AZL DFA U.S. Small Cap Fund
Data updated: 2024-05-30
C000146454 — AZL DFA U.S. Small Cap Fund. United States Small Cap Blend / Core Equity · $221.93M AUM. Holdings, fees, performance and SEC filings.
C000146454 Fund Overview
AZL DFA U.S. Small Cap 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: $221.93M
- 1-year return: 17.7%
- SEC CIK: 0001091439
- SEC series ID: S000046866
- Share class ID: C000146454
C000146454 Investment Objective and Strategy
AZL DFA U.S. Small Cap 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.
Principal investment strategy
"The Fund, using a market capitalization weighted approach, purchases a broad and diverse group of readily marketable securities of U.S. small-cap companies. A company's market capitalization is the number of its shares outstanding times its price per share. In general, the higher the relative market capitalization of the U.S. small-cap company, the greater its representation in the Fund. The Fund may modify market capitalization weights and even exclude companies after considering such factors as free float, momentum, trading strategies, liquidity, value, and profitability, as well as other factors that the subadviser determines to be appropriate, given market conditions. Securities are considered value stocks primarily because a company's shares have a low price in relation to their book value.
In assessing value, the subadviser may consider additional factors such as price to cash flow or price to earnings ratios. In assessing profitability, the subadviser may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. The criteria the subadviser uses for assessing value or profitability are subject to change from time to time. As a non-fundamental policy, under normal circumstances, the subadviser will invest at least 80% of its net assets in securities of small-cap U.S. companies. As of the date of this Prospectus, for purposes of the Fund, the subadviser considers small-cap companies to be companies, at the time of purchase, whose market capitalizations are generally in the lowest 10% of total market capitalization or companies whose market capitalizations are smaller than the 1,000th largest U.S.
company, whichever results in the higher market capitalization break. Total market capitalization is based on the market capitalization of U.S. operating companies listed on the New York Stock Exchange (""NYSE""), NYSE American LLC, Nasdaq Global Market , Nasdaq Capital Market , or such other securities exchanges deemed appropriate by the subadviser. Under the subadviser's market capitalization guidelines described above, based on market capitalization data as of December 31, 2017, the market capitalization of a small-cap company would be approximately $5.3 billion or below. This dollar amount will change due to market conditions. The Fund may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices, to adjust market exposure based on actual or expected cash inflows to or outflows from the Fund.
The Fund does not intend to sell futures contracts to establish short positions in individual securities or use derivatives for purposes of speculation or leveraging investment returns."
C000146454 Holdings
Top 10 holdings of AZL DFA U.S. Small Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Treasury Securities Cash Management; Institutional Shares | 0.38% |
| Onto Innovation Inc. | 0.30% |
| Applied Industrial Technologies, Inc. | 0.29% |
| Abercrombie & Fitch Co. | 0.27% |
| Fabrinet | 0.27% |
| Installed Building Products, Inc. | 0.27% |
| Aaon, Inc. | 0.26% |
| The Ensign Group, Inc. | 0.26% |
| Commercial Metals Company | 0.26% |
| Taylor Morrison Home Corporation | 0.26% |
C000146454 Portfolio Allocation
Asset-class allocation of AZL DFA U.S. Small Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 0.4% |
| Other | 0.2% |
C000146454 Performance
Total returns for C000146454 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 17.7% |
| 3 years (annualised) | 4.2% |
C000146454 Risk Information
Risk metrics for C000146454, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.4%
C000146454 Costs and Fees
C000146454 costs about $98 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.98%
- Gross expense ratio: 1.16%
- Portfolio turnover: 10%
- Brokerage commissions: 1.67 bps of average net assets (SEC N-CEN)
C000146454 Cashflows
Over the 12 months to 2024-03, AZL DFA U.S. Small Cap Fund had net inflows of $36.27M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$1.46M |
| 2024-02 | −$70.47K |
| 2024-01 | −$544.48K |
| 2023-12 | $12.76M |
| 2023-11 | $0 |
| 2023-10 | $12.24M |
C000146454 Debt Constituents
No individual debt constituents are reported in AZL DFA U.S. Small Cap Fund's latest SEC N-PORT filing.
C000146454 Prospectus and SEC Filings
Official AZL DFA U.S. Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-27
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus (485BPOS) — filed 2021-04-29
- Portfolio holdings (N-PORT) — filed 2024-05-30
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Annual census (N-CEN) — filed 2024-03-15
- Annual census (N-CEN) — filed 2023-03-16
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.