AZL MetWest Total Return Bond Fund
Data updated: 2023-03-16
C000148201 — AZL MetWest Total Return Bond Fund. Bond · $215.72M AUM · 0.81% expense ratio · -14.8% 1-yr return. Holdings, fees, performance and SEC filings.
C000148201 Fund Overview
AZL MetWest Total Return Bond Fund is a US mutual fund managed by Allianz Variable Insurance Products Trust, categorised as 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: Bond
- Assets under management: $215.72M
- 1-year return: -14.8%
- SEC CIK: 0001091439
- SEC series ID: S000047272
- Share class ID: C000148201
C000148201 Investment Objective and Strategy
AZL MetWest Total Return 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 to maximize long-term total return.
Principal investment strategy
The Fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets in investment-grade fixed income securities or unrated securities that are determined by the subadviser to be of similar quality. Up to 20% of the Fund's net assets may be invested in securities rated below investment grade. The Fund also invests at least 80% of its net assets plus borrowings for investment purposes in fixed income securities it regards as bonds. Under normal conditions, the portfolio duration is two to eight years and the dollar-weighted average maturity ranges from two to fifteen years. The Fund invests in the U.S. and abroad, including emerging markets and may purchase securities of varying maturities issued by domestic and foreign corporations and governments. The subadviser will focus the Fund's portfolio holdings in areas of the bond market (based on quality, sector, coupon or maturity) that the subadviser believes to be relatively undervalued.
Investments include various types of bonds and other securities, typically corporate bonds, notes, collateralized bond obligations, collateralized debt obligations, mortgage-related and asset-backed securities, bank loans, money-market securities, swaps, futures, municipal securities, options, credit default swaps, private placements and restricted securities. These investments may have interest rates that are fixed, variable or floating. The Fund may sell short up to 25% of the value of its total assets. Derivatives will be used in an effort to hedge investments, for risk management, or to increase income or gains for the Fund. The Fund may also seek to obtain market exposure to the securities in which it invests by entering into a series of purchase and sale contracts or by using other investment techniques such as reverse repurchase agreements.
C000148201 Performance
Total returns for C000148201 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -14.8% |
| 3 years (annualised) | -3.0% |
C000148201 Risk Information
Risk metrics for C000148201, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.0%
C000148201 Costs and Fees
C000148201 costs about $81 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.81%
- Gross expense ratio: 0.91%
- Portfolio turnover: 258%
- Brokerage commissions: 0.19 bps of average net assets (SEC N-CEN)
C000148201 Cashflows
Over the 12 months to 2022-12, AZL MetWest Total Return Bond Fund had net inflows of $38.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | $2.57M |
| 2022-11 | $356.20K |
| 2022-10 | $4.83M |
| 2022-09 | $4.42M |
| 2022-08 | $675.87K |
| 2022-07 | $5.84M |
C000148201 Debt Constituents
No individual debt constituents are reported in AZL MetWest Total Return Bond Fund's latest SEC N-PORT filing.
C000148201 Prospectus and SEC Filings
Official AZL MetWest Total Return Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-28
- Prospectus (485BPOS) — filed 2021-04-29
- Prospectus (485BPOS) — filed 2020-05-11
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Portfolio holdings (N-PORT) — filed 2022-11-29
- Portfolio holdings (N-PORT) — filed 2022-08-26
- Annual census (N-CEN) — filed 2023-03-16
- Annual census (N-CEN) — filed 2022-03-16
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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.