 Debt Constituents

No individual debt constituents are reported in AZL Russell 1000 Growth Index Fund's latest SEC N-PORT filing.

C000087885 Prospectus and SEC Filings

Official AZL Russell 1000 Growth Index 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 United States Large Cap Growth Equity funds tracked on ABC INVEST:

• Invesco QQQ Trust, Series 1 (QQQ)
• Growth Fund Of America (AGTHX)
• iShares Russell 1000 Growth ETF (IWF)
• JPMorgan Large Cap Growth Fund (SEEGX)
• Fidelity Growth Company Fund (FDGRX)

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.