AZL Russell 1000 Value Index Fund
Data updated: 2026-08-25
C000173960 — AZL Russell 1000 Value Index Fund. United States Large Cap Value Equity · $669.03M AUM. Holdings, fees, performance and SEC filings.
C000173960 Fund Overview
AZL Russell 1000 Value Index Fund is a US mutual fund managed by Allianz Variable Insurance Products Trust, categorised as United States Large Cap Value 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 Value Equity
- Assets under management: $669.03M
- 1-year return: 26.6%
- SEC CIK: 0001091439
- SEC series ID: S000028741
- Share class ID: C000173960
C000173960 Investment Objective and Strategy
AZL Russell 1000 Value 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 Value Index.
Principal investment strategy
The Fund normally invests in all stocks in the Russell 1000 Value Index (the Index) in proportion to their weighting in the Index. The Subadviser (as defined 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 lower price-to-book ratios and lower expected 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 value segment. The Index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect value 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 . 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.
C000173960 Holdings
Top 10 holdings of AZL Russell 1000 Value Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Amazon.com, Inc. | 5.88% |
| Apple Inc. | 5.32% |
| Microsoft Corporation | 3.84% |
| Berkshire Hathaway Inc. | 2.58% |
| JPMorgan Chase & Co. | 2.43% |
| Intel Corporation | 1.70% |
| Johnson & Johnson | 1.70% |
| Exxon Mobil Corporation | 1.58% |
| Cisco Systems, Inc. | 1.29% |
| Walmart Inc. | 1.26% |
C000173960 Portfolio Allocation
Asset-class allocation of AZL Russell 1000 Value Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.8% |
| Cash & Equivalents | 1.2% |
C000173960 Performance
Total returns for C000173960 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 16.1% |
| 1 year | 26.6% |
| 3 years (annualised) | 17.3% |
| 5 years (annualised) | 10.9% |
C000173960 Risk Information
Risk metrics for C000173960, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.5%
C000173960 Costs and Fees
C000173960 costs about $44 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.44%
- Gross expense ratio: 0.53%
- Portfolio turnover: 13%
- Brokerage commissions: 0.27 bps of average net assets (SEC N-CEN)
C000173960 Cashflows
Over the 12 months to 2026-06, AZL Russell 1000 Value Index Fund had net outflows of $52.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$10.00M |
| 2026-05 | −$8.20M |
| 2026-04 | −$9.10M |
| 2026-03 | −$12.98M |
| 2026-02 | −$9.15M |
| 2026-01 | −$8.94M |
C000173960 Debt Constituents
No individual debt constituents are reported in AZL Russell 1000 Value Index Fund's latest SEC N-PORT filing.
C000173960 Prospectus and SEC Filings
Official AZL Russell 1000 Value 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 Value 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.