AZL Balanced Index Strategy Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)                

 

Shares

           Value  

Affiliated Investment Companies (99.9%):

 

Domestic Equity Funds (36.5%):

 

    1,098,276

   

AZL Mid Cap Index Fund, Class 2

    $ 24,249,928  

    4,473,986

   

AZL S&P 500 Index Fund, Class 2

      82,813,482  

    1,022,916

    AZL Small Cap Stock Index Fund, Class 2      13,113,788  
     

 

 

  
          120,177,198  
     

 

 

  

Fixed Income Fund (51.5%):

 

  17,919,309

   

AZL Enhanced Bond Index Fund

      169,337,467  
     

 

 

  

International Equity Fund (11.9%):

 

    2,855,830

   

AZL International Index Fund, Class 2

      39,181,987  
     

 

 

  

Total Affiliated Investment Companies

(Cost $287,244,600)

      328,696,652  
  

 

 

  

Total Investment Securities

(Cost $287,244,600) — 99.9%

      328,696,652  

Net other assets (liabilities) — 0.1%

      301,097  
  

 

 

  

Net Assets — 100.0%

    $ 328,997,749  
  

 

 

  

Percentages indicated are based on net assets as of September 30, 2022.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL DFA Multi-Strategy Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)

 

Shares        Value  

 

  
Affiliated Investment Companies (100.0%):

 

Domestic Equity Funds (46.9%):

 

  19,756,141    AZL DFA U.S. Core Equity Fund   $ 259,200,568  
5,998,786    AZL DFA U.S. Small Cap Fund     70,005,833  
    

 

 

  
       329,206,401  
    

 

 

  
Fixed Income Fund (41.9%):

 

33,536,259    AZL DFA Five-Year Global Fixed Income Fund     294,448,352  
    

 

 

  
International Equity Fund (11.2%):

 

8,698,835    AZL DFA International Core Equity Fund     78,811,444  
    

 

 

  

Total Affiliated Investment Companies
(Cost $681,344,582)

     702,466,197  
    

 

 

  

Total Investment Securities
(Cost $681,344,582) — 100.0%

     702,466,197  

Net other assets (liabilities) — 0.0%†

     (223,820)  
    

 

 

  

Net Assets — 100.0%

   $ 702,242,377  
    

 

 

  

Percentages indicated are based on net assets as of September 30, 2022.

 

†

Represents less than 0.05%.

    

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Balanced Index Strategy Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)

 

Shares        Value  

 

  
Affiliated Investment Companies (94.2%):

 

Domestic Equity Funds (33.7%):

 

792,877    AZL Mid Cap Index Fund, Class 2   $ 17,506,721  
2,893,893    AZL S&P 500 Index Fund, Class 2     53,565,955  
726,653    AZL Small Cap Stock Index Fund, Class 2     9,315,695  
    

 

 

  
       80,388,371  
    

 

 

  
Fixed Income Fund (48.7%):

 

12,314,604    AZL Enhanced Bond Index Fund     116,373,008  
    

 

 

  
International Equity Fund (11.8%):

 

2,061,951    AZL International Index Fund, Class 2     28,289,972  
    

 

 

  

Total Affiliated Investment Companies
(Cost $216,523,292)

     225,051,351  
    

 

 

  

Total Investment Securities
(Cost $216,523,292) — 94.2%

     225,051,351  

Net other assets (liabilities) — 5.8%

     13,791,790  
    

 

 

  

Net Assets — 100.0%

   $  238,843,141  
    

 

 

  

Percentages indicated are based on net assets as of September 30, 2022.

    

 

 

Futures Contracts

At September 30, 2022, the Fund’s open futures contracts were as follows:

Short Futures    

 

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
      Amount      		  
 		     


 Value and
Unrealized
Appreciation/
    (Depreciation)    		  
 
 
 

 

  

S&P 500 Index E-Mini December Futures (U.S. Dollar)

      12/16/22        238        $(42,857,850)        $2,809,418  
           

 

 

  
              $2,809,418  
           

 

 

  

 

Long Futures

 

            

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     


 Value and
Unrealized
Appreciation/
(Depreciation)		  
 
 
 

 

  

U.S. Treasury 10-Year Note December Futures (U.S. Dollar)

      12/20/22        58        $6,499,625        $ (272,834)  
           

 

 

  
              $ (272,834)  
           

 

 

  

Total Net Futures Contracts

               $2,536,584  
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP DFA Multi-Strategy Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)

 

 

Shares         Value  

 

  
Affiliated Investment Companies (94.7%):

 

Domestic Equity Funds (43.3%):

 

    1,978,113    AZL DFA U.S. Core Equity Fund    $  25,952,844  
642,504    AZL DFA U.S. Small Cap Fund      7,498,017  
     

 

 

  
        33,450,861  
     

 

 

  
Fixed Income Fund (40.4%):

 

3,561,249    AZL DFA Five-Year Global Fixed Income Fund      31,267,762  
     

 

 

  
International Equity Fund (11.0%):

 

938,498    AZL DFA International Core Equity Fund      8,502,790  
     

 

 

  

Total Affiliated Investment Companies
(Cost $71,010,339)

      73,221,413  
     

 

 

  

Total Investment Securities
(Cost $71,010,339) — 94.7%

      73,221,413  

Net other assets (liabilities) — 5.3%

      4,132,708  
     

 

 

  

Net Assets — 100.0%

      $77,354,121  
     

 

 

  

Percentages indicated are based on net assets as of September 30, 2022.

    

 

 

Futures Contracts

At September 30, 2022, the Fund’s open futures contracts were as follows:

Short Futures

 

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     


 Value and
Unrealized
Appreciation/
(Depreciation)  		  
 
 
 

 

  

S&P 500 Index E-Mini December Futures (U.S. Dollar)

      12/16/22        34        $(6,122,550)        $252,914  
           

 

 

  
              $252,914  
           

 

 

  

 

Long Futures

 

            

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     


 Value and
Unrealized
Appreciation/
(Depreciation)  		  
 
 
 

 

  

U.S. Treasury 10-Year Note December Futures (U.S. Dollar)

      12/20/22        14        $1,568,875        $(77,674)  
           

 

 

  
              $(77,674)  
           

 

 

  

Total Net Futures Contracts

               $175,240  
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP FIAM Multi-Strategy Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)                

 

Shares

           Value  

Affiliated Investment Company (94.0%):

 

Balanced Funds (94.0%):

 

    13,289,739

   

AZL Fidelity Institutional Asset

Management Multi-Strategy Fund

    $ 171,969,225  
     

 

 

  

Total Affiliated Investment Company

(Cost $163,931,881)

      171,969,225  
  

 

 

  

Total Investment Securities

(Cost $163,931,881) — 94.0%

      171,969,225  

Net other assets (liabilities) — 6.0%

      10,985,073  
  

 

 

  

Net Assets — 100.0%

    $ 182,954,298  
  

 

 

  
 

 

Percentages indicated are based on net assets as of September 30, 2022.

 

Futures Contracts

 

At September 30, 2022, the Fund’s open futures contracts were as follows:

Short Futures    

 

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		    

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

S&P 500 Index E-Mini December Futures (U.S. Dollar)

      12/16/22        190      $ (34,214,250 )      $2,906,175  
          

 

 

  
             $2,906,175  
          

 

 

  

 

Long Futures

 

           

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		    

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

U.S. Treasury 10-Year Note December Futures (U.S. Dollar)

      12/20/22        56        $6,275,500       $(238,480)  
          

 

 

  
             $(238,480)  
          

 

 

  

Total Net Futures Contracts

              $2,667,695  
          

 

 

  

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Balanced Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)

 

Shares        Value  

 

  
Affiliated Investment Companies (94.8%):

 

Domestic Equity Funds (31.5%):

 

1,079,803    AZL DFA U.S. Core Equity Fund   $ 14,167,020  
739,807    AZL DFA U.S. Small Cap Fund     8,633,547  
883,717    AZL Gateway Fund     11,965,528  
641,169    AZL Mid Cap Index Fund, Class 2     14,157,018  
  3,738,306    AZL Russell 1000 Growth Index Fund, Class 2     60,747,480  
4,966,099    AZL Russell 1000 Value Index Fund, Class 2     62,125,897  
665,767    AZL Small Cap Stock Index Fund, Class 2     8,535,135  
    

 

 

  
       180,331,625  
    

 

 

  
Fixed Income Funds (49.0%):

 

4,694,396    AZL Enhanced Bond Index Fund     44,362,040  
6,538,384    AZL Fidelity Institutional Asset Management Total Bond Fund, Class 2     58,649,302  
6,955,238    AZL MetWest Total Return Bond Fund     58,702,210  
3,155,021    PIMCO VIT Income Portfolio     29,878,047  
3,161,343    PIMCO VIT Low Duration Portfolio     30,032,759  
6,612,791    PIMCO VIT Total Return Portfolio     58,853,840  
    

 

 

  
       280,478,198  
    

 

 

  
International Equity Funds (14.3%):

 

2,116,538    AZL DFA International Core Equity Fund     19,175,832  
3,386,482    AZL International Index Fund, Class 2     46,462,537  
2,822,820    AZL MSCI Emerging Markets Equity Index Fund, Class 2     16,174,759  
    

 

 

  
       81,813,128  
    

 

 

  

Total Affiliated Investment Companies
(Cost $563,122,345)

     542,622,951  
    

 

 

  

Total Investment Securities
(Cost $563,122,345) — 94.8%

     542,622,951  

Net other assets (liabilities) — 5.2%

     29,775,093  
    

 

 

  

Net Assets — 100.0%

   $ 572,398,044  
    

 

 

  

Percentages indicated are based on net assets as of September 30, 2022.

    

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Balanced Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)

 

Futures Contracts

At September 30, 2022, the Fund’s open futures contracts were as follows:

Short Futures

 

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
      Amount      		  
 		     


 Value and
Unrealized
Appreciation/
(Depreciation)  		  
 
 
 

 

  

S&P 500 Index E-Mini December Futures (U.S. Dollar)

      12/16/22        449        $(80,853,675)        $4,790,821  
           

 

 

  
              $4,790,821  
           

 

 

  

 

Long Futures

 

            

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     


 Value and
Unrealized
Appreciation/
(Depreciation)		  
 
 
 

 

  

U.S. Treasury 10-Year Note December Futures (U.S. Dollar)

      12/20/22        129        $14,456,063        $(613,320)  
           

 

 

  
              $(613,320)  
           

 

 

  

Total Net Futures Contracts

               $4,177,501    
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Conservative Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)

 

Shares

           Value  

Affiliated Investment Companies (94.6%):

 

Domestic Equity Funds (22.6%):

 

215,469

   

AZL DFA U.S. Core Equity Fund

    $ 2,826,947  

141,069

   

AZL DFA U.S. Small Cap Fund

      1,646,271  

189,489

   

AZL Gateway Fund

      2,565,674  

145,777

   

AZL Mid Cap Index Fund, Class 2

      3,218,749  

793,951

    AZL Russell 1000 Growth Index Fund, Class 2      12,901,702  

1,044,005

    AZL Russell 1000 Value Index Fund, Class 2      13,060,508  

157,003

    AZL Small Cap Stock Index Fund, Class 2      2,012,777  
     

 

 

  
     38,232,628  
  

 

 

  

Fixed Income Funds (63.0%):

 

1,779,072

   

AZL Enhanced Bond Index Fund

      16,812,229  

  2,482,663

    AZL Fidelity Institutional Asset Management Total Bond Fund, Class 2      22,269,491  

2,642,759

   

AZL MetWest Total Return Bond Fund

      22,304,884  

1,097,375

   

PIMCO VIT Income Portfolio

      10,392,140  

1,299,722

   

PIMCO VIT Low Duration Portfolio

      12,347,356  

2,513,033

   

PIMCO VIT Total Return Portfolio

      22,365,997  
     

 

 

  
     106,492,097  
  

 

 

  

International Equity Funds (9.0%):

 

433,739

   

AZL DFA International Core Equity Fund

      3,929,673  

639,573

   

AZL International Index Fund, Class 2

      8,774,937  

417,606

    AZL MSCI Emerging Markets Equity Index Fund, Class 2      2,392,880  
     

 

 

  
     15,097,490  
  

 

 

  

Total Affiliated Investment Companies
(Cost $173,194,609)

      159,822,215  
  

 

 

  

Total Investment Securities

(Cost $173,194,609) — 94.6%

      159,822,215  

Net other assets (liabilities) — 5.4%

      9,133,399  
  

 

 

  

Net Assets — 100.0%

    $ 168,955,614  
  

 

 

  

Percentages indicated are based on net assets as of September 30, 2022.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Conservative Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)

Futures Contracts

At September 30, 2022, the Fund’s open futures contracts were as follows:

Short Futures

 

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

S&P 500 Index E-Mini December Futures (U.S. Dollar)

      12/16/22        137        $(24,670,275)        $1,472,495  
           

 

 

  
              $1,472,495  
           

 

 

  

Long Futures

 

            

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

U.S. Treasury 10-Year Note December Futures (U.S. Dollar)

      12/20/22        51        $5,715,188        $ (241,714)  
           

 

 

  
              $ (241,714)  
           

 

 

  

Total Net Futures Contracts

               $1,230,781  
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Moderate Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)                

 

Shares

           Value  

Affiliated Investment Companies (94.8%):

 

Domestic Equity Funds (37.3%):

 

4,476,272

   

AZL DFA U.S. Core Equity Fund

    $ 58,728,684  

2,001,940

   

AZL DFA U.S. Small Cap Fund

      23,362,635  

2,529,015

   

AZL Gateway Fund

      34,242,863  

2,065,789

   

AZL Mid Cap Index Fund, Class 2

      45,612,613  

9,322,813

    AZL Russell 1000 Growth Index Fund, Class 2      151,495,706  

12,341,598

    AZL Russell 1000 Value Index Fund, Class 2      154,393,394  

1,811,403

    AZL Small Cap Stock Index Fund, Class 2      23,222,187  
     

 

 

  
     491,058,082  
  

 

 

  

Fixed Income Funds (39.3%):

 

8,998,572

   

AZL Enhanced Bond Index Fund

      85,036,502  

12,407,269

    AZL Fidelity Institutional Asset Management Total Bond Fund, Class 2      111,293,202  

13,224,955

    AZL MetWest Total Return Bond Fund      111,618,619  

5,835,224

   

PIMCO VIT Income Portfolio

      55,259,572  

4,434,499

   

PIMCO VIT Low Duration Portfolio

      42,127,737  

12,562,695

   

PIMCO VIT Total Return Portfolio

      111,807,983  
     

 

 

  
     517,143,615  
  

 

 

  

International Equity Funds (18.2%):

 

6,987,824

    AZL DFA International Core Equity Fund      63,309,681  

9,261,500

    AZL International Index Fund, Class 2      127,067,774  

8,728,162

    AZL MSCI Emerging Markets Equity Index Fund, Class 2      50,012,370  
     

 

 

  
     240,389,825  
  

 

 

  

Total Affiliated Investment Companies
(Cost $1,271,022,439)

      1,248,591,522  
  

 

 

  

Total Investment Securities

(Cost $1,271,022,439) — 94.8%

      1,248,591,522  

Net other assets (liabilities) — 5.2%

      68,230,566  
  

 

 

  

Net Assets — 100.0%

    $ 1,316,822,088  
  

 

 

  

Percentages indicated are based on net assets as of September 30, 2022.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Moderate Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)                

Futures Contracts

At September 30, 2022, the Fund’s open futures contracts were as follows:

Short Futures    

 

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

S&P 500 Index E-Mini December Futures (U.S. Dollar)

      12/16/22        861        $(155,044,575)        $7,665,172  
           

 

 

  
              $7,665,172  
           

 

 

  

Long Futures

 

            

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

U.S. Treasury 10-Year Note December Futures (U.S. Dollar)

      12/20/22        236        $26,446,750        $(1,156,701)  
           

 

 

  
              $(1,156,701)  
           

 

 

  

Total Net Futures Contracts

               $6,508,471  
           

 

 

  

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Global Balanced Index Strategy Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)

 

Shares

           Value  

Common Stocks (0.0%†):

 

Materials (0.0%†):

 

145,123

   

Project Barkley(a)

    $ 223,489  
     

 

 

  

Paper & Forest Products (0.0%†):

 

386,370

   

Quintis Pty, Ltd.(a)(b)

      3  
     

 

 

  

Total Common Stocks (Cost $653,277)

      223,492  
  

 

 

  

Private Placements (0.1%):

 

Household Durables (0.0%†):

 

23,389

   

Jawbone, 0.00%(a)(b)

      —  
     

 

 

  

Internet Software & Services (0.1%):

 

5,547

   

Lookout, Inc., 0.00%(a)(b)

      44,598  

63,925

   

Lookout, Inc. Preferred Shares,

Series F, 0.00%(a)(b)

      513,957  
     

 

 

  

Total Private Placements (Cost $485,378)

      558,555  
  

 

 

  

Principal

Amount

           Value  

Convertible Bond (0.0%†):

 

Food Products (0.0%†):

 

400,000

   

REI Agro, Ltd., Registered Shares,

5.50%, 12/8/19(a)(b)(c)

      —  
     

 

 

  

Total Convertible Bond (Cost $—)

      —  
  

 

 

  

Corporate Bonds (0.2%):

 

Paper & Forest Products (0.2%):

 

52,331

   

Quintis Pty, Ltd., 7.50%, 10/1/26,

Callable 11/14/22 @ 103.38(a)(b)

      52,331  

730,672

   

Quintis Pty, Ltd., 0.85%, 10/1/28,

Callable 11/14/22 @ 98(a)(b)

      694,212  
     

 

 

  

Total Corporate Bonds (Cost $783,003)

      746,543  
  

 

 

  

Shares

           Value  

Affiliated Investment Companies (94.2%):

 

Fixed Income Fund (48.7%):

 

  26,195,581

   

AZL Enhanced Bond Index Fund

      247,548,244  
     

 

 

  

International Equity Funds (45.5%):

 

  4,151,321

   

AZL MSCI Emerging Markets Equity

Index Fund, Class 2

      23,787,070  

  16,637,839

   

AZL MSCI Global Equity Index Fund

      207,972,991  
     

 

 

  
          231,760,061  
     

 

 

  

Total Affiliated Investment Companies

(Cost $505,326,667)

      479,308,305  
  

 

 

  

Total Investment Securities

(Cost $507,248,325) — 94.5%

      480,836,895  

Net other assets (liabilities) — 5.5%

      27,940,100  
  

 

 

  

Net Assets — 100.0%

    $ 508,776,995  
  

 

 

  

Percentages indicated are based on net assets as of September 30, 2022.

 

†

Represents less than 0.05%.

 
(a)

Security was valued using unobservable inputs in good faith pursuant to procedures approved by the Board of Trustees as of September 30, 2022. The total of all such securities represent 0.26% of the net assets of the fund.

 
(b)

Rule 144A, Section 4(2) or other security which is restricted to resale to institutional investors. The sub-adviser has deemed these securities to be illiquid based on procedures approved by the Board of Trustees. As of September 30, 2022, these securities represent 0.26% of the net assets of the fund.

 
(c)

Defaulted bond.

 

Amounts shown as “—“ are either 0 or round to less than 1.

 

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Global Balanced Index Strategy Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)

Futures Contracts

At September 30, 2022, the Fund’s open futures contracts were as follows:

Short Futures

 

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

S&P 500 Index E-Mini December Futures (U.S. Dollar)

      12/16/22        424        $(76,351,800)        $4,262,166  
           

 

 

  
              $4,262,166  
           

 

 

  

Long Futures

 

            

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

U.S. Treasury 10-Year Note December Futures (U.S. Dollar)

      12/20/22        120        $13,447,500        $(576,765)  
           

 

 

  
              $(576,765)  
           

 

 

  

Total Net Futures Contracts

               $3,685,401  
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Growth Index Strategy Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)                

 

Shares

           Value  

Affiliated Investment Companies (93.6%):

 

Domestic Equity Funds (51.6%):

 

      9,588,962

   

AZL Mid Cap Index Fund, Class 2

    $ 211,724,282  

    36,316,033

   

AZL S&P 500 Index Fund, Class 2

      672,209,770  

      8,195,535

   

AZL Small Cap Stock Index Fund,

Class 2

      105,066,762  
     

 

 

  
          989,000,814  
     

 

 

  

Fixed Income Fund (24.0%):

 

    48,770,338

   

AZL Enhanced Bond Index Fund

      460,879,692  
     

 

 

  

International Equity Fund (18.0%):

 

   25,204,875

   

AZL International Index Fund,

Class 2

      345,810,888  
     

 

 

  

Total Affiliated Investment Companies

(Cost $1,599,628,576)

      1,795,691,394  
  

 

 

  

Total Investment Securities

(Cost $1,599,628,576) — 93.6%

      1,795,691,394  

Net other assets (liabilities) — 6.4%

      123,068,858  
  

 

 

  

Net Assets — 100.0%

    $ 1,918,760,252  
  

 

 

  
 

 

Percentages indicated are based on net assets as of September 30, 2022.

Futures Contracts

At September 30, 2022, the Fund’s open futures contracts were as follows:

Short Futures    

 

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

S&P 500 Index E-Mini December Futures (U.S. Dollar)

      12/16/22        2,201        $(396,345,075)        $31,340,468  
           

 

 

  
              $31,340,468  
           

 

 

  

Long Futures

 

            

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

U.S. Treasury 10-Year Note December Futures (U.S. Dollar)

      12/20/22        261        $29,248,313          $(1,139,539)  
           

 

 

  
              $(1,139,539)  
           

 

 

  

Total Net Futures Contracts

               $30,200,929  
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Moderate Index Strategy Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)                

 

Shares

           Value  

Affiliated Investment Companies (94.5%):

 

Domestic Equity Funds (41.0%):

 

    1,549,913

   

AZL Mid Cap Index Fund, Class 2

    $ 34,222,087  

    5,737,184

   

AZL S&P 500 Index Fund, Class 2

      106,195,267  

    1,343,692

   

AZL Small Cap Stock Index Fund,

Class 2

      17,226,130  
     

 

 

  
          157,643,484  
     

 

 

  

Fixed Income Fund (39.3%):

 

    15,972,648

   

AZL Enhanced Bond Index Fund

      150,941,521  
     

 

 

  

International Equity Fund (14.2%):

 

    3,991,595

   

AZL International Index Fund,

Class 2

      54,764,681  
     

 

 

  

Total Affiliated Investment Companies

(Cost $354,633,652)

      363,349,686  
     

 

 

  

Total Investment Securities

(Cost $354,633,652) — 94.5%

      363,349,686  

Net other assets (liabilities) — 5.5%

      21,125,715  
     

 

 

  

Net Assets — 100.0%

    $ 384,475,401  
     

 

 

  

Percentages indicated are based on net assets as of September 30, 2022.

 

 

Futures Contracts

At September 30, 2022, the Fund’s open futures contracts were as follows:

Short Futures

 

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

S&P 500 Index E-Mini December Futures (U.S. Dollar)

      12/16/22        325        $(58,524,375)        $3,378,639  
           

 

 

  
              $3,378,639  
           

 

 

  
Long Futures            

Description

     
 Expiration
Date		  
 		     
 Number of
Contracts		  
 		     
 Notional
Amount		  
 		     

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

U.S. Treasury 10-Year Note December Futures (U.S. Dollar)

      12/20/22        72        $8,068,500        $(345,884)  
           

 

 

  
              $(345,884)  
           

 

 

  

Total Net Futures Contracts

               $3,032,755  
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP T. Rowe Price Capital Appreciation Plus Fund

Schedule of Portfolio Investments

September 30, 2022 (Unaudited)                

 

Shares

           Value  

Affiliated Investment Companies (93.9%):

 

Domestic Equity Funds (76.4%):

 

    16,172,252

   

AZL S&P 500 Index Fund, Class 2

    $ 299,348,379  

    31,157,908

   

AZL T. Rowe Price Capital

Appreciation Fund

      568,320,250  
     

 

 

  
          867,668,629  
     

 

 

  

Fixed Income Fund (17.5%):

 

    20,966,630

   

AZL Enhanced Bond Index Fund

      198,134,653  
     

 

 

  

Total Affiliated Investment Companies

(Cost $973,188,563)

      1,065,803,282  
  

 

 

  

Total Investment Securities

(Cost $973,188,563) — 93.9%

      1,065,803,282  

Net other assets (liabilities) — 6.1%

      69,088,734  
  

 

 

  

Net Assets — 100.0%

    $ 1,134,892,016  
  

 

 

  
 

 

Percentages indicated are based on net assets as of September 30, 2022.

Futures Contracts

At September 30, 2022, the Fund’s open futures contracts were as follows:

Short Futures

 

Description

     

 Expiration

Date

  

 

     

 Number of

Contracts

  

 

     

 Notional

Amount

  

 

    

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

S&P 500 Index E-Mini December Futures (U.S. Dollar)

      12/16/22        982      $ (176,833,650 )      $15,596,714  
          

 

 

  
             $15,596,714  
          

 

 

  

Long Futures

 

           

Description

     
 Expiration
Date		  
 		     

 Number of

Contracts

  

 

     
 Notional
Amount		  
 		    

 Value and    

Unrealized    

Appreciation/    

(Depreciation)    

  

 

 

 

 

  

U.S. Treasury 10-Year Note December Futures (U.S. Dollar)

      12/20/22        238        $26,670,875       $ (1,070,689)  
          

 

 

  
             $ (1,070,689)  
          

 

 

  

Total Net Futures Contracts

              $ 14,526,025  
          

 

 

  

 

 

See accompanying notes to the schedules of portfolio investments.

ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST

NOTES TO THE SCHEDULES OF PORTFOLIO INVESTMENTS

September 30, 2022 (Unaudited)

1. Related Party Transactions

Allianz Investment Management LLC (the “Manager”) or an affiliate of the Manager serves as the investment adviser of certain underlying funds in which each Fund invests. At September 30, 2022, the following investments in underlying funds are noted as Affiliated Investment Companies in each Fund’s Schedule of Portfolio Investments.

 

     Value
12/31/2021		   Purchases
at Cost		   Proceeds from
Sales		  

Net

Realized
Gains(Losses)

   Change in Net
Unrealized
Appreciation/
Depreciation		  

Value

9/30/2022

   Shares as of
9/30/2022

AZL Balanced Index Strategy Fund

              

AZL Enhanced Bond Index Fund

   $  219,744,177     $  2,176,341     $ (19,961,785 )    $ (3,031,475 )    $ (29,589,791 )    $  169,337,467       17,919,309  

AZL International Index Fund, Class 2

     56,332,794       198,266       (2,313,801 )      402,530       (15,437,802 )      39,181,987       2,855,830  

AZL Mid Cap Index Fund, Class 2

     34,268,489       -           (2,965,116 )      842,349       (7,895,794 )      24,249,928       1,098,276  

AZL S&P 500 Index Fund, Class 2

     116,684,094       962,273       (8,015,422 )      2,409,878       (29,227,341 )      82,813,482       4,473,986  

AZL Small Cap Stock Index Fund, Class 2

     18,213,442       -           (949,041 )      235,994       (4,386,607 )      13,113,788       1,022,916  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $ 445,242,996     $ 3,336,880     $ (34,205,165 )    $ 859,276     $ (86,537,335 )    $ 328,696,652       27,370,317  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

AZL DFA Multi-Strategy Fund

              

AZL DFA Five-Year Global Fixed Income Fund

   $ 367,167,703     $ 85,073     $ (46,468,008 )    $ (5,163,981 )    $ (21,172,435 )    $ 294,448,352       33,536,259  

AZL DFA International Core Equity Fund

     112,815,044       95,670       (5,607,381 )      931,375       (29,423,264 )      78,811,444       8,698,835  

AZL DFA U.S. Core Equity Fund

     360,655,079       -           (24,908,020 )        6,502,111       (83,048,602 )      259,200,568       19,756,141  

AZL DFA U.S. Small Cap Fund

     97,278,433       -           (7,958,877 )      2,054,334       (21,368,057 )      70,005,833       5,998,786  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $ 937,916,259     $ 180,743     $ (84,942,286 )    $ 4,323,839     $ (155,012,358 )    $ 702,466,197       67,990,021  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

AZL MVP Balanced Index Strategy Fund

              

AZL Enhanced Bond Index Fund

   $ 152,852,171     $ -         $ (14,023,831 )    $ (1,986,055 )    $ (20,469,277 )    $ 116,373,008       12,314,604  

AZL International Index Fund, Class 2

     41,204,618       140,548       (2,187,203 )      427,238       (11,295,229 )      28,289,972       2,061,951  

AZL Mid Cap Index Fund, Class 2

     24,548,632       -           (1,953,672 )      470,091       (5,558,330 )      17,506,721       792,877  

AZL S&P 500 Index Fund, Class 2

     77,077,394       365,747       (6,390,964 )      2,780,629       (20,266,851 )      53,565,955       2,893,893  

AZL Small Cap Stock Index Fund, Class 2

     12,881,687       88,237       (703,552 )      135,767       (3,086,444 )      9,315,695       726,653  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $ 308,564,502     $ 594,532     $ (25,259,222 )    $ 1,827,670     $ (60,676,131 )    $ 225,051,351       18,789,978  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

AZL MVP DFA Multi-Strategy Fund

              

AZL DFA Five-Year Global Fixed Income Fund

   $ 37,767,059     $ 409,122     $ (4,198,903 )    $ (446,944 )    $ (2,262,572 )    $ 31,267,762       3,561,249  

AZL DFA International Core Equity Fund

     12,108,383       64,674       (604,302 )      106,999       (3,172,964 )      8,502,790       938,498  

AZL DFA U.S. Core Equity Fund

     35,037,922       391,992       (1,878,478 )      390,590       (7,989,182 )      25,952,844       1,978,113  

AZL DFA U.S. Small Cap Fund

     10,092,382       -           (540,430 )      101,577       (2,155,512 )      7,498,017       642,504  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $ 95,005,746     $ 865,788     $ (7,222,113 )    $ 152,222     $ (15,580,230 )    $ 73,221,413       7,120,364  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

AZL MVP FIAM Multi-Strategy Fund

              

AZL FIAM Multi-Strategy Fund

   $ 231,703,402     $ 462,297     $ (20,308,369 )    $ 1,653,416     $ (41,541,521 )    $ 171,969,225       13,289,739  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $ 231,703,402     $ 462,297     $ (20,308,369 )    $ 1,653,416     $ (41,541,521 )    $ 171,969,225       13,289,739  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST

NOTES TO THE SCHEDULES OF PORTFOLIO INVESTMENTS

September 30, 2022 (Unaudited)

 

     Value
12/31/2021		   Purchases
at Cost		   Proceeds from
Sales		  

Net

Realized
Gains(Losses)

   Change in Net
Unrealized
Appreciation/
Depreciation		   Value
9/30/2022		   Shares as of
9/30/2022

AZL MVP Fusion Balanced Fund

              

AZL DFA International Core Equity Fund

   $ 27,941,892     $ -         $ (1,807,574 )    $ 384,992     $ (7,343,478 )    $ 19,175,832       2,116,538  

AZL DFA U.S. Core Equity Fund

     20,086,112       -           (1,696,671 )      618,620       (4,841,041 )      14,167,020       1,079,803  

AZL DFA U.S. Small Cap Fund

     12,121,637       -           (1,082,183 )      283,417       (2,689,324 )      8,633,547       739,807  

AZL Enhanced Bond Index Fund

     58,465,846       -           (5,449,779 )      (726,799 )      (7,927,228 )      44,362,040       4,694,396  

AZL FIAM Total Bond Fund, Class 2

     77,791,210       -           (7,706,444 )      (573,002 )      (10,862,462 )      58,649,302       6,538,384  

AZL Gateway Fund

     15,879,837       -           (1,522,225 )      224,833       (2,616,917 )      11,965,528       883,717  

AZL International Index Fund, Class 2

     67,404,093       -           (3,011,260 )      498,638       (18,428,934 )      46,462,537       3,386,482  

AZL MetWest Total Return Bond Fund

     77,636,975       -           (6,746,768 )      (1,221,314 )      (10,966,683 )      58,702,210       6,955,238  

AZL Mid Cap Index Fund, Class 2

     20,096,921       -           (1,818,699 )      435,946       (4,557,150 )      14,157,018       641,169  

AZL MSCI Emerging Markets Equity Index Fund, Class 2

     22,761,576       -           (321,859 )      23,852       (6,288,810 )      16,174,759       2,822,820  

AZL Russell 1000 Growth Index Fund, Class 2

     88,312,742       78,445       (313,064 )      43,637       (27,374,280 )      60,747,480       3,738,306  

AZL Russell 1000 Value Index Fund, Class 2

     88,988,474       -           (12,828,900 )      2,809,741       (16,843,418 )      62,125,897       4,966,099  

AZL Small Cap Stock Index Fund, Class 2

     12,091,075       -           (830,483 )      139,591       (2,865,048 )      8,535,135       665,767  

PIMCO VIT Income Portfolio

     39,472,198       868,042       (5,571,664 )      (46,282 )      (4,844,247 )      29,878,047       3,155,021  

PIMCO VIT Low Duration Portfolio

     39,176,597       311,460       (6,863,540 )      (327,032 )      (2,264,726 )      30,032,759       3,161,343  

PIMCO VIT Total Return Portfolio

     77,857,428       1,195,898       (7,226,309 )      (1,193,777 )      (11,779,400 )      58,853,840       6,612,791  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $  746,084,613     $  2,453,845     $ (64,797,422 )    $ 1,375,061     $ (142,493,146 )    $  542,622,951       52,157,681  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

AZL MVP Fusion Conservative Fund

              

AZL DFA International Core Equity Fund

   $ 5,768,878     $ 73,630     $ (501,014 )    $ 118,631     $ (1,530,452 )    $ 3,929,673       433,739  

AZL DFA U.S. Core Equity Fund

     4,043,677       65,494       (446,379 )      136,444       (972,289 )      2,826,947       215,469  

AZL DFA U.S. Small Cap Fund

     2,308,939       30,391       (243,243 )      45,092       (494,908 )      1,646,271       141,069  

AZL Enhanced Bond Index Fund

     22,145,524       35,207       (2,147,371 )      (221,502 )      (2,999,629 )      16,812,229       1,779,072  

AZL FIAM Total Bond Fund, Class 2

     29,547,272       128,579       (3,140,085 )      (202,767 )      (4,063,508 )      22,269,491       2,482,663  

AZL Gateway Fund

     3,429,976       11,915       (371,575 )      58,791       (563,432 )      2,565,675       189,489  

AZL International Index Fund, Class 2

     12,593,893       351,578       (849,636 )      158,990       (3,479,888 )      8,774,937       639,573  

AZL MetWest Total Return Bond Fund

     29,522,395       148,861       (2,812,298 )      (403,244 )      (4,150,830 )      22,304,884       2,642,759  

AZL Mid Cap Index Fund, Class 2

     4,620,535       121,494       (596,328 )      134,850       (1,061,802 )      3,218,749       145,777  

AZL MSCI Emerging Markets Equity Index Fund, Class 2

     3,429,809       149,535       (284,182 )      31,713       (933,995 )      2,392,880       417,606  

AZL Russell 1000 Growth Index Fund, Class 2

     18,402,908       2,622,846       (2,497,702 )      (149,525 )      (5,476,825 )      12,901,702       793,951  

AZL Russell 1000 Value Index Fund, Class 2

     18,552,106       957,866       (3,557,845 )      706,962       (3,598,581 )      13,060,508       1,044,005  

AZL Small Cap Stock Index Fund, Class 2

     2,893,033       86,715       (335,067 )      83,944       (715,848 )      2,012,777       157,003  

PIMCO VIT Income Portfolio

     13,656,413       297,487       (1,894,100 )      (7,639 )      (1,660,021 )      10,392,140       1,097,375  

PIMCO VIT Low Duration Portfolio

     15,816,060       126,091       (2,563,728 )      (103,479 )      (927,589 )      12,347,355       1,299,722  

PIMCO VIT Total Return Portfolio

     29,598,029       606,987       (2,994,899 )      (357,491 )      (4,486,629 )      22,365,997       2,513,033  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $ 216,329,447     $ 5,814,676     $ (25,235,452 )    $ 29,770     $ (37,116,226 )    $ 159,822,215       15,992,305  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST

NOTES TO THE SCHEDULES OF PORTFOLIO INVESTMENTS

September 30, 2022 (Unaudited)

 

     Value
12/31/2021		   Purchases
at Cost		   Proceeds from
Sales		  

Net

Realized
Gains(Losses)

   Change in Net
Unrealized
Appreciation/
Depreciation		   Value
9/30/2022		   Shares as of
9/30/2022

AZL MVP Fusion Moderate Fund

              

AZL DFA International Core Equity Fund

   $ 93,180,597     $ -         $ (6,860,079 )    $ 1,483,104     $ (24,493,941 )    $ 63,309,681       6,987,824  

AZL DFA U.S. Core Equity Fund

     84,150,832       -           (7,871,964 )      2,658,491       (20,208,675 )      58,728,684       4,476,272  

AZL DFA U.S. Small Cap Fund

     33,221,577       -           (3,302,154 )      859,361       (7,416,149 )      23,362,635       2,001,940  

AZL Enhanced Bond Index Fund

     114,082,224       -           (12,220,047 )      (2,029,263 )      (14,796,412 )      85,036,502       8,998,572  

AZL FIAM Total Bond Fund, Class 2

     150,037,904       -           (16,763,303 )      (1,911,908 )      (20,069,491 )      111,293,202       12,407,269  

AZL Gateway Fund

     46,426,902       -           (5,251,343 )      556,476       (7,489,172 )      34,242,863       2,529,015  

AZL International Index Fund, Class 2

     185,015,693       -           (8,807,612 )      1,458,238       (50,598,545 )      127,067,774       9,261,500  

AZL MetWest Total Return Bond Fund

     149,740,460       -           (14,693,921 )      (2,987,316 )      (20,440,604 )      111,618,619       13,224,955  

AZL Mid Cap Index Fund, Class 2

     65,527,708       -           (6,558,157 )      1,561,303       (14,918,241 )      45,612,613       2,065,789  

AZL MSCI Emerging Markets Equity Index Fund, Class 2

     69,388,891       -           -           -           (19,376,521 )      50,012,370       8,728,162  

AZL Russell 1000 Growth Index Fund, Class 2

     219,697,935       -           (52,291 )      17,282       (68,167,220 )      151,495,706       9,322,813  

AZL Russell 1000 Value Index Fund, Class 2

     221,679,438       -           (32,352,250 )      5,469,480       (40,403,274 )      154,393,394       12,341,598  

AZL Small Cap Stock Index Fund, Class 2

     32,993,204       -           (2,336,357 )      384,905       (7,819,565 )      23,222,187       1,811,403  

PIMCO VIT Income Portfolio

     73,715,110       1,620,641       (10,932,105 )      (421,839 )      (8,722,235 )      55,259,572       5,835,224  

PIMCO VIT Low Duration Portfolio

     52,466,332       436,603       (7,168,501 )      (452,500 )      (3,154,197 )      42,127,737       4,434,499  

PIMCO VIT Total Return Portfolio

     150,165,203       2,292,357       (15,721,870 )      (2,985,664 )      (21,942,043 )      111,807,983       12,562,695  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $  1,741,490,010     $  4,349,601     $ (150,891,954 )    $ 3,660,150     $ (350,016,285 )    $  1,248,591,522       116,989,530  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

AZL MVP Global Balanced Index Strategy Fund

              

AZL Enhanced Bond Index Fund

   $ 323,676,941     $ 98,469     $ (28,419,030 )    $ (3,863,578 )    $ (43,944,558 )    $ 247,548,244       26,195,581  

AZL MSCI Global Equity Index Fund, Class 2

     297,133,346       506,866       (16,563,543 )      3,582,693       (76,686,371 )      207,972,991       16,637,839  

AZL MSCI Emerging Markets Equity Index Fund, Class 2

     34,089,504       -           (1,090,867 )      79,533       (9,291,100 )      23,787,070       4,151,321  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $ 654,899,791     $ 605,335     $ (46,073,440 )    $ (201,352 )    $ (129,922,029 )    $ 479,308,305       46,984,741  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

AZL MVP Growth Index Strategy Fund

              

AZL Enhanced Bond Index Fund

   $ 582,601,042     $ -         $ (33,385,346 )    $ (6,554,121 )    $ (81,781,883 )    $ 460,879,692       48,770,338  

AZL International Index Fund, Class 2

     511,613,042       -           (31,358,893 )      4,099,733       (138,542,994 )      345,810,888       25,204,875  

AZL Mid Cap Index Fund, Class 2

     305,093,027       -           (31,345,978 )      7,285,385       (69,308,152 )      211,724,282       9,588,962  

AZL S&P 500 Index Fund, Class 2

     957,053,324       -           (64,907,874 )      25,947,857       (245,883,537 )      672,209,770       36,316,033  

AZL Small Cap Stock Index Fund, Class 2

     156,760,310       -           (17,642,323 )      3,263,768       (37,314,993 )      105,066,762       8,195,535  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $ 2,513,120,745     $ -         $ (178,640,414 )    $ 34,042,622     $ (572,831,559 )    $ 1,795,691,394       128,075,743  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST

NOTES TO THE SCHEDULES OF PORTFOLIO INVESTMENTS

September 30, 2022 (Unaudited)

 

     Value
12/31/2021		   Purchases
at Cost		   Proceeds from
Sales		  

Net

Realized
Gains(Losses)

   Change in Net
Unrealized
Appreciation/
Depreciation		   Value
9/30/2022		   Shares as of
9/30/2022

AZL MVP Moderate Index Strategy Fund

              

AZL Enhanced Bond Index Fund

   $ 195,344,854     $ -         $ (15,489,449 )    $ (2,257,445 )    $ (26,656,439 )    $ 150,941,521       15,972,648  

AZL International Index Fund, Class 2

     79,559,857       -           (3,691,499 )      623,615       (21,727,292 )      54,764,681       3,991,595  

AZL Mid Cap Index Fund, Class 2

     48,455,219       -           (4,320,853 )      1,076,929       (10,989,208 )      34,222,087       1,549,913  

AZL S&P 500 Index Fund, Class 2

     150,357,182       998,900       (10,702,696 )      4,420,676       (38,878,795 )      106,195,267       5,737,184  

AZL Small Cap Stock Index Fund, Class 2

     24,282,630       -           (1,593,440 )      319,828       (5,782,888 )      17,226,130       1,343,692  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $ 497,999,742     $ 998,900     $ (35,797,937 )    $ 4,183,603     $ (104,034,622 )    $ 363,349,686       28,595,032  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

AZL MVP T. Rowe Price Capital Appreciation Plus Fund

              

AZL Enhanced Bond Index Fund

   $ 232,814,119     $ 1,331,516     $ -         $ -         $ (36,010,982 )    $ 198,134,653       20,966,630  

AZL S&P 500 Index Fund, Class 2

     416,095,724       -           (19,838,142 )      8,114,005       (105,023,208 )      299,348,379       16,172,252  

AZL T. Rowe Price Capital Appreciation Fund

     755,651,464       -           (66,486,594 )      4,698,242       (125,542,862 )      568,320,250       31,157,908  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  $  1,404,561,307     $  1,331,516     $ (86,324,736 )    $ 12,812,247     $ (266,577,052 )    $  1,065,803,282       68,296,790  
 

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST

NOTES TO THE SCHEDULES OF PORTFOLIO INVESTMENTS

September 30, 2022 (Unaudited)

 

2. Restricted Securities

A restricted security is a security which has been purchased through a private offering and cannot be resold to the general public without prior registration under the Securities Act of 1933 (the “1933 Act”) or pursuant to the resale limitations provided by Rule 144A under the 1933 Act, or an exemption from the registration requirements of the 1933 Act. Whether a restricted security is illiquid is determined pursuant to guidelines established by the Board of Trustees. Not all restricted securities are considered illiquid. The illiquid restricted securities held as of September 30, 2022 are identified below.

AZL MVP Global Balanced Index Strategy Fund:

 

Security    Acquisition
Date(a)		   

Acquisition

Cost

     

Shares

or

Principal

Amount

      Value     

Percentage of

Net Assets

Jawbone

    1/24/17      $–        23,389        $–      0.00%

Lookout, Inc.

    3/4/15      3,384        5,547        44,598      0.01%

Lookout, Inc. Preferred Shares, Series F

    9/19/14      481,995        63,925        513,957      0.10%

Quintis Pty, Ltd.

    10/25/18      253,669        386,370        3      0.00%

Quintis Pty, Ltd., 10/1/26, Callable 11/14/22 @ 103.38

    10/25/18      52,331        52,331        52,331      0.01%

Quintis Pty, Ltd., 10/1/28, Callable 5/13/22 @ 96.00

    10/25/18      730,672        730,672        694,212      0.14%

REI Agro, Ltd., Registered Shares, 5.50%, 12/8/19

    2/7/12      –        400,000        –      0.00%

(a) Acquisition date represents the initial purchase date of the security.