AZL Fidelity Institutional Asset Management Total Bond Fund

C000116967 Fund Overview

AZL Fidelity Institutional Asset Management Total Bond Fund is a US mutual fund managed by Allianz Variable Insurance Products Trust, categorised as Long Total / Aggregate Bond. 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: Long Total / Aggregate Bond
• Assets under management: $120.73M
• 1-year return: 3.6%
• SEC CIK: 0001091439
• SEC series ID: S000037885
• Share class ID: C000116967

C000116967 Investment Objective and Strategy

AZL Fidelity Institutional Asset Management Total Bond 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 a high level of current income.

Principal investment strategy

Under normal market conditions, the Fund will invest at least 80% of its assets in debt securities of all types and repurchase agreements for those securities. Such investments include corporate bonds, U.S. Treasury obligations, U.S. government agency mortgage securities and real estate investment trusts. A portion of the investments may not be publicly traded. The Subadviser (as described below) uses the Bloomberg U.S. Aggregate Bond 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. The Bloomberg U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes U.S. Treasury obligations, government-related and corporate securities, mortgage-backed securities (agency fixed-rate and hybrid ARM pass-throughs), asset-backed securities and commercial mortgage-backed securities (agency and nonagency).

The Subadviser considers other factors when selecting Fund investments, including the credit quality of the issuer, security-specific features and the Subadvisers assessment of whether the investment is undervalued. In managing the Funds exposure to various risks, including interest rate risk, the Subadviser considers, among other things, the markets overall risk characteristics, the markets current pricing of those risks, and internal views of potential future market conditions. The Funds assets may be allocated among different market sectors (for example, corporate, asset-backed, or government securities) and different maturities based on the Subadvisers view of the relative value of each sector or maturity. The Funds assets may be invested in securities of foreign issuers, including those located in emerging markets, denominated in U.S.

dollars or in local currency, in addition to securities of domestic issuers. The Fund may invest significantly in derivatives instruments, such as interest rate swaps, total return swaps, credit default swaps, and futures contracts (both long and short positions) on securities and indexes, and in forward-settling securities. Such investments may give rise to a form of leverage, particularly when the Fund does not own the assets, instrument or components underlying the derivative instruments. Depending on the Subadvisers outlook and market conditions, the Fund may invest in derivatives instruments in order to gain exposure to assets, instruments, or indexes, interest rates, or credit qualities. The Fund also may invest up to 20% of its assets in lower-quality debt securities, sometimes called junk bonds.

To earn additional income for the Fund, the Subadviser may use a trading strategy that involves selling (or buying) mortgage securities and simultaneously agreeing to purchase (or sell) mortgage securities on a later date at a set price. This trading strategy may increase interest rate exposure and result in an increased portfolio turnover rate, which increases transaction costs.

C000116967 Holdings

Top 10 holdings of AZL Fidelity Institutional Asset Management Total Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000116967 holdings

C000116967 Portfolio Allocation

Asset-class allocation of AZL Fidelity Institutional Asset Management Total Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000116967 Performance

Total returns for C000116967 (as of 2026-10-01), from SEC filings.

C000116967 Risk Information

Risk metrics for C000116967, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 3.3%

C000116967 Costs and Fees

C000116967 costs about $91 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.91%
• Gross expense ratio: 0.92%
• Portfolio turnover: 37%
• Brokerage commissions: 0.08 bps of average net assets (SEC N-CEN)

C000116967 Cashflows

Over the 12 months to 2026-06, AZL Fidelity Institutional Asset Management Total Bond Fund had net outflows of $11.92M, from monthly SEC N-PORT filings.

C000116967 Debt Constituents

Largest debt holdings of AZL Fidelity Institutional Asset Management Total Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000116967 Prospectus and SEC Filings

Official AZL Fidelity Institutional Asset Management Total Bond 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 Long Total / Aggregate Bond funds tracked on ABC INVEST:

• Dodge & Cox Income Fund (DODIX)
• Bond Fund Of America (ABNDX)
• Fidelity U.S. Bond Index Fund (FUBFX)
• Baird Aggregate Bond Fund (BAGIX)
• PGIM Total Return Bond Fund (PDBAX)

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.