AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks (99.0%): | ||||||
Aerospace & Defense (1.0%): | ||||||
4,461 | Airbus SE | $ | 597,568 | |||
17,862 | Austal, Ltd. | 20,653 | ||||
512 | Avon Rubber plc | 5,854 | ||||
17,326 | Babcock International Group plc* | 63,997 | ||||
10,080 | BAE Systems plc | 122,180 | ||||
1,760 | Bombardier, Inc.* | 96,095 | ||||
2,289 | CAE, Inc.* | 51,766 | ||||
7,684 | Chemring Group plc | 26,364 | ||||
283 | Dassault Aviation SA | 56,050 | ||||
116 | Elbit Systems, Ltd. | 19,720 | ||||
89 | Facc AG* | 678 | ||||
1,523 | Hensoldt AG | 54,849 | ||||
2,300 | Heroux-Devtek, Inc.* | 22,263 | ||||
865 | Kongsberg Gruppen ASA | 34,953 | ||||
13,483 | Leonardo SpA | 158,393 | ||||
1,132 | LISI | 29,957 | ||||
4,014 | MDA, Ltd.* | 20,793 | ||||
979 | MTU Aero Engines AG | 244,798 | ||||
351 | OHB SE | 11,925 | ||||
12,902 | QinetiQ Group plc | 51,728 | ||||
1,143 | Rheinmetall AG | 339,514 | ||||
80,446 | Rolls-Royce Holdings plc* | 148,553 | ||||
247 | Saab AB | 15,027 | ||||
1,043 | Safran SA | 154,877 | ||||
15,312 | Senior plc | 29,705 | ||||
21,100 | Singapore Technologies Engineering, Ltd. | 58,233 | ||||
659 | Thales SA | 97,417 | ||||
|
|
|||||
2,533,910 | ||||||
|
|
|||||
Air Freight & Logistics (0.7%): | ||||||
2,500 | Apollo Senior Floating Rate Fund, Inc. | 37,670 | ||||
4,417 | BPOST SA | 25,184 | ||||
2,607 | Cia de Distribucion Integral Logista Holdings SA | 65,059 | ||||
6,355 | CTT-Correios de Portugal SA | 24,933 | ||||
10,493 | Deutsche Post AG | 490,085 | ||||
1,842 | DSV A/S | 355,575 | ||||
7,956 | Freightways Group, Ltd. | 47,050 | ||||
107 | ID Logistics Group* | 31,811 | ||||
4,998 | InPost SA* | 45,774 | ||||
20,500 | Kerry Network, Ltd. | 31,967 | ||||
1,800 | Konoike Transport Co., Ltd. | 20,280 | ||||
958 | Mainfreight, Ltd. | 42,004 | ||||
900 | Mitsui-Soko Holdings Co., Ltd. | 26,720 | ||||
2,600 | Nippon Express Holdings Co., Ltd. | 156,706 | ||||
534 | Oesterreichische Post AG^ | 19,740 | ||||
17,081 | PostNL NV | 30,984 | ||||
32,923 | Royal Mail plc | 91,544 | ||||
900 | SBS Holdings, Inc. | 22,850 | ||||
5,100 | SG Holdings Co., Ltd. | 75,577 | ||||
27,700 | Singapore Post, Ltd. | 10,423 | ||||
5,312 | Wincanton plc | 14,158 | ||||
4,300 | Yamato Holdings Co., Ltd. | 73,769 | ||||
|
|
|||||
1,739,863 | ||||||
|
|
|||||
Automobile Components (3.6%): | ||||||
1,000 | Aisan Industry Co., Ltd. | 6,815 | ||||
2,700 | Aisin Sieki Co., Ltd. | 74,417 | ||||
7,300 | Akebono Brake Industry Co., Ltd.* | 7,997 | ||||
1,027 | Akwel | 15,269 | ||||
2,453 | Arb Corp., Ltd. | 52,232 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Automobile Components, continued | ||||||
9,587 | Aston Martin Lagonda Global Holdings plc*(a) | $ | 27,073 | |||
202 | Autoneum Holding AG* | 30,099 | ||||
3,489 | Bayerische Motoren Werke AG (BMW) | 381,981 | ||||
3,367 | Brembo SpA | 49,407 | ||||
8,700 | Bridgestone Corp. | 353,467 | ||||
1,647 | Bulten AB | 14,003 | ||||
2,286 | Cie Automotive SA | 65,790 | ||||
12,224 | Cie Generale des Etablissements Michelin SCA* | 374,115 | ||||
12,732 | CIR SpA-Compagnie Industriali* | 5,323 | ||||
1,653 | Continental AG | 123,536 | ||||
2,800 | Daido Metal Co., Ltd. | 10,815 | ||||
2,400 | Daikyonishikawa Corp. | 11,715 | ||||
14,566 | Daimler AG, Registered Shares | 1,118,823 | ||||
2,600 | Denso Corp. | 146,784 | ||||
11,116 | Dometic Group AB(a) | 67,836 | ||||
865 | Dr Ing hc F Porsche AG* | 110,696 | ||||
1,800 | Eagle Industry Co., Ltd. | 16,180 | ||||
673 | Edag Engineering Group AG | 7,667 | ||||
1,724 | ElringKlinger AG | 17,574 | ||||
1,500 | Exco Technologies, Ltd. | 8,492 | ||||
1,700 | Exedy Corp. | 23,295 | ||||
1,783 | Faurecia SE* | 38,801 | ||||
5,309 | Faurecia SE* | 115,366 | ||||
2,300 | FCC Co., Ltd. | 26,967 | ||||
488 | Ferrari NV | 132,219 | ||||
398 | Ferrari NV | 107,784 | ||||
1,000 | F-Tech, Inc. | 4,989 | ||||
4,000 | Futaba Industrial Co., Ltd. | 12,899 | ||||
6,562 | Gestamp Automocion SA(a) | 29,735 | ||||
1,400 | G-Tekt Corp. | 15,166 | ||||
6,206 | Gud Holdings, Ltd. | 40,889 | ||||
232 | Hella GmbH & Co. KGaA | 20,171 | ||||
1,600 | Hi-Lex Corp. | 14,680 | ||||
10,900 | Honda Motor Co., Ltd. | 289,981 | ||||
700 | H-One Co., Ltd. | 3,341 | ||||
300 | Imasen Electric Industrial | 1,668 | ||||
15,200 | Isuzu Motors, Ltd. | 181,944 | ||||
19,355 | Johnson Electric Holdings, Ltd. | 21,987 | ||||
7,400 | JTEKT Corp. | 57,228 | ||||
1,800 | Kasai Kogyo Co., Ltd.* | 2,808 | ||||
258 | Kendrion NV | 4,342 | ||||
298 | Knaus Tabbert AG | 13,863 | ||||
1,800 | Koito Manufacturing Co., Ltd. | 34,097 | ||||
25,060 | Kongsberg Automotive ASA* | 5,740 | ||||
1,000 | KYB Corp. | 30,435 | ||||
1,544 | Leoni AG* | 410 | ||||
1,933 | Linamar Corp. | 93,024 | ||||
1,104 | Magna International, Inc. | 59,141 | ||||
6,013 | Magna Internationl, Inc. | 322,120 | ||||
4,466 | Martinrea International, Inc. | 48,153 | ||||
10,100 | Mazda Motor Corp. | 94,043 | ||||
2,000 | Mitsuba Corp. | 7,923 | ||||
22,500 | Mitsubishi Motors Corp.* | 88,954 | ||||
2,500 | Musashi Seimitsu Industry Co., Ltd. | 35,459 | ||||
4,300 | NHK SPRING Co., Ltd. | 30,880 | ||||
600 | Nichirin Co., Ltd. | 10,724 | ||||
1,500 | Nifco, Inc. | 42,604 | ||||
2,200 | Nippon Seiki Co., Ltd. | 14,068 | ||||
20,000 | Nissan Motor Co., Ltd. | 76,097 |
See accompanying notes to the schedules of portfolio investments.
1
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Automobile Components, continued | ||||||
2,700 | Nissan Shatai Co., Ltd. | $ | 17,279 | |||
6,300 | Niterra Co., Ltd. | 130,305 | ||||
2,700 | NOK Corp. | 29,942 | ||||
2,439 | Nokian Renkaat OYJ | 23,362 | ||||
2,600 | Pacific Industrial Co., Ltd. | 22,739 | ||||
8,981 | Piaggio & C SpA | 38,344 | ||||
10,683 | Pirelli & C SpA(a) | 53,656 | ||||
1,743 | Plastic Omnium SA | 31,736 | ||||
6,300 | Press Kogyo Co., Ltd. | 23,743 | ||||
3,582 | PWR Holdings, Ltd. | 23,997 | ||||
5,773 | Renault SA* | 235,682 | ||||
400 | Riken Corp. | 7,839 | ||||
1,900 | Sanoh Industrial Co., Ltd. | 9,481 | ||||
2,535 | Schaeffler AG | 19,288 | ||||
2,400 | Shoei Co., Ltd. | 50,370 | ||||
1,900 | Stanley Electric Co., Ltd. | 42,224 | ||||
18,630 | Stellantis NV | 338,959 | ||||
23,341 | Stellantis NV | 424,632 | ||||
20,600 | Subaru Corp. | 329,768 | ||||
12,700 | Sumitomo Electric Industries, Ltd. | 163,192 | ||||
2,900 | Sumitomo Riko Co., Ltd. | 15,122 | ||||
6,500 | Sumitomo Rubber Industries, Ltd. | 58,849 | ||||
5,600 | Suzuki Motor Corp. | 203,851 | ||||
300 | T RAD Co., Ltd. | 5,318 | ||||
1,400 | Tachi-S Co., Ltd. | 12,715 | ||||
800 | Taiho Kogyo Co., Ltd. | 3,843 | ||||
8,119 | TI Fluid Systems plc(a) | 10,749 | ||||
2,500 | Tokai Rika Co., Ltd. | 30,805 | ||||
2,500 | Topre Corp. | 23,249 | ||||
3,200 | Toyo Tire Corp. | 37,412 | ||||
1,700 | Toyoda Gosei Co., Ltd. | 29,356 | ||||
2,200 | Toyota Boshoku Corp. | 35,585 | ||||
62,620 | Toyota Motor Corp. | 891,510 | ||||
1,500 | TPR Co., Ltd. | 15,190 | ||||
294 | Trigano SA | 38,351 | ||||
2,800 | TS Tech Co., Ltd. | 35,569 | ||||
2,000 | Unipres Corp. | 13,932 | ||||
9,310 | Valeo SA | 191,569 | ||||
842 | Vitesco Technologies Group AG* | 60,940 | ||||
606 | Volkswagen AG | 103,835 | ||||
9,185 | Volvo Car AB, Class B* | 40,204 | ||||
7,800 | Yamaha Motor Co., Ltd. | 204,416 | ||||
4,300 | Yokohama Rubber Co., Ltd. (The) | 91,009 | ||||
600 | Yorozu Corp. | 3,850 | ||||
|
|
|||||
9,425,868 | ||||||
|
|
|||||
Banks (7.9%): |
| |||||
1,900 | 77th Bank | 31,057 | ||||
6,117 | ABN AMRO Group NV | 97,153 | ||||
536 | Addiko Bank AG* | 8,428 | ||||
36,960 | AIB Group plc | 150,522 | ||||
1,500 | Akita Bank, Ltd. (The) | 20,013 | ||||
2,146 | Aktia Bank OYJ | 22,233 | ||||
19,608 | ANZ Group Holdings, Ltd. | 301,979 | ||||
3,500 | Aozora Bank, Ltd. | 63,479 | ||||
3,314 | Auswide Bank, Ltd. | 12,544 | ||||
1,000 | Awa Bank, Ltd. (The) | 14,741 | ||||
195 | Banca Monte dei Paschi di Siena SpA* | 425 | ||||
19,969 | Banca Popolare di Sondrio SCPA | 84,944 | ||||
61,495 | Banco Bilbao Vizcaya Argentaria SA | 439,294 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Banks, continued |
| |||||
37,367 | Banco Bilbao Vizcaya Argentaria SA, ADR | $ | 263,437 | |||
63,397 | Banco Bpm SpA | 248,396 | ||||
374,521 | Banco Comercial Portugues SA, Class R | 83,076 | ||||
157,448 | Banco de Sabadell SA | 169,261 | ||||
140,122 | Banco Santander SA | 521,935 | ||||
6,287 | Banco Santander SA, ADR | 23,199 | ||||
17,236 | Bank Hapoalim BM | 143,630 | ||||
24,597 | Bank Leumi Le-Israel BM | 186,149 | ||||
30,859 | Bank of East Asia, Ltd. (The) | 39,349 | ||||
974 | Bank of Georgia Group plc | 33,020 | ||||
39,103 | Bank of Ireland Group plc | 395,652 | ||||
900 | Bank of Iwate, Ltd. (The) | 14,472 | ||||
1,700 | Bank of Kyoto, Ltd. (The) | 80,422 | ||||
3,419 | Bank of Montreal | 304,580 | ||||
4,062 | Bank of Montreal | 361,965 | ||||
500 | Bank of Nagoya, Ltd. (The) | 11,946 | ||||
8,317 | Bank of Nova Scotia | 418,844 | ||||
4,100 | Bank of Nova Scotia (The)^ | 206,532 | ||||
18,984 | Bank of Queensland, Ltd.^ | 82,673 | ||||
2,000 | Bank of The Ryukyus, Ltd. | 14,008 | ||||
4,611 | Bankinter SA^ | 26,182 | ||||
71 | Banque Cantonale de Geneve | 15,214 | ||||
1,029 | Banque Cantonale Vaudoise, Registered Shares | 97,097 | ||||
196,917 | Barclays plc | 355,479 | ||||
11,277 | Barclays plc, ADR | 81,082 | ||||
2,701 | BAWAG Group AG(a) | 131,324 | ||||
16,528 | Bendigo & Adelaide Bank, Ltd. | 96,128 | ||||
207 | Berner Kantonalbank AG | 51,825 | ||||
5,480 | BNP Paribas SA | 327,727 | ||||
35,542 | BOC Hong Kong Holdings, Ltd. | 110,460 | ||||
46,769 | BPER Banca | 115,580 | ||||
53,120 | CaixaBank SA | 206,784 | ||||
4,131 | Canadian Imperial Bank of Commerce^ | 175,200 | ||||
5,363 | Canadian Imperial Bank of Commerce | 227,498 | ||||
4,227 | Canadian Western Bank | 77,452 | ||||
5,000 | Chiba Bank, Ltd. (The) | 32,291 | ||||
3,300 | Chugin Financial Group, Inc. | 22,177 | ||||
6,677 | Close Brothers Group plc | 74,295 | ||||
3,381 | Collector Bank AB* | 11,704 | ||||
15,997 | Commerzbank AG* | 168,276 | ||||
9,809 | Commonwealth Bank of Australia | 645,706 | ||||
16,100 | Concordia Financial Group, Ltd. | 59,431 | ||||
8,122 | Credit Agricole SA | 91,812 | ||||
2,729 | Credito Emiliano SpA | 20,224 | ||||
16,000 | Dah Sing Banking Group, Ltd. | 12,280 | ||||
5,600 | Dah Sing Financial Holdings, Ltd. | 14,429 | ||||
1,900 | Daishi Hokuetsu Financial Group, Inc. | 41,556 | ||||
10,300 | Danske Bank A/S* | 207,178 | ||||
14,092 | DBS Group Holdings, Ltd. | 350,296 | ||||
7,391 | DNB Bank ASA | 132,637 | ||||
1,600 | Ehime Bank, Ltd. (The) | 10,196 | ||||
830 | EQB, Inc. | 35,809 | ||||
4,763 | Erste Group Bank AG | 157,529 | ||||
650 | Fidea Holdings Co., Ltd. | 6,551 | ||||
10,889 | Finecobank Banca Fineco SpA | 167,435 | ||||
3,600 | First Bank of Toyama, Ltd. (The) | 16,073 | ||||
1,329 | First International Bank Of Israel, Ltd. (The) | 47,056 | ||||
1,000 | Fukui Bank, Ltd. (The) | 11,248 | ||||
5,100 | Fukuoka Financial Group, Inc. | 98,148 |
See accompanying notes to the schedules of portfolio investments.
2
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Banks, continued |
| |||||
7,200 | Gunma Bank, Ltd. (The) | $ | 24,112 | |||
9,200 | Hachijuni Bank, Ltd. (The) | 39,994 | ||||
4,005 | Hang Seng Bank, Ltd. | 56,818 | ||||
24,614 | Heartland Group Holdings Npv | 24,022 | ||||
5,200 | Hirogin Holdings, Inc. | 24,602 | ||||
1,000 | Hokkoku Financial Holdings, Inc. | 31,287 | ||||
4,500 | Hokuhoku Financial Group, Inc. | 31,476 | ||||
14,784 | HSBC Holdings plc, ADR | 504,578 | ||||
60,883 | HSBC Holdings plc | 414,427 | ||||
9,400 | Hyakugo Bank, Ltd. (The) | 26,378 | ||||
1,000 | Hyakujushi Bank, Ltd. (The) | 13,898 | ||||
3 | Hypothekarbank Lenzburg AG | 14,232 | ||||
25,191 | ING Groep NV | 299,671 | ||||
71,373 | Intesa Sanpaolo SpA | 183,671 | ||||
21,055 | Isreal Discount Bank | 103,640 | ||||
5,400 | Iyogin Holdings, Inc. | 30,702 | ||||
2,800 | Japan Post Bank Co., Ltd. | 22,904 | ||||
620 | Jimoto Holdings, Inc. | 1,822 | ||||
1,200 | Juroku Financial Group, Inc. | 25,615 | ||||
1,487 | Jyske Bank A/S* | 104,326 | ||||
7,716 | KBC Group NV | 530,435 | ||||
5,800 | Keiyo Bank, Ltd. (The) | 24,858 | ||||
400 | Kita-Nippon Bank, Ltd. (The) | 5,990 | ||||
2,500 | Kiyo Bank, Ltd. (The) | 28,057 | ||||
10,290 | Kyushu Financial Group, Inc. | 37,122 | ||||
1,296 | Laurentian Bank of Canada | 30,508 | ||||
562 | Liechtensteinische Landesbank AG | 36,070 | ||||
271,718 | Lloyds Banking Group plc | 160,273 | ||||
109,681 | Lloyds TSB Group plc, ADR | 254,460 | ||||
100 | Luzerner Kantonalbank AG | 44,230 | ||||
27,470 | Mebuki Financial Group, Inc. | 67,358 | ||||
11,906 | Mediobanca SpA | 119,878 | ||||
75,600 | Mitsubishi UFJ Financial Group, Inc. | 485,120 | ||||
800 | Miyazaki Bank, Ltd. (The) | 14,155 | ||||
1,478 | Mizrahi Tefahot Bank, Ltd. | 46,412 | ||||
15,980 | Mizuho Financial Group, Inc. | 226,654 | ||||
1,300 | Musashino Bank, Ltd. (The) | 21,870 | ||||
5,064 | MyState, Ltd. | 12,211 | ||||
1,300 | Nanto Bank, Ltd. (The) | 22,867 | ||||
28,191 | National Australia Bank, Ltd. | 523,221 | ||||
8,032 | National Bank of Canada | 574,597 | ||||
35,666 | NatWest Group PLC | 116,515 | ||||
4,800 | Nishi-Nippon Holdings, Inc. | 39,570 | ||||
14,112 | Nordea Bank AB | 150,665 | ||||
7,280 | Nordea Bank Abp | 77,776 | ||||
7,300 | North Pacific Bank, Ltd. | 15,364 | ||||
1,800 | Ogaki Kyoritsu Bank, Ltd. (The) | 24,306 | ||||
1,000 | Oita Bank, Ltd. (The) | 15,456 | ||||
820 | Okinawa Financial Group, Inc. | 12,905 | ||||
21,046 | Oversea-Chinese Banking Corp., Ltd. | 196,290 | ||||
5,215 | Permanent TSB Group Holdings plc* | 13,066 | ||||
1,522 | Procrea Holdings, Inc. | 24,249 | ||||
28,000 | Public Financial Holdings, Ltd. | 7,871 | ||||
4,183 | Raiffeisen International Bank-Holding AG | 64,257 | ||||
31,675 | Resona Holdings, Inc. | 153,135 | ||||
1,300 | Ringkjoebing Landbobank A/S | 183,442 | ||||
6,453 | Royal Bank of Canada | 617,221 | ||||
7,631 | Royal Bank of Canada | 729,371 | ||||
1,190 | San Ju San Financial Group, Inc. | 14,205 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Banks, continued |
| |||||
6,200 | San-In Godo Bank, Ltd. (The) | $ | 34,671 | |||
900 | SBI Shinsei Bank, Ltd. | 15,845 | ||||
11,600 | Senshu Ikeda Holdings, Inc. | 20,350 | ||||
24,900 | Seven Bank, Ltd. | 49,804 | ||||
1,300 | Shiga Bank, Ltd. (The) | 26,348 | ||||
1,000 | Shikoku Bank, Ltd. (The) | 6,583 | ||||
400 | Shimizu Bank, Ltd. (The) | 4,392 | ||||
6,600 | Shizuoka Financial Group, Inc. | 47,449 | ||||
10,818 | Skandinaviska Enskilda Banken AB, Class A* | 119,351 | ||||
11,484 | Societe Generale | 259,201 | ||||
4,151 | Spar Nord Bank A/S | 65,458 | ||||
2,034 | SpareBank 1 Sorost-Norge | 9,720 | ||||
5,014 | Sparebank 1 Sr-Bank ASA | 58,083 | ||||
523 | Sparekassen Sjaelland-Fyn A/S | 13,938 | ||||
119 | St. Galler Kantonalbank AG | 64,072 | ||||
36,353 | Standard Chartered plc | 276,555 | ||||
8,700 | Sumitomo Mitsui Financial Group, Inc. | 348,888 | ||||
2,200 | Sumitomo Mitsui Trust Holdings, Inc. | 75,377 | ||||
8,000 | Suruga Bank, Ltd. | 28,029 | ||||
9,765 | Svenska Handelsbanken AB, Class A | 84,551 | ||||
6,063 | Swedbank AB, Class A^ | 99,539 | ||||
2,815 | Sydbank A/S | 126,896 | ||||
1,470 | TBC Bank Group plc | 40,627 | ||||
6,500 | Toho Bank, Ltd. (The) | 10,663 | ||||
1,100 | Tokyo Kiraboshi Financial Group, Inc. | 21,878 | ||||
7,500 | Tomony Holdings, Inc. | 20,054 | ||||
5,359 | Toronto-Dominion Bank (The) | 321,032 | ||||
5,540 | Toronto-Dominion Bank (The) | 331,846 | ||||
2,100 | Towa Bank, Ltd. (The) | 8,641 | ||||
6,200 | Tsukuba Bank, Ltd. | 9,984 | ||||
69,079 | Unicaja Banco SA(a) | 74,237 | ||||
13,825 | Unicredit SpA | 261,828 | ||||
10,227 | United Overseas Bank, Ltd. | 229,531 | ||||
743 | Valiant Holding AG | 79,800 | ||||
30,944 | Vestjysk Bank A/S | 15,123 | ||||
54,554 | Virgin Money UK plc | 98,625 | ||||
239 | Walliser Kantonalbank | 28,512 | ||||
22,910 | Westpac Banking Corp. | 332,254 | ||||
1,600 | Yamagata Bank, Ltd. (The) | 12,253 | ||||
3,900 | Yamaguchi Financial Group, Inc. | 23,944 | ||||
1,800 | Yamanashi Chuo Bank, Ltd. (The) | 15,571 | ||||
6 | Zuger Kantonalbank AG | 51,431 | ||||
|
|
|||||
20,901,846 | ||||||
|
|
|||||
Beverages (1.2%): |
| |||||
1,669 | A.G. Barr plc | 10,383 | ||||
1,900 | Andrew Peller, Ltd. | 6,594 | ||||
7,342 | Anheuser-Busch InBev NV | 489,532 | ||||
2,700 | Asahi Breweries, Ltd. | 100,532 | ||||
9,774 | Britvic plc | 107,676 | ||||
14,400 | Budweiser Brewing Co. APAC, Ltd.(a) | 43,731 | ||||
14,772 | C&C Group plc* | 28,680 | ||||
1,608 | Carlsberg A/S, Class B | 248,656 | ||||
4,300 | Coca-Cola Bottlers Japan Holdings, Inc. | 46,974 | ||||
3,112 | Coca-Cola European Partners plc | 183,598 | ||||
3,040 | Coca-Cola HBC AG | 83,146 | ||||
3,646 | David Campari-Milano NV | 44,466 | ||||
2,157 | Diageo plc, ADR | 390,805 | ||||
8,372 | Diageo plc | 373,584 | ||||
812 | Fevertree Drinks plc | 12,862 |
See accompanying notes to the schedules of portfolio investments.
3
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Beverages, continued | ||||||
1,564 | Heineken NV | $ | 168,356 | |||
1,000 | ITO EN, Ltd. | 32,753 | ||||
2,300 | Kirin Holdings Co., Ltd. | 36,403 | ||||
109 | Laurent-Perrier | 14,068 | ||||
653 | Olvi OYJ | 21,206 | ||||
1,235 | Pernod Ricard SA | 279,800 | ||||
2,850 | Primo Water Corp. | 43,764 | ||||
1,600 | Primo Water Corp. | 24,560 | ||||
321 | Remy Cointreau SA | 58,500 | ||||
1,827 | Royal Unibrew A/S | 159,189 | ||||
1,600 | Sapporo Breweries, Ltd. | 41,134 | ||||
1,500 | Suntory Beverage & Food, Ltd. | 55,908 | ||||
7,000 | Takara Holdings, Inc. | 54,162 | ||||
7,931 | Treasury Wine Estates, Ltd. | 69,558 | ||||
|
|
|||||
3,230,580 | ||||||
|
|
|||||
Biotechnology (0.3%): | ||||||
24,100 | AnGes, Inc.* | 21,727 | ||||
86 | Argenx SE* | 31,935 | ||||
418 | Basilea Pharmaceutica REG* | 22,899 | ||||
1,271 | Bavarian Nordic A/S* | 36,420 | ||||
1,455 | BioGaia AB | 12,868 | ||||
760 | Clinuvel Pharmaceuticals, Ltd. | 9,846 | ||||
1,360 | CSL, Ltd. | 262,352 | ||||
765 | Galapagos NV* | 29,369 | ||||
617 | Genmab A/S* | 233,003 | ||||
2,347 | Grifols SA* | 23,220 | ||||
5,747 | Knight Therapeutics, Inc.* | 18,713 | ||||
6,442 | Mesoblast, Ltd.*^ | 4,093 | ||||
176 | Pharma Mar SA | 8,444 | ||||
9,303 | Pharming Group NV* | 12,386 | ||||
4,999 | PureTech Health PLC* | 13,681 | ||||
2,722 | Swedish Orphan Biovitrum AB* | 63,466 | ||||
2,800 | Takara Bio, Inc. | 36,706 | ||||
1,652 | Vitrolife AB | 34,468 | ||||
1,155 | Zealand Pharma A/S* | 36,125 | ||||
|
|
|||||
911,721 | ||||||
|
|
|||||
Broadline Retail (0.8%): | ||||||
1,600 | ASKUL Corp. | 20,796 | ||||
29,631 | B&M European Value Retail SA | 176,759 | ||||
1,900 | Belluna Co., Ltd. | 10,074 | ||||
2,059 | Canadian Tire Corp., Class A | 268,738 | ||||
4,097 | Dollarama, Inc. | 244,886 | ||||
6,374 | Europris ASA(a) | 44,369 | ||||
3,300 | H2O Retailing Corp. | 37,098 | ||||
24,372 | Harvey Norman Holdings, Ltd. | 58,544 | ||||
7,100 | Isetan Mitsukoshi Holdings, Ltd. | 79,481 | ||||
1,000 | Izumi Co., Ltd. | 23,748 | ||||
9,100 | J. Front Retailing Co., Ltd. | 90,839 | ||||
30,000 | Metro Holdings, Ltd. | 13,876 | ||||
47,139 | Myer Holdings, Ltd. | 28,186 | ||||
1,879 | Next plc | 152,670 | ||||
5,500 | Pan Pacific International Holdings Corp. | 106,446 | ||||
3,602 | Prosus NV | 281,659 | ||||
1,591 | Puuilo OYJ | 11,597 | ||||
6,100 | Rakuten, Inc. | 28,450 | ||||
3,600 | Ryohin Keikaku Co., Ltd. | 40,883 | ||||
700 | Sanyo Electric Railway Co., Ltd. | 12,038 | ||||
2,200 | Seria Co., Ltd. | 43,597 | ||||
4,500 | Takashimaya Co., Ltd. | 65,654 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Broadline Retail, continued | ||||||
24,280 | THG plc* | $ | 20,296 | |||
2,195 | Tokmanni Group Corp. | 30,258 | ||||
3,646 | Warehouse Group, Ltd. (The) | 4,231 | ||||
8,320 | Wesfarmers, Ltd. | 280,394 | ||||
4,000 | Wing On Company International, Ltd. | 6,889 | ||||
|
|
|||||
2,182,456 | ||||||
|
|
|||||
Building Products (1.2%): | ||||||
6,500 | AGC, Inc. | 242,320 | ||||
2,028 | Arbonia AG | 24,246 | ||||
3,060 | ASSA Abloy AB, Class B | 73,497 | ||||
316 | Belimo Holding AG, Class R | 152,491 | ||||
2,400 | Bunka Shutter Co., Ltd. | 20,068 | ||||
1,517 | Carel Industries SpA(a) | 41,526 | ||||
1,800 | Central Glass Co., Ltd. | 40,029 | ||||
8,839 | Cie de Saint-Gobain | 503,225 | ||||
1,200 | Daikin Industries, Ltd. | 215,169 | ||||
130 | dorma kaba Holding AG | 55,695 | ||||
17,584 | Fletcher Building, Ltd. | 47,924 | ||||
573 | Geberit AG, Registered Shares | 320,518 | ||||
5,784 | Genuit Group plc | 19,979 | ||||
12,753 | Gwa Group, Ltd. | 13,972 | ||||
7,079 | Inrom Construction Industries, Ltd. | 24,106 | ||||
2,938 | Inwido AB | 31,241 | ||||
5,198 | James Halstead plc | 11,747 | ||||
4,079 | Kingspan Group plc | 279,987 | ||||
2,801 | Lindab International AB | 42,944 | ||||
4,600 | Lixil Corp. | 75,869 | ||||
687 | LU-VE SpA | 23,951 | ||||
1,773 | Munters Group AB(a) | 16,384 | ||||
4,140 | Nibe Industrier AB, Class B | 47,229 | ||||
2,400 | Nichias Corp. | 48,380 | ||||
1,100 | Nichiha Corp. | 22,477 | ||||
4,900 | Nippon Sheet Glass Co., Ltd.* | 23,531 | ||||
1,400 | Nitto Boseki Co., Ltd. | 21,357 | ||||
2 | Norcros plc | 5 | ||||
1,552 | Nordic Waterproofing Holding AB | 24,358 | ||||
1,500 | Noritz Corp. | 19,719 | ||||
1,400 | Okabe Co., Ltd. | 8,126 | ||||
27,554 | Reliance Worldwide Corp., Ltd. | 68,264 | ||||
414 | ROCKWOOL A/S, Class B | 101,314 | ||||
238 | Rockwool International A/S | 57,950 | ||||
1,900 | Sankyo Tateyama, Inc. | 10,295 | ||||
7,600 | Sanwa Holdings Corp. | 81,453 | ||||
47 | Schweiter Technologies AG | 35,593 | ||||
700 | Sekisui Jushi Corp. | 11,008 | ||||
900 | Shin Nippon Air Technologies Co., Ltd. | 12,680 | ||||
1,800 | Sinko Industries, Ltd. | 22,491 | ||||
3,824 | Systemair AB | 32,099 | ||||
1,800 | Takara Standard Co., Ltd. | 19,984 | ||||
1,400 | Takasago Thermal Engineering Co., Ltd. | 22,302 | ||||
1,000 | TOTO, Ltd. | 33,507 | ||||
7,093 | Tyman plc | 21,030 | ||||
2,185 | Uponor OYJ | 40,414 | ||||
3,919 | Volution Group PLC | 20,854 | ||||
72,000 | Xinyi Glass Holdings, Ltd. | 128,777 | ||||
533 | Zehnder Group AG | 43,529 | ||||
|
|
|||||
3,255,614 | ||||||
|
|
|||||
Capital Markets (2.6%): | ||||||
14,575 | 3i Group plc | 303,863 |
See accompanying notes to the schedules of portfolio investments.
4
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Capital Markets, continued | ||||||
24,792 | ABG Sundal Collier Holding ASA | $ | 14,448 | |||
3,200 | AGF Management, Ltd. | 18,826 | ||||
1,600 | Aizawa Securities Co., Ltd. | 8,337 | ||||
8,821 | AJ Bell plc | 37,559 | ||||
143 | Alantra Partners SA | 1,699 | ||||
903 | Altamir | 26,641 | ||||
912 | Amundi SA(a) | 57,611 | ||||
7,128 | Anima Holding SpA(a) | 29,009 | ||||
13,034 | Ashmore Group plc | 38,496 | ||||
1,186 | ASX, Ltd. | 51,626 | ||||
1,880 | Avanza Bank Holding AB | 44,272 | ||||
1,232 | Azimut Holding SpA | 26,392 | ||||
1,895 | Banca Generali SpA | 60,401 | ||||
521 | Bellevue Group AG | 18,810 | ||||
5,672 | Bridgepoint Group plc(a) | 15,451 | ||||
154 | Brookfield Asset Management, Ltd. | 5,039 | ||||
725 | Brookfield Asset Managmt, Ltd. | 23,752 | ||||
7,800 | Brookfield Corp. | 254,151 | ||||
614 | Brookfield Corp. | 20,010 | ||||
1,962 | Bure Equity AB | 46,917 | ||||
2,497 | Canaccord Genuity Group, Inc. | 20,234 | ||||
6,882 | CI Financial Corp. | 65,087 | ||||
119 | Cie Financiere Tradition SA | 14,968 | ||||
5,668 | CMC Markets PLC(a) | 12,353 | ||||
26,805 | Credit Suisse Group AG | 24,158 | ||||
4,319 | Credit Suisse Group AG, ADR | 3,843 | ||||
19,800 | Daiwa Securities Group, Inc. | 93,050 | ||||
25,588 | Deutsche Bank AG | 259,442 | ||||
5,196 | Deutsche Bank AG, Registered Shares | 53,051 | ||||
552 | Deutsche Beteiligungs AG | 16,697 | ||||
905 | Deutsche Boerse AG | 176,116 | ||||
1,167 | DWS Group GmbH Co. KGaA(a) | 35,842 | ||||
4,307 | EFG International AG | 42,167 | ||||
837 | Equities Holdings, Ltd. | 14,358 | ||||
1,799 | Euronext NV(a) | 137,741 | ||||
4,000 | Fiera Capital Corp. | 22,911 | ||||
3,587 | Flatex Degiro AG* | 30,836 | ||||
838 | Flow Traders, Ltd. | 24,292 | ||||
10,649 | GAM Holding AG* | 6,453 | ||||
2,674 | Georgia Capital plc* | 25,893 | ||||
856 | Gimv NV | 41,428 | ||||
2,400 | GMO Financial Holdings, Inc. | 10,482 | ||||
1,175 | Guardian Capital Group, Ltd., Class A | 37,894 | ||||
142,000 | Guotai Junan International Hol | 11,653 | ||||
148,767 | Haitong International Securities* | 12,342 | ||||
8,796 | Hargreaves Lansdown plc | 87,036 | ||||
8,394 | Hong Kong Exchanges & Clearing, Ltd. | 372,575 | ||||
1,131 | HUB24, Ltd. | 20,892 | ||||
5,100 | iFAST Corp., Ltd. | 18,905 | ||||
13,629 | IG Group Holdings plc | 117,687 | ||||
1,732 | IGM Financial, Inc. | 51,769 | ||||
4,298 | Impax Asset Management Group plc | 42,520 | ||||
25,878 | Insignia Financial, Ltd. | 47,539 | ||||
6,881 | IntegraFin Holdings plc | 23,096 | ||||
6,092 | Intermediate Capital Group plc | 91,998 | ||||
19,519 | Investec plc | 108,574 | ||||
49,718 | IP Group plc | 33,950 | ||||
1,700 | IwaiCosmo Holdings, Inc. | 17,210 | ||||
1,300 | JAFCO Group Co., Ltd. | 18,599 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Capital Markets, continued | ||||||
7,500 | Japan Exchange Group, Inc. | $ | 114,445 | |||
6,757 | Julius Baer Group, Ltd. | 462,774 | ||||
17,082 | Jupiter Fund Management plc | 28,601 | ||||
800 | Kyokuto Securities Co., Ltd. | 3,589 | ||||
2,122 | Liontrust Asset Management plc | 26,840 | ||||
1,458 | London Stock Exchange Group plc | 141,671 | ||||
500 | M&A Capital Partners Co., Ltd.* | 14,058 | ||||
1,600 | Macquarie Group, Ltd. | 188,442 | ||||
3,050 | Magellan Financial Group, Ltd. | 17,830 | ||||
42,213 | Man Group plc/Jersey | 122,856 | ||||
2,300 | Marusan Securities Co., Ltd. | 7,413 | ||||
1,180,000 | Mason Group Holdings, Ltd.* | 4,353 | ||||
6,300 | Matsui Securities Co., Ltd. | 37,249 | ||||
2,900 | Mito Securities Co., Ltd. | 6,352 | ||||
3,035 | MLP SE | 16,045 | ||||
5,700 | Monex Group, Inc. | 20,714 | ||||
4,905 | Navigator Global Investments, Ltd. | 3,446 | ||||
5,471 | Netwealth Group, Ltd. | 49,860 | ||||
22,153 | Ninety One plc | 50,715 | ||||
43,100 | Nomura Holdings, Inc. | 166,398 | ||||
1,900 | Nordnet AB Publ | 31,423 | ||||
16,464 | NZX, Ltd. | 12,670 | ||||
7,300 | Okasan Securities Group, Inc. | 26,014 | ||||
250 | Partners Group Holding AG | 235,773 | ||||
1,598 | Perpetual, Ltd. | 23,600 | ||||
4,165 | Pinnacle Investment Management Group, Ltd. | 22,070 | ||||
11,593 | Platinum Asset Management, Ltd. | 13,371 | ||||
2,595 | Polar Capital Holdings plc | 14,486 | ||||
38,911 | Quilter PLC(a) | 40,553 | ||||
1,470 | Rathbones Group plc | 34,783 | ||||
9,785 | Ratos AB, Class B | 29,913 | ||||
1,022 | Rothschild & Co. | 51,592 | ||||
3,700 | SBI Holdings, Inc. | 73,447 | ||||
10,425 | Schroders PLC | 59,396 | ||||
20,400 | Singapore Exchange, Ltd. | 144,692 | ||||
840 | Sparx Group Co., Ltd. | 9,197 | ||||
700 | Sprott, Inc. | 25,585 | ||||
1,642 | St. James Place plc | 24,595 | ||||
59,785 | Standard Life Aberdeen plc | 150,539 | ||||
700 | Strike Co., Ltd. | 20,239 | ||||
520 | Swissquote Group Holding SA | 101,991 | ||||
2,584 | Tamburi Investment Partners SP | 23,302 | ||||
1,383 | Tikehau Capital SCA | 36,560 | ||||
411 | TMX Group, Ltd. | 41,517 | ||||
8,500 | Tokai Tokyo Financial Holdings, Inc. | 23,511 | ||||
4,000 | Toyo Securities Co., Ltd. | 9,556 | ||||
37,521 | TP ICAP Group plc | 83,356 | ||||
23,782 | UBS Group AG | 502,322 | ||||
20,430 | Uob-Kay Hian Holdings, Ltd. | 21,813 | ||||
22,000 | Value Partners Group, Ltd. | 7,035 | ||||
1,528 | Van Lanschot Kempen NV | 46,639 | ||||
1,065 | Vontobel Holding AG | 69,256 | ||||
245 | Vp Bank AG, Registered Shares | 26,261 | ||||
631 | VZ Holding AG | 51,760 | ||||
|
|
|||||
6,921,419 | ||||||
|
|
|||||
Chemicals (4.0%): |
| |||||
900 | Achilles Corp. | 9,210 | ||||
2,600 | Adeka Corp. | 44,468 | ||||
1,800 | AICA Kogyo Co., Ltd. | 41,335 |
See accompanying notes to the schedules of portfolio investments.
5
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Chemicals, continued | ||||||
1,597 | Air Liquide SA | $ | 267,519 | |||
6,800 | Air Water, Inc. | 85,369 | ||||
5,807 | Akzo Nobel NV | 453,207 | ||||
700 | Arakawa Chemical Industries, Ltd. | 5,271 | ||||
2,166 | Arkema SA | 214,221 | ||||
22,100 | Asahi Kasei Corp. | 155,010 | ||||
1,100 | ASAHI YUKIZAI Corp. | 26,353 | ||||
9,409 | BASF SE | 493,419 | ||||
1,939 | Borregaard ASA | 32,552 | ||||
400 | C Uyemura & Co., Ltd. | 19,588 | ||||
52,400 | China Sunsine Chemical Holdings, Ltd. | 18,516 | ||||
2,229 | Christian Hansen Holding A/S | 169,180 | ||||
2,200 | Chugoku Marine Paints, Ltd. | 18,198 | ||||
1,600 | CI Takiron Corp. | 5,957 | ||||
4,288 | Clariant AG | 71,173 | ||||
839 | Corbion NV | 27,510 | ||||
8,186 | Covestro AG(a) | 338,549 | ||||
885 | Croda International plc | 71,075 | ||||
1,000 | Dai Nippon Toryo Co., Ltd. | 6,404 | ||||
10,500 | Daicel Corp. | 79,219 | ||||
900 | Dainichiseika Color & Chemical | 12,119 | ||||
3,300 | Dainippon Ink & Chemicals, Inc. | 59,416 | ||||
3,200 | Denka Co., Ltd. | 66,225 | ||||
18,377 | Elementis plc* | 27,009 | ||||
13,127 | Elkem ASA(a) | 44,414 | ||||
84 | EMS-Chemie Holding AG | 69,431 | ||||
8,516 | Ercros SA | 40,280 | ||||
9,485 | Essentra plc | 22,635 | ||||
7,616 | Evonik Industries AG | 159,881 | ||||
1,150 | FUCHS PETROLUB SE | 39,344 | ||||
2,541 | FUCHS PETROLUB SE | 103,437 | ||||
500 | Fujimi, Inc. | 27,645 | ||||
300 | Fujimori Kogyo Co., Ltd. | 7,229 | ||||
700 | Fuso Chemical Co., Ltd. | 19,966 | ||||
108 | Givaudan SA, Registered Shares | 352,024 | ||||
200 | Gurit Holding AG* | 18,125 | ||||
4,126 | Hexpol AB | 51,250 | ||||
700 | Hodogaya Chemical Co., Ltd. | 15,927 | ||||
7,397 | ICL Group, Ltd. | 50,073 | ||||
78,748 | Incitec Pivot, Ltd. | 165,144 | ||||
1,500 | Ishihara Sangyo Kaisha, Ltd. | 12,688 | ||||
1,000 | JCU Corp. | 26,139 | ||||
6,187 | Johnson Matthey plc | 151,596 | ||||
700 | Jsp Corp. | 8,197 | ||||
1,200 | JSR Corp. | 28,368 | ||||
1,900 | Kaneka Corp. | 49,632 | ||||
1,300 | Kansai Paint Co., Ltd. | 17,589 | ||||
3,300 | Kanto Denka Kogyo Co., Ltd. | 25,790 | ||||
600 | KeePer Technical Laboratory Co., Ltd. | 22,405 | ||||
1,600 | KEIWA, Inc. | 18,504 | ||||
2,983 | Kemira OYJ | 52,457 | ||||
1,400 | Kh Neochem Co., Ltd. | 25,428 | ||||
1,500 | Koatsu Gas Kogyo Co., Ltd. | 7,991 | ||||
2,257 | Koninklijke DSM NV | 266,736 | ||||
1,000 | Konishi Co., Ltd. | 14,505 | ||||
3,400 | Kumiai Chemical Industry Co., Ltd. | 21,860 | ||||
13,300 | Kuraray Co., Ltd. | 122,348 | ||||
600 | Kureha Corp. | 38,388 | ||||
2,747 | Lanxess AG | 112,695 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Chemicals, continued | ||||||
379 | Lenzing AG | $ | 28,652 | |||
1,300 | Lintec Corp. | 21,282 | ||||
1,300 | MEC Co., Ltd. | 25,220 | ||||
1,600 | Methanex Corp. | 74,465 | ||||
929 | Methanex Corp. | 43,226 | ||||
42,800 | Mitsubishi Chemical Holdings Corp. | 254,689 | ||||
4,600 | Mitsubishi Gas Chemical Co., Inc. | 68,337 | ||||
6,100 | Mitsui Chemicals, Inc. | 157,525 | ||||
12,400 | Nanofilm Technologies International, Ltd. | 15,155 | ||||
800 | Nihon Kagaku Sangyo Co., Ltd. | 6,422 | ||||
2,300 | Nihon Nohyaku Co., Ltd. | 11,744 | ||||
2,600 | Nihon Parkerizing Co., Ltd. | 19,540 | ||||
600 | Nippon Chemical Industrial Co., Ltd. | 8,976 | ||||
3,100 | Nippon Kayaku Co., Ltd. | 28,064 | ||||
2,100 | Nippon Paint Holdings Co., Ltd. | 19,738 | ||||
1,400 | Nippon Pillar Packing Co., Ltd. | 39,779 | ||||
3,100 | Nippon Sanso Holdings Corp. | 55,964 | ||||
700 | Nippon Shokubai Co., Ltd. | 27,964 | ||||
800 | Nippon Soda Co., Ltd. | 27,903 | ||||
1,900 | Nissan Chemical Corp. | 86,339 | ||||
2,100 | Nitto Denko Corp. | 135,727 | ||||
2,100 | NOF Corp. | 97,987 | ||||
2,352 | Novozymes A/S, Class B | 120,490 | ||||
16,188 | Nufarm, Ltd. | 62,050 | ||||
6,510 | Nutrien, Ltd. | 480,843 | ||||
3,137 | Nutrien, Ltd. | 231,667 | ||||
2,984 | OCI NV | 101,285 | ||||
500 | Okamoto Industries, Inc. | 15,017 | ||||
600 | Okura Industrial Co., Ltd. | 9,248 | ||||
14,912 | Orica, Ltd. | 154,064 | ||||
900 | Osaka Organic Chemical Industry, Ltd. | 14,715 | ||||
700 | Osaka Soda Co., Ltd. | 23,046 | ||||
1,958 | Recticel SA | 36,515 | ||||
2,800 | Riken Technos Corp. | 12,477 | ||||
500 | Sakai Chemical Industry Co., Ltd. | 6,692 | ||||
2,400 | Sakata Inx Corp. | 18,815 | ||||
700 | Sanyo Chemical Industries, Ltd. | 22,596 | ||||
900 | Sekisui Plastics Co., Ltd. | 2,837 | ||||
1,100 | Shikoku Chemicals Corp. | 11,684 | ||||
19,000 | Shin-Etsu Chemical Co., Ltd. | 616,326 | ||||
1,800 | Shin-Etsu Polymer Co., Ltd. | 20,340 | ||||
7,800 | Showa Denko K.K. | 128,568 | ||||
1,747 | Sika AG | 490,493 | ||||
1,125 | SOL SpA | 30,161 | ||||
3,355 | Solvay SA | 384,226 | ||||
400 | Stella Chemifa Corp. | 7,988 | ||||
900 | Sumitomo Bakelite Co., Ltd. | 35,191 | ||||
21,900 | Sumitomo Chemical Co., Ltd. | 73,675 | ||||
300 | Sumitomo Seika Chemicals Co. Ltd. | 9,827 | ||||
275 | Symrise AG | 29,872 | ||||
13,110 | Synthomer plc | 18,959 | ||||
700 | T Hasegawa Co., Ltd. | 15,756 | ||||
1,200 | T&K Toka Co., Ltd. | 9,749 | ||||
1,800 | Taiyo Holdings Co., Ltd. | 34,092 | ||||
600 | Takasago International Corp. | 11,875 | ||||
2,100 | Tanaka Chemical Corp.* | 23,747 | ||||
600 | Tayca Corp. | 5,325 | ||||
6,900 | Teijin, Ltd. | 72,832 | ||||
500 | Tenma Corp. | 8,890 |
See accompanying notes to the schedules of portfolio investments.
6
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Chemicals, continued | ||||||
625 | Tessenderlo Group SA* | $ | 19,553 | |||
2,400 | Toagosei Co., Ltd. | 22,357 | ||||
7,500 | Tokai Carbon Co., Ltd. | 71,687 | ||||
2,200 | Tokuyama Corp. | 35,042 | ||||
1,000 | Tokyo Ohka Kogyo Co., Ltd. | 58,258 | ||||
20,600 | Toray Industries, Inc. | 117,785 | ||||
4,700 | Tosoh Corp. | 63,867 | ||||
1,200 | Toyo Ink SC Holdings Co., Ltd. | 18,635 | ||||
3,400 | Toyobo Co., Ltd. | 26,710 | ||||
2,500 | Ube Industries, Ltd. | 38,816 | ||||
6,147 | Umicore SA | 208,720 | ||||
700 | Valqua, Ltd. | 18,238 | ||||
2,109 | Victrex plc | 41,550 | ||||
657 | Wacker Chemie AG | 106,462 | ||||
2,524 | Yara International ASA | 109,941 | ||||
5,100 | Zeon Corp. | 54,016 | ||||
|
|
|||||
10,646,461 | ||||||
|
|
|||||
Commercial Services & Supplies (1.2%): | ||||||
800 | AEON Delight Co., Ltd. | 18,355 | ||||
50,079 | AMA Group,, Ltd.* | 8,061 | ||||
1,755 | Befesa SA(a) | 79,404 | ||||
896 | Bilfinger SE | 37,969 | ||||
1,670 | Black Diamond Group, Ltd. | 7,341 | ||||
600 | Boyd Group Services, Inc. | 95,925 | ||||
20,065 | Brambles, Ltd. | 180,584 | ||||
6,796 | Bravida Holding AB(a) | 76,544 | ||||
200 | Calian Group, Ltd. | 9,646 | ||||
1,939 | Caverion Corp. | 18,016 | ||||
300 | Central Security Patrols Co., Ltd. | 6,148 | ||||
338 | Cewe Stiftung & Co. KGAA | 34,820 | ||||
45,478 | Cleanaway Waste Management, Ltd. | 72,579 | ||||
3,808 | Coor Service Management Holding AB(a) | 24,299 | ||||
2,400 | CTS Co., Ltd. | 13,949 | ||||
2,500 | Dai Nippon Printing Co., Ltd. | 69,860 | ||||
1,500 | Daiseki Co., Ltd. | 47,569 | ||||
6,041 | De La Rue plc* | 3,864 | ||||
3,731 | Derichebourg SA | 21,873 | ||||
2,180 | Dexterra Group, Inc. | 7,986 | ||||
262 | DO & CO AG* | 30,579 | ||||
25,522 | Downer EDI, Ltd. | 58,727 | ||||
1,100 | Duskin Co., Ltd. | 26,481 | ||||
7,723 | Elis SA | 147,903 | ||||
300 | GDI Integrated Facility Services, Inc.* | 9,819 | ||||
1,600 | GFL Environmental, Inc. | 55,176 | ||||
435 | GL Events* | 10,440 | ||||
900 | Inaba Seisakusho Co., Ltd. | 9,757 | ||||
2,297 | Intrum AB | 24,825 | ||||
1,400 | Inui Global Logistics Co., Ltd. | 18,987 | ||||
6,544 | ISS A/S* | 133,421 | ||||
1,800 | Itoki Corp. | 10,195 | ||||
1,900 | Japan Elevator Service Holdings Co., Ltd. | 30,955 | ||||
14,225 | Johnson Service Group plc | 21,513 | ||||
1,700 | Kokuyo Co., Ltd. | 24,124 | ||||
400 | Kyodo Printing Co., Ltd. | 8,299 | ||||
2,302 | Lassila & Tikanoja OYJ | 25,227 | ||||
2,739 | Loomis AB | 93,791 | ||||
700 | Matsuda Sangyo Co., Ltd. | 12,012 | ||||
5,449 | Mears Group plc | 13,354 | ||||
39,904 | Mitie Group plc | 40,487 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Commercial Services & Supplies, continued | ||||||
2,000 | Mitsubishi Pencil Co., Ltd. | $ | 24,601 | |||
1,400 | NAC Co., Ltd. | 10,099 | ||||
15,900 | Nippon Parking Development Co., Ltd. | 27,987 | ||||
1,600 | Okamura Corp. | 16,509 | ||||
1,100 | Oyo Corp. | 18,494 | ||||
4,300 | Park24 Co., Ltd.* | 63,297 | ||||
1,100 | Pilot Corp. | 35,744 | ||||
2,400 | Prestige International, Inc. | 10,835 | ||||
22,243 | Prosegur Cash SA(a) | 17,070 | ||||
13,654 | Prosegur Cia de Seguridad SA | 27,159 | ||||
4,183 | Renewi plc* | 31,405 | ||||
24,228 | Rentokil Initial plc | 177,121 | ||||
2,900 | Ritchie Bros Auctioneers, Inc. | 163,188 | ||||
900 | Sato Holdings Corp. | 14,897 | ||||
952 | Sdiptech AB* | 22,147 | ||||
95 | Seche Environnement SA | 10,655 | ||||
700 | Secom Co., Ltd. | 43,090 | ||||
12,915 | Securitas AB, Class B | 115,195 | ||||
26,399 | Serco Group plc | 50,022 | ||||
3,154 | Smart Metering Systems plc | 28,871 | ||||
895 | Societe BIC SA | 56,433 | ||||
2,200 | Sohgo Security Services Co., Ltd. | 59,137 | ||||
4,783 | Spie SA | 138,792 | ||||
700 | Studio Alice Co., Ltd. | 11,319 | ||||
1,300 | Takara & Co., Ltd. | 22,053 | ||||
1,817 | Takkt AG | 28,597 | ||||
1,392 | TOMRA Systems ASA | 23,532 | ||||
3,880 | TOPPAN, INC. | 78,170 | ||||
2,000 | TRE Holdings Corp. | 21,637 | ||||
800 | Waste Connections, Inc. | 111,359 | ||||
418 | Waste Connections, Inc. | 58,131 | ||||
|
|
|||||
3,158,410 | ||||||
|
|
|||||
Communications Equipment (0.3%): | ||||||
2,301 | ADTRAN Holdings, Inc. | 36,494 | ||||
485 | ADVA Optical Networking SE* | 11,389 | ||||
700 | Aiphone Co., Ltd. | 10,790 | ||||
510 | BlackRock Corporate High Yield Fund, Inc. | 121 | ||||
700 | DKK Co., Ltd. | 11,795 | ||||
700 | Evertz Technologies, Ltd. | 5,724 | ||||
1,320 | HMS Networks AB | 54,075 | ||||
500 | Icom, Inc. | 9,529 | ||||
23,787 | Nokia Oyj, ADR | 116,794 | ||||
40,815 | Nokia OYJ | 200,652 | ||||
10,200 | Quarterhill, Inc. | 11,549 | ||||
418 | RTX A/S* | 8,509 | ||||
10,363 | Spirent Communications plc | 22,084 | ||||
684 | Telefonaktiebolaget LM Ericsson, Class A | 4,377 | ||||
44,988 | Telefonaktiebolaget LM Ericsson, Class B | 264,375 | ||||
5,700 | VTech Holdings, Ltd. | 34,125 | ||||
|
|
|||||
802,382 | ||||||
|
|
|||||
Construction & Engineering (1.9%): | ||||||
705 | Ackermans & Van Haaren NV | 116,145 | ||||
4,506 | ACS Actividades de Construccion y Servicios SA | 143,569 | ||||
3,353 | Aecon Group, Inc. | 34,068 | ||||
1,375 | AF Gruppen ASA | 19,566 | ||||
2,192 | Arcadis NV | 89,743 | ||||
600 | Asanuma Corp. | 14,119 | ||||
1,130 | Ashtrom Group, Ltd. | 17,065 | ||||
1,410 | Badger Infrastructure Solutions, Ltd. | 34,100 |
See accompanying notes to the schedules of portfolio investments.
7
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Construction & Engineering, continued | ||||||
16,103 | Balfour Beatty plc | $ | 73,991 | |||
865 | Bauer AG* | 5,731 | ||||
1,400 | Bird Construction, Inc. | 9,418 | ||||
16,800 | Boustead Singapore, Ltd. | 10,423 | ||||
4,152 | Bouygues SA | 140,024 | ||||
209 | Burkhalter Holding AG | 19,899 | ||||
8,000 | Central Holding Group Co., Ltd.* | 19,616 | ||||
4,600 | Chiyoda Corp.* | 13,620 | ||||
1,700 | Chudenko Corp. | 27,405 | ||||
494 | Cie dEntreprises CFE SA* | 5,381 | ||||
2,621 | ComSys Holdings Corp. | 48,364 | ||||
6,098 | Costain Group plc* | 4,098 | ||||
500 | CTI Engineering Co., Ltd. | 11,422 | ||||
500 | Dai-Dan Co., Ltd. | 8,953 | ||||
900 | Daiho Corp. | 25,021 | ||||
335 | Dredging Environmental Marine Engineering NV* | 42,859 | ||||
3,135 | Eiffage SA | 339,332 | ||||
2,783 | Elecnor SA | 34,868 | ||||
44 | Electra, Ltd./Israel | 18,749 | ||||
7,737 | Eltel AB*(a) | 6,220 | ||||
37,002 | Empresas ICA SAB de C.V.* | | ||||
7,764 | Ferrovial SA | 228,372 | ||||
2,073 | Fomento de Construcciones y Contratas SA | 20,243 | ||||
440 | Fudo Tetra Corp. | 5,424 | ||||
4,855 | Fugro NV* | 61,539 | ||||
200 | Fukuda Corp. | 7,020 | ||||
4,363 | Galliford Try Holdings plc | 9,292 | ||||
6,000 | Hazama Ando Corp. | 38,806 | ||||
1,929 | Heijmans NV | 26,489 | ||||
600 | Hibiya Engineering, Ltd. | 9,803 | ||||
1,127 | Hochtief AG | 93,945 | ||||
783 | Implenia AG | 32,818 | ||||
10,336 | INFRONEER Holdings, Inc. | 79,840 | ||||
5,765 | Instalco AB | 27,820 | ||||
4,600 | JGC Holdings Corp. | 57,095 | ||||
5,561 | Johns Lyng Group, Ltd. | 23,845 | ||||
7,600 | Kajima Corp. | 91,742 | ||||
3,000 | Kandenko Co., Ltd. | 21,161 | ||||
3,807 | Keller Group plc | 31,921 | ||||
19,638 | Kier Group plc* | 16,552 | ||||
2,500 | Kinden Corp. | 30,083 | ||||
15,900 | Koninklijke BAM Groep NV* | 37,824 | ||||
1,600 | Kumagai Gumi Co., Ltd. | 32,116 | ||||
3,700 | Kyowa Exeo Corp. | 66,955 | ||||
1,700 | Kyudenko Corp. | 43,213 | ||||
9,546 | Maire Tecnimont SpA | 41,071 | ||||
21,000 | MECOM Power And Construction, Ltd. | 4,396 | ||||
1,700 | Meisei Industrial Co., Ltd. | 9,940 | ||||
3,300 | Mirait Holdings Corp. | 41,097 | ||||
1,475 | Monadelphous Group, Ltd. | 12,399 | ||||
1,922 | Morgan Sindall Group plc | 40,119 | ||||
11,996 | Mota-Engil SGPS SA | 20,676 | ||||
3,087 | NCC AB, Class B | 27,356 | ||||
1,000 | Nichireki Co., Ltd. | 11,250 | ||||
1,600 | Nippon Densetsu Kogyo Co., Ltd. | 19,167 | ||||
700 | Nippon Koei Co., Ltd. | 17,802 | ||||
100 | Nippon Road Co., Ltd. (The) | 5,522 | ||||
1,000 | Nishimatsu Construction Co., Ltd. | 25,812 | ||||
20,879 | NRW Holdings, Ltd. | 33,592 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Construction & Engineering, continued | ||||||
9,700 | Obayashi Corp. | $ | 74,264 | |||
41,702 | Obrascon Huarte Lain SA* | 24,013 | ||||
1,100 | Okumura Corp. | 25,999 | ||||
8,600 | Oriental Shiraishi Corp. | 21,189 | ||||
3,037 | OX2 AB* | 22,606 | ||||
5,969 | Peab AB | 29,933 | ||||
8,700 | Penta-Ocean Construction Co., Ltd. | 41,565 | ||||
726 | Per Aarsleff Holding A/S | 31,182 | ||||
1,500 | Raito Kogyo Co., Ltd. | 22,085 | ||||
2,400 | Raiznext Corp. | 26,390 | ||||
2,472 | Renew Holdings plc | 20,602 | ||||
9,823 | Sacyr SA | 31,609 | ||||
1,900 | Sanki Engineering Co., Ltd. | 21,010 | ||||
1,700 | Seikitokyu Kogyo Co., Ltd. | 10,420 | ||||
40,165 | Service Stream, Ltd. | 17,294 | ||||
16,220 | Severfield plc | 12,216 | ||||
3,211 | Shapir Engineering And Indus | 22,789 | ||||
4,869 | Shikun & Binui, Ltd.* | 9,151 | ||||
6,700 | Shimizu Corp. | 37,962 | ||||
1,500 | Shinnihon Corp. | 10,623 | ||||
700 | SHO-BOND Holdings Co., Ltd. | 28,919 | ||||
5,098 | Skanska AB, Class B^ | 78,131 | ||||
4,101 | SNC-Lavalin Group, Inc. | 100,818 | ||||
1,244 | Stantec, Inc. | 72,662 | ||||
761 | Stantec, Inc. | 44,495 | ||||
600 | Sumitomo Densetsu Co., Ltd. | 11,595 | ||||
6,980 | Sumitomo Mitsui Construction | 20,240 | ||||
3,299 | Sweco AB | 41,968 | ||||
700 | Taihei Dengyo Kaisha, Ltd. | 21,451 | ||||
800 | Taikisha, Ltd. | 22,298 | ||||
2,000 | Taisei Corp. | 61,839 | ||||
1,400 | Takamatsu Construction Group C | 21,440 | ||||
400 | Tekken Corp. | 5,461 | ||||
900 | TOA Corp. | 18,042 | ||||
800 | TOA Road Corp. | 22,639 | ||||
1,630 | Tobishima Corp. | 12,980 | ||||
6,900 | Toda Corp. | 36,037 | ||||
400 | Toenec Corp. | 10,300 | ||||
1,000 | Tokyo Energy & Systems, Inc. | 6,738 | ||||
5,100 | Tokyu Construction Co., Ltd. | 26,015 | ||||
1,100 | Totetsu Kogyo Co., Ltd. | 22,502 | ||||
4,300 | Toyo Construction Co., Ltd. | 29,746 | ||||
2,100 | Toyo Engineering Corp.* | 8,986 | ||||
5,031 | Veidekke ASA | 53,472 | ||||
6,941 | Vinci SA | 796,402 | ||||
900 | Wakachiku Construction Co., Ltd. | 26,009 | ||||
1,393 | WSP Global, Inc. | 182,493 | ||||
1,700 | Yahagi Construction Co., Ltd. | 10,606 | ||||
1,200 | Yokogawa Bridge Holdings Corp. | 19,623 | ||||
1,200 | Yurtec Corp. | 7,527 | ||||
|
|
|||||
5,072,222 | ||||||
|
|
|||||
Construction Materials (0.8%): | ||||||
13,883 | Adbri, Ltd. | 14,785 | ||||
1,800 | Asia Pile Holdings Corp. | 10,026 | ||||
8,279 | Boral, Ltd.* | 19,592 | ||||
11,449 | Breedon Group plc | 10,802 | ||||
2,976 | Brickworks, Ltd. | 45,100 | ||||
2,616 | Buzzi Unicem SpA | 63,538 | ||||
5,942 | CRH plc | 300,270 |
See accompanying notes to the schedules of portfolio investments.
8
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Construction Materials, continued | ||||||
7,172 | CRH plc, ADR | $ | 364,840 | |||
15,999 | CSR, Ltd. | 50,950 | ||||
6,288 | Forterra PLC(a) | 15,421 | ||||
1,160 | H+H International A/S, Class B* | 18,204 | ||||
2,630 | HeidelbergCement AG | 191,815 | ||||
5,589 | Holcim, Ltd. | 360,628 | ||||
13,005 | Ibstock plc(a) | 27,643 | ||||
979 | Imerys SA | 42,338 | ||||
4,832 | James Hardie Industries SE | 103,698 | ||||
400 | Krosaki Harima Corp. | 20,104 | ||||
600 | Maeda Kosen Co., Ltd. | 14,598 | ||||
5,422 | Marshalls plc | 20,980 | ||||
2,500 | Nippon Concrete Industries Co., Ltd.* | 4,824 | ||||
405 | Rhi Magnesita NV | 11,221 | ||||
500 | Shinagawa Refractories Co., Ltd. | 17,281 | ||||
123 | STO SE & Co KGaA | 22,753 | ||||
1,500 | Sumitomo Osaka Cement Co., Ltd. | 42,309 | ||||
3,500 | Taiheiyo Cement Corp. | 65,771 | ||||
1,300 | TYK Corp. | 3,244 | ||||
998 | Vicat | 29,981 | ||||
3,665 | Wienerberger AG | 106,282 | ||||
|
|
|||||
1,998,998 | ||||||
|
|
|||||
Consumer Finance (0.3%): | ||||||
10,300 | ACOM Co., Ltd. | 24,842 | ||||
6,100 | AEON Financial Service Co., Ltd. | 56,955 | ||||
7,800 | Aiful Corp. | 21,164 | ||||
8,198 | Axactor SE* | 5,026 | ||||
1,411 | Cembra Money Bank AG | 110,879 | ||||
1,607 | Credit Corp. Group, Ltd. | 18,361 | ||||
5,300 | Credit Saison Co., Ltd. | 67,441 | ||||
18,226 | FleetPartners Group, Ltd.* | 25,442 | ||||
500 | goeasy, Ltd. | 35,333 | ||||
873 | Gruppo MutuiOnline SpA | 24,710 | ||||
2,616 | H&T Group plc | 13,585 | ||||
5,740 | Hoist Finance AB*(a) | 12,427 | ||||
17,800 | Hong Leong Finance, Ltd. | 33,322 | ||||
14,415 | International Personal Finance | 17,461 | ||||
8,929 | Isracard, Ltd. | 37,347 | ||||
5,602 | J Trust Co., Ltd. | 16,766 | ||||
1,300 | Jaccs Co., Ltd. | 43,199 | ||||
5,600 | Marui Group Co., Ltd. | 85,697 | ||||
1,520 | Orient Corp. | 12,662 | ||||
213,600 | Oshidori International Holdings, Ltd.* | 6,912 | ||||
2,100 | Premium Group Co., Ltd. | 26,953 | ||||
4,452 | Resurs Holding AB(a) | 9,924 | ||||
8,965 | Solvar, Ltd. | 10,576 | ||||
38,000 | Sun Hung Kai & Co., Ltd. | 14,494 | ||||
10,046 | Vanquis Banking Group plc | 29,470 | ||||
|
|
|||||
760,948 | ||||||
|
|
|||||
Consumer Staples Distribution (0.0%): | ||||||
10,000 | Hong Kong Technology Venture Co., Ltd. | 5,844 | ||||
1,100 | Oisix ra daichi, Inc.* | 19,150 | ||||
|
|
|||||
24,994 | ||||||
|
|
|||||
Consumer Staples Distribution & Retail (2.0%): | ||||||
6,800 | AEON Co., Ltd. | 131,844 | ||||
3,600 | Aeon Hokkaido Corp. | 21,844 | ||||
500 | Ain Holdings, Inc. | 20,968 | ||||
5,972 | Alimentation Couche-Tard, Inc. | 300,301 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Consumer Staples Distribution & Retail, continued | ||||||
1,200 | Arcs Co., Ltd. | $ | 20,343 | |||
1,537 | Axfood AB | 37,515 | ||||
800 | Axial Retailing, Inc. | 20,760 | ||||
600 | Belc Co., Ltd. | 25,378 | ||||
702 | BlackRock Floating Rate Income Trust | 16,861 | ||||
20,211 | Carrefour SA | 408,544 | ||||
1,395 | Casino Guichard-Perrachon SA*^ | 9,917 | ||||
1,100 | Cawachi, Ltd. | 18,995 | ||||
9,791 | Coles Group, Ltd. | 118,026 | ||||
2,403 | Colruyt SA | 70,369 | ||||
700 | Cosmos Pharmaceutical Corp. | 62,998 | ||||
1,300 | Create SD Holdings Co., Ltd. | 33,032 | ||||
500 | Daikokutenbussan Co., Ltd. | 18,967 | ||||
12,300 | Dairy Farm International Holdings, Ltd. | 37,342 | ||||
6,651 | Empire Co., Ltd., Class A | 178,321 | ||||
16,402 | Endeavour Group, Ltd. | 74,367 | ||||
1,000 | G-7 Holdings, Inc. | 10,944 | ||||
500 | Genky Drugstores Co., Ltd. | 14,749 | ||||
1,093 | George Weston, Ltd. | 144,865 | ||||
500 | Halows Co., Ltd. | 12,040 | ||||
1,600 | Heiwado Co., Ltd. | 24,585 | ||||
2,689 | HelloFresh SE* | 64,025 | ||||
200 | Itochu-Shokuhin Co., Ltd. | 7,698 | ||||
2,965 | Jeronimo Martins SGPS SA | 69,526 | ||||
600 | JM Holdings Co., Ltd. | 8,785 | ||||
600 | Kato Sangyo Co., Ltd. | 15,930 | ||||
9,149 | Kesko Oyj, Class B | 196,764 | ||||
2,074 | Kesko OYJ, Class A | 44,929 | ||||
2,100 | Kobe Bussan Co., Ltd. | 58,621 | ||||
15,019 | Koninklijke Ahold Delhaize NV | 513,684 | ||||
900 | Kusuri NO Aoki Holdings Co., Ltd. | 45,654 | ||||
1,500 | LAWSON, Inc. | 63,471 | ||||
800 | Life Corp. | 15,614 | ||||
2,811 | Loblaw Cos., Ltd. | 256,221 | ||||
215 | M Yochananof & Sons, Ltd. | 9,904 | ||||
89,548 | Marks & Spencer Group plc* | 185,039 | ||||
780 | MatsukiyoCocokara & Co. | 41,315 | ||||
29,776 | Metcash, Ltd. | 76,907 | ||||
4,561 | METRO AG* | 39,197 | ||||
3,517 | Metro, Inc. | 193,483 | ||||
600 | Ministop Co., Ltd. | 6,357 | ||||
900 | Mitsubishi Shokuhin Co., Ltd. | 22,124 | ||||
1,200 | Nihon Chouzai Co., Ltd. | 10,475 | ||||
1,801 | North West Co., Inc. | 50,366 | ||||
4,602 | Ocado Group plc* | 30,537 | ||||
3,500 | Okuwa Co., Ltd. | 22,361 | ||||
10,925 | Olam Group, Ltd. | 12,968 | ||||
1,200 | Qol Holdings Co., Ltd. | 10,527 | ||||
1,094 | Rallye SA* | 1,832 | ||||
337 | Rami Levy Chain Stores Hashikm | 20,034 | ||||
1,000 | Retail Partners Co., Ltd. | 10,308 | ||||
600 | San-A Co., Ltd. | 18,480 | ||||
7,000 | Seven & I Holdings Co., Ltd. | 315,805 | ||||
28,900 | Sheng Siong Group, Ltd. | 36,767 | ||||
4,880 | Shufersal, Ltd. | 23,742 | ||||
1,454 | Sligro Food Group NV | 24,857 | ||||
38,447 | Sonae SGPS SA | 41,953 | ||||
1,500 | Sugi Holdings Co., Ltd. | 64,524 | ||||
2,200 | Sundrug Co., Ltd. | 60,357 |
See accompanying notes to the schedules of portfolio investments.
9
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Consumer Staples Distribution & Retail, continued | ||||||
109,845 | Tesco plc | $ | 360,131 | |||
1,100 | Tsuruha Holdings, Inc. | 73,564 | ||||
2,100 | United Supermarkets Holdings | 17,650 | ||||
2,200 | Valor Holdings Co., Ltd. | 32,020 | ||||
1,400 | Watahan & Co., Ltd. | 15,025 | ||||
1,400 | Welcia Holdings Co., Ltd. | 29,959 | ||||
8,899 | Woolworths Group, Ltd. | 225,631 | ||||
800 | YAKUODO Holdings Co., Ltd. | 15,071 | ||||
700 | Yamatane Corp. | 8,899 | ||||
700 | Yaoko Co., Ltd. | 36,449 | ||||
2,800 | Yokorei Co., Ltd. | 20,281 | ||||
439 | Zur Rose Group AG* | 20,400 | ||||
|
|
|||||
5,380,096 | ||||||
|
|
|||||
Consumer Staples Products (0.1%): | ||||||
8,123 | GrainCorp, Ltd. | 37,669 | ||||
63,604 | J Sainsbury plc | 218,991 | ||||
|
|
|||||
256,660 | ||||||
|
|
|||||
Containers & Packaging (0.7%): | ||||||
5,896 | BillerudKorsnas AB | 60,580 | ||||
4,231 | Cascades, Inc. | 34,410 | ||||
2,180 | CCL Industries, Inc. | 108,314 | ||||
2,123 | Corticeira Amorim SGPS SA | 23,042 | ||||
49,509 | DS Smith plc | 192,345 | ||||
2,100 | FP Corp. | 52,078 | ||||
1,900 | Fuji Seal International, Inc. | 21,693 | ||||
1,000 | Hokkan Holdings, Ltd. | 10,346 | ||||
4,029 | Huhtamaki OYJ | 149,686 | ||||
282 | Mayr Melnhof Karton AG | 46,888 | ||||
29,583 | Orora, Ltd. | 67,938 | ||||
500 | Pack Corp. (The) | 11,176 | ||||
6,607 | Pact Group Holdings, Ltd. | 4,956 | ||||
5,300 | Rengo Co., Ltd. | 34,373 | ||||
9,671 | SIG Group AB | 248,866 | ||||
9,501 | Smurfit Kappa Group plc | 344,893 | ||||
500 | Taisei Lamick Co., Ltd. | 10,851 | ||||
600 | Tomoku Co., Ltd. | 7,242 | ||||
3,900 | Toyo Seikan Group Holdings, Ltd. | 53,847 | ||||
3,570 | Transcontinental, Inc. | 37,066 | ||||
3,356 | Verallia SA(a) | 143,109 | ||||
750 | Vetropack Holding AG | 37,806 | ||||
790 | Vidrala SA | 86,383 | ||||
1,500 | Winpak, Ltd. | 47,654 | ||||
840 | Zignago Vetro SpA | 16,368 | ||||
|
|
|||||
1,851,910 | ||||||
|
|
|||||
Distributors (0.1%): | ||||||
600 | Arata Corp. | 18,400 | ||||
13,299 | Bapcor, Ltd. | 56,900 | ||||
1,300 | Central Automotive Products, Ltd. | 25,849 | ||||
143 | Dieteren Group | 27,815 | ||||
1,000 | Doshisha Co., Ltd. | 14,638 | ||||
4,313 | Headlam Group plc | 16,178 | ||||
10,500 | Inchcape plc | 100,656 | ||||
500 | Media Do Co., Ltd.* | 5,354 | ||||
1,000 | Paltac Corp. | 38,025 | ||||
85 | Tadiran Group, Ltd. | 7,731 | ||||
1,142 | Uni-Select, Inc.* | 39,382 | ||||
|
|
|||||
350,928 | ||||||
|
|
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Diversified Consumer Services (0.2%): | ||||||
3,986 | Academedia AB | $ | 19,825 | |||
900 | Aucnet, Inc. | 10,896 | ||||
2,060 | Auction Technology Group plc* | 15,598 | ||||
3,500 | Benesse Holdings, Inc. | 51,296 | ||||
3,227 | Dignity plc* | 21,103 | ||||
33,000 | EC Healthcare | 26,414 | ||||
44,648 | G8 Education, Ltd. | 36,225 | ||||
1,700 | IBJ, Inc. | 9,048 | ||||
2,039 | IDP Education, Ltd. | 37,404 | ||||
1,407 | InvoCare, Ltd. | 11,140 | ||||
1,200 | LITALICO, Inc. | 23,420 | ||||
400 | Park Lawn Corp. | 8,241 | ||||
10,656 | Pearson plc | 111,189 | ||||
25,000 | Perfect Medical Health Management, Ltd. | 12,530 | ||||
900 | QB Net Holdings Co., Ltd. | 9,723 | ||||
2,600 | Riso Kyoiku Co., Ltd. | 6,458 | ||||
|
|
|||||
410,510 | ||||||
|
|
|||||
Diversified Telecommunication Services (2.5%): |
| |||||
900 | ARTERIA Networks Corp. | 8,671 | ||||
500 | BCE, Inc. | 22,401 | ||||
492 | BCE, Inc. | 22,037 | ||||
36,338 | Bezeq The Israeli Telecommunication Corp., Ltd. | 49,573 | ||||
235,035 | BT Group plc | 422,842 | ||||
2,538 | Cellnex Telecom SAU(a) | 98,784 | ||||
15,573 | Chorus, Ltd. | 81,892 | ||||
90,000 | CITIC Telecom International Holdings, Ltd. | 36,633 | ||||
58,327 | Deutsche Telekom AG | 1,412,601 | ||||
3,680 | Elisa OYJ | 221,763 | ||||
2,209 | Gamma Communications plc | 29,497 | ||||
14,874 | Helios Towers PLC* | 19,175 | ||||
27,500 | HKBN, Ltd. | 20,430 | ||||
121,295 | HKT Trust & HKT, Ltd. | 161,487 | ||||
4,964 | Infrastrutture Wireless Italiane SpA(a) | 65,425 | ||||
2,700 | Internet Initiative Japan, Inc. | 56,211 | ||||
85,966 | Koninklijke KPN NV | 303,594 | ||||
1,449 | Liberty Global plc, Class A* | 28,255 | ||||
2,495 | Liberty Global plc, Class C* | 50,848 | ||||
41,300 | NetLink NBN Trust | 26,719 | ||||
5,900 | Nippon Telegraph & Telephone Corp. | 176,238 | ||||
8,252 | NOS SGPS SA | 37,729 | ||||
75,519 | Orange SA | 897,246 | ||||
314 | Ovzon AB* | 1,145 | ||||
83,202 | PCCW, Ltd. | 41,600 | ||||
2,714 | Proximus SADP | 26,244 | ||||
4,571 | RAI Way SpA(a) | 27,485 | ||||
34,100 | Singapore Telecommunications, Ltd. | 63,203 | ||||
18,533 | Spark New Zealand, Ltd. | 58,757 | ||||
12,209 | Superloop, Ltd.* | 4,573 | ||||
929 | Swisscom AG | 592,922 | ||||
354,298 | Telecom Italia SpA* | 117,435 | ||||
144,076 | Telecom Italia SpA* | 46,525 | ||||
43,683 | Telefonica Deutschland Holding AG | 134,409 | ||||
177,356 | Telefonica SA | 765,253 | ||||
4,768 | Telekom Austria AG | 35,916 | ||||
2,611 | Telenor ASA | 30,666 | ||||
23,763 | Telia Co AB | 60,405 | ||||
36,908 | Telstra Corp., Ltd. | 104,237 | ||||
669 | TELUS Corp. | 13,283 | ||||
11,015 | TPG Telecom, Ltd. | 35,966 |
See accompanying notes to the schedules of portfolio investments.
10
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Diversified Telecommunication Services, continued | ||||||
7,091 | Tuas, Ltd.* | $ | 7,050 | |||
1,767 | United Internet AG Npv | 30,416 | ||||
1,446 | United Internet AG, Registered Shares | 24,891 | ||||
900 | Usen-Next Holdings Co., Ltd. | 17,470 | ||||
1,900 | Vision, Inc.* | 22,934 | ||||
|
|
|||||
6,512,836 | ||||||
|
|
|||||
Electric Utilities (1.2%): | ||||||
620 | Acciona SA | 124,222 | ||||
596 | BKW AG | 93,704 | ||||
6,100 | Chubu Electric Power Co., Inc. | 64,384 | ||||
7,100 | Chugoku Electric Power Co., Inc. (The)* | 36,047 | ||||
7,000 | CK Infrastructure Holdings, Ltd. | 38,220 | ||||
12,564 | CLP Holdings, Ltd. | 90,821 | ||||
8,510 | Contact Energy, Ltd. | 41,220 | ||||
28,319 | EDP - Energias de Portugal SA | 154,298 | ||||
211 | Elia Group SA/NV | 27,863 | ||||
2,600 | Emera, Inc. | 106,825 | ||||
4,828 | Endesa SA | 104,829 | ||||
75,038 | Enel SpA | 458,236 | ||||
240 | Energiedienst Holding AG, Registered Shares | 10,889 | ||||
1,538 | EVN AG | 34,167 | ||||
2,941 | Fortis, Inc. | 125,036 | ||||
1,708 | Fortis, Inc. | 72,641 | ||||
11,736 | Fortum OYJ* | 179,993 | ||||
16,045 | Genesis Energy, Ltd. | 27,841 | ||||
64,500 | HK Electric Investments, Ltd. | 40,430 | ||||
7,700 | Hokkaido Electric Power Co., Inc.* | 28,267 | ||||
3,500 | Hokuriku Electric Power Co.* | 15,666 | ||||
3,200 | Hydro One, Ltd.(a) | 91,124 | ||||
29,204 | Iberdrola SA | 363,739 | ||||
6,227 | Infratil, Ltd. | 35,861 | ||||
6,700 | Kansai Electric Power Co., Inc. (The) | 65,276 | ||||
7,200 | Kyushu Electric Power Co., Inc.* | 41,078 | ||||
1,800 | Okinawa Electric Power Co., Inc. (The)* | 14,632 | ||||
24,174 | Origin Energy, Ltd. | 133,923 | ||||
744 | Orsted A/S(a) | 63,470 | ||||
12,000 | Power Assets Holdings, Ltd. | 64,301 | ||||
5,809 | Red Electrica Corp SA | 102,173 | ||||
11 | Romande Energie Holding SA, Registered Shares | 13,921 | ||||
5,596 | Scottish & Southern Energy plc | 124,628 | ||||
3,300 | Shikoku Electric Power Co., Inc.* | 18,758 | ||||
13,299 | Terna SpA | 109,139 | ||||
8,300 | Tohoku Electric Power Co., Inc.* | 41,250 | ||||
14,400 | Tokyo Electric Power Co. Holdings, Inc.* | 51,400 | ||||
667 | Verbund AG, Class A | 57,985 | ||||
|
|
|||||
3,268,257 | ||||||
|
|
|||||
Electrical Equipment (1.2%): | ||||||
9,926 | ABB, Ltd. | 340,476 | ||||
3,582 | Accelleron Industries AG* | 84,986 | ||||
138 | Alfen Beheer B.V.*(a) | 10,989 | ||||
6,056 | Ballard Power Systems, Inc.* | 33,791 | ||||
600 | Chiyoda Integre Co., Ltd. | 10,126 | ||||
700 | Daihen Corp. | 23,506 | ||||
1,300 | Denyo Co., Ltd. | 16,722 | ||||
947 | DiscoverIE Group plc | 9,022 | ||||
123 | Energiekontor AG | 8,866 | ||||
5,261 | Fagerhult AB | 31,438 | ||||
1,900 | Fuji Electric Co., Ltd. | 74,983 | ||||
6,500 | Fujikura, Ltd. | 46,142 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Electrical Equipment, continued | ||||||
2,400 | Furukawa Electric Co., Ltd. (The) | $ | 44,714 | |||
1,200 | Futaba Corp. | 4,718 | ||||
485 | GARO AB | 3,580 | ||||
38 | Gavazzi Carlo Holding AG | 12,880 | ||||
1,600 | GS Yuasa Corp. | 28,903 | ||||
3,993 | Hexatronic Group AB | 45,473 | ||||
400 | Hirakawa Hewtech Corp. | 4,615 | ||||
751 | Huber & Suhner AG | 64,444 | ||||
1,600 | Idec Corp./Japan | 41,687 | ||||
3,700 | Legrand SA | 338,405 | ||||
2,000 | Mabuchi Motor Co., Ltd. | 58,271 | ||||
766 | Mersen | 34,213 | ||||
8,600 | Mitsubishi Electric Corp. | 102,725 | ||||
15,831 | NEL ASA* | 21,668 | ||||
1,096 | Nexans SA | 109,188 | ||||
3,400 | Nidec Corp. | 176,508 | ||||
500 | Nippon Carbon Co., Ltd. | 15,478 | ||||
1,500 | Nitto Kogyo Corp. | 29,926 | ||||
1,787 | NKT A/S* | 93,216 | ||||
4,668 | Nordex Se* | 68,411 | ||||
17 | Phoenix Mecano AG | 7,156 | ||||
2,550 | PNE AG | 37,989 | ||||
2,276 | Prysmian SpA | 95,816 | ||||
400 | Sanyo Denki Co., Ltd. | 18,633 | ||||
2,439 | Schneider Electric SA | 407,687 | ||||
200 | SEC Carbon, Ltd. | 13,215 | ||||
2,150 | SGL Carbon SE* | 21,201 | ||||
3,210 | Siemens Energy AG* | 70,454 | ||||
5,778 | Signify NV(a) | 192,638 | ||||
1,000 | Sinfonia Technology Co., Ltd. | 11,945 | ||||
1,500 | SWCC Corp. | 21,539 | ||||
900 | Takaoka Toko Co., Ltd. | 16,005 | ||||
1,055 | Tera Light, Ltd.* | 1,260 | ||||
1,412 | TKH Group NV | 73,632 | ||||
600 | Toyo Tanso Co., Ltd. | 18,662 | ||||
5,200 | Ushio, Inc. | 65,637 | ||||
140 | Varta AG | 3,836 | ||||
4,564 | Vestas Wind Systems A/S | 132,248 | ||||
4,213 | Volex plc | 11,255 | ||||
527 | XP Power, Ltd. | 13,246 | ||||
|
|
|||||
3,224,124 | ||||||
|
|
|||||
Electronic Equipment, Instruments & Components (1.8%): | ||||||
2,100 | A&D HOLON Holdings Co., Ltd. | 22,706 | ||||
600 | Ai Holdings Corp. | 10,406 | ||||
5,560 | Alps Alpine Co., Ltd. | 53,480 | ||||
247 | ALSO Holding AG, Registered Shares | 50,311 | ||||
1,800 | Amano Corp. | 33,987 | ||||
3,300 | Anritsu Corp. | 30,494 | ||||
1,200 | Arisawa Manufacturing Co., Ltd. | 11,370 | ||||
883 | Austria Technologie & Systemte | 27,237 | ||||
1,600 | Azbil Corp. | 43,779 | ||||
868 | Barco N.V. | 25,912 | ||||
675 | Basler AG | 16,287 | ||||
900 | Canon Electronics, Inc. | 12,571 | ||||
1,300 | Canon Marketing Japan, Inc. | 30,987 | ||||
4,904 | Celestica, Inc.* | 63,255 | ||||
157 | Cicor Technologies, Ltd.* | 7,811 | ||||
5,800 | Citizen Watch Co., Ltd. | 34,213 | ||||
3,400 | CMK Corp. | 11,753 |
See accompanying notes to the schedules of portfolio investments.
11
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Electronic Equipment, Instruments & Components, continued | ||||||
3,981 | Codan, Ltd./Australia | $ | 14,571 | |||
339 | Comet Holding AG REG | 94,345 | ||||
19,000 | Cowell e Holdings, Inc.* | 45,774 | ||||
2,700 | Daiwabo Holdings Co., Ltd. | 44,581 | ||||
2,800 | Dexerials Corp. | 57,188 | ||||
4,918 | Dicker Data, Ltd. | 27,035 | ||||
4,443 | Dustin Group AB*(a) | 16,214 | ||||
1,100 | Elematec Corp. | 15,425 | ||||
2,721 | Esprinet SpA | 27,265 | ||||
9,777 | Fingerprint Cards AB* | 3,105 | ||||
900 | First Trust High Yield Opportunities Term Fund | 25,651 | ||||
113,000 | FIT Hon Teng, Ltd.*(a) | 26,574 | ||||
2,100 | Furuno Electric Co., Ltd. | 15,502 | ||||
400 | Hagiwara Electric Co., Ltd. | 10,062 | ||||
500 | Hakuto Co., Ltd. | 18,643 | ||||
2,389 | Halma plc | 65,941 | ||||
2,100 | Hamamatsu Photonics KK | 113,372 | ||||
8,681 | Hexagon AB, Class B | 99,931 | ||||
500 | Hioki EE Corp. | 32,734 | ||||
500 | Hirose Electric Co., Ltd. | 65,430 | ||||
1,200 | Hochiki Corp. | 14,041 | ||||
1,300 | Horiba, Ltd. | 77,961 | ||||
2,600 | Hosiden Corp. | 31,665 | ||||
2,000 | Ibiden Co., Ltd. | 80,250 | ||||
1,122 | Incap OYJ* | 21,916 | ||||
76 | Inficon Holding AG | 82,349 | ||||
400 | I-PEX, Inc. | 4,253 | ||||
300 | Iriso Electronics Co., Ltd. | 11,159 | ||||
2,300 | Japan Aviation Electronics Industry, Ltd. | 40,031 | ||||
1,100 | Japan Cash Machine Co., Ltd. | 10,007 | ||||
1,027 | Jenoptik AG | 34,887 | ||||
1,000 | Kaga Electronics Co., Ltd. | 37,973 | ||||
900 | Keyence Corp. | 441,290 | ||||
1,422 | Kitron ASA | 5,015 | ||||
1,200 | Koa Corp. | 16,761 | ||||
2,100 | Kyocera Corp. | 109,560 | ||||
3,500 | Kyosan Electric Manufacturing Co., Ltd. | 11,243 | ||||
5,339 | Lagercrantz Group AB | 66,938 | ||||
527 | Landis+Gyr Group AG | 40,495 | ||||
24 | Lem Holding SA, Registered Shares | 51,582 | ||||
400 | Maruwa Co., Ltd./Aichi | 55,748 | ||||
1,900 | Maxell Holdings, Ltd. | 22,104 | ||||
900 | Meiko Electronics Co., Ltd. | 20,025 | ||||
978 | Micronic Mydata AB | 24,100 | ||||
2,156 | Midwich Group plc | 13,304 | ||||
5,400 | Murata Manufacturing Co., Ltd. | 329,782 | ||||
6,697 | NCAB Group AB | 39,555 | ||||
267 | Nederland Apparatenfabriek | 16,810 | ||||
2,800 | Nichicon Corp. | 29,287 | ||||
2,200 | Nihon Dempa Kogyo Co., Ltd. | 21,515 | ||||
600 | Nippon Chemi-Con Corp.* | 9,567 | ||||
3,400 | Nippon Electric Glass Co., Ltd. | 65,534 | ||||
3,400 | Nippon Signal Co., Ltd. | 27,318 | ||||
1,800 | Nissha Co., Ltd. | 25,372 | ||||
600 | Nohmi Bosai, Ltd. | 7,671 | ||||
685 | Note AB* | 15,268 | ||||
21,631 | Novonix, Ltd.* | 18,556 | ||||
3,600 | OKI Electric Industry Co., Ltd. | 19,572 | ||||
1,200 | Omron Corp. | 70,221 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Electronic Equipment, Instruments & Components, continued | ||||||
1,200 | Optex Group Co., Ltd. | $ | 18,879 | |||
3,000 | Osaki Electric Co., Ltd. | 12,076 | ||||
1,467 | Oxford Instruments plc | 45,405 | ||||
3,149 | Pricer AB | 4,466 | ||||
324 | Renishaw plc | 16,363 | ||||
1,100 | Restar Holdings Corp. | 18,019 | ||||
600 | Riken Keiki Co., Ltd. | 25,846 | ||||
1,400 | Ryoden Corp. | 19,788 | ||||
1,100 | Ryosan Co., Ltd. | 27,305 | ||||
1,800 | Satori Electric Co., Ltd. | 23,442 | ||||
315 | Sensirion Holding AG*(a) | 34,542 | ||||
221 | Sesa SpA | 29,558 | ||||
400 | Shibaura Electronics Co., Ltd. | 17,828 | ||||
3,500 | Shimadzu Corp. | 109,804 | ||||
1,200 | Shinko Shoji Co., Ltd. | 11,127 | ||||
2,000 | Siix Corp. | 21,381 | ||||
3,256 | Softwareone Holding AG | 46,262 | ||||
1,921 | Spectris plc | 86,722 | ||||
6,120 | Strix Group plc | 7,546 | ||||
2,000 | Sumida Corp. | 25,230 | ||||
700 | Suzuden Corp. | 13,846 | ||||
700 | Tachibana Eletech Co., Ltd. | 10,536 | ||||
3,900 | Taiyo Yuden Co., Ltd. | 131,575 | ||||
2,500 | Tamura Corp. | 15,620 | ||||
10,900 | TDK Corp. | 391,219 | ||||
245 | Telsys, Ltd. | 13,232 | ||||
400 | Tokyo Electron Device, Ltd. | 26,622 | ||||
4,300 | Topcon Corp. | 58,145 | ||||
1,300 | Toyo Corp. | 13,396 | ||||
7,103 | TT Electronics plc | 16,424 | ||||
100 | V Technology Co., Ltd. | 2,120 | ||||
312 | Vaisala OYJ, Class A | 13,461 | ||||
7,600 | Venture Corp., Ltd. | 101,257 | ||||
44,000 | Vstecs Holdings, Ltd. | 25,897 | ||||
2,200 | Yokogawa Electric Corp. | 35,814 | ||||
1,100 | Yokowo Co., Ltd. | 17,396 | ||||
|
|
|||||
4,814,736 | ||||||
|
|
|||||
Energy Equipment & Services (0.4%): | ||||||
7,314 | Akastor ASA* | 7,978 | ||||
5,393 | Aker Solutions ASA | 19,726 | ||||
4,735 | Borr Drilling, Ltd.* | 35,891 | ||||
2,991 | BW Offshore, Ltd. | 8,496 | ||||
3,100 | Calfrac Well Services, Ltd.* | 9,337 | ||||
5,874 | Ces Energy Solutions Corp. | 11,650 | ||||
29,491 | CGG SA* | 22,783 | ||||
4,726 | Computer Modelling Group, Ltd. | 25,391 | ||||
6,058 | Enerflex, Ltd. | 36,089 | ||||
8,606 | Ensign Energy Services, Inc.* | 19,361 | ||||
106,730 | Ezion Holdings, Ltd.*(b) | | ||||
6,704 | Hunting plc | 19,517 | ||||
18,612 | John Wood Group plc* | 46,042 | ||||
15,579 | MMA Offshore, Ltd.* | 12,210 | ||||
1,000 | Modec, Inc.* | 10,554 | ||||
679 | Noble Corp. PLC* | 26,600 | ||||
2,400 | North American Construction Group, Ltd. | 40,033 | ||||
7,269 | Odfjell Drilling, Ltd.* | 18,497 | ||||
1,211 | Odfjell Technology, Ltd.* | 6,121 | ||||
4,150 | Pason Systems, Inc. | 37,253 | ||||
7,745 | Petrofac, Ltd.* | 7,544 |
See accompanying notes to the schedules of portfolio investments.
12
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Energy Equipment & Services, continued | ||||||
21,614 | Petroleum Geo-Services ASA* | $ | 20,183 | |||
518 | Precision Drilling Corp.* | 26,623 | ||||
6,132 | SBM Offshore NV | 90,980 | ||||
174 | Schoeller-Blackman Oilfield Equipment AG | 11,217 | ||||
4,677 | Secure Energy Services, Inc. | 21,840 | ||||
3,900 | ShawCor, Ltd.* | 35,903 | ||||
1,890 | Subsea 7 SA | 22,414 | ||||
6,127 | Technip Energies NV | 130,702 | ||||
1,677 | Tecnicas Reunidas SA* | 18,400 | ||||
1,938 | Tenaris SA | 27,560 | ||||
1,822 | Tenaris SA, ADR | 51,781 | ||||
2,965 | TGS ASA | 53,288 | ||||
900 | Total Energy Services, Inc. | 5,515 | ||||
400 | Toyo Kanetsu KK | 7,925 | ||||
13,311 | Trican Well Service, Inc. | 30,340 | ||||
6,232 | Vallourec SA* | 78,608 | ||||
9,268 | Worley, Ltd. | 89,308 | ||||
|
|
|||||
1,143,660 | ||||||
|
|
|||||
Entertainment (0.5%): | ||||||
800 | Akatsuki, Inc. | 13,447 | ||||
900 | Avex, Inc. | 10,168 | ||||
9,790 | Bollore, Inc. | 60,419 | ||||
2,427 | Borussia Dortmund GMBH & Co. KGaA* | 10,830 | ||||
2,600 | Capcom Co., Ltd. | 93,022 | ||||
4,900 | COLOPL, Inc. | 22,163 | ||||
2,362 | CTS Eventim AG & Co. KGaA* | 147,169 | ||||
1,800 | Daiichikosho Co., Ltd. | 29,707 | ||||
1,900 | DeNA Co., Ltd. | 25,970 | ||||
5,146 | Event Hospitality And Entertainment, Ltd. | 42,039 | ||||
649 | G5 Entertainment AB | 13,404 | ||||
1,590 | Gungho Online Enetertainment, Inc. | 29,108 | ||||
38,000 | IGG, Inc.* | 14,933 | ||||
11,007 | Kahoot! ASA* | 25,240 | ||||
400 | Kinepolis Group NV* | 20,608 | ||||
1,800 | Koei Tecmo Holdings Co., Ltd. | 32,520 | ||||
1,300 | Konami Holdings Corp. | 59,686 | ||||
3,270 | Modern Times Group Mortgage AB* | 23,740 | ||||
1,100 | Nexon Co., Ltd. | 26,266 | ||||
8,200 | Nintendo Co., Ltd. | 317,913 | ||||
1,686 | Rovio Entertainment OYJ(a) | 14,269 | ||||
1,300 | Square Enix Holdings Co., Ltd. | 62,473 | ||||
21,268 | Stillfront Group AB* | 41,124 | ||||
510 | Technicolor Creative Studios SA* | 67 | ||||
100 | Toei Animation Co., Ltd. | 9,953 | ||||
200 | Toei Co., Ltd. | 25,926 | ||||
600 | Toho Co., Ltd. | 22,978 | ||||
2,585 | UbiSoft Entertainment SA* | 68,508 | ||||
6,855 | Universal Music Group NV | 173,271 | ||||
700 | UUUM, Inc.* | 4,013 | ||||
5,570 | WildBrain, Ltd.* | 9,893 | ||||
|
|
|||||
1,450,827 | ||||||
|
|
|||||
Financial Services (0.9%): | ||||||
1,484 | Aareal Bank AG* | 48,623 | ||||
1,439 | ABC arbitrage | 9,471 | ||||
75,136 | AMP, Ltd. | 52,990 | ||||
543 | Aruhi Corp. | 4,370 | ||||
9,449 | Australian Finance Group, Ltd. | 9,416 | ||||
3,396 | Banca Farmafactoring SpA(a) | 33,738 | ||||
1,684 | Banca IFIS SpA | 25,532 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Financial Services, continued | ||||||
6,937 | Banca Mediolanum SpA | $ | 62,998 | |||
4,759 | Burford Capital, Ltd. | 44,283 | ||||
17,310 | Challenger, Ltd. | 72,311 | ||||
6,016 | Deutsche Pfandbriefbank AG(a) | 52,108 | ||||
2,280 | doValue SpA(a) | 15,612 | ||||
5,800 | Ecn Capital Corp. | 12,018 | ||||
800 | eGuarantee, Inc. | 13,139 | ||||
12,359 | Element Fleet Management Corp. | 162,342 | ||||
1,164 | Eurazeo SE | 82,920 | ||||
1,700 | Financial Products Group Co., Ltd. | 14,874 | ||||
1,100 | Firm Capital Mortgage Investment Corp. | 9,134 | ||||
900 | First National Financial Corp. | 25,389 | ||||
700 | Fuyo General Lease Co., Ltd. | 47,632 | ||||
200 | GMO Financial Gate, Inc. | 15,094 | ||||
1,440 | GRENKE AG | 39,838 | ||||
20,600 | G-Resources Group, Ltd. | 5,105 | ||||
16,190 | Helia Group, Ltd. | 31,044 | ||||
2,112 | Home Capital Group, Inc. | 64,549 | ||||
88 | Hypoport SE* | 12,137 | ||||
757 | Illimity Bank SpA* | 5,059 | ||||
800 | Japan Investment Adviser Co., Ltd. | 6,398 | ||||
4,600 | Japan Securities Finance Co., Ltd. | 35,385 | ||||
41,181 | M&G plc | 100,851 | ||||
24,420 | Mitsubishi HC Capital, Inc. | 126,228 | ||||
1,000 | Mizuho Leasing Co., Ltd. | 26,528 | ||||
900 | NEC Capital Solutions, Ltd. | 17,172 | ||||
1,200 | Nuvei Corp.*(a) | 52,287 | ||||
16,085 | Ofx Group, Ltd.* | 17,563 | ||||
7,289 | Omni Bridgeway, Ltd.* | 12,987 | ||||
2,947 | Onex Corp. | 137,787 | ||||
12,100 | ORIX Corp. | 199,583 | ||||
14,873 | OSB Group plc | 88,723 | ||||
10,066 | Paragon Banking Group plc | 64,578 | ||||
4,194 | Plus500, Ltd. | 87,595 | ||||
1,100 | Ricoh Leasing Co., Ltd. | 31,656 | ||||
16,000 | Shandong Hi-Speed Holdings Group, Ltd.* | 10,060 | ||||
3,600 | Timbercreek Financial Corp. | 21,313 | ||||
1,100 | Tokyo Century Corp. | 36,704 | ||||
5,213 | Worldline SA*(a) | 221,528 | ||||
1,600 | Zenkoku Hosho Co., Ltd. | 60,351 | ||||
|
|
|||||
2,327,003 | ||||||
|
|
|||||
Food Products (2.9%): | ||||||
9,302 | A2 Milk Co., Ltd.* | 36,284 | ||||
2,661 | AAK AB | 48,202 | ||||
364 | Agrana Beteiligungs AG | 6,447 | ||||
2,200 | Ajinomoto Co., Inc. | 76,568 | ||||
42,791 | Aryzta AG* | 72,683 | ||||
3,966 | Associated British Foods plc | 95,169 | ||||
772 | Atria OYJ | 9,578 | ||||
2,327 | Austevoll Seafood ASA | 20,873 | ||||
9,834 | Australian Agricultural Co., Ltd.* | 10,136 | ||||
556 | Bakkafrost P/F | 36,060 | ||||
55 | Barry Callebaut AG, Registered Shares | 116,800 | ||||
8,561 | Bega Cheese, Ltd. | 20,804 | ||||
125 | Bell AG* | 38,340 | ||||
854 | Bonduelle S.C.A. | 11,149 | ||||
2,500 | Calbee, Inc. | 52,222 | ||||
2 | Chocoladefabriken Lindt & Spruengli AG | 236,197 | ||||
800 | Chubu Shiryo Co., Ltd. | 6,312 |
See accompanying notes to the schedules of portfolio investments.
13
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Food Products, continued | ||||||
12,278 | Cloetta AB | $ | 25,904 | |||
28,837 | Costa Group Holdings, Ltd. | 50,018 | ||||
1,566 | Cranswick plc | 57,940 | ||||
2,881 | Danone SA | 179,090 | ||||
1,700 | Delfi, Ltd. | 1,449 | ||||
10,007 | Devro plc | 40,486 | ||||
500 | DyDo Group Holdings, Inc. | 18,377 | ||||
2,372 | Ebro Foods SA | 41,971 | ||||
8,471 | Elders, Ltd. | 49,012 | ||||
71 | Emmi AG | 71,377 | ||||
2,100 | Ezaki Glico Co., Ltd. | 52,844 | ||||
108,669 | First Pacific Co., Ltd. | 35,009 | ||||
27,100 | First Resources, Ltd. | 32,156 | ||||
1,616 | Forfarmers NV | 5,716 | ||||
9,500 | Fraser & Neave, Ltd. | 7,714 | ||||
1,700 | Fuji Oil Holdings, Inc. | 24,739 | ||||
1,600 | Fujicco Co., Ltd. | 22,373 | ||||
3,998 | Glanbia plc | 57,923 | ||||
289,700 | Golden Agri-Resources, Ltd. | 62,195 | ||||
17,127 | Greencore Group plc* | 17,190 | ||||
1,502 | Grieg Seafood ASA | 11,767 | ||||
1,100 | High Liner Foods, Inc. | 12,479 | ||||
1,923 | Hilton Food Group plc | 16,465 | ||||
800 | Hokuto Corp. | 11,191 | ||||
1,800 | House Foods Group, Inc. | 38,178 | ||||
15,498 | Inghams Group, Ltd. | 32,471 | ||||
4,700 | Itoham Yonekyu Holdings, Inc. | 24,824 | ||||
300 | Iwatsuka Confectionery Co., Ltd. | 10,675 | ||||
1,642 | JDE Peets NV | 47,756 | ||||
600 | J-Oil Mills, Inc. | 6,891 | ||||
1,800 | Kagome Co., Ltd. | 41,977 | ||||
800 | Kakiyasu Honten Co., Ltd. | 13,415 | ||||
400 | Kameda Seika Co., Ltd. | 13,252 | ||||
700 | Kenko Mayonnaise Co., Ltd. | 6,383 | ||||
180 | Kerry Group plc, Class A | 17,937 | ||||
3,100 | Kewpie Corp. | 52,085 | ||||
1,600 | Kikkoman Corp. | 81,629 | ||||
700 | Kotobuki Spirits Co., Ltd. | 49,698 | ||||
363 | KWS Saat SE | 24,054 | ||||
500 | Kyokuyo Co., Ltd. | 12,921 | ||||
147 | Lassonde Industries, Inc. | 11,348 | ||||
7,030 | Leroy Seafood Group ASA | 36,568 | ||||
19 | Lotus Bakeries | 132,889 | ||||
2,949 | Maple Leaf Foods, Inc. | 57,068 | ||||
1,200 | Marudai Food Co., Ltd. | 13,168 | ||||
2,100 | Maruha Nichiro Corp. | 37,672 | ||||
1,700 | Megmilk Snow Brand Co., Ltd. | 22,633 | ||||
41 | Mehadrin, Ltd.* | 1,273 | ||||
3,200 | Meiji Holdings Co., Ltd. | 76,109 | ||||
800 | Mitsui Sugar Co., Ltd. | 12,281 | ||||
1,300 | Morinaga & Co., Ltd. | 36,838 | ||||
1,100 | Morinaga Milk Industry Co., Ltd. | 39,545 | ||||
3,804 | Mowi ASA | 70,479 | ||||
24,697 | Nestle SA | 3,015,755 | ||||
389 | Neto Malinda Trading, Ltd.* | 7,622 | ||||
2,400 | NH Foods, Ltd. | 69,315 | ||||
3,000 | Nichirei Corp. | 60,634 | ||||
1,200 | Nippn Corp. | 15,029 | ||||
800 | Nippon Beet Sugar Manufacturing Co., Ltd. | 10,080 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Food Products, continued | ||||||
9,800 | Nippon Suisan Kaisha, Ltd. | $ | 40,216 | |||
1,200 | Nisshin Oillio Group, Ltd. (The) | 29,423 | ||||
4,600 | Nisshin Seifun Group, Inc. | 53,835 | ||||
10,000 | Nissin Foods Co., Ltd. | 8,826 | ||||
300 | Nissin Foods Holdings Co., Ltd. | 27,441 | ||||
326 | Orior AG | 28,976 | ||||
11,030 | Orkla ASA, Class A | 78,388 | ||||
30,027 | Premier Foods plc | 45,186 | ||||
1,005 | Premium Brands Holdings Corp. | 74,365 | ||||
1,300 | Prima Meat Packers, Ltd. | 21,601 | ||||
8,255 | Raisio Oyj, Class V | 22,478 | ||||
11,830 | Ridley Corp., Ltd. | 17,458 | ||||
1,300 | Riken Vitamin Co., Ltd. | 18,873 | ||||
4,400 | Rogers Sugar, Inc. | 19,830 | ||||
600 | S Foods, Inc. | 12,913 | ||||
482 | Salmar ASA | 21,047 | ||||
2,346 | Sanford, Ltd. | 6,013 | ||||
1,456 | Saputo, Inc. | 37,679 | ||||
127 | Savencia SA | 8,474 | ||||
3,496 | Scales Corp., Ltd. | 7,081 | ||||
3,767 | Scandi Standard AB* | 18,848 | ||||
476 | Schouw & Co. | 39,916 | ||||
2,919 | Select Harvests, Ltd. | 8,068 | ||||
800 | Showa Sangyo Co., Ltd. | 15,321 | ||||
306 | Sipef SA | 20,284 | ||||
114 | Societe LDC SA | 13,954 | ||||
600 | Starzen Co., Ltd. | 9,854 | ||||
1,353 | Strauss Group, Ltd.* | 30,602 | ||||
3,278 | Suedzucker AG | 55,025 | ||||
2,839 | Synlait Milk, Ltd.* | 3,781 | ||||
9,481 | Tate & Lyle PLC | 91,769 | ||||
700 | Toyo Suisan Kaisha, Ltd. | 29,355 | ||||
580 | UIE PLC | 16,093 | ||||
13,688 | United Malt Grp, Ltd. | 43,589 | ||||
217 | Vilmorin & Cie SA | 10,249 | ||||
1,506 | Viscofan SA | 107,897 | ||||
18,000 | Vitasoy International Holdings, Ltd. | 36,346 | ||||
400 | Warabeya Nichiyo Holdings Co., Ltd. | 5,465 | ||||
285,415 | WH Group, Ltd.(a) | 169,646 | ||||
63,600 | Wilmar International, Ltd. | 201,882 | ||||
600 | Yakult Honsha Co., Ltd. | 43,625 | ||||
1,300 | Yamazaki Baking Co., Ltd. | 15,715 | ||||
|
|
|||||
7,567,048 | ||||||
|
|
|||||
Gas Utilities (0.4%): | ||||||
3,784 | AltaGas, Ltd.^ | 63,090 | ||||
11,063 | APA Group | 75,056 | ||||
6,095 | Ascopiave SpA | 17,617 | ||||
1,871 | Brookfield Infrastructure Corp., Class A | 86,246 | ||||
7,172 | Enagas SA | 137,760 | ||||
154,850 | Hong Kong & China Gas Co., Ltd. | 136,813 | ||||
11,019 | Italgas SpA | 67,303 | ||||
800 | K&O Energy Group, Inc. | 12,764 | ||||
84,623 | Keppel Infrastructure Trust | 33,408 | ||||
2,211 | Naturgy Energy Group SA | 66,546 | ||||
4,400 | Nippon Gas Co., Ltd. | 63,954 | ||||
3,600 | Osaka Gas Co., Ltd. | 59,199 | ||||
2,476 | Rubis SCA | 66,284 | ||||
1,300 | Saibu Gas Co., Ltd. | 17,034 | ||||
1,300 | Shizuoka Gas Co. Ltd. | 11,295 |
See accompanying notes to the schedules of portfolio investments.
14
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Gas Utilities, continued | ||||||
6,089 | Snam SpA | $ | 32,318 | |||
3,450 | Superior Plus Corp. | 28,442 | ||||
2,300 | Toho Gas Co., Ltd. | 42,811 | ||||
3,700 | Tokyo Gas Co., Ltd. | 69,680 | ||||
|
|
|||||
1,087,620 | ||||||
|
|
|||||
Ground Transportation (1.0%): | ||||||
6,379 | ALD SA(a) | 74,944 | ||||
74,632 | Aurizon Holdings, Ltd. | 167,982 | ||||
1,200 | Canadian National Railway Co. | 141,615 | ||||
1,849 | Canadian National Railway Co. | 218,127 | ||||
724 | Canadian Pacific Railway, Ltd. | 55,705 | ||||
700 | Canadian Pacific Railway, Ltd., Class 1 | 53,910 | ||||
700 | Central Japan Railway Co. | 83,583 | ||||
1,200 | Chilled & Frozen Logistics Holdings Co., Ltd. | 11,535 | ||||
66,700 | ComfortDelGro Corp., Ltd. | 59,293 | ||||
1,500 | East Japan Railway Co. | 82,960 | ||||
33,074 | FirstGroup plc | 42,435 | ||||
1,200 | Fukuyama Transporting Co., Ltd. | 32,639 | ||||
1,000 | Hamakyorex Co., Ltd. | 24,392 | ||||
3,400 | Hankyu Hanshin Holdings, Inc. | 100,900 | ||||
1,100 | Ichinen Holdings Co., Ltd. | 10,510 | ||||
206 | Jungfraubahn Holding AG, Registered Shares* | 29,915 | ||||
4,900 | Keikyu Corp. | 46,574 | ||||
700 | Keio Corp. | 24,549 | ||||
1,200 | Keisei Electric Railway Co., Ltd. | 36,950 | ||||
1,783 | Kelsian Group, Ltd. | 6,980 | ||||
1,700 | Kintetsu Group Holdings Co., Ltd. | 54,681 | ||||
2,400 | Kyushu Railway Co. | 53,363 | ||||
400 | Maruzen Showa Unyu Co., Ltd. | 9,734 | ||||
7,711 | MTR Corp., Ltd. | 37,300 | ||||
3,900 | Mullen Group, Ltd. | 42,628 | ||||
3,800 | Nagoya Railroad Co., Ltd. | 58,608 | ||||
1,600 | Nankai Electric Railway Co., Ltd. | 35,360 | ||||
13,705 | National Express Group plc* | 20,572 | ||||
2,200 | Nikkon Holdings Co., Ltd. | 41,184 | ||||
1,300 | Nishi-Nippon Railroad Co., Ltd. | 23,523 | ||||
588 | NTG Nordic Transport Group A/S* | 34,894 | ||||
3,900 | Odakyu Electric Railway Co., Ltd. | 50,648 | ||||
6,796 | Redde Northgate plc | 29,025 | ||||
500 | Sakai Moving Service Co., Ltd. | 17,477 | ||||
2,000 | Sankyu, Inc. | 74,238 | ||||
3,900 | Seibu Holdings, Inc. | 40,000 | ||||
5,100 | Seino Holdings Co., Ltd. | 56,250 | ||||
3,900 | Senko Group Holdings Co., Ltd. | 27,835 | ||||
628 | Sixt SE | 83,502 | ||||
762 | Sixt SE | 61,674 | ||||
1,000 | Sotetsu Holdings, Inc. | 17,120 | ||||
278 | Stef S.A. | 31,656 | ||||
1,198 | TFI International, Inc. | 142,974 | ||||
2,500 | Tobu Railway Co., Ltd. | 59,816 | ||||
3,400 | Tokyu Corp. | 45,223 | ||||
300 | Tonami Holdings Co., Ltd. | 9,329 | ||||
3,913 | Tourism Holdings, Ltd.* | 9,811 | ||||
400 | Trancom Co., Ltd. | 22,363 | ||||
15,330 | Transport International Holdings, Ltd. | 20,677 | ||||
2,100 | West Japan Railway Co. | 86,520 | ||||
|
|
|||||
2,603,483 | ||||||
|
|
|||||
Health Care Equipment & Supplies (1.5%): | ||||||
6,242 | Advanced Medical Solutions Group plc | 17,086 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Health Care Equipment & Supplies, continued | ||||||
5,450 | Alcon, Inc. | $ | 386,791 | |||
1,228 | Alcon, Inc. | 86,623 | ||||
4,955 | Ambu A/S, Class B* | 74,415 | ||||
5,381 | Ansell, Ltd. | 95,649 | ||||
8,347 | Arjo AB, Class B | 32,666 | ||||
2,500 | Asahi Intecc Co., Ltd. | 44,246 | ||||
1,358 | BioMerieux | 143,264 | ||||
362 | Carl Zeiss Meditec AG | 50,272 | ||||
246 | Cellavision AB | 4,394 | ||||
726 | Cochlear, Ltd. | 115,056 | ||||
1,148 | Coloplast A/S, Class B | 151,120 | ||||
251 | Coltene Holding AG | 19,764 | ||||
24,634 | Convatec Group plc(a) | 69,517 | ||||
3,130 | Demant A/S* | 109,854 | ||||
72 | DiaSorin SpA | 7,596 | ||||
509 | Draegerwerk AG & Co. KGaA | 23,379 | ||||
238 | Draegerwerk AG & Co. KGaA | 10,079 | ||||
458 | Eckert & Ziegler AG | 20,622 | ||||
1,278 | El.En. SpA | 16,679 | ||||
4,663 | Elekta AB, Class B | 35,659 | ||||
1,306 | EssilorLuxottica SA | 235,745 | ||||
2,109 | Fisher & Paykel Healthcare Corp., Ltd. | 35,213 | ||||
600 | Fukuda Denshi Co., Ltd. | 19,315 | ||||
2,575 | Getinge AB, Class B | 62,939 | ||||
3,261 | GN Store Nord A/S* | 73,414 | ||||
405 | Guerbet | 8,008 | ||||
800 | Hogy Medical Co., Ltd. | 19,193 | ||||
2,700 | Hoya Corp. | 298,608 | ||||
537 | Ion Beam Applications | 9,313 | ||||
2,000 | Japan Lifeline Co., Ltd. | 13,853 | ||||
2,000 | Jeol, Ltd. | 64,536 | ||||
2,064 | Koninklijke Philips Electronics NV, NYS | 37,874 | ||||
9,412 | Koninklijke Philips NV | 171,808 | ||||
700 | Mani, Inc. | 9,587 | ||||
276 | Medacta Group SA(a) | 30,017 | ||||
849 | Medmix AG(a) | 17,730 | ||||
2,700 | Menicon Co., Ltd. | 57,448 | ||||
10 | Metall Zug AG | 20,722 | ||||
2,400 | Nakanishi, Inc. | 47,631 | ||||
6,757 | Nanosonics, Ltd.* | 23,144 | ||||
1,600 | Nihon Kohden Corp. | 43,365 | ||||
7,100 | Nipro Corp. | 54,665 | ||||
9,100 | Olympus Corp. | 159,833 | ||||
1,800 | Paramount Bed Holdings Co., Ltd. | 32,122 | ||||
2,100 | PHC Holdings Corp. | 22,741 | ||||
15,422 | PolyNovo, Ltd.* | 18,476 | ||||
457 | Revenio Group OYJ | 19,181 | ||||
16,500 | Riverstone Holdings, Ltd. | 7,456 | ||||
645 | Siemens Healthineers AG(a) | 37,093 | ||||
4,212 | Smith & Nephew plc | 58,593 | ||||
1,168 | Smith & Nephew plc, ADR | 32,599 | ||||
898 | Sonova Holding AG | 264,878 | ||||
360 | Stratec Se | 24,470 | ||||
1,335 | Straumann Holding AG, Class R | 200,262 | ||||
2,300 | Sysmex Corp. | 151,007 | ||||
2,300 | Terumo Corp. | 62,099 | ||||
180 | Ypsomed Holding AG | 37,922 | ||||
|
|
|||||
3,997,591 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
15
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued |
| |||||
Health Care Providers & Services (0.8%): |
| |||||
5,100 | Alfresa Holdings Corp. | $ | 65,339 | |||
5,205 | Ambea AB(a) | 18,211 | ||||
2,963 | Amplifon SpA | 102,986 | ||||
400 | Amvis Holdings, Inc. | 9,291 | ||||
400 | Andlauer Healthcare Group, Inc. | 15,097 | ||||
18,908 | Arvida Group, Ltd. | 10,992 | ||||
500 | As One Corp. | 21,277 | ||||
6,164 | Attendo AB*(a) | 17,648 | ||||
700 | BML, Inc. | 16,328 | ||||
20,000 | C-Mer Eye Care Holdings, Ltd.* | 11,703 | ||||
1,805 | CVS Group plc | 41,389 | ||||
1,280 | EBOS Group, Ltd. | 37,285 | ||||
1,000 | Elan Corp. | 7,935 | ||||
15,612 | Estia Health, Ltd. | 27,630 | ||||
4,012 | Extendicare, Inc. | 19,002 | ||||
3,722 | Fagron | 63,514 | ||||
1,400 | France Bed Holdings Co., Ltd. | 11,185 | ||||
6,262 | Fresenius Medical Care AG & Co., KGaA | 265,537 | ||||
5,433 | Fresenius SE & Co. KGaA | 146,442 | ||||
1,738 | Galenica AG(a) | 147,009 | ||||
1,900 | H.U. Group Holdings, Inc. | 38,211 | ||||
20,914 | Healius, Ltd. | 44,406 | ||||
2,572 | Humana AB* | 3,660 | ||||
4,771 | Integral Diagnostics, Ltd. | 9,389 | ||||
1,000 | Japan Medical Dynamic Marketing, Inc. | 7,865 | ||||
2,704 | Korian SA | 20,305 | ||||
225 | Lna Sante | 8,149 | ||||
3,204 | Medical Facilities Corp. | 18,850 | ||||
15,698 | Mediclinic International plc | 96,328 | ||||
1,044 | Medicover AB, Class B | 16,909 | ||||
778 | Medios AG* | 17,172 | ||||
4,700 | Medipal Holdings Corp. | 64,026 | ||||
3,565 | Mediterranean Towers, Ltd.* | 7,036 | ||||
24,681 | Monash IVF Group, Ltd. | 17,702 | ||||
1,110 | NMC Health plc*(b) | | ||||
11,023 | Novolog, Ltd. | 5,559 | ||||
22,733 | Oceania Healthcare, Ltd. | 10,380 | ||||
6,310 | Oriola Oyj, Class B | 9,692 | ||||
46,215 | Raffles Medical Group, Ltd. | 51,911 | ||||
2,704 | Ramsay Health Care, Ltd. | 120,345 | ||||
7,784 | Regis Healthcare, Ltd. | 10,103 | ||||
3,870 | Ryman Healthcare, Ltd. | 12,713 | ||||
2,100 | Ship Healthcare Holdings, Inc. | 38,670 | ||||
59,044 | Sigma Healthcare, Ltd. | 27,707 | ||||
1,900 | Solasto Corp. | 9,120 | ||||
11,422 | Sonic Healthcare, Ltd. | 266,924 | ||||
8,887 | Spire Healthcare Group plc*(a) | 23,323 | ||||
6,836 | Summerset Group Holdings, Ltd. | 37,618 | ||||
1,500 | Suzuken Co., Ltd. | 37,889 | ||||
558 | Synlab AG | 5,796 | ||||
2,544 | Terveystalo OYJ(a) | 19,374 | ||||
176,600 | Thomson Medical Group, Ltd. | 8,919 | ||||
1,800 | Toho Holdings Co., Ltd. | 31,913 | ||||
500 | Tokai Corp./Gifu | 7,480 | ||||
1,400 | Value HR Co., Ltd. | 16,741 | ||||
2,800 | Vital Ksk Holdings, Inc. | 18,905 | ||||
4,200 | Well Health Technologies Corp.* | 15,105 | ||||
|
|
|||||
2,211,995 | ||||||
|
|
Shares | Value | |||||
|
||||||
Common Stocks, continued |
| |||||
Health Care Technology (0.1%): |
| |||||
7,980 | AGFA-Gevaert NV* | $ | 23,367 | |||
1,026 | Ascom Holding AG | 9,067 | ||||
2,600 | Carenet, Inc. | 21,306 | ||||
857 | CompuGroup Medical SE & Co KgaA | 44,068 | ||||
2,389 | Emis Group plc | 44,196 | ||||
3,300 | M3, Inc. | 83,035 | ||||
1,200 | Medical Data Vision Co., Ltd. | 8,242 | ||||
700 | MedPeer, Inc.* | 5,881 | ||||
330 | Nexus AG | 19,612 | ||||
800 | Nnit A/S*(a) | 8,095 | ||||
94 | Pharmagest Interactive | 7,309 | ||||
1,266 | Pro Medicus, Ltd. | 54,425 | ||||
1,213 | Raysearch Laboratories AB* | 9,033 | ||||
1,382 | Sectra AB* | 21,674 | ||||
|
|
|||||
359,310 | ||||||
|
|
|||||
Hotels, Restaurants & Leisure (1.8%): |
| |||||
2,190 | 888 Holdings plc* | 1,403 | ||||
4,410 | Accor SA* | 143,477 | ||||
600 | AEON Fantasy Co., Ltd. | 12,709 | ||||
1,000 | Airtrip Corp. | 19,837 | ||||
1,000 | Arcland Service Holdings Co., Ltd. | 16,946 | ||||
23,206 | Ardent Leisure Group, Ltd. | 9,787 | ||||
5,387 | Aristocrat Leisure, Ltd. | 134,675 | ||||
1,638 | Basic-Fit NV*(a) | 64,688 | ||||
5,465 | Betsson AB, Class B* | 51,977 | ||||
20,000 | Cafe de Coral Holdings, Ltd. | 26,628 | ||||
1,533 | Carnival plc, ADR* | 14,027 | ||||
72,000 | Century City International Holdings, Ltd.* | 2,783 | ||||
970 | Cie des Alpes | 13,491 | ||||
4,935 | Collins Foods, Ltd. | 27,547 | ||||
2,700 | Colowide Co., Ltd. | 39,279 | ||||
3,521 | Compass Group plc | 88,517 | ||||
3,168 | Corporate Travel Management, Ltd. | 38,535 | ||||
6,000 | Create Restaurants Holdings In | 45,779 | ||||
2,300 | Curves Holdings Co., Ltd. | 13,296 | ||||
7,977 | Dalata Hotel Group plc* | 36,252 | ||||
23,538 | Deliveroo plc*(a) | 26,722 | ||||
518 | Delivery Hero SE*(a) | 17,623 | ||||
1,508 | Dominos Pizza Enterprises, Ltd. | 50,677 | ||||
10,911 | Dominos Pizza Group plc | 38,622 | ||||
1,600 | Doutor Nichires Holdings Co., Ltd. | 22,857 | ||||
2,462 | eDreams ODIGEO SA* | 15,174 | ||||
4,906 | Elior Group*(a) | 17,271 | ||||
3,720 | Entain plc | 57,885 | ||||
695 | Evolution AB(a) | 93,287 | ||||
6,500 | Fairwood Holdings, Ltd. | 9,729 | ||||
289 | Fattal Holdings 1998, Ltd.* | 27,062 | ||||
1,933 | Flight Centre Travel Group, Ltd.* | 23,975 | ||||
2,837 | Flutter Entertainment plc* | 515,770 | ||||
2,800 | Food & Life Cos., Ltd. | 73,075 | ||||
12,200 | Fosun Tourism Group*(a) | 15,539 | ||||
1,200 | Fuji Kyuko Co., Ltd. | 39,757 | ||||
557 | Fuller Smith & Turner plc, Class A | 3,195 | ||||
4,000 | Galaxy Entertainment Group, Ltd.* | 26,591 | ||||
200 | Genki Sushi Co., Ltd. | 4,627 | ||||
40,200 | Genting Singapore, Ltd. | 33,897 | ||||
4,574 | Greggs plc | 156,966 | ||||
1,200 | Heiwa Corp. | 23,811 | ||||
2,921 | Hollywood Bowl Group PLC | 8,396 |
See accompanying notes to the schedules of portfolio investments.
16
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Hotels, Restaurants & Leisure, continued | ||||||
18,230 | Hongkong & Shanghai Hotels (The)* | $ | 18,103 | |||
412 | InterContinental Hotels Group plc | 27,067 | ||||
982 | InterContinental Hotels Group plc, ADR | 65,401 | ||||
2,484 | JD Wetherspoon plc* | 21,916 | ||||
868 | Jumbo Interactive, Ltd. | 7,333 | ||||
2,383 | Just Eat Takeaway.com NV*(a) | 45,697 | ||||
1,100 | KFC Holdings Japan, Ltd. | 23,455 | ||||
5,582 | Kindred Group plc | 62,433 | ||||
1,700 | Komeda Holdings Co., Ltd. | 30,184 | ||||
3,200 | Koshidaka Holdings Co., Ltd. | 23,216 | ||||
1,400 | Kyoritsu Maintenance Co., Ltd. | 56,519 | ||||
2,747 | La Francaise des Jeux SAEM(a) | 114,514 | ||||
30,112 | Lottery Corp., Ltd. (The) | 103,408 | ||||
33,812 | Marstons plc* | 15,000 | ||||
1,100 | McDonalds Holdings Co., Ltd. | 45,747 | ||||
23,000 | Melco International Development Ltd.* | 26,547 | ||||
6,149 | Melia Hotels International SA* | 39,782 | ||||
16,400 | MGM China Holdings, Ltd.* | 20,115 | ||||
14,000 | Miramar Hotel & Investment | 21,147 | ||||
11,969 | Mitchells & Butlers plc* | 24,282 | ||||
1,200 | Monogatari Corp. (The) | 24,378 | ||||
613 | MTY Food Group, Inc. | 27,554 | ||||
46,435 | NagaCorp, Ltd.* | 36,330 | ||||
300 | Ohsho Food Service Corp. | 13,626 | ||||
5,176 | On The Beach Group plc*(a) | 9,171 | ||||
2,000 | Oriental Land Co., Ltd. | 68,399 | ||||
2,702 | Pandox AB* | 33,805 | ||||
900 | Pizza Pizza Royalty Corp. | 9,171 | ||||
8,457 | PlayTech plc* | 55,093 | ||||
600 | Pollard Banknote, Ltd. | 10,967 | ||||
12,439 | Rank Group plc* | 11,216 | ||||
1,500 | Resorttrust, Inc. | 23,908 | ||||
4,449 | Restaurant Brands International, Inc. | 298,718 | ||||
3,018 | Restaurant Brands New Zealand, Ltd.^ | 12,704 | ||||
19,755 | Restaurant Group plc (The)* | 9,948 | ||||
9,100 | Round One Corp. | 35,148 | ||||
1,200 | Saint Marc Holdings Co., Ltd. | 15,704 | ||||
3,788 | Sands China, Ltd.* | 13,221 | ||||
5,463 | Scandic Hotels Group AB*(a) | 18,377 | ||||
36,000 | Shangri-La Asia, Ltd.* | 33,909 | ||||
42,585 | SJM Holdings, Ltd.* | 21,129 | ||||
1,360 | SkiStar AB | 16,363 | ||||
29,451 | Sky City Entertainment Group, Ltd. | 44,014 | ||||
6,400 | Skylark Holdings Co., Ltd. | 83,471 | ||||
2,332 | Sodexo SA | 227,801 | ||||
27,285 | SSP Group plc* | 82,836 | ||||
52,261 | Star Entertainment Group, Ltd. (The)* | 49,974 | ||||
91,665 | Tabcorp Holdings, Ltd. | 61,192 | ||||
581 | The Gym Group plc*(a) | 661 | ||||
137 | Tivoli A/S* | 16,081 | ||||
1,000 | TKP Corp.* | 21,648 | ||||
800 | Tokyotokeiba Co., Ltd. | 24,466 | ||||
2,400 | Toridoll Holding Corp. | 49,308 | ||||
1,701 | TUI AG* | 13,158 | ||||
6,523 | Webjet, Ltd.* | 30,727 | ||||
4,231 | Whitbread plc | 156,261 | ||||
26,400 | Wynn Macau, Ltd.* | 25,823 | ||||
1,900 | Yoshinoya Holdings Co., Ltd. | 34,865 | ||||
1,308 | Young & Co.s Brewery plc, Class A | 16,547 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Hotels, Restaurants & Leisure, continued | ||||||
1,515 | Young & Cos Brewery plc | $ | 12,415 | |||
187 | Zeal Network SE | 7,149 | ||||
1,000 | Zensho Holdings Co., Ltd. | 29,638 | ||||
|
|
|||||
4,682,881 | ||||||
|
|
|||||
Household Durables (1.5%): | ||||||
2,091 | Ariston Holding NV | 23,040 | ||||
5,875 | Azorim-Investment Development & Construction Co., Ltd. | 14,694 | ||||
4,812 | Bang & Olufsen A/S* | 6,833 | ||||
29,695 | Barratt Developments plc | 171,440 | ||||
5,441 | Bellway plc | 148,400 | ||||
2,266 | Berkeley Group Holdings plc | 117,544 | ||||
1,566 | Bigben Interactive | 9,023 | ||||
3,728 | Bonava AB | 7,813 | ||||
8,359 | Bovis Homes Group plc | 80,722 | ||||
3,251 | Breville Group, Ltd. | 41,843 | ||||
27,975 | Cairn Home plc | 30,998 | ||||
2,500 | Casio Computer Co., Ltd. | 24,579 | ||||
600 | Chofu Seisakusho Co., Ltd. | 10,091 | ||||
6,556 | Crest Nicholson Holdings plc | 17,674 | ||||
1,076 | DeLonghi | 24,612 | ||||
7,507 | DFS Furniture plc | 12,598 | ||||
1,000 | Dorel Industries, Inc.* | 2,901 | ||||
2,152 | Duni AB* | 19,424 | ||||
6,117 | Electrolux AB, Class B | 74,259 | ||||
1,200 | Es-Con Japan, Ltd. | 7,881 | ||||
2,053 | Fiskars OYJ Abp | 34,959 | ||||
52 | Forbo Holding AG | 75,221 | ||||
1,600 | Fuji Corp., Ltd. | 8,206 | ||||
900 | Fujitsu General, Ltd. | 25,312 | ||||
25,820 | Glenveagh Properties PLC*(a) | 28,028 | ||||
9,000 | Haseko Corp. | 104,592 | ||||
2,710 | Henry Boot plc | 7,454 | ||||
700 | Hoosiers Holdings | 4,369 | ||||
2,100 | Iida Group Holdings Co., Ltd. | 34,271 | ||||
1,084 | JM AB | 18,018 | ||||
10,600 | Jvc Kenwood Corp. | 30,565 | ||||
958 | Kaufman & Broad SA | 28,472 | ||||
700 | Ki-Star Real Estate Co., Ltd. | 21,945 | ||||
1,300 | LEC, Inc. | 7,904 | ||||
540 | Leifheit AG | 10,571 | ||||
43,200 | Man Wah Holdings, Ltd. | 35,786 | ||||
1,659 | Maytronics, Ltd. | 17,725 | ||||
704 | Nacon SA* | 1,668 | ||||
1,363 | Neinor Homes SA(a) | 13,397 | ||||
9,000 | Nikon Corp. | 92,253 | ||||
5,576 | Nobia AB | 9,570 | ||||
1,400 | Open House Co., Ltd. | 52,505 | ||||
39,200 | Panasonic Holdings Corp. | 350,892 | ||||
7,242 | Persimmon plc | 112,615 | ||||
1,200 | Pressance Corp. | 16,204 | ||||
12,387 | Redrow plc | 73,018 | ||||
1,800 | Rinnai Corp. | 44,019 | ||||
567 | Sabaf SpA | 10,020 | ||||
1,300 | Sangetsu Corp. | 21,931 | ||||
908 | SEB SA | 103,636 | ||||
9,500 | Sekisui Chemical Co., Ltd. | 134,779 | ||||
900 | Sekisui House, Ltd. | 18,342 | ||||
5,800 | Sharp Corp. | 41,018 |
See accompanying notes to the schedules of portfolio investments.
17
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Household Durables, continued | ||||||
13,200 | Sony Group Corp. | $ | 1,200,203 | |||
5,900 | Sumitomo Forestry Co., Ltd. | 116,746 | ||||
328 | Surteco Group SE | 6,883 | ||||
1,100 | Tama Home Co., Ltd. | 30,465 | ||||
1,100 | Tamron Co., Ltd. | 26,259 | ||||
105,935 | Taylor Wimpey plc | 156,024 | ||||
805 | The Vitec Group plc | 8,789 | ||||
1,000 | TOA Corp. | 6,236 | ||||
400 | Token Corp. | 24,017 | ||||
1,912 | Victoria plc* | 11,554 | ||||
100 | V-ZUG Holding AG* | 9,041 | ||||
3,849 | YIT OYJ | 10,253 | ||||
|
|
|||||
4,042,104 | ||||||
|
|
|||||
Household Products (0.2%): | ||||||
636 | Essity AB | 18,360 | ||||
3,647 | Essity AB, Class B | 104,330 | ||||
1,173 | Henkel AG & Co. KGaA | 85,292 | ||||
2,400 | Lion Corp. | 25,924 | ||||
14,255 | Mcbride plc* | 4,872 | ||||
3,400 | Pigeon Corp. | 52,594 | ||||
5,635 | PZ Cussons plc | 12,875 | ||||
1,663 | Reckitt Benckiser Group plc | 126,325 | ||||
1,900 | Unicharm Corp. | 78,109 | ||||
|
|
|||||
508,681 | ||||||
|
|
|||||
Independent Power and Renewable Electricity Producers (0.4%): | ||||||
2,302 | 7C Solarparken AG | 9,434 | ||||
1,551 | Boralex, Inc., Class A | 47,231 | ||||
2,600 | Capital Power Corp. | 80,118 | ||||
7,088 | Cloudberry Clean Energy ASA* | 7,753 | ||||
1,098 | Corp ACCIONA Energias Renovables SA* | 42,591 | ||||
13,417 | Drax Group plc | 100,480 | ||||
1,543 | EDP Renovaveis SA | 35,374 | ||||
1,700 | EF-ON, Inc. | 7,986 | ||||
2,700 | Electric Power Development Co., Ltd. | 43,430 | ||||
1,707 | Encavis AG | 29,210 | ||||
2,646 | Energix-Renewable Energies, Ltd. | 7,442 | ||||
949 | Enlight Renewable Energy, Ltd.* | 15,913 | ||||
1,000 | eRex Co., Ltd. | 13,867 | ||||
574 | Greenvolt-Energias Renovaveis SA* | 4,134 | ||||
596 | Grenergy Renovables SA* | 18,173 | ||||
2,055 | Innergex Renewable Energy, Inc. | 22,325 | ||||
690 | Kenon Holdings, Ltd. | 20,362 | ||||
2,011 | Lundin Energy AB | 2,646 | ||||
8,484 | Meridian Energy, Ltd. | 27,905 | ||||
1,170 | Neoen SA(a) | 36,909 | ||||
5,371 | Northland Power, Inc. | 134,662 | ||||
1,351 | OPC Energy, Ltd.* | 10,088 | ||||
1,500 | Polaris Renewable Energy, Inc. | 14,786 | ||||
2,100 | Renova, Inc.* | 31,656 | ||||
4,713 | RWE AG | 202,587 | ||||
1,250 | Scatec ASA(a) | 8,353 | ||||
1,714 | Solaria Energia y Medio Ambiente SA* | 30,877 | ||||
10,042 | Transalta Corp. | 87,839 | ||||
2,200 | Transalta Renewables, Inc. | 20,253 | ||||
882 | Voltalia SA, Registered Shares* | 13,982 | ||||
910 | West Holdings Corp. | 22,310 | ||||
|
|
|||||
1,150,676 | ||||||
|
|
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Industrial Conglomerates (1.0%): | ||||||
182 | Aker ASA, Class A Shares | $ | 11,735 | |||
865 | Bonheur ASA | 19,213 | ||||
1,015 | Chargeurs SA | 17,163 | ||||
8,000 | Chevalier International Holdings Ltd. | 7,114 | ||||
26,430 | CK Hutchison Holdings, Ltd. | 164,120 | ||||
3,331 | DCC plc | 194,378 | ||||
2,000 | Guoco Group, Ltd. | 17,338 | ||||
10,300 | Hitachi, Ltd. | 566,224 | ||||
822 | Indus Holding AG | 22,281 | ||||
515 | Italmobiliare SpA | 14,442 | ||||
3,100 | Jardine Cycle & Carriage, Ltd. | 73,246 | ||||
1,500 | Katakura Industries Co., Ltd. | 21,040 | ||||
1,700 | Keihan Holdings Co., Ltd. | 44,356 | ||||
12,200 | Keppel Corp., Ltd. | 51,720 | ||||
2,456 | Lifco AB, Class B | 52,897 | ||||
60,719 | Melrose Industries plc | 125,128 | ||||
2,900 | Mie Kotsu Group Holdings, Inc. | 12,239 | ||||
5,400 | Nisshinbo Holdings, Inc. | 41,318 | ||||
11,314 | Nolato AB, Class B | 57,396 | ||||
1,300 | Noritsu Koki Co., Ltd. | 22,011 | ||||
69,000 | NWS Holdings, Ltd. | 61,866 | ||||
5,665 | Siemens AG | 916,901 | ||||
7,408 | Smiths Group plc | 156,968 | ||||
5,400 | Tokai Holdings Corp. | 35,580 | ||||
1,700 | Toshiba Corp. | 56,971 | ||||
933 | Volati AB | 8,473 | ||||
|
|
|||||
2,772,118 | ||||||
|
|
|||||
Insurance (4.0%): | ||||||
3,541 | Admiral Group plc | 89,115 | ||||
53,123 | Aegon NV | 228,279 | ||||
6,999 | Ageas NV | 302,537 | ||||
94,240 | AIA Group, Ltd. | 990,241 | ||||
40,863 | Alm Brand A/S | 76,353 | ||||
5,446 | ASR Nederland NV | 217,076 | ||||
6,914 | Assicurazioni Generali SpA | 138,006 | ||||
1,493 | AUB Group, Ltd. | 25,510 | ||||
41,941 | Aviva plc | 209,605 | ||||
14,834 | AXA SA | 453,534 | ||||
999 | Baloise Holding AG | 155,924 | ||||
6,345 | Beazley plc | 46,775 | ||||
4 | Brookfield Reinsurance, Ltd. | 132 | ||||
7,384 | Chesnara plc | 27,352 | ||||
2,213 | Clal Insurance Enterprises Holdings, Ltd.* | 30,166 | ||||
4,898 | Coface SA | 69,372 | ||||
5,800 | Dai-ichi Life Holdings, Inc. | 106,580 | ||||
2,100 | Definity Financial Corp. | 54,812 | ||||
40,384 | Direct Line Insurance Group plc | 68,746 | ||||
82 | E-L Financial Corp., Ltd. | 55,100 | ||||
431 | Fairfax Financial Holdings, Ltd. | 286,684 | ||||
1,054 | FBD Holdings plc | 15,490 | ||||
1,341 | Gjensidige Forsikring ASA^ | 21,986 | ||||
1,300 | Great Eastern Holdings, Ltd. | 17,126 | ||||
4,164 | Great-West Lifeco, Inc. | 110,378 | ||||
1,809 | Grupo Catalana Occidente SA | 57,081 | ||||
383 | Hannover Rueck SE | 74,917 | ||||
4,262 | Harel Insurance Investments & | 36,047 | ||||
817 | Helvetia Holding AG | 114,045 | ||||
7,266 | Hiscox, Ltd. | 99,576 | ||||
3,719 | IA Financial Corp., Inc. | 235,750 |
See accompanying notes to the schedules of portfolio investments.
18
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Insurance, continued | ||||||
506 | IDI Insurance Co., Ltd. | $ | 12,433 | |||
26,665 | Insurance Australia Group, Ltd. | 83,714 | ||||
2,660 | Intact Financial Corp. | 380,742 | ||||
15,800 | Japan Post Holdings Co., Ltd. | 128,576 | ||||
1,900 | Japan Post Insurance Co., Ltd. | 29,667 | ||||
41,528 | Just Group plc | 43,980 | ||||
8,127 | Lancashire Holdings, Ltd. | 55,464 | ||||
82,370 | Legal & General Group plc | 243,597 | ||||
16,597 | Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | 17,872 | ||||
9,983 | Manulife Financial Corp. | 183,215 | ||||
9,385 | Manulife Financial Corp. | 172,309 | ||||
41,493 | Mapfre SA | 83,698 | ||||
40,170 | Medibank Private, Ltd. | 90,448 | ||||
1,055 | Menora Mivtachim Holdings, Ltd. | 21,512 | ||||
16,641 | Migdal Insurance & Financial Holding, Ltd.* | 17,801 | ||||
2,900 | MS&AD Insurance Group Holdings, Inc. | 90,063 | ||||
577 | Muenchener Rueckversicherungs-Gesellschaft AG | 201,782 | ||||
17,747 | NIB Holdings, Ltd. | 83,720 | ||||
8,042 | NN Group NV | 291,756 | ||||
15,729 | Phoenix Group Holdings plc | 106,237 | ||||
4,267 | Phoenix Holdings, Ltd. (The) | 42,586 | ||||
7,474 | Poste Italiane SpA(a) | 76,493 | ||||
1,147 | Protector Forsikring ASA | 15,239 | ||||
2,467 | Prudential plc, ADR | 67,448 | ||||
3,425 | Prudential PLC | 46,834 | ||||
16,200 | QBE Insurance Group, Ltd. | 158,179 | ||||
3,005 | Sabre Insurance Group plc(a) | 4,190 | ||||
3,822 | Saga plc* | 6,294 | ||||
6,847 | Sampo Oyj, Class A | 322,954 | ||||
6,691 | SCOR SA | 152,114 | ||||
445 | Solid Forsakring AB* | 2,806 | ||||
1,400 | Sompo Holdings, Inc. | 55,569 | ||||
9,536 | Steadfast Group, Ltd. | 37,384 | ||||
6,858 | Storebrand ASA | 52,653 | ||||
1,295 | Sun Life Financial, Inc. | 60,476 | ||||
5,328 | Sun Life Financial, Inc. | 248,953 | ||||
18,389 | Suncorp Group, Ltd. | 149,070 | ||||
488 | Swiss Life Holding AG | 300,996 | ||||
4,767 | Swiss Re AG | 490,449 | ||||
5,800 | T&D Holdings, Inc. | 72,058 | ||||
1,726 | Talanx AG | 79,855 | ||||
17,000 | Tokio Marine Holdings, Inc. | 327,817 | ||||
1,482 | Topdanmark A/S* | 79,247 | ||||
1,392 | Trisura Group, Ltd.* | 34,087 | ||||
5,377 | Tryg A/S | 117,432 | ||||
17,380 | Unipol Gruppo Finanziario SpA | 89,391 | ||||
14,182 | UnipolSai Assicurazioni SpA | 35,849 | ||||
4,363 | Uniqa Insurance Group AG | 36,773 | ||||
54 | Vaudoise Assurances Holding SA | 26,757 | ||||
1,859 | Vienna Insurance Group AG Wiener Versicherung Gruppe | 49,911 | ||||
1,796 | Wuestenrot & Wuerttembergische AG | 31,420 | ||||
1,444 | Zurich Insurance Group AG | 691,130 | ||||
|
|
|||||
10,715,295 | ||||||
|
|
|||||
Interactive Media & Services (0.3%): | ||||||
3,192 | Adevinta ASA* | 22,647 | ||||
11,603 | Auto Trader Group plc(a) | 88,421 | ||||
400 | Bengo4.com, Inc.* | 7,340 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Interactive Media & Services, continued | ||||||
575 | Better Collective A/S* | $ | 11,146 | |||
3,553 | carsales.com, Ltd. | 52,892 | ||||
4,900 | Catena Media plc* | 14,945 | ||||
1,200 | Dip Corp. | 32,105 | ||||
5,418 | Domain Holdings Australia, Ltd. | 12,875 | ||||
3,800 | Kakaku.com, Inc. | 52,209 | ||||
1,170 | Karnov Group AB* | 6,127 | ||||
600 | MarkLines Co., Ltd. | 11,521 | ||||
2,000 | mixi, Inc. | 40,214 | ||||
19,082 | Moneysupermarket.com Group plc | 58,638 | ||||
135 | New Work SE | 24,484 | ||||
709 | REA Group, Ltd. | 66,063 | ||||
19,514 | Rightmove plc | 136,041 | ||||
897 | Scout24 AG(a) | 53,211 | ||||
1,787 | Seek, Ltd. | 28,871 | ||||
2,124 | Solocal Group* | 1,021 | ||||
6,000 | Z Holdings Corp. | 17,027 | ||||
|
|
|||||
737,798 | ||||||
|
|
|||||
IT Services (1.8%): | ||||||
5,049 | Addnode Group AB | 60,829 | ||||
114 | Adesso SE | 18,184 | ||||
61 | Adyen NV*(a) | 96,714 | ||||
370 | Allgeier SE | 11,376 | ||||
1,077 | Alten SA | 172,173 | ||||
5,169 | Amadeus IT Group SA* | 346,067 | ||||
733 | Appen, Ltd.* | 1,394 | ||||
400 | Argo Graphics, Inc. | 11,143 | ||||
2,661 | Atea ASA | 32,548 | ||||
4,261 | Atos SE* | 53,164 | ||||
180 | Aubay | 9,239 | ||||
2,500 | Barings Global Short Duration High Yield Fund | 48,697 | ||||
600 | Base Co., Ltd. | 26,200 | ||||
2,362 | Bechtle AG | 112,740 | ||||
1,800 | Bell System24 Holdings, Inc. | 19,649 | ||||
1,490 | Bouvet ASA | 9,183 | ||||
1,473 | Cancom SE | 50,329 | ||||
506 | Capgemini SA | 94,110 | ||||
26,624 | Capita plc* | 12,023 | ||||
1,233 | CGI, Inc.* | 118,701 | ||||
1,200 | CGI, Inc.* | 115,666 | ||||
1,200 | Change Holdings, Inc. | 21,444 | ||||
4,933 | Columbus A/S | 4,626 | ||||
2,655 | Computacenter plc | 70,359 | ||||
5,155 | Computershare, Ltd. | 74,704 | ||||
1,100 | Comture Corp. | 17,280 | ||||
7,824 | Data#3, Ltd. | 38,083 | ||||
500 | Densan System Holdings Co., Ltd. | 10,012 | ||||
700 | Digital Garage, Inc. | 23,086 | ||||
1,400 | DTS Corp. | 34,122 | ||||
8,624 | Econocom Group SA/NV | 27,706 | ||||
2,398 | Edenred | 141,868 | ||||
1,000 | E-Guardian, Inc. | 17,379 | ||||
5,345 | EML Payments, Ltd.* | 1,979 | ||||
558 | Enea AB* | 5,284 | ||||
3,891 | Fdm Group Holdings plc | 34,800 | ||||
348 | Formula Systems 1985, Ltd. | 23,074 | ||||
2,100 | Fujitsu, Ltd. | 283,879 | ||||
2,500 | Future Corp. | 34,541 | ||||
824 | GFT Technologies SE | 31,990 |
See accompanying notes to the schedules of portfolio investments.
19
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
IT Services, continued | ||||||
6,665 | Global Dominion Access SA(a) | $ | 26,100 | |||
700 | GMO Payment Gateway, Inc. | 60,256 | ||||
1,200 | ID Holdings Corp. | 9,061 | ||||
6,083 | Indra Sistemas SA | 82,396 | ||||
1,200 | Infocom Corp. | 21,284 | ||||
900 | Information Services Internati | 35,487 | ||||
2,776 | Iomart Group plc | 4,263 | ||||
1,100 | Itochu Techno-Solutions Corp. | 27,098 | ||||
700 | JBCC Holdings, Inc. | 11,487 | ||||
600 | JIG-SAW, Inc.* | 24,117 | ||||
3,119 | Kainos Group plc | 53,289 | ||||
816 | Knowit AB | 16,257 | ||||
19,489 | Link Administration Holdings, Ltd. | 27,643 | ||||
896 | Matrix It, Ltd. | 15,776 | ||||
300 | Mitsubishi Research Institute | 11,563 | ||||
193 | Nagarro SE* | 19,582 | ||||
7,286 | NCC Group plc | 9,199 | ||||
4,200 | NEC Corp. | 162,176 | ||||
3,500 | NEC Networks & System Integrat | 42,722 | ||||
3,000 | NET One Systems Co., Ltd. | 72,006 | ||||
14,213 | Nexi SpA*(a) | 115,872 | ||||
5,103 | NEXTDC, Ltd.* | 35,977 | ||||
2,300 | Nihon Unisys, Ltd. | 56,473 | ||||
5,956 | Nomura Research Institute, Ltd. | 138,518 | ||||
800 | NS Solutions Corp. | 21,400 | ||||
2,200 | Nsd Co., Ltd. | 39,669 | ||||
5,900 | NTT Data Corp. | 77,606 | ||||
400 | Obic Co., Ltd. | 63,251 | ||||
2,099 | One Software Technologies, Ltd. | 21,398 | ||||
4,539 | Ordina NV | 29,409 | ||||
1,700 | Otsuka Corp. | 60,454 | ||||
2,696 | PayPoint plc | 15,139 | ||||
1,200 | Poletowin Pitcrew Holdings, Inc. | 8,110 | ||||
9,052 | Pushpay Holdings, Ltd.* | 7,866 | ||||
1,400 | Relia, Inc. | 15,394 | ||||
394 | Reply SpA | 49,620 | ||||
1,146 | S&T AG | 23,864 | ||||
2,400 | SCSK Corp. | 35,075 | ||||
105 | Secunet Security Networks AG | 23,175 | ||||
400 | SHIFT, Inc.* | 71,606 | ||||
650 | Shopify, Inc., Class A* | 31,161 | ||||
700 | Shopify, Inc., Class A* | 33,568 | ||||
1,200 | Simplex Holdings, Inc. | 22,183 | ||||
510 | Societe Pour lInformatique Industrielle | 27,769 | ||||
800 | Softbank Technology Corp. | 12,020 | ||||
5,347 | Softcat plc | 85,877 | ||||
566 | Sopra Steria Group | 119,052 | ||||
52,000 | Sunevision Holdings, Ltd. | 29,664 | ||||
1,200 | TDC Soft, Inc. | 13,504 | ||||
1,700 | TechMatrix Corp. | 19,127 | ||||
2,200 | TELUS International Cda, Inc.* | 44,462 | ||||
2,731 | Tieto OYJ | 85,698 | ||||
3,300 | TIS, Inc. | 87,238 | ||||
1,000 | TKC Corp. | 27,752 | ||||
700 | Transcosmos, Inc. | 16,572 | ||||
500 | Uchida Yoko Co., Ltd. | 18,591 | ||||
315 | Wavestone | 15,204 | ||||
573 | Wiit SpA | 12,487 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
IT Services, continued | ||||||
3,266 | Wise plc, Class A* | $ | 21,983 | |||
|
|
|||||
4,681,895 | ||||||
|
|
|||||
Leisure Products (0.4%): | ||||||
26,132 | Apollo Tactical Income Fund, Inc. | 40,456 | ||||
5,400 | Bandai Namco Holdings, Inc. | 116,317 | ||||
1,496 | Beneteau SA | 25,044 | ||||
906 | BRP, Inc. | 70,908 | ||||
1,042 | Catana Group | 7,781 | ||||
1,377 | Games Workshop Group plc | 164,167 | ||||
1,000 | Globeride, Inc. | 18,724 | ||||
874 | Harvia OYJ | 20,856 | ||||
500 | Mars Group Holdings Corp. | 11,509 | ||||
877 | MIPS AB | 44,286 | ||||
800 | Mizuno Corp. | 18,809 | ||||
800 | Roland Corp. | 24,175 | ||||
1,400 | Sankyo Co., Ltd. | 58,454 | ||||
376 | Sanlorenzo SpA/Ameglia | 16,317 | ||||
1,700 | Sega Sammy Holdings, Inc. | 32,281 | ||||
800 | Shimano, Inc. | 138,799 | ||||
1,400 | Snow Peak, Inc. | 21,581 | ||||
700 | Spin Master Corp.(a) | 19,462 | ||||
3,815 | Technogym SpA(a) | 33,954 | ||||
3,315 | Thule Group AB (The)(a) | 81,735 | ||||
3,300 | Tomy Co., Ltd. | 36,927 | ||||
700 | Universal Entertainment Corp.* | 13,018 | ||||
1,100 | Yamaha Corp. | 42,461 | ||||
3,500 | Yonex Co., Ltd. | 38,035 | ||||
|
|
|||||
1,096,056 | ||||||
|
|
|||||
Life Sciences Tools & Services (0.4%): | ||||||
4,332 | Addlife AB, Class B | 39,372 | ||||
840 | Biotage AB | 10,716 | ||||
900 | CellSource Co., Ltd.* | 21,204 | ||||
315 | Chemometec A/S* | 18,052 | ||||
600 | Cmic Holdings Co., Ltd. | 9,390 | ||||
878 | Ergomed PLC* | 11,091 | ||||
4,136 | Eurofins Scientific SE | 277,484 | ||||
653 | Gerresheimer AG | 64,555 | ||||
354 | Lonza Group AG | 212,977 | ||||
697 | Medcap AB* | 17,129 | ||||
2,639 | Qiagen NV* | 121,209 | ||||
818 | QIAGEN NV* | 37,180 | ||||
252 | Sartorius AG | 105,760 | ||||
211 | Sartorius Stedim Biotech | 64,830 | ||||
1,600 | Shin Nippon Biomedical Laborat | 33,284 | ||||
62 | Siegfried Holding AG | 45,668 | ||||
|
|
|||||
1,089,901 | ||||||
|
|
|||||
Machinery (4.2%): | ||||||
3,402 | Aalberts NV | 160,471 | ||||
600 | Ag Growth International, Inc. | 27,227 | ||||
2,600 | Aichi Corp. | 15,644 | ||||
2,100 | Aida Engineering, Ltd. | 12,981 | ||||
781 | Alfa Laval AB | 27,917 | ||||
3,214 | Alimak Group AB(a) | 22,911 | ||||
900 | Alinco, Inc. | 7,174 | ||||
9,615 | Alstom SA | 262,680 | ||||
8,100 | Amada Holdings Co., Ltd. | 75,980 | ||||
1,932 | Andritz AG | 130,716 | ||||
2,000 | Anest Iwata Corp. | 15,187 |
See accompanying notes to the schedules of portfolio investments.
20
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Machinery, continued | ||||||
2,700 | Asahi Diamond Industrial Co., Ltd. | $ | 19,120 | |||
20,220 | Atlas Copco AB, Class A | 256,453 | ||||
11,750 | Atlas Copco AB, Class B | 135,151 | ||||
2,149 | Ats Corp.* | 89,996 | ||||
1,300 | Bando Chemical Industries, Ltd. | 10,419 | ||||
1,230 | Beijer Alma AB | 24,489 | ||||
6,881 | Bodycote plc | 55,376 | ||||
310 | Bucher Industries AG | 144,980 | ||||
104 | Burckhardt Compression Holding AG | 64,627 | ||||
56 | Bystronic AG | 40,504 | ||||
1,043 | Cargotec OYJ | 50,814 | ||||
2,300 | CKD Corp. | 37,504 | ||||
10,416 | CNH Industrial NV | 159,322 | ||||
1,023 | Concentric AB | 20,943 | ||||
1,110 | Construcc y Aux de Ferrocarr SA | 30,824 | ||||
381 | Daetwyler Holding AG | 78,601 | ||||
4,500 | Daifuku Co., Ltd. | 83,456 | ||||
8,219 | Daimler Truck Holding AG* | 277,554 | ||||
2,100 | Daiwa Industries, Ltd. | 21,992 | ||||
745 | Danieli & C Officine Meccaniche SpA | 19,775 | ||||
1,585 | Danieli & C Officine Meccaniche SpA | 31,459 | ||||
4,300 | DMG Mori Co., Ltd. | 72,637 | ||||
2,392 | Duerr AG | 85,704 | ||||
2,700 | Ebara Corp. | 125,623 | ||||
6,740 | Electrolux Professional AB, Class B | 35,295 | ||||
6,897 | Epiroc AB, Class A | 136,999 | ||||
4,081 | Epiroc AB, Class B | 69,590 | ||||
2,000 | FANUC Corp. | 72,128 | ||||
342 | Feintool International Holding AG | 8,693 | ||||
19,282 | Fincantieri SpA* | 12,393 | ||||
2,271 | FLSmidth & Co. A/S | 86,721 | ||||
3,291 | Fluidra SA | 58,020 | ||||
13,800 | Frencken Group, Ltd. | 11,832 | ||||
2,000 | Fuji Corp. | 33,871 | ||||
500 | Fukushima Galilei Co., Ltd. | 18,068 | ||||
1,700 | Furukawa Co., Ltd. | 16,419 | ||||
4,671 | GEA Group AG | 212,532 | ||||
2,556 | Georg Fischer AG | 198,914 | ||||
371 | Gesco SE | 10,621 | ||||
2,000 | Glory, Ltd. | 43,729 | ||||
1,300 | Harmonic Drive Systems, Inc. | 43,237 | ||||
16,185 | Heidelberger Druckmaschinen AG* | 29,948 | ||||
5,448 | Hexagon Composites ASA* | 17,340 | ||||
9,100 | Hino Motors, Ltd.* | 38,125 | ||||
500 | Hirata Corp. | 25,949 | ||||
1,200 | Hisaka Works, Ltd. | 8,101 | ||||
3,600 | Hitachi Construction Machinery Co., Ltd. | 83,918 | ||||
5,600 | Hitachi Zosen Corp. | 36,729 | ||||
400 | Hoshizaki Corp. | 14,755 | ||||
1,000 | Hosokawa Micron Corp. | 21,916 | ||||
679 | Husqvarna AB, Class A Shares | 5,881 | ||||
7,480 | Husqvarna AB, Class B | 65,020 | ||||
5,700 | IHI Corp. | 143,023 | ||||
8,265 | IMI plc | 156,463 | ||||
4,075 | Indutrade AB | 86,601 | ||||
879 | Interpump Group SpA | 49,439 | ||||
24 | Interroll Holding AG, Registered Shares | 86,237 | ||||
1,300 | Iseki & Co., Ltd. | 11,701 | ||||
8,499 | Iveco Group NV* | 80,590 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Machinery, continued | ||||||
500 | Japan Steel Works, Ltd. (The) | $ | 9,391 | |||
699 | JOST Werke AG(a) | 36,859 | ||||
3,700 | Juki Corp. | 17,479 | ||||
2,224 | Jungheinrich AG | 77,552 | ||||
317 | Kardex Holding AG | 68,715 | ||||
900 | Kato Works Co., Ltd. | 7,063 | ||||
6,300 | Kawasaki Heavy Industries, Ltd. | 137,866 | ||||
3,210 | Kion Group AG | 123,989 | ||||
400 | Kitagawa Iron Works Co., Ltd. | 3,253 | ||||
5,100 | Kitz Corp. | 35,782 | ||||
1,934 | Knorr-Bremse AG | 128,555 | ||||
572 | Koenig & Bauer AG* | 12,013 | ||||
14,200 | Komatsu, Ltd. | 352,327 | ||||
184 | Komax Holding AG | 51,589 | ||||
2,900 | Komori Corp. | 21,760 | ||||
5,032 | Kone Oyj, Class B | 262,458 | ||||
1,994 | Konecranes OYJ | 66,797 | ||||
187 | Krones AG | 22,063 | ||||
4,500 | Kubota Corp. | 68,174 | ||||
1,600 | Kurita Water Industries, Ltd. | 73,231 | ||||
1,000 | Kyokuto Kaihatsu Kogyo Co., Ltd. | 12,215 | ||||
1,200 | Maezawa Kyuso Industries Co., Ltd. | 8,689 | ||||
700 | Makino Milling Machine Co., Ltd. | 25,733 | ||||
2,500 | Makita Corp. | 62,193 | ||||
586 | Manitou Bf SA | 13,663 | ||||
800 | Max Co., Ltd. | 12,838 | ||||
896 | McPhy Energy SA* | 12,553 | ||||
1,800 | Meidensha Corp. | 26,183 | ||||
297 | Meier Tobler Group AG | 15,209 | ||||
800 | Metawater Co., Ltd. | 10,452 | ||||
20,531 | Metso Outotec Oyj | 223,910 | ||||
5,432 | MINEBEA MITSUMI, Inc. | 103,716 | ||||
3,100 | Misumi Group, Inc. | 78,001 | ||||
4,800 | Mitsubishi Heavy Industries, Ltd. | 177,011 | ||||
1,000 | Mitsubishi Logisnext Co., Ltd. | 7,120 | ||||
700 | Mitsuboshi Belting Co., Ltd. | 20,829 | ||||
2,900 | Mitsui E&S Co., Ltd.* | 9,125 | ||||
1,100 | Miura Co., Ltd. | 28,143 | ||||
10,151 | Morgan Advanced Materials plc | 35,513 | ||||
1,500 | Morita Holdings Corp. | 15,085 | ||||
900 | Nabtesco Corp. | 22,116 | ||||
800 | Nachi-Fujikoshi Corp. | 23,897 | ||||
2,000 | Namura Shipbuilding Co., Ltd.* | 5,269 | ||||
1,456 | NFI Group, Inc. | 8,868 | ||||
8,900 | NGK Insulators, Ltd. | 117,835 | ||||
2,300 | Nikkiso Co., Ltd. | 16,341 | ||||
1,267 | Nilfisk Holding A/S* | 24,949 | ||||
3,900 | Nippon Thompson Co., Ltd. | 17,173 | ||||
400 | Nissei ASB Machine Co., Ltd. | 11,855 | ||||
800 | Nitta Corp. | 17,736 | ||||
500 | Nitto Kohki Co., Ltd. | 6,842 | ||||
1,900 | Nitto Seiko Co., Ltd. | 8,136 | ||||
300 | Noritake Co., Ltd. | 10,404 | ||||
995 | Norma Group SE | 23,482 | ||||
7,700 | NSK, Ltd. | 44,055 | ||||
14,800 | NTN Corp. | 37,789 | ||||
400 | Obara Group, Inc. | 11,960 | ||||
4,495 | OC Oerlikon Corp. AG | 25,343 | ||||
1,700 | Oiles Corp. | 21,570 |
See accompanying notes to the schedules of portfolio investments.
21
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Machinery, continued | ||||||
400 | Okamoto Machine Tool Works, Ltd. | $ | 16,022 | |||
600 | Okuma Corp. | 26,885 | ||||
1,600 | Organo Corp. | 43,703 | ||||
2,800 | OSG Corp. | 42,173 | ||||
692 | Palfinger AG* | 21,623 | ||||
174 | Pfeiffer Vacuum Technology AG | 29,328 | ||||
150 | Plasson Industries, Ltd. | 6,002 | ||||
122 | Rational AG | 81,647 | ||||
70 | Rieter Holding AG | 7,351 | ||||
16,905 | Rotork plc | 65,886 | ||||
1,800 | Ryobi, Ltd. | 20,989 | ||||
9,972 | Sandvik AB | 211,997 | ||||
232 | Schindler Holding AG, Registered Shares | 49,006 | ||||
797,303 | Sembcorp Marine, Ltd.* | 71,425 | ||||
933 | SFS Group AG | 121,245 | ||||
1,100 | Shibaura Machine Co., Ltd. | 26,254 | ||||
1,200 | Shima Seiki Manufacturing, Ltd. | 17,122 | ||||
1,900 | Shinmaywa Industries, Ltd. | 16,953 | ||||
78,000 | Singamas Container Holdings, Ltd. | 6,178 | ||||
2,200 | Sintokogio, Ltd. | 13,856 | ||||
3,528 | Skellerup Holdings, Ltd. | 11,548 | ||||
892 | SKF AB | 17,640 | ||||
2,289 | SKF AB, Class B^ | 45,185 | ||||
200 | SMC Corp. | 106,051 | ||||
2,300 | Sodick Co., Ltd. | 13,218 | ||||
333 | Spirax-Sarco Engineering plc | 48,861 | ||||
433 | Stabilus SE | 30,232 | ||||
2,397 | Stadler Rail AG | 93,662 | ||||
1,600 | Star Micronics Co., Ltd. | 21,817 | ||||
849 | Sulzer AG, Registered Shares | 71,986 | ||||
4,000 | Sumitomo Heavy Industries, Ltd. | 98,106 | ||||
3,900 | Tadano, Ltd. | 30,833 | ||||
900 | Takeuchi Manufacturing Co., Ltd. | 19,976 | ||||
1,300 | Takuma Co., Ltd. | 13,063 | ||||
3,680 | Talgo SA(a) | 12,483 | ||||
478 | Technotrans SE | 14,523 | ||||
19,687 | Techtronic Industries Co., Ltd. | 214,939 | ||||
1,000 | Teikoku Electric Manufacturing Co., Ltd. | 18,542 | ||||
3,900 | THK Co., Ltd. | 90,263 | ||||
2,100 | Tocalo Co., Ltd. | 20,622 | ||||
1,400 | Torishima Pump Manufacturing Co., Ltd. | 16,652 | ||||
1,100 | Toyota Industries Corp. | 61,261 | ||||
2,304 | Trelleborg AB | 65,571 | ||||
1,098 | Troax Group AB | 22,871 | ||||
1,100 | Tsubaki Nakashima Co., Ltd. | 7,974 | ||||
1,400 | Tsubakimoto Chain Co. | 34,080 | ||||
1,800 | Tsugami Corp. | 19,582 | ||||
1,200 | Tsukishima Holdings Co., Ltd. | 9,888 | ||||
600 | Tsurumi Manufacturing Co., Ltd. | 9,415 | ||||
700 | Union Tool Co. | 17,436 | ||||
3,461 | Valmet Corp. | 112,341 | ||||
754 | VAT Group AG(a) | 272,468 | ||||
1,074 | VBG Group AB, Class B | 17,862 | ||||
9,855 | Vesuvius plc | 50,423 | ||||
2,311 | Volvo AB, Class A | 49,816 | ||||
23,536 | Volvo AB, Class B^ | 485,633 | ||||
229 | Vossloh AG | 10,636 | ||||
1,416 | Wacker Neuson SE | 29,648 | ||||
6,324 | Wartsila Oyj Abp, Class B | 59,799 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Machinery, continued | ||||||
560 | Washtec AG | $ | 24,801 | |||
574 | Weir Group plc (The) | 13,168 | ||||
3,000 | Yamabiko Corp. | 29,890 | ||||
104,900 | Yangzijiang Shipbuilding Holdings, Ltd. | 95,047 | ||||
2,600 | Yaskawa Electric Corp. | 113,935 | ||||
|
|
|||||
11,177,118 | ||||||
|
|
|||||
Marine Transportation (0.6%): | ||||||
33 | A.P. Moeller - Maersk A/S, Class A | 58,436 | ||||
40 | A.P. Moeller - Maersk A/S, Class B | 72,497 | ||||
1,600 | Algoma Central Corp. | 18,649 | ||||
3,578 | American Shipping Co. ASA | 14,190 | ||||
556 | Clarkson plc | 21,228 | ||||
894 | D/S Norden A/S | 60,041 | ||||
1,478 | DFDS A/S | 59,789 | ||||
3,255 | Golden Ocean Group, Ltd. | 30,740 | ||||
2,226 | Golden Ocean Group, Ltd. | 21,022 | ||||
426 | Hapag-Lloyd AG^(a) | 139,511 | ||||
3,300 | Iino Kaiun Kaisha, Ltd. | 25,080 | ||||
5,897 | Irish Continental Group | 27,924 | ||||
2,300 | Japan Transcity Corp. | 10,619 | ||||
2,700 | Kawasaki Kisen Kaisha, Ltd. | 61,815 | ||||
867 | Kuehne + Nagel International AG | 258,819 | ||||
5,100 | Mitsui O.S.K. Lines, Ltd. | 127,638 | ||||
19,192 | MPC Container Ships As | 30,587 | ||||
8,700 | Nippon Yusen KK | 203,318 | ||||
600 | NS United Kaiun Kaisha, Ltd. | 18,680 | ||||
185,000 | Pacific Basin Shipping, Ltd. | 71,823 | ||||
52,000 | SITC International Holdings Co., Ltd. | 111,760 | ||||
1,067 | Stolt-Nielsen, Ltd. | 34,029 | ||||
4,623 | Wallenius Wilhelmsen ASA | 33,529 | ||||
|
|
|||||
1,511,724 | ||||||
|
|
|||||
Media (1.1%): | ||||||
1,150 | 4imprint Group plc | 68,594 | ||||
3,715 | Aimia, Inc.* | 10,035 | ||||
996 | Alma Media Oyj* | 9,990 | ||||
65 | APG SGA SA | 12,623 | ||||
14,475 | Arnoldo Mondadori Editore SpA | 30,707 | ||||
12,859 | Ascential plc* | 38,244 | ||||
4,886 | Atresmedia Corp. de Medios de Comuicacion SA | 18,434 | ||||
1,951 | Bloomsbury Publishing plc | 10,732 | ||||
701 | Cogeco Communications, Inc. | 34,150 | ||||
400 | Cogeco, Inc. | 18,006 | ||||
5,394 | Corus Entertainment, Inc. | 6,866 | ||||
11,300 | Cyberagent, Inc. | 95,806 | ||||
3,000 | Dentsu Group, Inc. | 105,673 | ||||
2,100 | Direct Marketing MiX, Inc. | 21,592 | ||||
5,775 | Eutelsat Communications SA | 38,561 | ||||
2,800 | Fuji Media Holdings, Inc. | 25,271 | ||||
598 | Future plc | 8,576 | ||||
2,300 | Gakken Holdings Co., Ltd. | 14,790 | ||||
3,200 | Hakuhodo DY Holdings, Inc. | 36,269 | ||||
8,376 | HT&E, Ltd. | 6,328 | ||||
8,773 | Hyve Group plc* | 12,193 | ||||
15,821 | Informa plc | 135,177 | ||||
2,000 | Intage Holdings, Inc. | 23,439 | ||||
1,459 | Ipsos | 90,393 | ||||
162,339 | ITV plc | 166,460 | ||||
9,582 | Ive Group, Ltd. | 15,865 | ||||
2,708 | JCDecaux SA* | 56,850 |
See accompanying notes to the schedules of portfolio investments.
22
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Media, continued | ||||||
1,600 | Kadokawa Corp. | $ | 34,136 | |||
2,312 | Kin And Carta plc* | 2,208 | ||||
1,664 | M6 Metropole Television SA | 27,002 | ||||
1,300 | Macromill, Inc. | 9,218 | ||||
47,049 | MFE-MediaForEurope NV, Class A | 21,665 | ||||
10,230 | MFE-MediaForEurope NV, Class B | 6,987 | ||||
3,263 | Next Fifteen Communications Group PLC | 33,794 | ||||
58,186 | Nine Entertainment Co. Holdings, Ltd. | 77,065 | ||||
1,944 | Nordic Entertainment Group AB, Class B* | 49,645 | ||||
1,307 | NRJ Group | 9,694 | ||||
19,083 | Ooh!media, Ltd. | 20,801 | ||||
2,872 | Pearson plc, ADR | 30,012 | ||||
602 | Perion Network, Ltd.* | 23,343 | ||||
68,000 | PICO Far East Holdings, Ltd. | 12,170 | ||||
7,255 | ProSiebenSat.1 Media SE | 73,649 | ||||
1,300 | Proto Corp. | 11,611 | ||||
3,438 | Publicis Groupe SA | 268,571 | ||||
2,826 | Quebecor, Inc., Class B | 69,871 | ||||
12,118 | Reach plc | 11,246 | ||||
1,470 | RTL Group | 72,476 | ||||
10,874 | S4 Capital plc* | 21,881 | ||||
3,469 | Sanoma OYJ | 30,525 | ||||
1,693 | Schibsted ASA, Class A | 28,759 | ||||
1,366 | Schibsted ASA, Class B | 21,912 | ||||
14,802 | SES Global, Class A | 97,062 | ||||
60,999 | Seven West Media, Ltd.* | 16,978 | ||||
7,456 | Shaw Communications, Inc. | 223,009 | ||||
6,212 | Sky Network Television, Ltd. | 9,790 | ||||
7,900 | SKY Perfect JSAT Holdings, Inc. | 30,875 | ||||
4,175 | Societe Television Francaise 1 | 36,843 | ||||
15,013 | Southern Cross Media Group, Ltd. | 8,739 | ||||
1,563 | Stroeer SE & Co. KGaA | 82,477 | ||||
1,900 | TBS Holdings, Inc. | 27,348 | ||||
1,294 | Telenet Group Holding NV | 29,464 | ||||
15,000 | Television Broadcasts, Ltd.* | 18,945 | ||||
1,400 | TV Asahi Holdings Corp. | 15,956 | ||||
500 | TV Tokyo Holdings Corp. | 9,359 | ||||
232 | TX Group AG | 27,147 | ||||
1,000 | ValueCommerce Co., Ltd. | 12,925 | ||||
21,709 | Vivendi Universal SA | 219,119 | ||||
500 | Wowow, Inc. | 4,731 | ||||
7,345 | WPP plc | 87,128 | ||||
700 | Zenrin Co., Ltd. | 4,412 | ||||
|
|
|||||
3,042,172 | ||||||
|
|
|||||
Metals & Mining (6.0%): | ||||||
8,744 | Acerinox SA | 90,066 | ||||
1,039 | Agnico Eagle Mines, Ltd. | 52,958 | ||||
5,849 | Agnico Eagle Mines, Ltd. | 298,228 | ||||
400 | Aichi Steel Corp. | 7,080 | ||||
11,590 | Alamos Gold, Inc., Class A | 141,519 | ||||
41,565 | Alkane Resources,, Ltd.* | 21,997 | ||||
2,048 | Alleima AB* | 10,128 | ||||
11,725 | Allkem, Ltd.* | 93,899 | ||||
1,400 | Altius Minerals Corp. | 23,819 | ||||
50,390 | Alumina, Ltd. | 49,477 | ||||
723 | Amg Advanced Metallurgical Group N.V. | 30,838 | ||||
18,228 | Anglo American plc | 603,202 | ||||
2,689 | Antofagasta plc | 52,609 | ||||
2,415 | Aperam SA | 90,488 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Metals & Mining, continued | ||||||
63,634 | Arafura Rare Earths,, Ltd.* | $ | 21,209 | |||
2,276 | ArcelorMittal SA, NYS | 68,553 | ||||
6,589 | ArcelorMittal SA | 199,784 | ||||
12,400 | Argonaut Gold, Inc.* | 5,781 | ||||
3,700 | Asahi Holdings, Inc. | 56,480 | ||||
16,100 | Ascot Resources, Ltd.* | 8,221 | ||||
85,942 | Aurelia Metals, Ltd.* | 7,234 | ||||
1,034 | Aurubis AG | 95,413 | ||||
25,622 | AVZ Minerals, Ltd.* | 2,687 | ||||
30,615 | B2Gold Corp. | 120,983 | ||||
11,685 | Barrick Gold Corp. | 216,959 | ||||
1,629 | Bekaert NV | 73,685 | ||||
29,659 | Bellevue Gold, Ltd.* | 25,286 | ||||
6,728 | BHP Group, Ltd., ADR | 426,623 | ||||
38,377 | BHP Group, Ltd. | 1,216,966 | ||||
15,100 | BlueScope Steel, Ltd. | 204,563 | ||||
5,243 | Boliden AB | 206,288 | ||||
4,719 | Capricorn Metals, Ltd.* | 14,936 | ||||
10,300 | Capstone Copper Corp.* | 46,496 | ||||
52,864 | Centamin plc | 67,823 | ||||
9,300 | Centerra Gold, Inc. | 60,082 | ||||
8,967 | Central Asia Metals plc | 26,236 | ||||
11,257 | Champion Iron, Ltd. | 53,889 | ||||
16,254 | China Gold International Resources Corp., Ltd. | 58,939 | ||||
15,400 | Copper Mountain Mining Corp.* | 24,958 | ||||
1,000 | Daido Steel Co., Ltd. | 39,375 | ||||
1,400 | Daiki Aluminium Industry Co., Ltd. | 15,144 | ||||
23,794 | De Grey Mining, Ltd.* | 24,568 | ||||
11,513 | Deterra Royalties, Ltd. | 37,068 | ||||
2,200 | DOWA Mining Co. | 70,711 | ||||
11,000 | Dundee Precious Metals, Inc. | 80,263 | ||||
8,162 | Eldorado Gold Corp.* | 84,562 | ||||
6,493 | Endeavour Mining plc | 156,499 | ||||
3,800 | Endeavour Silver Corp.* | 14,679 | ||||
13,107 | Equinox Gold Corp.* | 67,315 | ||||
481 | Eramet | 50,248 | ||||
2,899 | Ero Copper Corp.* | 51,295 | ||||
66,946 | Evolution Mining, Ltd. | 138,838 | ||||
7,778 | EVRAZ plc*(b) | | ||||
7,330 | Ferrexpo plc | 10,650 | ||||
6,600 | First Majestic Silver Corp. | 47,621 | ||||
10,562 | First Quantum Minerals, Ltd. | 242,849 | ||||
16,739 | Fortescue Metals Group, Ltd. | 251,663 | ||||
7,300 | Fortuna Silver Mines, Inc.* | 27,821 | ||||
901 | Franco-Nevada Corp. | 131,439 | ||||
6,213 | Fresnillo plc | 57,167 | ||||
8,215 | Galiano Gold, Inc.* | 4,803 | ||||
194,694 | Glencore plc | 1,119,716 | ||||
1,100 | Godo Steel, Ltd. | 28,276 | ||||
8,900 | GoGold Resources, Inc.* | 13,765 | ||||
20,449 | Gold Road Resources, Ltd. | 23,113 | ||||
4,992 | Granges AB | 47,570 | ||||
2,043 | Hill & Smith Holdings plc | 33,916 | ||||
9,715 | Hochschild Mining plc | 10,113 | ||||
8,995 | Hudbay Minerals, Inc. | 47,195 | ||||
15,631 | IAMGOLD Corp.* | 42,684 | ||||
16,140 | IGO, Ltd. | 138,526 | ||||
15,540 | Iluka Resources, Ltd. | 111,035 | ||||
18,158 | Imdex, Ltd. | 27,367 |
See accompanying notes to the schedules of portfolio investments.
23
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Metals & Mining, continued | ||||||
3,605 | Ivanhoe Mines, Ltd., Class A* | $ | 32,574 | |||
16,400 | JFE Holdings, Inc. | 208,463 | ||||
50,009 | Jupiter Mines, Ltd. | 7,873 | ||||
2,436 | K92 Mining, Inc. | 13,845 | ||||
3,200 | K92 Mining, Inc.* | 18,187 | ||||
5,400 | Karora Resources, Inc.* | 18,143 | ||||
53,933 | Kinross Gold Corp. | 253,840 | ||||
12,000 | Kobe Steel, Ltd. | 95,752 | ||||
1,800 | Kyoei Steel, Ltd. | 21,928 | ||||
2,500 | Labrador Iron Ore Royalty Corp. | 59,202 | ||||
2,100 | Largo, Inc.* | 10,894 | ||||
14,207 | Lucara Diamond Corp.* | 5,362 | ||||
4,500 | Lundin Gold, Inc. | 52,549 | ||||
28,726 | Lundin Mining Corp. | 195,149 | ||||
27,882 | Lynas Rare Earths, Ltd.* | 119,067 | ||||
48,387 | Macmahon Holdings, Ltd. | 4,678 | ||||
1,600 | Major Drilling Group International, Inc.* | 12,586 | ||||
2,400 | Maruichi Steel Tube, Ltd. | 52,845 | ||||
176,000 | Midas Holdings, Ltd.*(b) | | ||||
1,683 | Mineral Resources, Ltd. | 91,176 | ||||
4,200 | Mitsubishi Materials Corp. | 68,521 | ||||
500 | Mitsubishi Steel Manufacturing Co., Ltd. | 4,433 | ||||
1,500 | Mitsui Mining & Smelting Co., Ltd. | 36,444 | ||||
30,000 | Mongolian Mining Corp.* | 11,892 | ||||
27,183 | Mount Gibson Iron, Ltd.* | 9,759 | ||||
2,200 | Neturen Co., Ltd. | 11,566 | ||||
27,410 | New Gold, Inc.* | 29,818 | ||||
11,300 | Newcrest Mining, Ltd. | 202,259 | ||||
1,024 | Newcrest Mining, Ltd. | 18,217 | ||||
58,536 | Nickel Industries, Ltd. | 35,488 | ||||
6,200 | Nippon Denko Co., Ltd. | 16,766 | ||||
2,700 | Nippon Light Metal Holdings Co. | 29,850 | ||||
14,395 | Nippon Steel Corp. | 339,769 | ||||
930 | Nippon Yakin Kogyo Co., Ltd. | 29,955 | ||||
400 | Nittetsu Mining Co., Ltd. | 10,842 | ||||
12,694 | Norsk Hydro ASA | 94,972 | ||||
16,652 | Northern Star Resources, Ltd. | 136,284 | ||||
28,628 | OceanaGold Corp. | 70,972 | ||||
21,175 | OM Holdings, Ltd. | 10,171 | ||||
500 | Osaka Steel Co., Ltd. | 4,997 | ||||
3,292 | Osisko Gold Royalties, Ltd. | 52,037 | ||||
12,854 | Osisko Mining, Inc.* | 40,903 | ||||
15,995 | Outokumpu OYJ | 87,379 | ||||
2,923 | OZ Minerals, Ltd. | 54,898 | ||||
900 | Pacific Metals Co., Ltd.* | 13,179 | ||||
6,317 | Pan American Silver Corp. | 115,280 | ||||
33,353 | Perenti Global, Ltd.* | 27,101 | ||||
55,326 | Perseus Mining, Ltd. | 87,664 | ||||
36,817 | Pilbara Minerals, Ltd. | 98,197 | ||||
53,247 | Ramelius Resources, Ltd. | 44,982 | ||||
26,859 | Regis Resources, Ltd. | 37,164 | ||||
95,529 | Resolute Mining, Ltd.* | 26,939 | ||||
10,692 | Rio Tinto plc | 724,532 | ||||
7,192 | Rio Tinto plc, Registered Shares, ADR | 493,371 | ||||
5,634 | Rio Tinto, Ltd. | 453,534 | ||||
22,500 | Sabina Gold & Silver Corp.* | 34,134 | ||||
1,335 | Salzgitter AG | 52,710 | ||||
18,215 | Sandfire Resources, Ltd.* | 77,809 | ||||
4,142 | Sandstorm Gold, Ltd. | 24,092 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Metals & Mining, continued | ||||||
21,718 | Schmolz + Bickenbach AG* | $ | 3,105 | |||
1,200 | Seabridge Gold, Inc.* | 15,496 | ||||
7,176 | Sierra Rutile Holdings, Ltd.* | 1,252 | ||||
32,896 | Silver Lake Resources, Ltd.* | 25,573 | ||||
7,897 | Sims, Ltd. | 82,496 | ||||
53,653 | SolGold plc* | 12,708 | ||||
148,911 | South32, Ltd. | 441,563 | ||||
7,725 | SSAB AB, Class A | 56,990 | ||||
22,114 | SSAB AB, Class B | 158,097 | ||||
8,249 | SSR Mining, Inc. | 124,776 | ||||
30,000 | St. Barbara, Ltd.* | 13,415 | ||||
1,600 | Stelco Holdings, Inc. | 61,973 | ||||
4,366 | Straits Trading Co., Ltd. | 7,294 | ||||
8,300 | Sumitomo Metal & Mining Co., Ltd. | 317,414 | ||||
13,627 | Syrah Resources, Ltd.* | 16,831 | ||||
12,474 | Taseko Mines, Ltd.* | 20,678 | ||||
17,138 | Teck Cominco, Ltd., Class B | 625,886 | ||||
20,766 | ThyssenKrupp AG | 149,061 | ||||
900 | Toho Titanium Co., Ltd. | 15,025 | ||||
700 | Toho Zinc Co., Ltd. | 10,780 | ||||
300 | Tokyo Rope Manufacturing Co. Ltd. | 2,653 | ||||
2,300 | Tokyo Steel Manufacturing Co., Ltd. | 23,764 | ||||
4,785 | Torex Gold Resources, Inc.* | 79,638 | ||||
969 | Trevali Mining Corp.* | | ||||
1,700 | Triple Flag Precious Metals Corp. | 25,325 | ||||
1,500 | UACJ Corp. | 29,945 | ||||
2,097 | Victoria Gold Corp.* | 13,905 | ||||
4,973 | Voestalpine AG | 169,350 | ||||
4,200 | Wesdome Gold Mines, Ltd.* | 24,057 | ||||
49,123 | West African Resources, Ltd.* | 31,397 | ||||
14,470 | Westgold Resources, Ltd.* | 12,608 | ||||
2,010 | Wheaton Precious Metals Corp. | 96,819 | ||||
31,047 | Yamana Gold, Inc. | 181,048 | ||||
1,000 | Yamato Kogyo Co., Ltd. | 40,408 | ||||
800 | Yodogawa Steel Works, Ltd. | 16,458 | ||||
|
|
|||||
16,025,017 | ||||||
|
|
|||||
Multi-Utilities (0.8%): | ||||||
2,232 | Acea SpA | 30,520 | ||||
12,104 | AGL Energy, Ltd. | 65,323 | ||||
7,269 | Algonquin Power & Utilities Corp.^ | 61,001 | ||||
2,005 | Atco, Ltd. | 64,276 | ||||
2,366 | Canadian Utilities, Ltd., Class A | 65,939 | ||||
184,106 | Centrica plc | 241,235 | ||||
59,618 | E.ON SE | 743,591 | ||||
9,058 | Engie Group | 143,236 | ||||
16,835 | Hera SpA | 47,637 | ||||
11,786 | Iren SpA | 22,621 | ||||
62,477 | ITL AEM SpA | 99,831 | ||||
8,297 | National Grid plc | 112,602 | ||||
2,008 | National Grid plc, ADR | 136,524 | ||||
11,914 | Ren - Redes Energeticas Nacion | 34,920 | ||||
24,600 | SembCorp Industries, Ltd. | 81,194 | ||||
1,869 | Telecom Plus plc | 43,567 | ||||
6,489 | Vector, Ltd. | 16,452 | ||||
6,496 | Veolia Environnement SA | 200,702 | ||||
|
|
|||||
2,211,171 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (7.2%): | ||||||
7,481 | Advantage Energy, Ltd.* | 43,237 | ||||
18,755 | Africa Oil Corp. | 42,054 |
See accompanying notes to the schedules of portfolio investments.
24
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Oil, Gas & Consumable Fuels, continued | ||||||
4,461 | Aker BP ASA | $ | 109,509 | |||
8,769 | Ampol, Ltd. | 179,451 | ||||
7,200 | Anglo Pacific Group plc | 10,511 | ||||
25,668 | ARC Resources, Ltd. | 291,194 | ||||
28,709 | Athabasca Oil Corp.* | 68,623 | ||||
2,064 | Baytex Energy Corp.* | 7,740 | ||||
15,149 | Baytex Energy Corp.* | 56,838 | ||||
69,875 | Beach Energy, Ltd. | 66,146 | ||||
7,041 | Birchcliff Energy, Ltd. | 39,913 | ||||
15,110 | Boss Energy, Ltd.* | 24,026 | ||||
33,005 | BP plc, ADR | 1,252,210 | ||||
151,966 | BP plc | 961,929 | ||||
173,000 | Brightoil Petroleum Holdings, Ltd.*(b) | | ||||
724 | BW Energy, Ltd.* | 1,878 | ||||
2,656 | BW LPG, Ltd.(a) | 19,991 | ||||
22,053 | Cairn Energy plc* | 63,515 | ||||
1,022 | Cameco Corp. | 26,746 | ||||
789 | Cameco Corp. | 20,664 | ||||
1,527 | Canacol Energy, Ltd. | 12,735 | ||||
4,700 | Canadian Natural Resources, Ltd. | 260,130 | ||||
6,882 | Canadian Natural Resources, Ltd. | 380,919 | ||||
3,012 | Cardinal Energy, Ltd. | 15,870 | ||||
194,347 | Carnarvon Energy, Ltd.* | 17,529 | ||||
2,956 | Cenovus Energy, Inc. | 51,612 | ||||
24,553 | Cenovus Energy, Inc. | 428,446 | ||||
13,100 | China Aviation Oil Singapore Corp., Ltd. | 9,676 | ||||
64,430 | Cooper Energy, Ltd.* | 6,914 | ||||
3,600 | Cosmo Energy Holdings Co., Ltd. | 116,873 | ||||
8,781 | Crescent Point Energy | 61,994 | ||||
15,061 | Crescent Point Energy Corp. | 106,329 | ||||
8,223 | Crew Energy, Inc.* | 28,844 | ||||
854 | CropEnergies AG | 10,466 | ||||
43,178 | dAmico International Shipping SA* | 21,903 | ||||
467 | Delek Group, Ltd. | 51,748 | ||||
18,620 | Diversified Energy Co. plc | 21,761 | ||||
20,320 | DNO ASA | 19,993 | ||||
9,908 | Enbridge, Inc. | 377,828 | ||||
96,700 | ENEOS Holdings, Inc. | 339,215 | ||||
2,930 | Energean PLC | 47,194 | ||||
1,500 | Enerplus Corp. | 21,624 | ||||
47,830 | ENI SpA | 669,930 | ||||
120,434 | EnQuest plc* | 27,623 | ||||
8,723 | Equinor ASA | 248,191 | ||||
1,081 | Equital, Ltd.* | 25,870 | ||||
1,390 | Etablissements Maurel et Prom SA | 5,196 | ||||
2,256 | Euronav NV | 37,762 | ||||
1,579 | Exmar NV | 16,617 | ||||
762 | FLEX LNG, Ltd. | 25,128 | ||||
3,700 | Freehold Royalties, Ltd. | 39,785 | ||||
2,600 | Frontera Energy Corp.* | 22,435 | ||||
2,211 | Frontline plc | 36,175 | ||||
3,100 | Fuji Oil Co., Ltd. | 6,194 | ||||
22,822 | Galp Energia SGPS SA | 258,912 | ||||
298 | Gaztransport et Technigaz SA | 30,529 | ||||
15,200 | Gear Energy, Ltd. | 11,586 | ||||
6,249 | Genel Energy plc | 9,019 | ||||
5,750 | Gibson Energy, Inc. | 91,911 | ||||
22,100 | Golden Energy Resources, Ltd.* | 16,428 | ||||
19,607 | Gran Tierra Energy, Inc.* | 17,412 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Oil, Gas & Consumable Fuels, continued | ||||||
14,984 | Gulf Keystone Petroleum, Ltd. | $ | 26,952 | |||
4,009 | Hafnia, Ltd. | 22,976 | ||||
5,643 | Harbour Energy plc | 19,157 | ||||
9,100 | Headwater Exploration, Inc. | 42,493 | ||||
7,800 | Idemitsu Kosan Co., Ltd. | 170,597 | ||||
3,981 | Imperial Oil, Ltd. | 202,482 | ||||
21,000 | INPEX Corp. | 223,466 | ||||
2,244 | International Petroleum Corp.* | 21,555 | ||||
2,823 | International Petroleum Corp. / Sweden* | 26,966 | ||||
3,600 | Itochu Enex Co., Ltd. | 30,696 | ||||
1,700 | Iwatani Corp. | 74,460 | ||||
1,000 | Japan Petroleum Exploration Co., Ltd. | 33,697 | ||||
2,500 | Journey Energy, Inc.* | 11,100 | ||||
24,713 | Karoon Energy, Ltd.* | 35,376 | ||||
7,300 | Kelt Exploration, Ltd.* | 24,796 | ||||
7,201 | Keyera Corp. | 157,683 | ||||
3,130 | Koninklijke Vopak NV | 110,308 | ||||
10,807 | MEG Energy Corp.* | 173,625 | ||||
1,700 | Mitsuuroko Holdings Co., Ltd. | 16,634 | ||||
1,502 | Naphtha Israel Petroleum Corp. | 6,357 | ||||
2,246 | Neste Oyj | 110,768 | ||||
21,426 | New Hope Corp., Ltd. | 81,748 | ||||
7,392 | New Zealand Refining Co., Ltd. (The) | 6,978 | ||||
64,000 | NewOcean Energy Holdings, Ltd.* | 119 | ||||
21,200 | Nippon Coke & Engineering Co., Ltd.* | 13,942 | ||||
575 | Norwegian Energy Co. ASA* | 19,246 | ||||
7,754 | Nuvista Energy, Ltd.* | 62,718 | ||||
104,047 | Oil Refineries, Ltd. | 28,504 | ||||
936 | OMV AG | 42,864 | ||||
41,785 | Paladin Energy, Ltd.* | 18,336 | ||||
5,770 | Panoro Energy ASA | 14,631 | ||||
3,407 | Paramount Resouces, Ltd., Class A | 74,630 | ||||
4,673 | Parex Resources, Inc. | 86,938 | ||||
6,100 | Parkland Corp. | 146,259 | ||||
507 | Paz Oil Co., Ltd.* | 49,548 | ||||
1,584 | Pembina Pipeline Corp. | 51,322 | ||||
6,701 | Pembina Pipeline Corp. | 217,102 | ||||
7,660 | Peyto Exploration & Development Corp. | 68,647 | ||||
12,892 | Pharos Energy plc* | 3,562 | ||||
10,900 | Pine Cliff Energy, Ltd. | 10,406 | ||||
7,163 | Pipestone Energy Corp. | 14,683 | ||||
7,532 | Prairiesky Royalty, Ltd. | 119,281 | ||||
14,537 | Repsol SA | 223,752 | ||||
1,600 | Sala Corp. | 9,101 | ||||
3,100 | San-Ai Oil Co., Ltd. | 32,186 | ||||
55,049 | Santos, Ltd. | 254,007 | ||||
23,460 | Saras SpA* | 36,555 | ||||
8,575 | Serica Energy plc | 23,492 | ||||
51,340 | Shell plc | 1,469,913 | ||||
34,290 | Shell PLC, ADR | 1,973,047 | ||||
400 | Sinanen Holdings Co., Ltd. | 9,688 | ||||
2,000 | Spartan Delta Corp. | 20,869 | ||||
15,527 | Stobart Group, Ltd.* | 1,019 | ||||
16,178 | Suncor Energy, Inc. | 502,352 | ||||
9,472 | Suncor Energy, Inc. | 294,106 | ||||
9,600 | Tamarack Valley Energy, Ltd.^ | 28,062 | ||||
4,203 | TC Energy Corp. | 163,510 | ||||
1,817 | TC Energy Corp. | 70,699 | ||||
3,303 | Tethys Oil AB | 17,454 |
See accompanying notes to the schedules of portfolio investments.
25
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Oil, Gas & Consumable Fuels, continued | ||||||
13,400 | Tidewater Midstream and Infrastructure, Ltd. | $ | 8,925 | |||
3,400 | Topaz Energy Corp. | 48,083 | ||||
906 | Torm PLC | 27,819 | ||||
663 | TORM plc, Class A | 20,358 | ||||
41,514 | TotalEnergies SE | 2,449,212 | ||||
8,938 | Tourmaline Oil Corp. | 372,521 | ||||
64,721 | Tullow Oil plc* | 25,272 | ||||
542 | Verbio Vereinigte Bioenergie AG | 25,406 | ||||
4,283 | Vermilion Energy, Inc. | 55,562 | ||||
35,418 | Viva Energy Group, Ltd.(a) | 71,731 | ||||
27,552 | Whitecap Resources, Inc. | 213,068 | ||||
35,316 | Whitehaven Coal, Ltd. | 158,987 | ||||
19,371 | Woodside Energy Group, Ltd. | 436,375 | ||||
3,625 | Yancoal Australia, Ltd.^ | 14,091 | ||||
|
|
|||||
19,023,311 | ||||||
|
|
|||||
Paper & Forest Products (0.6%): | ||||||
2,718 | Altri SGPS SA | 14,009 | ||||
2,829 | Canfor Corp.* | 45,472 | ||||
600 | Daiken Corp. | 10,338 | ||||
3,000 | Daio Paper Corp. | 23,445 | ||||
8,317 | Ence Energia y Celulosa S.A | 30,982 | ||||
6,700 | Hokuetsu Corp. | 44,953 | ||||
1,406 | Holmen AB, B Shares | 54,196 | ||||
1,527 | Interfor Corp.* | 24,883 | ||||
6,283 | Metsa Board OYJ | 50,622 | ||||
7,278 | Mondi plc | 115,340 | ||||
11,089 | Navigator Co. SA (The) | 39,658 | ||||
4,800 | Nippon Paper Industries Co., Ltd.* | 37,072 | ||||
2,562 | Nordic Paper Holding AB | 11,082 | ||||
5,393 | Norske Skog ASA*(a) | 29,858 | ||||
28,900 | Oji Holdings Corp. | 114,440 | ||||
1,998 | Stella-Jones, Inc. | 76,575 | ||||
19,524 | Stora Enso Oyj, Class R | 254,043 | ||||
4,552 | Svenska Cellulosa AB SCA, Class B | 59,886 | ||||
600 | Tokushu Tokai Paper Co., Ltd. | 13,319 | ||||
7,857 | UPM-Kymmene Oyj* | 263,826 | ||||
2,554 | West Fraser Timber Co., Ltd. | 182,199 | ||||
24,618 | Western Forest Products, Inc. | 20,404 | ||||
|
|
|||||
1,516,602 | ||||||
|
|
|||||
Passenger Airlines (0.2%): | ||||||
3,200 | Air Canada* | 45,349 | ||||
15,527 | Air France-KLM* | 28,631 | ||||
80,763 | Air New Zealand, Ltd.* | 38,712 | ||||
2,300 | ANA Holdings, Inc.* | 49,956 | ||||
57,347 | Cathay Pacific Airways, Ltd.* | 55,294 | ||||
7,555 | Deutsche Lufthansa AG* | 84,052 | ||||
5,559 | easyJet plc* | 35,693 | ||||
528 | Exchange Income Corp. | 20,924 | ||||
2,800 | Japan Airlines Co., Ltd. | 54,603 | ||||
2,549 | JET2 plc | 41,359 | ||||
10,542 | Qantas Airways, Ltd.* | 46,822 | ||||
21,600 | Singapore Airlines, Ltd. | 93,177 | ||||
|
|
|||||
594,572 | ||||||
|
|
|||||
Personal Care Products (0.9%): | ||||||
306 | Beiersdorf AG | 39,805 | ||||
3,201 | Best World International, Ltd.* | 5,938 | ||||
307 | Blackmores, Ltd. | 14,507 | ||||
800 | Fancl Corp. | 14,727 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Personal Care Products, continued | ||||||
5,222 | Haleon PLC, ADR | $ | 42,507 | |||
12,238 | Haleon PLC* | 48,816 | ||||
372 | Interparfums SA | 28,017 | ||||
1,514 | Jamieson Wellness, Inc.(a) | 37,522 | ||||
4,300 | Kao Corp. | 167,920 | ||||
300 | Kobayashi Pharmaceutical Co., Ltd. | 18,329 | ||||
200 | Kose Corp. | 23,758 | ||||
16,500 | Loccitane International SA | 41,258 | ||||
2,269 | LOreal SA | 1,015,060 | ||||
1,600 | Mandom Corp. | 17,877 | ||||
1,000 | Milbon Co., Ltd. | 41,205 | ||||
600 | Noevir Holdings Co., Ltd. | 24,438 | ||||
2,645 | Ontex Group NV* | 19,752 | ||||
1,200 | Pola Orbis Holdings, Inc. | 15,629 | ||||
2,000 | Rohto Pharmaceutical Co., Ltd. | 41,815 | ||||
1,900 | Shiseido Co., Ltd. | 89,182 | ||||
5,719 | Unilever plc | 296,240 | ||||
1 | Unilever plc | 52 | ||||
6,345 | Unilever plc, ADR | 329,496 | ||||
1,300 | Ya-Man, Ltd. | 11,705 | ||||
|
|
|||||
2,385,555 | ||||||
|
|
|||||
Pharmaceuticals (4.0%): | ||||||
2,004 | Alk Abello A/S* | 30,963 | ||||
15,687 | Alliance Pharma plc | 13,364 | ||||
1,963 | Almirall SA | 18,324 | ||||
5,600 | Astellas Pharma, Inc. | 79,666 | ||||
5,086 | AstraZeneca plc, ADR | 353,019 | ||||
5,996 | AstraZeneca plc | 832,108 | ||||
491 | Aurora Cannabis, Inc.* | 342 | ||||
1,145 | Bausch Health Cos., Inc.* | 9,275 | ||||
6,486 | Bausch Health Cos., Inc.* | 52,558 | ||||
18,051 | Bayer AG, Registered Shares | 1,149,670 | ||||
298 | Boiron SA | 12,833 | ||||
900 | Canopy Growth Corp.* | 1,578 | ||||
5,000 | Chugai Pharmaceutical Co., Ltd. | 123,597 | ||||
207 | COSMO Pharmaceuticals NV | 12,855 | ||||
1,800 | Daiichi Sankyo Co., Ltd. | 65,701 | ||||
300 | Daito Pharmaceutical Co., Ltd. | 5,582 | ||||
324 | Dermapharm Holding SE | 13,292 | ||||
500 | Eisai Co., Ltd. | 28,453 | ||||
192 | Euroapi Sasu* | 2,197 | ||||
8,814 | Faes Farma SA | 30,117 | ||||
700 | Fuji Pharma Co., Ltd. | 5,988 | ||||
500 | Fuso Pharmaceutical Industries. Ltd. | 7,534 | ||||
12,251 | GSK PLC | 218,465 | ||||
9,383 | GSK PLC, ADR | 333,847 | ||||
12,649 | H Lundbeck A/S | 58,613 | ||||
3,600 | Haw Par Corp., Ltd. | 26,417 | ||||
5,579 | Hikma Pharmaceuticals plc | 115,479 | ||||
800 | Hisamitsu Pharmaceutical Co., Inc. | 22,857 | ||||
5,536 | Indivior PLC* | 94,639 | ||||
1,149 | Ipsen SA | 126,635 | ||||
2,400 | JCR Pharmaceuticals Co., Ltd. | 25,703 | ||||
1,000 | Kaken Pharmaceutical Co., Ltd. | 27,910 | ||||
1,000 | Kissei Pharmaceutical Co., Ltd. | 19,959 | ||||
900 | Kyowa Kirin Co., Ltd. | 19,637 | ||||
680 | Laboratorios Farmaceuticos Rovi SA | 28,454 | ||||
4,918 | Mayne Pharma Group, Ltd. | 12,353 | ||||
398 | Merck KGaA | 73,989 |
See accompanying notes to the schedules of portfolio investments.
26
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Pharmaceuticals, continued | ||||||
400 | Mochida Pharmaceutical Co., Ltd. | $ | 10,098 | |||
1,600 | Nippon Shinyaku Co., Ltd. | 70,567 | ||||
15,555 | Novartis AG, Registered Shares | 1,428,415 | ||||
13,507 | Novo Nordisk A/S, Class B | 2,143,695 | ||||
5,400 | Ono Pharmaceutical Co., Ltd. | 112,670 | ||||
4,139 | Orion Oyj, Class B | 185,056 | ||||
658 | Orion OYJ | 30,357 | ||||
2,100 | Otsuka Holdings Co., Ltd. | 66,961 | ||||
795 | Recordati SpA | 33,643 | ||||
3,249 | Roche Holding AG | 930,077 | ||||
164 | Roche Holding AG | 49,333 | ||||
6,368 | Sanofi | 693,424 | ||||
7,300 | Santen Pharmaceutical Co., Ltd. | 62,297 | ||||
1,700 | Sawai Group Holdings Co., Ltd. | 46,821 | ||||
1,300 | Seikagaku Corp. | 7,993 | ||||
2,400 | Shionogi & Co., Ltd. | 108,570 | ||||
2,832 | SNDL, Inc.* | 4,531 | ||||
3,200 | Sumitomo Dainippon Pharma Co., Ltd. | 19,574 | ||||
4,000 | SymBio Pharmaceuticals, Ltd.* | 13,062 | ||||
800 | Taisho Pharmaceutical Holdings Co., Ltd. | 33,321 | ||||
8,900 | Takeda Pharmacuetical Co., Ltd. | 292,359 | ||||
5,753 | Teva Pharmaceutical Industries, Ltd., ADR* | 50,914 | ||||
800 | Torii Pharmaceutical Co., Ltd. | 19,205 | ||||
1,200 | Towa Pharmaceutical Co., Ltd. | 17,175 | ||||
2,000 | Tsumura & Co. | 39,749 | ||||
777 | UCB SA | 69,473 | ||||
26,000 | United Laboratories International Holdings, Ltd. | 18,028 | ||||
299 | Vetoquinol SA | 28,736 | ||||
179 | Virbac SA | 57,598 | ||||
1,100 | ZERIA Pharmaceutical Co., Ltd. | 18,654 | ||||
|
|
|||||
10,716,329 | ||||||
|
|
|||||
Professional Services (1.7%): | ||||||
6,879 | Adecco Group AG | 250,441 | ||||
3,460 | AFRY AB | 62,471 | ||||
14,170 | ALS, Ltd. | 117,461 | ||||
770 | Altech Corp. | 14,702 | ||||
111 | Amadeus Fire AG | 16,686 | ||||
5,585 | Applus Services SA | 43,582 | ||||
1,900 | BayCurrent Consulting, Inc. | 78,845 | ||||
2,600 | Benefit One, Inc. | 37,170 | ||||
372 | Bertrandt AG | 20,173 | ||||
1,661 | Brunel International NV | 23,017 | ||||
9,727 | Bureau Veritas SA | 279,474 | ||||
700 | Creek & River Co., Ltd. | 12,200 | ||||
180 | Danel Adir Yeoshua, Ltd. | 13,244 | ||||
1,661 | DKSH Holding, Ltd. | 133,854 | ||||
14,199 | DWF Group plc(a) | 11,743 | ||||
900 | en Japan, Inc. | 15,516 | ||||
10,387 | Experian plc | 341,834 | ||||
1,200 | FULLCAST Holdings Co., Ltd. | 21,933 | ||||
1,500 | Funai Soken Holdings, Inc. | 30,772 | ||||
175 | Groupe Crit | 13,862 | ||||
37,731 | Hays plc | 51,996 | ||||
3,100 | Infomart Corp. | 6,518 | ||||
1,600 | Insource Co., Ltd. | 16,324 | ||||
2,428 | Intertek Group plc | 121,674 | ||||
4,735 | IPH, Ltd. | 23,484 | ||||
300 | IR Japan Holdings, Ltd. | 5,306 | ||||
1,000 | Jac Recruitment Co., Ltd. | 19,732 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Professional Services, continued | ||||||
1,000 | LIKE, Inc. | $ | 15,445 | |||
5,600 | Link And Motivation, Inc. | 22,190 | ||||
1,000 | Management Solutions Co., Ltd. | 25,122 | ||||
3,994 | McMillan Shakespeare, Ltd. | 38,493 | ||||
1,500 | Meitec Corp. | 26,832 | ||||
5,500 | Nihon M&A Center, Inc. | 41,222 | ||||
1,900 | Open Up Group, Inc. | 27,631 | ||||
3,000 | Outsourcing, Inc. | 29,570 | ||||
12,547 | Pagegroup plc | 70,623 | ||||
1,400 | Pasona Group, Inc. | 19,870 | ||||
2,100 | Persol Holdings Co., Ltd. | 42,227 | ||||
4,074 | Randstad NV | 241,833 | ||||
10,100 | Recruit Holdings Co., Ltd. | 279,979 | ||||
5,236 | RELX plc, ADR | 169,856 | ||||
6,345 | RELX plc | 205,369 | ||||
2,839 | RELX plc | 91,924 | ||||
2,833 | Ricardo plc | 19,358 | ||||
3,902 | Robert Walters plc | 21,658 | ||||
5,749 | RWS Holdings plc | 21,204 | ||||
70 | SGS SA, Registered Shares | 153,832 | ||||
1,300 | SIGMAXYZ Holdings, Inc. | 11,170 | ||||
3,267 | Smartgroup Corp., Ltd. | 14,055 | ||||
2,500 | SMS Co., Ltd. | 60,670 | ||||
3,200 | S-Pool, Inc. | 14,414 | ||||
7,669 | SThree plc | 39,544 | ||||
1,633 | Talenom Oyj | 14,588 | ||||
1,100 | Tanseisha Co., Ltd. | 6,414 | ||||
2,800 | Technopro Holdings, Inc. | 77,613 | ||||
660 | Teleperformance | 159,396 | ||||
304 | Thomson Reuters Corp. | 39,556 | ||||
1,065 | Tinexta SpA | 23,168 | ||||
1,100 | UT Group Co., Ltd. | 20,531 | ||||
700 | Visional, Inc.* | 39,177 | ||||
300 | Weathernews, Inc. | 15,016 | ||||
3,906 | Wolters Kluwer NV | 492,848 | ||||
|
|
|||||
4,376,412 | ||||||
|
|
|||||
Real Estate Management & Development (2.1%): |
| |||||
697 | Aedas Homes SA | 9,843 | ||||
1,700 | AEON Mall Co., Ltd. | 22,301 | ||||
206 | AFI Properties, Ltd.* | 5,451 | ||||
1,001 | Airport City, Ltd.* | 13,309 | ||||
2,300 | Airport Facilities Co., Ltd. | 9,532 | ||||
774 | Allreal Holding AG | 130,705 | ||||
1,972 | Alony Hetz Properties & Invest | 15,525 | ||||
492 | Alrov Properties And Lodgings, Ltd. | 20,596 | ||||
700 | Altus Group, Ltd. | 29,729 | ||||
2,393 | Amot Investments, Ltd. | 12,202 | ||||
2,116 | Annehem Fastigheter AB* | 3,878 | ||||
11,406 | Aroundtown SA | 16,239 | ||||
46,000 | Asia Standard International Group, Ltd.* | 3,750 | ||||
1,281 | Atrium Ljungberg AB, Class B | 20,937 | ||||
233 | Azrieli Group | 13,435 | ||||
210 | Big Shopping Centers, Ltd.* | 17,467 | ||||
1,455 | BlackRock Debt Strategies Fund, Inc. | 15,152 | ||||
116 | Blue Square Real Estate, Ltd. | 6,330 | ||||
59 | Brack Capital Properties NV* | 7,039 | ||||
3,700 | Bukit Sembawang Estates, Ltd. | 11,445 | ||||
695 | CA Immobilien Anlagen AG* | 18,691 | ||||
25,700 | Capitaland Investment, Ltd. | 71,455 |
See accompanying notes to the schedules of portfolio investments.
27
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Real Estate Management & Development, continued | ||||||
1,420 | Castellum AB | $ | 16,562 | |||
1,204 | Catena AB | 44,646 | ||||
2,946 | Cedar Woods Properties, Ltd. | 8,708 | ||||
18,000 | Chinese Estates Holdings, Ltd.* | 5,680 | ||||
52,000 | Chuangs Consortium International, Ltd. | 4,317 | ||||
851 | Cibus Nordic Real Estate AB | 8,893 | ||||
16,600 | City Developments, Ltd. | 92,228 | ||||
1,684 | Citycon OYJ | 11,504 | ||||
27,675 | CK Asset Holdings, Ltd. | 167,669 | ||||
3,571 | CLS Holdings plc | 5,920 | ||||
127 | Colliers International Group | 13,405 | ||||
600 | Colliers International Group, Inc. | 63,330 | ||||
12,641 | Corem Property Group AB, Class B | 8,844 | ||||
340,000 | CSI Properties, Ltd. | 6,884 | ||||
2,367 | CTP NV(a) | 30,660 | ||||
1,100 | Daito Trust Construction Co., Ltd. | 109,796 | ||||
9,300 | Daiwa House Industry Co., Ltd. | 219,103 | ||||
1,307 | Deutsche Wohnen SE | 25,640 | ||||
1,139 | Dic Asset AG | 9,789 | ||||
2,651 | Dios Fastigheter AB | 17,629 | ||||
4,200 | DoubleLine Yield Opportunities Fund | 11,950 | ||||
1,450 | DREAM Unlimited Corp. | 25,399 | ||||
34,000 | Emperor International Holdings | 2,784 | ||||
577 | Entra ASA(a) | 5,594 | ||||
55,400 | ESR Cayman, Ltd.(a) | 98,999 | ||||
4,939 | Fabege AB | 38,027 | ||||
83,930 | Far East Consortium International, Ltd. | 20,594 | ||||
8,276 | Fastighets AB Balder, B Shares* | 34,077 | ||||
862 | FastPartner AB, Class A | 4,977 | ||||
28,100 | First Trust High Income Long/Short Fund | 23,074 | ||||
300 | FirstService Corp. | 42,277 | ||||
436 | FirstService Corp. | 61,472 | ||||
11,092 | Foxtons Group plc | 5,507 | ||||
16,000 | Frasers Property, Ltd. | 10,532 | ||||
2,231 | Gav-Yam Lands Corp., Ltd. | 16,342 | ||||
1,100 | Goldcrest Co., Ltd. | 14,191 | ||||
28,069 | Grainger plc | 80,755 | ||||
1,873 | Grand City Properties SA | 13,271 | ||||
10,516 | Great Eagle Holdings, Ltd. | 21,212 | ||||
17,100 | GuocoLand, Ltd. | 20,248 | ||||
28,000 | Hang Lung Group, Ltd. | 49,453 | ||||
56,984 | Hang Lung Properties, Ltd. | 106,831 | ||||
7,709 | Harworth Group plc | 10,328 | ||||
1,200 | Heiwa Real Estate Co., Ltd. | 34,336 | ||||
5,154 | Helical plc | 19,074 | ||||
14,706 | Henderson Land Development Co., Ltd. | 50,914 | ||||
143 | Hiag Immobilien Holding AG | 12,460 | ||||
37,840 | HKR International, Ltd. | 12,290 | ||||
9,400 | Ho Bee Land, Ltd. | 15,924 | ||||
18,500 | Hong Fok Corp., Ltd. | 14,212 | ||||
15,800 | Hongkong Land Holdings, Ltd. | 69,583 | ||||
2,049 | Hufvudstaden AB | 27,848 | ||||
9,700 | Hulic Co., Ltd. | 79,711 | ||||
11,000 | Hysan Development Co., Ltd. | 31,342 | ||||
7,300 | Ichigo, Inc. | 15,313 | ||||
151 | IES Holdings, Ltd.* | 10,087 | ||||
242 | Immobel SA | 12,625 | ||||
218 | Ina Invest Holding AG* | 4,289 | ||||
700 | Information Services Corp. | 11,396 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Real Estate Management & Development, continued | ||||||
2,409 | Instone Real Estate Group AG(a) | $ | 20,301 | |||
29 | Intershop Holdings AG | 21,123 | ||||
2,000 | Invesque, Inc.* | 1,700 | ||||
164 | Investis Holding SA | 17,743 | ||||
1,643 | Israel Canada T.R, Ltd. | 3,015 | ||||
32,180 | IWG plc* | 65,531 | ||||
25,000 | K Wah International Holdings Ltd. | 8,899 | ||||
1,500 | Katitas Co., Ltd. | 29,395 | ||||
1,200 | Keihanshin Building Co., Ltd. | 10,858 | ||||
16,225 | Kerry Properties, Ltd. | 41,645 | ||||
2,347 | K-fast Holding AB* | 4,640 | ||||
3,270 | Kojamo Oyj | 38,582 | ||||
26,000 | Kowloon Development Co., Ltd. | 27,982 | ||||
17,100 | Lai Sun Development Co., Ltd.* | 3,396 | ||||
112,800 | Landing International Development, Ltd.* | 2,449 | ||||
44,500 | Langham Hospitality Investment | 5,954 | ||||
973 | LEG Immobilien SE | 53,271 | ||||
14,551 | Lend Lease Group | 70,894 | ||||
8,900 | Leopalace21 Corp.* | 24,032 | ||||
3,460 | Lifestyle Communities, Ltd. | 37,013 | ||||
8,000 | Liu Chong Hing Investment, Ltd. | 6,656 | ||||
4,644 | LSL Property Services plc | 15,596 | ||||
543 | Mega Or Holdings, Ltd. | 11,631 | ||||
463 | Melisron, Ltd. | 29,186 | ||||
59,000 | Mingfa Group International Co., Ltd.* | 2,593 | ||||
6,700 | Mitsubishi Estate Co., Ltd. | 80,000 | ||||
6,000 | Mitsui Fudosan Co., Ltd. | 112,768 | ||||
9,306 | Mivne Real Estate KD, Ltd. | 25,852 | ||||
342 | Mobimo Holding AG, Registered Shares | 89,155 | ||||
100 | Morguard Corp. | 7,677 | ||||
705 | Neobo Fastigheter AB* | 848 | ||||
28,087 | New World Development Co., Ltd. | 75,759 | ||||
1,539 | Nexity SA | 38,722 | ||||
800 | Nippon Commercial Development Co., Ltd. | 11,575 | ||||
1,700 | Nisshin Group Holdings Co., Ltd. | 5,845 | ||||
4,300 | Nomura Real Estate Holdings, Inc. | 95,226 | ||||
522 | NP3 Fastigheter AB | 9,442 | ||||
6,438 | Nyfosa AB | 44,833 | ||||
17,900 | Oue, Ltd. | 16,015 | ||||
54,608 | Oxley Holdings, Ltd. | 5,746 | ||||
25,655 | Pacific Century Premium Developments, Ltd.* | 1,167 | ||||
5,361 | PEXA Group, Ltd.* | 48,668 | ||||
1,195 | Platzer Fastigheter Holding AB, Class B | 9,285 | ||||
222 | Prashkovsky Investments And Construction, Ltd. | 4,804 | ||||
1,324 | PSP Swiss Property AG | 150,506 | ||||
125 | Raysum Co., Ltd. | 1,286 | ||||
3,244 | Real Matters, Inc.* | 11,715 | ||||
3,700 | Relo Group, Inc. | 58,965 | ||||
1,892 | Sagax AB, Class B | 43,744 | ||||
22,824 | Samhallsbyggnadsbolaget i Norden AB^ | 31,303 | ||||
1,200 | SAMTY Co., Ltd. | 19,957 | ||||
3,518 | Savills plc | 42,923 | ||||
1,875 | Selvaag Bolig ASA | 6,640 | ||||
70,000 | Shun Tak Holdings, Ltd.* | 12,785 | ||||
795 | Shurgard Self Storage, Ltd. | 38,028 | ||||
100,800 | Sinarmas Land, Ltd. | 13,788 | ||||
50,317 | Sino Land Co., Ltd. | 68,154 | ||||
34,943 | Sirius Real Estate, Ltd. | 33,122 | ||||
5,000 | Soundwill Holdings, Ltd. | 4,274 |
See accompanying notes to the schedules of portfolio investments.
28
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Real Estate Management & Development, continued | ||||||
200 | SRE Holdings Corp.* | $ | 5,121 | |||
1,800 | Starts Corp., Inc. | 34,628 | ||||
5,500 | Sumitomo Realty & Development Co., Ltd. | 124,075 | ||||
1,493 | Summit Real Estate Holdings, Ltd. | 16,546 | ||||
1,800 | Sun Frontier Fudousan Co., Ltd. | 17,407 | ||||
8,921 | Sun Hung Kai Properties, Ltd. | 125,476 | ||||
7,146 | Swire Pacific, Ltd., Class A | 55,034 | ||||
17,500 | Swire Pacific, Ltd., Class B | 21,572 | ||||
8,600 | Swire Properties, Ltd. | 22,214 | ||||
1,615 | Swiss Prime Site AG | 134,488 | ||||
3,096 | TAG Immobilien AG | 21,412 | ||||
21,000 | TAI Cheung Holdings, Ltd. | 11,028 | ||||
2,900 | Toc Co., Ltd. | 13,948 | ||||
7,900 | Tokyo Tatemono Co., Ltd. | 96,438 | ||||
25,500 | Tokyu Fudosan Holdings Corp. | 122,438 | ||||
2,400 | Tosei Corp. | 26,706 | ||||
4,220 | Tricon Residential, Inc. | 32,728 | ||||
213 | UBM Development AG | 6,398 | ||||
12,600 | UOL Group, Ltd. | 65,905 | ||||
241 | VGP NV | 21,582 | ||||
4,568 | Vonovia SE | 85,895 | ||||
9,647 | Wallenstam AB | 36,623 | ||||
6 | Warteck Invest AG | 13,513 | ||||
6,203 | Watkin Jones plc | 6,816 | ||||
12,829 | Wharf Real Estate Investment Co., Ltd. | 74,200 | ||||
4,068 | Wihlborgs Fastigheter AB | 31,196 | ||||
20,700 | Wing Tai Holdings, Ltd. | 23,190 | ||||
16,000 | Wing Tai Properties, Ltd. | 7,010 | ||||
148 | YH Dimri Construction & Development, Ltd. | 8,463 | ||||
17 | Zug Estates Holding AG | 32,200 | ||||
|
|
|||||
5,554,428 | ||||||
|
|
|||||
Retail REITs (0.0%): | ||||||
12,197 | Investore Property, Ltd. | 10,764 | ||||
|
|
|||||
Semiconductors & Semiconductor Equipment (2.3%): |
| |||||
1,400 | Advantest Corp. | 129,726 | ||||
9,500 | Aem Holdings, Ltd. | 22,877 | ||||
12,975 | ams AG* | 101,400 | ||||
546 | ASM International NV | 221,706 | ||||
2,021 | ASML Holding NV, NYS | 1,375,715 | ||||
1,186 | ASML Holding NV | 810,312 | ||||
10,419 | ASMPT, Ltd. | 103,137 | ||||
2,599 | BE Semiconductor Industries NV | 227,278 | ||||
1,500 | Disco Corp. | 174,539 | ||||
185 | Elmos Semiconductor SE | 17,951 | ||||
1,700 | Ferrotec Holdings Corp. | 43,055 | ||||
300 | Furuya Metal Co., Ltd. | 20,661 | ||||
6,726 | Infineon Technologies AG | 274,897 | ||||
24,323 | IQE plc* | 8,130 | ||||
3,600 | Japan Material Co., Ltd. | 64,371 | ||||
600 | Lasertec Corp. | 106,381 | ||||
500 | Megachips Corp. | 12,392 | ||||
677 | Melexis NV | 78,490 | ||||
1,700 | Micronics Japan Co., Ltd. | 17,180 | ||||
800 | Mimasu Semiconductor Industry | 17,880 | ||||
500 | Mitsui High-Tec, Inc. | 31,800 | ||||
1,737 | Nordic Semiconductor ASA* | 26,692 | ||||
386 | Nova Measuring Instruments, Ltd.* | 40,271 | ||||
1,100 | Optorun Co., Ltd. | 18,466 | ||||
12,300 | Renesas Electronics Corp.* | 178,600 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Semiconductors & Semiconductor Equipment, continued |
| |||||
1,300 | ROHM Co., Ltd. | $ | 108,296 | |||
600 | Rorze Corp. | 53,202 | ||||
1,000 | RS Technologies Co., Ltd. | 24,651 | ||||
700 | Sanken Electric Co., Ltd. | 56,186 | ||||
1,300 | SCREEN Holdings Co., Ltd. | 115,184 | ||||
200 | Shibaura Mechatronics Corp. | 24,457 | ||||
300 | Shindengen Electric Manufacturing Co., Ltd. | 7,599 | ||||
2,300 | Shinko Electric Industries Co., Ltd. | 71,510 | ||||
743 | Siltronic AG | 54,145 | ||||
690 | Soitec* | 111,126 | ||||
6,413 | STMicroelectronics NV | 343,039 | ||||
409 | SUESS MicroTec SE | 10,195 | ||||
11,800 | SUMCO Corp. | 177,517 | ||||
1,400 | Tazmo Co., Ltd. | 23,034 | ||||
3,300 | Tokyo Electron, Ltd. | 403,543 | ||||
1,600 | Tokyo Seimitsu Co., Ltd. | 62,050 | ||||
1,200 | Torex Semiconductor, Ltd. | 21,798 | ||||
1,000 | Towa Corp. | 15,917 | ||||
2,902 | Tower Semiconductor, Ltd.* | 123,248 | ||||
1,200 | Tri Chemical Laboratories, Inc. | 22,168 | ||||
321 | u-blox Holding AG | 44,872 | ||||
1,900 | Ulvac, Inc. | 82,877 | ||||
24,700 | UMS Holdings, Ltd. | 20,727 | ||||
1,978 | X-Fab Silicon Foundries SE*(a) | 18,714 | ||||
1,200 | Yamaichi Electronics Co., Ltd. | 17,881 | ||||
|
|
|||||
6,137,843 | ||||||
|
|
|||||
Software (1.1%): | ||||||
1,800 | Access Co., Ltd.* | 11,900 | ||||
1,484 | Accesso Technology Group PLC* | 12,725 | ||||
2,086 | Altium, Ltd. | 53,493 | ||||
177 | Atoss Software AG | 31,987 | ||||
4,889 | BlackBerry, Ltd.* | 22,432 | ||||
19,135 | Bravura Solutions, Ltd. | 5,142 | ||||
3,570 | Byggfakta Group Nordic Holdco AB* | 12,532 | ||||
5,897 | Bytes Technology Group PLC | 28,262 | ||||
4,700 | Celsys, Inc. | 24,179 | ||||
500 | Computer Engineering & Consulting, Ltd. | 4,838 | ||||
201 | Constellation Software, Inc. | 377,949 | ||||
464 | Crayon Group Holding ASA*(a) | 3,826 | ||||
1,400 | Cresco, Ltd. | 17,973 | ||||
1,200 | Cybozu, Inc. | 26,737 | ||||
1,719 | Dassault Systemes SE | 70,988 | ||||
564 | Descartes Systems Group, Inc.* | 45,464 | ||||
300 | Descartes Systems Group, Inc. (The)* | 24,217 | ||||
300 | Digital Arts, Inc. | 11,627 | ||||
1,500 | Dye & Durham, Ltd. | 19,959 | ||||
1,000 | Enghouse Systems, Ltd. | 28,306 | ||||
669 | FD Technologies plc* | 14,144 | ||||
1,600 | Fixstars Corp. | 17,902 | ||||
9,453 | Fortnox AB | 64,883 | ||||
1,966 | F-Secure Oyj | 6,813 | ||||
400 | Fuji Soft, Inc. | 23,206 | ||||
900 | Fukui Computer Holdings, Inc. | 18,655 | ||||
2,826 | GB Group plc | 10,477 | ||||
8,509 | Hansen Technology, Ltd. | 26,323 | ||||
690 | Hilan, Ltd. | 28,747 | ||||
700 | Ill, Inc. | 12,671 | ||||
16,011 | Infomedia, Ltd. | 15,996 | ||||
7,858 | Integrated Research, Ltd.* | 2,239 |
See accompanying notes to the schedules of portfolio investments.
29
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Software, continued | ||||||
3,230 | IRESS, Ltd. | $ | 21,549 | |||
1,500 | Justsystems Corp. | 40,194 | ||||
200 | Kinaxis, Inc.* | 27,464 | ||||
935 | Lectra | 36,945 | ||||
4,811 | Lightspeed Commerce, Inc.* | 73,164 | ||||
36 | Linedata Services | 1,741 | ||||
15,683 | LINK Mobility Group Holding ASA* | 12,726 | ||||
303 | Lumine Group, Inc.* | 3,298 | ||||
1,195 | Magic Software Enterprises, Ltd. | 15,727 | ||||
500 | Miroku Jyoho Service Co., Ltd. | 6,223 | ||||
1,504 | Nemetschek SE | 103,112 | ||||
1,260 | Netcompany Group A/S*(a) | 45,967 | ||||
145 | Nice, Ltd.* | 33,029 | ||||
30,146 | Nuix, Ltd.* | 26,859 | ||||
400 | OBIC Business Consultants Co., Ltd. | 15,119 | ||||
1,680 | Open Text Corp. | 64,811 | ||||
896 | Open Text Corp. | 34,541 | ||||
800 | Oracle Corp. | 57,746 | ||||
30 | Otello Corp. ASA | 22 | ||||
1,000 | Plus Alpha Consulting Co., Ltd. | 22,813 | ||||
601 | QT Group Oyj* | 44,006 | ||||
900 | Rakus Co., Ltd. | 13,059 | ||||
6,789 | Sage Group plc (The) | 65,039 | ||||
1,328 | SAP SE | 167,043 | ||||
1,470 | SimCorp A/S | 111,354 | ||||
16,449 | Sinch AB*(a) | 44,476 | ||||
1,484 | Software AG | 32,376 | ||||
500 | SRA Holdings | 11,022 | ||||
8,400 | Systena Corp. | 18,461 | ||||
5,737 | TeamViewer SE*(a) | 96,950 | ||||
7,838 | Technology One, Ltd. | 76,716 | ||||
1,696 | Temenos AG | 118,086 | ||||
3,468 | TomTom NV* | 28,504 | ||||
2,000 | Trend Micro, Inc. | 98,065 | ||||
12,001 | Vista Group International, Ltd.* | 10,462 | ||||
605 | Vitec Software Group AB B Sh | 31,118 | ||||
1,200 | WingArc1st, Inc. | 17,783 | ||||
1,629 | WiseTech Global, Ltd. | 71,554 | ||||
1,966 | WithSecure Oyj* | 3,258 | ||||
423 | Xero, Ltd.* | 25,594 | ||||
|
|
|||||
2,804,568 | ||||||
|
|
|||||
Specialty Retail (1.5%): | ||||||
400 | ABC-Mart, Inc. | 22,080 | ||||
16,866 | Accent Group, Ltd. | 26,778 | ||||
11,214 | Adairs, Ltd. | 15,284 | ||||
1,300 | Adastria Co., Ltd. | 24,013 | ||||
900 | Alpen Co., Ltd. | 13,543 | ||||
2,600 | Aoki Holdings, Inc. | 16,763 | ||||
2,800 | Aoyama Trading Co., Ltd. | 19,903 | ||||
5,584 | AP Eagers, Ltd. | 50,710 | ||||
1,400 | ARCLANDS CORP. | 15,782 | ||||
1,137 | Aritzia, Inc.* | 36,492 | ||||
1,006 | ASOS plc* | 10,255 | ||||
1,143 | Auto1 Group SE*(a) | 8,074 | ||||
2,500 | Autobacs Seven Co., Ltd. | 27,251 | ||||
613 | Autocanada, Inc.* | 9,018 | ||||
621 | BHG Group AB* | 574 | ||||
2,300 | BIC Camera, Inc. | 19,316 | ||||
2,768 | Bilia AB, Class A | 34,198 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Specialty Retail, continued | ||||||
1,681 | Blackstone Strategic Credit Fund | $ | 20,048 | |||
34,054 | Boohoo Group plc* | 25,129 | ||||
3,245 | Byggmax Group AB | 11,532 | ||||
2,609 | Carasso Motors, Ltd. | 12,314 | ||||
16,294 | Card Factory plc* | 17,512 | ||||
94 | Cazoo Group, Ltd.* | 234 | ||||
3,919 | Ceconomy AG* | 10,671 | ||||
800 | Chiyoda Co., Ltd. | 4,927 | ||||
32,200 | Chow Tai Fook Jewellery Group, Ltd. | 63,634 | ||||
1,435 | Clas Ohlson AB, Class B | 10,684 | ||||
4,700 | DCM Holdings Co., Ltd. | 40,944 | ||||
2,725 | Delek Automotive Systems, Ltd. | 25,415 | ||||
51,069 | Dixons Carphone plc | 37,015 | ||||
291 | Dor ALON Energy In Israel 1988, Ltd. | 6,236 | ||||
2,778 | Dufry AG, Registered Shares* | 123,767 | ||||
4,536 | Dunelm Group plc | 61,996 | ||||
3,700 | Edion Corp. | 35,749 | ||||
800 | Enigmo, Inc. | 3,021 | ||||
115,950 | Esprit Holdings, Ltd.* | 10,107 | ||||
1,300 | Fast Retailing Co., Ltd. | 284,266 | ||||
995 | Fielmann AG | 41,414 | ||||
878 | Fnac Darty SA | 32,404 | ||||
280 | Fox Wizel, Ltd. | 23,961 | ||||
4,126 | Frasers Group plc* | 39,651 | ||||
2,300 | Geo Holdings Corp. | 27,846 | ||||
130,000 | Giordano International, Ltd. | 38,809 | ||||
10,860 | Halfords Group plc | 23,418 | ||||
7,709 | Hennes & Mauritz AB, Class B | 110,115 | ||||
200 | Hikari Tsushin, Inc. | 28,133 | ||||
1,000 | Honeys Holdings Co., Ltd. | 12,524 | ||||
485 | Hornbach Holding AG & Co. KGaA | 38,739 | ||||
4,500 | Hour Glass, Ltd. The | 7,364 | ||||
2,800 | Idom, Inc. | 18,122 | ||||
8,260 | Industria de Diseno Textil SA | 277,369 | ||||
3,000 | Istyle, Inc.* | 12,687 | ||||
3,610 | JB Hi-Fi, Ltd. | 102,849 | ||||
38,979 | JD Sports Fashion plc | 85,807 | ||||
700 | JINS Holdings, Inc. | 19,127 | ||||
1,500 | Joshin Denki Co., Ltd. | 22,139 | ||||
900 | Joyful Honda Co., Ltd. | 11,651 | ||||
2,166 | Kamux Corp. | 12,243 | ||||
26,469 | Kathmandu Holdings, Ltd. | 18,217 | ||||
1,700 | Keiyo Co., Ltd. | 10,813 | ||||
744 | Kid ASA(a) | 6,074 | ||||
69,801 | Kingfisher plc | 225,498 | ||||
900 | Kohnan Shoji Co., Ltd. | 22,044 | ||||
1,600 | Komeri Co., Ltd. | 33,023 | ||||
3,300 | Ks Holding Corp. | 28,980 | ||||
1,766 | Leons Furniture, Ltd. | 22,583 | ||||
19,046 | Lookers plc | 19,333 | ||||
2,388 | Lovisa Holdings, Ltd. | 38,979 | ||||
3,000 | Luk Fook Holdings International, Ltd. | 9,549 | ||||
531 | Maisons du Monde SA(a) | 5,704 | ||||
2,347 | Matas A/S | 28,774 | ||||
1,563 | Mobilezone Holding AG | 25,578 | ||||
821 | Musti Group OYJ | 14,354 | ||||
6,515 | N Brown Group plc* | 2,295 | ||||
1,800 | Nextage Co., Ltd. | 37,605 | ||||
3,966 | Nick Scali, Ltd. | 24,866 |
See accompanying notes to the schedules of portfolio investments.
30
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Specialty Retail, continued | ||||||
1,900 | Nishimatsuya Chain Co., Ltd. | $ | 23,428 | |||
1,000 | Nitori Co., Ltd. | 120,582 | ||||
3,600 | Nojima Corp. | 38,015 | ||||
28,290 | Oriental Watch Holdings | 15,732 | ||||
1,000 | PAL GROUP Holdings Co., Ltd. | 23,352 | ||||
76,677 | Pendragon plc* | 15,684 | ||||
19,128 | Pets At Home Group plc | 87,077 | ||||
2,736 | Premier Investments, Ltd. | 47,996 | ||||
362 | Retailors, Ltd. | 6,624 | ||||
700 | Sanrio Co., Ltd. | 31,421 | ||||
800 | Shimamura Co., Ltd. | 81,377 | ||||
2,100 | Sleep Country Canada Holdings, Inc.(a) | 36,645 | ||||
5,578 | Super Retail Group, Ltd. | 46,998 | ||||
3,968 | Superdry plc* | 5,294 | ||||
900 | T-Gaia Corp. | 11,352 | ||||
919 | Unieuro SpA(a) | 10,842 | ||||
1,600 | United Arrows, Ltd. | 23,215 | ||||
5,400 | USS Co., Ltd. | 93,611 | ||||
13,891 | Vertu Motors plc | 10,256 | ||||
8,200 | VT Holdings Co., Ltd. | 31,432 | ||||
8,991 | Watches of Switzerland Group plc*(a) | 90,490 | ||||
5,476 | WHSmith plc | 101,205 | ||||
8,059 | Wickes Group plc | 13,768 | ||||
900 | Workman Co., Ltd. | 38,133 | ||||
800 | World Co., Ltd. | 8,955 | ||||
700 | Xebio Holdings Co., Ltd. | 5,548 | ||||
2,913 | XXL ASA(a) | 703 | ||||
21,600 | Yamada Holdings Co., Ltd. | 74,302 | ||||
800 | Yellow Hat, Ltd. | 11,016 | ||||
1,300 | Zalando SE*(a) | 54,399 | ||||
2,200 | ZOZO, Inc. | 50,317 | ||||
|
|
|||||
3,925,645 | ||||||
|
|
|||||
Technology Hardware, Storage & Peripherals (0.4%): | ||||||
9,700 | Brother Industries, Ltd. | 146,331 | ||||
5,900 | Canon, Inc. | 132,363 | ||||
700 | EIZO Corp. | 21,690 | ||||
1,800 | Elecom Co., Ltd. | 17,119 | ||||
1,700 | FUJIFILM Holdings Corp. | 86,368 | ||||
12,900 | Konica Minolta, Inc. | 55,495 | ||||
4,678 | Logitech International SA, Class R | 271,858 | ||||
1,533 | Logitech International SA, Class R | 89,006 | ||||
4,000 | Mcj Co., Ltd. | 28,159 | ||||
12,000 | PC Partner Group, Ltd. | 7,205 | ||||
1,935 | Quadient SA | 35,319 | ||||
9,400 | Ricoh Co., Ltd. | 70,523 | ||||
600 | Roland Dg Corp. | 15,002 | ||||
7,000 | Seiko Epson Corp. | 99,613 | ||||
900 | Toshiba Tec Corp. | 26,630 | ||||
4,400 | Wacom Co., Ltd. | 23,011 | ||||
|
|
|||||
1,125,692 | ||||||
|
|
|||||
Textiles, Apparel & Luxury Goods (2.4%): | ||||||
2,464 | Adidas AG | 435,006 | ||||
1,400 | Asics Corp. | 39,817 | ||||
448 | Bijou Brigitte AG* | 23,350 | ||||
1,142 | Brunello Cucinelli SpA | 113,448 | ||||
5,724 | Burberry Group plc | 183,125 | ||||
364 | Calida Holding AG | 16,719 | ||||
408 | Canada Goose Holdings, Inc.* | 7,854 | ||||
1,900 | Canada Goose Holdings, Inc.* | 36,543 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Textiles, Apparel & Luxury Goods, continued | ||||||
18,000 | Chow Sang Sang Holdings International, Ltd. | $ | 25,148 | |||
3,300 | Cie Financiere Richemont SA | 529,137 | ||||
35,102 | Coats Group plc | 31,946 | ||||
485 | Delta-Galil Industries, Ltd. | 19,242 | ||||
6,098 | Dr Martens PLC | 10,741 | ||||
4,931 | Gildan Activewear, Inc. | 163,844 | ||||
1,142 | Gildan Activewear, Inc. | 37,903 | ||||
700 | Goldwin, Inc. | 66,722 | ||||
900 | Gunze, Ltd. | 30,488 | ||||
151 | Hermes International SA | 305,839 | ||||
2,373 | Hugo Boss AG | 170,155 | ||||
1,500 | Japan Wool Textile Co., Ltd. (The) | 11,189 | ||||
788 | Kering | 514,245 | ||||
700 | Kurabo Industries, Ltd. | 13,338 | ||||
2,320 | LVMH Moet Hennessy Louis Vuitton SA | 2,125,984 | ||||
1,211 | Marimekko OYJ | 12,832 | ||||
2,199 | Moncler SpA | 151,979 | ||||
1,479 | New Wave Group AB | 25,362 | ||||
5,000 | Onward Holdings Co., Ltd. | 14,475 | ||||
12,688 | Ovs SpA(a) | 33,274 | ||||
44,000 | Pacific Textiles Holdings, Ltd. | 14,199 | ||||
3,804 | Pandora A/S | 364,594 | ||||
5,300 | Prada SpA | 37,748 | ||||
2,278 | Puma SE | 140,480 | ||||
7,277 | Safilo Group SpA* | 11,147 | ||||
1,885 | Salvatore Ferragamo SpA | 34,456 | ||||
48,300 | Samsonite International SA*(a) | 148,457 | ||||
2,100 | Sankyo Seiko Co., Ltd. | 8,637 | ||||
500 | Sanyo Shokai, Ltd. | 5,888 | ||||
1,000 | Seiren Co., Ltd. | 17,666 | ||||
17,500 | Stella International Holdings, Ltd. | 18,642 | ||||
906 | Swatch Group AG (The) | 57,421 | ||||
457 | Swatch Group AG (The), Class B | 157,179 | ||||
11,500 | Texhong International Group, Ltd. | 8,796 | ||||
60,000 | Texwinca Holdings, Ltd. | 10,347 | ||||
3,200 | Tsi Holdings Co., Ltd. | 15,357 | ||||
5,500 | Unitika, Ltd.* | 9,187 | ||||
377 | Van de Velde NV | 14,815 | ||||
2,000 | Wacoal Holdings Corp. | 37,569 | ||||
33,514 | Yue Yuen Industrial Holdings, Ltd. | 47,335 | ||||
|
|
|||||
6,309,625 | ||||||
|
|
|||||
Tobacco (0.4%): |
| |||||
14,243 | British American Tobacco plc | 499,060 | ||||
13,254 | Imperial Brands plc, Class A | 304,754 | ||||
11,100 | Japan Tobacco, Inc. | 234,310 | ||||
2,779 | Scandinavian Tobacco Group A/S(a) | 55,252 | ||||
|
|
|||||
1,093,376 | ||||||
|
|
|||||
Trading Companies & Distributors (2.2%): | ||||||
1,383 | AddTech AB, Class B | 25,690 | ||||
1,000 | Alconix Corp. | 10,291 | ||||
1,271 | Alligo AB, Class B | 14,950 | ||||
7,944 | Ashtead Group plc | 486,634 | ||||
859 | Azelis Group NV | 21,805 | ||||
653 | BayWa AG | 28,807 | ||||
2,058 | Beijer Ref AB | 36,185 | ||||
1,271 | Bergman & Beving AB | 15,726 | ||||
70,000 | BlackRock Corporate High Yield Fund, Inc.* | 332 | ||||
2,300 | BOC Aviation, Ltd.(a) | 17,747 | ||||
316 | Bossard Holding AG | 79,727 |
See accompanying notes to the schedules of portfolio investments.
31
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Trading Companies & Distributors, continued | ||||||
4,927 | Brenntag AG | $ | 369,843 | |||
1,375 | Bufab AB | 36,766 | ||||
2,141 | Bunzl plc | 80,887 | ||||
500 | Chori Co., Ltd. | 9,483 | ||||
400 | Daiichi Jitsugyo Co., Ltd. | 16,818 | ||||
2,395 | Diploma plc | 83,221 | ||||
4,000 | Doman Building Materials Group, Ltd. | 19,034 | ||||
5,840 | Electrocomponents plc | 66,031 | ||||
3,733 | Ferguson plc | 492,545 | ||||
6,700 | Finning International, Inc. | 167,041 | ||||
8,003 | Grafton Group plc | 87,620 | ||||
1,100 | Hanwa Co., Ltd. | 32,852 | ||||
18,850 | Howden Joinery Group plc | 162,907 | ||||
1,942 | IMCD NV | 317,806 | ||||
1,800 | Inaba Denki Sangyo Co., Ltd. | 39,292 | ||||
1,800 | Inabata & Co., Ltd. | 36,609 | ||||
18,300 | Itochu Corp. | 595,970 | ||||
616 | Jacquet Metals SA | 11,975 | ||||
500 | Japan Pulp & Paper Co., Ltd. | 19,455 | ||||
700 | Kamei Corp. | 7,793 | ||||
900 | Kanaden Corp. | 7,906 | ||||
1,700 | Kanamoto Co., Ltd. | 27,998 | ||||
3,100 | Kanematsu Corp. | 38,478 | ||||
9,100 | Marubeni Corp. | 123,715 | ||||
1,500 | Mitani Corp. | 15,243 | ||||
10,800 | Mitsubishi Corp. | 388,327 | ||||
8,200 | Mitsui & Co., Ltd. | 255,581 | ||||
800 | Mitsui Matsushima Holdings Co., Ltd. | 19,876 | ||||
1,271 | Momentum Group AB* | 9,859 | ||||
3,800 | MonotaRo Co., Ltd. | 47,778 | ||||
2,800 | Nagase & Co., Ltd. | 43,128 | ||||
600 | Nichiden Corp. | 8,638 | ||||
500 | Nippon Steel Trading Corp. | 34,955 | ||||
1,200 | Nishio Holdings Co., Ltd. | 28,121 | ||||
3,414 | Oem International AB | 30,188 | ||||
700 | Onoken Co., Ltd. | 7,859 | ||||
22,000 | Realord Group Holdings, Ltd.* | 15,194 | ||||
3,537 | Reece, Ltd. | 41,359 | ||||
8,384 | Rexel SA | 200,383 | ||||
2,192 | Richelieu Hardware, Ltd. | 60,571 | ||||
2,804 | Russel Metals, Inc. | 71,236 | ||||
207 | Scope Metals Group, Ltd.* | 6,897 | ||||
1,200 | Senshu Electric Co., Ltd. | 29,718 | ||||
4,175 | Seven Group Holdings, Ltd. | 64,560 | ||||
500 | Shinsho Corp. | 21,938 | ||||
22,549 | SIG plc* | 12,101 | ||||
4,300 | Sojitz Corp. | 89,896 | ||||
409 | Solar A/S | 33,070 | ||||
17,864 | Speedy Hire plc | 7,415 | ||||
11,700 | Sumitomo Corp. | 207,246 | ||||
130,000 | Theme International Holdings, Ltd.* | 14,124 | ||||
269 | Thermador Groupe | 28,674 | ||||
1,472 | Toromont Industries, Ltd. | 120,838 | ||||
700 | Totech Corp. | 23,155 | ||||
3,300 | Toyota Tsushu Corp. | 140,675 | ||||
9,570 | Travis Perkins plc | 113,196 | ||||
1,000 | Trusco Nakayama Corp. | 16,976 | ||||
800 | Wajax Corp. | 14,593 | ||||
2,700 | Wakita & Co., Ltd. | 24,831 |
Shares | Value | |||||
|
||||||
Common Stocks, continued | ||||||
Trading Companies & Distributors, continued | ||||||
2,700 | Yamazen Corp. | $ | 20,764 | |||
800 | Yuasa Trading Co., Ltd. | 22,903 | ||||
|
|
|||||
5,881,805 | ||||||
|
|
|||||
Transportation Infrastructure (0.4%): | ||||||
1,135 | Aena SME SA*(a) | 183,758 | ||||
260 | Aeroports de Paris* | 37,152 | ||||
9,163 | Atlas Arteria, Ltd. | 38,741 | ||||
6,208 | Auckland International Airport, Ltd.* | 33,785 | ||||
6,757 | Enav SpA(a) | 28,322 | ||||
927 | Flughafen Zuerich AG* | 170,172 | ||||
1,646 | Fraport AG* | 82,661 | ||||
3,559 | Getlink SE | 58,743 | ||||
1,618 | Hamburger Hafen und Logistik AG | 19,971 | ||||
182,200 | Hutchison Port Holdings Trust | 34,200 | ||||
1,940 | James Fisher & Sons plc* | 6,945 | ||||
400 | Japan Airport Terminal Co., Ltd.* | 19,958 | ||||
3,100 | Kamigumi Co., Ltd. | 65,085 | ||||
700 | Logistec Corp., Class B | 22,917 | ||||
1,400 | Mitsubishi Logistics Corp. | 32,914 | ||||
400 | Nissin Corp. | 6,400 | ||||
5,399 | Port of Tauranga, Ltd. | 21,129 | ||||
25,753 | Qube Holdings, Ltd. | 49,606 | ||||
19,576 | SATS, Ltd.* | 41,204 | ||||
6,900 | SIA Engineering Co., Ltd.* | 11,696 | ||||
2,100 | Sumitomo Warehouse Co., Ltd. (The) | 34,517 | ||||
14,732 | Transurban Group | 140,169 | ||||
1,941 | Westshore Terminals Investment Corp. | 38,840 | ||||
|
|
|||||
1,178,885 | ||||||
|
|
|||||
Water Utilities (0.1%): | ||||||
7,001 | Pennon Group plc | 75,626 | ||||
2,420 | Severn Trent plc | 85,941 | ||||
45,000 | Siic Environment Holdings, Ltd. | 6,528 | ||||
6,559 | United Utilities Group plc | 85,756 | ||||
|
|
|||||
253,851 | ||||||
|
|
|||||
Wireless Telecommunication Services (0.9%): | ||||||
1,292 | 1&1 AG | 14,180 | ||||
27,529 | Airtel Africa plc(a) | 36,196 | ||||
3,670 | Cellcom Israel, Ltd.* | 13,226 | ||||
2,529 | Freenet AG | 65,684 | ||||
88,000 | Hutchison Telecommunications Holdings, Ltd. | 13,947 | ||||
16,800 | KDDI Corp. | 518,868 | ||||
6,492 | Millicom International Cellular SA, SDR* | 123,194 | ||||
1,000 | Okinawa Cellular Telephone Co. | 22,860 | ||||
1,324 | Orange Belgium SA* | 21,912 | ||||
8,995 | Partner Communications Co.* | 41,765 | ||||
1,242 | Rogers Communications, Inc., Class B | 57,579 | ||||
5,200 | Rogers Communications, Inc., Class B | 241,048 | ||||
35,000 | Smartone Telecommunications Ho | 22,447 | ||||
21,100 | Softbank Corp. | 243,423 | ||||
5,100 | SoftBank Group Corp. | 200,780 | ||||
21,800 | StarHub, Ltd. | 17,030 | ||||
10,327 | Tele2 AB | 102,920 | ||||
462,675 | Vodafone Group plc | 511,304 | ||||
|
|
|||||
2,268,363 | ||||||
|
|
|||||
Total Common Stocks (Cost $243,988,946) |
262,988,519 | |||||
|
|
See accompanying notes to the schedules of portfolio investments.
32
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
|
||||||
Preferred Stocks (0.3%): | ||||||
Automobile Components (0.3%): | ||||||
631 | Bayerische Motoren Werke AG (BMW), 6.17%, 5/15/20 | $ | 64,540 | |||
1,966 | Porsche Automobil Holding SE, 4.84%, 5/20/20 | 112,822 | ||||
3,809 | Volkswagen AG, 6.01%, 5/8/20 | 519,706 | ||||
|
|
|||||
697,068 | ||||||
|
|
|||||
Household Products (0.0%): | ||||||
2,011 | Henkel AG & Co. KGaA, 2.57%, 4/21/20 |
157,137 | ||||
|
|
|||||
Total Preferred Stocks (Cost $891,575) |
854,205 | |||||
|
|
|||||
Contracts |
Value | |||||
Warrant (0.0%): | ||||||
Energy Equipment & Services (0.0%): | ||||||
64,038 | Ezion Holdings, Ltd., 4/6/23*(b) | | ||||
|
|
|||||
Total Warrant (Cost $) |
| |||||
|
|
Shares | Value | |||||
|
||||||
Rights (0.0%): | ||||||
Construction & Engineering (0.0%): | ||||||
881 | Strabag Se, Expires on 1/1/27*(b) | $ | | |||
|
|
|||||
Hotels, Restaurants & Leisure (0.0%): | ||||||
4,536 | TUI AG, Expires on 4/18/23* | 5,986 | ||||
|
|
|||||
Real Estate (0.0%): | ||||||
1,302 | Immofinanz AG, Expires on 3/1/24*(b) | | ||||
|
|
|||||
Total Rights (Cost $14,197) |
5,986 | |||||
|
|
|||||
Principal Amount |
||||||
Short-Term Security Held as Collateral for Securities on Loan (0.6%): | ||||||
1,568,855 | BlackRock Liquidity FedFund, Institutional Class , 2.54%(c)(d) | 1,568,855 | ||||
|
|
|||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $1,568,855) |
1,568,855 | |||||
|
|
|||||
Total Investment Securities (Cost $246,463,574) 99.9% |
265,417,565 | |||||
Net other assets (liabilities) 0.1% |
369,485 | |||||
|
|
|||||
Net Assets 100.0% |
$ | 265,787,050 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023
ADR | - | American Depository Receipt | ||
NYS | - | New York Shares | ||
SDR | - | Swedish Depository Receipt |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $1,501,624. |
| Represents less than 0.05%. |
* | Non-income producing security. |
(a) | Rule 144A, Section 4(2) or other security which is restricted to resale to institutional investors. |
(b) | Security was valued using unobservable inputs as of March 31, 2023. |
(c) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(d) | The rate represents the effective yield at March 31, 2023. |
Amounts shown as are either 0 or round to less than 1.
See accompanying notes to the schedules of portfolio investments.
33
AZL DFA International Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
The following represents the concentrations by country of risk (based on the domicile of the security issuer) relative to the total value of investments as of March 31, 2023:
(Unaudited)
Country | Percentage | |||
|
||||
Australia |
6.3% | |||
Austria |
0.5% | |||
Belgium |
1.2% | |||
Bermuda |
0.1% | |||
Cambodia |
% | | ||
Canada |
10.6% | |||
China |
0.1% | |||
Colombia |
% | | ||
Denmark |
2.6% | |||
Egypt |
% | | ||
European Community |
% | | ||
Faroe Islands |
% | | ||
Finland |
1.6% | |||
France |
8.0% | |||
Georgia |
% | | ||
Germany |
7.0% | |||
Hong Kong |
2.1% | |||
India |
% | | ||
Ireland |
1.3% | |||
Isle of Man |
% | | ||
Israel |
0.8% | |||
Italy |
2.2% |
Country | Percentage | |||
|
||||
Japan |
22.1% | |||
Jersey |
% | | ||
Liechtenstein |
% | | ||
Luxembourg |
0.5% | |||
Macau |
% | | ||
Malta |
% | | ||
Mexico |
% | | ||
Mongolia |
% | | ||
Netherlands |
5.1% | |||
New Zealand |
0.3% | |||
Norway |
0.8% | |||
Peru |
% | | ||
Poland |
% | | ||
Portugal |
0.3% | |||
Singapore |
1.1% | |||
Spain |
2.4% | |||
Sweden |
2.8% | |||
Switzerland |
8.1% | |||
Taiwan, Province Of China |
% | | ||
United Arab Emirates |
% | | ||
United Kingdom |
11.3% | |||
United States |
0.8% | |||
|
|
|||
100.0% | ||||
|
|
| Represents less than 0.05%. |
See accompanying notes to the schedules of portfolio investments.
34
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (99.8%): |
| |||||
Aerospace & Defense (1.7%): |
| |||||
1,210 | AAR Corp.* | $ | 66,006 | |||
2,468 | Aerojet Rocketdyne Holdings, Inc.* | 138,628 | ||||
358 | AeroVironment, Inc.* | 32,814 | ||||
712 | Astronics Corp.* | 9,512 | ||||
415 | Astronics Corp., Class B* | 4,565 | ||||
964 | Axon Enterprise, Inc.* | 216,755 | ||||
9,345 | Boeing Co. (The)* | 1,985,158 | ||||
3,558 | BWX Technologies, Inc. | 224,296 | ||||
685 | CPI Aerostructures, Inc.* | 2,603 | ||||
1,414 | Curtiss-Wright Corp. | 249,232 | ||||
625 | Ducommun, Inc.* | 34,194 | ||||
3,743 | General Dynamics Corp. | 854,190 | ||||
826 | HEICO Corp. | 141,279 | ||||
1,242 | HEICO Corp., Class A | 168,788 | ||||
3,008 | Hexcel Corp. | 205,296 | ||||
8,662 | Howmet Aerospace, Inc. | 367,009 | ||||
1,674 | Huntington Ingalls Industries, Inc. | 346,551 | ||||
870 | Kaman Corp., Class A | 19,888 | ||||
6,214 | Kratos Defense & Security Solutions, Inc.* | 83,765 | ||||
2,920 | L3Harris Technologies, Inc. | 573,021 | ||||
5,844 | Lockheed Martin Corp. | 2,762,634 | ||||
1,678 | Mercury Systems, Inc.* | 85,779 | ||||
1,464 | Moog, Inc., Class A | 147,498 | ||||
343 | National Presto Industries, Inc. | 24,727 | ||||
1,734 | Northrop Grumman Corp. | 800,622 | ||||
953 | Park Aerospace Corp., Class C | 12,818 | ||||
4,159 | Parsons Corp.* | 186,074 | ||||
22,411 | Raytheon Technologies Corp. | 2,194,709 | ||||
5,384 | Textron, Inc. | 380,272 | ||||
852 | TransDigm Group, Inc. | 627,967 | ||||
337 | V2X, Inc.* | 13,386 | ||||
1,431 | Woodward, Inc. | 139,336 | ||||
|
|
| ||||
13,099,372 | ||||||
|
|
| ||||
Air Freight & Logistics (0.9%): |
| |||||
3,159 | Air Transport Services Group, Inc.* | 65,802 | ||||
3,852 | C.H. Robinson Worldwide, Inc. | 382,773 | ||||
4,824 | Expeditors International of Washington, Inc. | 531,219 | ||||
8,733 | FedEx Corp. | 1,995,403 | ||||
1,224 | Forward Air Corp. | 131,898 | ||||
4,705 | GXO Logistics, Inc.* | 237,414 | ||||
2,191 | Hub Group, Inc., Class A* | 183,913 | ||||
3,266 | Radiant Logistics, Inc.* | 21,425 | ||||
18,463 | United Parcel Service, Inc., Class B | 3,581,638 | ||||
|
|
| ||||
7,131,485 | ||||||
|
|
| ||||
Automobile Components (1.9%): |
| |||||
3,555 | Adient plc* | 145,613 | ||||
10,209 | American Axle & Manufacturing Holdings, Inc.* | 79,732 | ||||
4,483 | Aptiv plc* | 502,948 | ||||
5,083 | Autoliv, Inc. | 474,549 | ||||
6,870 | BorgWarner, Inc. | 337,386 | ||||
1,256 | Cooper-Standard Holdings, Inc.* | 17,885 | ||||
5,990 | Dana, Inc. | 90,149 | ||||
1,280 | Dorman Products, Inc. | 110,413 | ||||
88,407 | Ford Motor Co. | 1,113,928 | ||||
1,423 | Fox Factory Holding Corp.* | 172,709 | ||||
30,705 | General Motors Co. | 1,126,259 | ||||
11,047 | Gentex Corp. | 309,647 | ||||
999 | Gentherm, Inc.* | 60,360 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Automobile Components, continued |
| |||||
15,806 | Goodyear Tire & Rubber Co. (The)* | $ | 174,182 | |||
10,003 | Harley-Davidson, Inc. | 379,814 | ||||
578 | LCI Industries | 63,505 | ||||
3,167 | Lear Corp. | 441,765 | ||||
3,637 | Modine Manufacturing Co.* | 83,833 | ||||
1,190 | Motorcar Parts of America, Inc.* | 8,854 | ||||
1,356 | Patrick Industries, Inc. | 93,306 | ||||
2,366 | QuantumScape Corp.* | 19,354 | ||||
13,446 | Rivian Automotive, Inc., Class A* | 208,144 | ||||
616 | Standard Motor Products, Inc. | 22,737 | ||||
587 | Stoneridge, Inc.* | 10,977 | ||||
275 | Strattec Security Corp.* | 6,256 | ||||
39,227 | Tesla, Inc.* | 8,138,033 | ||||
3,576 | Thor Industries, Inc. | 284,793 | ||||
1,184 | Visteon Corp.* | 185,687 | ||||
2,086 | Winnebago Industries, Inc. | 120,362 | ||||
400 | XPEL, Inc.* | 27,180 | ||||
|
|
| ||||
14,810,360 | ||||||
|
|
| ||||
Banks (4.2%): |
| |||||
859 | 1st Source Corp. | 37,066 | ||||
504 | ACNB Corp. | 16,405 | ||||
1,092 | Amalgamated Financial Corp. | 19,317 | ||||
661 | American National Bankshares, Inc. | 20,954 | ||||
3,429 | Ameris Bancorp | 125,433 | ||||
704 | Ames National Corp. | 14,643 | ||||
1,045 | Arrow Financial Corp. | 26,031 | ||||
8,497 | Associated Banc-Corp. | 152,776 | ||||
4,209 | Atlantic Union Bankshares Corp. | 147,525 | ||||
3,462 | Axos Financial, Inc.* | 127,817 | ||||
2,056 | Banc of California, Inc. | 25,762 | ||||
1,452 | BancFirst Corp. | 120,661 | ||||
2,831 | Bancorp, Inc. (The)* | 78,843 | ||||
106,651 | Bank of America Corp. | 3,050,219 | ||||
1,028 | Bank of Hawaii Corp. | 53,538 | ||||
724 | Bank of Marin Bancorp | 15,848 | ||||
3,254 | Bank of NT Butterfield & Son, Ltd. (The) | 87,858 | ||||
6,593 | Bank OZK | 225,481 | ||||
1,591 | BankFinancial Corp. | 13,921 | ||||
4,263 | BankUnited, Inc. | 96,259 | ||||
2,014 | Banner Corp. | 109,501 | ||||
433 | Bar Harbor Bankshares | 11,453 | ||||
842 | BCB Bancorp, Inc. | 11,055 | ||||
1,898 | Berkshire Hills Bancorp, Inc. | 47,564 | ||||
3,037 | BOK Financial Corp. | 256,353 | ||||
2,707 | Brookline Bancorp, Inc. | 28,424 | ||||
977 | Byline BanCorp, Inc. | 21,123 | ||||
74 | C&F Financial Corp. | 3,827 | ||||
10,276 | Cadence Bank | 213,330 | ||||
256 | Cambridge Bancorp | 16,591 | ||||
843 | Camden National Corp. | 30,508 | ||||
489 | Capital City Bank Group, Inc. | 14,333 | ||||
10,139 | Capitol Federal Financial, Inc. | 68,235 | ||||
1,023 | Carter Bankshares, Inc.* | 14,322 | ||||
4,087 | Cathay General Bancorp | 141,083 | ||||
1,402 | Central Pacific Financial Corp. | 25,096 | ||||
933 | Central Valley Community Bancorp | 19,201 | ||||
377 | Chemung Financial Corp. | 15,646 | ||||
29,748 | Citigroup, Inc. | 1,394,884 |
See accompanying notes to the schedules of portfolio investments.
35
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Banks, continued |
| |||||
943 | Citizens & Northern Corp. | $ | 20,161 | |||
12,807 | Citizens Financial Group, Inc. | 388,949 | ||||
552 | Citizens Holding Co. | 6,668 | ||||
365 | City Holding Co. | 33,171 | ||||
938 | Civista Bancshares, Inc. | 15,833 | ||||
735 | CNB Financial Corp. | 14,112 | ||||
85 | Codorus Valley Bancorp, Inc. | 1,764 | ||||
56 | Colony Bankcorp, Inc. | 571 | ||||
6,027 | Columbia Banking System, Inc. | 129,098 | ||||
4,298 | Columbia Financial, Inc.* | 78,567 | ||||
191 | Comerica, Inc. | 8,293 | ||||
2,946 | Commerce Bancshares, Inc. | 171,899 | ||||
3,029 | Community Bank System, Inc. | 158,992 | ||||
517 | Community Trust Bancorp, Inc. | 19,620 | ||||
1,154 | ConnectOne Bancorp, Inc. | 20,403 | ||||
3,043 | Cullen/Frost Bankers, Inc. | 320,550 | ||||
1,643 | Customers Bancorp, Inc.* | 30,428 | ||||
2,243 | CVB Financial Corp. | 37,413 | ||||
1,876 | Dime Community Bancshares, Inc. | 42,623 | ||||
1,065 | Eagle Bancorp, Inc. | 35,646 | ||||
2,719 | East West Bancorp, Inc. | 150,904 | ||||
4,884 | Eastern Bankshares, Inc. | 61,636 | ||||
1,120 | Enterprise Financial Services Corp. | 49,941 | ||||
682 | Equity Bancshares, Inc. | 16,620 | ||||
855 | ESSA Bancorp, Inc. | 13,441 | ||||
312 | Evans Bancorp, Inc. | 10,472 | ||||
20,310 | F.N.B. Corp. | 235,596 | ||||
1,329 | Farmers National Banc Corp. | 16,799 | ||||
1,860 | FB Financial Corp. | 57,809 | ||||
20,011 | Fifth Third Bancorp | 533,093 | ||||
1,053 | Financial Institutions, Inc. | 20,302 | ||||
12,501 | First BanCorp | 142,761 | ||||
814 | First Bancorp, Inc. (The) | 21,074 | ||||
2,566 | First Bancorp/Southern Pines NC | 91,144 | ||||
611 | First Bancshares, Inc. (The) | 15,782 | ||||
2,494 | First Busey Corp. | 50,728 | ||||
664 | First Business Financial Services, Inc. | 20,259 | ||||
408 | First Capital, Inc. | 10,465 | ||||
24 | First Citizens BancShares, Inc., Class A | 23,354 | ||||
6,217 | First Commonwealth Financial Corp. | 77,277 | ||||
512 | First Community Bankshares | 12,826 | ||||
4,544 | First Financial Bancorp | 98,923 | ||||
6,313 | First Financial Bankshares, Inc. | 201,385 | ||||
536 | First Financial Corp. | 20,089 | ||||
733 | First Financial Northwest, Inc. | 9,360 | ||||
1,155 | First Foundation, Inc. | 8,605 | ||||
7,191 | First Hawaiian, Inc. | 148,350 | ||||
12,573 | First Horizon Corp. | 223,548 | ||||
5,816 | First Interstate BancSystem, Inc., Class A | 173,666 | ||||
3,120 | First Merchants Corp. | 102,804 | ||||
660 | First Mid Bancshares, Inc. | 17,965 | ||||
1,573 | First of Long Island Corp. (The) | 21,236 | ||||
1,741 | First Republic Bank | 24,357 | ||||
2,253 | Flushing Financial Corp. | 33,547 | ||||
9,404 | Fulton Financial Corp. | 129,963 | ||||
769 | German American Bancorp, Inc. | 25,662 | ||||
6,173 | Glacier Bancorp, Inc. | 259,328 | ||||
397 | Great Southern Bancorp, Inc. | 20,120 | ||||
16 | Greene County Bancorp, Inc. | 363 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Banks, continued |
| |||||
4,066 | Hancock Whitney Corp. | $ | 148,002 | |||
2,408 | Hanmi Financial Corp. | 44,717 | ||||
1,642 | HarborOne Bancorp, Inc. | 20,032 | ||||
44 | Hawthorn Bancshares, Inc. | 1,029 | ||||
636 | HBT Financial, Inc. | 12,542 | ||||
2,376 | Heartland Financial USA, Inc. | 91,143 | ||||
1,197 | Heritage Financial Corp. | 25,616 | ||||
2,010 | Hertiage Commerce Corp. | 16,743 | ||||
2,750 | Hilltop Holdings, Inc. | 81,593 | ||||
62 | Hingham Institution for Savings (The) | 14,473 | ||||
11,467 | Home Bancshares, Inc. | 248,949 | ||||
628 | HomeStreet, Inc. | 11,298 | ||||
484 | Hometrust Bancshares, Inc. | 11,902 | ||||
4,470 | Hope BanCorp, Inc. | 43,895 | ||||
1,071 | Horizon Bancorp, Inc. | 11,845 | ||||
17,788 | Huntington Bancshares, Inc. | 199,226 | ||||
413 | IF Bancorp, Inc. | 6,418 | ||||
855 | Independent Bank Corp. | 15,193 | ||||
1,436 | Independent Bank Corp. | 94,230 | ||||
2,348 | Independent Bank Group, Inc. | 108,830 | ||||
3,500 | International Bancshares Corp. | 149,870 | ||||
67,862 | JPMorgan Chase & Co. | 8,843,097 | ||||
2,442 | Kearny Financial Corp. | 19,829 | ||||
1,249 | Kentucky First Federal Bancorp | 7,806 | ||||
10,493 | KeyCorp | 131,372 | ||||
750 | Lake Shore Bancorp, Inc. | 7,568 | ||||
1,465 | Lakeland Bancorp, Inc. | 22,913 | ||||
1,343 | Lakeland Financial Corp. | 84,126 | ||||
579 | Landmark Bancorp, Inc. | 11,962 | ||||
712 | LCNB Corp. | 11,634 | ||||
1,274 | Live Oak Bancshares, Inc. | 31,047 | ||||
4,460 | M&T Bank Corp. | 533,282 | ||||
2,571 | Macatawa Bank Corp. | 26,276 | ||||
472 | Mercantile Bank Corp. | 14,434 | ||||
241 | Midland States BanCorp, Inc. | 5,162 | ||||
638 | MidWestone Financial Group, Inc. | 15,580 | ||||
702 | National Bank Holdings Corp. | 23,489 | ||||
514 | National Bankshares, Inc. | 16,170 | ||||
1,665 | NBT Bancorp, Inc. | 56,127 | ||||
19,583 | New York Community Bancorp, Inc. | 177,030 | ||||
373 | Nicolet Bankshares, Inc.* | 23,518 | ||||
1,501 | Northfield Bancorp, Inc. | 17,682 | ||||
510 | Northrim Bancorp, Inc. | 24,062 | ||||
7,376 | Northwest Bancshares, Inc. | 88,733 | ||||
511 | Norwood Financial Corp. | 15,034 | ||||
3,803 | Oceanfirst Financial Corp. | 70,279 | ||||
503 | Oconee Federal Financial Corp. | 9,306 | ||||
2,292 | OFG Bancorp | 57,162 | ||||
440 | Ohio Valley Banc Corp. | 10,300 | ||||
7,179 | Old National Bancorp | 103,521 | ||||
2,225 | Old Second Bancorp, Inc. | 31,284 | ||||
2,023 | Origin Bancorp, Inc. | 65,039 | ||||
638 | Orrstown Financial Services, Inc. | 12,671 | ||||
5,352 | Pacific Premier Bancorp, Inc. | 128,555 | ||||
2,447 | PacWest Bancorp^ | 23,809 | ||||
939 | Park National Corp. | 111,337 | ||||
1,240 | Pathward Financial, Inc. | 51,448 | ||||
1,165 | Peapack-Gladstone Financial Corp. | 34,507 | ||||
546 | Penns Woods Bancorp, Inc. | 12,613 |
See accompanying notes to the schedules of portfolio investments.
36
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Banks, continued |
| |||||
608 | Peoples Bancorp of North Carolina, Inc. | $ | 19,316 | |||
1,117 | Peoples Bancorp, Inc. | 28,763 | ||||
4,268 | Pinnacle Financial Partners, Inc. | 235,423 | ||||
6,161 | PNC Financial Services Group, Inc. (The) | 783,063 | ||||
4,802 | Popular, Inc. | 275,683 | ||||
432 | Preferred Bank Los Angeles | 23,678 | ||||
1,369 | Premier Financial Corp. | 28,379 | ||||
707 | Primis Financial Corp. | 6,808 | ||||
4,140 | Prosperity Bancshares, Inc. | 254,693 | ||||
679 | Provident Financial Holdings, Inc. | 9,255 | ||||
4,672 | Provident Financial Services, Inc. | 89,609 | ||||
606 | QCR Holdings, Inc. | 26,609 | ||||
487 | Rbb BanCorp | 7,549 | ||||
27,459 | Regions Financial Corp. | 509,639 | ||||
2,793 | Renasant Corp. | 85,410 | ||||
917 | Republic Bancorp, Inc., Class A | 38,908 | ||||
420 | Riverview Bancorp, Inc. | 2,243 | ||||
1,756 | S&T Bancorp, Inc. | 55,226 | ||||
296 | Salisbury Bancorp, Inc. | 7,134 | ||||
3,092 | Sandy Spring Bancorp, Inc. | 80,330 | ||||
1,366 | Seacoast Banking Corp of Florida | 32,374 | ||||
1,767 | ServisFirst Bancshares, Inc. | 96,531 | ||||
1,113 | Shore Bancshares, Inc. | 15,894 | ||||
1,028 | Sierra Bancorp | 17,702 | ||||
7,336 | Simmons First National Corp., Class A | 128,307 | ||||
561 | Southern Missouri Bancorp, Inc. | 20,987 | ||||
950 | Southside Bancshares, Inc. | 31,540 | ||||
3,439 | SouthState Corp. | 245,063 | ||||
2,578 | Stellar Bancorp, Inc. | 63,445 | ||||
1,764 | Sterling Bancorp, Inc.* | 9,984 | ||||
1,460 | Stock Yards Bancorp, Inc. | 80,504 | ||||
557 | Summit Financial Group, Inc. | 11,558 | ||||
8,225 | Synovus Financial Corp. | 253,577 | ||||
733 | Territorial Bancorp, Inc. | 14,154 | ||||
1,319 | Texas Capital Bancshares, Inc.* | 64,578 | ||||
490 | Tompkins Financial Corp. | 32,443 | ||||
4,196 | TowneBank | 111,823 | ||||
1,020 | TriCo Bancshares | 42,422 | ||||
1,001 | Triumph Financial, Inc.* | 58,118 | ||||
3,439 | Truist Financial Corp. | 117,270 | ||||
559 | TrustCo Bank Corp. NY | 17,854 | ||||
2,995 | Trustmark Corp. | 73,977 | ||||
35,335 | U.S. Bancorp | 1,273,827 | ||||
1,375 | UMB Financial Corp. | 79,365 | ||||
7,589 | United Bankshares, Inc. | 267,133 | ||||
6,479 | United Community Banks, Inc. | 182,189 | ||||
1,190 | United Security Bancshares | 7,592 | ||||
42 | Unity Bancorp, Inc. | 958 | ||||
850 | Univest Financial Corp. | 20,179 | ||||
23,069 | Valley National Bancorp | 213,158 | ||||
690 | Veritex Holdings, Inc. | 12,599 | ||||
4,015 | Washington Federal, Inc. | 120,932 | ||||
501 | Washington Trust Bancorp, Inc. | 17,365 | ||||
9,343 | Webster Financial Corp. | 368,301 | ||||
57,354 | Wells Fargo & Co. | 2,143,893 | ||||
3,211 | WesBanco, Inc. | 98,578 | ||||
1,062 | West BanCorp, Inc. | 19,403 | ||||
685 | Westamerica BanCorp | 30,345 | ||||
2,129 | Western Alliance Bancorp | 75,665 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Banks, continued |
| |||||
1,498 | Western New England BanCorp, Inc. | $ | 12,299 | |||
3,437 | Wintrust Financial Corp. | 250,729 | ||||
3,462 | WSFS Financial Corp. | 130,206 | ||||
2,715 | Zions Bancorp | 81,260 | ||||
|
|
| ||||
33,386,310 | ||||||
|
|
| ||||
Beverages (1.5%): |
| |||||
145 | Boston Beer Co., Inc. (The), Class A* | 47,662 | ||||
1,105 | Brown-Forman Corp., Class A | 72,035 | ||||
6,537 | Brown-Forman Corp., Class B | 420,133 | ||||
1,864 | Celsius Holdings, Inc.* | 173,240 | ||||
66,310 | Coca-Cola Co. (The) | 4,113,209 | ||||
325 | Coca-Cola Consolidated, Inc. | 173,901 | ||||
2,784 | Constellation Brands, Inc., Class A | 628,878 | ||||
3,686 | Duckhorn Portfolio, Inc. (The)* | 58,607 | ||||
13,154 | Keurig Dr Pepper, Inc. | 464,073 | ||||
838 | MGP Ingredients, Inc. | 81,051 | ||||
4,873 | Molson Coors Brewing Co., Class B | 251,837 | ||||
5,214 | Monster Beverage Corp.* | 281,608 | ||||
1,921 | National Beverage Corp.* | 101,275 | ||||
27,336 | PepsiCo, Inc. | 4,983,353 | ||||
|
|
| ||||
11,850,862 | ||||||
|
|
| ||||
Biotechnology (2.6%): |
| |||||
34,893 | AbbVie, Inc. | 5,560,897 | ||||
3,964 | Adverum Biotechnologies, Inc.* | 2,844 | ||||
2,583 | Agios Pharmaceuticals, Inc.* | 59,332 | ||||
3,000 | Alector, Inc.* | 18,570 | ||||
6,056 | Alkermes plc* | 170,719 | ||||
6,160 | Allakos, Inc.* | 27,412 | ||||
4,027 | Allogene Therapeutics, Inc.* | 19,893 | ||||
2,071 | Alnylam Pharmaceuticals, Inc.* | 414,863 | ||||
4,823 | Altimmune, Inc.* | 20,353 | ||||
11,085 | Amgen, Inc. | 2,679,799 | ||||
955 | AnaptysBio, Inc.* | 20,781 | ||||
955 | Anika Therapeutics, Inc.* | 27,428 | ||||
1,734 | Apellis Pharmaceuticals, Inc.* | 114,375 | ||||
4,012 | Arcus Biosciences, Inc.* | 73,179 | ||||
1,800 | Arcutis Biotherapeutics, Inc.* | 19,800 | ||||
1,907 | Atara Biotherapeutics, Inc.* | 5,530 | ||||
1,763 | Avidity Biosciences, Inc.* | 27,062 | ||||
3,076 | Beam Therapeutics, Inc.* | 94,187 | ||||
2,352 | Biogen, Inc.* | 653,927 | ||||
4,136 | BioMarin Pharmaceutical, Inc.* | 402,185 | ||||
1,469 | Bluebird Bio, Inc.* | 4,671 | ||||
5,471 | CareDx, Inc.* | 50,005 | ||||
1,101 | Celldex Therapeutics, Inc.* | 39,614 | ||||
900 | Chinook Therapeutics, Inc.* | 20,835 | ||||
4,392 | CRISPR Therapeutics AG* | 198,650 | ||||
2,869 | Deciphera Pharmaceuticals, Inc.* | 44,326 | ||||
1,534 | Denali Therapeutics, Inc.* | 35,343 | ||||
3,600 | Dynavax Technologies Corp.* | 35,316 | ||||
233 | Eagle Pharmaceuticals, Inc.* | 6,610 | ||||
1,370 | Editas Medicine, Inc.* | 9,933 | ||||
1,656 | Emergent BioSolutions, Inc.* | 17,156 | ||||
585 | Enanta Pharmaceuticals, Inc.* | 23,657 | ||||
3,952 | Exact Sciences Corp.* | 267,985 | ||||
14,390 | Exelixis, Inc.* | 279,310 | ||||
5,379 | Fate Therapeutics, Inc.* | 30,660 | ||||
1,432 | G1 Therapeutics, Inc.* | 3,838 | ||||
23,066 | Gilead Sciences, Inc. | 1,913,786 |
See accompanying notes to the schedules of portfolio investments.
37
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Biotechnology, continued |
| |||||
4,497 | Halozyme Therapeutics, Inc.* | $ | 171,740 | |||
2,007 | Horizon Therapeutics plc* | 219,044 | ||||
663 | Ideaya Biosciences, Inc.* | 9,103 | ||||
4,944 | Incyte Corp.* | 357,303 | ||||
961 | Intellia Therapeutics, Inc.* | 35,816 | ||||
585 | Ionis Pharmaceuticals, Inc.* | 20,908 | ||||
10,368 | Iovance Biotherapeutics, Inc.* | 63,348 | ||||
8,722 | Ironwood Pharmaceuticals, Inc.* | 91,755 | ||||
1,306 | iTeos Therapeutics, Inc.* | 17,775 | ||||
100 | Karuna Therapeutics, Inc.* | 18,164 | ||||
200 | Kodiak Sciences, Inc.* | 1,240 | ||||
367 | Krystal Biotech, Inc.* | 29,382 | ||||
3,563 | Kura Oncology, Inc.* | 43,576 | ||||
1,457 | Kymera Therapeutics, Inc.* | 43,171 | ||||
1,449 | Macrogenics, Inc.* | 10,389 | ||||
3,312 | Mirati Therapeutics, Inc.* | 123,140 | ||||
11,258 | Moderna, Inc.* | 1,729,004 | ||||
3,861 | Myriad Genetics, Inc.* | 89,691 | ||||
1,711 | Natera, Inc.* | 94,995 | ||||
2,115 | Neurocrine Biosciences, Inc.* | 214,080 | ||||
9,565 | PDL BioPharma, Inc.* | 25,443 | ||||
4,602 | Poseida Therapeutics, Inc.* | 14,174 | ||||
1,321 | Prothena Corp. plc* | 64,029 | ||||
4,160 | Recursion Pharmaceuticals, Inc., Class A* | 27,747 | ||||
1,668 | Regeneron Pharmaceuticals, Inc.* | 1,370,546 | ||||
1,759 | REGENXBIO, Inc.* | 33,263 | ||||
3,704 | Relay Therapeutics, Inc.* | 61,005 | ||||
2,810 | Replimune Group, Inc.* | 49,625 | ||||
4,502 | REVOLUTION Medicines, Inc.* | 97,513 | ||||
1,053 | Rhythm Pharmaceuticals, Inc.* | 18,786 | ||||
1,042 | Rocket Pharmaceuticals, Inc.* | 17,849 | ||||
1,793 | Sage Therapeutics, Inc.* | 75,234 | ||||
2,916 | Sangamo Therapeutics, Inc.* | 5,132 | ||||
555 | Sarepta Therapeutics, Inc.* | 76,496 | ||||
929 | Seagen, Inc.* | 188,095 | ||||
2,126 | Spectrum Pharmaceuticals, Inc.* | 1,595 | ||||
1,802 | SpringWorks Therapeutics, Inc.* | 46,383 | ||||
1,803 | Syndax Pharmaceuticals, Inc.* | 38,079 | ||||
4,070 | Twist Bioscience Corp.* | 61,376 | ||||
2,193 | United Therapeutics Corp.* | 491,144 | ||||
1,179 | Vanda Pharmaceuticals, Inc.* | 8,005 | ||||
2,930 | Vertex Pharmaceuticals, Inc.* | 923,155 | ||||
3,099 | Xencor, Inc.* | 86,431 | ||||
2,020 | Zentalis Pharmaceuticals, Inc.* | 34,744 | ||||
|
|
| ||||
20,594,304 | ||||||
|
|
| ||||
Broadline Retail (2.1%): |
| |||||
115,298 | Amazon.com, Inc.* | 11,909,130 | ||||
1,406 | Big Lots, Inc. | 15,410 | ||||
868 | Dillards, Inc., Class A | 267,066 | ||||
2,596 | Dollar General Corp. | 546,354 | ||||
4,839 | Dollar Tree, Inc.* | 694,639 | ||||
20,901 | eBay, Inc. | 927,377 | ||||
2,683 | Etsy, Inc.* | 298,698 | ||||
7,383 | Kohls Corp. | 173,796 | ||||
20,178 | Macys, Inc. | 352,913 | ||||
1,842 | Nordstrom, Inc. | 29,969 | ||||
2,669 | Ollies Bargain Outlet Holdings, Inc.* | 154,642 | ||||
8,810 | Qurate Retail, Inc., Class A* | 8,703 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Broadline Retail, continued |
| |||||
6,269 | Target Corp. | $ | 1,038,335 | |||
|
|
| ||||
16,417,032 | ||||||
|
|
| ||||
Building Products (1.0%): |
| |||||
3,670 | A O Smith Corp. | 253,780 | ||||
1,935 | AAON, Inc. | 187,095 | ||||
4,178 | Advanced Drainage Systems, Inc. | 351,829 | ||||
3,037 | Allegion plc | 324,139 | ||||
1,489 | Allegion plc | 158,921 | ||||
515 | American Woodmark Corp.* | 26,816 | ||||
1,085 | Apogee Enterprises, Inc. | 46,926 | ||||
2,450 | Armstrong World Industries, Inc. | 174,538 | ||||
6,227 | AZEK Co., Inc. (The)* | 146,584 | ||||
7,223 | Builders FirstSource, Inc.* | 641,258 | ||||
2,289 | Carlisle Cos., Inc. | 517,474 | ||||
32,578 | Carrier Global Corp. | 1,490,444 | ||||
547 | Csw Industrials, Inc. | 75,995 | ||||
2,444 | Fortune Brands Innovations, Inc. | 143,536 | ||||
1,001 | Gibraltar Industries, Inc.* | 48,549 | ||||
1,993 | Griffon Corp. | 63,796 | ||||
7,176 | Hayward Holdings, Inc.* | 84,103 | ||||
1,209 | Insteel Industries, Inc. | 33,634 | ||||
1,448 | Janus International Group, Inc.* | 14,277 | ||||
3,895 | JELD-WEN Holding, Inc.* | 49,311 | ||||
8,259 | Johnson Controls International plc | 497,357 | ||||
717 | Lennox International, Inc. | 180,168 | ||||
4,847 | Masco Corp. | 240,993 | ||||
681 | Masonite International Corp.* | 61,814 | ||||
2,444 | Masterbrand, Inc.* | 19,650 | ||||
6,751 | Owens Corning | 646,746 | ||||
3,379 | PGT Innovations, Inc.* | 84,847 | ||||
1,160 | Quanex Building Products Corp. | 24,975 | ||||
5,771 | Resideo Technologies, Inc.* | 105,494 | ||||
1,119 | Simpson Manufacturing Co., Inc. | 122,687 | ||||
918 | Tecnoglass, Inc. | 38,519 | ||||
3,686 | Trane Technologies plc | 678,150 | ||||
2,554 | Trex Co., Inc.* | 124,303 | ||||
3,214 | UFP Industries, Inc. | 255,417 | ||||
2,409 | Zurn Elkay Water Solutions Corp. | 51,456 | ||||
|
|
| ||||
7,965,581 | ||||||
|
|
| ||||
Capital Markets (2.8%): |
| |||||
837 | Affiliated Managers Group, Inc. | 119,206 | ||||
3,481 | Ameriprise Financial, Inc. | 1,066,927 | ||||
2,113 | Ares Management Corp., Class A | 176,309 | ||||
4,141 | Artisan Partners Asset Management, Inc., Class A | 132,429 | ||||
1,892 | AssetMark Financial Holdings, Inc.* | 59,503 | ||||
2,377 | Avantax, Inc.* | 62,563 | ||||
734 | B Riley Financial, Inc.^ | 20,838 | ||||
20,503 | Bank of New York Mellon Corp. (The) | 931,656 | ||||
19,837 | BGC Partners, Inc., Class A | 103,748 | ||||
1,692 | BlackRock, Inc., Class A | 1,132,151 | ||||
4,413 | Blackstone, Inc., Class A | 387,638 | ||||
902 | Brightsphere Investment Group, Inc. | 21,269 | ||||
9,271 | Carlyle Group, Inc. (The) | 287,957 | ||||
2,349 | Cboe Global Markets, Inc. | 315,330 | ||||
30,250 | Charles Schwab Corp. (The) | 1,584,495 | ||||
3,980 | CME Group, Inc. | 762,250 | ||||
1,396 | Cohen & Steers, Inc. | 89,288 | ||||
190 | Diamond Hill Investment Group | 31,270 | ||||
1,883 | Donnelley Financial Solutions, Inc.* | 76,939 |
See accompanying notes to the schedules of portfolio investments.
38
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Capital Markets, continued |
| |||||
18 | FactSet Research Systems, Inc. | $ | 7,472 | |||
4,926 | Federated Hermes, Inc., Class B | 197,730 | ||||
12,504 | Franklin Resources, Inc. | 336,858 | ||||
5,112 | Goldman Sachs Group, Inc. (The) | 1,672,186 | ||||
255 | Greenhill & Co., Inc. | 2,262 | ||||
1,730 | Hamilton Lane, Inc. | 127,985 | ||||
211 | Hennessy Advisors, Inc. | 1,633 | ||||
2,385 | Houlihan Lokey, Inc. | 208,664 | ||||
1,363 | Interactive Brokers Group, Inc., Class A | 112,529 | ||||
9,437 | Intercontinental Exchange, Inc. | 984,185 | ||||
20,618 | Invesco, Ltd. | 338,135 | ||||
9,330 | Janus Henderson Group plc | 248,551 | ||||
5,286 | Jefferies Financial Group, Inc. | 167,778 | ||||
6,751 | KKR & Co., Inc., Class A | 354,563 | ||||
1,669 | Lazard, Ltd., Class A | 55,261 | ||||
1,018 | LPL Financial Holdings, Inc. | 206,043 | ||||
337 | MarketAxess Holdings, Inc. | 131,865 | ||||
1,664 | Moelis & Co., Class A | 63,964 | ||||
3,160 | Moodys Corp. | 967,023 | ||||
30,644 | Morgan Stanley | 2,690,543 | ||||
415 | Morningstar, Inc. | 84,257 | ||||
64 | MSCI, Inc. | 35,820 | ||||
9,300 | Nasdaq, Inc. | 508,431 | ||||
6,118 | Northern Trust Corp. | 539,179 | ||||
1,608 | Open Lending Corp., Class A* | 11,320 | ||||
365 | Oppenheimer Holdings, Inc., Class A | 14,290 | ||||
1,002 | Piper Sandler Cos. | 138,887 | ||||
394 | PJT Partners, Inc. | 28,443 | ||||
6,328 | Raymond James Financial, Inc. | 590,213 | ||||
23,838 | Robinhood Markets, Inc., Class A* | 231,467 | ||||
3,591 | S&P Global, Inc. | 1,238,069 | ||||
4,050 | SEI Investments Co. | 233,078 | ||||
660 | Silvercrest Asset Management Group, Inc., Class A | 11,999 | ||||
9,110 | State Street Corp. | 689,536 | ||||
2,598 | StepStone Group, Inc., Class A | 63,053 | ||||
5,729 | Stifel Financial Corp. | 338,527 | ||||
1,192 | StoneX Group, Inc.* | 123,408 | ||||
5,903 | T. Rowe Price Group, Inc. | 666,449 | ||||
1,319 | Tradeweb Markets, Inc., Class A | 104,227 | ||||
1,975 | Victory Capital Holdings, Inc., Class A | 57,808 | ||||
4,929 | Virtu Financial, Inc., Class A | 93,158 | ||||
429 | Virtus Investment Partners, Inc. | 81,677 | ||||
425 | Westwood Holdings, Inc. | 4,764 | ||||
3,476 | WisdomTree, Inc. | 20,369 | ||||
|
|
| ||||
22,145,425 | ||||||
|
|
| ||||
Chemicals (2.2%): |
| |||||
1,366 | AdvanSix, Inc. | 52,277 | ||||
2,508 | Air Products and Chemicals, Inc. | 720,323 | ||||
2,650 | Albemarle Corp. | 585,756 | ||||
1,157 | American Vanguard Corp. | 25,315 | ||||
2,454 | Ashland, Inc. | 252,050 | ||||
2,333 | Avient Corp. | 96,026 | ||||
12,056 | Axalta Coating Systems, Ltd.* | 365,176 | ||||
1,038 | Balchem Corp. | 131,286 | ||||
3,723 | Cabot Corp. | 285,331 | ||||
2,236 | Celanese Corp. | 243,478 | ||||
10,243 | CF Industries Holdings, Inc. | 742,515 | ||||
328 | Chase Corp. | 34,352 | ||||
9,492 | Chemours Co. (The) | 284,191 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Chemicals, continued |
| |||||
11,433 | Corteva, Inc. | $ | 689,524 | |||
31,192 | Dow, Inc. | 1,709,945 | ||||
12,116 | DuPont de Nemours, Inc. | 869,565 | ||||
6,361 | Eastman Chemical Co. | 536,487 | ||||
3,052 | Ecolab, Inc. | 505,198 | ||||
4,830 | Ecovyst, Inc.* | 53,372 | ||||
11,145 | Element Solutions, Inc. | 215,210 | ||||
1,647 | FMC Corp. | 201,148 | ||||
3,222 | Futurefuel Corp. | 23,778 | ||||
1,394 | H.B. Fuller Co. | 95,419 | ||||
10,221 | Huntsman Corp. | 279,647 | ||||
1,105 | Ingevity Corp.* | 79,030 | ||||
976 | Innospec, Inc. | 100,206 | ||||
6,766 | International Flavors & Fragrances, Inc. | 622,201 | ||||
1,037 | Intrepid Potash, Inc.* | 28,621 | ||||
783 | Koppers Holdings, Inc. | 27,382 | ||||
2,011 | Kronos Worldwide, Inc. | 18,521 | ||||
3,339 | Linde plc | 1,186,814 | ||||
6,960 | Livent Corp.* | 151,171 | ||||
5,203 | LSB Industries, Inc.* | 53,747 | ||||
15,356 | LyondellBasell Industries NV, Class A | 1,441,775 | ||||
3,598 | Mativ Holdings, Inc. | 77,249 | ||||
971 | Minerals Technologies, Inc. | 58,668 | ||||
19,766 | Mosaic Co. (The) | 906,864 | ||||
641 | NewMarket Corp. | 233,952 | ||||
9,717 | Olin Corp. | 539,294 | ||||
3,864 | Orion Engineered Carbons SA | 100,812 | ||||
4,945 | PPG Industries, Inc. | 660,553 | ||||
566 | Quaker Chemical Corp. | 112,040 | ||||
3,631 | Rayonier Advanced Materials, Inc.* | 22,766 | ||||
2,918 | RPM International, Inc. | 254,566 | ||||
1,838 | Scotts Miracle-Gro Co. (The) | 128,182 | ||||
1,384 | Sensient Technologies Corp. | 105,959 | ||||
4,841 | Sherwin-Williams Co. (The) | 1,088,112 | ||||
569 | Stepan Co. | 58,624 | ||||
1,070 | Tredegar Corp. | 9,769 | ||||
1,279 | Trinseo PLC | 26,667 | ||||
8,722 | Tronox Holdings plc, Class A | 125,422 | ||||
2,580 | Valvoline, Inc. | 90,145 | ||||
4,276 | Venator Materials plc* | 1,731 | ||||
1,765 | Westlake Corp. | 204,705 | ||||
|
|
| ||||
17,512,917 | ||||||
|
|
| ||||
Commercial Services & Supplies (0.8%): |
| |||||
2,950 | ABM Industries, Inc. | 132,573 | ||||
2,927 | ACCO Brands Corp. | 15,572 | ||||
1,452 | Brady Corp., Class A | 78,016 | ||||
1,624 | Brinks Co. (The) | 108,483 | ||||
2,141 | Casella Waste Systems, Inc.* | 176,975 | ||||
2,003 | CECO Environmental Corp.* | 28,022 | ||||
1,318 | Cimpress plc* | 57,755 | ||||
1,690 | Cintas Corp. | 781,929 | ||||
433 | Civeo Corp.* | 8,941 | ||||
1,694 | Clean Harbors, Inc.* | 241,497 | ||||
10,013 | Copart, Inc.* | 753,078 | ||||
1,498 | Deluxe Corp. | 23,968 | ||||
720 | Driven Brands Holdings, Inc.* | 21,823 | ||||
1,613 | Ennis, Inc. | 34,018 | ||||
2,503 | Harsco Corp.* | 17,095 | ||||
2,148 | Healthcare Services Group, Inc. | 29,793 |
See accompanying notes to the schedules of portfolio investments.
39
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Commercial Services & Supplies, continued |
| |||||
1,042 | Heritage-Crystal Clean, Inc.* | $ | 37,106 | |||
3,250 | HNI Corp. | 90,480 | ||||
2,041 | Interface, Inc. | 16,573 | ||||
5,118 | KAR Auction Services, Inc.* | 70,014 | ||||
2,829 | Kimball International, Inc., Class B | 35,080 | ||||
1,736 | Liquidity Services, Inc.* | 22,863 | ||||
919 | Matthews International Corp., Class A | 33,139 | ||||
3,432 | MillerKnoll, Inc. | 70,184 | ||||
400 | Montrose Environmental Group, Inc.* | 14,268 | ||||
691 | MSA Safety, Inc. | 92,248 | ||||
1,552 | NL Industries, Inc. | 9,405 | ||||
4,238 | Pitney Bowes, Inc. | 16,486 | ||||
2,606 | Quad Graphics, Inc.* | 11,180 | ||||
4,351 | Republic Services, Inc. | 588,342 | ||||
1,377 | Ritchie Bros Auctioneers, Inc. | 77,511 | ||||
8,305 | Rollins, Inc. | 311,687 | ||||
503 | SP Plus Corp.* | 17,248 | ||||
2,563 | Steelcase, Inc., Class A | 21,580 | ||||
3,518 | Stericycle, Inc.* | 153,420 | ||||
1,527 | Tetra Tech, Inc. | 224,332 | ||||
841 | UniFirst Corp. | 148,209 | ||||
1,003 | Viad Corp.* | 20,903 | ||||
824 | Vse Corp. | 36,998 | ||||
9,196 | Waste Management, Inc. | 1,500,511 | ||||
|
|
| ||||
6,129,305 | ||||||
|
|
| ||||
Communications Equipment (0.8%): |
| |||||
1,069 | ADTRAN Holdings, Inc. | 16,954 | ||||
752 | Applied Optoelectronics, Inc.* | 1,662 | ||||
2,313 | Arista Networks, Inc.* | 388,260 | ||||
1,829 | CalAmp Corp.* | 6,566 | ||||
1,990 | Calix, Inc.* | 106,644 | ||||
6,617 | Ciena Corp.* | 347,525 | ||||
69,452 | Cisco Systems, Inc. | 3,630,603 | ||||
6,102 | CommScope Holding Co., Inc.* | 38,870 | ||||
756 | Comtech Telecommunications Corp. | 9,435 | ||||
1,262 | Digi International, Inc.* | 42,504 | ||||
1,189 | EMCORE Corp.* | 1,367 | ||||
4,340 | Extreme Networks, Inc.* | 82,981 | ||||
1,768 | F5, Inc.* | 257,580 | ||||
2,194 | Harmonic, Inc.* | 32,011 | ||||
2,944 | Infinera Corp.* | 22,846 | ||||
14,371 | Juniper Networks, Inc. | 494,650 | ||||
909 | KVH Industries, Inc.* | 10,344 | ||||
2,839 | Lumentum Holdings, Inc.* | 153,334 | ||||
1,185 | Motorola Solutions, Inc. | 339,064 | ||||
1,010 | NETGEAR, Inc.* | 18,695 | ||||
2,564 | NetScout Systems, Inc.* | 73,459 | ||||
3,679 | Ribbon Communications, Inc.* | 12,582 | ||||
2,004 | Viasat, Inc.* | 67,815 | ||||
7,865 | Viavi Solutions, Inc.* | 85,178 | ||||
|
|
| ||||
6,240,929 | ||||||
|
|
| ||||
Construction & Engineering (0.4%): |
| |||||
2,920 | AECOM | 246,214 | ||||
1,759 | Ameresco, Inc., Class A* | 86,578 | ||||
7,278 | API Group Corp.* | 163,609 | ||||
2,696 | Arcosa, Inc. | 170,145 | ||||
455 | Argan, Inc. | 18,414 | ||||
1,713 | Comfort Systems USA, Inc. | 250,029 | ||||
1,213 | Construction Partners, Inc., Class A* | 32,678 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Construction & Engineering, continued |
| |||||
959 | Dycom Industries, Inc.* | $ | 89,810 | |||
1,440 | EMCOR Group, Inc. | 234,130 | ||||
5,880 | Fluor Corp.* | 181,751 | ||||
1,277 | Granite Construction, Inc. | 52,459 | ||||
2,266 | Great Lakes Dredge & Dock Corp.* | 12,304 | ||||
656 | IES Holdings, Inc.* | 28,267 | ||||
1,682 | MasTec, Inc.* | 158,848 | ||||
1,750 | Matrix Service Co.* | 9,450 | ||||
9,107 | MDU Resources Group, Inc. | 277,581 | ||||
487 | MYR Group, Inc.* | 61,367 | ||||
841 | NV5 Global, Inc.* | 87,439 | ||||
2,101 | Orion Group Holdings, Inc.* | 5,442 | ||||
2,465 | Primoris Services Corp. | 60,787 | ||||
3,768 | Quanta Services, Inc. | 627,900 | ||||
1,469 | Sterling Infrastructure, Inc.* | 55,646 | ||||
1,648 | Tutor Perini Corp.* | 10,168 | ||||
653 | Valmont Industries, Inc. | 208,490 | ||||
7,973 | WillScot Mobile Mini Holdings Corp.* | 373,774 | ||||
|
|
| ||||
3,503,280 | ||||||
|
|
| ||||
Construction Materials (0.2%): |
| |||||
961 | Eagle Materials, Inc. | 141,027 | ||||
1,625 | Martin Marietta Materials, Inc. | 576,972 | ||||
6,589 | Summit Materials, Inc., Class A* | 187,721 | ||||
131 | U.S. Lime & Minerals, Inc. | 20,002 | ||||
3,480 | Vulcan Materials Co. | 597,029 | ||||
|
|
| ||||
1,522,751 | ||||||
|
|
| ||||
Consumer Finance (0.8%): |
| |||||
20,625 | Ally Financial, Inc. | 525,731 | ||||
8,402 | American Express Co. | 1,385,910 | ||||
3,407 | Bread Financial Holdings, Inc. | 103,300 | ||||
10,776 | Capital One Financial Corp. | 1,036,220 | ||||
1,912 | Consumer Portfolio Services, Inc.* | 20,439 | ||||
617 | Credit Acceptance Corp.* | 269,037 | ||||
15,177 | Discover Financial Services | 1,500,095 | ||||
1,171 | Encore Capital Group, Inc.* | 59,077 | ||||
1,657 | Enova International, Inc.* | 73,621 | ||||
3,948 | EZCORP, Inc., Class A* | 33,953 | ||||
2,555 | FirstCash Holdings, Inc. | 243,670 | ||||
1,425 | Green Dot Corp., Class A* | 24,481 | ||||
5,431 | LendingClub Corp.* | 39,157 | ||||
194 | LendingTree, Inc.* | 5,172 | ||||
3,504 | Navient Corp. | 56,029 | ||||
543 | Nelnet, Inc., Class A | 49,896 | ||||
750 | Nicholas Financial, Inc.* | 4,455 | ||||
8,505 | OneMain Holdings, Inc. | 315,365 | ||||
2,635 | PRA Group, Inc.* | 102,660 | ||||
2,187 | PROG Holdings, Inc.* | 52,029 | ||||
568 | Regional Mgmt Corp. | 14,819 | ||||
16,979 | SLM Corp. | 210,370 | ||||
19,261 | Synchrony Financial | 560,110 | ||||
237 | World Acceptance Corp.* | 19,740 | ||||
|
|
| ||||
6,705,336 | ||||||
|
|
| ||||
Consumer Staples Distribution & Retail (1.5%): |
| |||||
8,679 | Albertsons Cos., Inc., Class A | 180,350 | ||||
6,948 | BJs Wholesale Club Holdings, Inc.* | 528,534 | ||||
235 | Caseys General Stores, Inc. | 50,868 | ||||
5,931 | Costco Wholesale Corp. | 2,946,936 | ||||
3,350 | Grocery Outlet Holding Corp.* | 94,671 |
See accompanying notes to the schedules of portfolio investments.
40
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Consumer Staples Distribution & Retail, continued |
| |||||
613 | Ingles Markets, Inc., Class A | $ | 54,373 | |||
35,501 | Kroger Co. (The) | 1,752,685 | ||||
1,720 | Natural Grocers by Vitamin Cottage, Inc. | 20,210 | ||||
7,395 | Performance Food Group Co.* | 446,214 | ||||
1,664 | PriceSmart, Inc. | 118,943 | ||||
2,949 | SpartanNash Co. | 73,135 | ||||
6,836 | Sprouts Farmers Market, Inc.* | 239,465 | ||||
10,148 | Sysco Corp. | 783,730 | ||||
1,610 | The Andersons, Inc. | 66,525 | ||||
1,143 | The Chefs Warehouse, Inc.* | 38,919 | ||||
3,889 | United Natural Foods, Inc.* | 102,475 | ||||
12,029 | US Foods Holding Corp.* | 444,351 | ||||
738 | Village Super Market, Inc., Class A | 16,886 | ||||
8,238 | Walgreens Boots Alliance, Inc. | 284,870 | ||||
25,449 | Walmart, Inc. | 3,752,455 | ||||
857 | Weis Markets, Inc. | 72,562 | ||||
|
|
| ||||
12,069,157 | ||||||
|
|
| ||||
Containers & Packaging (0.7%): |
| |||||
27,134 | Amcor plc | 308,785 | ||||
21,700 | Amcor plc | 246,946 | ||||
3,091 | AptarGroup, Inc. | 365,325 | ||||
2,194 | Avery Dennison Corp. | 392,572 | ||||
12,268 | Ball Corp. | 676,089 | ||||
6,043 | Berry Global Group, Inc. | 355,933 | ||||
2,919 | Crown Holdings, Inc. | 241,431 | ||||
15,239 | Graphic Packaging Holding Co. | 388,442 | ||||
930 | Greif, Inc., Class A | 58,934 | ||||
710 | Greif, Inc., Class B | 54,329 | ||||
10,283 | International Paper Co. | 370,805 | ||||
1,253 | Myers Industries, Inc. | 26,852 | ||||
9,822 | O-I Glass, Inc.* | 223,058 | ||||
4,434 | Packaging Corp. of America | 615,572 | ||||
4,758 | Sealed Air Corp. | 218,440 | ||||
3,186 | Silgan Holdings, Inc. | 170,993 | ||||
4,847 | Sonoco Products Co. | 295,667 | ||||
2,518 | TriMas Corp. | 70,151 | ||||
13,657 | Westrock Co. | 416,129 | ||||
|
|
| ||||
5,496,453 | ||||||
|
|
| ||||
Distributors (0.2%): |
| |||||
1,267 | Funko, Inc., Class A* | 11,948 | ||||
5,482 | Genuine Parts Co. | 917,194 | ||||
7,015 | LKQ Corp. | 398,171 | ||||
659 | Pool Corp. | 225,668 | ||||
811 | Weyco Group, Inc. | 20,518 | ||||
|
|
| ||||
1,573,499 | ||||||
|
|
| ||||
Diversified Consumer Services (0.3%): |
| |||||
28,860 | ADT, Inc. | 208,658 | ||||
2,373 | Adtalem Global Education, Inc.* | 91,645 | ||||
541 | American Public Education, Inc.* | 2,932 | ||||
2,428 | Bright Horizons Family Solutions, Inc.* | 186,932 | ||||
418 | Carriage Services, Inc. | 12,757 | ||||
5,672 | Chegg, Inc.* | 92,454 | ||||
6,110 | Coursera, Inc.* | 70,387 | ||||
3,669 | Frontdoor, Inc.* | 102,292 | ||||
112 | Graham Holdings Co., Class B | 66,734 | ||||
1,270 | Grand Canyon Education, Inc.* | 144,653 | ||||
6,598 | H&R Block, Inc. | 232,580 | ||||
6,794 | Laureate Education, Inc. | 79,897 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Diversified Consumer Services, continued |
| |||||
2,352 | OneSpaWorld Holdings, Ltd.* | $ | 28,200 | |||
2,522 | Perdoceo Education Corp.* | 33,870 | ||||
5,963 | PowerSchool Holdings, Inc.* | 118,187 | ||||
5,854 | Service Corp. International | 402,638 | ||||
825 | Strategic Education, Inc. | 74,110 | ||||
2,454 | Stride, Inc.* | 96,320 | ||||
1,696 | Universal Technical Institute, Inc.* | 12,516 | ||||
|
|
| ||||
2,057,762 | ||||||
|
|
| ||||
Diversified Telecommunication Services (1.3%): |
| |||||
398 | Anterix, Inc.* | 13,150 | ||||
155,308 | AT&T, Inc. | 2,989,679 | ||||
461 | ATN International, Inc. | 18,864 | ||||
1,203 | Cogent Communications Holdings, Inc. | 76,655 | ||||
4,558 | Consolidated Communications Holdings, Inc.* | 11,760 | ||||
1,548 | EchoStar Corp., Class A* | 28,313 | ||||
7,588 | Frontier Communications Parent, Inc.* | 172,779 | ||||
1,080 | IDT Corp.* | 36,806 | ||||
3,409 | Iridium Communications, Inc. | 211,119 | ||||
1,489 | Liberty Latin America, Ltd.* | 12,374 | ||||
8,852 | Liberty Latin America, Ltd., Class C* | 73,118 | ||||
26,553 | Lumen Technologies, Inc. | 70,365 | ||||
160,099 | Verizon Communications, Inc. | 6,226,250 | ||||
|
|
| ||||
9,941,232 | ||||||
|
|
| ||||
Electric Utilities (1.6%): |
| |||||
1,925 | ALLETE, Inc. | 123,912 | ||||
5,422 | Alliant Energy Corp. | 289,535 | ||||
7,586 | American Electric Power Co., Inc. | 690,250 | ||||
2,629 | Avangrid, Inc. | 104,845 | ||||
5,643 | Constellation Energy Corp. | 442,975 | ||||
11,675 | Duke Energy Corp. | 1,126,287 | ||||
8,259 | Edison International | 583,003 | ||||
4,564 | Entergy Corp. | 491,725 | ||||
4,954 | Evergy, Inc. | 302,788 | ||||
7,006 | Eversource Energy | 548,290 | ||||
15,381 | Exelon Corp. | 644,310 | ||||
11,345 | FirstEnergy Corp. | 454,481 | ||||
1,272 | Genie Energy, Ltd., Class B | 17,579 | ||||
1,318 | Hawaiian Electric Industries, Inc. | 50,611 | ||||
2,089 | IDACORP, Inc. | 226,301 | ||||
1,599 | MGE Energy, Inc. | 124,194 | ||||
28,784 | NextEra Energy, Inc. | 2,218,671 | ||||
4,318 | NRG Energy, Inc. | 148,064 | ||||
8,705 | OGE Energy Corp. | 327,830 | ||||
1,495 | Otter Tail Corp. | 108,044 | ||||
38,335 | PG&E Corp.* | 619,877 | ||||
4,919 | Pinnacle West Capital Corp. | 389,782 | ||||
3,114 | PNM Resources, Inc. | 151,590 | ||||
3,874 | Portland General Electric Co. | 189,400 | ||||
15,902 | PPL Corp. | 441,917 | ||||
16,531 | Southern Co. (The) | 1,150,227 | ||||
11,257 | Xcel Energy, Inc. | 759,172 | ||||
|
|
| ||||
12,725,660 | ||||||
|
|
| ||||
Electrical Equipment (0.9%): |
| |||||
1,082 | Acuity Brands, Inc. | 197,714 | ||||
424 | Allied Motion Technologies, Inc. | 16,388 | ||||
6,021 | AMETEK, Inc. | 875,032 | ||||
2,048 | Atkore, Inc.* | 287,703 | ||||
394 | AZZ, Inc. | 16,248 |
See accompanying notes to the schedules of portfolio investments.
41
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Electrical Equipment, continued |
| |||||
6,697 | Eaton Corp. plc | $ | 1,147,464 | |||
6,867 | Emerson Electric Co. | 598,390 | ||||
1,271 | Encore Wire Corp. | 235,554 | ||||
1,312 | EnerSys | 113,987 | ||||
9,782 | FuelCell Energy, Inc.* | 27,879 | ||||
1,659 | Generac Holdings, Inc.* | 179,189 | ||||
14,859 | GrafTech International, Ltd. | 72,215 | ||||
1,609 | Hubbell, Inc. | 391,486 | ||||
1,831 | LSI Industries, Inc. | 25,506 | ||||
7,325 | nVent Electric plc | 314,535 | ||||
79 | Pineapple Holdings, Inc.* | 126 | ||||
14,602 | Plug Power, Inc.* | 171,135 | ||||
606 | Powell Industries, Inc. | 25,809 | ||||
400 | Preformed Line Products Co. | 51,216 | ||||
2,995 | Regal Rexnord Corp. | 421,486 | ||||
2,415 | Rockwell Automation, Inc. | 708,682 | ||||
7,206 | Sensata Technologies Holding plc | 360,444 | ||||
5,500 | Shoals Technologies Group, Inc., Class A* | 125,345 | ||||
5,277 | SunPower Corp.* | 73,034 | ||||
11,971 | Sunrun, Inc.* | 241,216 | ||||
1,298 | Thermon Group Holdings, Inc.* | 32,346 | ||||
742 | TPI Composites, Inc.* | 9,683 | ||||
1,148 | Vicor Corp.* | 53,887 | ||||
|
|
| ||||
6,773,699 | ||||||
|
|
| ||||
Electronic Equipment, Instruments & Components (1.3%): |
| |||||
1,470 | Advanced Energy Industries, Inc. | 144,060 | ||||
10,614 | Amphenol Corp., Class A | 867,376 | ||||
2,582 | Arlo Technologies, Inc.* | 15,647 | ||||
3,284 | Arrow Electronics, Inc.* | 410,073 | ||||
5,071 | Avnet, Inc. | 229,209 | ||||
1,157 | Badger Meter, Inc. | 140,946 | ||||
550 | Bel Fuse, Inc., Class B | 20,669 | ||||
1,317 | Belden, Inc. | 114,276 | ||||
1,054 | Benchmark Electronics, Inc. | 24,969 | ||||
3,641 | CDW Corp. | 709,595 | ||||
3,610 | Cognex Corp. | 178,876 | ||||
1,971 | Coherent Corp.* | 75,056 | ||||
22,223 | Corning, Inc. | 784,027 | ||||
1,576 | CTS Corp. | 77,949 | ||||
2,838 | Daktronics, Inc.* | 16,091 | ||||
784 | ePlus, Inc.* | 38,447 | ||||
1,439 | Fabrinet* | 170,896 | ||||
392 | FARO Technologies, Inc.* | 9,647 | ||||
21,343 | Flex, Ltd.* | 491,102 | ||||
640 | Frequency Electronics, Inc. | 4,410 | ||||
1,494 | Insight Enterprises, Inc.* | 213,582 | ||||
1,164 | IPG Photonics Corp. | 143,533 | ||||
2,007 | Itron, Inc.* | 111,288 | ||||
9,489 | Jabil, Inc. | 836,550 | ||||
5,346 | Keysight Technologies, Inc.* | 863,272 | ||||
1,603 | Kimball Electronics, Inc.* | 38,632 | ||||
5,811 | Knowles Corp.* | 98,787 | ||||
672 | Littelfuse, Inc. | 180,157 | ||||
790 | Methode Electronics, Inc., Class A | 34,665 | ||||
2,559 | National Instruments Corp. | 134,117 | ||||
1,293 | Novanta, Inc.* | 205,703 | ||||
594 | OSI Systems, Inc.* | 60,802 | ||||
770 | PAR Technology Corp.* | 26,149 | ||||
1,121 | PC Connection, Inc. | 50,400 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Electronic Equipment, Instruments & Components, continued |
| |||||
1,323 | Plexus Corp.* | $ | 129,085 | |||
771 | Rogers Corp.* | 126,005 | ||||
2,630 | Sanmina Corp.* | 160,404 | ||||
738 | ScanSource, Inc.* | 22,465 | ||||
2,341 | TD SYNNEX Corp. | 226,585 | ||||
5,140 | TE Connectivity, Ltd. | 674,111 | ||||
1,042 | Teledyne Technologies, Inc.* | 466,149 | ||||
5,387 | Trimble, Inc.* | 282,387 | ||||
5,237 | TTM Technologies, Inc.* | 70,647 | ||||
5,343 | Vishay Intertechnology, Inc. | 120,859 | ||||
4,805 | Vontier Corp. | 131,369 | ||||
1,080 | Zebra Technologies Corp., Class A* | 343,440 | ||||
|
|
| ||||
10,274,464 | ||||||
|
|
| ||||
Energy Equipment & Services (0.7%): |
| |||||
6,728 | Archrock, Inc. | 65,733 | ||||
23,729 | Baker Hughes Co. | 684,819 | ||||
519 | Bristow Group, Inc.* | 11,626 | ||||
562 | Cactus, Inc., Class A | 23,171 | ||||
8,897 | ChampionX Corp. | 241,376 | ||||
1,337 | Core Laboratories NV | 29,481 | ||||
562 | DMC Global, Inc.* | 12,347 | ||||
1,028 | Dril-Quip, Inc.* | 29,493 | ||||
1,095 | Expro Group Holdings NV* | 20,104 | ||||
306 | Forum Energy Technologies, Inc.* | 7,782 | ||||
760 | Geospace Technologies Corp.* | 5,358 | ||||
1,086 | Gulf Island Fabrication, Inc.* | 4,018 | ||||
34,240 | Halliburton Co. | 1,083,354 | ||||
5,456 | Helix Energy Solutions Group, Inc.* | 42,229 | ||||
4,742 | Helmerich & Payne, Inc. | 169,526 | ||||
12,498 | Liberty Oilfield Services, Inc., Class A | 160,099 | ||||
1,436 | Mammoth Energy Services, Inc.* | 6,060 | ||||
734 | Nabors Industries, Ltd.* | 89,482 | ||||
935 | Natural Gas Services Group* | 9,640 | ||||
4,799 | Newpark Resources, Inc.* | 18,476 | ||||
15,779 | NexTier Oilfield Solutions, Inc.* | 125,443 | ||||
900 | Noble Corp plc* | 35,523 | ||||
17,732 | NOV, Inc. | 328,219 | ||||
6,071 | Oceaneering International, Inc.* | 107,032 | ||||
3,066 | Oil States International, Inc.* | 25,540 | ||||
14,267 | Patterson-UTI Energy, Inc. | 166,924 | ||||
8,148 | Propetro Holding Corp.* | 58,584 | ||||
10,425 | RPC, Inc. | 80,168 | ||||
23,946 | Schlumberger, Ltd. | 1,175,749 | ||||
493 | SEACOR Marine Holdings, Inc.* | 3,752 | ||||
3,974 | Select Energy Services, Inc. | 27,659 | ||||
17,526 | TechnipFMC plc* | 239,230 | ||||
4,086 | TETRA Technologies, Inc.* | 10,828 | ||||
2,580 | Tidewater, Inc.* | 113,726 | ||||
40,411 | Transocean, Ltd.* | 257,014 | ||||
4,546 | U.S. Silica Holdings, Inc.* | 54,279 | ||||
2,596 | Valaris, Ltd.* | 168,896 | ||||
3,081 | Weatherford International plc* | 182,857 | ||||
|
|
| ||||
5,875,597 | ||||||
|
|
| ||||
Entertainment (1.2%): |
| |||||
5,649 | Activision Blizzard, Inc. | 483,498 | ||||
6,453 | Cinemark Holdings, Inc.* | 95,440 | ||||
7,199 | Electronic Arts, Inc. | 867,120 | ||||
5,981 | Endeavor Group Holdings, Inc.* | 143,125 | ||||
2,645 | Imax Corp.* | 50,731 |
See accompanying notes to the schedules of portfolio investments.
42
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Entertainment, continued |
| |||||
247 | Liberty Media Corp.-Liberty Braves, Class A* | $ | 8,541 | |||
1,735 | Liberty Media Corp.-Liberty Braves, Class C* | 58,452 | ||||
619 | Liberty Media Corp-Liberty Formula One, Class A* | 41,782 | ||||
4,590 | Liberty Media Corp-Liberty Formula One, Class C* | 343,470 | ||||
2,111 | Lions Gate Entertainment Corp., Class A* | 23,369 | ||||
4,430 | Lions Gate Entertainment Corp., Class B* | 45,983 | ||||
4,978 | Live Nation Entertainment, Inc.* | 348,460 | ||||
894 | Madison Square Garden Entertainment Corp.* | 52,809 | ||||
719 | Madison Square Garden Sports Corp., Class A | 140,097 | ||||
1,459 | Marcus Corp. | 23,344 | ||||
5,300 | Netflix, Inc.* | 1,831,044 | ||||
3,472 | Playtika Holding Corp.* | 39,095 | ||||
1,419 | Reading International, Inc., Class A* | 4,612 | ||||
4,759 | ROBLOX Corp., Class A* | 214,060 | ||||
454 | Roku, Inc.* | 29,882 | ||||
2,452 | Spotify Technology SA* | 327,636 | ||||
4,473 | Take-Two Interactive Software, Inc.* | 533,629 | ||||
27,233 | Walt Disney Co. (The)* | 2,726,840 | ||||
62,039 | Warner Bros Discovery, Inc.* | 936,789 | ||||
3,714 | Warner Music Group Corp. | 123,936 | ||||
1,983 | World Wrestling Entertainment, Inc., Class A | 180,969 | ||||
|
|
| ||||
9,674,713 | ||||||
|
|
| ||||
Financial Services (1.4%): |
| |||||
981 | A-Mark Precious Metals, Inc. | 33,992 | ||||
11,682 | Apollo Global Management, Inc. | 737,835 | ||||
26,239 | Berkshire Hathaway, Inc., Class B* | 8,101,816 | ||||
2,704 | Cannae Holdings, Inc.* | 54,567 | ||||
11,963 | Equitable Holdings, Inc. | 303,740 | ||||
6,088 | Essent Group, Ltd. | 243,824 | ||||
403 | Federal Agricultural Mortgage Corp. | 53,676 | ||||
5,793 | Jackson Financial, Inc., Class A | 216,716 | ||||
16,357 | MGIC Investment Corp. | 219,511 | ||||
1,888 | Mr Cooper Group, Inc.* | 77,351 | ||||
4,107 | NMI Holdings, Inc., Class A* | 91,709 | ||||
465 | Ocwen Financial Corp.* | 12,611 | ||||
2,818 | PennyMac Financial Services, Inc. | 167,981 | ||||
8,853 | Radian Group, Inc. | 195,651 | ||||
3,168 | Repay Holdings Corp.* | 20,814 | ||||
4,694 | Rocket Cos., Inc., Class A* | 42,528 | ||||
9,473 | TFS Financial Corp. | 119,644 | ||||
5,224 | Voya Financial, Inc. | 373,307 | ||||
1,074 | Walker & Dunlop, Inc. | 81,807 | ||||
728 | Waterstone Financial, Inc. | 11,015 | ||||
|
|
| ||||
11,160,095 | ||||||
|
|
| ||||
Food Products (1.5%): |
| |||||
13,313 | Archer-Daniels-Midland Co. | 1,060,514 | ||||
2,035 | B&G Foods, Inc. | 31,604 | ||||
4,414 | Bunge, Ltd. | 421,625 | ||||
270 | Calavo Growers, Inc. | 7,768 | ||||
2,277 | Cal-Maine Foods, Inc. | 138,647 | ||||
8,996 | Campbell Soup Co. | 494,600 | ||||
12,177 | Conagra Brands, Inc. | 457,368 | ||||
8,936 | Darling Ingredients, Inc.* | 521,862 | ||||
1,004 | Farmer Brothers Co.* | 3,875 | ||||
9,807 | Flowers Foods, Inc. | 268,810 | ||||
2,403 | Fresh Del Monte Produce, Inc. | 72,354 | ||||
1,992 | Freshpet, Inc.* | 131,850 | ||||
10,045 | General Mills, Inc. | 858,446 | ||||
5,693 | Hain Celestial Group, Inc. (The)* | 97,635 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Food Products, continued |
| |||||
3,050 | Hershey Co. (The) | $ | 775,950 | |||
12,431 | Hormel Foods Corp. | 495,748 | ||||
7,722 | Hostess Brands, Inc.* | 192,123 | ||||
1,283 | Ingredion, Inc. | 130,520 | ||||
566 | J & J Snack Foods Corp. | 83,893 | ||||
2,460 | JM Smucker Co. (The) | 387,130 | ||||
300 | John B Sanfilippo & Son, Inc. | 29,076 | ||||
10,294 | Kellogg Co. | 689,286 | ||||
12,499 | Kraft Heinz Co. (The) | 483,336 | ||||
3,960 | Lamb Weston Holdings, Inc. | 413,899 | ||||
452 | Lancaster Colony Corp. | 91,702 | ||||
5,467 | McCormick & Co. | 454,909 | ||||
778 | McCormick & Co., Inc. | 64,263 | ||||
21,021 | Mondelez International, Inc., Class A | 1,465,584 | ||||
6,653 | Pilgrims Pride Corp.* | 154,217 | ||||
2,182 | Post Holdings, Inc.* | 196,096 | ||||
20 | Seaboard Corp. | 75,400 | ||||
266 | Seneca Foods Corp., Class A* | 13,904 | ||||
3,330 | Simply Good Foods Co. (The)* | 132,434 | ||||
1,400 | Sovos Brands, Inc.* | 23,352 | ||||
1,072 | Tootsie Roll Industries, Inc. | 48,144 | ||||
1,935 | TreeHouse Foods, Inc.* | 97,582 | ||||
8,411 | Tyson Foods, Inc., Class A | 498,941 | ||||
1,200 | Utz Brands, Inc. | 19,764 | ||||
1,400 | Vital Farms, Inc.* | 21,420 | ||||
|
|
| ||||
11,605,631 | ||||||
|
|
| ||||
Gas Utilities (0.2%): |
| |||||
2,798 | Atmos Energy Corp. | 314,383 | ||||
785 | Chesapeake Utilities Corp. | 100,472 | ||||
3,975 | National Fuel Gas Co. | 229,516 | ||||
4,288 | New Jersey Resources Corp. | 228,122 | ||||
1,716 | Northwest Natural Holding Co. | 81,613 | ||||
2,486 | ONE Gas, Inc. | 196,966 | ||||
232 | RGC Resources, Inc. | 5,380 | ||||
944 | Southwest Gas Holdings, Inc. | 58,953 | ||||
2,276 | Spire, Inc. | 159,639 | ||||
7,935 | UGI Corp. | 275,820 | ||||
|
|
| ||||
1,650,864 | ||||||
|
|
| ||||
Ground Transportation (1.1%): |
| |||||
957 | ArcBest Corp. | 88,446 | ||||
678 | Avis Budget Group, Inc.* | 132,074 | ||||
419 | Covenant Logistics Group, Inc. | 14,841 | ||||
39,708 | CSX Corp. | 1,188,858 | ||||
1,925 | Heartland Express, Inc. | 30,646 | ||||
19,110 | Hertz Global Holdings, Inc.* | 311,302 | ||||
4,049 | JB Hunt Transport Services, Inc. | 710,438 | ||||
8,617 | Knight-Swift Transportation Holdings, Inc. | 487,550 | ||||
1,791 | Landstar System, Inc. | 321,055 | ||||
3,089 | Lyft, Inc., Class A* | 28,635 | ||||
4,222 | Marten Transport, Ltd. | 88,451 | ||||
1,515 | Norfolk Southern Corp. | 321,180 | ||||
2,976 | Old Dominion Freight Line, Inc. | 1,014,340 | ||||
1,600 | PAM Transportation Services, Inc. | 45,808 | ||||
6,783 | RXO, Inc.* | 133,218 | ||||
1,902 | Ryder System, Inc. | 169,734 | ||||
576 | Saia, Inc.* | 156,718 | ||||
3,510 | Schneider National, Inc., Class B | 93,892 | ||||
13,473 | Uber Technologies, Inc.* | 427,094 | ||||
4,494 | U-Haul Holding Co. | 233,014 |
See accompanying notes to the schedules of portfolio investments.
43
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Ground Transportation, continued |
| |||||
1,170 | U-Haul Holding Co. | $ | 69,790 | |||
12,451 | Union Pacific Corp. | 2,505,888 | ||||
586 | Universal Logistics Holdings, Inc. | 17,082 | ||||
3,327 | Werner Enterprises, Inc. | 151,345 | ||||
2,834 | XPO Logistics, Inc.* | 90,405 | ||||
1,829 | Yellow Corp.* | 3,713 | ||||
|
|
| ||||
8,835,517 | ||||||
|
|
| ||||
Health Care (0.0%): |
| |||||
128 | Omniab, Inc.*(a) | | ||||
128 | Omniab, Inc.*(a) | | ||||
|
|
| ||||
| ||||||
|
|
| ||||
Health Care Equipment & Supplies (2.2%): |
| |||||
18,788 | Abbott Laboratories | 1,902,473 | ||||
2,269 | Accuray, Inc.* | 6,739 | ||||
1,611 | Align Technology, Inc.* | 538,300 | ||||
912 | AngioDynamics, Inc.* | 9,430 | ||||
1,619 | Artivion, Inc.* | 21,209 | ||||
1,507 | AtriCure, Inc.* | 62,465 | ||||
36 | Atrion Corp. | 22,605 | ||||
2,829 | Avanos Medical, Inc.* | 84,134 | ||||
744 | Axonics, Inc.* | 40,593 | ||||
24,965 | Baxter International, Inc. | 1,012,580 | ||||
4,490 | Becton Dickinson and Co. | 1,111,455 | ||||
17,259 | Boston Scientific Corp.* | 863,468 | ||||
1,265 | CONMED Corp. | 131,383 | ||||
658 | Cooper Cos., Inc. (The) | 245,671 | ||||
7,906 | DENTSPLY SIRONA, Inc. | 310,548 | ||||
3,438 | Dexcom, Inc.* | 399,427 | ||||
6,572 | Edwards Lifesciences Corp.* | 543,702 | ||||
994 | Embecta Corp. | 27,951 | ||||
1,499 | Enovis Corp.* | 80,182 | ||||
7,392 | Envista Holdings Corp.* | 302,185 | ||||
8,476 | Figs, Inc., Class A* | 52,466 | ||||
1,964 | GE HealthCare Technologies, Inc.* | 161,107 | ||||
1,546 | Glaukos Corp.* | 77,455 | ||||
3,457 | Globus Medical, Inc.* | 195,804 | ||||
1,142 | Haemonetics Corp.* | 94,500 | ||||
581 | Heska Corp.* | 56,717 | ||||
6,474 | Hologic, Inc.* | 522,452 | ||||
1,516 | IDEXX Laboratories, Inc.* | 758,121 | ||||
516 | Inari Medical, Inc.* | 31,858 | ||||
433 | Inogen, Inc.* | 5,404 | ||||
439 | Inspire Medical Systems, Inc.* | 102,757 | ||||
828 | Insulet Corp.* | 264,099 | ||||
1,895 | Integer Holdings Corp.* | 146,862 | ||||
3,384 | Integra LifeSciences Holdings Corp.* | 194,275 | ||||
2,969 | Intuitive Surgical, Inc.* | 758,490 | ||||
2,363 | Lantheus Holdings, Inc.* | 195,089 | ||||
809 | LeMaitre Vascular, Inc. | 41,639 | ||||
725 | LENSAR, Inc.* | 1,783 | ||||
3,507 | LivaNova plc* | 152,835 | ||||
692 | Masimo Corp.* | 127,702 | ||||
22,623 | Medtronic plc | 1,823,866 | ||||
2,177 | Merit Medical Systems, Inc.* | 160,989 | ||||
125 | Mesa Laboratories, Inc. | 21,841 | ||||
600 | Nevro Corp.* | 21,690 | ||||
1,600 | Novocure, Ltd.* | 96,224 | ||||
1,066 | NuVasive, Inc.* | 44,036 | ||||
1,974 | Omnicell, Inc.* | 115,815 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Health Care Equipment & Supplies, continued |
| |||||
2,205 | OraSure Technologies, Inc.* | $ | 13,340 | |||
825 | Orthofix Medical, Inc.* | 13,819 | ||||
929 | Penumbra, Inc.* | 258,903 | ||||
2,221 | ResMed, Inc. | 486,377 | ||||
775 | Shockwave Medical, Inc.* | 168,043 | ||||
1,569 | STAAR Surgical Co.* | 100,338 | ||||
1,882 | STERIS plc | 359,989 | ||||
4,066 | Stryker Corp. | 1,160,721 | ||||
110 | Surgalign Holdings, Inc.* | 176 | ||||
1,631 | Teleflex, Inc. | 413,149 | ||||
193 | UFP Technologies, Inc.* | 25,059 | ||||
227 | Utah Medical Products, Inc. | 21,513 | ||||
1,100 | Varex Imaging Corp.* | 20,009 | ||||
4,658 | Zimmer Biomet Holdings, Inc. | 601,814 | ||||
217 | Zimvie, Inc.* | 1,569 | ||||
|
|
| ||||
17,587,195 | ||||||
|
|
| ||||
Health Care Providers & Services (2.8%): |
| |||||
3,584 | Acadia Healthcare Co., Inc.* | 258,944 | ||||
1,600 | Accolade, Inc.* | 23,008 | ||||
643 | Addus HomeCare Corp.* | 68,647 | ||||
2,527 | Agiliti, Inc.* | 40,381 | ||||
10,047 | agilon health, Inc.* | 238,616 | ||||
1,363 | Amedisys, Inc.* | 100,249 | ||||
3,574 | AmerisourceBergen Corp. | 572,233 | ||||
2,838 | AMN Healthcare Services, Inc.* | 235,440 | ||||
1,245 | Apollo Medical Holdings, Inc.* | 45,405 | ||||
9,264 | Brookdale Senior Living, Inc.* | 27,329 | ||||
5,546 | Cardinal Health, Inc. | 418,723 | ||||
431 | Castle Biosciences, Inc.* | 9,792 | ||||
12,101 | Centene Corp.* | 764,904 | ||||
322 | Chemed Corp. | 173,156 | ||||
6,442 | Cigna Group (The) | 1,646,124 | ||||
5,028 | Community Health Systems, Inc. | 24,637 | ||||
603 | CorVel Corp.* | 114,739 | ||||
1,732 | Cross Country Healthcare, Inc.* | 38,658 | ||||
27,591 | CVS Health Corp. | 2,050,287 | ||||
2,342 | DaVita, Inc.* | 189,960 | ||||
3,617 | Elevance Health, Inc. | 1,663,133 | ||||
4,542 | Encompass Health Corp. | 245,722 | ||||
1,271 | Enhabit, Inc.* | 17,680 | ||||
1,449 | Ensign Group, Inc. (The) | 138,437 | ||||
790 | Fulgent Genetics, Inc.* | 24,664 | ||||
3,407 | HCA Healthcare, Inc. | 898,358 | ||||
3,759 | HealthEquity, Inc.* | 220,691 | ||||
3,487 | Henry Schein, Inc.* | 284,330 | ||||
1,995 | Humana, Inc. | 968,493 | ||||
1,529 | InfuSystem Holdings, Inc.* | 11,850 | ||||
2,606 | Laboratory Corp. of America Holdings | 597,869 | ||||
2,125 | McKesson Corp. | 756,606 | ||||
864 | ModivCare, Inc.* | 72,645 | ||||
1,451 | Molina Healthcare, Inc.* | 388,128 | ||||
575 | National Healthcare Corp. | 33,390 | ||||
819 | National Research Corp. | 35,635 | ||||
3,895 | Oak Street Health, Inc.* | 150,659 | ||||
10,235 | OPKO Health, Inc.* | 14,943 | ||||
6,542 | Option Care Health, Inc.* | 207,839 | ||||
5,824 | Owens & Minor, Inc.* | 84,739 | ||||
4,988 | Patterson Cos., Inc. | 133,529 | ||||
5,162 | Pediatrix Medical Group, Inc.* | 76,965 |
See accompanying notes to the schedules of portfolio investments.
44
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Health Care Providers & Services, continued |
| |||||
629 | Petiq, Inc.* | $ | 7,196 | |||
5,181 | Premier, Inc., Class A | 167,709 | ||||
1,933 | Privia Health Group, Inc.* | 53,370 | ||||
861 | Progyny, Inc.* | 27,655 | ||||
2,923 | Quest Diagnostics, Inc. | 413,546 | ||||
2,720 | RadNet, Inc.* | 68,082 | ||||
5,624 | Select Medical Holdings Corp. | 145,380 | ||||
585 | Surgery Partners, Inc.* | 20,165 | ||||
5,594 | Tenet Healthcare Corp.* | 332,395 | ||||
792 | The Pennant Group, Inc.* | 11,310 | ||||
542 | U.S. Physical Therapy, Inc. | 53,067 | ||||
14,086 | UnitedHealth Group, Inc. | 6,656,903 | ||||
2,937 | Universal Health Services, Inc., Class B | 373,293 | ||||
|
|
| ||||
22,397,608 | ||||||
|
|
| ||||
Health Care Technology (0.1%): |
| |||||
8,941 | American Well Corp., Class A* | 21,101 | ||||
2,856 | Certara, Inc.* | 68,858 | ||||
339 | Computer Programs and Systems, Inc.* | 10,238 | ||||
3,003 | Definitive Healthcare Corp.* | 31,021 | ||||
3,607 | Doximity, Inc., Class A* | 116,795 | ||||
1,873 | Evolent Health, Inc., Class A* | 60,779 | ||||
3,097 | GoodRx Holdings, Inc., Class A* | 19,356 | ||||
1,056 | Health Catalyst, Inc.* | 12,323 | ||||
1,357 | HealthStream, Inc.* | 36,775 | ||||
1,430 | NextGen Healthcare, Inc.* | 24,896 | ||||
3,015 | Schrodinger, Inc.* | 79,385 | ||||
394 | Simulations Plus, Inc. | 17,312 | ||||
5,070 | Teladoc Health, Inc.* | 131,313 | ||||
1,211 | Veeva Systems, Inc., Class A* | 222,570 | ||||
4,097 | Veradigm, Inc.* | 53,466 | ||||
|
|
| ||||
906,188 | ||||||
|
|
| ||||
Hotels, Restaurants & Leisure (2.2%): |
| |||||
4,816 | Airbnb, Inc., Class A* | 599,110 | ||||
12,289 | Aramark | 439,946 | ||||
6 | Biglari Holdings, Inc., Class A* | 4,986 | ||||
67 | Biglari Holdings, Inc., Class B* | 11,336 | ||||
2,189 | BJs Restaurants, Inc.* | 63,787 | ||||
4,525 | Bloomin Brands, Inc. | 116,066 | ||||
308 | Booking Holdings, Inc.* | 816,942 | ||||
1,059 | Boyd Gaming Corp. | 67,903 | ||||
2,407 | Brinker International, Inc.* | 91,466 | ||||
9,517 | Caesars Entertainment, Inc.* | 464,525 | ||||
29,405 | Carnival Corp., Class A* | 298,461 | ||||
2,943 | Carrols Restaurant Group, Inc.* | 6,563 | ||||
2,527 | Cheesecake Factory, Inc. (The) | 88,571 | ||||
433 | Chipotle Mexican Grill, Inc.* | 739,690 | ||||
1,340 | Choice Hotels International, Inc. | 157,035 | ||||
1,126 | Churchill Downs, Inc. | 289,438 | ||||
429 | Chuys Holdings, Inc.* | 15,380 | ||||
1,219 | Cracker Barrel Old Country Store, Inc. | 138,478 | ||||
3,109 | Darden Restaurants, Inc. | 482,392 | ||||
1,810 | Dave & Busters Entertainment, Inc.* | 66,590 | ||||
1,239 | Dennys Corp.* | 13,827 | ||||
362 | Dine Brands Global, Inc. | 24,486 | ||||
681 | Dominos Pizza, Inc. | 224,641 | ||||
8,071 | DoorDash, Inc., Class A* | 512,993 | ||||
13,674 | DraftKings, Inc.* | 264,729 | ||||
1,288 | El Pollo Loco Holdings, Inc. | 12,352 | ||||
2,986 | Expedia Group, Inc.* | 289,732 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Hotels, Restaurants & Leisure, continued |
| |||||
1,277 | Fiesta Restaurant Group, Inc.* | $ | 10,497 | |||
6,175 | Hilton Grand Vacations, Inc.* | 274,355 | ||||
5,447 | Hilton Worldwide Holdings, Inc. | 767,319 | ||||
1,098 | Hyatt Hotels Corp., Class A* | 122,745 | ||||
323 | Jack in the Box, Inc. | 28,292 | ||||
3,372 | Krispy Kreme, Inc.^ | 52,435 | ||||
3,081 | Las Vegas Sands Corp.* | 177,003 | ||||
3,371 | Life Time Group Holdings, Inc.* | 53,801 | ||||
1,893 | Light & Wonder, Inc., Class A* | 113,675 | ||||
3,405 | Marriott International, Inc., Class A | 565,366 | ||||
1,994 | Marriott Vacations Worldwide Corp. | 268,911 | ||||
10,788 | McDonalds Corp. | 3,016,433 | ||||
1,328 | MGM Resorts International | 58,990 | ||||
341 | Nathans Famous, Inc. | 25,780 | ||||
1,497 | Papa Johns International, Inc. | 112,170 | ||||
2,176 | Penn Entertainment, Inc.* | 64,540 | ||||
3,216 | Planet Fitness, Inc., Class A* | 249,787 | ||||
9,227 | Playa Hotels & Resorts NV* | 88,579 | ||||
763 | Potbelly Corp.* | 6,356 | ||||
878 | Red Robin Gourmet Burgers, Inc.* | 12,573 | ||||
4,589 | Royal Caribbean Cruises, Ltd.* | 299,662 | ||||
748 | Ruths Hospitality Group, Inc. | 12,282 | ||||
2,758 | SeaWorld Entertainment, Inc.* | 169,093 | ||||
1,202 | Shake Shack, Inc., Class A* | 66,699 | ||||
3,662 | Six Flags Entertainment Corp.* | 97,812 | ||||
16,950 | Starbucks Corp. | 1,765,004 | ||||
7,074 | Sweetgreen, Inc., Class A* | 55,460 | ||||
3,050 | Texas Roadhouse, Inc., Class A | 329,583 | ||||
3,133 | Travel + Leisure Co. | 122,814 | ||||
1,836 | Vail Resorts, Inc. | 429,036 | ||||
10,823 | Wendys Co. (The) | 235,725 | ||||
1,048 | Wingstop, Inc. | 192,392 | ||||
4,707 | Wyndham Hotels & Resorts, Inc. | 319,370 | ||||
1,374 | Wynn Resorts, Ltd.* | 153,764 | ||||
5,011 | Yum! Brands, Inc. | 661,853 | ||||
|
|
| ||||
17,281,581 | ||||||
|
|
| ||||
Household Durables (0.9%): |
| |||||
906 | Beazer Homes USA, Inc.* | 14,387 | ||||
283 | Cavco Industries, Inc.* | 89,920 | ||||
1,809 | Century Communities, Inc. | 115,631 | ||||
15,114 | DR Horton, Inc. | 1,476,487 | ||||
1,530 | Ethan Allen Interiors, Inc. | 42,014 | ||||
431 | Flexsteel Industries, Inc. | 8,301 | ||||
3,356 | Garmin, Ltd. | 338,688 | ||||
2,761 | GoPro, Inc., Class A* | 13,888 | ||||
1,329 | Green Brick Partners, Inc.* | 46,595 | ||||
1,366 | Helen of Troy, Ltd.* | 130,002 | ||||
500 | Hooker Furnishings Corp. | 9,095 | ||||
1,698 | Installed Building Products, Inc. | 193,623 | ||||
596 | iRobot Corp.* | 26,009 | ||||
2,155 | KB Home | 86,588 | ||||
2,550 | La-Z-Boy, Inc. | 74,154 | ||||
7,316 | Leggett & Platt, Inc. | 233,234 | ||||
3,171 | Lennar Corp., Class A | 333,304 | ||||
119 | Lennar Corp., Class B | 10,628 | ||||
1,327 | LGI Homes, Inc.* | 151,318 | ||||
1,017 | Lifetime Brands, Inc. | 5,980 | ||||
1,420 | M/I Homes, Inc.* | 89,588 | ||||
4,042 | MDC Holdings, Inc. | 157,113 |
See accompanying notes to the schedules of portfolio investments.
45
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Household Durables, continued |
| |||||
1,004 | Meritage Homes Corp. | $ | 117,227 | |||
2,874 | Mohawk Industries, Inc.* | 288,032 | ||||
10,746 | Newell Brands, Inc. | 133,680 | ||||
102 | NVR, Inc.* | 568,363 | ||||
9,930 | PulteGroup, Inc. | 578,720 | ||||
7,911 | Purple Innovation, Inc.* | 20,885 | ||||
2,434 | Skyline Champion Corp.* | 183,110 | ||||
2,407 | Sonos, Inc.* | 47,225 | ||||
5,909 | Taylor Morrison Home Corp., Class A* | 226,078 | ||||
7,251 | Tempur Sealy International, Inc. | 286,342 | ||||
2,183 | Toll Brothers, Inc. | 131,046 | ||||
1,110 | TopBuild Corp.* | 231,035 | ||||
5,751 | Tri Pointe Homes, Inc.* | 145,615 | ||||
905 | Tupperware Brands Corp.* | 2,263 | ||||
320 | Universal Electronics, Inc.* | 3,245 | ||||
3,376 | Vizio Holding Corp., Class A* | 30,992 | ||||
1,621 | VOXX International Corp.* | 19,987 | ||||
3,536 | Whirlpool Corp. | 466,823 | ||||
|
|
| ||||
7,127,215 | ||||||
|
|
| ||||
Household Products (1.2%): |
| |||||
1,863 | Central Garden & Pet Co., Class A* | 72,788 | ||||
5,132 | Church & Dwight Co., Inc. | 453,720 | ||||
1,597 | Clorox Co. (The) | 252,709 | ||||
15,557 | Colgate-Palmolive Co. | 1,169,109 | ||||
2,606 | Energizer Holdings, Inc. | 90,428 | ||||
6,635 | Kimberly-Clark Corp. | 890,550 | ||||
333 | Oil-Dri Corp. of America | 13,856 | ||||
39,631 | Procter & Gamble Co. (The) | 5,892,733 | ||||
4,384 | Reynolds Consumer Products, Inc. | 120,560 | ||||
2,338 | Spectrum Brands Holdings, Inc. | 154,822 | ||||
626 | WD-40 Co. | 111,459 | ||||
|
|
| ||||
9,222,734 | ||||||
|
|
| ||||
Independent Power and Renewable Electricity Producers (0.2%): |
| |||||
14,442 | AES Corp. (The) | 347,763 | ||||
4,506 | Atlantica Sustainable Infrastructure plc | 133,197 | ||||
5,969 | Brookfield Renewable Corp., Class A | 208,617 | ||||
1,323 | Clearway Energy, Inc., Class A | 39,730 | ||||
3,836 | Clearway Energy, Inc., Class C | 120,182 | ||||
1,138 | Ormat Technologies, Inc. | 96,468 | ||||
6,557 | Sunnova Energy International, Inc.*^ | 102,420 | ||||
22,502 | Vistra Corp. | 540,048 | ||||
|
|
| ||||
1,588,425 | ||||||
|
|
| ||||
Industrial Conglomerates (0.6%): |
| |||||
14,142 | 3M Co. | 1,486,466 | ||||
5,892 | General Electric Co. | 563,275 | ||||
12,103 | Honeywell International, Inc. | 2,313,125 | ||||
|
|
| ||||
4,362,866 | ||||||
|
|
| ||||
Insurance (2.9%): |
| |||||
9,236 | Aflac, Inc. | 595,907 | ||||
6,964 | Allstate Corp. (The) | 771,681 | ||||
2,897 | AMBAC Financial Group, Inc.* | 44,846 | ||||
5,969 | American Equity Investment Life Holding Co. | 217,809 | ||||
2,248 | American Financial Group, Inc. | 273,132 | ||||
31,341 | American International Group, Inc. | 1,578,333 | ||||
745 | Amerisafe, Inc. | 36,468 | ||||
3,056 | Aon plc, Class A | 963,526 | ||||
8,245 | Arch Capital Group, Ltd.* | 559,588 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Insurance, continued |
| |||||
560 | Argo Group International Holdings, Ltd. | $ | 16,402 | |||
3,363 | Arthur J. Gallagher & Co. | 643,376 | ||||
1,480 | Assurant, Inc. | 177,704 | ||||
1,625 | Assured Guaranty, Ltd. | 81,689 | ||||
4,771 | Axis Capital Holdings, Ltd. | 260,115 | ||||
3,813 | Brighthouse Financial, Inc.* | 168,191 | ||||
7,478 | Brown & Brown, Inc. | 429,387 | ||||
3,450 | BRP Group, Inc., Class A* | 87,837 | ||||
7,032 | Chubb, Ltd. | 1,365,474 | ||||
4,158 | Cincinnati Financial Corp. | 466,029 | ||||
2,176 | Citizens, Inc.* | 8,073 | ||||
1,799 | CNA Financial Corp. | 70,215 | ||||
2,354 | Crawford & Co. | 18,055 | ||||
895 | Crawford & Co., Class A | 7,482 | ||||
1,631 | Donegal Group, Inc., Class A | 24,922 | ||||
800 | eHealth, Inc.* | 7,488 | ||||
1,977 | Employers Holdings, Inc. | 82,421 | ||||
447 | Enstar Group, Ltd.* | 103,610 | ||||
398 | Erie Indemnity Co., Class A | 92,201 | ||||
621 | Everest Re Group, Ltd. | 222,330 | ||||
419 | F&G Annuities & Life, Inc. | 7,592 | ||||
20,298 | Fidelity National Financial, Inc. | 709,009 | ||||
5,538 | First American Financial Corp. | 308,245 | ||||
27,784 | Genworth Financial, Inc., Class A* | 139,476 | ||||
4,859 | Globe Life, Inc. | 534,587 | ||||
318 | Goosehead Insurance, Inc.* | 16,600 | ||||
2,383 | Greenlight Capital Re, Ltd.* | 22,376 | ||||
146 | Hallmark Financial Services, Inc.* | 949 | ||||
769 | Hanover Insurance Group, Inc. (The) | 98,817 | ||||
13,797 | Hartford Financial Services Group, Inc. (The) | 961,513 | ||||
397 | HCI Group, Inc. | 21,279 | ||||
387 | Heritage Insurance Holdings, Inc. | 1,192 | ||||
1,991 | Horace Mann Educators Corp. | 66,659 | ||||
153 | Investors Title Co. | 23,103 | ||||
1,185 | James River Group Holdings | 24,470 | ||||
3,603 | Kemper Corp. | 196,940 | ||||
381 | Kinsale Capital Group, Inc. | 114,357 | ||||
2,749 | Lincoln National Corp. | 61,770 | ||||
6,215 | Loews Corp. | 360,594 | ||||
5,556 | Maiden Holdings, Ltd.* | 11,612 | ||||
182 | Markel Corp.* | 232,489 | ||||
9,448 | Marsh & McLennan Cos., Inc. | 1,573,564 | ||||
2,590 | Mercury General Corp. | 82,207 | ||||
7,939 | MetLife, Inc. | 459,986 | ||||
162 | National Western Life Group, Inc., Class A | 39,304 | ||||
13,472 | Old Republic International Corp. | 336,396 | ||||
5,300 | Oscar Health, Inc., Class A* | 34,662 | ||||
400 | Palomar Holdings, Inc.* | 22,080 | ||||
1,239 | Primerica, Inc. | 213,405 | ||||
7,143 | Principal Financial Group, Inc. | 530,868 | ||||
3,052 | ProAssurance Corp. | 56,401 | ||||
5,935 | Progressive Corp. (The) | 849,061 | ||||
14,264 | Prudential Financial, Inc. | 1,180,203 | ||||
2,679 | Reinsurance Group of America, Inc. | 355,664 | ||||
1,983 | RenaissanceRe Holdings, Ltd. | 397,274 | ||||
2,352 | RLI Corp. | 312,604 | ||||
825 | Safety Insurance Group, Inc. | 61,479 | ||||
1,725 | Selective Insurance Group, Inc. | 164,444 | ||||
5,145 | SiriusPoint, Ltd.* | 41,829 |
See accompanying notes to the schedules of portfolio investments.
46
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Insurance, continued |
| |||||
1,878 | Stewart Information Services Corp. | $ | 75,777 | |||
1,767 | Tiptree, Inc., Class A | 25,745 | ||||
8,887 | Travelers Cos., Inc. (The) | 1,523,321 | ||||
1,346 | Trupanion, Inc.* | 57,730 | ||||
728 | United Fire Group, Inc. | 19,328 | ||||
1,869 | Universal Insurance Holdings, Inc. | 34,053 | ||||
8,945 | Unum Group | 353,864 | ||||
145 | White Mountains Insurance Group, Ltd. | 199,736 | ||||
2,165 | Willis Towers Watson plc | 503,103 | ||||
6,930 | WR Berkley Corp. | 431,462 | ||||
|
|
| ||||
23,223,470 | ||||||
|
|
| ||||
Interactive Media & Services (4.0%): |
| |||||
101,184 | Alphabet, Inc., Class A* | 10,495,816 | ||||
91,250 | Alphabet, Inc., Class C* | 9,490,000 | ||||
5,394 | Bumble, Inc.* | 105,453 | ||||
5,023 | Cargurus, Inc.* | 93,830 | ||||
1,955 | Cars.com, Inc.* | 37,732 | ||||
2,881 | DHI Group, Inc.* | 11,178 | ||||
12,093 | Match Group, Inc.* | 464,250 | ||||
44,646 | Meta Platforms, Inc., Class A* | 9,462,273 | ||||
10,705 | Pinterest, Inc., Class A* | 291,925 | ||||
1,563 | QuinStreet, Inc.* | 24,805 | ||||
764 | Shutterstock, Inc. | 55,466 | ||||
23,897 | Snap, Inc., Class A* | 267,885 | ||||
1,344 | Travelzoo* | 8,118 | ||||
5,311 | TripAdvisor, Inc.* | 105,477 | ||||
2,857 | TrueCar, Inc.* | 6,571 | ||||
4,440 | Vimeo, Inc.* | 17,005 | ||||
2,324 | Yelp, Inc.* | 71,347 | ||||
664 | Zedge, Inc., Class B* | 1,295 | ||||
1,918 | Ziff Davis, Inc.* | 149,700 | ||||
17,984 | ZoomInfo Technologies, Inc.* | 444,385 | ||||
|
|
| ||||
31,604,511 | ||||||
|
|
| ||||
IT Services (4.1%): |
| |||||
12,560 | Accenture plc, Class A | 3,589,774 | ||||
13,003 | Affirm Holdings, Inc.*^ | 146,544 | ||||
4,112 | Akamai Technologies, Inc.* | 321,970 | ||||
5,706 | Amdocs, Ltd. | 547,947 | ||||
7,099 | Automatic Data Processing, Inc. | 1,580,450 | ||||
6,526 | Block, Inc.* | 448,010 | ||||
252 | BM Technologies, Inc.*^ | 887 | ||||
3,190 | Broadridge Financial Solutions, Inc. | 467,558 | ||||
687 | Cass Information Systems, Inc. | 29,754 | ||||
2,466 | Cloudflare, Inc., Class A* | 152,054 | ||||
12,967 | Cognizant Technology Solutions Corp., Class A | 790,079 | ||||
2,464 | Concentrix Corp. | 299,499 | ||||
6,347 | Conduent, Inc.* | 21,770 | ||||
1,011 | CSG Systems International, Inc. | 54,291 | ||||
3,181 | DigitalOcean Holdings, Inc.* | 124,600 | ||||
11,221 | DXC Technology Co.* | 286,809 | ||||
1,215 | EPAM Systems, Inc.* | 363,285 | ||||
1,694 | Euronet Worldwide, Inc.* | 189,559 | ||||
3,577 | Evertec, Inc. | 120,724 | ||||
318 | ExlService Holdings, Inc.* | 51,462 | ||||
4,318 | Fastly, Inc., Class A* | 76,688 | ||||
14,943 | Fidelity National Information Services, Inc. | 811,853 | ||||
6,830 | Fiserv, Inc.* | 771,995 | ||||
3,005 | FleetCor Technologies, Inc.* | 633,604 | ||||
2,700 | Flywire Corp.* | 79,272 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
IT Services, continued |
| |||||
1,645 | Gartner, Inc.* | $ | 535,892 | |||
4,350 | Genpact, Ltd. | 201,057 | ||||
6,977 | Global Payments, Inc. | 734,260 | ||||
585 | Globant SA* | 95,946 | ||||
3,303 | GoDaddy, Inc., Class A* | 256,709 | ||||
2,548 | Grid Dynamics Holdings, Inc.* | 29,200 | ||||
1,357 | Hackett Group, Inc. (The) | 25,077 | ||||
1,101 | I3 Verticals, Inc., Class A* | 27,008 | ||||
17,433 | International Business Machines Corp. | 2,285,292 | ||||
1,320 | International Money Express, Inc.* | 34,030 | ||||
1,539 | Jack Henry & Associates, Inc. | 231,958 | ||||
12,162 | Kyndryl Holdings, Inc.* | 179,511 | ||||
2,160 | Limelight Networks, Inc.* | 1,709 | ||||
27,585 | Marqeta, Inc., Class A* | 126,063 | ||||
13,679 | Mastercard, Inc., Class A | 4,971,085 | ||||
1,840 | Maximus, Inc. | 144,808 | ||||
603 | MongoDB, Inc.* | 140,571 | ||||
2,093 | Okta, Inc.* | 180,500 | ||||
5,815 | Paychex, Inc. | 666,341 | ||||
16,746 | PayPal Holdings, Inc.* | 1,271,691 | ||||
1,468 | Paysafe, Ltd.* | 25,352 | ||||
1,698 | Perficient, Inc.* | 122,579 | ||||
840 | PFSweb, Inc. | 3,562 | ||||
1,495 | Shift4 Payments, Inc., Class A* | 113,321 | ||||
2,032 | Snowflake, Inc., Class A* | 313,517 | ||||
3,770 | Squarespace, Inc., Class A* | 119,773 | ||||
8,710 | Toast, Inc., Class A* | 154,603 | ||||
2,127 | TTEC Holdings, Inc. | 79,188 | ||||
4,711 | Twilio, Inc., Class A* | 313,894 | ||||
2,221 | Unisys Corp.* | 8,618 | ||||
2,256 | VeriSign, Inc.* | 476,760 | ||||
7,657 | Verra Mobility Corp.* | 129,556 | ||||
29,464 | Visa, Inc., Class A | 6,642,953 | ||||
6,143 | Western Union Co. (The.) | 68,494 | ||||
446 | WEX, Inc.* | 82,015 | ||||
|
|
| ||||
32,753,331 | ||||||
|
|
| ||||
Leisure Products (0.3%): |
| |||||
2,948 | Acushnet Holdings Corp. | 150,171 | ||||
895 | American Outdoor Brands, Inc.* | 8,807 | ||||
2,517 | Brunswick Corp. | 206,394 | ||||
2,100 | Clarus Corp. | 19,845 | ||||
658 | Escalade, Inc. | 9,607 | ||||
6,532 | Hasbro, Inc. | 350,703 | ||||
303 | Johnson Outdoors, Inc., Class A | 19,092 | ||||
931 | Malibu Boats, Inc.* | 52,555 | ||||
662 | Marine Products Corp. | 8,732 | ||||
451 | MasterCraft Boat Holdings, Inc.* | 13,724 | ||||
21,011 | Mattel, Inc.* | 386,813 | ||||
995 | Nautilus Group, Inc.* | 1,333 | ||||
3,453 | Polaris, Inc. | 382,005 | ||||
1,410 | Smith & Wesson Brands, Inc. | 17,357 | ||||
6,367 | Topgolf Callaway Brands Corp.* | 137,655 | ||||
3,865 | Vista Outdoor, Inc.* | 107,099 | ||||
3,466 | YETI Holdings, Inc.* | 138,640 | ||||
|
|
| ||||
2,010,532 | ||||||
|
|
| ||||
Life Sciences Tools & Services (1.4%): |
| |||||
237 | 10X Genomics, Inc., Class A* | 13,222 | ||||
6,251 | Adaptive Biotechnologies Corp.* | 55,196 | ||||
4,401 | Agilent Technologies, Inc. | 608,834 |
See accompanying notes to the schedules of portfolio investments.
47
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Life Sciences Tools & Services, continued |
| |||||
17,709 | Avantor, Inc.* | $ | 374,368 | |||
599 | Azenta, Inc.* | 26,727 | ||||
1,634 | BioLife Solutions, Inc.* | 35,540 | ||||
456 | Bio-Rad Laboratories, Inc., Class A* | 218,433 | ||||
3,308 | Bio-Techne Corp. | 245,421 | ||||
4,004 | Bruker Corp. | 315,675 | ||||
2,415 | Charles River Laboratories International, Inc.* | 487,395 | ||||
2,030 | CryoPort, Inc.* | 48,720 | ||||
10,492 | Danaher Corp. | 2,644,404 | ||||
1,979 | Harvard Bioscience, Inc.* | 8,312 | ||||
55 | Illumina, Inc.* | 12,790 | ||||
3,748 | IQVIA Holdings, Inc.* | 745,440 | ||||
4,035 | Maravai LifeSciences Holdings, Inc., Class A* | 56,530 | ||||
1,032 | Medpace Holdings, Inc.* | 194,068 | ||||
498 | Mettler-Toledo International, Inc.* | 762,045 | ||||
4,300 | Neogenomics, Inc.* | 74,863 | ||||
1,666 | OmniAb, Inc.* | 6,131 | ||||
10,633 | Pacific Biosciences of California, Inc.* | 123,130 | ||||
1,101 | PerkinElmer, Inc. | 146,719 | ||||
453 | Quanterix Corp.* | 5,105 | ||||
1,140 | Repligen Corp.* | 191,931 | ||||
9,819 | Sotera Health Co.* | 175,858 | ||||
4,722 | Syneos Health, Inc.* | 168,198 | ||||
4,279 | Thermo Fisher Scientific, Inc. | 2,466,287 | ||||
1,579 | Waters Corp.* | 488,906 | ||||
1,121 | West Pharmaceutical Services, Inc. | 388,393 | ||||
|
|
| ||||
11,088,641 | ||||||
|
|
| ||||
Machinery (2.6%): |
| |||||
7,267 | 3D Systems Corp.* | 77,902 | ||||
4,421 | AGCO Corp. | 597,719 | ||||
228 | Alamo Group, Inc. | 41,988 | ||||
1,371 | Albany International Corp., Class A | 122,513 | ||||
5,503 | Allison Transmission Holdings, Inc. | 248,956 | ||||
1,618 | Astec Industries, Inc. | 66,742 | ||||
2,323 | Barnes Group, Inc. | 93,570 | ||||
837 | Blue Bird Corp.* | 17,100 | ||||
9,845 | Caterpillar, Inc. | 2,252,930 | ||||
1,902 | Chart Industries, Inc.* | 238,511 | ||||
468 | CIRCOR International, Inc.* | 14,564 | ||||
1,531 | Columbus McKinnon Corp. | 56,892 | ||||
707 | Commercial Vehicle Group, Inc.* | 5,161 | ||||
1,637 | Crane Holdings Co. | 185,799 | ||||
5,344 | Cummins, Inc. | 1,276,575 | ||||
5,420 | Deere & Co. | 2,237,810 | ||||
6,273 | Donaldson Co., Inc. | 409,878 | ||||
471 | Douglas Dynamics, Inc. | 15,020 | ||||
4,194 | Dover Corp. | 637,236 | ||||
475 | Energy Recovery, Inc.* | 10,949 | ||||
1,250 | Enerpac Tool Group Corp. | 31,875 | ||||
453 | EnPro Industries, Inc. | 47,062 | ||||
2,189 | Esab Corp. | 129,304 | ||||
372 | ESCO Technologies, Inc. | 35,507 | ||||
2,045 | Evoqua Water Technologies Co.* | 101,677 | ||||
2,677 | Federal Signal Corp. | 145,120 | ||||
4,041 | Flowserve Corp. | 137,394 | ||||
7,805 | Fortive Corp. | 532,067 | ||||
1,334 | Franklin Electric Co., Inc. | 125,529 | ||||
10,083 | Gates Industrial Corp. plc* | 140,053 | ||||
889 | Gencor Industries, Inc.* | 13,664 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Machinery, continued |
| |||||
606 | Gorman-Rupp Co. (The) | $ | 15,150 | |||
3,686 | Graco, Inc. | 269,115 | ||||
650 | Helios Technologies, Inc. | 42,510 | ||||
2,088 | Hillenbrand, Inc. | 99,243 | ||||
490 | Hurco Cos., Inc. | 12,407 | ||||
896 | Hyster-Yale Materials Handling, Inc., Class A | 44,701 | ||||
1,133 | IDEX Corp. | 261,757 | ||||
5,499 | Illinois Tool Works, Inc. | 1,338,732 | ||||
8,948 | Ingersoll-Rand, Inc. | 520,595 | ||||
3,908 | ITT, Inc. | 337,260 | ||||
757 | John Bean Technologies Corp. | 82,732 | ||||
528 | Kadant, Inc. | 110,099 | ||||
4,685 | Kennametal, Inc. | 129,212 | ||||
787 | L.B. Foster Co., Class A* | 9,035 | ||||
2,617 | Lincoln Electric Holdings, Inc. | 442,535 | ||||
221 | Lindsay Corp. | 33,400 | ||||
1,300 | Luxfer Holdings plc | 21,970 | ||||
1,213 | Manitex International, Inc.* | 6,320 | ||||
2,529 | Manitowoc Co., Inc. (The)* | 43,221 | ||||
2,534 | Middleby Corp. (The)* | 371,510 | ||||
3,769 | Mueller Industries, Inc. | 276,946 | ||||
8,698 | Mueller Water Products, Inc., Class A | 121,250 | ||||
1,258 | NN, Inc.* | 1,346 | ||||
1,719 | Nordson Corp. | 382,065 | ||||
158 | Omega Flex, Inc. | 17,607 | ||||
1,463 | Oshkosh Corp. | 121,692 | ||||
8,928 | Otis Worldwide Corp. | 753,523 | ||||
13,672 | PACCAR, Inc. | 1,000,790 | ||||
1,747 | Parker-Hannifin Corp. | 587,184 | ||||
1,058 | Park-Ohio Holdings Corp. | 12,781 | ||||
7,775 | Pentair PLC | 429,724 | ||||
1,666 | Proto Labs, Inc.* | 55,228 | ||||
440 | RBC Bearings, Inc.* | 102,401 | ||||
3,787 | REV Group, Inc. | 45,406 | ||||
612 | Shyft Group, Inc. (The) | 13,923 | ||||
745 | Snap-On, Inc. | 183,933 | ||||
1,832 | SPX Technologies, Inc.* | 129,303 | ||||
340 | Standex International Corp. | 41,630 | ||||
4,046 | Stanley Black & Decker, Inc. | 326,027 | ||||
537 | Tennant Co. | 36,801 | ||||
3,718 | Terex Corp. | 179,877 | ||||
2,100 | The Greenbrier Cos., Inc. | 67,557 | ||||
2,371 | Timken Co. | 193,758 | ||||
3,046 | Titan International, Inc.* | 31,922 | ||||
2,821 | Toro Co. (The) | 313,582 | ||||
4,719 | Trinity Industries, Inc. | 114,955 | ||||
1,510 | Wabash National Corp. | 37,131 | ||||
615 | Watts Water Technologies, Inc., Class A | 103,517 | ||||
4,768 | Westinghouse Air Brake Technologies Corp. | 481,854 | ||||
3,788 | Xylem, Inc. | 396,604 | ||||
|
|
| ||||
20,798,888 | ||||||
|
|
| ||||
Marine Transportation (0.1%): |
| |||||
3,979 | Costamare, Inc. | 37,442 | ||||
1,219 | Eagle Bulk Shipping, Inc. | 55,465 | ||||
147 | Eneti, Inc. | 1,374 | ||||
1,300 | Genco Shipping & Trading, Ltd. | 20,358 | ||||
2,793 | Kirby Corp.* | 194,672 | ||||
2,141 | Matson, Inc. | 127,754 | ||||
|
|
| ||||
437,065 | ||||||
|
|
|
See accompanying notes to the schedules of portfolio investments.
48
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Media (1.5%): |
| |||||
17,563 | Altice USA, Inc., Class A* | $ | 60,065 | |||
1,413 | AMC Networks, Inc., Class A* | 24,841 | ||||
1,200 | Boston Omaha Corp., Class A* | 28,404 | ||||
383 | Cable One, Inc. | 268,866 | ||||
3,081 | Charter Communications, Inc., Class A* | 1,101,796 | ||||
137,449 | Comcast Corp., Class A | 5,210,692 | ||||
2,952 | comScore, Inc.* | 3,631 | ||||
367 | DallasNews Corp. | 1,622 | ||||
12,719 | DISH Network Corp., Class A* | 118,668 | ||||
2,931 | E.W. Scripps Co. (The), Class A* | 27,581 | ||||
4,792 | Entravision Communications Corp., Class A | 28,992 | ||||
8,722 | Fox Corp., Class A | 296,984 | ||||
5,999 | Fox Corp., Class B | 187,829 | ||||
7,573 | Gannett Co, Inc.* | 14,161 | ||||
7,897 | Gray Television, Inc. | 68,862 | ||||
5,411 | iHeartMedia, Inc., Class A* | 21,103 | ||||
2,014 | Integral Ad Science Holding Corp.* | 28,740 | ||||
14,602 | Interpublic Group of Cos., Inc. (The) | 543,778 | ||||
1,162 | John Wiley & Sons, Inc., Class A | 45,051 | ||||
192 | John Wiley & Sons, Inc., Class B | 7,329 | ||||
334 | Liberty Broadband Corp., Class A* | 27,428 | ||||
3,341 | Liberty Broadband Corp., Class C* | 272,960 | ||||
9,922 | Liberty Media Corp.-Liberty SiriusXM, Class C* | 277,717 | ||||
4,454 | Liberty Media Corp-Liberty SiriusXM, Class A* | 125,113 | ||||
8,352 | Magnite, Inc.* | 77,340 | ||||
131 | Marchex, Inc., Class B* | 238 | ||||
5,563 | New York Times Co. (The), Class A | 216,289 | ||||
17,358 | News Corp., Class A | 299,773 | ||||
8,773 | News Corp., Class B | 152,913 | ||||
2,735 | Nexstar Media Group, Inc. | 472,225 | ||||
7,908 | Omnicom Group, Inc. | 746,041 | ||||
445 | Paramount Global, Class A^ | 11,499 | ||||
16,169 | Paramount Global, Class B^ | 360,730 | ||||
1,526 | Quotient Technology, Inc.* | 5,005 | ||||
1,353 | Scholastic Corp. | 46,300 | ||||
1,768 | Sinclair Broadcast Group, Inc., Class A | 30,339 | ||||
26,359 | Sirius XM Holdings, Inc. | 104,645 | ||||
7,339 | Stagwell, Inc.* | 54,455 | ||||
1,890 | TechTarget, Inc.* | 68,267 | ||||
7,839 | TEGNA, Inc. | 132,557 | ||||
5,917 | The Trade Desk, Inc., Class A* | 360,404 | ||||
1,103 | Thryv Holdings, Inc.* | 25,435 | ||||
5,104 | WideOpenWest, Inc.* | 54,256 | ||||
|
|
| ||||
12,010,924 | ||||||
|
|
| ||||
Metals & Mining (1.2%): |
| |||||
12,202 | Alcoa Corp. | 519,317 | ||||
895 | Alpha Metallurgical Resources, Inc. | 139,620 | ||||
799 | Ampco-Pittsburgh Corp.* | 1,958 | ||||
3,002 | Arconic Corp.* | 78,742 | ||||
759 | Ascent Industries Co.* | 6,937 | ||||
5,393 | ATI, Inc.* | 212,808 | ||||
1,638 | Carpenter Technology Corp. | 73,317 | ||||
7,172 | Century Aluminum Co.* | 71,720 | ||||
35,219 | Cleveland-Cliffs, Inc.* | 645,564 | ||||
5,449 | Coeur Mining, Inc.* | 21,742 | ||||
7,303 | Commercial Metals Co. | 357,117 | ||||
2,118 | Compass Minerals International, Inc. | 72,626 | ||||
13,361 | Ferroglobe plc* | 66,003 | ||||
841 | Fortitude Gold Corp. | 5,996 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Metals & Mining, continued |
| |||||
30,089 | Freeport-McMoRan, Inc. | $ | 1,230,941 | |||
2,945 | Gold Resource Corp. | 3,092 | ||||
943 | Haynes International, Inc. | 47,235 | ||||
22,580 | Hecla Mining Co. | 142,931 | ||||
151 | Kaiser Aluminum Corp. | 11,269 | ||||
1,111 | Materion Corp. | 128,876 | ||||
1,230 | McEwen Mining, Inc.* | 10,418 | ||||
8,393 | MP Materials Corp.* | 236,599 | ||||
22,444 | Newmont Corp. | 1,100,205 | ||||
6,812 | Nucor Corp. | 1,052,250 | ||||
700 | Olympic Steel, Inc. | 36,547 | ||||
2,230 | Reliance Steel & Aluminum Co. | 572,530 | ||||
2,908 | Royal Gold, Inc. | 377,197 | ||||
1,500 | Ryerson Holding Corp. | 54,570 | ||||
1,365 | Schnitzer Steel Industries, Inc., Class A | 42,451 | ||||
1,868 | Southern Copper Corp. | 142,435 | ||||
8,979 | Steel Dynamics, Inc. | 1,015,166 | ||||
3,673 | SunCoke Energy, Inc. | 32,984 | ||||
2,052 | TimkenSteel Corp.* | 37,634 | ||||
15,544 | United States Steel Corp. | 405,698 | ||||
548 | Universal Stainless & Alloy Products, Inc.* | 5,124 | ||||
1,489 | Warrior Met Coal, Inc. | 54,661 | ||||
1,732 | Worthington Industries, Inc. | 111,974 | ||||
|
|
| ||||
9,126,254 | ||||||
|
|
| ||||
Multi-Utilities (0.7%): |
| |||||
5,657 | Ameren Corp. | 488,708 | ||||
3,250 | Avista Corp. | 137,963 | ||||
2,734 | Black Hills Corp. | 172,515 | ||||
13,587 | CenterPoint Energy, Inc. | 400,273 | ||||
6,288 | CMS Energy Corp. | 385,957 | ||||
3,188 | Consolidated Edison, Inc. | 304,996 | ||||
12,194 | Dominion Energy, Inc. | 681,767 | ||||
4,440 | DTE Energy Co. | 486,358 | ||||
8,905 | NiSource, Inc. | 248,984 | ||||
2,336 | NorthWestern Corp. | 135,161 | ||||
10,083 | Public Service Enterprise Group, Inc. | 629,683 | ||||
5,176 | Sempra Energy | 782,404 | ||||
305 | Unitil Corp. | 17,397 | ||||
6,376 | WEC Energy Group, Inc. | 604,381 | ||||
|
|
| ||||
5,476,547 | ||||||
|
|
| ||||
Oil, Gas & Consumable Fuels (5.8%): |
| |||||
332 | Adams Resources & Energy, Inc. | 12,755 | ||||
21,050 | Antero Midstream Corp. | 220,815 | ||||
21,868 | Antero Resources Corp.* | 504,932 | ||||
4,071 | APA Corp. | 146,800 | ||||
1,204 | Arch Resources, Inc. | 158,278 | ||||
1,287 | Ardmore Shipping Corp. | 19,138 | ||||
6,491 | Berry Corp. | 50,954 | ||||
2,994 | California Resources Corp. | 115,269 | ||||
4,374 | Callon Petroleum Co.* | 146,267 | ||||
600 | Centrus Energy Corp., Class A* | 19,320 | ||||
4,898 | Cheniere Energy, Inc. | 771,925 | ||||
4,080 | Chesapeake Energy Corp. | 310,243 | ||||
40,640 | Chevron Corp. | 6,630,822 | ||||
369 | Chord Energy Corp. | 49,667 | ||||
795 | Civitas Resources, Inc. | 54,330 | ||||
7,534 | Clean Energy Fuel Corp.* | 32,848 | ||||
9,676 | CNX Resources Corp.* | 155,010 | ||||
19,166 | Comstock Resources, Inc. | 206,801 |
See accompanying notes to the schedules of portfolio investments.
49
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Oil, Gas & Consumable Fuels, continued |
| |||||
32,855 | ConocoPhillips | $ | 3,259,545 | |||
2,466 | CONSOL Energy, Inc. | 143,694 | ||||
39,767 | Coterra Energy, Inc. | 975,882 | ||||
5,103 | CVR Energy, Inc. | 167,276 | ||||
2,204 | Delek US Holdings, Inc. | 50,582 | ||||
2,740 | Denbury, Inc.* | 240,106 | ||||
34,054 | Devon Energy Corp. | 1,723,473 | ||||
8,048 | DHT Holdings, Inc. | 86,999 | ||||
10,767 | Diamondback Energy, Inc. | 1,455,375 | ||||
58 | Dorian LPG, Ltd. | 1,157 | ||||
4,645 | DT Midstream, Inc. | 229,324 | ||||
25,752 | Enlink Midstream LLC | 279,152 | ||||
13,837 | EOG Resources, Inc. | 1,586,135 | ||||
24,533 | EQT Corp. | 782,848 | ||||
7,111 | Equitrans Midstream Corp. | 41,102 | ||||
77,836 | Exxon Mobil Corp. | 8,535,496 | ||||
3,367 | Green Plains, Inc.* | 104,343 | ||||
845 | Gulfport Energy Corp.* | 67,600 | ||||
5,572 | Hess Corp. | 737,398 | ||||
11,760 | HF Sinclair Corp. | 568,949 | ||||
2,789 | International Seaways, Inc. | 116,246 | ||||
56,965 | Kinder Morgan, Inc. | 997,457 | ||||
31,582 | Kosmos Energy, Ltd.* | 234,970 | ||||
13,199 | Magnolia Oil & Gas Corp., Class A | 288,794 | ||||
13,453 | Marathon Oil Corp. | 322,334 | ||||
11,905 | Marathon Petroleum Corp. | 1,605,151 | ||||
7,124 | Matador Resources Co. | 339,459 | ||||
9,770 | Murphy Oil Corp. | 361,295 | ||||
4,420 | New Fortress Energy, Inc. | 130,081 | ||||
4,784 | Nordic American Tankers, Ltd. | 18,945 | ||||
24,587 | Occidental Petroleum Corp. | 1,534,966 | ||||
13,425 | ONEOK, Inc. | 853,024 | ||||
13,581 | Ovintiv, Inc. | 490,002 | ||||
4,750 | PAR Pacific Holdings, Inc.* | 138,700 | ||||
9,576 | PBF Energy, Inc., Class A | 415,215 | ||||
6,563 | PDC Energy, Inc. | 421,213 | ||||
10,033 | Peabody Energy Corp.* | 256,845 | ||||
6,243 | Permian Resources Corp. | 65,551 | ||||
10,501 | Phillips 66 | 1,064,591 | ||||
1,401 | PHX Minerals, Inc. | 3,671 | ||||
8,501 | Pioneer Natural Resources Co. | 1,736,244 | ||||
6 | PrimeEnergy Resources Corp.* | 505 | ||||
17,722 | Range Resources Corp. | 469,101 | ||||
787 | Ranger Oil Corp. | 32,141 | ||||
1,122 | REX American Resources Corp.* | 32,078 | ||||
3,060 | Scorpio Tankers, Inc. | 172,309 | ||||
4,935 | SFL Corp., Ltd. | 46,883 | ||||
1,508 | Sitio Royalties Corp., Class A | 34,081 | ||||
7,642 | SM Energy Co. | 215,199 | ||||
42,492 | Southwestern Energy Co.* | 212,460 | ||||
3,310 | Talos Energy, Inc.* | 49,120 | ||||
2,420 | Targa Resources Corp. | 176,539 | ||||
6,407 | Teekay Shipping Corp.* | 39,595 | ||||
1,031 | Teekay Tankers, Ltd., Class A* | 44,261 | ||||
101 | Texas Pacific Land Corp. | 171,803 | ||||
10,006 | Valero Energy Corp. | 1,396,838 | ||||
609 | Vital Energy, Inc.* | 27,734 | ||||
622 | Vitesse Energy, Inc. | 11,837 | ||||
9,330 | W&T Offshore, Inc.* | 47,396 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Oil, Gas & Consumable Fuels, continued |
| |||||
31,950 | Williams Cos., Inc. | $ | 954,027 | |||
3,599 | World Fuel Services Corp. | 91,954 | ||||
|
|
| ||||
46,263,225 | ||||||
|
|
| ||||
Paper & Forest Products (0.1%): |
| |||||
545 | Clearwater Paper Corp.* | 18,214 | ||||
2,520 | Glatfelter Corp. | 8,039 | ||||
4,555 | Louisiana-Pacific Corp. | 246,926 | ||||
3,875 | Mercer International, Inc. | 37,878 | ||||
2,050 | Sylvamo Corp. | 94,833 | ||||
|
|
| ||||
405,890 | ||||||
|
|
| ||||
Passenger Airlines (0.4%): |
| |||||
5,767 | Alaska Air Group, Inc.* | 241,983 | ||||
639 | Allegiant Travel Co.* | 58,775 | ||||
28,209 | American Airlines Group, Inc.* | 416,083 | ||||
1,569 | Copa Holdings SA, Class A* | 144,897 | ||||
33,557 | Delta Air Lines, Inc.* | 1,171,810 | ||||
2,340 | Frontier Group Holdings, Inc.* | 23,026 | ||||
1,057 | Hawaiian Holdings, Inc.* | 9,682 | ||||
15,406 | JetBlue Airways Corp.* | 112,156 | ||||
1,602 | SkyWest, Inc.* | 35,516 | ||||
16,338 | Southwest Airlines Co. | 531,639 | ||||
2,445 | Spirit Airlines, Inc. | 41,981 | ||||
16,149 | United Airlines Holdings, Inc.* | 714,593 | ||||
|
|
| ||||
3,502,141 | ||||||
|
|
| ||||
Personal Care Products (0.3%): |
| |||||
4,436 | BellRing Brands, Inc.* | 150,824 | ||||
34,070 | Coty, Inc., Class A* | 410,884 | ||||
2,944 | Edgewell Personal Care Co. | 124,884 | ||||
1,926 | elf Beauty, Inc.* | 158,606 | ||||
2,298 | Herbalife Nutrition, Ltd.* | 36,998 | ||||
1,161 | Inter Parfums, Inc. | 165,141 | ||||
654 | Medifast, Inc. | 67,800 | ||||
1,236 | Natures Sunshine Products, Inc.* | 12,620 | ||||
1,616 | Nu Skin Enterprises, Inc., Class A | 63,525 | ||||
3,848 | The Estee Lauder Cos., Inc., Class A | 948,378 | ||||
340 | United-Guardian, Inc. | 3,159 | ||||
645 | Usana Health Sciences, Inc.* | 40,570 | ||||
|
|
| ||||
2,183,389 | ||||||
|
|
| ||||
Pharmaceuticals (3.4%): |
| |||||
2,030 | Aclaris Therapeutics, Inc.* | 16,423 | ||||
2,003 | Amphastar Pharmaceuticals, Inc.* | 75,113 | ||||
900 | ANI Pharmaceuticals, Inc.* | 35,748 | ||||
300 | Arvinas, Inc.* | 8,196 | ||||
42,540 | Bristol-Myers Squibb Co. | 2,948,447 | ||||
4,717 | Catalent, Inc.* | 309,954 | ||||
4,216 | Corcept Therapeutics, Inc.* | 91,319 | ||||
1,468 | Cumberland Pharmaceuticals, Inc.* | 2,863 | ||||
1,054 | Cymabay Therapeutics, Inc.* | 9,191 | ||||
27,444 | Elanco Animal Health, Inc.* | 257,974 | ||||
9,543 | Eli Lilly & Co. | 3,277,257 | ||||
2,317 | Harmony Biosciences Holdings, Inc.* | 75,650 | ||||
3,292 | Innoviva, Inc.* | 37,035 | ||||
837 | Intra-Cellular Therapies, Inc.* | 45,324 | ||||
2,090 | Jazz Pharmaceuticals plc* | 305,830 | ||||
44,269 | Johnson & Johnson | 6,861,695 | ||||
340 | Ligand Pharmaceuticals, Inc.* | 25,010 | ||||
51,455 | Merck & Co., Inc. | 5,474,297 | ||||
3,567 | Nektar Therapeutics* | 2,507 |
See accompanying notes to the schedules of portfolio investments.
50
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Pharmaceuticals, continued |
| |||||
11,020 | Organon & Co. | $ | 259,190 | |||
1,467 | Pacira BioSciences, Inc.* | 59,868 | ||||
5,568 | Perrigo Co. plc | 199,724 | ||||
106,453 | Pfizer, Inc. | 4,343,282 | ||||
793 | Phibro Animal Health Corp., Class A | 12,149 | ||||
1,580 | Prestige Consumer Healthcare, Inc.* | 98,955 | ||||
8,865 | Royalty Pharma plc, Class A | 319,406 | ||||
2,134 | SIGA Technologies, Inc. | 12,271 | ||||
3,089 | Supernus Pharmaceuticals, Inc.* | 111,915 | ||||
923 | Taro Pharmaceutical Industries, Ltd.* | 22,447 | ||||
14,776 | Viatris, Inc. | 142,145 | ||||
9,619 | Zoetis, Inc. | 1,600,986 | ||||
|
|
| ||||
27,042,171 | ||||||
|
|
| ||||
Professional Services (0.8%): |
| |||||
11,903 | Alight, Inc., Class A* | 109,627 | ||||
1,184 | ASGN, Inc.* | 97,881 | ||||
494 | Barrett Business Services, Inc. | 43,788 | ||||
3,527 | Booz Allen Hamilton Holding Corp. | 326,918 | ||||
469 | CACI International, Inc., Class A* | 138,955 | ||||
2,664 | CBIZ, Inc.* | 131,841 | ||||
2,143 | Clarivate plc* | 20,123 | ||||
6,796 | CoStar Group, Inc.* | 467,905 | ||||
456 | CRA International, Inc. | 49,166 | ||||
10,835 | Dun & Bradstreet Holdings, Inc. | 127,203 | ||||
3,465 | Equifax, Inc. | 702,841 | ||||
715 | Exponent, Inc. | 71,278 | ||||
5,623 | First Advantage Corp.* | 78,497 | ||||
825 | Forrester Research, Inc.* | 26,689 | ||||
723 | FTI Consulting, Inc.* | 142,684 | ||||
421 | Heidrick & Struggles International, Inc. | 12,782 | ||||
660 | Huron Consulting Group, Inc.* | 53,044 | ||||
800 | ICF International, Inc. | 87,760 | ||||
614 | Insperity, Inc. | 74,632 | ||||
2,800 | Jacobs Solutions, Inc. | 329,028 | ||||
5,794 | KBR, Inc. | 318,960 | ||||
1,042 | Kelly Services, Inc., Class A | 17,287 | ||||
1,395 | Kforce, Inc. | 88,220 | ||||
1,797 | Korn Ferry | 92,977 | ||||
2,680 | Leidos Holdings, Inc. | 246,721 | ||||
1,891 | ManpowerGroup, Inc. | 156,064 | ||||
659 | Mistras Group, Inc.* | 4,468 | ||||
2,125 | Resources Connection, Inc. | 36,252 | ||||
5,874 | Robert Half International, Inc. | 473,268 | ||||
1,300 | Science Applications International Corp. | 139,698 | ||||
6,582 | SS&C Technologies Holdings, Inc. | 371,685 | ||||
4,915 | TransUnion | 305,418 | ||||
2,461 | TriNet Group, Inc.* | 198,381 | ||||
1,029 | TrueBlue, Inc.* | 18,316 | ||||
4,143 | Verisk Analytics, Inc. | 794,876 | ||||
633 | Willdan Group, Inc.* | 9,887 | ||||
|
|
| ||||
6,365,120 | ||||||
|
|
| ||||
Real Estate Management & Development (0.2%): |
| |||||
6,977 | CBRE Group, Inc., Class A* | 507,995 | ||||
15,717 | Cushman & Wakefield plc* | 165,657 | ||||
1,549 | Douglas Elliman, Inc. | 4,817 | ||||
1,163 | eXp World Holdings, Inc. | 14,759 | ||||
279 | Forestar Group, Inc.* | 4,341 | ||||
232 | FRP Holdings, Inc.* | 13,428 | ||||
1,569 | Howard Hughes Corp. (The)* | 125,520 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Real Estate Management & Development, continued |
| |||||
1,776 | Jones Lang LaSalle, Inc.* | $ | 258,390 | |||
7,959 | Kennedy-Wilson Holdings, Inc. | 132,040 | ||||
2,533 | Marcus & Millichap, Inc. | 81,335 | ||||
10,029 | Newmark Group, Inc. | 71,005 | ||||
997 | Rafael Holdings, Inc., Class B* | 1,545 | ||||
910 | RE/MAX Holdings, Inc., Class A | 17,072 | ||||
3,814 | Realogy Holdings Corp.* | 20,138 | ||||
1,447 | Tejon Ranch Co.* | 26,437 | ||||
357 | The RMR Group, Inc., Class A | 9,368 | ||||
1,857 | The St Joe Co. | 77,270 | ||||
1,463 | Zillow Group, Inc., Class A* | 63,933 | ||||
7,517 | Zillow Group, Inc., Class C* | 334,281 | ||||
|
|
| ||||
1,929,331 | ||||||
|
|
| ||||
Semiconductors & Semiconductor Equipment (5.3%): |
| |||||
17,619 | Advanced Micro Devices, Inc.* | 1,726,838 | ||||
5,662 | Allegro MicroSystems, Inc.* | 271,719 | ||||
1,120 | Alpha & Omega Semiconductor, Ltd.* | 30,184 | ||||
1,283 | Ambarella, Inc.* | 99,330 | ||||
15,177 | Amkor Technology, Inc. | 394,906 | ||||
8,536 | Analog Devices, Inc. | 1,683,470 | ||||
16,123 | Applied Materials, Inc. | 1,980,388 | ||||
1,575 | Axcelis Technologies, Inc.* | 209,869 | ||||
1,701 | AXT, Inc.* | 6,770 | ||||
6,176 | Broadcom, Inc. | 3,962,151 | ||||
437 | CEVA, Inc.* | 13,298 | ||||
2,615 | Cirrus Logic, Inc.* | 286,029 | ||||
2,261 | Cohu, Inc.* | 86,800 | ||||
1,551 | Diodes, Inc.* | 143,871 | ||||
3,086 | Enphase Energy, Inc.* | 648,924 | ||||
1,826 | Entegris, Inc. | 149,750 | ||||
2,177 | First Solar, Inc.* | 473,497 | ||||
3,423 | FormFactor, Inc.* | 109,023 | ||||
1,314 | GSI Technology, Inc.* | 2,260 | ||||
948 | Ichor Holdings, Ltd.* | 31,037 | ||||
62,799 | Intel Corp. | 2,051,643 | ||||
2,882 | KLA Corp. | 1,150,408 | ||||
2,536 | Kulicke & Soffa Industries, Inc. | 133,622 | ||||
3,620 | Lam Research Corp. | 1,919,034 | ||||
2,460 | Lattice Semiconductor Corp.* | 234,930 | ||||
2,876 | MACOM Technology Solutions Holdings, Inc.* | 203,736 | ||||
19,039 | Marvell Technology, Inc. | 824,389 | ||||
2,503 | MaxLinear, Inc., Class A* | 88,131 | ||||
10,451 | Microchip Technology, Inc. | 875,585 | ||||
24,152 | Micron Technology, Inc. | 1,457,332 | ||||
3,007 | MKS Instruments, Inc. | 266,480 | ||||
565 | Monolithic Power Systems, Inc. | 282,805 | ||||
150 | NVE Corp. | 12,448 | ||||
22,024 | NVIDIA Corp. | 6,117,606 | ||||
4,964 | NXP Semiconductors NV | 925,662 | ||||
16,852 | ON Semiconductor Corp.* | 1,387,257 | ||||
2,020 | Onto Innovation, Inc.* | 177,518 | ||||
1,438 | PDF Solutions, Inc.* | 60,971 | ||||
2,358 | Photronics, Inc.* | 39,096 | ||||
2,400 | Power Integrations, Inc. | 203,136 | ||||
4,727 | Qorvo, Inc.* | 480,121 | ||||
31,305 | Qualcomm, Inc. | 3,993,892 | ||||
3,254 | Rambus, Inc.* | 166,800 | ||||
1,305 | Semtech Corp.* | 31,503 | ||||
656 | Silicon Laboratories, Inc.* | 114,859 |
See accompanying notes to the schedules of portfolio investments.
51
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Semiconductors & Semiconductor Equipment, continued |
| |||||
5,222 | Skyworks Solutions, Inc. | $ | 616,092 | |||
1,050 | SMART Global Holdings, Inc.* | 18,102 | ||||
744 | SolarEdge Technologies, Inc.* | 226,139 | ||||
834 | Synaptics, Inc.* | 92,699 | ||||
4,230 | Teradyne, Inc. | 454,767 | ||||
23,202 | Texas Instruments, Inc. | 4,315,804 | ||||
1,251 | Ultra Clean Holdings, Inc.* | 41,483 | ||||
1,085 | Universal Display Corp. | 168,316 | ||||
1,442 | Veeco Instruments, Inc.* | 30,469 | ||||
2,493 | Wolfspeed, Inc.* | 161,920 | ||||
|
|
| ||||
41,634,869 | ||||||
|
|
| ||||
Software (6.3%): |
| |||||
2,814 | A10 Networks, Inc. | 43,589 | ||||
5,558 | ACI Worldwide, Inc.* | 149,955 | ||||
4,656 | Adeia, Inc. | 41,252 | ||||
3,583 | Adobe, Inc.* | 1,380,781 | ||||
436 | Agilysys, Inc.* | 35,974 | ||||
695 | Alarm.com Holdings, Inc.* | 34,945 | ||||
583 | Altair Engineering, Inc.* | 42,040 | ||||
1,009 | American Software, Inc., Class A | 12,723 | ||||
1,210 | ANSYS, Inc.* | 402,688 | ||||
591 | Aspen Technology, Inc.* | 135,262 | ||||
810 | Atlassian Corp., Class A* | 138,648 | ||||
4,390 | Autodesk, Inc.* | 913,822 | ||||
6,202 | AvidXchange Holdings, Inc.* | 48,376 | ||||
2,272 | Aware, Inc.* | 3,862 | ||||
5,443 | Bentley Systems, Inc., Class B | 233,995 | ||||
2,496 | BILL Holdings, Inc.* | 202,525 | ||||
2,534 | Black Knight, Inc.* | 145,857 | ||||
2,195 | Blackbaud, Inc.* | 152,113 | ||||
6,172 | Box, Inc.* | 165,348 | ||||
4,147 | Cadence Design Systems, Inc.* | 871,243 | ||||
2,772 | Cerence, Inc.* | 77,865 | ||||
4,685 | Ceridian HCM Holding, Inc.* | 343,036 | ||||
1,830 | Cognyte Software, Ltd.* | 6,204 | ||||
1,407 | CommVault Systems, Inc.* | 79,833 | ||||
4,325 | Confluent, Inc., Class A* | 104,103 | ||||
491 | Consensus Cloud Solutions, Inc.* | 16,738 | ||||
1,921 | Crowdstrike Holdings, Inc., Class A* | 263,676 | ||||
2,534 | Datadog, Inc., Class A* | 184,120 | ||||
3,037 | DocuSign, Inc.* | 177,057 | ||||
2,077 | Dolby Laboratories, Inc., Class A | 177,417 | ||||
4,165 | DoubleVerify Holdings, Inc.* | 125,575 | ||||
11,950 | Dropbox, Inc., Class A* | 258,359 | ||||
3,831 | Dynatrace, Inc.* | 162,051 | ||||
2,146 | E2open Parent Holdings, Inc.* | 12,490 | ||||
1,380 | Ebix, Inc. | 18,202 | ||||
3,059 | EngageSmart, Inc.* | 58,886 | ||||
1,707 | Envestnet, Inc.* | 100,150 | ||||
429 | Everbridge, Inc.* | 14,873 | ||||
237 | Fair Isaac Corp.* | 166,538 | ||||
10,912 | Fortinet, Inc.* | 725,212 | ||||
5,936 | Freshworks, Inc., Class A* | 91,177 | ||||
26,252 | Gen Digital, Inc. | 450,484 | ||||
2,480 | Guidewire Software, Inc.* | 203,484 | ||||
425 | HubSpot, Inc.* | 182,219 | ||||
1,949 | Informatica, Inc., Class A* | 31,964 | ||||
1,354 | InterDigital, Inc. | 98,707 | ||||
2,969 | Intuit, Inc. | 1,323,669 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Software, continued |
| |||||
3,554 | Jamf Holding Corp.* | $ | 69,019 | |||
3,557 | JFrog, Ltd.* | 70,073 | ||||
3,815 | LiveRamp Holdings, Inc.* | 83,663 | ||||
1,888 | Manhattan Associates, Inc.* | 292,357 | ||||
99,052 | Microsoft Corp. | 28,556,692 | ||||
4,817 | N-able, Inc.* | 63,584 | ||||
9,235 | NCR Corp.* | 217,854 | ||||
3,994 | Olo, Inc., Class A* | 32,591 | ||||
879 | OneSpan, Inc.* | 15,383 | ||||
26,522 | Oracle Corp. | 2,464,424 | ||||
35,970 | Palantir Technologies, Inc., Class A* | 303,946 | ||||
4,318 | Palo Alto Networks, Inc.* | 862,477 | ||||
1,083 | Paycom Software, Inc.* | 329,243 | ||||
1,183 | Paylocity Holding Corp.* | 235,157 | ||||
1,540 | Procore Technologies, Inc.* | 96,450 | ||||
1,843 | Progress Software Corp. | 105,880 | ||||
2,485 | PTC, Inc.* | 318,652 | ||||
389 | Q2 Holdings, Inc.* | 9,577 | ||||
482 | Qualys, Inc.* | 62,670 | ||||
468 | Roper Technologies, Inc. | 206,243 | ||||
10,774 | Salesforce, Inc.* | 2,152,430 | ||||
1,200 | Sapiens International Corp. NV | 26,064 | ||||
1,087 | ServiceNow, Inc.* | 505,151 | ||||
5,655 | SolarWinds Corp.* | 48,633 | ||||
3,521 | Splunk, Inc.* | 337,593 | ||||
347 | SPS Commerce, Inc.* | 52,848 | ||||
2,279 | Synchronoss Technologies, Inc.* | 2,142 | ||||
1,635 | Synopsys, Inc.* | 631,519 | ||||
3,307 | Teradata Corp.* | 133,206 | ||||
753 | Tyler Technologies, Inc.* | 267,044 | ||||
537 | Unity Software, Inc.* | 17,420 | ||||
1,022 | Verint Systems, Inc.* | 38,059 | ||||
1,088 | Vertex, Inc., Class A* | 22,511 | ||||
1,567 | VMware, Inc., Class A* | 195,640 | ||||
1,378 | Workday, Inc., Class A* | 284,612 | ||||
1,862 | Xperi, Inc.* | 20,352 | ||||
2,885 | Zoom Video Communications, Inc., Class A* | 213,028 | ||||
1,188 | Zscaler, Inc.* | 138,794 | ||||
|
|
| ||||
50,092,068 | ||||||
|
|
| ||||
Specialty Retail (2.2%): |
| |||||
893 | 1-800-Flowers.com, Inc., Class A* | 10,270 | ||||
1,093 | Aarons Co., Inc. (The) | 10,558 | ||||
2,382 | Abercrombie & Fitch Co., Class A* | 66,100 | ||||
5,162 | Academy Sports & Outdoors, Inc. | 336,820 | ||||
3,501 | Advance Auto Parts, Inc. | 425,757 | ||||
10,666 | American Eagle Outfitters, Inc. | 143,351 | ||||
200 | Americas Car-Mart, Inc.* | 15,842 | ||||
793 | Asbury Automotive Group, Inc.* | 166,530 | ||||
2,911 | AutoNation, Inc.* | 391,122 | ||||
34 | AutoZone, Inc.* | 83,577 | ||||
3,164 | Barnes & Noble Education, Inc.* | 4,809 | ||||
6,125 | Bath & Body Works, Inc. | 224,053 | ||||
9,940 | Best Buy Co., Inc. | 778,004 | ||||
1,657 | Big 5 Sporting Goods Corp. | 12,742 | ||||
969 | Boot Barn Holdings, Inc.* | 74,264 | ||||
583 | Build-A-Bear Workshop, Inc. | 13,549 | ||||
1,747 | Burlington Stores, Inc.* | 353,069 | ||||
2,280 | Caleres, Inc. | 49,316 | ||||
7,179 | CarMax, Inc.* | 461,466 |
See accompanying notes to the schedules of portfolio investments.
52
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Specialty Retail, continued |
| |||||
1,987 | Cato Corp., Class A | $ | 17,565 | |||
1,979 | Chewy, Inc., Class A* | 73,975 | ||||
7,822 | Chicos FAS, Inc.* | 43,021 | ||||
566 | Citi Trends, Inc.* | 10,765 | ||||
1,572 | Conns, Inc.* | 9,526 | ||||
3,425 | Designer Brands, Inc., Class A | 29,935 | ||||
3,630 | Destination XL Group, Inc.* | 20,001 | ||||
2,689 | Dicks Sporting Goods, Inc. | 381,542 | ||||
1,082 | Five Below, Inc.* | 222,860 | ||||
3,631 | Floor & Decor Holdings, Inc., Class A* | 356,637 | ||||
5,197 | Foot Locker, Inc. | 206,269 | ||||
20,327 | Gap, Inc. (The) | 204,083 | ||||
435 | Genesco, Inc.* | 16,043 | ||||
630 | Group 1 Automotive, Inc. | 142,645 | ||||
2,846 | Guess?, Inc. | 55,383 | ||||
583 | Haverty Furniture Cos., Inc. | 18,604 | ||||
499 | Hibbett, Inc. | 29,431 | ||||
7,794 | Home Depot, Inc. (The) | 2,300,165 | ||||
1,642 | Lands End, Inc.* | 15,960 | ||||
7,985 | Leslies, Inc.* | 87,915 | ||||
1,881 | Lithia Motors, Inc. | 430,617 | ||||
8,864 | Lowes Cos., Inc. | 1,772,534 | ||||
527 | MarineMax, Inc.* | 15,151 | ||||
1,792 | Monro, Inc. | 88,579 | ||||
451 | Murphy U.S.A., Inc. | 116,381 | ||||
4,509 | National Vision Holdings, Inc.* | 84,950 | ||||
2,592 | ODP Corp. (The)* | 116,588 | ||||
1,014 | OReilly Automotive, Inc.* | 860,866 | ||||
2,891 | Penske Automotive Group, Inc. | 409,973 | ||||
11,500 | Petco Health & Wellness Co., Inc.* | 103,500 | ||||
588 | PetMed Express, Inc. | 9,549 | ||||
1,458 | Revolve Group, Inc.* | 38,345 | ||||
58 | RH* | 14,126 | ||||
7,784 | Ross Stores, Inc. | 826,116 | ||||
6,562 | Sally Beauty Holdings, Inc.* | 102,236 | ||||
1,200 | Shoe Carnival, Inc. | 30,780 | ||||
3,126 | Signet Jewelers, Ltd. | 243,140 | ||||
472 | Sleep Number Corp.* | 14,354 | ||||
844 | Sonic Automotive, Inc., Class A | 45,863 | ||||
1,606 | Sportsmans Warehouse Holdings, Inc.* | 13,619 | ||||
4,730 | Stitch Fix, Inc., Class A* | 24,170 | ||||
2,908 | The Buckle, Inc. | 103,787 | ||||
501 | The Childrens Place, Inc.* | 20,165 | ||||
854 | Tillys, Inc.* | 6,584 | ||||
18,326 | TJX Cos., Inc. (The) | 1,436,025 | ||||
3,634 | Tractor Supply Co. | 854,135 | ||||
1,363 | Ulta Beauty, Inc.* | 743,748 | ||||
3,729 | Upbound Group, Inc. | 91,398 | ||||
5,247 | Urban Outfitters, Inc.* | 145,447 | ||||
4,115 | Victorias Secret & Co.* | 140,527 | ||||
1,804 | Williams-Sonoma, Inc. | 219,475 | ||||
75 | Winmark Corp. | 24,032 | ||||
729 | Zumiez, Inc.* | 13,443 | ||||
|
|
| ||||
17,023,727 | ||||||
|
|
| ||||
Technology Hardware, Storage & Peripherals (5.4%): |
| |||||
241,082 | Apple, Inc. | 39,754,422 | ||||
728 | AstroNova, Inc.* | 10,258 | ||||
1,682 | Avid Technology, Inc.* | 53,790 | ||||
1,091 | Corsair Gaming, Inc.* | 20,020 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Technology Hardware, Storage & Peripherals, continued |
| |||||
5,212 | Dell Technologies, Inc., Class C | $ | 209,575 | |||
34,358 | Hewlett Packard Enterprise Co. | 547,323 | ||||
19,762 | HP, Inc. | 580,015 | ||||
7,086 | NetApp, Inc. | 452,441 | ||||
7,340 | Pure Storage, Inc., Class A* | 187,243 | ||||
4,442 | Seagate Technology Holdings plc | 293,705 | ||||
3,380 | Stratasys, Ltd.* | 55,871 | ||||
2,962 | Super Micro Computer, Inc.* | 315,601 | ||||
8,467 | Western Digital Corp.* | 318,952 | ||||
8,831 | Xerox Holdings Corp. | 135,997 | ||||
|
|
| ||||
42,935,213 | ||||||
|
|
| ||||
Textiles, Apparel & Luxury Goods (1.1%): |
| |||||
8,154 | Capri Holdings, Ltd.* | 383,238 | ||||
2,487 | Carters, Inc. | 178,865 | ||||
2,680 | Columbia Sportswear Co. | 241,843 | ||||
3,185 | Crocs, Inc.* | 402,711 | ||||
810 | Culp, Inc. | 4,212 | ||||
1,277 | Deckers Outdoor Corp.* | 574,075 | ||||
1,494 | Fossil Group, Inc.* | 4,781 | ||||
2,480 | G-III Apparel Group, Ltd.* | 38,564 | ||||
16,912 | Hanesbrands, Inc. | 88,957 | ||||
2,195 | Kontoor Brands, Inc. | 106,216 | ||||
5,738 | Levi Strauss & Co. | 104,604 | ||||
3,307 | Lululemon Athletica, Inc.* | 1,204,376 | ||||
1,088 | Movado Group, Inc. | 31,302 | ||||
22,610 | NIKE, Inc., Class B | 2,772,890 | ||||
1,020 | Oxford Industries, Inc. | 107,702 | ||||
3,529 | PVH Corp. | 314,646 | ||||
2,424 | Ralph Lauren Corp. | 282,808 | ||||
570 | Rocky Brands, Inc. | 13,150 | ||||
6,081 | Skechers U.S.A., Inc., Class A* | 288,969 | ||||
4,232 | Steven Madden, Ltd. | 152,352 | ||||
700 | Superior Group of Cos., Inc. | 5,509 | ||||
15,312 | Tapestry, Inc. | 660,100 | ||||
10,508 | Under Armour, Inc., Class A* | 99,721 | ||||
12,274 | Under Armour, Inc., Class C* | 104,697 | ||||
1,027 | Unifi, Inc.* | 8,391 | ||||
802 | Vera Bradley, Inc.* | 4,804 | ||||
22,938 | VF Corp. | 525,510 | ||||
4,439 | Wolverine World Wide, Inc. | 75,685 | ||||
|
|
| ||||
8,780,678 | ||||||
|
|
| ||||
Tobacco (0.5%): |
| |||||
29,251 | Altria Group, Inc. | 1,305,180 | ||||
23,563 | Philip Morris International, Inc. | 2,291,502 | ||||
1,286 | Universal Corp. | 68,016 | ||||
7,266 | Vector Group, Ltd. | 87,265 | ||||
|
|
| ||||
3,751,963 | ||||||
|
|
| ||||
Trading Companies & Distributors (0.9%): |
| |||||
5,434 | Air Lease Corp. | 213,937 | ||||
1,661 | Applied Industrial Technologies, Inc. | 236,078 | ||||
4,247 | Beacon Roofing Supply, Inc.* | 249,936 | ||||
424 | BlueLinx Holdings, Inc.* | 28,815 | ||||
1,071 | Boise Cascade Co. | 67,741 | ||||
4,200 | Core & Main, Inc., Class A* | 97,020 | ||||
644 | DXP Enterprises, Inc.* | 17,336 | ||||
15,443 | Fastenal Co. | 832,995 | ||||
1,483 | GATX Corp. | 163,160 | ||||
977 | Global Industrial Co. | 26,223 |
See accompanying notes to the schedules of portfolio investments.
53
AZL DFA U.S. Core Equity Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Trading Companies & Distributors, continued |
| |||||
1,243 | GMS, Inc.* | $ | 71,957 | |||
1,547 | H&E Equipment Services, Inc. | 68,424 | ||||
2,005 | Herc Holdings, Inc. | 228,370 | ||||
2,780 | Hudson Technologies, Inc.* | 24,269 | ||||
730 | McGrath Rentcorp | 68,116 | ||||
2,381 | MRC Global, Inc.* | 23,143 | ||||
1,669 | MSC Industrial Direct Co., Inc. | 140,196 | ||||
6,303 | NOW, Inc.* | 70,278 | ||||
2,504 | Rush Enterprises, Inc., Class A | 136,718 | ||||
365 | Rush Enterprises, Inc., Class B | 21,860 | ||||
1,560 | SiteOne Landscape Supply, Inc.* | 213,517 | ||||
2,757 | Textainer Group Holdings, Ltd. | 88,527 | ||||
1,803 | Titan Machinery, Inc.* | 54,901 | ||||
173 | Transcat, Inc.* | 15,464 | ||||
3,921 | Triton International, Ltd. | 247,886 | ||||
3,630 | United Rentals, Inc. | 1,436,609 | ||||
10,558 | Univar Solutions, Inc.* | 369,847 | ||||
947 | Veritiv Corp. | 127,978 | ||||
1,345 | W.W. Grainger, Inc. | 926,449 | ||||
1,000 | Watsco, Inc. | 318,160 | ||||
84 | Watsco, Inc., Class B | 26,415 | ||||
1,596 | WESCO International, Inc. | 246,646 | ||||
|
|
| ||||
6,858,971 | ||||||
|
|
| ||||
Water Utilities (0.1%): |
| |||||
830 | American States Water Co. | 73,779 | ||||
3,916 | American Water Works Co., Inc. | 573,655 | ||||
491 | Artesian Resources Corp. | 27,182 | ||||
2,255 | California Water Service Group | 131,241 | ||||
5,702 | Essential Utilities, Inc. | 248,892 | ||||
355 | Middlesex Water Co. | 27,733 | ||||
669 | Pure Cycle Corp.* | 6,322 | ||||
626 | SJW Group | 47,657 | ||||
372 | York Water Co. (The) | 16,628 | ||||
|
|
| ||||
1,153,089 | ||||||
|
|
| ||||
Wireless Telecommunication Services (0.2%): |
| |||||
5,179 | Gogo, Inc.* | 75,096 | ||||
1,333 | Shenandoah Telecommunications Co. | 25,354 | ||||
1,649 | Spok Holdings, Inc. | 16,704 | ||||
7,440 | Telephone and Data Systems, Inc. | 78,194 | ||||
11,609 | T-Mobile US, Inc.* | 1,681,448 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Wireless Telecommunication Services, continued |
| |||||
1,151 | United States Cellular Corp.* | $ | 23,860 | |||
|
|
|||||
1,900,656 | ||||||
|
|
|||||
Total Common Stocks (Cost $628,360,153) |
789,556,068 | |||||
|
|
|||||
Preferred Stock (0.0%): |
| |||||
Trading Companies & Distributors (0.0%): |
| |||||
1,076 | WESCO International, Inc., Series A, 10.63% | 29,170 | ||||
|
|
|||||
Total Preferred Stock (Cost $28,514) |
29,170 | |||||
|
|
|||||
Rights (0.0%): |
| |||||
Biotechnology (0.0%): |
| |||||
3,743 | Achillion Pharm CVR, Expires on 1/29/49* | 5,353 | ||||
|
|
|||||
Health Care Equipment & Supplies (0.0%): |
| |||||
278 | ABIOMED, Inc. CVR, Expires on 1/2/26* | 284 | ||||
|
|
|||||
Oil, Gas & Consumable Fuels (0.0%): |
| |||||
2,344 | Resolute Fst CVR, Expires on 1/1/26* | 3,328 | ||||
|
|
|||||
Trading Companies & Distributors (0.0%): |
| |||||
79 | Communications Systems I CVR, Expires on 1/1/29* |
|
349 |
| ||
|
|
|||||
Total Rights (Cost $) |
9,314 | |||||
|
|
|||||
Principal Amount | ||||||
Short-Term Security Held as Collateral for Securities on Loan (0.0%): | ||||||
199,862 | BlackRock Liquidity FedFund, Institutional Class , 2.54%(b)(c) | 199,862 | ||||
|
|
|||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $199,862) |
199,862 | |||||
|
|
|||||
Shares | ||||||
Unaffiliated Investment Company (0.3%): | ||||||
Money Markets (0.3%): | ||||||
2,238,759 | Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 4.43%(c) | 2,238,759 | ||||
|
|
|||||
Total Unaffiliated Investment Company (Cost $2,238,759) |
2,238,759 | |||||
|
|
|||||
Total Investment Securities |
||||||
(Cost $630,827,287) 100.1% |
792,033,173 | |||||
Net other assets (liabilities) (0.1)% |
(876,031 | ) | ||||
|
|
|||||
Net Assets 100.0% |
$ | 791,157,142 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023
CVR - Contingency | Valued Rights |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $203,057. |
| Represents less than 0.05%. |
* | Non-income producing security. |
(a) | Security was valued using unobservable inputs as of March 31, 2023. |
(b) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(c) | The rate represents the effective yield at March 31, 2023. |
Amounts shown as are either 0 or round to less than 1.
See accompanying notes to the schedules of portfolio investments.
54
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (99.7%): | ||||||
Aerospace & Defense (1.5%): | ||||||
4,457 | AAR Corp.* | $ | 243,129 | |||
5,037 | Aerojet Rocketdyne Holdings, Inc.* | 282,928 | ||||
2,635 | AeroVironment, Inc.* | 241,524 | ||||
5,534 | Astronics Corp.* | 73,934 | ||||
392 | Astronics Corp., Class B* | 4,312 | ||||
9,047 | BWX Technologies, Inc. | 570,323 | ||||
1,515 | Curtiss-Wright Corp. | 267,034 | ||||
1,538 | Ducommun, Inc.* | 84,144 | ||||
4,744 | Hexcel Corp. | 323,778 | ||||
3,376 | Innovative Solutions & Support, Inc. | 24,780 | ||||
2,977 | Kaman Corp., Class A | 68,054 | ||||
12,407 | Kratos Defense & Security Solutions, Inc.* | 167,246 | ||||
1,825 | Maxar Technologies, Inc. | 93,185 | ||||
2,680 | Mercury Systems, Inc.* | 137,002 | ||||
3,061 | Moog, Inc., Class A | 308,396 | ||||
984 | National Presto Industries, Inc. | 70,937 | ||||
5,428 | Park Aerospace Corp., Class C | 73,007 | ||||
4,030 | Parsons Corp.* | 180,302 | ||||
966 | Triumph Group, Inc.* | 11,196 | ||||
759 | V2X, Inc.* | 30,147 | ||||
682 | Woodward, Inc. | 66,406 | ||||
|
|
|||||
3,321,764 | ||||||
|
|
|||||
Air Freight & Logistics (0.4%): |
| |||||
738 | Air T, Inc. | 17,860 | ||||
8,063 | Air Transport Services Group, Inc.* | 167,952 | ||||
2,622 | Forward Air Corp. | 282,547 | ||||
1,052 | GXO Logistics, Inc.* | 53,084 | ||||
3,378 | Hub Group, Inc., Class A* | 283,549 | ||||
10,253 | Radiant Logistics, Inc.* | 67,260 | ||||
|
|
|||||
872,252 | ||||||
|
|
|||||
Automobile Components (1.9%): |
| |||||
9,203 | Adient plc* | 376,955 | ||||
12,836 | American Axle & Manufacturing Holdings, Inc.* | 100,249 | ||||
151 | Autoliv, Inc. | 14,097 | ||||
2,031 | Cooper-Standard Holdings, Inc.* | 28,921 | ||||
15,253 | Dana, Inc. | 229,558 | ||||
3,131 | Dorman Products, Inc. | 270,080 | ||||
4,077 | Fox Factory Holding Corp.* | 494,826 | ||||
570 | Gentex Corp. | 15,977 | ||||
3,709 | Gentherm, Inc.* | 224,098 | ||||
29,434 | Goodyear Tire & Rubber Co. (The)* | 324,363 | ||||
7,274 | Harley-Davidson, Inc. | 276,194 | ||||
2,637 | LCI Industries | 289,727 | ||||
8,291 | Modine Manufacturing Co.* | 191,108 | ||||
4,433 | Motorcar Parts of America, Inc.* | 32,982 | ||||
1,849 | Patrick Industries, Inc. | 127,230 | ||||
2,719 | Standard Motor Products, Inc. | 100,358 | ||||
3,353 | Stoneridge, Inc.* | 62,701 | ||||
2,799 | Thor Industries, Inc. | 222,912 | ||||
2,880 | Visteon Corp.* | 451,670 | ||||
2,959 | Winnebago Industries, Inc. | 170,734 | ||||
878 | XPEL, Inc.* | 59,660 | ||||
|
|
|||||
4,064,400 | ||||||
|
|
|||||
Banks (9.9%): |
| |||||
2,374 | 1st Source Corp. | 102,438 | ||||
410 | ACNB Corp. | 13,345 | ||||
600 | Amalgamated Financial Corp. | 10,614 |
Shares | Value | |||||
Common Stocks, continued | ||||||
Banks, continued | ||||||
2,183 | Amerant Bancorp, Inc. | $ | 47,502 | |||
939 | American National Bankshares, Inc. | 29,766 | ||||
7,949 | Ameris Bancorp | 290,774 | ||||
2,317 | Ames National Corp. | 48,194 | ||||
1,825 | Arrow Financial Corp. | 45,461 | ||||
7,815 | Associated Banc-Corp. | 140,514 | ||||
3,770 | Atlantic Union Bankshares Corp. | 132,138 | ||||
13 | Auburn National Bancorp, Inc. | 295 | ||||
3,446 | Axos Financial, Inc.* | 127,226 | ||||
5,753 | Banc of California, Inc. | 72,085 | ||||
2,869 | BancFirst Corp. | 238,414 | ||||
3,525 | Bancorp, Inc. (The)* | 98,171 | ||||
4,823 | Bank of Hawaii Corp. | 251,182 | ||||
2,100 | Bank of Marin Bancorp | 45,969 | ||||
2,482 | Bank of NT Butterfield & Son, Ltd. (The) | 67,014 | ||||
485 | Bank of South Carolina Corp. | 7,673 | ||||
14,561 | Bank OZK | 497,986 | ||||
2,838 | BankFinancial Corp. | 24,832 | ||||
9,751 | BankUnited, Inc. | 220,178 | ||||
1,859 | Banner Corp. | 101,074 | ||||
872 | Bar Harbor Bankshares | 23,064 | ||||
2,544 | Baycom Corp. | 43,452 | ||||
595 | BCB Bancorp, Inc. | 7,812 | ||||
4,593 | Berkshire Hills Bancorp, Inc. | 115,101 | ||||
2,284 | Blue Foundry Bancorp* | 21,744 | ||||
3,085 | BOK Financial Corp. | 260,405 | ||||
2,024 | Bridgewater Bancshares, Inc.* | 21,940 | ||||
5,008 | Brookline Bancorp, Inc. | 52,584 | ||||
667 | Business First Bancshares, Inc. | 11,426 | ||||
2,546 | Byline BanCorp, Inc. | 55,045 | ||||
227 | C&F Financial Corp. | 11,738 | ||||
20,744 | Cadence Bank | 430,645 | ||||
436 | Cambridge Bancorp | 28,257 | ||||
2,138 | Camden National Corp. | 77,374 | ||||
2,618 | Capital City Bank Group, Inc. | 76,734 | ||||
7,770 | Capitol Federal Financial, Inc. | 52,292 | ||||
700 | Capstar Financial Holdings, Inc. | 10,605 | ||||
8,271 | Cathay General Bancorp | 285,515 | ||||
1,822 | Central Pacific Financial Corp. | 32,614 | ||||
1,934 | Central Valley Community Bancorp | 39,802 | ||||
668 | Chemung Financial Corp. | 27,722 | ||||
2,723 | Citizens & Northern Corp. | 58,218 | ||||
280 | Citizens Community Bancorp, Inc. | 2,971 | ||||
718 | Citizens Holding Co. | 8,673 | ||||
1,571 | City Holding Co. | 142,772 | ||||
822 | Civista Bancshares, Inc. | 13,875 | ||||
2,204 | CNB Financial Corp. | 42,317 | ||||
271 | Coastal Financial Corp.* | 9,759 | ||||
85 | Codorus Valley Bancorp, Inc. | 1,764 | ||||
56 | Colony Bankcorp, Inc. | 571 | ||||
23,726 | Columbia Banking System, Inc. | 508,211 | ||||
9,398 | Columbia Financial, Inc.* | 171,795 | ||||
2,562 | Community Bank System, Inc. | 134,479 | ||||
2,700 | Community Trust Bancorp, Inc. | 102,465 | ||||
525 | Community West Bancshares | 6,641 | ||||
5,427 | ConnectOne Bancorp, Inc. | 95,949 | ||||
4,772 | CrossFirst Bankshares, Inc.* | 50,011 | ||||
3,496 | Customers Bancorp, Inc.* | 64,746 | ||||
6,743 | CVB Financial Corp. | 112,473 |
See accompanying notes to the schedules of portfolio investments. |
55
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Banks, continued |
| |||||
2,220 | Dime Community Bancshares, Inc. | $ | 50,438 | |||
609 | Eagle Bancorp Montana, Inc. | 8,593 | ||||
3,312 | Eagle Bancorp, Inc. | 110,853 | ||||
2,687 | Eastern Bankshares, Inc. | 33,910 | ||||
759 | Enterprise Bancorp, Inc. | 23,878 | ||||
2,149 | Enterprise Financial Services Corp. | 95,824 | ||||
1,888 | Equity Bancshares, Inc. | 46,011 | ||||
1,537 | ESSA Bancorp, Inc. | 24,162 | ||||
1,156 | Evans Bancorp, Inc. | 38,801 | ||||
34,418 | F.N.B. Corp. | 399,249 | ||||
2,582 | Farmers National Banc Corp. | 32,636 | ||||
2,391 | FB Financial Corp. | 74,312 | ||||
2,566 | Financial Institutions, Inc. | 49,472 | ||||
22,168 | First BanCorp | 253,159 | ||||
1,555 | First Bancorp, Inc. (The) | 40,259 | ||||
3,627 | First Bancorp/Southern Pines NC | 128,831 | ||||
3,288 | First Bancshares, Inc. (The) | 84,929 | ||||
5,592 | First Busey Corp. | 113,741 | ||||
1,453 | First Business Financial Services, Inc. | 44,331 | ||||
242 | First Capital, Inc. | 6,207 | ||||
4,622 | First Commonwealth Financial Corp. | 57,451 | ||||
2,238 | First Community Bankshares | 56,062 | ||||
9,894 | First Financial Bancorp | 215,392 | ||||
5,933 | First Financial Bankshares, Inc. | 189,263 | ||||
1,672 | First Financial Corp. | 62,667 | ||||
1,717 | First Financial Northwest, Inc. | 21,926 | ||||
2,543 | First Foundation, Inc. | 18,945 | ||||
6,483 | First Hawaiian, Inc. | 133,744 | ||||
402 | First Internet BanCorp | 6,693 | ||||
9,316 | First Interstate BancSystem, Inc., Class A | 278,176 | ||||
2,751 | First Merchants Corp. | 90,645 | ||||
720 | First Mid Bancshares, Inc. | 19,598 | ||||
2,923 | First of Long Island Corp. (The) | 39,460 | ||||
84 | First Savings Financial Group, Inc. | 1,352 | ||||
234 | First United Corp. | 3,945 | ||||
908 | First US Bancshares, Inc. | 6,792 | ||||
1,446 | Five Star Bancorp | 30,858 | ||||
3,754 | Flushing Financial Corp. | 55,897 | ||||
1,506 | FS Bancorp, Inc. | 45,195 | ||||
19,649 | Fulton Financial Corp. | 271,549 | ||||
2,039 | German American Bancorp, Inc. | 68,041 | ||||
11,466 | Glacier Bancorp, Inc. | 481,687 | ||||
1,038 | Great Southern Bancorp, Inc. | 52,606 | ||||
440 | Guaranty Bancshares, Inc. | 12,263 | ||||
9,524 | Hancock Whitney Corp. | 346,674 | ||||
3,857 | Hanmi Financial Corp. | 71,624 | ||||
7,681 | HarborOne Bancorp, Inc. | 93,708 | ||||
44 | Hawthorn Bancshares, Inc. | 1,028 | ||||
1,822 | HBT Financial, Inc. | 35,930 | ||||
4,161 | Heartland Financial USA, Inc. | 159,616 | ||||
4,560 | Heritage Financial Corp. | 97,584 | ||||
4,406 | Hertiage Commerce Corp. | 36,702 | ||||
4,106 | Hilltop Holdings, Inc. | 121,825 | ||||
150 | Hingham Institution for Savings (The) | 35,016 | ||||
629 | HMN Financial, Inc. | 12,121 | ||||
973 | Home Bancorp, Inc. | 32,138 | ||||
17,823 | Home Bancshares, Inc. | 386,937 | ||||
86 | Home Federal Bancorp, Inc. | 1,468 | ||||
2,273 | HomeStreet, Inc. | 40,891 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Banks, continued |
| |||||
2,317 | Hometrust Bancshares, Inc. | $ | 56,975 | |||
12,058 | Hope BanCorp, Inc. | 118,410 | ||||
6,998 | Horizon Bancorp, Inc. | 77,398 | ||||
869 | IF Bancorp, Inc. | 13,504 | ||||
1,306 | Independent Bank Corp. | 23,208 | ||||
2,325 | Independent Bank Corp. | 152,566 | ||||
4,333 | Independent Bank Group, Inc. | 200,835 | ||||
6,432 | International Bancshares Corp. | 275,418 | ||||
8,307 | Kearny Financial Corp. | 67,453 | ||||
390 | Kentucky First Federal Bancorp | 2,437 | ||||
4,232 | Lakeland Bancorp, Inc. | 66,188 | ||||
1,317 | Lakeland Financial Corp. | 82,497 | ||||
997 | Landmark Bancorp, Inc. | 20,598 | ||||
1,512 | LCNB Corp. | 24,706 | ||||
4,363 | Live Oak Bancshares, Inc. | 106,326 | ||||
3,446 | Luther Burbank Corp. | 32,668 | ||||
3,707 | Macatawa Bank Corp. | 37,886 | ||||
940 | Malvern Bancorp, Inc.* | 14,283 | ||||
2,374 | Mercantile Bank Corp. | 72,597 | ||||
400 | Metropolitan Bank Holding Corp.* | 13,556 | ||||
782 | Mid Penn Bancorp, Inc. | 20,027 | ||||
3,355 | Midland States BanCorp, Inc. | 71,864 | ||||
2,171 | MidWestone Financial Group, Inc. | 53,016 | ||||
300 | MVB Financial Corp. | 6,192 | ||||
3,634 | National Bank Holdings Corp. | 121,594 | ||||
769 | National Bankshares, Inc. | 24,193 | ||||
4,356 | NBT Bancorp, Inc. | 146,841 | ||||
23,943 | New York Community Bancorp, Inc. | 216,445 | ||||
679 | Nicolet Bankshares, Inc.* | 42,811 | ||||
822 | Northeast Bank | 27,669 | ||||
6,156 | Northfield Bancorp, Inc. | 72,518 | ||||
657 | Northrim Bancorp, Inc. | 30,997 | ||||
13,094 | Northwest Bancshares, Inc. | 157,521 | ||||
609 | Norwood Financial Corp. | 17,917 | ||||
3,132 | Oceanfirst Financial Corp. | 57,879 | ||||
198 | Oconee Federal Financial Corp. | 3,663 | ||||
4,849 | OFG Bancorp | 120,934 | ||||
183 | Ohio Valley Banc Corp. | 4,284 | ||||
4,466 | Old National Bancorp | 64,400 | ||||
1,004 | Old Point Financial Corp. | 23,905 | ||||
3,314 | Old Second Bancorp, Inc. | 46,595 | ||||
2,466 | Origin Bancorp, Inc. | 79,282 | ||||
1,846 | Orrstown Financial Services, Inc. | 36,662 | ||||
10,027 | Pacific Premier Bancorp, Inc. | 240,849 | ||||
6,187 | PacWest Bancorp^ | 60,200 | ||||
1,210 | Park National Corp. | 143,470 | ||||
1,636 | Parke Bancorp, Inc. | 29,088 | ||||
1,842 | Pathward Financial, Inc. | 76,425 | ||||
1,140 | Peapack-Gladstone Financial Corp. | 33,767 | ||||
952 | Penns Woods Bancorp, Inc. | 21,991 | ||||
434 | Peoples Bancorp of North Carolina, Inc. | 13,788 | ||||
4,279 | Peoples Bancorp, Inc. | 110,184 | ||||
488 | Peoples Financial Services Corp. | 21,155 | ||||
4,556 | Pinnacle Financial Partners, Inc. | 251,309 | ||||
4,363 | Popular, Inc. | 250,480 | ||||
1,407 | Preferred Bank Los Angeles | 77,118 | ||||
4,368 | Premier Financial Corp. | 90,549 | ||||
2,309 | Primis Financial Corp. | 22,236 | ||||
1,001 | Prosperity Bancshares, Inc. | 61,582 |
See accompanying notes to the schedules of portfolio investments. |
56
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Banks, continued |
| |||||
1,677 | Provident Financial Holdings, Inc. | $ | 22,858 | |||
3,721 | Provident Financial Services, Inc. | 71,369 | ||||
1,518 | QCR Holdings, Inc. | 66,655 | ||||
351 | Rbb BanCorp | 5,440 | ||||
5,730 | Renasant Corp. | 175,223 | ||||
2,023 | Republic Bancorp, Inc., Class A | 85,836 | ||||
6,466 | Republic First Bancorp, Inc.* | 8,794 | ||||
1,982 | Riverview Bancorp, Inc. | 10,584 | ||||
4,279 | S&T Bancorp, Inc. | 134,575 | ||||
640 | Salisbury Bancorp, Inc. | 15,424 | ||||
4,833 | Sandy Spring Bancorp, Inc. | 125,561 | ||||
579 | SB Financial Group, Inc. | 8,181 | ||||
4,000 | Seacoast Banking Corp of Florida | 94,800 | ||||
5,438 | ServisFirst Bancshares, Inc. | 297,078 | ||||
2,960 | Shore Bancshares, Inc. | 42,269 | ||||
1,997 | Sierra Bancorp | 34,388 | ||||
13,368 | Simmons First National Corp., Class A | 233,806 | ||||
1,252 | Southern First Bancshares, Inc.* | 38,436 | ||||
707 | Southern Missouri Bancorp, Inc. | 26,449 | ||||
3,030 | Southside Bancshares, Inc. | 100,596 | ||||
3,541 | SouthState Corp. | 252,332 | ||||
5,561 | Stellar Bancorp, Inc. | 136,856 | ||||
1,053 | Sterling Bancorp, Inc.* | 5,960 | ||||
2,985 | Stock Yards Bancorp, Inc. | 164,593 | ||||
682 | Summit Financial Group, Inc. | 14,151 | ||||
1,323 | Summit State Bank | 18,350 | ||||
3,187 | Synovus Financial Corp. | 98,255 | ||||
1,409 | Territorial Bancorp, Inc. | 27,208 | ||||
2,562 | Texas Capital Bancshares, Inc.* | 125,436 | ||||
694 | Tompkins Financial Corp. | 45,950 | ||||
7,395 | TowneBank | 197,077 | ||||
1,824 | TriCo Bancshares | 75,860 | ||||
2,060 | Triumph Financial, Inc.* | 119,604 | ||||
2,949 | TrustCo Bank Corp. NY | 94,191 | ||||
6,543 | Trustmark Corp. | 161,612 | ||||
2,644 | UMB Financial Corp. | 152,612 | ||||
249 | Union Bankshares, Inc. | 5,505 | ||||
450 | United Bancshares, Inc. | 8,640 | ||||
14,933 | United Bankshares, Inc. | 525,642 | ||||
10,718 | United Community Banks, Inc. | 301,390 | ||||
916 | United Security Bancshares | 5,844 | ||||
42 | Unity Bancorp, Inc. | 958 | ||||
2,426 | Univest Financial Corp. | 57,593 | ||||
18,424 | Valley National Bancorp | 170,238 | ||||
1,563 | Veritex Holdings, Inc. | 28,540 | ||||
7,052 | Washington Federal, Inc. | 212,406 | ||||
2,313 | Washington Trust Bancorp, Inc. | 80,169 | ||||
5,051 | WesBanco, Inc. | 155,066 | ||||
1,569 | West BanCorp, Inc. | 28,666 | ||||
1,354 | Westamerica BanCorp | 59,982 | ||||
5,173 | Western New England BanCorp, Inc. | 42,470 | ||||
6,563 | Wintrust Financial Corp. | 478,771 | ||||
7,007 | WSFS Financial Corp. | 263,533 | ||||
35 | WVS Financial Corp. | 472 | ||||
|
|
|||||
21,304,634 | ||||||
|
|
|||||
Beverages (0.5%): |
| |||||
943 | Boston Beer Co., Inc. (The), Class A* | 309,964 | ||||
706 | Coca-Cola Consolidated, Inc. | 377,766 | ||||
2,226 | MGP Ingredients, Inc. | 215,299 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Beverages, continued |
| |||||
2,943 | National Beverage Corp.* | $ | 155,155 | |||
985 | Willamette Valley Vineyards, Inc.* | 6,068 | ||||
|
|
|||||
1,064,252 | ||||||
|
|
|||||
Biotechnology (2.6%): |
| |||||
896 | 4D Molecular Therapeutics, Inc.* | 15,402 | ||||
1,733 | AC Immune SA* | 4,055 | ||||
900 | Adicet Bio, Inc.* | 5,184 | ||||
3,308 | Adverum Biotechnologies, Inc.* | 2,373 | ||||
5,441 | Agios Pharmaceuticals, Inc.* | 124,980 | ||||
2,076 | Akero Therapeutics, Inc.* | 79,428 | ||||
2,035 | Aldeyra Therapeutics, Inc.* | 20,208 | ||||
16,177 | Alkermes plc* | 456,030 | ||||
2,613 | Allogene Therapeutics, Inc.* | 12,908 | ||||
4,178 | AnaptysBio, Inc.* | 90,913 | ||||
2,497 | Anika Therapeutics, Inc.* | 71,714 | ||||
2,476 | Arcturus Therapeutics Holdings, Inc.* | 59,350 | ||||
629 | Arcus Biosciences, Inc.* | 11,473 | ||||
7,314 | Arcutis Biotherapeutics, Inc.* | 80,454 | ||||
6,613 | Ardelyx, Inc.* | 31,676 | ||||
1,561 | Assembly Biosciences, Inc.* | 1,312 | ||||
4,656 | Atara Biotherapeutics, Inc.* | 13,502 | ||||
2,342 | Atreca, Inc., Class A* | 2,670 | ||||
2,657 | Avid Bioservices, Inc.* | 49,845 | ||||
5,639 | Avidity Biosciences, Inc.* | 86,559 | ||||
1,742 | Avita Medical, Inc.* | 24,336 | ||||
3,255 | Bluebird Bio, Inc.* | 10,351 | ||||
1,454 | Blueprint Medicines Corp.* | 65,415 | ||||
1,034 | CareDx, Inc.* | 9,451 | ||||
142 | CASI Pharmaceuticals Holdings, Inc.* | 327 | ||||
11,050 | Catalyst Pharmaceuticals, Inc.* | 183,209 | ||||
1,100 | Century Therapeutics, Inc.* | 3,817 | ||||
3,187 | Chimerix, Inc.* | 4,016 | ||||
5,276 | Chinook Therapeutics, Inc.* | 122,139 | ||||
1,005 | Cogent Biosciences, Inc.* | 10,844 | ||||
2,225 | Crinetics Pharmaceuticals, Inc.* | 35,733 | ||||
2,607 | CRISPR Therapeutics AG* | 117,915 | ||||
1,634 | Cue Biopharma, Inc.* | 5,833 | ||||
2,020 | Cullinan Oncology, Inc.* | 20,665 | ||||
2,539 | Cytomx Therapeutics, Inc.* | 3,834 | ||||
4,970 | Deciphera Pharmaceuticals, Inc.* | 76,786 | ||||
1,858 | Denali Therapeutics, Inc.* | 42,808 | ||||
5,385 | Dynavax Technologies Corp.* | 52,827 | ||||
1,798 | Eagle Pharmaceuticals, Inc.* | 51,009 | ||||
7,241 | Editas Medicine, Inc.* | 52,497 | ||||
1,660 | Eiger BioPharmaceuticals, Inc.* | 1,489 | ||||
2,263 | Emergent BioSolutions, Inc.* | 23,445 | ||||
2,404 | Enanta Pharmaceuticals, Inc.* | 97,218 | ||||
24,577 | Exelixis, Inc.* | 477,040 | ||||
2,705 | G1 Therapeutics, Inc.* | 7,249 | ||||
2,547 | Gritstone bio, Inc.* | 7,081 | ||||
3,531 | Halozyme Therapeutics, Inc.* | 134,849 | ||||
6,867 | Ideaya Biosciences, Inc.* | 94,284 | ||||
1,919 | IGM Biosciences, Inc.* | 26,367 | ||||
592 | ImmuCell Corp.* | 3,049 | ||||
1,281 | Immunovant, Inc.* | 19,868 | ||||
2,885 | Intellia Therapeutics, Inc.* | 107,524 | ||||
2,237 | Iovance Biotherapeutics, Inc.* | 13,668 | ||||
14,404 | Ironwood Pharmaceuticals, Inc.* | 151,530 | ||||
1,631 | iTeos Therapeutics, Inc.* | 22,198 |
See accompanying notes to the schedules of portfolio investments. |
57
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Biotechnology, continued |
| |||||
4,709 | IVERIC bio, Inc.* | $ | 114,570 | |||
3,800 | Jounce Therapeutics, Inc.* | 7,030 | ||||
856 | KalVista Pharmaceuticals, Inc.* | 6,728 | ||||
514 | Kiniksa Pharmaceuticals, Ltd., Class A* | 5,531 | ||||
2,490 | Krystal Biotech, Inc.* | 199,349 | ||||
6,099 | Kura Oncology, Inc.* | 74,591 | ||||
2,505 | Kymera Therapeutics, Inc.* | 74,223 | ||||
4,768 | Lexicon Pharmaceuticals, Inc.* | 11,586 | ||||
5,865 | Macrogenics, Inc.* | 42,052 | ||||
900 | MediciNova, Inc.* | 1,944 | ||||
2,101 | MeiraGTx Holdings plc* | 10,862 | ||||
1,843 | Mersana Therapeutics, Inc.* | 7,575 | ||||
123 | Mirati Therapeutics, Inc.* | 4,573 | ||||
710 | Morphic Holding, Inc.* | 26,724 | ||||
4,120 | Myriad Genetics, Inc.* | 95,708 | ||||
4,899 | Nurix Therapeutics, Inc.* | 43,503 | ||||
14,857 | PDL BioPharma, Inc.* | 39,520 | ||||
1,808 | PMV Pharmaceuticals, Inc.* | 8,624 | ||||
6,654 | Poseida Therapeutics, Inc.* | 20,494 | ||||
2,083 | Precision BioSciences, Inc.* | 1,570 | ||||
2,098 | Protagonist Therapeutics, Inc.* | 48,254 | ||||
2,444 | Prothena Corp. plc* | 118,461 | ||||
2,162 | RAPT Therapeutics, Inc.* | 39,673 | ||||
5,356 | REGENXBIO, Inc.* | 101,282 | ||||
427 | Repare Therapeutics, Inc.* | 4,202 | ||||
4,849 | Replimune Group, Inc.* | 85,633 | ||||
5,027 | REVOLUTION Medicines, Inc.* | 108,885 | ||||
1,106 | Rhythm Pharmaceuticals, Inc.* | 19,731 | ||||
2,920 | Rocket Pharmaceuticals, Inc.* | 50,020 | ||||
4,519 | Sage Therapeutics, Inc.* | 189,617 | ||||
10,666 | Sangamo Therapeutics, Inc.* | 18,772 | ||||
1,550 | Scholar Rock Holding Corp.* | 12,400 | ||||
9,500 | Spectrum Pharmaceuticals, Inc.* | 7,125 | ||||
4,069 | SpringWorks Therapeutics, Inc.* | 104,736 | ||||
954 | Stoke Therapeutics, Inc.* | 7,947 | ||||
1,873 | Sutro Biopharma, Inc.* | 8,653 | ||||
5,688 | Syndax Pharmaceuticals, Inc.* | 120,131 | ||||
1,755 | TCR2 Therapeutics, Inc.* | 2,632 | ||||
446 | Twist Bioscience Corp.* | 6,726 | ||||
7,073 | Vanda Pharmaceuticals, Inc.* | 48,026 | ||||
2,332 | Vaxart, Inc.*^ | 1,765 | ||||
3,366 | VBI Vaccines, Inc.* | 1,020 | ||||
3,248 | Veracyte, Inc.* | 72,430 | ||||
8,204 | Verastem, Inc.* | 3,406 | ||||
1,032 | Vericel Corp.* | 30,258 | ||||
4,488 | Viking Therapeutics, Inc.* | 74,725 | ||||
1,685 | Voyager Therapeutics, Inc.* | 12,991 | ||||
7,581 | Xencor, Inc.* | 211,434 | ||||
1,840 | Y-mAbs Therapeutics, Inc.* | 9,218 | ||||
784 | Zentalis Pharmaceuticals, Inc.* | 13,485 | ||||
|
|
|||||
5,631,102 | ||||||
|
|
|||||
Broadline Retail (0.4%): |
| |||||
1,321 | Big Lots, Inc. | 14,478 | ||||
643 | Dillards, Inc., Class A | 197,838 | ||||
5,094 | Kohls Corp. | 119,913 | ||||
15,078 | Macys, Inc. | 263,714 | ||||
3,706 | Nordstrom, Inc. | 60,297 | ||||
3,884 | Ollies Bargain Outlet Holdings, Inc.* | 225,039 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Broadline Retail, continued |
| |||||
16,641 | Qurate Retail, Inc., Class A* | $ | 16,438 | |||
|
|
|||||
897,717 | ||||||
|
|
|||||
Building Products (1.5%): |
| |||||
7,198 | AAON, Inc. | 695,975 | ||||
1,827 | American Woodmark Corp.* | 95,132 | ||||
2,003 | Apogee Enterprises, Inc. | 86,630 | ||||
4,044 | Armstrong World Industries, Inc. | 288,094 | ||||
4,218 | AZEK Co., Inc. (The)* | 99,292 | ||||
1,636 | Csw Industrials, Inc. | 227,289 | ||||
2,928 | Gibraltar Industries, Inc.* | 142,008 | ||||
2,150 | Griffon Corp. | 68,821 | ||||
3,136 | Hayward Holdings, Inc.* | 36,754 | ||||
2,035 | Insteel Industries, Inc. | 56,614 | ||||
8,072 | JELD-WEN Holding, Inc.* | 102,191 | ||||
1,719 | Masonite International Corp.* | 156,034 | ||||
6,615 | PGT Innovations, Inc.* | 166,103 | ||||
5,553 | Quanex Building Products Corp. | 119,556 | ||||
7,170 | Resideo Technologies, Inc.* | 131,067 | ||||
1,123 | Simpson Manufacturing Co., Inc. | 123,126 | ||||
2,919 | Trex Co., Inc.* | 142,068 | ||||
4,283 | UFP Industries, Inc. | 340,370 | ||||
2,750 | Zurn Elkay Water Solutions Corp. | 58,740 | ||||
|
|
|||||
3,135,864 | ||||||
|
|
|||||
Capital Markets (1.9%): |
| |||||
4,376 | Affiliated Managers Group, Inc. | 623,230 | ||||
7,333 | Artisan Partners Asset Management, Inc., Class A | 234,509 | ||||
3,410 | AssetMark Financial Holdings, Inc.* | 107,245 | ||||
1,300 | Avantax, Inc.* | 34,216 | ||||
16,135 | BGC Partners, Inc., Class A | 84,386 | ||||
5,063 | Brightsphere Investment Group, Inc. | 119,386 | ||||
4,660 | Cohen & Steers, Inc. | 298,054 | ||||
474 | Diamond Hill Investment Group | 78,011 | ||||
3,033 | Donnelley Financial Solutions, Inc.* | 123,928 | ||||
8,105 | Federated Hermes, Inc., Class B | 325,335 | ||||
1,990 | Greenhill & Co., Inc. | 17,651 | ||||
4,614 | Hamilton Lane, Inc. | 341,344 | ||||
211 | Hennessy Advisors, Inc. | 1,633 | ||||
762 | Houlihan Lokey, Inc. | 66,667 | ||||
8,484 | Janus Henderson Group plc | 226,014 | ||||
1,499 | Lazard, Ltd., Class A | 49,632 | ||||
5,313 | Moelis & Co., Class A | 204,232 | ||||
1,743 | Open Lending Corp., Class A* | 12,271 | ||||
853 | Oppenheimer Holdings, Inc., Class A | 33,395 | ||||
1,395 | Piper Sandler Cos. | 193,361 | ||||
2,773 | PJT Partners, Inc. | 200,183 | ||||
3,824 | Safeguard Scientifics, Inc.* | 6,577 | ||||
1,619 | Silvercrest Asset Management Group, Inc., Class A | 29,433 | ||||
1,541 | StepStone Group, Inc., Class A | 37,400 | ||||
813 | Stifel Financial Corp. | 48,040 | ||||
2,021 | StoneX Group, Inc.* | 209,234 | ||||
207 | Value Line, Inc. | 10,004 | ||||
9,443 | Virtu Financial, Inc., Class A | 178,473 | ||||
851 | Virtus Investment Partners, Inc. | 162,022 | ||||
1,478 | Westwood Holdings, Inc. | 16,568 | ||||
20,113 | WisdomTree, Inc. | 117,862 | ||||
|
|
|||||
4,190,296 | ||||||
|
|
|||||
Chemicals (3.5%): |
| |||||
1,064 | Advanced Emmissions Solutions* | 2,107 |
See accompanying notes to the schedules of portfolio investments. |
58
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Chemicals, continued |
| |||||
2,655 | AdvanSix, Inc. | $ | 101,607 | |||
1,429 | Agrofresh Solutions, Inc.* | 4,287 | ||||
4,315 | American Vanguard Corp. | 94,412 | ||||
3,655 | Ashland, Inc. | 375,405 | ||||
1,198 | Aspen Aerogels, Inc.* | 8,925 | ||||
10,730 | Avient Corp. | 441,647 | ||||
1,699 | Axalta Coating Systems, Ltd.* | 51,463 | ||||
3,457 | Balchem Corp. | 437,241 | ||||
5,834 | Cabot Corp. | 447,118 | ||||
1,284 | Chase Corp. | 134,473 | ||||
14,073 | Chemours Co. (The) | 421,346 | ||||
12,504 | Ecovyst, Inc.* | 138,169 | ||||
26,293 | Element Solutions, Inc. | 507,718 | ||||
2,318 | Flotek Industries, Inc.* | 1,599 | ||||
7,635 | Futurefuel Corp. | 56,346 | ||||
5,783 | H.B. Fuller Co. | 395,846 | ||||
3,188 | Hawkins, Inc. | 139,571 | ||||
5,123 | Huntsman Corp. | 140,165 | ||||
3,956 | Ingevity Corp.* | 282,933 | ||||
2,434 | Innospec, Inc. | 249,899 | ||||
2,142 | Intrepid Potash, Inc.* | 59,119 | ||||
2,348 | Koppers Holdings, Inc. | 82,110 | ||||
9,313 | Kronos Worldwide, Inc. | 85,773 | ||||
17,628 | Livent Corp.* | 382,880 | ||||
8,341 | LSB Industries, Inc.* | 86,163 | ||||
7,456 | Mativ Holdings, Inc. | 160,080 | ||||
3,627 | Minerals Technologies, Inc. | 219,143 | ||||
774 | NewMarket Corp. | 282,495 | ||||
1,786 | Northern Technologies International Corp. | 21,128 | ||||
5,770 | Orion Engineered Carbons SA | 150,539 | ||||
958 | Quaker Chemical Corp. | 189,636 | ||||
5,893 | Rayonier Advanced Materials, Inc.* | 36,949 | ||||
2,806 | Scotts Miracle-Gro Co. (The) | 195,690 | ||||
4,403 | Sensient Technologies Corp. | 337,094 | ||||
2,364 | Stepan Co. | 243,563 | ||||
5,136 | Tredegar Corp. | 46,892 | ||||
3,149 | Trinseo PLC | 65,657 | ||||
16,456 | Tronox Holdings plc, Class A | 236,637 | ||||
8,308 | Valvoline, Inc. | 290,282 | ||||
|
|
|||||
7,604,107 | ||||||
|
|
|||||
Commercial Services & Supplies (1.8%): |
| |||||
6,742 | ABM Industries, Inc. | 302,986 | ||||
13,710 | ACCO Brands Corp. | 72,937 | ||||
675 | Acme United Corp. | 15,525 | ||||
1,238 | ACV Auctions, Inc., Class A* | 15,983 | ||||
5,441 | Brady Corp., Class A | 292,345 | ||||
3,882 | BrightView Holdings, Inc.* | 21,817 | ||||
5,100 | Brinks Co. (The) | 340,680 | ||||
5,002 | Casella Waste Systems, Inc.* | 413,465 | ||||
4,628 | CECO Environmental Corp.* | 64,746 | ||||
3,051 | Cimpress plc* | 133,695 | ||||
436 | Civeo Corp.* | 9,003 | ||||
325 | CompX International, Inc. | 5,876 | ||||
2,746 | Deluxe Corp. | 43,936 | ||||
3,883 | Ennis, Inc. | 81,893 | ||||
4,634 | Harsco Corp.* | 31,650 | ||||
7,473 | Healthcare Services Group, Inc. | 103,651 | ||||
2,027 | Heritage-Crystal Clean, Inc.* | 72,182 | ||||
4,223 | HNI Corp. | 117,568 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Commercial Services & Supplies, continued |
| |||||
7,503 | Interface, Inc. | $ | 60,924 | |||
7,507 | KAR Auction Services, Inc.* | 102,696 | ||||
2,673 | Kimball International, Inc., Class B | 33,145 | ||||
2,418 | Liquidity Services, Inc.* | 31,845 | ||||
3,522 | Matthews International Corp., Class A | 127,003 | ||||
2,366 | MillerKnoll, Inc. | 48,385 | ||||
319 | Montrose Environmental Group, Inc.* | 11,379 | ||||
1,759 | MSA Safety, Inc. | 234,827 | ||||
2,566 | NL Industries, Inc. | 15,550 | ||||
2,198 | Perma-Fix Environmental Services, Inc.* | 25,892 | ||||
21,279 | Pitney Bowes, Inc. | 82,775 | ||||
5,379 | Quad Graphics, Inc.* | 23,076 | ||||
1,736 | Ritchie Bros Auctioneers, Inc. | 97,719 | ||||
2,243 | SP Plus Corp.* | 76,912 | ||||
9,533 | Steelcase, Inc., Class A | 80,268 | ||||
3,917 | Stericycle, Inc.* | 170,820 | ||||
308 | Tetra Tech, Inc. | 45,248 | ||||
1,491 | UniFirst Corp. | 262,759 | ||||
2,033 | Viad Corp.* | 42,368 | ||||
3,364 | Virco Manufacturing Co.* | 13,355 | ||||
3,057 | Vse Corp. | 137,259 | ||||
|
|
|||||
3,864,143 | ||||||
|
|
|||||
Communications Equipment (1.0%): |
| |||||
2,903 | ADTRAN Holdings, Inc. | 46,042 | ||||
1,444 | Applied Optoelectronics, Inc.* | 3,191 | ||||
1,336 | Aviat Networks, Inc.* | 46,039 | ||||
900 | BK Technologies Corp. | 2,565 | ||||
3,195 | CalAmp Corp.* | 11,470 | ||||
7,080 | Calix, Inc.* | 379,417 | ||||
1,792 | Cambium Networks Corp.* | 31,754 | ||||
980 | Clearfield, Inc.* | 45,648 | ||||
9,932 | CommScope Holding Co., Inc.* | 63,267 | ||||
1,983 | Comtech Telecommunications Corp. | 24,748 | ||||
4,365 | Digi International, Inc.* | 147,013 | ||||
1,222 | DZS, Inc.* | 9,642 | ||||
3,157 | EMCORE Corp.* | 3,630 | ||||
9,501 | Extreme Networks, Inc.* | 181,659 | ||||
13,537 | Harmonic, Inc.* | 197,505 | ||||
3,767 | KVH Industries, Inc.* | 42,868 | ||||
1,172 | Lantronix, Inc.* | 5,086 | ||||
2,674 | Lumentum Holdings, Inc.* | 144,423 | ||||
3,410 | NETGEAR, Inc.* | 63,119 | ||||
8,073 | NetScout Systems, Inc.* | 231,291 | ||||
2,391 | Network-1 Technologies, Inc. | 5,141 | ||||
131 | Optical Cable Corp.* | 565 | ||||
19,376 | Ribbon Communications, Inc.* | 66,266 | ||||
7,633 | Viasat, Inc.* | 258,301 | ||||
19,090 | Viavi Solutions, Inc.* | 206,745 | ||||
|
|
|||||
2,217,395 | ||||||
|
|
|||||
Construction & Engineering (1.8%): |
| |||||
3,846 | Ameresco, Inc., Class A* | 189,300 | ||||
13,031 | API Group Corp.* | 292,937 | ||||
5,953 | Arcosa, Inc. | 375,694 | ||||
1,736 | Argan, Inc. | 70,256 | ||||
3,656 | Comfort Systems USA, Inc. | 533,630 | ||||
1,234 | Concrete Pumping Holdings, Inc.* | 8,391 | ||||
2,109 | Construction Partners, Inc., Class A* | 56,817 | ||||
2,514 | Dycom Industries, Inc.* | 235,436 | ||||
1,457 | EMCOR Group, Inc. | 236,894 |
See accompanying notes to the schedules of portfolio investments. |
59
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Construction & Engineering, continued |
| |||||
5,634 | Fluor Corp.* | $ | 174,147 | |||
4,440 | Granite Construction, Inc. | 182,395 | ||||
8,770 | Great Lakes Dredge & Dock Corp.* | 47,621 | ||||
2,825 | IES Holdings, Inc.* | 121,729 | ||||
645 | Limbach Holdings, Inc.* | 11,159 | ||||
6,757 | Matrix Service Co.* | 36,488 | ||||
8,407 | MDU Resources Group, Inc. | 256,245 | ||||
1,693 | MYR Group, Inc.* | 213,335 | ||||
1,279 | Northwest Pipe Co.* | 39,943 | ||||
1,892 | NV5 Global, Inc.* | 196,711 | ||||
5,203 | Orion Group Holdings, Inc.* | 13,476 | ||||
3,181 | Primoris Services Corp. | 78,444 | ||||
4,447 | Sterling Infrastructure, Inc.* | 168,452 | ||||
2,090 | Tutor Perini Corp.* | 12,895 | ||||
1,223 | Valmont Industries, Inc. | 390,479 | ||||
|
|
|||||
3,942,874 | ||||||
|
|
|||||
Construction Materials (0.4%): |
| |||||
3,573 | Eagle Materials, Inc. | 524,338 | ||||
11,217 | Summit Materials, Inc., Class A* | 319,572 | ||||
466 | U.S. Lime & Minerals, Inc. | 71,154 | ||||
|
|
|||||
915,064 | ||||||
|
|
|||||
Consumer Finance (1.3%): |
| |||||
1,070 | Atlanticus Holdings Corp.* | 29,029 | ||||
6,530 | Bread Financial Holdings, Inc. | 197,990 | ||||
1,688 | Consumer Portfolio Services, Inc.* | 18,045 | ||||
408 | Credit Acceptance Corp.* | 177,904 | ||||
3,041 | Curo Group Holdings Corp. | 5,261 | ||||
2,490 | Encore Capital Group, Inc.* | 125,621 | ||||
3,204 | Enova International, Inc.* | 142,354 | ||||
9,163 | EZCORP, Inc., Class A* | 78,802 | ||||
4,868 | FirstCash Holdings, Inc. | 464,261 | ||||
6,940 | Green Dot Corp., Class A* | 119,229 | ||||
1,127 | LendingTree, Inc.* | 30,046 | ||||
6,374 | Navient Corp. | 101,920 | ||||
2,638 | Nelnet, Inc., Class A | 242,406 | ||||
1,635 | NerdWallet, Inc., Class A* | 26,454 | ||||
1,556 | Nicholas Financial, Inc.* | 9,243 | ||||
7,867 | OneMain Holdings, Inc. | 291,708 | ||||
964 | Oportun Financial Corp.* | 3,721 | ||||
4,400 | PRA Group, Inc.* | 171,424 | ||||
6,961 | PROG Holdings, Inc.* | 165,602 | ||||
1,735 | Regional Mgmt Corp. | 45,266 | ||||
23,290 | SLM Corp. | 288,563 | ||||
949 | World Acceptance Corp.* | 79,042 | ||||
|
|
|||||
2,813,891 | ||||||
|
|
|||||
Consumer Staples Distribution & Retail (0.9%): |
| |||||
5,307 | Grocery Outlet Holding Corp.* | 149,976 | ||||
1,269 | Ingles Markets, Inc., Class A | 112,560 | ||||
5,345 | Natural Grocers by Vitamin Cottage, Inc. | 62,804 | ||||
3,237 | PriceSmart, Inc. | 231,381 | ||||
4,321 | SpartanNash Co. | 107,161 | ||||
9,056 | Sprouts Farmers Market, Inc.* | 317,232 | ||||
4,650 | The Andersons, Inc. | 192,138 | ||||
4,394 | The Chefs Warehouse, Inc.* | 149,616 | ||||
9,784 | United Natural Foods, Inc.* | 257,808 | ||||
2,245 | Village Super Market, Inc., Class A | 51,365 | ||||
2,812 | Weis Markets, Inc. | 238,092 | ||||
|
|
|||||
1,870,133 | ||||||
|
|
Shares | Value | |||||
Common Stocks, continued |
| |||||
Containers & Packaging (0.8%): |
| |||||
1,906 | Graphic Packaging Holding Co. | $ | 48,584 | |||
2,564 | Greif, Inc., Class A | 162,481 | ||||
1,767 | Greif, Inc., Class B | 135,211 | ||||
5,975 | Myers Industries, Inc. | 128,044 | ||||
14,774 | O-I Glass, Inc.* | 335,517 | ||||
5,335 | Ranpak Holdings Corp.* | 27,849 | ||||
7,385 | Silgan Holdings, Inc. | 396,353 | ||||
5,968 | Sonoco Products Co. | 364,048 | ||||
4,005 | TriMas Corp. | 111,579 | ||||
|
|
|||||
1,709,666 | ||||||
|
|
|||||
Distributors (0.0%): |
| |||||
12 | AMCON Distributing Co. | 2,004 | ||||
1,626 | Educational Development Corp.* | 4,780 | ||||
2,028 | Funko, Inc., Class A* | 19,124 | ||||
1,262 | Weyco Group, Inc. | 31,929 | ||||
|
|
|||||
57,837 | ||||||
|
|
|||||
Diversified Consumer Services (1.3%): |
| |||||
8,950 | 2U, Inc.* | 61,307 | ||||
2,721 | ADT, Inc. | 19,673 | ||||
5,796 | Adtalem Global Education, Inc.* | 223,841 | ||||
1,366 | American Public Education, Inc.* | 7,404 | ||||
535 | Bright Horizons Family Solutions, Inc.* | 41,190 | ||||
2,816 | Carriage Services, Inc. | 85,944 | ||||
8,867 | Chegg, Inc.* | 144,532 | ||||
5,641 | Coursera, Inc.* | 64,984 | ||||
9,343 | Frontdoor, Inc.* | 260,483 | ||||
403 | Graham Holdings Co., Class B | 240,124 | ||||
3,498 | Grand Canyon Education, Inc.* | 398,422 | ||||
11,643 | H&R Block, Inc. | 410,416 | ||||
4,565 | Laureate Education, Inc. | 53,684 | ||||
7,411 | OneSpaWorld Holdings, Ltd.* | 88,858 | ||||
8,354 | Perdoceo Education Corp.* | 112,194 | ||||
5,793 | PowerSchool Holdings, Inc.* | 114,817 | ||||
2,753 | Strategic Education, Inc. | 247,302 | ||||
4,771 | Stride, Inc.* | 187,262 | ||||
7,236 | Universal Technical Institute, Inc.* | 53,402 | ||||
|
|
|||||
2,815,839 | ||||||
|
|
|||||
Diversified Telecommunication Services (0.5%): |
| |||||
2,223 | Anterix, Inc.* | 73,448 | ||||
1,667 | ATN International, Inc. | 68,214 | ||||
1,565 | Bandwidth, Inc., Class A* | 23,788 | ||||
4,328 | Cogent Communications Holdings, Inc. | 275,780 | ||||
5,491 | Consolidated Communications Holdings, Inc.* | 14,167 | ||||
4,493 | EchoStar Corp., Class A* | 82,177 | ||||
2,807 | IDT Corp.* | 95,662 | ||||
4,964 | Iridium Communications, Inc. | 307,420 | ||||
5,815 | Liberty Latin America, Ltd.* | 48,323 | ||||
19,361 | Liberty Latin America, Ltd., Class C* | 159,922 | ||||
1,745 | Ooma, Inc.* | 21,830 | ||||
|
|
|||||
1,170,731 | ||||||
|
|
|||||
Electric Utilities (1.2%): |
| |||||
6,116 | ALLETE, Inc. | 393,687 | ||||
3,043 | Genie Energy, Ltd., Class B | 42,054 | ||||
10,289 | Hawaiian Electric Industries, Inc. | 395,098 | ||||
3,498 | IDACORP, Inc. | 378,938 | ||||
3,540 | MGE Energy, Inc. | 274,952 | ||||
4,490 | Otter Tail Corp. | 324,492 | ||||
8,948 | PNM Resources, Inc. | 435,589 |
See accompanying notes to the schedules of portfolio investments. |
60
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Electric Utilities, continued |
| |||||
6,533 | Portland General Electric Co. | $ | 319,398 | |||
513 | Via Renewables, Inc. | 9,429 | ||||
|
|
|||||
2,573,637 | ||||||
|
|
|||||
Electrical Equipment (1.1%): |
| |||||
2,539 | Allied Motion Technologies, Inc. | 98,132 | ||||
2,221 | American Superconductor Corp.* | 10,905 | ||||
3,367 | Atkore, Inc.* | 472,996 | ||||
1,354 | AZZ, Inc. | 55,839 | ||||
1,863 | Babcock & Wilcox Enterprises, Inc.* | 11,290 | ||||
2,365 | Encore Wire Corp. | 438,305 | ||||
3,995 | EnerSys | 347,086 | ||||
411 | Espey Mfg. & Electronics Corp. | 8,323 | ||||
19,087 | GrafTech International, Ltd. | 92,763 | ||||
6,028 | LSI Industries, Inc. | 83,970 | ||||
2,523 | nVent Electric plc | 108,338 | ||||
79 | Pineapple Holdings, Inc.* | 126 | ||||
1,123 | Powell Industries, Inc. | 47,828 | ||||
576 | Preformed Line Products Co. | 73,751 | ||||
75 | Servotronics, Inc.* | 795 | ||||
2,159 | Shoals Technologies Group, Inc., Class A* | 49,204 | ||||
7,686 | Sunrun, Inc.* | 154,873 | ||||
5,529 | Thermon Group Holdings, Inc.* | 137,783 | ||||
932 | TPI Composites, Inc.* | 12,162 | ||||
3,104 | Ultralife Corp.* | 12,478 | ||||
2,185 | Vicor Corp.* | 102,564 | ||||
|
|
|||||
2,319,511 | ||||||
|
|
|||||
Electronic Equipment, Instruments & Components (3.4%): |
| |||||
3,779 | Advanced Energy Industries, Inc. | 370,342 | ||||
6,544 | Arlo Technologies, Inc.* | 39,657 | ||||
9,565 | Avnet, Inc. | 432,338 | ||||
3,486 | Badger Meter, Inc. | 424,665 | ||||
254 | Bel Fuse, Inc., Class A | 9,225 | ||||
740 | Bel Fuse, Inc., Class B | 27,809 | ||||
5,436 | Belden, Inc. | 471,682 | ||||
3,971 | Benchmark Electronics, Inc. | 94,073 | ||||
1,324 | Coherent Corp.* | 50,418 | ||||
3,574 | CTS Corp. | 176,770 | ||||
6,442 | Daktronics, Inc.* | 36,526 | ||||
1,365 | Data I/O Corp.* | 6,784 | ||||
1,751 | ePlus, Inc.* | 85,869 | ||||
3,624 | Fabrinet* | 430,386 | ||||
2,068 | FARO Technologies, Inc.* | 50,893 | ||||
640 | Frequency Electronics, Inc. | 4,410 | ||||
865 | Identiv, Inc.* | 5,311 | ||||
3,311 | Insight Enterprises, Inc.* | 473,341 | ||||
2,298 | IPG Photonics Corp. | 283,366 | ||||
4,540 | Itron, Inc.* | 251,743 | ||||
3,798 | Kimball Electronics, Inc.* | 91,532 | ||||
8,986 | Knowles Corp.* | 152,762 | ||||
439 | Littelfuse, Inc. | 117,692 | ||||
1,600 | Luna Innovations, Inc.* | 11,504 | ||||
4,257 | Methode Electronics, Inc., Class A | 186,797 | ||||
4,166 | Napco Security Technologies, Inc.* | 156,558 | ||||
3,997 | National Instruments Corp. | 209,483 | ||||
3,256 | nLight, Inc.* | 33,146 | ||||
3,546 | Novanta, Inc.* | 564,133 | ||||
1,855 | OSI Systems, Inc.* | 189,878 | ||||
1,684 | PAR Technology Corp.* | 57,189 | ||||
2,619 | PC Connection, Inc. | 117,750 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Electronic Equipment, Instruments & Components, continued |
| |||||
2,630 | Plexus Corp.* | $ | 256,609 | |||
1,927 | Rogers Corp.* | 314,930 | ||||
6,819 | Sanmina Corp.* | 415,891 | ||||
3,760 | ScanSource, Inc.* | 114,454 | ||||
10,514 | TTM Technologies, Inc.* | 141,834 | ||||
11,813 | Vishay Intertechnology, Inc. | 267,210 | ||||
1,974 | Vishay Precision Group, Inc.* | 82,434 | ||||
5,235 | Vontier Corp. | 143,125 | ||||
311 | Wayside Technology Group, Inc. | 16,573 | ||||
3,952 | Wireless Telecom Group, Inc.* | 7,311 | ||||
|
|
|||||
7,374,403 | ||||||
|
|
|||||
Energy Equipment & Services (2.2%): |
| |||||
16,835 | Archrock, Inc. | 164,478 | ||||
4,375 | Bristow Group, Inc.* | 98,000 | ||||
6,123 | Cactus, Inc., Class A | 252,451 | ||||
12,978 | ChampionX Corp. | 352,093 | ||||
5,252 | Core Laboratories NV | 115,807 | ||||
653 | DMC Global, Inc.* | 14,346 | ||||
5,377 | Dril-Quip, Inc.* | 154,266 | ||||
1,226 | Expro Group Holdings NV* | 22,509 | ||||
56 | Expro Group Holdings NV* | 1,028 | ||||
782 | Forum Energy Technologies, Inc.* | 19,886 | ||||
1,260 | Geospace Technologies Corp.* | 8,883 | ||||
2,641 | Gulf Island Fabrication, Inc.* | 9,772 | ||||
15,555 | Helix Energy Solutions Group, Inc.* | 120,396 | ||||
11,106 | Helmerich & Payne, Inc. | 397,039 | ||||
12,218 | Liberty Oilfield Services, Inc., Class A | 156,513 | ||||
595 | Mammoth Energy Services, Inc.* | 2,511 | ||||
1,083 | Nabors Industries, Ltd.* | 132,029 | ||||
6,878 | National Energy Services Reunited Corp.* | 36,178 | ||||
1,299 | Natural Gas Services Group* | 13,393 | ||||
17,842 | Newpark Resources, Inc.* | 68,692 | ||||
23,813 | NexTier Oilfield Solutions, Inc.* | 189,313 | ||||
1,750 | Nine Energy Service, Inc.* | 9,730 | ||||
2,707 | Noble Corp plc* | 106,845 | ||||
888 | NOV, Inc. | 16,437 | ||||
12,312 | Oceaneering International, Inc.* | 217,061 | ||||
6,786 | Oil States International, Inc.* | 56,527 | ||||
21,240 | Patterson-UTI Energy, Inc. | 248,508 | ||||
14,685 | Propetro Holding Corp.* | 105,585 | ||||
20,859 | RPC, Inc. | 160,406 | ||||
1,598 | SEACOR Marine Holdings, Inc.* | 12,161 | ||||
9,033 | Select Energy Services, Inc. | 62,870 | ||||
1,537 | Solaris Oilfield Infrastructure, Inc. | 13,126 | ||||
36,026 | TechnipFMC plc* | 491,755 | ||||
5,480 | TETRA Technologies, Inc.* | 14,522 | ||||
3,988 | Tidewater, Inc.* | 175,791 | ||||
31,786 | Transocean, Ltd.* | 202,159 | ||||
8,704 | U.S. Silica Holdings, Inc.* | 103,926 | ||||
3,853 | Valaris, Ltd.* | 250,676 | ||||
3,663 | Weatherford International plc* | 217,399 | ||||
|
|
|||||
4,795,067 | ||||||
|
|
|||||
Entertainment (0.5%): |
| |||||
7,111 | Cinemark Holdings, Inc.* | 105,172 | ||||
2,527 | FG Group Holdings, Inc.* | 5,079 | ||||
6,033 | Imax Corp.* | 115,713 | ||||
1,562 | Liberty Media Corp.-Liberty Braves, Class A* | 54,014 | ||||
4,252 | Liberty Media Corp.-Liberty Braves, Class C* | 143,250 | ||||
7,700 | Lions Gate Entertainment Corp., Class A* | 85,239 |
See accompanying notes to the schedules of portfolio investments. |
61
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Entertainment, continued |
| |||||
16,442 | Lions Gate Entertainment Corp., Class B* | $ | 170,668 | |||
1,260 | Madison Square Garden Entertainment Corp.* | 74,428 | ||||
460 | Madison Square Garden Sports Corp., Class A | 89,631 | ||||
870 | Marcus Corp. | 13,920 | ||||
4,940 | Playtika Holding Corp.* | 55,624 | ||||
2,715 | Reading International, Inc., Class A* | 8,824 | ||||
1,376 | Sciplay Corp., Class A* | 23,337 | ||||
1,833 | World Wrestling Entertainment, Inc., Class A | 167,280 | ||||
|
|
|||||
1,112,179 | ||||||
|
|
|||||
Financial Services (1.0%): |
| |||||
1,888 | Acacia Research Corp.* | 7,288 | ||||
500 | Alerus Financial Corp. | 8,025 | ||||
2,519 | A-Mark Precious Metals, Inc. | 87,283 | ||||
3,167 | Cannae Holdings, Inc.* | 63,910 | ||||
1,100 | Cantaloupe, Inc.* | 6,270 | ||||
9,815 | Essent Group, Ltd. | 393,091 | ||||
1,261 | Federal Agricultural Mortgage Corp. | 167,952 | ||||
4,042 | Merchants Bancorp | 105,254 | ||||
13,325 | MGIC Investment Corp. | 178,821 | ||||
3,941 | Mr Cooper Group, Inc.* | 161,463 | ||||
9,566 | NMI Holdings, Inc., Class A* | 213,609 | ||||
2,237 | Ocwen Financial Corp.* | 60,667 | ||||
2,346 | PennyMac Financial Services, Inc. | 139,845 | ||||
4,780 | Radian Group, Inc. | 105,638 | ||||
4,573 | Repay Holdings Corp.* | 30,045 | ||||
3,589 | Security National Financial Corp., Class A* | 22,288 | ||||
9,668 | TFS Financial Corp. | 122,107 | ||||
2,577 | Walker & Dunlop, Inc. | 196,290 | ||||
1,247 | Waterstone Financial, Inc. | 18,867 | ||||
|
|
|||||
2,088,713 | ||||||
|
|
|||||
Food Products (2.0%): |
| |||||
444 | Alico, Inc. | 10,745 | ||||
4,537 | B&G Foods, Inc. | 70,460 | ||||
2,392 | Calavo Growers, Inc. | 68,818 | ||||
4,138 | Cal-Maine Foods, Inc. | 251,963 | ||||
1,318 | Coffee Holding Co., Inc.* | 2,451 | ||||
2,411 | Farmer Brothers Co.* | 9,306 | ||||
13,296 | Flowers Foods, Inc. | 364,443 | ||||
4,536 | Fresh Del Monte Produce, Inc. | 136,579 | ||||
2,131 | Freshpet, Inc.* | 141,051 | ||||
7,444 | Hain Celestial Group, Inc. (The)* | 127,664 | ||||
12,276 | Hostess Brands, Inc.* | 305,427 | ||||
1,245 | Ingredion, Inc. | 126,654 | ||||
2,003 | J & J Snack Foods Corp. | 296,885 | ||||
987 | John B Sanfilippo & Son, Inc. | 95,660 | ||||
2,667 | Lancaster Colony Corp. | 541,081 | ||||
3,838 | Limoneira Co. | 63,941 | ||||
3,161 | Pilgrims Pride Corp.* | 73,272 | ||||
3,923 | Post Holdings, Inc.* | 352,560 | ||||
1,220 | Rocky Mountain Chocolate Factory, Inc.* | 6,527 | ||||
83 | Seaboard Corp. | 312,911 | ||||
708 | Seneca Foods Corp., Class A* | 37,007 | ||||
12 | Seneca Foods Corp., Class B* | 646 | ||||
9,319 | Simply Good Foods Co. (The)* | 370,617 | ||||
4,503 | Tootsie Roll Industries, Inc. | 202,223 | ||||
4,199 | TreeHouse Foods, Inc.* | 211,755 | ||||
5,157 | Vital Farms, Inc.* | 78,902 | ||||
|
|
|||||
4,259,548 | ||||||
|
|
Shares | Value | |||||
Common Stocks, continued |
| |||||
Gas Utilities (1.0%): |
| |||||
2,015 | Chesapeake Utilities Corp. | $ | 257,900 | |||
4,076 | National Fuel Gas Co. | 235,348 | ||||
9,694 | New Jersey Resources Corp. | 515,721 | ||||
3,221 | Northwest Natural Holding Co. | 153,191 | ||||
5,141 | ONE Gas, Inc. | 407,321 | ||||
873 | RGC Resources, Inc. | 20,245 | ||||
3,356 | Southwest Gas Holdings, Inc. | 209,582 | ||||
5,201 | Spire, Inc. | 364,798 | ||||
|
|
|||||
2,164,106 | ||||||
|
|
|||||
Ground Transportation (0.8%): |
| |||||
2,673 | ArcBest Corp. | 247,039 | ||||
2,533 | Covenant Logistics Group, Inc. | 89,719 | ||||
2,131 | Daseke, Inc.* | 16,473 | ||||
4,045 | Heartland Express, Inc. | 64,396 | ||||
4,262 | Hertz Global Holdings, Inc.* | 69,428 | ||||
1,562 | Landstar System, Inc. | 280,004 | ||||
5,246 | Marten Transport, Ltd. | 109,904 | ||||
1,698 | PAM Transportation Services, Inc. | 48,614 | ||||
774 | RXO, Inc.* | 15,201 | ||||
1,507 | Ryder System, Inc. | 134,485 | ||||
526 | Saia, Inc.* | 143,114 | ||||
4,258 | Schneider National, Inc., Class B | 113,901 | ||||
1,009 | U.S. Xpress Enterprises, Inc., Class A* | 5,993 | ||||
2,327 | Universal Logistics Holdings, Inc. | 67,832 | ||||
5,665 | Werner Enterprises, Inc. | 257,701 | ||||
774 | XPO Logistics, Inc.* | 24,691 | ||||
2,752 | Yellow Corp.* | 5,586 | ||||
|
|
|||||
1,694,081 | ||||||
|
|
|||||
Health Care (0.0%): |
| |||||
314 | Omniab, Inc.*(a) | | ||||
314 | Omniab, Inc.*(a) | | ||||
|
|
|||||
| ||||||
|
|
|||||
Health Care Equipment & Supplies (2.9%): |
| |||||
10,348 | Accuray, Inc.* | 30,734 | ||||
2,365 | AngioDynamics, Inc.* | 24,454 | ||||
2,193 | Apyx Medical Corp.* | 6,316 | ||||
5,282 | Artivion, Inc.* | 69,194 | ||||
5,423 | AtriCure, Inc.* | 224,783 | ||||
126 | Atrion Corp. | 79,117 | ||||
5,513 | Avanos Medical, Inc.* | 163,957 | ||||
2,841 | Axogen, Inc.* | 26,847 | ||||
2,250 | Axonics, Inc.* | 122,760 | ||||
3,014 | Cardiovascular Systems, Inc.* | 59,858 | ||||
3,041 | CONMED Corp. | 315,838 | ||||
2,081 | CytoSorbents Corp.* | 7,013 | ||||
1,118 | Elctromed, Inc.* | 11,627 | ||||
2,424 | Embecta Corp. | 68,163 | ||||
3,281 | Enovis Corp.* | 175,501 | ||||
6,467 | Envista Holdings Corp.* | 264,371 | ||||
427 | Fonar Corp.* | 6,917 | ||||
4,496 | Glaukos Corp.* | 225,250 | ||||
4,250 | Globus Medical, Inc.* | 240,720 | ||||
3,641 | Haemonetics Corp.* | 301,293 | ||||
1,315 | Heska Corp.* | 128,370 | ||||
706 | Inari Medical, Inc.* | 43,588 | ||||
1,790 | Inogen, Inc.* | 22,339 | ||||
3,470 | Integer Holdings Corp.* | 268,925 | ||||
8,077 | Integra LifeSciences Holdings Corp.* | 463,701 |
See accompanying notes to the schedules of portfolio investments. |
62
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Health Care Equipment & Supplies, continued |
| |||||
1,681 | iRadimed Corp. | $ | 66,147 | |||
2,006 | IRIDEX Corp.* | 4,172 | ||||
249 | Kewaunee Scientific CP* | 3,917 | ||||
6,675 | Lantheus Holdings, Inc.* | 551,088 | ||||
2,846 | LeMaitre Vascular, Inc. | 146,484 | ||||
1,127 | LENSAR, Inc.* | 2,772 | ||||
5,632 | LivaNova plc* | 245,443 | ||||
5,441 | Merit Medical Systems, Inc.* | 402,362 | ||||
522 | Mesa Laboratories, Inc. | 91,209 | ||||
2,684 | NuVasive, Inc.* | 110,876 | ||||
4,344 | Omnicell, Inc.* | 254,863 | ||||
11,694 | OraSure Technologies, Inc.* | 70,749 | ||||
4,817 | Orthofix Medical, Inc.* | 80,685 | ||||
2,663 | Orthopediatrics Corp.* | 117,944 | ||||
627 | Pulmonx Corp.* | 7,010 | ||||
76 | Shockwave Medical, Inc.* | 16,479 | ||||
1,010 | SI-BONE, Inc.* | 19,867 | ||||
3,128 | Sight Sciences, Inc.* | 27,339 | ||||
4,332 | STAAR Surgical Co.* | 277,031 | ||||
364 | Surgalign Holdings, Inc.* | 582 | ||||
879 | Surmodics, Inc.* | 20,024 | ||||
1,169 | Tactile Systems Technology, Inc.* | 19,195 | ||||
2,912 | Tandem Diabetes Care, Inc.* | 118,256 | ||||
743 | TransMedics Group, Inc.* | 56,267 | ||||
671 | UFP Technologies, Inc.* | 87,123 | ||||
821 | Utah Medical Products, Inc. | 77,806 | ||||
4,899 | Varex Imaging Corp.* | 89,113 | ||||
8,600 | ViewRay, Inc.* | 29,756 | ||||
755 | Zynex, Inc.* | 9,060 | ||||
|
|
|||||
6,355,255 | ||||||
|
|
|||||
Health Care Providers & Services (2.7%): |
| |||||
4,664 | Accolade, Inc.* | 67,068 | ||||
1,788 | Addus HomeCare Corp.* | 190,887 | ||||
1,312 | Amedisys, Inc.* | 96,498 | ||||
3,828 | AMN Healthcare Services, Inc.* | 317,571 | ||||
3,016 | Apollo Medical Holdings, Inc.* | 109,994 | ||||
19,092 | Brookdale Senior Living, Inc.* | 56,321 | ||||
1,638 | Castle Biosciences, Inc.* | 37,215 | ||||
17,271 | Community Health Systems, Inc. | 84,628 | ||||
1,549 | CorVel Corp.* | 294,744 | ||||
4,391 | Cross Country Healthcare, Inc.* | 98,007 | ||||
5,272 | Encompass Health Corp. | 285,215 | ||||
2,372 | Enhabit, Inc.* | 32,995 | ||||
5,739 | Ensign Group, Inc. (The) | 548,304 | ||||
7,407 | Enzo Biochem, Inc.* | 17,999 | ||||
280 | Fulgent Genetics, Inc.* | 8,742 | ||||
5,537 | HealthEquity, Inc.* | 325,077 | ||||
1,999 | InfuSystem Holdings, Inc.* | 15,492 | ||||
1,190 | Joint Corp. (The)* | 20,028 | ||||
1,339 | ModivCare, Inc.* | 112,583 | ||||
1,428 | National Healthcare Corp. | 82,924 | ||||
3,235 | National Research Corp. | 140,755 | ||||
26,516 | OPKO Health, Inc.* | 38,713 | ||||
18,969 | Option Care Health, Inc.* | 602,645 | ||||
7,875 | Owens & Minor, Inc.* | 114,581 | ||||
10,254 | Patterson Cos., Inc. | 274,500 | ||||
10,007 | Pediatrix Medical Group, Inc.* | 149,204 | ||||
3,801 | Petiq, Inc.* | 43,484 | ||||
11,273 | Premier, Inc., Class A | 364,907 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Health Care Providers & Services, continued |
| |||||
2,292 | Progyny, Inc.* | $ | 73,619 | |||
1,080 | Psychemedics Corp. | 5,670 | ||||
5,839 | RadNet, Inc.* | 146,150 | ||||
13,065 | Select Medical Holdings Corp. | 337,730 | ||||
10,156 | Surgery Partners, Inc.* | 350,077 | ||||
2,123 | Tenet Healthcare Corp.* | 126,149 | ||||
3,565 | The Pennant Group, Inc.* | 50,908 | ||||
1,473 | U.S. Physical Therapy, Inc. | 144,221 | ||||
|
|
|||||
5,765,605 | ||||||
|
|
|||||
Health Care Technology (0.6%): |
| |||||
7,056 | Certara, Inc.* | 170,120 | ||||
1,545 | Computer Programs and Systems, Inc.* | 46,659 | ||||
10,137 | Evolent Health, Inc., Class A* | 328,946 | ||||
3,819 | GoodRx Holdings, Inc., Class A* | 23,869 | ||||
6,108 | Health Catalyst, Inc.* | 71,280 | ||||
3,597 | HealthStream, Inc.* | 97,479 | ||||
1,239 | iCAD, Inc.* | 1,536 | ||||
8,255 | NextGen Healthcare, Inc.* | 143,720 | ||||
445 | OptimizeRx Corp.* | 6,510 | ||||
2,741 | Schrodinger, Inc.* | 72,171 | ||||
279 | Simulations Plus, Inc. | 12,259 | ||||
5,256 | Teladoc Health, Inc.* | 136,130 | ||||
13,851 | Veradigm, Inc.* | 180,756 | ||||
|
|
|||||
1,291,435 | ||||||
|
|
|||||
Hotels, Restaurants & Leisure (2.6%): |
| |||||
2,426 | Ballys Corp.* | 47,355 | ||||
3 | Biglari Holdings, Inc., Class A* | 2,493 | ||||
319 | Biglari Holdings, Inc., Class B* | 53,975 | ||||
3,650 | BJs Restaurants, Inc.* | 106,361 | ||||
9,701 | Bloomin Brands, Inc. | 248,831 | ||||
759 | Bluegreen Vacations Holding Corp. | 20,781 | ||||
5,567 | Brinker International, Inc.* | 211,546 | ||||
4,497 | Carrols Restaurant Group, Inc.* | 10,028 | ||||
700 | Century Casinos, Inc.* | 5,131 | ||||
6,222 | Cheesecake Factory, Inc. (The) | 218,081 | ||||
438 | Choice Hotels International, Inc. | 51,329 | ||||
2,823 | Chuys Holdings, Inc.* | 101,205 | ||||
2,074 | Cracker Barrel Old Country Store, Inc. | 235,606 | ||||
3,965 | Dave & Busters Entertainment, Inc.* | 145,872 | ||||
6,787 | Dennys Corp.* | 75,743 | ||||
602 | Dine Brands Global, Inc. | 40,719 | ||||
5,001 | El Pollo Loco Holdings, Inc. | 47,960 | ||||
2,608 | Fiesta Restaurant Group, Inc.* | 21,438 | ||||
100 | Flanigans Enterprises, Inc. | 2,828 | ||||
2,709 | Full House Resorts, Inc.* | 19,586 | ||||
4,240 | Hilton Grand Vacations, Inc.* | 188,383 | ||||
1,648 | Inspired Entertainment, Inc.* | 21,078 | ||||
5,547 | International Game Technology plc | 148,660 | ||||
2,124 | Jack in the Box, Inc. | 186,041 | ||||
3,042 | Light & Wonder, Inc., Class A* | 182,672 | ||||
2,879 | Marriott Vacations Worldwide Corp. | 388,262 | ||||
538 | Nathans Famous, Inc. | 40,673 | ||||
1,669 | Noodles & Co.* | 8,095 | ||||
3,557 | Papa Johns International, Inc. | 266,526 | ||||
809 | Penn Entertainment, Inc.* | 23,995 | ||||
387 | Planet Fitness, Inc., Class A* | 30,058 | ||||
9,502 | Playa Hotels & Resorts NV* | 91,219 | ||||
1,540 | Playags, Inc.* | 11,011 | ||||
300 | RCI Hospitality Holdings, Inc. | 23,451 |
See accompanying notes to the schedules of portfolio investments. |
63
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Hotels, Restaurants & Leisure, continued |
| |||||
1,368 | Red Robin Gourmet Burgers, Inc.* | $ | 19,590 | |||
662 | Red Rock Resorts, Inc. | 29,505 | ||||
4,633 | Ruths Hospitality Group, Inc. | 76,074 | ||||
7,780 | SeaWorld Entertainment, Inc.* | 476,992 | ||||
3,298 | Shake Shack, Inc., Class A* | 183,006 | ||||
2,405 | Six Flags Entertainment Corp.* | 64,238 | ||||
2,373 | Texas Roadhouse, Inc., Class A | 256,426 | ||||
8,001 | Travel + Leisure Co. | 313,639 | ||||
19,975 | Wendys Co. (The) | 435,055 | ||||
1,655 | Wingstop, Inc. | 303,825 | ||||
1,189 | Wyndham Hotels & Resorts, Inc. | 80,674 | ||||
|
|
|||||
5,516,016 | ||||||
|
|
|||||
Household Durables (2.3%): |
| |||||
608 | Bassett Furniture Industries, Inc. | 10,822 | ||||
2,352 | Beazer Homes USA, Inc.* | 37,350 | ||||
969 | Cavco Industries, Inc.* | 307,890 | ||||
3,620 | Century Communities, Inc. | 231,390 | ||||
3,255 | Ethan Allen Interiors, Inc. | 89,382 | ||||
820 | Flexsteel Industries, Inc. | 15,793 | ||||
7,358 | GoPro, Inc., Class A* | 37,011 | ||||
1,624 | Green Brick Partners, Inc.* | 56,938 | ||||
2,890 | Helen of Troy, Ltd.* | 275,041 | ||||
670 | Hooker Furnishings Corp. | 12,187 | ||||
347 | Hovnanian Enterprises, Inc., Class A* | 23,541 | ||||
3,018 | Installed Building Products, Inc. | 344,143 | ||||
1,482 | iRobot Corp.* | 64,675 | ||||
4,791 | KB Home | 192,502 | ||||
1,138 | Koss Corp.* | 5,258 | ||||
5,377 | La-Z-Boy, Inc. | 156,363 | ||||
1,413 | Legacy Housing Corp.* | 32,160 | ||||
6,614 | Leggett & Platt, Inc. | 210,854 | ||||
2,144 | LGI Homes, Inc.* | 244,480 | ||||
2,522 | Lifetime Brands, Inc. | 14,829 | ||||
1,513 | M/I Homes, Inc.* | 95,455 | ||||
6,707 | MDC Holdings, Inc. | 260,701 | ||||
1,818 | Meritage Homes Corp. | 212,270 | ||||
6,102 | Newell Brands, Inc. | 75,909 | ||||
9,527 | Purple Innovation, Inc.* | 25,151 | ||||
5,951 | Skyline Champion Corp.* | 447,694 | ||||
9,581 | Sonos, Inc.* | 187,979 | ||||
12,185 | Taylor Morrison Home Corp., Class A* | 466,198 | ||||
4,483 | Tempur Sealy International, Inc. | 177,034 | ||||
1,904 | Toll Brothers, Inc. | 114,297 | ||||
872 | TopBuild Corp.* | 181,498 | ||||
10,863 | Tri Pointe Homes, Inc.* | 275,051 | ||||
3,274 | Tupperware Brands Corp.* | 8,185 | ||||
798 | Universal Electronics, Inc.* | 8,092 | ||||
|
|
|||||
4,898,123 | ||||||
|
|
|||||
Household Products (0.6%): |
| |||||
1,235 | Central Garden & Pet Co.* | 50,709 | ||||
4,712 | Central Garden & Pet Co., Class A* | 184,098 | ||||
7,002 | Energizer Holdings, Inc. | 242,969 | ||||
1,192 | Oil-Dri Corp. of America | 49,599 | ||||
7,152 | Reynolds Consumer Products, Inc. | 196,680 | ||||
3,808 | Spectrum Brands Holdings, Inc. | 252,166 | ||||
1,352 | WD-40 Co. | 240,724 | ||||
|
|
|||||
1,216,945 | ||||||
|
|
Shares | Value | |||||
Common Stocks, continued |
| |||||
Independent Power and Renewable Electricity Producers (0.5%): | ||||||
8,330 | Atlantica Sustainable Infrastructure plc | $ | 246,235 | |||
2,245 | Clearway Energy, Inc., Class A | 67,417 | ||||
2,304 | Clearway Energy, Inc., Class C | 72,184 | ||||
5,585 | Ormat Technologies, Inc. | 473,441 | ||||
11,366 | Sunnova Energy International, Inc.*^ | 177,537 | ||||
|
|
|||||
1,036,814 | ||||||
|
|
|||||
Insurance (3.2%): |
| |||||
2,802 | AMBAC Financial Group, Inc.* | 43,375 | ||||
9,019 | American Equity Investment Life Holding Co. | 329,103 | ||||
2,102 | Amerisafe, Inc. | 102,893 | ||||
1,862 | Argo Group International Holdings, Ltd. | 54,538 | ||||
7,548 | Assured Guaranty, Ltd. | 379,438 | ||||
5,537 | Axis Capital Holdings, Ltd. | 301,877 | ||||
8,578 | Brighthouse Financial, Inc.* | 378,376 | ||||
3,331 | BRP Group, Inc., Class A* | 84,807 | ||||
3,445 | Crawford & Co. | 26,423 | ||||
2,876 | Crawford & Co., Class A | 24,043 | ||||
5,378 | Donegal Group, Inc., Class A | 82,176 | ||||
1,337 | eHealth, Inc.* | 12,514 | ||||
2,911 | Employers Holdings, Inc. | 121,360 | ||||
1,582 | Enstar Group, Ltd.* | 366,692 | ||||
5,076 | First American Financial Corp. | 282,530 | ||||
29,676 | Genworth Financial, Inc., Class A* | 148,974 | ||||
5,998 | Greenlight Capital Re, Ltd.* | 56,321 | ||||
175 | Hallmark Financial Services, Inc.* | 1,138 | ||||
3,655 | Hanover Insurance Group, Inc. (The) | 469,667 | ||||
489 | HCI Group, Inc. | 26,210 | ||||
1,369 | Heritage Insurance Holdings, Inc. | 4,217 | ||||
4,168 | Horace Mann Educators Corp. | 139,545 | ||||
135 | Investors Title Co. | 20,385 | ||||
3,776 | James River Group Holdings | 77,974 | ||||
5,318 | Kemper Corp. | 290,682 | ||||
1,473 | Kingstone Cos., Inc. | 2,018 | ||||
350 | Kinsale Capital Group, Inc. | 105,052 | ||||
12,677 | Maiden Holdings, Ltd.* | 26,495 | ||||
5,743 | Mercury General Corp. | 182,283 | ||||
403 | National Western Life Group, Inc., Class A | 97,776 | ||||
929 | NI Holdings, Inc.* | 12,077 | ||||
376 | Old Republic International Corp. | 9,389 | ||||
3,018 | Primerica, Inc. | 519,820 | ||||
5,241 | ProAssurance Corp. | 96,854 | ||||
3,174 | RLI Corp. | 421,856 | ||||
1,548 | Safety Insurance Group, Inc. | 115,357 | ||||
5,986 | Selective Insurance Group, Inc. | 570,645 | ||||
12,459 | SiriusPoint, Ltd.* | 101,292 | ||||
2,858 | Stewart Information Services Corp. | 115,320 | ||||
5,636 | Tiptree, Inc., Class A | 82,117 | ||||
3,821 | United Fire Group, Inc. | 101,448 | ||||
4,410 | Universal Insurance Holdings, Inc. | 80,350 | ||||
59 | Unum Group | 2,334 | ||||
317 | White Mountains Insurance Group, Ltd. | 436,664 | ||||
|
|
|||||
6,904,405 | ||||||
|
|
|||||
Interactive Media & Services (0.8%): |
| |||||
3,144 | ANGI, Inc., Class A* | 7,137 | ||||
1,594 | Bumble, Inc.* | 31,163 | ||||
10,392 | Cargurus, Inc.* | 194,123 | ||||
9,191 | Cars.com, Inc.* | 177,386 | ||||
12,824 | DHI Group, Inc.* | 49,757 |
See accompanying notes to the schedules of portfolio investments. |
64
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Interactive Media & Services, continued |
| |||||
2,725 | MediaAlpha, Inc., Class A* | $ | 40,820 | |||
6,656 | QuinStreet, Inc.* | 105,631 | ||||
3,848 | Shutterstock, Inc. | 279,365 | ||||
1,095 | Travelzoo* | 6,614 | ||||
9,123 | TripAdvisor, Inc.* | 181,183 | ||||
11,137 | TrueCar, Inc.* | 25,615 | ||||
7,836 | Yelp, Inc.* | 240,565 | ||||
4,771 | Ziff Davis, Inc.* | 372,376 | ||||
|
|
|||||
1,711,735 | ||||||
|
|
|||||
IT Services (1.6%): |
| |||||
622 | BM Technologies, Inc.*^ | 2,189 | ||||
1,700 | Brightcove, Inc.* | 7,565 | ||||
1,959 | Cass Information Systems, Inc. | 84,844 | ||||
289 | Concentrix Corp. | 35,128 | ||||
24,230 | Conduent, Inc.* | 83,109 | ||||
3,392 | CSG Systems International, Inc. | 182,150 | ||||
758 | CSP, Inc. | 10,286 | ||||
2,556 | DXC Technology Co.* | 65,331 | ||||
3,213 | Euronet Worldwide, Inc.* | 359,535 | ||||
5,750 | Evertec, Inc. | 194,063 | ||||
3,445 | ExlService Holdings, Inc.* | 557,504 | ||||
6,592 | Fastly, Inc., Class A* | 117,074 | ||||
3,855 | Flywire Corp.* | 113,183 | ||||
3,495 | Hackett Group, Inc. (The) | 64,588 | ||||
2,986 | I3 Verticals, Inc., Class A* | 73,247 | ||||
1,300 | Information Services Group, Inc. | 6,617 | ||||
2,738 | International Money Express, Inc.* | 70,586 | ||||
8,725 | Kyndryl Holdings, Inc.* | 128,781 | ||||
10,373 | Limelight Networks, Inc.* | 8,206 | ||||
13,088 | Marqeta, Inc., Class A* | 59,812 | ||||
3,715 | Maximus, Inc. | 292,371 | ||||
2,338 | Paysafe, Ltd.* | 40,377 | ||||
862 | Paysign, Inc.* | 3,129 | ||||
3,191 | Perficient, Inc.* | 230,358 | ||||
3,168 | PFSweb, Inc. | 13,432 | ||||
3,309 | Shift4 Payments, Inc., Class A* | 250,822 | ||||
1,400 | TaskUS, Inc., Class A* | 20,216 | ||||
5,287 | TTEC Holdings, Inc. | 196,835 | ||||
4,235 | Unisys Corp.* | 16,432 | ||||
8,419 | Verra Mobility Corp.* | 142,450 | ||||
9,820 | Western Union Co. (The.) | 109,493 | ||||
|
|
|||||
3,539,713 | ||||||
|
|
|||||
Leisure Products (0.8%): |
| |||||
7,401 | Acushnet Holdings Corp. | 377,007 | ||||
3,470 | American Outdoor Brands, Inc.* | 34,145 | ||||
648 | Brunswick Corp. | 53,136 | ||||
1,402 | Escalade, Inc. | 20,469 | ||||
1,455 | Johnson Outdoors, Inc., Class A | 91,679 | ||||
2,158 | Malibu Boats, Inc.* | 121,819 | ||||
3,527 | Marine Products Corp. | 46,521 | ||||
1,734 | MasterCraft Boat Holdings, Inc.* | 52,766 | ||||
7,857 | Mattel, Inc.* | 144,647 | ||||
2,293 | Nautilus Group, Inc.* | 3,073 | ||||
412 | Polaris, Inc. | 45,580 | ||||
4,406 | Smith & Wesson Brands, Inc. | 54,238 | ||||
10,855 | Topgolf Callaway Brands Corp.* | 234,685 | ||||
4,296 | Vista Outdoor, Inc.* | 119,042 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Leisure Products, continued |
| |||||
5,510 | YETI Holdings, Inc.* | $ | 220,400 | |||
|
|
|||||
1,619,207 | ||||||
|
|
|||||
Life Sciences Tools & Services (0.7%): |
| |||||
6,279 | Adaptive Biotechnologies Corp.* | 55,444 | ||||
255 | Azenta, Inc.* | 11,378 | ||||
2,852 | BioLife Solutions, Inc.* | 62,031 | ||||
2,937 | Codexis, Inc.* | 12,159 | ||||
5,439 | Harvard Bioscience, Inc.* | 22,844 | ||||
514 | Maravai LifeSciences Holdings, Inc., Class A* | 7,201 | ||||
3,070 | Medpace Holdings, Inc.* | 577,313 | ||||
923 | NanoString Technologies, Inc.* | 9,138 | ||||
11,926 | Neogenomics, Inc.* | 207,632 | ||||
4,067 | OmniAb, Inc.* | 14,966 | ||||
10,949 | Pacific Biosciences of California, Inc.* | 126,789 | ||||
647 | Personalis, Inc.* | 1,786 | ||||
3,541 | Quanterix Corp.* | 39,907 | ||||
15,049 | Sotera Health Co.* | 269,528 | ||||
1,185 | Syneos Health, Inc.* | 42,210 | ||||
|
|
|||||
1,460,326 | ||||||
|
|
|||||
Machinery (4.9%): |
| |||||
5,892 | 3D Systems Corp.* | 63,162 | ||||
1,558 | Alamo Group, Inc. | 286,921 | ||||
4,147 | Albany International Corp., Class A | 370,576 | ||||
10,320 | Allison Transmission Holdings, Inc. | 466,877 | ||||
806 | Arts-Way Manufacturing Co., Inc. | 1,588 | ||||
2,342 | Astec Industries, Inc. | 96,607 | ||||
6,532 | Barnes Group, Inc. | 263,109 | ||||
2,546 | Chart Industries, Inc.* | 319,268 | ||||
2,915 | CIRCOR International, Inc.* | 90,715 | ||||
3,104 | Columbus McKinnon Corp. | 115,345 | ||||
6,424 | Commercial Vehicle Group, Inc.* | 46,895 | ||||
1,917 | Crane Holdings Co. | 217,579 | ||||
493 | Donaldson Co., Inc. | 32,213 | ||||
3,774 | Douglas Dynamics, Inc. | 120,353 | ||||
500 | Eastern Co. (The) | 9,740 | ||||
5,334 | Energy Recovery, Inc.* | 122,949 | ||||
5,407 | Enerpac Tool Group Corp. | 137,879 | ||||
2,132 | EnPro Industries, Inc. | 221,493 | ||||
1,739 | Esab Corp. | 102,723 | ||||
2,512 | ESCO Technologies, Inc. | 239,770 | ||||
6,451 | Evoqua Water Technologies Co.* | 320,744 | ||||
6,371 | Federal Signal Corp. | 345,372 | ||||
12,072 | Flowserve Corp. | 410,448 | ||||
4,939 | Franklin Electric Co., Inc. | 464,760 | ||||
11,667 | Gates Industrial Corp. plc* | 162,055 | ||||
3,314 | Gencor Industries, Inc.* | 50,936 | ||||
1,794 | Gorman-Rupp Co. (The) | 44,850 | ||||
459 | Graham Corp.* | 6,004 | ||||
3,709 | Helios Technologies, Inc. | 242,569 | ||||
4,894 | Hillenbrand, Inc. | 232,612 | ||||
1,170 | Hurco Cos., Inc. | 29,624 | ||||
1,014 | Hyster-Yale Materials Handling, Inc., Class A | 50,588 | ||||
219 | ITT, Inc. | 18,900 | ||||
3,393 | John Bean Technologies Corp. | 370,821 | ||||
951 | Kadant, Inc. | 198,303 | ||||
7,094 | Kennametal, Inc. | 195,653 | ||||
1,529 | L.B. Foster Co., Class A* | 17,553 | ||||
1,158 | Lindsay Corp. | 175,009 | ||||
3,189 | Luxfer Holdings plc | 53,894 |
See accompanying notes to the schedules of portfolio investments. |
65
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Machinery, continued |
| |||||
3,228 | Manitex International, Inc.* | $ | 16,818 | |||
2,653 | Manitowoc Co., Inc. (The)* | 45,340 | ||||
589 | Mayville Engineering Co., Inc.* | 8,788 | ||||
1,424 | Miller Industries, Inc. | 50,338 | ||||
5,806 | Mueller Industries, Inc. | 426,625 | ||||
17,126 | Mueller Water Products, Inc., Class A | 238,736 | ||||
3,562 | NN, Inc.* | 3,811 | ||||
920 | Omega Flex, Inc. | 102,525 | ||||
2,691 | Oshkosh Corp. | 223,837 | ||||
723 | P&F Industries, Inc., Class A | 3,767 | ||||
1,229 | Park-Ohio Holdings Corp. | 14,846 | ||||
3,123 | Proto Labs, Inc.* | 103,527 | ||||
235 | RBC Bearings, Inc.* | 54,692 | ||||
6,810 | REV Group, Inc. | 81,652 | ||||
3,869 | Shyft Group, Inc. (The) | 88,020 | ||||
3,392 | SPX Technologies, Inc.* | 239,407 | ||||
1,443 | Standex International Corp. | 176,681 | ||||
466 | Taylor Devices, Inc.* | 9,339 | ||||
2,098 | Tennant Co. | 143,776 | ||||
7,935 | Terex Corp. | 383,895 | ||||
3,796 | The Greenbrier Cos., Inc. | 122,117 | ||||
3,793 | Timken Co. | 309,964 | ||||
8,711 | Titan International, Inc.* | 91,291 | ||||
8,005 | Trinity Industries, Inc. | 195,002 | ||||
1,747 | Twin Disc, Inc.* | 16,806 | ||||
6,843 | Wabash National Corp. | 168,269 | ||||
2,870 | Watts Water Technologies, Inc., Class A | 483,078 | ||||
|
|
|||||
10,519,404 | ||||||
|
|
|||||
Marine Transportation (0.3%): |
| |||||
9,113 | Costamare, Inc. | 85,753 | ||||
315 | Eneti, Inc. | 2,945 | ||||
6,304 | Genco Shipping & Trading, Ltd. | 98,721 | ||||
4,186 | Kirby Corp.* | 291,764 | ||||
3,488 | Matson, Inc. | 208,129 | ||||
|
|
|||||
687,312 | ||||||
|
|
|||||
Media (0.7%): |
| |||||
6,248 | Altice USA, Inc., Class A* | 21,368 | ||||
3,441 | AMC Networks, Inc., Class A* | 60,493 | ||||
478 | Beasley Broadcast Group, Inc., Class A* | 394 | ||||
3,595 | Boston Omaha Corp., Class A* | 85,094 | ||||
7,836 | comScore, Inc.* | 9,638 | ||||
198 | Daily Journal Corp.* | 56,422 | ||||
976 | DallasNews Corp. | 4,314 | ||||
6,737 | E.W. Scripps Co. (The), Class A* | 63,395 | ||||
12,895 | Entravision Communications Corp., Class A | 78,015 | ||||
5,880 | Gannett Co, Inc.* | 10,996 | ||||
7,507 | Gray Television, Inc. | 65,461 | ||||
1,608 | iHeartMedia, Inc., Class A* | 6,271 | ||||
5,763 | Integral Ad Science Holding Corp.* | 82,238 | ||||
5,004 | John Wiley & Sons, Inc., Class A | 194,005 | ||||
5,805 | Magnite, Inc.* | 53,754 | ||||
348 | Marchex, Inc., Class B* | 633 | ||||
3,785 | New York Times Co. (The), Class A | 147,161 | ||||
364 | Nexstar Media Group, Inc. | 62,848 | ||||
605 | Pubmatic, Inc.* | 8,361 | ||||
3,615 | Quotient Technology, Inc.* | 11,857 | ||||
3,440 | Scholastic Corp. | 117,717 | ||||
7,113 | Stagwell, Inc.* | 52,778 | ||||
3,284 | TechTarget, Inc.* | 118,618 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Media, continued |
| |||||
10,206 | TEGNA, Inc. | $ | 172,584 | |||
3,183 | Thryv Holdings, Inc.* | 73,400 | ||||
1,165 | WideOpenWest, Inc.* | 12,384 | ||||
|
|
|||||
1,570,199 | ||||||
|
|
|||||
Metals & Mining (2.2%): |
| |||||
2,001 | Alpha Metallurgical Resources, Inc. | 312,156 | ||||
2,124 | Ampco-Pittsburgh Corp.* | 5,204 | ||||
1,062 | Arconic Corp.* | 27,856 | ||||
1,338 | Ascent Industries Co.* | 12,229 | ||||
17,904 | ATI, Inc.* | 706,492 | ||||
6,343 | Carpenter Technology Corp. | 283,913 | ||||
14,713 | Century Aluminum Co.* | 147,130 | ||||
27,193 | Coeur Mining, Inc.* | 108,500 | ||||
12,935 | Commercial Metals Co. | 632,522 | ||||
4,961 | Compass Minerals International, Inc. | 170,113 | ||||
15,692 | Ferroglobe plc* | 77,518 | ||||
515 | Fortitude Gold Corp. | 3,672 | ||||
1,805 | Gold Resource Corp. | 1,895 | ||||
2,714 | Haynes International, Inc. | 135,944 | ||||
49,711 | Hecla Mining Co. | 314,671 | ||||
754 | Kaiser Aluminum Corp. | 56,271 | ||||
2,268 | Materion Corp. | 263,088 | ||||
937 | McEwen Mining, Inc.* | 7,936 | ||||
9,300 | MP Materials Corp.* | 262,167 | ||||
665 | Olympic Steel, Inc. | 34,720 | ||||
4,868 | Ryerson Holding Corp. | 177,098 | ||||
2,862 | Schnitzer Steel Industries, Inc., Class A | 89,008 | ||||
6,647 | SunCoke Energy, Inc. | 59,690 | ||||
7,248 | TimkenSteel Corp.* | 132,928 | ||||
9,051 | United States Steel Corp. | 236,231 | ||||
1,458 | Universal Stainless & Alloy Products, Inc.* | 13,632 | ||||
2,207 | Warrior Met Coal, Inc. | 81,019 | ||||
5,427 | Worthington Industries, Inc. | 350,856 | ||||
|
|
|||||
4,704,459 | ||||||
|
|
|||||
Multi-Utilities (0.6%): |
| |||||
7,625 | Avista Corp. | 323,681 | ||||
6,714 | Black Hills Corp. | 423,653 | ||||
5,832 | NorthWestern Corp. | 337,440 | ||||
2,008 | Unitil Corp. | 114,536 | ||||
|
|
|||||
1,199,310 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (4.3%): |
| |||||
2,222 | Alto Ingredients, Inc.* | 3,333 | ||||
1,382 | Amplify Energy Corp.* | 9,494 | ||||
52,225 | Antero Midstream Corp. | 547,840 | ||||
1,758 | Arch Resources, Inc. | 231,107 | ||||
3,948 | Ardmore Shipping Corp. | 58,707 | ||||
9,758 | Berry Corp. | 76,600 | ||||
5,609 | California Resources Corp. | 215,947 | ||||
4,863 | Callon Petroleum Co.* | 162,619 | ||||
882 | Centrus Energy Corp., Class A* | 28,400 | ||||
735 | Chord Energy Corp. | 98,931 | ||||
478 | Civitas Resources, Inc. | 32,667 | ||||
21,990 | Clean Energy Fuel Corp.* | 95,876 | ||||
17,318 | CNX Resources Corp.* | 277,434 | ||||
17,410 | Comstock Resources, Inc. | 187,854 | ||||
3,124 | CONSOL Energy, Inc. | 182,036 | ||||
8,717 | CVR Energy, Inc. | 285,743 | ||||
6,942 | Delek US Holdings, Inc. | 159,319 |
See accompanying notes to the schedules of portfolio investments. |
66
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Oil, Gas & Consumable Fuels, continued |
| |||||
3,982 | Denbury, Inc.* | $ | 348,943 | |||
17,465 | DHT Holdings, Inc. | 188,797 | ||||
5,245 | Dorian LPG, Ltd. | 104,585 | ||||
2,631 | DT Midstream, Inc. | 129,892 | ||||
1,841 | Earthstone Energy, Inc.* | 23,951 | ||||
35,592 | Enlink Midstream LLC | 385,817 | ||||
15,991 | Equitrans Midstream Corp. | 92,428 | ||||
2,943 | Evolution Petroleum Corp. | 18,570 | ||||
5,232 | Green Plains, Inc.* | 162,140 | ||||
741 | Gulfport Energy Corp.* | 59,280 | ||||
3,562 | International Seaways, Inc. | 148,464 | ||||
41,871 | Kosmos Energy, Ltd.* | 311,520 | ||||
13,505 | Magnolia Oil & Gas Corp., Class A | 295,489 | ||||
8,034 | Matador Resources Co. | 382,820 | ||||
9,109 | Murphy Oil Corp. | 336,851 | ||||
245 | NACCO Industries, Inc., Class A | 8,837 | ||||
19,107 | Nordic American Tankers, Ltd. | 75,664 | ||||
897 | Northern Oil and Gas, Inc. | 27,224 | ||||
5,300 | Overseas Shipholding Group, Inc.* | 20,670 | ||||
5,769 | PAR Pacific Holdings, Inc.* | 168,455 | ||||
13,132 | PBF Energy, Inc., Class A | 569,404 | ||||
3,598 | PDC Energy, Inc. | 230,920 | ||||
11,090 | Peabody Energy Corp.* | 283,904 | ||||
16,331 | Permian Resources Corp. | 171,476 | ||||
2,410 | PHX Minerals, Inc. | 6,314 | ||||
6 | PrimeEnergy Resources Corp.* | 505 | ||||
5,480 | Range Resources Corp. | 145,056 | ||||
523 | Ranger Oil Corp. | 21,359 | ||||
1,817 | REX American Resources Corp.* | 51,948 | ||||
5,496 | SandRidge Energy, Inc.* | 79,197 | ||||
7,258 | Scorpio Tankers, Inc. | 408,698 | ||||
13,204 | SFL Corp., Ltd. | 125,438 | ||||
3,500 | Sitio Royalties Corp., Class A | 79,100 | ||||
12,500 | SM Energy Co. | 352,000 | ||||
40,654 | Southwestern Energy Co.* | 203,270 | ||||
7,811 | Talos Energy, Inc.* | 115,915 | ||||
6,156 | Teekay Shipping Corp.* | 38,044 | ||||
4,811 | Teekay Tankers, Ltd., Class A* | 206,536 | ||||
1,933 | Vital Energy, Inc.* | 88,029 | ||||
11,767 | W&T Offshore, Inc.* | 59,776 | ||||
7,161 | World Fuel Services Corp. | 182,964 | ||||
|
|
|||||
9,364,157 | ||||||
|
|
|||||
Paper & Forest Products (0.3%): |
| |||||
2,555 | Clearwater Paper Corp.* | 85,388 | ||||
3,299 | Glatfelter Corp. | 10,524 | ||||
7,340 | Louisiana-Pacific Corp. | 397,902 | ||||
10,003 | Mercer International, Inc. | 97,779 | ||||
851 | Sylvamo Corp. | 39,367 | ||||
|
|
|||||
630,960 | ||||||
|
|
|||||
Passenger Airlines (0.4%): |
| |||||
4,152 | Alaska Air Group, Inc.* | 174,218 | ||||
1,985 | Allegiant Travel Co.* | 182,580 | ||||
1,769 | Copa Holdings SA, Class A* | 163,367 | ||||
1,436 | Frontier Group Holdings, Inc.* | 14,130 | ||||
6,778 | Hawaiian Holdings, Inc.* | 62,087 | ||||
25,978 | JetBlue Airways Corp.* | 189,120 | ||||
4,173 | SkyWest, Inc.* | 92,516 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Passenger Airlines, continued |
| |||||
4,325 | Spirit Airlines, Inc. | $ | 74,260 | |||
|
|
|||||
952,278 | ||||||
|
|
|||||
Personal Care Products (1.0%): |
| |||||
9,778 | BellRing Brands, Inc.* | 332,452 | ||||
4,160 | Coty, Inc., Class A* | 50,169 | ||||
5,591 | Edgewell Personal Care Co. | 237,170 | ||||
5,839 | elf Beauty, Inc.* | 480,842 | ||||
4,508 | Herbalife Nutrition, Ltd.* | 72,579 | ||||
3,887 | Inter Parfums, Inc. | 552,887 | ||||
900 | Lifevantage Corp. | 3,231 | ||||
1,046 | Medifast, Inc. | 108,439 | ||||
1,387 | Natural Alternatives International, Inc.* | 12,802 | ||||
369 | Natural Health Trends Corp. | 1,823 | ||||
3,865 | Natures Sunshine Products, Inc.* | 39,462 | ||||
4,261 | Nu Skin Enterprises, Inc., Class A | 167,500 | ||||
340 | United-Guardian, Inc. | 3,158 | ||||
2,073 | Usana Health Sciences, Inc.* | 130,392 | ||||
|
|
|||||
2,192,906 | ||||||
|
|
|||||
Pharmaceuticals (1.1%): |
| |||||
1,113 | Aclaris Therapeutics, Inc.* | 9,004 | ||||
9,876 | Amneal Pharmaceuticals, Inc.* | 13,728 | ||||
5,039 | Amphastar Pharmaceuticals, Inc.* | 188,962 | ||||
1,824 | ANI Pharmaceuticals, Inc.* | 72,449 | ||||
2,880 | Cara Therapeutics, Inc.* | 14,141 | ||||
4,640 | Collegium Pharmaceutical, Inc.* | 111,314 | ||||
8,031 | Corcept Therapeutics, Inc.* | 173,951 | ||||
3,415 | Cumberland Pharmaceuticals, Inc.* | 6,659 | ||||
5,512 | Cymabay Therapeutics, Inc.* | 48,065 | ||||
1,163 | EyePoint Pharmaceuticals, Inc.*^ | 3,419 | ||||
4,130 | Harmony Biosciences Holdings, Inc.* | 134,844 | ||||
2,485 | Harrow Health, Inc.* | 52,583 | ||||
8,756 | Innoviva, Inc.* | 98,505 | ||||
1,693 | Ligand Pharmaceuticals, Inc.* | 124,537 | ||||
10,744 | Nektar Therapeutics* | 7,552 | ||||
882 | NGM Biopharmaceuticals, Inc.* | 3,599 | ||||
7,543 | Organon & Co. | 177,411 | ||||
4,377 | Pacira BioSciences, Inc.* | 178,625 | ||||
6,939 | Perrigo Co. plc | 248,902 | ||||
3,419 | Phibro Animal Health Corp., Class A | 52,379 | ||||
5,147 | Prestige Consumer Healthcare, Inc.* | 322,357 | ||||
420 | Relmada Therapeutics, Inc.* | 949 | ||||
911 | scPharmaceuticals, Inc.* | 8,263 | ||||
5,073 | SIGA Technologies, Inc. | 29,170 | ||||
5,644 | Supernus Pharmaceuticals, Inc.* | 204,482 | ||||
2,116 | Taro Pharmaceutical Industries, Ltd.* | 51,461 | ||||
3,288 | Terns Pharmaceuticals, Inc.* | 38,930 | ||||
|
|
|||||
2,376,241 | ||||||
|
|
|||||
Professional Services (2.1%): |
| |||||
5,555 | ASGN, Inc.* | 459,232 | ||||
1,144 | Barrett Business Services, Inc. | 101,404 | ||||
558 | CACI International, Inc., Class A* | 165,324 | ||||
6,276 | CBIZ, Inc.* | 310,599 | ||||
490 | CRA International, Inc. | 52,832 | ||||
5,170 | Dun & Bradstreet Holdings, Inc. | 60,696 | ||||
5,277 | Exponent, Inc. | 526,064 | ||||
2,635 | Forrester Research, Inc.* | 85,242 | ||||
1,760 | Franklin Covey Co.* | 67,707 | ||||
2,543 | Heidrick & Struggles International, Inc. | 77,205 |
See accompanying notes to the schedules of portfolio investments. |
67
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Professional Services, continued |
| |||||
2,277 | Huron Consulting Group, Inc.* | $ | 183,003 | |||
1,077 | IBEX Holdings, Ltd.* | 26,279 | ||||
2,245 | ICF International, Inc. | 246,277 | ||||
3,565 | Insperity, Inc. | 433,326 | ||||
668 | KBR, Inc. | 36,773 | ||||
4,618 | Kelly Services, Inc., Class A | 76,613 | ||||
2,422 | Kforce, Inc. | 153,167 | ||||
5,109 | Korn Ferry | 264,340 | ||||
1,919 | ManpowerGroup, Inc. | 158,375 | ||||
1,332 | Mastech Digital, Inc.* | 16,417 | ||||
3,943 | Mistras Group, Inc.* | 26,734 | ||||
4,105 | Resources Connection, Inc. | 70,031 | ||||
3,126 | Science Applications International Corp. | 335,920 | ||||
5,468 | TriNet Group, Inc.* | 440,775 | ||||
4,565 | TrueBlue, Inc.* | 81,257 | ||||
505 | Willdan Group, Inc.* | 7,888 | ||||
|
|
|||||
4,463,480 | ||||||
|
|
|||||
Real Estate Management & Development (0.8%): |
| |||||
1,580 | AMREP Corp.* | 22,104 | ||||
395 | CKX Lands, Inc.* | 3,725 | ||||
10,668 | Compass, Inc., Class A* | 34,458 | ||||
15,704 | Cushman & Wakefield plc* | 165,520 | ||||
11,655 | Douglas Elliman, Inc. | 36,247 | ||||
913 | eXp World Holdings, Inc. | 11,586 | ||||
1,627 | Five Point Holdings LLC, Class A* | 3,840 | ||||
5,226 | Forestar Group, Inc.* | 81,317 | ||||
971 | FRP Holdings, Inc.* | 56,201 | ||||
4,346 | Howard Hughes Corp. (The)* | 347,680 | ||||
10 | J.W. Mays, Inc.* | 454 | ||||
14,336 | Kennedy-Wilson Holdings, Inc. | 237,834 | ||||
3,651 | Marcus & Millichap, Inc. | 117,234 | ||||
1,035 | Maui Land & Pineapple Co., Inc.* | 12,379 | ||||
17,049 | Newmark Group, Inc. | 120,707 | ||||
1,207 | Rafael Holdings, Inc., Class B* | 1,871 | ||||
688 | RE/MAX Holdings, Inc., Class A | 12,907 | ||||
3,740 | Realogy Holdings Corp.* | 19,747 | ||||
308 | Stratus Properties, Inc. | 6,160 | ||||
4,527 | Tejon Ranch Co.* | 82,708 | ||||
2,198 | The RMR Group, Inc., Class A | 57,675 | ||||
5,902 | The St Joe Co. | 245,582 | ||||
|
|
|||||
1,677,936 | ||||||
|
|
|||||
Semiconductors & Semiconductor Equipment (3.6%): |
| |||||
2,944 | Alpha & Omega Semiconductor, Ltd.* | 79,341 | ||||
3,209 | Ambarella, Inc.* | 248,441 | ||||
23,055 | Amkor Technology, Inc. | 599,891 | ||||
1,301 | Amtech Systems, Inc.* | 12,412 | ||||
4,607 | Axcelis Technologies, Inc.* | 613,883 | ||||
2,777 | AXT, Inc.* | 11,052 | ||||
2,382 | CEVA, Inc.* | 72,484 | ||||
5,561 | Cirrus Logic, Inc.* | 608,262 | ||||
4,518 | Cohu, Inc.* | 173,446 | ||||
5,088 | Diodes, Inc.* | 471,963 | ||||
7,567 | FormFactor, Inc.* | 241,009 | ||||
4,679 | GSI Technology, Inc.* | 8,048 | ||||
3,150 | Ichor Holdings, Ltd.* | 103,131 | ||||
1,349 | inTEST Corp.* | 27,978 | ||||
5,112 | Kulicke & Soffa Industries, Inc. | 269,351 | ||||
4,134 | MACOM Technology Solutions Holdings, Inc.* | 292,853 | ||||
1,636 | MagnaChip Semiconductor Corp.* | 15,182 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Semiconductors & Semiconductor Equipment, continued |
| |||||
8,358 | MaxLinear, Inc., Class A* | $ | 294,285 | |||
787 | MKS Instruments, Inc. | 69,744 | ||||
1,056 | NVE Corp. | 87,637 | ||||
5,286 | Onto Innovation, Inc.* | 464,534 | ||||
5,443 | PDF Solutions, Inc.* | 230,783 | ||||
2,693 | Photronics, Inc.* | 44,650 | ||||
2,109 | Pixelworks, Inc.* | 3,121 | ||||
5,868 | Power Integrations, Inc. | 496,667 | ||||
12,138 | Rambus, Inc.* | 622,194 | ||||
6,562 | Semtech Corp.* | 158,407 | ||||
2,296 | Silicon Laboratories, Inc.* | 402,007 | ||||
2,252 | SMART Global Holdings, Inc.* | 38,824 | ||||
3,812 | Synaptics, Inc.* | 423,704 | ||||
5,069 | Ultra Clean Holdings, Inc.* | 168,088 | ||||
1,328 | Universal Display Corp. | 206,013 | ||||
4,871 | Veeco Instruments, Inc.* | 102,924 | ||||
|
|
|||||
7,662,309 | ||||||
|
|
|||||
Software (2.9%): |
| |||||
8,280 | A10 Networks, Inc. | 128,257 | ||||
11,371 | ACI Worldwide, Inc.* | 306,790 | ||||
7,970 | Adeia, Inc. | 70,614 | ||||
2,981 | Agilysys, Inc.* | 245,962 | ||||
5,632 | Alarm.com Holdings, Inc.* | 283,177 | ||||
2,145 | Altair Engineering, Inc.* | 154,676 | ||||
5,064 | American Software, Inc., Class A | 63,857 | ||||
796 | Appfolio, Inc.* | 99,086 | ||||
935 | Asure Software, Inc.* | 13,558 | ||||
6,178 | AvidXchange Holdings, Inc.* | 48,188 | ||||
2,785 | Aware, Inc.* | 4,735 | ||||
6,035 | Blackbaud, Inc.* | 418,226 | ||||
12,665 | Box, Inc.* | 339,295 | ||||
2,942 | Cerence, Inc.* | 82,641 | ||||
3,799 | Cognyte Software, Ltd.* | 12,879 | ||||
4,305 | CommVault Systems, Inc.* | 244,266 | ||||
2,247 | Consensus Cloud Solutions, Inc.* | 76,600 | ||||
6,335 | DoubleVerify Holdings, Inc.* | 191,000 | ||||
5,396 | E2open Parent Holdings, Inc.* | 31,405 | ||||
3,520 | Ebix, Inc. | 46,429 | ||||
1,400 | eGain Corp.* | 10,626 | ||||
2,921 | EngageSmart, Inc.* | 56,229 | ||||
4,266 | Envestnet, Inc.* | 250,286 | ||||
1,029 | Guidewire Software, Inc.* | 84,429 | ||||
1,398 | Informatica, Inc., Class A* | 22,927 | ||||
2,755 | InterDigital, Inc. | 200,840 | ||||
5,474 | Jamf Holding Corp.* | 106,305 | ||||
4,429 | JFrog, Ltd.* | 87,251 | ||||
7,700 | LiveRamp Holdings, Inc.* | 168,861 | ||||
3,178 | Mitek Systems, Inc.* | 30,477 | ||||
554 | Model N, Inc.* | 18,542 | ||||
13,710 | NCR Corp.* | 323,419 | ||||
4,082 | Olo, Inc., Class A* | 33,309 | ||||
1,242 | ON24, Inc.* | 10,880 | ||||
3,431 | OneSpan, Inc.* | 60,042 | ||||
4,551 | Progress Software Corp. | 261,455 | ||||
293 | Q2 Holdings, Inc.* | 7,214 | ||||
3,599 | Qualys, Inc.* | 467,942 | ||||
7,922 | Rimini Street, Inc.* | 32,639 | ||||
3,449 | Sapiens International Corp. NV | 74,912 | ||||
539 | Shotspotter, Inc.* | 21,193 |
See accompanying notes to the schedules of portfolio investments. |
68
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Software, continued |
| |||||
1,900 | Smith Micro Software, Inc.* | $ | 2,204 | |||
4,640 | SolarWinds Corp.* | 39,904 | ||||
2,387 | SPS Commerce, Inc.* | 363,540 | ||||
3,200 | Sumo Logic, Inc.* | 38,336 | ||||
3,280 | Synchronoss Technologies, Inc.* | 3,083 | ||||
9,872 | Teradata Corp.* | 397,644 | ||||
870 | Upland Software, Inc.* | 3,741 | ||||
6,778 | Verint Systems, Inc.* | 252,413 | ||||
3,188 | Xperi, Inc.* | 34,845 | ||||
|
|
|||||
6,327,129 | ||||||
|
|
|||||
Specialty Retail (2.9%): |
| |||||
1,021 | 1-800-Flowers.com, Inc., Class A* | 11,742 | ||||
3,889 | Aarons Co., Inc. (The) | 37,568 | ||||
6,589 | Abercrombie & Fitch Co., Class A* | 182,845 | ||||
10,052 | Academy Sports & Outdoors, Inc. | 655,893 | ||||
23,952 | American Eagle Outfitters, Inc. | 321,915 | ||||
840 | Americas Car-Mart, Inc.* | 66,536 | ||||
1,088 | Asbury Automotive Group, Inc.* | 228,480 | ||||
441 | AutoNation, Inc.* | 59,253 | ||||
5,705 | Barnes & Noble Education, Inc.* | 8,672 | ||||
1,634 | Big 5 Sporting Goods Corp. | 12,565 | ||||
3,059 | Boot Barn Holdings, Inc.* | 234,442 | ||||
1,732 | Build-A-Bear Workshop, Inc. | 40,252 | ||||
4,212 | Caleres, Inc. | 91,106 | ||||
407 | Camping World Holdings, Inc., Class A | 8,494 | ||||
2,166 | CarParts.com, Inc.* | 11,566 | ||||
1,799 | Cato Corp., Class A | 15,903 | ||||
15,144 | Chicos FAS, Inc.* | 83,292 | ||||
1,682 | Citi Trends, Inc.* | 31,992 | ||||
2,251 | Conns, Inc.* | 13,641 | ||||
5,322 | Designer Brands, Inc., Class A | 46,514 | ||||
4,253 | Destination XL Group, Inc.* | 23,434 | ||||
738 | Duluth Holdings, Inc.* | 4,708 | ||||
9,025 | Foot Locker, Inc. | 358,202 | ||||
950 | Franchise Group, Inc. | 25,888 | ||||
8,222 | Gap, Inc. (The) | 82,549 | ||||
1,751 | Genesco, Inc.* | 64,577 | ||||
753 | Group 1 Automotive, Inc. | 170,494 | ||||
5,310 | Guess?, Inc. | 103,333 | ||||
2,627 | Haverty Furniture Cos., Inc. | 83,828 | ||||
1,759 | Hibbett, Inc. | 103,746 | ||||
861 | J Jill, Inc.* | 22,420 | ||||
1,300 | Lands End, Inc.* | 12,636 | ||||
8,685 | Leslies, Inc.* | 95,622 | ||||
1,529 | LL Flooring Holdings, Inc.* | 5,810 | ||||
1,251 | MarineMax, Inc.* | 35,966 | ||||
3,840 | Monro, Inc. | 189,811 | ||||
1,446 | Murphy U.S.A., Inc. | 373,140 | ||||
9,122 | National Vision Holdings, Inc.* | 171,858 | ||||
2,301 | ODP Corp. (The)* | 103,499 | ||||
443 | OneWater Marine, Inc.* | 12,391 | ||||
159 | Penske Automotive Group, Inc. | 22,548 | ||||
3,370 | PetMed Express, Inc. | 54,729 | ||||
2,414 | Revolve Group, Inc.* | 63,488 | ||||
9,361 | Sally Beauty Holdings, Inc.* | 145,844 | ||||
3,524 | Shoe Carnival, Inc. | 90,391 | ||||
4,223 | Signet Jewelers, Ltd. | 328,465 | ||||
2,863 | Sleep Number Corp.* | 87,064 | ||||
1,077 | Sonic Automotive, Inc., Class A | 58,524 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Specialty Retail, continued |
| |||||
5,038 | Sportsmans Warehouse Holdings, Inc.* | $ | 42,722 | |||
5,832 | The Buckle, Inc. | 208,144 | ||||
1,618 | The Childrens Place, Inc.* | 65,125 | ||||
4,201 | The Container Store Group, Inc.* | 14,409 | ||||
1,307 | Tile Shop Holdings, Inc.* | 6,130 | ||||
2,271 | Tillys, Inc.* | 17,509 | ||||
624 | TravelCenters of America, Inc.* | 53,976 | ||||
5,782 | Upbound Group, Inc. | 141,717 | ||||
9,674 | Urban Outfitters, Inc.* | 268,163 | ||||
3,486 | Victorias Secret & Co.* | 119,047 | ||||
507 | Winmark Corp. | 162,458 | ||||
2,194 | Zumiez, Inc.* | 40,457 | ||||
|
|
|||||
6,197,493 | ||||||
|
|
|||||
Technology Hardware, Storage & Peripherals (0.4%): |
| |||||
1,308 | AstroNova, Inc.* | 18,430 | ||||
4,079 | Avid Technology, Inc.* | 130,447 | ||||
1,673 | Intevac, Inc.* | 12,263 | ||||
6,812 | Stratasys, Ltd.* | 112,602 | ||||
4,935 | Super Micro Computer, Inc.* | 525,824 | ||||
1,590 | TransAct Technologies, Inc.* | 9,842 | ||||
600 | Turtle Beach Corp.* | 6,012 | ||||
9,858 | Xerox Holdings Corp. | 151,813 | ||||
|
|
|||||
967,233 | ||||||
|
|
|||||
Textiles, Apparel & Luxury Goods (1.2%): |
| |||||
4,805 | Capri Holdings, Ltd.* | 225,835 | ||||
4,104 | Carters, Inc. | 295,160 | ||||
4,005 | Columbia Sportswear Co. | 361,411 | ||||
2,291 | Culp, Inc. | 11,913 | ||||
2,091 | Fossil Group, Inc.* | 6,691 | ||||
5,172 | G-III Apparel Group, Ltd.* | 80,424 | ||||
1,322 | Hanesbrands, Inc. | 6,954 | ||||
6,230 | Kontoor Brands, Inc. | 301,470 | ||||
816 | Lakeland Industries, Inc. | 11,914 | ||||
1,625 | Movado Group, Inc. | 46,751 | ||||
1,628 | Oxford Industries, Inc. | 171,900 | ||||
3,974 | PVH Corp. | 354,322 | ||||
674 | Rocky Brands, Inc. | 15,549 | ||||
8,848 | Steven Madden, Ltd. | 318,528 | ||||
418 | Superior Group of Cos., Inc. | 3,290 | ||||
11,206 | Under Armour, Inc., Class A* | 106,345 | ||||
11,499 | Under Armour, Inc., Class C* | 98,086 | ||||
957 | Unifi, Inc.* | 7,819 | ||||
1,916 | Vera Bradley, Inc.* | 11,477 | ||||
6,915 | Wolverine World Wide, Inc. | 117,901 | ||||
|
|
|||||
2,553,740 | ||||||
|
|
|||||
Tobacco (0.2%): |
| |||||
763 | Turning Point Brands, Inc. | 16,023 | ||||
2,298 | Universal Corp. | 121,541 | ||||
19,624 | Vector Group, Ltd. | 235,684 | ||||
|
|
|||||
373,248 | ||||||
|
|
|||||
Trading Companies & Distributors (2.6%): |
| |||||
13,246 | Air Lease Corp. | 521,495 | ||||
2,483 | Alta Equipment Group, Inc. | 39,356 | ||||
5,148 | Applied Industrial Technologies, Inc. | 731,685 | ||||
7,216 | Beacon Roofing Supply, Inc.* | 424,662 | ||||
1,151 | BlueLinx Holdings, Inc.* | 78,222 | ||||
2,610 | Boise Cascade Co. | 165,082 | ||||
2,629 | DXP Enterprises, Inc.* | 70,773 |
See accompanying notes to the schedules of portfolio investments. |
69
AZL DFA U.S. Small Cap Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Trading Companies & Distributors, continued |
| |||||
2,463 | EVI Industries, Inc.* | $ | 48,767 | |||
3,079 | GATX Corp. | 338,752 | ||||
4,153 | Global Industrial Co. | 111,467 | ||||
1,159 | GMS, Inc.* | 67,094 | ||||
2,840 | H&E Equipment Services, Inc. | 125,613 | ||||
3,306 | Herc Holdings, Inc. | 376,553 | ||||
1,400 | Hudson Technologies, Inc.* | 12,222 | ||||
2,937 | McGrath Rentcorp | 274,051 | ||||
9,914 | MRC Global, Inc.* | 96,364 | ||||
4,207 | MSC Industrial Direct Co., Inc. | 353,388 | ||||
13,081 | NOW, Inc.* | 145,853 | ||||
3,662 | Rush Enterprises, Inc., Class A | 199,945 | ||||
876 | Rush Enterprises, Inc., Class B | 52,464 | ||||
681 | SiteOne Landscape Supply, Inc.* | 93,208 | ||||
4,207 | Textainer Group Holdings, Ltd. | 135,087 | ||||
3,252 | Titan Machinery, Inc.* | 99,023 | ||||
1,171 | Transcat, Inc.* | 104,676 | ||||
6,285 | Triton International, Ltd. | 397,338 | ||||
5,651 | Univar Solutions, Inc.* | 197,955 | ||||
1,384 | Veritiv Corp. | 187,034 | ||||
576 | WESCO International, Inc. | 89,015 | ||||
|
|
|||||
5,537,144 | ||||||
|
|
|||||
Water Utilities (0.6%): |
| |||||
3,880 | American States Water Co. | 344,893 | ||||
933 | Artesian Resources Corp. | 51,651 | ||||
5,298 | California Water Service Group | 308,344 | ||||
1,256 | Consolidated Water Co., Ltd. | 20,636 | ||||
1,823 | Middlesex Water Co. | 142,413 | ||||
4,988 | Pure Cycle Corp.* | 47,136 | ||||
3,168 | SJW Group | 241,180 | ||||
1,701 | York Water Co. (The) | 76,035 | ||||
|
|
|||||
1,232,288 | ||||||
|
|
|||||
Wireless Telecommunication Services (0.2%): |
| |||||
8,428 | Gogo, Inc.* | 122,206 | ||||
5,245 | Shenandoah Telecommunications Co. | 99,760 | ||||
2,722 | Spok Holdings, Inc. | 27,574 | ||||
11,047 | Telephone and Data Systems, Inc. | 116,104 | ||||
3,950 | United States Cellular Corp.* | 81,883 | ||||
|
|
|||||
447,527 | ||||||
|
|
|||||
Total Common Stocks (Cost $199,037,185) |
214,797,538 | |||||
|
|
Shares | Value | |||||
Preferred Stocks (0.0%): |
| |||||
Media (0.0%): |
| |||||
430 | Liberty Broadband Corp., Series A, 7.00% | $ | 9,843 | |||
|
|
|||||
Trading Companies & Distributors (0.0%): |
| |||||
2,540 | WESCO International, Inc., Series A, 10.63% | 68,859 | ||||
|
|
|||||
Total Preferred Stocks (Cost $70,827) |
78,702 | |||||
|
|
|||||
Rights (0.0%): |
| |||||
Biotechnology (0.0%): |
| |||||
8,857 | Achillion Pharm CVR, Expires on 1/29/49* | 12,666 | ||||
1,262 | Albireo Pharma, Inc. CVR, Expires on 3/2/26* | 2,713 | ||||
2,004 | Chinook Therapeutics CVR, Expires on 12/31/49* | 4,910 | ||||
|
|
|||||
20,289 | ||||||
|
|
|||||
Health Care (0.0%): |
| |||||
4,400 | Progenics Pharmaceuticals, Inc., Expires on 12/31/49* | 5,060 | ||||
|
|
|||||
Oil, Gas & Consumable Fuels (0.0%): |
| |||||
5,401 | Resolute Fst CVR, Expires on 1/1/26* | 7,670 | ||||
|
|
|||||
Pharmaceuticals (0.0%): |
| |||||
8,452 | Xeris BioPharma Hold CVR, Expires on 10/6/49* | 3,007 | ||||
|
|
|||||
Trading Companies & Distributors (0.0%): |
| |||||
79 | Communications Systems I CVR, Expires on 1/1/29* | 349 | ||||
|
|
|||||
Total Rights (Cost $) |
36,375 | |||||
|
|
|||||
Principal Amount | ||||||
Short-Term Security Held as Collateral for Securities on Loan (0.1%): | ||||||
188,203 | BlackRock Liquidity FedFund, Institutional Class, 2.54%(b)(c) | 188,203 | ||||
|
|
|||||
Total Short-Term Security Held as Collateral for Securities on Loan |
188,203 | |||||
|
|
|||||
Shares | ||||||
Unaffiliated Investment Company (0.3%): | ||||||
Money Markets (0.3%): |
| |||||
709,728 | Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 4.43%(c) | 709,728 | ||||
|
|
|||||
Total Unaffiliated Investment Company |
709,728 | |||||
|
|
|||||
Total Investment Securities (Cost $200,005,943) 100.1% |
215,810,546 | |||||
Net other assets (liabilities) (0.1)% |
(311,699 | ) | ||||
|
|
|||||
Net Assets 100.0% |
$ | 215,498,847 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023
CVR - Contingency Valued Rights
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $196,953. |
| Represents less than 0.05%. |
* | Non-income producing security. |
(a) | Security was valued using unobservable inputs as of March 31, 2023. |
(b) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(c) | The rate represents the effective yield at March 31, 2023. |
Amounts shown as are either 0 or round to less than 1.
See accompanying notes to the schedules of portfolio investments. |
70
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Asset Backed Securities (4.1%): |
||||||
$907,000 | American Express Credit Account Master Trust, Class A, Series 2022-3, 3.75%, 8/16/27 | $ | 891,517 | |||
2,226,955 | American Homes 4 Rent LLC, Class A, Series 2014- SFR3, 3.68%, 12/17/36(a) | 2,172,600 | ||||
6,522,000 | BA Credit Card Trust, Class A2, Series 2022-A2, 5.00%, 4/17/28 | 6,602,096 | ||||
1,640,000 | Benchmark Mortgage Trust, Class A4, Series 2018- B7, 4.51%, 11/15/51, Callable 11/15/28 @ 100 | 1,569,790 | ||||
6,787,000 | Capital One Multi-Asset Execution Trust, Class A, Series 2022-A3, 4.95%, 10/15/27 | 6,856,962 | ||||
341,000 | Capital One Multi-Asset Execution Trust, Class A, Series 2022-A2, 3.49%, 5/15/27 | 332,638 | ||||
1,070,000 | Capital One Multi-Asset Execution Trust, Class A2, Series 2021-A2, 1.39%, 7/15/30 | 915,876 | ||||
1,612,000 | Carmax Auto Owner Trust, Class A3, Series 2022-4, 5.34%, 8/16/27, Callable 9/15/26 @ 100 | 1,630,566 | ||||
1,973,048 | CarMax Auto Owner Trust, Class A2A, Series 2022- 2, 2.81%, 5/15/25, Callable 2/15/26 @ 100 | 1,955,800 | ||||
138,708 | College Ave Student Loans LLC, Class A1, Series 2021-A, 5.95%(US0001M+110bps), 7/25/51, Callable 2/25/32 @ 100(a) | 138,468 | ||||
958,146 | College Ave Student Loans LLC, Class A2, Series 2021-C, 2.32%, 7/26/55, Callable 12/25/34 @ 100(a) | 842,322 | ||||
1,035,844 | College Avenue Student Loans LLC, Class A2, Series 2021-B, 1.76%, 6/25/52, Callable 1/25/34 @ 100(a) | 902,399 | ||||
1,880,000 | Credit Acceptance Auto Loan Trust, Class A, Series 2021-3A, 1.00%, 5/15/30, Callable 11/15/24 @ 100(a) | 1,817,979 | ||||
30,376 | Credit Acceptance Auto Loan Trust, Class A, Series 20-2A, 1.37%, 7/16/29, Callable 12/15/23 @ 100(a) | 30,229 | ||||
3,269,694 | Credit Acceptance Auto Loan Trust, Class A, Series 2021-2A, 0.96%, 2/15/30, Callable 12/15/24 @ 100(a) | 3,184,520 | ||||
3,400,000 | Credit Acceptance Auto Loan Trust, Class A, Series 2021-4, 1.26%, 10/15/30, Callable 4/15/25 @ 100(a) | 3,222,250 | ||||
415,853 | EDvestinU Private Education Loan Issue No 3 LLC, Class A, Series 2021-A, 1.80%, 11/25/45(a) | 374,152 | ||||
773,000 | Enterprise Fleet Financing LLC, Class A3, Series 2022-3, 4.29%, 7/20/29, Callable 5/20/26 @ 100(a) | 740,896 | ||||
2,544,785 | Ford Credit Auto Lease Trust, Class A2A, Series 2022-A, 2.78%, 10/15/24, Callable 11/15/24 @ 100 | 2,527,512 | ||||
6,228,000 | Ford Credit Auto Owner Trust, Class A, Series 2023- 1, 4.85%, 8/15/35, Callable 2/15/28 @ 100(a) | 6,302,263 | ||||
1,955,000 | Ford Credit Auto Owner Trust, Class A3, Series 2023-A, 4.65%, 2/15/28, Callable 11/15/26 @ 100 | 1,957,673 | ||||
917,000 | Ford Credit Auto Owner Trust, Class A3, Series 2022-D, 5.27%, 5/17/27, Callable 1/15/27 @ 100 | 927,238 | ||||
424,014 | Goodleap Sustainable Home Solutions Trust, Class A, Series 2022-1GS, 2.70%, 1/20/49, Callable 7/20/36 @ 100(a) | 345,579 | ||||
1,622,304 | GoodLeap Sustainable Home Solutions Trust, Class A, Series 2021-4GS, 1.93%, 7/20/48, Callable 8/20/36 @ 100(a) | 1,293,282 | ||||
888,691 | GoodLeap Sustainable Home Solutions Trust, Class A, Series 2021-5CS, 2.31%, 10/20/48, Callable 9/20/36 @ 100(a) | 708,084 |
Principal Amount | Value | |||||
Asset Backed Securities, continued |
||||||
$1,876,837 | GoodLeap Sustainable Home Solutions Trust, Class A, Series 2022-3CS, 4.95%, 7/20/49, Callable 12/20/36 @ 100(a) | $ | 1,757,971 | |||
2,960,000 | GPMT, Ltd., Class A, Series 2021-FL4, 6.10%(US0001M+135bps), 11/15/36, Callable 11/20/23 @ 100(a) | 2,852,278 | ||||
1,467,000 | Honda Auto Receivables Owner Trust, Class A3, Series 2023-1, 5.04%, 4/21/27, Callable 6/21/26 @ 100 | 1,477,214 | ||||
6,226,000 | Hyundai Auto Receivables Trust, Class A3, Series 2022-C, 5.39%, 6/15/27, Callable 3/15/27 @ 100 | 6,295,929 | ||||
1,390,000 | Lendmark Funding Trust, Class A, Series 2021-1A, 1.90%, 11/20/31, Callable 5/20/26 @ 100(a) | 1,214,151 | ||||
1,200,000 | Mariner Finance Issuance Trust, Class A, Series 2021-AA, 1.86%, 3/20/36, Callable 3/20/26 @ 100(a) | 1,066,090 | ||||
1,605,000 | Mercedes-Benz Auto Receivables Trust, Class A3, Series 2023-1, 4.51%, 11/15/27, Callable 10/15/26 @ 100 | 1,601,828 | ||||
156,000 | Mercedes-Benz Auto Receivables Trust, Class A3, Series 2022-1, 5.21%, 8/16/27, Callable 8/15/26 @ 100 | 157,615 | ||||
966,818 | Mosaic Solar Loan Trust, Class A, Series 2022-D, 6.16%, 6/20/53, Callable 5/20/34 @ 100(a) | 985,834 | ||||
1,523,754 | Mosaic Solar Loan Trust, Class A, Series 2022-1A, 2.64%, 1/20/53, Callable 9/20/37 @ 100(a) | 1,341,794 | ||||
889,131 | Mosaic Solar Loan Trust, Class A, Series 2022-2A, 4.38%, 1/21/53, Callable 5/20/40 @ 100(a) | 834,031 | ||||
990,990 | Navient Private Education Loan Trust, Class A1B, Series 2020-lA, 5.68%(US0001M+100bps), 4/15/69, Callable 8/15/31 @ 100(a) | 968,106 | ||||
73,776 | Navient Private Education Loan Trust, Class A2A, Series 2018-BA, 3.61%, 12/15/59, Callable 3/15/28 @ 100(a) | 71,570 | ||||
6,290,444 | Navient Private Education Refi Loan Trust, Class A, Series 2021-EA, 0.97%, 12/16/69, Callable 8/15/29 @ 100(a) | 5,336,929 | ||||
2,109,255 | Navient Private Education Refi Loan Trust, Class A2A, Series 2019-D, 3.01%, 12/15/59, Callable 7/15/31 @ 100(a) | 1,978,547 | ||||
1,995,841 | Navient Private Education Refi Loan Trust, Class A, Series 20-FA, 1.22%, 7/15/69, Callable 3/15/27 @ 100(a) | 1,834,086 | ||||
430,277 | Navient Private Education Refi Loan Trust, Class A, Series 2021-A, 0.84%, 5/15/69, Callable 2/15/28 @ 100(a) | 375,439 | ||||
2,079,210 | Navient Private Education Refi Loan Trust, Class A, Series 2021-DA, 5.76%(PRIME-(199)bps), 4/15/60, Callable 5/15/32 @ 100(a) | 1,932,054 | ||||
4,145,349 | Navient Private Education Refi Loan Trust, Class A, Series 2022-BA, 4.16%, 10/15/70, Callable 8/15/29 @ 100(a) | 4,005,508 | ||||
4,145,583 | Navient Student Loan Trust, Class A2B, Series 2019-D, 5.73%(US0001M+105bps), 12/15/59, Callable 7/15/31 @ 100(a) | 4,053,018 | ||||
117,259 | Navient Student Loan Trust, Class A2, Series 2018- EA, 4.00%, 12/15/59, Callable 4/15/25 @ 100(a) | 114,687 |
See accompanying notes to the schedules of portfolio investments.
71
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Asset Backed Securities, continued |
||||||
$823,749 |
Navient Student Loan Trust, Class A2B, Series 2020-CA, 6.28%(US0001M+160bps), 11/15/68, Callable 5/15/31 @ 100(a) | $ | 826,703 | |||
3,467,942 |
Nelnet Student Loan Trust, Class AFL, Series 2021- CA, 5.50%(US0001M+74bps), 4/20/62, Callable 6/20/31 @ 100(a) | 3,381,629 | ||||
2,474,039 |
Nelnet Student Loan Trust, Class AFX, Series 2021- DA, 1.63%, 4/20/62, Callable 10/20/31 @ 100(a) | 2,276,162 | ||||
5,730,124 |
Nelnet Student Loan Trust, Class AFL, Series 2021- BA, 5.54%(US0001M+78bps), 4/20/62, Callable 7/20/29 @ 100(a) | 5,647,024 | ||||
3,003,993 |
Nelnet Student Loan Trust, Class APT2, Series 2021-A, 1.36%, 4/20/62, Callable 9/20/29 @ 100(a) | 2,723,238 | ||||
1,400,000 |
PFS Financing Corp., Class A, Series 2021-A, 0.71%, 4/15/26(a) | 1,350,261 | ||||
5,039,000 |
PFS Financing Corp., Class A, Series 2023-1A, 5.80%, 3/15/28 | 5,040,307 | ||||
489,160 |
Prodigy Finance CM2021-1 DAC, Class A, Series 2021-1A, 6.10%(US0001M+125bps), 7/25/51, Callable 2/25/27 @ 100(a) | 479,518 | ||||
2,009,000 |
Regional Management Issuance Trust, Class A, Series 2021-2, 1.90%, 8/15/33, Callable 8/15/26 @ 100(a) | 1,714,679 | ||||
1,118,135 |
SMB Private Education Loan Trust, Class APT1, Series 2021-C, 1.39%, 1/15/53(a) | 997,649 | ||||
265,562 |
SMB Private Education Loan Trust, Class A2B, Series 2020-A, 5.51%(US0001M+83bps), 9/15/37(a) | 259,333 | ||||
3,384,521 |
SMB Private Education Loan Trust, Class A2A1, Series 2021-A, 5.41%(US0001M+73bps), 1/15/53(a) | 3,276,777 | ||||
490,000 |
SMB Private Education Loan Trust, Class B, Series 2021-A, 2.31%, 1/15/53(a) | 440,772 | ||||
1,835,486 |
SMB Private Education Loan Trust, Class A1B, Series 2022-C, 6.41%(SOFR30A+185bps), 5/16/50(a) | 1,847,315 | ||||
1,613,769 |
SMB Private Education Loan Trust, Class A1A, Series BA, 1.29%, 7/15/53(a) | 1,456,226 | ||||
3,145,503 |
SMB Private Education Loan Trust, Class APT, Series 2022-A, 2.85%, 11/16/54(a) | 2,853,840 | ||||
307,294 |
SMB Private Education Loan Trust, Class A2B, Series 2017-B, 5.43%(US0001M+75bps), 10/15/35(a) | 304,435 | ||||
553,283 |
SoFi Professional Loan Program, Class AFX, Series 2020-C, 1.95%, 2/15/46, Callable 4/15/28 @ 100(a) | 501,007 | ||||
1,112,915 |
SoFi Professional Loan Program, Class A2FX, Series 2017-F, 2.84%, 1/25/41, Callable 6/25/25 @ 100(a) | 1,076,115 | ||||
1,094,945 |
SoFi Professional Loan Program, Class A2FX, Series 2020-A, 2.54%, 5/15/46, Callable 6/15/27 @ 100(a) | 1,018,287 | ||||
7,585 |
SoFi Professional Loan Program, Class A2B, Series 2016-D, 2.34%, 4/25/33, Callable 10/25/23 @ 100(a) | 7,419 | ||||
432,784 |
SoFi Professional Loan Program, Class A2FX, Series 2019-B, 3.09%, 8/17/48, Callable 5/15/26 @ 100(a) | 411,375 | ||||
|
|
|||||
Total Asset Backed Securities (Cost $131,607,313) |
126,387,441 | |||||
|
|
Principal Amount | Value | |||||
Collateralized Mortgage Obligations (6.4%): |
||||||
$1,930,000 |
ACRES Commercial Realty, Ltd., Class A, Series 2021-FL2, 6.11%(US0001M+140bps), 1/15/37, Callable 12/15/23 @ 100(a) | $ | 1,879,689 | |||
2,000,000 |
AIMCO CLO, Class AR, Series 2017-AA, 5.86%(US0003M+105bps), 4/20/34, Callable 4/20/23 @ 100(a) | 1,943,938 | ||||
2,810,000 |
Alen Mortgage Trust, Class A, Series 2021-ACEN, 5.83%(US0001M+115bps), 4/15/38(a) | 2,573,289 | ||||
870,000 |
Allegro CLO VIII,, Ltd., Class A, Series 2018-2A, 5.89%(US0003M+110bps), 7/15/31, Callable 4/15/23 @ 100(a) | 855,099 | ||||
998,994 |
Anchorage Capital CLO 7, Ltd., Class AR2, Series 2015-7A, 5.89%(US0003M+109bps), 1/28/31, Callable 4/28/23 @ 100(a) | 982,511 | ||||
1,170,000 |
Apidos CLO XX, Class A1RA, Series 2015-20A, 5.89%(US0003M+110bps), 7/16/31, Callable 4/16/23 @ 100(a) | 1,152,325 | ||||
950,000 |
Apidos Clo Xxv, Class A1R, Series 2016-25A, 5.98%(US0003M+117bps), 10/20/31, Callable 4/20/23 @ 100(a) | 934,794 | ||||
2,140,000 |
Arbor Realty Commercial Real Estate Notes, Ltd., Class A, Series 2021-FL4, 6.03%(US0001M+135bps), 11/15/36, Callable 6/15/24 @ 100(a) | 2,094,641 | ||||
473,838 |
Ares XL CLO, Ltd., Class A1RA, Series 2016-40A, 5.66%(US0003M+87bps), 1/15/29, Callable 4/15/23 @ 100(a) | 468,794 | ||||
500,000 |
Ares XXXIIR CLO, Ltd., Class A1A, Series 2014- 32RA, 5.80%(US0003M+94bps), 5/15/30, Callable 5/15/23 @ 100(a) | 493,115 | ||||
1,607,653 |
Arroyo Mortgage Trust, Class A1, Series 2022-2, 4.95%, 7/25/57, Callable 7/25/25 @ 100(a) | 1,568,020 | ||||
1,330,000 |
BANK, Class A5, Series 2021-BN38, 2.52%, 12/15/64, Callable 12/15/31 @ 100 | 1,082,145 | ||||
3,850,000 |
Barclays Commercial Mortgage Trust, Class A, Series 2018-TALL, 5.56%(US0001M+72bps), 3/15/37(a) | 3,540,449 | ||||
1,224,787 |
Battalion CLO VIII, Ltd., Class A1R2, Series 2015- 8A, 5.86%(US0003M+107bps), 7/18/30, Callable 4/18/23 @ 100(a) | 1,207,223 | ||||
2,290,000 |
Battalion CLO X, Ltd., Class A1R2, Series 2016-10A, 5.99%(US0003M+117bps), 1/25/35, Callable 4/24/23 @ 100(a) | 2,225,527 | ||||
1,990,000 |
BDS, Ltd., Class A, Series 2021-FL10, 6.11%(US0001M+135bps), 12/18/36, Callable 12/16/23 @ 100(a) | 1,961,481 | ||||
1,040,000 |
Benchmark Mortgage Trust, Class B, Series 2019- B15, 3.56%, 12/15/72, Callable 12/15/29 @ 100 | 845,838 | ||||
3,120,000 |
Benchmark Mortgage Trust, Class A5, Series 2019- B12, 3.12%, 8/15/52, Callable 8/15/29 @ 100 | 2,750,667 | ||||
1,540,000 |
BSPRT Issuer, Ltd., Class A, Series 2021-FL7, 6.00%(US0001M+132bps), 12/15/38, Callable 12/15/23 @ 100(a) | 1,492,459 | ||||
3,350,000 |
BX Commercial Mortgage Trust, Class A, Series 2020-ViV4, 2.84%, 3/9/44, Callable 3/9/30 @ 100(a) | 2,724,009 | ||||
1,521,124 |
BX Commercial Mortgage Trust, Class A, Series 2019-XL, 5.86%(US0001M+92bps), 10/15/36(a) | 1,504,110 | ||||
551,000 |
BX Trust, Class D, Series 2019-OC11, 4.08%, 12/9/41, Callable 12/9/29 @ 100(a) | 454,118 |
See accompanying notes to the schedules of portfolio investments.
72
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
||||||
$615,000 |
Cantor Commercial Real Estate Lending, Class A4, Series 2019-CF2, 2.62%, 11/15/52, Callable 10/15/29 @ 100 | $ | 542,235 | |||
603,000 |
Cantor Commercial Real Estate Lending, Class B, Series 2019-CF3, 3.50%, 1/15/53, Callable 12/15/29 @ 100(b) | 510,678 | ||||
400,000 |
CARLYLE US CLO, Ltd., Class A1, Series 2021-5A, 5.93%(US0003M+112bps), 7/20/34, Callable 7/20/23 @ 100(a) | 388,935 | ||||
2,235,000 |
Cedar Funding VI CLO, Ltd., Class AAA, Series 2016- 6A, 5.86%(US0003M+105bps), 4/20/34, Callable 4/20/23 @ 100(a) | 2,159,059 | ||||
1,950,000 |
CEDR Commercial Mortgage Trust, Class A, Series 2022-SNAI, 5.82%(TSFR1M+99bps), 2/15/39(a) | 1,777,113 | ||||
248,720 |
Chase Home Lending Mortgage Trust, Class A11, Series 2019-ATR2, 5.52%(US0001M+90bps), 7/25/49, Callable 6/25/36 @ 100(a) | 236,910 | ||||
1,250,000 |
CIFC Funding, Ltd., Class A1, Series 2013-3RA, 5.80%(US0003M+98bps), 4/24/31, Callable 4/24/23 @ 100(a) | 1,231,504 | ||||
1,750,000 |
CIFC Funding, Ltd., Class A, Series 2018-3A, 5.89%(US0003M+110bps), 7/18/31, Callable 4/18/23 @ 100(a) | 1,723,750 | ||||
331,494 |
CIFC Funding, Ltd., Class A1, Series 2017-5A, 5.97%(US0003M+118bps), 11/16/30, Callable 4/17/23 @ 100(a) | 326,987 | ||||
711,256 |
CIM Trust, Class A11, Series 2019-INV3, 5.50%(US0001M+100bps), 8/25/49, Callable 5/25/35 @ 100(a) | 661,765 | ||||
667,000 |
Commercial Mortgage Loan Trust, Class A5, Series 2015-CR24, 3.70%, 8/10/48, Callable 6/10/26 @ 100 | 639,245 | ||||
3,075,000 |
Commercial Mortgage Loan Trust, Class A4, Series 2015-CCRE26, 3.63%, 10/10/48, Callable 9/10/25 @ 100 | 2,939,777 | ||||
2,253,698 |
Credit Suisse Mortgage Capital Certificates, Class A, Series 2020-NET, 2.26%, 8/15/37(a) | 2,025,008 | ||||
210,000 |
CSAIL Commercial Mortgage Trust, Class A5, Series 2018-CX11, 4.03%, 4/15/51, Callable 4/15/28 @ 100(b) | 196,485 | ||||
1,195,000 |
CSAIL Commercial Mortgage Trust, Class B, Series 2019-C15, 4.48%, 3/15/52, Callable 2/15/29 @ 100 | 1,081,066 | ||||
1,698,190 |
CSMC, Class A1, Series 2021-NQM8, 1.84%, 10/25/66, Callable 11/25/24 @ 100(a)(b) | 1,456,464 | ||||
2,335,000 |
CSMC, Class B, Series 2021-BHAR, 6.19%(US0001M+150bps), 11/15/38(a) | 2,223,327 | ||||
2,000,000 |
Dewolf Park CLO, Ltd., Class AR, Series 2017-1A, 5.71%(US0003M+92bps), 10/15/30, Callable 4/15/23 @ 100(a) | 1,973,820 | ||||
1,440,000 |
Diameter Capital CLO 1, Ltd., Class A1A, Series 2021-1A, 6.03%(US0003M+124bps), 7/15/36, Callable 10/15/23 @ 100(a) | 1,404,112 | ||||
511,365 |
Dryden 30 Senior Loan Fund, Class AR, Series 2013- 30A, 5.68%(US0003M+82bps), 11/15/28, Callable 5/15/23 @ 100(a) | 505,543 | ||||
2,000,000 |
Dryden 37 Senior Loan Fund, Class AR, Series 2015- 37A, 5.89%(US0003M+110bps), 1/15/31, Callable 4/15/23 @ 100(a) | 1,970,349 |
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
||||||
$2,095,000 |
Dryden 43 Senior Loan Fund, Class AR2, Series 2016-43A, 5.85%(US0003M+104bps), 4/20/34, Callable 4/20/23 @ 100(a) | $ | 2,030,531 | |||
470,000 |
Dryden 60 CLO, Ltd., Class A, Series 2018-60A, 5.84%(US0003M+105bps), 7/15/31, Callable 4/15/23 @ 100(a) | 462,010 | ||||
800,000 |
Dryden 75 CLO, Ltd., Class AR2, Series 2019-75A, 5.83%(US0003M+104bps), 4/15/34, Callable 4/15/23 @ 100(a) | 778,260 | ||||
4,750,000 |
Elmwood CLO II, Ltd., Class AR, Series 2019-2A, 5.96%(US0003M+115bps), 4/20/34, Callable 4/20/23 @ 100(a) | 4,642,897 | ||||
503,846 |
Flagstar Mortgage Trust, Class A11, Series 2019-1, 5.50%(US0001M+95bps), 10/25/49, Callable 3/25/36 @ 100(a) | 468,991 | ||||
4,230,000 |
Flatiron CLO 18, Ltd., Class A, Series 2018-1A, 5.87%(TSFR3M+121bps), 4/17/31, Callable 4/17/23 @ 100(a) | 4,167,415 | ||||
1,012,403 |
FRESB Multifamily Mortgage Pass Through, Class A10H, Series 2019-SB60, 3.50%(US0001M+350bps), 1/25/39, Callable 12/25/28 @ 100 | 955,194 | ||||
1,230,000 |
FS RIALTO, Class A, Series 2021-FL2, 5.95%(US0001M+122bps), 4/16/26, Callable 4/16/23 @ 100(a) | 1,197,179 | ||||
2,720,000 |
FS Rialto Issuer LLC, Class A, Series 2022-FL4, 6.46%(SOFR30A+190bps), 1/19/39, Callable 4/17/24 @ 100(a) | 2,625,055 | ||||
2,130,000 |
Galaxy XXVI CLO, Ltd., Class A, Series 2018-26A, 6.11%(US0003M+120bps), 11/22/31, Callable 5/22/23 @ 100(a) | 2,103,803 | ||||
1,122,000 |
Galaxy XXVII CLO, Ltd., Class A, Series 2018-27A, 5.89%(US0003M+102bps), 5/16/31, Callable 5/16/23 @ 100(a) | 1,105,242 | ||||
2,903,201 |
GCAT Trust, Class A1, Series 2021-NQM7, 1.92%, 8/25/66, Callable 5/25/30 @ 100(a)(b) | 2,510,275 | ||||
4,110,000 |
Great Wolf Trust, Class A, Series 2019-WOLF, 5.98%(TSFR1M+115bps), 12/15/36(a) | 4,020,305 | ||||
377,550 |
Grippen Park CLO, Ltd., Class A, Series 2017-1A, 6.07%(US0003M+126bps), 1/20/30, Callable 4/20/23 @ 100(a) | 374,058 | ||||
3,636,863 |
GS Mortgage Backed Securities Corp. Trust, Class A4, Series 2022-PJ2, 2.50%, 6/25/52, Callable 8/25/49 @ 100(a)(b) | 2,943,018 | ||||
2,105,000 |
GS Mortgage Securities Corp. Trust, Class B, Series 2023-FUN, 7.45%(TSFR1M+279bps), 3/15/28(a) | 2,102,011 | ||||
2,090,000 |
GS Mortgage Securities Corp. Trust, Class A, Series 2023-FUN, 6.75%(TSFR1M+209bps), 3/15/28(a) | 2,061,294 | ||||
1,063,210 |
GS Mortgage-Backed Securities Trust, Class A2, Series 2021-PJ2, 2.50%, 7/25/51, Callable 4/25/48 @ 100(a)(b) | 863,028 | ||||
1,645,991 |
GS Mortgage-Backed Securities Trust, Class A2, Series 2021-PJ6, 2.50%, 11/25/51, Callable 5/25/47 @ 100(a)(b) | 1,350,227 | ||||
1,025,332 |
Homeward Opportunities Fund Trust, Class A1, Series 2022-1, 5.08%, 7/25/67, Callable 8/25/25 @ 100(a)(b) | 1,014,203 | ||||
1,525,000 |
IMT Trust, Class BFX, Series 2017-APTS, 3.50%, 6/15/34(a)(b) | 1,458,084 |
See accompanying notes to the schedules of portfolio investments.
73
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
||||||
$1,500,000 |
J.P. Morgan Chase Commercial Mortgage Securities Trust, Class A, Series 2022-NXSS, 7.01%(TSFR1M+218bps), 8/15/39(a) | $ | 1,490,636 | |||
270,000 |
J.P. Morgan Chase Commercial Mortgage Securities Trust, Class D, Series 2022-OPO, 3.45%, 1/5/39(a) (b) | 204,519 | ||||
2,365,161 |
J.P. Morgan Mortgage Trust, Class A3B, Series 2022-INV3, 3.00%, 9/25/52, Callable 3/25/46 @ 100(a)(b) | 1,989,322 | ||||
3,660,000 |
JP Morgan Chase Commercial Mortgage Securities Trust, Class A, Series 2021-NYAH, 5.44%(US0001M+76bps), 6/15/38 | 3,531,900 | ||||
451,310 |
JP Morgan Mortgage Trust, Class A11, Series 2019- INV2, 5.52%(US0001M+90bps), 2/25/50, Callable 12/25/40 @ 100(a) | 421,530 | ||||
412,626 |
JP Morgan Mortgage Trust, Class A11, Series 2019- INV3, 5.62%(US0001M+100bps), 5/25/50, Callable 2/25/43 @ 100(a) | 384,872 | ||||
107,136 |
JP Morgan Mortgage Trust, Class A5, Series 2019-LTV3, 3.50%, 2/25/50, Callable 10/25/24 @ 100(a)(b) | 103,764 | ||||
165,115 |
JP Morgan Mortgage Trust, Class A11, Series 2019- 7, 5.52%(US0001M+90bps), 2/25/50, Callable 11/25/35 @ 100(a) | 154,147 | ||||
80,113 |
JP Morgan Mortgage Trust, Class A11, Series 2019- LTV3, 5.47%(US0001M+85bps), 2/25/50, Callable 10/25/24 @ 100(a) | 78,828 | ||||
1,509,019 |
JP Morgan Mortgage Trust, Class A12, Series 2021- 14, 5.00%, 5/25/52, Callable 11/25/40 @ 100(a)(b) | 1,470,115 | ||||
987,108 |
JP Morgan Mortgage Trust, Class A12, Series 2021- 12, 5.00%, 2/25/52, Callable 7/25/47 @ 100(a)(b) | 949,634 | ||||
556,392 |
JP Morgan Mortgage Trust, Class A3, Series 2021- 7, 2.50%, 11/25/51, Callable 1/25/45 @ 100(a)(b) | 457,806 | ||||
766,823 |
JP Morgan Mortgage Trust, Class A3, Series 2021- 12, 2.50%, 2/25/52, Callable 7/25/47 @ 100(a)(b) | 618,610 | ||||
86,754 |
JP Morgan Mortgage Trust, Class A11, Series 2020- LTV1, 5.62%(US0001M+100bps), 6/25/50, Callable 6/25/38 @ 100(a) | 85,172 | ||||
700,000 |
JPMDB Commercial Mortgage Securities Trust, Class A5, Series 2017-C5, 3.69%, 3/15/50, Callable 4/15/27 @ 100 | 658,127 | ||||
2,904,000 |
KNDL Mortgage Trust, Class A, Series 2019-KNSQ, 5.48%(US0001M+80bps), 5/15/36(a) | 2,873,069 | ||||
1,000,000 |
LCM XVIII, LP, Class A1R, Series 18A, 5.83%(US0003M+102bps), 4/20/31, Callable 4/20/23 @ 100(a) | 984,434 | ||||
1,503,944 |
Life Mortgage Trust, Class A, Series 2021-BMR, 5.64%(US0001M+70bps), 3/15/38(a) | 1,459,485 | ||||
1,875,000 |
LoanCore Issuer, Ltd., Class A, Series 2021-CRE6, 5.98%(US0001M+130bps), 11/15/38, Callable 11/15/23 @ 100(a) | 1,831,082 | ||||
4,735,000 |
Louisiana Local Government Environmental Facilities & Community Development Authority Revenue, Class A3, Series 2023-ELL, 5.05%, 12/1/34 | 4,830,931 | ||||
1,120,000 |
Madison Park Funding LXII, Ltd., Class A1, Series 2022-62A, 6.91%(TSFR3M+225bps), 7/17/33, Callable 7/17/23 @ 100(a) | 1,120,681 | ||||
996,194 |
Madison Park Funding XVII, Ltd., Class ARR, Series 2015-18A, 5.76%(US0003M+94bps), 10/21/30, Callable 4/21/23 @ 100(a) | 982,735 |
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
||||||
$1,000,000 |
Madison Park Funding XXXV, Ltd., Class A1R, Series 2019-35A, 5.80%(US0003M+99bps), 4/20/32, Callable 4/20/23 @ 100(a) | $ | 983,077 | |||
2,941,489 |
Mello Mortgage Capital Acceptance, Class A3, Series 2022-INV2, 3.00%, 4/25/52, Callable 1/25/44 @ 100(a)(b) | 2,488,776 | ||||
630,000 |
MF1, Class A, Series 2021-W10, 5.90%(SOFR30A+107bps), 12/15/24(a) | 595,285 | ||||
1,505,000 |
MHP, Class A, Series 2021-STOR, 5.38%(US0001M+70bps), 7/15/38(a) | 1,444,266 | ||||
1,067,684 |
Morgan Stanley Bank of America Merrill Lynch Trust, Class A3, Series 2015-C24, 3.48%, 5/15/48, Callable 8/15/25 @ 100 | 1,024,963 | ||||
1,540,000 |
Morgan Stanley Capital I Trust, Class A4, Series 2016-BNK2, 3.05%, 11/15/49, Callable 11/15/26 @ 100 | 1,436,284 | ||||
2,308,038 |
Neuberger Berman CLO XV, Class A1R2, Series 2013-15A, 5.71%(US0003M+92bps), 10/15/29, Callable 4/15/23 @ 100(a) | 2,270,793 | ||||
10,270,000 |
Neuberger Berman Loan Advisers CLO 25, Ltd., Class AR, Series 2017-25A, 5.72%(US0003M+93bps), 10/18/29, Callable 4/18/23 @ 100(a) | 10,132,617 | ||||
800,000 |
Neuberger Berman Loan Advisers CLO 32, Ltd., Class AR, Series 2019-32A, 5.79%(US0003M+99bps), 1/20/32, Callable 4/19/23 @ 100(a) | 783,422 | ||||
1,322,716 |
OBX Trust, Class A1, Series 2021-J1, 2.50%, 5/25/51, Callable 8/25/48 @ 100(a)(b) | 1,083,387 | ||||
1,492,471 |
OBX Trust, Class A1, Series 2022-INV3, 3.00%, 2/25/52, Callable 2/25/48 @ 100(a)(b) | 1,256,241 | ||||
470,000 |
OCP CLO, Ltd., Class AR, Series 2019-16A, 5.81%(US0003M+100bps), 4/10/33, Callable 4/10/23 @ 100(a) | 461,070 | ||||
1,960,000 |
OCP CLO, Ltd., Class A1, Series 2018-15A, 5.91%(US0003M+110bps), 7/20/31, Callable 4/20/23 @ 100(a) | 1,930,314 | ||||
1,905,000 |
Octagon 66, Ltd., Class A, Series 2022-1A, 6.71%(TSFR3M+194bps), 8/16/33, Callable 8/16/23 @ 100(a) | 1,903,064 | ||||
352,565 |
Octagon Investment Partners 30, Ltd., Class A1R, Series 2017-1A, 5.81%(US0003M+100bps), 3/17/30, Callable 4/20/23 @ 100(a) | 348,187 | ||||
3,530,000 |
OCTAGON INVESTMENT PARTNERS 35, LTD., Class A1A, Series 2018-1A, 5.87%(US0003M+106bps), 1/20/31, Callable 4/20/23 @ 100(a) | 3,494,790 | ||||
1,000,000 |
Octagon Investment Partners XVI, Ltd., Class A1R, Series 2013-1A, 5.81%(US0003M+102bps), 7/17/30, Callable 4/17/23 @ 100(a) | 988,460 | ||||
1,200,000 |
Octagon Investment Partners XVII, Ltd., Class A2R2, Series 2013-1A, 5.92%(US0003M+110bps), 1/25/31, Callable 4/25/23 @ 100(a) | 1,165,818 | ||||
2,354,110 |
One Lincoln Street Commercial Mortgage, Class A1, Series 2004-C3, 5.72%, 10/15/30, Callable 10/15/23 @ 100(a)(b) | 2,354,504 | ||||
1,510,000 |
One New York Plaza Trust, Class A, Series 2020- 1NYP, 5.63%(US0001M+95bps), 1/15/26(a) | 1,446,529 | ||||
1,200,000 |
Palmer Square CLO, Ltd., Class A1R2, Series 2014- 1A, 5.92%(US0003M+113bps), 1/17/31, Callable 4/17/23 @ 100(a) | 1,190,123 |
See accompanying notes to the schedules of portfolio investments.
74
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
||||||
$2,700,000 | Palmer Square CLO, Ltd., Class A1A, Series 2022- 4A, 6.22%(TSFR3M+215bps), 10/20/35, Callable 1/20/25 @ 100(a) | $ | 2,687,320 | |||
2,210,870 | PRKCM Trust, Class A1, Series 2021-AFC2, 2.07%, 11/25/56, Callable 10/25/34 @ 100(a)(b) | 1,867,825 | ||||
651,745 | RCKT Mortgage Trust, Class A1, Series 2021-1, 2.50%, 3/25/51, Callable 3/25/42 @ 100(a)(b) | 527,405 | ||||
1,940,000 | Regatta X Funding, Ltd., Class A, Series 2017-3A, 5.91%(US0003M+112bps), 1/17/31, Callable 4/17/23 @ 100(a) | 1,922,096 | ||||
1,250,000 | RR 3, Ltd., Class A1R2, Series 2018-3A, 5.88%(US0003M+109bps), 1/15/30, Callable 4/15/23 @ 100(a) | 1,239,208 | ||||
564,988 | Seasoned Credit Risk Transfer Trust, Class MA, Series 2018-2, 3.50%, 11/25/57, Callable 8/25/43 @ 100 | 543,914 | ||||
1,456,807 | Seasoned Credit Risk Transfer Trust, Class MA, Series 2019-2, 3.50%, 8/25/58, Callable 8/25/54 @ 100 | 1,378,956 | ||||
125,000 | SG Commercial Mortgage Securities Trust, Class A4, Series 2016-C5, 3.06%, 10/10/48, Callable 7/10/26 @ 100 | 115,376 | ||||
845,149 | SG Residential Mortgage Trust, Class A1, Series 2022-2, 5.35%, 9/25/67, Callable 8/25/25 @ 100(a) (b) | 841,911 | ||||
1,500,000 | Signal Peak CLO 4, Ltd., Class XR, Series 2017-4A, 5.77%(US0003M+95bps), 10/26/34, Callable 10/26/23 @ 100(c) | 1,486,992 | ||||
1,000,000 | Signal Peak CLO 5, Ltd., Class A, Series 2018-5A, 5.93%(US0003M+111bps), 4/25/31, Callable 4/25/23 @ 100(a) | 988,429 | ||||
1,000,000 | Signal Peak CLO 8, Ltd., Class A, Series 2020-8A, 6.08%(US0003M+127bps), 4/20/33, Callable 4/20/23 @ 100(a) | 981,655 | ||||
2,300,000 | Taubman Centers Commercial Mortgage Trust, Class A, Series 2022-DPM, 7.01%(TSFR1M+219bps), 5/15/37(a) | 2,214,503 | ||||
849,471 | TCI-Flatiron Clo, Ltd., Class AR, Series 2017-1A, 5.84%(US0003M+96bps), 11/18/30, Callable 5/17/23 @ 100(a) | 837,728 | ||||
4,605,818 | TCI-Symphony CLO, Ltd., Class AR, Series 2017-1A, 5.72%(US0003M+93bps), 7/15/30, Callable 4/15/23 @ 100(a) | 4,529,822 | ||||
388,839 | Tharaldson Hotel Portfolio Trust, Class A, Series 2018-THL, 5.76%(US0001M+75bps), 11/11/34(a) | 380,535 | ||||
2,729,559 | Verus Securitization Trust, Class A1, Series 2022-3, 4.13%, 2/25/67, Callable 3/25/25 @ 100(a) | 2,550,015 | ||||
725,000 | Voya CLO, Ltd., Class AR, Series 2019-1A, 5.85%(US0003M+106bps), 4/15/31, Callable 4/15/23 @ 100(a) | 713,331 | ||||
1,000,000 | Voya CLO, Ltd., Class A1R, Series 2017-3A, 5.85%(US0003M+104bps), 4/20/34, Callable 4/20/23 @ 100(a) | 972,638 | ||||
775,000 | Wells Fargo Commercial Mortgage Trust, Class A4, Series 2015-C28, 3.54%, 5/15/48, Callable 5/15/25 @ 100 | 749,758 | ||||
1,250,000 | Wells Fargo Commercial Mortgage Trust, Class AS, Series 2015-NXS1, 3.41%, 5/15/48, Callable 4/15/25 @ 100 | 1,179,201 |
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
||||||
$8,614,164 |
Wells Fargo Commercial Mortgage Trust, Class XA, Series 2016-LC25, 0.84%, 12/15/59, Callable 9/15/26 @ 100(b) | $ | 208,344 | |||
1,015,000 |
Wells Fargo Commercial Mortgage Trust, Class A4, Series 2015-NXS4, 3.72%, 12/15/48, Callable 11/15/25 @ 100 | 969,838 | ||||
1,500,000 |
Whitebox CLO III, Ltd., Class A1, Series 2021-3A, 6.01%(US0003M+122bps), 10/15/34, Callable 10/15/23 @ 100(a) | 1,471,144 | ||||
|
|
|||||
Total Collateralized Mortgage Obligations |
196,762,766 | |||||
|
|
|||||
Corporate Bonds (22.7%): |
||||||
Aerospace & Defense (1.5%): |
||||||
2,529,000 |
BAE Systems Holdings, Inc., 3.80%, 10/7/24(a) | 2,476,667 | ||||
2,560,000 |
BAE Systems Holdings, Inc., 3.85%, 12/15/25, Callable 9/15/25 @ 100(a) | 2,460,959 | ||||
440,000 |
Boeing Co. (The), 3.63%, 3/1/48, Callable 9/1/47 @ 100 | 313,201 | ||||
956,000 |
Boeing Co. (The), 3.75%, 2/1/50, Callable 8/1/49 @ 100 | 718,777 | ||||
199,000 |
Boeing Co. (The), 5.81%, 5/1/50, Callable 11/1/49 @ 100 | 198,805 | ||||
219,000 |
General Dynamics Corp., 3.50%, 4/1/27, Callable 2/1/27 @ 100 | 210,849 | ||||
796,000 |
General Dynamics Corp., 3.75%, 5/15/28, Callable 2/15/28 @ 100 | 769,742 | ||||
3,217,000 |
Harris Corp., 4.40%, 6/15/28, Callable 3/15/28 @ 100 | 3,150,408 | ||||
1,192,000 |
Huntington Ingalls Industries, Inc., 3.48%, 12/1/27, Callable 9/1/27 @ 100 | 1,111,540 | ||||
1,518,000 |
Huntington Ingalls Industries, Inc., 2.04%, 8/16/28, Callable 6/16/28 @ 100 | 1,284,413 | ||||
360,000 |
Huntington Ingalls Industries, Inc., 4.20%, 5/1/30, Callable 2/1/30 @ 100 | 336,222 | ||||
2,069,000 |
L3Harris Technologies, Inc., 3.85%, 12/15/26, Callable 9/15/26 @ 100 | 2,018,632 | ||||
4,475,000 |
L3Harris Technologies, Inc., 4.40%, 6/15/28, Callable 3/15/28 @ 100 | 4,392,029 | ||||
188,000 |
Lockheed Martin Corp., Series B, 6.15%, 9/1/36 | 212,714 | ||||
1,790,000 |
Lockheed Martin Corp., 4.07%, 12/15/42 | 1,636,608 | ||||
1,017,000 |
Lockheed Martin Corp., 3.80%, 3/1/45, Callable 9/1/44 @ 100 | 879,988 | ||||
234,000 |
Lockheed Martin Corp., 4.15%, 6/15/53, Callable 12/15/52 @ 100 | 211,169 | ||||
488,000 |
Lockheed Martin Corp., 4.30%, 6/15/62, Callable 12/15/61 @ 100 | 441,076 | ||||
849,000 |
Lockheed Martin Corp., 5.90%, 11/15/63, Callable 5/15/63 @ 100 | 986,139 | ||||
722,000 |
Northrop Grumman Corp., 3.85%, 4/15/45, Callable 10/15/44 @ 100 | 610,017 | ||||
2,200,000 |
Northrop Grumman Corp., 4.03%, 10/15/47, Callable 4/15/47 @ 100 | 1,931,303 | ||||
2,374,000 |
Northrop Grumman Corp., 4.95%, 3/15/53, Callable 9/15/52 @ 100 | 2,352,371 | ||||
115,000 |
Raytheon Technologies Corp., 7.00%, 11/1/28 | 124,585 | ||||
4,691,000 |
Raytheon Technologies Corp., 4.13%, 11/16/28, Callable 8/16/28 @ 100 | 4,619,068 | ||||
758,000 |
Raytheon Technologies Corp., 2.38%, 3/15/32, Callable 12/15/31 @ 100 | 636,617 |
See accompanying notes to the schedules of portfolio investments.
75
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Aerospace & Defense, continued |
||||||
$415,000 | Raytheon Technologies Corp., 4.20%, 12/15/44, Callable 6/15/44 @ 100 | $ | 352,326 | |||
709,000 | Raytheon Technologies Corp., 4.35%, 4/15/47, Callable 10/15/46 @ 100 | 639,731 | ||||
469,000 | Raytheon Technologies Corp., 4.05%, 5/4/47, Callable 11/4/46 @ 100 | 405,460 | ||||
1,426,000 | Raytheon Technologies Corp., 4.63%, 11/16/48, Callable 5/16/48 @ 100 | 1,336,735 | ||||
4,038,000 | Raytheon Technologies Corp., 2.82%, 9/1/51, Callable 3/1/51 @ 100 | 2,777,159 | ||||
1,589,000 | Raytheon Technologies Corp., 3.03%, 3/15/52, Callable 9/15/51 @ 100 | 1,137,784 | ||||
350,000 | Raytheon Technologies Corp., 5.38%, 2/27/53, Callable 8/27/52 @ 100 | 366,426 | ||||
589,000 | Textron, Inc., 3.65%, 3/15/27, Callable 12/15/26 @ 100 | 557,499 | ||||
1,136,000 | Textron, Inc., 3.38%, 3/1/28, Callable 12/1/27 @ 100 | 1,057,421 | ||||
872,000 | Textron, Inc., 3.90%, 9/17/29, Callable 6/17/29 @ 100 | 822,584 | ||||
507,000 | Textron, Inc., 3.00%, 6/1/30, Callable 3/1/30 @ 100 | 448,949 | ||||
1,611,000 | The Boeing Co., 3.95%, 8/1/59, Callable 2/1/59 @ 100 | 1,173,939 | ||||
|
|
|||||
45,159,912 | ||||||
|
|
|||||
Air Freight & Logistics (0.0%): |
||||||
695,000 | United Parcel Service, Inc., 0.38%, 11/15/23, Callable 8/15/23 @ 100 | 739,910 | ||||
|
|
|||||
Automobile Components (0.0%): |
||||||
921,000 | General Motors Co., 5.40%, 10/15/29, Callable 8/15/29 @ 100 | 908,161 | ||||
|
|
|||||
Banks (2.1%): |
||||||
1,190,000 | Bank of America Corp., 1.32% (SOFR+115 bps), 6/19/26, Callable 6/19/25 @ 100, MTN | 1,088,171 | ||||
3,484,000 | Bank of America Corp., 1.20% (SOFR+101 bps), 10/24/26, Callable 10/24/25 @ 100, MTN | 3,127,005 | ||||
1,662,000 | Bank of America Corp., 2.55% (SOFR+105 bps), 2/4/28, Callable 2/4/27 @ 100 | 1,512,924 | ||||
13,460,000 | Bank of America Corp., 3.42% (US0003M+104 bps), 12/20/28, Callable 12/20/27 @ 100 | 12,515,471 | ||||
1,766,000 | Bank of America Corp., 3.97% (US0003M+107 bps), 3/5/29, Callable 3/5/28 @ 100, MTN | 1,673,534 | ||||
938,000 | Bank of America Corp., 3.97% (US0003M+121 bps), 2/7/30, Callable 2/7/29 @ 100, MTN | 877,814 | ||||
2,814,000 | Bank of America Corp., 3.19% (US0003M+118 bps), 7/23/30, Callable 7/23/29 @ 100, MTN | 2,504,964 | ||||
5,570,000 | Bank of America Corp., 2.50% (US0003M+99 bps), 2/13/31, Callable 2/13/30 @ 100, MTN | 4,709,496 | ||||
939,000 | Bank of America Corp., 0.65% (EUR003M+94 bps), 10/26/31, Callable 10/26/30 @ 100, MTN(a) | 787,515 | ||||
1,309,000 | Bank of America Corp., 2.30% (SOFR+122 bps), 7/21/32, Callable 7/21/31 @ 100 | 1,050,411 | ||||
2,295,000 | Citigroup, Inc., 3.98% (US0003M+134 bps), 3/20/30, Callable 3/20/29 @ 100 | 2,132,390 | ||||
3,384,000 | Citigroup, Inc., 2.98% (SOFR+142 bps), 11/5/30, Callable 11/5/29 @ 100 | 2,954,824 | ||||
1,998,000 | Citigroup, Inc., 6.27% (SOFR+234 bps), 11/17/33, Callable 11/17/32 @ 100 | 2,152,729 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Banks, continued |
||||||
$1,271,000 | JPMorgan Chase & Co., 3.56% (US0003M+73 bps), 4/23/24, Callable 4/23/23 @ 100 | $ | 1,266,465 | |||
1,962,000 | JPMorgan Chase & Co., 3.96% (US0003M+125 bps), 1/29/27, Callable 1/29/26 @ 100 | 1,893,640 | ||||
863,000 | JPMorgan Chase & Co., 3.78% (US0003M+134 bps), 2/1/28, Callable 2/1/27 @ 100 | 822,525 | ||||
971,000 | JPMorgan Chase & Co., 2.95% (SOFR+117 bps), 2/24/28, Callable 2/24/27 @ 100 | 900,039 | ||||
460,000 | JPMorgan Chase & Co., 4.01% (US0003M+112 bps), 4/23/29, Callable 4/23/28 @ 100 | 439,356 | ||||
5,193,000 | JPMorgan Chase & Co., 3.70% (US0003M+116 bps), 5/6/30, Callable 5/6/29 @ 100 | 4,826,089 | ||||
14,441,000 | JPMorgan Chase & Co., 2.96% (SOFR+126 bps), 1/25/33, Callable 1/25/32 @ 100 | 12,270,142 | ||||
1,665,000 | JPMorgan Chase & Co., 4.59% (SOFR+180 bps), 4/26/33, Callable 4/26/32 @ 100 | 1,603,160 | ||||
3,030,000 | Wells Fargo & Co., 3.53% (SOFR+151 bps), 3/24/28, Callable 3/24/27 @ 100 | 2,856,075 | ||||
798,000 | Wells Fargo & Co., 3.58% (US0003M+131 bps), 5/22/28, Callable 5/22/27 @ 100, MTN | 751,669 | ||||
|
|
|||||
64,716,408 | ||||||
|
|
|||||
Beverages (0.1%): |
||||||
303,000 | Anheuser-Busch InBev Finance, Inc., 4.63%, 2/1/44 | 288,494 | ||||
225,000 | Anheuser-Busch InBev Worldwide, Inc., 4.75%, 1/23/29, Callable 10/23/28 @ 100 | 229,443 | ||||
1,305,000 | Anheuser-Busch InBev Worldwide, Inc., 3.50%, 6/1/30, Callable 3/1/30 @ 100 | 1,229,259 | ||||
757,000 | Anheuser-Busch InBev Worldwide, Inc., 4.50%, 6/1/50, Callable 12/1/49 @ 100 | 707,579 | ||||
|
|
|||||
2,454,775 | ||||||
|
|
|||||
Biotechnology (0.7%): |
||||||
2,680,000 | AbbVie, Inc., 4.55%, 3/15/35, Callable 9/15/34 @ 100 | 2,609,987 | ||||
3,598,000 | AbbVie, Inc., 4.50%, 5/14/35, Callable 11/14/34 @ 100 | 3,474,326 | ||||
666,000 | AbbVie, Inc., 4.40%, 11/6/42 | 607,394 | ||||
458,000 | AbbVie, Inc., 4.85%, 6/15/44, Callable 12/15/43 @ 100 | 437,806 | ||||
4,218,000 | Amgen, Inc., 5.15%, 3/2/28, Callable 2/2/28 @ 100 | 4,303,693 | ||||
717,000 | Amgen, Inc., 4.05%, 8/18/29, Callable 6/18/29 @ 100 | 691,797 | ||||
355,000 | Amgen, Inc., 2.45%, 2/21/30, Callable 11/21/29 @ 100 | 308,453 | ||||
844,000 | Amgen, Inc., 5.25%, 3/2/30, Callable 1/2/30 @ 100 | 862,028 | ||||
403,000 | Amgen, Inc., 4.20%, 2/22/52, Callable 8/22/51 @ 100 | 340,868 | ||||
862,000 | Amgen, Inc., 5.65%, 3/2/53, Callable 9/2/52 @ 100 | 893,995 | ||||
1,097,000 | Amgen, Inc., 4.40%, 2/22/62, Callable 8/22/61 @ 100 | 916,279 | ||||
765,000 | Amgen, Inc., 5.75%, 3/2/63, Callable 9/2/62 @ 100 | 790,913 | ||||
696,000 | Biogen, Inc., 2.25%, 5/1/30, Callable 2/1/30 @ 100 | 585,359 | ||||
1,699,000 | Gilead Sciences, Inc., 2.60%, 10/1/40, Callable 4/1/40 @ 100 | 1,246,492 | ||||
1,703,000 | Gilead Sciences, Inc., 4.80%, 4/1/44, Callable 10/1/43 @ 100 | 1,646,617 | ||||
486,000 | Gilead Sciences, Inc., 4.50%, 2/1/45, Callable 8/1/44 @ 100 | 451,983 | ||||
|
|
|||||
20,167,990 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
76
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Broadline Retail (0.2%): |
||||||
$6,370,000 | Amazon.com, Inc., 4.70%, 12/1/32, Callable 9/1/32 @ 100 | $ | 6,532,594 | |||
572,000 | Amazon.com, Inc., 4.95%, 12/5/44, Callable 6/5/44 @ 100 | 589,879 | ||||
280,000 | eBay, Inc., 6.30%, 11/22/32, Callable 8/22/32 @ 100^ | 303,056 | ||||
|
|
|||||
7,425,529 | ||||||
|
|
|||||
Building Products (0.0%): |
||||||
566,000 | Owens Corning, 4.40%, 1/30/48, Callable 7/30/47 @ 100 | 462,055 | ||||
|
|
|||||
Capital Markets (2.2%): |
||||||
347,000 | Credit Suisse USA, Inc., 7.13%, 7/15/32 | 384,736 | ||||
2,111,000 | FactSet Research Systems, 3.45%, 3/1/32, Callable 12/1/31 @ 100 | 1,827,729 | ||||
1,580,000 | Goldman Sachs Group, Inc. (The), 0.66% (SOFR+51 bps), 9/10/24, Callable 9/10/23 @ 100 | 1,543,632 | ||||
1,234,000 | Goldman Sachs Group, Inc. (The), 6.03% (US0003M+117 bps), 5/15/26, Callable 5/15/25 @ 100 | 1,221,544 | ||||
7,980,000 | Goldman Sachs Group, Inc. (The), 2.64% (SOFR+111 bps), 2/24/28, Callable 2/24/27 @ 100 | 7,289,155 | ||||
952,000 | Goldman Sachs Group, Inc. (The), 4.48% (SOFR+173 bps), 8/23/28, Callable 8/23/27 @ 100 | 929,392 | ||||
887,000 | Goldman Sachs Group, Inc. (The), 3.81% (US0003M+116 bps), 4/23/29, Callable 4/23/28 @ 100 | 833,288 | ||||
3,498,000 | Goldman Sachs Group, Inc. (The), 4.22% (US0003M+130 bps), 5/1/29, Callable 5/1/28 @ 100 | 3,338,453 | ||||
2,331,000 | Goldman Sachs Group, Inc. (The), 2.62% (SOFR+128 bps), 4/22/32, Callable 4/22/31 @ 100 | 1,926,884 | ||||
1,406,000 | Goldman Sachs Group, Inc. (The), 2.38% (SOFR+125 bps), 7/21/32, Callable 7/21/31 @ 100 | 1,141,346 | ||||
1,575,000 | Goldman Sachs Group, Inc. (The), 2.65% (SOFR+126 bps), 10/21/32, Callable 10/21/31 @ 100 | 1,289,749 | ||||
917,000 | Goldman Sachs Group, Inc. (The), 3.10% (SOFR+141 bps), 2/24/33, Callable 2/24/32 @ 100 | 780,879 | ||||
716,000 | Intercontinental Exchange, Inc., 2.10%, 6/15/30, Callable 3/15/30 @ 100 | 601,600 | ||||
393,000 | Moodys Corp., 2.00%, 8/19/31, Callable 5/19/31 @ 100 | 320,723 | ||||
1,725,000 | Moodys Corp., 4.25%, 8/8/32, Callable 5/8/32 @ 100 | 1,653,364 | ||||
366,000 | Moodys Corp., 2.55%, 8/18/60, Callable 2/18/60 @ 100 | 210,120 | ||||
1,165,000 | Moodys Corp., 3.10%, 11/29/61, Callable 5/29/61 @ 100 | 762,213 | ||||
520,000 | Morgan Stanley, 0.73% (SOFR+62 bps), 4/5/24 | 519,928 | ||||
5,121,000 | Morgan Stanley, 1.59% (SOFR+88 bps), 5/4/27, Callable 5/4/26 @ 100 | 4,603,728 | ||||
4,092,000 | Morgan Stanley, 3.59% (US0003M+134 bps), 7/22/28, Callable 7/22/27 @ 100 | 3,845,428 | ||||
6,894,000 | Morgan Stanley, 3.77% (US0003M+114 bps), 1/24/29, Callable 1/24/28 @ 100 | 6,496,947 | ||||
6,356,000 | Morgan Stanley, 5.12% (SOFR+173 bps), 2/1/29, Callable 2/1/28 @ 100 | 6,362,922 |
Principal Amount | Value | |||||||
Corporate Bonds, continued |
||||||||
Capital Markets, continued |
||||||||
$810,000 | Morgan Stanley, 4.66% (EUR003M+130 bps), 3/2/29, Callable 3/2/28 @ 100 | $ | 893,655 | |||||
528,000 | Morgan Stanley, Series G, 4.43% (US0003M+163 bps), 1/23/30, Callable 1/23/29 @ 100, MTN | 505,708 | ||||||
10,203,000 | Morgan Stanley, 2.70% (SOFR+114 bps), 1/22/31, Callable 1/22/30 @ 100, MTN | 8,775,253 | ||||||
1,460,000 | Morgan Stanley, 0.50% (EUR003M+72 bps), 2/7/31, Callable 2/7/30 @ 100 | 1,241,424 | ||||||
4,982,000 | Morgan Stanley, 3.62% (SOFR+312 bps), 4/1/31, Callable 4/1/30 @ 100 | 4,551,914 | ||||||
4,331,000 | Morgan Stanley, 1.79% (SOFR+1 bps), 2/13/32, Callable 2/13/31 @ 100, MTN | 3,378,938 | ||||||
324,000 | S&P Global, Inc., 2.95%, 1/22/27, Callable 10/22/26 @ 100 | 310,742 | ||||||
661,000 | State Street Corp., Series F, 8.46% (US0003M+360 bps), Callable 6/15/23 @ 100 | 652,737 | ||||||
725,000 | State Street Corp., Series H, 5.63% (US0003M+254 bps), 12/31/99, Callable 12/15/23 @ 100^ | 676,062 | ||||||
|
|
|||||||
68,870,193 | ||||||||
|
|
|||||||
Chemicals (0.0%): |
||||||||
426,000 | DowDuPont, Inc., 4.49%, 11/15/25, Callable 9/15/25 @ 100 | 424,428 | ||||||
525,000 | Ecolab, Inc., 2.75%, 8/18/55, Callable 2/18/55 @ 100 | 333,869 | ||||||
493,000 | Westlake Chemical Corp., 3.38%, 8/15/61, Callable 2/15/61 @ 100 | 303,734 | ||||||
|
|
|||||||
1,062,031 | ||||||||
|
|
|||||||
Commercial Services & Supplies (0.0%): |
||||||||
252,000 | Waste Management, Inc., 1.15%, 3/15/28, Callable 1/15/28 @ 100 | 215,069 | ||||||
107,000 | Waste Management, Inc., 2.95%, 6/1/41, Callable 12/1/40 @ 100 | 81,814 | ||||||
|
|
|||||||
296,883 | ||||||||
|
|
|||||||
Communication Services (0.0%): |
||||||||
533,000 | Warnermedia Holdings, Inc., 5.05%, 3/15/42, Callable 9/15/41 @ 100(a) | 444,779 | ||||||
|
|
|||||||
Communications Equipment (0.4%): |
||||||||
236,000 | Motorola Solutions, Inc., 4.60%, 2/23/28, Callable 11/23/27 @ 100 | 232,637 | ||||||
3,707,000 | Motorola Solutions, Inc., 4.60%, 5/23/29, Callable 2/23/29 @ 100 | 3,573,348 | ||||||
2,311,000 | Motorola Solutions, Inc., 2.30%, 11/15/30, Callable 8/15/30 @ 100 | 1,875,337 | ||||||
2,834,000 | Motorola Solutions, Inc., 2.75%, 5/24/31, Callable 2/24/31 @ 100 | 2,327,573 | ||||||
2,966,000 | Motorola Solutions, Inc., 5.60%, 6/1/32, Callable 3/1/32 @ 100 | 2,972,736 | ||||||
345,000 | Motorola Solutions, Inc., 5.50%, 9/1/44 | 327,837 | ||||||
|
|
|||||||
11,309,468 | ||||||||
|
|
|||||||
Consumer Finance (0.2%): |
||||||||
1,491,000 | Capital One Financial Corp., 3.27% (SOFR+179 bps), 3/1/30, Callable 3/1/29 @ 100 | 1,265,028 | ||||||
2,207,000 | Capital One Financial Corp., 5.82% (SOFRRATE+260 bps), 2/1/34, Callable 2/1/33 @ 100 | 2,139,005 |
See accompanying notes to the schedules of portfolio investments.
77
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Consumer Finance, continued |
||||||
$2,579,000 | General Motors Financial Co., Inc., 4.35%, 4/9/25, Callable 2/9/25 @ 100 | $ | 2,531,405 | |||
965,000 | General Motors Financial Co., Inc., 3.60%, 6/21/30, Callable 3/21/30 @ 100 | 840,557 | ||||
749,000 | Synchrony Bank, 5.63%, 8/23/27, Callable 7/23/27 @ 100 | 684,020 | ||||
|
|
|||||
7,460,015 | ||||||
|
|
|||||
Consumer Staples products (0.0%): |
||||||
745,000 | Kenvue, Inc., 5.20%, 3/22/63, Callable 9/22/62 @ 100(a) | 770,890 | ||||
|
|
|||||
Containers & Packaging (0.1%): |
||||||
1,557,000 | Amcor Flexibles North America, Inc., 2.69%, 5/25/31, Callable 2/25/31 @ 100 | 1,282,840 | ||||
349,000 | International Paper Co., 4.80%, 6/15/44, Callable 12/15/43 @ 100 | 317,845 | ||||
|
|
|||||
1,600,685 | ||||||
|
|
|||||
Diversified Consumer Services (0.0%): |
||||||
145,000 | California Institute of Technology, 4.32%, 8/1/45 | 133,715 | ||||
360,000 | Massachusetts Institute of Technology, 4.68%, 7/1/14 | 330,162 | ||||
|
|
|||||
463,877 | ||||||
|
|
|||||
Diversified REITs (0.9%): |
||||||
2,382,000 | American Tower Corp., 2.95%, 1/15/25, Callable 12/15/24 @ 100 | 2,293,585 | ||||
3,000,000 | American Tower Corp., 0.45%, 1/15/27, Callable 11/15/26 @ 100 | 2,838,446 | ||||
810,000 | American Tower Corp., 0.40%, 2/15/27, Callable 12/15/26 @ 100 | 758,976 | ||||
244,000 | American Tower Corp., 3.65%, 3/15/27, Callable 2/15/27 @ 100 | 231,192 | ||||
1,405,000 | American Tower Corp., 1.50%, 1/31/28, Callable 11/30/27 @ 100^ | 1,195,616 | ||||
1,504,000 | American Tower Corp., 2.30%, 9/15/31, Callable 6/15/31 @ 100 | 1,205,321 | ||||
232,000 | Crown Castle International Corp., 3.15%, 7/15/23, Callable 6/15/23 @ 100 | 230,255 | ||||
592,000 | Crown Castle International Corp., 2.90%, 3/15/27, Callable 2/15/27 @ 100 | 548,578 | ||||
829,000 | Crown Castle International Corp., 3.10%, 11/15/29, Callable 8/15/29 @ 100 | 731,098 | ||||
4,217,000 | Crown Castle International Corp., 2.25%, 1/15/31, Callable 10/15/30 @ 100 | 3,497,963 | ||||
2,396,000 | Crown Castle International Corp., 2.50%, 7/15/31, Callable 4/15/31 @ 100 | 1,998,801 | ||||
3,046,000 | Crown Castle, Inc., 2.10%, 4/1/31, Callable 1/1/31 @ 100 | 2,470,644 | ||||
2,070,000 | Equinix, Inc., 2.00%, 5/15/28, Callable 3/15/28 @ 100 | 1,768,767 | ||||
2,352,000 | Equinix, Inc., 3.20%, 11/18/29, Callable 8/18/29 @ 100 | 2,091,989 | ||||
265,000 | Kimco Realty Corp., 4.60%, 2/1/33, Callable 11/1/32 @ 100 | 247,967 | ||||
534,000 | Kimco Realty OP LLC, 2.25%, 12/1/31, Callable 9/1/31 @ 100 | 412,865 | ||||
593,000 | National Retail Properties, Inc., 3.10%, 4/15/50, Callable 10/15/49 @ 100 | 366,451 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Diversified REITs, continued |
||||||
$1,548,000 | National Retail Properties, Inc., 3.50%, 4/15/51, Callable 10/15/50 @ 100 | $ | 1,041,886 | |||
402,000 | National Retail Properties, Inc., 3.00%, 4/15/52, Callable 10/15/51 @ 100 | 252,102 | ||||
1,892,000 | Prologis LP, 1.75%, 2/1/31, Callable 11/1/30 @ 100 | 1,526,150 | ||||
1,081,000 | Realty Income Corp., 3.25%, 1/15/31, Callable 10/15/30 @ 100 | 944,524 | ||||
350,000 | WP Carey, Inc., 2.40%, 2/1/31, Callable 11/1/30 @ 100 | 283,735 | ||||
|
|
|||||
26,936,911 | ||||||
|
|
|||||
Diversified Telecommunication Services (1.0%): |
||||||
2,891,000 | AT&T, Inc., 4.10%, 2/15/28, Callable 11/15/27 @ 100 | 2,812,946 | ||||
2,456,000 | AT&T, Inc., 4.30%, 2/15/30, Callable 11/15/29 @ 100 | 2,388,337 | ||||
658,000 | AT&T, Inc., 2.75%, 6/1/31, Callable 3/1/31 @ 100 | 566,689 | ||||
1,296,000 | AT&T, Inc., 4.50%, 5/15/35, Callable 11/15/34 @ 100 | 1,209,969 | ||||
767,000 | AT&T, Inc., 3.50%, 6/1/41, Callable 12/1/40 @ 100 | 601,387 | ||||
806,000 | AT&T, Inc., 4.75%, 5/15/46, Callable 11/15/45 @ 100 | 722,003 | ||||
1,000,000 | AT&T, Inc., 3.65%, 6/1/51, Callable 12/1/50 @ 100 | 750,115 | ||||
1,892,000 | AT&T, Inc., 3.55%, 9/15/55, Callable 3/15/55 @ 100 | 1,346,765 | ||||
876,000 | AT&T, Inc., 3.80%, 12/1/57, Callable 6/1/57 @ 100 | 648,833 | ||||
3,055,000 | AT&T, Inc., 3.65%, 9/15/59, Callable 3/15/59 @ 100 | 2,157,056 | ||||
849,000 | AT&T, Inc., 3.50%, 2/1/61, Callable 8/1/60 @ 100 | 597,304 | ||||
2,965,000 | Verizon Communications, Inc., 3.15%, 3/22/30, Callable 12/22/29 @ 100 | 2,692,617 | ||||
1,836,000 | Verizon Communications, Inc., 1.68%, 10/30/30, Callable 7/30/30 @ 100 | 1,474,385 | ||||
4,492,000 | Verizon Communications, Inc., 2.55%, 3/21/31, Callable 12/21/30 @ 100 | 3,803,960 | ||||
3,079,000 | Verizon Communications, Inc., 2.36%, 3/15/32, Callable 12/15/31 @ 100 | 2,518,172 | ||||
2,105,000 | Verizon Communications, Inc., 4.50%, 8/10/33 | 2,030,243 | ||||
444,000 | Verizon Communications, Inc., 4.40%, 11/1/34, Callable 5/1/34 @ 100 | 419,409 | ||||
1,273,000 | Verizon Communications, Inc., 4.27%, 1/15/36 | 1,177,039 | ||||
2,288,000 | Verizon Communications, Inc., 2.65%, 11/20/40, Callable 5/20/40 @ 100 | 1,623,151 | ||||
420,000 | Verizon Communications, Inc., 3.70%, 3/22/61, Callable 9/22/60 @ 100 | 310,486 | ||||
|
|
|||||
29,850,866 | ||||||
|
|
|||||
Electric Utilities (2.7%): |
||||||
901,000 | AEP Texas, Inc., 3.45%, 5/15/51, Callable 11/15/50 @ 100 | 652,663 | ||||
911,000 | AEP Texas, Inc., 5.25%, 5/15/52, Callable 11/15/51 @ 100 | 885,997 | ||||
221,000 | AEP Transmission Co. LLC, 3.75%, 12/1/47, Callable 6/1/47 @ 100 | 181,321 | ||||
565,000 | AEP Transmission Co. LLC, 3.15%, 9/15/49, Callable 3/15/49 @ 100 | 409,631 | ||||
269,000 | AEP Transmission Co. LLC, 3.65%, 4/1/50, Callable 10/1/49 @ 100 | 211,929 | ||||
557,000 | AEP Transmission Co. LLC, 2.75%, 8/15/51, Callable 2/15/51 @ 100 | 368,250 |
See accompanying notes to the schedules of portfolio investments.
78
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Electric Utilities, continued |
||||||
$958,000 | AEP Transmission Co. LLC, 5.40%, 3/15/53, Callable 9/15/52 @ 100 | $ | 988,199 | |||
643,000 | Alabama Power Co., 3.45%, 10/1/49, Callable 4/1/49 @ 100 | 480,032 | ||||
908,000 | Alabama Power Co., 3.00%, 3/15/52, Callable 9/15/51 @ 100 | 617,138 | ||||
1,716,000 | American Transmission Systems, Inc., 2.65%, 1/15/32, Callable 10/15/31 @ 100(a) | 1,441,202 | ||||
1,216,000 | Baltimore Gas & Electric Co., 3.75%, 8/15/47, Callable 2/15/47 @ 100 | 982,867 | ||||
642,000 | Baltimore Gas & Electric Co., 3.20%, 9/15/49, Callable 3/15/49 @ 100 | 470,870 | ||||
750,000 | Commonwealth Edison Co., 3.13%, 3/15/51, Callable 9/15/50 @ 100 | 528,183 | ||||
564,000 | Commonwealth Edison Co., 5.30%, 2/1/53, Callable 8/1/52 @ 100 | 578,598 | ||||
119,000 | DTE Electric Co., Series A, 4.05%, 5/15/48, Callable 11/15/47 @ 100 | 101,693 | ||||
1,088,000 | DTE Electric Co., 3.95%, 3/1/49, Callable 9/1/48 @ 100 | 907,582 | ||||
1,498,000 | DTE Electric Co., 5.40%, 4/1/53, Callable 10/1/52 @ 100 | 1,556,569 | ||||
1,186,000 | Duke Energy Carolinas LLC, 4.95%, 1/15/33, Callable 10/15/32 @ 100 | 1,217,243 | ||||
118,000 | Duke Energy Carolinas LLC, 3.75%, 6/1/45, Callable 12/1/44 @ 100 | 95,602 | ||||
718,000 | Duke Energy Carolinas LLC, 3.88%, 3/15/46, Callable 9/15/45 @ 100 | 582,009 | ||||
654,000 | Duke Energy Carolinas LLC, 3.95%, 3/15/48, Callable 9/15/47 @ 100 | 540,893 | ||||
259,000 | Duke Energy Carolinas LLC, 3.45%, 4/15/51, Callable 10/15/50 @ 100 | 195,370 | ||||
758,000 | Duke Energy Carolinas LLC, 5.35%, 1/15/53, Callable 7/15/52 @ 100 | 782,122 | ||||
2,161,000 | Duke Energy Corp., 4.30%, 3/15/28, Callable 2/15/28 @ 100 | 2,103,561 | ||||
2,718,000 | Duke Energy Florida LLC, 2.50%, 12/1/29, Callable 9/1/29 @ 100 | 2,373,790 | ||||
2,209,000 | Duke Energy Florida LLC, 1.75%, 6/15/30, Callable 3/15/30 @ 100 | 1,819,664 | ||||
285,000 | Duke Energy Florida LLC, 4.20%, 7/15/48, Callable 1/15/48 @ 100 | 247,307 | ||||
1,116,000 | Duke Energy Florida LLC, 5.95%, 11/15/52, Callable 5/15/52 @ 100 | 1,235,582 | ||||
365,000 | Duke Energy Ohio, Inc., 5.65%, 4/1/53, Callable 10/1/52 @ 100 | 380,906 | ||||
95,000 | Duke Energy Progress LLC, 3.45%, 3/15/29, Callable 12/15/28 @ 100 | 87,994 | ||||
1,035,000 | Duke Energy Progress LLC, 5.25%, 3/15/33, Callable 12/15/32 @ 100 | 1,073,622 | ||||
1,203,000 | Duke Energy Progress LLC, 4.38%, 3/30/44, Callable 9/30/43 @ 100 | 1,068,266 | ||||
337,000 | Duke Energy Progress LLC, 4.20%, 8/15/45, Callable 2/15/45 @ 100 | 287,989 | ||||
315,000 | Duke Energy Progress LLC, 2.90%, 8/15/51, Callable 2/15/51 @ 100 | 213,887 | ||||
220,000 | Duke Energy Progress, Inc., 5.70%, 4/1/35 | 228,921 | ||||
471,000 | Duke Energy Progress, Inc., 4.10%, 5/15/42, Callable 11/15/41 @ 100 | 404,958 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Electric Utilities, continued |
||||||
$1,905,000 | Edison International, 5.75%, 6/15/27, Callable 4/15/27 @ 100 | $ | 1,937,619 | |||
879,000 | Edison International, 6.95%, 11/15/29, Callable 9/15/29 @ 100 | 949,259 | ||||
258,000 | Entergy Arkansas LLC, 3.35%, 6/15/52, Callable 12/15/51 @ 100 | 189,578 | ||||
754,000 | Entergy Louisiana LLC, 1.60%, 12/15/30, Callable 9/15/30 @ 100 | 592,670 | ||||
570,000 | Entergy Louisiana LLC, 2.35%, 6/15/32, Callable 3/15/32 @ 100 | 465,245 | ||||
511,000 | Entergy Louisiana LLC, 2.90%, 3/15/51, Callable 9/15/50 @ 100 | 343,469 | ||||
784,000 | Entergy Mississippi LLC, 3.85%, 6/1/49, Callable 12/1/48 @ 100 | 617,692 | ||||
868,000 | Evergy Kansas Central, Inc., 5.70%, 3/15/53, Callable 9/15/52 @ 100 | 907,982 | ||||
3,097,000 | Eversource Energy, 5.45%, 3/1/28, Callable 2/1/28 @ 100 | 3,205,590 | ||||
1,208,000 | Exelon Corp., 2.75%, 3/15/27, Callable 2/15/27 @ 100 | 1,129,084 | ||||
4,703,000 | Exelon Corp., 5.15%, 3/15/28, Callable 2/15/28 @ 100 | 4,767,229 | ||||
1,067,000 | Exelon Corp., 5.63%, 6/15/35 | 1,101,879 | ||||
483,000 | Exelon Corp., 5.10%, 6/15/45, Callable 12/15/44 @ 100 | 455,913 | ||||
506,000 | Exelon Corp., 5.60%, 3/15/53, Callable 9/15/52 @ 100 | 513,463 | ||||
193,000 | FirstEnergy Corp., 2.05%, 3/1/25, Callable 2/1/25 @ 100 | 179,557 | ||||
636,000 | FirstEnergy Corp., Series C, 3.40%, 3/1/50, Callable 9/1/49 @ 100 | 443,457 | ||||
505,000 | FirstEnergy Transmission LLC, 4.35%, 1/15/25, Callable 10/15/24 @ 100(a) | 496,374 | ||||
637,000 | FirstEnergy Transmission LLC, 4.55%, 4/1/49, Callable 10/1/48 @ 100(a) | 536,749 | ||||
298,000 | Florida Power & Light Co., 3.70%, 12/1/47, Callable 6/1/47 @ 100 | 242,397 | ||||
449,000 | Florida Power & Light Co., 3.99%, 3/1/49, Callable 9/1/48 @ 100 | 381,110 | ||||
1,120,000 | Florida Power & Light Co., 3.15%, 10/1/49, Callable 4/1/49 @ 100 | 837,758 | ||||
620,000 | Idaho Power Co., 5.50%, 3/15/53, Callable 9/15/52 @ 100, MTN | 642,086 | ||||
1,472,000 | Kentucky Utilities Co., 5.45%, 4/15/33, Callable 1/15/33 @ 100 | 1,528,841 | ||||
575,000 | Metropolitan Edison Co., 5.20%, 4/1/28, Callable 3/1/28 @ 100(a) | 580,449 | ||||
658,000 | MidAmerican Energy Co., 3.10%, 5/1/27, Callable 2/1/27 @ 100 | 619,829 | ||||
1,639,000 | MidAmerican Energy Co., 3.65%, 4/15/29, Callable 1/15/29 @ 100 | 1,550,456 | ||||
399,000 | MidAmerican Energy Co., 3.15%, 4/15/50, Callable 10/15/49 @ 100 | 289,196 | ||||
1,566,000 | Northern States Power Co., 2.90%, 3/1/50, Callable 9/1/49 @ 100 | 1,089,789 | ||||
311,000 | Northern States Power Co., 2.60%, 6/1/51, Callable 12/1/50 @ 100 | 204,019 | ||||
174,000 | Northern States Power Co., 3.20%, 4/1/52, Callable 10/1/51 @ 100 | 127,645 |
See accompanying notes to the schedules of portfolio investments.
79
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Electric Utilities, continued |
||||||
$299,000 | NRG Energy, Inc., 2.45%, 12/2/27, Callable 10/2/27 @ 100(a) | $ | 253,684 | |||
715,000 | NRG Energy, Inc., 4.45%, 6/15/29, Callable 3/15/29 @ 100(a) | 650,650 | ||||
244,000 | Ohio Power Co., 2.60%, 4/1/30, Callable 1/1/30 @ 100 | 211,254 | ||||
704,000 | Ohio Power Co., 1.63%, 1/15/31, Callable 10/15/30 @ 100 | 556,744 | ||||
362,000 | Ohio Power Co., 4.00%, 6/1/49, Callable 12/1/48 @ 100 | 299,063 | ||||
301,000 | Ohio Power Co., 2.90%, 10/1/51, Callable 4/1/51 @ 100 | 198,941 | ||||
874,000 | Oklahoma Gas and Electric Co., 5.60%, 4/1/53, Callable 10/1/52 @ 100 | 895,203 | ||||
1,185,000 | Oncor Electric Delivery Co. LLC, 3.70%, 11/15/28, Callable 8/15/28 @ 100 | 1,135,820 | ||||
1,124,000 | Oncor Electric Delivery Co. LLC, 2.75%, 5/15/30, Callable 2/15/30 @ 100 | 997,076 | ||||
1,144,000 | Oncor Electric Delivery Co. LLC, 4.55%, 9/15/32, Callable 6/15/32 @ 100 | 1,137,319 | ||||
271,000 | Oncor Electric Delivery Co. LLC, 3.80%, 9/30/47, Callable 3/30/47 @ 100 | 225,597 | ||||
383,000 | Oncor Electric Delivery Co. LLC, 4.10%, 11/15/48, Callable 5/15/48 @ 100 | 331,205 | ||||
1,180,000 | Pacific Gas and Electric Co., 6.15%, 1/15/33, Callable 10/15/32 @ 100 | 1,210,943 | ||||
728,000 | Pacific Gas and Electric Co., 3.50%, 8/1/50, Callable 2/1/50 @ 100 | 475,643 | ||||
375,000 | Pacific Gas and Electric Co., 6.70%, 4/1/53, Callable 10/1/52 @ 100 | 383,279 | ||||
350,000 | PacifiCorp., 4.15%, 2/15/50, Callable 8/15/49 @ 100 | 294,785 | ||||
614,000 | PECO Energy Co., 3.05%, 3/15/51, Callable 9/15/50 @ 100 | 428,054 | ||||
460,000 | PECO Energy Co., 2.85%, 9/15/51, Callable 3/15/51 @ 100 | 310,372 | ||||
425,000 | Pennsylvania Electric Co., 5.15%, 3/30/26(a) | 426,636 | ||||
535,000 | Public Service Electric & Gas Co., 3.65%, 9/1/28, Callable 6/1/28 @ 100 | 509,421 | ||||
340,000 | Public Service Electric & Gas Co., 2.05%, 8/1/50, Callable 2/1/50 @ 100, MTN | 197,091 | ||||
325,000 | Public Service Electric and Gas Co., 3.70%, 5/1/28, Callable 2/1/28 @ 100, MTN | 311,890 | ||||
705,000 | Public Service Electric and Gas Co., 2.45%, 1/15/30, Callable 10/15/29 @ 100, MTN | 614,914 | ||||
525,000 | Public Service Electric and Gas Co., 4.90%, 12/15/32, Callable 9/15/32 @ 100 | 534,794 | ||||
1,865,000 | Southern California Edison Co., Series E, 3.70%, 8/1/25, Callable 6/1/25 @ 100 | 1,812,276 | ||||
1,719,000 | Southern California Edison Co., Series 20C, 1.20%, 2/1/26, Callable 1/1/26 @ 100 | 1,543,743 | ||||
742,000 | Southern California Edison Co., 2.75%, 2/1/32, Callable 11/1/31 @ 100 | 633,267 | ||||
3,032,000 | Southern California Edison Co., 5.95%, 11/1/32, Callable 8/1/32 @ 100 | 3,266,731 | ||||
4,774,000 | Southern Co. (The), 1.88% (EUSA5+211 bps), 9/15/81, Callable 6/15/27 @ 100 | 4,070,353 | ||||
935,000 | Southwestern Electric Power Co., 5.30%, 4/1/33, Callable 1/1/33 @ 100 | 941,173 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Electric Utilities, continued |
||||||
$1,299,000 | Southwestern Public Service Co., 3.15%, 5/1/50, Callable 11/1/49 @ 100 | $ | 932,212 | |||
215,000 | Tampa Electric Co., 4.20%, 5/15/45, Callable 11/15/44 @ 100 | 170,640 | ||||
3,000 | Tampa Electric Co., 4.45%, 6/15/49, Callable 12/15/48 @ 100 | 2,602 | ||||
850,000 | Union Electric Co., 5.45%, 3/15/53, Callable 9/15/52 @ 100 | 884,010 | ||||
381,000 | Virginia Electric & Power Co., Series A, 6.00%, 5/15/37 | 406,749 | ||||
451,000 | Virginia Electric & Power Co., Series D, 4.65%, 8/15/43, Callable 2/15/43 @ 100 | 407,037 | ||||
715,000 | Virginia Electric and Power Co., Series B, 4.20%, 5/15/45, Callable 11/15/44 @ 100 | 599,718 | ||||
1,362,000 | Wisconsin Power and Light Co., 4.95%, 4/1/33, Callable 1/1/33 @ 100 | 1,360,261 | ||||
|
|
|||||
82,849,944 | ||||||
|
|
|||||
Financial Services (0.2%): |
||||||
354,000 | BP Capital Markets America, Inc., 2.72%, 1/12/32, Callable 10/12/31 @ 100 | 307,621 | ||||
2,930,000 | BP Capital Markets America, Inc., 4.81%, 2/13/33, Callable 11/13/32 @ 100 | 2,972,485 | ||||
1,708,000 | Federal National Mortgage Association, 1.55%, 8/24/35, Callable 8/24/23 @ 100 | 1,225,666 | ||||
295,000 | Franciscan Missionaries of Our Lady Health System, Inc., Series B, 3.91%, 7/1/49, Callable 1/1/49 @ 100 | 229,133 | ||||
790,000 | Glencore Funding LLC, 3.88%, 10/27/27, Callable 7/27/27 @ 100(a) | 748,111 | ||||
1,007,000 | Global Payments, Inc., 5.30%, 8/15/29, Callable 6/15/29 @ 100 | 985,780 | ||||
|
|
|||||
6,468,796 | ||||||
|
|
|||||
Food Products (0.0%): |
||||||
420,000 | General Mills, Inc., 0.45%, 1/15/26, Callable 10/15/25 @ 100 | 417,700 | ||||
|
|
|||||
Gas Utilities (0.1%): |
||||||
262,000 | Atmos Energy Corp., 4.13%, 10/15/44, Callable 4/15/44 @ 100 | 226,906 | ||||
500,000 | Piedmont Natural Gas Co., Inc., 2.50%, 3/15/31, Callable 12/15/30 @ 100 | 414,865 | ||||
1,490,000 | Southwest Gas Corp., 5.45%, 3/23/28, Callable 2/23/28 @ 100 | 1,499,845 | ||||
315,000 | Spire Missouri, Inc., 4.80%, 2/15/33, Callable 11/15/32 @ 100 | 314,261 | ||||
|
|
|||||
2,455,877 | ||||||
|
|
|||||
Ground Transportation (0.8%): |
||||||
1,369,000 | Burlington Northern Santa Fe LLC, 4.15%, 12/15/48, Callable 6/15/48 @ 100 | 1,199,015 | ||||
855,000 | Burlington Northern Santa Fe LLC, 3.05%, 2/15/51, Callable 8/15/50 @ 100 | 621,523 | ||||
685,000 | Burlington Northern Santa Fe LLC, 3.30%, 9/15/51, Callable 3/15/51 @ 100 | 521,171 | ||||
313,000 | Burlington Northern Santa Fe LLC, 2.88%, 6/15/52, Callable 12/15/51 @ 100 | 217,924 | ||||
1,414,000 | CSX Corp., 3.25%, 6/1/27, Callable 3/1/27 @ 100 | 1,348,696 | ||||
376,000 | CSX Corp., 4.50%, 3/15/49, Callable 9/15/48 @ 100 | 339,573 |
See accompanying notes to the schedules of portfolio investments.
80
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Ground Transportation, continued |
| |||||
$1,787,000 | CSX Corp., 4.50%, 11/15/52, Callable 5/15/52 @ 100 | $ | 1,628,888 | |||
1,356,000 | Norfolk Southern Corp., 2.55%, 11/1/29, Callable 8/1/29 @ 100 | 1,192,793 | ||||
671,000 | Norfolk Southern Corp., 3.00%, 3/15/32, Callable 12/15/31 @ 100^ | 587,008 | ||||
667,000 | Norfolk Southern Corp., 3.40%, 11/1/49, Callable 5/1/49 @ 100 | 488,589 | ||||
1,107,000 | Norfolk Southern Corp., 3.05%, 5/15/50, Callable 11/15/49 @ 100 | 764,742 | ||||
722,000 | Norfolk Southern Corp., 2.90%, 8/25/51, Callable 2/25/51 @ 100 | 476,887 | ||||
340,000 | Norfolk Southern Corp., 4.55%, 6/1/53, Callable 12/1/52 @ 100 | 304,703 | ||||
563,000 | Norfolk Southern Corp., 3.16%, 5/15/55, Callable 11/15/54 @ 100 | 382,751 | ||||
870,000 | Penske Truck Leasing Co. LP/PTL Finance Corp., 3.90%, 2/1/24, Callable 1/1/24 @ 100(a) | 856,140 | ||||
397,000 | Penske Truck Leasing Co. LP/PTL Finance Corp., 4.45%, 1/29/26, Callable 11/29/25 @ 100(a) | 385,272 | ||||
582,000 | Penske Truck Leasing Co. LP/PTL Finance Corp., 3.40%, 11/15/26, Callable 8/15/26 @ 100(a) | 540,240 | ||||
1,585,000 | Penske Truck Leasing Co. LP/PTL Finance Corp., 5.88%, 11/15/27, Callable 10/15/27 @ 100(a) | 1,610,240 | ||||
1,721,000 | Penske Truck Leasing Co. LP/PTL Finance Corp., 5.70%, 2/1/28, Callable 1/1/28 @ 100(a) | 1,731,825 | ||||
349,000 | Ryder System, Inc., 2.90%, 12/1/26, Callable 10/1/26 @ 100 | 322,590 | ||||
1,521,000 | Ryder System, Inc., 5.65%, 3/1/28, Callable 2/1/28 @ 100 | 1,531,855 | ||||
3,623,000 | Union Pacific Corp., 2.80%, 2/14/32, Callable 12/15/31 @ 100 | 3,172,263 | ||||
352,000 | Union Pacific Corp., 3.38%, 2/14/42, Callable 8/14/41 @ 100 | 288,479 | ||||
2,000 | Union Pacific Corp., 4.50%, 9/10/48, Callable 3/10/48 @ 100 | 1,824 | ||||
966,000 | Union Pacific Corp., 2.95%, 3/10/52, Callable 9/10/51 @ 100 | 678,288 | ||||
1,155,000 | Union Pacific Corp., 4.95%, 9/9/52, Callable 3/9/52 @ 100 | 1,162,079 | ||||
422,000 | Union Pacific Corp., 4.95%, 5/15/53, Callable 11/15/52 @ 100 | 423,397 | ||||
366,025 | Union Pacific Railroad Co., Series 2014-1, 3.23%, 5/14/26 | 350,266 | ||||
|
|
|||||
23,129,021 | ||||||
|
|
|||||
Health Care (0.1%): |
||||||
965,000 | BHSH System Obligated Group, Series 2019-A, 3.49%, 7/15/49, Callable 1/15/49 @ 100 | 731,060 | ||||
610,000 | City of Hope, Series 2013, 5.62%, 11/15/43 | 621,201 | ||||
197,000 | Hoag Memorial Hospital Presbyterian, 3.80%, 7/15/52, Callable 1/15/52 @ 100 | 162,135 | ||||
410,000 | Mount Nittany Medical Center Obligated Group, Series 2022, 3.80%, 11/15/52 | 317,819 | ||||
|
|
|||||
1,832,215 | ||||||
|
|
|||||
Health Care Equipment & Supplies (0.1%): |
||||||
525,000 | Becton Dickinson & Co., 1.40%, 5/24/23, Callable 5/8/23 @ 100 | 567,664 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Health Care Equipment & Supplies, continued |
| |||||
$510,000 | Becton Dickinson & Co., 0.03%, 8/13/25, Callable 7/13/25 @ 100 | $ | 509,685 | |||
835,000 | Becton Dickinson and Co., 4.69%, 2/13/28, Callable 1/13/28 @ 100 | 837,899 | ||||
|
|
|||||
1,915,248 | ||||||
|
|
|||||
Health Care Providers & Services (0.9%): |
| |||||
476,000 | Aetna, Inc., 4.50%, 5/15/42, Callable 11/15/41 @ 100 | 417,882 | ||||
410,000 | Aetna, Inc., 4.75%, 3/15/44, Callable 9/15/43 @ 100 | 372,573 | ||||
275,000 | AHS Hospital Corp., 2.78%, 7/1/51, Callable 1/1/51 @ 100 | 179,750 | ||||
448,000 | Anthem, Inc., 4.55%, 3/1/48, Callable 9/1/47 @ 100 | 405,137 | ||||
369,000 | Cigna Group (The), 3.40%, 3/1/27, Callable 12/1/26 @ 100 | 352,821 | ||||
350,000 | CommonSpirit Health, 2.78%, 10/1/30, Callable 4/1/30 @ 100 | 299,431 | ||||
130,000 | CommonSpirit Health, 3.82%, 10/1/49, Callable 4/1/49 @ 100 | 100,667 | ||||
498,000 | CVS Health Corp., 5.00%, 12/1/24, Callable 9/1/24 @ 100 | 497,083 | ||||
1,773,000 | CVS Health Corp., 4.30%, 3/25/28, Callable 12/25/27 @ 100 | 1,738,581 | ||||
1,240,000 | Duke University Health, 3.92%, 6/1/47, Callable 12/1/46 @ 100 | 1,051,003 | ||||
415,000 | Elevance Health, Inc., 3.60%, 3/15/51, Callable 9/15/50 @ 100 | 320,750 | ||||
752,000 | Elevance Health, Inc., 6.10%, 10/15/52, Callable 4/15/52 @ 100 | 835,261 | ||||
695,000 | Elevance Health, Inc., 5.13%, 2/15/53, Callable 8/15/52 @ 100 | 691,452 | ||||
294,000 | Evernorth Health, Inc., 4.50%, 2/25/26, Callable 11/27/25 @ 100 | 291,890 | ||||
2,100,000 | HCA, Inc., 5.25%, 4/15/25 | 2,092,125 | ||||
7,174,000 | HCA, Inc., 5.25%, 6/15/26, Callable 12/15/25 @ 100 | 7,156,065 | ||||
430,000 | HCA, Inc., 5.88%, 2/1/29, Callable 8/1/28 @ 100 | 437,525 | ||||
3,183,000 | HCA, Inc., 3.50%, 9/1/30, Callable 3/1/30 @ 100 | 2,824,912 | ||||
1,434,000 | HCA, Inc., 3.50%, 7/15/51, Callable 1/15/51 @ 100 | 990,361 | ||||
964,000 | Humana, Inc., 1.35%, 2/3/27, Callable 1/3/27 @ 100 | 845,861 | ||||
2,266,000 | Humana, Inc., 5.75%, 3/1/28, Callable 2/1/28 @ 100 | 2,348,355 | ||||
221,000 | UnitedHealth Group, Inc., 4.75%, 7/15/45 | 216,158 | ||||
235,000 | UnitedHealth Group, Inc., 4.20%, 1/15/47, Callable 7/15/46 @ 100 | 207,892 | ||||
530,000 | UnitedHealth Group, Inc., 3.75%, 10/15/47, Callable 4/15/47 @ 100 | 442,137 | ||||
1,930,000 | UnitedHealth Group, Inc., 2.90%, 5/15/50, Callable 11/15/49 @ 100 | 1,375,870 | ||||
413,000 | UnitedHealth Group, Inc., 3.25%, 5/15/51, Callable 11/15/50 @ 100 | 310,505 | ||||
792,000 | UnitedHealth Group, Inc., 5.88%, 2/15/53, Callable 8/15/52 @ 100 | 884,606 | ||||
214,000 | UnitedHealth Group, Inc., 4.95%, 5/15/62, Callable 11/15/61 @ 100 | 207,257 |
See accompanying notes to the schedules of portfolio investments.
81
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Health Care Providers & Services, continued |
| |||||
$1,209,000 | UnitedHealth Group, Inc., 6.05%, 2/15/63, Callable 8/15/62 @ 100 | $ | 1,379,163 | |||
|
|
|||||
29,273,073 | ||||||
|
|
|||||
Health Care Technology (0.0%): |
| |||||
766,000 | GE HealthCare Technologies, Inc., 5.60%, 11/15/25, Callable 10/15/25 @ 100(a) | 774,012 | ||||
|
|
|||||
Hotels, Restaurants & Leisure (0.0%): |
| |||||
1,200,000 | McDonalds Corp., Series G, 1.00%, 11/15/23, MTN(a) | 1,282,631 | ||||
|
|
|||||
Industrial Conglomerates (0.0%): |
| |||||
785,000 | 3M Co., Series E, 0.95%, 5/15/23 | 848,917 | ||||
|
|
|||||
Industrial Services (0.0%): |
| |||||
804,000 | Burlington Northern Santa Fe LLC, 4.45%, 1/15/53, Callable 7/15/52 @ 100 | 748,114 | ||||
|
|
|||||
Insurance (0.5%): |
| |||||
775,000 | Aon Corp., 4.50%, 12/15/28, Callable 9/15/28 @ 100 | 757,683 | ||||
1,604,000 | Aon Corp., 3.75%, 5/2/29, Callable 2/2/29 @ 100 | 1,523,863 | ||||
4,315,000 | Aon Corp., 2.80%, 5/15/30, Callable 2/15/30 @ 100 | 3,803,206 | ||||
2,920,000 | Aon Corp./Aon Global Holdings plc, 5.35%, 2/28/33, Callable 11/28/32 @ 100 | 3,020,454 | ||||
378,000 | Hartford Financial Services Group, Inc. (The), 4.30%, 4/15/43 | 321,267 | ||||
3,809,000 | Marsh & McLennan Cos., Inc., 4.38%, 3/15/29, Callable 12/15/28 @ 100 | 3,763,319 | ||||
1,422,000 | Marsh & McLennan Cos., Inc., 2.25%, 11/15/30, Callable 8/15/30 @ 100 | 1,190,618 | ||||
648,000 | Marsh & McLennan Cos., Inc., 5.45%, 3/15/53, Callable 9/15/52 @ 100 | 658,544 | ||||
|
|
|||||
15,038,954 | ||||||
|
|
|||||
Interactive Media & Services (0.0%): |
| |||||
1,081,000 | Meta Platforms, Inc., 4.45%, 8/15/52, Callable 2/15/52 @ 100 | 944,149 | ||||
|
|
|||||
IT Services (0.2%): |
||||||
180,000 | Global Payments, Inc., 2.15%, 1/15/27, Callable 12/15/26 @ 100 | 158,879 | ||||
1,265,000 | Global Payments, Inc., 4.95%, 8/15/27, Callable 7/15/27 @ 100 | 1,236,477 | ||||
3,309,000 | Global Payments, Inc., 3.20%, 8/15/29, Callable 5/15/29 @ 100 | 2,882,595 | ||||
1,898,000 | Global Payments, Inc., 2.90%, 5/15/30, Callable 2/15/30 @ 100 | 1,606,771 | ||||
|
|
|||||
5,884,722 | ||||||
|
|
|||||
Life Sciences Tools & Services (0.1%): |
| |||||
2,945,000 | Thermo Fisher Scientific, Inc., 2.00%, 10/15/31, Callable 7/15/31 @ 100 | 2,438,687 | ||||
|
|
|||||
Media (0.5%): |
| |||||
2,976,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 3.95%, 6/30/62, Callable 12/30/61 @ 100 | 1,869,196 | ||||
4,658,000 | Comcast Corp., 2.65%, 2/1/30, Callable 11/1/29 @ 100 | 4,134,329 | ||||
1,731,000 | Comcast Corp., 5.50%, 11/15/32, Callable 8/15/32 @ 100 | 1,840,666 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Media, continued |
| |||||
$2,001,000 | Comcast Corp., 4.20%, 8/15/34, Callable 2/15/34 @ 100 | $ | 1,907,841 | |||
577,000 | Comcast Corp., 3.75%, 4/1/40, Callable 10/1/39 @ 100 | 495,253 | ||||
380,000 | Comcast Corp., 2.80%, 1/15/51, Callable 7/15/50 @ 100 | 254,872 | ||||
1,541,000 | Comcast Corp., 2.94%, 11/1/56, Callable 5/1/56 @ 100 | 1,017,544 | ||||
2,385,000 | Cox Communications, Inc., 3.85%, 2/1/25, Callable 11/1/24 @ 100(a) | 2,324,306 | ||||
799,000 | Cox Communications, Inc., 3.60%, 6/15/51, Callable 12/15/50 @ 100(a) | 570,551 | ||||
541,000 | NBCUniversal Media LLC, 4.45%, 1/15/43 | 491,782 | ||||
265,000 | Omnicom Group, Inc./Omnicom Capital, Inc., 3.65%, 11/1/24, Callable 8/1/24 @ 100 | 259,529 | ||||
526,000 | Paramount Global, 4.85%, 7/1/42, Callable 1/1/42 @ 100 | 402,171 | ||||
|
|
|||||
15,568,040 | ||||||
|
|
|||||
Metals & Mining (0.0%): |
||||||
367,000 | Nucor Corp., 4.30%, 5/23/27, Callable 4/23/27 @ 100 | 359,987 | ||||
|
|
|||||
Multi-Utilities (0.4%): |
||||||
480,000 | Ameren Illinois Co., 3.25%, 3/15/50, Callable 9/15/49 @ 100 | 354,201 | ||||
390,000 | Ameren Illinois Co., 2.90%, 6/15/51, Callable 12/15/50 @ 100 | 266,392 | ||||
296,000 | Ameren Illinois Co., 5.90%, 12/1/52, Callable 6/1/52 @ 100 | 329,923 | ||||
761,000 | CenterPoint Energy Houston Electric LLC, 4.95%, 4/1/33, Callable 1/1/33 @ 100 | 776,237 | ||||
176,000 | CenterPoint Energy Houston Electric LLC, 3.95%, 3/1/48, Callable 9/1/47 @ 100 | 147,887 | ||||
599,000 | CenterPoint Energy Houston Electric LLC, 2.90%, 7/1/50, Callable 1/1/50 @ 100 | 409,623 | ||||
695,000 | CenterPoint Energy Houston Electric LLC, 3.35%, 4/1/51, Callable 10/1/50 @ 100 | 517,430 | ||||
735,000 | CenterPoint Energy Houston Electric LLC, 5.30%, 4/1/53, Callable 10/1/52 @ 100 | 758,796 | ||||
380,000 | CenterPoint Energy Resources Corp., 1.75%, 10/1/30, Callable 7/1/30 @ 100 | 304,879 | ||||
1,928,000 | Consumers Energy Co., 4.63%, 5/15/33, Callable 11/15/32 @ 100 | 1,918,123 | ||||
430,000 | Consumers Energy Co., 4.05%, 5/15/48, Callable 11/15/47 @ 100 | 362,024 | ||||
531,000 | Consumers Energy Co., 3.75%, 2/15/50, Callable 8/15/49 @ 100 | 427,499 | ||||
778,000 | Consumers Energy Co., 3.10%, 8/15/50, Callable 2/15/50 @ 100 | 552,302 | ||||
180,000 | Consumers Energy Co., 3.50%, 8/1/51, Callable 2/1/51 @ 100 | 140,737 | ||||
2,151,000 | Consumers Energy Co., 4.20%, 9/1/52, Callable 3/1/52 @ 100 | 1,869,974 | ||||
1,304,000 | Louisville Gas and Electric Co., 5.45%, 4/15/33, Callable 1/15/33 @ 100 | 1,354,354 | ||||
495,000 | NiSource, Inc., 5.25%, 3/30/28, Callable 2/29/28 @ 100 | 502,825 |
See accompanying notes to the schedules of portfolio investments.
82
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Multi-Utilities, continued |
||||||
$1,221,000 | San Diego Gas & Electric Co., 5.35%, 4/1/53, Callable 10/1/52 @ 100 | $ | 1,254,184 | |||
|
|
|||||
12,247,390 | ||||||
|
|
|||||
National (0.1%): |
| |||||
625,000 | Federal Farm Credit Banks Funding Corp., 3.50%, 9/1/32 | 593,119 | ||||
1,045,000 | Federal Farm Credit Banks Funding Corp., 3.88%, 9/20/32 | 1,021,865 | ||||
|
|
|||||
1,614,984 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (3.1%): |
| |||||
762,000 | Cameron LNG LLC, 2.90%, 7/15/31, Callable 4/15/31 @ 100(a) | 672,758 | ||||
3,810,000 | Cameron LNG LLC, 3.30%, 1/15/35, Callable 9/15/34 @ 100(a) | 3,247,080 | ||||
1,037,000 | Cameron LNG LLC, 3.40%, 1/15/38, Callable 7/15/37 @ 100(a) | 888,973 | ||||
6,392,000 | Cheniere Corpus Christi Holdings LLC, 5.13%, 6/30/27, Callable 1/1/27 @ 100 | 6,386,886 | ||||
1,710,000 | Cheniere Corpus Christi Holdings LLC, 3.70%, 11/15/29, Callable 5/18/29 @ 100 | 1,564,650 | ||||
469,000 | Devon Energy Corp., 8.25%, 8/1/23, Callable 6/1/23 @ 100 | 471,157 | ||||
2,920,000 | Devon Energy Corp., 4.50%, 1/15/30, Callable 1/15/25 @ 102.25 | 2,767,976 | ||||
5,125,000 | Diamondback Energy, Inc., 3.25%, 12/1/26, Callable 10/1/26 @ 100 | 4,823,906 | ||||
14,104,000 | Diamondback Energy, Inc., 3.50%, 12/1/29, Callable 9/1/29 @ 100 | 12,798,379 | ||||
311,000 | Diamondback Energy, Inc., 4.40%, 3/24/51, Callable 9/24/50 @ 100 | 248,774 | ||||
711,000 | Enable Midstream Partners LP, 3.90%, 5/15/24, Callable 2/15/24 @ 100 | 692,477 | ||||
1,007,000 | Energy Transfer LP, 5.88%, 1/15/24, Callable 10/15/23 @ 100 | 1,006,603 | ||||
1,064,000 | Energy Transfer LP, 5.95%, 12/1/25, Callable 9/1/25 @ 100 | 1,080,237 | ||||
2,137,000 | Energy Transfer LP, 5.50%, 6/1/27, Callable 3/1/27 @ 100 | 2,152,474 | ||||
864,000 | Energy Transfer LP, 5.55%, 2/15/28, Callable 1/15/28 @ 100 | 872,386 | ||||
423,000 | Energy Transfer LP, 8.25%, 11/15/29, Callable 8/15/29 @ 100 | 481,825 | ||||
1,035,000 | Energy Transfer LP, 3.75%, 5/15/30, Callable 2/15/30 @ 100 | 953,138 | ||||
2,200,000 | Energy Transfer LP, 5.75%, 2/15/33, Callable 11/15/32 @ 100 | 2,236,100 | ||||
391,000 | Energy Transfer LP, 5.15%, 2/1/43, Callable 8/1/42 @ 100 | 340,013 | ||||
1,223,000 | Energy Transfer LP, 5.40%, 10/1/47, Callable 4/1/47 @ 100 | 1,081,580 | ||||
4,030,000 | Energy Transfer LP, 5.00%, 5/15/50, Callable 11/15/49 @ 100 | 3,387,001 | ||||
266,000 | Energy Transfer Operating LP, 4.50%, 4/15/24, Callable 3/15/24 @ 100 | 262,041 | ||||
675,000 | Energy Transfer, LP, 6.25%, 4/15/49, Callable 10/15/48 @ 100 | 663,073 | ||||
251,000 | Enterprise Products Operating LLC, 4.80%, 2/1/49, Callable 8/1/48 @ 100 | 230,212 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Oil, Gas & Consumable Fuels, continued |
||||||
$515,000 | Enterprise Products Operating LLC, 4.20%, 1/31/50, Callable 7/31/49 @ 100 | $ | 428,553 | |||
221,000 | Enterprise Products Operating LLC, 3.20%, 2/15/52, Callable 8/15/51 @ 100 | 155,286 | ||||
1,615,000 | Enterprise Products Operating LLC, 3.30%, 2/15/53, Callable 8/15/52 @ 100 | 1,158,525 | ||||
240,000 | EQT Corp., 5.70%, 4/1/28, Callable 3/1/28 @ 100 | 238,800 | ||||
239,000 | Hess Corp., 5.80%, 4/1/47, Callable 10/1/46 @ 100 | 232,771 | ||||
349,000 | Kinder Morgan Energy Partners LP, 5.80%, 3/15/35 | 353,210 | ||||
278,000 | Kinder Morgan, Inc., 4.80%, 2/1/33, Callable 11/1/32 @ 100 | 267,516 | ||||
1,827,000 | Kinder Morgan, Inc., 5.20%, 6/1/33, Callable 3/1/33 @ 100 | 1,804,351 | ||||
1,705,000 | Kinder Morgan, Inc., 3.25%, 8/1/50, Callable 2/1/50 @ 100 | 1,123,164 | ||||
1,255,000 | Kinder Morgan, Inc., 3.60%, 2/15/51, Callable 8/15/50 @ 100 | 883,012 | ||||
390,000 | Kinder Morgan, Inc., Series MTN, 5.45%, 8/1/52, Callable 2/1/52 @ 100 | 359,092 | ||||
1,397,000 | MPLX LP, 5.00%, 3/1/33, Callable 12/1/32 @ 100 | 1,366,596 | ||||
536,000 | MPLX LP, 5.65%, 3/1/53, Callable 9/1/52 @ 100 | 513,494 | ||||
3,510,000 | NGPL PipeCo LLC, 3.25%, 7/15/31, Callable 4/15/31 @ 100(a) | 2,963,030 | ||||
1,586,000 | NGPL PipeCo. LLC, 4.88%, 8/15/27, Callable 2/15/27 @ 100(a) | 1,534,455 | ||||
390,000 | NGPL PipeCo. LLC, 7.77%, 12/15/37(a) | 425,100 | ||||
1,141,000 | Northern Natural Gas Co., 4.30%, 1/15/49, Callable 7/15/48 @ 100(a) | 948,100 | ||||
1,689,000 | Northern Natural Gas Co., 3.40%, 10/16/51, Callable 4/16/51 @ 100(a) | 1,188,005 | ||||
1,988,000 | Northwest Pipeline LLC, 4.00%, 4/1/27, Callable 1/1/27 @ 100 | 1,920,923 | ||||
891,000 | Ovintiv Exploration, Inc., 5.38%, 1/1/26, Callable 10/1/25 @ 100 | 886,545 | ||||
1,465,000 | Phillips 66, 4.95%, 12/1/27, Callable 11/1/27 @ 100 | 1,468,030 | ||||
705,000 | Pioneer Natural Resources Co., 5.10%, 3/29/26 | 707,500 | ||||
3,353,000 | Sabine Pass Liquefaction LLC, 5.00%, 3/15/27, Callable 9/15/26 @ 100 | 3,327,853 | ||||
228,000 | Sabine Pass Liquefaction LLC, 4.20%, 3/15/28, Callable 9/15/27 @ 100 | 217,740 | ||||
1,267,000 | Sabine Pass Liquefaction LLC, 5.90%, 9/15/37, Callable 3/15/37 @ 100(a) | 1,290,059 | ||||
3,308,000 | Targa Resources Corp., 5.20%, 7/1/27, Callable 6/1/27 @ 100 | 3,269,197 | ||||
1,320,000 | Targa Resources Corp., 4.20%, 2/1/33, Callable 11/1/32 @ 100 | 1,182,791 | ||||
264,000 | Targa Resources Corp., 6.13%, 3/15/33, Callable 12/15/32 @ 100 | 272,087 | ||||
470,000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.00%, 1/15/28, Callable 5/11/23 @ 102.5 | 454,137 | ||||
666,000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp., 6.88%, 1/15/29, Callable 1/15/24 @ 103.44 | 677,655 | ||||
2,390,000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.88%, 2/1/31, Callable 2/1/26 @ 102.44 | 2,222,700 |
See accompanying notes to the schedules of portfolio investments.
83
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Oil, Gas & Consumable Fuels, continued |
| |||||
$852,000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.00%, 1/15/32, Callable 7/15/26 @ 102 | $ | 742,518 | |||
1,373,000 | Texas Eastern Transmission LP, 3.50%, 1/15/28, Callable 10/15/27 @ 100(a) | 1,290,067 | ||||
3,103,000 | Texas Eastern Transmission LP, 4.15%, 1/15/48, Callable 7/15/47 @ 100(a) | 2,523,872 | ||||
3,050,000 | Transcontinental Gas Pipe Line Co. LLC, 7.85%, 2/1/26, Callable 11/1/25 @ 100 | 3,257,891 | ||||
2,198,000 | Transcontinental Gas Pipe Line Co. LLC, 4.00%, 3/15/28, Callable 12/15/27 @ 100 | 2,092,773 | ||||
1,886,000 | Transcontinental Gas Pipe Line Co. LLC, 3.95%, 5/15/50, Callable 11/15/49 @ 100 | 1,513,677 | ||||
430,000 | Western Midstream Operating LP, 6.15%, 4/1/33, Callable 1/1/33 @ 100 | 433,758 | ||||
424,000 | Williams Cos., Inc., Series A, 7.50%, 1/15/31 | 471,055 | ||||
242,000 | Williams Cos., Inc. (The), 3.50%, 10/15/51, Callable 4/15/51 @ 100 | 170,519 | ||||
|
|
|||||
95,646,106 | ||||||
|
|
|||||
Passenger Airlines (0.2%): |
||||||
739,139 | American Airlines Pass Through Trust, Series 2015- 2, Class B, 4.40%, 3/22/25 | 724,437 | ||||
443,150 | American Airlines Pass Through Trust, Series 2015- 2, Class AA, 3.60%, 3/22/29 | 400,973 | ||||
194,985 | American Airlines Pass Through Trust, Series 2016- 2, Class AA, 3.20%, 12/15/29 | 174,875 | ||||
68,160 | American Airlines Pass Through Trust, Series 2017- 1, Class AA, 3.65%, 8/15/30 | 62,014 | ||||
615,405 | American Airlines Pass Through Trust, Series 2019- 1, 3.15%, 8/15/33 | 535,119 | ||||
420,000 | Delta Airlines Pass Through Trust, Series 2019-1, Class AA, 3.20%, 10/25/25 | 409,266 | ||||
5,718 | United Airlines Pass Through Trust, Series 2016-2, Class B, 3.65%, 4/7/27 | 5,305 | ||||
216,482 | United Airlines Pass Through Trust, Series 2018-1, Class B, 4.60%, 9/1/27 | 203,079 | ||||
932,603 | United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 4/15/29 | 920,946 | ||||
10,286 | United Airlines Pass Through Trust, Series 2015-1, Class AA, 3.45%, 6/1/29 | 9,338 | ||||
330,416 | United Airlines Pass Through Trust, Series 2019-2, Class B, 3.50%, 11/1/29 | 294,582 | ||||
41,168 | United Airlines Pass Through Trust, Series 2016-2, Class AA, 3.10%, 1/7/30 | 37,174 | ||||
165,530 | United Airlines Pass Through Trust, Series 2019-2, Class AA, 2.88%, 4/7/30 | 146,691 | ||||
196,083 | United Airlines Pass Through Trust, Series 2018-1, Class AA, 3.50%, 9/1/31 | 173,772 | ||||
315,035 | United Airlines Pass Through Trust, Series 2016-1, Class AA, 4.15%, 2/25/33 | 282,411 | ||||
446,685 | United Airlines Pass Through Trust, Series 2019-2, Class AA, 2.70%, 11/1/33 | 374,837 | ||||
|
|
|||||
4,754,819 | ||||||
|
|
|||||
Pharmaceuticals (0.0%): |
||||||
312,000 | Bristol-Myers Squibb Co., 3.25%, 8/1/42 | 249,374 | ||||
442,000 | Bristol-Myers Squibb Co., 4.63%, 5/15/44, Callable 11/15/43 @ 100 | 425,362 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Pharmaceuticals, continued |
| |||||
$427,000 | Eli Lilly & Co., 4.95%, 2/27/63, Callable 8/27/62 @ 100 | $ | 436,916 | |||
|
|
|||||
1,111,652 | ||||||
|
|
|||||
Power (0.1%): |
| |||||
1,738,998 | Texas Electric Market Stabilization Funding N LLC, 4.26%, 8/1/36(a) | 1,688,587 | ||||
|
|
|||||
Professional Services (0.0%): |
| |||||
443,000 | RELX Capital, Inc., 3.00%, 5/22/30, Callable 2/22/30 @ 100 | 393,863 | ||||
|
|
|||||
Real Estate (0.1%): |
||||||
1,987,000 | VICI Properties LP/VICI Note Co., Inc., 4.13%, 8/15/30, Callable 2/15/25 @ 102.06(a) | 1,760,979 | ||||
|
|
|||||
Real Estate Management & Development (0.0%): |
| |||||
915,000 | Northwest Florida Timber Finance LLC, 4.75%, 3/4/29(a) | 864,317 | ||||
|
|
|||||
Semiconductors & Semiconductor Equipment (0.9%): |
| |||||
227,000 | Applied Materials, Inc., 4.35%, 4/1/47, Callable 10/1/46 @ 100 | 211,089 | ||||
519,000 | Broadcom Corp/Broadcom Cayman Finance, Ltd., 3.50%, 1/15/28, Callable 10/15/27 @ 100 | 485,115 | ||||
195,000 | Broadcom, Inc., 3.46%, 9/15/26, Callable 7/15/26 @ 100 | 185,703 | ||||
1,998,000 | Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100 | 1,848,847 | ||||
383,000 | Broadcom, Inc., 2.45%, 2/15/31, Callable 11/15/30 @ 100(a) | 312,657 | ||||
1,274,000 | Broadcom, Inc., 4.15%, 4/15/32, Callable 1/15/32 @ 100(a) | 1,161,256 | ||||
1,760,000 | Broadcom, Inc., 3.42%, 4/15/33, Callable 1/15/33 @ 100(a) | 1,465,561 | ||||
1,750,000 | Broadcom, Inc., 3.47%, 4/15/34, Callable 1/15/34 @ 100(a) | 1,435,399 | ||||
471,000 | Broadcom, Inc., 3.19%, 11/15/36, Callable 8/15/36 @ 100(a) | 356,779 | ||||
2,168,000 | Broadcom, Inc., 4.93%, 5/15/37, Callable 2/15/37 @ 100(a) | 1,963,378 | ||||
4,623,000 | Intel Corp., 4.88%, 2/10/28, Callable 1/10/28 @ 100 | 4,696,006 | ||||
1,023,000 | KLA Corp., 3.30%, 3/1/50, Callable 8/28/49 @ 100 | 779,585 | ||||
892,000 | KLA Corp., 4.95%, 7/15/52, Callable 1/15/52 @ 100 | 881,308 | ||||
1,524,000 | KLA Corp., 5.25%, 7/15/62, Callable 1/15/62 @ 100 | 1,525,350 | ||||
1,177,000 | KLA-Tencor Corp., 4.10%, 3/15/29, Callable 12/15/28 @ 100 | 1,155,994 | ||||
627,000 | Lam Research Corp., 2.88%, 6/15/50, Callable 12/15/49 @ 100 | 439,504 | ||||
291,000 | NVIDIA Corp., 3.50%, 4/1/50, Callable 10/1/49 @ 100 | 237,442 | ||||
1,364,000 | QUALCOMM, Inc., 1.65%, 5/20/32, Callable 2/20/32 @ 100 | 1,093,872 | ||||
3,200,000 | QUALCOMM, Inc., 5.40%, 5/20/33, Callable 2/20/33 @ 100 | 3,423,712 | ||||
878,000 | QUALCOMM, Inc., 4.65%, 5/20/35, Callable 11/20/34 @ 100 | 882,017 | ||||
309,000 | QUALCOMM, Inc., 4.80%, 5/20/45, Callable 11/20/44 @ 100 | 303,870 | ||||
632,000 | QUALCOMM, Inc., 4.50%, 5/20/52, Callable 11/20/51 @ 100 | 592,389 |
See accompanying notes to the schedules of portfolio investments.
84
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Semiconductors & Semiconductor Equipment, continued |
| |||||
$277,000 | QUALCOMM, Inc., 6.00%, 5/20/53, Callable 11/20/52 @ 100 | $ | 313,595 | |||
494,000 | TSMC Arizona Corp., 4.25%, 4/22/32, Callable 1/22/32 @ 100 | 488,488 | ||||
|
|
|||||
26,238,916 | ||||||
|
|
|||||
Software (0.8%): |
| |||||
1,560,000 | Oracle Corp., 3.85%, 7/15/36, Callable 1/15/36 @ 100 | 1,327,011 | ||||
573,000 | Oracle Corp., 3.80%, 11/15/37, Callable 5/15/37 @ 100 | 475,656 | ||||
1,412,000 | Oracle Corp., 6.13%, 7/8/39 | 1,460,850 | ||||
1,611,000 | Oracle Corp., 3.60%, 4/1/40, Callable 10/1/39 @ 100 | 1,240,568 | ||||
1,903,000 | Oracle Corp., 5.38%, 7/15/40 | 1,825,989 | ||||
8,627,000 | Oracle Corp., 3.65%, 3/25/41, Callable 9/25/40 @ 100 | 6,651,046 | ||||
878,000 | Oracle Corp., 4.00%, 11/15/47, Callable 5/15/47 @ 100 | 665,960 | ||||
2,565,000 | Oracle Corp., 3.60%, 4/1/50, Callable 10/1/49 @ 100 | 1,806,194 | ||||
3,195,000 | Oracle Corp., 3.95%, 3/25/51, Callable 9/25/50 @ 100 | 2,385,745 | ||||
1,229,000 | Oracle Corp., 6.90%, 11/9/52, Callable 5/9/52 @ 100 | 1,374,011 | ||||
2,785,000 | Oracle Corp., 5.55%, 2/6/53, Callable 8/6/52 @ 100 | 2,649,379 | ||||
480,000 | Oracle Corp., 4.10%, 3/25/61, Callable 9/25/60 @ 100 | 349,752 | ||||
321,000 | salesforce.com, Inc., 3.05%, 7/15/61, Callable 1/15/61 @ 100 | 218,865 | ||||
553,000 | Vmware, Inc., 4.65%, 5/15/27, Callable 3/15/27 @ 100 | 544,730 | ||||
427,000 | Vmware, Inc., 3.90%, 8/21/27, Callable 5/21/27 @ 100 | 408,110 | ||||
904,000 | Vmware, Inc., 1.80%, 8/15/28, Callable 6/15/28 @ 100 | 760,877 | ||||
1,771,000 | Vmware, Inc., 2.20%, 8/15/31, Callable 5/15/31 @ 100 | 1,398,966 | ||||
|
|
|||||
25,543,709 | ||||||
|
|
|||||
Specialized REITs (0.2%): |
| |||||
347,000 | American Tower Corp., 3.13%, 1/15/27, Callable 10/15/26 @ 100 | 322,550 | ||||
2,191,000 | American Tower Corp., 3.80%, 8/15/29, Callable 5/15/29 @ 100 | 2,034,479 | ||||
530,000 | American Tower Corp., 1.88%, 10/15/30, Callable 7/15/30 @ 100 | 419,504 | ||||
650,000 | Crown Castle, Inc., 3.65%, 9/1/27, Callable 6/1/27 @ 100 | 612,935 | ||||
3,065,000 | Crown Castle, Inc., 5.00%, 1/11/28, Callable 12/11/27 @ 100 | 3,079,182 | ||||
307,000 | Crown Castle, Inc., 3.80%, 2/15/28, Callable 11/15/27 @ 100 | 290,605 | ||||
364,000 | Equinix, Inc., 1.55%, 3/15/28, Callable 1/15/28 @ 100 | 309,454 | ||||
|
|
|||||
7,068,709 | ||||||
|
|
|||||
Specialty Retail (0.1%): |
| |||||
3,551,000 | Lowes Cos., Inc., 3.65%, 4/5/29, Callable 1/5/29 @ 100 | 3,351,356 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Specialty Retail, continued |
| |||||
$214,000 | Lowes Cos., Inc., 4.50%, 4/15/30, Callable 1/15/30 @ 100 | $ | 210,085 | |||
291,000 | Lowes Cos., Inc., 2.80%, 9/15/41, Callable 3/15/41 @ 100 | 205,634 | ||||
|
|
|||||
3,767,075 | ||||||
|
|
|||||
Technology Hardware, Storage & Peripherals (0.2%): |
| |||||
2,623,000 | Apple, Inc., 4.10%, 8/8/62, Callable 2/8/62 @ 100 | 2,329,386 | ||||
98,000 | Dell International LLC/EMC Corp., 8.35%, 7/15/46, Callable 1/15/46 @ 100 | 117,601 | ||||
541,000 | Dell International LLC/EMC Corp., 3.45%, 12/15/51, Callable 6/15/51 @ 100(a) | 351,358 | ||||
1,730,000 | Hewlett Packard Enterprise Co., 5.90%, 10/1/24 | 1,752,196 | ||||
206,000 | Hewlett Packard Enterprise Co., 6.35%, 10/15/45, Callable 4/15/45 @ 100 | 215,178 | ||||
344,000 | Hp, Inc., 2.65%, 6/17/31, Callable 3/17/31 @ 100 | 279,525 | ||||
|
|
|||||
5,045,244 | ||||||
|
|
|||||
Tobacco (0.4%): |
| |||||
415,000 | Altria Group, Inc., 2.20%, 6/15/27, Callable 4/15/27 @ 100 | 413,466 | ||||
2,158,000 | Altria Group, Inc., 2.45%, 2/4/32, Callable 11/4/31 @ 100 | 1,695,381 | ||||
1,537,000 | Altria Group, Inc., 5.80%, 2/14/39, Callable 8/14/38 @ 100 | 1,497,367 | ||||
450,000 | Altria Group, Inc., 3.40%, 2/4/41, Callable 8/4/40 @ 100 | 318,119 | ||||
377,000 | BAT Capital Corp., 2.26%, 3/25/28, Callable 1/25/28 @ 100 | 321,067 | ||||
457,000 | BAT Capital Corp., 3.98%, 9/25/50, Callable 3/25/50 @ 100 | 312,481 | ||||
2,949,000 | Philip Morris International, Inc., 5.13%, 11/17/27, Callable 10/17/27 @ 100 | 3,016,001 | ||||
4,680,000 | Philip Morris International, Inc., 4.88%, 2/15/28, Callable 1/15/28 @ 100 | 4,712,549 | ||||
1,157,000 | Reynolds American, Inc., 5.85%, 8/15/45, Callable 2/15/45 @ 100 | 1,038,398 | ||||
|
|
|||||
13,324,829 | ||||||
|
|
|||||
Utilities (0.2%): |
| |||||
1,495,000 | AEP Transmission Co. LLC, 4.50%, 6/15/52, Callable 12/1/51 @ 100 | 1,360,022 | ||||
1,310,000 | Baltimore Gas and Electric Co., 4.55%, 6/1/52, Callable 12/1/51 @ 100 | 1,175,994 | ||||
470,000 | CenterPoint Ener Houston, 3.60%, 3/1/52, Callable 9/1/51 @ 100 | 371,028 | ||||
885,000 | Consolidated Edison Co. of New York, Inc., 6.15%, 11/15/52, Callable 5/15/52 @ 100 | 994,175 | ||||
240,000 | PECO Energy Co., 4.38%, 8/15/52, Callable 2/15/52 @ 100 | 216,679 | ||||
545,000 | Public Service Co. of New Hampshire, 5.15%, 1/15/53, Callable 7/15/52 @ 100 | 555,973 | ||||
3,041,000 | Vistra Operations Co. LLC, 5.13%, 5/13/25(a) | 2,966,924 | ||||
|
|
|||||
7,640,795 | ||||||
|
|
|||||
Wireless Telecommunication Services (0.3%): |
| |||||
9,403,000 | T-Mobile USA, Inc., 3.75%, 4/15/27, Callable 2/15/27 @ 100 | 9,023,166 | ||||
|
|
|||||
Total Corporate Bonds (Cost $732,987,074) |
701,066,565 | |||||
|
|
See accompanying notes to the schedules of portfolio investments.
85
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Foreign Bonds (0.4%): |
||||||
Automobile Components (0.0%): |
||||||
$300,000 | Volkswagen International Finance NV, 4.13%, 11/16/38+(a) | $ | 307,583 | |||
|
|
|||||
Banks (0.1%): |
||||||
500,000 | BPCE SA, 0.25%, 1/15/26+(a) | 492,924 | ||||
1,675,000 | Danske Bank A/S, 4.13%(EUSA1+125bps), 1/10/31, Callable 1/10/30 @ 100+(a) | 1,820,328 | ||||
300,000 | de Volksbank NV, 1.75%(EUSA5+2.1bps), 10/22/30, Callable 10/22/25 @ 100, MTN+(a) | 296,041 | ||||
|
|
|||||
2,609,293 | ||||||
|
|
|||||
Beverages (0.0%): |
||||||
600,000 | Pernod Ricard SA, 3.47%, 10/24/23, Callable 9/24/23 @ 100+(a) | 638,082 | ||||
|
|
|||||
Capital Markets (0.1%): |
||||||
700,000 | Deutsche Bank AG, 1.00%(EUR003M+1.6bps), 11/19/25, Callable 11/19/24 @ 100+(a) | 700,250 | ||||
1,140,000 | Viterra Finance BV, 0.38%, 9/24/25, Callable 8/24/25 @ 100, MTN+(a) | 1,114,930 | ||||
|
|
|||||
1,815,180 | ||||||
|
|
|||||
Chemicals (0.0%): |
||||||
390,000 | Covestro AG, 0.88%, 2/3/26, Callable 11/3/25 @ 100, MTN+(a) | 395,566 | ||||
|
|
|||||
Construction Materials (0.1%): |
||||||
1,900,000 | HeidelbergCement AG, 3.75%, 5/31/32, Callable 2/28/32 @ 100+(a) | 1,927,629 | ||||
|
|
|||||
Health Care Providers & Services (0.0%): |
||||||
390,000 | Fresenius Finance Ireland plc, 0.88%, 10/1/31, Callable 7/1/31 @ 100, MTN+(a) | 311,287 | ||||
|
|
|||||
Oil, Gas & Consumable Fuels (0.1%): |
||||||
600,000 | Digital Dutch Finco BV, 1.00%, 1/15/32, Callable 10/15/31 @ 100+(a) | 456,645 | ||||
1,100,000 | TotalEnergies SE, 1.75%(EUSA5+176.5bps), 12/31/99, Callable 4/4/24 @ 100, MTN+(a) | 1,143,634 | ||||
|
|
|||||
1,600,279 | ||||||
|
|
|||||
Pharmaceuticals (0.0%): |
||||||
840,000 | Upjohn Finance BV, 1.02%, 6/23/24, Callable 5/23/24 @ 100+(a) | 878,085 | ||||
|
|
|||||
Professional Services (0.0%): |
||||||
520,000 | RELX Finance BV, 3.54%, 3/18/24, Callable 2/18/24 @ 100+(a) | 545,262 | ||||
|
|
|||||
Sovereign Bond (0.0%): |
||||||
152,000 | Romanian Government International Bond, 2.88%, 3/11/29, MTN+(a) | 140,393 | ||||
163,000 | Romanian Government International Bond, Registered Shares, 2.50%, 2/8/30, MTN+(a) | 141,421 | ||||
|
|
|||||
281,814 | ||||||
|
|
|||||
Total Foreign Bonds (Cost $12,643,345) |
11,310,060 | |||||
|
|
|||||
Yankee Debt Obligations (3.4%): |
||||||
Banks (0.3%): |
||||||
428,000 | Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa, 4.13%, 6/6/24(a) | 419,965 | ||||
200,000 | Banco Nacional de Panama, 2.50%, 8/11/30, Callable 5/11/30 @ 100(a) | 155,000 | ||||
2,149,000 | Barclays plc, 5.75% (H15T1Y+300 bps), 8/9/33, Callable 8/9/32 @ 100 | 2,094,370 |
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
||||||
Banks, continued |
||||||
$825,000 | Barclays plc, 7.44% (H15T1Y+350 bps), 11/2/33, Callable 11/2/32 @ 100 | $ | 909,490 | |||
446,000 | Credicorp, Ltd., 2.75%, 6/17/25, Callable 5/17/25 @ 100(a) | 412,550 | ||||
2,130,000 | HSBC Holdings plc, 1.59% (SOFR+129 bps), 5/24/27, Callable 5/24/26 @ 100 | 1,867,107 | ||||
1,855,000 | HSBC Holdings plc, 5.40% (SOFR+287 bps), 8/11/33, Callable 8/11/32 @ 100 | 1,822,489 | ||||
348,000 | Intercorp Peru, Ltd., 3.88%, 8/15/29, Callable 5/15/29 @ 100(a) | 288,624 | ||||
1,380,000 | Mitsubishi UFJ Financial Group, Inc., 5.72% (H15T1Y+108 bps), 2/20/26, Callable 2/20/25 @ 100 | 1,383,992 | ||||
|
|
|||||
9,353,587 | ||||||
|
|
|||||
Biotechnology (0.1%): |
||||||
3,140,000 | Shire Acquisitions Investments, 3.20%, 9/23/26, Callable 6/23/26 @ 100 | 2,973,828 | ||||
|
|
|||||
Broadline Retail (0.0%): |
||||||
320,000 | Alibaba Group Holding, Ltd., 2.80%, 6/6/23, Callable 5/11/23 @ 100 | 317,541 | ||||
|
|
|||||
Capital Markets (0.2%): |
||||||
744,000 | Credit Suisse AG, 7.95%, 1/9/25 | 755,160 | ||||
750,000 | Credit Suisse AG, 2.95%, 4/9/25 | 696,562 | ||||
1,935,000 | Credit Suisse AG, 5.00%, 7/9/27 | 1,862,437 | ||||
510,000 | Deutsche Bank AG, 1.45% (SOFR+113 bps), 4/1/25, Callable 4/1/24 @ 100 | 474,006 | ||||
150,000 | Deutsche Bank AG, 2.13% (SOFR+187 bps), 11/24/26, Callable 11/24/25 @ 100 | 128,554 | ||||
150,000 | Deutsche Bank AG, 2.31% (SOFR+122 bps), 11/16/27, Callable 11/16/26 @ 100 | 126,984 | ||||
646,000 | Deutsche Bank AG, 6.72% (SOFRRATE+7 bps), 1/18/29, Callable 1/18/28 @ 100 | 641,214 | ||||
2,000 | Macquarie Group, Ltd., 4.65% (US0003M+173 bps), 3/27/29, Callable 3/27/28 @ 100(a) | 1,925 | ||||
676,000 | Nomura Holdings, Inc., 2.68%, 7/16/30 |
544,704 | ||||
650,000 | SA Global Sukuk, Ltd., 2.69%, 6/17/31, Callable 3/17/31 @ 100(a) |
571,431 | ||||
|
|
|||||
5,802,977 | ||||||
|
|
|||||
Chemicals (0.0%): |
||||||
330,000 | Nutrien, Ltd., 5.90%, 11/7/24 | 334,610 | ||||
515,000 | Sociedad Quimica y Minera de Chile SA, 4.25%, 1/22/50, Callable 7/22/49 @ 100(a) | 415,862 | ||||
|
|
|||||
750,472 | ||||||
|
|
|||||
Consumer Staples Distribution & Retail (0.0%): |
||||||
561,000 | Cencosud SA, 5.15%, 2/12/25, Callable 11/12/24 @ 100(a) | 561,656 | ||||
|
|
|||||
Diversified REITs (0.0%): |
||||||
269,000 | Trust Fibra Uno, 5.25%, 12/15/24, Callable 9/15/24 @ 100^(a) | 262,947 | ||||
453,000 | Trust Fibra Uno, 6.39%, 1/15/50, Callable 7/15/49 @ 100(a) | 335,234 | ||||
|
|
|||||
598,181 | ||||||
|
|
|||||
Diversified Telecommunication Services (0.0%): |
||||||
389,000 | Deutsche Telekom International Finance BV, 2.49%, 9/19/23, Callable 7/19/23 @ 100(a) | 384,238 | ||||
|
|
See accompanying notes to the schedules of portfolio investments.
86
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
||||||
Energy Production (0.0%): |
||||||
$527,000 | Kallpa Generacion SA, 4.13%, 8/16/27, Callable 5/16/27 @ 100(a) | $ | 485,117 | |||
|
|
|||||
Financial Services (0.2%): |
||||||
470,000 | Banco Latinoamericano de Comercio Exterior SA, 2.38%, 9/14/25, Callable 8/15/25 @ 100(a) | 434,121 | ||||
542,000 | BAT International Finance plc, 4.45%, 3/16/28, Callable 2/16/28 @ 100 | 510,835 | ||||
3,988,000 | Credit Suisse AG, 3.70%, 2/21/25 | 3,783,615 | ||||
715,000 | Eig Pearl Holdings Sarl, 4.39%, 11/30/46(a) |
562,169 | ||||
|
|
|||||
5,290,740 | ||||||
|
|
|||||
Food Products (0.0%): |
||||||
697,000 | Grupo Bimbo SAB de CV, 4.00%, 9/6/49(a) |
535,818 | ||||
|
|
|||||
Household Durables (0.0%): |
||||||
762,000 | Consorcio Transmantaro SA, 4.70%, 4/16/34(a) |
683,895 | ||||
|
|
|||||
Independent Power and Renewable Electricity Producers (0.0%): | ||||||
270,000 | AES Panama Generation Holdings SRL, 4.38%, 5/31/30, Callable 2/28/30 @ 100(a) | 230,175 | ||||
506,000 | Colbun SA, 3.15%, 1/19/32, Callable 10/19/31 @ 100(a) | 422,691 | ||||
|
|
|||||
652,866 | ||||||
|
|
|||||
Interactive Media & Services (0.1%): |
||||||
490,000 | Baidu, Inc., 4.38%, 5/14/24, Callable 4/14/24 @ 100 | 485,966 | ||||
475,000 | Baidu, Inc., 4.38%, 3/29/28, Callable 12/29/27 @ 100 | 461,606 | ||||
515,000 | Tencent Holdings, Ltd., 3.60%, 1/19/28, Callable 10/19/27 @ 100(a) | 485,083 | ||||
|
|
|||||
1,432,655 | ||||||
|
|
|||||
Machinery (0.1%): |
||||||
1,864,000 | CNH Industrial N.V., 3.85%, 11/15/27, Callable 8/15/27 @ 100, MTN | 1,783,069 | ||||
420,000 | Trane Technologies Luxembourg Finance SA, 3.50%, 3/21/26, Callable 1/21/26 @ 100 | 406,984 | ||||
|
|
|||||
2,190,053 | ||||||
|
|
|||||
Materials (0.1%): |
||||||
615,000 | Celulosa Arauco y Constitucion SA, 4.20%, 1/29/30, Callable 10/29/29 @ 100(a) | 564,226 | ||||
660,000 | Equate Petrochemical BV, 4.25%, 11/3/26(a) |
640,963 | ||||
278,000 | Fibria Overseas Finance, Ltd., 5.50%, 1/17/27 |
278,000 | ||||
425,000 | Freeport Indonesia PT, Registered Shares, 4.76%, 4/14/27, Callable 3/14/27 @ 100(a) | 415,442 | ||||
561,000 | SABIC Capital II BV, 4.50%, 10/10/28(a) | 553,159 | ||||
|
|
|||||
2,451,790 | ||||||
|
|
|||||
Metals & Mining (0.2%): |
||||||
2,167,000 | Anglo American Capital plc, 4.00%, 9/11/27(a) |
2,054,303 | ||||
2,750,000 | Anglo American Capital plc, 4.50%, 3/15/28, Callable 12/15/27 @ 100(a) | 2,648,470 | ||||
1,074,000 | Anglo American Capital plc, 2.25%, 3/17/28, Callable 1/17/28 @ 100(a) | 924,242 | ||||
525,000 | Antofagasta plc, 2.38%, 10/14/30, Callable 7/14/30 @ 100(a) | 417,822 | ||||
858,000 | Corp. Nacional del Cobre de Chile, Registered Shares, 3.63%, 8/1/27, Callable 5/1/27 @ 100(a) | 812,243 |
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
||||||
Metals & Mining, continued |
||||||
$409,000 | POSCO, 5.63%, 1/17/26(a) | $ | 414,132 | |||
|
|
|||||
7,271,212 | ||||||
|
|
|||||
National (0.0%): |
||||||
419,000 | Perusahaan Penerbit SBSN Indonesia III, 4.40%, 6/6/27(a) | 416,381 | ||||
|
|
|||||
Oil, Gas & Consumable Fuels (0.3%): |
||||||
1,806,000 | Cenovus Energy, Inc., 3.75%, 2/15/52, Callable 8/15/51 @ 100 | 1,310,504 | ||||
555,000 | Ecopetrol SA, 4.13%, 1/16/25 | 534,188 | ||||
1,598,000 | Enbridge, Inc., 5.70%, 3/8/33, Callable 12/8/32 @ 100 | 1,660,897 | ||||
599,249 | Galaxy Pipeline Assets Bidco, Ltd., 2.94%, 9/30/40(a) |
485,028 | ||||
270,000 | KazMunayGas National Co. JSC, 3.50%, 4/14/33, Callable 10/14/32 @ 100(a) | 202,285 | ||||
470,000 | Pertamina Persero PT, 3.10%, 1/21/30, Callable 10/21/29 @ 100(a) | 416,538 | ||||
495,000 | Qatar Energy, 2.25%, 7/12/31, Callable 4/12/31 @ 100(a) | 420,379 | ||||
623,000 | Saudi Arabian Oil Co., 3.25%, 11/24/50, Callable 5/24/50 @ 100(a) | 433,859 | ||||
604,000 | Saudi Arabian Oil Co., 3.50%, 11/24/70, Callable 5/24/70 @ 100(a) | 407,114 | ||||
1,541,000 | Shell International Finance BV, 4.13%, 5/11/35 |
1,470,217 | ||||
196,000 | Suncor Energy, Inc., 7.15%, 2/1/32 | 215,246 | ||||
298,000 | Suncor Energy, Inc., 6.80%, 5/15/38 | 326,952 | ||||
|
|
|||||
7,883,207 | ||||||
|
|
|||||
Paper & Forest Products (0.0%): |
||||||
552,000 | Suzano Austria GmbH, 5.75%, 7/14/26(a) | 548,257 | ||||
327,000 | Suzano Austria GmbH, 3.75%, 1/15/31, Callable 10/15/30 @ 100 | 283,579 | ||||
|
|
|||||
831,836 | ||||||
|
|
|||||
Passenger Airlines (0.0%): |
||||||
257,816 | Air Canada Pass Through Trust, Series 2017-1, Class A, 3.30%, 7/15/31(a) | 226,493 | ||||
|
|
|||||
Pharmaceuticals (0.1%): |
||||||
210,000 | Takeda Pharmaceutical Co., Ltd., 5.00%, 11/26/28, Callable 8/26/28 @ 100 | 211,215 | ||||
1,791,000 | Takeda Pharmaceutical Co., Ltd., 2.05%, 3/31/30, Callable 12/31/29 @ 100 | 1,514,817 | ||||
|
|
|||||
1,726,032 | ||||||
|
|
|||||
Sovereign Bond (1.3%): |
||||||
434,000 | Abu Dhabi Government International Bond, 3.88%, 4/16/50(a) | 369,449 | ||||
407,000 | Chile Government International Bond, 3.24%, 2/6/28, Callable 11/6/27 @ 100 | 387,676 | ||||
1,560,000 | Chile Government International Bond, 2.55%, 1/27/32, Callable 10/27/31 @ 100 | 1,332,774 | ||||
611,000 | Chile Government International Bond, 3.86%, 6/21/47 | 498,619 | ||||
1,905,000 | Colombia Government International Bond, 3.13%, 4/15/31, Callable 1/15/31 @ 100 | 1,444,963 | ||||
860,000 | Colombia Government International Bond, 3.25%, 4/22/32, Callable 1/22/32 @ 100 | 637,364 | ||||
20,000 | Hungary Government International Bond, 5.38%, 3/25/24 | 20,017 |
See accompanying notes to the schedules of portfolio investments.
87
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
||||||
Sovereign Bond, continued |
||||||
$425,000 | Hungary Government International Bond, 5.25%, 6/16/29(a) | $ | 414,766 | |||
240,000 | Hungary Government International Bond, 7.63%, 3/29/41 | 270,504 | ||||
236,000 | Indonesia Government International Bond, 7.75%, 1/17/38(a) | 296,631 | ||||
200,000 | Indonesia Government International Bond, 6.75%, 1/15/44(a) | 233,328 | ||||
1,015,000 | Mexico Government International Bond, 3.75%, 1/11/28 | 973,113 | ||||
378,000 | Mexico Government International Bond, 4.75%, 4/27/32, Callable 1/27/32 @ 100 | 363,696 | ||||
4,915,000 | Mexico Government International Bond, 6.35%, 2/9/35, Callable 11/9/34 @ 100 | 5,191,267 | ||||
322,000 | Mexico Government International Bond, 5.75%, 10/12/10 | 286,379 | ||||
393,041 | Oriental Republic of Uruguay, 4.50%, 8/14/24 | 392,262 | ||||
2,480,640 | Oriental Republic of Uruguay, 4.38%, 10/27/27 | 2,480,640 | ||||
1,062,000 | Panama Government International Bond, 3.16%, 1/23/30, Callable 10/23/29 @ 100 | 931,905 | ||||
421,000 | Panama Government International Bond, 3.30%, 1/19/33, Callable 10/19/32 @ 100 | 352,061 | ||||
1,095,000 | Panama Government International Bond, 4.50%, 4/1/56, Callable 10/1/55 @ 100 | 815,775 | ||||
430,000 | Peruvian Government International Bond, 2.78%, 1/23/31, Callable 10/23/30 @ 100 | 367,220 | ||||
397,000 | Peruvian Government International Bond, 1.86%, 12/1/32, Callable 9/1/32 @ 100 | 300,023 | ||||
116,000 | Peruvian Government International Bond, 3.00%, 1/15/34, Callable 10/15/33 @ 100 | 94,105 | ||||
710,000 | Philippine Government International Bond, 1.65%, 6/10/31 | 570,046 | ||||
1,725,000 | Philippine Government International Bond, 1.95%, 1/6/32^ | 1,402,284 | ||||
689,000 | Province of Manitoba, 3.05%, 5/14/24 | 676,192 | ||||
200,000 | Qatar Government International Bond, 4.00%, 3/14/29(a) | 198,914 | ||||
200,000 | Qatar Government International Bond, 3.75%, 4/16/30(a) | 195,646 | ||||
200,000 | Qatar Government International Bond, 5.10%, 4/23/48(a) | 203,288 | ||||
3,516,000 | Republic of Colombia, 3.88%, 4/25/27, Callable 1/25/27 @ 100 | 3,185,162 | ||||
275,000 | Republic of Colombia, 4.50%, 3/15/29, Callable 12/15/28 @ 100 | 241,918 | ||||
567,000 | Republic of Colombia, 3.00%, 1/30/30, Callable 10/30/29 @ 100 | 443,506 | ||||
581,000 | Republic of Indonesia, 4.10%, 4/24/28 | 571,057 | ||||
2,840,000 | Republic of Indonesia, 2.85%, 2/14/30 | 2,560,802 | ||||
1,137,000 | Republic of Panama, 3.88%, 3/17/28, Callable 12/17/27 @ 100 | 1,088,678 | ||||
1,342,000 | Republic of Peru, 4.13%, 8/25/27 | 1,315,801 | ||||
1,031,000 | Republic of Peru, 5.63%, 11/18/50 | 1,039,090 | ||||
3,200,000 | Republic of Philippines, 3.00%, 2/1/28 | 3,010,182 | ||||
412,000 | Republic of Poland Government International Bond, 5.50%, 4/4/53, Callable 10/4/52 @ 100 | 418,817 | ||||
278,000 | Romanian Government International Bond, 5.25%, 11/25/27(a) | 273,405 |
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
||||||
Sovereign Bond, continued |
||||||
$368,000 | Romanian Government International Bond, 3.63%, 3/27/32(a) | $ | 311,079 | |||
112,000 | Romanian Government International Bond, 7.13%, 1/17/33(a) | 118,892 | ||||
236,000 | Romanian Government International Bond, 7.63%, 1/17/53(a) | 252,630 | ||||
209,000 | Saudi Government International Bond, 4.75%, 1/18/28(a) | 211,600 | ||||
212,000 | Saudi Government International Bond, 2.75%, 2/3/32(a) | 186,939 | ||||
200,000 | Saudi Government International Bond, 5.00%, 4/17/49(a) | 186,483 | ||||
200,000 | Saudi Government International Bond, 3.25%, 11/17/51, MTN(a) | 140,514 | ||||
478,000 | Saudi Government International Bond, 3.75%, 1/21/55(a) | 367,558 | ||||
1,139,528 | Uruguay Government International Bond, 4.38%, 1/23/31, Callable 10/23/30 @ 100 | 1,128,133 | ||||
582,789 | Uruguay Government International Bond, 5.75%, 10/28/34, Callable 7/28/34 @ 100^ | 637,490 | ||||
|
|
|||||
39,390,643 | ||||||
|
|
|||||
Technology Hardware & Semiconductors (0.2%): |
||||||
1,714,000 | NXP BV/NXP Funding LLC/NXP USA, Inc., 3.15%, 5/1/27, Callable 3/1/27 @ 100 | 1,585,745 | ||||
2,799,000 | NXP BV/NXP Funding LLC/NXP USA, Inc., 4.30%, 6/18/29, Callable 3/18/29 @ 100 | 2,682,380 | ||||
1,174,000 | NXP BV/NXP Funding LLC/NXP USA, Inc., 3.40%, 5/1/30, Callable 2/1/30 @ 100 | 1,056,007 | ||||
|
|
|||||
5,324,132 | ||||||
|
|
|||||
Telecommunications (0.0%): |
||||||
330,000 | NTT Finance Corp., 4.14%, 7/26/24(a) | 326,083 | ||||
|
|
|||||
Utilities (0.0%): |
||||||
418,000 | Comision Federal de Electricidad, 4.88%, 1/15/24^(a) | 412,115 | ||||
597,000 | Israel Electric Corp., Ltd., 4.25%, 8/14/28, MTN(a) | 559,240 | ||||
|
|
|||||
971,355 | ||||||
|
|
|||||
Wireless Telecommunication Services (0.2%): |
||||||
280,000 | Bharti Airtel, Ltd., 3.25%, 6/3/31, Callable 3/5/31 @ 100(a) | 242,003 | ||||
421,000 | Empresa Nacional del Petroleo, 4.38%, 10/30/24(a) | 408,896 | ||||
523,000 | Empresa Nacional del Petroleo, 3.75%, 8/5/26, Callable 5/5/26 @ 100(a) | 487,112 | ||||
4,667,000 | Rogers Communications, Inc., 3.80%, 3/15/32, Callable 12/15/31 @ 100(c) | 4,175,346 | ||||
|
|
|||||
5,313,357 | ||||||
|
|
|||||
Total Yankee Debt Obligations (Cost $110,136,805) |
104,146,145 | |||||
|
|
|||||
Municipal Bonds (0.3%): |
||||||
California (0.2%): |
||||||
905,000 | California State University Revenue, Series B, 2.72%, 11/1/52 | 620,975 | ||||
600,000 | California State, Build America Bonds, GO, 7.55%, 4/1/39 | 775,806 | ||||
435,000 | California State, Build America Bonds, GO, 7.50%, 4/1/34 | 543,998 | ||||
1,240,000 | Los Angeles Department of Water & Power Power System Revenue, 6.57%, 7/1/45 | 1,478,179 |
See accompanying notes to the schedules of portfolio investments.
88
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Municipal Bonds, continued |
||||||
California, continued |
||||||
$645,000 | Regents of the University of California Medical Center Pooled Revenue, 4.13%, 5/15/32, Continuously Callable @100 | $ | 616,085 | |||
50,000 | University of California Revenue, 4.86%, 5/15/12 | 45,746 | ||||
440,000 | University of California Revenue, Series BF, 2.65%, 5/15/50, Continuously Callable @100 | 289,595 | ||||
347,000 | University of California Revenue, 4.77%, 5/15/15 | 312,838 | ||||
|
|
|||||
4,683,222 | ||||||
|
|
|||||
Michigan (0.0%): |
||||||
801,000 | University of Michigan Revenue, 3.50%, 4/1/52, Continuously Callable @100 | 658,422 | ||||
|
|
|||||
Minnesota (0.0%): |
||||||
406,000 | University of Minnesota Revenue, 4.05%, 4/1/52 | 363,260 | ||||
|
|
|||||
New Jersey (0.0%): |
||||||
575,000 | New Jersey State Transportation Authority Revenue, Build America Bonds, GO, 6.56%, 12/15/40 | 599,886 | ||||
270,000 | New Jersey Transportation Trust Fund Authority Revenue, 4.13%, 6/15/42 | 236,687 | ||||
165,000 | New Jersey Turnpike Authority Revenue, Series B, 2.78%, 1/1/40, Continuously Callable @100 | 123,229 | ||||
|
|
|||||
959,802 | ||||||
|
|
|||||
New York (0.1%): |
||||||
1,420,000 | New York State Dormitory Authority Revenue, 2.15%, 3/15/31 | 1,209,741 | ||||
1,045,000 | New York State Dormitory Authority Revenue, 2.05%, 3/15/30 | 904,625 | ||||
|
|
|||||
2,114,366 | ||||||
|
|
|||||
Oklahoma (0.0%): |
||||||
255,000 | Oklahoma Development Finance Authority Revenue, Series A2, 4.62%, 6/1/44 | 246,272 | ||||
|
|
|||||
Texas (0.0%): |
||||||
710,000 | City of Houston TX, GO, 3.96%, 3/1/47 | 625,893 | ||||
430,000 | State of Texas, GO, Series B, 2.75%, 10/1/41, Continuously Callable @100 | 326,972 | ||||
|
|
|||||
952,865 | ||||||
|
|
|||||
Total Municipal Bonds (Cost $11,628,783) |
9,978,209 | |||||
|
|
|||||
U.S. Government Agency Mortgages (31.5%): |
||||||
Government National Mortgage Association (6.0%) |
| |||||
8,297 | 4.50%, 9/15/33, Pool #615516 | 8,460 | ||||
30,485 | 5.00%, 12/15/33, Pool #783571 | 31,840 | ||||
9,869 | 6.50%, 8/20/38, Pool #4223 | 10,722 | ||||
7,734 | 6.50%, 10/15/38, Pool #673213 | 7,857 | ||||
5,681 | 6.50%, 11/20/38, Pool #4292 | 6,173 | ||||
10,384 | 6.50%, 12/15/38, Pool #782510 | 10,688 | ||||
109,120 | 5.00%, 1/15/39, Pool #782557 | 113,046 | ||||
68,476 | 5.00%, 4/15/39, Pool #782619 | 71,235 | ||||
52,817 | 5.00%, 4/15/39, Pool #711939 | 54,900 | ||||
6,666 | 4.00%, 4/20/39, Pool #4422 | 6,592 | ||||
6,576 | 5.00%, 6/15/39, Pool #782696 | 6,841 | ||||
23,060 | 4.00%, 7/20/39, Pool #4494 | 22,803 | ||||
39,369 | 5.00%, 10/20/39, Pool #4559 | 41,054 | ||||
4,372 | 4.50%, 12/20/39, Pool #G24598 | 4,431 | ||||
11,291 | 4.50%, 1/15/40, Pool #728627 | 11,468 | ||||
5,359 | 4.50%, 1/20/40, Pool #4617 | 5,431 | ||||
4,369 | 4.50%, 2/20/40, Pool #G24636 | 4,409 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Government National Mortgage Association, continued |
| |||||
$30,738 | 5.00%, 5/15/40, Pool #782958 | $ | 32,110 | |||
280 | 4.50%, 5/20/40, Pool #G24696 | 282 | ||||
19,378 | 5.00%, 6/15/40, Pool #697862 | 20,631 | ||||
26,675 | 4.50%, 7/15/40, Pool #745793 | 27,326 | ||||
203,910 | 4.50%, 7/15/40, Pool #733795 | 207,100 | ||||
10,883 | 4.50%, 7/20/40, Pool #4746 | 10,982 | ||||
19,889 | 4.50%, 8/20/40, Pool #4771 | 20,070 | ||||
12,263 | 4.50%, 9/20/40, Pool #748948 | 12,382 | ||||
6,009 | 4.00%, 9/20/40, Pool #G24800 | 5,927 | ||||
44,571 | 4.50%, 10/15/40, Pool #783609 | 45,186 | ||||
156,928 | 4.00%, 10/20/40, Pool #G24833 | 154,784 | ||||
20,143 | 4.50%, 10/20/40, Pool #4834 | 20,327 | ||||
293,331 | 4.00%, 11/20/40, Pool #4853 | 294,754 | ||||
144,229 | 4.00%, 12/20/40, Pool #G24882 | 142,258 | ||||
79,330 | 4.00%, 1/15/41, Pool #759138 | 77,081 | ||||
129,433 | 4.00%, 1/20/41, Pool #4922 | 127,664 | ||||
12,703 | 4.50%, 2/15/41, Pool #738019 | 13,013 | ||||
563,641 | 4.00%, 2/20/41, Pool #742887 | 555,782 | ||||
2,220 | 4.00%, 2/20/41, Pool #4945 | 2,190 | ||||
43,148 | 4.00%, 3/15/41, Pool #762838 | 41,927 | ||||
3,227 | 5.00%, 4/20/41, Pool #5018 | 3,312 | ||||
51,325 | 4.50%, 6/20/41, Pool #783590 | 51,793 | ||||
7,063 | 5.00%, 6/20/41, Pool #5083 | 7,249 | ||||
120,542 | 4.50%, 7/20/41, Pool #5115 | 122,162 | ||||
123,317 | 4.00%, 7/20/41, Pool #742895 | 119,779 | ||||
35,767 | 4.50%, 7/20/41, Pool #783584 | 36,093 | ||||
3,769 | 5.00%, 7/20/41, Pool #5116 | 3,868 | ||||
15,924 | 4.50%, 7/20/41, Pool #754367 | 16,074 | ||||
36,132 | 4.50%, 11/15/41, Pool #783610 | 36,907 | ||||
104,106 | 3.50%, 1/15/42, Pool #553461 | 101,825 | ||||
143,155 | 4.00%, 4/20/42, Pool #MA0023 | 141,198 | ||||
61,365 | 5.00%, 7/20/42, Pool #MA0223 | 63,973 | ||||
143,360 | 3.50%, 4/15/43, Pool #AD2334 | 138,599 | ||||
274,051 | 3.50%, 4/20/43, Pool #MA0934 | 265,961 | ||||
155,156 | 3.50%, 5/20/43, Pool #MA1012 | 150,575 | ||||
13,409 | 4.00%, 7/20/43, Pool #MA1158 | 13,225 | ||||
532,413 | 4.50%, 6/20/44, Pool #MA1997 | 539,565 | ||||
14,571 | 4.00%, 8/20/44, Pool #AI4167 | 14,034 | ||||
8,523 | 4.00%, 8/20/44, Pool #AJ2723 | 8,214 | ||||
431,018 | 4.00%, 8/20/44, Pool #MA2149 | 425,127 | ||||
10,832 | 4.00%, 8/20/44, Pool #AJ4687 | 10,432 | ||||
20,814 | 3.00%, 12/20/44, Pool #MA2444 | 19,421 | ||||
242,997 | 5.00%, 12/20/44, Pool #MA2448 | 249,367 | ||||
242,740 | 3.00%, 2/15/45, Pool #784439 | 222,420 | ||||
1,100,165 | 3.50%, 5/20/45, Pool #MA2826 | 1,051,747 | ||||
150,530 | 5.00%, 12/20/45, Pool #MA3313 | 154,549 | ||||
5,553,121 | 3.50%, 3/20/46, Pool #MA3521 | 5,291,770 | ||||
1,066,409 | 3.50%, 5/20/46, Pool #MA3663 | 1,016,213 | ||||
356,254 | 3.50%, 7/20/46, Pool #MA3803 | 339,488 | ||||
1,444,236 | 3.50%, 9/20/46, Pool #MA3937 | 1,376,272 | ||||
65,049 | 3.50%, 10/20/46, Pool #AX4341 | 62,016 | ||||
144,940 | 3.50%, 10/20/46, Pool #AX4344 | 138,379 | ||||
55,782 | 3.50%, 10/20/46, Pool #AX4343 | 53,246 | ||||
71,888 | 3.50%, 10/20/46, Pool #AX4342 | 68,551 | ||||
8,732 | 4.00%, 10/20/46, Pool #AQ0542 | 8,632 | ||||
92,994 | 3.50%, 10/20/46, Pool #AX4345 | 88,963 | ||||
79,078 | 4.50%, 3/15/47, Pool #AZ8560 | 79,855 | ||||
110,055 | 4.50%, 4/15/47, Pool #AZ8596 | 111,126 | ||||
63,655 | 4.50%, 4/15/47, Pool #AZ8597 | 64,280 |
See accompanying notes to the schedules of portfolio investments.
89
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
| |||||
Government National Mortgage Association, continued |
| |||||
$61,587 | 4.50%, 5/15/47, Pool #BA7888 | $ | 62,183 | |||
1,376,435 | 4.00%, 6/20/47, Pool #MA4511 | 1,340,685 | ||||
15,280 | 4.00%, 9/15/47, Pool #BC5919 | 14,677 | ||||
17,365 | 4.00%, 10/15/47, Pool #BE1031 | 16,680 | ||||
15,192 | 4.00%, 10/15/47, Pool #BD3187 | 14,606 | ||||
16,858 | 4.00%, 11/15/47, Pool #BE1030 | 16,193 | ||||
1,075,037 | 4.00%, 11/20/47, Pool #MA4838 | 1,056,722 | ||||
20,141 | 4.00%, 12/15/47, Pool #BE4664 | 19,346 | ||||
525,215 | 4.00%, 12/20/47, Pool #MA4901 | 516,269 | ||||
22,759 | 4.00%, 1/15/48, Pool #BE0143 | 21,861 | ||||
16,012 | 4.00%, 1/15/48, Pool #BE0204 | 15,389 | ||||
230,641 | 4.50%, 9/20/48, Pool #BD0560 | 232,683 | ||||
438,185 | 4.50%, 3/20/49, Pool #MA5818 | 438,796 | ||||
18,599 | 4.50%, 4/20/49, Pool #MA5877 | 18,625 | ||||
197,981 | 4.50%, 5/20/49, Pool #MA5932 | 198,257 | ||||
611,921 | 3.00%, 4/20/50, Pool #MA6599 | 561,142 | ||||
363,536 | 4.50%, 4/20/50, Pool #MA6602 | 362,981 | ||||
78,420 | 3.00%, 5/20/50, Pool #MA6656 | 71,933 | ||||
281,826 | 4.00%, 5/20/50, Pool #MA6658 | 275,249 | ||||
5,926,483 | 2.00%, 8/20/50, Pool #MA6818 | 5,048,409 | ||||
1,415,958 | 3.00%, 10/20/50, Pool #MA6932 | 1,298,456 | ||||
1,045,879 | 2.00%, 11/20/50, Pool #MA6994 | 892,202 | ||||
1,283,187 | 3.00%, 1/20/51, Pool #MA7137 | 1,169,750 | ||||
12,982,630 | 2.00%, 1/20/51, Pool #MA7135 | 11,044,880 | ||||
1,968,503 | 2.00%, 2/20/51, Pool #MA7192 | 1,671,941 | ||||
5,884,449 | 2.50%, 4/20/51, Pool #MA7312 | 5,176,938 | ||||
6,707,651 | 3.00%, 6/20/51, Pool #MA7419 | 6,124,640 | ||||
8,625,402 | 3.00%, 8/20/51, Pool #MA7535 | 7,875,606 | ||||
3,041,064 | 2.50%, 10/20/51, Pool #MA7649 | 2,675,226 | ||||
2,165,371 | 3.00%, 12/20/51, Pool #MA7768 | 1,977,050 | ||||
7,225,898 | 2.50%, 12/20/51, Pool #MA7767 | 6,356,586 | ||||
90,866 | 3.00%, 1/20/52, Pool #MA7828 | 82,569 | ||||
4,869,656 | 2.50%, 5/20/52, Pool #MA8042 | 4,292,619 | ||||
19,443,051 | 2.50%, 6/20/52, Pool #MA8097 | 17,140,143 | ||||
5,697,987 | 2.50%, 7/20/52, Pool #MA8147 | 5,008,935 | ||||
244,581 | 2.50%, 8/20/52, Pool #MA8197 | 215,614 | ||||
1,303,384 | 2.50%, 12/20/52, Pool #MA8485 | 1,146,614 | ||||
4,248,360 | 2.50%, 1/20/53, Pool #MA8564 | 3,737,803 | ||||
13,233,700 | 3.00%, 4/20/53, TBA | 12,026,125 | ||||
15,369,797 | 3.50%, 4/20/53, TBA | 14,394,775 | ||||
11,874,000 | 4.00%, 4/20/53, TBA | 11,419,448 | ||||
9,760,000 | 4.50%, 4/20/53, TBA | 9,605,975 | ||||
7,083,000 | 5.00%, 4/20/53, TBA | 7,087,427 | ||||
3,039,000 | 6.00%, 4/20/53, TBA | 3,095,506 | ||||
23,918,100 | 2.00%, 4/20/53, TBA | 20,274,327 | ||||
3,960,000 | 5.50%, 4/20/53, TBA | 4,003,312 | ||||
|
|
|||||
184,993,139 | ||||||
|
|
|||||
Federal National Mortgage Association (15.9%) |
||||||
56,860 | 2.50%, 9/1/27, Pool #AB6194 | 55,135 | ||||
37,836 | 2.50%, 9/1/27, Pool #AP5205 | 35,971 | ||||
14,678 | 2.50%, 2/1/28, Pool #AB8446 | 13,954 | ||||
32,853 | 2.50%, 4/1/28, Pool #AB8870 | 31,733 | ||||
21,928 | 3.00%, 4/1/28, Pool #AT3121 | 21,370 | ||||
25,895 | 3.00%, 5/1/28, Pool #AT6033 | 25,001 | ||||
99,186 | 2.50%, 8/1/28, Pool #AS0190 | 93,399 | ||||
117,017 | 3.50%, 10/1/28, Pool #AV0198 | 114,845 | ||||
5,119 | 3.00%, 10/1/28, Pool #AQ4132 | 4,893 | ||||
58,198 | 3.00%, 10/1/28, Pool #AU8774 | 56,193 | ||||
6,558 | 3.00%, 11/1/28, Pool #AV0298 | 6,267 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
| |||||
Federal National Mortgage Association, continued |
| |||||
$225,439 | 3.50%, 11/1/28, Pool #AV1360 | $ | 221,257 | |||
143,399 | 3.00%, 4/1/29, Pool #AW0937 | 137,449 | ||||
135,102 | 3.00%, 5/1/29, Pool #AW2544 | 130,986 | ||||
212,763 | 3.00%, 6/1/29, Pool #AS2676 | 203,925 | ||||
49,390 | 3.00%, 7/1/29, Pool #AW1281 | 47,146 | ||||
289,011 | 3.00%, 7/1/29, Pool #AW4229 | 280,245 | ||||
49,455 | 3.50%, 9/1/29, Pool #AX0105 | 48,448 | ||||
410,092 | 3.00%, 9/1/29, Pool #AL6897 | 397,572 | ||||
136,188 | 3.00%, 9/1/29, Pool #AS3220 | 130,528 | ||||
15,652 | 3.50%, 10/1/29, Pool #AX2741 | 15,336 | ||||
81,695 | 3.00%, 10/1/29, Pool #AS3594 | 79,212 | ||||
297,225 | 3.00%, 1/1/30, Pool #AL6144 | 284,909 | ||||
2,605,000 | 4.55%, 1/15/30(d) | 1,983,319 | ||||
10,660 | 2.50%, 2/1/30, Pool #AS4485 | 10,236 | ||||
12,000 | 2.50%, 2/1/30, Pool #AS4488 | 11,385 | ||||
37,399 | 2.50%, 2/1/30, Pool #BM3403 | 35,275 | ||||
82,357 | 2.50%, 3/1/30, Pool #AS4688 | 76,230 | ||||
63,594 | 3.00%, 3/1/30, Pool #AL6583 | 61,203 | ||||
31,928 | 2.50%, 4/1/30, Pool #AY3416 | 29,551 | ||||
51,624 | 3.00%, 4/1/30, Pool #AL6584 | 49,746 | ||||
28,815 | 3.00%, 5/1/30, Pool #AL6761 | 27,935 | ||||
17,640 | 2.50%, 5/1/30, Pool #AY0828 | 16,606 | ||||
3,901,000 | 4.59%, 5/15/30(d) | 2,928,461 | ||||
159,462 | 3.00%, 6/1/30, Pool #AL9381 | 154,337 | ||||
7,579 | 3.00%, 7/1/30, Pool #AZ2297 | 7,295 | ||||
65,643 | 2.50%, 7/1/30, Pool #AS5403 | 62,322 | ||||
19,977 | 2.50%, 7/1/30, Pool #AZ2170 | 18,498 | ||||
11,589 | 2.50%, 7/1/30, Pool #AS5405 | 11,092 | ||||
57,603 | 3.00%, 7/1/30, Pool #AX9701 | 55,502 | ||||
11,213 | 3.00%, 7/1/30, Pool #AX9700 | 10,792 | ||||
43,726 | 3.00%, 7/1/30, Pool #AL7139 | 42,134 | ||||
113,020 | 2.50%, 8/1/30, Pool #BM3552 | 106,039 | ||||
40,803 | 2.50%, 8/1/30, Pool #AS5614 | 37,780 | ||||
4,260 | 3.00%, 8/1/30, Pool #AZ8597 | 4,100 | ||||
56,477 | 3.00%, 8/1/30, Pool #AS5623 | 54,467 | ||||
50,994 | 3.00%, 8/1/30, Pool #AS5622 | 49,145 | ||||
30,685 | 2.50%, 8/1/30, Pool #AS5548 | 29,127 | ||||
62,762 | 3.00%, 8/1/30, Pool #AL7227 | 60,528 | ||||
10,322 | 3.00%, 8/1/30, Pool #AZ7833 | 9,935 | ||||
10,891 | 3.00%, 8/1/30, Pool #AX3298 | 10,482 | ||||
74,642 | 3.00%, 8/1/30, Pool #AL7225 | 71,932 | ||||
66,603 | 2.50%, 8/1/30, Pool #AS5616 | 63,957 | ||||
43,021 | 3.50%, 8/1/30, Pool #AS5708 | 42,093 | ||||
53,797 | 2.50%, 9/1/30, Pool #AS5872 | 49,797 | ||||
41,458 | 2.50%, 9/1/30, Pool #AS5786 | 39,356 | ||||
54,711 | 3.00%, 9/1/30, Pool #AS5728 | 52,655 | ||||
46,336 | 3.00%, 9/1/30, Pool #AS5714 | 44,649 | ||||
13,864 | 3.00%, 9/1/30, Pool #AL7320 | 13,444 | ||||
22,602 | 3.00%, 9/1/30, Pool #AZ5719 | 21,753 | ||||
45,184 | 2.50%, 11/1/30, Pool #AS6115 | 43,384 | ||||
39,501 | 2.50%, 11/1/30, Pool #AS6116 | 37,804 | ||||
52,045 | 2.50%, 11/1/30, Pool #AS6141 | 48,175 | ||||
43,228 | 2.50%, 11/1/30, Pool #AS6142 | 41,034 | ||||
6,624 | 2.50%, 11/1/30, Pool #AL7800 | 6,360 | ||||
713,534 | 3.00%, 1/1/31, Pool #BM3537 | 684,314 | ||||
61,037 | 2.50%, 3/1/31, Pool #BM1595 | 58,132 | ||||
1,236,659 | 1.50%, 6/1/31, Pool #MA4367 | 1,124,607 | ||||
80,690 | 2.50%, 6/1/31, Pool #AS7320 | 74,679 | ||||
127,714 | 2.50%, 7/1/31, Pool #AS7605 | 118,229 |
See accompanying notes to the schedules of portfolio investments.
90
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
| |||||
Federal National Mortgage Association, continued |
| |||||
$133,615 |
2.50%, 7/1/31, Pool #AS7617 | $ | 123,682 | |||
2,273,273 |
1.50%, 7/1/31, Pool #MA4389 | 2,067,238 | ||||
905,415 |
3.00%, 8/1/31, Pool #AL9376 | 872,702 | ||||
22,225 |
4.00%, 8/1/31, Pool #AY4707 | 22,192 | ||||
15,301 |
4.00%, 8/1/31, Pool #AY4688 | 15,178 | ||||
5,148 |
2.50%, 8/1/31, Pool #BC2777 | 4,765 | ||||
90,814 |
3.00%, 9/1/31, Pool #AL9378 | 87,671 | ||||
45,720 |
2.00%, 10/1/31, Pool #MA2774 | 41,984 | ||||
171,870 |
2.50%, 10/1/31, Pool #AS8009 | 162,581 | ||||
229,828 |
2.50%, 10/1/31, Pool #AS8193 | 217,385 | ||||
546,731 |
2.50%, 10/1/31, Pool #AS8195 | 518,640 | ||||
1,091,427 |
2.50%, 10/1/31, Pool #BC4773 | 1,035,159 | ||||
324,904 |
2.50%, 10/1/31, Pool #AS8208 | 300,714 | ||||
92,854 |
2.50%, 11/1/31, Pool #AS8245 | 88,072 | ||||
122,111 |
2.50%, 11/1/31, Pool #AS8241 | 115,500 | ||||
195,401 |
2.50%, 11/1/31, Pool #AS8240 | 180,848 | ||||
106,601 |
2.50%, 11/1/31, Pool #BC2628 | 101,132 | ||||
231,185 |
2.00%, 11/1/31, Pool #AS8251 | 212,279 | ||||
269,268 |
2.00%, 11/1/31, Pool #BM3054 | 247,240 | ||||
14,147 |
2.00%, 11/1/31, Pool #AS8291 | 12,991 | ||||
172,120 |
2.50%, 11/1/31, Pool #BC2631 | 163,804 | ||||
82,266 |
2.50%, 11/1/31, Pool #BC2629 | 76,134 | ||||
77,299 |
2.00%, 11/1/31, Pool #BC9040 | 70,977 | ||||
63,923 |
2.00%, 12/1/31, Pool #MA2845 | 58,693 | ||||
17,056 |
2.50%, 2/1/32, Pool #BM1036 | 16,221 | ||||
10,607 |
3.00%, 2/1/32, Pool #BE5670 | 10,179 | ||||
169,946 |
2.50%, 3/1/32, Pool #AS9317 | 159,789 | ||||
419,667 |
2.00%, 3/1/32, Pool #BM3061 | 385,349 | ||||
189,789 |
2.50%, 3/1/32, Pool #AS9316 | 175,632 | ||||
335,826 |
2.50%, 3/1/32, Pool #AS9319 | 318,346 | ||||
308,826 |
2.50%, 3/1/32, Pool #AS9321 | 293,391 | ||||
257,498 |
3.00%, 3/1/32, Pool #AS9327 | 247,133 | ||||
301,944 |
2.50%, 3/1/32, Pool #AS9318 | 284,328 | ||||
1,290,012 |
3.50%, 4/1/32, Pool #BM3503 | 1,260,206 | ||||
1,295,000 |
Class A2 , Series 2022-M1S2.08%, 4/25/32 | 1,087,895 | ||||
924,563 |
3.50%, 5/1/32, Pool #BM1602 | 903,970 | ||||
1,338,701 |
3.00%, 6/1/32, Pool #BM1791 | 1,287,059 | ||||
407,377 |
2.50%, 8/1/32, Pool #BM3578 | 383,661 | ||||
152,792 |
3.00%, 9/1/32, Pool #BM3240 | 147,176 | ||||
52,503 |
3.50%, 11/1/32, Pool #BJ2054 | 51,291 | ||||
31,496 |
3.50%, 1/1/33, Pool #BJ2096 | 30,873 | ||||
55,668 |
5.50%, 1/1/33, Pool #676661 | 57,616 | ||||
770,361 |
2.50%, 2/1/33, Pool #BM3793 | 713,075 | ||||
37,734 |
5.50%, 5/1/33, Pool #555424 | 39,204 | ||||
1,743,289 |
3.00%, 5/1/33, Pool #FM1880 | 1,677,483 | ||||
49,757 |
4.00%, 9/1/33, Pool #BK7642 | 49,364 | ||||
154,296 |
4.00%, 10/1/33, Pool #CA2527 | 152,521 | ||||
150,212 |
4.00%, 11/1/33, Pool #CA2555 | 149,862 | ||||
287,962 |
2.50%, 12/1/33, Pool #FM1680 | 270,446 | ||||
3,430,000 |
Class A3 , Series 2022-M52.37%, 1/1/34 | 2,869,331 | ||||
92,190 |
5.50%, 2/1/35, Pool #735989 | 95,779 | ||||
282,784 |
5.00%, 2/1/35, Pool #735226 | 290,585 | ||||
22,409 |
5.00%, 3/1/35, Pool #735288 | 22,888 | ||||
8,740 |
6.00%, 4/1/35, Pool #735504 | 8,927 | ||||
315,155 |
2.00%, 6/1/35, Pool #CA5939 | 286,656 | ||||
656,887 |
2.00%, 6/1/35, Pool #CA5933 | 597,686 | ||||
168,167 |
3.00%, 8/1/35, Pool #CA6849 | 160,193 | ||||
162,371 |
3.00%, 8/1/35, Pool #CA6876 | 154,791 | ||||
2,585,000 |
1.53%, 8/17/35, Callable 8/17/23 @ 100.00 | 1,853,150 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal National Mortgage Association, continued |
||||||
$3,170,000 |
1.60%, 8/24/35, Callable 5/24/23 @ 100.00 | $ | 2,289,653 | |||
295,483 |
2.00%, 9/1/35, Pool #CA6840 | 268,092 | ||||
316,889 |
2.00%, 9/1/35, Pool #CA7136 | 287,469 | ||||
43,076 |
5.00%, 9/1/35, Pool #889974 | 44,097 | ||||
2,770,000 |
1.78%, 11/16/35, Callable 5/16/23 @ 100.00 | 2,033,163 | ||||
1,037,328 |
2.50%, 12/1/35, Pool #CA8388 | 964,593 | ||||
101,315 |
3.00%, 12/1/35, Pool #CA8389 | 96,585 | ||||
47,491 |
3.00%, 12/1/35, Pool #CA8391 | 44,967 | ||||
913,781 |
2.50%, 12/1/35, Pool #CA8387 | 851,749 | ||||
1,056,650 |
1.50%, 12/1/35, Pool #CA8377 | 926,724 | ||||
103,831 |
4.00%, 1/1/36, Pool #AB0686 | 104,099 | ||||
404,378 |
2.00%, 2/1/36, Pool #FM6149 | 366,892 | ||||
554,571 |
2.00%, 3/1/36, Pool #CA9432 | 501,339 | ||||
436,937 |
2.50%, 3/1/36, Pool #CA9444 | 407,747 | ||||
293,563 |
1.50%, 3/1/36, Pool #CA9422 | 261,882 | ||||
758,365 |
2.00%, 4/1/36, Pool #FM7495 | 687,906 | ||||
459,722 |
1.50%, 5/1/36, Pool #CB0622 | 410,178 | ||||
539,740 |
2.00%, 5/1/36, Pool #CB0428 | 489,558 | ||||
1,657,781 |
1.50%, 6/1/36, Pool #FM7423 | 1,454,123 | ||||
833,559 |
2.00%, 7/1/36, Pool #FM8117 | 754,105 | ||||
214,911 |
5.50%, 9/1/36, Pool #995113 | 222,888 | ||||
23,915 |
3.00%, 10/1/36, Pool #AL9227 | 22,454 | ||||
79,903 |
3.00%, 11/1/36, Pool #AS8349 | 73,622 | ||||
194,659 |
3.00%, 11/1/36, Pool #AS8348 | 176,704 | ||||
390,605 |
2.00%, 11/1/36, Pool #FM9318 | 353,383 | ||||
6,096,617 |
1.50%, 12/1/36, Pool #FS0003 | 5,346,868 | ||||
187,921 |
3.00%, 12/1/36, Pool #BE1896 | 176,422 | ||||
253,799 |
3.00%, 12/1/36, Pool #AS8553 | 233,893 | ||||
386,116 |
2.00%, 1/1/37, Pool #FS0216 | 350,943 | ||||
484,115 |
1.50%, 2/1/37, Pool #FS3221 | 431,955 | ||||
379,551 |
2.00%, 2/1/37, Pool #FS0754 | 343,187 | ||||
853,115 |
2.00%, 2/1/37, Pool #CB2967 | 772,858 | ||||
163,829 |
2.00%, 2/1/37, Pool #FS0610 | 148,280 | ||||
1,530,047 |
2.00%, 3/1/37, Pool #FS1331 | 1,378,655 | ||||
443,394 |
2.00%, 3/1/37, Pool #CB2966 | 401,200 | ||||
1,987,060 |
2.00%, 3/1/37, Pool #FS1330 | 1,788,671 | ||||
1,172,373 |
2.00%, 4/1/37, Pool #FS3325 | 1,061,434 | ||||
8,362 |
5.50%, 2/1/38, Pool #961545 | 8,636 | ||||
7,722 |
6.00%, 3/1/38, Pool #889529 | 8,183 | ||||
6,216,000 |
2.50%, 4/25/38, TBA | 5,751,743 | ||||
2,814,000 |
3.00%, 4/25/38, TBA | 2,664,067 | ||||
12,855,333 |
2.00%, 4/25/38, TBA | 11,575,826 | ||||
1,710,710 |
1.50%, 4/25/38, TBA | 1,500,881 | ||||
1,049,000 |
4.50%, 4/25/38, TBA | 1,044,575 | ||||
768,234 |
3.50%, 4/25/38, TBA | 742,066 | ||||
1,068,000 |
4.00%, 4/25/38, TBA | 1,050,144 | ||||
45,203 |
5.50%, 5/1/38, Pool #889441 | 44,852 | ||||
22,007 |
6.00%, 5/1/38, Pool #889466 | 23,320 | ||||
48,521 |
5.50%, 5/1/38, Pool #889692 | 50,184 | ||||
32,749 |
5.50%, 6/1/38, Pool #995018 | 34,016 | ||||
9,453 |
5.50%, 9/1/38, Pool #889995 | 9,787 | ||||
22,690 |
6.00%, 10/1/38, Pool #889983 | 23,980 | ||||
133,592 |
5.50%, 1/1/39, Pool #AB0200 | 142,588 | ||||
41,916 |
4.50%, 4/1/39, Pool #930922 | 42,683 | ||||
52,716 |
4.50%, 5/1/39, Pool #AL1472 | 53,296 | ||||
34,798 |
3.50%, 5/1/39, Pool #MA3660 | 32,428 | ||||
517,124 |
5.00%, 6/1/39, Pool #AL7521 | 529,374 | ||||
348,145 |
6.00%, 7/1/39, Pool #BF0056 | 368,215 | ||||
24,071 |
5.50%, 10/1/39, Pool #AD0362 | 24,455 |
See accompanying notes to the schedules of portfolio investments.
91
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal National Mortgage Association, continued |
||||||
$183,342 | 5.50%, 12/1/39, Pool #AC6680 | $ | 188,241 | |||
25,497 | 5.50%, 12/1/39, Pool #AD0571 | 26,776 | ||||
148,020 | 3.50%, 12/1/39, Pool #MA3869 | 137,939 | ||||
2,383,539 | 4.50%, 1/1/40, Pool #AC8568 | 2,400,992 | ||||
64,087 | 3.50%, 1/1/40, Pool #MA3891 | 59,725 | ||||
111,689 | 3.50%, 2/1/40, Pool #MA3935 | 104,077 | ||||
19,537 | 5.50%, 3/1/40, Pool #AL5304 | 21,151 | ||||
151,439 | 6.00%, 4/1/40, Pool #AL4141 | 160,105 | ||||
17,615 | 4.50%, 4/1/40, Pool #AD4038 | 17,933 | ||||
28,532 | 6.50%, 5/1/40, Pool #AL1704 | 30,398 | ||||
43,254 | 4.50%, 7/1/40, Pool #AD7127 | 43,572 | ||||
32,194 | 4.50%, 7/1/40, Pool #AB1226 | 32,429 | ||||
17,093 | 6.00%, 9/1/40, Pool #AE0823 | 17,748 | ||||
2,680,000 | Class CY , Series 2010-1364.00%, 12/25/40 | 2,603,146 | ||||
18,201 | 4.00%, 1/1/41, Pool #AL7167 | 17,725 | ||||
2,727,839 | Class ZA , Series 2011-84.00%, 2/25/41 | 2,669,870 | ||||
38,268 | 6.00%, 6/1/41, Pool #AL4142 | 41,067 | ||||
14,500 | 4.50%, 7/1/41, Pool #AB3314 | 14,607 | ||||
241,170 | 5.00%, 7/1/41, Pool #AL7524 | 240,743 | ||||
446,327 | 5.50%, 9/1/41, Pool #AL8430 | 463,145 | ||||
26,368 | 4.50%, 9/1/41, Pool #AI8961 | 26,745 | ||||
14,549,403 | 1.50%, 11/1/41, Pool #FS0316 | 11,937,069 | ||||
7,414,475 | 1.50%, 12/1/41, Pool #MA4500 | 6,083,350 | ||||
2,331,141 | 2.00%, 12/1/41, Pool #MA4501 | 1,971,405 | ||||
133,612 | 3.50%, 1/1/42, Pool #AW8154 | 125,779 | ||||
570,724 | 4.00%, 1/1/42, Pool #AB4307 | 567,416 | ||||
588,763 | 2.00%, 2/1/42, Pool #MA4540 | 502,728 | ||||
877,933 | 2.00%, 3/1/42, Pool #MA4586 | 749,601 | ||||
5,677,291 | 2.00%, 3/1/42, Pool #MA4570 | 4,847,681 | ||||
22,742 | 3.50%, 4/1/42, Pool #AK7510 | 21,974 | ||||
53,618 | 3.50%, 4/1/42, Pool #AO0777 | 49,748 | ||||
7,272 | 3.50%, 5/1/42, Pool #AO2881 | 7,031 | ||||
115,595 | 4.00%, 5/1/42, Pool #AO2961 | 114,292 | ||||
27,943 | 4.00%, 5/1/42, Pool #A02114 | 27,631 | ||||
8,835 | 3.50%, 6/1/42, Pool #AO3048 | 8,537 | ||||
11,177 | 3.50%, 6/1/42, Pool #AK9225 | 10,800 | ||||
24,798 | 3.50%, 7/1/42, Pool #AO9707 | 23,959 | ||||
114,768 | 4.50%, 9/1/42, Pool #AL2482 | 115,041 | ||||
677,062 | 4.50%, 1/1/43, Pool #AL8206 | 680,345 | ||||
53,697 | 3.00%, 3/1/43, Pool #AR7576 | 49,323 | ||||
43,257 | 3.00%, 3/1/43, Pool #AR7568 | 39,732 | ||||
63,874 | 3.00%, 3/1/43, Pool #AR9218 | 58,662 | ||||
63,666 | 3.00%, 4/1/43, Pool #AR8630 | 58,492 | ||||
51,500 | 3.00%, 4/1/43, Pool #AB8924 | 47,302 | ||||
52,581 | 3.00%, 4/1/43, Pool #AB8923 | 48,330 | ||||
55,422 | 3.00%, 4/1/43, Pool #AT2043 | 50,928 | ||||
85,958 | 3.00%, 4/1/43, Pool #AT2040 | 78,953 | ||||
22,165 | 3.00%, 4/1/43, Pool #AT2037 | 20,362 | ||||
632 | 3.50%, 4/1/43, Pool #CA1530 | 594 | ||||
7,371 | 3.00%, 6/1/43, Pool #AB9564 | 6,886 | ||||
457,394 | 5.00%, 12/1/43, Pool #AL7777 | 471,860 | ||||
236,147 | 5.00%, 11/1/44, Pool #AL8878 | 240,796 | ||||
585,492 | 3.50%, 2/1/45, Pool #FM5294 | 557,387 | ||||
189,871 | 3.50%, 2/1/45, Pool #BM1100 | 183,541 | ||||
137,454 | 5.00%, 6/1/45, Pool #BM3784 | 140,828 | ||||
95,454 | 4.50%, 9/1/45, Pool #AL7936 | 96,654 | ||||
2,613,503 | 3.50%, 9/1/45, Pool #FM3224 | 2,480,225 | ||||
2,972 | 4.50%, 11/1/45, Pool #AS6233 | 2,938 | ||||
5,610,953 | 3.50%, 11/1/45, Pool #FM6411 | 5,304,768 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal National Mortgage Association, continued |
||||||
$56,339 | 4.50%, 11/1/45, Pool #AL9501 | $ | 58,080 | |||
130,006 | 4.50%, 12/1/45, Pool #BM1756 | 128,789 | ||||
14,318 | 3.00%, 6/1/46, Pool #AS7365 | 13,027 | ||||
400,750 | 4.50%, 7/1/46, Pool #BM1920 | 408,765 | ||||
313,796 | 4.50%, 7/1/46, Pool #BM3053 | 325,794 | ||||
958,957 | 3.50%, 7/1/46, Pool #BA7748 | 909,657 | ||||
18,014 | 3.00%, 8/1/46, Pool #AL9031 | 16,602 | ||||
555,492 | Class UF , Series 2016-485.25%(US0001M+40bps), 8/25/46 | 549,677 | ||||
963,362 | 3.00%, 9/1/46, Pool #BD1469 | 869,604 | ||||
113,213 | 3.00%, 11/1/46, Pool #BD9643 | 104,015 | ||||
285,075 | 3.00%, 11/1/46, Pool #BD9644 | 261,909 | ||||
146,941 | 3.00%, 11/1/46, Pool #BD9645 | 131,761 | ||||
938,640 | 3.00%, 12/1/46, Pool #AS8486 | 847,419 | ||||
230,497 | 3.50%, 12/1/46, Pool #BE2103 | 217,284 | ||||
802,585 | 3.50%, 2/1/47, Pool #AL9920 | 756,790 | ||||
362,059 | 3.50%, 2/1/47, Pool #BE1534 | 341,031 | ||||
71,606 | 3.50%, 3/1/47, Pool #BH0158 | 67,444 | ||||
347,303 | 3.50%, 5/1/47, Pool #BM1174 | 331,000 | ||||
283,429 | 4.00%, 5/1/47, Pool #BH0398 | 274,964 | ||||
177,716 | 3.50%, 5/1/47, Pool #BE9375 | 167,389 | ||||
480,669 | 3.50%, 5/1/47, Pool #BD2417 | 452,864 | ||||
133,889 | 3.50%, 6/1/47, Pool #BH0567 | 126,108 | ||||
221,186 | 4.00%, 7/1/47, Pool #BH3401 | 214,569 | ||||
307,345 | 4.00%, 8/1/47, Pool #BM1619 | 298,174 | ||||
20,740 | 4.00%, 9/1/47, Pool #MA3121 | 20,103 | ||||
153,012 | 4.50%, 10/1/47, Pool #BM3052 | 152,975 | ||||
647,594 | 3.50%, 11/1/47, Pool #MA3182 | 608,920 | ||||
186,899 | 4.50%, 12/1/47, Pool #BH7067 | 188,758 | ||||
1,384,408 | 3.50%, 1/1/48, Pool #FM5293 | 1,315,512 | ||||
391,797 | 3.50%, 1/1/48, Pool #MA3238 | 368,388 | ||||
68,313 | 4.00%, 2/1/48, Pool #BJ9057 | 66,550 | ||||
76,403 | 4.00%, 2/1/48, Pool #BJ9058 | 74,267 | ||||
299,731 | 3.50%, 2/1/48, Pool #BH9277 | 281,497 | ||||
389,146 | 3.50%, 3/1/48, Pool #BJ4916 | 365,429 | ||||
128,538 | 3.50%, 3/1/48, Pool #BK1958 | 120,708 | ||||
198,569 | 3.50%, 3/1/48, Pool #BJ0648 | 186,497 | ||||
148,485 | 4.50%, 4/1/48, Pool #BM3846 | 149,386 | ||||
3,491,886 | 4.50%, 4/1/48, Pool #FM7783 | 3,465,635 | ||||
233,491 | 3.50%, 4/1/48, Pool #FM5295 | 223,389 | ||||
37,367 | 4.00%, 4/1/48, Pool #MA3333 | 36,167 | ||||
42,303 | 4.00%, 5/1/48, Pool #CA2708 | 40,944 | ||||
13,522 | 3.50%, 5/1/48, Pool #MA3356 | 12,699 | ||||
2,062,763 | 4.50%, 5/1/48, Pool #CA1704 | 2,077,081 | ||||
164,450 | 5.00%, 6/1/48, Pool #CA2317 | 165,085 | ||||
30,758 | 4.00%, 6/1/48, Pool #MA3384 | 29,770 | ||||
10,830 | 4.50%, 7/1/48, Pool #BK4471 | 10,903 | ||||
30,940 | 4.00%, 7/1/48, Pool #MA3415 | 29,946 | ||||
74,803 | 4.50%, 7/1/48, Pool #BK6113 | 75,234 | ||||
675,834 | 5.00%, 9/1/48, Pool #MA3472 | 678,437 | ||||
91,279 | 4.00%, 10/1/48, Pool #CA2469 | 88,646 | ||||
50,384 | 5.00%, 10/1/48, Pool #MA3501 | 50,578 | ||||
130,996 | 5.00%, 10/1/48, Pool #BK7881 | 131,503 | ||||
89,961 | 5.00%, 11/1/48, Pool #MA3527 | 90,308 | ||||
8,946 | 3.50%, 11/1/48, Pool #FM1543 | 8,436 | ||||
30,400 | 5.00%, 12/1/48, Pool #BN4404 | 30,720 | ||||
28,408 | 5.00%, 1/1/49, Pool #BN4430 | 28,706 | ||||
1,281,127 | 4.00%, 1/1/49, Pool #FM5296 | 1,245,794 | ||||
96,576 | 5.00%, 1/1/49, Pool #BN3949 | 96,949 |
See accompanying notes to the schedules of portfolio investments.
92
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal National Mortgage Association, continued |
||||||
$276,699 | 3.50%, 6/1/49, Pool #FM5315 | $ | 260,770 | |||
808,297 | 4.00%, 9/1/49, Pool #FM3665 | 785,050 | ||||
651,154 | 3.50%, 12/1/49, Pool #MA3210 | 612,256 | ||||
4,842,238 | 3.00%, 3/1/50, Pool #FM5290 | 4,383,509 | ||||
365,327 | 4.00%, 3/1/50, Pool #CA5368 | 353,593 | ||||
338,840 | 4.00%, 5/1/50, Pool #FM7973 | 327,527 | ||||
472,303 | 4.00%, 6/1/50, Pool #CA6106 | 452,981 | ||||
3,043,514 | 2.50%, 7/1/50, Pool #CA6343 | 2,658,131 | ||||
3,026,776 | 2.50%, 7/1/50, Pool #CA6341 | 2,643,498 | ||||
1,749,608 | 2.50%, 7/1/50, Pool #CA6359 | 1,534,298 | ||||
2,980,778 | 2.50%, 7/1/50, Pool #CA6342 | 2,603,450 | ||||
892,809 | 2.50%, 8/1/50, Pool #CA6711 | 779,746 | ||||
279,736 | 4.00%, 8/1/50, Pool #FM7703 | 270,486 | ||||
2,865,917 | 2.50%, 8/1/50, Pool #CA6636 | 2,503,385 | ||||
1,811,665 | 3.00%, 8/1/50, Pool #FM5292 | 1,643,823 | ||||
3,513,011 | 2.50%, 8/1/50, Pool #CA6577 | 3,068,372 | ||||
388,524 | 2.00%, 9/1/50, Pool #BQ0697 | 322,092 | ||||
1,252,121 | 2.00%, 9/1/50, Pool #MA4119 | 1,038,029 | ||||
2,253,963 | 2.00%, 10/1/50, Pool #MA4158 | 1,868,548 | ||||
2,036,752 | 1.50%, 10/1/50, Pool #MA4157 | 1,597,291 | ||||
574,019 | 2.50%, 11/1/50, Pool #FM4874 | 503,352 | ||||
2,015,583 | 2.50%, 11/1/50, Pool #CA7597 | 1,767,304 | ||||
313,265 | 2.00%, 11/1/50, Pool #BQ6334 | 260,429 | ||||
1,765,800 | 1.50%, 11/1/50, Pool #MA4181 | 1,382,890 | ||||
1,371,956 | 2.00%, 12/1/50, Pool #FM5176 | 1,146,619 | ||||
441,418 | 2.00%, 12/1/50, Pool #FM5305 | 369,314 | ||||
14,746,799 | 3.50%, 1/1/51, Pool #FM7599 | 13,834,088 | ||||
520,115 | 2.50%, 1/1/51, Pool #CA8592 | 454,260 | ||||
1,713,216 | 4.00%, 1/1/51, Pool #FM7031 | 1,655,504 | ||||
31,515,824 | 2.00%, 1/1/51, Pool #MA4237 | 26,127,044 | ||||
2,758,786 | 2.00%, 2/1/51, Pool #BR1615 | 2,283,253 | ||||
1,454,656 | 2.50%, 2/1/51, Pool #CA9038 | 1,264,970 | ||||
1,880,320 | 4.00%, 3/1/51, Pool #FM7460 | 1,814,100 | ||||
891,954 | 2.00%, 3/1/51, Pool #BN8997 | 745,932 | ||||
502,135 | 2.00%, 3/1/51, Pool #BN9004 | 421,090 | ||||
181,790 | 2.50%, 3/1/51, Pool #BR4654 | 158,033 | ||||
2,359,953 | 1.50%, 3/1/51, Pool #MA4280 | 1,850,691 | ||||
321,018 | 2.00%, 4/1/51, Pool #FS0599 | 268,569 | ||||
228,382 | 2.50%, 4/1/51, Pool #BR8896 | 198,564 | ||||
1,265,065 | 2.00%, 4/1/51, Pool #FM6863 | 1,058,803 | ||||
129,607 | 2.50%, 4/1/51, Pool #BR8283 | 112,727 | ||||
675,791 | 2.00%, 4/1/51, Pool #BR7241 | 566,847 | ||||
833,855 | 2.00%, 4/1/51, Pool #BR7802 | 697,315 | ||||
122,352 | 2.50%, 5/1/51, Pool #BR8915 | 106,362 | ||||
9,458,552 | 4.00%, 5/1/51, Pool #FS1463 | 9,148,628 | ||||
71,874 | 2.50%, 5/1/51, Pool #BR8296 | 62,482 | ||||
2,163,802 | 2.50%, 5/1/51, Pool #CB0383 | 1,888,936 | ||||
6,265,950 | 3.00%, 6/1/51, Pool #CB0848 | 5,666,995 | ||||
200,796 | 2.50%, 7/1/51, Pool #BP3574 | 174,608 | ||||
8,986,373 | 2.00%, 8/1/51, Pool #CB1310 | 7,435,943 | ||||
10,562,549 | 2.00%, 8/1/51, Pool #CB1309 | 8,741,976 | ||||
467,348 | 2.00%, 10/1/51, Pool #MA4465 | 386,751 | ||||
71,198 | 2.50%, 10/1/51, Pool #BT8452 | 61,891 | ||||
730,148 | 2.50%, 10/1/51, Pool #CB1806 | 637,413 | ||||
2,659,324 | 3.00%, 11/1/51, Pool #CB2165 | 2,399,881 | ||||
1,238,632 | 2.00%, 11/1/51, Pool #CB2139 | 1,034,433 | ||||
975,800 | 2.50%, 11/1/51, Pool #FS0026 | 853,311 | ||||
2,539,643 | 2.00%, 11/1/51, Pool #CB2054 | 2,129,723 | ||||
3,097,105 | 2.00%, 11/1/51, Pool #FS1334 | 2,565,170 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal National Mortgage Association, continued |
||||||
$1,093,967 | 2.00%, 11/1/51, Pool #FM9452 | $ | 915,569 | |||
2,246,259 | 2.00%, 11/1/51, Pool #FM9538 | 1,883,807 | ||||
2,337,632 | 2.00%, 11/1/51, Pool #CB2079 | 1,939,381 | ||||
1,599,532 | 2.00%, 12/1/51, Pool #FS0212 | 1,335,489 | ||||
1,605,784 | 2.00%, 12/1/51, Pool #FS0211 | 1,336,786 | ||||
712,731 | 2.00%, 12/1/51, Pool #FM9730 | 597,649 | ||||
1,066,251 | 2.00%, 12/1/51, Pool #FM9925 | 897,992 | ||||
1,349,655 | 2.00%, 12/1/51, Pool #MA4492 | 1,116,897 | ||||
1,193,400 | 3.00%, 12/1/51, Pool #CB2418 | 1,081,195 | ||||
311,239 | 2.00%, 12/1/51, Pool #FS0598 | 260,633 | ||||
558,056 | 2.50%, 12/1/51, Pool #CB2372 | 487,166 | ||||
2,397,849 | 2.50%, 1/1/52, Pool #FS0208 | 2,096,327 | ||||
2,999,919 | 2.50%, 1/1/52, Pool #FS0209 | 2,618,813 | ||||
814,313 | 2.00%, 1/1/52, Pool #FS1406 | 672,854 | ||||
2,699,174 | 2.50%, 1/1/52, Pool #FS0378 | 2,365,292 | ||||
1,264,319 | 2.00%, 1/1/52, Pool #FS0290 | 1,060,467 | ||||
1,842,969 | 2.50%, 1/1/52, Pool #FS0193 | 1,602,300 | ||||
3,620,140 | 2.50%, 1/1/52, Pool #CB2622 | 3,164,884 | ||||
1,975,031 | 2.50%, 1/1/52, Pool #CB2620 | 1,728,371 | ||||
1,469,005 | 2.00%, 1/1/52, Pool #CB2601 | 1,231,849 | ||||
2,402,259 | 2.50%, 1/1/52, Pool #CB2621 | 2,102,119 | ||||
1,123,663 | 2.50%, 1/1/52, Pool #CB2633 | 983,294 | ||||
1,961,306 | 2.00%, 1/1/52, Pool #FS0497 | 1,641,730 | ||||
6,923,347 | 2.00%, 2/1/52, Pool #FS2040 | 5,720,656 | ||||
575,247 | 2.50%, 2/1/52, Pool #CB2854 | 502,314 | ||||
400,467 | 2.50%, 2/1/52, Pool #CB2863 | 352,867 | ||||
2,429,365 | 2.50%, 2/1/52, Pool #CB2856 | 2,110,764 | ||||
898,901 | 2.00%, 2/1/52, Pool #FS0646 | 754,534 | ||||
3,830,533 | 2.00%, 2/1/52, Pool #CB2838 | 3,185,612 | ||||
741,857 | 2.00%, 2/1/52, Pool #CB2836 | 621,202 | ||||
1,718,508 | 2.00%, 2/1/52, Pool #CB2837 | 1,442,329 | ||||
2,048,693 | 2.50%, 2/1/52, Pool #CB2855 | 1,781,965 | ||||
299,996 | 3.00%, 3/1/52, Pool #CB3115 | 271,679 | ||||
1,633,034 | 2.00%, 3/1/52, Pool #CB3105 | 1,370,518 | ||||
2,349,526 | 2.00%, 3/1/52, Pool #CB3101 | 1,953,904 | ||||
4,293,866 | 2.00%, 3/1/52, Pool #CB3102 | 3,569,258 | ||||
931,965 | 2.50%, 3/1/52, Pool #FS1661 | 815,587 | ||||
865,345 | 3.00%, 4/1/52, Pool #FS1520 | 783,611 | ||||
850,899 | 4.00%, 4/1/52, Pool #FS1267 | 830,600 | ||||
4,618,532 | 3.00%, 4/25/52, TBA | 4,137,194 | ||||
5,212,503 | 4.00%, 5/1/52, Pool #FS3377 | 5,044,767 | ||||
615,330 | 3.50%, 5/1/52, Pool #BV8545 | 580,164 | ||||
4,544,368 | 4.00%, 5/1/52, Pool #FS1133 | 4,393,169 | ||||
1,351,300 | 3.00%, 5/1/52, Pool #FS1522 | 1,216,976 | ||||
492,773 | 4.50%, 7/1/52, Pool #MA4656 | 482,935 | ||||
640,850 | 3.50%, 7/1/52, Pool #FS2812 | 601,458 | ||||
465,898 | 3.50%, 8/1/52, Pool #CB4324 | 437,322 | ||||
484,962 | 3.50%, 9/1/52, Pool #CB4661 | 449,979 | ||||
101,621 | 3.50%, 9/1/52, Pool #CB4657 | 95,271 | ||||
298,285 | 3.50%, 9/1/52, Pool #CB4658 | 279,097 | ||||
390,665 | 3.50%, 9/1/52, Pool #CB4660 | 363,901 | ||||
519,697 | 6.00%, 11/1/52, Pool #FS3251 | 532,793 | ||||
998,404 | 5.00%, 12/1/52, Pool #MA4841 | 995,778 | ||||
1,425,005 | 5.50%, 1/1/53, Pool #BX6108 | 1,442,419 | ||||
432,673 | 5.00%, 1/1/53, Pool #BX4207 | 432,241 | ||||
1,127,743 | 5.50%, 1/1/53, Pool #CB5462 | 1,143,265 | ||||
2,542,836 | 5.00%, 1/1/53, Pool #CB5450 | 2,540,297 | ||||
6,529,198 | 5.00%, 4/25/53, TBA | 6,507,774 | ||||
3,785,000 | 5.50%, 4/25/53, TBA | 3,821,667 |
See accompanying notes to the schedules of portfolio investments.
93
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal National Mortgage Association, continued |
||||||
$6,439,200 | 1.50%, 4/25/53, TBA | $ | 5,042,699 | |||
21,523,488 | 2.00%, 4/25/53, TBA | 17,760,241 | ||||
41,879,500 | 2.50%, 4/25/53, TBA | 36,062,176 | ||||
6,474,500 | 6.00%, 4/25/53, TBA | 6,607,025 | ||||
9,774,000 | 3.50%, 4/25/53, TBA | 9,068,439 | ||||
13,651,055 | 3.50%, 5/25/53, TBA | 12,674,151 | ||||
26,300,000 | 3.00%, 5/25/53, TBA | 23,579,594 | ||||
|
|
|||||
491,482,714 | ||||||
|
|
|||||
Federal Home Loan Mortgage Corporation (7.4%) |
||||||
3,329,956 | Class A2 , Series KC023.37%, 7/25/25, Callable 8/25/25 @ 100.00 | 3,249,819 | ||||
71,658 | 3.00%, 9/1/27, Pool #U70060 | 69,239 | ||||
41,382 | 3.00%, 7/1/28, Pool #U79018 | 40,000 | ||||
591,000 | 4.45%, 9/15/29(d) | 457,472 | ||||
4,510,000 | Class XFX , Series KL061.36%, 12/25/29, Callable 9/25/29 @ 100.00 | 328,448 | ||||
23,454 | 3.00%, 1/1/30, Pool #V60724 | 22,620 | ||||
19,111 | 3.00%, 1/1/30, Pool #V60696 | 18,506 | ||||
41,052 | 2.50%, 3/1/30, Pool #V60770 | 39,010 | ||||
96,793 | 2.50%, 5/1/30, Pool #J31728 | 91,044 | ||||
62,206 | 2.50%, 5/1/30, Pool #V60796 | 58,394 | ||||
45,496 | 2.50%, 5/1/30, Pool #J31418 | 43,725 | ||||
84,403 | 3.00%, 5/1/30, Pool #J31689 | 81,081 | ||||
163,537 | 3.00%, 6/1/30, Pool #V60840 | 157,593 | ||||
15,825 | 2.50%, 7/1/30, Pool #J32204 | 15,033 | ||||
4,494 | 2.50%, 7/1/30, Pool #V60905 | 4,219 | ||||
14,121 | 2.50%, 7/1/30, Pool #J32209 | 13,573 | ||||
77,811 | 3.00%, 7/1/30, Pool #G15520 | 74,906 | ||||
3,670 | 2.50%, 7/1/30, Pool #J32491 | 3,453 | ||||
11,266 | 3.00%, 7/1/30, Pool #J32181 | 10,822 | ||||
67,734 | 2.50%, 8/1/30, Pool #V60886 | 65,016 | ||||
55,911 | 2.50%, 8/1/30, Pool #V60902 | 53,674 | ||||
17,236 | 3.00%, 8/1/30, Pool #V60909 | 16,610 | ||||
10,472 | 3.00%, 8/1/30, Pool #J32436 | 10,081 | ||||
54,215 | 2.50%, 9/1/30, Pool #V60903 | 51,520 | ||||
170,810 | 2.50%, 9/1/30, Pool #V60904 | 160,362 | ||||
7,219,473 | Class X1 , Series K1211.02%, 10/25/30, Callable 12/25/30 @ 100.00 | 422,979 | ||||
197,000 | 4.77%, 3/15/31(d) | 142,226 | ||||
190,000 | 6.75%, 3/15/31 | 227,132 | ||||
296,577 | 2.50%, 4/1/31, Pool #G16186 | 280,922 | ||||
5,182,805 | 1.50%, 5/1/31, Pool #RD5057 | 4,713,162 | ||||
785,474 | 1.50%, 6/1/31, Pool #RD5059 | 714,337 | ||||
570,000 | Class A2 , Series K1422.40%, 3/25/32, Callable 3/25/32 @ 100.00 | 491,797 | ||||
2,300,000 | Class A2 , Series K1442.45%, 4/25/32, Callable 5/25/32 @ 100.00 | 1,990,088 | ||||
3,575,000 | Class A2 , Series K1452.58%, 5/25/32, Callable 6/25/32 @ 100.00 | 3,124,576 | ||||
6,242 | 3.00%, 10/1/32, Pool #J37706 | 5,975 | ||||
8,348 | 3.00%, 11/1/32, Pool #J37835 | 7,991 | ||||
1,480,000 | Class A2 , Series K-1523.78%, 11/25/32, Callable 11/25/32 @ 100.00 | 1,424,546 | ||||
5,871 | 3.00%, 12/1/32, Pool #J38060 | 5,621 | ||||
1,670,000 | Class A2 , Series K-1544.35%, 1/25/33, Callable 2/25/33 @ 100.00 | 1,681,434 | ||||
2,083,233 | 2.50%, 4/1/33, Pool #ZS8087 | 1,946,204 | ||||
4,491,000 | Class A3 , Series K1563.70%, 6/25/33, Callable 7/25/33 @ 100.00 | 4,288,006 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal Home Loan Mortgage Corporation, continued |
| |||||
$101,958 | 3.50%, 1/1/34, Pool #ZS9068 | $ | 94,923 | |||
1,105,045 | 2.50%, 1/1/35, Pool #SB0298 | 1,027,116 | ||||
62,938 | 5.50%, 2/1/35, Pool #G04692 | 64,165 | ||||
383,013 | 3.50%, 5/1/35, Pool #SC0063 | 377,006 | ||||
1,550,000 | 1.46%, 8/17/35, Callable 8/17/23 @ 100.00 | 1,101,013 | ||||
893,741 | 2.00%, 9/1/35, Pool #SB0539 | 809,483 | ||||
1,943,475 | 2.00%, 1/1/36, Pool #SB0546 | 1,767,463 | ||||
1,094,557 | 2.00%, 2/1/36, Pool #RC1819 | 992,858 | ||||
1,188,664 | 2.00%, 2/1/36, Pool #SB8507 | 1,076,164 | ||||
374,287 | 2.00%, 3/1/36, Pool #SB0544 | 338,420 | ||||
2,249,850 | 1.50%, 4/1/36, Pool #SB0514 | 1,973,455 | ||||
347,413 | 1.50%, 4/1/36, Pool #SB0510 | 309,978 | ||||
455,699 | 1.50%, 5/1/36, Pool #RC1975 | 399,710 | ||||
2,237,557 | 2.00%, 5/1/36, Pool #RC1999 | 2,029,486 | ||||
3,155,000 | 1.72%, 9/22/36, Callable 6/22/23 @ 100.00 | 2,266,886 | ||||
1,786,513 | 2.00%, 4/1/37, Pool #SB0679 | 1,617,790 | ||||
43,916 | 3.00%, 9/1/37, Pool #ZA2471 | 40,764 | ||||
901,598 | 3.00%, 6/1/38, Pool #SC0111 | 850,312 | ||||
100,273 | 6.00%, 4/1/39, Pool #G07613 | 103,683 | ||||
15,034 | 4.50%, 12/1/39, Pool #A90196 | 15,144 | ||||
461,505 | 3.50%, 1/1/40, Pool #RB5028 | 430,030 | ||||
57,242 | 3.50%, 2/1/40, Pool #RB5034 | 53,345 | ||||
15,371 | 4.50%, 7/1/40, Pool #A93010 | 15,484 | ||||
15,063 | 4.00%, 8/1/40, Pool #A93534 | 14,445 | ||||
310,551 | 4.50%, 9/1/40, Pool #A93700 | 316,184 | ||||
109,109 | 4.00%, 9/1/40, Pool #A93851 | 106,109 | ||||
22,400 | 4.00%, 10/1/40, Pool #A95923 | 22,284 | ||||
15,757 | 4.00%, 11/1/40, Pool #A94977 | 15,675 | ||||
14,984 | 4.00%, 11/1/40, Pool #A95144 | 14,906 | ||||
15,900 | 4.00%, 11/1/40, Pool #A94779 | 15,818 | ||||
1,031 | 4.00%, 4/1/41, Pool #Q00093 | 1,016 | ||||
38,665 | 4.50%, 5/1/41, Pool #Q00959 | 38,947 | ||||
33,453 | 4.50%, 5/1/41, Pool #Q00804 | 33,698 | ||||
221,116 | Class FL , Series 42485.13%(US0001M+45bps), 5/15/41 | 219,013 | ||||
246,673 | 5.50%, 6/1/41, Pool #G07553 | 254,464 | ||||
52,525 | 5.00%, 10/1/41, Pool #G07642 | 53,861 | ||||
25,935 | 4.00%, 10/1/41, Pool #Q04022 | 25,788 | ||||
18,093 | 4.00%, 10/1/41, Pool #Q03841 | 17,990 | ||||
359,858 | 2.00%, 2/1/42, Pool #RB5145 | 307,261 | ||||
1,885,416 | 2.00%, 3/1/42, Pool #RB5148 | 1,609,843 | ||||
375,385 | 2.00%, 4/1/42, Pool #RB5153 | 320,498 | ||||
123,189 | 3.50%, 4/1/42, Pool #Q07417 | 119,243 | ||||
135,480 | 3.50%, 4/1/42, Pool #C03811 | 130,006 | ||||
3,981 | 3.50%, 5/1/42, Pool #Q08306 | 3,864 | ||||
11,684 | 3.50%, 5/1/42, Pool #Q08239 | 11,338 | ||||
103,461 | 3.50%, 8/1/42, Pool #G07106 | 100,161 | ||||
17,464 | 3.50%, 8/1/42, Pool #Q12162 | 16,904 | ||||
6,809 | 3.50%, 10/1/42, Pool #Q11909 | 6,591 | ||||
164,458 | 3.00%, 1/1/43, Pool #Q14866 | 155,335 | ||||
127,481 | 3.00%, 3/1/43, Pool #Q16673 | 117,090 | ||||
64,666 | 3.00%, 3/1/43, Pool #Q16403 | 59,407 | ||||
68,818 | 3.50%, 6/1/43, Pool #Q18718 | 64,642 | ||||
117,934 | 3.50%, 7/1/43, Pool #Q20206 | 110,148 | ||||
46,726 | 4.00%, 9/1/43, Pool #Q21579 | 46,241 | ||||
92,269 | 4.50%, 12/1/43, Pool #G60018 | 91,236 | ||||
126,041 | 4.50%, 12/1/43, Pool #Q23779 | 127,884 | ||||
13,131 | 3.50%, 1/1/44, Pool #Q24368 | 12,263 | ||||
1,041,226 | Class XZ , Series 43164.50%, 3/15/44 | 1,055,341 |
See accompanying notes to the schedules of portfolio investments.
94
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal Home Loan Mortgage Corporation, continued | ||||||
$55,353 | 4.00%, 4/1/44, Pool #Q25643 | $ | 54,798 | |||
545,900 | 3.50%, 4/1/44, Pool #G07848 | 515,521 | ||||
945,312 | Class ZX , Series 43524.00%, 4/15/44 | 924,168 | ||||
13,379 | 3.50%, 5/1/44, Pool #Q26218 | 12,800 | ||||
1,796,842 | 3.00%, 6/1/44, Pool #SD0498 | 1,655,076 | ||||
66,027 | 3.50%, 6/1/44, Pool #Q28764 | 63,913 | ||||
46,772 | 4.00%, 7/1/44, Pool #G60901 | 45,846 | ||||
12,336 | 3.50%, 7/1/44, Pool #Q27319 | 11,802 | ||||
1,859,017 | 3.50%, 9/1/44, Pool #SD0481 | 1,765,403 | ||||
20,704 | 3.50%, 9/1/44, Pool #Q28604 | 19,807 | ||||
2,058,460 | 4.00%, 1/1/45, Pool #SD0490 | 2,026,608 | ||||
1,808,743 | 4.00%, 1/1/45, Pool #SD0478 | 1,786,999 | ||||
14,993 | 4.00%, 2/1/45, Pool #Q31338 | 14,759 | ||||
6,329 | 4.00%, 2/1/45, Pool #Q31128 | 6,231 | ||||
14,331 | 3.50%, 9/1/45, Pool #Q36302 | 13,758 | ||||
2,722,527 | 4.00%, 9/1/45, Pool #SD0507 | 2,689,839 | ||||
16,437 | 4.00%, 12/1/45, Pool #Q37957 | 16,226 | ||||
18,858 | 4.00%, 12/1/45, Pool #Q37955 | 18,566 | ||||
1,261,046 | 3.50%, 3/1/46, Pool #SD0485 | 1,191,546 | ||||
390,501 | Class FB , Series 46065.18%(US0001M+50bps), 8/15/46 | 384,582 | ||||
224,392 | 3.00%, 9/1/46, Pool #G60718 | 201,278 | ||||
568,543 | 3.00%, 9/1/46, Pool #Q42979 | 510,103 | ||||
235,990 | 3.50%, 9/1/46, Pool #SD0486 | 223,575 | ||||
241,905 | 3.00%, 12/1/46, Pool #Q45064 | 216,937 | ||||
779,260 | 3.00%, 12/1/46, Pool #V82781 | 724,572 | ||||
64,305 | 3.00%, 12/1/46, Pool #Q45083 | 59,363 | ||||
135,007 | 3.00%, 12/1/46, Pool #Q45080 | 121,878 | ||||
645,213 | 3.00%, 2/1/47, Pool #SD0496 | 590,486 | ||||
370,297 | 3.50%, 3/1/47, Pool #G60968 | 367,353 | ||||
855,511 | 4.50%, 7/1/47, Pool #G61047 | 854,971 | ||||
660,159 | 4.00%, 7/1/47, Pool #SD0504 | 645,694 | ||||
354,615 | 3.50%, 10/1/47, Pool #G61178 | 337,998 | ||||
437,151 | 3.50%, 12/1/47, Pool #G61208 | 416,692 | ||||
59,858 | 3.50%, 1/1/48, Pool #Q53630 | 57,049 | ||||
91,618 | 3.50%, 1/1/48, Pool #Q53648 | 87,468 | ||||
392,877 | 3.50%, 1/1/48, Pool #ZS4751 | 369,008 | ||||
401,352 | 3.50%, 2/1/48, Pool #ZT1353 | 377,692 | ||||
603,836 | 4.00%, 4/1/48, Pool #SD0489 | 592,289 | ||||
2,853,588 | 4.00%, 8/1/48, Pool #SD0492 | 2,787,606 | ||||
965,684 | 4.50%, 8/1/48, Pool #G67715 | 964,691 | ||||
2,243,336 | 4.00%, 5/1/49, Pool #SD0488 | 2,179,632 | ||||
2,578,080 | 4.00%, 3/1/50, Pool #SD0296 | 2,502,403 | ||||
1,837,680 | 4.50%, 3/1/50, Pool #SD0294 | 1,825,571 | ||||
29,368 | 3.00%, 7/1/50, Pool #QB1486 | 26,818 | ||||
104,416 | 3.00%, 7/1/50, Pool #QB1479 | 95,463 | ||||
13,507 | 3.00%, 7/1/50, Pool #QB1488 | 12,334 | ||||
1,737,383 | 4.00%, 7/1/50, Pool #SD1146 | 1,681,539 | ||||
601,734 | 4.00%, 7/1/50, Pool #SD0878 | 582,398 | ||||
519,215 | 2.50%, 7/1/50, Pool #QB1193 | 452,708 | ||||
12,506 | 3.00%, 7/1/50, Pool #QB1158 | 11,504 | ||||
280,692 | 2.00%, 8/1/50, Pool #QB2296 | 234,557 | ||||
825,821 | 3.00%, 8/1/50, Pool #RA3282 | 751,462 | ||||
779,871 | 1.50%, 8/1/50, Pool #RA3217 | 610,680 | ||||
85,952 | 3.00%, 8/1/50, Pool #QB2339 | 78,495 | ||||
794,503 | 3.00%, 8/1/50, Pool #RA3313 | 714,186 | ||||
5,513,607 | 3.00%, 9/1/50, Pool #SD0592 | 5,059,605 | ||||
1,946,634 | 1.50%, 10/1/50, Pool #SD8082 | 1,524,459 | ||||
619,011 | 2.00%, 11/1/50, Pool #SD7528 | 518,969 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal Home Loan Mortgage Corporation, continued | ||||||
$1,071,619 | 3.00%, 12/1/50, Pool #SD0519 | $ | 976,120 | |||
897,154 | 4.00%, 12/1/50, Pool #SD0520 | 879,160 | ||||
3,873,391 | 2.50%, 2/1/51, Pool #SD7534 | 3,396,470 | ||||
5,413,268 | 2.00%, 3/1/51, Pool #SD8134 | 4,480,016 | ||||
2,045,997 | 2.00%, 4/1/51, Pool #SD7539 | 1,717,750 | ||||
2,419,882 | 2.50%, 5/1/51, Pool #SD0702 | 2,116,605 | ||||
8,617,729 | 2.50%, 5/1/51, Pool #RA5077 | 7,534,116 | ||||
1,109,950 | 2.00%, 5/1/51, Pool #SD7541 | 930,890 | ||||
1,183,702 | 3.00%, 7/1/51, Pool #SD7544 | 1,068,197 | ||||
3,576,620 | 2.00%, 7/1/51, Pool #SD0716 | 3,002,497 | ||||
787,195 | 2.00%, 9/1/51, Pool #SD8172 | 651,436 | ||||
773,159 | 2.00%, 9/1/51, Pool #SD0730 | 646,456 | ||||
1,042,634 | 2.00%, 9/1/51, Pool #SD0732 | 867,926 | ||||
1,031,178 | 3.00%, 10/1/51, Pool #RA6015 | 932,486 | ||||
3,388,938 | 2.00%, 10/1/51, Pool #RA6071 | 2,811,828 | ||||
2,359,885 | 2.50%, 11/1/51, Pool #RA6397 | 2,065,040 | ||||
7,559,881 | 2.50%, 11/1/51, Pool #SD7548 | 6,561,721 | ||||
1,115,680 | 2.00%, 12/1/51, Pool #SD0786 | 935,758 | ||||
4,607,230 | 2.50%, 12/1/51, Pool #RA6388 | 4,027,782 | ||||
204,737 | 2.00%, 12/1/51, Pool #SD0789 | 171,865 | ||||
5,780,549 | 2.00%, 12/1/51, Pool #SD8182 | 4,783,636 | ||||
1,069,241 | 2.00%, 12/1/51, Pool #SD0785 | 896,140 | ||||
417,940 | 2.00%, 12/1/51, Pool #SD0783 | 350,509 | ||||
7,202,191 | 2.50%, 1/1/52, Pool #SD0923 | 6,262,127 | ||||
2,646,839 | 2.00%, 1/1/52, Pool #SD0892 | 2,219,629 | ||||
23,772,912 | 2.50%, 1/1/52, Pool #SD7552 | 20,714,882 | ||||
8,176,057 | 2.00%, 1/1/52, Pool #SD7549 | 6,853,471 | ||||
1,949,871 | 2.00%, 1/1/52, Pool #SD0894 | 1,632,260 | ||||
1,366,260 | 2.00%, 2/1/52, Pool #RA6768 | 1,130,298 | ||||
873,758 | 3.00%, 2/1/52, Pool #SD7550 | 796,232 | ||||
23,739,268 | 3.00%, 3/1/52, Pool #SD7553 | 21,530,033 | ||||
1,131,811 | 3.50%, 6/1/52, Pool #SD1049 | 1,053,402 | ||||
624,872 | 4.00%, 6/1/52, Pool #SD1952 | 606,319 | ||||
1,043,188 | 3.50%, 6/1/52, Pool #SD1053 | 977,917 | ||||
429,814 | 3.50%, 6/1/52, Pool #SD1086 | 400,023 | ||||
2,908,947 | 4.50%, 7/1/52, Pool #RA7506 | 2,848,150 | ||||
463,758 | 4.50%, 7/1/52, Pool #SD8231 | 454,319 | ||||
3,452,104 | 3.00%, 8/1/52, Pool #SD7556 | 3,118,863 | ||||
904,368 | 4.50%, 8/1/52, Pool #QE8252 | 886,028 | ||||
2,039,284 | 4.50%, 11/1/52, Pool #SD2000 | 1,998,533 | ||||
477,815 | 6.00%, 11/1/52, Pool #RA8216 | 489,860 | ||||
732,830 | 5.00%, 11/1/52, Pool #SD1882 | 732,098 | ||||
821,381 | 5.00%, 12/1/52, Pool #SD2081 | 820,560 | ||||
1,519,024 | 5.00%, 12/1/52, Pool #SD1991 | 1,517,733 | ||||
926,219 | 5.00%, 12/1/52, Pool #RA8295 | 925,291 | ||||
946,911 | 5.00%, 1/1/53, Pool #RA8404 | 945,966 | ||||
1,675,661 | 5.50%, 1/1/53, Pool #QF6560 | 1,698,741 | ||||
593,922 | 5.50%, 1/1/53, Pool #SD2275 | 602,101 | ||||
372,508 | 5.00%, 2/1/53, Pool #SD2306 | 372,136 | ||||
1,246,000 | 5.50%, 3/1/53, Pool #RA8758 | 1,263,161 | ||||
1,740,000 | Class A2 , Series K1462.92%, 6/25/54, Callable 7/25/32 @ 100.00 | 1,564,148 | ||||
|
|
|||||
228,779,807 | ||||||
|
|
|||||
Federal Home Loan Bank (1.0%) |
||||||
3,020,000 | 0.92%, 2/26/27, Callable 5/26/23 @ 100.00 | 2,682,551 | ||||
22,560,000 | 2.06%, 9/27/29, Callable 9/27/23 @ 100.00 | 19,724,343 | ||||
4,080,000 | 3.56%, 5/16/33 | 3,869,554 | ||||
1,435,000 | 1.85%, 1/25/36, Callable 4/25/23 @ 100.00 | 1,067,056 | ||||
1,720,000 | 1.87%, 2/8/36, Callable 5/8/23 @ 100.00 | 1,281,053 |
See accompanying notes to the schedules of portfolio investments.
95
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal Home Loan Bank, continued |
||||||
$920,000 | 1.87%, 2/8/36, Callable 5/8/23 @ 100.00 | $ | 685,214 | |||
|
|
|||||
29,309,771 | ||||||
|
|
|||||
Federal Farm Credit Banks Funding Corp. (1.2%) |
||||||
14,521,000 | 2.25%, 8/15/29, Callable 8/15/24 @ 100.00 | 12,851,956 | ||||
10,440,000 | 2.17%, 10/29/29, Callable 10/29/24 @ 100.00 | 9,177,950 | ||||
6,095,000 | 1.68%, 9/17/35, Callable 4/17/23 @ 100.00 | 4,454,659 | ||||
3,450,000 | 1.84%, 1/25/36, Callable 4/17/23 @ 100.00 | 2,562,067 | ||||
4,730,000 | 2.10%, 2/25/36, Callable 4/17/23 @ 100.00 | 3,612,637 | ||||
2,569,000 | 2.50%, 4/14/36, Callable 4/17/23 @ 100.00 | 2,045,296 | ||||
2,875,000 | 2.49%, 5/19/36, Callable 4/17/23 @ 100.00 | 2,281,931 | ||||
|
|
|||||
36,986,496 | ||||||
|
|
|||||
Total U.S. Government Agency Mortgages |
971,551,927 | |||||
|
|
|||||
U.S. Treasury Obligations (31.0%): |
||||||
U.S. Treasury Bonds (10.2%) |
||||||
2,480,000 |
5.38%, 2/15/31 | 2,781,475 | ||||
14,025,000 |
4.75%, 2/15/37 | 15,957,820 | ||||
10,000,000 |
5.00%, 5/15/37 | 11,637,500 | ||||
12,855,000 |
1.13%, 8/15/40 | 8,474,257 | ||||
33,230,000 |
1.88%, 2/15/41 | 24,782,311 | ||||
4,580,000 |
1.75%, 8/15/41 | 3,309,050 | ||||
23,885,000 |
3.13%, 11/15/41 | 21,727,886 | ||||
2,795,000 |
2.00%, 11/15/41 | 2,103,238 | ||||
5,045,000 |
2.38%, 2/15/42 | 4,047,824 | ||||
16,285,000 |
2.75%, 11/15/42 | 13,776,092 | ||||
33,675,000 |
4.00%, 11/15/42 | 34,527,398 | ||||
2,695,000 |
3.88%, 2/15/43 | 2,714,370 | ||||
7,022,500 |
3.63%, 8/15/43 | 6,796,463 | ||||
1,205,000 |
3.13%, 8/15/44 | 1,071,885 | ||||
15,000 |
2.50%, 2/15/45 | 11,930 | ||||
955,000 |
3.00%, 5/15/45 | 829,059 | ||||
1,770,000 |
2.88%, 8/15/45 | 1,502,841 | ||||
12,235,000 |
3.00%, 11/15/45 | 10,610,039 | ||||
22,700,000 |
2.25%, 8/15/46 | 17,060,469 | ||||
6,855,000 |
2.88%, 11/15/46 | 5,820,323 | ||||
3,105,000 |
2.75%, 11/15/47 | 2,573,269 | ||||
5,645,000 |
3.00%, 2/15/48 | 4,904,976 | ||||
63,515,000 |
3.13%, 5/15/48(e) | 56,478,729 | ||||
4,055,000 |
3.38%, 11/15/48 | 3,778,753 | ||||
8,700,000 |
3.00%, 2/15/49 | 7,585,313 | ||||
125,000 |
2.88%, 5/15/49 | 106,484 | ||||
10,975,000 |
1.25%, 5/15/50 | 6,348,352 | ||||
8,590,000 |
1.38%, 8/15/50 | 5,131,183 | ||||
5,954,000 |
1.63%, 11/15/50 | 3,799,396 | ||||
13,650,000 |
2.38%, 5/15/51 | 10,431,586 | ||||
1,102,000 |
1.88%, 11/15/51 | 746,605 | ||||
1,054,000 |
2.25%, 2/15/52 | 782,266 | ||||
18,188,000 |
2.88%, 5/15/52 | 15,488,219 | ||||
5,054,000 |
3.00%, 8/15/52 | 4,419,091 | ||||
2,440,000 |
3.63%, 2/15/53 | 2,412,169 | ||||
|
|
|||||
314,528,621 | ||||||
|
|
|||||
U.S. Treasury Notes (20.8%) |
||||||
96,660,000 |
4.25%, 12/31/24 | 96,690,206 |
Principal Amount | Value | |||||
U.S. Treasury Obligations, continued |
||||||
U.S. Treasury Notes, continued |
||||||
$32,665,000 |
4.63%, 2/28/25^ | $ | 32,966,130 | |||
1,595,000 |
1.75%, 3/15/25 | 1,524,471 | ||||
3,164,000 |
0.50%, 3/31/25 | 2,949,441 | ||||
16,246,000 |
0.38%, 4/30/25 | 15,058,011 | ||||
13,710,000 |
0.25%, 5/31/25 | 12,643,191 | ||||
12,997,000 |
2.88%, 6/15/25 | 12,682,229 | ||||
12,640,000 |
3.00%, 7/15/25 | 12,359,550 | ||||
890,000 |
3.00%, 10/31/25 | 869,697 | ||||
1,550,000 |
2.88%, 11/30/25 | 1,509,797 | ||||
7,810,000 |
0.38%, 12/31/25 | 7,111,981 | ||||
95,875,000 |
3.88%, 1/15/26 | 95,830,059 | ||||
104,629,000 |
4.00%, 2/15/26 | 104,988,662 | ||||
4,310,000 |
0.50%, 2/28/26 | 3,914,019 | ||||
2,435,000 |
2.38%, 4/30/26 | 2,333,795 | ||||
2,033,000 |
4.13%, 9/30/27 | 2,069,530 | ||||
16,540,000 |
4.13%, 10/31/27 | 16,842,372 | ||||
18,421,000 |
3.88%, 11/30/27 | 18,593,697 | ||||
12,579,000 |
3.88%, 12/31/27 | 12,697,180 | ||||
56,122,000 |
3.50%, 1/31/28 | 55,771,238 | ||||
17,200,000 |
4.00%, 2/29/28^ | 17,492,938 | ||||
3,395,000 |
3.63%, 3/31/28 | 3,400,305 | ||||
110,000 |
1.25%, 6/30/28 | 97,522 | ||||
11,165,000 |
4.00%, 10/31/29 | 11,426,680 | ||||
998,000 |
3.88%, 11/30/29 | 1,014,529 | ||||
61,591,000 |
3.88%, 12/31/29 | 62,649,595 | ||||
4,924,000 |
3.50%, 1/31/30 | 4,900,149 | ||||
4,350,000 |
4.00%, 2/28/30 | 4,461,469 | ||||
3,120,000 |
0.63%, 5/15/30 | 2,551,575 | ||||
925,000 |
0.63%, 8/15/30 | 753,008 | ||||
6,599,000 |
2.75%, 8/15/32 | 6,203,060 | ||||
5,539,000 |
4.13%, 11/15/32 | 5,815,950 | ||||
11,468,000 |
3.50%, 2/15/33 | 11,476,959 | ||||
|
|
|||||
641,648,995 | ||||||
|
|
|||||
Total U.S. Treasury Obligations |
956,177,616 | |||||
|
|
|||||
Short-Term Security Held as Collateral for Securities on Loan (1.1%): | ||||||
35,028,497 |
BlackRock Liquidity FedFund, Institutional Class , 2.54%(d)(f) | 35,028,497 | ||||
|
|
|||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $35,028,497) |
35,028,497 | |||||
|
|
|||||
Shares | ||||||
Unaffiliated Investment Company (8.1%): |
||||||
Money Markets (8.1%): |
||||||
249,413,970 |
Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 4.43%(d) | 249,413,970 | ||||
|
|
|||||
Total Unaffiliated Investment Company |
249,413,970 | |||||
|
|
|||||
Total Investment Securities |
3,361,823,196 | |||||
Net other assets (liabilities) (9.0)% |
(277,758,654 | ) | ||||
|
|
|||||
Net Assets 100.0% |
$ | 3,084,064,542 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023 | ||||
EUR003M | - | 3 Month EUR LIBOR | ||
EUSA1 | - | Euro 1 Year Swap Rate | ||
EUSA5 | - | Euro 5 Year Swap Rate | ||
GO | - | General Obligation |
See accompanying notes to the schedules of portfolio investments.
96
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
H15T1Y | - | 1 Year Treasury Constant Maturity Rate | ||
LIBOR | - | London Interbank Offered Rate | ||
MTN | - | Medium Term Note | ||
SOFR | - | Secured Overnight Financing Rate | ||
TBA | - | To Be Announced Security | ||
US0001M | - | 1 Month US Dollar LIBOR | ||
US0003M | - | 3 Month US Dollar LIBOR |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $34,170,807. |
+ | The principal amount is disclosed in local currency and the fair value is disclosed in U.S. Dollars. |
| Represents less than 0.05%. |
(a) | Rule 144A, Section 4(2) or other security which is restricted to resale to institutional investors. |
(b) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at March 31, 2023. |
(c) | 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 March 31, 2023, these securities represent 0.18% of the net assets of the fund. |
(d) | The rate represents the effective yield at March 31, 2023. |
(e) | All or a portion of this security has been pledged as collateral for open derivative positions. |
(f) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
Securities Sold Short (-0.6%):
At March 31, 2023, the Funds securities sold short were as follows:
Security Description | Coupon Rate |
Maturity Date | Par Amount | Proceeds Received |
Fair Value | |||||||||||
U.S. Government Agency Mortgages |
||||||||||||||||
Federal National Mortgage Association |
||||||||||||||||
Federal National Mortgage Association, TBA |
4.50% | 4/25/52 | $ | (14,470,800 | ) | $ | (14,151,218) | $ | (14,165,556) | |||||||
Federal National Mortgage Association, TBA |
4.00% | 4/25/53 | (1,941,900 | ) | (1,823,788) | (1,855,425) | ||||||||||
Government National Mortgage Association |
||||||||||||||||
Government National Mortgage Association, TBA |
2.50% | 4/20/53 | (5,001,522 | ) | (4,398,782) | (4,397,432) | ||||||||||
|
|
|
|
|||||||||||||
$(20,373,788) | $(20,418,413) | |||||||||||||||
|
|
|
|
See accompanying notes to the schedules of portfolio investments.
97
AZL Enhanced Bond Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Futures Contracts
At March 31, 2023, the Funds open futures contracts were as follows:
Short Futures
Description | Expiration Date | Number of Contracts |
Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||
30-Day Federal Funds March Futures (U.S. Dollar) |
3/31/23 | 16 | $ | (6,357,175 | ) | $ | (1,357) | |||||
Euro Buxl 30-Year Bond June Futures (Euro) |
6/8/23 | 3 | (458,245 | ) | (29,705) | |||||||
Euro-Bobl June Futures (Euro) |
6/8/23 | 78 | (9,970,656 | ) | (221,133) | |||||||
Euro-Bund June Futures (Euro) |
6/8/23 | 58 | (8,543,674 | ) | (166,500) | |||||||
U.S. Treasury 10-year Note June Futures (U.S. Dollar) |
6/21/23 | 390 | (44,819,531 | ) | 459,168 | |||||||
U.S. Treasury 30-Year Bond June Futures (U.S. Dollar) |
6/21/23 | 140 | (18,361,875 | ) | (543,350) | |||||||
Ultra Long Term U.S. Treasury Bond June Futures (U.S. Dollar) |
6/21/23 | 37 | (5,221,625 | ) | (252,850) | |||||||
|
|
| ||||||||||
$ | (755,727) | |||||||||||
|
|
| ||||||||||
Long Futures | ||||||||||||
Description | Expiration Date | Number of Contracts |
Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||
Euro Schatz Index June Futures (Euro) |
6/8/23 | 75 | $ | 8,596,164 | $ | 26,431 | ||||||
U.S. Treasury 10-Year Note June Futures (U.S. Dollar) |
6/21/23 | 14 | 1,695,969 | 56,713 | ||||||||
U.S. Treasury 2-Year Note June Futures (U.S. Dollar) |
6/30/23 | 616 | 127,175,125 | 583,736 | ||||||||
U.S. Treasury 5-Year Note June Futures (U.S. Dollar) |
7/6/23 | 848 | 92,862,625 | 1,675,409 | ||||||||
|
|
| ||||||||||
$ | 2,342,289 | |||||||||||
|
|
| ||||||||||
Total Net Futures Contracts |
$ | 1,586,562 | ||||||||||
|
|
|
Forward Currency Contracts
At March 31, 2023, the Funds open forward currency contracts were as follows:
Currency Purchased | Currency Sold | Counterparty | Settlement Date |
Net Unrealized Appreciation/ (Depreciation) | ||||||||||||||
U.S. Dollar |
102,887 | European Euro | 96,700 | CBA Securities | 6/14/23 | $(2,415) | ||||||||||||
U.S. Dollar |
10,399,915 | European Euro | 9,626,707 | TD Securities International | 6/21/23 | (87,263) | ||||||||||||
U.S. Dollar |
3,031,152 | European Euro | 2,805,793 | UBS Warburg | 6/21/23 | (25,434) | ||||||||||||
U.S. Dollar |
13,483,131 | European Euro | 12,500,000 | UBS Warburg | 6/21/23 | (134,166) | ||||||||||||
|
|
| ||||||||||||||||
Total Net Forward Currency Contracts |
$ | (249,278) | ||||||||||||||||
|
|
|
See accompanying notes to the schedules of portfolio investments.
98
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (40.6%): |
||||||
Aerospace & Defense (1.1%): |
||||||
5,946 | General Dynamics Corp. | $ | 1,356,937 | |||
20,311 | L3Harris Technologies, Inc. | 3,985,831 | ||||
10,625 | Lockheed Martin Corp. | 5,022,756 | ||||
4,020 | Northrop Grumman Corp. | 1,856,114 | ||||
16,496 | Parsons Corp.* | 738,031 | ||||
19,788 | Raytheon Technologies Corp. | 1,937,839 | ||||
38,642 | Textron, Inc. | 2,729,284 | ||||
|
|
|||||
17,626,792 | ||||||
|
|
|||||
Air Freight & Logistics (0.2%): |
||||||
13,284 | United Parcel Service, Inc., Class B | 2,576,963 | ||||
|
|
|||||
Automobile Components (0.7%): |
||||||
33,896 | General Motors Co. | 1,243,305 | ||||
46,957 | Harley-Davidson, Inc. | 1,782,957 | ||||
39,953 | Tesla, Inc.* | 8,288,650 | ||||
|
|
|||||
11,314,912 | ||||||
|
|
|||||
Banks (1.2%): |
||||||
181,924 | Bank of America Corp. | 5,203,026 | ||||
3,924 | Citizens Financial Group, Inc. | 119,172 | ||||
68,799 | Columbia Banking System, Inc. | 1,473,675 | ||||
23,492 | East West Bancorp, Inc. | 1,303,806 | ||||
33,774 | Fifth Third Bancorp | 899,739 | ||||
54,243 | JPMorgan Chase & Co. | 7,068,405 | ||||
5,200 | PNC Financial Services Group, Inc. (The) | 660,920 | ||||
41,238 | U.S. Bancorp | 1,486,630 | ||||
39,157 | Wells Fargo & Co. | 1,463,689 | ||||
|
|
|||||
19,679,062 | ||||||
|
|
|||||
Beverages (0.7%): |
||||||
128,022 | Coca-Cola Co. (The) | 7,941,204 | ||||
19,356 | PepsiCo, Inc. | 3,528,599 | ||||
|
|
|||||
11,469,803 | ||||||
|
|
|||||
Biotechnology (1.0%): |
||||||
12,716 | AbbVie, Inc. | 2,026,549 | ||||
12,017 | Amgen, Inc. | 2,905,110 | ||||
2,622 | Biogen, Inc.* | 728,995 | ||||
93,463 | Exelixis, Inc.* | 1,814,117 | ||||
64,592 | Gilead Sciences, Inc. | 5,359,198 | ||||
14,949 | Incyte Corp.* | 1,080,364 | ||||
375 | Sarepta Therapeutics, Inc.* | 51,686 | ||||
10,980 | United Therapeutics Corp.* | 2,459,081 | ||||
18,000 | Vir Biotechnology, Inc.* | 418,860 | ||||
|
|
|||||
16,843,960 | ||||||
|
|
|||||
Broadline Retail (1.2%): |
||||||
147,785 | Amazon.com, Inc.* | 15,264,713 | ||||
70,006 | eBay, Inc. | 3,106,166 | ||||
57,403 | Macys, Inc. | 1,003,978 | ||||
|
|
|||||
19,374,857 | ||||||
|
|
|||||
Building Products (0.1%): |
||||||
9,822 | Allegion plc | 1,048,302 | ||||
2,000 | Trane Technologies plc | 367,960 | ||||
|
|
|||||
1,416,262 | ||||||
|
|
|||||
Capital Markets (1.1%): |
||||||
81,668 | Bank of New York Mellon Corp. (The) | 3,710,994 | ||||
16,466 | Cboe Global Markets, Inc. | 2,210,396 | ||||
23,586 | Charles Schwab Corp. (The) | 1,235,435 | ||||
8,547 | CME Group, Inc. | 1,636,921 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Capital Markets, continued |
| |||||
1,685 | FactSet Research Systems, Inc. | $ | 699,427 | |||
8,400 | Goldman Sachs Group, Inc. (The) | 2,747,724 | ||||
5,323 | Interactive Brokers Group, Inc., Class A | 439,467 | ||||
15,519 | LPL Financial Holdings, Inc. | 3,141,046 | ||||
578 | MarketAxess Holdings, Inc. | 226,166 | ||||
8,072 | Nasdaq, Inc. | 441,296 | ||||
6,125 | Stifel Financial Corp. | 361,926 | ||||
12,429 | Tradeweb Markets, Inc., Class A | 982,139 | ||||
|
|
|||||
17,832,937 | ||||||
|
|
|||||
Chemicals (0.6%): |
| |||||
49,297 | CF Industries Holdings, Inc. | 3,573,540 | ||||
2,227 | Ecolab, Inc. | 368,635 | ||||
5,636 | Linde plc | 2,003,260 | ||||
22,927 | Olin Corp. | 1,272,448 | ||||
5,006 | Sherwin-Williams Co. (The) | 1,125,199 | ||||
9,051 | Westlake Corp. | 1,049,735 | ||||
|
|
|||||
9,392,817 | ||||||
|
|
|||||
Commercial Services & Supplies (0.3%): |
| |||||
6,018 | Cintas Corp. | 2,784,408 | ||||
6,256 | Republic Services, Inc. | 845,937 | ||||
3,283 | Rollins, Inc. | 123,211 | ||||
2,083 | Waste Management, Inc. | 339,883 | ||||
|
|
|||||
4,093,439 | ||||||
|
|
|||||
Communications Equipment (0.8%): |
| |||||
22,122 | Arista Networks, Inc.* | 3,713,399 | ||||
150,153 | Cisco Systems, Inc. | 7,849,248 | ||||
2,108 | F5, Inc.* | 307,115 | ||||
2,456 | Motorola Solutions, Inc. | 702,735 | ||||
|
|
|||||
12,572,497 | ||||||
|
|
|||||
Construction & Engineering (0.2%): |
| |||||
36,427 | AECOM | 3,071,524 | ||||
1,058 | Comfort Systems USA, Inc. | 154,426 | ||||
|
|
|||||
3,225,950 | ||||||
|
|
|||||
Construction Materials (0.1%): |
| |||||
7,098 | Eagle Materials, Inc. | 1,041,631 | ||||
|
|
|||||
Consumer Finance (0.4%): |
| |||||
30,248 | American Express Co. | 4,989,408 | ||||
8,827 | Capital One Financial Corp. | 848,804 | ||||
15,902 | Synchrony Financial | 462,430 | ||||
|
|
|||||
6,300,642 | ||||||
|
|
|||||
Consumer Staples Distribution & Retail (0.3%): |
| |||||
6,090 | Costco Wholesale Corp. | 3,025,938 | ||||
35,565 | Kroger Co. (The) | 1,755,844 | ||||
3,373 | Walmart, Inc. | 497,349 | ||||
|
|
|||||
5,279,131 | ||||||
|
|
|||||
Containers & Packaging (0.2%): |
| |||||
35,604 | Sealed Air Corp. | 1,634,580 | ||||
43,631 | Westrock Co. | 1,329,436 | ||||
|
|
|||||
2,964,016 | ||||||
|
|
|||||
Distributors (0.0%): |
| |||||
10,461 | LKQ Corp. | 593,766 | ||||
|
|
|||||
Diversified Consumer Services (0.0%): |
| |||||
9,684 | Service Corp. International | 666,066 | ||||
|
|
See accompanying notes to the schedules of portfolio investments.
99
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Diversified REITs (0.0%): |
| |||||
7,327 | Equity Residential | $ | 439,620 | |||
|
|
|||||
Diversified Telecommunication Services (0.1%): |
| |||||
1,791 | Frontier Communications Parent, Inc.* | 40,781 | ||||
61,936 | Verizon Communications, Inc. | 2,408,691 | ||||
|
|
|||||
2,449,472 | ||||||
|
|
|||||
Electric Utilities (0.3%): |
| |||||
39,777 | Hawaiian Electric Industries, Inc. | 1,527,437 | ||||
7,670 | NextEra Energy, Inc. | 591,203 | ||||
46,197 | Xcel Energy, Inc. | 3,115,526 | ||||
|
|
|||||
5,234,166 | ||||||
|
|
|||||
Electrical Equipment (0.5%): |
| |||||
5,912 | Acuity Brands, Inc. | 1,080,300 | ||||
27,916 | AMETEK, Inc. | 4,057,032 | ||||
38,317 | Emerson Electric Co. | 3,338,944 | ||||
11,148 | nVent Electric plc | 478,695 | ||||
|
|
|||||
8,954,971 | ||||||
|
|
|||||
Electronic Equipment, Instruments & Components (0.0%): | ||||||
368 | Keysight Technologies, Inc.* | 59,425 | ||||
26,819 | Vontier Corp. | 733,231 | ||||
|
|
|||||
792,656 | ||||||
|
|
|||||
Energy Equipment & Services (0.1%): |
| |||||
38,356 | Schlumberger, Ltd. | 1,883,280 | ||||
475 | Weatherford International plc* | 28,191 | ||||
|
|
|||||
1,911,471 | ||||||
|
|
|||||
Entertainment (0.1%): |
| |||||
4,423 | Activision Blizzard, Inc. | 378,565 | ||||
9,579 | Electronic Arts, Inc. | 1,153,790 | ||||
920 | Walt Disney Co. (The)* | 92,120 | ||||
|
|
|||||
1,624,475 | ||||||
|
|
|||||
Financial Services (0.9%): |
| |||||
44,935 | Berkshire Hathaway, Inc., Class B* | 13,874,580 | ||||
14,202 | TFS Financial Corp. | 179,371 | ||||
|
|
|||||
14,053,951 | ||||||
|
|
|||||
Food Products (0.8%): |
| |||||
35,072 | Archer-Daniels-Midland Co. | 2,793,836 | ||||
33,299 | Conagra Brands, Inc. | 1,250,710 | ||||
99,524 | Kraft Heinz Co. (The) | 3,848,593 | ||||
77,237 | Mondelez International, Inc., Class A | 5,384,964 | ||||
|
|
|||||
13,278,103 | ||||||
|
|
|||||
Ground Transportation (0.5%): |
| |||||
149,758 | CSX Corp. | 4,483,755 | ||||
4,025 | Norfolk Southern Corp. | 853,300 | ||||
16,562 | Union Pacific Corp. | 3,333,268 | ||||
|
|
|||||
8,670,323 | ||||||
|
|
|||||
Health Care Equipment & Supplies (0.6%): |
| |||||
60,542 | Abbott Laboratories | 6,130,483 | ||||
1,330 | Becton Dickinson and Co. | 329,228 | ||||
2,405 | Lantheus Holdings, Inc.* | 198,557 | ||||
11,460 | Medtronic plc | 923,905 | ||||
15,361 | Zimmer Biomet Holdings, Inc. | 1,984,641 | ||||
4,544 | Zimvie, Inc.* | 32,853 | ||||
|
|
|||||
9,599,667 | ||||||
|
|
|||||
Health Care Providers & Services (1.9%): |
| |||||
45,170 | Centene Corp.* | 2,855,196 | ||||
14,034 | Cigna Group (The) | 3,586,108 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Health Care Providers & Services, continued |
| |||||
62,900 | CVS Health Corp. | $ | 4,674,099 | |||
11,744 | Elevance Health, Inc. | 5,400,009 | ||||
576 | Humana, Inc. | 279,625 | ||||
4,600 | McKesson Corp. | 1,637,830 | ||||
3,645 | Quest Diagnostics, Inc. | 515,694 | ||||
24,988 | UnitedHealth Group, Inc. | 11,809,079 | ||||
|
|
|||||
30,757,640 | ||||||
|
|
|||||
Hotels, Restaurants & Leisure (1.3%): |
| |||||
26,529 | Airbnb, Inc., Class A* | 3,300,207 | ||||
2,104 | Booking Holdings, Inc.* | 5,580,671 | ||||
13 | Chipotle Mexican Grill, Inc.* | 22,208 | ||||
18,539 | McDonalds Corp. | 5,183,690 | ||||
54,874 | Starbucks Corp. | 5,714,030 | ||||
12,615 | Yum! Brands, Inc. | 1,666,189 | ||||
|
|
|||||
21,466,995 | ||||||
|
|
|||||
Household Durables (0.2%): |
| |||||
510 | NVR, Inc.* | 2,841,817 | ||||
6,346 | Toll Brothers, Inc. | 380,950 | ||||
2,064 | TopBuild Corp.* | 429,601 | ||||
|
|
|||||
3,652,368 | ||||||
|
|
|||||
Household Products (0.6%): |
| |||||
5,254 | Church & Dwight Co., Inc. | 464,506 | ||||
43,927 | Colgate-Palmolive Co. | 3,301,114 | ||||
38,890 | Procter & Gamble Co. (The) | 5,782,554 | ||||
|
|
|||||
9,548,174 | ||||||
|
|
|||||
Industrial Conglomerates (0.1%): |
| |||||
22,803 | 3M Co. | 2,396,823 | ||||
|
|
|||||
Insurance (0.9%): |
| |||||
5,221 | Aon plc, Class A | 1,646,129 | ||||
6,328 | Everest Re Group, Ltd. | 2,265,551 | ||||
11,436 | Hartford Financial Services Group, Inc. (The) | 796,975 | ||||
244 | Kinsale Capital Group, Inc. | 73,237 | ||||
4,637 | Marsh & McLennan Cos., Inc. | 772,292 | ||||
30,794 | Progressive Corp. (The) | 4,405,390 | ||||
2,690 | Reinsurance Group of America, Inc. | 357,124 | ||||
11,579 | Ryan Specialty Holdings, Inc.* | 465,939 | ||||
5,481 | Travelers Cos., Inc. (The) | 939,498 | ||||
19,583 | Unum Group | 774,703 | ||||
32,976 | WR Berkley Corp. | 2,053,086 | ||||
|
|
|||||
14,549,924 | ||||||
|
|
|||||
Interactive Media & Services (2.4%): |
| |||||
116,129 | Alphabet, Inc., Class A* | 12,046,061 | ||||
132,151 | Alphabet, Inc., Class C* | 13,743,704 | ||||
60,920 | Meta Platforms, Inc., Class A* | 12,911,385 | ||||
|
|
|||||
38,701,150 | ||||||
|
|
|||||
IT Services (1.4%): |
| |||||
1,421 | Automatic Data Processing, Inc. | 316,357 | ||||
2,274 | Gartner, Inc.* | 740,801 | ||||
4,396 | Global Payments, Inc. | 462,635 | ||||
26,730 | GoDaddy, Inc., Class A* | 2,077,455 | ||||
24,065 | Mastercard, Inc., Class A | 8,745,462 | ||||
2,913 | Paychex, Inc. | 333,801 | ||||
54,539 | PayPal Holdings, Inc.* | 4,141,692 | ||||
9,216 | VeriSign, Inc.* | 1,947,617 | ||||
16,102 | Visa, Inc., Class A | 3,630,357 | ||||
|
|
|||||
22,396,177 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
100
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Life Sciences Tools & Services (0.2%): |
| |||||
7,864 | 10X Genomics, Inc., Class A* | $ | 438,733 | |||
8,252 | Danaher Corp. | 2,079,834 | ||||
274 | IQVIA Holdings, Inc.* | 54,496 | ||||
2,622 | Thermo Fisher Scientific, Inc. | 1,511,242 | ||||
|
|
|||||
4,084,305 | ||||||
|
|
|||||
Machinery (1.0%): |
| |||||
7,585 | AGCO Corp. | 1,025,492 | ||||
20,592 | Allison Transmission Holdings, Inc. | 931,582 | ||||
13,425 | Caterpillar, Inc. | 3,072,177 | ||||
13,024 | Deere & Co. | 5,377,349 | ||||
30,303 | Fortive Corp. | 2,065,756 | ||||
9,061 | Otis Worldwide Corp. | 764,748 | ||||
33,651 | PACCAR, Inc. | 2,463,253 | ||||
2,579 | Parker-Hannifin Corp. | 866,828 | ||||
|
|
|||||
16,567,185 | ||||||
|
|
|||||
Media (0.4%): |
| |||||
5,200 | Altice USA, Inc., Class A* | 17,784 | ||||
170,506 | Comcast Corp., Class A | 6,463,882 | ||||
|
|
|||||
6,481,666 | ||||||
|
|
|||||
Metals & Mining (0.2%): |
| |||||
17,171 | Newmont Corp. | 841,723 | ||||
15,762 | Nucor Corp. | 2,434,756 | ||||
|
|
|||||
3,276,479 | ||||||
|
|
|||||
Multi-Utilities (0.2%): |
| |||||
30,508 | WEC Energy Group, Inc. | 2,891,853 | ||||
|
|
|||||
Office REITs (0.0%): |
| |||||
2,421 | Kilroy Realty Corp. | 78,440 | ||||
|
|
|||||
Oil, Gas & Consumable Fuels (1.7%): |
| |||||
3,681 | Cheniere Energy, Inc. | 580,126 | ||||
54,319 | Chevron Corp. | 8,862,688 | ||||
11,193 | Coterra Energy, Inc. | 274,676 | ||||
5,526 | Denbury, Inc.* | 484,243 | ||||
1,326 | Diamondback Energy, Inc. | 179,236 | ||||
22,056 | EOG Resources, Inc. | 2,528,279 | ||||
64,879 | Exxon Mobil Corp. | 7,114,631 | ||||
58,936 | Marathon Oil Corp. | 1,412,107 | ||||
24,132 | Marathon Petroleum Corp. | 3,253,718 | ||||
24,961 | Occidental Petroleum Corp. | 1,558,315 | ||||
4,677 | Phillips 66 | 474,154 | ||||
2,802 | Pioneer Natural Resources Co. | 572,281 | ||||
4,011 | Sanchez Energy Corp.*(a) | 229,643 | ||||
8,895 | Targa Resources Corp. | 648,890 | ||||
|
|
|||||
28,172,987 | ||||||
|
|
|||||
Personal Care Products (0.1%): |
| |||||
6,045 | The Estee Lauder Cos., Inc., Class A | 1,489,851 | ||||
|
|
|||||
Pharmaceuticals (2.2%): |
| |||||
88,815 | Bristol-Myers Squibb Co. | 6,155,767 | ||||
13,936 | Eli Lilly & Co. | 4,785,901 | ||||
65,883 | Johnson & Johnson | 10,211,865 | ||||
56,138 | Merck & Co., Inc. | 5,972,522 | ||||
188,146 | Pfizer, Inc. | 7,676,357 | ||||
12,032 | Royalty Pharma plc, Class A | 433,513 | ||||
48,600 | Viatris, Inc. | 467,532 | ||||
|
|
|||||
35,703,457 | ||||||
|
|
Shares | Value | |||||
Common Stocks, continued |
| |||||
Professional Services (0.1%): |
| |||||
9,465 | Leidos Holdings, Inc. | $ | 871,348 | |||
|
|
|||||
Retail REITs (0.0%): |
| |||||
4,034 | National Retail Properties, Inc. | 178,101 | ||||
|
|
|||||
Semiconductors & Semiconductor Equipment (2.4%): |
| |||||
14,594 | Analog Devices, Inc. | 2,878,229 | ||||
13,363 | Broadcom, Inc. | 8,572,899 | ||||
9,151 | Enphase Energy, Inc.* | 1,924,272 | ||||
2,247 | Impinj, Inc.* | 304,513 | ||||
197,485 | Intel Corp. | 6,451,835 | ||||
2,343 | Lattice Semiconductor Corp.* | 223,757 | ||||
30,954 | Microchip Technology, Inc. | 2,593,326 | ||||
436 | Micron Technology, Inc. | 26,308 | ||||
34,667 | NVIDIA Corp. | 9,629,453 | ||||
6,234 | NXP Semiconductors NV | 1,162,485 | ||||
48,874 | Qualcomm, Inc. | 6,235,345 | ||||
|
|
|||||
40,002,422 | ||||||
|
|
|||||
Software (4.0%): |
| |||||
18,539 | Adobe, Inc.* | 7,144,375 | ||||
112,952 | Dropbox, Inc., Class A* | 2,442,022 | ||||
8,662 | Gen Digital, Inc. | 148,640 | ||||
142,404 | Microsoft Corp. | 41,055,073 | ||||
7,274 | New Relic, Inc.* | 547,660 | ||||
18,621 | Palo Alto Networks, Inc.* | 3,719,359 | ||||
16,318 | RingCentral, Inc., Class A* | 500,473 | ||||
12,435 | Salesforce, Inc.* | 2,484,264 | ||||
12,439 | Synopsys, Inc.* | 4,804,564 | ||||
22,662 | Teradata Corp.* | 912,825 | ||||
5,534 | Workday, Inc., Class A* | 1,142,992 | ||||
|
|
|||||
64,902,247 | ||||||
|
|
|||||
Specialized REITs (0.4%): |
| |||||
13,396 | Crown Castle, Inc. | 1,792,921 | ||||
7,922 | National Storage Affiliates Trust | 330,981 | ||||
13,132 | Public Storage | 3,967,703 | ||||
4,861 | SBA Communications Corp. | 1,269,061 | ||||
|
|
|||||
7,360,666 | ||||||
|
|
|||||
Specialty Retail (0.9%): |
| |||||
598 | AutoZone, Inc.* | 1,469,974 | ||||
7,330 | Bath & Body Works, Inc. | 268,131 | ||||
9,886 | Home Depot, Inc. (The) | 2,917,556 | ||||
10,050 | Lowes Cos., Inc. | 2,009,699 | ||||
2,778 | OReilly Automotive, Inc.* | 2,358,466 | ||||
55,822 | TJX Cos., Inc. (The) | 4,374,212 | ||||
3,739 | Ulta Beauty, Inc.* | 2,040,260 | ||||
|
|
|||||
15,438,298 | ||||||
|
|
|||||
Technology Hardware, Storage & Peripherals (3.2%): |
| |||||
295,907 | Apple, Inc. | 48,795,064 | ||||
25,531 | NetApp, Inc. | 1,630,154 | ||||
100,293 | Pure Storage, Inc., Class A* | 2,558,475 | ||||
|
|
|||||
52,983,693 | ||||||
|
|
|||||
Textiles, Apparel & Luxury Goods (0.4%): |
| |||||
47,476 | NIKE, Inc., Class B | 5,822,457 | ||||
|
|
|||||
Tobacco (0.2%): |
| |||||
41,088 | Altria Group, Inc. | 1,833,346 | ||||
21,519 | Philip Morris International, Inc. | 2,092,723 | ||||
|
|
|||||
3,926,069 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
101
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Trading Companies & Distributors (0.1%): |
| |||||
44,691 | Fastenal Co. | $ | 2,410,633 | |||
|
|
|||||
Total Common Stocks (Cost $642,784,528) |
667,385,786 | |||||
|
|
|||||
Preferred Stock (0.0%): |
| |||||
Electric Utilities (0.0%): |
| |||||
1,000 | PG&E Corp., 8/16/23 | 142,330 | ||||
|
|
|||||
Total Preferred Stock (Cost $117,395) |
142,330 | |||||
|
|
|||||
Contracts | Value | |||||
|
|
|||||
Warrants (0.0%): |
| |||||
Oil, Gas & Consumable Fuels (0.0%): |
| |||||
63 | California Resources Corp., 10/27/24* | 535 | ||||
2,121 | Occidental Petroleum Corp., 8/3/27 | 86,961 | ||||
|
|
|||||
87,496 | ||||||
|
|
|||||
Total Warrants (Cost $20,366) |
87,496 | |||||
|
|
|||||
Principal Amount | Value | |||||
Asset Backed Securities (0.5%): |
| |||||
$223,729 | Aaset Trust, Class A, Series 2019-2, 3.38%, 10/16/39(b) | 168,432 | ||||
659,221 | Aaset Trust, Class A, Series 2021-1A, 2.95%, 11/16/41(b) | 530,313 | ||||
491,683 | Aaset Trust, Class A, Series 2017-1A, 3.97%, 5/16/42(b) | 405,298 | ||||
189,708 | Aaset Trust, Class A, Series 2018-1A, 3.84%, 1/16/38(b) | 120,466 | ||||
1,262,649 | Aaset Trust, Class A, Series 2021-2A, 2.80%, 1/15/47(b) | 1,072,228 | ||||
138,939 | Aaset Trust, Class A, Series 2020-1A, 4.34%, 1/16/40(b) | 61,953 | ||||
124,414 | Aaset Trust, Class A, Series 2020-1A, 3.35%, 1/16/40(b) | 100,678 | ||||
93,917 | Aaset Trust, Class A, Series 2019-1, 3.84%, 5/15/39(b) | 64,326 | ||||
494,452 | Blackbird Capital Aircraft, Class A, Series 2016-1A, 4.21%, 12/16/41, Callable 12/15/24 @ 100(b)(c) | 435,441 | ||||
53,133 | Blackbird Capital Aircraft, Class AA, Series 2016-1A, 2.49%, 12/16/41, Callable 12/15/24 @ 100(b)(c) | 50,933 | ||||
972,984 | Blackbird Capital Aircraft, Class A, Series 2021-1A, 2.44%, 7/15/46, Callable 7/15/28 @ 100(b) | 840,852 | ||||
178,337 | Castlelake Aircraft Structured Trust, Class A, Series 2021-1A, 3.47%, 1/15/46(b) | 163,586 | ||||
204,760 | Castlelake Aircraft Structured Trust, Class A, Series 2019-1, 3.97%, 4/15/39(b) | 181,966 | ||||
186,315 | Castlelake Aircraft Structured Trust, Class B, Series 2019-1, 5.10%, 4/15/39(b) | 134,869 | ||||
127,821 | Castlelake Aircraft Structured Trust, Class A, Series 2018-1A, 4.13%, 6/15/43(b) | 115,728 | ||||
360,292 | CF Hippolyta LLC, Class A1, Series 2021-A, 1.53%, 3/15/61, Callable 3/15/24 @ 100(b) | 318,862 | ||||
349,600 | DB Master Finance LLC, Class A2II, Series 2017-1A, 4.03%, 11/20/47, Callable 11/20/23 @ 100(b) | 331,570 | ||||
196,770 | Horizon Aircraft Finance, Ltd., Class A, Series 2018- 1, 4.46%, 12/15/38(b) | 163,937 | ||||
191,220 | Horizon Aircraft Finance, Ltd., Class A, Series 2019- 1, 3.72%, 7/15/39(b) | 158,194 |
Principal Amount | Value | |||||
Asset Backed Securities, continued |
| |||||
$550,440 | Planet Fitness Master Issuer LLC, Class A2II, Series 2022-1A, 4.01%, 12/5/51, Callable 12/5/27 @ 100(b) | $ | 445,583 | |||
612,810 | Planet Fitness Master Issuer LLC, Class A2I, Series 2022-1A, 3.25%, 12/5/51, Callable 12/5/24 @ 100(b) | 535,949 | ||||
212,850 | Planet Fitness Master Issuer LLC, Class A2, Series 1A, 3.86%, 12/5/49, Callable 12/5/25 @ 100(b) | 184,172 | ||||
215,064 | Project Silver, Class A, Series 2019-1, 3.97%, 7/15/44(b) | 182,061 | ||||
233,783 | Sapphire Aviation Finance, Ltd., Class B, Series 2020-1A, 4.34%, 3/15/40(b) | 164,241 | ||||
209,696 | Sapphire Aviation Finance, Ltd., Class A, Series 2020-1A, 3.23%, 3/15/40(b) | 175,562 | ||||
202,404 | Thunderbolt Aircraft Lease, Ltd., Class A, Series 2017-A, 4.21%, 5/17/32, Callable 4/15/24 @ 100(b) (c) | 179,563 | ||||
298,891 | Thunderbolt Aircraft Lease, Ltd., Class A, Series 2019-1, 3.67%, 11/15/39(b) | 231,222 | ||||
277,698 | Thunderbolt II Aircraft Lease, Ltd., Class A, Series 2018, 4.15%, 9/15/38(b)(c) | 228,443 | ||||
|
|
|||||
Total Asset Backed Securities (Cost $9,286,563) |
7,746,428 | |||||
|
|
|||||
Collateralized Mortgage Obligations (5.4%): |
| |||||
250,000 | Aimco CLO, Class AR, Series 2018-BA, 5.89%(US0003M+110bps), 1/15/32, Callable 4/15/23 @ 100(b) | 246,291 | ||||
523,000 | Aimco CLO 11, Ltd., Class AR, Series 2020-11A, 5.92%(US0003M+113bps), 10/17/34, Callable 10/17/23 @ 100(b) | 509,260 | ||||
387,000 | Aimco CLO 14, Ltd., Class A, Series 2021-14A, 5.80%(US0003M+99bps), 4/20/34, Callable 4/20/23 @ 100(b) | 374,634 | ||||
250,000 | Allegro CLO XIII, Ltd., Class A, Series 2021-1A, 5.95%(US0003M+114bps), 7/20/34, Callable 7/20/23 @ 100(b) | 243,061 | ||||
2,812,000 | Allegro CLO XIV, Ltd., Class A1, Series 2021-2A, 5.95%(US0003M+116bps), 10/15/34, Callable 10/15/23 @ 100(b) | 2,740,328 | ||||
624,000 | Allegro CLO XV, Ltd., Class A, Series 2022-1A, 6.14%(TSFR3M+150bps), 7/20/35, Callable 7/20/24 @ 100(b) | 611,471 | ||||
256,000 | Ares CLO, Ltd., Class A, Series 2019-54A, 6.11%(US0003M+132bps), 10/15/32, Callable 4/15/23 @ 100(b) | 252,092 | ||||
853,000 | Ares LV CLO, Ltd., Class A1R, Series 2020-55A, 5.92%(US0003M+113bps), 7/15/34, Callable 7/15/23 @ 100(b) | 833,756 | ||||
660,000 | Ares XLI CLO, Ltd., Class AR2, Series 2016-41A, 5.86%(US0003M+107bps), 4/15/34, Callable 4/15/23 @ 100(b) | 640,909 | ||||
177,000 | BAMLL Commercial Mortgage Securities Trust, Class ANM, Series 2019-BPR, 3.11%, 11/5/32(b) | 166,303 | ||||
105,000 | BAMLL Commercial Mortgage Securities Trust, Class B, Series 2022-DKLX, 6.38%(TSFR1M+155bps), 1/15/39(b) | 99,836 | ||||
100,000 | BAMLL Commercial Mortgage Securities Trust, Class C, Series 2022-DKLX, 6.98%(TSFR1M+215bps), 1/15/39(b) | 94,518 |
See accompanying notes to the schedules of portfolio investments.
102
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
| |||||
$555,000 | BAMLL Commercial Mortgage Securities Trust, Class A, Series 2022-DKLX, 5.98%(TSFR1M+115bps), 1/15/39(b) | $ | 533,004 | |||
30,000 | Bank, Class A5, Series 2019-BN21, 2.85%, 10/15/52, Callable 10/15/29 @ 100 | 26,080 | ||||
786,000 | Barings CLO, Ltd., Class AR, Series 2020-1A, 5.94%(US0003M+115bps), 10/15/36, Callable 10/15/23 @ 100(b) | 764,636 | ||||
310,000 | Barings CLO, Ltd., Class A, Series 2020-4A, 6.03%(US0003M+122bps), 1/20/32, Callable 4/20/23 @ 100(b) | 305,722 | ||||
417,000 | Beechwood Park CLO, Ltd., Class A1R, Series 2019- 1A, 5.96%(TSFR3M+130bps), 1/17/35, Callable 1/17/24 @ 100(b) | 405,765 | ||||
34,000 | Benchmark Mortgage Trust, Class A5, Series 2018- B4, 4.12%, 7/15/51, Callable 7/15/28 @ 100(c) | 32,241 | ||||
1,139,000 | Bethpage Park CLO, Ltd., Class A, Series 2021-1A, 5.92%(US0003M+113bps), 1/15/35, Callable 10/15/23 @ 100(b) | 1,103,696 | ||||
139,000 | BFLD Trust, Class A, Series 2020-OBRK, 6.99%(US0001M+205bps), 11/15/28(b) | 138,250 | ||||
488,000 | BPR Trust, Class B, Series 2022-OANA, 7.27%(TSFR1M+245bps), 4/15/37(b) | 458,423 | ||||
1,835,000 | BPR Trust, Class A, Series 2022-OANA, 6.73%(TSFR1M+190bps), 4/15/37(b) | 1,763,229 | ||||
286,176 | Bristol Park CLO, Ltd., Class AR, Series 2016-1A, 5.78%(US0003M+99bps), 4/15/29, Callable 4/15/23 @ 100(b) | 282,881 | ||||
390,852 | BX Commercial Mortgage Trust, Class D, Series 2022-LP2, 6.79%(TSFR1M+196bps), 2/15/39(b) | 357,338 | ||||
390,852 | BX Commercial Mortgage Trust, Class B, Series 2022-LP2, 6.14%(TSFR1M+131bps), 2/15/39(b) | 372,066 | ||||
1,297,889 | BX Commercial Mortgage Trust, Class A, Series 2022-LP2, 5.84%(TSFR1M+101bps), 2/15/39(b) | 1,248,133 | ||||
5,017,000 | BX Commercial Mortgage Trust, Class A, Series 2019-IMC, 5.68%(US0001M+100bps), 4/15/34(b) | 4,880,115 | ||||
172,000 | BX Commercial Mortgage Trust, Class B, Series 2019-IMC, 5.98%(US0001M+130bps), 4/15/34(b) | 164,747 | ||||
119,000 | BX Commercial Mortgage Trust, Class D, Series 2019-IMC, 6.58%(US0001M+190bps), 4/15/34(b) | 112,573 | ||||
390,852 | BX Commercial Mortgage Trust, Class C, Series 2022-LP2, 6.39%(TSFR1M+156bps), 2/15/39(b) | 367,056 | ||||
113,000 | BX Commercial Mortgage Trust, Class C, Series 2019-IMC, 6.28%(US0001M+160bps), 4/15/34(b) | 107,394 | ||||
124,100 | BX Commercial Mortgage Trust, Class B, Series 2019-XL, 6.02%(US0001M+108bps), 10/15/36(b) | 121,799 | ||||
155,550 | BX Commercial Mortgage Trust, Class C, Series 2019-XL, 6.19%(US0001M+125bps), 10/15/36(b) | 152,045 | ||||
220,150 | BX Commercial Mortgage Trust, Class D, Series 2019-XL, 6.39%(US0001M+145bps), 10/15/36(b) | 213,966 | ||||
169,348 | BX Commercial Mortgage Trust, Class A, Series 2019-XL, 5.86%(US0001M+92bps), 10/15/36(b) | 167,454 | ||||
76,300 | BX Commercial Mortgage Trust, Class D, Series 2018-EXCL, 7.31%(US0001M+263bps), 9/15/37(b) | 70,436 | ||||
309,400 | BX Commercial Mortgage Trust, Class E, Series 2019-XL, 6.74%(US0001M+180bps), 10/15/36(b) | 300,458 | ||||
2,708,000 | BX Mortgage Trust, Class A, Series 2021-PAC, 5.37%(US0001M+69bps), 10/15/36(b) | 2,588,649 | ||||
210,000 | BX Mortgage Trust, Class D, Series 2021-PAC, 5.98%(US0001M+130bps), 10/15/36(b) | 193,348 |
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
| |||||
$730,000 | BX Mortgage Trust, Class E, Series 2021-PAC, 6.63%(US0001M+195bps), 10/15/36(b) | $ | 672,564 | |||
162,000 | BX Mortgage Trust, Class B, Series 2021-PAC, 5.58%(US0001M+90bps), 10/15/36(b) | 152,936 | ||||
216,000 | BX Mortgage Trust, Class C, Series 2021-PAC, 5.78%(US0001M+110bps), 10/15/36(b) | 201,079 | ||||
922,384 | BX Trust, Class A, Series 2022-IND A, 6.32%(TSFR1M+149bps), 4/15/24(b) | 901,414 | ||||
472,000 | BX Trust, Class A, Series 2022-GPA, 6.99%(TSFR1M+217bps), 10/15/39(b) | 466,393 | ||||
106,429 | BX Trust, Class C, Series 2022-IND, 7.12%(TSFR1M+229bps), 4/15/24(b) | 102,408 | ||||
4,920,685 | BX Trust, Class A, Series 2021-SOAR, 5.36%(US0001M+67bps), 6/15/38(b) | 4,729,969 | ||||
88,691 | BX Trust, Class D, Series 2022-IND, 7.67%(TSFR1M+284bps), 4/15/24(b) | 83,006 | ||||
470,528 | BX Trust, Class B, Series 2022-IND, 6.77%(TSFR1M+194bps), 4/15/24(b) | 457,468 | ||||
417,397 | Cascade Funding Mortgage Trust, Class A, Series 2021-HB6, 0.90%, 6/25/36, Callable 4/25/23 @ 100(b)(c) | 395,762 | ||||
17,105,000 | Cedar Funding V CLO, Ltd., Class A1R, Series 2016- 5A, 5.89%(US0003M+110bps), 7/17/31, Callable 4/17/23 @ 100(b) | 16,901,151 | ||||
235,000 | Cedar Funding VI CLO, Ltd., Class AAA, Series 2016- 6A, 5.86%(US0003M+105bps), 4/20/34, Callable 4/20/23 @ 100(b) | 227,015 | ||||
643,000 | Cedar Funding X CLO, Ltd., Class AR, Series 2019- 10A, 5.91%(US0003M+110bps), 10/20/32, Callable 4/20/23 @ 100(b) | 629,009 | ||||
485,000 | Cedar Funding XII CLO, Ltd., Class A1R, Series 2020-12A, 5.95%(US0003M+113bps), 10/25/34, Callable 10/25/23 @ 100(b) | 470,318 | ||||
942,000 | Cedar Funding XV CLO, Ltd., Class A, Series 2022- 15A, 5.96%(TSFR3M+132bps), 4/20/35, Callable 4/20/24 @ 100(b) | 916,251 | ||||
402,957 | CHC Commercial Mortgage Trust, Class A, Series 2019-CHC, 5.80%(US0001M+112bps), 6/15/34(b) | 391,428 | ||||
99,251 | CHC Commercial Mortgage Trust, Class C, Series 2019-CHC, 6.43%(US0001M+175bps), 6/15/34(b) | 93,215 | ||||
99,251 | CHC Commercial Mortgage Trust, Class B, Series 2019-CHC, 6.18%(US0001M+150bps), 6/15/34(b) | 97,561 | ||||
113,311 | CIM Retail Portfolio Trust, Class D, Series 2021- RETL, 7.74%(US0001M+305bps), 8/15/36(b) | 109,701 | ||||
791,000 | Columbia Cent CLO 29, Ltd., Class AR, Series 2020- 29A, 5.98%(US0003M+117bps), 10/20/34, Callable 10/20/23 @ 100(b) | 766,503 | ||||
410,000 | Columbia Cent CLO 30, Ltd., Class A1, Series 2020- 30A, 6.12%(US0003M+131bps), 1/20/34, Callable 4/20/23 @ 100(b) | 400,962 | ||||
310,000 | Columbia Cent CLO 31, Ltd., Class A1, Series 2021- 31A, 6.01%(US0003M+120bps), 4/20/34, Callable 7/20/23 @ 100(b) | 300,766 | ||||
920,000 | Columbia Cent CLO 32, Ltd., Class A1, Series 2022- 32A, 6.36%(TSFR3M+170bps), 7/20/34, Callable 1/24/24 @ 100(b) | 905,299 | ||||
57,000 | Commercial Mortgage Trust, Class A5, Series 2014- CR18, 3.83%, 7/15/47, Callable 7/15/24 @ 100 | 55,816 |
See accompanying notes to the schedules of portfolio investments.
103
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
| |||||
$242,397 | Credit Suisse Mortgage Capital Certificates, Class B, Series 2019-ICE4, 5.91%(US0001M+123bps), 5/15/36(b) | $ | 238,467 | |||
3,680,584 | Credit Suisse Mortgage Capital Certificates, Class A, Series 2020-NET, 2.26%, 8/15/37(b) | 3,307,104 | ||||
100,000 | CSMC Trust, Class D, Series 2018, 4.78%, 4/15/36(b) | 93,345 | ||||
100,000 | CSMC Trust, Class C, Series 2018, 4.78%, 4/15/36(b) | 95,559 | ||||
205,000 | CSMC Trust, Class A, Series 2018, 4.28%, 4/15/36(b) | 197,634 | ||||
100,000 | CSMC Trust, Class B, Series 2018, 4.53%, 4/15/36(b) | 96,084 | ||||
860,000 | CSMC Trust, Class D, Series 2017-PFHP, 6.93%(US0001M+225bps), 12/15/30(b) | 813,068 | ||||
527,000 | Dryden 76 CLO, Ltd., Class A1R, Series 2019-76A, 5.96%(US0003M+115bps), 10/20/34, Callable 10/20/23 @ 100(b) | 512,324 | ||||
577,000 | Dryden 83 CLO, Ltd., Class A, Series 2020-83A, 6.01%(US0003M+122bps), 1/18/32, Callable 4/18/23 @ 100(b) | 569,047 | ||||
1,019,000 | Dryden 85 CLO, Ltd., Class AR, Series 2020-85A, 5.94%(US0003M+115bps), 10/15/35, Callable 10/15/23 @ 100(b) | 988,327 | ||||
670,000 | Dryden 90 CLO, Ltd., Class A1A, Series 2021-90A, 6.05%(US0003M+113bps), 2/20/35, Callable 2/20/24 @ 100(b) | 649,002 | ||||
250,000 | Dryden CLO, Ltd., Class A, Series 2020-78A, 5.97%(US0003M+118bps), 4/17/33, Callable 4/17/23 @ 100(b) | 245,278 | ||||
250,000 | Eaton Vance CLO, Ltd., Class A13R, Series 2013-1A, 6.04%(US0003M+125bps), 1/15/34, Callable 4/15/23 @ 100(b) | 244,133 | ||||
930,000 | Eaton Vance CLO, Ltd., Class AR, Series 2020-2A, 5.94%(US0003M+115bps), 1/15/35, Callable 1/15/24 @ 100(b) | 907,967 | ||||
363,000 | Eaton Vance CLO, Ltd., Class AR, Series 2019-1A, 5.89%(US0003M+110bps), 4/15/31, Callable 4/15/23 @ 100(b) | 356,128 | ||||
1,469,000 | ELP Commercial Mortgage Trust, Class A, Series 2021-ELP, 5.39%(US0001M+70bps), 11/15/36(b) | 1,406,799 | ||||
297,739 | Extended Stay America Trust, Class B, Series 2021- ESH, 6.06%(US0001M+138bps), 7/15/38(b) | 288,433 | ||||
219,643 | Extended Stay America Trust, Class C, Series 2021- ESH, 6.39%(US0001M+170bps), 7/15/38(b) | 211,672 | ||||
522,263 | Extended Stay America Trust, Class A, Series 2021- ESH, 5.77%(US0001M+108bps), 7/15/38(b) | 506,274 | ||||
439,287 | Extended Stay America Trust, Class D, Series 2021- ESH, 6.94%(US0001M+225bps), 7/15/38(b) | 418,385 | ||||
508,000 | Flatiron CLO 20, Ltd., Class A, Series 2020-1A, 6.22%(US0003M+130bps), 11/20/33, Callable 5/20/23 @ 100(b) | 499,208 | ||||
250,000 | Flatiron CLO 21, Ltd., Class A1, Series 2021-1A, 5.91%(US0003M+111bps), 7/19/34, Callable 7/19/23 @ 100(b) | 244,255 | ||||
643,000 | GS Mortgage Securities Corp. Trust, Class A, Series 2021-IP, 5.63%(US0001M+95bps), 10/15/36(b) | 606,576 | ||||
100,000 | GS Mortgage Securities Corp. Trust, Class B, Series 2021-IP, 5.83%(US0001M+115bps), 10/15/36(b) | 93,457 |
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
| |||||
$100,000 | GS Mortgage Securities Corp. Trust, Class C, Series 2021-IP, 6.23%(US0001M+155bps), 10/15/36(b) | $ | 92,635 | |||
800,000 | INTOWN STAY Mortgage Trust, Class A, Series 2022, 7.32%(TSFR1M+249bps), 8/15/37, Callable 8/15/24 @ 100(b) | 793,496 | ||||
556,000 | Invesco CLO, Ltd., Class A, Series 2021-3A, 5.95%(US0003M+113bps), 10/22/34, Callable 10/22/23 @ 100(b) | 540,284 | ||||
64,000 | J.P. Morgan Chase Commercial Mortgage Securities Trust, Class DFX, Series 2018-WPT, 5.35%, 7/5/23, Callable 7/5/23 @ 100(b) | 58,814 | ||||
87,000 | J.P. Morgan Chase Commercial Mortgage Securities Trust, Class EFX, Series 2018-WPT, 5.54%, 7/5/23, Callable 7/5/23 @ 100(b) | 78,435 | ||||
41,000 | J.P. Morgan Chase Commercial Mortgage Securities Trust, Class CFX, Series 2018-WPT, 4.95%, 7/5/23, Callable 7/5/23 @ 100(b) | 38,312 | ||||
98,297 | Life Mortgage Trust, Class B, Series 2021-BMR, 5.82%(US0001M+88bps), 3/15/38(b) | 93,915 | ||||
98,297 | Life Mortgage Trust, Class D, Series 2021-BMR, 6.34%(US0001M+140bps), 3/15/38(b) | 92,902 | ||||
426,000 | Life Mortgage Trust, Class D, Series 2022-BMR2, 7.37%(TSFR1M+254bps), 5/15/39, Callable 5/15/24 @ 100(b) | 406,810 | ||||
98,297 | Life Mortgage Trust, Class C, Series 2021-BMR, 6.04%(US0001M+110bps), 3/15/38(b) | 93,390 | ||||
280,147 | Life Mortgage Trust, Class A, Series 2021-BMR, 5.64%(US0001M+70bps), 3/15/38(b) | 271,865 | ||||
1,420,000 | Life Mortgage Trust, Class A1, Series 2022-BMR2, 6.12%(TSFR1M+130bps), 5/15/39, Callable 5/15/24 @ 100(b) | 1,383,148 | ||||
855,000 | Life Mortgage Trust, Class B, Series 2022-BMR2, 6.62%(TSFR1M+179bps), 5/15/39, Callable 5/15/24 @ 100(b) | 827,199 | ||||
479,000 | Life Mortgage Trust, Class C, Series 2022-BMR2, 6.92%(TSFR1M+209bps), 5/15/39, Callable 5/15/24 @ 100(b) | 461,029 | ||||
98,297 | Life Mortgage Trust, Class E, Series 2021-BMR, 6.69%(US0001M+175bps), 3/15/38(b) | 91,677 | ||||
500,000 | Lucali CLO, Ltd., Class A, Series 2020-1A, 6.00%(US0003M+121bps), 1/15/32, Callable 4/15/23 @ 100(b) | 492,692 | ||||
320,000 | Madison Park Funding L, Ltd., Class A, Series 2021- 50A, 6.03%(US0003M+114bps), 4/19/34, Callable 4/19/23 @ 100(b) | 313,080 | ||||
910,000 | Madison Park Funding LII, Ltd., Class A, Series 2021-52A, 5.92%(US0003M+110bps), 1/22/35, Callable 1/22/24 @ 100(b) | 879,379 | ||||
250,000 | Madison Park Funding XLV, Ltd., Class AR, Series 2020-45A, 5.91%(US0003M+112bps), 7/15/34, Callable 7/15/23 @ 100(b) | 244,399 | ||||
435,303 | Madison Park Funding, Ltd., Class A1R2, Series 2015-19A, 5.74%(US0003M+92bps), 1/22/28, Callable 4/22/23 @ 100(b) | 431,646 | ||||
250,000 | Magnetite XXI, Ltd., Class AR, Series 2019-21A, 5.83%(US0003M+102bps), 4/20/34, Callable 4/20/23 @ 100(b) | 242,328 | ||||
680,000 | Magnetite XXIX, Ltd., Class A, Series 2021-29A, 5.78%(US0003M+99bps), 1/15/34, Callable 4/15/23 @ 100(b) | 667,534 |
See accompanying notes to the schedules of portfolio investments.
104
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
||||||
$250,000 | Magnetite XXVII, Ltd., Class AR, Series 2020-27A, 5.95%(US0003M+114bps), 10/20/34, Callable 10/20/23 @ 100(b) | $ | 243,383 | |||
968,000 | Magnetite XXX, Ltd., Class A, Series 2021-30A, 5.95%(US0003M+113bps), 10/25/34, Callable 10/25/23 @ 100(b) | 943,093 | ||||
54,850 | Mesquite Energy, Inc., 7.82%(LIBOR+800bps-), 12/31/49(a)(d)(e) | 335,836 | ||||
31,702 | Mesquite Energy, Inc., 7.86%(LIBOR+0bps-), 12/31/49(a)(d)(e) | 194,105 | ||||
260,000 | MHC Commercial Mortgage Trust, Class A, Series 2021-MHC, 5.48%(US0001M+80bps), 4/15/38(b) | 251,143 | ||||
310,683 | Milos CLO, Ltd., Class AR, Series 2017-1A, 5.88%(US0003M+107bps), 10/20/30, Callable 4/20/23 @ 100(b) | 306,907 | ||||
385,000 | Morgan Stanley Capital I Trust, Class A, Series 2019-Mead, 3.17%, 11/10/36, Callable 11/10/24 @ 100(b) | 362,462 | ||||
471,200 | Morgan Stanley Capital I Trust, Class C, Series 2018-BOP, 6.18%(US0001M+150bps), 6/15/35(b) | 376,960 | ||||
196,000 | Morgan Stanley Capital I Trust, Class B, Series 2018-BOP, 5.93%(US0001M+125bps), 6/15/35(b) | 175,706 | ||||
56,000 | Morgan Stanley Capital I Trust, Class B, Series 2019-Mead, 3.18%, 11/10/36, Callable 11/10/24 @ 100(b) | 52,221 | ||||
53,000 | Morgan Stanley Capital I Trust, Class C, Series 2019-Mead, 3.18%, 11/10/36, Callable 11/10/24 @ 100(b)(c) | 48,688 | ||||
132,000 | Morgan Stanley Capital I Trust, Class A4, Series 2018-H4, 4.31%, 12/15/51, Callable 1/15/29 @ 100 | 125,838 | ||||
326,000 | Peace Park CLO, Ltd., Class A, Series 2021-1A, 5.94%(US0003M+113bps), 10/20/34, Callable 10/20/23 @ 100(b) | 318,574 | ||||
17,385 | Prima Capital CRE Securitization, Class A, Series 2021-9A, 6.21%(US0001M+145bps), 12/15/37, Callable 12/25/23 @ 100(b) | 17,163 | ||||
333,000 | Rockland Park CLO, Ltd., Class A, Series 2021-1A, 5.93%(US0003M+112bps), 4/20/34, Callable 4/20/23 @ 100(b) | 325,585 | ||||
250,000 | SPGN Mortgage Trust, Class B, Series 2022-TFLM, 6.83%(TSFR1M+200bps), 2/15/39, Callable 2/15/24 @ 100(b) | 237,876 | ||||
130,000 | SPGN Mortgage Trust, Class C, Series 2022-TFLM, 7.48%(TSFR1M+265bps), 2/15/39, Callable 2/15/24 @ 100(b) | 121,856 | ||||
237,000 | SREIT Trust, Class D, Series 2021-MFP, 6.26%(US0001M+158bps), 11/15/38(b) | 221,208 | ||||
360,000 | SREIT Trust, Class C, Series 2021-MFP, 6.01%(US0001M+133bps), 11/15/38(b) | 338,088 | ||||
580,000 | SREIT Trust, Class B, Series 2021-MFP, 5.76%(US0001M+108bps), 11/15/38(b) | 550,312 | ||||
1,013,000 | SREIT Trust, Class A, Series 2021-MFP, 5.42%(US0001M+73bps), 11/15/38(b) | 970,200 | ||||
241,631 | Stratus CLO, Ltd., Class A, Series 2022-1A, 6.39%(TSFR3M+175bps), 7/20/30, Callable 7/20/23 @ 100(b) | 240,356 | ||||
403,000 | Symphony CLO XIX, Ltd., Class A, Series 2018-19A, 5.75%(US0003M+96bps), 4/16/31, Callable 4/16/23 @ 100(b) | 397,358 |
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
||||||
$500,000 | Symphony CLO XXVI, Ltd., Class AR, Series 2021- 26A, 5.89%(US0003M+108bps), 4/20/33, Callable 4/20/23 @ 100(b) | $ | 488,695 | |||
1,054,000 | Symphony CLO XXXII, Ltd., Class A1, Series 2022- 32A, 5.97%(TSFR3M+132bps), 4/23/35, Callable 4/23/24 @ 100(b) | 1,038,004 | ||||
285,000 | VLS Commercial Mortgage Trust, Class A, Series 2020-LAB, 2.13%, 10/10/42(b) | 222,792 | ||||
20,000 | VLS Commercial Mortgage Trust, Class B, Series 2020-LAB, 2.45%, 10/10/42(b) | 14,961 | ||||
335,000 | Voya CLO, Ltd., Class A, Series 2019-2, 6.08%(US0003M+127bps), 7/20/32, Callable 4/20/23 @ 100(b) | 331,009 | ||||
564,000 | Voya CLO, Ltd., Class AR, Series 2020-1A, 5.94%(US0003M+115bps), 7/16/34, Callable 7/16/23 @ 100(b) | 550,093 | ||||
1,073,000 | Voya CLO, Ltd., Class AR, Series 2020-3A, 5.96%(US0003M+115bps), 10/20/34, Callable 10/20/23 @ 100(b) | 1,045,149 | ||||
551,000 | Voya CLO, Ltd., Class A1R, Series 2020-2A, 5.96%(US0003M+116bps), 7/19/34, Callable 7/19/23 @ 100(b) | 538,836 | ||||
185,000 | Wells Fargo Commercial Mortgage Trust, Class A, Series 2021-FCMT, 5.88%(US0001M+120bps), 5/15/31(b) | 176,371 | ||||
155,000 | Wells Fargo Commercial Mortgage Trust, Class A5, Series 2018-C48, 4.30%, 1/15/52, Callable 12/15/28 @ 100 | 147,127 | ||||
|
|
|||||
Total Collateralized Mortgage Obligations (Cost $90,946,159) |
88,363,407 | |||||
|
|
|||||
Convertible Bonds (0.0%): |
||||||
Entertainment (0.0%): |
||||||
25,000 | Live Nation Entertainment, Inc., 2.00%, 2/15/25 | 24,454 | ||||
|
|
|||||
Hotels, Restaurants & Leisure (0.0%): |
| |||||
37,000 | Booking Holdings, Inc., 0.75%, 5/1/25 | 55,131 | ||||
27,000 | Vail Resorts, Inc., 4.33%, 1/1/26 | 24,025 | ||||
|
|
|||||
79,156 | ||||||
|
|
|||||
Leisure Products (0.0%): |
||||||
19,000 | Callaway Golf Co., 2.75%, 5/1/26 | 25,776 | ||||
|
|
|||||
Media (0.0%): |
||||||
54,000 | DISH Network Corp., 2.38%, 3/15/24 | 47,709 | ||||
846,000 | DISH Network Corp., 3.38%, 8/15/26 | 428,633 | ||||
|
|
|||||
476,342 | ||||||
|
|
|||||
Professional Services (0.0%): |
||||||
16,000 | FTI Consulting, Inc., 2.00%, 8/15/23 | 31,131 | ||||
23,000 | KBR, Inc., 2.50%, 11/1/23 | 49,734 | ||||
|
|
|||||
80,865 | ||||||
|
|
|||||
Semiconductors & Semiconductor Equipment (0.0%): |
| |||||
8,000 | ON Semiconductor Corp., 1.63%, 10/15/23 | 31,527 | ||||
|
|
|||||
Total Convertible Bonds (Cost $1,011,581) |
718,120 | |||||
|
|
|||||
Bank Loans (0.1%): |
||||||
Chemicals (0.0%): |
||||||
14,775 | Consolidated Energy Term Incr B 1Ln, 8.11% (LIBOR+350bps ) | 14,332 |
See accompanying notes to the schedules of portfolio investments.
105
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Bank Loans, continued |
||||||
Chemicals, continued |
||||||
$19,800 | Diversey Term B 1Ln, 7.07% (LIBOR+275bps ), 9/29/28 | $ | 19,710 | |||
|
|
|||||
34,042 | ||||||
|
|
|||||
Construction & Engineering (0.0%): |
||||||
35,000 | Convergint Tech Term 2Ln, 8.07% (LIBOR+675bps ), 3/31/29 | 30,596 | ||||
4,925 | Convergint Tech Term B 1Ln, 11.07% (LIBOR+375bps ), 3/31/28 | 4,774 | ||||
|
|
|||||
35,370 | ||||||
|
|
|||||
Diversified Consumer Services (0.0%): |
||||||
15,000 | Ascend Learning Term 2Ln, 7.32% (LIBOR+575bps ), 12/10/29 | 12,875 | ||||
163,350 | Ascend Learning Term B 1Ln, 7.71% (LIBOR+350bps ), 12/10/28 | 150,486 | ||||
|
|
|||||
163,361 | ||||||
|
|
|||||
Health Care Providers & Services (0.0%): |
||||||
250,000 | Cano Health Term B, 0.00%, 11/23/27 | 185,000 | ||||
|
|
|||||
Hotels, Restaurants & Leisure (0.0%): |
||||||
247,500 | City Football Group Term B 1Ln, 8.36% (LIBOR+300bps ), 7/21/28 | 235,434 | ||||
172,368 | Diamond Sports Group Term 2Ln, 10.07% (Term SOFR+335bps ), 8/24/26 | 9,911 | ||||
104,275 | Golden Entertainment Term B 1Ln, 7.82% (LIBOR+300bps ), 10/20/24 | 104,014 | ||||
|
|
|||||
349,359 | ||||||
|
|
|||||
Industrial Products (0.0%): |
||||||
119,700 | Westinghouse Term 1Ln, 12.32% (Term SOFR+375bps ), 8/1/25 | 119,341 | ||||
|
|
|||||
Media (0.0%): |
| |||||
44,775 | Authentic Brands Term B1 1Ln, 7.86% (Term SOFR+350bps ), 12/21/28 | 44,029 | ||||
|
|
|||||
Software (0.0%): |
| |||||
3,385 | Ion Analytics Term 1Ln, 7.82% (Term SOFR+400bps ), 2/16/28 | 3,260 | ||||
|
|
|||||
Software & Tech Services (0.1%): |
||||||
110,879 | Athenahealth Term B 1Ln, 7.32% (Term SOFR+350bps ), 2/15/29 | 103,671 | ||||
13,587 | Athenahealth Term DD 1Ln, 4.32% (LIBOR+350bps ), 2/15/29 | 12,704 | ||||
300,000 | Nielsen Holdings Term B 1Ln, 4.36% (Term SOFR+0bps ), 4/11/29 | 269,250 | ||||
|
|
|||||
385,625 | ||||||
|
|
|||||
Utilities (0.0%): |
| |||||
340,000 | Breakwater Energy Term, 0.00%, 9/1/26 | 323,000 | ||||
|
|
|||||
Total Bank Loans (Cost $1,800,789) |
1,642,387 | |||||
|
|
|||||
Corporate Bonds (18.7%): |
||||||
Aerospace & Defense (0.4%): |
||||||
1,145,000 | Boeing Co. (The), 5.04%, 5/1/27, Callable 3/1/27 @ 100 | 1,151,316 | ||||
145,000 | Boeing Co. (The), 5.15%, 5/1/30, Callable 2/1/30 @ 100 | 146,111 | ||||
1,100,000 | Boeing Co. (The), 5.71%, 5/1/40, Callable 11/1/39 @ 100 | 1,113,784 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Aerospace & Defense, continued |
||||||
$100,000 | Boeing Co. (The), 5.81%, 5/1/50, Callable 11/1/49 @ 100 | $ | 99,902 | |||
1,150,000 | Boeing Co. (The), 5.93%, 5/1/60, Callable 11/1/59 @ 100 | 1,141,716 | ||||
310,000 | BWX Technologies, Inc., 4.13%, 6/30/28, Callable 6/30/23 @ 102.06(b) | 279,775 | ||||
310,000 | Howmet Aerospace, Inc., 5.95%, 2/1/37 | 312,325 | ||||
145,000 | Moog, Inc., 4.25%, 12/15/27, Callable 5/11/23 @ 103.19(b) | 134,306 | ||||
40,000 | TransDigm UK Holdings plc, 6.88%, 5/15/26, Callable 5/11/23 @ 103.44 | 39,400 | ||||
40,000 | TransDigm, Inc., 6.38%, 6/15/26, Callable 5/11/23 @ 101.59 | 39,000 | ||||
35,000 | TransDigm, Inc., 7.50%, 3/15/27, Callable 5/11/23 @ 101.88 | 34,825 | ||||
1,655,000 | TransDigm, Inc., 5.50%, 11/15/27, Callable 5/11/23 @ 102.75 | 1,530,875 | ||||
310,000 | TransDigm, Inc., 4.88%, 5/1/29, Callable 5/1/24 @ 102.44 | 271,250 | ||||
|
|
|||||
6,294,585 | ||||||
|
|
|||||
Air Freight & Logistics (0.0%): |
||||||
255,000 | Cargo Aircraft Management, Inc., 4.75%, 2/1/28, Callable 4/26/23 @ 102.38(b) | 224,400 | ||||
237,000 | XPO Logistics, Inc., 6.25%, 5/1/25, Callable 5/11/23 @ 101.56(b) | 234,334 | ||||
|
|
|||||
458,734 | ||||||
|
|
|||||
Automobile Components (0.1%): |
||||||
125,000 | Dana, Inc., 4.50%, 2/15/32, Callable 2/15/27 @ 102.25 | 99,688 | ||||
519,000 | Magallanes, Inc., 3.76%, 3/15/27, Callable 2/15/27 @ 100(b) | 486,172 | ||||
340,000 | Magic Mergeco, Inc., 5.25%, 5/1/28, Callable 11/1/23 @ 102.63(b) | 282,200 | ||||
165,000 | Thor Industries, Inc., 4.00%, 10/15/29, Callable 10/15/24 @ 102(b) | 134,062 | ||||
209,000 | Volkswagen Group of America Finance LLC, 3.13%, 5/12/23(b) | 208,365 | ||||
|
|
|||||
1,210,487 | ||||||
|
|
|||||
Banks (2.1%): |
| |||||
410,000 | Bank of America Corp., Series L, 3.95%, 4/21/25 | 396,661 | ||||
151,000 | Bank of America Corp., Series G, 4.45%, 3/3/26 | 147,246 | ||||
1,300,000 | Bank of America Corp., 3.42% (US0003M+104 bps), 12/20/28, Callable 12/20/27 @ 100 | 1,208,775 | ||||
980,000 | Bank of America Corp., 2.30% (SOFR+122 bps), 7/21/32, Callable 7/21/31 @ 100 | 786,404 | ||||
6,359,000 | Bank of America Corp., 5.02% (SOFR+216 bps), 7/22/33, Callable 7/22/32 @ 100 | 6,269,268 | ||||
70,000 | CIT Group, Inc., 3.93% (SOFR+4 bps), 6/19/24, Callable 6/19/23 @ 100 | 67,847 | ||||
165,000 | CIT Group, Inc., 6.13%, 3/9/28 | 156,899 | ||||
2,455,000 | Citigroup, Inc., 3.35% (US0003M+90 bps), 4/24/25, Callable 4/24/24 @ 100 | 2,390,510 | ||||
1,098,000 | Citigroup, Inc., 4.30%, 11/20/26 | 1,062,198 | ||||
1,156,000 | Citigroup, Inc., 4.41% (SOFR+391 bps), 3/31/31, Callable 3/31/30 @ 100 | 1,092,390 | ||||
2,635,000 | Citigroup, Inc., 4.91% (SOFR+209 bps), 5/24/33, Callable 5/24/32 @ 100 | 2,577,093 |
See accompanying notes to the schedules of portfolio investments.
106
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Banks, continued |
| |||||
$2,500,000 | JPMorgan Chase & Co., 4.49% (SOFR+379 bps), 3/24/31, Callable 3/24/30 @ 100 | $ | 2,419,518 | |||
181,000 | JPMorgan Chase & Co., 2.96% (SOFR+252 bps), 5/13/31, Callable 5/13/30 @ 100 | 156,166 | ||||
5,828,000 | JPMorgan Chase & Co., 4.59% (SOFR+180 bps), 4/26/33, Callable 4/26/32 @ 100 | 5,611,542 | ||||
937,000 | JPMorgan Chase & Co., 4.91% (SOFR+208 bps), 7/25/33, Callable 7/25/32 @ 100 | 930,328 | ||||
724,000 | Santander Holdings USA, Inc., 6.50% (SOFR+236 bps), 3/9/29, Callable 3/9/28 @ 100 | 718,580 | ||||
3,705,000 | Wells Fargo & Co., 2.41% (US0003M+83 bps), 10/30/25, Callable 10/30/24 @ 100, MTN | 3,525,878 | ||||
1,099,000 | Wells Fargo & Co., 3.53% (SOFR+151 bps), 3/24/28, Callable 3/24/27 @ 100 | 1,035,916 | ||||
2,645,000 | Wells Fargo & Co., 4.48% (US0003M+4 bps), 4/4/31, Callable 4/4/30 @ 100, MTN | 2,525,708 | ||||
1,800,000 | Wells Fargo & Co., 5.01% (US0003M+424 bps), 4/4/51, Callable 4/4/50 @ 100, MTN | 1,682,725 | ||||
|
|
|||||
34,761,652 | ||||||
|
|
|||||
Beverages (0.5%): |
| |||||
2,400,000 | Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.70%, 2/1/36, Callable 8/1/35 @ 100 | 2,384,453 | ||||
3,100,000 | Anheuser-Busch InBev Worldwide, Inc., 3.50%, 6/1/30, Callable 3/1/30 @ 100 | 2,920,079 | ||||
150,000 | Anheuser-Busch InBev Worldwide, Inc., 4.35%, 6/1/40, Callable 12/1/39 @ 100 | 140,434 | ||||
333,000 | Anheuser-Busch InBev Worldwide, Inc., 4.75%, 4/15/58, Callable 10/15/57 @ 100 | 313,946 | ||||
2,445,000 | Anheuser-Busch InBev Worldwide, Inc., 5.80%, 1/23/59, Callable 7/23/58 @ 100 | 2,652,422 | ||||
285,000 | Triton Water Holdings, Inc., 6.25%, 4/1/29, Callable 4/1/24 @ 103.13(b) | 225,862 | ||||
|
|
|||||
8,637,196 | ||||||
|
|
|||||
Biotechnology (0.2%): |
||||||
411,000 | Amgen, Inc., 5.15%, 3/2/28, Callable 2/2/28 @ 100 | 419,350 | ||||
375,000 | Amgen, Inc., 5.25%, 3/2/30, Callable 1/2/30 @ 100 | 383,010 | ||||
424,000 | Amgen, Inc., 5.25%, 3/2/33, Callable 12/2/32 @ 100 | 435,179 | ||||
403,000 | Amgen, Inc., 5.60%, 3/2/43, Callable 9/2/42 @ 100 | 415,089 | ||||
200,000 | Amgen, Inc., 5.65%, 3/2/53, Callable 9/2/52 @ 100 | 207,423 | ||||
365,000 | Amgen, Inc., 5.75%, 3/2/63, Callable 9/2/62 @ 100 | 377,364 | ||||
555,000 | Emergent BioSolutions, Inc., 3.88%, 8/15/28, Callable 8/15/23 @ 101.94(b) | 263,625 | ||||
|
|
|||||
2,501,040 | ||||||
|
|
|||||
Building Products (0.1%): |
||||||
795,000 | Advanced Drainage Systems, Inc., 5.00%, 9/30/27, Callable 4/26/23 @ 102.5(b) | 755,250 | ||||
120,000 | Builders FirstSource, Inc., 4.25%, 2/1/32, Callable 8/1/26 @ 102.13(b) | 103,800 | ||||
35,000 | Roller Bearing Co. of America, Inc., 4.38%, 10/15/29, Callable 10/15/24 @ 102.19(b) | 31,019 | ||||
|
|
|||||
890,069 | ||||||
|
|
|||||
Capital Markets (1.8%): |
||||||
457,000 | Ares Capital Corp., 4.20%, 6/10/24, Callable 5/10/24 @ 100 | 441,576 | ||||
2,707,000 | Ares Capital Corp., 3.88%, 1/15/26, Callable 12/15/25 @ 100 | 2,497,586 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Capital Markets, continued |
||||||
$888,000 | Blackstone Private Credit Fund, 7.05%, 9/29/25^(b) | $ | 868,137 | |||
250,000 | Charles Schwab Corp. (The), 4.00% (H15T10Y+308 bps), 12/31/99, Callable 12/1/30 @ 100 | 196,875 | ||||
105,000 | Charles Schwab Corp. (The), 5.38% (H15T5Y+497 bps), 12/31/99, Callable 6/1/25 @ 100 | 99,487 | ||||
315,000 | Coinbase Global, Inc., 3.38%, 10/1/28, Callable 10/1/24 @ 101.69(b) | 192,150 | ||||
380,000 | Coinbase Global, Inc., 3.63%, 10/1/31, Callable 10/1/26 @ 101.81(b) | 212,800 | ||||
2,880,000 | Goldman Sachs Group, Inc. (The), 3.80%, 3/15/30, Callable 12/15/29 @ 100 | 2,672,384 | ||||
1,263,000 | Goldman Sachs Group, Inc. (The), 2.38% (SOFR+125 bps), 7/21/32, Callable 7/21/31 @ 100 | 1,025,263 | ||||
3,062,000 | Goldman Sachs Group, Inc. (The), 3.10% (SOFR+141 bps), 2/24/33, Callable 2/24/32 @ 100 | 2,607,471 | ||||
128,000 | Goldman Sachs Group, Inc. (The), 6.75%, 10/1/37 | 138,437 | ||||
50,000 | HAT Holdings I LLC/HAT Holdings II LLC, 3.38%, 6/15/26, Callable 3/15/26 @ 100(b) | 43,937 | ||||
55,000 | LCM Investments Holdings II LLC, 4.88%, 5/1/29, Callable 5/1/24 @ 102.44(b) | 45,925 | ||||
55,000 | ModivCare Escrow Issuer, Inc., 5.00%, 10/1/29, Callable 10/1/24 @ 102.5(b) | 47,025 | ||||
1,100,000 | Moodys Corp., 3.75%, 3/24/25, Callable 2/24/25 @ 100 | 1,075,770 | ||||
1,100,000 | Moodys Corp., 3.25%, 1/15/28, Callable 10/15/27 @ 100 | 1,032,805 | ||||
6,619,000 | Morgan Stanley, 3.74% (US0003M+85 bps), 4/24/24, Callable 4/24/23 @ 100 | 6,606,523 | ||||
2,534,000 | Morgan Stanley, 3.62% (SOFR+312 bps), 4/1/31, Callable 4/1/30 @ 100 | 2,315,245 | ||||
2,236,000 | Morgan Stanley, 4.89% (SOFR+208 bps), 7/20/33, Callable 7/20/32 @ 100 | 2,186,502 | ||||
1,700,000 | Morgan Stanley, 6.34% (SOFR+256 bps), 10/18/33, Callable 10/18/32 @ 100 | 1,854,904 | ||||
500,000 | MSCI, Inc., 3.88%, 2/15/31, Callable 6/1/25 @ 101.94(b) | 443,750 | ||||
100,000 | MSCI, Inc., 3.25%, 8/15/33, Callable 8/15/27 @ 101.63(b) | 81,125 | ||||
485,000 | Navios South American Logistics, Inc./Navios Logistics Finance US, Inc., 10.75%, 7/1/25, Callable 5/11/23 @ 108.06(b) | 474,766 | ||||
650,000 | Olympus Water US Holding Corp., 4.25%, 10/1/28, Callable 10/1/24 @ 102.13(b) | 532,188 | ||||
2,296,000 | Pine Street Trust I, 4.57%, 2/15/29, Callable 11/15/28 @ 100(b) | 2,139,048 | ||||
300,000 | Pine Street Trust II, 5.57%, 2/15/49, Callable 8/15/48 @ 100(b) | 257,879 | ||||
15,000 | Real Hero Merger Sub 2, Inc., 6.25%, 2/1/29, Callable 2/1/24 @ 103.13(b) | 11,138 | ||||
55,000 | Victors Merger Corp., 6.38%, 5/15/29, Callable 5/15/24 @ 103.19(b) | 31,900 | ||||
|
|
|||||
30,132,596 | ||||||
|
|
|||||
Chemicals (0.2%): |
| |||||
15,000 | CF Industries, Inc., 4.95%, 6/1/43 | 12,863 | ||||
510,000 | Chemours Co. (The), 5.38%, 5/15/27, Callable 2/15/27 @ 100 | 471,112 | ||||
915,000 | Chemours Co. (The), 5.75%, 11/15/28, Callable 11/15/23 @ 102.88(b) | 804,056 |
See accompanying notes to the schedules of portfolio investments.
107
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Chemicals, continued |
||||||
$60,000 | Diamond BC BV, 4.63%, 10/1/29, Callable 10/1/24 @ 102.31^(b) | $ | 58,200 | |||
555,000 | LSB Industries, Inc., 6.25%, 10/15/28, Callable 10/15/24 @ 103.13(b) | 495,338 | ||||
135,000 | Scotts Miracle-Gro Co. (The), 4.38%, 2/1/32, Callable 8/1/26 @ 102.19 | 108,169 | ||||
25,000 | Valvoline, Inc., 4.25%, 2/15/30, Callable 2/15/25 @ 102.13(b) | 24,531 | ||||
350,000 | Valvoline, Inc., 3.63%, 6/15/31, Callable 6/15/26 @ 101.81(b) | 296,625 | ||||
450,000 | WR Grace Holdings LLC, 4.88%, 6/15/27, Callable 6/15/23 @ 102.44(b) | 433,610 | ||||
125,000 | WR Grace Holdings LLC, 5.63%, 8/15/29, Callable 8/15/24 @ 102.81(b) | 104,687 | ||||
40,000 | WR Grace Holdings LLC, 7.38%, 3/1/31, Callable 3/1/26 @ 103.69(b) | 40,050 | ||||
|
|
|||||
2,849,241 | ||||||
|
|
|||||
Commercial Services & Supplies (0.1%): |
||||||
125,000 | ADT Security Corp. (The), 4.13%, 8/1/29, Callable 8/1/28 @ 100(b) | 111,406 | ||||
430,000 | Aramark Services, Inc., 5.00%, 2/1/28, Callable 5/11/23 @ 102.5(b) | 405,813 | ||||
55,000 | Clean Harbors, Inc., 6.38%, 2/1/31, Callable 2/1/26 @ 103.19(b) | 55,894 | ||||
615,000 | CoreCivic, Inc., 8.25%, 4/15/26, Callable 4/15/24 @ 104.13 | 619,612 | ||||
41,000 | GEO Group, Inc. (The), 10.50%, 6/30/28, Callable 4/21/23 @ 103 | 41,615 | ||||
85,000 | GEO Group, Inc. (The), 9.50%, 12/31/28, Callable 4/21/23 @ 103(b) | 82,131 | ||||
25,000 | Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc., 5.00%, 2/1/26, Callable 5/11/23 @ 102.5(b) | 22,187 | ||||
25,000 | Pitney Bowes, Inc., 6.88%, 3/15/27, Callable 3/15/24 @ 103.44(b) | 19,781 | ||||
45,000 | Pitney Bowes, Inc., 7.25%, 3/15/29, Callable 3/15/24 @ 103.63(b) | 33,863 | ||||
270,000 | Stericycle, Inc., 3.88%, 1/15/29, Callable 11/15/23 @ 101.94(b) | 236,925 | ||||
|
|
|||||
1,629,227 | ||||||
|
|
|||||
Communication Services (0.1%): |
||||||
485,000 | Magallanes, Inc., 3.43%, 3/15/24(b) | 471,713 | ||||
265,000 | Magallanes, Inc., 3.64%, 3/15/25(b) | 256,451 | ||||
180,000 | Magallanes, Inc., 4.05%, 3/15/29, Callable 1/15/29 @ 100(b) | 167,052 | ||||
753,000 | Magallanes, Inc., 4.28%, 3/15/32, Callable 12/15/31 @ 100(b) | 670,698 | ||||
576,000 | Magallanes, Inc., 5.14%, 3/15/52, Callable 9/15/51 @ 100(b) | 464,002 | ||||
391,000 | Warnermedia Holdings, Inc., 5.05%, 3/15/42, Callable 9/15/41 @ 100(b) | 326,283 | ||||
|
|
|||||
2,356,199 | ||||||
|
|
|||||
Communications Equipment (0.0%): |
||||||
205,000 | CommScope, Inc., 7.13%, 7/1/28, Callable 7/1/23 @ 103.56(b) | 150,931 | ||||
500,000 | CommScope, Inc., 4.75%, 9/1/29, Callable 9/1/24 @ 102.38(b) | 415,000 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Communications Equipment, continued |
||||||
$250,000 | Viavi Solutions, Inc., 3.75%, 10/1/29, Callable 10/1/24 @ 101.88(b) | $ | 213,125 | |||
|
|
|||||
779,056 | ||||||
|
|
|||||
Construction & Engineering (0.1%): |
| |||||
300,000 | AECOM, 5.13%, 3/15/27, Callable 12/15/26 @ 100 | 293,250 | ||||
25,000 | Arcosa, Inc., 4.38%, 4/15/29, Callable 4/15/24 @ 102.19(b) | 22,281 | ||||
845,000 | Brand Industrial Services, Inc., 8.50%, 7/15/25, Callable 5/11/23 @ 102.13(b) | 743,600 | ||||
270,000 | Dycom Industries, Inc., 4.50%, 4/15/29, Callable 4/15/24 @ 102.25(b) | 243,675 | ||||
55,000 | Global Infrastructure Solutions, Inc., 5.63%, 6/1/29, Callable 6/1/24 @ 102.81(b) | 45,444 | ||||
25,000 | Great Lakes Dredge & Dock Corp., 5.25%, 6/1/29, Callable 6/1/24 @ 102.63^(b) | 18,875 | ||||
785,000 | Pike Corp., 5.50%, 9/1/28, Callable 9/1/23 @ 102.75(b) | 682,950 | ||||
|
|
|||||
2,050,075 | ||||||
|
|
|||||
Consumer Discretionary Products (0.0%): |
| |||||
275,000 | Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., 4.63%, 1/15/29, Callable 1/15/25 @ 102.31(b) | 240,625 | ||||
|
|
|||||
Consumer Discretionary Services (0.1%): |
| |||||
160,000 | Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., 6.75%, 1/15/30, Callable 1/15/25 @ 103.38(b) | 131,600 | ||||
900,000 | NCL Corp., Ltd., 5.88%, 3/15/26, Callable 12/15/25 @ 100(b) | 765,000 | ||||
|
|
|||||
896,600 | ||||||
|
|
|||||
Consumer Finance (1.4%): |
||||||
2,090,000 | Ally Financial, Inc., 3.05%, 6/5/23, Callable 5/11/23 @ 100 | 2,053,310 | ||||
90,000 | Ally Financial, Inc., 1.45%, 10/2/23, Callable 9/2/23 @ 100 | 86,724 | ||||
100,000 | Ally Financial, Inc., 5.13%, 9/30/24 | 96,039 | ||||
224,000 | Ally Financial, Inc., 5.80%, 5/1/25, Callable 4/1/25 @ 100 | 215,411 | ||||
1,500,000 | Ally Financial, Inc., 5.75%, 11/20/25, Callable 10/21/25 @ 100^ | 1,411,205 | ||||
1,000,000 | Ally Financial, Inc., 7.10%, 11/15/27, Callable 10/15/27 @ 100 | 1,015,465 | ||||
590,000 | Ally Financial, Inc., 4.70% (H15T5Y+387 bps), 12/31/99, Callable 5/15/26 @ 100 | 416,774 | ||||
577,000 | Capital One Financial Corp., 2.64% (SOFR+129 bps), 3/3/26, Callable 3/3/25 @ 100 | 533,570 | ||||
740,000 | Capital One Financial Corp., 4.99% (SOFR+216 bps), 7/24/26, Callable 7/24/25 @ 100 | 713,151 | ||||
2,665,000 | Capital One Financial Corp., 3.65%, 5/11/27, Callable 4/11/27 @ 100 | 2,422,205 | ||||
343,000 | Capital One Financial Corp., 3.80%, 1/31/28, Callable 12/31/27 @ 100 | 314,018 | ||||
738,000 | Capital One Financial Corp., 3.27% (SOFR+179 bps), 3/1/30, Callable 3/1/29 @ 100 | 626,151 | ||||
1,100,000 | Capital One Financial Corp., 5.25% (SOFR+260 bps), 7/26/30, Callable 7/26/29 @ 100 | 1,035,375 | ||||
250,000 | Discover Bank, Series B, 4.68% (USSW5+173 bps), 8/9/28, Callable 8/9/23 @ 100 | 231,029 |
See accompanying notes to the schedules of portfolio investments.
108
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Consumer Finance, continued |
||||||
$2,253,000 | Discover Financial Services, 4.50%, 1/30/26, Callable 11/30/25 @ 100 | $ | 2,174,823 | |||
174,000 | Discover Financial Services, 6.70%, 11/29/32, Callable 8/29/32 @ 100 | 177,815 | ||||
295,000 | Ford Motor Credit Co LLC, 4.13%, 8/17/27, Callable 6/17/27 @ 100 | 270,659 | ||||
550,000 | Ford Motor Credit Co LLC, 4.00%, 11/13/30, Callable 8/13/30 @ 100 | 466,825 | ||||
329,000 | Ford Motor Credit Co. LLC, 5.58%, 3/18/24, Callable 2/18/24 @ 100 | 326,239 | ||||
968,000 | Ford Motor Credit Co. LLC, 4.06%, 11/1/24, Callable 10/1/24 @ 100 | 924,154 | ||||
55,000 | Ford Motor Credit Co. LLC, 5.13%, 6/16/25, Callable 5/16/25 @ 100 | 53,733 | ||||
400,000 | Ford Motor Credit Co. LLC, 2.90%, 2/10/29, Callable 12/10/28 @ 100 | 331,502 | ||||
620,000 | Ford Motor Credit Co. LLC, 5.11%, 5/3/29, Callable 2/3/29 @ 100 | 582,963 | ||||
2,100,000 | General Motors Financial Co., Inc., 4.00%, 1/15/25, Callable 10/15/24 @ 100 | 2,041,943 | ||||
295,000 | OneMain Finance Corp., 3.50%, 1/15/27, Callable 1/15/24 @ 101.75 | 246,694 | ||||
155,000 | OneMain Finance Corp., 3.88%, 9/15/28, Callable 9/15/24 @ 101.94 | 122,450 | ||||
430,000 | OneMain Finance Corp., 4.00%, 9/15/30, Callable 9/15/25 @ 102 | 322,500 | ||||
244,000 | Synchrony Financial, 4.38%, 3/19/24, Callable 2/19/24 @ 100 | 233,956 | ||||
797,000 | Synchrony Financial, 4.25%, 8/15/24, Callable 5/15/24 @ 100 | 735,327 | ||||
3,605,000 | Synchrony Financial, 3.95%, 12/1/27, Callable 9/1/27 @ 100 | 3,051,167 | ||||
|
|
|||||
23,233,177 | ||||||
|
|
|||||
Consumer Staple Products (0.1%): |
||||||
475,000 | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 5.13%, 2/1/28, Callable 1/1/28 @ 100(b) | 458,969 | ||||
975,000 | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 5.75%, 4/1/33, Callable 1/1/33 @ 100(b) | 932,344 | ||||
|
|
|||||
1,391,313 | ||||||
|
|
|||||
Consumer Staples Distribution & Retail (0.1%): |
||||||
25,000 | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 4.63%, 1/15/27, Callable 5/11/23 @ 103.47(b) | 24,000 | ||||
210,000 | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 6.50%, 2/15/28, Callable 2/15/25 @ 103.25(b) | 210,000 | ||||
50,000 | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 3.50%, 3/15/29, Callable 9/15/23 @ 101.75(b) | 43,375 | ||||
605,000 | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 4.88%, 2/15/30, Callable 2/15/25 @ 103.66(b) | 561,894 | ||||
445,000 | Performance Food Group, Inc., 6.88%, 5/1/25, Callable 5/11/23 @ 101.72^(b) | 447,225 | ||||
70,000 | Performance Food Group, Inc., 4.25%, 8/1/29, Callable 8/1/24 @ 102.13(b) | 63,088 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Consumer Staples Distribution & Retail, continued |
| |||||
$93,000 | Sysco Corp., 5.95%, 4/1/30, Callable 1/1/30 @ 100 $ | 99,616 | ||||
140,000 | Sysco Corp., 6.60%, 4/1/50, Callable 10/1/49 @ 100 | 159,028 | ||||
45,000 | United Natural Foods, Inc., 6.75%, 10/15/28, Callable 10/15/23 @ 103.38(b) | 41,850 | ||||
660,000 | US Foods, Inc., 4.63%, 6/1/30, Callable 6/1/25 @ 102.31(b) | 593,175 | ||||
|
|
|||||
2,243,251 | ||||||
|
|
|||||
Containers & Packaging (0.1%): |
||||||
705,000 | Ardagh Packaging Finance plc/Ardagh Holdings USA, Inc., 4.13%, 8/15/26, Callable 4/21/23 @ 102.06(b) | 659,175 | ||||
190,000 | Ball Corp., 3.13%, 9/15/31, Callable 6/15/31 @ 100 | 157,225 | ||||
65,000 | Graphic Packaging International LLC, 3.75%, 2/1/30, Callable 8/1/29 @ 100(b) | 56,469 | ||||
195,000 | Mauser Packaging Solutions Holding Co., 7.88%, 8/15/26, Callable 8/15/24 @ 103.94(b) | 195,000 | ||||
135,000 | Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 2/1/28, Callable 2/1/25 @ 103.06(b) | 136,012 | ||||
|
|
|||||
1,203,881 | ||||||
|
|
|||||
Diversified Consumer Services (0.0%): |
||||||
232,000 | Adtalem Global Education, Inc., 5.50%, 3/1/28, Callable 3/1/24 @ 102.75(b) | 219,240 | ||||
22,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, 4.63%, 6/1/28, Callable 6/1/24 @ 102.31(b) | 18,342 | ||||
350,000 | APX Group, Inc., 6.75%, 2/15/27, Callable 5/11/23 @ 103.38(b) | 346,500 | ||||
|
|
|||||
584,082 | ||||||
|
|
|||||
Diversified REITs (1.3%): |
||||||
371,000 | American Homes 4 Rent LP, 3.63%, 4/15/32, Callable 1/15/32 @ 100 | 320,732 | ||||
536,000 | Boston Properties LP, 6.75%, 12/1/27, Callable 11/1/27 @ 100 | 527,187 | ||||
1,039,000 | Brandywine Operating Partners LP, 4.10%, 10/1/24, Callable 7/1/24 @ 100 | 966,270 | ||||
1,265,000 | Brandywine Operating Partners LP, 3.95%, 11/15/27, Callable 8/15/27 @ 100 | 963,578 | ||||
62,000 | Brandywine Operating Partners LP, 4.55%, 10/1/29, Callable 7/1/29 @ 100 | 45,880 | ||||
719,000 | Brandywine Operating Partnership LP, 7.55%, 3/15/28, Callable 2/15/28 @ 100 | 643,505 | ||||
355,000 | Brixmor Operating Partners LP, 3.85%, 2/1/25, Callable 11/1/24 @ 100 | 338,641 | ||||
68,000 | Corporate Office Properties LP, 2.25%, 3/15/26, Callable 2/15/26 @ 100 | 60,556 | ||||
93,000 | Corporate Office Properties LP, 2.75%, 4/15/31, Callable 1/15/31 @ 100 | 68,856 | ||||
45,000 | CTR Partnership LP/CareTrust Capital Corp., 3.88%, 6/30/28, Callable 3/30/28 @ 100(b) | 38,046 | ||||
430,000 | Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27, Callable 9/15/27 @ 100(b) | 339,894 | ||||
66,000 | Healthcare Trust of America Holdings LP, 3.50%, 8/1/26, Callable 5/1/26 @ 100 | 61,349 | ||||
63,000 | Healthcare Trust of America Holdings LP, 3.10%, 2/15/30, Callable 11/15/29 @ 100 | 54,474 | ||||
400,000 | Hudson Pacific Properties LP, 4.65%, 4/1/29, Callable 1/1/29 @ 100 | 266,972 |
See accompanying notes to the schedules of portfolio investments.
109
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Diversified REITs, continued |
||||||
$735,000 | Lexington Realty Trust, 4.40%, 6/15/24, Callable 3/15/24 @ 100 | $ | 720,357 | |||
535,000 | MPT Operating Partnership LP/MPT Finance Corp., 5.25%, 8/1/26, Callable 5/11/23 @ 101.75^ | 481,500 | ||||
335,000 | MPT Operating Partnership LP/MPT Finance Corp., 5.00%, 10/15/27, Callable 5/11/23 @ 102.5 | 275,538 | ||||
360,000 | MPT Operating Partnership LP/MPT Finance Corp., 3.50%, 3/15/31, Callable 3/15/26 @ 101.75 | 238,950 | ||||
114,000 | Omega Healthcare Investors, Inc., 4.38%, 8/1/23, Callable 6/1/23 @ 100 | 113,540 | ||||
101,000 | Omega Healthcare Investors, Inc., 4.50%, 1/15/25, Callable 10/15/24 @ 100 | 98,635 | ||||
1,278,000 | Omega Healthcare Investors, Inc., 4.50%, 4/1/27, Callable 1/1/27 @ 100 | 1,206,091 | ||||
2,482,000 | Omega Healthcare Investors, Inc., 3.63%, 10/1/29, Callable 7/1/29 @ 100 | 2,082,023 | ||||
133,000 | Omega Healthcare Investors, Inc., 3.38%, 2/1/31, Callable 11/1/30 @ 100 | 104,487 | ||||
189,000 | Piedmont Operating Partnership LP, 2.75%, 4/1/32, Callable 1/1/32 @ 100 | 130,516 | ||||
15,000 | Retail Properties of America, Inc., 4.75%, 9/15/30, Callable 6/15/30 @ 100 | 13,489 | ||||
1,214,000 | Sabra Health Care LP, 3.20%, 12/1/31, Callable 9/1/31 @ 100 | 885,812 | ||||
297,000 | SBA Tower Trust, 2.84%, 1/15/25, Callable 1/15/24 @ 100(b) | 281,113 | ||||
97,000 | SBA Tower Trust, 1.88%, 7/15/50, Callable 1/15/25 @ 100(b) | 87,679 | ||||
74,000 | SBA Tower Trust, 2.33%, 7/15/52, Callable 7/15/26 @ 100(b) | 62,656 | ||||
40,000 | Service Properties Trust, 4.95%, 2/15/27, Callable 8/15/26 @ 100 | 33,850 | ||||
540,000 | Service Properties Trust, 5.50%, 12/15/27, Callable 9/15/27 @ 100 | 481,950 | ||||
45,000 | Service Properties Trust, 4.95%, 10/1/29, Callable 7/1/29 @ 100 | 33,975 | ||||
96,000 | STORE Capital Corp., 4.63%, 3/15/29, Callable 12/15/28 @ 100 | 85,854 | ||||
1,277,000 | STORE Capital Corp., 2.75%, 11/18/30, Callable 8/18/30 @ 100 | 932,887 | ||||
212,000 | Sun Communities Operating LP, 2.30%, 11/1/28, Callable 9/1/28 @ 100 | 180,565 | ||||
272,000 | Sun Communities Operating LP, 2.70%, 7/15/31, Callable 4/15/31 @ 100 | 219,194 | ||||
2,200,000 | Tanger Properties LP, 3.13%, 9/1/26, Callable 6/1/26 @ 100 | 2,019,446 | ||||
581,000 | Tanger Properties LP, 2.75%, 9/1/31, Callable 6/1/31 @ 100 | 415,753 | ||||
355,000 | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 1/15/30, Callable 1/15/25 @ 103(b) | 207,675 | ||||
131,000 | Ventas Realty LP, 4.00%, 3/1/28, Callable 12/1/27 @ 100 | 122,548 | ||||
367,000 | Ventas Realty LP, 3.00%, 1/15/30, Callable 10/15/29 @ 100 | 314,942 | ||||
1,430,000 | Ventas Realty LP, 4.75%, 11/15/30, Callable 8/15/30 @ 100 | 1,370,277 | ||||
60,000 | Vici Properties, 3.50%, 2/15/25, Callable 5/11/23 @ 100.88(b) | 56,700 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Diversified REITs, continued |
||||||
$335,000 | Vici Properties, 4.25%, 12/1/26, Callable 5/11/23 @ 102.13(b) | $ | 313,644 | |||
93,000 | VICI Properties LP, 4.38%, 5/15/25 | 89,978 | ||||
249,000 | VICI Properties LP, 5.13%, 5/15/32, Callable 2/15/32 @ 100 | 232,815 | ||||
72,000 | Vornado Realty LP, 2.15%, 6/1/26, Callable 5/1/26 @ 100 | 57,826 | ||||
400,000 | WP Carey, Inc., 4.60%, 4/1/24, Callable 1/1/24 @ 100 | 391,396 | ||||
3,000,000 | WP Carey, Inc., 4.25%, 10/1/26, Callable 7/1/26 @ 100 | 2,922,735 | ||||
66,000 | WP Carey, Inc., 3.85%, 7/15/29, Callable 4/15/29 @ 100 | 60,679 | ||||
|
|
|||||
22,023,015 | ||||||
|
|
|||||
Diversified Telecommunication Services (0.4%): |
||||||
138,000 | AT&T, Inc., 4.30%, 2/15/30, Callable 11/15/29 @ 100 | 134,198 | ||||
400,000 | AT&T, Inc., 5.15%, 11/15/46, Callable 5/15/46 @ 100 | 382,329 | ||||
1,200,000 | AT&T, Inc., 3.80%, 12/1/57, Callable 6/1/57 @ 100 | 888,812 | ||||
25,000 | Consolidated Communications, Inc., 5.00%, 10/1/28, Callable 10/1/23 @ 103.75(b) | 16,750 | ||||
185,000 | Front Range BidCo, Inc., 6.13%, 3/1/28, Callable 5/11/23 @ 103.06(b) | 112,156 | ||||
640,000 | Frontier Communications Corp., 5.88%, 10/15/27, Callable 10/15/23 @ 102.94(b) | 583,200 | ||||
5,496 | Frontier Communications Holdings LLC, 5.88%, 11/1/29, Callable 11/1/24 @ 102.94 | 4,191 | ||||
155,000 | Frontier Communications Holdings LLC, 6.00%, 1/15/30, Callable 10/15/24 @ 103(b) | 117,606 | ||||
3,725,000 | Verizon Communications, Inc., 2.10%, 3/22/28, Callable 1/22/28 @ 100 | 3,306,347 | ||||
209,000 | Verizon Communications, Inc., 2.55%, 3/21/31, Callable 12/21/30 @ 100 | 176,988 | ||||
1,250,000 | Verizon Communications, Inc., 2.99%, 10/30/56, Callable 4/30/56 @ 100 | 811,754 | ||||
55,000 | Zayo Group Holdings, Inc., 4.00%, 3/1/27, Callable 5/11/23 @ 100(b) | 41,800 | ||||
|
|
|||||
6,576,131 | ||||||
|
|
|||||
Electric Utilities (0.6%): |
||||||
10,000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 4.25%, 10/15/27, Callable 10/15/23 @ 102.13(b) | 8,950 | ||||
941,000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27, Callable 5/11/23 @ 103.38(b) | 872,777 | ||||
155,000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 5.88%, 11/1/29, Callable 11/1/24 @ 102.94(b) | 130,975 | ||||
165,000 | Cleco Corporate Holdings LLC, 3.38%, 9/15/29, Callable 6/15/29 @ 100 | 141,870 | ||||
54,000 | Duquesne Light Holdings, Inc., 2.53%, 10/1/30, Callable 7/1/30 @ 100(b) | 43,513 | ||||
587,000 | Duquesne Light Holdings, Inc., 2.78%, 1/7/32, Callable 10/7/31 @ 100(b) | 471,715 | ||||
1,000,000 | Emera US Finance LP, 3.55%, 6/15/26, Callable 3/15/26 @ 100 | 952,089 |
See accompanying notes to the schedules of portfolio investments.
110
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Electric Utilities, continued |
||||||
$173,000 | Exelon Corp., 2.75%, 3/15/27, Callable 2/15/27 @ 100 | $ | 161,698 | |||
1,075,000 | Exelon Corp., 4.05%, 4/15/30, Callable 1/15/30 @ 100 | 1,019,335 | ||||
210,000 | Exelon Corp., 3.35%, 3/15/32, Callable 12/15/31 @ 100 | 186,375 | ||||
1,278,000 | FirstEnergy Corp., 7.38%, 11/15/31 | 1,440,440 | ||||
255,000 | Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, 1/15/27, Callable 1/15/24 @ 104 | 249,900 | ||||
136,000 | IPALCO Enterprises, Inc., 3.70%, 9/1/24, Callable 7/1/24 @ 100 | 131,580 | ||||
17,000 | NextEra Energy Operating Partners LP, 4.25%, 9/15/24, Callable 7/15/24 @ 100(b) | 16,278 | ||||
430,000 | NRG Energy, Inc., 5.75%, 1/15/28, Callable 4/26/23 @ 102.88 | 418,175 | ||||
20,000 | NRG Energy, Inc., 3.38%, 2/15/29, Callable 2/15/24 @ 101.69(b) | 16,600 | ||||
40,000 | NRG Energy, Inc., 3.63%, 2/15/31, Callable 2/15/26 @ 101.81(b) | 32,100 | ||||
202,282 | NSG Holdings LLC/NSG Holdings, Inc., 7.75%, 12/15/25(b) | 199,754 | ||||
795,000 | Pacific Gas and Electric Co., 4.95%, 7/1/50, Callable 1/1/50 @ 100 | 653,019 | ||||
1,370,000 | PG&E Corp., 5.00%, 7/1/28, Callable 7/1/23 @ 102.5 | 1,286,088 | ||||
311,000 | PG&E Corp., 5.25%, 7/1/30, Callable 7/1/25 @ 102.63 | 286,898 | ||||
49,137 | Topaz Solar Farms LLC, 5.75%, 9/30/39(b) | 46,189 | ||||
605,000 | Vistra Operations Co. LLC, 5.00%, 7/31/27, Callable 4/21/23 @ 102.5(b) | 568,700 | ||||
|
|
|||||
9,335,018 | ||||||
|
|
|||||
Electrical Equipment (0.1%): |
||||||
55,000 | Artera Services LLC, 9.03%, 12/4/25, Callable 5/11/23 @ 104.52(b) | 47,300 | ||||
665,000 | Sensata Technologies BV, 4.00%, 4/15/29, Callable 4/15/24 @ 102(b) | 597,669 | ||||
310,000 | Vertiv Group Corp., 4.13%, 11/15/28, Callable 11/15/24 @ 102.06(b) | 272,025 | ||||
|
|
|||||
916,994 | ||||||
|
|
|||||
Electronic Equipment, Instruments & Components (0.0%): | ||||||
565,000 | II-VI, Inc., 5.00%, 12/15/29, Callable 12/14/24 @ 102.5(b) | 510,619 | ||||
|
|
|||||
Energy Equipment & Services (0.0%): |
||||||
400,000 | Transocean, Inc., 11.50%, 1/30/27, Callable 7/30/23 @ 105.75(b) | 412,000 | ||||
170,000 | Transocean, Inc., 8.75%, 2/15/30, Callable 2/15/26 @ 104.38(b) | 172,975 | ||||
|
|
|||||
584,975 | ||||||
|
|
|||||
Entertainment (0.0%): |
||||||
205,000 | Neptune Bidco US, Inc., 9.29%, 4/15/29, Callable 10/15/25 @ 104.65(b) | 187,575 | ||||
310,000 | ROBLOX Corp., 3.88%, 5/1/30, Callable 11/1/24 @ 101.94(b) | 265,825 | ||||
|
|
|||||
453,400 | ||||||
|
|
|||||
Financial Services (0.3%): |
||||||
585,000 | Acrisure LLC/Acrisure Finance, Inc., 6.00%, 8/1/29, Callable 8/1/24 @ 103(b) | 482,625 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Financial Services, continued |
||||||
$38,000 | AXA Equitable Holdings, Inc., 3.90%, 4/20/23 | $ | 37,956 | |||
570,000 | Clydesdale Acquisition Holdings, Inc., 6.63%, 4/15/29, Callable 4/15/25 @ 103.31(b) | 548,625 | ||||
120,000 | Cobra AcquisitionCo LLC, 6.38%, 11/1/29, Callable 11/1/24 @ 103.25(b) | 68,700 | ||||
640,000 | Hightower Holding LLC, 6.75%, 4/15/29, Callable 4/15/24 @ 103.38(b) | 542,400 | ||||
358,000 | Jackson Financial, Inc., 5.17%, 6/8/27, Callable 5/8/27 @ 100^ | 357,183 | ||||
452,000 | Jackson Financial, Inc., 5.67%, 6/8/32, Callable 3/8/32 @ 100^ | 442,127 | ||||
70,000 | Jane Street Group/JSG Finance, Inc., 4.50%, 11/15/29, Callable 11/15/24 @ 102.25(b) | 62,737 | ||||
825,000 | Level 3 Financing, Inc., 4.25%, 7/1/28, Callable 7/1/23 @ 102.13(b) | 465,094 | ||||
15,000 | Level 3 Financing, Inc., 3.63%, 1/15/29, Callable 1/15/24 @ 101.81(b) | 8,250 | ||||
130,000 | OI European Group BV, 4.75%, 2/15/30, Callable 11/15/24 @ 102.38(b) | 118,950 | ||||
500,000 | Peachtree Funding Trust, 3.98%, 2/15/25(b) | 483,653 | ||||
600,000 | Venture Global Calcasieu Pass LLC, 3.88%, 8/15/29, Callable 2/15/29 @ 100(b) | 537,000 | ||||
|
|
|||||
4,155,300 | ||||||
|
|
|||||
Financials (0.1%): |
||||||
2,052,000 | Blackstone Private Credit Fund, 4.70%, 3/24/25^ | 1,961,517 | ||||
|
|
|||||
Food Products (0.2%): |
||||||
110,000 | C&S Group Enterprises LLC, 5.00%, 12/15/28, Callable 12/15/23 @ 102.5(b) | 84,012 | ||||
154,000 | JBS Finance Luxembourg Sarl, 3.63%, 1/15/32, Callable 1/15/27 @ 101.81(b) | 126,280 | ||||
180,000 | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 5.50%, 1/15/30, Callable 1/15/25 @ 102.75(b) | 171,450 | ||||
1,375,000 | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 3.00%, 5/15/32, Callable 2/15/32 @ 100(b) | 1,072,500 | ||||
650,000 | Pilgrims Pride Corp., 4.25%, 4/15/31, Callable 4/15/26 @ 102.13 | 572,000 | ||||
500,000 | Post Holdings, Inc., 5.75%, 3/1/27, Callable 4/26/23 @ 101.92(b) | 488,750 | ||||
45,000 | Post Holdings, Inc., 5.63%, 1/15/28, Callable 4/26/23 @ 102.81(b) | 44,100 | ||||
69,000 | Post Holdings, Inc., 4.50%, 9/15/31, Callable 9/15/26 @ 102.25(b) | 60,720 | ||||
|
|
|||||
2,619,812 | ||||||
|
|
|||||
Ground Transportation (0.0%): |
||||||
135,000 | Uber Technologies, Inc., 4.50%, 8/15/29, Callable 8/15/24 @ 102.25(b) | 123,019 | ||||
|
|
|||||
Health Care (0.0%): |
||||||
495,000 | 180 Medical, Inc., 3.88%, 10/15/29, Callable 10/7/24 @ 101.94(b) | 436,837 | ||||
35,000 | US Renal Care, Inc., 10.63%, 7/15/27, Callable 5/11/23 @ 105.31(b) | 9,100 | ||||
|
|
|||||
445,937 | ||||||
|
|
|||||
Health Care Equipment & Supplies (0.0%): |
||||||
600,000 | Hologic, Inc., 4.63%, 2/1/28, Callable 5/11/23 @ 102.31(b) | 580,500 | ||||
|
|
See accompanying notes to the schedules of portfolio investments.
111
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Health Care Providers & Services (1.0%): |
||||||
$140,000 | AHP Health Partners, Inc., 5.75%, 7/15/29, Callable 7/15/24 @ 102.88(b) | $ | 117,600 | |||
35,000 | Cano Health LLC, 6.25%, 10/1/28, Callable 10/1/24 @ 103.13(b) | 19,950 | ||||
3,765,000 | Centene Corp., 4.25%, 12/15/27, Callable 4/26/23 @ 102.13 | 3,588,045 | ||||
1,485,000 | Centene Corp., 2.45%, 7/15/28, Callable 5/15/28 @ 100 | 1,286,381 | ||||
410,000 | Centene Corp., 4.63%, 12/15/29, Callable 12/15/24 @ 102.31 | 386,937 | ||||
245,000 | Centene Corp., 3.38%, 2/15/30, Callable 2/15/25 @ 101.69 | 213,150 | ||||
610,000 | Centene Corp., 2.63%, 8/1/31, Callable 5/1/31 @ 100 | 490,288 | ||||
255,000 | CHS/Community Health Systems, Inc., 5.63%, 3/15/27, Callable 12/15/23 @ 102.81(b) | 220,575 | ||||
255,000 | CHS/Community Health Systems, Inc., 6.00%, 1/15/29, Callable 1/15/24 @ 103(b) | 211,012 | ||||
385,000 | CHS/Community Health Systems, Inc., 6.13%, 4/1/30, Callable 4/1/25 @ 103.06(b) | 233,887 | ||||
285,000 | CHS/Community Health Systems, Inc., 5.25%, 5/15/30, Callable 5/15/25 @ 102.63(b) | 217,312 | ||||
45,000 | CHS/Community Health Systems, Inc., 4.75%, 2/15/31, Callable 2/15/26 @ 102.38(b) | 32,963 | ||||
4,341,000 | Cigna Corp., 4.38%, 10/15/28, Callable 7/15/28 @ 100 | 4,271,952 | ||||
605,000 | Community Health Systems, Inc., 8.00%, 3/15/26, Callable 5/11/23 @ 102(b) | 579,288 | ||||
495,000 | DaVita, Inc., 4.63%, 6/1/30, Callable 6/1/25 @ 102.31(b) | 419,512 | ||||
55,000 | Garden Spinco Corp., 8.63%, 7/20/30, Callable 7/20/27 @ 102.16(b) | 58,850 | ||||
534,000 | HCA, Inc., 5.63%, 9/1/28, Callable 3/1/28 @ 100 | 537,364 | ||||
503,000 | HCA, Inc., 5.88%, 2/1/29, Callable 8/1/28 @ 100 | 511,803 | ||||
510,000 | HCA, Inc., 3.50%, 9/1/30, Callable 3/1/30 @ 100 | 452,625 | ||||
99,000 | HCA, Inc., 3.63%, 3/15/32, Callable 12/15/31 @ 100(b) | 86,819 | ||||
50,000 | HealthEquity, Inc., 4.50%, 10/1/29, Callable 10/1/24 @ 102.25(b) | 44,500 | ||||
314,000 | Humana, Inc., 3.70%, 3/23/29, Callable 2/23/29 @ 100 | 294,591 | ||||
40,000 | Molina Healthcare, Inc., 3.88%, 11/15/30, Callable 8/17/30 @ 100(b) | 34,900 | ||||
470,000 | Molina Healthcare, Inc., 3.88%, 5/15/32, Callable 2/15/32 @ 100(b) | 399,500 | ||||
25,000 | Owens & Minor, Inc., 4.50%, 3/31/29, Callable 3/31/24 @ 102.25(b) | 19,875 | ||||
127,000 | Surgery Center Holdings, Inc., 6.75%, 7/1/25, Callable 5/11/23 @ 100(b) | 125,730 | ||||
600,000 | Tenet Healthcare Corp., 4.88%, 1/1/26, Callable 5/11/23 @ 101.22 | 588,000 | ||||
590,000 | Tenet Healthcare Corp., 6.25%, 2/1/27, Callable 5/11/23 @ 101.56 | 581,150 | ||||
510,000 | Tenet Healthcare Corp., 6.13%, 10/1/28, Callable 10/1/23 @ 103.06 | 487,050 | ||||
295,000 | Tenet Healthcare Corp., 4.25%, 6/1/29, Callable 6/1/24 @ 102.13 | 265,869 | ||||
140,000 | Tenet Healthcare Corp., 4.38%, 1/15/30, Callable 12/1/24 @ 102.19 | 126,000 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Health Care Providers & Services, continued |
||||||
$117,000 | Toledo Hospital (The), Series B, 5.33%, 11/15/28 | $ | 96,433 | |||
85,000 | Toledo Hospital (The), 6.02%, 11/15/48 | 57,800 | ||||
|
|
|||||
17,057,711 | ||||||
|
|
|||||
Hotels, Restaurants & Leisure (0.4%): |
||||||
15,000 | Affinity Gaming, 6.88%, 12/15/27, Callable 12/1/23 @ 103.44(b) | 13,350 | ||||
500,000 | Boyd Gaming Corp., 4.75%, 6/15/31, Callable 6/15/26 @ 102.38(b) | 453,125 | ||||
145,000 | Caesars Entertainment, Inc., 4.63%, 10/15/29, Callable 10/15/24 @ 102.31(b) | 127,056 | ||||
350,000 | Carnival Corp., 10.50%, 2/1/26, Callable 8/1/23 @ 105.25(b) | 363,562 | ||||
565,000 | Carnival Corp., 7.63%, 3/1/26, Callable 3/1/24 @ 101.91^(b) | 514,150 | ||||
245,000 | Carnival Corp., 10.50%, 6/1/30, Callable 6/1/25 @ 105.25^(b) | 235,200 | ||||
125,000 | Carrols Restaurant Group, Inc., 5.88%, 7/1/29, Callable 7/1/24 @ 102.94^(b) | 100,625 | ||||
550,000 | Colt Merger Sub, Inc., 8.13%, 7/1/27, Callable 7/1/23 @ 104.06(b) | 561,000 | ||||
530,000 | Golden Entertainment, Inc., 7.63%, 4/15/26, Callable 5/11/23 @ 101.91(b) | 534,638 | ||||
500,000 | Hilton Domestic Operating Co., Inc., 4.00%, 5/1/31, Callable 5/1/26 @ 102(b) | 437,500 | ||||
40,000 | Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc, 5.00%, 6/1/29, Callable 6/1/24 @ 102.5(b) | 35,400 | ||||
75,000 | Jacobs Entertainment, Inc., 6.75%, 2/15/29, Callable 2/15/25 @ 103.38(b) | 64,969 | ||||
45,000 | Life Time, Inc., 5.75%, 1/15/26, Callable 5/11/23 @ 102.88(b) | 43,537 | ||||
40,000 | Marriott Ownership Resorts, Inc., 4.50%, 6/15/29, Callable 6/15/24 @ 102.25(b) | 34,050 | ||||
170,000 | NCL Corp., Ltd., 5.88%, 2/15/27, Callable 2/15/24 @ 102.94(b) | 159,208 | ||||
20,000 | NCL Finance, Ltd., 6.13%, 3/15/28, Callable 12/15/27 @ 100(b) | 16,150 | ||||
280,000 | Royal Caribbean Cruises, Ltd., 11.50%, 6/1/25, Callable 4/21/23 @ 108.63(b) | 297,500 | ||||
310,000 | Royal Caribbean Cruises, Ltd., 5.50%, 8/31/26, Callable 2/28/26 @ 100(b) | 285,200 | ||||
115,000 | Royal Caribbean Cruises, Ltd., 5.38%, 7/15/27, Callable 10/15/26 @ 100(b) | 101,775 | ||||
95,000 | Royal Caribbean Cruises, Ltd., 7.25%, 1/15/30, Callable 12/15/25 @ 103.63(b) | 95,475 | ||||
510,000 | Station Casinos LLC, 4.50%, 2/15/28, Callable 5/11/23 @ 102.25(b) | 460,275 | ||||
255,000 | Viking Cruises, Ltd., 13.00%, 5/15/25, Callable 4/26/23 @ 109.75(b) | 269,344 | ||||
255,000 | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.50%, 3/1/25, Callable 12/1/24 @ 100(b) | 248,944 | ||||
390,000 | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.25%, 5/15/27, Callable 2/15/27 @ 100(b) | 368,550 | ||||
105,000 | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 7.13%, 2/15/31, Callable 11/15/30 @ 100^(b) | 106,444 |
See accompanying notes to the schedules of portfolio investments.
112
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Hotels, Restaurants & Leisure, continued |
||||||
$700,000 | Yum! Brands, Inc., 3.63%, 3/15/31, Callable 12/15/30 @ 100 | $ | 611,625 | |||
|
|
|||||
6,538,652 | ||||||
|
|
|||||
Household Durables (0.1%): |
||||||
65,000 | Ambience Merger Sub, Inc., 4.88%, 7/15/28, Callable 7/15/23 @ 102.44(b) | 44,037 | ||||
70,000 | Ashton Woods USA LLC/Ashton Woods Finance Co., 4.63%, 4/1/30, Callable 4/1/25 @ 102.31(b) | 56,963 | ||||
150,000 | Century Communities, Inc., 3.88%, 8/15/29, Callable 2/15/29 @ 100(b) | 128,625 | ||||
295,000 | LBM Acquisition LLC, 6.25%, 1/15/29, Callable 1/15/24 @ 103.13(b) | 226,412 | ||||
290,000 | Newell Brands, Inc., 5.38%, 4/1/36, Callable 10/1/35 @ 100 | 254,475 | ||||
90,000 | Northwest Fiber LLC / Northwest Fiber Finance Sub, Inc., 4.75%, 4/30/27, Callable 10/15/23 @ 102.38(b) | 76,725 | ||||
15,000 | Northwest Fiber LLC / Northwest Fiber Finance Sub, Inc., 6.00%, 2/15/28, Callable 2/15/24 @ 103(b) | 11,100 | ||||
130,000 | Tempur Sealy International, Inc., 3.88%, 10/15/31, Callable 10/15/26 @ 101.94(b) | 108,225 | ||||
265,000 | TopBuild Corp., 4.13%, 2/15/32, Callable 10/15/26 @ 102.06(b) | 221,938 | ||||
|
|
|||||
1,128,500 | ||||||
|
|
|||||
Household Products (0.0%): |
||||||
55,000 | Central Garden & Pet Co., 4.13%, 4/30/31, Callable 4/30/26 @ 102.06(b) | 46,888 | ||||
|
|
|||||
Independent Power and Renewable Electricity Producers (0.2%): | ||||||
1,457,000 | AES Corp. (The), 3.30%, 7/15/25, Callable 6/15/25 @ 100(b) | 1,381,197 | ||||
1,412,000 | AES Corp. (The), 3.95%, 7/15/30, Callable 4/15/30 @ 100(b) | 1,266,773 | ||||
218,000 | AES Corp. (The), 2.45%, 1/15/31, Callable 10/15/30 @ 100 | 176,479 | ||||
30,000 | Clearway Energy Operating LLC, 4.75%, 3/15/28, Callable 4/21/23 @ 103.56(b) | 28,612 | ||||
35,000 | Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 8/15/28, Callable 8/15/23 @ 103.38(b) | 32,025 | ||||
85,000 | Sunnova Energy Corp., 5.88%, 9/1/26, Callable 9/1/23 @ 102.94^(b) | 72,037 | ||||
15,000 | TerraForm Power Operating LLC, 5.00%, 1/31/28, Callable 7/31/27 @ 100(b) | 14,250 | ||||
|
|
|||||
2,971,373 | ||||||
|
|
|||||
Industrial Conglomerates (0.1%): |
||||||
2,265,000 | Icahn Enterprises LP/Icahn Enterprises Finance Corp., 5.25%, 5/15/27, Callable 11/15/26 @ 100 | 2,123,438 | ||||
|
|
|||||
Industrial Services (0.0%): |
||||||
465,000 | Minerva Merger Sub, Inc., 6.50%, 2/15/30, Callable 2/15/25 @ 103.25(b) | 374,325 | ||||
190,000 | Railworks Holdings LP/Railworks Rally, Inc., 8.25%, 11/15/28, Callable 11/15/24 @ 104.13(b) | 176,937 | ||||
|
|
|||||
551,262 | ||||||
|
|
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Industrials (0.0%): |
||||||
$215,000 | Rand Parent LLC, 8.50%, 2/15/30, Callable 2/15/26 @ 104.25(b) | $ | 199,413 | |||
|
|
|||||
Insurance (0.5%): |
||||||
400,000 | American International Group, Inc., 2.50%, 6/30/25, Callable 5/30/25 @ 100 | 378,000 | ||||
70,000 | AmWINS Group, Inc., 4.88%, 6/30/29, Callable 6/30/24 @ 102.44(b) | 61,950 | ||||
40,000 | AssuredPartners, Inc., 5.63%, 1/15/29, Callable 12/15/23 @ 102.81(b) | 34,550 | ||||
70,000 | BroadStreet Partners, Inc., 5.88%, 4/15/29, Callable 4/15/24 @ 102.94(b) | 59,325 | ||||
242,000 | Corebridge Financial, Inc., 3.50%, 4/4/25, Callable 3/4/25 @ 100(b) | 232,812 | ||||
824,000 | Corebridge Financial, Inc., 3.65%, 4/5/27, Callable 3/5/27 @ 100(b) | 771,314 | ||||
339,000 | Corebridge Financial, Inc., 3.85%, 4/5/29, Callable 2/5/29 @ 100(b) | 308,847 | ||||
404,000 | Corebridge Financial, Inc., 3.90%, 4/5/32, Callable 1/5/32 @ 100(b) | 348,885 | ||||
92,000 | Corebridge Financial, Inc., 4.35%, 4/5/42, Callable 10/5/41 @ 100(b) | 75,344 | ||||
271,000 | Corebridge Financial, Inc., 4.40%, 4/5/52, Callable 10/5/51 @ 100(b) | 211,131 | ||||
2,771,000 | Five Corners Funding Trust II, 2.85%, 5/15/30, Callable 2/15/30 @ 100(b) | 2,392,523 | ||||
115,000 | HUB International, Ltd., 7.00%, 5/1/26, Callable 4/21/23 @ 101.75(b) | 112,987 | ||||
505,000 | HUB International, Ltd., 5.63%, 12/1/29, Callable 12/1/24 @ 102.81(b) | 438,719 | ||||
436,000 | Pacific Lifecorp, 5.13%, 1/30/43(b) | 407,841 | ||||
185,000 | Ryan Specialty Group LLC, 4.38%, 2/1/30, Callable 2/1/25 @ 102.19(b) | 161,644 | ||||
227,000 | Unum Group, 4.00%, 6/15/29, Callable 3/15/29 @ 100 | 211,784 | ||||
1,000,000 | Unum Group, 5.75%, 8/15/42 | 914,289 | ||||
685,000 | USI, Inc., 6.88%, 5/1/25, Callable 5/11/23 @ 100(b) | 669,588 | ||||
|
|
|||||
7,791,533 | ||||||
|
|
|||||
Interactive Media & Services (0.0%): |
||||||
190,000 | Match Group Holdings II LLC, 3.63%, 10/1/31, Callable 10/1/26 @ 101.81(b) | 153,188 | ||||
25,000 | Match Group, Inc., 4.13%, 8/1/30, Callable 5/1/25 @ 102.06(b) | 21,437 | ||||
|
|
|||||
174,625 | ||||||
|
|
|||||
IT Services (0.1%): |
||||||
25,000 | Arches Buyer, Inc., 4.25%, 6/1/28, Callable 12/1/23 @ 102.13(b) | 20,813 | ||||
10,000 | Arches Buyer, Inc., 6.13%, 12/1/28, Callable 12/1/23 @ 103.06(b) | 8,250 | ||||
600,000 | Black Knight InfoServ LLC, 3.63%, 9/1/28, Callable 9/1/23 @ 101.81(b) | 545,250 | ||||
40,000 | Block, Inc., 2.75%, 6/1/26, Callable 5/1/26 @ 100 | 36,370 | ||||
40,000 | Block, Inc., 3.50%, 6/1/31, Callable 3/1/31 @ 100 | 32,700 | ||||
15,000 | Booz Allen Hamilton, Inc., 4.00%, 7/1/29, Callable 7/1/24 @ 102(b) | 13,537 | ||||
500,000 | Gartner, Inc., 4.50%, 7/1/28, Callable 7/1/23 @ 102.25(b) | 474,375 | ||||
45,000 | Gartner, Inc., 3.75%, 10/1/30, Callable 10/1/25 @ 101.88(b) | 40,275 |
See accompanying notes to the schedules of portfolio investments.
113
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
IT Services, continued |
| |||||
$35,000 | Twilio, Inc., 3.63%, 3/15/29, Callable 3/15/24 @ 101.81 | $ | 30,231 | |||
35,000 | Twilio, Inc., 3.88%, 3/15/31, Callable 3/15/26 @ 101.94 | 29,619 | ||||
|
|
|||||
1,231,420 | ||||||
|
|
|||||
Leisure Products (0.0%): |
| |||||
202,000 | Hasbro, Inc., 3.00%, 11/19/24, Callable 10/19/24 @ 100 | 194,932 | ||||
5,000 | Mattel, Inc., 5.88%, 12/15/27, Callable 5/11/23 @ 104.41(b) | 4,975 | ||||
170,000 | Mattel, Inc., 6.20%, 10/1/40 | 153,425 | ||||
|
|
|||||
353,332 | ||||||
|
|
|||||
Life Sciences Tools & Services (0.0%): |
| |||||
15,000 | Charles River Laboratories International, Inc., 4.25%, 5/1/28, Callable 5/1/23 @ 102.13(b) | 13,762 | ||||
30,000 | Charles River Laboratories International, Inc., 3.75%, 3/15/29, Callable 3/15/24 @ 101.88(b) | 26,550 | ||||
400,000 | IQVIA, Inc., 5.00%, 10/15/26, Callable 5/11/23 @ 101.67(b) | 391,000 | ||||
|
|
|||||
431,312 | ||||||
|
|
|||||
Machinery (0.1%): |
| |||||
55,000 | GrafTech Finance, Inc., 4.63%, 12/15/28, Callable 12/15/23 @ 102.31(b) | 46,200 | ||||
170,000 | ITT Holdings LLC, 6.50%, 8/1/29, Callable 8/1/24 @ 103.25(b) | 142,375 | ||||
230,000 | Madison IAQ LLC, 4.13%, 6/30/28, Callable 6/30/24 @ 102.06(b) | 198,950 | ||||
650,000 | Madison IAQ LLC, 5.88%, 6/30/29, Callable 6/30/24 @ 102.94(b) | 498,875 | ||||
45,000 | Mueller Water Products, Inc., 4.00%, 6/15/29, Callable 6/15/24 @ 102(b) | 40,162 | ||||
|
|
|||||
926,562 | ||||||
|
|
|||||
Materials (0.0%): |
| |||||
200,000 | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance plc, 6.00%, 6/15/27, Callable 6/15/24 @ 103(b) | 195,000 | ||||
|
|
|||||
Media (1.1%): |
| |||||
300,000 | Advantage Sales & Marketing, Inc., 6.50%, 11/15/28, Callable 11/15/23 @ 103.25(b) | 226,125 | ||||
255,000 | Allen Media LLC/Allen Media Co-Issuer, Inc., 10.50%, 2/15/28, Callable 5/11/23 @ 113(b) | 112,200 | ||||
25,000 | Austin BidCo, Inc., 7.13%, 12/15/28, Callable 12/15/23 @ 103.56(b) | 19,625 | ||||
20,000 | Cablevision Lightpath LLC, 3.88%, 9/15/27, Callable 9/15/23 @ 101.94(b) | 15,950 | ||||
15,000 | Cablevision Lightpath LLC, 5.63%, 9/15/28, Callable 9/15/23 @ 102.81(b) | 10,313 | ||||
1,250,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 4.75%, 3/1/30, Callable 9/1/24 @ 102.38(b) | 1,078,125 | ||||
1,460,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 4.50%, 8/15/30, Callable 2/15/25 @ 102.25(b) | 1,230,050 | ||||
390,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 4.50%, 5/1/32, Callable 5/1/26 @ 102.25 | 316,875 | ||||
270,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 4.50%, 6/1/33, Callable 6/1/27 @ 102.25(b) | 214,650 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Media, continued |
| |||||
$1,500,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 4.91%, 7/23/25, Callable 4/23/25 @ 100 | $ | 1,483,168 | |||
813,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 4.40%, 4/1/33, Callable 1/1/33 @ 100 | 718,970 | ||||
1,000,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 5.38%, 5/1/47, Callable 11/1/46 @ 100 | 824,494 | ||||
1,064,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 5.25%, 4/1/53, Callable 10/1/52 @ 100 | 860,049 | ||||
1,064,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 5.50%, 4/1/63, Callable 10/1/62 @ 100 | 853,708 | ||||
345,000 | Clear Channel Outdoor Holdings, Inc., 5.13%, 8/15/27, Callable 5/11/23 @ 102.56(b) | 308,775 | ||||
845,000 | CSC Holdings LLC, 4.63%, 12/1/30, Callable 12/1/25 @ 102.31(b) | 414,050 | ||||
635,000 | CSC Holdings LLC, 4.13%, 12/1/30, Callable 12/1/25 @ 102.06(b) | 457,200 | ||||
680,000 | Diamond Sports Group LLC/Diamond Sports Finance Co., 5.38%, 8/15/26, Callable 4/26/23 @ 102.69(b) (e) | 37,400 | ||||
2,346,000 | Discovery Communications LLC, 3.63%, 5/15/30, Callable 2/15/30 @ 100 | 2,086,049 | ||||
392,000 | Discovery Communications LLC, 4.65%, 5/15/50, Callable 11/15/49 @ 100 | 297,859 | ||||
605,000 | DISH DBS Corp., 7.75%, 7/1/26 | 397,787 | ||||
790,000 | DISH Network Corp., 11.75%, 11/15/27, Callable 5/15/25 @ 105.88(b) | 759,388 | ||||
1,094,000 | Fox Corp., 4.71%, 1/25/29, Callable 10/25/28 @ 100 | 1,081,580 | ||||
93,000 | Fox Corp., 5.48%, 1/25/39, Callable 7/25/38 @ 100 | 89,125 | ||||
140,000 | Gray Television, Inc., 4.75%, 10/15/30, Callable 10/15/25 @ 102.38(b) | 92,050 | ||||
525,000 | Radiate Holdco LLC/Radiate Finance, Inc., 6.50%, 9/15/28, Callable 9/15/23 @ 103.25(b) | 215,250 | ||||
1,400,000 | Sirius XM Radio, Inc., 3.88%, 9/1/31, Callable 9/1/26 @ 101.94(b) | 1,067,500 | ||||
350,000 | TEGNA, Inc., 4.75%, 3/15/26, Callable 5/11/23 @ 102.38(b) | 329,875 | ||||
230,000 | Terrier Media Buyer, Inc., 8.88%, 12/15/27, Callable 4/21/23 @ 104.44(b) | 173,650 | ||||
69,000 | Time Warner Cable LLC, 5.50%, 9/1/41, Callable 3/1/41 @ 100 | 59,331 | ||||
1,620,000 | Time Warner Cable, Inc., 6.55%, 5/1/37 | 1,592,186 | ||||
280,000 | Time Warner Cable, Inc., 7.30%, 7/1/38 | 289,914 | ||||
435,000 | Univision Communications, Inc., 6.63%, 6/1/27, Callable 6/1/23 @ 103.31(b) | 408,900 | ||||
245,000 | Univision Communications, Inc., 4.50%, 5/1/29, Callable 5/1/24 @ 102.25(b) | 203,044 | ||||
|
|
|||||
18,325,215 | ||||||
|
|
|||||
Metals & Mining (0.1%): |
| |||||
45,000 | Alcoa Nederland Holding BV, 4.13%, 3/31/29, Callable 3/31/24 @ 102.06(b) | 40,050 | ||||
400,000 | Allegheny Technologies, Inc., 5.88%, 12/1/27, Callable 5/11/23 @ 102.94 | 390,000 |
See accompanying notes to the schedules of portfolio investments.
114
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Metals & Mining, continued |
| |||||
$60,000 | Allegheny Technologies, Inc., 4.88%, 10/1/29, Callable 10/1/24 @ 102.44 | $ | 54,614 | |||
45,000 | Allegheny Technologies, Inc., 5.13%, 10/1/31, Callable 10/1/26 @ 102.56 | 40,950 | ||||
45,000 | Cleveland-Cliffs, Inc., 4.63%, 3/1/29, Callable 3/1/24 @ 102.31(b) | 41,400 | ||||
45,000 | Cleveland-Cliffs, Inc., 4.88%, 3/1/31, Callable 3/1/26 @ 102.44(b) | 40,950 | ||||
60,000 | Commercial Metals Co., 4.13%, 1/15/30, Callable 1/15/25 @ 102.06 | 52,800 | ||||
60,000 | Commercial Metals Co., 4.38%, 3/15/32, Callable 3/15/27 @ 102.19 | 51,600 | ||||
200,000 | Kaiser Aluminun Corp., 4.63%, 3/1/28, Callable 5/11/23 @ 102.31(b) | 177,250 | ||||
125,000 | Novelis Corp., 3.88%, 8/15/31, Callable 8/15/26 @ 101.94(b) | 103,594 | ||||
|
|
|||||
993,208 | ||||||
|
|
|||||
Mortgage Real Estate Investment Trusts (REITs) (0.0%): |
| |||||
40,000 | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp, 4.75%, 6/15/29, Callable 6/15/24 @ 102.38(b) | 29,100 | ||||
45,000 | Starwood Property Trust, Inc., 4.75%, 3/15/25, Callable 9/15/24 @ 100 | 42,412 | ||||
|
|
|||||
71,512 | ||||||
|
|
|||||
Multi-Utilities (0.2%): |
| |||||
1,100,000 | NiSource, Inc., 2.95%, 9/1/29, Callable 6/1/29 @ 100 | 971,190 | ||||
1,000,000 | NiSource, Inc., 5.25%, 2/15/43, Callable 8/15/42 @ 100 | 976,296 | ||||
140,000 | Puget Energy, Inc., 4.10%, 6/15/30, Callable 3/15/30 @ 100 | 129,267 | ||||
714,000 | Puget Energy, Inc., 4.22%, 3/15/32, Callable 12/15/31 @ 100 | 653,731 | ||||
|
|
|||||
2,730,484 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (2.0%): |
| |||||
45,000 | Apache Corp., 5.10%, 9/1/40, Callable 3/1/40 @ 100 | 38,137 | ||||
10,000 | Apache Corp., 7.38%, 8/15/47 | 9,750 | ||||
145,000 | Cheniere Energy Partners LP, 4.00%, 3/1/31, Callable 3/1/26 @ 102 | 128,687 | ||||
440,000 | Cheniere Energy Partners, LP, 3.25%, 1/31/32, Callable 1/31/27 @ 101.63 | 363,000 | ||||
247,000 | Chevron Phillips Chemical Co. LLC/Chevron Phillips Chemical Co. LP, 5.13%, 4/1/25, Callable 3/1/25 @ 100(b) | 248,485 | ||||
300,000 | CITGO Petroleum Corp., 6.38%, 6/15/26, Callable 6/15/23 @ 103.19(b) | 292,500 | ||||
50,000 | Cnx Midstream Partners LP, 4.75%, 4/15/30, Callable 4/15/25 @ 102.38(b) | 42,000 | ||||
20,000 | CNX Resources Corp., 6.00%, 1/15/29, Callable 1/15/24 @ 104.5(b) | 18,725 | ||||
65,000 | Colgate Energy Partners III LLC, 5.88%, 7/1/29, Callable 7/1/24 @ 102.94(b) | 60,613 | ||||
305,000 | Comstock Resources, Inc., 6.75%, 3/1/29, Callable 3/1/24 @ 103.38(b) | 277,550 | ||||
25,000 | Comstock Resources, Inc., 5.88%, 1/15/30, Callable 1/15/25 @ 102.94(b) | 21,375 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Oil, Gas & Consumable Fuels, continued |
| |||||
$485,000 | Continental Resources, Inc., 5.75%, 1/15/31, Callable 7/15/30 @ 100(b) | $ | 464,388 | |||
42,000 | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp., 5.75%, 4/1/25, Callable 5/11/23 @ 100 | 40,950 | ||||
795,000 | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp., 6.00%, 2/1/29, Callable 2/1/24 @ 103(b) | 751,275 | ||||
140,000 | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp., 7.38%, 2/1/31, Callable 2/1/26 @ 103.69(b) | 140,000 | ||||
605,000 | CVR Energy, Inc., 5.25%, 2/15/25, Callable 4/26/23 @ 101.31(b) | 582,312 | ||||
20,000 | CVR Energy, Inc., 5.75%, 2/15/28, Callable 4/26/23 @ 102.88(b) | 18,300 | ||||
230,000 | DCP Midstream Operating LP, 5.38%, 7/15/25, Callable 4/15/25 @ 100 | 228,620 | ||||
2,905,000 | DCP Midstream Operating LP, 5.63%, 7/15/27, Callable 4/15/27 @ 100 | 2,926,787 | ||||
321,000 | DCP Midstream Operating LP, 5.13%, 5/15/29, Callable 2/15/29 @ 100 | 314,580 | ||||
700,000 | DCP Midstream Operating LP, 5.85% (US0003M+385 bps), 5/21/43, Callable 5/21/23 @ 100(b) | 686,000 | ||||
25,000 | Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.13%, 6/1/28, Callable 6/1/24 @ 103.56(b) | 22,938 | ||||
26,000 | Devon Energy Corp., 5.25%, 10/15/27, Callable 4/21/23 @ 102.63 | 25,926 | ||||
40,000 | DT Midstream, Inc., 4.13%, 6/15/29, Callable 6/15/24 @ 102.06(b) | 34,800 | ||||
124,000 | Enable Midstream Partners LP, 3.90%, 5/15/24, Callable 2/15/24 @ 100 | 120,770 | ||||
300,000 | Endeavor Energy Resources LP/EER Finance, Inc., 5.75%, 1/30/28, Callable 5/11/23 @ 102.88(b) | 297,750 | ||||
2,229,000 | Energy Transfer LP, 4.95%, 6/15/28, Callable 3/15/28 @ 100 | 2,201,140 | ||||
106,000 | Energy Transfer LP, 5.25%, 4/15/29, Callable 1/15/29 @ 100 | 105,214 | ||||
109,000 | Energy Transfer LP, 3.75%, 5/15/30, Callable 2/15/30 @ 100 | 100,379 | ||||
1,908,000 | Energy Transfer LP, 5.00%, 5/15/50, Callable 11/15/49 @ 100 | 1,603,573 | ||||
65,000 | Energy Transfer Operating LP, 4.50%, 4/15/24, Callable 3/15/24 @ 100 | 64,033 | ||||
67,000 | Energy Transfer Partners LP, 4.20%, 9/15/23, Callable 8/15/23 @ 100 | 66,420 | ||||
128,000 | Energy Transfer Partners LP, 5.80%, 6/15/38, Callable 12/15/37 @ 100 | 125,617 | ||||
83,000 | Energy Transfer Partners LP, 6.00%, 6/15/48, Callable 12/15/47 @ 100 | 78,654 | ||||
73,000 | Energy Transfer, LP, 6.25%, 4/15/49, Callable 10/15/48 @ 100 | 71,710 | ||||
350,000 | EnLink Midstream LLC, 5.63%, 1/15/28, Callable 7/15/27 @ 100(b) | 341,688 | ||||
400,000 | EQM Midstream Partners LP, 7.50%, 6/1/27, Callable 6/1/24 @ 103.75(b) | 397,000 | ||||
50,000 | EQM Midstream Partners LP, 6.50%, 7/1/27, Callable 1/1/27 @ 100(b) | 47,875 |
See accompanying notes to the schedules of portfolio investments.
115
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Oil, Gas & Consumable Fuels, continued |
| |||||
$45,000 | EQM Midstream Partners LP, 4.50%, 1/15/29, Callable 7/15/28 @ 100(b) | $ | 38,250 | |||
30,000 | EQT Corp., 5.00%, 1/15/29, Callable 7/15/28 @ 100 | 28,425 | ||||
650,000 | Hess Corp., 4.30%, 4/1/27, Callable 1/1/27 @ 100 | 632,579 | ||||
71,000 | Hess Corp., 7.30%, 8/15/31 | 77,886 | ||||
50,000 | Hess Corp., 7.13%, 3/15/33 | 54,428 | ||||
2,002,000 | Hess Corp., 5.60%, 2/15/41 | 1,917,770 | ||||
1,166,000 | Hess Corp., 5.80%, 4/1/47, Callable 10/1/46 @ 100 | 1,135,613 | ||||
405,000 | Hess Midstream Operations LP, 5.63%, 2/15/26, Callable 5/11/23 @ 101.41(b) | 397,912 | ||||
80,000 | Hess Midstream Operations LP, 4.25%, 2/15/30, Callable 2/15/25 @ 102.13(b) | 70,600 | ||||
110,000 | Holly Energy Partners LP/Holly Energy Finance Corp., 6.38%, 4/15/27, Callable 4/15/24 @ 103.19(b) | 108,625 | ||||
125,000 | Kinetik Holdings LP, 5.88%, 6/15/30, Callable 6/15/25 @ 102.94(b) | 119,130 | ||||
125,000 | Leeward Renewable Energy Operations LLC, 4.25%, 7/1/29, Callable 7/1/24 @ 102.13(b) | 108,750 | ||||
159,000 | MPLX LP, 4.88%, 12/1/24, Callable 9/1/24 @ 100 | 157,888 | ||||
722,000 | MPLX, LP, 4.95%, 9/1/32, Callable 6/1/32 @ 100 | 703,555 | ||||
390,000 | Murphy Oil Corp., 5.88%, 12/1/27, Callable 5/11/23 @ 102.94 | 378,300 | ||||
400,000 | New Fortress Energy, Inc., 6.75%, 9/15/25, Callable 5/1/23 @ 103.38(b) | 385,000 | ||||
250,000 | New Fortress Energy, Inc., 6.50%, 9/30/26, Callable 5/11/23 @ 103.25(b) | 230,000 | ||||
375,000 | NGL Energy Operating LLC / NGL Energy Finance Corp., 7.50%, 2/1/26, Callable 5/11/23 @ 103.75(b) | 360,000 | ||||
1,506,000 | Occidental Petroleum Corp., 5.55%, 3/15/26, Callable 12/15/25 @ 100 | 1,517,295 | ||||
310,000 | Occidental Petroleum Corp., 3.50%, 8/15/29, Callable 5/15/29 @ 100 | 276,675 | ||||
255,000 | Occidental Petroleum Corp., 8.88%, 7/15/30, Callable 1/15/30 @ 100 | 295,800 | ||||
1,464,000 | Occidental Petroleum Corp., 7.50%, 5/1/31 | 1,614,060 | ||||
16,000 | Occidental Petroleum Corp., 7.88%, 9/15/31 | 17,960 | ||||
78,000 | Occidental Petroleum Corp., 6.45%, 9/15/36 | 81,607 | ||||
30,000 | Occidental Petroleum Corp., 4.30%, 8/15/39, Callable 2/15/39 @ 100 | 24,225 | ||||
25,000 | Occidental Petroleum Corp., 6.20%, 3/15/40 | 25,125 | ||||
410,000 | Occidental Petroleum Corp., 6.60%, 3/15/46, Callable 9/15/45 @ 100 | 430,500 | ||||
295,000 | Occidental Petroleum Corp., 4.40%, 4/15/46, Callable 10/15/45 @ 100 | 230,837 | ||||
430,000 | Occidental Petroleum Corp., 4.10%, 2/15/47, Callable 8/15/46 @ 100 | 326,800 | ||||
55,000 | Occidental Petroleum Corp., 4.20%, 3/15/48, Callable 9/15/47 @ 100 | 42,625 | ||||
65,000 | Occidental Petroleum Corp., 4.40%, 8/15/49, Callable 2/15/49 @ 100 | 50,781 | ||||
280,000 | PBF Holding Co. LLC / PBF Finance Corp., 6.00%, 2/15/28, Callable 5/11/23 @ 103 | 266,700 | ||||
20,000 | PDC Energy, Inc., 5.75%, 5/15/26, Callable 5/11/23 @ 102.88 | 19,400 | ||||
26,000 | Phillips 66, 3.85%, 4/9/25, Callable 3/9/25 @ 100 | 25,417 | ||||
1,172,000 | Plains All Amer Pipeline, 3.60%, 11/1/24, Callable 8/1/24 @ 100 | 1,142,959 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Oil, Gas & Consumable Fuels, continued |
| |||||
$270,000 | Range Resources Corp., 4.88%, 5/15/25, Callable 2/15/25 @ 100 | $ | 265,275 | |||
335,000 | Sabine Pass Liquefaction LLC, 4.50%, 5/15/30, Callable 11/15/29 @ 100 | 321,181 | ||||
278,000 | Sanchez Energy Corp., 7.25%, 2/15/23(a)(d)(e) | | ||||
10,000 | SM Energy Co., 5.63%, 6/1/25, Callable 5/11/23 @ 100.94 | 9,700 | ||||
50,000 | SM Energy Co., 6.75%, 9/15/26, Callable 5/11/23 @ 102.25 | 48,750 | ||||
300,000 | SM Energy Co., 6.50%, 7/15/28, Callable 7/15/24 @ 103.25 | 286,500 | ||||
130,000 | Southwestern Energy Co., 4.75%, 2/1/32, Callable 2/1/27 @ 102.38 | 114,075 | ||||
5,000 | Sunoco LP/Sunoco Finance Corp., 6.00%, 4/15/27, Callable 5/11/23 @ 102 | 4,925 | ||||
242,000 | Sunoco LP/Sunoco Finance Corp., 5.88%, 3/15/28, Callable 5/11/23 @ 102.94 | 232,320 | ||||
430,000 | Sunoco LP/Sunoco Finance Corp., 4.50%, 5/15/29, Callable 5/15/24 @ 102.25 | 391,300 | ||||
350,000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 6.00%, 12/31/30, Callable 12/31/25 @ 103(b) | 310,625 | ||||
25,000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.50%, 3/1/30, Callable 3/1/25 @ 102.75 | 24,250 | ||||
445,000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.88%, 2/1/31, Callable 2/1/26 @ 102.44 | 413,850 | ||||
45,000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.00%, 1/15/32, Callable 7/15/26 @ 102 | 39,217 | ||||
43,000 | Transcontinental Gas Pipe Line Co. LLC, 3.25%, 5/15/30, Callable 2/15/30 @ 100 | 38,843 | ||||
40,000 | Western Gas Partners LP, 3.95%, 6/1/25, Callable 3/1/25 @ 100 | 38,300 | ||||
137,000 | Western Gas Partners LP, 4.65%, 7/1/26, Callable 4/1/26 @ 100 | 131,862 | ||||
1,000,000 | Western Gas Partners LP, 4.50%, 3/1/28, Callable 12/1/27 @ 100 | 943,750 | ||||
66,000 | Western Gas Partners LP, 4.75%, 8/15/28, Callable 5/15/28 @ 100 | 62,535 | ||||
1,000,000 | Western Midstream Operating LP, 3.35%, 2/1/25, Callable 1/1/25 @ 100 | 953,750 | ||||
525,000 | Western Midstream Operating LP, 4.30%, 2/1/30, Callable 11/1/29 @ 100 | 477,750 | ||||
755,000 | Williams Cos., Inc. (The), 4.65%, 8/15/32, Callable 5/15/32 @ 100 | 722,176 | ||||
171,000 | Williams Cos., Inc. (The), 5.30%, 8/15/52, Callable 2/15/52 @ 100 | 160,481 | ||||
162,000 | Williams Partners LP, 4.50%, 11/15/23, Callable 8/15/23 @ 100 | 161,212 | ||||
|
|
|||||
32,805,625 | ||||||
|
|
|||||
Paper & Forest Products (0.0%): |
||||||
100,000 | Glatfelter Corp., 4.75%, 11/15/29, Callable 11/1/24 @ 102.38(b) | 65,875 | ||||
45,000 | Mercer International, Inc., 5.13%, 2/1/29, Callable 2/1/24 @ 102.56 | 37,912 | ||||
|
|
|||||
103,787 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
116
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Passenger Airlines (0.0%): |
| |||||
$80,000 | American Airlines, Inc., 7.25%, 2/15/28, Callable 2/15/25 @ 103.63(b) | $ | 77,800 | |||
|
|
|||||
Personal Care Products (0.0%): |
| |||||
125,000 | BellRing Brands, Inc., 7.00%, 3/15/30, Callable 3/15/27 @ 101.75(b) | 126,250 | ||||
|
|
|||||
Pharmaceuticals (0.2%): |
| |||||
97,000 | Bausch Health Cos., Inc., 11.00%, 9/30/28(b) | 69,840 | ||||
19,000 | Bausch Health Cos., Inc., 14.00%, 10/15/30, Callable 10/15/25 @ 106(b) | 10,735 | ||||
1,000,000 | Bayer US Finance II LLC, 4.25%, 12/15/25, Callable 10/15/25 @ 100(b) | 979,163 | ||||
445,000 | Catalent Pharma Solutions, Inc., 3.13%, 2/15/29, Callable 2/15/24 @ 101.56(b) | 392,713 | ||||
115,000 | Catalent Pharma Solutions, Inc., 3.50%, 4/1/30, Callable 4/1/25 @ 101.75^(b) | 100,913 | ||||
180,000 | Elanco Animal Health, Inc., 5.27%, 8/28/23, Callable 7/28/23 @ 100 | 179,757 | ||||
76,000 | Elanco Animal Health, Inc., 5.90%, 8/28/28, Callable 5/28/28 @ 100 | 71,060 | ||||
30,000 | Jazz Securities DAC, 4.38%, 1/15/29, Callable 7/15/24 @ 102.19(b) | 27,412 | ||||
315,000 | Organon & Co. / Organon Foreign Debt Co-Issuer BV, 4.13%, 4/30/28, Callable 4/30/24 @ 102.06(b) | 286,650 | ||||
40,000 | Viatris, Inc., 1.65%, 6/22/25, Callable 5/22/25 @ 100 | 36,727 | ||||
1,406,000 | Viatris, Inc., 2.70%, 6/22/30, Callable 3/22/30 @ 100 | 1,144,395 | ||||
90,000 | Viatris, Inc., 3.85%, 6/22/40, Callable 12/22/39 @ 100 | 63,336 | ||||
|
|
|||||
3,362,701 | ||||||
|
|
|||||
Professional Services (0.0%): |
| |||||
140,000 | Asgn, Inc., 4.63%, 5/15/28, Callable 5/15/23 @ 102.31(b) | 130,550 | ||||
335,000 | CoreLogic, Inc., 4.50%, 5/1/28, Callable 5/1/24 @ 102.25^(b) | 256,275 | ||||
|
|
|||||
386,825 | ||||||
|
|
|||||
Real Estate (0.2%): |
| |||||
68,000 | Corporate Office Properties, LP, 2.00%, 1/15/29, Callable 11/15/28 @ 100 | 52,139 | ||||
550,000 | Invitation Homes Operating Partnership LP, 4.15%, 4/15/32, Callable 1/15/32 @ 100^ | 492,691 | ||||
250,000 | Realogy Group LLC / Realogy Co-Issuer Corp., 5.25%, 4/15/30, Callable 4/15/25 @ 102.63(b) | 178,750 | ||||
731,000 | VICI Properties LP, 4.75%, 2/15/28, Callable 1/15/28 @ 100 | 691,709 | ||||
1,082,000 | VICI Properties LP, 4.95%, 2/15/30, Callable 12/15/29 @ 100 | 1,017,080 | ||||
25,000 | VICI Properties LP / VICI Note Co., Inc., 4.63%, 6/15/25, Callable 3/15/25 @ 100(b) | 24,094 | ||||
|
|
|||||
2,456,463 | ||||||
|
|
|||||
Real Estate Management & Development (0.1%): |
| |||||
210,000 | CBRE Services, Inc., 2.50%, 4/1/31, Callable 1/1/31 @ 100 | 168,378 | ||||
175,000 | Kennedy-Wilson, Inc., 4.75%, 2/1/30, Callable 9/1/24 @ 102.38 | 129,062 | ||||
145,000 | Realogy Group LLC / Realogy Co-Issuer Corp., 5.75%, 1/15/29, Callable 1/15/24 @ 102.88(b) | 108,206 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Real Estate Management & Development, continued |
| |||||
$725,000 | TK Elevator US Newco, Inc., 5.25%, 7/15/27, Callable 7/15/23 @ 102.63(b) | $ | 684,219 | |||
|
|
|||||
1,089,865 | ||||||
|
|
|||||
Retail & Wholesale - Discretionary (0.0%): |
| |||||
35,000 | MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, 2/1/30, Callable 2/1/25 @ 102.75(b) | 29,488 | ||||
|
|
|||||
Semiconductors & Semiconductor Equipment (0.4%): | ||||||
65,000 | Broadcom, Inc., 1.95%, 2/15/28, Callable 12/15/27 @ 100(b) | 56,365 | ||||
4,456,000 | Broadcom, Inc., 2.45%, 2/15/31, Callable 11/15/30 @ 100(b) | 3,637,602 | ||||
564,000 | Broadcom, Inc., 2.60%, 2/15/33, Callable 11/15/32 @ 100(b) | 442,195 | ||||
1,648,000 | Broadcom, Inc., 3.50%, 2/15/41, Callable 8/15/40 @ 100(b) | 1,240,956 | ||||
210,000 | Broadcom, Inc., 3.75%, 2/15/51, Callable 8/15/50 @ 100(b) | 153,776 | ||||
310,000 | Entegris, Inc., 4.38%, 4/15/28, Callable 4/21/23 @ 102.19(b) | 280,550 | ||||
50,000 | ON Semiconductor Corp., 3.88%, 9/1/28, Callable 9/1/23 @ 101.94(b) | 45,000 | ||||
285,000 | Qorvo, Inc., 4.38%, 10/15/29, Callable 10/15/24 @ 102.19 | 262,556 | ||||
|
|
|||||
6,119,000 | ||||||
|
|
|||||
Software (0.4%): |
||||||
40,000 | Acuris Finance US, Inc./Acuris Finance SARL, 5.00%, 5/1/28, Callable 5/1/24 @ 102.5(b) | 31,400 | ||||
35,000 | Boxer Parent Co., Inc., 7.13%, 10/2/25, Callable 5/11/23 @ 103.56(b) | 34,912 | ||||
25,000 | Clarivate Science Holdings Corp., 3.88%, 7/1/28, Callable 6/30/24 @ 101.94(b) | 22,250 | ||||
625,000 | Clarivate Science Holdings Corp., 4.88%, 7/1/29, Callable 6/30/24 @ 102.44(b) | 554,687 | ||||
65,000 |
Elastic NV, 4.13%, 7/15/29, Callable 7/15/24 @ 102.06(b) | 55,250 | ||||
150,000 | Fair Isaac Corp., 4.00%, 6/15/28, Callable 4/26/23 @ 102(b) | 138,750 | ||||
220,000 | MicroStrategy, Inc., 6.13%, 6/15/28, Callable 6/15/24 @ 103.06^(b) | 195,250 | ||||
253,000 | Oracle Corp., 1.65%, 3/25/26, Callable 2/25/26 @ 100 | 232,051 | ||||
2,200,000 | Oracle Corp., 2.80%, 4/1/27, Callable 2/1/27 @ 100 | 2,039,633 | ||||
400,000 | Oracle Corp., 2.30%, 3/25/28, Callable 1/25/28 @ 100 | 357,003 | ||||
2,990,000 | Oracle Corp., 2.88%, 3/25/31, Callable 12/25/30 @ 100 | 2,560,786 | ||||
400,000 | SS&C Technologies, Inc., 5.50%, 9/30/27, Callable 5/11/23 @ 102.75(b) | 387,000 | ||||
|
|
|||||
6,608,972 | ||||||
|
|
|||||
Specialty Retail (0.3%): |
| |||||
80,000 | Asbury Automotive Group, Inc., 4.63%, 11/15/29, Callable 11/15/24 @ 102.31(b) | 71,200 | ||||
85,000 | Asbury Automotive Group, Inc., 5.00%, 2/15/32, Callable 11/15/26 @ 102.5(b) | 73,950 | ||||
32,000 | AutoNation, Inc., 4.75%, 6/1/30, Callable 3/1/30 @ 100 | 30,093 |
See accompanying notes to the schedules of portfolio investments.
117
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Specialty Retail, continued |
| |||||
$49,000 | AutoZone, Inc., 3.63%, 4/15/25, Callable 3/15/25 @ 100 | $ | 47,654 | |||
1,229,000 | AutoZone, Inc., 4.00%, 4/15/30, Callable 1/15/30 @ 100 | 1,167,061 | ||||
150,000 | Carvana Co., 5.88%, 10/1/28, Callable 10/1/23 @ 104.41(b) | 63,000 | ||||
20,000 | Carvana Co., 4.88%, 9/1/29, Callable 9/1/24 @ 102.44(b) | 8,100 | ||||
125,000 | Carvana Co., 10.25%, 5/1/30, Callable 5/1/27 @ 105.13(b) | 71,250 | ||||
65,000 | Foot Locker, Inc., 4.00%, 10/1/29, Callable 10/1/24 @ 102(b) | 53,625 | ||||
125,000 | Gap, Inc. (The), 3.88%, 10/1/31, Callable 10/1/26 @ 101.94(b) | 86,562 | ||||
565,000 | L Brands, Inc., 6.63%, 10/1/30, Callable 10/1/25 @ 103.31(b) | 548,050 | ||||
80,000 | Lowes Cos., Inc., 3.35%, 4/1/27, Callable 3/1/27 @ 100 | 76,608 | ||||
1,003,000 | Lowes Cos., Inc., 4.25%, 4/1/52, Callable 10/1/51 @ 100 | 821,937 | ||||
1,138,000 | Lowes Cos., Inc., 4.45%, 4/1/62, Callable 10/1/61 @ 100 | 926,677 | ||||
20,000 | Party City Holdings, Inc., 8.75%, 2/15/26, Callable 8/15/23 @ 104.38(b)(e) | 2,000 | ||||
15,000 | Rent-A-Center, Inc., 6.38%, 2/15/29, Callable 2/15/24 @ 103.19(b) | 12,525 | ||||
85,000 | Victorias Secret & Co., 4.63%, 7/15/29, Callable 7/15/24 @ 102.31(b) | 68,638 | ||||
|
|
|||||
4,128,930 | ||||||
|
|
|||||
Technology Hardware, Storage & Peripherals (0.0%): |
| |||||
320,000 | Dell International LLC/EMC Corp., 5.45%, 6/15/23, Callable 4/17/23 @ 100 | 319,935 | ||||
55,000 | Dell International LLC/EMC Corp., 5.85%, 7/15/25, Callable 6/15/25 @ 100 | 55,767 | ||||
83,000 | Dell International LLC/EMC Corp., 6.02%, 6/15/26, Callable 3/15/26 @ 100 | 85,107 | ||||
101,000 | Dell International LLC/EMC Corp., 6.10%, 7/15/27, Callable 5/15/27 @ 100 | 105,754 | ||||
87,000 | Dell International LLC/EMC Corp., 6.20%, 7/15/30, Callable 4/15/30 @ 100 | 91,006 | ||||
|
|
|||||
657,569 | ||||||
|
|
|||||
Telecommunications (0.0%): |
| |||||
300,000 | Cogent Communications Group, Inc., 7.00%, 6/15/27, Callable 6/15/24 @ 103.5(b) | 297,375 | ||||
145,000 | Frontier Communications Holdings LLC, 8.75%, 5/15/30, Callable 5/15/25 @ 104.38(b) | 143,913 | ||||
|
|
|||||
441,288 | ||||||
|
|
|||||
Textiles, Apparel & Luxury Goods (0.0%): |
| |||||
130,000 | Crocs, Inc., 4.13%, 8/15/31, Callable 8/15/26 @ 102.06(b) | 106,925 | ||||
40,000 | Kontoor Brands, Inc., 4.13%, 11/15/29, Callable 11/15/24 @ 102.06(b) | 34,250 | ||||
45,000 | Levi Strauss & Co., 3.50%, 3/1/31, Callable 3/1/26 @ 101.75(b) | 38,306 | ||||
235,000 | Wolverine World Wide, Inc., 4.00%, 8/15/29, Callable 8/15/24 @ 102(b) | 190,350 | ||||
|
|
|||||
369,831 | ||||||
|
|
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Tobacco (0.1%): |
||||||
$294,000 | Altria Group, Inc., 4.25%, 8/9/42 | $ | 229,487 | |||
191,000 | Altria Group, Inc., 4.50%, 5/2/43 | 151,593 | ||||
175,000 | Altria Group, Inc., 5.38%, 1/31/44 | 159,840 | ||||
72,000 | Altria Group, Inc., 5.95%, 2/14/49, Callable 8/14/48 @ 100 | 68,009 | ||||
232,000 | Reynolds American, Inc., 4.45%, 6/12/25, Callable 3/12/25 @ 100 | 227,585 | ||||
120,000 | Reynolds American, Inc., 5.70%, 8/15/35, Callable 2/15/35 @ 100 | 113,121 | ||||
45,000 | Turning Point Brands, Inc., 5.63%, 2/15/26, Callable 4/21/23 @ 102.81(b) | 40,669 | ||||
|
|
|||||
990,304 | ||||||
|
|
|||||
Trading Companies & Distributors (0.2%): |
| |||||
295,000 | Air Lease Corp., 4.25%, 2/1/24, Callable 1/1/24 @ 100 | 291,511 | ||||
2,465,000 | Air Lease Corp., 3.38%, 7/1/25, Callable 6/1/25 @ 100 | 2,345,630 | ||||
30,000 | Foundation Building Materials, Inc., 6.00%, 3/1/29, Callable 3/1/24 @ 103(b) | 23,775 | ||||
30,000 | SRS Distribution, Inc., 4.63%, 7/1/28, Callable 7/1/24 @ 102.31(b) | 26,512 | ||||
15,000 | SRS Distribution, Inc., 6.13%, 7/1/29, Callable 7/1/24 @ 103.06(b) | 12,619 | ||||
90,000 | SRS Distribution, Inc., 6.00%, 12/1/29, Callable 12/1/24 @ 103(b) | 74,250 | ||||
|
|
|||||
2,774,297 | ||||||
|
|
|||||
Wireless Telecommunication Services (0.4%): |
| |||||
1,155,000 | Sprint Capital Corp., 8.75%, 3/15/32 | 1,400,437 | ||||
1,265,000 | Sprint Communications, Inc., 6.88%, 11/15/28 | 1,358,294 | ||||
2,860,000 | T-Mobile USA, Inc., 3.75%, 4/15/27, Callable 2/15/27 @ 100 | 2,744,470 | ||||
40,000 | T-Mobile USA, Inc., 4.75%, 2/1/28, Callable 4/21/23 @ 102.38 | 39,450 | ||||
45,000 | T-Mobile USA, Inc., 3.38%, 4/15/29, Callable 4/15/24 @ 101.69 | 41,133 | ||||
430,000 | T-Mobile USA, Inc., 3.88%, 4/15/30, Callable 1/15/30 @ 100 | 401,823 | ||||
56,000 | T-Mobile USA, Inc., 4.38%, 4/15/40, Callable 10/15/39 @ 100 | 50,072 | ||||
110,000 | T-Mobile USA, Inc., 4.50%, 4/15/50, Callable 10/15/49 @ 100 | 95,537 | ||||
|
|
|||||
6,131,216 | ||||||
|
|
|||||
Total Corporate Bonds (Cost $345,965,317) |
307,130,974 | |||||
|
|
|||||
Yankee Debt Obligations (4.7%): |
| |||||
Aerospace & Defense (0.0%): |
| |||||
35,000 | Bombardier, Inc., 7.13%, 6/15/26, Callable 6/15/23 @ 103.56(b) | 35,088 | ||||
620,000 | Bombardier, Inc., 6.00%, 2/15/28, Callable 2/15/24 @ 103(b) | 601,400 | ||||
|
|
|||||
636,488 | ||||||
|
|
|||||
Banks (1.2%): |
| |||||
585,000 | Barclays plc, 4.38%, 1/12/26 | 562,792 | ||||
2,543,000 | Barclays plc, 2.85% (US0003M+245 bps), 5/7/26, Callable 5/7/25 @ 100 | 2,375,612 | ||||
2,377,000 | Barclays plc, 5.09% (US0003M+305 bps), 6/20/30, Callable 6/20/29 @ 100 | 2,148,506 |
See accompanying notes to the schedules of portfolio investments.
118
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount |
Value | |||||
Yankee Debt Obligations, continued |
| |||||
Banks, continued |
||||||
$200,000 | Commonwealth Bank of Australia, 3.61%, 9/12/34, | |||||
Callable 9/12/29 @ 100(b) | $ | 173,654 | ||||
530,000 | Cooperatieve Rabobank UA, 4.38%, 8/4/25 | 511,334 | ||||
205,000 | HSBC Holdings plc, 4.25%, 3/14/24 | 199,626 | ||||
1,000,000 | HSBC Holdings plc, 4.95%, 3/31/30 | 972,869 | ||||
200,000 | Intesa Sanpaolo SpA, 5.02%, 6/26/24(b) | 190,148 | ||||
6,069,000 | Intesa Sanpaolo SpA, 5.71%, 1/15/26(b) | 5,694,858 | ||||
3,200,000 | Natwest Group plc, 5.13%, 5/28/24 | 3,165,808 | ||||
680,000 | Societe Generale SA, 1.04% (H15T1Y+75 bps), 6/18/25, Callable 6/18/24 @ 100(b) | 637,947 | ||||
3,863,000 | Societe Generale SA, 1.49% (H15T1Y+110 bps), 12/14/26, Callable 12/14/25 @ 100(b) | 3,381,319 | ||||
186,000 | Westpac Banking Corp., 4.11% (H15T5Y+200 bps), 7/24/34, Callable 7/24/29 @ 100 | 164,359 | ||||
|
|
|||||
20,178,832 | ||||||
|
|
|||||
Biotechnology (0.0%): |
||||||
200,000 | Grifols Escrow Issuer SA, 4.75%, 10/15/28, Callable 10/15/24 @ 102.38(b) | 163,500 | ||||
|
|
|||||
Capital Markets (0.7%): |
||||||
787,000 | Credit Suisse Group AG, 3.80%, 6/9/23 | 773,227 | ||||
4,009,000 | Credit Suisse Group AG, 2.59% (SOFR+156 bps), 9/11/25, Callable 9/11/24 @ 100(b) | 3,718,347 | ||||
2,514,000 | Credit Suisse Group AG, 4.19% (SOFR+373 bps), 4/1/31, Callable 4/1/30 @ 100(b) | 2,231,175 | ||||
470,000 | Credit Suisse Group Funding Guernsey, Ltd., 3.75%, 3/26/25 | 433,575 | ||||
4,610,000 | Deutsche Bank AG, 4.50%, 4/1/25 | 4,193,178 | ||||
774,000 | UBS Group AG, 1.49% (H15T1Y+85 bps), 8/10/27, Callable 8/10/26 @ 100(b) | 665,442 | ||||
|
|
|||||
12,014,944 | ||||||
|
|
|||||
Chemicals (0.1%): |
||||||
510,000 | Methanex Corp., 5.13%, 10/15/27, Callable 4/15/27 @ 100 | 480,675 | ||||
255,000 | Methanex Corp., 5.65%, 12/1/44, Callable 6/1/44 @ 100 | 208,781 | ||||
125,000 | SPCM SA, 3.13%, 3/15/27, Callable 3/15/24 @ 101.56(b) | 107,813 | ||||
|
|
|||||
797,269 | ||||||
|
|
|||||
Communications Equipment (0.0%): |
||||||
160,000 | Nokia OYJ, 6.63%, 5/15/39 | 159,400 | ||||
|
|
|||||
Consumer Discretionary Services (0.0%): |
||||||
115,000 | Studio City Co., Ltd., 7.00%, 2/15/27, Callable 2/15/24 @ 103.5(b) | 108,244 | ||||
|
|
|||||
Consumer Staple Products (0.1%): |
||||||
390,000 | Imperial Brands Finance plc, 6.13%, 7/27/27, Callable 6/27/27 @ 100(b) | 399,263 | ||||
1,380,000 | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 2.50%, 1/15/27, Callable 12/15/26 @ 100(b) | 1,214,400 | ||||
|
|
|||||
1,613,663 | ||||||
|
|
|||||
Containers & Packaging (0.0%): |
||||||
15,000 | Intelligent Packaging, Ltd. Finco, Inc./Intelligent Packaging, Ltd. Co-Issuer LLC, 6.00%, 9/15/28, Callable 5/11/23 @ 103(b) | 12,938 |
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
| |||||
Containers & Packaging, continued |
| |||||
$740,000 | Trivium Packaging Finance BV, 5.50%, 8/15/26, Callable 5/11/23 @ 102.75(b) | $ | 706,700 | |||
|
|
|||||
719,638 | ||||||
|
|
|||||
Diversified Consumer Services (0.1%): |
||||||
33,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, 4.63%, 6/1/28, Callable 6/1/24 @ 102.31(b) | 27,926 | ||||
980,000 | GEMS MENASA Cayman, Ltd. / GEMS Education Delaware LLC, 7.13%, 7/31/26, Callable 5/11/23 @ 103.56(b) | 951,825 | ||||
|
|
|||||
979,751 | ||||||
|
|
|||||
Diversified Telecommunication Services (0.1%): |
||||||
365,000 | Altice France SA, 6.00%, 2/15/28, Callable 5/11/23 @ 103(b) | 231,775 | ||||
470,000 | Altice France SA, 5.13%, 1/15/29, Callable 9/15/23 @ 102.56(b) | 350,150 | ||||
550,000 | Telecom Italia Capital SA, 6.38%, 11/15/33 | 496,375 | ||||
55,000 | Telecom Italia SpA, 6.00%, 9/30/34 | 46,888 | ||||
|
|
|||||
1,125,188 | ||||||
|
|
|||||
Energy Equipment & Services (0.0%): |
||||||
329,063 | Transocean Poseidon, Ltd., 6.88%, 2/1/27, Callable 5/11/23 @ 103.44(b) | 321,659 | ||||
|
|
|||||
Financial Services (0.3%): |
||||||
151,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 6.50%, 7/15/25, Callable 6/15/25 @ 100 | 151,916 | ||||
1,245,000 | Altice Financing SA, 5.00%, 1/15/28, Callable 5/11/23 @ 102.5(b) | 1,008,450 | ||||
711,000 | C&W Senior Financing Dac, 6.88%, 9/15/27, Callable 4/21/23 @ 103.44(b) | 630,124 | ||||
430,000 | Dolya Holdco 18 DAC, 5.00%, 7/15/28, Callable 7/15/23 @ 102.5(b) | 382,163 | ||||
250,000 | Intelsat Jackson Holdings SA, 6.50%, 3/15/30, Callable 3/15/25 @ 102(b) | 229,612 | ||||
1,355,000 | Park Aerospace Holdings, 5.50%, 2/15/24^(b) | 1,312,656 | ||||
780,000 | Vmed O2 UK Financing I plc, 4.25%, 1/31/31, Callable 1/31/26 @ 102.13(b) | 638,625 | ||||
|
|
|||||
4,353,546 | ||||||
|
|
|||||
Financials (0.1%): |
||||||
2,000,000 | Avolon Holdings Funding, Ltd., 2.88%, 2/15/25, Callable 1/15/25 @ 100(b) | 1,876,882 | ||||
|
|
|||||
Hotels, Restaurants & Leisure (0.0%): |
||||||
35,000 | 1011778 BC ULC / New Red Finance, Inc., 5.75%, 4/15/25, Callable 5/11/23 @ 101.44(b) | 35,000 | ||||
525,000 | 1011778 BC ULC / New Red Finance, Inc., 4.00%, 10/15/30, Callable 10/15/25 @ 102(b) | 450,187 | ||||
45,000 | Melco Resorts Finance, Ltd., 5.75%, 7/21/28, Callable 7/21/23 @ 102.88(b) | 37,969 | ||||
40,000 | Melco Resorts Finance, Ltd., 5.38%, 12/4/29, Callable 12/4/24 @ 102.69(b) | 32,500 | ||||
|
|
|||||
555,656 | ||||||
|
|
|||||
Industrial Services (0.0%): |
||||||
54,000 | 1375209 BC, Ltd., 9.00%, 1/30/28, Callable 4/21/23 @ 103(b) | 53,460 | ||||
|
|
|||||
Insurance (0.2%): |
||||||
1,414,000 | AIA Group, Ltd., 3.38%, 4/7/30, Callable 1/7/30 @ 100(b) | 1,299,221 |
See accompanying notes to the schedules of portfolio investments.
119
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
| |||||
Insurance, continued |
| |||||
$1,200,000 | AIA Group, Ltd., 3.20%, 9/16/40, Callable 3/16/40 @ 100(b) | $ | 893,656 | |||
200,000 | Swiss Re Finance Luxembourg SA, 5.00% (H15T5Y+358 bps), 4/2/49, Callable 4/2/29 @ 100(b) | 187,171 | ||||
|
|
|||||
2,380,048 | ||||||
|
|
|||||
Materials (0.1%): |
||||||
125,000 | Cerdia Finanz GmbH, 10.50%, 2/15/27, Callable 2/15/24 @ 105.25(b) | 114,687 | ||||
205,000 | INEOS Finance plc, 6.75%, 5/15/28, Callable 2/15/25 @ 103.38(b) | 199,875 | ||||
530,000 | NOVA Chemicals Corp., 5.25%, 6/1/27, Callable 3/3/27 @ 100(b) | 477,000 | ||||
500,000 | Nufarm Australia, Ltd. / Nufarm Americas, Inc., 5.00%, 1/27/30, Callable 1/27/25 @ 102.5(b) | 440,000 | ||||
|
|
|||||
1,231,562 | ||||||
|
|
|||||
Media (0.0%): |
||||||
200,000 | VZ Secured Financing BV, 5.00%, 1/15/32, Callable 1/15/27 @ 102.5(b) | 160,500 | ||||
335,000 | Ziggo BV, 5.13%, 2/28/30, Callable 2/15/25 @ 102.56(b) | 265,906 | ||||
|
|
|||||
426,406 | ||||||
|
|
|||||
Metals & Mining (0.1%): |
||||||
695,000 | ERO Copper Corp., 6.50%, 2/15/30, Callable 2/15/25 @ 103.25(b) | 608,125 | ||||
370,000 | First Quantum Minerals, Ltd., 6.88%, 3/1/26, Callable 4/21/23 @ 101.72(b) | 358,900 | ||||
35,000 | First Quantum Minerals, Ltd., 6.88%, 10/15/27, Callable 10/15/23 @ 103.44(b) | 33,863 | ||||
5,000 | FMG Resources Pty, Ltd., 4.50%, 9/15/27, Callable 6/15/27 @ 100(b) | 4,762 | ||||
85,000 | Infrabuild Australia Pty, Ltd., 12.00%, 10/1/24, Callable 5/11/23 @ 106(b) | 81,387 | ||||
180,000 | Mineral Resources, Ltd., 8.00%, 11/1/27, Callable 11/1/24 @ 104(b) | 182,250 | ||||
|
|
|||||
1,269,287 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (0.8%): |
||||||
335,000 | eG Global Finance plc, 6.75%, 2/7/25, Callable 4/21/23 @ 101.69(b) | 309,456 | ||||
510,000 | eG Global Finance plc, 8.50%, 10/30/25, Callable 5/11/23 @ 102.13(b) | 476,850 | ||||
145,000 | Enbridge, Inc., 4.00%, 10/1/23, Callable 7/1/23 @ 100 | 143,406 | ||||
565,000 | Meg Energy Corp., 7.13%, 2/1/27, Callable 5/11/23 @ 103.56(b) | 577,713 | ||||
2,500,000 | Petroleos Mexicanos, 4.50%, 1/23/26 | 2,298,027 | ||||
916,000 | Petroleos Mexicanos, 6.84%, 1/23/30, Callable 10/23/29 @ 100 | 759,022 | ||||
4,780,000 | Petroleos Mexicanos, 5.95%, 1/28/31, Callable 10/28/30 @ 100 | 3,651,084 | ||||
2,228,000 | Petroleos Mexicanos, 6.75%, 9/21/47 | 1,449,312 | ||||
5,000,000 | Petroleos Mexicanos, 6.35%, 2/12/48 | 3,109,835 | ||||
336,000 | Petroleos Mexicanos, 6.95%, 1/28/60, Callable 7/28/59 @ 100 | 217,620 | ||||
45,000 | Teine Energy, Ltd., 6.88%, 4/15/29, Callable 4/15/24 @ 103.44(b) | 41,175 | ||||
|
|
|||||
13,033,500 | ||||||
|
|
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
| |||||
Passenger Airlines (0.0%): |
| |||||
$240,000 | VistaJet Malta Finance plc / XO Management Holding, Inc., 7.88%, 5/1/27, Callable 5/1/24 @ 103.94(b) | $ | 228,600 | |||
215,000 | VistaJet Malta Finance plc / XO Management Holding, Inc., 6.38%, 2/1/30, Callable 2/1/25 @ 103.19(b) | 192,425 | ||||
|
|
|||||
421,025 | ||||||
|
|
|||||
Pharmaceuticals (0.0%): |
||||||
295,000 | Bausch Health Cos., Inc., 5.50%, 11/1/25, Callable 5/11/23 @ 100(b) | 243,375 | ||||
|
|
|||||
Software (0.0%): |
||||||
60,000 | Open Text Corp., 3.88%, 2/15/28, Callable 5/11/23 @ 101.94(b) | 53,400 | ||||
305,000 | Open Text Corp., 3.88%, 12/1/29, Callable 12/1/24 @ 101.94(b) | 256,962 | ||||
|
|
|||||
310,362 | ||||||
|
|
|||||
Sovereign Bond (0.4%): |
||||||
300,000 | Abu Dhabi Government International Bond, 3.88%, 4/16/50(b) | 255,379 | ||||
37,622 | Argentine Republic Government International Bond, 1.00%, 7/9/29, Callable 5/11/23 @ 100 | 10,252 | ||||
342,505 | Argentine Republic Government International Bond, 0.50%, 7/9/30, Callable 5/11/23 @ 100 | 103,180 | ||||
627,494 | Argentine Republic Government International Bond, 1.50%, 7/9/35, Callable 5/11/23 @ 100 | 162,364 | ||||
300,000 | Corp. Andina de Fomento, 2.38%, 5/12/23 | 299,070 | ||||
900,000 | Dominican Republic, 5.50%, 1/27/25(b) | 891,000 | ||||
3,150,000 | Dominican Republic, 6.00%, 7/19/28(b) | 3,083,063 | ||||
375,000 | Indonesia Government International Bond, 4.20%, 10/15/50 | 323,093 | ||||
350,000 | Qatar Government International Bond, 4.40%, 4/16/50(b) | 323,911 | ||||
200,000 | Saudi Government International Bond, 3.25%, 10/22/30(b) | 184,316 | ||||
200,000 | Saudi Government International Bond, 4.50%, 4/22/60(b) | 174,846 | ||||
|
|
|||||
5,810,474 | ||||||
|
|
|||||
Trading Companies & Distributors (0.3%): |
||||||
320,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.88%, 1/16/24, Callable 12/16/23 @ 100 | 315,192 | ||||
2,200,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 2.88%, 8/14/24, Callable 7/14/24 @ 100 | 2,098,728 | ||||
1,379,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 1.65%, 10/29/24, Callable 9/29/24 @ 100 | 1,285,057 | ||||
163,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.45%, 4/3/26, Callable 2/3/26 @ 100 | 155,790 | ||||
503,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 2.45%, 10/29/26, Callable 9/29/26 @ 100 | 449,162 | ||||
527,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.00%, 10/29/28, Callable 8/29/28 @ 100 | 457,368 | ||||
564,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.30%, 1/30/32, Callable 10/30/31 @ 100 | 465,417 | ||||
|
|
|||||
5,226,714 | ||||||
|
|
|||||
Wireless Telecommunication Services (0.1%): |
||||||
330,000 | Empresa Nacional del Pet, 4.38%, 10/30/24(b) | 320,512 | ||||
450,000 | Millicom International Cellular SA, 6.25%, 3/25/29, Callable 3/25/24 @ 103.13(b) | 409,500 |
See accompanying notes to the schedules of portfolio investments.
120
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount |
Value | |||||
Yankee Debt Obligations, continued |
| |||||
Wireless Telecommunication Services, continued |
||||||
$295,000 | Millicom International Cellular SA, 4.50%, 4/27/31, Callable 4/27/26 @ 102.25(b) | $ | 236,000 | |||
562,000 | Rogers Communications, Inc., 3.20%, 3/15/27, Callable 2/15/27 @ 100(b) | 528,090 | ||||
490,000 | Rogers Communications, Inc., 3.80%, 3/15/32, Callable 12/15/31 @ 100(b) | 438,380 | ||||
|
|
|||||
1,932,482 | ||||||
|
|
|||||
Total Yankee Debt Obligations |
77,943,355 | |||||
|
|
|||||
Municipal Bonds (0.2%): |
||||||
Illinois (0.2%): |
||||||
3,235,000 | Illinois State, GO, 5.10%, 6/1/33 | 3,228,077 | ||||
34,091 | Illinois State, GO, 4.95%, 6/1/23 | 33,876 | ||||
|
|
|||||
3,261,953 | ||||||
|
|
|||||
New Jersey (0.0%): |
||||||
339,000 | New Jersey Economic Development Authority Revenue, GO, Series A, 7.43%, 2/15/29 | 369,954 | ||||
|
|
|||||
Total Municipal Bonds (Cost $3,552,448) |
3,631,907 | |||||
|
|
|||||
U.S. Government Agency Mortgages (12.1%): |
| |||||
Federal Home Loan Mortgage Corporation (2.5%) |
| |||||
19,671 | 2.50%, 6/1/31, Pool #G18604 | 18,548 | ||||
27,688 | 2.50%, 6/1/31, Pool #J34501 | 26,273 | ||||
34,949 | 2.50%, 7/1/31, Pool #V61246 | 33,006 | ||||
58,579 | 2.50%, 8/1/31, Pool #V61273 | 55,965 | ||||
154,512 | 3.50%, 3/1/32, Pool #C91403 | 150,117 | ||||
467,533 | 3.50%, 7/1/32, Pool #C91467 | 454,225 | ||||
120,110 | 2.50%, 12/1/32, Pool #G18669 | 111,762 | ||||
27,286 | 2.50%, 3/1/33, Pool #G18680 | 25,467 | ||||
109,661 | 3.00%, 4/1/33, Pool #G18684 | 104,726 | ||||
35,292 | 3.00%, 5/1/33, Pool #G16550 | 33,753 | ||||
91,175 | 2.50%, 7/1/33, Pool #G16661 | 85,276 | ||||
25,354 | 3.00%, 4/1/34, Pool #G16829 | 24,378 | ||||
134,142 | 3.50%, 10/1/34, Pool #C91793 | 131,851 | ||||
450,000 | 3.00%, 5/1/35, Pool #SB0836 | 427,257 | ||||
3,104,895 | 2.00%, 6/1/35, Pool #QN2416 | 2,795,165 | ||||
476,861 | 1.50%, 8/1/35, Pool #SB8066 | 418,225 | ||||
556,075 | 1.50%, 11/1/35, Pool #SB8073 | 487,681 | ||||
446,553 | 1.50%, 12/1/36, Pool #SB8131 | 391,600 | ||||
2,949,556 | 1.50%, 4/1/37, Pool #SB8147 | 2,587,232 | ||||
367,938 | 4.00%, 5/1/37, Pool #C91938 | 361,234 | ||||
161,987 | 4.00%, 11/1/40, Pool #A95150 | 157,402 | ||||
32,997 | 1.50%, 12/1/40, Pool #RB5089 | 27,032 | ||||
54,654 | 1.50%, 2/1/41, Pool #RB5099 | 44,844 | ||||
55,485 | 1.50%, 3/1/41, Pool #RB5104 | 45,526 | ||||
55,347 | 1.50%, 4/1/41, Pool #RB5107 | 45,408 | ||||
20,367 | 2.00%, 4/1/41, Pool #RB5108 | 17,482 | ||||
21,195 | 2.00%, 7/1/41, Pool #RB5118 | 18,192 | ||||
22,198 | 2.00%, 10/1/41, Pool #RB5131 | 19,053 | ||||
230,711 | 3.50%, 1/1/44, Pool #G60271 | 223,514 | ||||
458,735 | 3.50%, 1/1/44, Pool #G07922 | 435,286 | ||||
58,110 | 4.00%, 2/1/45, Pool #G07949 | 57,771 | ||||
53,399 | 3.50%, 11/1/45, Pool #Q37467 | 51,310 | ||||
13,534 | 4.00%, 4/1/46, Pool #V82292 | 13,326 | ||||
5,957 | 4.00%, 4/1/46, Pool #Q39975 | 5,860 | ||||
110,183 | 3.50%, 9/1/46, Pool #Q43257 | 105,177 | ||||
171,935 | 3.00%, 12/1/46, Pool #G60989 | 157,347 | ||||
5,741 | 4.50%, 12/1/46, Pool #Q45028 | 5,723 | ||||
4,717 | 4.50%, 1/1/47, Pool #Q45635 | 4,702 |
Principal Amount |
Value | |||||
U.S. Government Agency Mortgages, continued |
| |||||
Federal Home Loan Mortgage Corporation, continued | ||||||
$9,935 | 4.50%, 2/1/47, Pool #Q46222 | $ | 9,910 | |||
8,873 | 4.50%, 5/1/47, Pool #Q47942 | 8,851 | ||||
27,606 | 4.50%, 5/1/47, Pool #Q48095 | 27,536 | ||||
17,533 | 4.50%, 5/1/47, Pool #Q47935 | 17,488 | ||||
219,331 | 4.00%, 6/1/47, Pool #Q48877 | 215,916 | ||||
36,013 | 4.50%, 6/1/47, Pool #Q48759 | 35,922 | ||||
17,670 | 4.50%, 7/1/47, Pool #Q49393 | 17,624 | ||||
85,004 | 4.50%, 12/1/47, Pool #Q53017 | 85,087 | ||||
26,219 | 4.00%, 2/1/48, Pool #G61343 | 25,225 | ||||
11,589 | 4.00%, 2/1/48, Pool #Q54499 | 11,370 | ||||
48,218 | 4.50%, 4/1/48, Pool #Q55660 | 48,072 | ||||
33,830 | 4.50%, 4/1/48, Pool #Q55500 | 33,728 | ||||
20,281 | 4.50%, 4/1/48, Pool #Q55724 | 20,220 | ||||
26,807 | 4.50%, 5/1/48, Pool #Q55839 | 26,726 | ||||
97,089 | 4.00%, 5/1/48, Pool #Q55992 | 95,262 | ||||
141,387 | 4.00%, 6/1/48, Pool #G67713 | 138,856 | ||||
45,376 | 4.00%, 7/1/48, Pool #Q59935 | 44,760 | ||||
24,145 | 4.50%, 10/1/48, Pool #G67716 | 24,217 | ||||
143,952 | 3.00%, 6/1/49, Pool #ZT2090 | 130,127 | ||||
685,653 | 4.50%, 7/1/49, Pool #RA1171 | 681,757 | ||||
5,929 | 3.00%, 10/1/49, Pool #QA3907 | 5,389 | ||||
8,529 | 3.00%, 11/1/49, Pool #QA4483 | 7,755 | ||||
24,159 | 3.00%, 12/1/49, Pool #QA5154 | 21,960 | ||||
9,408 | 3.00%, 12/1/49, Pool #QA5521 | 8,553 | ||||
143,322 | 3.00%, 4/1/50, Pool #QA9049 | 129,625 | ||||
333,284 | 2.00%, 6/1/50, Pool #RA2677 | 278,527 | ||||
428,992 | 2.50%, 11/1/50, Pool #SD7530 | 372,788 | ||||
2,179,054 | 2.50%, 2/1/51, Pool #SD7535 | 1,908,684 | ||||
4,899,512 | 1.50%, 4/1/51, Pool #SD8139 | 3,836,896 | ||||
43,974 | 2.00%, 5/1/51, Pool #QC1514 | 36,785 | ||||
1,301,756 | 2.00%, 5/1/51, Pool #SD7541 | 1,091,754 | ||||
2,116,167 | 2.50%, 5/1/51, Pool #SD7540 | 1,847,315 | ||||
27,149 | 2.00%, 7/1/51, Pool #QC4163 | 22,695 | ||||
348,211 | 2.50%, 7/1/51, Pool #RA5574 | 302,187 | ||||
386,292 | 3.00%, 9/1/51, Pool #QC6608 | 347,164 | ||||
467,263 | 3.00%, 9/1/51, Pool #QC7496 | 419,439 | ||||
423,830 | 3.00%, 10/1/51, Pool #QC9077 | 380,619 | ||||
682,463 | 2.00%, 10/1/51, Pool #RA6076 | 568,203 | ||||
457,381 | 3.00%, 11/1/51, Pool #QD1240 | 410,597 | ||||
412,620 | 2.00%, 11/1/51, Pool #RA6302 | 342,180 | ||||
1,204,290 | 2.00%, 11/1/51, Pool #RA6241 | 1,002,379 | ||||
148,820 | 2.50%, 12/1/51, Pool #SD8183 | 128,133 | ||||
438,787 | 3.00%, 12/1/51, Pool #QD3200 | 393,914 | ||||
278,428 | 2.50%, 12/1/51, Pool #RA6496 | 241,696 | ||||
644,575 | 2.50%, 12/1/51, Pool #RA6434 | 559,505 | ||||
2,101,510 | 2.50%, 12/1/51, Pool #RA6435 | 1,823,605 | ||||
465,624 | 2.00%, 12/1/51, Pool #RA6510 | 389,276 | ||||
398,423 | 3.00%, 1/1/52, Pool #RA6604 | 357,653 | ||||
247,400 | 3.00%, 1/1/52, Pool #QD5561 | 222,259 | ||||
792,335 | 2.50%, 1/1/52, Pool #RA6622 | 687,524 | ||||
996,219 | 2.00%, 2/1/52, Pool #SD8193 | 822,604 | ||||
1,031,035 | 2.00%, 2/1/52, Pool #RA6823 | 856,014 | ||||
1,022,520 | 2.00%, 2/1/52, Pool #RA6824 | 849,985 | ||||
113,481 | 3.50%, 2/1/52, Pool #RA6700 | 105,878 | ||||
189,051 | 3.50%, 2/1/52, Pool #RA6799 | 176,572 | ||||
684,506 | 3.50%, 3/1/52, Pool #RA6949 | 638,685 | ||||
2,355,137 | 3.00%, 3/1/52, Pool #RA6988 | 2,111,161 | ||||
1,223,040 | 3.50%, 3/1/52, Pool #RA6987 | 1,141,617 | ||||
713,089 | 3.50%, 3/1/52, Pool #RA6950 | 674,423 |
See accompanying notes to the schedules of portfolio investments.
121
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
| |||||
Federal Home Loan Mortgage Corporation, continued | ||||||
$249,593 | 3.00%, 3/1/52, Pool #SD2219 | $ | 224,148 | |||
194,338 | 3.50%, 4/1/52, Pool #SD0927 | 183,036 | ||||
195,535 | 5.00%, 9/1/52, Pool #SD1572 | 197,163 | ||||
565,896 | 4.50%, 10/1/52, Pool #SD2467 | 554,424 | ||||
837,275 | 4.00%, 10/1/52, Pool #SD1772 | 808,878 | ||||
296,098 | 5.00%, 11/1/52, Pool #SD1862 | 303,301 | ||||
690,554 | 5.00%, 12/1/52, Pool #SD1924 | 696,410 | ||||
|
|
|||||
40,346,708 | ||||||
|
|
|||||
Federal National Mortgage Association (7.4%) |
||||||
29,963 | 2.50%, 5/1/31, Pool #BC0919 | 28,016 | ||||
44,094 | 2.50%, 8/1/31, Pool #BC2778 | 41,221 | ||||
30,699 | 2.50%, 10/1/31, Pool #AS8010 | 29,214 | ||||
191,072 | 2.50%, 1/1/32, Pool #BE3032 | 180,183 | ||||
34,262 | 2.50%, 9/1/32, Pool #MA3124 | 32,179 | ||||
18,199 | 3.00%, 3/1/33, Pool #BM4614 | 17,473 | ||||
599,655 | 2.00%, 10/1/35, Pool #BK5705 | 539,820 | ||||
306,761 | 6.00%, 5/1/36, Pool #745512 | 323,122 | ||||
120,206 | 2.00%, 12/1/36, Pool #BU1384 | 108,223 | ||||
5,900,000 | 2.00%, 4/25/38, TBA | 5,312,766 | ||||
3,250,000 | 1.50%, 4/25/38, TBA | 2,851,367 | ||||
5,300,000 | 2.50%, 4/25/38, TBA | 4,904,156 | ||||
474,370 | 2.00%, 10/1/40, Pool #MA4176 | 408,190 | ||||
50,690 | 1.50%, 11/1/40, Pool #MA4175 | 41,526 | ||||
50,672 | 1.50%, 12/1/40, Pool #MA4202 | 41,511 | ||||
18,306 | 2.00%, 12/1/40, Pool #MA4204 | 15,685 | ||||
11,761 | 3.50%, 12/1/40, Pool #AH1556 | 11,178 | ||||
54,611 | 1.50%, 1/1/41, Pool #MA4266 | 44,806 | ||||
53,429 | 1.50%, 1/1/41, Pool #MA4231 | 43,771 | ||||
19,589 | 2.00%, 2/1/41, Pool #MA4268 | 16,814 | ||||
55,700 | 1.50%, 2/1/41, Pool #MA4286 | 45,699 | ||||
20,021 | 2.00%, 3/1/41, Pool #MA4287 | 17,185 | ||||
20,647 | 2.00%, 4/1/41, Pool #MA4311 | 17,722 | ||||
321,080 | 2.00%, 5/1/41, Pool #MA4333 | 275,588 | ||||
21,214 | 2.00%, 6/1/41, Pool #MA4364 | 18,208 | ||||
21,951 | 2.00%, 10/1/41, Pool #MA4446 | 18,842 | ||||
345,259 | 2.00%, 2/1/42, Pool #MA4540 | 294,808 | ||||
32,214 | 4.00%, 10/1/43, Pool #BM1167 | 31,658 | ||||
218,890 | 4.50%, 3/1/44, Pool #AV0957 | 220,792 | ||||
132,864 | 4.50%, 7/1/44, Pool #AS3062 | 133,790 | ||||
150,211 | 4.50%, 12/1/44, Pool #AS4176 | 150,927 | ||||
82,133 | 4.00%, 5/1/45, Pool #AZ1207 | 79,607 | ||||
122,198 | 4.00%, 6/1/45, Pool #AY8096 | 118,445 | ||||
58,031 | 4.00%, 6/1/45, Pool #AY8126 | 57,062 | ||||
22,245 | 4.00%, 12/1/45, Pool #AS6352 | 21,875 | ||||
6,993 | 4.50%, 1/1/46, Pool #AY3890 | 7,114 | ||||
59,131 | 4.00%, 2/1/46, Pool #BC1578 | 56,571 | ||||
2,943 | 4.50%, 3/1/46, Pool #BC0287 | 2,925 | ||||
219,637 | 4.00%, 4/1/46, Pool #AL8468 | 217,341 | ||||
19,525 | 4.00%, 4/1/46, Pool #AS7024 | 18,906 | ||||
151,404 | 4.00%, 6/1/46, Pool #AL9282 | 144,854 | ||||
22,835 | 4.50%, 6/1/46, Pool #BD1238 | 22,768 | ||||
86,177 | 4.00%, 7/1/46, Pool #BC1443 | 84,359 | ||||
25,955 | 4.00%, 9/1/46, Pool #BD1489 | 24,831 | ||||
93,874 | 4.00%, 9/1/46, Pool #BC2843 | 91,895 | ||||
39,086 | 4.50%, 10/1/46, Pool #BE1671 | 38,912 | ||||
88,040 | 4.00%, 10/1/46, Pool #BC4754 | 86,184 | ||||
17,260 | 4.00%, 10/1/46, Pool #BD7599 | 16,512 | ||||
50,046 | 4.50%, 11/1/46, Pool #BE2386 | 49,752 | ||||
238,628 | 3.50%, 12/1/46, Pool #BC9077 | 226,383 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
| |||||
Federal National Mortgage Association, continued |
||||||
$99,845 | 4.50%, 12/1/46, Pool #BE4488 | $ | 99,257 | |||
4,641 | 4.50%, 12/1/46, Pool #BC9079 | 4,613 | ||||
29,512 | 4.50%, 1/1/47, Pool #BE6506 | 29,425 | ||||
17,967 | 4.50%, 1/1/47, Pool #BE7087 | 17,908 | ||||
336,061 | 4.00%, 2/1/47, Pool #AL9779 | 326,800 | ||||
47,025 | 4.50%, 2/1/47, Pool #BE8498 | 47,496 | ||||
44,237 | 4.00%, 5/1/47, Pool #BM1277 | 42,980 | ||||
8,494 | 4.50%, 6/1/47, Pool #BE9387 | 8,467 | ||||
12,695 | 4.50%, 6/1/47, Pool #BH0561 | 12,651 | ||||
5,221 | 4.00%, 6/1/47, Pool #BH4269 | 5,072 | ||||
49,574 | 4.50%, 6/1/47, Pool #BE3663 | 49,414 | ||||
41,612 | 4.50%, 7/1/47, Pool #BE3749 | 41,477 | ||||
24,201 | 4.00%, 7/1/47, Pool #AS9968 | 23,514 | ||||
18,974 | 4.50%, 4/1/48, Pool #BJ5454 | 18,947 | ||||
45,265 | 4.00%, 4/1/48, Pool #BM3700 | 43,982 | ||||
6,037 | 4.50%, 5/1/48, Pool #BJ5507 | 6,028 | ||||
245,018 | 4.50%, 10/1/48, Pool #CA2432 | 244,708 | ||||
61,359 | 4.50%, 10/25/48, Pool #BM4548 | 61,846 | ||||
286,956 | 4.50%, 12/1/48, Pool #CA2797 | 288,946 | ||||
163,534 | 4.50%, 9/1/49, Pool #FM1534 | 162,608 | ||||
9,003 | 3.00%, 11/1/49, Pool #BO8254 | 8,184 | ||||
38,463 | 3.50%, 11/1/49, Pool #CA4557 | 36,183 | ||||
229,810 | 4.00%, 11/1/49, Pool #CA4628 | 223,510 | ||||
121,671 | 3.00%, 1/1/50, Pool #CA5019 | 110,448 | ||||
167,210 | 3.00%, 1/1/50, Pool #MA3905 | 151,296 | ||||
498,228 | 4.00%, 3/1/50, Pool #FM3663 | 481,136 | ||||
126,360 | 3.00%, 4/1/50, Pool #MA3991 | 114,118 | ||||
122,735 | 2.00%, 7/1/50, Pool #CA6275 | 102,124 | ||||
86,751 | 2.00%, 7/1/50, Pool #FM3897 | 72,504 | ||||
561,977 | 3.00%, 8/1/50, Pool #FM6118 | 508,944 | ||||
2,506,882 | 3.50%, 8/1/50, Pool #FM7147 | 2,354,929 | ||||
329,863 | 2.50%, 8/1/50, Pool #SD0430 | 287,641 | ||||
50,348 | 3.00%, 9/1/50, Pool #FM4317 | 45,114 | ||||
130,139 | 3.00%, 9/1/50, Pool #CA6998 | 117,851 | ||||
128,377 | 2.00%, 10/1/50, Pool #CA7323 | 108,149 | ||||
153,894 | 2.50%, 10/1/50, Pool #CA7229 | 134,419 | ||||
86,094 | 2.00%, 11/1/50, Pool #C47616 | 71,997 | ||||
142,886 | 3.00%, 12/1/50, Pool #FM7827 | 129,159 | ||||
2,096,694 | 2.00%, 3/1/51, Pool #MA4281 | 1,735,229 | ||||
2,042,407 | 2.00%, 4/1/51, Pool #MA4305 | 1,690,238 | ||||
1,037,108 | 2.50%, 4/1/51, Pool #FM6540 | 908,927 | ||||
4,249,041 | 3.00%, 4/1/51, Pool #BR9775 | 3,814,090 | ||||
2,992,982 | 2.00%, 4/1/51, Pool #CB0153 | 2,471,316 | ||||
564,483 | 3.00%, 5/1/51, Pool #CB0531 | 506,916 | ||||
451,472 | 2.50%, 5/1/51, Pool #MA4326 | 389,430 | ||||
1,311,498 | 3.00%, 6/1/51, Pool #CB0850 | 1,185,803 | ||||
43,771 | 2.00%, 7/1/51, Pool #BQ1010 | 36,433 | ||||
19,962 | 2.00%, 7/1/51, Pool #BT1461 | 16,686 | ||||
498,495 | 3.00%, 7/1/51, Pool #FM8077 | 447,454 | ||||
795,847 | 2.50%, 7/1/51, Pool #CB0997 | 690,653 | ||||
492,965 | 2.50%, 8/1/51, Pool #CB1384 | 427,771 | ||||
362,399 | 2.50%, 9/1/51, Pool #CB1549 | 315,102 | ||||
46,598 | 3.00%, 10/1/51, Pool #CB1878 | 41,851 | ||||
638,409 | 2.00%, 10/1/51, Pool #CB1801 | 533,754 | ||||
483,337 | 2.00%, 10/1/51, Pool #CB1799 | 405,310 | ||||
1,047,371 | 2.50%, 10/1/51, Pool #MA4438 | 901,810 | ||||
388,575 | 2.50%, 11/1/51, Pool #FM9505 | 337,284 | ||||
814,621 | 2.00%, 11/1/51, Pool #FM9568 | 683,120 | ||||
503,026 | 2.50%, 11/1/51, Pool #FM9517 | 434,691 |
See accompanying notes to the schedules of portfolio investments.
122
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal National Mortgage Association, continued |
||||||
$1,190,199 | 2.50%, 11/1/51, Pool #MA4466 | $ | 1,024,775 | |||
1,273,481 | 2.50%, 11/1/51, Pool #FM9501 | 1,107,312 | ||||
513,601 | 2.00%, 11/1/51, Pool #FM9539 | 429,469 | ||||
276,800 | 2.00%, 12/1/51, Pool #CB2348 | 231,417 | ||||
368,221 | 2.50%, 12/1/51, Pool #CB2320 | 320,162 | ||||
1,029,649 | 2.00%, 12/1/51, Pool #CB2349 | 860,844 | ||||
367,741 | 2.00%, 12/1/51, Pool #CB2350 | 306,143 | ||||
346,519 | 2.50%, 12/1/51, Pool #CB2376 | 300,641 | ||||
278,423 | 2.00%, 12/1/51, Pool #CB2347 | 233,493 | ||||
99,907 | 3.00%, 12/1/51, Pool #FM9777 | 89,863 | ||||
1,558,613 | 2.50%, 12/1/51, Pool #FM9865 | 1,355,143 | ||||
391,729 | 2.50%, 12/1/51, Pool #CB2321 | 340,029 | ||||
417,290 | 3.00%, 12/1/51, Pool #BT9503 | 374,634 | ||||
877,203 | 2.50%, 12/1/51, Pool #CB2289 | 761,445 | ||||
268,741 | 3.00%, 1/1/52, Pool #CB2662 | 242,528 | ||||
343,015 | 3.50%, 1/1/52, Pool #MA4514 | 320,344 | ||||
673,400 | 2.00%, 1/1/52, Pool #FS0288 | 558,828 | ||||
1,557,665 | 2.00%, 1/1/52, Pool #FS0286 | 1,302,366 | ||||
148,907 | 2.50%, 1/1/52, Pool #MA4512 | 128,207 | ||||
1,841,964 | 2.50%, 1/1/52, Pool #FS1648 | 1,587,010 | ||||
99,784 | 3.50%, 1/1/52, Pool #CB2679 | 93,883 | ||||
975,182 | 2.50%, 2/1/52, Pool #FS0605 | 846,350 | ||||
296,252 | 3.50%, 2/1/52, Pool #CB2906 | 275,931 | ||||
197,207 | 3.50%, 2/1/52, Pool #CB2905 | 184,184 | ||||
99,600 | 3.00%, 2/1/52, Pool #CB2886 | 89,453 | ||||
1,602,490 | 2.00%, 2/1/52, Pool #CB2842 | 1,323,585 | ||||
921,227 | 3.00%, 2/1/52, Pool #FS0631 | 832,853 | ||||
394,545 | 2.50%, 3/1/52, Pool #BV4139 | 340,420 | ||||
499,870 | 3.50%, 3/1/52, Pool #CB3128 | 466,425 | ||||
274,025 | 2.00%, 3/1/52, Pool #MA4562 | 226,266 | ||||
438,933 | 3.50%, 3/1/52, Pool #CB3174 | 412,352 | ||||
643,834 | 3.00%, 3/1/52, Pool #BV0350 | 578,624 | ||||
741,543 | 4.00%, 4/1/52, Pool #FS1647 | 715,254 | ||||
997,549 | 2.00%, 4/1/52, Pool #FS1598 | 823,687 | ||||
4,700,000 | 3.00%, 4/25/52, TBA | 4,210,172 | ||||
679,103 | 4.50%, 7/1/52, Pool #CB4064 | 673,773 | ||||
1,613,303 | 4.00%, 9/1/52, Pool #FS3083 | 1,546,759 | ||||
628,052 | 5.00%, 9/1/52, Pool #CB4682 | 633,276 | ||||
388,222 | 5.50%, 10/1/52, Pool #CB4843 | 392,962 | ||||
449,999 | 4.50%, 10/1/52, Pool #BX1265 | 440,726 | ||||
234,103 | 4.50%, 10/1/52, Pool #BX0507 | 229,256 | ||||
48,946 | 5.00%, 10/1/52, Pool #CB4893 | 49,353 | ||||
491,286 | 5.00%, 11/1/52, Pool #CB5128 | 497,210 | ||||
1,475,383 | 4.50%, 11/1/52, Pool #BX1765 | 1,444,962 | ||||
146,677 | 5.00%, 11/1/52, Pool #FS3295 | 147,579 | ||||
295,332 | 5.00%, 11/1/52, Pool #FS3248 | 297,791 | ||||
147,766 | 5.00%, 12/1/52, Pool #CB5273 | 148,996 | ||||
348,642 | 5.00%, 12/1/52, Pool #MA4841 | 347,725 | ||||
5,950,000 | 3.50%, 4/25/53, TBA | 5,520,484 | ||||
3,850,000 | 2.00%, 4/25/53, TBA | 3,176,852 | ||||
1,800,000 | 4.00%, 4/25/53, TBA | 1,719,844 | ||||
4,750,000 | 2.50%, 4/25/53, TBA | 4,090,195 | ||||
1,000,000 | 5.00%, 4/25/53, TBA | 996,719 | ||||
4,050,000 | 4.00%, 5/25/53, TBA | 3,871,547 | ||||
2,850,000 | 3.00%, 5/25/53, TBA | 2,555,203 | ||||
8,050,000 | 2.50%, 5/25/53, TBA | 6,939,352 | ||||
3,100,000 | 1.50%, 5/25/53, TBA | 2,430,594 | ||||
15,600,000 | 2.00%, 5/25/53, TBA | 12,887,063 | ||||
2,800,000 | 5.50%, 5/25/53, TBA | 2,827,781 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal National Mortgage Association, continued |
||||||
$1,700,000 | 5.50%, 6/25/53, TBA | $ | 1,716,402 | |||
|
|
|||||
121,026,945 | ||||||
|
|
|||||
Government National Mortgage Association (2.2%) |
||||||
16,721 | 4.00%, 10/20/40, Pool #G24833 | 16,493 | ||||
50,311 | 4.00%, 1/20/41, Pool #4922 | 49,623 | ||||
53,790 | 4.00%, 8/15/41, Pool #430354 | 52,256 | ||||
574,931 | 4.00%, 1/20/42, Pool #5280 | 567,071 | ||||
76,677 | 4.00%, 11/20/42, Pool #MA0535 | 75,629 | ||||
187,187 | 3.00%, 12/20/42, Pool #AA5872 | 170,949 | ||||
121,862 | 3.00%, 3/20/43, Pool #AA6146 | 111,557 | ||||
22,944 | 3.50%, 3/20/43, Pool #AD8884 | 22,008 | ||||
53,262 | 3.00%, 3/20/43, Pool #AD8812 | 50,040 | ||||
23,676 | 3.50%, 4/20/43, Pool #AD9075 | 22,708 | ||||
8,767 | 3.50%, 4/20/43, Pool #AB9891 | 8,409 | ||||
49,623 | 4.00%, 5/20/46, Pool #MA3664 | 48,877 | ||||
247,668 | 3.00%, 12/20/46, Pool #MA4126 | 229,119 | ||||
42,004 | 4.00%, 1/15/47, Pool #AX5857 | 40,398 | ||||
36,728 | 4.00%, 1/15/47, Pool #AX5831 | 35,278 | ||||
352,582 | 3.00%, 1/20/47, Pool #MA4195 | 326,168 | ||||
146,916 | 4.00%, 3/20/47, Pool #MA4322 | 144,414 | ||||
83,690 | 4.00%, 4/20/47, Pool #784304 | 80,257 | ||||
24,972 | 4.00%, 4/20/47, Pool #MA4383 | 24,547 | ||||
83,552 | 4.00%, 4/20/47, Pool #784303 | 80,116 | ||||
| 4.00%, 5/20/47, Pool #MA4452 | | ||||
17,652 | 3.50%, 2/20/48, Pool #MA5019 | 16,626 | ||||
13,695 | 4.00%, 4/20/48, Pool #BG7744 | 13,339 | ||||
16,092 | 4.00%, 4/20/48, Pool #BG3507 | 15,675 | ||||
2,791 | 3.50%, 12/20/49, Pool #BR8984 | 2,662 | ||||
7,023 | 3.50%, 12/20/49, Pool #BR8985 | 6,681 | ||||
3,340 | 3.50%, 12/20/49, Pool #BR8987 | 3,142 | ||||
595,802 | 2.00%, 11/20/50, Pool #MA6994 | 508,258 | ||||
1,043,372 | 2.00%, 1/20/51, Pool #MA7135 | 887,641 | ||||
1,817,176 | 2.00%, 2/20/51, Pool #MA7192 | 1,543,411 | ||||
1,113,111 | 2.50%, 7/20/51, Pool #MA7472 | 979,223 | ||||
68,063 | 2.50%, 12/20/51, Pool #MA7767 | 59,875 | ||||
1,400,000 | 3.50%, 4/20/53, TBA | 1,311,187 | ||||
1,250,000 | 4.00%, 4/20/53, TBA | 1,202,148 | ||||
450,000 | 2.00%, 4/20/53, TBA | 381,445 | ||||
1,450,000 | 3.00%, 4/20/53, TBA | 1,317,687 | ||||
1,225,000 | 2.50%, 4/20/53, TBA | 1,077,043 | ||||
3,200,000 | 4.50%, 4/20/53, TBA | 3,149,500 | ||||
3,550,000 | 2.50%, 5/20/53, TBA | 3,124,000 | ||||
3,700,000 | 3.50%, 5/20/53, TBA | 3,470,485 | ||||
4,775,000 | 3.00%, 5/20/53, TBA | 4,341,893 | ||||
4,800,000 | 2.00%, 5/20/53, TBA | 4,069,500 | ||||
3,900,000 | 2.50%, 6/20/53, TBA | 3,437,941 | ||||
4,450,000 | 2.00%, 6/20/53, TBA | 3,774,852 | ||||
|
|
|||||
36,850,131 | ||||||
|
|
|||||
Total U.S. Government Agency Mortgages |
198,223,784 | |||||
|
|
|||||
U.S. Treasury Obligations (16.9%): |
||||||
U.S. Treasury Bonds (6.3%) |
||||||
32,428,000 | 1.75%, 8/15/41 | 23,429,230 | ||||
3,796,700 | 3.38%, 8/15/42 | 3,558,220 | ||||
1,605,300 | 3.00%, 2/15/47 | 1,391,594 | ||||
66,722,000 | 2.00%, 8/15/51 | 46,705,400 | ||||
6,906,000 | 1.88%, 11/15/51 | 4,678,815 | ||||
7,300,000 | 2.25%, 2/15/52 | 5,417,969 | ||||
3,500,000 | 2.88%, 5/15/52 | 2,980,469 |
See accompanying notes to the schedules of portfolio investments.
123
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Treasury Obligations, continued |
||||||
U.S. Treasury Bonds, continued |
||||||
$15,000,000 | 3.63%, 2/15/53 | $ | 14,828,906 | |||
|
|
|||||
102,990,603 | ||||||
|
|
|||||
U.S. Treasury Notes (10.6%) |
||||||
52,500,000 | 0.75%, 5/31/26 | 47,709,375 | ||||
18,472,000 | 1.25%, 12/31/26 | 16,861,472 | ||||
5,255,200 | 1.25%, 5/31/28 | 4,667,275 | ||||
17,310,000 | 1.25%, 9/30/28 | 15,259,847 | ||||
26,000,000 | 4.00%, 2/28/30 | 26,666,250 | ||||
23,500,000 | 2.88%, 5/15/32 | 22,343,359 | ||||
8,600,000 | 4.13%, 11/15/32 | 9,030,000 | ||||
32,000,000 | 3.50%, 2/15/33 | 32,025,000 | ||||
|
|
|||||
174,562,578 | ||||||
|
|
|||||
Total U.S. Treasury Obligations (Cost $320,074,849) |
277,553,181 | |||||
|
|
Principal Amount | Value | |||||
Short-Term Security Held as Collateral for Securities on Loan (0.5%): | ||||||
8,468,970 | BlackRock Liquidity FedFund, Institutional Class , 2.54%(f)(g) | $ | 8,468,970 | |||
|
|
|||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $8,468,970) |
8,468,970 | |||||
|
|
|||||
Shares | ||||||
|
||||||
Unaffiliated Investment Company (5.7%): |
||||||
Money Markets (5.7%): |
||||||
93,096,799 | Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 4.43%(g) | 93,096,799 | ||||
|
|
|||||
Total Unaffiliated Investment Company |
93,096,799 | |||||
|
|
|||||
Total Investment Securities |
1,732,134,924 | |||||
Net other assets (liabilities) (5.4)% |
(88,988,523) | |||||
|
|
|||||
Net Assets 100.0% |
$ | 1,643,146,401 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023 | ||||
GO | - | General Obligation | ||
H15T1Y | - | 1 Year Treasury Constant Maturity Rate | ||
H15T5Y | - | 5 Year Treasury Constant Maturity Rate | ||
LIBOR | - | London Interbank Offered Rate | ||
MTN | | Medium Term Note | ||
SOFR | - | Secured Overnight Financing Rate | ||
TBA | - | To Be Announced Security | ||
US0001M | - | 1 Month US Dollar LIBOR | ||
US0003M | - | 3 Month US Dollar LIBOR | ||
USSW5 | - | USD 5 Year Swap Rate |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $8,177,617. |
+ | This security, in part or entirely, represents an unfunded loan commitment. |
| Represents less than 0.05%. |
* | Non-income producing security. |
(a) | Security was valued using unobservable inputs as of March 31, 2023. |
(b) | Rule 144A, Section 4(2) or other security which is restricted to resale to institutional investors. |
(c) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at March 31, 2023. |
(d) | 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 March 31, 2023, these securities represent 0.03% of the net assets of the fund. |
(e) | Defaulted bond. |
(f) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(g) | The rate represents the effective yield at March 31, 2023. |
Amounts shown as are either 0 or round to less than 1.
Futures Contracts
At March 31, 2023, the Funds open futures contracts were as follows:
Long Futures
Description | Expiration Date | Number of Contracts |
Notional Amount | Value and Unrealized Appreciation/ (Depreciation) |
||||||||||||
|
||||||||||||||||
S&P 500 Index E-Mini June Futures (U.S. Dollar) |
6/16/23 | 38 | $ | 7,861,725 | $ | 450,852 | ||||||||||
|
|
|||||||||||||||
$ | 450,852 | |||||||||||||||
|
|
See accompanying notes to the schedules of portfolio investments.
124
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (0.3%): |
| |||||
Oil, Gas & Consumable Fuels (0.3%): |
| |||||
22 | Amplify Energy Corp.* | $ | 151 | |||
1,149 | Denbury, Inc.* | 100,687 | ||||
5,889 | Sanchez Energy Corp.*(a) | 337,124 | ||||
|
|
|||||
Total Common Stocks (Cost $161,768) |
437,962 | |||||
|
|
|||||
Preferred Stock (0.0%): |
||||||
Electric Utilities (0.0%): |
||||||
300 | PG&E Corp., 8/16/23 | 42,699 | ||||
|
|
|||||
Total Preferred Stock (Cost $35,219) |
42,699 | |||||
|
|
|||||
Contracts |
Value | |||||
Warrant (0.0%): |
||||||
Oil, Gas & Consumable Fuels (0.0%): |
||||||
95 | California Resources Corp., 10/27/24* | 808 | ||||
|
|
|||||
Total Warrant (Cost $) |
808 | |||||
|
|
|||||
Principal Amount | Value | |||||
Asset Backed Securities (3.9%): |
||||||
$144,717 | Aaset Trust, Class A, Series 2019-1, 3.84%, 5/15/39(b) | 99,121 | ||||
274,939 | Aaset Trust, Class A, Series 2021-1A, 2.95%, 11/16/41(b) | 221,176 | ||||
731,000 | Aaset Trust, Class A, Series 2017-1A, 3.97%, 5/16/42(b) | 602,568 | ||||
511,908 | Aaset Trust, Class A, Series 2021-2A, 2.80%, 1/15/47(b) | 434,707 | ||||
124,414 | Aaset Trust, Class A, Series 2020-1A, 3.35%, 1/16/40(b) | 100,678 | ||||
343,813 | Aaset Trust, Class A, Series 2019-2, 3.38%, 10/16/39(b) | 258,836 | ||||
209,785 | Aaset Trust, Class A, Series 2018-1A, 3.84%, 1/16/38(b) | 133,215 | ||||
138,939 | Aaset Trust, Class A, Series 2020-1A, 4.34%, 1/16/40(b) | 61,953 | ||||
412,505 | Blackbird Capital Aircraft, Class A, Series 2021-1A, 2.44%, 7/15/46, Callable 7/15/28 @ 100(b) | 356,487 | ||||
53,133 | Blackbird Capital Aircraft, Class AA, Series 2016-1A, 2.49%, 12/16/41, Callable 12/15/24 @ 100(b)(c) | 50,933 | ||||
516,753 | Blackbird Capital Aircraft, Class A, Series 2016-1A, 4.21%, 12/16/41, Callable 12/15/24 @ 100(b)(c) | 455,080 | ||||
315,795 | Castlelake Aircraft Structured Trust, Class A, Series 2019-1, 3.97%, 4/15/39(b) | 280,641 | ||||
194,879 | Castlelake Aircraft Structured Trust, Class A, Series 2018-1A, 4.13%, 6/15/43(b) | 176,442 | ||||
186,315 | Castlelake Aircraft Structured Trust, Class B, Series 2019-1, 5.10%, 4/15/39(b) | 134,870 | ||||
161,324 | Castlelake Aircraft Structured Trust, Class A, Series 2021-1A, 3.47%, 1/15/46(b) | 147,981 | ||||
516,324 | CF Hippolyta LLC, Class A1, Series 2021-A, 1.53%, 3/15/61, Callable 3/15/24 @ 100(b) | 456,952 | ||||
201,492 | Horizon Aircraft Finance, Ltd., Class A, Series 2018- 1, 4.46%, 12/15/38(b) | 167,871 | ||||
191,220 | Horizon Aircraft Finance, Ltd., Class A, Series 2019- 1, 3.72%, 7/15/39(b) | 158,194 | ||||
214,830 | Planet Fitness Master Issuer LLC, Class A2II, Series 2022-1A, 4.01%, 12/5/51, Callable 12/5/27 @ 100(b) | 173,906 |
Principal Amount | Value | |||||
Asset Backed Securities, continued |
| |||||
$251,460 | Planet Fitness Master Issuer LLC, Class A2I, Series 2022-1A, 3.25%, 12/5/51, Callable 12/5/24 @ 100(b) | $ | 219,921 | |||
326,048 | Planet Fitness Master Issuer LLC, Class A2, Series 1A, 3.86%, 12/5/49, Callable 12/5/25 @ 100(b) | 282,118 | ||||
332,589 | Project Silver, Class A, Series 2019-1, 3.97%, 7/15/44(b) | 281,552 | ||||
233,783 | Sapphire Aviation Finance, Ltd., Class B, Series 2020-1A, 4.34%, 3/15/40(b) | 164,241 | ||||
310,928 | Sapphire Aviation Finance, Ltd., Class A, Series 2020-1A, 3.23%, 3/15/40(b) | 260,315 | ||||
306,539 | Thunderbolt Aircraft Lease, Ltd., Class A, Series 2017-A, 4.21%, 5/17/32, Callable 4/15/24 @ 100(b) (c) | 271,948 | ||||
458,300 | Thunderbolt Aircraft Lease, Ltd., Class A, Series 2019-1, 3.67%, 11/15/39(b) | 354,541 | ||||
423,456 | Thunderbolt II Aircraft Lease, Ltd., Class A, Series 2018, 4.15%, 9/15/38(b)(c) | 348,347 | ||||
|
|
|||||
Total Asset Backed Securities (Cost $8,062,067) |
6,654,594 | |||||
|
|
|||||
Collateralized Mortgage Obligations (11.4%): |
||||||
273,000 | Allegro CLO XIII, Ltd., Class A, Series 2021-1A, 5.95%(US0003M+114bps), 7/20/34, Callable 7/20/23 @ 100(b) | 265,422 | ||||
254,000 | Allegro CLO XV, Ltd., Class A, Series 2022-1A, 6.14%(TSFR3M+150bps), 7/20/35, Callable 7/20/24 @ 100(b) | 248,900 | ||||
250,000 | Ares CLO, Ltd., Class AR2, Series 2015-2A, 6.04%(US0003M+125bps), 4/17/33, Callable 4/17/23 @ 100(b) | 245,325 | ||||
408,000 | Ares LVIII CLO, Ltd., Class AR, Series 2020-58A, 5.99%(TSFR3M+133bps), 1/15/35, Callable 1/15/24 @ 100(b) | 395,777 | ||||
227,000 | BAMLL Commercial Mortgage Securities Trust, Class A, Series 2022-DKLX, 5.98%(TSFR1M+115bps), 1/15/39(b) | 218,004 | ||||
100,000 | BAMLL Commercial Mortgage Securities Trust, Class C, Series 2022-DKLX, 6.98%(TSFR1M+215bps), 1/15/39(b) | 94,518 | ||||
273,000 | BAMLL Commercial Mortgage Securities Trust, Class ANM, Series 2019-BPR, 3.11%, 11/5/32(b) | 256,502 | ||||
100,000 | BAMLL Commercial Mortgage Securities Trust, Class BNM, Series 2019-BPR, 3.47%, 11/5/32(b) | 82,959 | ||||
201,000 | BFLD Trust, Class A, Series 2020-OBRK, 6.99%(US0001M+205bps), 11/15/28(b) | 199,916 | ||||
197,000 | BPR Trust, Class B, Series 2022-OANA, 7.27%(TSFR1M+245bps), 4/15/37(b) | 185,060 | ||||
160,611 | BX Commercial Mortgage Trust, Class C, Series 2022-LP2, 6.39%(TSFR1M+156bps), 2/15/39(b) | 150,833 | ||||
160,611 | BX Commercial Mortgage Trust, Class D, Series 2022-LP2, 6.79%(TSFR1M+196bps), 2/15/39(b) | 146,840 | ||||
185,000 | BX Commercial Mortgage Trust, Class D, Series 2019-IMC, 6.58%(US0001M+190bps), 4/15/34(b) | 175,009 | ||||
176,000 | BX Commercial Mortgage Trust, Class C, Series 2019-IMC, 6.28%(US0001M+160bps), 4/15/34(b) | 167,268 | ||||
266,000 | BX Commercial Mortgage Trust, Class B, Series 2019-IMC, 5.98%(US0001M+130bps), 4/15/34(b) | 254,783 | ||||
400,000 | BX Commercial Mortgage Trust, Class A, Series 2019-IMC, 5.68%(US0001M+100bps), 4/15/34(b) | 389,086 |
See accompanying notes to the schedules of portfolio investments.
125
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
| |||||
$160,611 | BX Commercial Mortgage Trust, Class B, Series 2022-LP2, 6.14%(TSFR1M+131bps), 2/15/39(b) | $ | 152,892 | |||
119,000 | BX Commercial Mortgage Trust, Class D, Series 2018-EXCL, 7.31%(US0001M+263bps), 9/15/37(b) | 109,854 | ||||
339,150 | BX Commercial Mortgage Trust, Class D, Series 2019-XL, 6.39%(US0001M+145bps), 10/15/36(b) | 329,623 | ||||
238,850 | BX Commercial Mortgage Trust, Class C, Series 2019-XL, 6.19%(US0001M+125bps), 10/15/36(b) | 233,468 | ||||
476,000 | BX Commercial Mortgage Trust, Class E, Series 2019-XL, 6.74%(US0001M+180bps), 10/15/36(b) | 462,242 | ||||
100,000 | BX Mortgage Trust, Class D, Series 2021-PAC, 5.98%(US0001M+130bps), 10/15/36(b) | 92,070 | ||||
302,000 | BX Mortgage Trust, Class E, Series 2021-PAC, 6.63%(US0001M+195bps), 10/15/36(b) | 278,239 | ||||
100,000 | BX Mortgage Trust, Class C, Series 2021-PAC, 5.78%(US0001M+110bps), 10/15/36(b) | 93,092 | ||||
36,410 | BX Trust, Class D, Series 2022-IND, 7.67%(TSFR1M+284bps), 4/15/24(b) | 34,076 | ||||
42,945 | BX Trust, Class C, Series 2022-IND, 7.12%(TSFR1M+229bps), 4/15/24(b) | 41,322 | ||||
177,096 | Cascade Funding Mortgage Trust, Class A, Series 2021-HB6, 0.90%, 6/25/36, Callable 4/25/23 @ 100(b)(c) |
167,916 | ||||
336,000 | Cedar Funding VI CLO, Ltd., Class AAA, Series 2016- 6A, 5.86%(US0003M+105bps), 4/20/34, Callable 4/20/23 @ 100(b) | 324,583 | ||||
264,000 | Cedar Funding X CLO, Ltd., Class AR, Series 2019- 10A, 5.91%(US0003M+110bps), 10/20/32, Callable 4/20/23 @ 100(b) | 258,256 | ||||
250,000 | Cedar Funding XII CLO, Ltd., Class A1R, Series 2020-12A, 5.95%(US0003M+113bps), 10/25/34, Callable 10/25/23 @ 100(b) | 242,432 | ||||
387,000 | Cedar Funding XV CLO, Ltd., Class A, Series 2022- 15A, 5.96%(TSFR3M+132bps), 4/20/35, Callable 4/20/24 @ 100(b) | 376,422 | ||||
122,078 | CHC Commercial Mortgage Trust, Class B, Series 2019-CHC, 6.18%(US0001M+150bps), 6/15/34(b) | 120,000 | ||||
622,301 | CHC Commercial Mortgage Trust, Class A, Series 2019-CHC, 5.80%(US0001M+112bps), 6/15/34(b) | 604,495 | ||||
137,958 | CHC Commercial Mortgage Trust, Class C, Series 2019-CHC, 6.43%(US0001M+175bps), 6/15/34(b) | 129,569 | ||||
55,544 | CIM Retail Portfolio Trust, Class D, Series 2021- RETL, 7.74%(US0001M+305bps), 8/15/36(b) | 53,775 | ||||
328,000 | Columbia Cent CLO 29, Ltd., Class AR, Series 2020- 29A, 5.98%(US0003M+117bps), 10/20/34, Callable 10/20/23 @ 100(b) | 317,842 | ||||
580,000 | Columbia Cent CLO 30, Ltd., Class A1, Series 2020- 30A, 6.12%(US0003M+131bps), 1/20/34, Callable 4/20/23 @ 100(b) | 567,215 | ||||
440,000 | Columbia Cent CLO 31, Ltd., Class A1, Series 2021- 31A, 6.01%(US0003M+120bps), 4/20/34, Callable 7/20/23 @ 100(b) | 426,893 | ||||
116,301 | Credit Suisse Mortgage Capital Certificates, Class A, Series 2020-NET, 2.26%, 8/15/37(b) | 104,500 | ||||
100,000 | CSMC Trust, Class B, Series 2018, 4.53%, 4/15/36(b) | 96,084 | ||||
1,384,000 | CSMC Trust, Class D, Series 2017-PFHP, 6.93%(US0001M+225bps), 12/15/30(b) | 1,308,472 | ||||
100,000 | CSMC Trust, Class C, Series 2018, 4.78%, 4/15/36(b) | 95,560 |
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
| |||||
$309,000 | CSMC Trust, Class A, Series 2018, 4.28%, 4/15/36(b) | $ | 297,897 | |||
128,000 | CSMC Trust, Class D, Series 2018, 4.78%, 4/15/36(b) | 119,482 | ||||
250,000 | Dryden 98 CLO, Ltd., Class A, Series 2022-98A, 5.94%(TSFR3M+130bps), 4/20/35, Callable 4/20/24 @ 100(b) | 242,736 | ||||
378,000 | Eaton Vance CLO, Ltd., Class AR, Series 2020-2A, 5.94%(US0003M+115bps), 1/15/35, Callable 1/15/24 @ 100(b) | 369,045 | ||||
250,000 | Eaton Vance CLO, Ltd., Class A13R, Series 2013-1A, 6.04%(US0003M+125bps), 1/15/34, Callable 4/15/23 @ 100(b) | 244,133 | ||||
131,786 | Extended Stay America Trust, Class D, Series 2021- ESH, 6.94%(US0001M+225bps), 7/15/38(b) | 125,515 | ||||
97,619 | Extended Stay America Trust, Class C, Series 2021- ESH, 6.39%(US0001M+170bps), 7/15/38(b) | 94,076 | ||||
250,000 | Flatiron CLO 19, Ltd., Class AR, Series 2019-1A, 5.95%(US0003M+108bps), 11/16/34, Callable 5/16/23 @ 100(b) | 244,910 | ||||
250,000 | Flatiron CLO 21, Ltd., Class A1, Series 2021-1A, 5.91%(US0003M+111bps), 7/19/34, Callable 7/19/23 @ 100(b) | 244,255 | ||||
100,000 | GS Mortgage Securities Corp. Trust, Class B, Series 2021-IP, 5.83%(US0001M+115bps), 10/15/36(b) | 93,458 | ||||
250,000 | Invesco CLO, Ltd., Class A, Series 2021-3A, 5.95%(US0003M+113bps), 10/22/34, Callable 10/22/23 @ 100(b) | 242,934 | ||||
97,000 | J.P. Morgan Chase Commercial Mortgage Securities Trust, Class DFX, Series 2018-WPT, 5.35%, 7/5/23, Callable 7/5/23 @ 100(b) | 89,140 | ||||
133,000 | J.P. Morgan Chase Commercial Mortgage Securities Trust, Class EFX, Series 2018-WPT, 5.54%, 7/5/23, Callable 7/5/23 @ 100(b) | 119,907 | ||||
63,000 | J.P. Morgan Chase Commercial Mortgage Securities Trust, Class CFX, Series 2018-WPT, 4.95%, 7/5/23, Callable 7/5/23 @ 100(b) | 58,870 | ||||
506,000 | KKR CLO 41, Ltd., Class A1, Series 2022-41A, 5.96%(TSFR3M+133bps), 4/15/35, Callable 4/15/24 @ 100(b) | 495,165 | ||||
173,000 | Life Mortgage Trust, Class D, Series 2022-BMR2, 7.37%(TSFR1M+254bps), 5/15/39, Callable 5/15/24 @ 100(b) | 165,207 | ||||
98,297 | Life Mortgage Trust, Class E, Series 2021-BMR, 6.69%(US0001M+175bps), 3/15/38(b) | 91,677 | ||||
98,297 | Life Mortgage Trust, Class D, Series 2021-BMR, 6.34%(US0001M+140bps), 3/15/38(b) | 92,902 | ||||
98,297 | Life Mortgage Trust, Class C, Series 2021-BMR, 6.04%(US0001M+110bps), 3/15/38(b) | 93,390 | ||||
194,000 | Life Mortgage Trust, Class C, Series 2022-BMR2, 6.92%(TSFR1M+209bps), 5/15/39, Callable 5/15/24 @ 100(b) | 186,722 | ||||
369,000 | Madison Park Funding LII, Ltd., Class A, Series 2021-52A, 5.92%(US0003M+110bps), 1/22/35, Callable 1/22/24 @ 100(b) | 356,584 | ||||
400,000 | Magnetite XXX, Ltd., Class A, Series 2021-30A, 5.95%(US0003M+113bps), 10/25/34, Callable 10/25/23 @ 100(b) | 389,708 | ||||
46,865 | Mesquite Energy, Inc., 15.00%, 7/15/23(a)(d)(e) | 286,945 | ||||
79,890 | Mesquite Energy, Inc., 15.00%, 7/15/23(a)(d)(e) | 489,150 |
See accompanying notes to the schedules of portfolio investments.
126
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Collateralized Mortgage Obligations, continued |
| |||||
$86,000 | Morgan Stanley Capital I Trust, Class B, Series 2019-Mead, 3.18%, 11/10/36, Callable 11/10/24 @ 100(b) | $ | 80,196 | |||
593,000 | Morgan Stanley Capital I Trust, Class A, Series 2019-Mead, 3.17%, 11/10/36, Callable 11/10/24 @ 100(b) | 558,285 | ||||
723,200 | Morgan Stanley Capital I Trust, Class C, Series 2018-BOP, 6.18%(US0001M+150bps), 6/15/35(b) | 578,560 | ||||
300,000 | Morgan Stanley Capital I Trust, Class B, Series 2018-BOP, 5.93%(US0001M+125bps), 6/15/35(b) | 268,938 | ||||
82,000 | Morgan Stanley Capital I Trust, Class C, Series 2019-Mead, 3.18%, 11/10/36, Callable 11/10/24 @ 100(b)(c) | 75,329 | ||||
24,835 | Prima Capital CRE Securitization, Class A, Series 2021-9A, 6.21%(US0001M+145bps), 12/15/37, Callable 12/25/23 @ 100(b) | 24,519 | ||||
420,000 | RR 7, Ltd., Class A1AB, Series 2019-7A, 6.00%(TSFR3M+134bps), 1/15/37, Callable 4/15/23 @ 100(b) | 413,540 | ||||
103,000 | SPGN Mortgage Trust, Class B, Series 2022-TFLM, 6.83%(TSFR1M+200bps), 2/15/39, Callable 2/15/24 @ 100(b) | 98,005 | ||||
53,000 | SPGN Mortgage Trust, Class C, Series 2022-TFLM, 7.48%(TSFR1M+265bps), 2/15/39, Callable 2/15/24 @ 100(b) | 49,680 | ||||
146,000 | SREIT Trust, Class C, Series 2021-MFP, 6.01%(US0001M+133bps), 11/15/38(b) | 137,113 | ||||
100,000 | SREIT Trust, Class D, Series 2021-MFP, 6.26%(US0001M+158bps), 11/15/38(b) | 93,337 | ||||
350,000 | Symphony CLO XXVI, Ltd., Class AR, Series 2021- 26A, 5.89%(US0003M+108bps), 4/20/33, Callable 4/20/23 @ 100(b) | 342,087 | ||||
20,000 | VLS Commercial Mortgage Trust, Class B, Series 2020-LAB, 2.45%, 10/10/42(b) | 14,961 | ||||
250,000 | Voya CLO, Ltd., Class AR, Series 2020-1A, 5.94%(US0003M+115bps), 7/16/34, Callable 7/16/23 @ 100(b) | 243,836 | ||||
516,000 | Voya CLO, Ltd., Class A, Series 2019-2, 6.08%(US0003M+127bps), 7/20/32, Callable 4/20/23 @ 100(b) | 509,853 | ||||
250,000 | Voya CLO, Ltd., Class A1R, Series 2020-2A, 5.96%(US0003M+116bps), 7/19/34, Callable 7/19/23 @ 100(b) | 244,481 | ||||
|
|
|||||
Total Collateralized Mortgage Obligations (Cost $19,705,637) |
19,463,622 | |||||
|
|
|||||
Convertible Bonds (0.1%): |
||||||
Entertainment (0.0%): |
||||||
17,000 | Live Nation Entertainment, Inc., 2.00%, 2/15/25 | 16,629 | ||||
|
|
|||||
Hotels, Restaurants & Leisure (0.0%): |
||||||
18,000 | Booking Holdings, Inc., 0.75%, 5/1/25 | 26,821 | ||||
15,000 | Vail Resorts, Inc., 4.33%, 1/1/26 | 13,347 | ||||
|
|
|||||
40,168 | ||||||
|
|
|||||
Leisure Products (0.0%): |
||||||
13,000 | Callaway Golf Co., 2.75%, 5/1/26 | 17,636 | ||||
|
|
|||||
Media (0.1%): |
||||||
35,000 | DISH Network Corp., 2.38%, 3/15/24 | 30,922 | ||||
89,000 | DISH Network Corp., 3.38%, 8/15/26 | 45,093 | ||||
|
|
|||||
76,015 | ||||||
|
|
Principal Amount | Value | |||||
Convertible Bonds, continued |
| |||||
Professional Services (0.0%): |
| |||||
$8,000 | FTI Consulting, Inc., 2.00%, 8/15/23 | $ | 15,565 | |||
13,000 | KBR, Inc., 2.50%, 11/1/23 | 28,111 | ||||
|
|
|||||
43,676 | ||||||
|
|
|||||
Semiconductors & Semiconductor Equipment (0.0%): |
| |||||
8,000 | ON Semiconductor Corp., 1.63%, 10/15/23 | 31,527 | ||||
|
|
|||||
Total Convertible Bonds (Cost $222,134) |
225,651 | |||||
|
|
|||||
Bank Loans (0.4%): |
||||||
Chemicals (0.0%): |
||||||
24,625 | Consolidated Energy Term Incr B 1Ln, 8.11% (LIBOR+350bps) | 23,886 | ||||
9,900 | Diversey Term B 1Ln, 7.07% (LIBOR+275bps), 9/29/28 | 9,855 | ||||
|
|
|||||
33,741 | ||||||
|
|
|||||
Construction & Engineering (0.0%): |
||||||
50,000 | Convergint Tech Term 2Ln, 8.07% (LIBOR+675bps), 3/31/29 | 43,709 | ||||
9,850 | Convergint Tech Term B 1Ln, 11.07% (LIBOR+375bps), 3/31/28 | 9,548 | ||||
|
|
|||||
53,257 | ||||||
|
|
|||||
Diversified Consumer Services (0.0%): |
||||||
5,000 | Ascend Learning Term 2Ln, 7.32% (LIBOR+575bps), 12/10/29 | 4,291 | ||||
74,250 | Ascend Learning Term B 1Ln, 7.71% (LIBOR+350bps), 12/10/28 | 68,403 | ||||
|
|
|||||
72,694 | ||||||
|
|
|||||
Health Care Providers & Services (0.1%): |
||||||
105,000 | Cano Health Term B, 0.00%, 11/23/27 | 77,700 | ||||
|
|
|||||
Hotels, Restaurants & Leisure (0.2%): |
||||||
108,900 | City Football Group Term B 1Ln, 8.36% (LIBOR+300bps), 7/21/28 | 103,591 | ||||
75,095 | Diamond Sports Group Term 2Ln, 10.07% (Term SOFR+335bps), 8/24/26 | 4,318 | ||||
156,412 | Golden Entertainment Term B 1Ln, 7.82% (LIBOR+300bps), 10/20/24 | 156,021 | ||||
|
|
|||||
263,930 | ||||||
|
|
|||||
Industrial Products (0.0%): |
||||||
49,875 | Westinghouse Term 1Ln, 12.32% (Term SOFR+375bps), 8/1/25 | 49,725 | ||||
|
|
|||||
Media (0.0%): |
||||||
19,900 | Authentic Brands Term B1 1Ln, 7.86% (Term SOFR+350bps), 12/21/28 | 19,568 | ||||
|
|
|||||
Software (0.0%): |
||||||
6,771 | Ion Analytics Term 1Ln, 7.82% (Term SOFR+400bps), 2/16/28 | 6,520 | ||||
|
|
|||||
Software & Tech Services (0.1%): |
||||||
48,787 | athenahealth Term B 1Ln, 7.32% (Term SOFR+350bps), 2/15/29 | 45,615 | ||||
5,978 | athenahealth Term DD 1Ln, 4.32% (LIBOR+350bps), 2/15/29+ | 5,590 | ||||
125,000 | Nielsen Holdings Term B 1Ln, 4.36% (Term SOFR+0bps), 4/11/29 | 112,188 | ||||
|
|
|||||
163,393 | ||||||
|
|
|||||
Total Bank Loans (Cost $813,667) |
740,528 | |||||
|
|
See accompanying notes to the schedules of portfolio investments.
127
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds (32.3%): |
| |||||
Aerospace & Defense (0.6%): |
| |||||
$214,000 | Boeing Co. (The), 5.15%, 5/1/30, Callable 2/1/30 @ 100 | $ | 215,639 | |||
100,000 | Boeing Co. (The), 5.71%, 5/1/40, Callable 11/1/39 @ 100 | 101,253 | ||||
200,000 | Boeing Co. (The), 5.81%, 5/1/50, Callable 11/1/49 @ 100 | 199,804 | ||||
55,000 | BWX Technologies, Inc., 4.13%, 6/30/28, Callable 6/30/23 @ 102.06(b) | 49,638 | ||||
30,000 | Howmet Aerospace, Inc., 5.95%, 2/1/37 | 30,225 | ||||
30,000 | Moog, Inc., 4.25%, 12/15/27, Callable 5/11/23 @ 103.19(b) | 27,787 | ||||
60,000 | TransDigm UK Holdings plc, 6.88%, 5/15/26, Callable 5/11/23 @ 103.44 | 59,100 | ||||
60,000 | TransDigm, Inc., 6.38%, 6/15/26, Callable 5/11/23 @ 101.59 | 58,500 | ||||
55,000 | TransDigm, Inc., 7.50%, 3/15/27, Callable 5/11/23 @ 101.88 | 54,725 | ||||
160,000 | TransDigm, Inc., 5.50%, 11/15/27, Callable 5/11/23 @ 102.75 | 148,000 | ||||
|
|
|||||
944,671 | ||||||
|
|
|||||
Air Freight & Logistics (0.0%): |
||||||
45,000 | Cargo Aircraft Management, Inc., 4.75%, 2/1/28, Callable 4/26/23 @ 102.38(b) | 39,600 | ||||
38,000 | XPO Logistics, Inc., 6.25%, 5/1/25, Callable 5/11/23 @ 101.56(b) | 37,573 | ||||
|
|
|||||
77,173 | ||||||
|
|
|||||
Automobile Components (0.2%): |
||||||
25,000 | Dana, Inc., 4.50%, 2/15/32, Callable 2/15/27 @ 102.25 | 19,938 | ||||
213,000 | Magallanes, Inc., 3.76%, 3/15/27, Callable 2/15/27 @ 100(b) | 199,527 | ||||
25,000 | Magic Mergeco, Inc., 5.25%, 5/1/28, Callable 11/1/23 @ 102.63(b) | 20,750 | ||||
30,000 | Thor Industries, Inc., 4.00%, 10/15/29, Callable 10/15/24 @ 102(b) | 24,375 | ||||
|
|
|||||
264,590 | ||||||
|
|
|||||
Banks (4.0%): |
||||||
612,000 | Bank of America Corp., Series L, 3.95%, 4/21/25 | 592,088 | ||||
128,000 | Bank of America Corp., Series G, 4.45%, 3/3/26 | 124,818 | ||||
1,490,000 | Bank of America Corp., 5.02% (SOFR+216 bps), 7/22/33, Callable 7/22/32 @ 100 | 1,468,975 | ||||
120,000 | CIT Group, Inc., 6.13%, 3/9/28 | 114,108 | ||||
770,000 | Citigroup, Inc., 4.30%, 11/20/26 | 744,893 | ||||
500,000 | Citigroup, Inc., 4.91% (SOFR+209 bps), 5/24/33, Callable 5/24/32 @ 100 | 489,012 | ||||
100,000 | Citizens Financial Group, Inc., 2.64%, 9/30/32, Callable 7/2/32 @ 100 | 71,133 | ||||
125,000 | JPMorgan Chase & Co., 2.96% (SOFR+252 bps), 5/13/31, Callable 5/13/30 @ 100 | 107,850 | ||||
1,600,000 | JPMorgan Chase & Co., 4.59% (SOFR+180 bps), 4/26/33, Callable 4/26/32 @ 100 | 1,540,574 | ||||
449,000 | Wells Fargo & Co., 3.53% (SOFR+151 bps), 3/24/28, Callable 3/24/27 @ 100 | 423,227 | ||||
1,100,000 | Wells Fargo & Co., 4.90% (SOFR+210 bps), 7/25/33, Callable 7/25/32 @ 100 | 1,071,231 | ||||
|
|
|||||
6,747,909 | ||||||
|
|
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Beverages (0.5%): |
||||||
$250,000 | Anheuser-Busch InBev Worldwide, Inc., 3.50%, 6/1/30, Callable 3/1/30 @ 100 | $ | 235,490 | |||
509,000 | Anheuser-Busch InBev Worldwide, Inc., 4.75%, 4/15/58, Callable 10/15/57 @ 100 | 479,875 | ||||
100,000 | Anheuser-Busch InBev Worldwide, Inc., 5.80%, 1/23/59, Callable 7/23/58 @ 100 | 108,484 | ||||
65,000 | Triton Water Holdings, Inc., 6.25%, 4/1/29, Callable 4/1/24 @ 103.13(b) | 51,512 | ||||
|
|
|||||
875,361 | ||||||
|
|
|||||
Biotechnology (0.4%): |
||||||
154,000 | Amgen, Inc., 5.25%, 3/2/30, Callable 1/2/30 @ 100 | 157,289 | ||||
174,000 | Amgen, Inc., 5.25%, 3/2/33, Callable 12/2/32 @ 100 | 178,588 | ||||
165,000 | Amgen, Inc., 5.60%, 3/2/43, Callable 9/2/42 @ 100 | 169,950 | ||||
245,000 | Emergent BioSolutions, Inc., 3.88%, 8/15/28, Callable 8/15/23 @ 101.94(b) | 116,375 | ||||
|
|
|||||
622,202 | ||||||
|
|
|||||
Building Products (0.1%): |
||||||
110,000 | Advanced Drainage Systems, Inc., 5.00%, 9/30/27, Callable 4/26/23 @ 102.5(b) | 104,500 | ||||
25,000 | Builders FirstSource, Inc., 4.25%, 2/1/32, Callable 8/1/26 @ 102.13(b) | 21,625 | ||||
15,000 | Roller Bearing Co. of America, Inc., 4.38%, 10/15/29, Callable 10/15/24 @ 102.19(b) | 13,294 | ||||
|
|
|||||
139,419 | ||||||
|
|
|||||
Capital Markets (2.6%): |
||||||
340,000 | Affiliated Managers Group, Inc., 3.50%, 8/1/25 | 326,015 | ||||
540,000 | Ares Capital Corp., 3.88%, 1/15/26, Callable 12/15/25 @ 100 | 498,225 | ||||
20,000 | Charles Schwab Corp. (The), 5.38% (H15T5Y+497 bps), 12/31/99, Callable 6/1/25 @ 100 | 18,950 | ||||
40,000 | Charles Schwab Corp. (The), 4.00% (H15T10Y+308 bps), 12/31/99, Callable 12/1/30 @ 100 | 31,500 | ||||
140,000 | Coinbase Global, Inc., 3.38%, 10/1/28, Callable 10/1/24 @ 101.69(b) | 85,400 | ||||
530,000 | Goldman Sachs Group, Inc. (The), 3.80%, 3/15/30, Callable 12/15/29 @ 100 | 491,793 | ||||
770,000 | Goldman Sachs Group, Inc. (The), 3.10% (SOFR+141 bps), 2/24/33, Callable 2/24/32 @ 100 | 655,700 | ||||
90,000 | Goldman Sachs Group, Inc. (The), 6.75%, 10/1/37 | 97,338 | ||||
10,000 | LCM Investments Holdings II LLC, 4.88%, 5/1/29, Callable 5/1/24 @ 102.44(b) | 8,350 | ||||
25,000 | ModivCare Escrow Issuer, Inc., 5.00%, 10/1/29, Callable 10/1/24 @ 102.5(b) | 21,375 | ||||
1,440,000 | Morgan Stanley, 6.34% (SOFR+256 bps), 10/18/33, Callable 10/18/32 @ 100 | 1,571,213 | ||||
45,000 | MSCI, Inc., 3.25%, 8/15/33, Callable 8/15/27 @ 101.63(b) | 36,506 | ||||
80,000 | Navios South American Logistics, Inc./Navios Logistics Finance US, Inc., 10.75%, 7/1/25, Callable 5/11/23 @ 108.06(b) | 78,312 | ||||
85,000 | Olympus Water US Holding Corp., 4.25%, 10/1/28, Callable 10/1/24 @ 102.13(b) | 69,594 | ||||
230,000 | Pine Street Trust I, 4.57%, 2/15/29, Callable 11/15/28 @ 100(b) | 214,277 | ||||
250,000 | Pine Street Trust II, 5.57%, 2/15/49, Callable 8/15/48 @ 100(b) | 214,899 |
See accompanying notes to the schedules of portfolio investments.
128
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Capital Markets, continued |
| |||||
$20,000 | Real Hero Merger Sub 2, Inc., 6.25%, 2/1/29, Callable 2/1/24 @ 103.13(b) | $ | 14,850 | |||
35,000 | Victors Merger Corp., 6.38%, 5/15/29, Callable 5/15/24 @ 103.19(b) | 20,300 | ||||
|
|
|||||
4,454,597 | ||||||
|
|
|||||
Chemicals (0.3%): |
||||||
16,000 | CF Industries, Inc., 4.95%, 6/1/43 | 13,720 | ||||
170,000 | Chemours Co. (The), 5.38%, 5/15/27, Callable 2/15/27 @ 100^ | 157,037 | ||||
75,000 | Chemours Co. (The), 5.75%, 11/15/28, Callable 11/15/23 @ 102.88(b) | 65,906 | ||||
25,000 | Diamond BC BV, 4.63%, 10/1/29, Callable 10/1/24 @ 102.31(b) | 24,250 | ||||
50,000 | LSB Industries, Inc., 6.25%, 10/15/28, Callable 10/15/24 @ 103.13(b) | 44,625 | ||||
25,000 | Scotts Miracle-Gro Co. (The), 4.38%, 2/1/32, Callable 8/1/26 @ 102.19 | 20,031 | ||||
35,000 | Valvoline, Inc., 4.25%, 2/15/30, Callable 2/15/25 @ 102.13(b) | 34,344 | ||||
50,000 | Valvoline, Inc., 3.63%, 6/15/31, Callable 6/15/26 @ 101.81(b) | 42,375 | ||||
55,000 | WR Grace Holdings LLC, 5.63%, 8/15/29, Callable 8/15/24 @ 102.81(b) | 46,063 | ||||
15,000 | WR Grace Holdings LLC, 7.38%, 3/1/31, Callable 3/1/26 @ 103.69(b) | 15,019 | ||||
|
|
|||||
463,370 | ||||||
|
|
|||||
Commercial Services & Supplies (0.2%): |
||||||
25,000 | ADT Security Corp. (The), 4.13%, 8/1/29, Callable 8/1/28 @ 100(b) | 22,281 | ||||
70,000 | Aramark Services, Inc., 5.00%, 2/1/28, Callable 5/11/23 @ 102.5(b) | 66,063 | ||||
25,000 | Clean Harbors, Inc., 6.38%, 2/1/31, Callable 2/1/26 @ 103.19(b) | 25,406 | ||||
110,000 | CoreCivic, Inc., 8.25%, 4/15/26, Callable 4/15/24 @ 104.13 | 110,825 | ||||
56,000 | GEO Group, Inc. (The), 10.50%, 6/30/28, Callable 4/21/23 @ 103 | 56,840 | ||||
35,000 | Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc., 5.00%, 2/1/26, Callable 5/11/23 @ 102.5(b) | 31,062 | ||||
35,000 | Pitney Bowes, Inc., 6.88%, 3/15/27, Callable 3/15/24 @ 103.44(b) | 27,694 | ||||
50,000 | Stericycle, Inc., 3.88%, 1/15/29, Callable 11/15/23 @ 101.94(b) | 43,875 | ||||
|
|
|||||
384,046 | ||||||
|
|
|||||
Communication Services (0.4%): |
||||||
74,000 | Magallanes, Inc., 4.05%, 3/15/29, Callable 1/15/29 @ 100(b) | 68,677 | ||||
310,000 | Magallanes, Inc., 4.28%, 3/15/32, Callable 12/15/31 @ 100(b) | 276,117 | ||||
234,000 | Magallanes, Inc., 5.14%, 3/15/52, Callable 9/15/51 @ 100(b) | 188,501 | ||||
155,000 | Warnermedia Holdings, Inc., 5.05%, 3/15/42, Callable 9/15/41 @ 100(b) | 129,345 | ||||
|
|
|||||
662,640 | ||||||
|
|
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Communications Equipment (0.1%): |
| |||||
$90,000 | CommScope, Inc., 4.75%, 9/1/29, Callable 9/1/24 @ 102.38(b) | $ | 74,700 | |||
50,000 | Viavi Solutions, Inc., 3.75%, 10/1/29, Callable 10/1/24 @ 101.88(b) | 42,625 | ||||
|
|
|||||
117,325 | ||||||
|
|
|||||
Construction & Engineering (0.2%): |
||||||
40,000 | Arcosa, Inc., 4.38%, 4/15/29, Callable 4/15/24 @ 102.19(b) | 35,650 | ||||
140,000 | Brand Industrial Services, Inc., 8.50%, 7/15/25, Callable 5/11/23 @ 102.13(b) | 123,200 | ||||
45,000 | Dycom Industries, Inc., 4.50%, 4/15/29, Callable 4/15/24 @ 102.25(b) | 40,612 | ||||
35,000 | Global Infrastructure Solutions, Inc., 5.63%, 6/1/29, Callable 6/1/24 @ 102.81(b) | 28,919 | ||||
35,000 | Great Lakes Dredge & Dock Corp., 5.25%, 6/1/29, Callable 6/1/24 @ 102.63^(b) | 26,425 | ||||
150,000 | Pike Corp., 5.50%, 9/1/28, Callable 9/1/23 @ 102.75(b) | 130,500 | ||||
|
|
|||||
385,306 | ||||||
|
|
|||||
Consumer Discretionary Services (0.0%): |
||||||
70,000 | Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., 6.75%, 1/15/30, Callable 1/15/25 @ 103.38(b) | 57,575 | ||||
|
|
|||||
Consumer Finance (2.2%): |
||||||
370,000 | Ally Financial, Inc., 7.10%, 11/15/27, Callable 10/15/27 @ 100 | 375,722 | ||||
85,000 | Ally Financial, Inc., 4.70% (H15T5Y+387 bps), 12/31/99, Callable 5/15/26 @ 100 | 60,044 | ||||
636,000 | Capital One Financial Corp., 3.80%, 1/31/28, Callable 12/31/27 @ 100 | 582,261 | ||||
440,000 | Capital One Financial Corp., 5.25% (SOFR+260 bps), 7/26/30, Callable 7/26/29 @ 100 | 414,150 | ||||
250,000 | Discover Bank, Series B, 4.68% (USSW5+173 bps), 8/9/28, Callable 8/9/23 @ 100 | 231,028 | ||||
355,000 | Discover Financial Services, 4.10%, 2/9/27, Callable 11/9/26 @ 100 | 332,696 | ||||
215,000 | Ford Motor Credit Co LLC, 4.00%, 11/13/30, Callable 8/13/30 @ 100 | 182,486 | ||||
940,000 | Ford Motor Credit Co. LLC, 4.06%, 11/1/24, Callable 10/1/24 @ 100 | 897,422 | ||||
80,000 | Ford Motor Credit Co. LLC, 5.13%, 6/16/25, Callable 5/16/25 @ 100 | 78,158 | ||||
110,000 | OneMain Finance Corp., 3.50%, 1/15/27, Callable 1/15/24 @ 101.75 | 91,987 | ||||
75,000 | OneMain Finance Corp., 4.00%, 9/15/30, Callable 9/15/25 @ 102 | 56,250 | ||||
470,000 | Synchrony Financial, 3.95%, 12/1/27, Callable 9/1/27 @ 100 | 397,794 | ||||
|
|
|||||
3,699,998 | ||||||
|
|
|||||
Consumer Staple Products (0.1%): |
||||||
180,000 | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 5.75%, 4/1/33, Callable 1/1/33 @ 100(b) | 172,125 | ||||
|
|
|||||
Consumer Staples Distribution & Retail (0.3%): |
||||||
35,000 | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 4.63%, 1/15/27, Callable 5/11/23 @ 103.47(b) | 33,600 |
See accompanying notes to the schedules of portfolio investments.
129
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Consumer Staples Distribution & Retail, continued |
| |||||
$80,000 | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 3.50%, 3/15/29, Callable 9/15/23 @ 101.75(b) | $ | 69,400 | |||
50,000 | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 4.88%, 2/15/30, Callable 2/15/25 @ 103.66(b) | 46,437 | ||||
65,000 | Performance Food Group, Inc., 6.88%, 5/1/25, Callable 5/11/23 @ 101.72^(b) | 65,325 | ||||
30,000 | Performance Food Group, Inc., 4.25%, 8/1/29, Callable 8/1/24 @ 102.13(b) | 27,038 | ||||
70,000 | Sysco Corp., 5.95%, 4/1/30, Callable 1/1/30 @ 100 | 74,980 | ||||
100,000 | Sysco Corp., 6.60%, 4/1/50, Callable 10/1/49 @ 100 | 113,591 | ||||
30,000 | United Natural Foods, Inc., 6.75%, 10/15/28, Callable 10/15/23 @ 103.38(b) | 27,900 | ||||
25,000 | US Foods, Inc., 4.63%, 6/1/30, Callable 6/1/25 @ 102.31(b) | 22,469 | ||||
|
|
|||||
480,740 | ||||||
|
|
|||||
Containers & Packaging (0.1%): |
||||||
5,000 | Ardagh Packaging Finance plc/Ardagh Holdings USA, Inc., 4.13%, 8/15/26, Callable 4/21/23 @ 102.06(b) | 4,675 | ||||
35,000 | Ball Corp., 3.13%, 9/15/31, Callable 6/15/31 @ 100 | 28,962 | ||||
30,000 | Graphic Packaging International LLC, 3.75%, 2/1/30, Callable 8/1/29 @ 100(b) | 26,062 | ||||
35,000 | Mauser Packaging Solutions Holding Co., 7.88%, 8/15/26, Callable 8/15/24 @ 103.94(b) | 35,000 | ||||
25,000 | Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 2/1/28, Callable 2/1/25 @ 103.06(b) | 25,188 | ||||
|
|
|||||
119,887 | ||||||
|
|
|||||
Diversified Consumer Services (0.1%): |
||||||
39,000 | Adtalem Global Education, Inc., 5.50%, 3/1/28, Callable 3/1/24 @ 102.75(b) | 36,855 | ||||
32,000 | Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, 4.63%, 6/1/28, Callable 6/1/24 @ 102.31(b) | 26,680 | ||||
61,000 | APX Group, Inc., 6.75%, 2/15/27, Callable 5/11/23 @ 103.38(b) | 60,390 | ||||
|
|
|||||
123,925 | ||||||
|
|
|||||
Diversified REITs (3.0%): |
||||||
150,000 | American Homes 4 Rent LP, 3.63%, 4/15/32, Callable 1/15/32 @ 100 | 129,676 | ||||
100,000 | Boston Properties LP, 6.75%, 12/1/27, Callable 11/1/27 @ 100 | 98,356 | ||||
421,000 | Brandywine Operating Partners LP, 3.95%, 11/15/27, Callable 8/15/27 @ 100 | 320,685 | ||||
288,000 | Brandywine Operating Partnership LP, 7.55%, 3/15/28, Callable 2/15/28 @ 100 | 257,760 | ||||
98,000 | Corporate Office Properties LP, 2.25%, 3/15/26, Callable 2/15/26 @ 100 | 87,272 | ||||
85,000 | Corporate Office Properties LP, 2.75%, 4/15/31, Callable 1/15/31 @ 100 | 62,933 | ||||
30,000 | CTR Partnership LP/CareTrust Capital Corp., 3.88%, 6/30/28, Callable 3/30/28 @ 100(b) | 25,364 | ||||
75,000 | Global Net Lease, Inc./Global Net Lease Operating Partnership LP, 3.75%, 12/15/27, Callable 9/15/27 @ 100(b) | 59,284 | ||||
98,000 | Healthcare Trust of America Holdings LP, 3.10%, 2/15/30, Callable 11/15/29 @ 100 | 84,737 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Diversified REITs, continued |
| |||||
$290,000 | Hudson Pacific Properties LP, 4.65%, 4/1/29, Callable 1/1/29 @ 100 | $ | 193,554 | |||
135,000 | Lexington Realty Trust, 4.40%, 6/15/24, Callable 3/15/24 @ 100 | 132,310 | ||||
140,000 | MPT Operating Partnership LP/MPT Finance Corp., 5.00%, 10/15/27, Callable 5/11/23 @ 102.5 | 115,150 | ||||
150,000 | MPT Operating Partnership LP/MPT Finance Corp., 3.50%, 3/15/31, Callable 3/15/26 @ 101.75 | 99,562 | ||||
900,000 | Omega Healthcare Investors, Inc., 4.50%, 4/1/27, Callable 1/1/27 @ 100 | 849,360 | ||||
435,000 | Omega Healthcare Investors, Inc., 3.63%, 10/1/29, Callable 7/1/29 @ 100 | 364,899 | ||||
35,000 | Piedmont Operating Partnership LP, 2.75%, 4/1/32, Callable 1/1/32 @ 100 | 24,170 | ||||
22,000 | Retail Properties of America, Inc., 4.75%, 9/15/30, Callable 6/15/30 @ 100 | 19,784 | ||||
230,000 | Sabra Health Care LP, 3.20%, 12/1/31, Callable 9/1/31 @ 100 | 167,823 | ||||
55,000 | Service Properties Trust, 5.50%, 12/15/27, Callable 9/15/27 @ 100 | 49,087 | ||||
60,000 | Service Properties Trust, 4.95%, 10/1/29, Callable 7/1/29 @ 100 | 45,300 | ||||
112,000 | STORE Capital Corp., 2.75%, 11/18/30, Callable 8/18/30 @ 100 | 81,819 | ||||
87,000 | Sun Communities Operating LP, 2.30%, 11/1/28, Callable 9/1/28 @ 100 | 74,100 | ||||
232,000 | Sun Communities Operating LP, 2.70%, 7/15/31, Callable 4/15/31 @ 100 | 186,960 | ||||
387,000 | Tanger Properties LP, 3.13%, 9/1/26, Callable 6/1/26 @ 100 | 355,239 | ||||
237,000 | Tanger Properties LP, 2.75%, 9/1/31, Callable 6/1/31 @ 100 | 169,593 | ||||
70,000 | Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC, 6.00%, 1/15/30, Callable 1/15/25 @ 103(b) | 40,950 | ||||
631,000 | Ventas Realty LP, 4.75%, 11/15/30, Callable 8/15/30 @ 100 | 604,647 | ||||
50,000 | Vornado Realty LP, 2.15%, 6/1/26, Callable 5/1/26 @ 100 | 40,157 | ||||
300,000 | WP Carey, Inc., 4.00%, 2/1/25, Callable 11/1/24 @ 100 | 294,339 | ||||
101,000 | WP Carey, Inc., 3.85%, 7/15/29, Callable 4/15/29 @ 100 | 92,857 | ||||
|
|
|||||
5,127,727 | ||||||
|
|
|||||
Diversified Telecommunication Services (0.5%): |
||||||
110,000 | AT&T, Inc., 4.30%, 2/15/30, Callable 11/15/29 @ 100 | 106,969 | ||||
410,000 | AT&T, Inc., 5.15%, 11/15/46, Callable 5/15/46 @ 100 | 391,887 | ||||
40,000 | Consolidated Communications, Inc., 5.00%, 10/1/28, Callable 10/1/23 @ 103.75(b) | 26,800 | ||||
30,000 | Front Range BidCo, Inc., 6.13%, 3/1/28, Callable 5/11/23 @ 103.06(b) | 18,188 | ||||
25,000 | Frontier Communications Corp., 5.88%, 10/15/27, Callable 10/15/23 @ 102.94(b) | 22,781 | ||||
8,244 | Frontier Communications Holdings LLC, 5.88%, 11/1/29, Callable 11/1/24 @ 102.94 | 6,286 | ||||
299,000 | Verizon Communications, Inc., 2.55%, 3/21/31, Callable 12/21/30 @ 100 | 253,202 |
See accompanying notes to the schedules of portfolio investments.
130
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Diversified Telecommunication Services, continued |
| |||||
$25,000 | Zayo Group Holdings, Inc., 4.00%, 3/1/27, Callable 5/11/23 @ 100(b) | $ | 19,000 | |||
|
|
|||||
845,113 | ||||||
|
|
|||||
Electric Utilities (0.7%): |
||||||
96,000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27, Callable 5/11/23 @ 103.38(b) | 89,040 | ||||
20,000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 4.25%, 10/15/27, Callable 10/15/23 @ 102.13(b) | 17,900 | ||||
70,000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 5.88%, 11/1/29, Callable 11/1/24 @ 102.94(b) | 59,150 | ||||
130,000 | Cleco Corporate Holdings LLC, 3.38%, 9/15/29, Callable 6/15/29 @ 100 | 111,776 | ||||
160,000 | Duquesne Light Holdings, Inc., 2.78%, 1/7/32, Callable 10/7/31 @ 100(b) | 128,576 | ||||
110,000 | Exelon Corp., 4.05%, 4/15/30, Callable 1/15/30 @ 100 | 104,304 | ||||
45,000 | Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, 1/15/27, Callable 1/15/24 @ 104 | 44,100 | ||||
29,000 | NextEra Energy Operating Partners LP, 4.25%, 9/15/24, Callable 7/15/24 @ 100(b) | 27,767 | ||||
40,000 | NRG Energy, Inc., 5.75%, 1/15/28, Callable 4/26/23 @ 102.88 | 38,900 | ||||
30,000 | NRG Energy, Inc., 3.38%, 2/15/29, Callable 2/15/24 @ 101.69(b) | 24,900 | ||||
55,000 | NRG Energy, Inc., 3.63%, 2/15/31, Callable 2/15/26 @ 101.81(b) | 44,138 | ||||
67,042 | NSG Holdings LLC/NSG Holdings, Inc., 7.75%, 12/15/25(b) | 66,204 | ||||
210,000 | Pacific Gas and Electric Co., 4.95%, 7/1/50, Callable 1/1/50 @ 100 | 172,496 | ||||
140,000 | PG&E Corp., 5.25%, 7/1/30, Callable 7/1/25 @ 102.63 | 129,150 | ||||
19,655 | Topaz Solar Farms LLC, 5.75%, 9/30/39(b) | 18,476 | ||||
110,000 | Vistra Operations Co. LLC, 5.00%, 7/31/27, Callable 4/21/23 @ 102.5(b) | 103,400 | ||||
|
|
|||||
1,180,277 | ||||||
|
|
|||||
Electrical Equipment (0.1%): |
||||||
35,000 | Artera Services LLC, 9.03%, 12/4/25, Callable 5/11/23 @ 104.52(b) | 30,100 | ||||
45,000 | Sensata Technologies BV, 4.00%, 4/15/29, Callable 4/15/24 @ 102(b) | 40,444 | ||||
60,000 | Vertiv Group Corp., 4.13%, 11/15/28, Callable 11/15/24 @ 102.06(b) | 52,650 | ||||
|
|
|||||
123,194 | ||||||
|
|
|||||
Electronic Equipment, Instruments & Components (0.1%): |
| |||||
110,000 | II-VI, Inc., 5.00%, 12/15/29, Callable 12/14/24 @ 102.5(b) | 99,413 | ||||
|
|
|||||
Energy Equipment & Services (0.0%): |
||||||
70,000 | Transocean, Inc., 8.75%, 2/15/30, Callable 2/15/26 @ 104.38(b) | 71,225 | ||||
|
|
|||||
Entertainment (0.0%): |
||||||
60,000 | ROBLOX Corp., 3.88%, 5/1/30, Callable 11/1/24 @ 101.94(b) | 51,450 | ||||
|
|
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Financial Services (0.4%): |
| |||||
$15,000 | Clydesdale Acquisition Holdings, Inc., 6.63%, 4/15/29, Callable 4/15/25 @ 103.31(b) | $ | 14,438 | |||
60,000 | Cobra AcquisitionCo LLC, 6.38%, 11/1/29, Callable 11/1/24 @ 103.25(b) | 34,350 | ||||
75,000 | Hightower Holding LLC, 6.75%, 4/15/29, Callable 4/15/24 @ 103.38(b) | 63,563 | ||||
70,000 | Jackson Financial, Inc., 5.17%, 6/8/27, Callable 5/8/27 @ 100^ | 69,840 | ||||
90,000 | Jackson Financial, Inc., 5.67%, 6/8/32, Callable 3/8/32 @ 100^ | 88,034 | ||||
30,000 | Jane Street Group/JSG Finance, Inc., 4.50%, 11/15/29, Callable 11/15/24 @ 102.25(b) | 26,887 | ||||
140,000 | Level 3 Financing, Inc., 4.25%, 7/1/28, Callable 7/1/23 @ 102.13(b) | 78,925 | ||||
20,000 | Level 3 Financing, Inc., 3.63%, 1/15/29, Callable 1/15/24 @ 101.81(b) | 11,000 | ||||
25,000 | OI European Group BV, 4.75%, 2/15/30, Callable 11/15/24 @ 102.38(b) | 22,875 | ||||
250,000 | Peachtree Funding Trust, 3.98%, 2/15/25(b) | 241,826 | ||||
|
|
|||||
651,738 | ||||||
|
|
|||||
Financials (0.4%): |
||||||
640,000 | Blackstone Private Credit Fund, 4.70%, 3/24/25^ | 611,779 | ||||
|
|
|||||
Food Products (0.4%): |
||||||
75,000 | C&S Group Enterprises LLC, 5.00%, 12/15/28, Callable 12/15/23 @ 102.5(b) | 57,281 | ||||
550,000 | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 3.00%, 5/15/32, Callable 2/15/32 @ 100(b) | 429,000 | ||||
110,000 | Pilgrims Pride Corp., 4.25%, 4/15/31, Callable 4/15/26 @ 102.13 | 96,800 | ||||
15,000 | Post Holdings, Inc., 5.63%, 1/15/28, Callable 4/26/23 @ 102.81(b) | 14,700 | ||||
28,000 | Post Holdings, Inc., 4.50%, 9/15/31, Callable 9/15/26 @ 102.25(b) | 24,640 | ||||
|
|
|||||
622,421 | ||||||
|
|
|||||
Ground Transportation (0.0%): |
||||||
25,000 | Uber Technologies, Inc., 4.50%, 8/15/29, Callable 8/15/24 @ 102.25(b) | 22,781 | ||||
|
|
|||||
Health Care (0.0%): |
||||||
50,000 | 180 Medical, Inc., 3.88%, 10/15/29, Callable 10/7/24 @ 101.94(b) | 44,125 | ||||
20,000 | US Renal Care, Inc., 10.63%, 7/15/27, Callable 5/11/23 @ 105.31(b) | 5,200 | ||||
|
|
|||||
49,325 | ||||||
|
|
|||||
Health Care Providers & Services (1.6%): |
||||||
30,000 | AHP Health Partners, Inc., 5.75%, 7/15/29, Callable 7/15/24 @ 102.88(b) | 25,200 | ||||
5,000 | Cano Health LLC, 6.25%, 10/1/28, Callable 10/1/24 @ 103.13(b) | 2,850 | ||||
30,000 | Centene Corp., 2.45%, 7/15/28, Callable 5/15/28 @ 100 | 25,988 | ||||
630,000 | Centene Corp., 4.63%, 12/15/29, Callable 12/15/24 @ 102.31 | 594,562 | ||||
360,000 | Centene Corp., 3.38%, 2/15/30, Callable 2/15/25 @ 101.69 | 313,200 | ||||
100,000 | CHS/Community Health Systems, Inc., 5.63%, 3/15/27, Callable 12/15/23 @ 102.81(b) | 86,500 |
See accompanying notes to the schedules of portfolio investments.
131
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Health Care Providers & Services, continued |
| |||||
$100,000 | CHS/Community Health Systems, Inc., 6.00%, 1/15/29, Callable 1/15/24 @ 103(b) | $ | 82,750 | |||
55,000 | CHS/Community Health Systems, Inc., 6.13%, 4/1/30, Callable 4/1/25 @ 103.06(b) | 33,413 | ||||
250,000 | Cigna Corp., 4.38%, 10/15/28, Callable 7/15/28 @ 100 | 246,023 | ||||
90,000 | Community Health Systems, Inc., 8.00%, 3/15/26, Callable 5/11/23 @ 102(b) | 86,175 | ||||
50,000 | CVS Health Corp., 3.63%, 4/1/27, Callable 2/1/27 @ 100 | 48,170 | ||||
130,000 | CVS Health Corp., 4.78%, 3/25/38, Callable 9/25/37 @ 100 | 123,291 | ||||
85,000 | DaVita, Inc., 4.63%, 6/1/30, Callable 6/1/25 @ 102.31(b) | 72,037 | ||||
25,000 | Garden Spinco Corp., 8.63%, 7/20/30, Callable 7/20/27 @ 102.16(b) | 26,750 | ||||
203,000 | HCA, Inc., 5.88%, 2/1/29, Callable 8/1/28 @ 100 | 206,553 | ||||
110,000 | HCA, Inc., 3.50%, 9/1/30, Callable 3/1/30 @ 100 | 97,625 | ||||
25,000 | HealthEquity, Inc., 4.50%, 10/1/29, Callable 10/1/24 @ 102.25(b) | 22,250 | ||||
64,000 | Humana, Inc., 3.70%, 3/23/29, Callable 2/23/29 @ 100 | 60,044 | ||||
60,000 | Molina Healthcare, Inc., 3.88%, 11/15/30, Callable 8/17/30 @ 100(b) | 52,350 | ||||
40,000 | Owens & Minor, Inc., 4.50%, 3/31/29, Callable 3/31/24 @ 102.25(b) | 31,800 | ||||
21,000 | Surgery Center Holdings, Inc., 6.75%, 7/1/25, Callable 5/11/23 @ 100(b) | 20,790 | ||||
195,000 | Tenet Healthcare Corp., 6.13%, 10/1/28, Callable 10/1/23 @ 103.06 | 186,225 | ||||
65,000 | Tenet Healthcare Corp., 4.38%, 1/15/30, Callable 12/1/24 @ 102.19 | 58,500 | ||||
181,000 | Toledo Hospital (The), Series B, 5.33%, 11/15/28 | 149,182 | ||||
35,000 | Toledo Hospital (The), 6.02%, 11/15/48 | 23,800 | ||||
|
|
|||||
2,676,028 | ||||||
|
|
|||||
Hotels, Restaurants & Leisure (0.6%): |
||||||
25,000 | Affinity Gaming, 6.88%, 12/15/27, Callable 12/1/23 @ 103.44(b) | 22,250 | ||||
65,000 | Caesars Entertainment, Inc., 4.63%, 10/15/29, Callable 10/15/24 @ 102.31(b) | 56,956 | ||||
130,000 | Carnival Corp., 10.50%, 2/1/26, Callable 8/1/23 @ 105.25(b) | 135,038 | ||||
45,000 | Carnival Corp., 10.50%, 6/1/30, Callable 6/1/25 @ 105.25^(b) | 43,200 | ||||
65,000 | Colt Merger Sub, Inc., 8.13%, 7/1/27, Callable 7/1/23 @ 104.06(b) | 66,300 | ||||
25,000 | Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc, 5.00%, 6/1/29, Callable 6/1/24 @ 102.5(b) | 22,125 | ||||
30,000 | Jacobs Entertainment, Inc., 6.75%, 2/15/29, Callable 2/15/25 @ 103.38(b) | 25,987 | ||||
25,000 | Marriott Ownership Resorts, Inc., 4.50%, 6/15/29, Callable 6/15/24 @ 102.25(b) | 21,281 | ||||
105,000 | MGM Resorts International, 5.75%, 6/15/25, Callable 3/15/25 @ 100 | 104,475 | ||||
45,000 | NCL Corp., Ltd., 3.63%, 12/15/24, Callable 4/21/23 @ 100.91(b) | 41,850 | ||||
75,000 | NCL Corp., Ltd., 5.88%, 2/15/27, Callable 2/15/24 @ 102.94(b) | 70,239 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Hotels, Restaurants & Leisure, continued |
| |||||
$55,000 | NCL Corp., Ltd., 8.38%, 2/1/28, Callable 2/1/25 @ 104.19(b) | $ | 55,138 | |||
25,000 | NCL Finance, Ltd., 6.13%, 3/15/28, Callable 12/15/27 @ 100(b) | 20,188 | ||||
37,000 | Royal Caribbean Cruises, Ltd., 11.50%, 6/1/25, Callable 4/21/23 @ 108.63(b) | 39,312 | ||||
40,000 | Royal Caribbean Cruises, Ltd., 5.50%, 8/31/26, Callable 2/28/26 @ 100(b) | 36,800 | ||||
50,000 | Royal Caribbean Cruises, Ltd., 5.38%, 7/15/27, Callable 10/15/26 @ 100(b) | 44,250 | ||||
40,000 | Royal Caribbean Cruises, Ltd., 7.25%, 1/15/30, Callable 12/15/25 @ 103.63(b) | 40,200 | ||||
85,000 | Station Casinos LLC, 4.50%, 2/15/28, Callable 5/11/23 @ 102.25(b) | 76,712 | ||||
45,000 | Viking Cruises, Ltd., 13.00%, 5/15/25, Callable 4/26/23 @ 109.75(b) | 47,531 | ||||
100,000 | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp., 5.50%, 3/1/25, Callable 12/1/24 @ 100(b) | 97,625 | ||||
40,000 | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., 7.13%, 2/15/31, Callable 11/15/30 @ 100^(b) | 40,550 | ||||
|
|
|||||
1,108,007 | ||||||
|
|
|||||
Household Durables (0.1%): |
||||||
30,000 | Ambience Merger Sub, Inc., 4.88%, 7/15/28, Callable 7/15/23 @ 102.44(b) | 20,325 | ||||
35,000 | Ashton Woods USA LLC/Ashton Woods Finance Co., 4.63%, 4/1/30, Callable 4/1/25 @ 102.31(b) | 28,481 | ||||
30,000 | Century Communities, Inc., 3.88%, 8/15/29, Callable 2/15/29 @ 100(b) | 25,725 | ||||
65,000 | LBM Acquisition LLC, 6.25%, 1/15/29, Callable 1/15/24 @ 103.13(b) | 49,887 | ||||
40,000 | Newell Brands, Inc., 5.38%, 4/1/36, Callable 10/1/35 @ 100 | 35,100 | ||||
25,000 | Northwest Fiber LLC / Northwest Fiber Finance Sub, Inc., 6.00%, 2/15/28, Callable 2/15/24 @ 103(b) | 18,500 | ||||
25,000 | Tempur Sealy International, Inc., 3.88%, 10/15/31, Callable 10/15/26 @ 101.94(b) | 20,813 | ||||
50,000 | TopBuild Corp., 4.13%, 2/15/32, Callable 10/15/26 @ 102.06(b) | 41,875 | ||||
|
|
|||||
240,706 | ||||||
|
|
|||||
Household Products (0.0%): |
||||||
35,000 | Central Garden & Pet Co., 4.13%, 4/30/31, Callable 4/30/26 @ 102.06(b) | 29,838 | ||||
|
|
|||||
Independent Power and Renewable Electricity Producers (0.4%): |
| |||||
350,000 | AES Corp. (The), 3.30%, 7/15/25, Callable 6/15/25 @ 100(b) | 331,791 | ||||
280,000 | AES Corp. (The), 3.95%, 7/15/30, Callable 4/15/30 @ 100(b) | 251,201 | ||||
20,000 | Clearway Energy Operating LLC, 4.75%, 3/15/28, Callable 4/21/23 @ 103.56(b) | 19,075 | ||||
20,000 | Pattern Energy Operations LP/Pattern Energy Operations, Inc., 4.50%, 8/15/28, Callable 8/15/23 @ 103.38(b) | 18,300 | ||||
40,000 | Sunnova Energy Corp., 5.88%, 9/1/26, Callable 9/1/23 @ 102.94^(b) | 33,900 |
See accompanying notes to the schedules of portfolio investments.
132
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Independent Power and Renewable Electricity Producers, continued |
| |||||
$40,000 | TerraForm Power Operating LLC, 5.00%, 1/31/28, Callable 7/31/27 @ 100(b) | $ | 38,000 | |||
|
|
|||||
692,267 | ||||||
|
|
|||||
Industrial Conglomerates (0.1%): |
||||||
220,000 | Icahn Enterprises LP/Icahn Enterprises Finance Corp., 5.25%, 5/15/27, Callable 11/15/26 @ 100 | 206,250 | ||||
|
|
|||||
Industrial Services (0.1%): |
||||||
90,000 | Minerva Merger Sub, Inc., 6.50%, 2/15/30, Callable 2/15/25 @ 103.25(b) | 72,450 | ||||
35,000 | Railworks Holdings LP/Railworks Rally, Inc., 8.25%, 11/15/28, Callable 11/15/24 @ 104.13(b) | 32,594 | ||||
|
|
|||||
105,044 | ||||||
|
|
|||||
Insurance (1.1%): |
||||||
300,000 | American International Group, Inc., 2.50%, 6/30/25, Callable 5/30/25 @ 100 | 283,500 | ||||
35,000 | AmWINS Group, Inc., 4.88%, 6/30/29, Callable 6/30/24 @ 102.44(b) | 30,975 | ||||
25,000 | AssuredPartners, Inc., 5.63%, 1/15/29, Callable 12/15/23 @ 102.81(b) | 21,594 | ||||
30,000 | BroadStreet Partners, Inc., 5.88%, 4/15/29, Callable 4/15/24 @ 102.94(b) | 25,425 | ||||
190,000 | Corebridge Financial, Inc., 3.65%, 4/5/27, Callable 3/5/27 @ 100(b) | 177,852 | ||||
130,000 | Corebridge Financial, Inc., 3.90%, 4/5/32, Callable 1/5/32 @ 100(b) | 112,265 | ||||
70,000 | Corebridge Financial, Inc., 4.40%, 4/5/52, Callable 10/5/51 @ 100(b) | 54,536 | ||||
340,000 | Five Corners Funding Trust II, 2.85%, 5/15/30, Callable 2/15/30 @ 100(b) | 293,561 | ||||
50,000 | HUB International, Ltd., 5.63%, 12/1/29, Callable 12/1/24 @ 102.81(b) | 43,438 | ||||
70,000 | Liberty Mutual Group, Inc., 4.57%, 2/1/29(b) | 67,390 | ||||
330,000 | Pacific Lifecorp, 5.13%, 1/30/43(b) | 308,687 | ||||
35,000 | Ryan Specialty Group LLC, 4.38%, 2/1/30, Callable 2/1/25 @ 102.19(b) | 30,581 | ||||
280,000 | Unum Group, 4.00%, 6/15/29, Callable 3/15/29 @ 100 | 261,231 | ||||
110,000 | USI, Inc., 6.88%, 5/1/25, Callable 5/11/23 @ 100(b) | 107,525 | ||||
|
|
|||||
1,818,560 | ||||||
|
|
|||||
Interactive Media & Services (0.0%): |
||||||
85,000 | Match Group Holdings II LLC, 3.63%, 10/1/31, Callable 10/1/26 @ 101.81(b) | 68,531 | ||||
|
|
|||||
IT Services (0.1%): |
||||||
10,000 | Arches Buyer, Inc., 4.25%, 6/1/28, Callable 12/1/23 @ 102.13(b) | 8,325 | ||||
15,000 | Arches Buyer, Inc., 6.13%, 12/1/28, Callable 12/1/23 @ 103.06(b) | 12,375 | ||||
25,000 | Block, Inc., 2.75%, 6/1/26, Callable 5/1/26 @ 100 | 22,731 | ||||
25,000 | Block, Inc., 3.50%, 6/1/31, Callable 3/1/31 @ 100 | 20,438 | ||||
20,000 | Booz Allen Hamilton, Inc., 4.00%, 7/1/29, Callable 7/1/24 @ 102(b) | 18,050 | ||||
30,000 | Gartner, Inc., 3.75%, 10/1/30, Callable 10/1/25 @ 101.88(b) | 26,850 | ||||
50,000 | Twilio, Inc., 3.88%, 3/15/31, Callable 3/15/26 @ 101.94 | 42,312 | ||||
|
|
|||||
151,081 | ||||||
|
|
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Leisure Products (0.0%): |
| |||||
$5,000 | Mattel, Inc., 5.88%, 12/15/27, Callable 5/11/23 @ 104.41(b) | $ | 4,975 | |||
30,000 | Mattel, Inc., 6.20%, 10/1/40 | 27,075 | ||||
|
|
|||||
32,050 | ||||||
|
|
|||||
Life Sciences Tools & Services (0.0%): |
||||||
20,000 | Charles River Laboratories International, Inc., 4.25%, 5/1/28, Callable 5/1/23 @ 102.13(b) | 18,350 | ||||
15,000 | Charles River Laboratories International, Inc., 3.75%, 3/15/29, Callable 3/15/24 @ 101.88(b) | 13,275 | ||||
|
|
|||||
31,625 | ||||||
|
|
|||||
Machinery (0.1%): |
||||||
35,000 | GrafTech Finance, Inc., 4.63%, 12/15/28, Callable 12/15/23 @ 102.31(b) | 29,400 | ||||
30,000 | ITT Holdings LLC, 6.50%, 8/1/29, Callable 8/1/24 @ 103.25(b) | 25,125 | ||||
40,000 | Madison IAQ LLC, 4.13%, 6/30/28, Callable 6/30/24 @ 102.06(b) | 34,600 | ||||
135,000 | Madison IAQ LLC, 5.88%, 6/30/29, Callable 6/30/24 @ 102.94(b) | 103,613 | ||||
25,000 | Mueller Water Products, Inc., 4.00%, 6/15/29, Callable 6/15/24 @ 102(b) | 22,312 | ||||
|
|
|||||
215,050 | ||||||
|
|
|||||
Media (1.5%): |
||||||
45,000 | Allen Media LLC/Allen Media Co-Issuer, Inc., 10.50%, 2/15/28, Callable 5/11/23 @ 113(b) | 19,800 | ||||
35,000 | Austin BidCo, Inc., 7.13%, 12/15/28, Callable 12/15/23 @ 103.56(b) | 27,475 | ||||
25,000 | Cablevision Lightpath LLC, 5.63%, 9/15/28, Callable 9/15/23 @ 102.81(b) | 17,187 | ||||
45,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 5.00%, 2/1/28, Callable 4/26/23 @ 102.5(b) | 41,512 | ||||
395,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 4.75%, 3/1/30, Callable 9/1/24 @ 102.38(b) | 340,687 | ||||
105,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 4.50%, 6/1/33, Callable 6/1/27 @ 102.25(b) | 83,475 | ||||
160,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 4.40%, 4/1/33, Callable 1/1/33 @ 100^ | 141,495 | ||||
332,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 5.25%, 4/1/53, Callable 10/1/52 @ 100 | 268,361 | ||||
110,000 | CSC Holdings LLC, 4.63%, 12/1/30, Callable 12/1/25 @ 102.31(b) | 53,900 | ||||
130,000 | CSC Holdings LLC, 4.13%, 12/1/30, Callable 12/1/25 @ 102.06(b) | 93,600 | ||||
745,000 | Diamond Sports Group LLC/Diamond Sports Finance Co., 5.38%, 8/15/26, Callable 4/26/23 @ 102.69(b) (e) | 40,975 | ||||
230,000 | DISH DBS Corp., 7.75%, 7/1/26 | 151,225 | ||||
75,000 | Fox Corp., 4.71%, 1/25/29, Callable 10/25/28 @ 100 | 74,149 | ||||
75,000 | Fox Corp., 5.48%, 1/25/39, Callable 7/25/38 @ 100 | 71,875 | ||||
30,000 | Gray Television, Inc., 4.75%, 10/15/30, Callable 10/15/25 @ 102.38(b) | 19,725 | ||||
85,000 | Radiate Holdco LLC/Radiate Finance, Inc., 6.50%, 9/15/28, Callable 9/15/23 @ 103.25(b) | 34,850 | ||||
140,000 | TEGNA, Inc., 4.75%, 3/15/26, Callable 5/11/23 @ 102.38(b) | 131,950 |
See accompanying notes to the schedules of portfolio investments.
133
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Media, continued |
||||||
$35,000 | Terrier Media Buyer, Inc., 8.88%, 12/15/27, Callable 4/21/23 @ 104.44(b) | $ | 26,425 | |||
950,000 | Time Warner Cable, Inc., 6.75%, 6/15/39 | 930,893 | ||||
55,000 | Univision Communications, Inc., 6.63%, 6/1/27, Callable 6/1/23 @ 103.31(b) | 51,700 | ||||
|
|
|||||
2,621,259 | ||||||
|
|
|||||
Metals & Mining (0.0%): |
||||||
30,000 | Allegheny Technologies, Inc., 4.88%, 10/1/29, Callable 10/1/24 @ 102.44 | 27,307 | ||||
25,000 | Commercial Metals Co., 4.13%, 1/15/30, Callable 1/15/25 @ 102.06 | 22,000 | ||||
25,000 | Novelis Corp., 3.88%, 8/15/31, Callable 8/15/26 @ 101.94(b) | 20,719 | ||||
|
|
|||||
70,026 | ||||||
|
|
|||||
Mortgage Real Estate Investment Trusts (REITs) (0.0%): |
| |||||
25,000 | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp, 4.75%, 6/15/29, Callable 6/15/24 @ 102.38(b) | 18,188 | ||||
30,000 | Starwood Property Trust, Inc., 4.75%, 3/15/25, Callable 9/15/24 @ 100 | 28,275 | ||||
|
|
|||||
46,463 | ||||||
|
|
|||||
Multi-Utilities (0.2%): |
||||||
100,000 | Puget Energy, Inc., 4.10%, 6/15/30, Callable 3/15/30 @ 100 | 92,333 | ||||
141,000 | Puget Energy, Inc., 4.22%, 3/15/32, Callable 12/15/31 @ 100 | 129,098 | ||||
55,000 | Sempra Energy, 6.00%, 10/15/39 | 57,061 | ||||
|
|
|||||
278,492 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (4.4%): |
||||||
25,000 | Apache Corp., 7.38%, 8/15/47 | 24,375 | ||||
70,000 | Cheniere Energy Partners LP, 4.00%, 3/1/31, Callable 3/1/26 @ 102 | 62,125 | ||||
55,000 | Cheniere Energy Partners, LP, 3.25%, 1/31/32, Callable 1/31/27 @ 101.63 | 45,375 | ||||
160,000 | Chevron Phillips Chemical Co. LLC/Chevron Phillips Chemical Co. LP, 5.13%, 4/1/25, Callable 3/1/25 @ 100(b) | 160,962 | ||||
10,000 | Cnx Midstream Partners LP, 4.75%, 4/15/30, Callable 4/15/25 @ 102.38(b) | 8,400 | ||||
15,000 | CNX Resources Corp., 6.00%, 1/15/29, Callable 1/15/24 @ 104.5(b) | 14,044 | ||||
30,000 | Colgate Energy Partners III LLC, 5.88%, 7/1/29, Callable 7/1/24 @ 102.94(b) | 27,975 | ||||
80,000 | Comstock Resources, Inc., 6.75%, 3/1/29, Callable 3/1/24 @ 103.38(b) | 72,800 | ||||
85,000 | Continental Resources, Inc., 5.75%, 1/15/31, Callable 7/15/30 @ 100(b) | 81,388 | ||||
105,000 | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp., 6.00%, 2/1/29, Callable 2/1/24 @ 103(b) | 99,225 | ||||
55,000 | Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp., 7.38%, 2/1/31, Callable 2/1/26 @ 103.69(b) | 55,000 | ||||
90,000 | CVR Energy, Inc., 5.25%, 2/15/25, Callable 4/26/23 @ 101.31(b) | 86,625 | ||||
25,000 | CVR Energy, Inc., 5.75%, 2/15/28, Callable 4/26/23 @ 102.88(b) | 22,875 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Oil, Gas & Consumable Fuels, continued |
| |||||
$105,000 | DCP Midstream Operating LP, 5.38%, 7/15/25, Callable 4/15/25 @ 100 | $ | 104,370 | |||
60,000 | DCP Midstream Operating LP, 5.13%, 5/15/29, Callable 2/15/29 @ 100 | 58,800 | ||||
375,000 | DCP Midstream Operating LP, 5.85% (US0003M+385 bps), 5/21/43, Callable 5/21/23 @ 100(b) | 367,500 | ||||
100,000 | DCP Midstream Operating LP, 5.60%, 4/1/44, Callable 10/1/43 @ 100 | 95,000 | ||||
35,000 | Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.13%, 6/1/28, Callable 6/1/24 @ 103.56(b) | 32,112 | ||||
18,000 | Devon Energy Corp., 5.25%, 10/15/27, Callable 4/21/23 @ 102.63 | 17,949 | ||||
25,000 | DT Midstream, Inc., 4.13%, 6/15/29, Callable 6/15/24 @ 102.06(b) | 21,750 | ||||
124,000 | Enable Midstream Partners LP, 3.90%, 5/15/24, Callable 2/15/24 @ 100 | 120,770 | ||||
350,000 | Energy Transfer LP, 4.95%, 6/15/28, Callable 3/15/28 @ 100 | 345,625 | ||||
427,000 | Energy Transfer LP, 5.00%, 5/15/50, Callable 11/15/49 @ 100 | 358,871 | ||||
60,000 | EnLink Midstream LLC, 5.63%, 1/15/28, Callable 7/15/27 @ 100(b) | 58,575 | ||||
70,000 | EQM Midstream Partners LP, 4.50%, 1/15/29, Callable 7/15/28 @ 100(b) | 59,500 | ||||
45,000 | EQT Corp., 5.00%, 1/15/29, Callable 7/15/28 @ 100 | 42,638 | ||||
150,000 | Hess Corp., 4.30%, 4/1/27, Callable 1/1/27 @ 100 | 145,980 | ||||
109,000 | Hess Corp., 7.30%, 8/15/31 | 119,571 | ||||
610,000 | Hess Corp., 5.60%, 2/15/41 | 584,335 | ||||
70,000 | Hess Midstream Operations LP, 5.63%, 2/15/26, Callable 5/11/23 @ 101.41(b) | 68,775 | ||||
35,000 | Hess Midstream Operations LP, 4.25%, 2/15/30, Callable 2/15/25 @ 102.13(b) | 30,888 | ||||
20,000 | Holly Energy Partners LP/Holly Energy Finance Corp., 6.38%, 4/15/27, Callable 4/15/24 @ 103.19(b) | 19,750 | ||||
20,000 | Kinetik Holdings LP, 5.88%, 6/15/30, Callable 6/15/25 @ 102.94(b) | 19,061 | ||||
25,000 | Leeward Renewable Energy Operations LLC, 4.25%, 7/1/29, Callable 7/1/24 @ 102.13(b) | 21,750 | ||||
140,000 | MPLX LP, 4.88%, 12/1/24, Callable 9/1/24 @ 100 | 139,021 | ||||
200,000 | MPLX, LP, 4.95%, 9/1/32, Callable 6/1/32 @ 100 | 194,891 | ||||
65,000 | Murphy Oil Corp., 5.88%, 12/1/27, Callable 5/11/23 @ 102.94 | 63,050 | ||||
60,000 | NGL Energy Operating LLC / NGL Energy Finance Corp., 7.50%, 2/1/26, Callable 5/11/23 @ 103.75(b) | 57,600 | ||||
50,000 | Occidental Petroleum Corp., 3.50%, 8/15/29, Callable 5/15/29 @ 100 | 44,625 | ||||
85,000 | Occidental Petroleum Corp., 8.88%, 7/15/30, Callable 1/15/30 @ 100 | 98,600 | ||||
787,000 | Occidental Petroleum Corp., 7.50%, 5/1/31 | 867,667 | ||||
25,000 | Occidental Petroleum Corp., 7.88%, 9/15/31 | 28,063 | ||||
422,000 | Occidental Petroleum Corp., 6.45%, 9/15/36 | 441,517 | ||||
40,000 | Occidental Petroleum Corp., 4.30%, 8/15/39, Callable 2/15/39 @ 100 | 32,300 | ||||
40,000 | Occidental Petroleum Corp., 6.20%, 3/15/40 | 40,200 | ||||
120,000 | Occidental Petroleum Corp., 4.40%, 4/15/46, Callable 10/15/45 @ 100 | 93,900 |
See accompanying notes to the schedules of portfolio investments.
134
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Oil, Gas & Consumable Fuels, continued |
| |||||
$80,000 | Occidental Petroleum Corp., 4.20%, 3/15/48, Callable 9/15/47 @ 100 | $ | 62,000 | |||
50,000 | PBF Holding Co. LLC / PBF Finance Corp., 6.00%, 2/15/28, Callable 5/11/23 @ 103 | 47,625 | ||||
15,000 | PDC Energy, Inc., 5.75%, 5/15/26, Callable 5/11/23 @ 102.88 | 14,550 | ||||
110,000 | Plains All Amer Pipeline, 3.60%, 11/1/24, Callable 8/1/24 @ 100 | 107,274 | ||||
45,000 | Range Resources Corp., 4.88%, 5/15/25, Callable 2/15/25 @ 100 | 44,212 | ||||
230,000 | Sabine Pass Liquefaction LLC, 4.50%, 5/15/30, Callable 11/15/29 @ 100 | 220,512 | ||||
408,000 | Sanchez Energy Corp., 7.25%, 2/15/23(a)(d)(e) | | ||||
20,000 | SM Energy Co., 5.63%, 6/1/25, Callable 5/11/23 @ 100.94 | 19,400 | ||||
346,000 | Southeast Supply Header LLC, 4.25%, 6/15/24, Callable 3/15/24 @ 100(b) | 325,672 | ||||
25,000 | Southwestern Energy Co., 4.75%, 2/1/32, Callable 2/1/27 @ 102.38 | 21,938 | ||||
5,000 | Sunoco LP/Sunoco Finance Corp., 6.00%, 4/15/27, Callable 5/11/23 @ 102 | 4,925 | ||||
95,000 | Sunoco LP/Sunoco Finance Corp., 5.88%, 3/15/28, Callable 5/11/23 @ 102.94 | 91,200 | ||||
60,000 | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 6.00%, 12/31/30, Callable 12/31/25 @ 103(b) | 53,250 | ||||
30,000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.50%, 3/1/30, Callable 3/1/25 @ 102.75 | 29,100 | ||||
20,000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.00%, 1/15/32, Callable 7/15/26 @ 102 | 17,430 | ||||
13,000 | Western Gas Partners LP, 4.65%, 7/1/26, Callable 4/1/26 @ 100 | 12,513 | ||||
600,000 | Western Gas Partners LP, 4.50%, 3/1/28, Callable 12/1/27 @ 100 | 566,250 | ||||
85,000 | Western Midstream Operating LP, 4.30%, 2/1/30, Callable 11/1/29 @ 100 | 77,350 | ||||
220,000 | Williams Cos., Inc. (The), 4.65%, 8/15/32, Callable 5/15/32 @ 100 | 210,435 | ||||
|
|
|||||
7,481,809 | ||||||
|
|
|||||
Paper & Forest Products (0.0%): |
||||||
45,000 | Glatfelter Corp., 4.75%, 11/15/29, Callable 11/1/24 @ 102.38(b) | 29,644 | ||||
|
|
|||||
Passenger Airlines (0.0%): |
||||||
35,000 | American Airlines, Inc., 7.25%, 2/15/28, Callable 2/15/25 @ 103.63(b) | 34,038 | ||||
|
|
|||||
Personal Care Products (0.0%): |
||||||
25,000 | BellRing Brands, Inc., 7.00%, 3/15/30, Callable 3/15/27 @ 101.75(b) | 25,250 | ||||
|
|
|||||
Pharmaceuticals (0.2%): |
||||||
37,000 | Bausch Health Cos., Inc., 11.00%, 9/30/28(b) | 26,640 | ||||
7,000 | Bausch Health Cos., Inc., 14.00%, 10/15/30, Callable 10/15/25 @ 106(b) | 3,955 | ||||
20,000 | Catalent Pharma Solutions, Inc., 3.50%, 4/1/30, Callable 4/1/25 @ 101.75^(b) | 17,550 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
| |||||
Pharmaceuticals, continued |
| |||||
$116,000 | Elanco Animal Health, Inc., 5.90%, 8/28/28, Callable 5/28/28 @ 100 | $ | 108,460 | |||
20,000 | Jazz Securities DAC, 4.38%, 1/15/29, Callable 7/15/24 @ 102.19(b) | 18,275 | ||||
70,000 | Organon & Co. / Organon Foreign Debt Co-Issuer BV, 4.13%, 4/30/28, Callable 4/30/24 @ 102.06(b) | 63,700 | ||||
230,000 | Viatris, Inc., 2.70%, 6/22/30, Callable 3/22/30 @ 100 | 187,206 | ||||
|
|
|||||
425,786 | ||||||
|
|
|||||
Professional Services (0.1%): |
||||||
25,000 | Asgn, Inc., 4.63%, 5/15/28, Callable 5/15/23 @ 102.31(b) | 23,313 | ||||
90,000 | CoreLogic, Inc., 4.50%, 5/1/28, Callable 5/1/24 @ 102.25(b) | 68,850 | ||||
|
|
|||||
92,163 | ||||||
|
|
|||||
Real Estate (0.4%): |
||||||
27,000 | Corporate Office Properties, LP, 2.00%, 1/15/29, Callable 11/15/28 @ 100 | 20,702 | ||||
225,000 | Invitation Homes Operating Partnership LP, 4.15%, 4/15/32, Callable 1/15/32 @ 100 | 201,556 | ||||
390,000 | VICI Properties LP, 4.95%, 2/15/30, Callable 12/15/29 @ 100 | 366,600 | ||||
40,000 | VICI Properties LP / VICI Note Co., Inc., 4.63%, 6/15/25, Callable 3/15/25 @ 100(b) | 38,550 | ||||
|
|
|||||
627,408 | ||||||
|
|
|||||
Real Estate Management & Development (0.2%): |
||||||
150,000 | CBRE Services, Inc., 2.50%, 4/1/31, Callable 1/1/31 @ 100 | 120,270 | ||||
35,000 | Kennedy-Wilson, Inc., 4.75%, 2/1/30, Callable 9/1/24 @ 102.38 | 25,813 | ||||
70,000 | Realogy Group LLC / Realogy Co-Issuer Corp., 5.75%, 1/15/29, Callable 1/15/24 @ 102.88(b) | 52,237 | ||||
120,000 | TK Elevator US Newco, Inc., 5.25%, 7/15/27, Callable 7/15/23 @ 102.63(b) | 113,250 | ||||
|
|
|||||
311,570 | ||||||
|
|
|||||
Retail & Wholesale - Discretionary (0.0%): |
||||||
15,000 | MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, 2/1/30, Callable 2/1/25 @ 102.75(b) | 12,638 | ||||
|
|
|||||
Semiconductors & Semiconductor Equipment (0.6%): |
| |||||
55,000 | Broadcom, Inc., 2.45%, 2/15/31, Callable 11/15/30 @ 100(b) | 44,899 | ||||
797,000 | Broadcom, Inc., 2.60%, 2/15/33, Callable 11/15/32 @ 100(b) | 624,874 | ||||
490,000 | Broadcom, Inc., 3.50%, 2/15/41, Callable 8/15/40 @ 100(b) | 368,973 | ||||
30,000 | ON Semiconductor Corp., 3.88%, 9/1/28, Callable 9/1/23 @ 101.94(b) | 27,000 | ||||
50,000 | Qorvo, Inc., 4.38%, 10/15/29, Callable 10/15/24 @ 102.19 | 46,063 | ||||
|
|
|||||
1,111,809 | ||||||
|
|
|||||
Software (0.5%): |
||||||
55,000 | Acuris Finance US, Inc./Acuris Finance SARL, 5.00%, 5/1/28, Callable 5/1/24 @ 102.5(b) | 43,175 | ||||
25,000 | Boxer Parent Co., Inc., 7.13%, 10/2/25, Callable 5/11/23 @ 103.56(b) | 24,938 | ||||
40,000 | Clarivate Science Holdings Corp., 4.88%, 7/1/29, Callable 6/30/24 @ 102.44(b) | 35,500 |
See accompanying notes to the schedules of portfolio investments.
135
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Software, continued |
||||||
$30,000 | Elastic NV, 4.13%, 7/15/29, Callable 7/15/24 @ 102.06(b) | $ | 25,500 | |||
30,000 | Fair Isaac Corp., 4.00%, 6/15/28, Callable 4/26/23 @ 102(b) | 27,750 | ||||
55,000 | MicroStrategy, Inc., 6.13%, 6/15/28, Callable 6/15/24 @ 103.06^(b) | 48,812 | ||||
555,000 | Oracle Corp., 2.30%, 3/25/28, Callable 1/25/28 @ 100 | 495,342 | ||||
240,000 | Oracle Corp., 2.88%, 3/25/31, Callable 12/25/30 @ 100 | 205,548 | ||||
|
|
|||||
906,565 | ||||||
|
|
|||||
Specialty Retail (0.5%): |
||||||
35,000 | Asbury Automotive Group, Inc., 4.63%, 11/15/29, Callable 11/15/24 @ 102.31(b) | 31,150 | ||||
47,000 | AutoNation, Inc., 4.75%, 6/1/30, Callable 3/1/30 @ 100 | 44,199 | ||||
200,000 | AutoZone, Inc., 4.00%, 4/15/30, Callable 1/15/30 @ 100 | 189,920 | ||||
66,000 | Carvana Co., 5.88%, 10/1/28, Callable 10/1/23 @ 104.41(b) | 27,720 | ||||
10,000 | Carvana Co., 4.88%, 9/1/29, Callable 9/1/24 @ 102.44(b) | 4,050 | ||||
55,000 | Carvana Co., 10.25%, 5/1/30, Callable 5/1/27 @ 105.13(b) | 31,350 | ||||
30,000 | Foot Locker, Inc., 4.00%, 10/1/29, Callable 10/1/24 @ 102(b) | 24,750 | ||||
95,000 | L Brands, Inc., 6.63%, 10/1/30, Callable 10/1/25 @ 103.31(b) | 92,150 | ||||
410,000 | Lowes Cos., Inc., 4.25%, 4/1/52, Callable 10/1/51 @ 100 | 335,986 | ||||
30,000 | Party City Holdings, Inc., 8.75%, 2/15/26, Callable 8/15/23 @ 104.38(b)(e) | 3,000 | ||||
20,000 | Rent-A-Center, Inc., 6.38%, 2/15/29, Callable 2/15/24 @ 103.19(b) | 16,700 | ||||
40,000 | Victorias Secret & Co., 4.63%, 7/15/29, Callable 7/15/24 @ 102.31(b) | 32,300 | ||||
|
|
|||||
833,275 | ||||||
|
|
|||||
Technology Hardware, Storage & Peripherals (0.2%): |
| |||||
129,000 | Dell International LLC/EMC Corp., 6.02%, 6/15/26, Callable 3/15/26 @ 100 | 132,274 | ||||
148,000 | Dell International LLC/EMC Corp., 6.10%, 7/15/27, Callable 5/15/27 @ 100 | 154,966 | ||||
|
|
|||||
287,240 | ||||||
|
|
|||||
Telecommunications (0.0%): |
||||||
60,000 | Frontier Communications Holdings LLC, 8.75%, 5/15/30, Callable 5/15/25 @ 104.38(b) | 59,550 | ||||
|
|
|||||
Textiles, Apparel & Luxury Goods (0.1%): |
||||||
25,000 | Crocs, Inc., 4.13%, 8/15/31, Callable 8/15/26 @ 102.06(b) | 20,563 | ||||
20,000 | Kontoor Brands, Inc., 4.13%, 11/15/29, Callable 11/15/24 @ 102.06(b) | 17,125 | ||||
30,000 | Levi Strauss & Co., 3.50%, 3/1/31, Callable 3/1/26 @ 101.75^(b) | 25,537 | ||||
45,000 | Wolverine World Wide, Inc., 4.00%, 8/15/29, Callable 8/15/24 @ 102(b) | 36,450 | ||||
|
|
|||||
99,675 | ||||||
|
|
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Tobacco (0.5%): |
||||||
$230,000 | Altria Group, Inc., 4.25%, 8/9/42 | $ | 179,531 | |||
302,000 | Altria Group, Inc., 4.50%, 5/2/43 | 239,691 | ||||
370,000 | Reynolds American, Inc., 7.25%, 6/15/37 | 398,530 | ||||
30,000 | Turning Point Brands, Inc., 5.63%, 2/15/26, Callable 4/21/23 @ 102.81(b) | 27,112 | ||||
|
|
|||||
844,864 | ||||||
|
|
|||||
Trading Companies & Distributors (0.2%): |
||||||
290,000 | Air Lease Corp., 3.38%, 7/1/25, Callable 6/1/25 @ 100 | 275,957 | ||||
40,000 | Foundation Building Materials, Inc., 6.00%, 3/1/29, Callable 3/1/24 @ 103(b) | 31,700 | ||||
25,000 | SRS Distribution, Inc., 6.13%, 7/1/29, Callable 7/1/24 @ 103.06(b) | 21,031 | ||||
40,000 | SRS Distribution, Inc., 6.00%, 12/1/29, Callable 12/1/24 @ 103(b) | 33,000 | ||||
|
|
|||||
361,688 | ||||||
|
|
|||||
Wireless Telecommunication Services (0.5%): |
||||||
300,000 | Sprint Communications, Inc., 6.88%, 11/15/28 | 322,125 | ||||
65,000 | T-Mobile USA, Inc., 4.75%, 2/1/28, Callable 4/21/23 @ 102.38 | 64,106 | ||||
500,000 | T-Mobile USA, Inc., 3.88%, 4/15/30, Callable 1/15/30 @ 100 | 467,237 | ||||
80,000 | T-Mobile USA, Inc., 4.50%, 4/15/50, Callable 10/15/49 @ 100 | 69,481 | ||||
|
|
|||||
922,949 | ||||||
|
|
|||||
Total Corporate Bonds (Cost $60,833,312) |
55,108,500 | |||||
|
|
|||||
Yankee Debt Obligations (8.2%): |
||||||
Aerospace & Defense (0.1%): |
||||||
55,000 | Bombardier, Inc., 7.13%, 6/15/26, Callable 6/15/23 @ 103.56(b) | 55,138 | ||||
45,000 | Bombardier, Inc., 6.00%, 2/15/28, Callable 2/15/24 @ 103(b) | 43,650 | ||||
|
|
|||||
98,788 | ||||||
|
|
|||||
Banks (1.9%): |
||||||
200,000 | Barclays plc, 4.38%, 1/12/26 | 192,408 | ||||
503,000 | Barclays plc, 2.85% (US0003M+245 bps), 5/7/26, Callable 5/7/25 @ 100 | 469,891 | ||||
270,000 | Barclays plc, 5.09% (US0003M+305 bps), 6/20/30, Callable 6/20/29 @ 100 | 244,046 | ||||
200,000 | Commonwealth Bank of Australia, 3.61%, 9/12/34, Callable 9/12/29 @ 100(b) | 173,654 | ||||
370,000 | Cooperatieve Rabobank UA, 4.38%, 8/4/25 | 356,969 | ||||
205,000 | HSBC Holdings plc, 4.25%, 3/14/24 | 199,626 | ||||
800,000 | Intesa Sanpaolo SpA, 5.71%, 1/15/26(b) | 750,681 | ||||
286,000 | Royal Bank of Scotland Group plc, 3.07% (H15T1Y+255 bps), 5/22/28, Callable 5/22/27 @ 100 | 257,288 | ||||
513,000 | Societe Generale SA, 1.49% (H15T1Y+110 bps), 12/14/26, Callable 12/14/25 @ 100(b) | 449,033 | ||||
135,000 | Westpac Banking Corp., 4.11% (H15T5Y+200 bps), 7/24/34, Callable 7/24/29 @ 100 | 119,293 | ||||
|
|
|||||
3,212,889 | ||||||
|
|
|||||
Biotechnology (0.0%): |
||||||
85,000 | Grifols Escrow Issuer SA, 4.75%, 10/15/28, Callable 10/15/24 @ 102.38(b) | 69,488 | ||||
|
|
See accompanying notes to the schedules of portfolio investments.
136
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
||||||
Capital Markets (1.1%): |
||||||
$280,000 | Credit Suisse Group AG, 4.19% (SOFR+373 bps), 4/1/31, Callable 4/1/30 @ 100(b) | $ | 248,500 | |||
720,000 | Credit Suisse Group Funding Guernsey, Ltd., 3.75%, 3/26/25 | 664,200 | ||||
680,000 | Deutsche Bank AG, 4.50%, 4/1/25 | 618,516 | ||||
314,000 | UBS Group AG, 1.49% (H15T1Y+85 bps), 8/10/27, Callable 8/10/26 @ 100(b) | 269,960 | ||||
|
|
|||||
1,801,176 | ||||||
|
|
|||||
Chemicals (0.1%): |
||||||
85,000 | Methanex Corp., 5.13%, 10/15/27, Callable 4/15/27 @ 100 | 80,113 | ||||
25,000 | SPCM SA, 3.13%, 3/15/27, Callable 3/15/24 @ 101.56(b) | 21,562 | ||||
|
|
|||||
101,675 | ||||||
|
|
|||||
Communications Equipment (0.0%): |
||||||
30,000 | Nokia OYJ, 6.63%, 5/15/39 | 29,888 | ||||
|
|
|||||
Consumer Discretionary Services (0.0%): |
||||||
25,000 | Studio City Co., Ltd., 7.00%, 2/15/27, Callable 2/15/24 @ 103.5(b) | 23,531 | ||||
|
|
|||||
Consumer Staple Products (0.1%): |
||||||
200,000 | Imperial Brands Finance plc, 6.13%, 7/27/27, Callable 6/27/27 @ 100(b) | 204,750 | ||||
|
|
|||||
Containers & Packaging (0.1%): |
||||||
10,000 | Intelligent Packaging, Ltd. Finco, Inc./Intelligent Packaging, Ltd. Co-Issuer LLC, 6.00%, 9/15/28, Callable 5/11/23 @ 103(b) | 8,625 | ||||
110,000 | Trivium Packaging Finance BV, 5.50%, 8/15/26, Callable 5/11/23 @ 102.75(b) | 105,050 | ||||
|
|
|||||
113,675 | ||||||
|
|
|||||
Diversified Consumer Services (0.1%): |
||||||
95,000 | GEMS MENASA Cayman, Ltd. / GEMS Education Delaware LLC, 7.13%, 7/31/26, Callable 5/11/23 @ 103.56(b) | 92,269 | ||||
|
|
|||||
Diversified Telecommunication Services (0.2%): |
||||||
270,000 | Altice France SA, 6.00%, 2/15/28, Callable 5/11/23 @ 103(b) | 171,450 | ||||
185,000 | Altice France SA, 5.13%, 1/15/29, Callable 9/15/23 @ 102.56(b) | 137,825 | ||||
20,000 | Telecom Italia Capital SA, 6.38%, 11/15/33 | 18,050 | ||||
80,000 | Telecom Italia SpA, 6.00%, 9/30/34 | 68,200 | ||||
|
|
|||||
395,525 | ||||||
|
|
|||||
Energy Equipment & Services (0.0%): |
||||||
48,750 | Transocean Poseidon, Ltd., 6.88%, 2/1/27, Callable 5/11/23 @ 103.44(b) | 47,653 | ||||
|
|
|||||
Financial Services (0.7%): |
||||||
130,000 | C&W Senior Financing Dac, 6.88%, 9/15/27, Callable 4/21/23 @ 103.44(b) | 115,212 | ||||
45,000 | Intelsat Jackson Holdings SA, 6.50%, 3/15/30, Callable 3/15/25 @ 102(b) | 41,330 | ||||
1,000,000 | Park Aerospace Holdings, 5.50%, 2/15/24(b) | 968,750 | ||||
130,000 | Vmed O2 UK Financing I plc, 4.25%, 1/31/31, Callable 1/31/26 @ 102.13(b) | 106,438 | ||||
|
|
|||||
1,231,730 | ||||||
|
|
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
||||||
Hotels, Restaurants & Leisure (0.1%): |
||||||
$55,000 | 1011778 BC ULC / New Red Finance, Inc., 5.75%, 4/15/25, Callable 5/11/23 @ 101.44(b) | $ | 55,000 | |||
80,000 | 1011778 BC ULC / New Red Finance, Inc., 4.00%, 10/15/30, Callable 10/15/25 @ 102(b) | 68,600 | ||||
65,000 | Melco Resorts Finance, Ltd., 5.38%, 12/4/29, Callable 12/4/24 @ 102.69(b) | 52,812 | ||||
|
|
|||||
176,412 | ||||||
|
|
|||||
Industrial Services (0.0%): |
||||||
21,000 | 1375209 BC, Ltd., 9.00%, 1/30/28, Callable 4/21/23 @ 103(b) | 20,790 | ||||
|
|
|||||
Insurance (0.2%): |
||||||
230,000 | AIA Group, Ltd., 3.38%, 4/7/30, Callable 1/7/30 @ 100(b) | 211,330 | ||||
200,000 | Swiss Re Finance Luxembourg SA, 5.00% (H15T5Y+358 bps), 4/2/49, Callable 4/2/29 @ 100(b) | 187,171 | ||||
|
|
|||||
398,501 | ||||||
|
|
|||||
Marine Transportation (0.0%): |
||||||
35,000 | Seaspan Corp., 5.50%, 8/1/29, Callable 8/1/24 @ 102.75(b) | 27,125 | ||||
|
|
|||||
Materials (0.1%): |
||||||
25,000 | Cerdia Finanz GmbH, 10.50%, 2/15/27, Callable 2/15/24 @ 105.25(b) | 22,937 | ||||
85,000 | INEOS Finance plc, 6.75%, 5/15/28, Callable 2/15/25 @ 103.38(b) | 82,875 | ||||
95,000 | NOVA Chemicals Corp., 5.25%, 6/1/27, Callable 3/3/27 @ 100(b) | 85,500 | ||||
|
|
|||||
191,312 | ||||||
|
|
|||||
Media (0.0%): |
||||||
50,000 | Ziggo BV, 5.13%, 2/28/30, Callable 2/15/25 @ 102.56(b) | 39,688 | ||||
|
|
|||||
Metals & Mining (0.1%): |
||||||
85,000 | ERO Copper Corp., 6.50%, 2/15/30, Callable 2/15/25 @ 103.25(b) | 74,375 | ||||
25,000 | First Quantum Minerals, Ltd., 6.88%, 3/1/26, Callable 4/21/23 @ 101.72(b) | 24,250 | ||||
55,000 | First Quantum Minerals, Ltd., 6.88%, 10/15/27, Callable 10/15/23 @ 103.44(b) | 53,213 | ||||
5,000 | FMG Resources Pty, Ltd., 4.50%, 9/15/27, Callable 6/15/27 @ 100(b) | 4,762 | ||||
45,000 | Infrabuild Australia Pty, Ltd., 12.00%, 10/1/24, Callable 5/11/23 @ 106(b) | 43,087 | ||||
30,000 | Mineral Resources, Ltd., 8.00%, 11/1/27, Callable 11/1/24 @ 104(b) | 30,375 | ||||
|
|
|||||
230,062 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (1.2%): |
||||||
115,000 | eG Global Finance plc, 6.75%, 2/7/25, Callable 4/21/23 @ 101.69(b) | 106,231 | ||||
55,000 | eG Global Finance plc, 8.50%, 10/30/25, Callable 5/11/23 @ 102.13(b) | 51,425 | ||||
100,000 | Meg Energy Corp., 7.13%, 2/1/27, Callable 5/11/23 @ 103.56(b) | 102,250 | ||||
785,000 | Petroleos Mexicanos, 6.84%, 1/23/30, Callable 10/23/29 @ 100 | 650,472 | ||||
1,662,000 | Petroleos Mexicanos, 6.75%, 9/21/47 | 1,081,130 |
See accompanying notes to the schedules of portfolio investments.
137
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Yankee Debt Obligations, continued |
||||||
Oil, Gas & Consumable Fuels, continued |
||||||
$30,000 | Teine Energy, Ltd., 6.88%, 4/15/29, Callable 4/15/24 @ 103.44(b) | $ | 27,450 | |||
|
|
|||||
2,018,958 | ||||||
|
|
|||||
Passenger Airlines (0.1%): |
||||||
95,000 | VistaJet Malta Finance plc / XO Management Holding, Inc., 6.38%, 2/1/30, Callable 2/1/25 @ 103.19(b) | 85,025 | ||||
|
|
|||||
Pharmaceuticals (0.0%): |
||||||
40,000 | Bausch Health Cos., Inc., 5.50%, 11/1/25, Callable 5/11/23 @ 100(b) | 33,000 | ||||
|
|
|||||
Software (0.0%): |
||||||
95,000 | Open Text Corp., 3.88%, 2/15/28, Callable 5/11/23 @ 101.94(b) | 84,550 | ||||
|
|
|||||
Sovereign Bond (1.3%): |
||||||
56,434 | Argentine Republic Government International Bond, 1.00%, 7/9/29, Callable 5/11/23 @ 100 | 15,378 | ||||
513,757 | Argentine Republic Government International Bond, 0.50%, 7/9/30, Callable 5/11/23 @ 100 | 154,769 | ||||
941,242 | Argentine Republic Government International Bond, 1.50%, 7/9/35, Callable 5/11/23 @ 100 | 243,546 | ||||
400,000 | Corp. Andina de Fomento, 2.38%, 5/12/23 | 398,760 | ||||
444,000 | Dominican Republic, 5.50%, 1/27/25^(b) | 439,560 | ||||
250,000 | Dominican Republic, 6.00%, 7/19/28(b) | 244,688 | ||||
300,000 | Indonesia Government International Bond, 4.20%, 10/15/50 | 258,475 | ||||
200,000 | Qatar Government International Bond, 4.40%, 4/16/50(b) | 185,092 | ||||
230,000 | Saudi Government International Bond, 3.25%, 10/22/30(b) | 211,963 | ||||
|
|
|||||
2,152,231 | ||||||
|
|
|||||
Telecommunications (0.0%): |
||||||
540,000 | Intelsat, 0.00%(a) | | ||||
111,000 | Intelsat, 0.00%(a) | | ||||
|
|
|||||
| ||||||
|
|
|||||
Trading Companies & Distributors (0.4%): |
||||||
251,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.45%, 4/3/26, Callable 2/3/26 @ 100 | 239,898 | ||||
209,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 2.45%, 10/29/26, Callable 9/29/26 @ 100 | 186,630 | ||||
234,000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.30%, 1/30/32, Callable 10/30/31 @ 100 | 193,099 | ||||
|
|
|||||
619,627 | ||||||
|
|
|||||
Wireless Telecommunication Services (0.3%): |
||||||
315,000 | Millicom International Cellular SA, 6.25%, 3/25/29, Callable 3/25/24 @ 103.13(b) | 286,650 | ||||
60,000 | Millicom International Cellular SA, 4.50%, 4/27/31, Callable 4/27/26 @ 102.25(b) | 48,000 | ||||
110,000 | Rogers Communications, Inc., 3.20%, 3/15/27, Callable 2/15/27 @ 100(b) | 103,363 | ||||
100,000 | Rogers Communications, Inc., 3.80%, 3/15/32, Callable 12/15/31 @ 100(b) | 89,465 | ||||
|
|
|||||
527,478 | ||||||
|
|
|||||
Total Yankee Debt Obligations (Cost $16,818,172) |
14,027,796 | |||||
|
|
Principal Amount | Value | |||||
Municipal Bonds (1.0%): |
||||||
Illinois (0.7%): |
||||||
$290,769 | Illinois State, Build America Bonds, GO, 6.63%, 2/1/35 | $ | 308,730 | |||
425,000 | Illinois State, Build America Bonds, GO, Series 3, 6.73%, 4/1/35 | 443,972 | ||||
295,000 | Illinois State, GO, 5.10%, 6/1/33 | 294,369 | ||||
34,091 | Illinois State, GO, 4.95%, 6/1/23 | 33,875 | ||||
|
|
|||||
1,080,946 | ||||||
|
|
|||||
New Jersey (0.3%): |
||||||
504,000 | New Jersey Economic Development Authority Revenue, GO, Series A, 7.43%, 2/15/29 | 550,020 | ||||
|
|
|||||
Total Municipal Bonds (Cost $1,674,722) |
1,630,966 | |||||
|
|
|||||
U.S. Government Agency Mortgages (21.1%): |
||||||
Federal National Mortgage Association (10.9%) |
||||||
86,866 | 2.50%, 6/1/29, Pool #MA3734 | 80,395 | ||||
50,237 | 2.50%, 9/1/31, Pool #AS8012 | 47,384 | ||||
210,357 | 2.50%, 12/1/32, Pool #CA3748 | 197,594 | ||||
1,018 | 4.50%, 7/1/33, Pool #720240 | 1,016 | ||||
2,422 | 4.50%, 7/1/33, Pool #729327 | 2,407 | ||||
14,294 | 4.50%, 8/1/33, Pool #729380 | 14,302 | ||||
3,647 | 4.50%, 8/1/33, Pool #723124 | 3,648 | ||||
2,150 | 4.50%, 8/1/33, Pool #727029 | 2,143 | ||||
2,657 | 4.50%, 8/1/33, Pool #727160 | 2,655 | ||||
2,842 | 4.50%, 8/1/33, Pool #729713 | 2,837 | ||||
9,189 | 4.50%, 8/1/33, Pool #726928 | 9,195 | ||||
7,197 | 4.50%, 8/1/33, Pool #726956 | 7,204 | ||||
13,387 | 4.50%, 9/1/33, Pool #727147 | 14,109 | ||||
5,140 | 4.50%, 9/1/33, Pool #734922 | 5,416 | ||||
21,478 | 4.50%, 12/1/33, Pool #AL5321 | 22,634 | ||||
16,751 | 6.00%, 10/1/34, Pool #AL2130 | 17,760 | ||||
1,201,894 | 2.00%, 6/1/35, Pool #BP5619 | 1,081,915 | ||||
33,789 | 4.50%, 9/1/35, Pool #AB8198 | 35,614 | ||||
184,509 | 2.00%, 10/1/35, Pool #BK5705 | 166,099 | ||||
306,761 | 6.00%, 5/1/36, Pool #745512 | 323,121 | ||||
153,208 | 6.00%, 1/1/37, Pool #932030 | 163,438 | ||||
28,100 | 6.00%, 3/1/37, Pool #889506 | 29,707 | ||||
109,359 | 1.50%, 4/1/37, Pool #MA4581 | 95,985 | ||||
40,993 | 6.00%, 1/1/38, Pool #889371 | 42,856 | ||||
14,957 | 6.00%, 3/1/38, Pool #889219 | 15,853 | ||||
50,000 | 1.50%, 4/25/38, TBA | 43,867 | ||||
7,110 | 6.00%, 7/1/38, Pool #889733 | 7,434 | ||||
43,620 | 4.50%, 3/1/39, Pool #AB0051 | 45,967 | ||||
221,379 | 4.50%, 4/1/39, Pool #AB0043 | 233,284 | ||||
138,994 | 2.50%, 8/1/39, Pool #MA3761 | 125,213 | ||||
17,946 | 4.50%, 11/1/39, Pool #AC5442 | 18,078 | ||||
58,486 | 6.00%, 5/1/40, Pool #AL2129 | 61,829 | ||||
17,824 | 2.00%, 10/1/40, Pool #MA4176 | 15,337 | ||||
18,306 | 2.00%, 12/1/40, Pool #MA4204 | 15,684 | ||||
22,769 | 4.00%, 12/1/40, Pool #AA4757 | 22,412 | ||||
27,520 | 4.50%, 2/1/41, Pool #AH5580 | 27,958 | ||||
19,589 | 2.00%, 2/1/41, Pool #MA4268 | 16,814 | ||||
20,021 | 2.00%, 3/1/41, Pool #MA4287 | 17,185 | ||||
20,647 | 2.00%, 4/1/41, Pool #MA4311 | 17,722 | ||||
20,933 | 2.00%, 5/1/41, Pool #MA4333 | 17,967 | ||||
21,214 | 2.00%, 6/1/41, Pool #MA4364 | 18,208 | ||||
165,133 | 2.00%, 10/1/41, Pool #MA4446 | 141,747 | ||||
452,553 | 1.50%, 11/1/41, Pool #MA4473 | 371,324 | ||||
4,022 | 6.00%, 1/1/42, Pool #AL2128 | 4,068 | ||||
136,488 | 2.50%, 2/1/43, Pool #AB8465 | 118,687 |
See accompanying notes to the schedules of portfolio investments.
138
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal National Mortgage Association, continued |
||||||
$32,214 | 4.00%, 10/1/43, Pool #BM1167 | $ | 31,658 | |||
141,455 | 4.50%, 3/1/44, Pool #AL5082 | 140,934 | ||||
7,279 | 4.00%, 12/1/44, Pool #AY0045 | 7,082 | ||||
44,207 | 3.00%, 5/1/45, Pool #AS4972 | 40,219 | ||||
67,349 | 4.00%, 5/1/45, Pool #AZ1207 | 65,278 | ||||
21,805 | 4.00%, 6/1/45, Pool #AZ2719 | 21,217 | ||||
23,894 | 5.00%, 6/1/45, Pool #AZ3448 | 24,595 | ||||
47,586 | 4.00%, 6/1/45, Pool #AY8126 | 46,791 | ||||
28,346 | 4.00%, 6/1/45, Pool #AZ3341 | 27,582 | ||||
100,202 | 4.00%, 6/1/45, Pool #AY8096 | 97,125 | ||||
112,577 | 4.00%, 7/1/45, Pool #AZ0833 | 109,546 | ||||
36,074 | 3.00%, 8/1/45, Pool #AZ8288 | 32,822 | ||||
15,280 | 3.00%, 8/1/45, Pool #AZ3728 | 13,899 | ||||
94,958 | 3.00%, 8/1/45, Pool #AS5634 | 86,385 | ||||
13,946 | 4.00%, 11/1/45, Pool #AZ0560 | 13,517 | ||||
41,762 | 4.00%, 12/1/45, Pool #BA6404 | 40,477 | ||||
31,564 | 4.50%, 2/1/46, Pool #BM5199 | 31,766 | ||||
7,973 | 4.00%, 5/1/46, Pool #BC2276 | 7,751 | ||||
236,427 | 3.50%, 5/1/46, Pool #BC0880 | 224,293 | ||||
92,394 | 4.00%, 7/1/46, Pool #BC1443 | 90,444 | ||||
28,746 | 4.50%, 8/1/46, Pool #AL9111 | 28,708 | ||||
100,635 | 4.00%, 9/1/46, Pool #BC2843 | 98,513 | ||||
316,790 | 3.50%, 12/1/46, Pool #BC9077 | 300,533 | ||||
387,832 | 4.50%, 2/1/47, Pool #AL9846 | 388,872 | ||||
48,160 | 3.50%, 2/1/47, Pool #BE5696 | 45,505 | ||||
5,221 | 4.00%, 6/1/47, Pool #BH4269 | 5,072 | ||||
28,473 | 3.00%, 5/1/49, Pool #MA3670 | 25,765 | ||||
76,926 | 3.50%, 11/1/49, Pool #CA4557 | 72,366 | ||||
296,877 | 2.50%, 8/1/50, Pool #SD0430 | 258,877 | ||||
192,282 | 1.50%, 12/1/50, Pool #CA8005 | 150,834 | ||||
259,277 | 2.50%, 4/1/51, Pool #FM6540 | 227,232 | ||||
435,965 | 2.00%, 4/1/51, Pool #MA4305 | 360,792 | ||||
150,491 | 2.50%, 5/1/51, Pool #MA4326 | 129,811 | ||||
524,599 | 3.00%, 6/1/51, Pool #CB0850 | 474,321 | ||||
449,905 | 1.50%, 6/1/51, Pool #MA4354 | 352,301 | ||||
298,444 | 2.50%, 7/1/51, Pool #CB0997 | 258,996 | ||||
9,981 | 2.00%, 7/1/51, Pool #BT1461 | 8,343 | ||||
86,628 | 3.00%, 8/1/51, Pool #FM9973 | 78,593 | ||||
44,816 | 2.50%, 8/1/51, Pool #CB1384 | 38,889 | ||||
181,200 | 2.50%, 9/1/51, Pool #CB1549 | 157,551 | ||||
319,205 | 2.00%, 10/1/51, Pool #CB1801 | 266,877 | ||||
241,668 | 2.00%, 10/1/51, Pool #CB1799 | 202,654 | ||||
193,652 | 3.00%, 11/1/51, Pool #CB2164 | 175,134 | ||||
337,085 | 2.00%, 11/1/51, Pool #FM9568 | 282,670 | ||||
212,525 | 2.00%, 11/1/51, Pool #FM9539 | 177,712 | ||||
144,361 | 3.00%, 11/1/51, Pool #FM9632 | 130,578 | ||||
181,716 | 3.00%, 11/1/51, Pool #FM9633 | 164,453 | ||||
727,698 | 2.50%, 11/1/51, Pool #FM9501 | 632,745 | ||||
92,267 | 2.00%, 12/1/51, Pool #CB2348 | 77,139 | ||||
514,823 | 2.00%, 12/1/51, Pool #CB2349 | 430,421 | ||||
137,903 | 2.00%, 12/1/51, Pool #CB2350 | 114,804 | ||||
129,945 | 2.50%, 12/1/51, Pool #CB2376 | 112,740 | ||||
139,211 | 2.00%, 12/1/51, Pool #CB2347 | 116,747 | ||||
92,731 | 3.00%, 12/1/51, Pool #BT9503 | 83,252 | ||||
184,110 | 2.50%, 12/1/51, Pool #CB2320 | 160,080 | ||||
61,438 | 3.00%, 12/1/51, Pool #CB2420 | 55,555 | ||||
1,100,197 | 2.50%, 12/1/51, Pool #FM9865 | 956,571 | ||||
99,907 | 3.00%, 12/1/51, Pool #FM9777 | 89,863 | ||||
843,736 | 2.00%, 1/1/52, Pool #FS0286 | 705,449 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal National Mortgage Association, continued |
||||||
$364,759 | 2.00%, 1/1/52, Pool #FS0288 | $ | 302,699 | |||
895,510 | 2.00%, 2/1/52, Pool #CB2842 | 739,651 | ||||
230,306 | 3.00%, 2/1/52, Pool #FS0631 | 208,213 | ||||
371,498 | 2.50%, 2/1/52, Pool #FS0605 | 322,419 | ||||
149,400 | 3.00%, 2/1/52, Pool #CB2886 | 134,180 | ||||
49,987 | 3.50%, 3/1/52, Pool #CB3128 | 46,643 | ||||
49,437 | 4.00%, 4/1/52, Pool #FS1647 | 47,684 | ||||
150,000 | 4.50%, 4/25/52, TBA | 146,836 | ||||
300,000 | 4.50%, 6/1/52, Pool #BT8263 | 294,003 | ||||
194,111 | 5.50%, 10/1/52, Pool #CB4843 | 196,481 | ||||
675,000 | 4.50%, 10/1/52, Pool #BX1265 | 661,089 | ||||
48,892 | 5.00%, 11/1/52, Pool #FS3295 | 49,193 | ||||
196,514 | 5.00%, 11/1/52, Pool #CB5128 | 198,884 | ||||
98,444 | 5.00%, 11/1/52, Pool #FS3248 | 99,264 | ||||
25,000 | 2.50%, 4/25/53, TBA | 21,527 | ||||
100,000 | 2.00%, 4/25/53, TBA | 82,516 | ||||
1,600,000 | 5.50%, 5/25/53, TBA | 1,615,875 | ||||
150,000 | 2.00%, 5/25/53, TBA | 123,914 | ||||
100,000 | 2.50%, 5/25/53, TBA | 86,203 | ||||
|
|
|||||
18,654,045 | ||||||
|
|
|||||
Federal Home Loan Mortgage Corporation (6.7%) |
||||||
19,671 | 2.50%, 6/1/31, Pool #G18604 | 18,548 | ||||
34,949 | 2.50%, 7/1/31, Pool #V61246 | 33,006 | ||||
58,579 | 2.50%, 8/1/31, Pool #V61273 | 55,965 | ||||
210,698 | 3.50%, 3/1/32, Pool #C91403 | 204,705 | ||||
637,545 | 3.50%, 7/1/32, Pool #C91467 | 619,398 | ||||
5,546 | 2.50%, 8/1/32, Pool #G18654 | 5,209 | ||||
5,915 | 2.50%, 11/1/32, Pool #G18665 | 5,555 | ||||
180,165 | 2.50%, 12/1/32, Pool #G18669 | 167,644 | ||||
27,286 | 2.50%, 3/1/33, Pool #G18680 | 25,467 | ||||
11,047 | 2.50%, 4/1/33, Pool #G18683 | 10,311 | ||||
64,819 | 3.00%, 4/1/33, Pool #G18684 | 61,902 | ||||
5,712 | 2.50%, 5/1/33, Pool #G18687 | 5,331 | ||||
121,567 | 2.50%, 7/1/33, Pool #G16661 | 113,702 | ||||
25,353 | 3.00%, 4/1/34, Pool #G16829 | 24,378 | ||||
234,749 | 3.50%, 10/1/34, Pool #C91793 | 230,740 | ||||
459,923 | 4.00%, 5/1/37, Pool #C91938 | 451,542 | ||||
18,906 | 3.50%, 4/1/40, Pool #V81744 | 17,878 | ||||
38,663 | 3.50%, 5/1/40, Pool #V81750 | 36,554 | ||||
42,266 | 3.50%, 6/1/40, Pool #V81792 | 39,970 | ||||
23,434 | 3.50%, 8/1/40, Pool #V81886 | 22,156 | ||||
15,939 | 3.50%, 9/1/40, Pool #V81958 | 15,070 | ||||
27,507 | 4.50%, 1/1/41, Pool #A96051 | 27,709 | ||||
25,526 | 4.50%, 3/1/41, Pool #A97673 | 25,713 | ||||
20,367 | 2.00%, 4/1/41, Pool #RB5108 | 17,482 | ||||
40,044 | 4.50%, 4/1/41, Pool #A97942 | 40,338 | ||||
145,891 | 5.00%, 6/1/41, Pool #G06596 | 150,820 | ||||
21,195 | 2.00%, 7/1/41, Pool #RB5118 | 18,192 | ||||
22,198 | 2.00%, 10/1/41, Pool #RB5131 | 19,053 | ||||
513,174 | 4.50%, 1/1/42, Pool #G60517 | 516,769 | ||||
71,981 | 3.00%, 12/1/42, Pool #C04320 | 66,968 | ||||
24,076 | 4.00%, 5/1/43, Pool #Q18481 | 23,055 | ||||
25,591 | 4.00%, 7/1/43, Pool #Q19597 | 24,497 | ||||
22,867 | 4.00%, 10/1/43, Pool #Q22499 | 21,892 | ||||
86,516 | 3.50%, 1/1/44, Pool #G60271 | 83,816 | ||||
27,268 | 4.00%, 1/1/44, Pool #V80950 | 26,114 | ||||
172,026 | 3.50%, 1/1/44, Pool #G07922 | 163,233 | ||||
91,202 | 4.00%, 1/1/45, Pool #Q30720 | 89,269 | ||||
87,165 | 4.00%, 2/1/45, Pool #G07949 | 86,657 |
See accompanying notes to the schedules of portfolio investments.
139
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Federal Home Loan Mortgage Corporation, continued |
| |||||
$43,297 | 3.50%, 3/1/45, Pool #Q32008 | $ | 41,602 | |||
26,481 | 3.50%, 3/1/45, Pool #Q31974 | 25,443 | ||||
23,936 | 3.50%, 3/1/45, Pool #Q32328 | 22,999 | ||||
15,992 | 3.00%, 5/1/45, Pool #Q33468 | 14,862 | ||||
100,808 | 3.50%, 5/1/45, Pool #Q33547 | 94,218 | ||||
115,500 | 3.00%, 6/1/45, Pool #Q34156 | 107,349 | ||||
139,623 | 3.50%, 6/1/45, Pool #Q34164 | 130,480 | ||||
20,794 | 3.50%, 6/1/45, Pool #Q33791 | 19,440 | ||||
9,880 | 3.00%, 7/1/45, Pool #Q34979 | 9,096 | ||||
33,265 | 3.00%, 7/1/45, Pool #Q34759 | 31,329 | ||||
46,345 | 4.00%, 8/1/45, Pool #Q35845 | 44,601 | ||||
9,093 | 4.00%, 9/1/45, Pool #Q37853 | 8,985 | ||||
160,184 | 3.50%, 11/1/45, Pool #Q37467 | 153,919 | ||||
4,159 | 4.00%, 11/1/45, Pool #Q38812 | 4,060 | ||||
1,683 | 4.00%, 2/1/46, Pool #Q38879 | 1,656 | ||||
8,614 | 4.00%, 2/1/46, Pool #Q38782 | 8,475 | ||||
11,468 | 4.00%, 2/1/46, Pool #Q38783 | 11,167 | ||||
25,341 | 4.00%, 4/1/46, Pool #V82292 | 24,950 | ||||
5,957 | 4.00%, 4/1/46, Pool #Q39975 | 5,859 | ||||
60,867 | 3.50%, 5/1/46, Pool #G60603 | 58,110 | ||||
52,831 | 3.50%, 5/1/46, Pool #Q40647 | 49,414 | ||||
182,691 | 3.50%, 5/1/46, Pool #G60553 | 173,446 | ||||
165,275 | 3.50%, 9/1/46, Pool #Q43257 | 157,765 | ||||
8,015 | 4.00%, 9/1/47, Pool #Q50433 | 7,887 | ||||
14,543 | 4.00%, 10/1/47, Pool #Q51189 | 14,309 | ||||
10,966 | 4.00%, 2/1/48, Pool #Q54192 | 10,759 | ||||
119,563 | 4.00%, 5/1/48, Pool #Q55992 | 117,314 | ||||
367,606 | 4.00%, 6/1/48, Pool #G67713 | 361,027 | ||||
45,376 | 4.00%, 7/1/48, Pool #Q59935 | 44,760 | ||||
347,907 | 2.50%, 10/1/50, Pool #SD7525 | 303,087 | ||||
500,491 | 2.50%, 11/1/50, Pool #SD7530 | 434,919 | ||||
39,619 | 2.50%, 2/1/51, Pool #SD7535 | 34,703 | ||||
357,664 | 1.50%, 4/1/51, Pool #QC0798 | 280,040 | ||||
129,980 | 2.00%, 5/1/51, Pool #SD7541 | 109,012 | ||||
594,447 | 3.00%, 5/1/51, Pool #QC1881 | 536,350 | ||||
13,575 | 2.00%, 7/1/51, Pool #QC4163 | 11,347 | ||||
140,179 | 3.00%, 9/1/51, Pool #QC7496 | 125,832 | ||||
318,483 | 2.00%, 10/1/51, Pool #RA6076 | 265,161 | ||||
463,189 | 2.00%, 11/1/51, Pool #RA6241 | 385,531 | ||||
183,387 | 2.00%, 11/1/51, Pool #RA6302 | 152,080 | ||||
186,250 | 2.00%, 12/1/51, Pool #RA6510 | 155,711 | ||||
1,096,440 | 2.50%, 12/1/51, Pool #RA6435 | 951,446 | ||||
326,256 | 2.50%, 1/1/52, Pool #RA6622 | 283,099 | ||||
281,191 | 2.00%, 2/1/52, Pool #RA6823 | 233,458 | ||||
562,948 | 2.00%, 2/1/52, Pool #RA6820 | 465,023 | ||||
237,696 | 3.50%, 3/1/52, Pool #RA6950 | 224,807 | ||||
612,336 | 3.00%, 3/1/52, Pool #RA6988 | 548,902 | ||||
228,169 | 3.50%, 3/1/52, Pool #RA6949 | 212,895 | ||||
149,756 | 3.00%, 3/1/52, Pool #SD2219 | 134,489 | ||||
49,251 | 4.00%, 10/1/52, Pool #SD1772 | 47,581 | ||||
98,699 | 5.00%, 11/1/52, Pool #SD1862 | 101,100 | ||||
|
|
|||||
11,318,462 | ||||||
|
|
|||||
Government National Mortgage Association (3.5%) |
||||||
3,698 | 5.00%, 6/15/34, Pool #629493 | 3,743 | ||||
2,432 | 5.00%, 3/15/38, Pool #676766 | 2,524 | ||||
1,559 | 5.00%, 4/15/38, Pool #672672 | 1,618 | ||||
5,463 | 5.00%, 8/15/38, Pool #687818 | 5,670 | ||||
47,222 | 5.00%, 1/15/39, Pool #705997 | 49,078 | ||||
592 | 5.00%, 3/15/39, Pool #697946 | 604 |
Principal Amount | Value | |||||
U.S. Government Agency Mortgages, continued |
||||||
Government National Mortgage Association, continued |
| |||||
$82,569 | 5.00%, 3/15/39, Pool #646746 | $ | 85,765 | |||
90,960 | 4.00%, 10/15/40, Pool #783143 | 88,382 | ||||
25,082 | 4.00%, 10/20/40, Pool #G24833 | 24,739 | ||||
75,466 | 4.00%, 1/20/41, Pool #4922 | 74,435 | ||||
208,116 | 4.50%, 3/20/41, Pool #4978 | 210,912 | ||||
154,090 | 4.00%, 5/20/41, Pool #5054 | 151,983 | ||||
72,634 | 4.50%, 5/20/41, Pool #005055 | 73,610 | ||||
72,360 | 4.50%, 6/15/41, Pool #366975 | 74,255 | ||||
48,299 | 4.50%, 6/20/41, Pool #005082 | 48,948 | ||||
195,175 | 3.50%, 12/20/41, Pool #5258 | 186,939 | ||||
339,733 | 4.00%, 1/20/42, Pool #5280 | 335,089 | ||||
120,574 | 3.00%, 12/20/42, Pool #MA0624 | 112,544 | ||||
187,187 | 3.00%, 12/20/42, Pool #AA5872 | 170,949 | ||||
21,078 | 3.00%, 1/20/43, Pool #MA0698 | 19,153 | ||||
260,012 | 3.50%, 2/20/43, Pool #MA0783 | 252,338 | ||||
53,262 | 3.00%, 3/20/43, Pool #AD8812 | 50,040 | ||||
121,862 | 3.00%, 3/20/43, Pool #AA6146 | 111,556 | ||||
34,416 | 3.50%, 3/20/43, Pool #AD8884 | 33,012 | ||||
13,150 | 3.50%, 4/20/43, Pool #AB9891 | 12,613 | ||||
35,513 | 3.50%, 4/20/43, Pool #AD9075 | 34,063 | ||||
3,021 | 4.00%, 7/20/44, Pool #MA2074 | 2,980 | ||||
131,588 | 4.00%, 4/15/46, Pool #784232 | 125,333 | ||||
19,911 | 3.50%, 7/20/46, Pool #784391 | 18,982 | ||||
11,021 | 3.00%, 10/20/46, Pool #MA4003 | 10,196 | ||||
574,628 | 3.00%, 12/20/46, Pool #MA4126 | 531,590 | ||||
57,755 | 4.00%, 1/15/47, Pool #AX5857 | 55,547 | ||||
50,501 | 4.00%, 1/15/47, Pool #AX5831 | 48,507 | ||||
181,470 | 3.00%, 1/20/47, Pool #MA4195 | 167,875 | ||||
109,051 | 3.00%, 2/20/47, Pool #MA4261 | 100,813 | ||||
184,118 | 4.00%, 4/20/47, Pool #784304 | 176,565 | ||||
183,815 | 4.00%, 4/20/47, Pool #784303 | 176,256 | ||||
54,780 | 4.00%, 4/20/48, Pool #BG7744 | 53,357 | ||||
64,370 | 4.00%, 4/20/48, Pool #BG3507 | 62,699 | ||||
248,250 | 2.00%, 11/20/50, Pool #MA6994 | 211,774 | ||||
397,478 | 2.00%, 1/20/51, Pool #MA7135 | 338,151 | ||||
288,979 | 2.00%, 2/20/51, Pool #MA7192 | 245,443 | ||||
700,000 | 4.50%, 4/20/53, TBA | 688,953 | ||||
75,000 | 2.50%, 4/20/53, TBA | 65,941 | ||||
50,000 | 4.00%, 4/20/53, TBA | 48,086 | ||||
100,000 | 2.00%, 5/20/53, TBA | 84,781 | ||||
250,000 | 2.50%, 5/20/53, TBA | 220,000 | ||||
300,000 | 2.50%, 6/20/53, TBA | 264,457 | ||||
100,000 | 2.00%, 6/20/53, TBA | 84,828 | ||||
|
|
|||||
5,997,676 | ||||||
|
|
|||||
Total U.S. Government Agency Mortgages (Cost $39,169,732) |
35,970,183 | |||||
|
|
|||||
U.S. Treasury Obligations (20.7%): |
||||||
U.S. Treasury Bonds (11.2%) |
||||||
3,103,000 | 1.75%, 8/15/41 | 2,241,917 | ||||
15,386,000 | 2.00%, 8/15/51 | 10,770,200 | ||||
6,100,000 | 3.63%, 2/15/53 | 6,030,422 | ||||
|
|
|||||
19,042,539 | ||||||
|
|
|||||
U.S. Treasury Notes (9.5%) |
||||||
3,500,000 | 4.00%, 2/29/28 | 3,559,609 | ||||
4,500,000 | 4.00%, 2/28/30 | 4,615,313 | ||||
8,000,000 | 3.50%, 2/15/33 | 8,006,250 | ||||
|
|
|||||
16,181,172 | ||||||
|
|
|||||
Total U.S. Treasury Obligations (Cost $40,464,678) |
35,223,711 | |||||
|
|
See accompanying notes to the schedules of portfolio investments.
140
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Short-Term Security Held as Collateral for Securities on Loan (0.5%): | ||||||
933,234 | BlackRock Liquidity FedFund, Institutional Class , 2.54%(f)(g) | $ | 933,234 | |||
|
|
Principal Amount | Value | |||||
Short-Term Security Held as Collateral for Securities on Loan, continued | ||||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $933,234) | $ | 933,234 | ||||
|
|
|||||
Total Investment Securities (Cost $188,894,342) 99.9% |
170,460,254 | |||||
Net other assets (liabilities) 0.1% | 233,773 | |||||
|
|
|||||
Net Assets 100.0% | $ | 170,694,027 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023
GO | - | General Obligation | ||
H15T1Y | - | 1 Year Treasury Constant Maturity Rate | ||
H15T5Y | - | 5 Year Treasury Constant Maturity Rate | ||
LIBOR | - | London Interbank Offered Rate | ||
SOFR | - | Secured Overnight Financing Rate | ||
TBA | - | To Be Announced Security | ||
US0001M | - | 1 Month US Dollar LIBOR | ||
US0003M | - | 3 Month US Dollar LIBOR | ||
USSW5 | - | USD 5 Year Swap Rate |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $905,094. |
+ | This security, in part or entirely, represents an unfunded loan commitment. |
| Represents less than 0.05%. |
* | Non-income producing security. |
(a) | Security was valued using unobservable inputs as of March 31, 2023. |
(b) | Rule 144A, Section 4(2) or other security which is restricted to resale to institutional investors. |
(c) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at March 31, 2023. |
(d) | 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 March 31, 2023, these securities represent 0.46% of the net assets of the fund. |
(e) | Defaulted bond. |
(f) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(g) | The rate represents the effective yield at March 31, 2023. |
Amounts shown as are either 0 or round to less than 1.
The following represents the concentrations by country of risk (based on the domicile of the security issuer) relative to the total value of investments as of March 31, 2023:
(Unaudited)
Country | Percentage | |||
Argentina | 0.2% | |||
Australia | 0.2% | |||
Brazil | % | | ||
Canada | 0.5% | |||
Cayman Islands | 4.3% | |||
Colombia | % | | ||
Dominican Republic | 0.4% | |||
Finland | % | | ||
France | 0.4% | |||
Germany | 0.4% | |||
Guernsey | 0.4% | |||
Hong Kong | 0.2% | |||
Indonesia | 0.2% | |||
Ireland | 0.4% | |||
Italy | 0.4% | |||
Jersey | 0.1% | |||
Luxembourg | 0.5% | |||
Macau | % | | ||
Mexico | 1.0% | |||
Netherlands | 0.3% | |||
Qatar | 0.1% | |||
Saudi Arabia | 0.1% | |||
Spain | % | | ||
Supranational | 0.2% |
See accompanying notes to the schedules of portfolio investments.
141
AZL Fidelity Institutional Asset Management Total Bond Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Country | Percentage | |||
Switzerland | 0.4% | |||
United Arab Emirates | 0.1% |
Country | Percentage | |||
United Kingdom | 1.1% | |||
United States | 88.1% | |||
Zambia | % | | ||
|
|
|||
100.0% | ||||
|
|
| Represents less than 0.05%. |
Securities Sold Short (-0.7%):
At March 31, 2023, the Funds securities sold short were as follows:
Security Description | Coupon Rate |
Maturity Date | Par Amount | Proceeds Received |
Fair Value | |||||||||||||||
U.S. Government Agency Mortgages |
||||||||||||||||||||
Federal National Mortgage Association |
||||||||||||||||||||
Federal National Mortgage Association, TBA |
4.00% | 9/25/52 | $ | (1,125,000) | $ | (1,078,770) | $ | (1,101,269) | ||||||||||||
Federal National Mortgage Association, TBA |
4.00% | 1/25/53 | (50,000) | (41,195) | (41,258) | |||||||||||||||
|
|
|
|
|||||||||||||||||
$(1,119,965) | $(1,142,527) | |||||||||||||||||||
|
|
|
|
See accompanying notes to the schedules of portfolio investments.
142
AZL International Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (98.0%): |
||||||
Aerospace & Defense (1.6%): |
||||||
48,407 | Airbus SE | $ | 6,484,301 | |||
254,790 | BAE Systems plc | 3,088,310 | ||||
2,153 | Dassault Aviation SA | 426,419 | ||||
2,295 | Elbit Systems, Ltd. | 390,155 | ||||
7,036 | Kongsberg Gruppen ASA | 284,309 | ||||
4,312 | MTU Aero Engines AG | 1,078,211 | ||||
3,532 | Rheinmetall AG | 1,049,138 | ||||
675,295 | Rolls-Royce Holdings plc* | 1,247,010 | ||||
28,024 | Safran SA | 4,161,336 | ||||
127,200 | Singapore Technologies Engineering, Ltd. | 351,052 | ||||
8,612 | Thales SA | 1,273,076 | ||||
|
|
|||||
19,833,317 | ||||||
|
|
|||||
Air Freight & Logistics (0.6%): |
||||||
81,398 | Deutsche Post AG | 3,801,767 | ||||
15,451 | DSV A/S | 2,982,623 | ||||
5,800 | Nippon Express Holdings Co., Ltd. | 349,575 | ||||
25,300 | SG Holdings Co., Ltd. | 374,920 | ||||
21,600 | Yamato Holdings Co., Ltd. | 370,558 | ||||
|
|
|||||
7,879,443 | ||||||
|
|
|||||
Automobile Components (3.5%): |
| |||||
13,000 | Aisin Sieki Co., Ltd. | 358,306 | ||||
26,721 | Bayerische Motoren Werke AG (BMW) | 2,925,456 | ||||
46,100 | Bridgestone Corp. | 1,872,969 | ||||
54,750 | Cie Generale des Etablissements Michelin SCA* | 1,675,621 | ||||
9,114 | Continental AG | 681,128 | ||||
65,703 | Daimler AG, Registered Shares | 5,046,688 | ||||
35,000 | Denso Corp. | 1,975,939 | ||||
9,709 | Dr Ing hc F Porsche AG* | 1,242,486 | ||||
10,407 | Ferrari NV | 2,818,355 | ||||
134,000 | Honda Motor Co., Ltd. | 3,564,902 | ||||
49,200 | Isuzu Motors, Ltd. | 588,923 | ||||
16,300 | Koito Manufacturing Co., Ltd. | 308,770 | ||||
46,900 | Mazda Motor Corp. | 436,696 | ||||
191,700 | Nissan Motor Co., Ltd. | 729,393 | ||||
16,054 | Renault SA* | 655,403 | ||||
10,732 | Stellantis NV | 195,261 | ||||
170,799 | Stellantis NV | 3,107,267 | ||||
50,400 | Subaru Corp. | 806,811 | ||||
59,100 | Sumitomo Electric Industries, Ltd. | 759,420 | ||||
29,700 | Suzuki Motor Corp. | 1,081,139 | ||||
868,330 | Toyota Motor Corp. | 12,362,260 | ||||
18,025 | Valeo SA | 370,895 | ||||
2,396 | Volkswagen AG | 410,543 | ||||
45,248 | Volvo Car AB, Class B* | 198,055 | ||||
25,000 | Yamaha Motor Co., Ltd. | 655,179 | ||||
|
|
|||||
44,827,865 | ||||||
|
|
|||||
Banks (9.0%): |
||||||
34,205 | ABN AMRO Group NV | 543,260 | ||||
81,200 | AIB Group plc | 330,693 | ||||
245,283 | ANZ Group Holdings, Ltd. | 3,777,557 | ||||
495,388 | Banco Bilbao Vizcaya Argentaria SA^ | 3,538,838 | ||||
1,375,220 | Banco Santander SA | 5,122,499 | ||||
96,434 | Bank Hapoalim BM | 803,599 | ||||
124,590 | Bank Leumi Le-Israel BM | 942,890 | ||||
87,644 | Bank of Ireland Group plc | 886,800 | ||||
2,155 | Banque Cantonale Vaudoise, Registered Shares | 203,348 | ||||
1,279,563 | Barclays plc | 2,309,896 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Banks, continued |
||||||
90,967 | BNP Paribas SA | $ | 5,440,205 | |||
299,000 | BOC Hong Kong Holdings, Ltd. | 929,253 | ||||
372,886 | CaixaBank SA | 1,451,562 | ||||
41,200 | Chiba Bank, Ltd. (The) | 266,079 | ||||
85,909 | Commerzbank AG* | 903,694 | ||||
138,757 | Commonwealth Bank of Australia^ | 9,134,087 | ||||
94,800 | Concordia Financial Group, Ltd. | 349,944 | ||||
98,218 | Credit Agricole SA | 1,110,263 | ||||
55,665 | Danske Bank A/S* | 1,119,669 | ||||
146,100 | DBS Group Holdings, Ltd. | 3,631,727 | ||||
75,072 | DNB Bank ASA | 1,347,219 | ||||
27,754 | Erste Group Bank AG | 917,921 | ||||
50,162 | Finecobank Banca Fineco SpA | 771,318 | ||||
4,757 | First International Bank Of Israel, Ltd. (The) | 168,432 | ||||
62,600 | Hang Seng Bank, Ltd. | 888,095 | ||||
1,634,880 | HSBC Holdings plc | 11,128,539 | ||||
305,568 | ING Groep NV | 3,635,026 | ||||
1,326,844 | Intesa Sanpaolo SpA | 3,414,499 | ||||
105,115 | Isreal Discount Bank | 517,412 | ||||
120,700 | Japan Post Bank Co., Ltd. | 987,313 | ||||
21,094 | KBC Group NV | 1,450,104 | ||||
5,535,247 | Lloyds Banking Group plc | 3,264,959 | ||||
50,914 | Mediobanca SpA | 512,636 | ||||
978,800 | Mitsubishi UFJ Financial Group, Inc. | 6,280,890 | ||||
12,599 | Mizrahi Tefahot Bank, Ltd. | 395,629 | ||||
198,763 | Mizuho Financial Group, Inc. | 2,819,177 | ||||
258,156 | National Australia Bank, Ltd. | 4,791,343 | ||||
447,242 | NatWest Group PLC | 1,461,069 | ||||
272,214 | Nordea Bank AB | 2,906,263 | ||||
273,199 | Oversea-Chinese Banking Corp., Ltd. | 2,548,048 | ||||
175,187 | Resona Holdings, Inc. | 846,954 | ||||
317,881 | Sberbank of Russia*(a) | | ||||
33,000 | Shizuoka Financial Group, Inc. | 237,247 | ||||
12,520 | SinoPac Financial Holdings Co., Ltd. | 6,850 | ||||
135,817 | Skandinaviska Enskilda Banken AB, Class A* | 1,498,423 | ||||
65,159 | Societe Generale | 1,470,679 | ||||
198,574 | Standard Chartered plc | 1,510,648 | ||||
106,969 | Sumitomo Mitsui Financial Group, Inc. | 4,289,673 | ||||
26,803 | Sumitomo Mitsui Trust Holdings, Inc. | 918,337 | ||||
117,713 | Svenska Handelsbanken AB, Class A | 1,019,233 | ||||
76,411 | Swedbank AB, Class A^ | 1,254,472 | ||||
3,719 | TCS Group Holding plc, GDR*(a) | | ||||
| Turkiye Is Bankasi AS, Class C* | | ||||
158,376 | Unicredit SpA | 2,999,439 | ||||
95,173 | United Overseas Bank, Ltd. | 2,136,025 | ||||
97,280,589 | VTB Bank PJSC*(a) | | ||||
286,776 | Westpac Banking Corp. | 4,158,986 | ||||
|
|
|||||
115,348,721 | ||||||
|
|
|||||
Beverages (2.1%): |
||||||
71,125 | Anheuser-Busch InBev NV | 4,742,300 | ||||
36,800 | Asahi Breweries, Ltd. | 1,370,219 | ||||
137,100 | Budweiser Brewing Co. APAC, Ltd. | 416,350 | ||||
7,856 | Carlsberg A/S, Class B | 1,214,829 | ||||
16,734 | Coca-Cola European Partners plc | 987,253 | ||||
16,149 | Coca-Cola HBC AG | 441,685 | ||||
39,691 | David Campari-Milano NV | 484,069 | ||||
186,160 | Diageo plc | 8,307,019 | ||||
9,551 | Heineken Holding NV | 877,248 |
See accompanying notes to the schedules of portfolio investments.
143
AZL International Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Beverages, continued |
||||||
21,507 | Heineken NV | $ | 2,315,115 | |||
66,500 | Kirin Holdings Co., Ltd. | 1,052,513 | ||||
16,941 | Pernod Ricard SA | 3,838,130 | ||||
1,876 | Remy Cointreau SA | 341,890 | ||||
10,600 | Suntory Beverage & Food, Ltd. | 395,085 | ||||
61,820 | Treasury Wine Estates, Ltd. | 542,188 | ||||
|
|
|||||
27,325,893 | ||||||
|
|
|||||
Biotechnology (0.9%): |
||||||
4,465 | Argenx SE* | 1,658,018 | ||||
110 | Celltrion, Inc. | 12,756 | ||||
39,487 | CSL, Ltd. | 7,617,267 | ||||
5,486 | Genmab A/S* | 2,071,728 | ||||
22,071 | Grifols SA* | 218,356 | ||||
13,318 | Swedish Orphan Biovitrum AB* | 310,522 | ||||
|
|
|||||
11,888,647 | ||||||
|
|
|||||
Broadline Retail (0.8%): |
||||||
269 | Hanwha Galleria Co., Ltd.* | 441 | ||||
10,534 | Next plc | 855,898 | ||||
965 | Ozon Holdings plc, ADR*(a) | | ||||
31,900 | Pan Pacific International Holdings Corp. | 617,384 | ||||
65,634 | Prosus NV | 5,132,264 | ||||
66,400 | Rakuten, Inc. | 309,689 | ||||
93,393 | Wesfarmers, Ltd. | 3,147,458 | ||||
|
|
|||||
10,063,134 | ||||||
|
|
|||||
Building Products (1.1%): |
||||||
16,400 | AGC, Inc. | 611,392 | ||||
83,441 | ASSA Abloy AB, Class B | 2,004,138 | ||||
40,606 | Cie de Saint-Gobain | 2,311,797 | ||||
20,500 | Daikin Industries, Ltd. | 3,675,802 | ||||
2,895 | Geberit AG, Registered Shares | 1,619,370 | ||||
12,620 | Kingspan Group plc | 866,251 | ||||
24,300 | Lixil Corp. | 400,786 | ||||
122,306 | Nibe Industrier AB, Class B | 1,395,272 | ||||
817 | ROCKWOOL A/S, Class B | 199,935 | ||||
10,800 | TOTO, Ltd. | 361,873 | ||||
166,000 | Xinyi Glass Holdings, Ltd. | 296,903 | ||||
|
|
|||||
13,743,519 | ||||||
|
|
|||||
Capital Markets (2.6%): |
||||||
81,853 | 3i Group plc | 1,706,493 | ||||
4,937 | Amundi SA | 311,871 | ||||
16,066 | ASX, Ltd. | 699,346 | ||||
295,824 | Credit Suisse Group AG | 266,609 | ||||
114,100 | Daiwa Securities Group, Inc. | 536,211 | ||||
166,796 | Deutsche Bank AG | 1,691,180 | ||||
15,676 | Deutsche Boerse AG | 3,050,602 | ||||
28,691 | EQT AB | 587,050 | ||||
7,317 | Euronext NV | 560,226 | ||||
5,487 | Futu Holdings, Ltd., ADR* | 284,501 | ||||
27,012 | Hargreaves Lansdown plc | 267,284 | ||||
91,493 | Hong Kong Exchanges & Clearing, Ltd. | 4,060,998 | ||||
42,200 | Japan Exchange Group, Inc. | 643,944 | ||||
17,255 | Julius Baer Group, Ltd. | 1,181,762 | ||||
31,188 | London Stock Exchange Group plc | 3,030,480 | ||||
30,130 | Macquarie Group, Ltd. | 3,548,602 | ||||
235,900 | Nomura Holdings, Inc. | 910,749 | ||||
1,832 | Partners Group Holding AG | 1,727,747 | ||||
18,590 | SBI Holdings, Inc. | 369,020 | ||||
74,473 | Schroders PLC | 424,308 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Capital Markets, continued |
||||||
64,600 | Singapore Exchange, Ltd. | $ | 458,191 | |||
45,639 | St. James Place plc | 683,604 | ||||
154,007 | Standard Life Aberdeen plc | 387,792 | ||||
45,462 | The Moscow Exchange*(a) | | ||||
274,186 | UBS Group AG | 5,791,337 | ||||
|
|
|||||
33,179,907 | ||||||
|
|
|||||
Chemicals (3.1%): |
||||||
42,859 | Air Liquide SA | 7,179,473 | ||||
14,657 | Akzo Nobel NV | 1,143,905 | ||||
5,156 | Arkema SA | 509,936 | ||||
103,200 | Asahi Kasei Corp. | 723,849 | ||||
75,361 | BASF SE | 3,952,018 | ||||
8,009 | Christian Hansen Holding A/S | 607,879 | ||||
17,007 | Clariant AG | 282,287 | ||||
16,214 | Covestro AG | 670,563 | ||||
11,396 | Croda International plc | 915,218 | ||||
586 | EMS-Chemie Holding AG | 484,363 | ||||
15,923 | Evonik Industries AG | 334,268 | ||||
765 | Givaudan SA, Registered Shares | 2,493,505 | ||||
2,390 | Hanwha Solutions Corp.* | 99,580 | ||||
53,836 | ICL Group, Ltd. | 364,438 | ||||
15,179 | Johnson Matthey plc | 371,922 | ||||
14,100 | JSR Corp. | 333,327 | ||||
14,106 | Koninklijke DSM NV | 1,667,069 | ||||
107,500 | Mitsubishi Chemical Holdings Corp. | 639,698 | ||||
13,900 | Mitsui Chemicals, Inc. | 358,950 | ||||
69,900 | Nippon Paint Holdings Co., Ltd. | 656,978 | ||||
13,900 | Nippon Sanso Holdings Corp. | 250,935 | ||||
10,600 | Nissan Chemical Corp. | 481,681 | ||||
11,800 | Nitto Denko Corp. | 762,658 | ||||
16,801 | Novozymes A/S, Class B | 860,693 | ||||
8,000 | OCI NV | 271,542 | ||||
34,383 | Orica, Ltd. | 355,230 | ||||
1,447 | PhosAgro PJSC*(a) | | ||||
27 | Phosagro Public Joint Stock Co., GDR*(a) |
| ||||
151,500 | Shin-Etsu Chemical Co., Ltd. | 4,914,390 | ||||
12,008 | Sika AG | 3,371,400 | ||||
6,168 | Solvay SA | 706,380 | ||||
121,000 | Sumitomo Chemical Co., Ltd. | 407,061 | ||||
10,716 | Symrise AG | 1,164,042 | ||||
115,800 | Toray Industries, Inc. | 662,109 | ||||
19,100 | Tosoh Corp. | 259,543 | ||||
17,362 | Umicore SA | 589,524 | ||||
12,572 | Yara International ASA | 547,615 | ||||
|
|
|||||
39,394,029 | ||||||
|
|
|||||
Commercial Services & Supplies (0.4%): |
||||||
112,326 | Brambles, Ltd. | 1,010,928 | ||||
18,700 | Dai Nippon Printing Co., Ltd. | 522,551 | ||||
203,376 | Rentokil Initial plc | 1,486,795 | ||||
17,000 | Secom Co., Ltd. | 1,046,476 | ||||
37,053 | Securitas AB, Class B | 330,492 | ||||
21,600 | TOPPAN, INC. | 435,175 | ||||
|
|
|||||
4,832,417 | ||||||
|
|
|||||
Communications Equipment (0.3%): |
||||||
449,614 | Nokia OYJ | 2,210,363 | ||||
235,556 | Telefonaktiebolaget LM Ericsson, Class B^ | 1,384,262 | ||||
|
|
|||||
3,594,625 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
144
AZL International Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Construction & Engineering (0.8%): |
||||||
18,394 | ACS Actividades de Construccion y Servicios SA | $ | 586,066 | |||
17,061 | Bouygues SA | 575,374 | ||||
6,869 | Eiffage SA | 743,500 | ||||
39,327 | Ferrovial SA | 1,156,775 | ||||
36,600 | Kajima Corp. | 441,810 | ||||
49,300 | Obayashi Corp. | 377,446 | ||||
49,400 | Shimizu Corp. | 279,902 | ||||
28,674 | Skanska AB, Class B^ | 439,451 | ||||
15,500 | Taisei Corp. | 479,255 | ||||
44,070 | Vinci SA | 5,056,540 | ||||
|
|
|||||
10,136,119 | ||||||
|
|
|||||
Construction Materials (0.6%): |
||||||
60,289 | CRH plc | 3,046,611 | ||||
11,884 | HeidelbergCement AG | 866,743 | ||||
45,728 | Holcim, Ltd. | 2,950,583 | ||||
36,770 | James Hardie Industries SE | 789,110 | ||||
|
|
|||||
7,653,047 | ||||||
|
|
|||||
Consumer Finance (0.0%): |
||||||
| Isracard, Ltd. | 2 | ||||
|
|
|||||
Consumer Staples Distribution & Retail (1.3%): |
||||||
52,900 | AEON Co., Ltd. | 1,025,667 | ||||
48,162 | Carrefour SA | 973,543 | ||||
113,199 | Coles Group, Ltd. | 1,364,556 | ||||
118,540 | Endeavour Group, Ltd. | 537,465 | ||||
14,430 | HelloFresh SE* | 343,579 | ||||
23,703 | Jeronimo Martins SGPS SA | 555,807 | ||||
22,901 | Kesko Oyj, Class B | 492,522 | ||||
11,400 | Kobe Bussan Co., Ltd. | 318,231 | ||||
86,290 | Koninklijke Ahold Delhaize NV | 2,951,312 | ||||
9,900 | MatsukiyoCocokara & Co. | 524,377 | ||||
47,375 | Ocado Group plc* | 314,366 | ||||
62,200 | Seven & I Holdings Co., Ltd. | 2,806,152 | ||||
597,360 | Tesco plc | 1,958,469 | ||||
6,600 | Welcia Holdings Co., Ltd. | 141,237 | ||||
98,174 | Woolworths Group, Ltd. | 2,489,162 | ||||
3,565 | X5 Retail Group NV, GDR*(a) | | ||||
|
|
|||||
16,796,445 | ||||||
|
|
|||||
Consumer Staples Products (0.0%): |
||||||
133,541 | J Sainsbury plc | 459,787 | ||||
|
|
|||||
Containers & Packaging (0.1%): |
||||||
23,221 | SIG Group AB | 597,550 | ||||
20,419 | Smurfit Kappa Group plc | 741,225 | ||||
|
|
|||||
1,338,775 | ||||||
|
|
|||||
Distributors (0.0%): |
||||||
2,056 | Dieteren Group | 399,906 | ||||
|
|
|||||
Diversified Consumer Services (0.1%): |
||||||
18,013 | IDP Education, Ltd. | 330,433 | ||||
55,002 | Pearson plc | 573,913 | ||||
|
|
|||||
904,346 | ||||||
|
|
|||||
Diversified REITs (1.1%): |
||||||
71,275 | British Land Co. plc | 342,190 | ||||
285,583 | CapitaLand Ascendas REIT | 616,738 | ||||
446,713 | CapitaLand Mall Trust | 667,169 | ||||
3,599 | Covivio | 209,836 | ||||
167 | Daiwahouse Residential Investment Corp. | 342,622 | ||||
91,238 | Dexus | 462,179 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Diversified REITs, continued |
||||||
3,809 | Gecina SA | $ | 395,876 | |||
340 | GLP J-REIT | 367,293 | ||||
141,326 | Goodman Group | 1,797,003 | ||||
160,534 | GPT Group | 459,597 | ||||
591 | Japan Metropolitan Fund Invest | 431,329 | ||||
100 | Japan Real Estate Investment Corp. | 398,559 | ||||
17,429 | Klepierre^ | 395,204 | ||||
59,731 | Land Securities Group plc | 459,025 | ||||
215,520 | Link REIT (The) | 1,382,181 | ||||
271,034 | Mapletree Logistics Trust | 349,818 | ||||
182,400 | Mapletree Pan Asia Commercial Trust | 247,801 | ||||
336,024 | Mirvac Group | 471,304 | ||||
126 | Nippon Building Fund, Inc. | 523,971 | ||||
184 | Nippon Prologis REIT, Inc. | 390,052 | ||||
322 | Nomura Real Estate Master Fund, Inc. | 361,117 | ||||
424,787 | Scentre Group | 787,987 | ||||
98,328 | Segro plc | 935,746 | ||||
201,393 | Stockland | 539,409 | ||||
9,878 | Unibail-Rodamco-Westfield*^ | 532,108 | ||||
293,814 | Vicinity Centres | 384,735 | ||||
12,391 | Warehouses De Pauw CVA | 368,418 | ||||
|
|
|||||
14,619,267 | ||||||
|
|
|||||
Diversified Telecommunication Services (1.9%): |
||||||
155,570 | Bezeq The Israeli Telecommunication Corp., Ltd. | 212,230 | ||||
561,580 | BT Group plc | 1,010,316 | ||||
47,213 | Cellnex Telecom SAU | 1,837,632 | ||||
265,407 | Deutsche Telekom AG | 6,427,798 | ||||
10,800 | Elisa OYJ | 650,827 | ||||
333,525 | HKT Trust & HKT, Ltd. | 444,040 | ||||
28,522 | Infrastrutture Wireless Italiane SpA | 375,916 | ||||
268,346 | Koninklijke KPN NV | 947,680 | ||||
98,604 | Nippon Telegraph & Telephone Corp. | 2,945,387 | ||||
166,264 | Orange SA | 1,975,393 | ||||
666,400 | Singapore Telecommunications, Ltd. | 1,235,146 | ||||
142,233 | Spark New Zealand, Ltd. | 450,935 | ||||
2,186 | Swisscom AG | 1,395,186 | ||||
761,503 | Telecom Italia SpA* | 252,407 | ||||
87,057 | Telefonica Deutschland Holding AG | 267,867 | ||||
419,474 | Telefonica SA | 1,809,941 | ||||
58,453 | Telenor ASA | 686,526 | ||||
225,638 | Telia Co AB^ | 573,566 | ||||
329,257 | Telstra Corp., Ltd. | 929,902 | ||||
7,102 | United Internet AG, Registered Shares | 122,250 | ||||
|
|
|||||
24,550,945 | ||||||
|
|
|||||
Electric Utilities (1.8%): |
||||||
2,028 | Acciona SA | 406,326 | ||||
1,549 | BKW AG | 243,537 | ||||
54,500 | Chubu Electric Power Co., Inc. | 575,233 | ||||
52,070 | CK Infrastructure Holdings, Ltd. | 284,305 | ||||
133,500 | CLP Holdings, Ltd. | 965,028 | ||||
236,366 | EDP - Energias de Portugal SA | 1,287,855 | ||||
2,469 | Elia Group SA/NV | 326,034 | ||||
26,114 | Endesa SA | 567,003 | ||||
667,202 | Enel SpA | 4,074,416 | ||||
37,972 | Fortum OYJ* | 582,369 | ||||
503,164 | Iberdrola SA | 6,266,960 | ||||
952,130 | Inter Rao Ues PJSC*(a) | | ||||
59,800 | Kansai Electric Power Co., Inc. (The) | 582,612 | ||||
62,734 | Mercury NZ, Ltd. | 247,896 |
See accompanying notes to the schedules of portfolio investments.
145
AZL International Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Electric Utilities, continued |
||||||
141,758 | Origin Energy, Ltd. | $ | 785,335 | |||
15,267 | Orsted A/S | 1,302,419 | ||||
116,500 | Power Assets Holdings, Ltd. | 624,259 | ||||
30,305 | Red Electrica Corp SA | 533,029 | ||||
90,126 | Scottish & Southern Energy plc | 2,007,185 | ||||
114,749 | Terna SpA | 941,695 | ||||
122,700 | Tokyo Electric Power Co. Holdings, Inc.* | 437,968 | ||||
5,873 | Verbund AG, Class A | 510,567 | ||||
|
|
|||||
23,552,031 | ||||||
|
|
|||||
Electrical Equipment (1.7%): |
||||||
128,707 | ABB, Ltd. | 4,414,835 | ||||
10,100 | Fuji Electric Co., Ltd. | 398,596 | ||||
22,198 | Legrand SA | 2,030,247 | ||||
156,000 | Mitsubishi Electric Corp. | 1,863,388 | ||||
36,100 | Nidec Corp. | 1,874,104 | ||||
20,835 | Prysmian SpA | 877,119 | ||||
44,426 | Schneider Electric SA | 7,425,955 | ||||
42,802 | Siemens Energy AG* | 939,437 | ||||
81,500 | Vestas Wind Systems A/S | 2,361,564 | ||||
|
|
|||||
22,185,245 | ||||||
|
|
|||||
Electronic Equipment, Instruments & Components (1.5%): |
| |||||
10,400 | Azbil Corp. | 284,562 | ||||
31,235 | Halma plc | 862,152 | ||||
11,700 | Hamamatsu Photonics KK | 631,644 | ||||
157,083 | Hexagon AB, Class B | 1,808,261 | ||||
2,214 | Hirose Electric Co., Ltd. | 289,725 | ||||
9,300 | Ibiden Co., Ltd. | 373,163 | ||||
15,980 | Keyence Corp. | 7,835,345 | ||||
25,900 | Kyocera Corp. | 1,351,242 | ||||
47,500 | Murata Manufacturing Co., Ltd. | 2,900,861 | ||||
15,200 | Omron Corp. | 889,467 | ||||
20,100 | Shimadzu Corp. | 630,586 | ||||
31,400 | TDK Corp. | 1,126,999 | ||||
22,100 | Venture Corp., Ltd. | 294,446 | ||||
17,300 | Yokogawa Electric Corp. | 281,626 | ||||
|
|
|||||
19,560,079 | ||||||
|
|
|||||
Energy Equipment & Services (0.0%): |
||||||
39,743 | Tenaris SA | 565,172 | ||||
|
|
|||||
Entertainment (0.9%): |
||||||
70,633 | Bollore, Inc.^ | 435,910 | ||||
15,100 | Capcom Co., Ltd. | 540,244 | ||||
49,180 | Embracer Group AB* | 230,812 | ||||
8,260 | Koei Tecmo Holdings Co., Ltd. | 149,231 | ||||
7,100 | Konami Holdings Corp. | 325,977 | ||||
38,900 | Nexon Co., Ltd. | 928,867 | ||||
90,700 | Nintendo Co., Ltd. | 3,516,426 | ||||
29,973 | Sea, Ltd., ADR* | 2,594,163 | ||||
6,500 | Square Enix Holdings Co., Ltd. | 312,365 | ||||
9,200 | Toho Co., Ltd. | 352,330 | ||||
61,199 | Universal Music Group NV | 1,546,907 | ||||
|
|
|||||
10,933,232 | ||||||
|
|
|||||
Financial Services (0.8%): |
||||||
3,632 | Eurazeo SE | 258,733 | ||||
8,959 | EXOR NV* | 738,189 | ||||
8,293 | Groupe Bruxelles Lambert SA | 708,051 | ||||
10,704 | Industrivarden AB, Class A | 289,393 | ||||
11,693 | Industrivarden AB, Class C | 315,626 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Financial Services, continued |
||||||
40,970 | Investor AB | $ | 836,665 | |||
150,290 | Investor AB, Class B | 2,995,027 | ||||
18,428 | Kinnevik AB, Class B* | 276,245 | ||||
6,582 | L E Lundbergforetagen AB | 298,331 | ||||
189,651 | M&G plc | 464,448 | ||||
50,900 | Mitsubishi HC Capital, Inc. | 263,105 | ||||
96,500 | ORIX Corp. | 1,591,716 | ||||
1,204 | Sofina SA | 271,149 | ||||
2,005 | Wendel | 212,340 | ||||
19,597 | Worldline SA* | 832,782 | ||||
|
|
|||||
10,351,800 | ||||||
|
|
|||||
Food & Staples Retailing (0.0%): |
||||||
2,004 | Magnit PJSC*(a) | | ||||
|
|
|||||
Food Products (3.3%): |
||||||
36,800 | Ajinomoto Co., Inc. | 1,280,778 | ||||
29,499 | Associated British Foods plc | 707,863 | ||||
302 | Barry Callebaut AG, Registered Shares | 641,339 | ||||
274,400 | China Huishan Dairy Holdings Co., Ltd.*(a) |
| ||||
9 | Chocoladefabriken Lindt & Spruengli AG | 1,062,887 | ||||
52,856 | Danone SA | 3,285,654 | ||||
7,602 | JDE Peets NV | 221,095 | ||||
12,854 | Kerry Group plc, Class A | 1,280,902 | ||||
12,300 | Kikkoman Corp. | 627,520 | ||||
85 | Lindt & Spruengli AG | 1,005,898 | ||||
16,904 | Meiji Holdings Co., Ltd. | 402,048 | ||||
35,096 | Mowi ASA | 650,246 | ||||
225,185 | Nestle SA | 27,497,380 | ||||
14,545 | Nisshin Seifun Group, Inc. | 170,223 | ||||
5,100 | Nissin Foods Holdings Co., Ltd. | 466,497 | ||||
61,109 | Orkla ASA, Class A | 434,287 | ||||
5,798 | Salmar ASA | 253,178 | ||||
664,797 | WH Group, Ltd. | 395,144 | ||||
166,500 | Wilmar International, Ltd. | 528,511 | ||||
10,600 | Yakult Honsha Co., Ltd. | 770,704 | ||||
|
|
|||||
41,682,154 | ||||||
|
|
|||||
Gas Utilities (0.3%): |
||||||
98,509 | APA Group | 668,328 | ||||
18,899 | Enagas SA | 363,012 | ||||
918,135 | Hong Kong & China Gas Co., Ltd. | 811,187 | ||||
11,581 | Naturgy Energy Group SA^ | 348,562 | ||||
30,400 | Osaka Gas Co., Ltd. | 499,903 | ||||
165,445 | Snam SpA | 878,124 | ||||
32,900 | Tokyo Gas Co., Ltd. | 619,591 | ||||
|
|
|||||
4,188,707 | ||||||
|
|
|||||
Ground Transportation (0.6%): |
||||||
139,342 | Aurizon Holdings, Ltd. | 313,631 | ||||
12,200 | Central Japan Railway Co. | 1,456,725 | ||||
24,413 | East Japan Railway Co. | 1,350,201 | ||||
105,487 | Grab Holdings, Ltd.* | 317,516 | ||||
18,700 | Hankyu Hanshin Holdings, Inc. | 554,949 | ||||
8,100 | Keio Corp. | 284,072 | ||||
10,500 | Keisei Electric Railway Co., Ltd. | 323,314 | ||||
14,700 | Kintetsu Group Holdings Co., Ltd. | 472,832 | ||||
129,494 | MTR Corp., Ltd. | 626,400 | ||||
23,500 | Odakyu Electric Railway Co., Ltd. | 305,184 | ||||
14,300 | Tobu Railway Co., Ltd. | 342,148 | ||||
45,000 | Tokyu Corp. | 598,541 |
See accompanying notes to the schedules of portfolio investments.
146
AZL International Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Ground Transportation, continued |
||||||
18,300 | West Japan Railway Co. | $ | 753,961 | |||
|
|
|||||
7,699,474 | ||||||
|
|
|||||
Health Care Equipment & Supplies (2.0%): |
||||||
40,328 | Alcon, Inc. | 2,862,108 | ||||
17,500 | Asahi Intecc Co., Ltd. | 309,726 | ||||
3,694 | BioMerieux | 389,703 | ||||
3,472 | Carl Zeiss Meditec AG | 482,163 | ||||
5,393 | Cochlear, Ltd. | 854,676 | ||||
9,588 | Coloplast A/S, Class B | 1,262,138 | ||||
7,748 | Demant A/S* | 271,932 | ||||
1,912 | DiaSorin SpA | 201,714 | ||||
23,829 | EssilorLuxottica SA | 4,301,362 | ||||
47,674 | Fisher & Paykel Healthcare Corp., Ltd. | 796,000 | ||||
17,368 | Getinge AB, Class B | 424,512 | ||||
29,400 | Hoya Corp. | 3,251,513 | ||||
71,771 | Koninklijke Philips NV | 1,310,119 | ||||
98,600 | Olympus Corp. | 1,731,814 | ||||
22,758 | Siemens Healthineers AG | 1,308,786 | ||||
70,295 | Smith & Nephew plc | 977,880 | ||||
4,195 | Sonova Holding AG | 1,237,374 | ||||
9,455 | Straumann Holding AG, Class R | 1,418,338 | ||||
13,700 | Sysmex Corp. | 899,474 | ||||
54,400 | Terumo Corp. | 1,468,774 | ||||
|
|
|||||
25,760,106 | ||||||
|
|
|||||
Health Care Providers & Services (0.3%): |
||||||
10,391 | Amplifon SpA | 361,162 | ||||
106 | Celltrion Healthcare Co., Ltd. | 4,927 | ||||
13,978 | EBOS Group, Ltd. | 407,168 | ||||
17,120 | Fresenius Medical Care AG & Co., KGaA | 725,965 | ||||
34,436 | Fresenius SE & Co. KGaA | 928,192 | ||||
15,256 | Ramsay Health Care, Ltd. | 678,991 | ||||
37,378 | Sonic Healthcare, Ltd. | 873,498 | ||||
|
|
|||||
3,979,903 | ||||||
|
|
|||||
Health Care Technology (0.1%): |
||||||
36,000 | M3, Inc. | 905,834 | ||||
|
|
|||||
Hotels, Restaurants & Leisure (1.6%): |
||||||
12,982 | Accor SA* | 422,363 | ||||
47,923 | Aristocrat Leisure, Ltd. | 1,198,076 | ||||
144,422 | Compass Group plc | 3,630,736 | ||||
14,628 | Delivery Hero SE* | 497,660 | ||||
48,536 | Entain plc | 755,239 | ||||
14,756 | Evolution AB | 1,980,641 | ||||
13,852 | Flutter Entertainment plc* | 2,519,170 | ||||
186,000 | Galaxy Entertainment Group, Ltd.* | 1,236,490 | ||||
521,157 | Genting Singapore, Ltd. | 439,441 | ||||
14,222 | InterContinental Hotels Group plc | 934,350 | ||||
14,853 | Just Eat Takeaway* | 283,893 | ||||
9,131 | La Francaise des Jeux SAEM | 380,644 | ||||
169,008 | Lottery Corp., Ltd. (The) | 580,389 | ||||
7,029 | McDonalds Holdings Co., Ltd. | 292,326 | ||||
17,520 | Meituan, Class B* | 318,235 | ||||
82,500 | Oriental Land Co., Ltd. | 2,821,442 | ||||
202,732 | Sands China, Ltd.* | 707,604 | ||||
6,718 | Sodexo SA | 656,247 | ||||
17,015 | Whitbread plc | 628,404 | ||||
|
|
|||||
20,283,350 | ||||||
|
|
Shares | Value | |||||
Common Stocks, continued |
||||||
Household Durables (1.2%): |
||||||
82,761 | Barratt Developments plc | $ | 477,810 | |||
8,253 | Berkeley Group Holdings plc | 428,108 | ||||
18,646 | Electrolux AB, Class B | 226,359 | ||||
11,900 | Iida Group Holdings Co., Ltd. | 194,201 | ||||
6,700 | Open House Co., Ltd. | 251,276 | ||||
178,200 | Panasonic Holdings Corp. | 1,595,128 | ||||
27,040 | Persimmon plc | 420,478 | ||||
1,891 | SEB SA | 215,833 | ||||
29,700 | Sekisui Chemical Co., Ltd. | 421,362 | ||||
49,800 | Sekisui House, Ltd. | 1,014,902 | ||||
16,000 | Sharp Corp. | 113,153 | ||||
103,300 | Sony Group Corp. | 9,392,501 | ||||
301,909 | Taylor Wimpey plc | 444,661 | ||||
|
|
|||||
15,195,772 | ||||||
|
|
|||||
Household Products (0.6%): |
||||||
51,448 | Essity AB, Class B^ | 1,471,782 | ||||
8,799 | Henkel AG & Co. KGaA | 639,795 | ||||
58,624 | Reckitt Benckiser Group plc | 4,453,195 | ||||
32,600 | Unicharm Corp. | 1,340,185 | ||||
|
|
|||||
7,904,957 | ||||||
|
|
|||||
Independent Power and Renewable Electricity Producers (0.3%): |
| |||||
6,231 | Corp ACCIONA Energias Renovables SA* | 241,696 | ||||
19,202 | EDP Renovaveis SA | 440,219 | ||||
103,728 | Meridian Energy, Ltd. | 341,179 | ||||
53,311 | RWE AG | 2,291,555 | ||||
|
|
|||||
3,314,649 | ||||||
|
|
|||||
Industrial Conglomerates (1.6%): |
||||||
226,744 | CK Hutchison Holdings, Ltd. | 1,407,989 | ||||
8,216 | DCC plc | 479,439 | ||||
79,320 | Hitachi, Ltd. | 4,360,477 | ||||
12,438 | Investment AB Latour, Class B | 253,574 | ||||
6,600 | Jardine Cycle & Carriage, Ltd. | 155,944 | ||||
13,400 | Jardine Matheson Holdings, Ltd. | 652,765 | ||||
125,500 | Keppel Corp., Ltd. | 532,039 | ||||
20,043 | Lifco AB, Class B | 431,682 | ||||
337,217 | Melrose Industries plc | 694,928 | ||||
62,642 | Siemens AG | 10,138,835 | ||||
26,917 | Smiths Group plc | 570,344 | ||||
31,600 | Toshiba Corp. | 1,058,990 | ||||
|
|
|||||
20,737,006 | ||||||
|
|
|||||
Insurance (5.0%): |
||||||
15,748 | Admiral Group plc | 396,325 | ||||
148,316 | Aegon NV | 637,340 | ||||
13,611 | Ageas NV | 588,346 | ||||
968,200 | AIA Group, Ltd. | 10,173,506 | ||||
33,006 | Allianz SE+ | 7,618,462 | ||||
92,819 | Assicurazioni Generali SpA | 1,852,698 | ||||
226,219 | Aviva plc | 1,130,557 | ||||
154,026 | AXA SA | 4,709,187 | ||||
3,862 | Baloise Holding AG | 602,781 | ||||
79,100 | Dai-ichi Life Holdings, Inc. | 1,453,527 | ||||
15,186 | Gjensidige Forsikring ASA^ | 248,982 | ||||
4,905 | Hannover Rueck SE | 959,452 | ||||
206,205 | Insurance Australia Group, Ltd. | 647,378 | ||||
191,900 | Japan Post Holdings Co., Ltd. | 1,561,628 | ||||
15,600 | Japan Post Insurance Co., Ltd. | 243,579 | ||||
502,710 | Legal & General Group plc | 1,486,689 |
See accompanying notes to the schedules of portfolio investments.
147
AZL International Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Insurance, continued |
||||||
234,779 | Medibank Private, Ltd. | $ | 528,635 | |||
34,611 | MS&AD Insurance Group Holdings, Inc. | 1,074,891 | ||||
11,487 | Muenchener Rueckversicherungs-Gesellschaft AG | 4,017,101 | ||||
22,710 | NN Group NV | 823,898 | ||||
65,390 | Phoenix Group Holdings plc | 441,657 | ||||
43,375 | Poste Italiane SpA | 443,921 | ||||
221,879 | Prudential PLC | 3,033,981 | ||||
119,821 | QBE Insurance Group, Ltd. | 1,169,946 | ||||
38,718 | Sampo Oyj, Class A | 1,826,221 | ||||
25,225 | Sompo Holdings, Inc. | 1,001,240 | ||||
103,227 | Suncorp Group, Ltd. | 836,805 | ||||
2,488 | Swiss Life Holding AG | 1,534,587 | ||||
24,342 | Swiss Re AG | 2,504,405 | ||||
44,736 | T&D Holdings, Inc. | 555,793 | ||||
151,100 | Tokio Marine Holdings, Inc. | 2,913,718 | ||||
30,194 | Tryg A/S | 659,428 | ||||
12,321 | Zurich Insurance Group AG | 5,897,100 | ||||
|
|
|||||
63,573,764 | ||||||
|
|
|||||
Interactive Media & Services (0.2%): |
||||||
25,768 | Adevinta ASA* | 182,817 | ||||
79,526 | Auto Trader Group plc | 606,026 | ||||
3,995 | REA Group, Ltd. | 372,243 | ||||
6,090 | Scout24 AG | 361,268 | ||||
28,658 | Seek, Ltd. | 463,005 | ||||
3,760 | VK Co., Ltd., GDR*(a) | | ||||
9,068 | Yandex NV, Class A*(a) | | ||||
224,800 | Z Holdings Corp. | 637,948 | ||||
|
|
|||||
2,623,307 | ||||||
|
|
|||||
Internet & Direct Marketing Retail (0.0%): |
||||||
321 | Ozon Holdings plc, ADR*(a) | | ||||
|
|
|||||
IT Services (1.4%): |
||||||
1,794 | Adyen NV* | 2,844,331 | ||||
37,322 | Amadeus IT Group SA* | 2,498,723 | ||||
6,916 | Bechtle AG | 330,107 | ||||
13,217 | Capgemini SA | 2,458,213 | ||||
44,998 | Computershare, Ltd. | 652,094 | ||||
20,143 | Edenred | 1,191,683 | ||||
16,400 | Fujitsu, Ltd. | 2,216,957 | ||||
3,200 | GMO Payment Gateway, Inc. | 275,457 | ||||
6,900 | Itochu Techno-Solutions Corp. | 169,976 | ||||
20,200 | NEC Corp. | 779,987 | ||||
44,818 | Nexi SpA* | 365,380 | ||||
32,038 | Nomura Research Institute, Ltd. | 745,102 | ||||
52,500 | NTT Data Corp. | 690,558 | ||||
5,800 | Obic Co., Ltd. | 917,138 | ||||
8,700 | Otsuka Corp. | 309,384 | ||||
13,500 | SCSK Corp. | 197,297 | ||||
18,500 | TIS, Inc. | 489,060 | ||||
4,347 | Wix.com, Ltd.* | 433,831 | ||||
|
|
|||||
17,565,278 | ||||||
|
|
|||||
Leisure Products (0.2%): |
||||||
48,600 | Bandai Namco Holdings, Inc. | 1,046,852 | ||||
127 | HLB, Inc.* | 3,419 | ||||
5,900 | Shimano, Inc. | 1,023,639 | ||||
10,700 | Yamaha Corp. | 413,027 | ||||
|
|
|||||
2,486,937 | ||||||
|
|
Shares | Value | |||||
Common Stocks, continued |
||||||
Life Sciences Tools & Services (0.6%): |
||||||
2,520 | Bachem Holding AG, Registered B^ | $ | 253,592 | |||
11,130 | Eurofins Scientific SE^ | 746,711 | ||||
6,116 | Lonza Group AG | 3,679,566 | ||||
18,590 | QIAGEN NV* | 844,965 | ||||
1,990 | Sartorius AG | 835,171 | ||||
2,285 | Sartorius Stedim Biotech | 702,071 | ||||
|
|
|||||
7,062,076 | ||||||
|
|
|||||
Machinery (3.0%): |
||||||
23,859 | Alfa Laval AB | 852,849 | ||||
26,350 | Alstom SA | 719,876 | ||||
216,775 | Atlas Copco AB, Class A | 2,749,390 | ||||
125,968 | Atlas Copco AB, Class B | 1,448,911 | ||||
82,584 | CNH Industrial NV | 1,263,197 | ||||
24,300 | Daifuku Co., Ltd. | 450,664 | ||||
36,528 | Daimler Truck Holding AG* | 1,233,541 | ||||
53,413 | Epiroc AB, Class A | 1,060,974 | ||||
33,573 | Epiroc AB, Class B | 572,495 | ||||
79,500 | FANUC Corp. | 2,867,104 | ||||
12,696 | GEA Group AG | 577,672 | ||||
7,700 | Hitachi Construction Machinery Co., Ltd. | 179,492 | ||||
9,400 | Hoshizaki Corp. | 346,752 | ||||
33,497 | Husqvarna AB, Class B | 291,174 | ||||
23,714 | Indutrade AB | 503,962 | ||||
5,878 | Knorr-Bremse AG | 390,716 | ||||
77,100 | Komatsu, Ltd. | 1,912,988 | ||||
27,430 | Kone Oyj, Class B | 1,430,687 | ||||
81,700 | Kubota Corp. | 1,237,732 | ||||
8,400 | Kurita Water Industries, Ltd. | 384,465 | ||||
18,500 | Makita Corp. | 460,231 | ||||
56,195 | Metso Outotec Oyj | 612,860 | ||||
30,600 | MINEBEA MITSUMI, Inc. | 584,264 | ||||
24,100 | Misumi Group, Inc. | 606,392 | ||||
26,000 | Mitsubishi Heavy Industries, Ltd. | 958,812 | ||||
20,900 | NGK Insulators, Ltd. | 276,712 | ||||
423 | Rational AG | 283,087 | ||||
86,048 | Sandvik AB | 1,829,310 | ||||
3,357 | Schindler Holding AG | 742,805 | ||||
1,919 | Schindler Holding AG, Registered Shares | 405,358 | ||||
4,071,969 | Sembcorp Marine, Ltd.* | 364,782 | ||||
32,355 | SKF AB, Class B^ | 638,692 | ||||
4,800 | SMC Corp. | 2,545,232 | ||||
6,041 | Spirax-Sarco Engineering plc | 886,391 | ||||
111,000 | Techtronic Industries Co., Ltd. | 1,211,880 | ||||
12,100 | Toyota Industries Corp. | 673,876 | ||||
2,251 | VAT Group AG | 813,428 | ||||
15,205 | Volvo AB, Class A | 327,761 | ||||
121,785 | Volvo AB, Class B^ | 2,512,863 | ||||
35,945 | Wartsila Oyj Abp, Class B | 339,889 | ||||
19,700 | Yaskawa Electric Corp. | 863,276 | ||||
|
|
|||||
38,412,542 | ||||||
|
|
|||||
Marine Transportation (0.3%): |
||||||
263 | A.P. Moeller - Maersk A/S, Class A | 465,718 | ||||
408 | A.P. Moeller - Maersk A/S, Class B | 739,468 | ||||
4,385 | Kuehne + Nagel International AG | 1,309,023 | ||||
28,500 | Mitsui O.S.K. Lines, Ltd. | 713,270 | ||||
39,200 | Nippon Yusen KK | 916,100 | ||||
104,000 | SITC International Holdings Co., Ltd. | 223,520 | ||||
|
|
|||||
4,367,099 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
148
AZL International Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Media (0.4%): |
||||||
34,500 | Cyberagent, Inc. | $ | 292,506 | |||
16,577 | Dentsu Group, Inc. | 583,914 | ||||
17,600 | Hakuhodo DY Holdings, Inc. | 199,480 | ||||
115,470 | Informa plc | 986,594 | ||||
19,223 | Publicis Groupe SA | 1,501,669 | ||||
60,153 | Vivendi Universal SA | 607,151 | ||||
86,428 | WPP plc | 1,025,231 | ||||
|
|
|||||
5,196,545 | ||||||
|
|
|||||
Metals & Mining (3.5%): |
||||||
77,337 | Alrosa PAO*(a) | | ||||
104,379 | Anglo American plc | 3,454,113 | ||||
33,193 | Antofagasta plc | 649,410 | ||||
42,505 | ArcelorMittal SA | 1,288,785 | ||||
414,818 | BHP Group, Ltd. | 13,154,220 | ||||
39,793 | BlueScope Steel, Ltd. | 539,083 | ||||
22,331 | Boliden AB | 878,621 | ||||
140,837 | Fortescue Metals Group, Ltd. | 2,117,422 | ||||
843,432 | Glencore plc | 4,850,709 | ||||
58,432 | IGO, Ltd. | 501,508 | ||||
41,800 | JFE Holdings, Inc. | 531,327 | ||||
14,064 | Mineral Resources, Ltd. | 761,914 | ||||
1,857 | MMC Norilsk Nickel PJSC*(a) | | ||||
72,125 | Newcrest Mining, Ltd. | 1,290,968 | ||||
65,148 | Nippon Steel Corp. | 1,537,704 | ||||
110,543 | Norsk Hydro ASA | 827,042 | ||||
96,219 | Northern Star Resources, Ltd. | 787,481 | ||||
42,350 | Novolipetsk Steel PJSC*(a) | | ||||
214,484 | Pilbara Minerals, Ltd. | 572,067 | ||||
10,301 | Polymetal International plc*(a) | | ||||
1,026 | Polyus PJSC*(a) | | ||||
92,086 | Rio Tinto plc | 6,240,107 | ||||
29,958 | Rio Tinto, Ltd. | 2,411,604 | ||||
6,613 | Severstal*(a) | | ||||
370,193 | South32, Ltd. | 1,097,727 | ||||
20,400 | Sumitomo Metal & Mining Co., Ltd. | 780,151 | ||||
84,297 | United Co. RUSAL International PJSC(a) | | ||||
9,422 | Voestalpine AG | 320,856 | ||||
|
|
|||||
44,592,819 | ||||||
|
|
|||||
Multi-Utilities (0.8%): |
||||||
186,744 | E.ON SE | 2,329,182 | ||||
151,465 | Engie Group | 2,395,150 | ||||
300,084 | National Grid plc | 4,072,558 | ||||
53,712 | Veolia Environnement SA | 1,659,496 | ||||
|
|
|||||
10,456,386 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (4.4%): |
||||||
26,158 | Aker BP ASA | 642,129 | ||||
18,095 | Ampol, Ltd. | 370,301 | ||||
1,485,798 | BP plc | 9,404,946 | ||||
250,220 | ENEOS Holdings, Inc. | 877,749 | ||||
206,135 | ENI SpA | 2,887,228 | ||||
78,950 | Equinor ASA | 2,246,325 | ||||
41,896 | Galp Energia SGPS SA | 475,303 | ||||
354,974 | Gazprom PJSC(a) | | ||||
17,887 | Idemitsu Kosan Co., Ltd. | 391,214 | ||||
84,600 | INPEX Corp. | 900,250 | ||||
12,219 | LUKOIL PJSC*(a) | | ||||
35,466 | Neste Oyj | 1,749,113 | ||||
27,220 | Novatek PJSC(a) | |
Shares | Value | |||||
Common Stocks, continued |
||||||
Oil, Gas & Consumable Fuels, continued |
||||||
12,445 | OMV AG | $ | 569,912 | |||
111,161 | Repsol SA | 1,710,981 | ||||
34,912 | Rosneft Oil Co. PJSC*(a) | | ||||
254,684 | Santos, Ltd. | 1,175,162 | ||||
577,931 | Shell plc | 16,546,718 | ||||
171,452 | Surgutneftegas PJSC*(a) | | ||||
199,091 | Surgutneftegas Prefernce*(a) | | ||||
43,241 | Tatneft PJSC(a) | | ||||
203,746 | TotalEnergies SE^ | 12,020,455 | ||||
18,813 | Washington H. Soul Pattinson & Co., Ltd. | 381,160 | ||||
144,176 | Woodside Energy Group, Ltd. | 3,222,223 | ||||
11,718 | Woodside Energy Group, Ltd. | 263,974 | ||||
|
|
|||||
55,835,143 | ||||||
|
|
|||||
Paper & Forest Products (0.3%): |
||||||
7,469 | Holmen AB, B Shares | 287,904 | ||||
40,622 | Mondi plc | 643,766 | ||||
62,500 | Oji Holdings Corp. | 247,492 | ||||
41,849 | Stora Enso Oyj, Class R | 544,532 | ||||
50,586 | Svenska Cellulosa AB SCA, Class B | 665,505 | ||||
44,791 | UPM-Kymmene Oyj* | 1,504,011 | ||||
|
|
|||||
3,893,210 | ||||||
|
|
|||||
Passenger Airlines (0.2%): |
||||||
12,100 | ANA Holdings, Inc.* | 262,811 | ||||
50,751 | Deutsche Lufthansa AG* | 564,622 | ||||
12,270 | Japan Airlines Co., Ltd. | 239,279 | ||||
70,174 | Qantas Airways, Ltd.* | 311,676 | ||||
116,250 | Singapore Airlines, Ltd. | 501,471 | ||||
|
|
|||||
1,879,859 | ||||||
|
|
|||||
Personal Care Products (2.0%): |
||||||
8,162 | Beiersdorf AG | 1,061,729 | ||||
409,895 | Haleon PLC* | 1,635,022 | ||||
39,200 | Kao Corp. | 1,530,809 | ||||
4,200 | Kobayashi Pharmaceutical Co., Ltd. | 256,602 | ||||
2,500 | Kose Corp. | 296,972 | ||||
19,778 | LOreal SA | 8,847,890 | ||||
33,700 | Shiseido Co., Ltd. | 1,581,810 | ||||
207,577 | Unilever plc | 10,752,336 | ||||
|
|
|||||
25,963,170 | ||||||
|
|
|||||
Pharmaceuticals (9.1%): |
||||||
152,500 | Astellas Pharma, Inc. | 2,169,465 | ||||
126,883 | AstraZeneca plc | 17,608,459 | ||||
80,446 | Bayer AG, Registered Shares | 5,123,613 | ||||
27 | Celltrion Pharm, Inc.* | 1,712 | ||||
54,200 | Chugai Pharmaceutical Co., Ltd. | 1,339,789 | ||||
143,500 | Daiichi Sankyo Co., Ltd. | 5,237,863 | ||||
20,300 | Eisai Co., Ltd. | 1,155,179 | ||||
333,061 | GSK PLC | 5,939,285 | ||||
12,542 | Hikma Pharmaceuticals plc | 259,605 | ||||
3,054 | Ipsen SA | 336,591 | ||||
2,556 | Kangmei Pharmaceutical Co. A*(a) | | ||||
22,000 | Kyowa Kirin Co., Ltd. | 480,016 | ||||
10,430 | Merck KGaA | 1,938,969 | ||||
4,100 | Nippon Shinyaku Co., Ltd. | 180,828 | ||||
177,147 | Novartis AG, Registered Shares | 16,267,404 | ||||
135,556 | Novo Nordisk A/S, Class B | 21,514,082 | ||||
30,400 | Ono Pharmaceutical Co., Ltd. | 634,290 | ||||
9,112 | Orion Oyj, Class B | 407,401 | ||||
31,800 | Otsuka Holdings Co., Ltd. | 1,013,980 |
See accompanying notes to the schedules of portfolio investments.
149
AZL International Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Pharmaceuticals, continued |
||||||
8,986 | Recordati SpA | $ | 380,271 | |||
2,224 | Roche Holding AG | 669,003 | ||||
57,530 | Roche Holding AG | 16,468,860 | ||||
93,410 | Sanofi | 10,171,601 | ||||
21,500 | Shionogi & Co., Ltd. | 972,610 | ||||
123,173 | Takeda Pharmacuetical Co., Ltd. | 4,046,153 | ||||
90,979 | Teva Pharmaceutical Industries, Ltd., ADR* | 805,164 | ||||
10,307 | UCB SA | 921,565 | ||||
|
|
|||||
116,043,758 | ||||||
|
|
|||||
Professional Services (1.5%): |
||||||
13,783 | Adecco Group AG | 501,793 | ||||
11,400 | BayCurrent Consulting, Inc. | 473,073 | ||||
24,496 | Bureau Veritas SA | 703,813 | ||||
74,346 | Experian plc | 2,446,709 | ||||
13,495 | Intertek Group plc | 676,273 | ||||
24,900 | Nihon M&A Center, Inc. | 186,624 | ||||
13,500 | Persol Holdings Co., Ltd. | 271,456 | ||||
9,079 | Randstad NV^ | 538,930 | ||||
118,700 | Recruit Holdings Co., Ltd. | 3,290,450 | ||||
156,837 | RELX plc | 5,076,345 | ||||
514 | SGS SA, Registered Shares | 1,129,565 | ||||
4,771 | Teleperformance | 1,152,237 | ||||
21,290 | Wolters Kluwer NV | 2,686,313 | ||||
|
|
|||||
19,133,581 | ||||||
|
|
|||||
Real Estate Management & Development (1.2%): |
||||||
69,162 | Aroundtown SA^ | 98,470 | ||||
3,664 | Azrieli Group | 211,267 | ||||
221,400 | Capitaland Investment, Ltd. | 615,574 | ||||
60,000 | China Evergrande Group* | 6,542 | ||||
33,900 | City Developments, Ltd. | 188,345 | ||||
160,744 | CK Asset Holdings, Ltd. | 973,866 | ||||
5,400 | Daito Trust Construction Co., Ltd. | 538,996 | ||||
48,400 | Daiwa House Industry Co., Ltd. | 1,140,280 | ||||
165,400 | ESR Cayman, Ltd. | 295,567 | ||||
47,911 | Fastighets AB Balder, B Shares* | 197,276 | ||||
173,000 | Hang Lung Properties, Ltd. | 324,334 | ||||
127,956 | Henderson Land Development Co., Ltd. | 443,000 | ||||
96,400 | Hongkong Land Holdings, Ltd. | 424,547 | ||||
29,800 | Hulic Co., Ltd. | 244,885 | ||||
5,995 | LEG Immobilien SE | 328,221 | ||||
50,412 | Lend Lease Group | 245,611 | ||||
90,800 | Mitsubishi Estate Co., Ltd. | 1,084,177 | ||||
76,300 | Mitsui Fudosan Co., Ltd. | 1,434,036 | ||||
114,655 | New World Development Co., Ltd. | 309,259 | ||||
9,400 | Nomura Real Estate Holdings, Inc. | 208,169 | ||||
16,564 | Sagax AB, Class B | 382,971 | ||||
41,676 | Shimao Group Holdings, Ltd.* | 10,618 | ||||
302,601 | Sino Land Co., Ltd. | 409,868 | ||||
26,100 | Sumitomo Realty & Development Co., Ltd. | 588,795 | ||||
117,000 | Sun Hung Kai Properties, Ltd. | 1,645,639 | ||||
81,000 | Sunac China Holdings, Ltd.* | 14,202 | ||||
42,964 | Swire Pacific, Ltd., Class A | 330,883 | ||||
96,400 | Swire Properties, Ltd. | 249,009 | ||||
6,539 | Swiss Prime Site AG | 544,531 | ||||
36,896 | UOL Group, Ltd. | 192,986 | ||||
57,805 | Vonovia SE | 1,086,947 | ||||
139,300 | Wharf Real Estate Investment Co., Ltd. | 805,681 | ||||
|
|
|||||
15,574,552 | ||||||
|
|
Shares | Value | |||||
Common Stocks, continued |
||||||
Semiconductors & Semiconductor Equipment (3.3%): |
| |||||
14,700 | Advantest Corp. | $ | 1,362,118 | |||
3,783 | ASM International NV | 1,536,104 | ||||
33,011 | ASML Holding NV | 22,554,145 | ||||
7,200 | Disco Corp. | 837,789 | ||||
107,050 | Infineon Technologies AG | 4,375,216 | ||||
6,100 | Lasertec Corp. | 1,081,543 | ||||
100,200 | Renesas Electronics Corp.* | 1,454,936 | ||||
7,400 | ROHM Co., Ltd. | 616,457 | ||||
55,158 | STMicroelectronics NV | 2,950,465 | ||||
28,800 | SUMCO Corp. | 433,263 | ||||
36,900 | Tokyo Electron, Ltd. | 4,512,341 | ||||
8,897 | Tower Semiconductor, Ltd.* | 379,395 | ||||
|
|
|||||
42,093,772 | ||||||
|
|
|||||
Software (1.5%): |
||||||
8,103 | Check Point Software Technologies, Ltd.* | 1,053,390 | ||||
3,389 | CyberArk Software, Ltd.* | 501,504 | ||||
55,353 | Dassault Systemes SE | 2,285,863 | ||||
4,385 | Nemetschek SE | 300,630 | ||||
5,127 | Nice, Ltd.* | 1,167,867 | ||||
2,800 | Oracle Corp. | 202,111 | ||||
84,002 | Sage Group plc (The) | 804,748 | ||||
85,507 | SAP SE | 10,755,538 | ||||
5,103 | Temenos AG | 355,303 | ||||
11,100 | Trend Micro, Inc. | 544,263 | ||||
12,614 | WiseTech Global, Ltd. | 554,069 | ||||
10,262 | Xero, Ltd.* | 620,919 | ||||
|
|
|||||
19,146,205 | ||||||
|
|
|||||
Specialty Retail (0.8%): |
||||||
14,400 | Fast Retailing Co., Ltd. | 3,148,790 | ||||
60,321 | Hennes & Mauritz AB, Class B^ | 861,623 | ||||
1,500 | Hikari Tsushin, Inc. | 210,997 | ||||
90,008 | Industria de Diseno Textil SA | 3,022,444 | ||||
217,795 | JD Sports Fashion plc | 479,444 | ||||
166,155 | Kingfisher plc | 536,777 | ||||
6,700 | Nitori Co., Ltd. | 807,902 | ||||
16,600 | USS Co., Ltd. | 287,766 | ||||
18,592 | Zalando SE* | 777,987 | ||||
10,300 | ZOZO, Inc. | 235,577 | ||||
|
|
|||||
10,369,307 | ||||||
|
|
|||||
Technology Hardware, Storage & Peripherals (0.4%): |
| |||||
17,600 | Brother Industries, Ltd. | 265,507 | ||||
80,700 | Canon, Inc. | 1,810,461 | ||||
30,400 | FUJIFILM Holdings Corp. | 1,544,463 | ||||
14,283 | Logitech International SA, Class R | 830,046 | ||||
44,400 | Ricoh Co., Ltd. | 333,109 | ||||
23,600 | Seiko Epson Corp. | 335,839 | ||||
|
|
|||||
5,119,425 | ||||||
|
|
|||||
Textiles, Apparel & Luxury Goods (3.4%): |
||||||
13,462 | Adidas AG | 2,376,645 | ||||
31,278 | Burberry Group plc | 1,000,660 | ||||
42,744 | Cie Financiere Richemont SA | 6,853,774 | ||||
2,316 | FF Group*(a) | | ||||
2,593 | Hermes International SA | 5,251,921 | ||||
6,146 | Kering | 4,010,853 | ||||
22,665 | LVMH Moet Hennessy Louis Vuitton SA | 20,769,578 | ||||
16,565 | Moncler SpA | 1,144,854 | ||||
7,545 | Pandora A/S | 723,150 | ||||
9,092 | Puma SE | 560,686 |
See accompanying notes to the schedules of portfolio investments.
150
AZL International Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Textiles, Apparel & Luxury Goods, continued |
||||||
4,926 | Swatch Group AG (The) | $ | 312,201 | |||
2,366 | Swatch Group AG (The), Class B | 813,752 | ||||
|
|
|||||
43,818,074 | ||||||
|
|
|||||
Tobacco (0.8%): |
||||||
174,140 | British American Tobacco plc | 6,101,681 | ||||
72,257 | Imperial Brands plc, Class A | 1,661,430 | ||||
99,800 | Japan Tobacco, Inc. | 2,106,681 | ||||
|
|
|||||
9,869,792 | ||||||
|
|
|||||
Trading Companies & Distributors (1.6%): |
||||||
13,676 | AerCap Holdings NV* | 769,001 | ||||
36,399 | Ashtead Group plc | 2,229,731 | ||||
12,545 | Brenntag AG | 941,684 | ||||
27,346 | Bunzl plc | 1,033,135 | ||||
4,712 | IMCD NV | 771,113 | ||||
97,900 | Itochu Corp. | 3,188,276 | ||||
124,800 | Marubeni Corp. | 1,696,665 | ||||
102,800 | Mitsubishi Corp. | 3,696,300 | ||||
117,700 | Mitsui & Co., Ltd. | 3,668,529 | ||||
18,500 | MonotaRo Co., Ltd. | 232,602 | ||||
21,131 | Reece, Ltd. | 247,088 | ||||
90,900 | Sumitomo Corp. | 1,610,141 | ||||
17,600 | Toyota Tsushu Corp. | 750,264 | ||||
|
|
|||||
20,834,529 | ||||||
|
|
|||||
Transportation Infrastructure (0.4%): |
||||||
6,063 | Aena SME SA* | 981,607 | ||||
2,254 | Aeroports de Paris* | 322,075 | ||||
106,200 | Auckland International Airport, Ltd.* | 577,965 | ||||
37,157 | Getlink SE | 613,298 | ||||
248,159 | Transurban Group | 2,361,129 | ||||
|
|
|||||
4,856,074 | ||||||
|
|
|||||
Water Utilities (0.1%): |
||||||
20,867 | Severn Trent plc | 741,044 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Water Utilities, continued |
||||||
56,632 | United Utilities Group plc | $ | 740,443 | |||
|
|
|||||
1,481,487 | ||||||
|
|
|||||
Wireless Telecommunication Services (1.1%): |
||||||
132,100 | KDDI Corp. | 4,079,910 | ||||
29,884 | Mobile TeleSystems PJSC*(a) | | ||||
237,100 | Softbank Corp. | 2,735,339 | ||||
98,900 | SoftBank Group Corp. | 3,893,551 | ||||
47,483 | Tele2 AB | 473,220 | ||||
2,103,308 | Vodafone Group plc | 2,324,377 | ||||
|
|
|||||
13,506,397 | ||||||
|
|
|||||
Total Common Stocks (Cost $867,317,668) |
1,253,324,715 | |||||
|
|
|||||
Preferred Stocks (0.3%): |
||||||
Automobile Components (0.2%): |
||||||
5,130 | Bayerische Motoren Werke AG (BMW), 6.17%, 5/15/20 | 524,705 | ||||
12,611 | Porsche Automobil Holding SE, 4.84%, 5/20/20 | 723,702 | ||||
14,977 | Volkswagen AG, 6.01%, 5/8/20 | 2,043,487 | ||||
|
|
|||||
3,291,894 | ||||||
|
|
|||||
Household Products (0.1%): |
||||||
14,378 | Henkel AG & Co. KGaA, 2.57%, 4/21/20 | 1,123,468 | ||||
|
|
|||||
Total Preferred Stocks (Cost $3,870,316) |
4,415,362 | |||||
|
|
|||||
Principal Amount | ||||||
|
||||||
Short-Term Security Held as Collateral for Securities on Loan (1.5%): | ||||||
19,146,000 | BlackRock Liquidity FedFund, Institutional Class , 2.54%(b)(c) | 19,146,000 | ||||
|
|
|||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $19,146,000) |
19,146,000 | |||||
|
|
|||||
Total Investment Securities (Cost $890,333,984) 99.8% 1,276,886,077 |
| |||||
Net other assets (liabilities) 0.2% |
2,204,574 | |||||
|
|
|||||
Net Assets 100.0% |
$ | 1,279,090,651 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023 | ||||
ADR | - | American Depository Receipt | ||
GDR | - | Global Depositary Receipt | ||
REIT | - | Real Estate Investment Trust |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $16,928,709. |
+ | Affiliated Securities |
| Represents less than 0.05%. |
* | Non-income producing security. |
(a) | Security was valued using unobservable inputs as of March 31, 2023. |
(b) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(c) | The rate represents the effective yield at March 31, 2023. |
Amounts shown as are either 0 or round to less than 1.
See accompanying notes to the schedules of portfolio investments.
151
AZL International Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
The following represents the concentrations by country of risk (based on the domicile of the security issuer) relative to the total value of investments as of March 31, 2023: (Unaudited)
Country | Percentage | |||
Australia |
7.2% | |||
Austria |
0.2% | |||
Belgium |
0.9% | |||
Bermuda |
0.1% | |||
China |
0.1% | |||
Cyprus |
% | | ||
Denmark |
3.0% | |||
Finland |
1.2% | |||
France |
11.4% | |||
Germany |
8.4% | |||
Greece |
% | | ||
Hong Kong |
2.6% | |||
Ireland |
1.1% | |||
Isle of Man |
0.1% | |||
Israel |
0.7% | |||
Italy |
2.0% |
Country | Percentage | |||
Japan |
21.2% | |||
Korea, Republic Of |
% | | ||
Luxembourg |
0.2% | |||
Netherlands |
6.8% | |||
New Zealand |
0.3% | |||
Norway |
0.7% | |||
Portugal |
0.2% | |||
Republic of Korea (South) |
% | | ||
Russian Federation |
% | | ||
Singapore |
1.5% | |||
Spain |
2.6% | |||
Sweden |
3.1% | |||
Switzerland |
10.2% | |||
Taiwan, Province Of China |
% | | ||
Turkey |
% | | ||
United Kingdom |
12.7% | |||
United States |
1.5% | |||
|
|
|||
100.0% | ||||
|
|
| Represents less than 0.05%. |
Futures Contracts
At March 31, 2023, the Funds open futures contracts were as follows:
Long Futures
Description | Expiration Date | Number of Contracts |
Notional Amount | Value and Unrealized Appreciation/ (Depreciation) |
||||||||||||
|
||||||||||||||||
DJ EURO STOXX 50 June Futures (Euro) |
6/16/23 | 132 | $ | 6,099,222 | $ | 281,650 | ||||||||||
FTSE 100 Index June Futures (British Pounds) |
6/16/23 | 42 | 3,957,201 | 60,264 | ||||||||||||
SGX NIKKEI 225 Index June Futures (Japanese Yen) |
6/8/23 | 37 | 3,908,048 | 124,711 | ||||||||||||
SPI 200 Index June Futures (Australian Dollar) |
6/15/23 | 17 | 2,042,447 | 48,804 | ||||||||||||
|
|
|||||||||||||||
$ | 515,429 | |||||||||||||||
|
|
See accompanying notes to the schedules of portfolio investments.
152
AZL Mid Cap Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (99.0%): |
| |||||
Aerospace & Defense (1.7%): |
| |||||
25,273 | Axon Enterprise, Inc.* | $ | 5,682,634 | |||
14,321 | Curtiss-Wright Corp. | 2,524,219 | ||||
31,462 | Hexcel Corp. | 2,147,282 | ||||
21,909 | Mercury Systems, Inc.* | 1,119,988 | ||||
22,328 | Woodward, Inc. | 2,174,077 | ||||
|
|
| ||||
13,648,200 | ||||||
|
|
| ||||
Air Freight & Logistics (0.3%): |
| |||||
44,313 | GXO Logistics, Inc.* | 2,236,034 | ||||
|
|
| ||||
Automobile Components (2.3%): |
| |||||
35,826 | Adient plc* | 1,467,433 | ||||
28,998 | Autoliv, Inc. | 2,707,253 | ||||
48,208 | Dana, Inc. | 725,530 | ||||
15,773 | Fox Factory Holding Corp.* | 1,914,369 | ||||
87,694 | Gentex Corp. | 2,458,063 | ||||
104,665 | Goodyear Tire & Rubber Co. (The)* | 1,153,408 | ||||
49,668 | Harley-Davidson, Inc. | 1,885,894 | ||||
22,105 | Lear Corp. | 3,083,427 | ||||
19,990 | Thor Industries, Inc. | 1,592,004 | ||||
10,488 | Visteon Corp.* | 1,644,833 | ||||
|
|
| ||||
18,632,214 | ||||||
|
|
| ||||
Banks (6.0%): |
| |||||
56,814 | Associated Banc-Corp. | 1,021,516 | ||||
15,119 | Bank of Hawaii Corp. | 787,397 | ||||
41,176 | Bank OZK | 1,408,219 | ||||
66,296 | Cadence Bank | 1,376,305 | ||||
27,193 | Cathay General Bancorp | 938,702 | ||||
77,490 | Columbia Banking System, Inc. | 1,659,836 | ||||
42,523 | Commerce Bancshares, Inc. | 2,481,217 | ||||
24,060 | Cullen/Frost Bankers, Inc. | 2,534,480 | ||||
52,690 | East West Bancorp, Inc. | 2,924,295 | ||||
132,545 | F.N.B. Corp. | 1,537,522 | ||||
48,314 | First Financial Bankshares, Inc. | 1,541,217 | ||||
200,602 | First Horizon Corp. | 3,566,704 | ||||
63,288 | Fulton Financial Corp. | 874,640 | ||||
41,286 | Glacier Bancorp, Inc. | 1,734,425 | ||||
32,379 | Hancock Whitney Corp. | 1,178,596 | ||||
70,603 | Home Bancshares, Inc. | 1,532,791 | ||||
19,949 | International Bancshares Corp. | 854,216 | ||||
257,049 | New York Community Bancorp, Inc. | 2,323,723 | ||||
109,120 | Old National Bancorp | 1,573,510 | ||||
43,374 | PacWest Bancorp^ | 422,029 | ||||
28,889 | Pinnacle Financial Partners, Inc. | 1,593,517 | ||||
34,123 | Prosperity Bancshares, Inc. | 2,099,247 | ||||
28,297 | SouthState Corp. | 2,016,444 | ||||
54,188 | Synovus Financial Corp. | 1,670,616 | ||||
18,029 | Texas Capital Bancshares, Inc.* | 882,700 | ||||
16,429 | UMB Financial Corp. | 948,282 | ||||
50,194 | United Bankshares, Inc. | 1,766,829 | ||||
158,803 | Valley National Bancorp | 1,467,340 | ||||
65,050 | Webster Financial Corp. | 2,564,271 | ||||
22,646 | Wintrust Financial Corp. | 1,652,026 | ||||
|
|
| ||||
48,932,612 | ||||||
|
|
| ||||
Beverages (0.4%): |
| |||||
3,486 | Boston Beer Co., Inc. (The), Class A* | 1,145,848 | ||||
15,265 | Celsius Holdings, Inc.* | 1,418,729 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Beverages, continued |
| |||||
1,739 | Coca-Cola Consolidated, Inc. | $ | 930,504 | |||
|
|
| ||||
3,495,081 | ||||||
|
|
| ||||
Biotechnology (1.6%): |
| |||||
39,995 | Arrowhead Pharmaceuticals, Inc.* | 1,015,873 | ||||
121,881 | Exelixis, Inc.* | 2,365,710 | ||||
50,532 | Halozyme Therapeutics, Inc.* | 1,929,817 | ||||
36,079 | Neurocrine Biosciences, Inc.* | 3,651,916 | ||||
17,038 | United Therapeutics Corp.* | 3,815,831 | ||||
|
|
| ||||
12,779,147 | ||||||
|
|
| ||||
Broadline Retail (0.6%): |
| |||||
41,302 | Kohls Corp. | 972,249 | ||||
101,141 | Macys, Inc. | 1,768,956 | ||||
42,090 | Nordstrom, Inc. | 684,805 | ||||
21,546 | Ollies Bargain Outlet Holdings, Inc.* | 1,248,375 | ||||
|
|
| ||||
4,674,385 | ||||||
|
|
| ||||
Building Products (3.2%): |
| |||||
23,383 | Advanced Drainage Systems, Inc. | 1,969,082 | ||||
55,019 | Builders FirstSource, Inc.* | 4,884,587 | ||||
19,333 | Carlisle Cos., Inc. | 4,370,611 | ||||
47,941 | Fortune Brands Innovations, Inc. | 2,815,575 | ||||
12,066 | Lennox International, Inc. | 3,031,944 | ||||
34,937 | Owens Corning | 3,346,965 | ||||
15,870 | Simpson Manufacturing Co., Inc. | 1,739,987 | ||||
40,986 | Trex Co., Inc.* | 1,994,789 | ||||
22,993 | UFP Industries, Inc. | 1,827,254 | ||||
|
|
| ||||
25,980,794 | ||||||
|
|
| ||||
Capital Markets (2.0%): |
| |||||
14,066 | Affiliated Managers Group, Inc. | 2,003,280 | ||||
13,301 | Evercore, Inc., Class A | 1,534,669 | ||||
31,942 | Federated Hermes, Inc., Class B | 1,282,152 | ||||
38,457 | Interactive Brokers Group, Inc., Class A | 3,175,010 | ||||
49,160 | Janus Henderson Group plc | 1,309,623 | ||||
67,637 | Jefferies Financial Group, Inc. | 2,146,798 | ||||
38,117 | SEI Investments Co. | 2,193,633 | ||||
39,382 | Stifel Financial Corp. | 2,327,082 | ||||
|
|
| ||||
15,972,247 | ||||||
|
|
| ||||
Chemicals (2.9%): |
| |||||
18,820 | Ashland, Inc. | 1,933,002 | ||||
31,713 | Avient Corp. | 1,305,307 | ||||
82,467 | Axalta Coating Systems, Ltd.* | 2,497,925 | ||||
21,254 | Cabot Corp. | 1,628,907 | ||||
55,453 | Chemours Co. (The) | 1,660,263 | ||||
13,274 | Ingevity Corp.* | 949,357 | ||||
2,503 | NewMarket Corp. | 913,545 | ||||
45,996 | Olin Corp. | 2,552,778 | ||||
48,258 | RPM International, Inc. | 4,210,028 | ||||
15,283 | Scotts Miracle-Gro Co. (The) | 1,065,836 | ||||
15,554 | Sensient Technologies Corp. | 1,190,814 | ||||
64,275 | Valvoline, Inc. | 2,245,769 | ||||
12,796 | Westlake Corp. | 1,484,080 | ||||
|
|
| ||||
23,637,611 | ||||||
|
|
| ||||
Commercial Services & Supplies (1.2%): |
| |||||
17,551 | Brinks Co. (The) | 1,172,407 | ||||
18,800 | Clean Harbors, Inc.* | 2,680,128 | ||||
13,746 | MSA Safety, Inc. | 1,835,091 | ||||
10 | Ritchie Bros Auctioneers, Inc. | 563 |
See accompanying notes to the schedules of portfolio investments.
153
AZL Mid Cap Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Commercial Services & Supplies, continued |
| |||||
34,293 | Stericycle, Inc.* | $ | 1,495,518 | |||
19,851 | Tetra Tech, Inc. | 2,916,310 | ||||
|
|
| ||||
10,100,017 | ||||||
|
|
| ||||
Communications Equipment (0.7%): |
| |||||
21,513 | Calix, Inc.* | 1,152,882 | ||||
55,482 | Ciena Corp.* | 2,913,914 | ||||
25,770 | Lumentum Holdings, Inc.* | 1,391,838 | ||||
|
|
| ||||
5,458,634 | ||||||
|
|
| ||||
Construction & Engineering (2.0%): |
| |||||
51,944 | AECOM | 4,379,918 | ||||
17,815 | EMCOR Group, Inc. | 2,896,541 | ||||
52,965 | Fluor Corp.* | 1,637,148 | ||||
22,279 | MasTec, Inc.* | 2,104,029 | ||||
76,019 | MDU Resources Group, Inc. | 2,317,059 | ||||
7,975 | Valmont Industries, Inc. | 2,546,258 | ||||
|
|
| ||||
15,880,953 | ||||||
|
|
| ||||
Construction Materials (0.2%): |
| |||||
13,477 | Eagle Materials, Inc. | 1,977,750 | ||||
|
|
| ||||
Consumer Finance (0.4%): |
| |||||
14,176 | FirstCash Holdings, Inc. | 1,351,965 | ||||
37,906 | Navient Corp. | 606,117 | ||||
89,982 | SLM Corp. | 1,114,877 | ||||
|
|
| ||||
3,072,959 | ||||||
|
|
| ||||
Consumer Staples Distribution & Retail (1.9%): |
| |||||
50,256 | BJs Wholesale Club Holdings, Inc.* | 3,822,974 | ||||
13,929 | Caseys General Stores, Inc. | 3,015,071 | ||||
33,449 | Grocery Outlet Holding Corp.* | 945,269 | ||||
58,370 | Performance Food Group Co.* | 3,522,046 | ||||
39,996 | Sprouts Farmers Market, Inc.* | 1,401,060 | ||||
76,505 | US Foods Holding Corp.* | 2,826,094 | ||||
|
|
| ||||
15,532,514 | ||||||
|
|
| ||||
Containers & Packaging (0.9%): |
| |||||
24,405 | AptarGroup, Inc. | 2,884,427 | ||||
9,683 | Greif, Inc., Class A | 613,612 | ||||
31,161 | Silgan Holdings, Inc. | 1,672,411 | ||||
36,437 | Sonoco Products Co. | 2,222,657 | ||||
|
|
| ||||
7,393,107 | ||||||
|
|
| ||||
Diversified Consumer Services (1.0%): |
| |||||
1,450 | Graham Holdings Co., Class B | 863,968 | ||||
11,589 | Grand Canyon Education, Inc.* | 1,319,987 | ||||
56,926 | H&R Block, Inc. | 2,006,641 | ||||
57,497 | Service Corp. International | 3,954,644 | ||||
|
|
| ||||
8,145,240 | ||||||
|
|
| ||||
Diversified REITs (0.4%): |
| |||||
33,111 | Agree Realty Corp. | 2,271,746 | ||||
60,869 | Vornado Realty Trust | 935,556 | ||||
|
|
| ||||
3,207,302 | ||||||
|
|
| ||||
Diversified Telecommunication Services (0.6%): |
| |||||
83,280 | Frontier Communications Parent, Inc.* | 1,896,286 | ||||
46,969 | Iridium Communications, Inc. | 2,908,790 | ||||
|
|
| ||||
4,805,076 | ||||||
|
|
| ||||
Electric Utilities (1.4%): |
| |||||
21,599 | ALLETE, Inc. | 1,390,328 | ||||
40,737 | Hawaiian Electric Industries, Inc. | 1,564,301 | ||||
18,882 | IDACORP, Inc. | 2,045,487 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Electric Utilities, continued |
| |||||
74,842 | OGE Energy Corp. | $ | 2,818,550 | |||
31,953 | PNM Resources, Inc. | 1,555,472 | ||||
33,241 | Portland General Electric Co. | 1,625,152 | ||||
|
|
| ||||
10,999,290 | ||||||
|
|
| ||||
Electrical Equipment (2.1%): |
| |||||
11,982 | Acuity Brands, Inc. | 2,189,471 | ||||
15,428 | EnerSys | 1,340,385 | ||||
20,038 | Hubbell, Inc. | 4,875,446 | ||||
62,275 | nVent Electric plc | 2,674,088 | ||||
24,729 | Regal Rexnord Corp. | 3,480,112 | ||||
31,156 | SunPower Corp.* | 431,199 | ||||
79,368 | Sunrun, Inc.* | 1,599,265 | ||||
8,463 | Vicor Corp.* | 397,253 | ||||
|
|
| ||||
16,987,219 | ||||||
|
|
| ||||
Electronic Equipment, Instruments & Components (3.5%): |
| |||||
21,788 | Arrow Electronics, Inc.* | 2,720,668 | ||||
34,035 | Avnet, Inc. | 1,538,382 | ||||
16,174 | Belden, Inc. | 1,403,418 | ||||
64,647 | Cognex Corp. | 3,203,259 | ||||
51,763 | Coherent Corp.* | 1,971,135 | ||||
11,949 | IPG Photonics Corp. | 1,473,431 | ||||
49,822 | Jabil, Inc. | 4,392,308 | ||||
9,255 | Littelfuse, Inc. | 2,481,173 | ||||
48,811 | National Instruments Corp. | 2,558,184 | ||||
13,329 | Novanta, Inc.* | 2,120,511 | ||||
15,631 | TD SYNNEX Corp. | 1,512,924 | ||||
48,958 | Vishay Intertechnology, Inc. | 1,107,430 | ||||
59,698 | Vontier Corp. | 1,632,143 | ||||
|
|
| ||||
28,114,966 | ||||||
|
|
| ||||
Energy Equipment & Services (0.8%): |
| |||||
74,257 | ChampionX Corp. | 2,014,592 | ||||
146,843 | NOV, Inc. | 2,718,064 | ||||
22,483 | Valaris, Ltd.* | 1,462,744 | ||||
|
|
| ||||
6,195,400 | ||||||
|
|
| ||||
Entertainment (0.2%): |
| |||||
16,361 | World Wrestling Entertainment, Inc., Class A | 1,493,105 | ||||
|
|
| ||||
Financial Services (0.7%): |
| |||||
40,697 | Essent Group, Ltd. | 1,629,915 | ||||
107,931 | MGIC Investment Corp. | 1,448,434 | ||||
36,262 | Voya Financial, Inc. | 2,591,282 | ||||
|
|
| ||||
5,669,631 | ||||||
|
|
| ||||
Food Products (1.4%): |
| |||||
59,914 | Darling Ingredients, Inc.* | 3,498,978 | ||||
71,733 | Flowers Foods, Inc. | 1,966,202 | ||||
24,528 | Ingredion, Inc. | 2,495,233 | ||||
7,377 | Lancaster Colony Corp. | 1,496,646 | ||||
17,162 | Pilgrims Pride Corp.* | 397,815 | ||||
20,043 | Post Holdings, Inc.* | 1,801,264 | ||||
|
|
| ||||
11,656,138 | ||||||
|
|
| ||||
Gas Utilities (1.4%): |
| |||||
34,565 | National Fuel Gas Co. | 1,995,783 | ||||
36,360 | New Jersey Resources Corp. | 1,934,352 | ||||
20,149 | ONE Gas, Inc. | 1,596,405 | ||||
24,160 | Southwest Gas Holdings, Inc. | 1,508,792 | ||||
19,835 | Spire, Inc. | 1,391,227 |
See accompanying notes to the schedules of portfolio investments.
154
AZL Mid Cap Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Gas Utilities, continued |
| |||||
78,339 | UGI Corp. | $ | 2,723,064 | |||
|
|
| ||||
11,149,623 | ||||||
|
|
| ||||
Ground Transportation (1.9%): |
| |||||
9,274 | Avis Budget Group, Inc.* | 1,806,575 | ||||
60,263 | Hertz Global Holdings, Inc.* | 981,684 | ||||
60,073 | Knight-Swift Transportation Holdings, Inc. | 3,398,930 | ||||
13,431 | Landstar System, Inc. | 2,407,641 | ||||
18,716 | Ryder System, Inc. | 1,670,216 | ||||
9,892 | Saia, Inc.* | 2,691,416 | ||||
22,209 | Werner Enterprises, Inc. | 1,010,288 | ||||
42,797 | XPO Logistics, Inc.* | 1,365,224 | ||||
|
|
| ||||
15,331,974 | ||||||
|
|
| ||||
Health Care Equipment & Supplies (3.6%): |
| |||||
18,005 | Enovis Corp.* | 963,087 | ||||
60,999 | Envista Holdings Corp.* | 2,493,639 | ||||
29,250 | Globus Medical, Inc.* | 1,656,720 | ||||
18,818 | Haemonetics Corp.* | 1,557,189 | ||||
7,612 | ICU Medical, Inc.* | 1,255,676 | ||||
17,874 | Inari Medical, Inc.* | 1,103,541 | ||||
27,021 | Integra LifeSciences Holdings Corp.* | 1,551,276 | ||||
25,686 | Lantheus Holdings, Inc.* | 2,120,636 | ||||
20,224 | LivaNova plc* | 881,362 | ||||
18,078 | Masimo Corp.* | 3,336,114 | ||||
80,360 | Neogen Corp.* | 1,488,267 | ||||
16,871 | Omnicell, Inc.* | 989,822 | ||||
14,198 | Penumbra, Inc.* | 3,956,841 | ||||
19,939 | QuidelOrtho Corp.* | 1,776,365 | ||||
13,511 | Shockwave Medical, Inc.* | 2,929,590 | ||||
17,838 | STAAR Surgical Co.* | 1,140,740 | ||||
|
|
| ||||
29,200,865 | ||||||
|
|
| ||||
Health Care Providers & Services (2.1%): |
| |||||
34,010 | Acadia Healthcare Co., Inc.* | 2,457,223 | ||||
12,277 | Amedisys, Inc.* | 902,973 | ||||
5,559 | Chemed Corp. | 2,989,352 | ||||
37,262 | Encompass Health Corp. | 2,015,874 | ||||
31,533 | HealthEquity, Inc.* | 1,851,303 | ||||
62,493 | Option Care Health, Inc.* | 1,985,403 | ||||
31,828 | Patterson Cos., Inc. | 852,036 | ||||
28,428 | Progyny, Inc.* | 913,107 | ||||
51,935 | R1 RCM, Inc.* | 779,025 | ||||
40,420 | Tenet Healthcare Corp.* | 2,401,756 | ||||
|
|
| ||||
17,148,052 | ||||||
|
|
| ||||
Health Care REITs (1.1%): |
| |||||
142,269 | Healthcare Realty Trust, Inc. | 2,750,060 | ||||
223,103 | Medical Properties Trust, Inc. | 1,833,907 | ||||
87,571 | Omega Healthcare Investors, Inc. | 2,400,321 | ||||
84,668 | Physicians Realty Trust | 1,264,093 | ||||
87,275 | Sabra Health Care REIT, Inc. | 1,003,662 | ||||
|
|
| ||||
9,252,043 | ||||||
|
|
| ||||
Hotel & Resort REITs (0.1%): |
| |||||
84,958 | Park Hotels & Resorts, Inc. | 1,050,081 | ||||
|
|
| ||||
Hotels, Restaurants & Leisure (3.4%): |
| |||||
97,388 | Aramark | 3,486,490 | ||||
29,583 | Boyd Gaming Corp. | 1,896,862 | ||||
10,472 | Choice Hotels International, Inc. | 1,227,214 | ||||
12,305 | Churchill Downs, Inc. | 3,163,000 | ||||
29,678 | Hilton Grand Vacations, Inc.* | 1,318,594 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Hotels, Restaurants & Leisure, continued |
| |||||
34,991 | Light & Wonder, Inc., Class A* | $ | 2,101,210 | |||
14,307 | Marriott Vacations Worldwide Corp. | 1,929,442 | ||||
12,147 | Papa Johns International, Inc. | 910,175 | ||||
57,741 | Penn Entertainment, Inc.* | 1,712,598 | ||||
25,015 | Texas Roadhouse, Inc., Class A | 2,703,121 | ||||
30,080 | Travel + Leisure Co. | 1,179,136 | ||||
64,394 | Wendys Co. (The) | 1,402,501 | ||||
11,166 | Wingstop, Inc. | 2,049,854 | ||||
33,018 | Wyndham Hotels & Resorts, Inc. | 2,240,271 | ||||
|
|
| ||||
27,320,468 | ||||||
|
|
| ||||
Household Durables (1.5%): |
| |||||
9,065 | Helen of Troy, Ltd.* | 862,716 | ||||
30,514 | KB Home | 1,226,053 | ||||
50,095 | Leggett & Platt, Inc. | 1,597,029 | ||||
40,283 | Taylor Morrison Home Corp., Class A* | 1,541,228 | ||||
63,701 | Tempur Sealy International, Inc. | 2,515,552 | ||||
38,441 | Toll Brothers, Inc. | 2,307,613 | ||||
11,952 | TopBuild Corp.* | 2,487,689 | ||||
|
|
| ||||
12,537,880 | ||||||
|
|
| ||||
Household Products (0.1%): |
| |||||
25,039 | Energizer Holdings, Inc. | 868,853 | ||||
|
|
| ||||
Independent Power and Renewable Electricity Producers (0.2%): |
||||||
19,819 | Ormat Technologies, Inc. | 1,680,057 | ||||
|
|
| ||||
Industrial REITs (1.2%): |
| |||||
16,290 | EastGroup Properties, Inc. | 2,693,063 | ||||
49,396 | First Industrial Realty Trust, Inc. | 2,627,867 | ||||
70,697 | Rexford Industrial Realty, Inc. | 4,217,076 | ||||
|
|
| ||||
9,538,006 | ||||||
|
|
| ||||
Insurance (3.9%): |
| |||||
26,117 | American Financial Group, Inc. | 3,173,216 | ||||
25,524 | Brighthouse Financial, Inc.* | 1,125,864 | ||||
43,228 | CNO Financial Group, Inc. | 959,229 | ||||
38,688 | First American Financial Corp. | 2,153,374 | ||||
13,256 | Hanover Insurance Group, Inc. (The) | 1,703,396 | ||||
24,139 | Kemper Corp. | 1,319,438 | ||||
8,143 | Kinsale Capital Group, Inc. | 2,444,121 | ||||
103,118 | Old Republic International Corp. | 2,574,856 | ||||
13,794 | Primerica, Inc. | 2,375,879 | ||||
24,926 | Reinsurance Group of America, Inc. | 3,309,176 | ||||
16,344 | RenaissanceRe Holdings, Ltd. | 3,274,357 | ||||
15,081 | RLI Corp. | 2,004,416 | ||||
22,527 | Selective Insurance Group, Inc. | 2,147,499 | ||||
69,908 | Unum Group | 2,765,560 | ||||
|
|
| ||||
31,330,381 | ||||||
|
|
| ||||
Interactive Media & Services (0.3%): |
| |||||
39,593 | TripAdvisor, Inc.* | 786,317 | ||||
17,832 | Ziff Davis, Inc.* | 1,391,788 | ||||
|
|
| ||||
2,178,105 | ||||||
|
|
| ||||
IT Services (2.0%): |
| |||||
16,009 | Concentrix Corp. | 1,945,894 | ||||
17,574 | Euronet Worldwide, Inc.* | 1,966,531 | ||||
12,342 | ExlService Holdings, Inc.* | 1,997,306 | ||||
62,912 | Genpact, Ltd. | 2,907,793 | ||||
77,124 | Kyndryl Holdings, Inc.* | 1,138,350 | ||||
22,879 | Maximus, Inc. | 1,800,577 |
See accompanying notes to the schedules of portfolio investments.
155
AZL Mid Cap Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
IT Services, continued |
| |||||
124,857 | Western Union Co. (The.) | $ | 1,392,155 | |||
16,297 | WEX, Inc.* | 2,996,855 | ||||
|
|
| ||||
16,145,461 | ||||||
|
|
| ||||
Leisure Products (1.2%): |
| |||||
27,105 | Brunswick Corp. | 2,222,610 | ||||
132,470 | Mattel, Inc.* | 2,438,773 | ||||
20,367 | Polaris, Inc. | 2,253,201 | ||||
51,327 | Topgolf Callaway Brands Corp.* | 1,109,690 | ||||
32,589 | YETI Holdings, Inc.* | 1,303,560 | ||||
|
|
| ||||
9,327,834 | ||||||
|
|
| ||||
Life Sciences Tools & Services (1.4%): |
| |||||
25,833 | Azenta, Inc.* | 1,152,669 | ||||
37,389 | Bruker Corp. | 2,947,749 | ||||
9,388 | Medpace Holdings, Inc.* | 1,765,413 | ||||
19,304 | Repligen Corp.* | 3,250,021 | ||||
37,309 | Sotera Health Co.* | 668,204 | ||||
38,883 | Syneos Health, Inc.* | 1,385,013 | ||||
|
|
| ||||
11,169,069 | ||||||
|
|
| ||||
Machinery (4.7%): |
| |||||
23,146 | AGCO Corp. | 3,129,339 | ||||
15,793 | Chart Industries, Inc.* | 1,980,442 | ||||
17,831 | Crane Holdings Co. | 2,023,818 | ||||
45,490 | Donaldson Co., Inc. | 2,972,317 | ||||
19,522 | Esab Corp. | 1,153,165 | ||||
48,664 | Flowserve Corp. | 1,654,576 | ||||
63,001 | Graco, Inc. | 4,599,703 | ||||
30,916 | ITT, Inc. | 2,668,051 | ||||
21,584 | Lincoln Electric Holdings, Inc. | 3,649,854 | ||||
20,143 | Middleby Corp. (The)* | 2,953,165 | ||||
24,426 | Oshkosh Corp. | 2,031,755 | ||||
25,505 | Terex Corp. | 1,233,932 | ||||
24,729 | Timken Co. | 2,020,854 | ||||
39,132 | Toro Co. (The) | 4,349,913 | ||||
10,169 | Watts Water Technologies, Inc., Class A | 1,711,646 | ||||
|
|
| ||||
38,132,530 | ||||||
|
|
| ||||
Marine Transportation (0.2%): |
| |||||
22,302 | Kirby Corp.* | 1,554,449 | ||||
|
|
| ||||
Media (1.0%): |
| |||||
1,784 | Cable One, Inc. | 1,252,368 | ||||
16,251 | John Wiley & Sons, Inc., Class A | 630,051 | ||||
61,546 | New York Times Co. (The), Class A | 2,392,909 | ||||
14,096 | Nexstar Media Group, Inc. | 2,433,815 | ||||
84,303 | TEGNA, Inc. | 1,425,564 | ||||
|
|
| ||||
8,134,707 | ||||||
|
|
| ||||
Metals & Mining (2.6%): |
| |||||
66,156 | Alcoa Corp. | 2,815,599 | ||||
192,636 | Cleveland-Cliffs, Inc.* | 3,531,018 | ||||
43,784 | Commercial Metals Co. | 2,141,038 | ||||
34,884 | MP Materials Corp.* | 983,380 | ||||
21,940 | Reliance Steel & Aluminum Co. | 5,632,876 | ||||
24,540 | Royal Gold, Inc. | 3,183,083 | ||||
84,712 | United States Steel Corp. | 2,210,983 | ||||
11,458 | Worthington Industries, Inc. | 740,760 | ||||
|
|
| ||||
21,238,737 | ||||||
|
|
| ||||
Mortgage Real Estate Investment Trusts (REITs) (0.6%): |
| |||||
175,069 | Annaly Capital Management, Inc. | 3,345,569 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Mortgage Real Estate Investment Trusts (REITs), continued |
| |||||
101,419 | Starwood Property Trust, Inc.^ | $ | 1,794,102 | |||
|
|
| ||||
5,139,671 | ||||||
|
|
| ||||
Multi-Utilities (0.3%): |
| |||||
24,208 | Black Hills Corp. | 1,527,525 | ||||
21,832 | NorthWestern Corp. | 1,263,199 | ||||
|
|
| ||||
2,790,724 | ||||||
|
|
| ||||
Office REITs (0.7%): |
| |||||
42,479 | Corporate Office Properties Trust | 1,007,177 | ||||
57,220 | Cousins Properties, Inc. | 1,223,364 | ||||
66,422 | Douglas Emmett, Inc. | 818,983 | ||||
39,749 | Highwoods Properties, Inc. | 921,779 | ||||
39,746 | Kilroy Realty Corp. | 1,287,771 | ||||
|
|
| ||||
5,259,074 | ||||||
|
|
| ||||
Oil, Gas & Consumable Fuels (3.0%): |
| |||||
126,558 | Antero Midstream Corp. | 1,327,593 | ||||
103,224 | Antero Resources Corp.* | 2,383,442 | ||||
15,554 | Chord Energy Corp. | 2,093,568 | ||||
63,599 | CNX Resources Corp.* | 1,018,856 | ||||
36,084 | DT Midstream, Inc. | 1,781,467 | ||||
163,528 | Equitrans Midstream Corp. | 945,192 | ||||
50,276 | HF Sinclair Corp. | 2,432,353 | ||||
41,930 | Matador Resources Co. | 1,997,965 | ||||
54,564 | Murphy Oil Corp. | 2,017,777 | ||||
42,620 | PBF Energy, Inc., Class A | 1,848,003 | ||||
34,446 | PDC Energy, Inc. | 2,210,744 | ||||
90,331 | Range Resources Corp. | 2,391,062 | ||||
412,180 | Southwestern Energy Co.* | 2,060,900 | ||||
|
|
| ||||
24,508,922 | ||||||
|
|
| ||||
Paper & Forest Products (0.2%): |
| |||||
26,667 | Louisiana-Pacific Corp. | 1,445,618 | ||||
|
|
| ||||
Passenger Airlines (0.1%): |
| |||||
122,378 | JetBlue Airways Corp.* | 890,912 | ||||
|
|
| ||||
Personal Care Products (0.4%): |
| |||||
49,934 | BellRing Brands, Inc.* | 1,697,756 | ||||
138,124 | Coty, Inc., Class A* | 1,665,775 | ||||
|
|
| ||||
3,363,531 | ||||||
|
|
| ||||
Pharmaceuticals (0.7%): |
| |||||
23,539 | Jazz Pharmaceuticals plc* | 3,444,462 | ||||
50,874 | Perrigo Co. plc | 1,824,850 | ||||
|
|
| ||||
5,269,312 | ||||||
|
|
| ||||
Professional Services (2.1%): |
| |||||
18,855 | ASGN, Inc.* | 1,558,743 | ||||
8,788 | CACI International, Inc., Class A* | 2,603,709 | ||||
18,886 | Exponent, Inc. | 1,882,745 | ||||
12,868 | FTI Consulting, Inc.* | 2,539,500 | ||||
13,275 | Insperity, Inc. | 1,613,576 | ||||
51,288 | KBR, Inc. | 2,823,404 | ||||
18,813 | ManpowerGroup, Inc. | 1,552,637 | ||||
20,422 | Science Applications International Corp. | 2,194,548 | ||||
|
|
| ||||
16,768,862 | ||||||
|
|
| ||||
Real Estate Management & Development (0.3%): |
| |||||
17,743 | Jones Lang LaSalle, Inc.* | 2,581,429 | ||||
|
|
| ||||
Residential REITs (0.4%): |
| |||||
55,601 | Apartment Income REIT Corp. | 1,991,072 |
See accompanying notes to the schedules of portfolio investments.
156
AZL Mid Cap Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Residential REITs, continued |
| |||||
83,177 | Independence Realty Trust, Inc. | $ | 1,333,327 | |||
|
|
| ||||
3,324,399 | ||||||
|
|
| ||||
Retail REITs (1.2%): |
| |||||
112,117 | Brixmor Property Group, Inc. | 2,412,758 | ||||
81,650 | Kite Realty Group Trust | 1,708,118 | ||||
67,535 | National Retail Properties, Inc. | 2,981,670 | ||||
52,178 | Spirit Realty Capital, Inc. | 2,078,772 | ||||
81,157 | The Macerich Co. | 860,264 | ||||
|
|
| ||||
10,041,582 | ||||||
|
|
| ||||
Semiconductors & Semiconductor Equipment (3.0%): |
| |||||
24,577 | Allegro MicroSystems, Inc.* | 1,179,450 | ||||
37,951 | Amkor Technology, Inc. | 987,485 | ||||
20,805 | Cirrus Logic, Inc.* | 2,275,651 | ||||
51,237 | Lattice Semiconductor Corp.* | 4,893,134 | ||||
19,307 | MACOM Technology Solutions Holdings, Inc.* | 1,367,708 | ||||
21,348 | MKS Instruments, Inc. | 1,891,860 | ||||
21,303 | Power Integrations, Inc. | 1,803,086 | ||||
11,925 | Silicon Laboratories, Inc.* | 2,087,948 | ||||
6,076 | SiTime Corp.* | 864,189 | ||||
14,727 | Synaptics, Inc.* | 1,636,906 | ||||
16,246 | Universal Display Corp. | 2,520,242 | ||||
46,511 | Wolfspeed, Inc.* | 3,020,889 | ||||
|
|
| ||||
24,528,548 | ||||||
|
|
| ||||
Software (2.6%): |
| |||||
42,461 | ACI Worldwide, Inc.* | 1,145,598 | ||||
10,866 | Aspen Technology, Inc.* | 2,486,901 | ||||
16,853 | Blackbaud, Inc.* | 1,167,913 | ||||
16,827 | CommVault Systems, Inc.* | 954,764 | ||||
80,974 | Dynatrace, Inc.* | 3,425,200 | ||||
18,400 | Envestnet, Inc.* | 1,079,528 | ||||
23,363 | Manhattan Associates, Inc.* | 3,617,761 | ||||
51,917 | NCR Corp.* | 1,224,722 | ||||
15,428 | Paylocity Holding Corp.* | 3,066,778 | ||||
13,062 | Qualys, Inc.* | 1,698,321 | ||||
38,465 | Teradata Corp.* | 1,549,370 | ||||
|
|
| ||||
21,416,856 | ||||||
|
|
| ||||
Specialized REITs (2.1%): |
| |||||
83,953 | CubeSmart | 3,880,308 | ||||
27,741 | EPR Properties | 1,056,932 | ||||
32,622 | Lamar Advertising Co., Class A | 3,258,612 | ||||
31,775 | Life Storage, Inc. | 4,165,385 | ||||
31,367 | National Storage Affiliates Trust | 1,310,513 | ||||
30,033 | PotlatchDeltic Corp. | 1,486,633 | ||||
55,327 | Rayonier, Inc. | 1,840,176 | ||||
|
|
| ||||
16,998,559 | ||||||
|
|
| ||||
Specialty Retail (2.9%): |
| |||||
12,739 | AutoNation, Inc.* | 1,711,612 | ||||
22,370 | Dicks Sporting Goods, Inc. | 3,174,079 | ||||
20,753 | Five Below, Inc.* | 4,274,496 | ||||
29,966 | Foot Locker, Inc. | 1,189,351 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Specialty Retail, continued |
| |||||
94,117 | GameStop Corp., Class A*^ | $ | 2,166,573 | |||
79,706 | Gap, Inc. (The) | 800,248 | ||||
10,220 | Lithia Motors, Inc. | 2,339,665 | ||||
7,480 | Murphy U.S.A., Inc. | 1,930,214 | ||||
6,984 | RH* | 1,700,953 | ||||
29,942 | Victorias Secret & Co.* | 1,022,519 | ||||
24,885 | Williams-Sonoma, Inc. | 3,027,509 | ||||
|
|
| ||||
23,337,219 | ||||||
|
|
| ||||
Technology Hardware, Storage & Peripherals (0.3%): |
| |||||
17,397 | Super Micro Computer, Inc.* | 1,853,650 | ||||
42,332 | Xerox Holdings Corp. | 651,913 | ||||
|
|
| ||||
2,505,563 | ||||||
|
|
| ||||
Textiles, Apparel & Luxury Goods (2.2%): |
| |||||
46,994 | Capri Holdings, Ltd.* | 2,208,718 | ||||
14,420 | Carters, Inc. | 1,037,086 | ||||
13,106 | Columbia Sportswear Co. | 1,182,686 | ||||
23,082 | Crocs, Inc.* | 2,918,488 | ||||
9,854 | Deckers Outdoor Corp.* | 4,429,866 | ||||
23,690 | PVH Corp. | 2,112,200 | ||||
50,167 | Skechers U.S.A., Inc., Class A* | 2,383,936 | ||||
71,364 | Under Armour, Inc., Class A* | 677,244 | ||||
70,868 | Under Armour, Inc., Class C* | 604,504 | ||||
|
|
| ||||
17,554,728 | ||||||
|
|
| ||||
Trading Companies & Distributors (1.1%): |
| |||||
13,075 | GATX Corp. | 1,438,512 | ||||
17,842 | MSC Industrial Direct Co., Inc. | 1,498,728 | ||||
60,980 | Univar Solutions, Inc.* | 2,136,129 | ||||
12,435 | Watsco, Inc. | 3,956,320 | ||||
|
|
| ||||
9,029,689 | ||||||
|
|
| ||||
Water Utilities (0.5%): |
| |||||
89,228 | Essential Utilities, Inc. | 3,894,802 | ||||
|
|
| ||||
Total Common Stocks (Cost $589,513,120) |
801,616,801 | |||||
|
|
| ||||
Principal Amount | ||||||
Short-Term Security Held as Collateral for Securities on Loan (0.3%): | ||||||
2,232,508 | BlackRock Liquidity FedFund, Institutional Class, 2.54%(a)(b) | 2,232,508 | ||||
|
|
| ||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $2,232,508) |
2,232,508 | |||||
|
|
| ||||
Shares | ||||||
Unaffiliated Investment Company (0.8%): | ||||||
Money Markets (0.8%): |
| |||||
6,805,058 | Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 4.43%(b) | 6,805,058 | ||||
|
|
| ||||
Total Unaffiliated Investment Company (Cost $6,805,058) |
6,805,058 | |||||
|
|
| ||||
Total Investment Securities (Cost $598,550,686) 100.1% |
810,654,367 | |||||
Net other assets (liabilities) (0.1)% |
(861,756 | ) | ||||
|
|
| ||||
Net Assets 100.0% |
$ | 809,792,611 | ||||
|
|
|
Percentages indicated are based on net assets as of March 31, 2023
REIT | - | Real Estate Investment Trust |
* | Non-income producing security. | |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $2,237,714. |
See accompanying notes to the schedules of portfolio investments.
157
AZL Mid Cap Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
(a) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. | |
(b) |
The rate represents the effective yield at March 31, 2023. |
Futures Contracts
At March 31, 2023, the Funds open futures contracts were as follows:
Long Futures
Description | Expiration Date | Number of Contracts |
Notional Amount | Value and Unrealized Appreciation/ (Depreciation) |
||||||||||||
S&P 400 Index E-Mini June Futures (U.S. Dollar) |
6/16/23 | 33 | $ | 8,348,010 | $ | 308,274 | ||||||||||
|
|
|||||||||||||||
$ | 308,274 | |||||||||||||||
|
|
See accompanying notes to the schedules of portfolio investments.
158
AZL Moderate Index Strategy Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Affiliated Investment Companies (100.0%): | ||||||
Domestic Equity Funds (45.0%): | ||||||
6,349,232 | AZL Mid Cap Index Fund, Class 2 | $ | 126,349,711 | |||
25,599,538 | AZL S&P 500 Index Fund, Class 2 | 465,399,603 | ||||
5,355,163 | AZL Small Cap Stock Index Fund, Class 2 | 62,708,957 | ||||
|
|
|||||
654,458,271 | ||||||
|
|
|||||
Fixed Income Fund (39.7%): | ||||||
59,204,004 | AZL Enhanced Bond Index Fund | 577,831,076 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023
| Represents less than 0.05%. |
Shares | Value | |||||
Affiliated Investment Companies, continued |
| |||||
International Equity Fund (15.3%): |
| |||||
13,409,126 | AZL International Index Fund, Class 2 | $ | 221,786,939 | |||
|
|
|||||
Total Affiliated Investment Companies |
1,454,076,286 | |||||
|
|
|||||
Total Investment Securities (Cost $1,654,783,256) 100.0% |
1,454,076,286 | |||||
Net other assets (liabilities) 0.0% |
(330,546) | |||||
|
|
|||||
Net Assets 100.0% |
$ | 1,453,745,740 | ||||
|
|
See accompanying notes to the schedules of portfolio investments.
159 |
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (99.2%): |
| |||||
Aerospace & Defense (1.7%): |
| |||||
4,628 | Airbus SE | $ | 619,938 | |||
521 | Axon Enterprise, Inc.* | 117,147 | ||||
23,346 | BAE Systems plc | 282,977 | ||||
4,319 | Boeing Co. (The)* | 917,485 | ||||
2,614 | CAE, Inc.* | 59,116 | ||||
196 | Dassault Aviation SA | 38,819 | ||||
169 | Elbit Systems, Ltd. | 28,730 | ||||
1,825 | General Dynamics Corp. | 416,483 | ||||
276 | HEICO Corp. | 47,207 | ||||
499 | HEICO Corp., Class A | 67,814 | ||||
2,863 | Howmet Aerospace, Inc. | 121,305 | ||||
271 | Huntington Ingalls Industries, Inc. | 56,103 | ||||
700 | Kongsberg Gruppen ASA | 28,286 | ||||
1,431 | L3Harris Technologies, Inc. | 280,820 | ||||
1,783 | Lockheed Martin Corp. | 842,878 | ||||
453 | MTU Aero Engines AG | 113,272 | ||||
1,108 | Northrop Grumman Corp. | 511,586 | ||||
11,151 | Raytheon Technologies Corp. | 1,092,018 | ||||
340 | Rheinmetall AG | 100,993 | ||||
61,901 | Rolls-Royce Holdings plc* | 114,307 | ||||
2,562 | Safran SA | 380,436 | ||||
10,000 | Singapore Technologies Engineering, Ltd. | 27,598 | ||||
1,491 | Textron, Inc. | 105,309 | ||||
795 | Thales SA | 117,522 | ||||
384 | TransDigm Group, Inc. | 283,027 | ||||
|
|
| ||||
6,771,176 | ||||||
|
|
| ||||
Air Freight & Logistics (0.6%): |
| |||||
964 | C.H. Robinson Worldwide, Inc. | 95,793 | ||||
7,478 | Deutsche Post AG | 349,267 | ||||
1,390 | DSV A/S | 268,322 | ||||
1,183 | Expeditors International of Washington, Inc. | 130,272 | ||||
1,867 | FedEx Corp. | 426,591 | ||||
700 | Nippon Express Holdings Co., Ltd. | 42,190 | ||||
1,800 | SG Holdings Co., Ltd. | 26,674 | ||||
5,512 | United Parcel Service, Inc., Class B | 1,069,273 | ||||
2,800 | Yamato Holdings Co., Ltd. | 48,035 | ||||
|
|
| ||||
2,456,417 | ||||||
|
|
| ||||
Automobile Components (2.4%): |
| |||||
800 | Aisin Sieki Co., Ltd. | 22,050 | ||||
2,166 | Aptiv plc* | 243,004 | ||||
2,421 | Bayerische Motoren Werke AG (BMW) | 265,055 | ||||
1,650 | BorgWarner, Inc. | 81,032 | ||||
4,100 | Bridgestone Corp. | 166,576 | ||||
5,556 | Cie Generale des Etablissements Michelin SCA* | 170,041 | ||||
819 | Continental AG | 61,207 | ||||
6,282 | Daimler AG, Registered Shares | 482,524 | ||||
3,200 | Denso Corp. | 180,657 | ||||
861 | Dr Ing hc F Porsche AG* | 110,185 | ||||
949 | Ferrari NV | 257,002 | ||||
29,280 | Ford Motor Co. | 368,928 | ||||
10,860 | General Motors Co. | 398,345 | ||||
12,400 | Honda Motor Co., Ltd. | 329,886 | ||||
5,100 | Isuzu Motors, Ltd. | 61,047 | ||||
2,000 | Koito Manufacturing Co., Ltd. | 37,886 | ||||
419 | Lear Corp. | 58,446 | ||||
3,397 | Lucid Group, Inc.*^ | 27,312 | ||||
1,989 | Magna Internationl, Inc. | 106,552 | ||||
3,600 | Mazda Motor Corp. | 33,520 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Automobile Components, continued |
| |||||
16,900 | Nissan Motor Co., Ltd. | $ | 64,302 | |||
1,315 | Renault SA* | 53,685 | ||||
2,401 | Rivian Automotive, Inc., Class A* | 37,168 | ||||
1,339 | Stellantis NV | 24,362 | ||||
16,003 | Stellantis NV | 291,135 | ||||
4,300 | Subaru Corp. | 68,835 | ||||
5,200 | Sumitomo Electric Industries, Ltd. | 66,819 | ||||
2,700 | Suzuki Motor Corp. | 98,285 | ||||
20,450 | Tesla, Inc.* | 4,242,557 | ||||
81,500 | Toyota Motor Corp. | 1,160,301 | ||||
2,122 | Valeo SA | 43,664 | ||||
201 | Volkswagen AG | 34,440 | ||||
4,663 | Volvo Car AB, Class B* | 20,410 | ||||
2,600 | Yamaha Motor Co., Ltd. | 68,139 | ||||
|
|
| ||||
9,735,357 | ||||||
|
|
| ||||
Banks (5.5%): |
| |||||
2,689 | ABN AMRO Group NV | 42,708 | ||||
8,372 | AIB Group plc | 34,096 | ||||
22,179 | ANZ Group Holdings, Ltd. | 341,575 | ||||
45,590 | Banco Bilbao Vizcaya Argentaria SA^ | 325,675 | ||||
131,488 | Banco Santander SA | 489,774 | ||||
8,532 | Bank Hapoalim BM | 71,098 | ||||
10,762 | Bank Leumi Le-Israel BM | 81,446 | ||||
54,852 | Bank of America Corp. | 1,568,767 | ||||
7,994 | Bank of Ireland Group plc | 80,885 | ||||
5,052 | Bank of Montreal | 450,055 | ||||
9,367 | Bank of Nova Scotia (The)^ | 471,851 | ||||
236 | Banque Cantonale Vaudoise, Registered Shares | 22,269 | ||||
121,567 | Barclays plc | 219,456 | ||||
8,393 | BNP Paribas SA | 501,936 | ||||
27,500 | BOC Hong Kong Holdings, Ltd. | 85,466 | ||||
33,536 | CaixaBank SA | 130,548 | ||||
7,083 | Canadian Imperial Bank of Commerce | 300,397 | ||||
2,800 | Chiba Bank, Ltd. (The) | 18,083 | ||||
14,762 | Citigroup, Inc. | 692,190 | ||||
3,887 | Citizens Financial Group, Inc. | 118,048 | ||||
7,358 | Commerzbank AG* | 77,400 | ||||
13,049 | Commonwealth Bank of Australia | 858,989 | ||||
8,400 | Concordia Financial Group, Ltd. | 31,008 | ||||
8,923 | Credit Agricole SA | 100,866 | ||||
5,146 | Danske Bank A/S* | 103,509 | ||||
14,200 | DBS Group Holdings, Ltd. | 352,981 | ||||
7,582 | DNB Bank ASA | 136,064 | ||||
2,582 | Erste Group Bank AG | 85,396 | ||||
5,445 | Fifth Third Bancorp | 145,055 | ||||
3,940 | Finecobank Banca Fineco SpA | 60,584 | ||||
97 | First Citizens BancShares, Inc., Class A | 94,391 | ||||
4,008 | First Horizon Corp. | 71,262 | ||||
1,481 | First Republic Bank | 20,719 | ||||
5,700 | Hang Seng Bank, Ltd. | 80,865 | ||||
150,975 | HSBC Holdings plc | 1,027,679 | ||||
10,474 | Huntington Bancshares, Inc. | 117,309 | ||||
28,033 | ING Groep NV | 333,480 | ||||
123,147 | Intesa Sanpaolo SpA | 316,906 | ||||
7,605 | Isreal Discount Bank | 37,434 | ||||
12,100 | Japan Post Bank Co., Ltd. | 98,977 | ||||
22,358 | JPMorgan Chase & Co. | 2,913,471 | ||||
1,998 | KBC Group NV | 137,352 |
See accompanying notes to the schedules of portfolio investments.
160
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Banks, continued |
| |||||
6,790 | KeyCorp | $ | 85,011 | |||
501,308 | Lloyds Banking Group plc | 295,696 | ||||
1,325 | M&T Bank Corp. | 158,430 | ||||
3,850 | Mediobanca SpA | 38,764 | ||||
90,700 | Mitsubishi UFJ Financial Group, Inc. | 582,015 | ||||
1,433 | Mizrahi Tefahot Bank, Ltd. | 44,999 | ||||
18,850 | Mizuho Financial Group, Inc. | 267,361 | ||||
24,795 | National Australia Bank, Ltd. | 460,192 | ||||
2,471 | National Bank of Canada | 176,772 | ||||
41,793 | NatWest Group PLC | 136,531 | ||||
25,524 | Nordea Bank AB | 272,504 | ||||
25,500 | Oversea-Chinese Banking Corp., Ltd. | 237,831 | ||||
3,082 | PNC Financial Services Group, Inc. (The) | 391,722 | ||||
6,785 | Regions Financial Corp. | 125,930 | ||||
18,300 | Resona Holdings, Inc. | 88,473 | ||||
10,484 | Royal Bank of Canada | 1,002,780 | ||||
2,200 | Shizuoka Financial Group, Inc. | 15,816 | ||||
11,377 | Skandinaviska Enskilda Banken AB, Class A* | 125,519 | ||||
5,895 | Societe Generale | 133,054 | ||||
17,950 | Standard Chartered plc | 136,554 | ||||
10,200 | Sumitomo Mitsui Financial Group, Inc. | 409,041 | ||||
2,300 | Sumitomo Mitsui Trust Holdings, Inc. | 78,804 | ||||
11,088 | Svenska Handelsbanken AB, Class A | 96,007 | ||||
7,027 | Swedbank AB, Class A | 115,365 | ||||
13,932 | Toronto-Dominion Bank (The) | 834,600 | ||||
10,385 | Truist Financial Corp. | 354,129 | ||||
10,614 | U.S. Bancorp | 382,635 | ||||
15,138 | Unicredit SpA | 286,694 | ||||
9,604 | United Overseas Bank, Ltd. | 215,548 | ||||
1,465 | Webster Financial Corp. | 57,750 | ||||
29,247 | Wells Fargo & Co. | 1,093,253 | ||||
27,411 | Westpac Banking Corp. | 397,530 | ||||
|
|
| ||||
22,345,330 | ||||||
|
|
| ||||
Beverages (1.8%): |
| |||||
6,450 | Anheuser-Busch InBev NV | 430,057 | ||||
3,500 | Asahi Breweries, Ltd. | 130,320 | ||||
2,232 | Brown-Forman Corp., Class B | 143,451 | ||||
11,900 | Budweiser Brewing Co. APAC, Ltd. | 36,138 | ||||
797 | Carlsberg A/S, Class B | 123,246 | ||||
31,156 | Coca-Cola Co. (The) | 1,932,607 | ||||
1,800 | Coca-Cola European Partners plc | 106,194 | ||||
1,283 | Coca-Cola HBC AG | 35,091 | ||||
1,268 | Constellation Brands, Inc., Class A | 286,429 | ||||
3,162 | David Campari-Milano NV | 38,564 | ||||
17,300 | Diageo plc | 771,978 | ||||
771 | Heineken Holding NV | 70,815 | ||||
1,959 | Heineken NV | 210,876 | ||||
5,730 | Keurig Dr Pepper, Inc. | 202,154 | ||||
6,100 | Kirin Holdings Co., Ltd. | 96,546 | ||||
1,314 | Molson Coors Brewing Co., Class B | 67,907 | ||||
5,842 | Monster Beverage Corp.* | 315,526 | ||||
10,526 | PepsiCo, Inc. | 1,918,890 | ||||
1,616 | Pernod Ricard SA | 366,119 | ||||
125 | Remy Cointreau SA | 22,780 | ||||
800 | Suntory Beverage & Food, Ltd. | 29,818 | ||||
6,592 | Treasury Wine Estates, Ltd. | 57,815 | ||||
|
|
| ||||
7,393,321 | ||||||
|
|
| ||||
Biotechnology (2.0%): | ||||||
13,429 | AbbVie, Inc. | 2,140,180 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Biotechnology, continued |
| |||||
956 | Alnylam Pharmaceuticals, Inc.* | $ | 191,506 | |||
4,102 | Amgen, Inc. | 991,659 | ||||
423 | Argenx SE* | 157,075 | ||||
1,136 | Biogen, Inc.* | 315,842 | ||||
1,338 | BioMarin Pharmaceutical, Inc.* | 130,107 | ||||
3,668 | CSL, Ltd. | 707,578 | ||||
1,266 | Exact Sciences Corp.* | 85,847 | ||||
491 | Genmab A/S* | 185,421 | ||||
9,565 | Gilead Sciences, Inc. | 793,608 | ||||
2,757 | Grifols SA* | 27,276 | ||||
1,722 | Horizon Therapeutics plc* | 187,939 | ||||
1,359 | Incyte Corp.* | 98,215 | ||||
2,499 | Moderna, Inc.* | 383,796 | ||||
652 | Neurocrine Biosciences, Inc.* | 65,995 | ||||
812 | Regeneron Pharmaceuticals, Inc.* | 667,196 | ||||
1,099 | Seagen, Inc.* | 222,515 | ||||
1,322 | Swedish Orphan Biovitrum AB* | 30,824 | ||||
351 | United Therapeutics Corp.* | 78,610 | ||||
1,938 | Vertex Pharmaceuticals, Inc.* | 610,606 | ||||
|
|
| ||||
8,071,795 | ||||||
|
|
| ||||
Broadline Retail (2.5%): |
| |||||
69,869 | Amazon.com, Inc.* | 7,216,769 | ||||
380 | Canadian Tire Corp., Class A | 49,597 | ||||
1,678 | Dollar General Corp. | 353,152 | ||||
1,761 | Dollar Tree, Inc.* | 252,791 | ||||
2,154 | Dollarama, Inc. | 128,749 | ||||
4,301 | eBay, Inc. | 190,835 | ||||
1,035 | Etsy, Inc.* | 115,227 | ||||
341 | MercadoLibre, Inc.* | 449,458 | ||||
1,084 | Next plc | 88,076 | ||||
2,700 | Pan Pacific International Holdings Corp. | 52,255 | ||||
5,958 | Prosus NV | 465,887 | ||||
8,000 | Rakuten, Inc. | 37,312 | ||||
3,485 | Target Corp. | 577,221 | ||||
8,880 | Wesfarmers, Ltd. | 299,267 | ||||
|
|
| ||||
10,276,596 | ||||||
|
|
| ||||
Building Products (0.7%): |
| |||||
953 | A O Smith Corp. | 65,900 | ||||
1,800 | AGC, Inc. | 67,104 | ||||
644 | Allegion plc | 68,734 | ||||
7,920 | ASSA Abloy AB, Class B | 190,228 | ||||
397 | Carlisle Cos., Inc. | 89,750 | ||||
6,227 | Carrier Global Corp. | 284,885 | ||||
3,605 | Cie de Saint-Gobain | 205,241 | ||||
1,900 | Daikin Industries, Ltd. | 340,684 | ||||
1,013 | Fortune Brands Innovations, Inc. | 59,494 | ||||
269 | Geberit AG, Registered Shares | 150,470 | ||||
5,184 | Johnson Controls International plc | 312,181 | ||||
1,045 | Kingspan Group plc | 71,730 | ||||
223 | Lennox International, Inc. | 56,035 | ||||
2,500 | Lixil Corp. | 41,233 | ||||
1,925 | Masco Corp. | 95,711 | ||||
11,325 | Nibe Industrier AB, Class B | 129,196 | ||||
729 | Owens Corning | 69,838 | ||||
52 | ROCKWOOL A/S, Class B | 12,725 | ||||
1,300 | TOTO, Ltd. | 43,559 | ||||
1,814 | Trane Technologies plc | 333,740 |
See accompanying notes to the schedules of portfolio investments.
161
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Building Products, continued | ||||||
13,000 | Xinyi Glass Holdings, Ltd. | $ | 23,251 | |||
|
|
| ||||
2,711,689 | ||||||
|
|
| ||||
Capital Markets (3.0%): | ||||||
7,666 | 3i Group plc | 159,823 | ||||
820 | Ameriprise Financial, Inc. | 251,330 | ||||
375 | Amundi SA | 23,689 | ||||
1,156 | Ares Management Corp., Class A | 96,457 | ||||
1,391 | ASX, Ltd. | 60,550 | ||||
6,011 | Bank of New York Mellon Corp. (The) | 273,140 | ||||
1,151 | BlackRock, Inc., Class A+ | 770,157 | ||||
5,277 | Blackstone, Inc., Class A | 463,532 | ||||
2,652 | Brookfield Asset Managmt, Ltd. | 86,882 | ||||
10,609 | Brookfield Corp. | 345,678 | ||||
1,473 | Carlyle Group, Inc. (The) | 45,751 | ||||
867 | Cboe Global Markets, Inc. | 116,386 | ||||
11,128 | Charles Schwab Corp. (The) | 582,885 | ||||
2,706 | CME Group, Inc. | 518,253 | ||||
938 | Coinbase Global, Inc.* | 63,381 | ||||
30,324 | Credit Suisse Group AG | 27,329 | ||||
8,900 | Daiwa Securities Group, Inc. | 41,825 | ||||
16,300 | Deutsche Bank AG | 165,269 | ||||
1,488 | Deutsche Boerse AG | 289,570 | ||||
2,202 | EQT AB | 45,055 | ||||
719 | Euronext NV | 55,050 | ||||
295 | FactSet Research Systems, Inc. | 122,452 | ||||
2,020 | Franklin Resources, Inc. | 54,419 | ||||
458 | Futu Holdings, Ltd., ADR* | 23,747 | ||||
2,555 | Goldman Sachs Group, Inc. (The) | 835,766 | ||||
3,288 | Hargreaves Lansdown plc | 32,535 | ||||
9,200 | Hong Kong Exchanges & Clearing, Ltd. | 408,350 | ||||
889 | IGM Financial, Inc.^ | 26,572 | ||||
4,372 | Intercontinental Exchange, Inc. | 455,956 | ||||
2,555 | Invesco, Ltd. | 41,902 | ||||
3,400 | Japan Exchange Group, Inc. | 51,882 | ||||
1,702 | Julius Baer Group, Ltd. | 116,567 | ||||
4,376 | KKR & Co., Inc., Class A | 229,828 | ||||
2,962 | London Stock Exchange Group plc | 287,812 | ||||
626 | LPL Financial Holdings, Inc. | 126,702 | ||||
2,875 | Macquarie Group, Ltd. | 338,607 | ||||
287 | MarketAxess Holdings, Inc. | 112,300 | ||||
1,227 | Moodys Corp. | 375,487 | ||||
9,662 | Morgan Stanley | 848,324 | ||||
594 | MSCI, Inc. | 332,456 | ||||
2,481 | Nasdaq, Inc. | 135,636 | ||||
23,000 | Nomura Holdings, Inc. | 88,797 | ||||
1,604 | Northern Trust Corp. | 141,360 | ||||
177 | Partners Group Holding AG | 166,928 | ||||
1,455 | Raymond James Financial, Inc. | 135,708 | ||||
2,551 | S&P Global, Inc. | 879,508 | ||||
1,400 | SBI Holdings, Inc. | 27,791 | ||||
6,758 | Schroders PLC | 38,503 | ||||
757 | SEI Investments Co. | 43,565 | ||||
3,200 | Singapore Exchange, Ltd. | 22,697 | ||||
3,801 | St. James Place plc | 56,933 | ||||
12,364 | Standard Life Aberdeen plc | 31,133 | ||||
2,691 | State Street Corp. | 203,682 | ||||
1,699 | T. Rowe Price Group, Inc. | 191,817 | ||||
521 | TMX Group, Ltd. | 52,628 | ||||
922 | Tradeweb Markets, Inc., Class A | 72,856 |
Shares | Value | |||||
Common Stocks, continued | ||||||
Capital Markets, continued | ||||||
26,216 | UBS Group AG | $ | 553,732 | |||
|
|
| ||||
12,146,930 | ||||||
|
|
| ||||
Chemicals (2.2%): |
| |||||
3,960 | Air Liquide SA | 663,355 | ||||
1,668 | Air Products and Chemicals, Inc. | 479,066 | ||||
1,503 | Akzo Nobel NV | 117,302 | ||||
875 | Albemarle Corp. | 193,410 | ||||
413 | Arkema SA | 40,846 | ||||
9,200 | Asahi Kasei Corp. | 64,529 | ||||
6,781 | BASF SE | 355,604 | ||||
885 | Celanese Corp. | 96,368 | ||||
1,430 | CF Industries Holdings, Inc. | 103,661 | ||||
801 | Christian Hansen Holding A/S | 60,796 | ||||
2,080 | Clariant AG | 34,524 | ||||
5,288 | Corteva, Inc. | 318,919 | ||||
1,415 | Covestro AG | 58,520 | ||||
1,096 | Croda International plc | 88,020 | ||||
5,426 | Dow, Inc. | 297,453 | ||||
3,684 | DuPont de Nemours, Inc. | 264,401 | ||||
795 | Eastman Chemical Co. | 67,050 | ||||
1,892 | Ecolab, Inc. | 313,183 | ||||
62 | EMS-Chemie Holding AG | 51,247 | ||||
1,938 | Evonik Industries AG | 40,684 | ||||
949 | FMC Corp. | 115,901 | ||||
73 | Givaudan SA, Registered Shares | 237,942 | ||||
6,835 | ICL Group, Ltd. | 46,269 | ||||
1,948 | International Flavors & Fragrances, Inc. | 179,138 | ||||
1,728 | Johnson Matthey plc | 42,340 | ||||
1,200 | JSR Corp. | 28,368 | ||||
1,339 | Koninklijke DSM NV | 158,245 | ||||
3,740 | Linde plc | 1,329,346 | ||||
2,005 | LyondellBasell Industries NV, Class A | 188,249 | ||||
8,000 | Mitsubishi Chemical Holdings Corp. | 47,606 | ||||
1,700 | Mitsui Chemicals, Inc. | 43,900 | ||||
2,710 | Mosaic Co. (The) | 124,335 | ||||
6,600 | Nippon Paint Holdings Co., Ltd. | 62,032 | ||||
1,100 | Nippon Sanso Holdings Corp. | 19,858 | ||||
800 | Nissan Chemical Corp. | 36,353 | ||||
1,000 | Nitto Denko Corp. | 64,632 | ||||
1,580 | Novozymes A/S, Class B | 80,941 | ||||
3,959 | Nutrien, Ltd. | 292,421 | ||||
824 | OCI NV | 27,969 | ||||
2,876 | Orica, Ltd. | 29,714 | ||||
1,861 | PPG Industries, Inc. | 248,592 | ||||
942 | RPM International, Inc. | 82,180 | ||||
1,843 | Sherwin-Williams Co. (The) | 414,251 | ||||
14,500 | Shin-Etsu Chemical Co., Ltd. | 470,354 | ||||
1,096 | Sika AG | 307,716 | ||||
632 | Solvay SA | 72,379 | ||||
13,800 | Sumitomo Chemical Co., Ltd. | 46,425 | ||||
979 | Symrise AG | 106,345 | ||||
9,200 | Toray Industries, Inc. | 52,603 | ||||
2,700 | Tosoh Corp. | 36,689 | ||||
1,822 | Umicore SA | 61,866 | ||||
301 | Westlake Corp. | 34,910 | ||||
1,092 | Yara International ASA | 47,566 | ||||
|
|
| ||||
8,846,373 | ||||||
|
|
| ||||
Commercial Services & Supplies (0.5%): |
| |||||
10,643 | Brambles, Ltd. | 95,786 |
See accompanying notes to the schedules of portfolio investments.
162
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Commercial Services & Supplies, continued |
| |||||
713 | Cintas Corp. | $ | 329,891 | |||
3,198 | Copart, Inc.* | 240,522 | ||||
1,800 | Dai Nippon Printing Co., Ltd. | 50,299 | ||||
1,558 | GFL Environmental, Inc. | 53,728 | ||||
18,835 | Rentokil Initial plc | 137,695 | ||||
1,681 | Republic Services, Inc. | 227,305 | ||||
1,016 | Ritchie Bros Auctioneers, Inc. | 57,172 | ||||
1,446 | Rollins, Inc. | 54,268 | ||||
1,500 | Secom Co., Ltd. | 92,336 | ||||
4,897 | Securitas AB, Class B | 43,679 | ||||
1,600 | TOPPAN, INC. | 32,235 | ||||
1,899 | Waste Connections, Inc. | 264,094 | ||||
3,102 | Waste Management, Inc. | 506,153 | ||||
|
|
| ||||
2,185,163 | ||||||
|
|
| ||||
Communications Equipment (0.7%): |
| |||||
1,856 | Arista Networks, Inc.* | 311,548 | ||||
31,182 | Cisco Systems, Inc. | 1,630,039 | ||||
438 | F5, Inc.* | 63,812 | ||||
2,336 | Juniper Networks, Inc. | 80,405 | ||||
1,259 | Motorola Solutions, Inc. | 360,238 | ||||
43,024 | Nokia OYJ | 211,512 | ||||
22,141 | Telefonaktiebolaget LM Ericsson, Class B | 130,113 | ||||
|
|
| ||||
2,787,667 | ||||||
|
|
| ||||
Construction & Engineering (0.3%): |
| |||||
1,670 | ACS Actividades de Construccion y Servicios SA | 53,209 | ||||
1,016 | AECOM | 85,669 | ||||
1,522 | Bouygues SA | 51,329 | ||||
559 | Eiffage SA | 60,506 | ||||
3,697 | Ferrovial SA | 108,745 | ||||
2,700 | Kajima Corp. | 32,592 | ||||
4,900 | Obayashi Corp. | 37,515 | ||||
1,125 | Quanta Services, Inc. | 187,470 | ||||
5,900 | Shimizu Corp. | 33,430 | ||||
3,144 | Skanska AB, Class B | 48,184 | ||||
1,100 | Taisei Corp. | 34,012 | ||||
4,211 | Vinci SA | 483,165 | ||||
876 | WSP Global, Inc. | 114,762 | ||||
|
|
| ||||
1,330,588 | ||||||
|
|
| ||||
Construction Materials (0.3%): | ||||||
5,611 | CRH plc | 283,543 | ||||
993 | HeidelbergCement AG | 72,423 | ||||
4,174 | Holcim, Ltd. | 269,326 | ||||
3,417 | James Hardie Industries SE | 73,331 | ||||
506 | Martin Marietta Materials, Inc. | 179,661 | ||||
970 | Vulcan Materials Co. | 166,413 | ||||
|
|
| ||||
1,044,697 | ||||||
|
|
| ||||
Consumer Finance (0.4%): | ||||||
2,642 | Ally Financial, Inc. | 67,345 | ||||
4,873 | American Express Co. | 803,801 | ||||
3,005 | Capital One Financial Corp. | 288,961 | ||||
2,037 | Discover Financial Services | 201,337 | ||||
1 | Isracard, Ltd. | 3 | ||||
3,567 | Synchrony Financial | 103,728 | ||||
|
|
| ||||
1,465,175 | ||||||
|
|
| ||||
Consumer Staples Distribution & Retail (1.5%): |
| |||||
4,900 | AEON Co., Ltd. | 95,005 | ||||
5,677 | Alimentation Couche-Tard, Inc. | 285,467 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Consumer Staples Distribution & Retail, continued |
| |||||
4,522 | Carrefour SA | $ | 91,407 | |||
10,570 | Coles Group, Ltd. | 127,416 | ||||
3,342 | Costco Wholesale Corp. | 1,660,539 | ||||
1,577 | Empire Co., Ltd., Class A | 42,281 | ||||
11,695 | Endeavour Group, Ltd. | 53,026 | ||||
528 | George Weston, Ltd. | 69,981 | ||||
1,243 | HelloFresh SE* | 29,596 | ||||
2,416 | Jeronimo Martins SGPS SA | 56,652 | ||||
2,524 | Kesko Oyj, Class B | 54,283 | ||||
1,000 | Kobe Bussan Co., Ltd. | 27,915 | ||||
8,237 | Koninklijke Ahold Delhaize NV | 281,724 | ||||
5,167 | Kroger Co. (The) | 255,095 | ||||
1,246 | Loblaw Cos., Ltd. | 113,572 | ||||
900 | MatsukiyoCocokara & Co. | 47,671 | ||||
1,796 | Metro, Inc. | 98,804 | ||||
3,324 | Ocado Group plc* | 22,057 | ||||
5,900 | Seven & I Holdings Co., Ltd. | 266,178 | ||||
3,825 | Sysco Corp. | 295,405 | ||||
57,561 | Tesco plc | 188,716 | ||||
5,845 | Walgreens Boots Alliance, Inc. | 202,120 | ||||
11,366 | Walmart, Inc. | 1,675,917 | ||||
500 | Welcia Holdings Co., Ltd. | 10,700 | ||||
9,046 | Woolworths Group, Ltd. | 229,358 | ||||
|
|
| ||||
6,280,885 | ||||||
|
|
| ||||
Consumer Staples Products (0.0%): |
| |||||
15,420 | J Sainsbury plc | 53,092 | ||||
|
|
| ||||
Containers & Packaging (0.2%): |
| |||||
1,733 | Amcor plc | 19,722 | ||||
8,910 | Amcor plc | 101,396 | ||||
648 | Avery Dennison Corp. | 115,947 | ||||
2,560 | Ball Corp. | 141,082 | ||||
1,000 | CCL Industries, Inc. | 49,685 | ||||
998 | Crown Holdings, Inc. | 82,545 | ||||
2,770 | International Paper Co. | 99,886 | ||||
682 | Packaging Corp. of America | 94,682 | ||||
1,076 | Sealed Air Corp. | 49,399 | ||||
2,350 | SIG Group AB | 60,473 | ||||
1,807 | Smurfit Kappa Group plc | 65,595 | ||||
1,935 | Westrock Co. | 58,959 | ||||
|
|
| ||||
939,371 | ||||||
|
|
| ||||
Distributors (0.1%): | ||||||
195 | Dieteren Group | 37,929 | ||||
1,036 | Genuine Parts Co. | 173,333 | ||||
1,795 | LKQ Corp. | 101,884 | ||||
321 | Pool Corp. | 109,923 | ||||
|
|
| ||||
423,069 | ||||||
|
|
| ||||
Diversified Consumer Services (0.0%): |
| |||||
1,753 | IDP Education, Ltd.^ | 32,157 | ||||
4,820 | Pearson plc | 50,294 | ||||
|
|
| ||||
82,451 | ||||||
|
|
| ||||
Diversified REITs (1.3%): |
| |||||
1,243 | Alexandria Real Estate Equities, Inc. | 156,108 | ||||
2,448 | American Homes 4 Rent, Class A | 76,990 | ||||
1,081 | AvalonBay Communities, Inc. | 181,673 | ||||
1,147 | Boston Properties, Inc. | 62,076 | ||||
8,137 | British Land Co. plc | 39,066 | ||||
815 | Canadian Apartment Properties REIT | 28,594 |
See accompanying notes to the schedules of portfolio investments.
163
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Diversified REITs, continued |
| |||||
29,744 | CapitaLand Ascendas REIT | $ | 64,234 | |||
44,406 | CapitaLand Mall Trust | 66,321 | ||||
316 | Covivio | 18,424 | ||||
18 | Daiwahouse Residential Investment Corp. | 36,929 | ||||
6,489 | Dexus | 32,871 | ||||
2,111 | Digital Realty Trust, Inc. | 207,532 | ||||
2,712 | Equity Residential | 162,720 | ||||
522 | Essex Property Trust, Inc. | 109,171 | ||||
1,963 | Gaming and Leisure Properties, Inc. | 102,194 | ||||
424 | Gecina SA | 44,067 | ||||
28 | GLP J-REIT | 30,248 | ||||
12,390 | Goodman Group | 157,543 | ||||
11,976 | GPT Group | 34,286 | ||||
4,227 | Healthpeak Properties, Inc. | 92,867 | ||||
5,303 | Host Hotels & Resorts, Inc. | 87,446 | ||||
4,453 | Invitation Homes, Inc. | 139,067 | ||||
43 | Japan Metropolitan Fund Invest | 31,383 | ||||
7 | Japan Real Estate Investment Corp. | 27,899 | ||||
4,981 | Kimco Realty Corp. | 97,279 | ||||
1,908 | Klepierre^ | 43,264 | ||||
4,133 | Land Securities Group plc | 31,762 | ||||
20,400 | Link REIT (The) | 130,830 | ||||
21,123 | Mapletree Logistics Trust | 27,263 | ||||
15,100 | Mapletree Pan Asia Commercial Trust | 20,514 | ||||
928 | Mid-America Apartment Communities, Inc. | 140,165 | ||||
36,393 | Mirvac Group | 51,045 | ||||
10 | Nippon Building Fund, Inc. | 41,585 | ||||
20 | Nippon Prologis REIT, Inc. | 42,397 | ||||
39 | Nomura Real Estate Master Fund, Inc. | 43,738 | ||||
7,067 | Prologis, Inc. | 881,750 | ||||
4,878 | Realty Income Corp. | 308,875 | ||||
1,170 | Regency Centers Corp. | 71,581 | ||||
460 | RioCan REIT | 6,941 | ||||
36,788 | Scentre Group | 68,242 | ||||
9,532 | Segro plc | 90,712 | ||||
22,062 | Stockland | 59,091 | ||||
1,005 | Sun Communities, Inc. | 141,584 | ||||
2,272 | UDR, Inc. | 93,288 | ||||
812 | Unibail-Rodamco-Westfield*^ | 43,741 | ||||
3,011 | Ventas, Inc. | 130,527 | ||||
7,051 | VICI Properties, Inc. | 230,004 | ||||
24,703 | Vicinity Centres | 32,347 | ||||
1,164 | Warehouses De Pauw CVA | 34,609 | ||||
3,628 | Welltower, Inc. | 260,091 | ||||
5,617 | Weyerhaeuser Co. | 169,240 | ||||
1,532 | WP Carey, Inc. | 118,653 | ||||
|
|
| ||||
5,400,827 | ||||||
|
|
| ||||
Diversified Telecommunication Services (1.2%): |
| |||||
54,719 | AT&T, Inc. | 1,053,341 | ||||
692 | BCE, Inc. | 31,002 | ||||
15,935 | Bezeq The Israeli Telecommunication Corp., Ltd. | 21,739 | ||||
54,369 | BT Group plc | 97,813 | ||||
4,277 | Cellnex Telecom SAU | 166,470 | ||||
24,477 | Deutsche Telekom AG | 592,800 | ||||
937 | Elisa OYJ | 56,465 | ||||
20,000 | HKT Trust & HKT, Ltd. | 26,627 | ||||
2,027 | Infrastrutture Wireless Italiane SpA | 26,716 | ||||
24,798 | Koninklijke KPN NV | 87,576 | ||||
914 | Liberty Global plc, Class A* | 17,823 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Diversified Telecommunication Services, continued |
| |||||
2,488 | Liberty Global plc, Class C* | $ | 50,705 | |||
9,400 | Nippon Telegraph & Telephone Corp. | 280,786 | ||||
14,487 | Orange SA | 172,121 | ||||
62,100 | Singapore Telecommunications, Ltd. | 115,100 | ||||
17,116 | Spark New Zealand, Ltd. | 54,264 | ||||
191 | Swisscom AG | 121,903 | ||||
92,093 | Telecom Italia SpA* | 30,525 | ||||
10,489 | Telefonica Deutschland Holding AG | 32,274 | ||||
41,617 | Telefonica SA | 179,569 | ||||
5,021 | Telenor ASA | 58,971 | ||||
18,848 | Telia Co AB | 47,911 | ||||
29,855 | Telstra Corp., Ltd. | 84,318 | ||||
4,073 | TELUS Corp. | 80,869 | ||||
476 | United Internet AG, Registered Shares | 8,194 | ||||
31,846 | Verizon Communications, Inc. | 1,238,491 | ||||
|
|
| ||||
4,734,373 | ||||||
|
|
| ||||
Electric Utilities (1.8%): |
| |||||
193 | Acciona SA | 38,669 | ||||
2,074 | Alliant Energy Corp. | 110,752 | ||||
4,022 | American Electric Power Co., Inc. | 365,962 | ||||
165 | BKW AG | 25,942 | ||||
6,000 | Chubu Electric Power Co., Inc. | 63,328 | ||||
7,000 | CK Infrastructure Holdings, Ltd. | 38,220 | ||||
12,500 | CLP Holdings, Ltd. | 90,358 | ||||
2,388 | Constellation Energy Corp. | 187,458 | ||||
5,817 | Duke Energy Corp. | 561,166 | ||||
2,803 | Edison International | 197,864 | ||||
20,856 | EDP - Energias de Portugal SA | 113,635 | ||||
240 | Elia Group SA/NV | 31,692 | ||||
1,880 | Emera, Inc. | 77,242 | ||||
3,072 | Endesa SA | 66,701 | ||||
63,678 | Enel SpA | 388,864 | ||||
1,468 | Entergy Corp. | 158,162 | ||||
1,705 | Evergy, Inc. | 104,210 | ||||
2,630 | Eversource Energy | 205,824 | ||||
7,537 | Exelon Corp. | 315,725 | ||||
4,392 | FirstEnergy Corp. | 175,944 | ||||
3,796 | Fortis, Inc. | 161,386 | ||||
3,188 | Fortum OYJ* | 48,894 | ||||
2,288 | Hydro One, Ltd. | 65,154 | ||||
44,743 | Iberdrola SA | 557,279 | ||||
6,500 | Kansai Electric Power Co., Inc. (The) | 63,327 | ||||
4,873 | Mercury NZ, Ltd. | 19,256 | ||||
15,106 | NextEra Energy, Inc. | 1,164,371 | ||||
1,642 | NRG Energy, Inc. | 56,304 | ||||
12,220 | Origin Energy, Ltd. | 67,698 | ||||
1,339 | Orsted A/S | 114,229 | ||||
11,217 | PG&E Corp.* | 181,379 | ||||
10,000 | Power Assets Holdings, Ltd. | 53,584 | ||||
5,489 | PPL Corp. | 152,539 | ||||
1,850 | Red Electrica Corp SA | 32,539 | ||||
8,483 | Scottish & Southern Energy plc | 188,924 | ||||
8,208 | Southern Co. (The) | 571,113 | ||||
10,285 | Terna SpA | 84,405 | ||||
14,900 | Tokyo Electric Power Co. Holdings, Inc.* | 53,184 | ||||
453 | Verbund AG, Class A | 39,381 | ||||
4,288 | Xcel Energy, Inc. | 289,183 | ||||
|
|
| ||||
7,281,847 | ||||||
|
|
|
See accompanying notes to the schedules of portfolio investments.
164
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Electrical Equipment (0.9%): | ||||||
11,145 | ABB, Ltd. | $ | 382,290 | |||
1,759 | AMETEK, Inc. | 255,635 | ||||
2,996 | Eaton Corp. plc | 513,335 | ||||
4,629 | Emerson Electric Co. | 403,371 | ||||
1,200 | Fuji Electric Co., Ltd. | 47,358 | ||||
515 | Generac Holdings, Inc.* | 55,625 | ||||
401 | Hubbell, Inc. | 97,567 | ||||
1,991 | Legrand SA | 182,098 | ||||
14,900 | Mitsubishi Electric Corp. | 177,977 | ||||
3,500 | Nidec Corp. | 181,700 | ||||
3,798 | Plug Power, Inc.*^ | 44,513 | ||||
2,209 | Prysmian SpA | 92,995 | ||||
908 | Rockwell Automation, Inc. | 266,453 | ||||
4,120 | Schneider Electric SA | 688,672 | ||||
994 | Sensata Technologies Holding plc | 49,720 | ||||
3,694 | Siemens Energy AG* | 81,078 | ||||
7,907 | Vestas Wind Systems A/S | 229,115 | ||||
|
|
| ||||
3,749,502 | ||||||
|
|
| ||||
Electronic Equipment, Instruments & Components (0.9%): |
| |||||
4,657 | Amphenol Corp., Class A | 380,570 | ||||
499 | Arrow Electronics, Inc.* | 62,310 | ||||
800 | Azbil Corp. | 21,889 | ||||
996 | CDW Corp. | 194,110 | ||||
1,304 | Cognex Corp. | 64,613 | ||||
6,459 | Corning, Inc. | 227,874 | ||||
2,865 | Halma plc | 79,080 | ||||
1,300 | Hamamatsu Photonics KK | 70,183 | ||||
14,804 | Hexagon AB, Class B | 170,416 | ||||
205 | Hirose Electric Co., Ltd. | 26,826 | ||||
600 | Ibiden Co., Ltd. | 24,075 | ||||
1,400 | Keyence Corp. | 686,451 | ||||
1,431 | Keysight Technologies, Inc.* | 231,078 | ||||
2,500 | Kyocera Corp. | 130,429 | ||||
4,200 | Murata Manufacturing Co., Ltd. | 256,497 | ||||
1,300 | Omron Corp. | 76,073 | ||||
1,400 | Shimadzu Corp. | 43,921 | ||||
2,900 | TDK Corp. | 104,086 | ||||
2,392 | TE Connectivity, Ltd. | 313,711 | ||||
370 | Teledyne Technologies, Inc.* | 165,523 | ||||
2,037 | Trimble, Inc.* | 106,780 | ||||
2,800 | Venture Corp., Ltd. | 37,305 | ||||
2,200 | Yokogawa Electric Corp. | 35,814 | ||||
416 | Zebra Technologies Corp., Class A* | 132,288 | ||||
|
|
| ||||
3,641,902 | ||||||
|
|
| ||||
Energy Equipment & Services (0.2%): |
| |||||
7,448 | Baker Hughes Co. | 214,949 | ||||
7,162 | Halliburton Co. | 226,606 | ||||
10,695 | Schlumberger, Ltd. | 525,124 | ||||
3,045 | Tenaris SA | 43,302 | ||||
|
|
| ||||
1,009,981 | ||||||
|
|
| ||||
Entertainment (1.3%): | ||||||
5,882 | Activision Blizzard, Inc. | 503,440 | ||||
8,533 | Bollore, Inc.^ | 52,661 | ||||
1,200 | Capcom Co., Ltd. | 42,933 | ||||
2,124 | Electronic Arts, Inc. | 255,836 | ||||
3,590 | Embracer Group AB* | 16,849 | ||||
780 | Koei Tecmo Holdings Co., Ltd. | 14,092 | ||||
900 | Konami Holdings Corp. | 41,321 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Entertainment, continued |
| |||||
1,414 | Liberty Media Corp-Liberty Formula One, Class C* | $ | 105,810 | |||
1,290 | Live Nation Entertainment, Inc.* | 90,300 | ||||
3,424 | Netflix, Inc.* | 1,182,924 | ||||
3,600 | Nexon Co., Ltd. | 85,962 | ||||
8,600 | Nintendo Co., Ltd. | 333,421 | ||||
2,750 | ROBLOX Corp., Class A* | 123,695 | ||||
924 | Roku, Inc.* | 60,818 | ||||
2,662 | Sea, Ltd., ADR* | 230,396 | ||||
400 | Square Enix Holdings Co., Ltd. | 19,222 | ||||
1,366 | Take-Two Interactive Software, Inc.* | 162,964 | ||||
600 | Toho Co., Ltd. | 22,978 | ||||
5,833 | Universal Music Group NV | 147,439 | ||||
13,879 | Walt Disney Co. (The)* | 1,389,704 | ||||
17,412 | Warner Bros Discovery, Inc.* | 262,921 | ||||
|
|
| ||||
5,145,686 | ||||||
|
|
| ||||
Financial Services (1.1%): |
| |||||
3,132 | Apollo Global Management, Inc. | 197,817 | ||||
9,908 | Berkshire Hathaway, Inc., Class B* | 3,059,293 | ||||
2,947 | Element Fleet Management Corp. | 38,710 | ||||
2,830 | Equitable Holdings, Inc. | 71,854 | ||||
414 | Eurazeo SE | 29,492 | ||||
740 | EXOR NV* | 60,973 | ||||
823 | Groupe Bruxelles Lambert SA | 70,267 | ||||
885 | Industrivarden AB, Class A | 23,927 | ||||
1,476 | Industrivarden AB, Class C | 39,841 | ||||
4,065 | Investor AB | 83,013 | ||||
13,538 | Investor AB, Class B | 269,790 | ||||
2,236 | Kinnevik AB, Class B* | 33,519 | ||||
418 | L E Lundbergforetagen AB | 18,946 | ||||
15,826 | M&G plc | 38,757 | ||||
4,100 | Mitsubishi HC Capital, Inc. | 21,193 | ||||
340 | Nuvei Corp.* | 14,815 | ||||
397 | Onex Corp. | 18,562 | ||||
8,600 | ORIX Corp. | 141,852 | ||||
142 | Sofina SA | 31,980 | ||||
122 | Wendel | 12,921 | ||||
2,076 | Worldline SA* | 88,220 | ||||
|
|
| ||||
4,365,742 | ||||||
|
|
| ||||
Food Products (1.7%): |
| |||||
3,400 | Ajinomoto Co., Inc. | 118,333 | ||||
3,935 | Archer-Daniels-Midland Co. | 313,462 | ||||
2,448 | Associated British Foods plc | 58,743 | ||||
23 | Barry Callebaut AG, Registered Shares | 48,844 | ||||
1,243 | Bunge, Ltd. | 118,731 | ||||
1,754 | Campbell Soup Co. | 96,435 | ||||
3,715 | Conagra Brands, Inc. | 139,535 | ||||
4,903 | Danone SA | 304,782 | ||||
1,198 | Darling Ingredients, Inc.* | 69,963 | ||||
4,426 | General Mills, Inc. | 378,246 | ||||
1,108 | Hershey Co. (The) | 281,886 | ||||
2,218 | Hormel Foods Corp. | 88,454 | ||||
476 | JDE Peets NV | 13,844 | ||||
815 | JM Smucker Co. (The) | 128,257 | ||||
1,968 | Kellogg Co. | 131,777 | ||||
1,279 | Kerry Group plc, Class A | 127,452 | ||||
1,300 | Kikkoman Corp. | 66,323 | ||||
5,513 | Kraft Heinz Co. (The) | 213,188 | ||||
1,074 | Lamb Weston Holdings, Inc. | 112,254 | ||||
7 | Lindt & Spruengli AG | 82,839 |
See accompanying notes to the schedules of portfolio investments.
165
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Food Products, continued |
| |||||
1,974 | McCormick & Co. | $ | 164,257 | |||
1,600 | Meiji Holdings Co., Ltd. | 38,055 | ||||
10,120 | Mondelez International, Inc., Class A | 705,566 | ||||
3,271 | Mowi ASA | 60,604 | ||||
21,237 | Nestle SA | 2,593,254 | ||||
2,400 | Nisshin Seifun Group, Inc. | 28,088 | ||||
600 | Nissin Foods Holdings Co., Ltd. | 54,882 | ||||
5,748 | Orkla ASA, Class A | 40,850 | ||||
461 | Salmar ASA | 20,130 | ||||
2,279 | Saputo, Inc. | 58,978 | ||||
2,173 | Tyson Foods, Inc., Class A | 128,902 | ||||
68,033 | WH Group, Ltd. | 40,438 | ||||
18,000 | Wilmar International, Ltd. | 57,136 | ||||
900 | Yakult Honsha Co., Ltd. | 65,437 | ||||
|
|
| ||||
6,949,925 | ||||||
|
|
| ||||
Gas Utilities (0.1%): |
| |||||
2,666 | AltaGas, Ltd.^ | 44,450 | ||||
8,525 | APA Group | 57,837 | ||||
1,138 | Atmos Energy Corp. | 127,866 | ||||
595 | Enagas SA | 11,429 | ||||
83,117 | Hong Kong & China Gas Co., Ltd. | 73,435 | ||||
985 | Naturgy Energy Group SA^ | 29,646 | ||||
3,600 | Osaka Gas Co., Ltd. | 59,199 | ||||
14,344 | Snam SpA | 76,133 | ||||
3,500 | Tokyo Gas Co., Ltd. | 65,914 | ||||
1,451 | UGI Corp. | 50,437 | ||||
|
|
| ||||
596,346 | ||||||
|
|
| ||||
Ground Transportation (1.1%): |
| |||||
11,052 | Aurizon Holdings, Ltd. | 24,876 | ||||
4,250 | Canadian National Railway Co. | 501,552 | ||||
6,840 | Canadian Pacific Railway, Ltd. | 526,270 | ||||
173 | Canadian Pacific Railway, Ltd., Class 1 | 13,324 | ||||
1,100 | Central Japan Railway Co. | 131,344 | ||||
16,092 | CSX Corp. | 481,794 | ||||
2,300 | East Japan Railway Co. | 127,205 | ||||
8,772 | Grab Holdings, Ltd.* | 26,404 | ||||
2,100 | Hankyu Hanshin Holdings, Inc. | 62,320 | ||||
653 | JB Hunt Transport Services, Inc. | 114,575 | ||||
1,000 | Keio Corp. | 35,071 | ||||
900 | Keisei Electric Railway Co., Ltd. | 27,713 | ||||
1,000 | Kintetsu Group Holdings Co., Ltd. | 32,165 | ||||
1,052 | Knight-Swift Transportation Holdings, Inc. | 59,522 | ||||
10,500 | MTR Corp., Ltd. | 50,792 | ||||
1,748 | Norfolk Southern Corp. | 370,576 | ||||
2,700 | Odakyu Electric Railway Co., Ltd. | 35,064 | ||||
744 | Old Dominion Freight Line, Inc. | 253,585 | ||||
703 | TFI International, Inc. | 83,899 | ||||
1,800 | Tobu Railway Co., Ltd. | 43,068 | ||||
4,600 | Tokyu Corp. | 61,184 | ||||
11,196 | Uber Technologies, Inc.* | 354,913 | ||||
612 | U-Haul Holding Co. | 31,732 | ||||
4,691 | Union Pacific Corp. | 944,111 | ||||
1,500 | West Japan Railway Co. | 61,800 | ||||
|
|
| ||||
4,454,859 | ||||||
|
|
| ||||
Health Care Equipment & Supplies (2.4%): |
| |||||
13,321 | Abbott Laboratories | 1,348,884 | ||||
3,713 | Alcon, Inc. | 263,514 | ||||
554 | Align Technology, Inc.* | 185,114 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Health Care Equipment & Supplies, continued |
| |||||
1,400 | Asahi Intecc Co., Ltd. | $ | 24,778 | |||
3,685 | Baxter International, Inc. | 149,464 | ||||
2,147 | Becton Dickinson and Co. | 531,468 | ||||
245 | BioMerieux | 25,847 | ||||
10,785 | Boston Scientific Corp.* | 539,574 | ||||
372 | Carl Zeiss Meditec AG | 51,660 | ||||
451 | Cochlear, Ltd. | 71,474 | ||||
934 | Coloplast A/S, Class B | 122,949 | ||||
393 | Cooper Cos., Inc. (The) | 146,730 | ||||
1,001 | Demant A/S* | 35,132 | ||||
1,576 | DENTSPLY SIRONA, Inc. | 61,905 | ||||
2,893 | Dexcom, Inc.* | 336,109 | ||||
233 | DiaSorin SpA | 24,581 | ||||
4,612 | Edwards Lifesciences Corp.* | 381,551 | ||||
2,277 | EssilorLuxottica SA | 411,020 | ||||
4,138 | Fisher & Paykel Healthcare Corp., Ltd. | 69,091 | ||||
2,722 | GE HealthCare Technologies, Inc.* | 223,286 | ||||
1,920 | Getinge AB, Class B | 46,929 | ||||
1,772 | Hologic, Inc.* | 143,000 | ||||
2,600 | Hoya Corp. | 287,549 | ||||
613 | IDEXX Laboratories, Inc.* | 306,549 | ||||
499 | Insulet Corp.* | 159,161 | ||||
2,711 | Intuitive Surgical, Inc.* | 692,579 | ||||
7,129 | Koninklijke Philips NV | 130,134 | ||||
395 | Masimo Corp.* | 72,893 | ||||
10,167 | Medtronic plc | 819,664 | ||||
825 | Novocure, Ltd.* | 49,615 | ||||
9,800 | Olympus Corp. | 172,128 | ||||
1,158 | ResMed, Inc. | 253,590 | ||||
2,110 | Siemens Healthineers AG | 121,344 | ||||
6,641 | Smith & Nephew plc | 92,384 | ||||
452 | Sonova Holding AG | 133,324 | ||||
805 | STERIS plc | 153,980 | ||||
860 | Straumann Holding AG, Class R | 129,008 | ||||
2,589 | Stryker Corp. | 739,082 | ||||
1,100 | Sysmex Corp. | 72,221 | ||||
354 | Teleflex, Inc. | 89,672 | ||||
4,800 | Terumo Corp. | 129,598 | ||||
1,656 | Zimmer Biomet Holdings, Inc. | 213,955 | ||||
|
|
| ||||
10,012,490 | ||||||
|
|
| ||||
Health Care Providers & Services (2.0%): |
| |||||
1,225 | AmerisourceBergen Corp. | 196,135 | ||||
845 | Amplifon SpA | 29,370 | ||||
1,956 | Cardinal Health, Inc. | 147,678 | ||||
4,475 | Centene Corp.* | 282,865 | ||||
2,319 | Cigna Group (The) | 592,574 | ||||
10,048 | CVS Health Corp. | 746,667 | ||||
457 | DaVita, Inc.* | 37,067 | ||||
1,836 | Elevance Health, Inc. | 844,211 | ||||
1,484 | Fresenius Medical Care AG & Co., KGaA | 62,928 | ||||
3,378 | Fresenius SE & Co. KGaA | 91,051 | ||||
1,635 | HCA Healthcare, Inc. | 431,117 | ||||
997 | Henry Schein, Inc.* | 81,295 | ||||
951 | Humana, Inc. | 461,673 | ||||
643 | Laboratory Corp. of America Holdings | 147,517 | ||||
1,065 | McKesson Corp. | 379,193 | ||||
453 | Molina Healthcare, Inc.* | 121,173 | ||||
904 | Quest Diagnostics, Inc. | 127,898 | ||||
1,328 | Ramsay Health Care, Ltd. | 59,105 |
See accompanying notes to the schedules of portfolio investments.
166
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Health Care Providers & Services, continued |
| |||||
3,322 | Sonic Healthcare, Ltd. | $ | 77,633 | |||
7,109 | UnitedHealth Group, Inc. | 3,359,642 | ||||
521 | Universal Health Services, Inc., Class B | 66,219 | ||||
|
|
| ||||
8,343,011 | ||||||
|
|
| ||||
Health Care REITs (0.0%): | ||||||
2,942 | Healthcare Realty Trust, Inc. | 56,869 | ||||
4,192 | Medical Properties Trust, Inc. | 34,458 | ||||
|
|
| ||||
91,327 | ||||||
|
|
| ||||
Health Care Technology (0.1%): | ||||||
3,600 | M3, Inc. | 90,583 | ||||
1,069 | Veeva Systems, Inc., Class A* | 196,472 | ||||
|
|
| ||||
287,055 | ||||||
|
|
| ||||
Hotels, Restaurants & Leisure (2.0%): |
| |||||
1,592 | Accor SA* | 51,795 | ||||
2,885 | Airbnb, Inc., Class A* | 358,894 | ||||
1,999 | Aramark | 71,564 | ||||
4,751 | Aristocrat Leisure, Ltd. | 118,775 | ||||
290 | Booking Holdings, Inc.* | 769,199 | ||||
1,690 | Caesars Entertainment, Inc.* | 82,489 | ||||
6,824 | Carnival Corp., Class A* | 69,264 | ||||
217 | Chipotle Mexican Grill, Inc.* | 370,699 | ||||
13,170 | Compass Group plc | 331,091 | ||||
888 | Darden Restaurants, Inc. | 137,782 | ||||
1,331 | Delivery Hero SE* | 45,282 | ||||
260 | Dominos Pizza, Inc. | 85,766 | ||||
1,849 | DoorDash, Inc., Class A* | 117,522 | ||||
4,276 | Entain plc | 66,536 | ||||
1,406 | Evolution AB | 188,722 | ||||
1,136 | Expedia Group, Inc.* | 110,226 | ||||
1,257 | Flutter Entertainment plc* | 228,602 | ||||
16,000 | Galaxy Entertainment Group, Ltd.* | 106,365 | ||||
53,300 | Genting Singapore, Ltd. | 44,943 | ||||
2,012 | Hilton Worldwide Holdings, Inc. | 283,430 | ||||
1,297 | InterContinental Hotels Group plc | 85,210 | ||||
1,296 | Just Eat Takeaway* | 24,771 | ||||
883 | La Francaise des Jeux SAEM | 36,810 | ||||
2,602 | Las Vegas Sands Corp.* | 149,485 | ||||
14,501 | Lottery Corp., Ltd. (The) | 49,798 | ||||
2,041 | Marriott International, Inc., Class A | 338,888 | ||||
5,596 | McDonalds Corp. | 1,564,697 | ||||
900 | McDonalds Holdings Co., Ltd. | 37,430 | ||||
2,452 | MGM Resorts International | 108,918 | ||||
7,000 | Oriental Land Co., Ltd. | 239,395 | ||||
2,135 | Restaurant Brands International, Inc. | 143,344 | ||||
1,827 | Royal Caribbean Cruises, Ltd.* | 119,303 | ||||
21,600 | Sands China, Ltd.* | 75,391 | ||||
597 | Sodexo SA | 58,318 | ||||
8,790 | Starbucks Corp. | 915,303 | ||||
297 | Vail Resorts, Inc. | 69,403 | ||||
1,803 | Whitbread plc | 66,589 | ||||
750 | Wynn Resorts, Ltd.* | 83,932 | ||||
2,228 | Yum! Brands, Inc. | 294,274 | ||||
|
|
| ||||
8,100,205 | ||||||
|
|
| ||||
Household Durables (0.6%): | ||||||
6,179 | Barratt Developments plc | 35,674 | ||||
1,028 | Berkeley Group Holdings plc | 53,325 | ||||
2,585 | DR Horton, Inc. | 252,529 | ||||
2,085 | Electrolux AB, Class B | 25,312 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Household Durables, continued |
| |||||
1,046 | Garmin, Ltd. | $ | 105,562 | |||
212 | Garmin, Ltd. | 21,395 | ||||
600 | Iida Group Holdings Co., Ltd. | 9,792 | ||||
2,008 | Lennar Corp., Class A | 211,061 | ||||
380 | Mohawk Industries, Inc.* | 38,084 | ||||
2,638 | Newell Brands, Inc. | 32,817 | ||||
22 | NVR, Inc.* | 122,588 | ||||
700 | Open House Co., Ltd. | 26,253 | ||||
17,900 | Panasonic Holdings Corp. | 160,229 | ||||
2,260 | Persimmon plc | 35,143 | ||||
1,687 | PulteGroup, Inc. | 98,318 | ||||
256 | SEB SA | 29,219 | ||||
3,500 | Sekisui Chemical Co., Ltd. | 49,655 | ||||
4,500 | Sekisui House, Ltd. | 91,708 | ||||
1,000 | Sharp Corp. | 7,072 | ||||
9,600 | Sony Group Corp. | 872,875 | ||||
19,704 | Taylor Wimpey plc | 29,021 | ||||
460 | Whirlpool Corp. | 60,729 | ||||
|
|
| ||||
2,368,361 | ||||||
|
|
| ||||
Household Products (1.1%): | ||||||
1,968 | Church & Dwight Co., Inc. | 173,991 | ||||
885 | Clorox Co. (The) | 140,042 | ||||
6,204 | Colgate-Palmolive Co. | 466,231 | ||||
4,830 | Essity AB, Class B | 138,173 | ||||
659 | Henkel AG & Co. KGaA | 47,917 | ||||
2,643 | Kimberly-Clark Corp. | 354,743 | ||||
18,087 | Procter & Gamble Co. (The) | 2,689,356 | ||||
5,350 | Reckitt Benckiser Group plc | 406,397 | ||||
3,000 | Unicharm Corp. | 123,330 | ||||
|
|
| ||||
4,540,180 | ||||||
|
|
| ||||
Independent Power and Renewable Electricity Producers (0.1%): | ||||||
4,828 | AES Corp. (The) | 116,258 | ||||
787 | Brookfield Renewable Corp., Class A | 27,524 | ||||
516 | Corp ACCIONA Energias Renovables SA* | 20,015 | ||||
2,012 | EDP Renovaveis SA | 46,127 | ||||
12,972 | Meridian Energy, Ltd. | 42,667 | ||||
2,059 | Northland Power, Inc. | 51,624 | ||||
4,774 | RWE AG | 205,209 | ||||
3,098 | Vistra Corp. | 74,352 | ||||
|
|
| ||||
583,776 | ||||||
|
|
| ||||
Industrial Conglomerates (1.0%): | ||||||
4,147 | 3M Co. | 435,891 | ||||
21,000 | CK Hutchison Holdings, Ltd. | 130,402 | ||||
654 | DCC plc | 38,164 | ||||
8,098 | General Electric Co. | 774,169 | ||||
7,400 | Hitachi, Ltd. | 406,802 | ||||
5,171 | Honeywell International, Inc. | 988,281 | ||||
1,007 | Investment AB Latour, Class B | 20,530 | ||||
1,000 | Jardine Cycle & Carriage, Ltd. | 23,628 | ||||
1,100 | Jardine Matheson Holdings, Ltd. | 53,585 | ||||
11,400 | Keppel Corp., Ltd. | 48,329 | ||||
1,957 | Lifco AB, Class B | 42,149 | ||||
29,985 | Melrose Industries plc | 61,792 | ||||
5,856 | Siemens AG | 947,815 | ||||
2,548 | Smiths Group plc | 53,989 | ||||
3,100 | Toshiba Corp. | 103,888 | ||||
|
|
| ||||
4,129,414 | ||||||
|
|
|
See accompanying notes to the schedules of portfolio investments.
167
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Insurance (3.1%): |
| |||||
1,729 | Admiral Group plc | $ | 43,513 | |||
12,269 | Aegon NV | 52,722 | ||||
4,487 | Aflac, Inc. | 289,501 | ||||
1,180 | Ageas NV | 51,006 | ||||
91,200 | AIA Group, Ltd. | 958,298 | ||||
3,081 | Allianz SE+ | 711,158 | ||||
2,054 | Allstate Corp. (The) | 227,604 | ||||
506 | American Financial Group, Inc. | 61,479 | ||||
5,621 | American International Group, Inc. | 283,074 | ||||
1,584 | Aon plc, Class A | 499,419 | ||||
2,728 | Arch Capital Group, Ltd.* | 185,149 | ||||
1,647 | Arthur J. Gallagher & Co. | 315,088 | ||||
8,867 | Assicurazioni Generali SpA | 176,988 | ||||
407 | Assurant, Inc. | 48,868 | ||||
20,405 | Aviva plc | 101,977 | ||||
14,634 | AXA SA | 447,420 | ||||
296 | Baloise Holding AG | 46,200 | ||||
1,810 | Brown & Brown, Inc. | 103,930 | ||||
3,174 | Chubb, Ltd. | 616,327 | ||||
1,198 | Cincinnati Financial Corp. | 134,272 | ||||
7,800 | Dai-ichi Life Holdings, Inc. | 143,331 | ||||
202 | Erie Indemnity Co., Class A | 46,795 | ||||
281 | Everest Re Group, Ltd. | 100,604 | ||||
187 | Fairfax Financial Holdings, Ltd. | 124,385 | ||||
1,917 | Fidelity National Financial, Inc. | 66,961 | ||||
1,848 | Gjensidige Forsikring ASA^ | 30,299 | ||||
676 | Globe Life, Inc. | 74,374 | ||||
1,806 | Great-West Lifeco, Inc. | 47,873 | ||||
437 | Hannover Rueck SE | 85,480 | ||||
2,083 | Hartford Financial Services Group, Inc. (The) | 145,164 | ||||
679 | IA Financial Corp., Inc. | 43,042 | ||||
22,633 | Insurance Australia Group, Ltd. | 71,056 | ||||
1,269 | Intact Financial Corp. | 181,640 | ||||
18,100 | Japan Post Holdings Co., Ltd. | 147,293 | ||||
1,700 | Japan Post Insurance Co., Ltd. | 26,544 | ||||
48,424 | Legal & General Group plc | 143,207 | ||||
1,606 | Loews Corp. | 93,180 | ||||
13,145 | Manulife Financial Corp. | 241,246 | ||||
106 | Markel Corp.* | 135,405 | ||||
3,786 | Marsh & McLennan Cos., Inc. | 630,558 | ||||
25,594 | Medibank Private, Ltd. | 57,628 | ||||
5,023 | MetLife, Inc. | 291,033 | ||||
3,200 | MS&AD Insurance Group Holdings, Inc. | 99,380 | ||||
1,057 | Muenchener Rueckversicherungs-Gesellschaft AG | 369,642 | ||||
2,086 | NN Group NV | 75,678 | ||||
6,201 | Phoenix Group Holdings plc | 41,883 | ||||
4,829 | Poste Italiane SpA | 49,422 | ||||
4,218 | Power Corp. of Canada^ | 107,814 | ||||
1,871 | Principal Financial Group, Inc. | 139,053 | ||||
4,429 | Progressive Corp. (The) | 633,613 | ||||
2,777 | Prudential Financial, Inc. | 229,769 | ||||
21,525 | Prudential PLC | 294,334 | ||||
10,666 | QBE Insurance Group, Ltd. | 104,144 | ||||
3,651 | Sampo Oyj, Class A | 172,208 | ||||
2,300 | Sompo Holdings, Inc. | 91,292 | ||||
4,504 | Sun Life Financial, Inc. | 210,451 | ||||
9,098 | Suncorp Group, Ltd. | 73,753 | ||||
244 | Swiss Life Holding AG | 150,498 | ||||
2,255 | Swiss Re AG | 232,004 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Insurance, continued |
| |||||
4,700 | T&D Holdings, Inc. | $ | 58,392 | |||
13,600 | Tokio Marine Holdings, Inc. | 262,254 | ||||
1,767 | Travelers Cos., Inc. (The) | 302,881 | ||||
2,488 | Tryg A/S | 54,337 | ||||
797 | Willis Towers Watson plc | 185,207 | ||||
1,540 | WR Berkley Corp. | 95,880 | ||||
1,178 | Zurich Insurance Group AG | 563,817 | ||||
|
|
| ||||
12,878,797 | ||||||
|
|
| ||||
Interactive Media & Services (3.2%): |
| |||||
1,569 | Adevinta ASA* | 11,132 | ||||
45,435 | Alphabet, Inc., Class A* | 4,712,973 | ||||
41,650 | Alphabet, Inc., Class C* | 4,331,600 | ||||
6,294 | Auto Trader Group plc | 47,963 | ||||
2,194 | Match Group, Inc.* | 84,228 | ||||
17,112 | Meta Platforms, Inc., Class A* | 3,626,717 | ||||
4,734 | Pinterest, Inc., Class A* | 129,096 | ||||
488 | REA Group, Ltd. | 45,471 | ||||
483 | Scout24 AG | 28,652 | ||||
3,100 | Seek, Ltd. | 50,084 | ||||
8,297 | Snap, Inc., Class A* | 93,009 | ||||
19,800 | Z Holdings Corp. | 56,189 | ||||
1,887 | ZoomInfo Technologies, Inc.* | 46,628 | ||||
|
|
| ||||
13,263,742 | ||||||
|
|
| ||||
IT Services (3.5%): |
| |||||
4,803 | Accenture plc, Class A | 1,372,745 | ||||
160 | Adyen NV* | 253,675 | ||||
1,286 | Akamai Technologies, Inc.* | 100,694 | ||||
3,441 | Amadeus IT Group SA* | 230,376 | ||||
3,162 | Automatic Data Processing, Inc. | 703,956 | ||||
589 | Bechtle AG | 28,113 | ||||
4,199 | Block, Inc.* | 288,261 | ||||
921 | Broadridge Financial Solutions, Inc. | 134,991 | ||||
1,256 | Capgemini SA | 233,602 | ||||
1,553 | CGI, Inc.* | 149,692 | ||||
1,927 | Cloudflare, Inc., Class A* | 118,819 | ||||
3,973 | Cognizant Technology Solutions Corp., Class A | 242,075 | ||||
3,893 | Computershare, Ltd. | 56,416 | ||||
1,792 | Edenred | 106,017 | ||||
418 | EPAM Systems, Inc.* | 124,982 | ||||
4,459 | Fidelity National Information Services, Inc. | 242,257 | ||||
4,587 | Fiserv, Inc.* | 518,469 | ||||
548 | FleetCor Technologies, Inc.* | 115,546 | ||||
1,500 | Fujitsu, Ltd. | 202,771 | ||||
585 | Gartner, Inc.* | 190,575 | ||||
1,989 | Global Payments, Inc. | 209,322 | ||||
200 | GMO Payment Gateway, Inc. | 17,216 | ||||
1,211 | GoDaddy, Inc., Class A* | 94,119 | ||||
6,918 | International Business Machines Corp. | 906,881 | ||||
800 | Itochu Techno-Solutions Corp. | 19,707 | ||||
546 | Jack Henry & Associates, Inc. | 82,293 | ||||
6,503 | Mastercard, Inc., Class A | 2,363,255 | ||||
523 | MongoDB, Inc.* | 121,922 | ||||
1,800 | NEC Corp. | 69,504 | ||||
4,062 | Nexi SpA* | 33,116 | ||||
3,420 | Nomura Research Institute, Ltd. | 79,538 | ||||
4,600 | NTT Data Corp. | 60,506 | ||||
600 | Obic Co., Ltd. | 94,876 | ||||
1,193 | Okta, Inc.* | 102,884 | ||||
1,100 | Otsuka Corp. | 39,118 |
See accompanying notes to the schedules of portfolio investments.
168
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
IT Services, continued |
| |||||
2,419 | Paychex, Inc. | $ | 277,193 | |||
8,345 | PayPal Holdings, Inc.* | 633,719 | ||||
900 | SCSK Corp. | 13,153 | ||||
9,289 | Shopify, Inc., Class A* | 445,443 | ||||
1,688 | Snowflake, Inc., Class A* | 260,442 | ||||
1,600 | TIS, Inc. | 42,297 | ||||
1,929 | Toast, Inc., Class A* | 34,240 | ||||
1,365 | Twilio, Inc., Class A* | 90,950 | ||||
709 | VeriSign, Inc.* | 149,833 | ||||
12,434 | Visa, Inc., Class A | 2,803,370 | ||||
514 | Wix.com, Ltd.* | 51,297 | ||||
|
|
| ||||
14,510,226 | ||||||
|
|
| ||||
Leisure Products (0.1%): |
| |||||
4,200 | Bandai Namco Holdings, Inc. | 90,468 | ||||
298 | BRP, Inc. | 23,323 | ||||
961 | Hasbro, Inc. | 51,596 | ||||
600 | Shimano, Inc. | 104,099 | ||||
1,200 | Yamaha Corp. | 46,321 | ||||
|
|
| ||||
315,807 | ||||||
|
|
| ||||
Life Sciences Tools & Services (1.4%): |
| |||||
2,229 | Agilent Technologies, Inc. | 308,360 | ||||
5,277 | Avantor, Inc.* | 111,556 | ||||
260 | Bachem Holding AG, Registered B | 26,164 | ||||
171 | Bio-Rad Laboratories, Inc., Class A* | 81,912 | ||||
1,220 | Bio-Techne Corp. | 90,512 | ||||
403 | Charles River Laboratories International, Inc.* | 81,333 | ||||
5,252 | Danaher Corp. | 1,323,714 | ||||
1,012 | Eurofins Scientific SE^ | 67,895 | ||||
1,166 | Illumina, Inc.* | 271,153 | ||||
1,385 | IQVIA Holdings, Inc.* | 275,463 | ||||
567 | Lonza Group AG | 341,124 | ||||
170 | Mettler-Toledo International, Inc.* | 260,136 | ||||
1,046 | PerkinElmer, Inc. | 139,390 | ||||
1,659 | QIAGEN NV* | 75,406 | ||||
394 | Repligen Corp.* | 66,334 | ||||
198 | Sartorius AG | 83,097 | ||||
206 | Sartorius Stedim Biotech | 63,294 | ||||
2,993 | Thermo Fisher Scientific, Inc. | 1,725,075 | ||||
450 | Waters Corp.* | 139,334 | ||||
551 | West Pharmaceutical Services, Inc. | 190,905 | ||||
|
|
| ||||
5,722,157 | ||||||
|
|
| ||||
Machinery (2.1%): |
| |||||
2,154 | Alfa Laval AB | 76,996 | ||||
2,573 | Alstom SA | 70,294 | ||||
20,010 | Atlas Copco AB, Class A | 253,790 | ||||
11,256 | Atlas Copco AB, Class B | 129,469 | ||||
3,965 | Caterpillar, Inc. | 907,351 | ||||
7,981 | CNH Industrial NV | 122,077 | ||||
1,049 | Cummins, Inc. | 250,585 | ||||
2,100 | Daifuku Co., Ltd. | 38,946 | ||||
3,580 | Daimler Truck Holding AG* | 120,896 | ||||
2,173 | Deere & Co. | 897,188 | ||||
1,026 | Dover Corp. | 155,890 | ||||
5,056 | Epiroc AB, Class A | 100,430 | ||||
3,458 | Epiroc AB, Class B | 58,967 | ||||
7,000 | FANUC Corp. | 252,449 | ||||
2,617 | Fortive Corp. | 178,401 | ||||
952 | GEA Group AG | 43,316 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Machinery, continued |
| |||||
1,299 | Graco, Inc. | $ | 94,840 | |||
800 | Hitachi Construction Machinery Co., Ltd. | 18,649 | ||||
600 | Hoshizaki Corp. | 22,133 | ||||
2,525 | Husqvarna AB, Class B | 21,949 | ||||
593 | IDEX Corp. | 137,001 | ||||
2,337 | Illinois Tool Works, Inc. | 568,943 | ||||
2,137 | Indutrade AB | 45,415 | ||||
3,004 | Ingersoll-Rand, Inc. | 174,773 | ||||
670 | Knorr-Bremse AG | 44,536 | ||||
7,100 | Komatsu, Ltd. | 176,164 | ||||
2,775 | Kone Oyj, Class B | 144,738 | ||||
7,100 | Kubota Corp. | 107,563 | ||||
1,000 | Kurita Water Industries, Ltd. | 45,770 | ||||
1,500 | Makita Corp. | 37,316 | ||||
5,113 | Metso Outotec Oyj | 55,762 | ||||
3,400 | MINEBEA MITSUMI, Inc. | 64,918 | ||||
2,600 | Misumi Group, Inc. | 65,420 | ||||
2,300 | Mitsubishi Heavy Industries, Ltd. | 84,818 | ||||
1,400 | NGK Insulators, Ltd. | 18,536 | ||||
411 | Nordson Corp. | 91,349 | ||||
3,290 | Otis Worldwide Corp. | 277,676 | ||||
3,937 | PACCAR, Inc. | 288,188 | ||||
1,005 | Parker-Hannifin Corp. | 337,791 | ||||
1,194 | Pentair PLC | 65,992 | ||||
32 | Rational AG | 21,416 | ||||
8,277 | Sandvik AB | 175,962 | ||||
275 | Schindler Holding AG | 60,849 | ||||
187 | Schindler Holding AG, Registered Shares | 39,501 | ||||
217,569 | Sembcorp Marine, Ltd.* | 19,491 | ||||
3,493 | SKF AB, Class B | 68,952 | ||||
400 | SMC Corp. | 212,103 | ||||
388 | Snap-On, Inc. | 95,793 | ||||
556 | Spirax-Sarco Engineering plc | 81,581 | ||||
1,129 | Stanley Black & Decker, Inc. | 90,975 | ||||
10,500 | Techtronic Industries Co., Ltd. | 114,637 | ||||
802 | Toro Co. (The) | 89,150 | ||||
1,100 | Toyota Industries Corp. | 61,261 | ||||
227 | VAT Group AG | 82,029 | ||||
1,851 | Volvo AB, Class A | 39,900 | ||||
11,054 | Volvo AB, Class B | 228,084 | ||||
4,375 | Wartsila Oyj Abp, Class B | 41,369 | ||||
1,391 | Westinghouse Air Brake Technologies Corp. | 140,574 | ||||
1,472 | Xylem, Inc. | 154,118 | ||||
2,100 | Yaskawa Electric Corp. | 92,024 | ||||
|
|
| ||||
8,557,054 | ||||||
|
|
| ||||
Marine Transportation (0.1%): |
| |||||
20 | A.P. Moeller - Maersk A/S, Class A | 35,416 | ||||
39 | A.P. Moeller - Maersk A/S, Class B | 70,684 | ||||
408 | Kuehne + Nagel International AG | 121,797 | ||||
2,700 | Mitsui O.S.K. Lines, Ltd. | 67,573 | ||||
3,600 | Nippon Yusen KK | 84,132 | ||||
12,000 | SITC International Holdings Co., Ltd. | 25,791 | ||||
|
|
| ||||
405,393 | ||||||
|
|
| ||||
Media (0.7%): |
| |||||
843 | Charter Communications, Inc., Class A* | 301,465 | ||||
32,725 | Comcast Corp., Class A | 1,240,605 | ||||
3,700 | Cyberagent, Inc. | 31,370 | ||||
1,300 | Dentsu Group, Inc. | 45,792 | ||||
2,260 | DISH Network Corp., Class A* | 21,086 |
See accompanying notes to the schedules of portfolio investments.
169
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Media, continued |
| |||||
2,345 | Fox Corp., Class A | $ | 79,847 | |||
968 | Fox Corp., Class B | 30,308 | ||||
1,700 | Hakuhodo DY Holdings, Inc. | 19,268 | ||||
10,971 | Informa plc | 93,738 | ||||
2,935 | Interpublic Group of Cos., Inc. (The) | 109,299 | ||||
991 | Liberty Broadband Corp., Class C* | 80,965 | ||||
1,069 | Liberty Media Corp.-Liberty SiriusXM, Class C* | 29,921 | ||||
361 | Liberty Media Corp-Liberty SiriusXM, Class A* | 10,141 | ||||
2,491 | News Corp., Class A | 43,020 | ||||
1,573 | Omnicom Group, Inc. | 148,397 | ||||
4,613 | Paramount Global, Class B^ | 102,916 | ||||
1,673 | Publicis Groupe SA | 130,692 | ||||
1,559 | Quebecor, Inc., Class B | 38,545 | ||||
3,346 | Shaw Communications, Inc., Class B | 100,135 | ||||
6,283 | Sirius XM Holdings, Inc. | 24,944 | ||||
3,431 | The Trade Desk, Inc., Class A* | 208,982 | ||||
5,833 | Vivendi Universal SA | 58,875 | ||||
9,238 | WPP plc | 109,583 | ||||
|
|
| ||||
3,059,894 | ||||||
|
|
| ||||
Metals & Mining (1.7%): |
| |||||
3,422 | Agnico Eagle Mines, Ltd. | 174,481 | ||||
1,443 | Alcoa Corp. | 61,414 | ||||
9,949 | Anglo American plc | 329,233 | ||||
2,646 | Antofagasta plc | 51,768 | ||||
3,710 | ArcelorMittal SA | 112,490 | ||||
13,866 | Barrick Gold Corp. | 257,454 | ||||
38,411 | BHP Group, Ltd. | 1,218,044 | ||||
2,969 | BlueScope Steel, Ltd. | 40,222 | ||||
2,098 | Boliden AB | 82,547 | ||||
4,103 | Cleveland-Cliffs, Inc.* | 75,208 | ||||
4,279 | First Quantum Minerals, Ltd. | 98,386 | ||||
12,334 | Fortescue Metals Group, Ltd. | 185,436 | ||||
1,429 | Franco-Nevada Corp. | 208,465 | ||||
11,190 | Freeport-McMoRan, Inc. | 457,783 | ||||
76,489 | Glencore plc | 439,900 | ||||
5,091 | IGO, Ltd. | 43,695 | ||||
4,254 | Ivanhoe Mines, Ltd., Class A* | 38,438 | ||||
3,100 | JFE Holdings, Inc. | 39,405 | ||||
11,630 | Kinross Gold Corp. | 54,737 | ||||
4,089 | Lundin Mining Corp. | 27,778 | ||||
1,374 | Mineral Resources, Ltd. | 74,436 | ||||
6,174 | Newcrest Mining, Ltd. | 110,509 | ||||
6,214 | Newmont Corp. | 304,610 | ||||
6,300 | Nippon Steel Corp. | 148,700 | ||||
10,117 | Norsk Hydro ASA | 75,692 | ||||
10,215 | Northern Star Resources, Ltd. | 83,602 | ||||
1,933 | Nucor Corp. | 298,590 | ||||
1,988 | Pan American Silver Corp. | 36,279 | ||||
18,950 | Pilbara Minerals, Ltd. | 50,543 | ||||
453 | Reliance Steel & Aluminum Co. | 116,303 | ||||
8,518 | Rio Tinto plc | 577,213 | ||||
2,918 | Rio Tinto, Ltd. | 234,898 | ||||
33,578 | South32, Ltd. | 99,568 | ||||
1,344 | Steel Dynamics, Inc. | 151,953 | ||||
1,800 | Sumitomo Metal & Mining Co., Ltd. | 68,837 | ||||
3,439 | Teck Cominco, Ltd., Class B | 125,594 | ||||
1,156 | Voestalpine AG | 39,366 | ||||
3,586 | Wheaton Precious Metals Corp. | 172,732 | ||||
|
|
| ||||
6,766,309 | ||||||
|
|
|
Shares | Value | |||||
Common Stocks, continued |
| |||||
Mortgage Real Estate Investment Trusts (REITs) (0.0%): |
| |||||
3,240 | Annaly Capital Management, Inc. | $ | 61,916 | |||
|
|
| ||||
Multi-Utilities (0.8%): |
| |||||
5,519 | Algonquin Power & Utilities Corp.^ | 46,315 | ||||
2,059 | Ameren Corp. | 177,877 | ||||
993 | Canadian Utilities, Ltd., Class A | 27,674 | ||||
4,546 | CenterPoint Energy, Inc. | 133,925 | ||||
2,272 | CMS Energy Corp. | 139,455 | ||||
2,626 | Consolidated Edison, Inc. | 251,230 | ||||
6,518 | Dominion Energy, Inc. | 364,421 | ||||
1,413 | DTE Energy Co. | 154,780 | ||||
16,775 | E.ON SE | 209,228 | ||||
13,346 | Engie Group | 211,043 | ||||
27,699 | National Grid plc | 375,914 | ||||
2,789 | NiSource, Inc. | 77,981 | ||||
3,719 | Public Service Enterprise Group, Inc. | 232,252 | ||||
2,461 | Sempra Energy | 372,005 | ||||
5,246 | Veolia Environnement SA | 162,081 | ||||
2,413 | WEC Energy Group, Inc. | 228,728 | ||||
|
|
| ||||
3,164,909 | ||||||
|
|
| ||||
Oil, Gas & Consumable Fuels (4.7%): |
| |||||
2,453 | Aker BP ASA | 60,216 | ||||
1,369 | Ampol, Ltd. | 28,016 | ||||
2,297 | APA Corp. | 82,830 | ||||
5,374 | ARC Resources, Ltd.^ | 60,966 | ||||
136,639 | BP plc | 864,911 | ||||
3,646 | Cameco Corp. | 95,487 | ||||
8,413 | Canadian Natural Resources, Ltd. | 465,632 | ||||
11,116 | Cenovus Energy, Inc. | 193,973 | ||||
1,707 | Cheniere Energy, Inc. | 269,023 | ||||
767 | Chesapeake Energy Corp. | 58,323 | ||||
14,035 | Chevron Corp. | 2,289,951 | ||||
9,390 | ConocoPhillips | 931,582 | ||||
5,788 | Coterra Energy, Inc. | 142,038 | ||||
4,662 | Devon Energy Corp. | 235,944 | ||||
1,284 | Diamondback Energy, Inc. | 173,558 | ||||
15,329 | Enbridge, Inc. | 584,551 | ||||
22,150 | ENEOS Holdings, Inc. | 77,700 | ||||
18,950 | ENI SpA | 265,423 | ||||
4,422 | EOG Resources, Inc. | 506,894 | ||||
2,651 | EQT Corp. | 84,593 | ||||
7,062 | Equinor ASA | 200,932 | ||||
31,339 | Exxon Mobil Corp. | 3,436,635 | ||||
4,420 | Galp Energia SGPS SA | 50,144 | ||||
2,182 | Hess Corp. | 288,766 | ||||
1,215 | HF Sinclair Corp. | 58,782 | ||||
1,482 | Idemitsu Kosan Co., Ltd. | 32,413 | ||||
1,615 | Imperial Oil, Ltd. | 82,142 | ||||
7,500 | INPEX Corp. | 79,809 | ||||
2,058 | Keyera Corp. | 45,065 | ||||
14,812 | Kinder Morgan, Inc. | 259,358 | ||||
5,059 | Marathon Oil Corp. | 121,214 | ||||
3,613 | Marathon Petroleum Corp. | 487,141 | ||||
2,999 | Neste Oyj | 147,905 | ||||
5,606 | Occidental Petroleum Corp. | 349,983 | ||||
981 | OMV AG | 44,924 | ||||
3,296 | ONEOK, Inc. | 209,428 | ||||
1,899 | Ovintiv, Inc. | 68,516 | ||||
1,471 | Parkland Corp. | 35,270 | ||||
4,263 | Pembina Pipeline Corp. | 138,114 |
See accompanying notes to the schedules of portfolio investments.
170
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Oil, Gas & Consumable Fuels, continued |
| |||||
3,388 | Phillips 66 | $ | 343,475 | |||
1,678 | Pioneer Natural Resources Co. | 342,715 | ||||
11,502 | Repsol SA | 177,038 | ||||
24,668 | Santos, Ltd. | 113,823 | ||||
53,771 | Shell plc | 1,539,515 | ||||
10,104 | Suncor Energy, Inc. | 313,745 | ||||
1,697 | Targa Resources Corp. | 123,796 | ||||
7,923 | TC Energy Corp. | 308,231 | ||||
48 | Texas Pacific Land Corp. | 81,649 | ||||
19,128 | TotalEnergies SE | 1,128,499 | ||||
2,246 | Tourmaline Oil Corp. | 93,610 | ||||
2,929 | Valero Energy Corp. | 408,888 | ||||
1,889 | Washington H. Soul Pattinson & Co., Ltd. | 38,272 | ||||
9,540 | Williams Cos., Inc. | 284,864 | ||||
13,699 | Woodside Energy Group, Ltd. | 306,162 | ||||
1,167 | Woodside Energy Group, Ltd. | 26,289 | ||||
|
|
| ||||
19,238,723 | ||||||
|
|
| ||||
Paper & Forest Products (0.1%): |
| |||||
734 | Holmen AB, B Shares | 28,293 | ||||
3,443 | Mondi plc | 54,564 | ||||
8,500 | Oji Holdings Corp. | 33,659 | ||||
4,244 | Stora Enso Oyj, Class R | 55,222 | ||||
4,358 | Svenska Cellulosa AB SCA, Class B | 57,333 | ||||
3,794 | UPM-Kymmene Oyj* | 127,397 | ||||
391 | West Fraser Timber Co., Ltd. | 27,893 | ||||
|
|
| ||||
384,361 | ||||||
|
|
| ||||
Passenger Airlines (0.1%): |
| |||||
990 | Air Canada* | 14,030 | ||||
1,000 | ANA Holdings, Inc.* | 21,720 | ||||
962 | Delta Air Lines, Inc.* | 33,593 | ||||
4,680 | Deutsche Lufthansa AG* | 52,067 | ||||
1,000 | Japan Airlines Co., Ltd. | 19,501 | ||||
5,489 | Qantas Airways, Ltd.* | 24,379 | ||||
8,850 | Singapore Airlines, Ltd. | 38,176 | ||||
1,365 | Southwest Airlines Co. | 44,417 | ||||
|
|
| ||||
247,883 | ||||||
|
|
| ||||
Personal Care Products (0.7%): |
| |||||
707 | Beiersdorf AG | 91,968 | ||||
39,256 | Haleon PLC* | 156,587 | ||||
3,500 | Kao Corp. | 136,679 | ||||
500 | Kobayashi Pharmaceutical Co., Ltd. | 30,548 | ||||
300 | Kose Corp. | 35,637 | ||||
1,841 | LOreal SA | 823,590 | ||||
3,200 | Shiseido Co., Ltd. | 150,202 | ||||
1,811 | The Estee Lauder Cos., Inc., Class A | 446,339 | ||||
19,110 | Unilever plc | 989,884 | ||||
|
|
| ||||
2,861,434 | ||||||
|
|
| ||||
Pharmaceuticals (5.3%): |
| |||||
14,300 | Astellas Pharma, Inc. | 203,432 | ||||
11,807 | AstraZeneca plc | 1,638,542 | ||||
7,366 | Bayer AG, Registered Shares | 469,141 | ||||
16,138 | Bristol-Myers Squibb Co. | 1,118,525 | ||||
1,386 | Catalent, Inc.* | 91,074 | ||||
5,400 | Chugai Pharmaceutical Co., Ltd. | 133,485 | ||||
13,700 | Daiichi Sankyo Co., Ltd. | 500,061 | ||||
1,700 | Eisai Co., Ltd. | 96,739 | ||||
3,147 | Elanco Animal Health, Inc.* | 29,582 | ||||
6,134 | Eli Lilly & Co. | 2,106,538 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Pharmaceuticals, continued |
| |||||
30,682 | GSK PLC | $ | 547,134 | |||
1,106 | Hikma Pharmaceuticals plc | 22,893 | ||||
283 | Ipsen SA | 31,190 | ||||
415 | Jazz Pharmaceuticals plc* | 60,727 | ||||
19,895 | Johnson & Johnson | 3,083,725 | ||||
2,500 | Kyowa Kirin Co., Ltd. | 54,547 | ||||
19,266 | Merck & Co., Inc. | 2,049,710 | ||||
999 | Merck KGaA | 185,717 | ||||
200 | Nippon Shinyaku Co., Ltd. | 8,821 | ||||
16,383 | Novartis AG, Registered Shares | 1,504,450 | ||||
12,648 | Novo Nordisk A/S, Class B | 2,007,363 | ||||
2,500 | Ono Pharmaceutical Co., Ltd. | 52,162 | ||||
612 | Orion Oyj, Class B | 27,363 | ||||
2,900 | Otsuka Holdings Co., Ltd. | 92,470 | ||||
42,506 | Pfizer, Inc. | 1,734,245 | ||||
990 | Recordati SpA | 41,895 | ||||
187 | Roche Holding AG | 56,252 | ||||
5,346 | Roche Holding AG | 1,530,376 | ||||
2,928 | Royalty Pharma plc, Class A | 105,496 | ||||
8,681 | Sanofi | 945,291 | ||||
2,000 | Shionogi & Co., Ltd. | 90,475 | ||||
11,750 | Takeda Pharmacuetical Co., Ltd. | 385,980 | ||||
8,695 | Teva Pharmaceutical Industries, Ltd., ADR* | 76,951 | ||||
950 | UCB SA | 84,941 | ||||
9,546 | Viatris, Inc. | 91,832 | ||||
3,546 | Zoetis, Inc. | 590,196 | ||||
|
|
| ||||
21,849,321 | ||||||
|
|
| ||||
Professional Services (0.8%): |
| |||||
1,432 | Adecco Group AG | 52,134 | ||||
1,000 | BayCurrent Consulting, Inc. | 41,498 | ||||
973 | Booz Allen Hamilton Holding Corp. | 90,187 | ||||
1,956 | Bureau Veritas SA | 56,199 | ||||
3,091 | Clarivate plc* | 29,025 | ||||
2,990 | CoStar Group, Inc.* | 205,862 | ||||
922 | Equifax, Inc. | 187,018 | ||||
6,667 | Experian plc | 219,409 | ||||
1,287 | Intertek Group plc | 64,495 | ||||
1,037 | Jacobs Solutions, Inc. | 121,858 | ||||
995 | Leidos Holdings, Inc. | 91,600 | ||||
2,800 | Nihon M&A Center, Inc. | 20,986 | ||||
1,300 | Persol Holdings Co., Ltd. | 26,140 | ||||
1,038 | Randstad NV^ | 61,616 | ||||
11,300 | Recruit Holdings Co., Ltd. | 313,244 | ||||
14,336 | RELX plc | 464,014 | ||||
825 | Robert Half International, Inc. | 66,470 | ||||
47 | SGS SA, Registered Shares | 103,287 | ||||
1,810 | SS&C Technologies Holdings, Inc. | 102,211 | ||||
488 | Teleperformance | 117,856 | ||||
1,212 | Thomson Reuters Corp. | 157,713 | ||||
1,541 | TransUnion | 95,758 | ||||
1,237 | Verisk Analytics, Inc. | 237,331 | ||||
2,011 | Wolters Kluwer NV | 253,742 | ||||
|
|
| ||||
3,179,653 | ||||||
|
|
| ||||
Real Estate Management & Development (0.4%): |
| |||||
9,234 | Aroundtown SA^ | 13,147 | ||||
116 | Azrieli Group | 6,689 | ||||
24,400 | Capitaland Investment, Ltd. | 67,841 | ||||
2,320 | CBRE Group, Inc., Class A* | 168,919 | ||||
3,700 | City Developments, Ltd. | 20,557 |
See accompanying notes to the schedules of portfolio investments.
171
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Real Estate Management & Development, continued |
| |||||
14,000 | CK Asset Holdings, Ltd. | $ | 84,819 | |||
500 | Daito Trust Construction Co., Ltd. | 49,907 | ||||
4,200 | Daiwa House Industry Co., Ltd. | 98,950 | ||||
18,800 | ESR Cayman, Ltd. | 33,595 | ||||
3,858 | Fastighets AB Balder, B Shares* | 15,885 | ||||
257 | FirstService Corp. | 36,217 | ||||
11,000 | Hang Lung Properties, Ltd. | 20,622 | ||||
13,324 | Henderson Land Development Co., Ltd. | 46,129 | ||||
6,600 | Hongkong Land Holdings, Ltd. | 29,067 | ||||
2,400 | Hulic Co., Ltd. | 19,722 | ||||
666 | LEG Immobilien SE | 36,463 | ||||
4,109 | Lend Lease Group | 20,019 | ||||
9,300 | Mitsubishi Estate Co., Ltd. | 111,045 | ||||
7,400 | Mitsui Fudosan Co., Ltd. | 139,081 | ||||
8,827 | New World Development Co., Ltd. | 23,809 | ||||
1,000 | Nomura Real Estate Holdings, Inc. | 22,146 | ||||
1,352 | Sagax AB, Class B | 31,259 | ||||
24,117 | Sino Land Co., Ltd. | 32,666 | ||||
2,100 | Sumitomo Realty & Development Co., Ltd. | 47,374 | ||||
11,500 | Sun Hung Kai Properties, Ltd. | 161,751 | ||||
5,000 | Swire Pacific, Ltd., Class A | 38,507 | ||||
9,200 | Swire Properties, Ltd. | 23,764 | ||||
702 | Swiss Prime Site AG | 58,459 | ||||
1,769 | UOL Group, Ltd. | 9,253 | ||||
5,641 | Vonovia SE | 106,072 | ||||
15,000 | Wharf Real Estate Investment Co., Ltd. | 86,757 | ||||
1,012 | Zillow Group, Inc., Class C* | 45,004 | ||||
|
|
| ||||
1,705,495 | ||||||
|
|
| ||||
Residential REITs (0.0%): |
| |||||
739 | Camden Property Trust | 77,477 | ||||
1,394 | Equity Lifestyle Properties, Inc. | 93,579 | ||||
|
|
| ||||
171,056 | ||||||
|
|
| ||||
Retail REITs (0.1%): |
| |||||
2,569 | Simon Property Group, Inc. | 287,651 | ||||
|
|
| ||||
Semiconductors & Semiconductor Equipment (5.2%): |
| |||||
12,381 | Advanced Micro Devices, Inc.* | 1,213,462 | ||||
1,400 | Advantest Corp. | 129,726 | ||||
3,807 | Analog Devices, Inc. | 750,817 | ||||
6,557 | Applied Materials, Inc. | 805,396 | ||||
375 | ASM International NV | 152,270 | ||||
3,074 | ASML Holding NV | 2,100,253 | ||||
3,180 | Broadcom, Inc. | 2,040,097 | ||||
600 | Disco Corp. | 69,816 | ||||
1,070 | Enphase Energy, Inc.* | 225,000 | ||||
1,138 | Entegris, Inc. | 93,327 | ||||
717 | First Solar, Inc.* | 155,947 | ||||
9,815 | Infineon Technologies AG | 401,147 | ||||
31,414 | Intel Corp. | 1,026,295 | ||||
1,058 | KLA Corp. | 422,322 | ||||
1,031 | Lam Research Corp. | 546,554 | ||||
500 | Lasertec Corp. | 88,651 | ||||
6,441 | Marvell Technology, Inc. | 278,895 | ||||
4,087 | Microchip Technology, Inc. | 342,409 | ||||
8,283 | Micron Technology, Inc. | 499,796 | ||||
349 | Monolithic Power Systems, Inc. | 174,688 | ||||
18,715 | NVIDIA Corp. | 5,198,466 | ||||
1,996 | NXP Semiconductors NV | 372,204 | ||||
3,424 | ON Semiconductor Corp.* | 281,864 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Semiconductors & Semiconductor Equipment, continued |
| |||||
704 | Qorvo, Inc.* | $ | 71,505 | |||
8,464 | Qualcomm, Inc. | 1,079,837 | ||||
8,700 | Renesas Electronics Corp.* | 126,327 | ||||
800 | ROHM Co., Ltd. | 66,644 | ||||
1,188 | Skyworks Solutions, Inc. | 140,160 | ||||
451 | SolarEdge Technologies, Inc.* | 137,081 | ||||
5,179 | STMicroelectronics NV | 277,031 | ||||
2,600 | SUMCO Corp. | 39,114 | ||||
1,111 | Teradyne, Inc. | 119,444 | ||||
6,920 | Texas Instruments, Inc. | 1,287,189 | ||||
3,300 | Tokyo Electron, Ltd. | 403,543 | ||||
853 | Tower Semiconductor, Ltd.* | 36,374 | ||||
928 | Wolfspeed, Inc.* | 60,274 | ||||
|
|
| ||||
21,213,925 | ||||||
|
|
| ||||
Software (7.0%): |
| |||||
3,551 | Adobe, Inc.* | 1,368,449 | ||||
650 | ANSYS, Inc.* | 216,320 | ||||
217 | Aspen Technology, Inc.* | 49,665 | ||||
1,151 | Atlassian Corp., Class A* | 197,017 | ||||
1,651 | Autodesk, Inc.* | 343,672 | ||||
1,586 | Bentley Systems, Inc., Class B | 68,182 | ||||
808 | BILL Holdings, Inc.* | 65,561 | ||||
1,147 | Black Knight, Inc.* | 66,021 | ||||
2,144 | Cadence Design Systems, Inc.* | 450,433 | ||||
1,003 | Ceridian HCM Holding, Inc.* | 73,440 | ||||
748 | Check Point Software Technologies, Ltd.* | 97,240 | ||||
158 | Constellation Software, Inc. | 297,095 | ||||
1,478 | Crowdstrike Holdings, Inc., Class A* | 202,870 | ||||
382 | CyberArk Software, Ltd.* | 56,528 | ||||
5,166 | Dassault Systemes SE | 213,336 | ||||
1,802 | Datadog, Inc., Class A* | 130,933 | ||||
633 | Descartes Systems Group, Inc. (The)* | 51,097 | ||||
1,635 | DocuSign, Inc.* | 95,321 | ||||
1,999 | Dropbox, Inc., Class A* | 43,218 | ||||
1,408 | Dynatrace, Inc.* | 59,558 | ||||
188 | Fair Isaac Corp.* | 132,106 | ||||
4,938 | Fortinet, Inc.* | 328,179 | ||||
4,346 | Gen Digital, Inc. | 74,577 | ||||
370 | HubSpot, Inc.* | 158,638 | ||||
2,047 | Intuit, Inc. | 912,614 | ||||
53,890 | Microsoft Corp. | 15,536,487 | ||||
423 | Nemetschek SE | 29,000 | ||||
487 | Nice, Ltd.* | 110,933 | ||||
2,016 | Open Text Corp. | 77,773 | ||||
300 | Oracle Corp. | 21,655 | ||||
12,283 | Oracle Corp. | 1,141,336 | ||||
12,569 | Palantir Technologies, Inc., Class A* | 106,208 | ||||
2,240 | Palo Alto Networks, Inc.* | 447,418 | ||||
420 | Paycom Software, Inc.* | 127,684 | ||||
310 | Paylocity Holding Corp.* | 61,622 | ||||
818 | PTC, Inc.* | 104,892 | ||||
830 | Roper Technologies, Inc. | 365,773 | ||||
7,580 | Sage Group plc (The) | 72,617 | ||||
7,596 | Salesforce, Inc.* | 1,517,529 | ||||
8,003 | SAP SE | 1,006,661 | ||||
1,536 | ServiceNow, Inc.* | 713,810 | ||||
1,311 | Splunk, Inc.* | 125,699 | ||||
1,144 | Synopsys, Inc.* | 441,870 | ||||
617 | Temenos AG | 42,959 |
See accompanying notes to the schedules of portfolio investments.
172
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Software, continued |
| |||||
800 | Trend Micro, Inc. | $ | 39,226 | |||
326 | Tyler Technologies, Inc.* | 115,613 | ||||
2,085 | Unity Software, Inc.* | 67,637 | ||||
1,664 | VMware, Inc., Class A* | 207,750 | ||||
1,150 | WiseTech Global, Ltd. | 50,514 | ||||
1,487 | Workday, Inc., Class A* | 307,125 | ||||
951 | Xero, Ltd.* | 57,542 | ||||
1,326 | Zoom Video Communications, Inc., Class A* | 97,912 | ||||
663 | Zscaler, Inc.* | 77,458 | ||||
|
|
| ||||
28,824,773 | ||||||
|
|
| ||||
Specialized REITs (0.6%): |
| |||||
3,545 | American Tower Corp. | 724,385 | ||||
3,245 | Crown Castle, Inc. | 434,311 | ||||
713 | Equinix, Inc. | 514,102 | ||||
984 | Extra Space Storage, Inc. | 160,323 | ||||
2,113 | Iron Mountain, Inc. | 111,799 | ||||
1,237 | Public Storage | 373,747 | ||||
819 | SBA Communications Corp. | 213,816 | ||||
|
|
| ||||
2,532,483 | ||||||
|
|
| ||||
Specialty Retail (1.6%): |
| |||||
492 | Advance Auto Parts, Inc. | 59,832 | ||||
138 | AutoZone, Inc.* | 339,225 | ||||
1,673 | Bath & Body Works, Inc. | 61,198 | ||||
1,637 | Best Buy Co., Inc. | 128,128 | ||||
521 | Burlington Stores, Inc.* | 105,294 | ||||
1,320 | CarMax, Inc.* | 84,850 | ||||
819 | Chewy, Inc., Class A* | 30,614 | ||||
1,200 | Fast Retailing Co., Ltd. | 262,399 | ||||
5,397 | Hennes & Mauritz AB, Class B | 77,091 | ||||
100 | Hikari Tsushin, Inc. | 14,066 | ||||
7,787 | Home Depot, Inc. (The) | 2,298,099 | ||||
8,388 | Industria de Diseno Textil SA | 281,667 | ||||
17,355 | JD Sports Fashion plc | 38,204 | ||||
12,728 | Kingfisher plc | 41,119 | ||||
4,563 | Lowes Cos., Inc. | 912,463 | ||||
700 | Nitori Co., Ltd. | 84,408 | ||||
471 | OReilly Automotive, Inc.* | 399,870 | ||||
2,616 | Ross Stores, Inc. | 277,636 | ||||
8,830 | TJX Cos., Inc. (The) | 691,919 | ||||
839 | Tractor Supply Co. | 197,198 | ||||
379 | Ulta Beauty, Inc.* | 206,809 | ||||
1,700 | USS Co., Ltd. | 29,470 | ||||
1,812 | Zalando SE* | 75,824 | ||||
1,200 | ZOZO, Inc. | 27,446 | ||||
|
|
| ||||
6,724,829 | ||||||
|
|
| ||||
Technology Hardware, Storage & Peripherals (5.2%): |
| |||||
121,056 | Apple, Inc. | 19,962,134 | ||||
2,300 | Brother Industries, Ltd. | 34,697 | ||||
7,200 | Canon, Inc. | 161,528 | ||||
2,057 | Dell Technologies, Inc., Class C | 82,712 | ||||
2,900 | FUJIFILM Holdings Corp. | 147,334 | ||||
9,036 | Hewlett Packard Enterprise Co. | 143,944 | ||||
7,595 | HP, Inc. | 222,913 | ||||
1,306 | Logitech International SA, Class R | 75,897 | ||||
1,731 | NetApp, Inc. | 110,524 | ||||
3,600 | Ricoh Co., Ltd. | 27,009 | ||||
1,662 | Seagate Technology Holdings plc | 109,892 | ||||
2,200 | Seiko Epson Corp. | 31,307 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Technology Hardware, Storage & Peripherals, continued |
| |||||
2,418 | Western Digital Corp.* | $ | 91,086 | |||
|
|
| ||||
21,200,977 | ||||||
|
|
| ||||
Textiles, Apparel & Luxury Goods (1.4%): |
| |||||
1,229 | Adidas AG | 216,973 | ||||
3,354 | Burberry Group plc | 107,303 | ||||
4,087 | Cie Financiere Richemont SA | 655,329 | ||||
1,244 | Gildan Activewear, Inc. | 41,335 | ||||
236 | Hermes International SA | 478,000 | ||||
559 | Kering | 364,801 | ||||
888 | Lululemon Athletica, Inc.* | 323,401 | ||||
2,094 | LVMH Moet Hennessy Louis Vuitton SA | 1,918,884 | ||||
1,545 | Moncler SpA | 106,779 | ||||
9,557 | NIKE, Inc., Class B | 1,172,070 | ||||
733 | Pandora A/S | 70,254 | ||||
767 | Puma SE | 47,299 | ||||
437 | Swatch Group AG (The) | 27,696 | ||||
209 | Swatch Group AG (The), Class B | 71,883 | ||||
2,236 | VF Corp. | 51,227 | ||||
|
|
| ||||
5,653,234 | ||||||
|
|
| ||||
Tobacco (0.6%): |
| |||||
13,246 | Altria Group, Inc. | 591,036 | ||||
16,179 | British American Tobacco plc | 566,895 | ||||
6,629 | Imperial Brands plc, Class A | 152,423 | ||||
9,700 | Japan Tobacco, Inc. | 204,758 | ||||
11,734 | Philip Morris International, Inc. | 1,141,131 | ||||
|
|
| ||||
2,656,243 | ||||||
|
|
| ||||
Trading Companies & Distributors (0.7%): |
| |||||
1,088 | AerCap Holdings NV* | 61,178 | ||||
3,455 | Ashtead Group plc | 211,646 | ||||
1,133 | Brenntag AG | 85,048 | ||||
2,452 | Bunzl plc | 92,637 | ||||
4,413 | Fastenal Co. | 238,037 | ||||
1,574 | Ferguson plc | 207,679 | ||||
478 | IMCD NV | 78,224 | ||||
9,300 | Itochu Corp. | 302,870 | ||||
11,600 | Marubeni Corp. | 157,703 | ||||
9,600 | Mitsubishi Corp. | 345,180 | ||||
11,200 | Mitsui & Co., Ltd. | 349,087 | ||||
1,400 | MonotaRo Co., Ltd. | 17,602 | ||||
1,239 | Reece, Ltd.^ | 14,488 | ||||
9,000 | Sumitomo Corp. | 159,420 | ||||
731 | Toromont Industries, Ltd. | 60,009 | ||||
1,400 | Toyota Tsushu Corp. | 59,680 | ||||
527 | United Rentals, Inc. | 208,566 | ||||
358 | W.W. Grainger, Inc. | 246,594 | ||||
|
|
| ||||
2,895,648 | ||||||
|
|
| ||||
Transportation Infrastructure (0.1%): |
| |||||
546 | Aena SME SA* | 88,398 | ||||
215 | Aeroports de Paris* | 30,722 | ||||
8,354 | Auckland International Airport, Ltd.* | 45,464 | ||||
2,993 | Getlink SE | 49,401 | ||||
23,513 | Transurban Group | 223,716 | ||||
|
|
| ||||
437,701 | ||||||
|
|
| ||||
Water Utilities (0.1%): |
| |||||
1,396 | American Water Works Co., Inc. | 204,500 | ||||
2,114 | Essential Utilities, Inc. | 92,276 | ||||
2,242 | Severn Trent plc | 79,619 |
See accompanying notes to the schedules of portfolio investments.
173
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Water Utilities, continued | ||||||
4,770 | United Utilities Group plc | $ | 62,366 | |||
|
|
| ||||
438,761 | ||||||
|
|
| ||||
Wireless Telecommunication Services (0.5%): | ||||||
12,600 | KDDI Corp. | 389,151 | ||||
2,761 | Rogers Communications, Inc., Class B | 127,987 | ||||
21,500 | Softbank Corp. | 248,038 | ||||
9,000 | SoftBank Group Corp. | 354,317 | ||||
4,629 | Tele2 AB | 46,133 | ||||
4,632 | T-Mobile US, Inc.* | 670,899 | ||||
206,773 | Vodafone Group plc | 228,506 | ||||
|
|
| ||||
2,065,031 | ||||||
|
|
| ||||
Total Common Stocks (Cost $361,117,276) |
406,409,337 | |||||
|
|
| ||||
Preferred Stocks (0.1%): | ||||||
Automobile Components (0.1%): | ||||||
526 | Bayerische Motoren Werke AG (BMW), 6.17%, 5/15/20 | 53,800 | ||||
1,151 | Porsche Automobil Holding SE, 4.84%, 5/20/20 | 66,052 | ||||
1,482 | Volkswagen AG, 6.01%, 5/8/20 | 202,207 | ||||
|
|
| ||||
322,059 | ||||||
|
|
|
Shares | Value | |||||
Preferred Stocks, continued | ||||||
Household Products (0.0%): | ||||||
1,314 | Henkel AG & Co. KGaA, 2.57%, 4/21/20 | $ | 102,673 | |||
|
|
| ||||
Total Preferred Stocks (Cost $573,491) |
424,732 | |||||
|
|
| ||||
Principal Amount | ||||||
Short-Term Security Held as Collateral for Securities on Loan (0.4%): | ||||||
1,688,406 | BlackRock Liquidity FedFund, Institutional Class , 2.54%(a)(b) | 1,688,406 | ||||
|
|
| ||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $1,688,406) |
1,688,406 | |||||
|
|
| ||||
Shares | ||||||
Unaffiliated Investment Company (0.4%): | ||||||
Money Markets (0.4%): | ||||||
1,498,821 | Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 4.43%(b) | 1,498,821 | ||||
|
|
| ||||
Total Unaffiliated Investment Company (Cost $1,498,821) |
1,498,821 | |||||
|
|
| ||||
Total Investment Securities |
410,021,296 | |||||
Net other assets (liabilities) (0.1)% |
(222,013 | ) | ||||
|
|
| ||||
Net Assets 100.0% |
$ | 409,799,283 | ||||
|
|
|
Percentages indicated are based on net assets as of March 31, 2023 | ||||
ADR | - | American Depository Receipt | ||
REIT | - | Real Estate Investment Trust |
* | Non-income producing security. |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $1,617,554. |
+ | Affiliated Securities |
| Represents less than 0.05%. |
(a) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(b) | The rate represents the effective yield at March 31, 2023. |
See accompanying notes to the schedules of portfolio investments.
174
AZL MSCI Global Equity Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
The following represents the concentrations by country of risk (based on the domicile of the security issuer) relative to the total value of investments as of March 31, 2023:
(Unaudited)
Country | Percentage | |||
Argentina |
0.1% | |||
Australia |
2.1% | |||
Austria |
0.1% | |||
Belgium |
0.3% | |||
Bermuda |
0.1% | |||
Canada |
3.5% | |||
China |
% | | ||
Denmark |
0.9% | |||
Finland |
0.3% | |||
France |
3.3% | |||
Germany |
2.4% | |||
Hong Kong |
0.8% | |||
Ireland |
0.9% | |||
Isle of Man |
% | | ||
Israel |
0.2% |
Country | Percentage | |||
Italy |
0.6% | |||
Japan |
6.2% | |||
Jersey |
% | | ||
Liberia |
% | | ||
Luxembourg |
0.1% | |||
Netherlands |
2.2% | |||
New Zealand |
0.1% | |||
Norway |
0.2% | |||
Panama |
% | | ||
Portugal |
0.1% | |||
Singapore |
0.4% | |||
Spain |
0.7% | |||
Sweden |
0.9% | |||
Switzerland |
3.2% | |||
United Kingdom |
4.0% | |||
United States |
66.3% | |||
|
|
|||
100.0% | ||||
|
|
| Represents less than 0.05%. |
Futures Contracts
At March 31, 2023, the Funds open futures contracts were as follows:
Long Futures
Description | Expiration Date | Number of Contracts |
Notional Amount | Value and Unrealized Appreciation/ (Depreciation) |
||||||||
DJ EURO STOXX 50 June Futures (Euro) |
6/16/23 | 9 | $ | 415,856 | $ | 21,015 | ||||||
FTSE 100 Index June Futures (British Pounds) |
6/16/23 | 3 | 282,657 | 7,350 | ||||||||
S&P 500 Index E-Mini June Futures (U.S. Dollar) |
6/16/23 | 10 | 2,068,875 | 112,025 | ||||||||
SGX NIKKEI 225 Index June Futures (Japanese Yen) |
6/8/23 | 3 | 316,869 | 7,064 | ||||||||
|
|
|||||||||||
$ | 147,454 | |||||||||||
|
|
See accompanying notes to the schedules of portfolio investments.
175
AZL Russell 1000 Growth Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (99.4%): | ||||||
Aerospace & Defense (1.0%): | ||||||
1,390 | Axon Enterprise, Inc.* | $ | 312,541 | |||
4,583 | Boeing Co. (The)* | 973,567 | ||||
946 | BWX Technologies, Inc. | 59,636 | ||||
1,120 | HEICO Corp. | 191,565 | ||||
1,966 | HEICO Corp., Class A | 267,179 | ||||
967 | Howmet Aerospace, Inc. | 40,972 | ||||
230 | Huntington Ingalls Industries, Inc. | 47,615 | ||||
6,074 | Lockheed Martin Corp. | 2,871,362 | ||||
456 | Northrop Grumman Corp. | 210,544 | ||||
2,632 | Spirit AeroSystems Holdings, Inc., Class A | 90,883 | ||||
527 | TransDigm Group, Inc. | 388,425 | ||||
|
|
|||||
5,454,289 | ||||||
|
|
|||||
Air Freight & Logistics (0.7%): | ||||||
830 | C.H. Robinson Worldwide, Inc. | 82,477 | ||||
1,303 | Expeditors International of Washington, Inc. | 143,487 | ||||
185 | GXO Logistics, Inc.* | 9,335 | ||||
17,492 | United Parcel Service, Inc., Class B | 3,393,273 | ||||
|
|
|||||
3,628,572 | ||||||
|
|
|||||
Automobile Components (2.8%): | ||||||
1,804 | Aptiv plc* | 202,391 | ||||
13,268 | Lucid Group, Inc.*^ | 106,675 | ||||
68,947 | Tesla, Inc.* | 14,303,744 | ||||
|
|
|||||
14,612,810 | ||||||
|
|
|||||
Banks (0.0%): | ||||||
72 | First Citizens BancShares, Inc., Class A | 70,063 | ||||
1,720 | Western Alliance Bancorp | 61,129 | ||||
|
|
|||||
131,192 | ||||||
|
|
|||||
Beverages (2.3%): | ||||||
238 | Boston Beer Co., Inc. (The), Class A* | 78,230 | ||||
711 | Brown-Forman Corp., Class A | 46,350 | ||||
2,869 | Brown-Forman Corp., Class B | 184,391 | ||||
78,121 | Coca-Cola Co. (The) | 4,845,846 | ||||
18,206 | Monster Beverage Corp.* | 983,306 | ||||
31,163 | PepsiCo, Inc. | 5,681,015 | ||||
|
|
|||||
11,819,138 | ||||||
|
|
|||||
Biotechnology (3.1%): | ||||||
47,148 | AbbVie, Inc. | 7,513,977 | ||||
3,268 | Alnylam Pharmaceuticals, Inc.* | 654,646 | ||||
11,966 | Amgen, Inc. | 2,892,781 | ||||
841 | Exact Sciences Corp.* | 57,028 | ||||
7,273 | Exelixis, Inc.* | 141,169 | ||||
5,473 | Horizon Therapeutics plc* | 597,323 | ||||
4,196 | Incyte Corp.* | 303,245 | ||||
3,450 | Ionis Pharmaceuticals, Inc.* | 123,303 | ||||
530 | Moderna, Inc.* | 81,397 | ||||
2,412 | Natera, Inc.* | 133,914 | ||||
2,519 | Neurocrine Biosciences, Inc.* | 254,973 | ||||
3,309 | Novavax, Inc.* | 22,931 | ||||
403 | Regeneron Pharmaceuticals, Inc.* | 331,133 | ||||
2,237 | Sarepta Therapeutics, Inc.* | 308,326 | ||||
3,625 | Seagen, Inc.* | 733,954 | ||||
1,383 | Ultragenyx Pharmaceutical, Inc.* | 55,458 | ||||
6,439 | Vertex Pharmaceuticals, Inc.* | 2,028,736 | ||||
|
|
|||||
16,234,294 | ||||||
|
|
|||||
Broadline Retail (5.3%): | ||||||
237,111 | Amazon.com, Inc.* | 24,491,195 |
Shares | Value | |||||
Common Stocks, continued | ||||||
Broadline Retail, continued | ||||||
6,064 | Dollar General Corp. | $ | 1,276,229 | |||
1,751 | Dollar Tree, Inc.* | 251,356 | ||||
1,877 | eBay, Inc. | 83,283 | ||||
3,323 | Etsy, Inc.* | 369,950 | ||||
2,542 | Nordstrom, Inc. | 41,358 | ||||
6,785 | Target Corp. | 1,123,800 | ||||
|
|
|||||
27,637,171 | ||||||
|
|
|||||
Building Products (0.3%): | ||||||
801 | A O Smith Corp. | 55,389 | ||||
1,703 | Advanced Drainage Systems, Inc. | 143,410 | ||||
1,845 | Allegion plc | 196,917 | ||||
696 | Armstrong World Industries, Inc. | 49,583 | ||||
1,152 | Carlisle Cos., Inc. | 260,433 | ||||
1,184 | Fortune Brands Innovations, Inc. | 69,536 | ||||
206 | Masco Corp. | 10,242 | ||||
1,978 | Masterbrand, Inc.* | 15,903 | ||||
3,549 | Trane Technologies plc | 652,945 | ||||
2,928 | Trex Co., Inc.* | 142,506 | ||||
|
|
|||||
1,596,864 | ||||||
|
|
|||||
Capital Markets (1.4%): | ||||||
1,803 | Ameriprise Financial, Inc. | 552,620 | ||||
4,077 | Ares Management Corp., Class A | 340,185 | ||||
18,820 | Blackstone, Inc., Class A | 1,653,149 | ||||
11,049 | Blue Owl Capital, Inc. | 122,423 | ||||
22,685 | Charles Schwab Corp. (The) | 1,188,240 | ||||
1,008 | FactSet Research Systems, Inc. | 418,411 | ||||
2,116 | LPL Financial Holdings, Inc. | 428,278 | ||||
987 | MarketAxess Holdings, Inc. | 386,203 | ||||
4,008 | Moodys Corp. | 1,226,528 | ||||
599 | Morningstar, Inc. | 121,615 | ||||
1,572 | MSCI, Inc. | 879,833 | ||||
415 | Raymond James Financial, Inc. | 38,707 | ||||
1,809 | Tradeweb Markets, Inc., Class A | 142,947 | ||||
|
|
|||||
7,499,139 | ||||||
|
|
|||||
Chemicals (1.0%): | ||||||
1,596 | Albemarle Corp. | 352,780 | ||||
1,426 | Axalta Coating Systems, Ltd.* | 43,193 | ||||
5,175 | CF Industries Holdings, Inc. | 375,136 | ||||
2,401 | Chemours Co. (The) | 71,886 | ||||
5,887 | Ecolab, Inc. | 974,475 | ||||
1,145 | FMC Corp. | 139,839 | ||||
2,719 | Linde plc | 966,441 | ||||
1,112 | Mosaic Co. (The) | 51,019 | ||||
3,327 | PPG Industries, Inc. | 444,421 | ||||
277 | RPM International, Inc. | 24,165 | ||||
367 | Scotts Miracle-Gro Co. (The) | 25,595 | ||||
6,430 | Sherwin-Williams Co. (The) | 1,445,271 | ||||
4,699 | Valvoline, Inc. | 164,183 | ||||
|
|
|||||
5,078,404 | ||||||
|
|
|||||
Commercial Services & Supplies (0.8%): | ||||||
2,170 | Cintas Corp. | 1,004,016 | ||||
11,337 | Copart, Inc.* | 852,656 | ||||
379 | MSA Safety, Inc. | 50,597 | ||||
351 | Republic Services, Inc. | 47,462 | ||||
1,548 | Ritchie Bros Auctioneers, Inc. | 87,137 | ||||
5,702 | Rollins, Inc. | 213,996 | ||||
574 | Tetra Tech, Inc. | 84,326 |
See accompanying notes to the schedules of portfolio investments. |
176
AZL Russell 1000 Growth Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Commercial Services & Supplies, continued | ||||||
10,238 | Waste Management, Inc. | $ | 1,670,534 | |||
|
|
|||||
4,010,724 | ||||||
|
|
|||||
Communications Equipment (0.2%): | ||||||
6,611 | Arista Networks, Inc.* | 1,109,723 | ||||
18 | Ubiquiti, Inc. | 4,890 | ||||
|
|
|||||
1,114,613 | ||||||
|
|
|||||
Construction & Engineering (0.1%): | ||||||
186 | AECOM | 15,683 | ||||
2,065 | Quanta Services, Inc. | 344,112 | ||||
76 | Valmont Industries, Inc. | 24,265 | ||||
2,876 | WillScot Mobile Mini Holdings Corp.* | 134,827 | ||||
|
|
|||||
518,887 | ||||||
|
|
|||||
Construction Materials (0.1%): | ||||||
806 | Eagle Materials, Inc. | 118,280 | ||||
145 | Martin Marietta Materials, Inc. | 51,484 | ||||
1,717 | Vulcan Materials Co. | 294,569 | ||||
|
|
|||||
464,333 | ||||||
|
|
|||||
Consumer Finance (0.0%): | ||||||
1,009 | American Express Co. | 166,435 | ||||
36 | Credit Acceptance Corp.* | 15,697 | ||||
592 | Upstart Holdings, Inc.* | 9,407 | ||||
|
|
|||||
191,539 | ||||||
|
|
|||||
Consumer Staples Distribution & Retail (1.4%): | ||||||
2,247 | BJs Wholesale Club Holdings, Inc.* | 170,929 | ||||
11,811 | Costco Wholesale Corp. | 5,868,532 | ||||
2 | Grocery Outlet Holding Corp.* | 56 | ||||
1,249 | Performance Food Group Co.* | 75,365 | ||||
13,507 | Sysco Corp. | 1,043,146 | ||||
|
|
|||||
7,158,028 | ||||||
|
|
|||||
Containers & Packaging (0.2%): | ||||||
3,325 | Ardagh Metal Packaging SA | 13,566 | ||||
1,331 | Avery Dennison Corp. | 238,156 | ||||
3,263 | Ball Corp. | 179,824 | ||||
1,607 | Berry Global Group, Inc. | 94,652 | ||||
2,695 | Crown Holdings, Inc. | 222,904 | ||||
6,267 | Graphic Packaging Holding Co. | 159,746 | ||||
3,874 | Sealed Air Corp. | 177,855 | ||||
|
|
|||||
1,086,703 | ||||||
|
|
|||||
Distributors (0.1%): | ||||||
299 | Genuine Parts Co. | 50,025 | ||||
1,011 | Pool Corp. | 346,207 | ||||
|
|
|||||
396,232 | ||||||
|
|
|||||
Diversified Consumer Services (0.0%): | ||||||
431 | Bright Horizons Family Solutions, Inc.* | 33,183 | ||||
3,410 | H&R Block, Inc. | 120,203 | ||||
1,541 | Mister Car Wash, Inc.* | 13,283 | ||||
|
|
|||||
166,669 | ||||||
|
|
|||||
Electrical Equipment (0.3%): | ||||||
6,727 | ChargePoint Holdings, Inc.*^ | 70,432 | ||||
4,867 | Emerson Electric Co. | 424,110 | ||||
1,656 | Generac Holdings, Inc.* | 178,864 | ||||
6,861 | Plug Power, Inc.*^ | 80,411 | ||||
2,057 | Rockwell Automation, Inc. | 603,627 | ||||
1,096 | Vertiv Holdings Co. | 15,684 | ||||
|
|
|||||
1,373,128 | ||||||
|
|
Shares | Value | |||||
Common Stocks, continued | ||||||
Electronic Equipment, Instruments & Components (0.6%): | ||||||
11,865 | Amphenol Corp., Class A | $ | 969,608 | |||
78 | Arrow Electronics, Inc.* | 9,740 | ||||
3,588 | CDW Corp. | 699,265 | ||||
4,300 | Cognex Corp. | 213,065 | ||||
454 | Coherent Corp.* | 17,288 | ||||
1,184 | Corning, Inc. | 41,772 | ||||
2,851 | Jabil, Inc. | 251,344 | ||||
4,408 | Keysight Technologies, Inc.* | 711,804 | ||||
428 | National Instruments Corp. | 22,431 | ||||
2,614 | Vontier Corp. | 71,467 | ||||
562 | Zebra Technologies Corp., Class A* | 178,716 | ||||
|
|
|||||
3,186,500 | ||||||
|
|
|||||
Energy Equipment & Services (0.1%): | ||||||
10,821 | Halliburton Co. | 342,376 | ||||
|
|
|||||
Entertainment (0.9%): | ||||||
457 | Electronic Arts, Inc. | 55,046 | ||||
597 | Liberty Media Corp-Liberty Formula One, Class C* | 44,674 | ||||
2,073 | Live Nation Entertainment, Inc.* | 145,110 | ||||
253 | Madison Square Garden Sports Corp., Class A | 49,297 | ||||
5,263 | Netflix, Inc.* | 1,818,261 | ||||
1,929 | Playtika Holding Corp.* | 21,721 | ||||
11,893 | ROBLOX Corp., Class A* | 534,947 | ||||
916 | Roku, Inc.* | 60,291 | ||||
3,721 | Spotify Technology SA* | 497,200 | ||||
3,725 | Take-Two Interactive Software, Inc.* | 444,392 | ||||
3,248 | Walt Disney Co. (The)* | 325,222 | ||||
45,990 | Warner Bros Discovery, Inc.* | 694,449 | ||||
1,144 | World Wrestling Entertainment, Inc., Class A | 104,401 | ||||
|
|
|||||
4,795,011 | ||||||
|
|
|||||
Financial Services (0.1%): | ||||||
10,014 | Apollo Global Management, Inc. | 632,484 | ||||
1,773 | Rocket Cos., Inc., Class A* | 16,063 | ||||
3,512 | UWM Holdings Corp. | 17,244 | ||||
|
|
|||||
665,791 | ||||||
|
|
|||||
Food Products (0.3%): | ||||||
453 | Darling Ingredients, Inc.* | 26,455 | ||||
675 | Freshpet, Inc.* | 44,678 | ||||
3,366 | Hershey Co. (The) | 856,344 | ||||
3,714 | Kellogg Co. | 248,690 | ||||
3,831 | Lamb Weston Holdings, Inc. | 400,416 | ||||
578 | Pilgrims Pride Corp.* | 13,398 | ||||
|
|
|||||
1,589,981 | ||||||
|
|
|||||
Gas Utilities (0.0%): | ||||||
338 | National Fuel Gas Co. | 19,516 | ||||
|
|
|||||
Ground Transportation (1.3%): | ||||||
14,083 | CSX Corp. | 421,645 | ||||
1,952 | JB Hunt Transport Services, Inc. | 342,498 | ||||
845 | Landstar System, Inc. | 151,475 | ||||
6,755 | Lyft, Inc., Class A* | 62,619 | ||||
2,669 | Old Dominion Freight Line, Inc. | 909,702 | ||||
44,193 | Uber Technologies, Inc.* | 1,400,918 | ||||
16,395 | Union Pacific Corp. | 3,299,657 | ||||
409 | XPO Logistics, Inc.* | 13,047 | ||||
|
|
|||||
6,601,561 | ||||||
|
|
|||||
Health Care Equipment & Supplies (2.0%): | ||||||
6,023 | Abbott Laboratories | 609,889 |
See accompanying notes to the schedules of portfolio investments. |
177
AZL Russell 1000 Growth Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Health Care Equipment & Supplies, continued | ||||||
1,564 | Align Technology, Inc.* | $ | 522,595 | |||
2,088 | Baxter International, Inc. | 84,689 | ||||
10,244 | Dexcom, Inc.* | 1,190,148 | ||||
16,607 | Edwards Lifesciences Corp.* | 1,373,897 | ||||
544 | GE HealthCare Technologies, Inc.* | 44,624 | ||||
93 | Globus Medical, Inc.* | 5,268 | ||||
66 | ICU Medical, Inc.* | 10,887 | ||||
2,185 | IDEXX Laboratories, Inc.* | 1,092,675 | ||||
1,830 | Insulet Corp.* | 583,697 | ||||
8,655 | Intuitive Surgical, Inc.* | 2,211,093 | ||||
965 | Masimo Corp.* | 178,081 | ||||
2,746 | Novocure, Ltd.* | 165,144 | ||||
948 | Penumbra, Inc.* | 264,198 | ||||
3,839 | ResMed, Inc. | 840,703 | ||||
5,056 | Stryker Corp. | 1,443,336 | ||||
1,586 | Tandem Diabetes Care, Inc.* | 64,408 | ||||
|
|
|||||
10,685,332 | ||||||
|
|
|||||
Health Care Providers & Services (2.8%): | ||||||
4,693 | agilon health, Inc.* | 111,459 | ||||
4,224 | AmerisourceBergen Corp. | 676,305 | ||||
138 | Chemed Corp. | 74,209 | ||||
1,267 | Cigna Group (The) | 323,756 | ||||
1,478 | DaVita, Inc.* | 119,881 | ||||
1,970 | Elevance Health, Inc. | 905,826 | ||||
2,590 | Guardant Health, Inc.* | 60,710 | ||||
350 | HCA Healthcare, Inc. | 92,288 | ||||
2,374 | Humana, Inc. | 1,152,482 | ||||
740 | McKesson Corp. | 263,477 | ||||
1,182 | Molina Healthcare, Inc.* | 316,173 | ||||
22,707 | UnitedHealth Group, Inc. | 10,731,101 | ||||
|
|
|||||
14,827,667 | ||||||
|
|
|||||
Health Care Technology (0.2%): | ||||||
1,995 | Certara, Inc.* | 48,099 | ||||
1,299 | Definitive Healthcare Corp.* | 13,419 | ||||
1,384 | Doximity, Inc., Class A* | 44,814 | ||||
134 | Teladoc Health, Inc.* | 3,471 | ||||
3,705 | Veeva Systems, Inc., Class A* | 680,942 | ||||
|
|
|||||
790,745 | ||||||
|
|
|||||
Hotels, Restaurants & Leisure (2.4%): | ||||||
9,975 | Airbnb, Inc., Class A* | 1,240,890 | ||||
1,034 | Booking Holdings, Inc.* | 2,742,592 | ||||
3,741 | Caesars Entertainment, Inc.* | 182,598 | ||||
738 | Chipotle Mexican Grill, Inc.* | 1,260,718 | ||||
855 | Choice Hotels International, Inc. | 100,197 | ||||
948 | Churchill Downs, Inc. | 243,683 | ||||
2,376 | Darden Restaurants, Inc. | 368,660 | ||||
685 | Dominos Pizza, Inc. | 225,961 | ||||
5,879 | DoorDash, Inc., Class A* | 373,669 | ||||
9,406 | DraftKings, Inc.* | 182,100 | ||||
4,020 | Expedia Group, Inc.* | 390,061 | ||||
5,093 | Hilton Worldwide Holdings, Inc. | 717,451 | ||||
3,280 | Las Vegas Sands Corp.* | 188,436 | ||||
7,054 | Marriott International, Inc., Class A | 1,171,246 | ||||
4,774 | McDonalds Corp. | 1,334,858 | ||||
1,350 | Norwegian Cruise Line Holdings, Ltd.* | 18,158 | ||||
1,635 | Planet Fitness, Inc., Class A* | 126,990 | ||||
1,156 | Six Flags Entertainment Corp.* | 30,877 | ||||
10,980 | Starbucks Corp. | 1,143,347 |
Shares | Value | |||||
Common Stocks, continued | ||||||
Hotels, Restaurants & Leisure, continued | ||||||
1,524 | Travel + Leisure Co. | $ | 59,741 | |||
1,011 | Vail Resorts, Inc. | 236,251 | ||||
4,532 | Wendys Co. (The) | 98,707 | ||||
1,601 | Wyndham Hotels & Resorts, Inc. | 108,628 | ||||
349 | Wynn Resorts, Ltd.* | 39,057 | ||||
862 | Yum! Brands, Inc. | 113,853 | ||||
|
|
|||||
12,698,729 | ||||||
|
|
|||||
Household Durables (0.2%): | ||||||
4,391 | DR Horton, Inc. | 428,957 | ||||
56 | NVR, Inc.* | 312,042 | ||||
2,356 | PulteGroup, Inc. | 137,308 | ||||
1,462 | Toll Brothers, Inc. | 87,764 | ||||
715 | TopBuild Corp.* | 148,820 | ||||
|
|
|||||
1,114,891 | ||||||
|
|
|||||
Household Products (1.2%): | ||||||
2,924 | Church & Dwight Co., Inc. | 258,511 | ||||
2,716 | Clorox Co. (The) | 429,780 | ||||
13,690 | Colgate-Palmolive Co. | 1,028,803 | ||||
5,312 | Kimberly-Clark Corp. | 712,977 | ||||
26,826 | Procter & Gamble Co. (The) | 3,988,758 | ||||
|
|
|||||
6,418,829 | ||||||
|
|
|||||
Independent Power and Renewable Electricity Producers (0.0%): | ||||||
3,192 | AES Corp. (The) | 76,863 | ||||
6,025 | Vistra Corp. | 144,600 | ||||
|
|
|||||
221,463 | ||||||
|
|
|||||
Industrial Conglomerates (0.2%): | ||||||
1,632 | General Electric Co. | 156,019 | ||||
5,268 | Honeywell International, Inc. | 1,006,820 | ||||
|
|
|||||
1,162,839 | ||||||
|
|
|||||
Insurance (1.2%): | ||||||
5,140 | Aon plc, Class A | 1,620,591 | ||||
3,060 | Arch Capital Group, Ltd.* | 207,682 | ||||
631 | Arthur J. Gallagher & Co. | 120,717 | ||||
566 | Brown & Brown, Inc. | 32,500 | ||||
493 | Erie Indemnity Co., Class A | 114,208 | ||||
320 | Everest Re Group, Ltd. | 114,566 | ||||
933 | Lincoln National Corp. | 20,964 | ||||
81 | Markel Corp.* | 103,470 | ||||
11,799 | Marsh & McLennan Cos., Inc. | 1,965,123 | ||||
13,549 | Progressive Corp. (The) | 1,938,320 | ||||
626 | RenaissanceRe Holdings, Ltd. | 125,413 | ||||
2,186 | Ryan Specialty Holdings, Inc.* | 87,965 | ||||
|
|
|||||
6,451,519 | ||||||
|
|
|||||
Interactive Media & Services (5.8%): | ||||||
139,609 | Alphabet, Inc., Class A* | 14,481,642 | ||||
121,407 | Alphabet, Inc., Class C* | 12,626,328 | ||||
6,942 | Match Group, Inc.* | 266,503 | ||||
12,644 | Meta Platforms, Inc., Class A* | 2,679,769 | ||||
3,266 | Pinterest, Inc., Class A* | 89,064 | ||||
7,306 | ZoomInfo Technologies, Inc.* | 180,531 | ||||
|
|
|||||
30,323,837 | ||||||
|
|
|||||
IT Services (6.6%): | ||||||
16,903 | Accenture plc, Class A | 4,831,046 | ||||
10,225 | Automatic Data Processing, Inc. | 2,276,392 | ||||
2,813 | Broadridge Financial Solutions, Inc. | 412,301 |
See accompanying notes to the schedules of portfolio investments. |
178
AZL Russell 1000 Growth Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
IT Services, continued | ||||||
7,518 | Cloudflare, Inc., Class A* | $ | 463,560 | |||
1,459 | EPAM Systems, Inc.* | 436,241 | ||||
944 | Euronet Worldwide, Inc.* | 105,634 | ||||
1,425 | Fiserv, Inc.* | 161,068 | ||||
1,909 | FleetCor Technologies, Inc.* | 402,513 | ||||
2,037 | Gartner, Inc.* | 663,593 | ||||
2,533 | Genpact, Ltd. | 117,075 | ||||
574 | GoDaddy, Inc., Class A* | 44,611 | ||||
16,037 | International Business Machines Corp. | 2,102,290 | ||||
1,929 | Jack Henry & Associates, Inc. | 290,739 | ||||
22,700 | Mastercard, Inc., Class A | 8,249,407 | ||||
1,763 | MongoDB, Inc.* | 410,991 | ||||
540 | Okta, Inc.* | 46,570 | ||||
8,667 | Paychex, Inc. | 993,152 | ||||
9,329 | PayPal Holdings, Inc.* | 708,444 | ||||
1,341 | Shift4 Payments, Inc., Class A* | 101,648 | ||||
7,741 | Snowflake, Inc., Class A* | 1,194,359 | ||||
3,568 | Thoughtworks Holding, Inc.* | 26,260 | ||||
6,776 | Toast, Inc., Class A* | 120,274 | ||||
1,750 | Twilio, Inc., Class A* | 116,603 | ||||
264 | VeriSign, Inc.* | 55,791 | ||||
43,364 | Visa, Inc., Class A | 9,776,847 | ||||
2,856 | Western Union Co. (The.) | 31,844 | ||||
838 | WEX, Inc.* | 154,100 | ||||
1,140 | Wix.com, Ltd.* | 113,772 | ||||
|
|
| ||||
34,407,125 | ||||||
|
|
| ||||
Leisure Products (0.1%): | ||||||
334 | Brunswick Corp. | 27,388 | ||||
4,503 | Mattel, Inc.* | 82,900 | ||||
1,084 | Polaris, Inc. | 119,923 | ||||
2,292 | YETI Holdings, Inc.* | 91,680 | ||||
|
|
| ||||
321,891 | ||||||
|
|
| ||||
Life Sciences Tools & Services (1.3%): | ||||||
2,191 | 10X Genomics, Inc., Class A* | 122,236 | ||||
7,138 | Agilent Technologies, Inc. | 987,471 | ||||
15,059 | Avantor, Inc.* | 318,347 | ||||
4,135 | Bio-Techne Corp. | 306,776 | ||||
2,850 | Bruker Corp. | 224,694 | ||||
1,250 | Charles River Laboratories International, Inc.* | 252,275 | ||||
1,171 | Danaher Corp. | 295,139 | ||||
4,926 | IQVIA Holdings, Inc.* | 979,732 | ||||
2,918 | Maravai LifeSciences Holdings, Inc., Class A* | 40,881 | ||||
591 | Mettler-Toledo International, Inc.* | 904,354 | ||||
1,047 | Repligen Corp.* | 176,273 | ||||
2,627 | Sotera Health Co.* | 47,050 | ||||
517 | Syneos Health, Inc.* | 18,416 | ||||
1,269 | Thermo Fisher Scientific, Inc. | 731,413 | ||||
1,570 | Waters Corp.* | 486,119 | ||||
1,969 | West Pharmaceutical Services, Inc. | 682,199 | ||||
|
|
| ||||
6,573,375 | ||||||
|
|
| ||||
Machinery (1.7%): | ||||||
218 | AGCO Corp. | 29,473 | ||||
1,936 | Allison Transmission Holdings, Inc. | 87,585 | ||||
12,091 | Caterpillar, Inc. | 2,766,904 | ||||
7,243 | Deere & Co. | 2,990,490 | ||||
551 | Donaldson Co., Inc. | 36,002 | ||||
3,060 | Graco, Inc. | 223,411 | ||||
359 | IDEX Corp. | 82,940 |
Shares | Value | |||||
Common Stocks, continued | ||||||
Machinery, continued | ||||||
7,323 | Illinois Tool Works, Inc. | $ | 1,782,784 | |||
1,489 | Lincoln Electric Holdings, Inc. | 251,790 | ||||
160 | Middleby Corp. (The)* | 23,458 | ||||
356 | Nordson Corp. | 79,124 | ||||
1,352 | Otis Worldwide Corp. | 114,109 | ||||
772 | Parker-Hannifin Corp. | 259,477 | ||||
2,774 | Toro Co. (The) | 308,358 | ||||
667 | Xylem, Inc. | 69,835 | ||||
|
|
| ||||
9,105,740 | ||||||
|
|
| ||||
Media (0.4%): | ||||||
94 | Cable One, Inc. | 65,988 | ||||
2,824 | Charter Communications, Inc., Class A* | 1,009,891 | ||||
215 | Liberty Broadband Corp., Class A* | 17,656 | ||||
1,474 | Liberty Broadband Corp., Class C* | 120,426 | ||||
1,143 | Liberty Media Corp.-Liberty SiriusXM, Class C* | 31,992 | ||||
897 | Liberty Media Corp-Liberty SiriusXM, Class A* | 25,197 | ||||
64 | Nexstar Media Group, Inc. | 11,050 | ||||
11,674 | The Trade Desk, Inc., Class A* | 711,063 | ||||
|
|
| ||||
1,993,263 | ||||||
|
|
| ||||
Metals & Mining (0.0%): | ||||||
2,411 | MP Materials Corp.* | 67,966 | ||||
130 | Royal Gold, Inc. | 16,862 | ||||
1,494 | Southern Copper Corp. | 113,918 | ||||
|
|
| ||||
198,746 | ||||||
|
|
| ||||
Oil, Gas & Consumable Fuels (1.3%): | ||||||
4,907 | Antero Resources Corp.* | 113,303 | ||||
3,805 | Cheniere Energy, Inc. | 599,668 | ||||
3,401 | Coterra Energy, Inc. | 83,461 | ||||
8,456 | Devon Energy Corp. | 427,958 | ||||
2,666 | Diamondback Energy, Inc. | 360,363 | ||||
813 | Enviva, Inc. | 23,479 | ||||
11,495 | EOG Resources, Inc. | 1,317,672 | ||||
5,857 | Hess Corp. | 775,115 | ||||
1,464 | New Fortress Energy, Inc. | 43,085 | ||||
17,437 | Occidental Petroleum Corp. | 1,088,592 | ||||
1,335 | ONEOK, Inc. | 84,826 | ||||
4,711 | Ovintiv, Inc. | 169,973 | ||||
1,251 | PDC Energy, Inc. | 80,289 | ||||
3,474 | Pioneer Natural Resources Co. | 709,530 | ||||
4,131 | Range Resources Corp. | 109,348 | ||||
3,518 | Southwestern Energy Co.* | 17,590 | ||||
6,006 | Targa Resources Corp. | 438,138 | ||||
152 | Texas Pacific Land Corp. | 258,555 | ||||
|
|
| ||||
6,700,945 | ||||||
|
|
| ||||
Paper & Forest Products (0.0%): | ||||||
167 | Louisiana-Pacific Corp. | 9,053 | ||||
|
|
| ||||
Passenger Airlines (0.1%): | ||||||
17,398 | Delta Air Lines, Inc.* | 607,538 | ||||
|
|
| ||||
Personal Care Products (0.3%): | ||||||
5,466 | Olaplex Holdings, Inc.* | 23,340 | ||||
6,107 | The Estee Lauder Cos., Inc., Class A | 1,505,131 | ||||
|
|
| ||||
1,528,471 | ||||||
|
|
| ||||
Pharmaceuticals (2.2%): | ||||||
1,517 | Catalent, Inc.* | 99,682 | ||||
18,297 | Eli Lilly & Co. | 6,283,556 | ||||
28,276 | Merck & Co., Inc. | 3,008,284 |
See accompanying notes to the schedules of portfolio investments. |
179
AZL Russell 1000 Growth Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Pharmaceuticals, continued | ||||||
12,560 | Zoetis, Inc. | $ | 2,090,486 | |||
|
|
| ||||
11,482,008 | ||||||
|
|
| ||||
Professional Services (0.4%): | ||||||
3,489 | Booz Allen Hamilton Holding Corp. | 323,395 | ||||
1,533 | CoStar Group, Inc.* | 105,547 | ||||
1,616 | Equifax, Inc. | 327,789 | ||||
376 | FTI Consulting, Inc.* | 74,204 | ||||
2,347 | KBR, Inc. | 129,202 | ||||
2,478 | Robert Half International, Inc. | 199,653 | ||||
3,750 | TransUnion | 233,025 | ||||
4,131 | Verisk Analytics, Inc. | 792,574 | ||||
|
|
| ||||
2,185,389 | ||||||
|
|
| ||||
Real Estate Management & Development (0.1%): | ||||||
4,089 | CBRE Group, Inc., Class A* | 297,720 | ||||
3,598 | Opendoor Technologies, Inc.* | 6,332 | ||||
444 | Zillow Group, Inc., Class C* | 19,745 | ||||
|
|
| ||||
323,797 | ||||||
|
|
| ||||
Residential REITs (0.1%): | ||||||
560 | Apartment Income REIT Corp. | 20,054 | ||||
231 | Camden Property Trust | 24,218 | ||||
2,894 | Equity Lifestyle Properties, Inc. | 194,274 | ||||
|
|
| ||||
238,546 | ||||||
|
|
| ||||
Retail REITs (0.1%): | ||||||
4,206 | Simon Property Group, Inc. | 470,946 | ||||
|
|
| ||||
Semiconductors & Semiconductor Equipment (8.8%): | ||||||
33,953 | Advanced Micro Devices, Inc.* | 3,327,734 | ||||
1,669 | Allegro MicroSystems, Inc.* | 80,095 | ||||
2,744 | Analog Devices, Inc. | 541,172 | ||||
22,448 | Applied Materials, Inc. | 2,757,288 | ||||
10,536 | Broadcom, Inc. | 6,759,265 | ||||
3,473 | Enphase Energy, Inc.* | 730,303 | ||||
3,945 | Entegris, Inc. | 323,530 | ||||
408 | GLOBALFOUNDRIES, Inc.* | 29,449 | ||||
3,719 | KLA Corp. | 1,484,513 | ||||
3,591 | Lam Research Corp. | 1,903,661 | ||||
3,607 | Lattice Semiconductor Corp.* | 344,469 | ||||
12,074 | Microchip Technology, Inc. | 1,011,560 | ||||
5,460 | Micron Technology, Inc. | 329,456 | ||||
1,206 | Monolithic Power Systems, Inc. | 603,651 | ||||
63,116 | NVIDIA Corp. | 17,531,731 | ||||
7,197 | ON Semiconductor Corp.* | 592,457 | ||||
29,892 | Qualcomm, Inc. | 3,813,621 | ||||
3,780 | Teradyne, Inc. | 406,388 | ||||
16,583 | Texas Instruments, Inc. | 3,084,604 | ||||
1,155 | Universal Display Corp. | 179,175 | ||||
|
|
| ||||
45,834,122 | ||||||
|
|
| ||||
Software (17.1%): | ||||||
12,197 | Adobe, Inc.* | 4,700,358 | ||||
1,596 | Alteryx, Inc., Class A* | 93,909 | ||||
1,219 | ANSYS, Inc.* | 405,683 | ||||
5,816 | AppLovin Corp., Class A* | 91,602 | ||||
717 | Aspen Technology, Inc.* | 164,100 | ||||
3,908 | Atlassian Corp., Class A* | 668,932 | ||||
5,785 | Autodesk, Inc.* | 1,204,206 | ||||
4,481 | Bentley Systems, Inc., Class B | 192,638 | ||||
364 | Black Knight, Inc.* | 20,952 | ||||
7,256 | Cadence Design Systems, Inc.* | 1,524,413 |
Shares | Value | |||||
Common Stocks, continued | ||||||
Software, continued | ||||||
2,809 | CCC Intelligent Solutions Holdings, Inc.* | $ | 25,197 | |||
691 | Ceridian HCM Holding, Inc.* | 50,595 | ||||
3,301 | Confluent, Inc., Class A* | 79,455 | ||||
5,711 | Crowdstrike Holdings, Inc., Class A* | 783,892 | ||||
7,058 | Datadog, Inc., Class A* | 512,834 | ||||
5,251 | DocuSign, Inc.* | 306,133 | ||||
2,270 | DoubleVerify Holdings, Inc.* | 68,441 | ||||
6,645 | Dropbox, Inc., Class A* | 143,665 | ||||
5,686 | Dynatrace, Inc.* | 240,518 | ||||
2,057 | Elastic NV* | 119,100 | ||||
645 | Fair Isaac Corp.* | 453,235 | ||||
1,861 | Five9, Inc.* | 134,532 | ||||
17,166 | Fortinet, Inc.* | 1,140,852 | ||||
5,323 | Gen Digital, Inc. | 91,343 | ||||
1,082 | Globant SA* | 177,459 | ||||
1,231 | HubSpot, Inc.* | 527,791 | ||||
7,351 | Intuit, Inc. | 3,277,296 | ||||
1,507 | Jamf Holding Corp.* | 29,266 | ||||
1,017 | Manhattan Associates, Inc.* | 157,482 | ||||
199,611 | Microsoft Corp. | 57,547,851 | ||||
471 | nCino, Inc.* | 11,671 | ||||
279 | NCR Corp.* | 6,582 | ||||
1,416 | New Relic, Inc.* | 106,611 | ||||
3,180 | Nutanix, Inc., Class A* | 82,648 | ||||
28,014 | Oracle Corp. | 2,603,061 | ||||
48,903 | Palantir Technologies, Inc., Class A* | 413,230 | ||||
7,903 | Palo Alto Networks, Inc.* | 1,578,545 | ||||
1,361 | Paycom Software, Inc.* | 413,758 | ||||
1,055 | Paylocity Holding Corp.* | 209,713 | ||||
1,099 | Pegasystems, Inc. | 53,280 | ||||
1,361 | Procore Technologies, Inc.* | 85,239 | ||||
2,800 | PTC, Inc.* | 359,044 | ||||
2,265 | RingCentral, Inc., Class A* | 69,468 | ||||
5,485 | Salesforce, Inc.* | 1,095,793 | ||||
3,568 | SentinelOne, Inc., Class A* | 58,372 | ||||
5,409 | ServiceNow, Inc.* | 2,513,671 | ||||
3,379 | Smartsheet, Inc., Class A* | 161,516 | ||||
4,314 | Splunk, Inc.* | 413,626 | ||||
4,056 | Synopsys, Inc.* | 1,566,630 | ||||
1,474 | Teradata Corp.* | 59,373 | ||||
955 | Tyler Technologies, Inc.* | 338,681 | ||||
1,488 | UiPath, Inc., Class A* | 26,129 | ||||
4,439 | Unity Software, Inc.* | 144,001 | ||||
2,738 | VMware, Inc., Class A* | 341,839 | ||||
5,315 | Workday, Inc., Class A* | 1,097,760 | ||||
3,384 | Zoom Video Communications, Inc., Class A* | 249,875 | ||||
2,243 | Zscaler, Inc.* | 262,050 | ||||
|
|
| ||||
89,255,896 | ||||||
|
|
| ||||
Specialized REITs (1.3%): | ||||||
9,493 | American Tower Corp. | 1,939,800 | ||||
11,485 | Crown Castle, Inc. | 1,537,152 | ||||
1,853 | Equinix, Inc. | 1,336,087 | ||||
419 | Extra Space Storage, Inc. | 68,268 | ||||
5,747 | Iron Mountain, Inc. | 304,074 | ||||
2,022 | Lamar Advertising Co., Class A | 201,977 | ||||
3,298 | Public Storage | 996,458 | ||||
646 | SBA Communications Corp. | 168,651 | ||||
|
|
| ||||
6,552,467 | ||||||
|
|
|
See accompanying notes to the schedules of portfolio investments. |
180
AZL Russell 1000 Growth Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Specialty Retail (2.8%): | ||||||
76 | Advance Auto Parts, Inc. | $ | 9,242 | |||
455 | AutoZone, Inc.* | 1,118,458 | ||||
1,672 | Best Buy Co., Inc. | 130,867 | ||||
1,640 | Burlington Stores, Inc.* | 331,444 | ||||
487 | CarMax, Inc.* | 31,304 | ||||
2,772 | Carvana Co.*^ | 27,138 | ||||
1,451 | Five Below, Inc.* | 298,863 | ||||
2,743 | Floor & Decor Holdings, Inc., Class A* | 269,418 | ||||
15,768 | Home Depot, Inc. (The) | 4,653,452 | ||||
3,747 | Leslies, Inc.* | 41,255 | ||||
13,928 | Lowes Cos., Inc. | 2,785,182 | ||||
673 | OReilly Automotive, Inc.* | 571,364 | ||||
189 | RH* | 46,031 | ||||
3,843 | Ross Stores, Inc. | 407,858 | ||||
30,962 | TJX Cos., Inc. (The) | 2,426,182 | ||||
2,936 | Tractor Supply Co. | 690,077 | ||||
1,340 | Ulta Beauty, Inc.* | 731,198 | ||||
1,541 | Victorias Secret & Co.* | 52,625 | ||||
1,331 | Wayfair, Inc., Class A* | 45,707 | ||||
1,393 | Williams-Sonoma, Inc. | 169,472 | ||||
|
|
| ||||
14,837,137 | ||||||
|
|
| ||||
Technology Hardware, Storage & Peripherals (12.8%): | ||||||
400,940 | Apple, Inc. | 66,115,006 | ||||
1,027 | Dell Technologies, Inc., Class C | 41,296 | ||||
12,282 | HP, Inc. | 360,477 | ||||
5,776 | NetApp, Inc. | 368,797 | ||||
7,478 | Pure Storage, Inc., Class A* | 190,764 | ||||
|
|
| ||||
67,076,340 | ||||||
|
|
| ||||
Textiles, Apparel & Luxury Goods (1.0%): | ||||||
618 | Deckers Outdoor Corp.* | 277,822 | ||||
2,969 | Lululemon Athletica, Inc.* | 1,081,280 |
Shares | Value | |||||
Common Stocks, continued | ||||||
Textiles, Apparel & Luxury Goods, continued | ||||||
32,092 | NIKE, Inc., Class B | $ | 3,935,763 | |||
413 | Skechers U.S.A., Inc., Class A* | 19,626 | ||||
869 | Tapestry, Inc. | 37,462 | ||||
|
|
| ||||
5,351,953 | ||||||
|
|
| ||||
Trading Companies & Distributors (0.5%): | ||||||
852 | Core & Main, Inc., Class A* | 19,681 | ||||
15,298 | Fastenal Co. | 825,174 | ||||
719 | SiteOne Landscape Supply, Inc.* | 98,410 | ||||
852 | United Rentals, Inc. | 337,187 | ||||
1,197 | W.W. Grainger, Inc. | 824,506 | ||||
463 | Watsco, Inc. | 147,308 | ||||
626 | WESCO International, Inc. | 96,742 | ||||
|
|
| ||||
2,349,008 | ||||||
|
|
| ||||
Total Common Stocks (Cost $228,052,976) |
519,473,072 | |||||
|
|
| ||||
Principal Amount | ||||||
Short-Term Security Held as Collateral for Securities on Loan (0.0%): | ||||||
173,229 | BlackRock Liquidity FedFund, Institutional Class , 2.54%(a)(b) | 173,229 | ||||
|
|
| ||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $173,229) |
173,229 | |||||
|
|
| ||||
Shares | ||||||
Unaffiliated Investment Company (0.6%): | ||||||
Money Markets (0.6%): | ||||||
3,196,091 | Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 4.43%(b) | 3,196,091 | ||||
|
|
| ||||
Total Unaffiliated Investment Company (Cost $3,196,091) |
3,196,091 | |||||
|
|
| ||||
Total Investment Securities |
||||||
(Cost $231,422,296) 100.0% |
522,842,392 | |||||
Net other assets (liabilities) 0.0% |
(132,886 | ) | ||||
|
|
| ||||
Net Assets 100.0% |
$ | 522,709,506 | ||||
|
|
|
Percentages indicated are based on net assets as of March 31, 2023
REIT - Real Estate Investment Trust
* | Non-income producing security. |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $176,728. |
| Represents less than 0.05%. |
(a) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(b) | The rate represents the effective yield at March 31, 2023. |
Futures Contracts
At March 31, 2023, the Funds open futures contracts were as follows:
Long Futures
Description | Expiration Date | Number of Contracts |
Notional Amount | Value and Unrealized Appreciation/ (Depreciation) |
||||||||||
NASDAQ 100 E-Mini June Futures (U.S. Dollar) | 6/16/23 | 7 | $ | 1,862,245 | $ | 30,828 | ||||||||
S&P 500 Index E-Mini June Futures (U.S. Dollar) | 6/16/23 | 8 | 1,655,100 | 32,018 | ||||||||||
|
|
|||||||||||||
$ | 62,846 | |||||||||||||
|
|
See accompanying notes to the schedules of portfolio investments. |
181
AZL Russell 1000 Value Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (99.5%): |
| |||||
Aerospace & Defense (2.5%): |
| |||||
549 | Axon Enterprise, Inc.* | $ | 123,443 | |||
13,735 | Boeing Co. (The)* | 2,917,726 | ||||
2,001 | BWX Technologies, Inc. | 126,143 | ||||
1,376 | Curtiss-Wright Corp. | 242,534 | ||||
8,848 | General Dynamics Corp. | 2,019,202 | ||||
116 | HEICO Corp. | 19,841 | ||||
265 | HEICO Corp., Class A | 36,013 | ||||
3,011 | Hexcel Corp. | 205,501 | ||||
12,029 | Howmet Aerospace, Inc. | 509,669 | ||||
1,103 | Huntington Ingalls Industries, Inc. | 228,343 | ||||
6,908 | L3Harris Technologies, Inc. | 1,355,626 | ||||
1,767 | Mercury Systems, Inc.* | 90,329 | ||||
4,625 | Northrop Grumman Corp. | 2,135,455 | ||||
53,473 | Raytheon Technologies Corp. | 5,236,611 | ||||
618 | Spirit AeroSystems Holdings, Inc., Class A | 21,339 | ||||
7,493 | Textron, Inc. | 529,231 | ||||
1,158 | TransDigm Group, Inc. | 853,504 | ||||
2,115 | Woodward, Inc. | 205,937 | ||||
|
|
| ||||
16,856,447 | ||||||
|
|
| ||||
Air Freight & Logistics (0.5%): |
| |||||
3,049 | C.H. Robinson Worldwide, Inc. | 302,979 | ||||
3,939 | Expeditors International of Washington, Inc. | 433,763 | ||||
8,495 | FedEx Corp. | 1,941,023 | ||||
3,382 | GXO Logistics, Inc.* | 170,656 | ||||
2,856 | United Parcel Service, Inc., Class B | 554,035 | ||||
|
|
| ||||
3,402,456 | ||||||
|
|
| ||||
Automobile Components (0.9%): |
| |||||
7,453 | Aptiv plc* | 836,152 | ||||
8,386 | BorgWarner, Inc. | 411,836 | ||||
143,355 | Ford Motor Co. | 1,806,273 | ||||
50,538 | General Motors Co. | 1,853,734 | ||||
8,442 | Gentex Corp. | 236,629 | ||||
4,834 | Harley-Davidson, Inc. | 183,547 | ||||
2,114 | Lear Corp. | 294,882 | ||||
1,727 | Lucid Group, Inc.*^ | 13,885 | ||||
9,262 | QuantumScape Corp.* | 75,763 | ||||
18,674 | Rivian Automotive, Inc., Class A* | 289,074 | ||||
1,855 | Thor Industries, Inc. | 147,732 | ||||
|
|
| ||||
6,149,507 | ||||||
|
|
| ||||
Banks (6.3%): |
| |||||
255,507 | Bank of America Corp. | 7,307,500 | ||||
1,421 | Bank of Hawaii Corp. | 74,006 | ||||
4,017 | Bank OZK | 137,381 | ||||
1,043 | BOK Financial Corp. | 88,040 | ||||
70,419 | Citigroup, Inc. | 3,301,947 | ||||
17,547 | Citizens Financial Group, Inc. | 532,902 | ||||
7,439 | Columbia Banking System, Inc. | 159,343 | ||||
4,694 | Comerica, Inc. | 203,813 | ||||
4,085 | Commerce Bancshares, Inc. | 238,360 | ||||
2,096 | Cullen/Frost Bankers, Inc. | 220,793 | ||||
5,081 | East West Bancorp, Inc. | 281,995 | ||||
12,538 | F.N.B. Corp. | 145,441 | ||||
25,111 | Fifth Third Bancorp | 668,957 | ||||
297 | First Citizens BancShares, Inc., Class A | 289,011 | ||||
4,589 | First Hawaiian, Inc. | 94,671 | ||||
19,015 | First Horizon Corp. | 338,087 | ||||
6,535 | First Republic Bank | 91,425 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Banks, continued |
| |||||
53,014 | Huntington Bancshares, Inc. | $ | 593,757 | |||
106,112 | JPMorgan Chase & Co. | 13,827,455 | ||||
34,623 | KeyCorp | 433,480 | ||||
6,248 | M&T Bank Corp. | 747,073 | ||||
24,050 | New York Community Bancorp, Inc. | 217,412 | ||||
4,176 | PacWest Bancorp^ | 40,632 | ||||
2,693 | Pinnacle Financial Partners, Inc. | 148,546 | ||||
14,644 | PNC Financial Services Group, Inc. (The) | 1,861,252 | ||||
2,559 | Popular, Inc. | 146,912 | ||||
3,146 | Prosperity Bancshares, Inc. | 193,542 | ||||
33,521 | Regions Financial Corp. | 622,150 | ||||
5,173 | Synovus Financial Corp. | 159,484 | ||||
48,355 | Truist Financial Corp. | 1,648,906 | ||||
50,249 | U.S. Bancorp | 1,811,476 | ||||
6,210 | Webster Financial Corp. | 244,798 | ||||
139,410 | Wells Fargo & Co. | 5,211,146 | ||||
1,474 | Western Alliance Bancorp | 52,386 | ||||
2,153 | Wintrust Financial Corp. | 157,061 | ||||
5,290 | Zions Bancorp | 158,330 | ||||
|
|
| ||||
42,449,470 | ||||||
|
|
| ||||
Beverages (1.0%): |
| |||||
62 | Boston Beer Co., Inc. (The), Class A* | 20,379 | ||||
673 | Brown-Forman Corp., Class A | 43,873 | ||||
2,717 | Brown-Forman Corp., Class B | 174,622 | ||||
35,511 | Coca-Cola Co. (The) | 2,202,747 | ||||
5,539 | Constellation Brands, Inc., Class A | 1,251,205 | ||||
30,836 | Keurig Dr Pepper, Inc. | 1,087,894 | ||||
6,290 | Molson Coors Brewing Co., Class B | 325,067 | ||||
1,974 | Monster Beverage Corp.* | 106,616 | ||||
7,824 | PepsiCo, Inc. | 1,426,315 | ||||
|
|
| ||||
6,638,718 | ||||||
|
|
| ||||
Biotechnology (1.8%): |
| |||||
3,076 | Amgen, Inc. | 743,623 | ||||
5,229 | Biogen, Inc.* | 1,453,819 | ||||
6,632 | BioMarin Pharmaceutical, Inc.* | 644,896 | ||||
5,145 | Exact Sciences Corp.* | 348,882 | ||||
1,631 | Exelixis, Inc.* | 31,658 | ||||
45,666 | Gilead Sciences, Inc. | 3,788,908 | ||||
557 | Horizon Therapeutics plc* | 60,791 | ||||
885 | Incyte Corp.* | 63,959 | ||||
498 | Ionis Pharmaceuticals, Inc.* | 17,798 | ||||
1,603 | Mirati Therapeutics, Inc.* | 59,600 | ||||
11,363 | Moderna, Inc.* | 1,745,130 | ||||
243 | Natera, Inc.* | 13,491 | ||||
3,220 | Regeneron Pharmaceuticals, Inc.* | 2,645,777 | ||||
530 | Ultragenyx Pharmaceutical, Inc.* | 21,253 | ||||
1,603 | United Therapeutics Corp.* | 359,008 | ||||
515 | Vertex Pharmaceuticals, Inc.* | 162,261 | ||||
|
|
| ||||
12,160,854 | ||||||
|
|
| ||||
Broadline Retail (0.5%): |
| |||||
5,231 | Dollar Tree, Inc.* | 750,910 | ||||
16,965 | eBay, Inc. | 752,737 | ||||
4,170 | Kohls Corp. | 98,162 | ||||
9,683 | Macys, Inc. | 169,356 | ||||
779 | Nordstrom, Inc. | 12,674 | ||||
2,128 | Ollies Bargain Outlet Holdings, Inc.* | 123,296 |
See accompanying notes to the schedules of portfolio investments.
182
AZL Russell 1000 Value Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Broadline Retail, continued |
| |||||
7,604 | Target Corp. | $ | 1,259,451 | |||
|
|
| ||||
3,166,586 | ||||||
|
|
| ||||
Building Products (0.9%): |
| |||||
3,412 | A O Smith Corp. | 235,940 | ||||
768 | Allegion plc | 81,969 | ||||
687 | Armstrong World Industries, Inc. | 48,942 | ||||
3,997 | AZEK Co., Inc. (The)* | 94,089 | ||||
5,226 | Builders FirstSource, Inc.* | 463,964 | ||||
290 | Carlisle Cos., Inc. | 65,560 | ||||
30,379 | Carrier Global Corp. | 1,389,839 | ||||
3,038 | Fortune Brands Innovations, Inc. | 178,422 | ||||
2,751 | Hayward Holdings, Inc.* | 32,242 | ||||
25,039 | Johnson Controls International plc | 1,507,849 | ||||
1,148 | Lennox International, Inc. | 288,469 | ||||
7,675 | Masco Corp. | 381,601 | ||||
4,188 | Masterbrand, Inc.* | 33,671 | ||||
3,352 | Owens Corning | 321,122 | ||||
3,461 | Trane Technologies plc | 636,755 | ||||
|
|
| ||||
5,760,434 | ||||||
|
|
| ||||
Capital Markets (4.8%): |
| |||||
1,343 | Affiliated Managers Group, Inc. | 191,270 | ||||
1,383 | Ameriprise Financial, Inc. | 423,890 | ||||
26,815 | Bank of New York Mellon Corp. (The) | 1,218,474 | ||||
5,391 | BlackRock, Inc., Class A+ | 3,607,226 | ||||
7,439 | Carlyle Group, Inc. (The) | 231,055 | ||||
3,805 | Cboe Global Markets, Inc. | 510,783 | ||||
24,606 | Charles Schwab Corp. (The) | 1,288,862 | ||||
13,045 | CME Group, Inc. | 2,498,378 | ||||
5,738 | Coinbase Global, Inc.* | 387,717 | ||||
1,310 | Evercore, Inc., Class A | 151,148 | ||||
10,253 | Franklin Resources, Inc. | 276,216 | ||||
11,932 | Goldman Sachs Group, Inc. (The) | 3,903,077 | ||||
3,336 | Interactive Brokers Group, Inc., Class A | 275,420 | ||||
20,072 | Intercontinental Exchange, Inc. | 2,093,309 | ||||
13,417 | Invesco, Ltd. | 220,039 | ||||
4,887 | Janus Henderson Group plc | 130,190 | ||||
7,198 | Jefferies Financial Group, Inc. | 228,465 | ||||
20,920 | KKR & Co., Inc., Class A | 1,098,718 | ||||
2,974 | Lazard, Ltd., Class A | 98,469 | ||||
328 | Moodys Corp. | 100,375 | ||||
44,849 | Morgan Stanley | 3,937,742 | ||||
148 | Morningstar, Inc. | 30,048 | ||||
690 | MSCI, Inc. | 386,186 | ||||
12,357 | Nasdaq, Inc. | 675,557 | ||||
7,387 | Northern Trust Corp. | 651,016 | ||||
6,435 | Raymond James Financial, Inc. | 600,192 | ||||
20,194 | Robinhood Markets, Inc., Class A*^ | 196,084 | ||||
11,693 | S&P Global, Inc. | 4,031,396 | ||||
3,695 | SEI Investments Co. | 212,647 | ||||
12,665 | State Street Corp. | 958,614 | ||||
3,712 | Stifel Financial Corp. | 219,342 | ||||
7,997 | T. Rowe Price Group, Inc. | 902,861 | ||||
1,424 | Tradeweb Markets, Inc., Class A | 112,524 | ||||
3,390 | Virtu Financial, Inc., Class A | 64,071 | ||||
|
|
| ||||
31,911,361 | ||||||
|
|
| ||||
Chemicals (2.7%): |
| |||||
8,053 | Air Products and Chemicals, Inc. | 2,312,902 | ||||
2,040 | Albemarle Corp. | 450,922 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Chemicals, continued |
| |||||
1,820 | Ashland, Inc. | $ | 186,932 | |||
6,006 | Axalta Coating Systems, Ltd.* | 181,922 | ||||
3,892 | Celanese Corp. | 423,800 | ||||
2,137 | Chemours Co. (The) | 63,982 | ||||
26,004 | Corteva, Inc. | 1,568,301 | ||||
25,603 | Dow, Inc. | 1,403,556 | ||||
16,655 | DuPont de Nemours, Inc. | 1,195,329 | ||||
4,297 | Eastman Chemical Co. | 362,409 | ||||
1,044 | Ecolab, Inc. | 172,813 | ||||
8,100 | Element Solutions, Inc. | 156,411 | ||||
2,978 | FMC Corp. | 363,703 | ||||
35,292 | Ginkgo Bioworks Holdings, Inc.* | 46,938 | ||||
6,550 | Huntsman Corp. | 179,208 | ||||
9,390 | International Flavors & Fragrances, Inc. | 863,504 | ||||
14,199 | Linde plc | 5,046,893 | ||||
9,236 | Lyondellbasell Industries NV | 867,168 | ||||
11,095 | Mosaic Co. (The) | 509,039 | ||||
209 | NewMarket Corp. | 76,281 | ||||
4,535 | Olin Corp. | 251,693 | ||||
3,972 | PPG Industries, Inc. | 530,580 | ||||
4,352 | RPM International, Inc. | 379,669 | ||||
954 | Scotts Miracle-Gro Co. (The) | 66,532 | ||||
1,186 | Westlake Corp. | 137,552 | ||||
|
|
| ||||
17,798,039 | ||||||
|
|
| ||||
Commercial Services & Supplies (0.3%): |
| |||||
208 | Cintas Corp. | 96,237 | ||||
1,831 | Clean Harbors, Inc.* | 261,027 | ||||
2,242 | Driven Brands Holdings, Inc.* | 67,955 | ||||
814 | MSA Safety, Inc. | 108,669 | ||||
7,093 | Republic Services, Inc. | 959,115 | ||||
389 | Ritchie Bros Auctioneers, Inc. | 21,897 | ||||
722 | Rollins, Inc. | 27,097 | ||||
3,293 | Stericycle, Inc.* | 143,608 | ||||
1,113 | Tetra Tech, Inc. | 163,511 | ||||
930 | Waste Management, Inc. | 151,748 | ||||
|
|
| ||||
2,000,864 | ||||||
|
|
| ||||
Communications Equipment (1.6%): |
| |||||
5,294 | Ciena Corp.* | 278,041 | ||||
149,502 | Cisco Systems, Inc. | 7,815,217 | ||||
2,139 | F5, Inc.* | 311,631 | ||||
11,483 | Juniper Networks, Inc. | 395,245 | ||||
2,447 | Lumentum Holdings, Inc.* | 132,162 | ||||
5,993 | Motorola Solutions, Inc. | 1,714,777 | ||||
124 | Ubiquiti, Inc. | 33,690 | ||||
2,581 | Viasat, Inc.* | 87,341 | ||||
|
|
| ||||
10,768,104 | ||||||
|
|
| ||||
Construction & Engineering (0.2%): |
| |||||
4,443 | AECOM | 374,634 | ||||
2,190 | MasTec, Inc.* | 206,824 | ||||
7,258 | MDU Resources Group, Inc. | 221,224 | ||||
2,322 | Quanta Services, Inc. | 386,938 | ||||
650 | Valmont Industries, Inc. | 207,532 | ||||
3,420 | WillScot Mobile Mini Holdings Corp.* | 160,329 | ||||
|
|
| ||||
1,557,481 | ||||||
|
|
| ||||
Construction Materials (0.2%): |
| |||||
217 | Eagle Materials, Inc. | 31,845 | ||||
2,094 | Martin Marietta Materials, Inc. | 743,496 |
See accompanying notes to the schedules of portfolio investments.
183
AZL Russell 1000 Value Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Construction Materials, continued |
| |||||
2,436 | Vulcan Materials Co. | $ | 417,920 | |||
|
|
| ||||
1,193,261 | ||||||
|
|
| ||||
Consumer Finance (1.0%): |
| |||||
10,722 | Ally Financial, Inc. | 273,304 | ||||
20,260 | American Express Co. | 3,341,887 | ||||
13,842 | Capital One Financial Corp. | 1,331,047 | ||||
217 | Credit Acceptance Corp.* | 94,621 | ||||
9,684 | Discover Financial Services | 957,166 | ||||
4,124 | OneMain Holdings, Inc. | 152,918 | ||||
8,986 | SLM Corp. | 111,336 | ||||
28,948 | SoFi Technologies, Inc.* | 175,714 | ||||
16,135 | Synchrony Financial | 469,206 | ||||
2,002 | Upstart Holdings, Inc.* | 31,812 | ||||
|
|
| ||||
6,939,011 | ||||||
|
|
| ||||
Consumer Staples Distribution & Retail (1.6%): |
| |||||
8,459 | Albertsons Cos., Inc., Class A | 175,778 | ||||
1,777 | BJs Wholesale Club Holdings, Inc.* | 135,176 | ||||
1,332 | Caseys General Stores, Inc. | 288,325 | ||||
2,935 | Grocery Outlet Holding Corp.* | 82,943 | ||||
23,575 | Kroger Co. (The) | 1,163,898 | ||||
3,776 | Performance Food Group Co.* | 227,844 | ||||
7,251 | US Foods Holding Corp.* | 267,852 | ||||
26,382 | Walgreens Boots Alliance, Inc. | 912,289 | ||||
51,709 | Walmart, Inc. | 7,624,492 | ||||
|
|
| ||||
10,878,597 | ||||||
|
|
| ||||
Containers & Packaging (0.5%): |
| |||||
55,726 | Amcor plc | 634,162 | ||||
2,353 | AptarGroup, Inc. | 278,101 | ||||
3,918 | Ardagh Metal Packaging SA | 15,986 | ||||
1,126 | Avery Dennison Corp. | 201,475 | ||||
6,672 | Ball Corp. | 367,694 | ||||
2,326 | Berry Global Group, Inc. | 137,001 | ||||
492 | Crown Holdings, Inc. | 40,693 | ||||
2,516 | Graphic Packaging Holding Co. | 64,133 | ||||
12,763 | International Paper Co. | 460,234 | ||||
3,279 | Packaging Corp. of America | 455,224 | ||||
3,021 | Silgan Holdings, Inc. | 162,137 | ||||
3,496 | Sonoco Products Co. | 213,256 | ||||
9,107 | Westrock Co. | 277,490 | ||||
|
|
| ||||
3,307,586 | ||||||
|
|
| ||||
Distributors (0.2%): |
| |||||
4,586 | Genuine Parts Co. | 767,284 | ||||
8,983 | LKQ Corp. | 509,875 | ||||
|
|
| ||||
1,277,159 | ||||||
|
|
| ||||
Diversified Consumer Services (0.1%): |
| |||||
7,509 | ADT, Inc. | 54,290 | ||||
1,484 | Bright Horizons Family Solutions, Inc.* | 114,253 | ||||
1,101 | Grand Canyon Education, Inc.* | 125,404 | ||||
1,314 | H&R Block, Inc. | 46,318 | ||||
490 | Mister Car Wash, Inc.* | 4,224 | ||||
5,374 | Service Corp. International | 369,624 | ||||
|
|
| ||||
714,113 | ||||||
|
|
| ||||
Diversified REITs (3.0%): |
| |||||
6,237 | Alexandria Real Estate Equities, Inc. | 783,305 | ||||
11,060 | American Homes 4 Rent, Class A | 347,837 | ||||
9,658 | Americold Realty Trust | 274,770 | ||||
5,077 | AvalonBay Communities, Inc. | 853,241 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Diversified REITs, continued |
| |||||
5,632 | Boston Properties, Inc. | $ | 304,804 | |||
10,501 | Digital Realty Trust, Inc. | 1,032,353 | ||||
13,634 | Equity Residential | 818,040 | ||||
2,336 | Essex Property Trust, Inc. | 488,551 | ||||
2,884 | Federal Realty Investment Trust | 285,026 | ||||
8,773 | Gaming and Leisure Properties, Inc. | 456,722 | ||||
19,378 | Healthpeak Properties, Inc. | 425,735 | ||||
25,438 | Host Hotels & Resorts, Inc. | 419,473 | ||||
4,943 | Hudson Pacific Properties, Inc. | 32,871 | ||||
22,565 | Invitation Homes, Inc. | 704,705 | ||||
21,704 | Kimco Realty Corp. | 423,879 | ||||
4,126 | Mid-America Apartment Communities, Inc. | 623,191 | ||||
33,488 | Prologis, Inc. | 4,178,298 | ||||
22,812 | Realty Income Corp. | 1,444,456 | ||||
6,157 | Regency Centers Corp. | 376,685 | ||||
4,375 | Sun Communities, Inc. | 616,350 | ||||
11,635 | UDR, Inc. | 477,733 | ||||
14,348 | Ventas, Inc. | 621,986 | ||||
36,404 | VICI Properties, Inc. | 1,187,498 | ||||
6,340 | Vornado Realty Trust | 97,446 | ||||
17,276 | Welltower, Inc. | 1,238,516 | ||||
27,097 | Weyerhaeuser Co. | 816,433 | ||||
7,659 | WP Carey, Inc. | 593,189 | ||||
|
|
| ||||
19,923,093 | ||||||
|
|
| ||||
Diversified Telecommunication Services (1.7%): |
| |||||
260,465 | AT&T, Inc. | 5,013,951 | ||||
8,800 | Frontier Communications Parent, Inc.* | 200,376 | ||||
36,915 | Lumen Technologies, Inc. | 97,825 | ||||
152,903 | Verizon Communications, Inc. | 5,946,398 | ||||
|
|
| ||||
11,258,550 | ||||||
|
|
| ||||
Electric Utilities (3.6%): |
| |||||
9,008 | Alliant Energy Corp. | 481,027 | ||||
18,699 | American Electric Power Co., Inc. | 1,701,422 | ||||
2,547 | Avangrid, Inc. | 101,574 | ||||
11,989 | Constellation Energy Corp. | 941,136 | ||||
28,009 | Duke Energy Corp. | 2,702,028 | ||||
13,810 | Edison International | 974,848 | ||||
7,301 | Entergy Corp. | 786,610 | ||||
7,989 | Evergy, Inc. | 488,288 | ||||
12,653 | Eversource Energy | 990,224 | ||||
36,107 | Exelon Corp. | 1,512,522 | ||||
19,525 | FirstEnergy Corp. | 782,172 | ||||
3,909 | Hawaiian Electric Industries, Inc. | 150,106 | ||||
1,808 | IDACORP, Inc. | 195,861 | ||||
72,247 | NextEra Energy, Inc. | 5,568,799 | ||||
7,616 | NRG Energy, Inc. | 261,153 | ||||
7,175 | OGE Energy Corp. | 270,210 | ||||
59,842 | PG&E Corp.* | 967,645 | ||||
4,056 | Pinnacle West Capital Corp. | 321,397 | ||||
26,510 | PPL Corp. | 736,713 | ||||
39,556 | Southern Co. (The) | 2,752,306 | ||||
19,911 | Xcel Energy, Inc. | 1,342,798 | ||||
|
|
| ||||
24,028,839 | ||||||
|
|
| ||||
Electrical Equipment (1.1%): |
| |||||
1,152 | Acuity Brands, Inc. | 210,505 | ||||
8,425 | AMETEK, Inc. | 1,224,405 | ||||
14,519 | Eaton Corp. plc | 2,487,685 | ||||
14,055 | Emerson Electric Co. | 1,224,753 |
See accompanying notes to the schedules of portfolio investments.
184
AZL Russell 1000 Value Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Electrical Equipment, continued |
| |||||
1,924 | Hubbell, Inc. | $ | 468,128 | |||
5,935 | nVent Electric plc | 254,849 | ||||
9,388 | Plug Power, Inc.* | 110,027 | ||||
2,377 | Regal Rexnord Corp. | 334,515 | ||||
1,342 | Rockwell Automation, Inc. | 393,810 | ||||
5,433 | Sensata Technologies Holding plc | 271,759 | ||||
7,484 | Sunrun, Inc.* | 150,803 | ||||
9,184 | Vertiv Holdings Co. | 131,423 | ||||
|
|
| ||||
7,262,662 | ||||||
|
|
| ||||
Electronic Equipment, Instruments & Components (0.7%): |
| |||||
5,178 | Amphenol Corp., Class A | 423,146 | ||||
2,091 | Arrow Electronics, Inc.* | 261,103 | ||||
3,267 | Avnet, Inc. | 147,668 | ||||
655 | Cognex Corp. | 32,455 | ||||
3,590 | Coherent Corp.* | 136,707 | ||||
25,138 | Corning, Inc. | 886,869 | ||||
1,171 | IPG Photonics Corp. | 144,396 | ||||
869 | Jabil, Inc. | 76,611 | ||||
477 | Keysight Technologies, Inc.* | 77,026 | ||||
869 | Littelfuse, Inc. | 232,970 | ||||
4,088 | National Instruments Corp. | 214,252 | ||||
1,678 | TD SYNNEX Corp. | 162,414 | ||||
1,664 | Teledyne Technologies, Inc.* | 744,407 | ||||
8,847 | Trimble, Inc.* | 463,760 | ||||
2,138 | Vontier Corp. | 58,453 | ||||
1,094 | Zebra Technologies Corp., Class A* | 347,892 | ||||
|
|
| ||||
4,410,129 | ||||||
|
|
| ||||
Energy Equipment & Services (0.6%): |
| |||||
34,507 | Baker Hughes Co. | 995,872 | ||||
17,664 | Halliburton Co. | 558,889 | ||||
14,063 | NOV, Inc. | 260,306 | ||||
51,379 | Schlumberger, Ltd. | 2,522,709 | ||||
|
|
| ||||
4,337,776 | ||||||
|
|
| ||||
Entertainment (2.1%): |
| |||||
28,251 | Activision Blizzard, Inc. | 2,418,003 | ||||
18,570 | AMC Entertainment Holdings, Inc., Class A*^ | 93,036 | ||||
9,309 | Electronic Arts, Inc. | 1,121,269 | ||||
630 | Liberty Media Corp-Liberty Formula One, Class A* | 42,525 | ||||
6,403 | Liberty Media Corp-Liberty Formula One, Class C* | 479,137 | ||||
2,802 | Live Nation Entertainment, Inc.* | 196,140 | ||||
339 | Madison Square Garden Sports Corp., Class A | 66,054 | ||||
8,743 | Netflix, Inc.* | 3,020,532 | ||||
3,137 | Roku, Inc.* | 206,477 | ||||
1,010 | Take-Two Interactive Software, Inc.* | 120,493 | ||||
61,844 | Walt Disney Co. (The)* | 6,192,440 | ||||
22,554 | Warner Bros Discovery, Inc.* | 340,565 | ||||
|
|
| ||||
14,296,671 | ||||||
|
|
| ||||
Financial Services (3.2%): |
| |||||
4,136 | Apollo Global Management, Inc. | 261,230 | ||||
65,567 | Berkshire Hathaway, Inc., Class B* | 20,245,123 | ||||
13,245 | Equitable Holdings, Inc. | 336,290 | ||||
10,612 | MGIC Investment Corp. | 142,413 | ||||
2,385 | Rocket Cos., Inc., Class A* | 21,608 | ||||
2,177 | TFS Financial Corp. | 27,495 | ||||
3,497 | Voya Financial, Inc. | 249,896 | ||||
|
|
| ||||
21,284,055 | ||||||
|
|
|
Shares | Value | |||||
Common Stocks, continued |
| |||||
Food Products (2.0%): |
| |||||
19,913 | Archer-Daniels-Midland Co. | $ | 1,586,270 | |||
4,971 | Bunge, Ltd. | 474,830 | ||||
6,966 | Campbell Soup Co. | 382,991 | ||||
16,932 | Conagra Brands, Inc. | 635,966 | ||||
5,352 | Darling Ingredients, Inc.* | 312,557 | ||||
6,734 | Flowers Foods, Inc. | 184,579 | ||||
720 | Freshpet, Inc.* | 47,657 | ||||
21,422 | General Mills, Inc. | 1,830,724 | ||||
698 | Hershey Co. (The) | 177,578 | ||||
10,303 | Hormel Foods Corp. | 410,884 | ||||
2,355 | Ingredion, Inc. | 239,574 | ||||
3,838 | JM Smucker Co. (The) | 603,986 | ||||
4,142 | Kellogg Co. | 277,348 | ||||
25,405 | Kraft Heinz Co. (The) | 982,411 | ||||
9,009 | McCormick & Co. | 749,639 | ||||
49,598 | Mondelez International, Inc., Class A | 3,457,973 | ||||
925 | Pilgrims Pride Corp.* | 21,441 | ||||
1,965 | Post Holdings, Inc.* | 176,594 | ||||
13 | Seaboard Corp. | 49,010 | ||||
10,101 | Tyson Foods, Inc., Class A | 599,191 | ||||
|
|
| ||||
13,201,203 | ||||||
|
|
| ||||
Gas Utilities (0.1%): |
| |||||
5,138 | Atmos Energy Corp. | 577,306 | ||||
2,894 | National Fuel Gas Co. | 167,099 | ||||
7,522 | UGI Corp. | 261,465 | ||||
|
|
| ||||
1,005,870 | ||||||
|
|
| ||||
Ground Transportation (0.8%): |
| |||||
918 | Avis Budget Group, Inc.* | 178,826 | ||||
57,148 | CSX Corp. | 1,711,011 | ||||
6,783 | Hertz Global Holdings, Inc.* | 110,495 | ||||
312 | JB Hunt Transport Services, Inc. | 54,744 | ||||
5,605 | Knight-Swift Transportation Holdings, Inc. | 317,131 | ||||
226 | Landstar System, Inc. | 40,513 | ||||
3,464 | Lyft, Inc., Class A* | 32,111 | ||||
8,259 | Norfolk Southern Corp. | 1,750,908 | ||||
3,398 | RXO, Inc.* | 66,737 | ||||
1,745 | Ryder System, Inc. | 155,724 | ||||
1,941 | Schneider National, Inc., Class B | 51,922 | ||||
9,250 | Uber Technologies, Inc.* | 293,225 | ||||
2,910 | U-Haul Holding Co. | 150,883 | ||||
471 | U-Haul Holding Co. | 28,095 | ||||
3,398 | XPO Logistics, Inc.* | 108,396 | ||||
|
|
| ||||
5,050,721 | ||||||
|
|
| ||||
Health Care Equipment & Supplies (3.5%): |
| |||||
54,147 | Abbott Laboratories | 5,482,925 | ||||
705 | Align Technology, Inc.* | 235,569 | ||||
15,284 | Baxter International, Inc. | 619,919 | ||||
10,329 | Becton Dickinson and Co. | 2,556,841 | ||||
51,904 | Boston Scientific Corp.* | 2,596,757 | ||||
1,806 | Cooper Cos., Inc. (The) | 674,288 | ||||
7,699 | DENTSPLY SIRONA, Inc. | 302,417 | ||||
1,819 | Enovis Corp.* | 97,298 | ||||
5,848 | Envista Holdings Corp.* | 239,066 | ||||
12,655 | GE HealthCare Technologies, Inc.* | 1,038,090 | ||||
2,560 | Globus Medical, Inc.* | 144,998 | ||||
8,829 | Hologic, Inc.* | 712,500 | ||||
590 | ICU Medical, Inc.* | 97,326 | ||||
2,602 | Integra LifeSciences Holdings Corp.* | 149,381 |
See accompanying notes to the schedules of portfolio investments.
185
AZL Russell 1000 Value Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Health Care Equipment & Supplies, continued |
| |||||
1,001 | Intuitive Surgical, Inc.* | $ | 255,725 | |||
390 | Masimo Corp.* | 71,971 | ||||
48,624 | Medtronic plc | 3,920,067 | ||||
1,752 | QuidelOrtho Corp.* | 156,086 | ||||
3,586 | STERIS plc | 685,930 | ||||
5,943 | Stryker Corp. | 1,696,548 | ||||
139 | Tandem Diabetes Care, Inc.* | 5,645 | ||||
1,686 | Teleflex, Inc. | 427,081 | ||||
7,702 | Zimmer Biomet Holdings, Inc. | 995,098 | ||||
|
|
| ||||
23,161,526 | ||||||
|
|
| ||||
Health Care Providers & Services (2.9%): |
| |||||
3,200 | Acadia Healthcare Co., Inc.* | 231,200 | ||||
836 | agilon health, Inc.* | 19,855 | ||||
1,149 | Amedisys, Inc.* | 84,509 | ||||
9,417 | Cardinal Health, Inc. | 710,984 | ||||
19,895 | Centene Corp.* | 1,257,563 | ||||
338 | Chemed Corp. | 181,759 | ||||
8,956 | Cigna Group (The) | 2,288,527 | ||||
46,651 | CVS Health Corp. | 3,466,636 | ||||
6,103 | Elevance Health, Inc. | 2,806,220 | ||||
3,519 | Encompass Health Corp. | 190,378 | ||||
2,608 | Enhabit, Inc.* | 36,277 | ||||
7,369 | HCA Healthcare, Inc. | 1,943,058 | ||||
4,858 | Henry Schein, Inc.* | 396,121 | ||||
1,337 | Humana, Inc. | 649,060 | ||||
3,183 | Laboratory Corp. of America Holdings | 730,244 | ||||
4,003 | McKesson Corp. | 1,425,268 | ||||
461 | Molina Healthcare, Inc.* | 123,313 | ||||
4,186 | Oak Street Health, Inc.* | 161,914 | ||||
4,230 | Premier, Inc., Class A | 136,925 | ||||
4,079 | Quest Diagnostics, Inc. | 577,097 | ||||
3,819 | Tenet Healthcare Corp.* | 226,925 | ||||
3,071 | UnitedHealth Group, Inc. | 1,451,324 | ||||
2,229 | Universal Health Services, Inc., Class B | 283,306 | ||||
|
|
| ||||
19,378,463 | ||||||
|
|
| ||||
Health Care REITs (0.1%): |
| |||||
13,623 | Healthcare Realty Trust, Inc. | 263,332 | ||||
21,340 | Medical Properties Trust, Inc. | 175,415 | ||||
8,444 | Omega Healthcare Investors, Inc. | 231,450 | ||||
|
|
| ||||
670,197 | ||||||
|
|
| ||||
Health Care Technology (0.0%): |
| |||||
1,478 | Certara, Inc.* | 35,635 | ||||
1,751 | Definitive Healthcare Corp.* | 18,088 | ||||
2,123 | Doximity, Inc., Class A* | 68,743 | ||||
5,216 | Teladoc Health, Inc.* | 135,094 | ||||
|
|
| ||||
257,560 | ||||||
|
|
| ||||
Hotel & Resort REITs (0.0%): |
| |||||
8,008 | Park Hotels & Resorts, Inc. | 98,979 | ||||
|
|
| ||||
Hotels, Restaurants & Leisure (2.1%): |
| |||||
8,330 | Aramark | 298,214 | ||||
2,743 | Boyd Gaming Corp. | 175,881 | ||||
2,315 | Caesars Entertainment, Inc.* | 112,995 | ||||
35,056 | Carnival Corp., Class A* | 355,818 | ||||
1,188 | Darden Restaurants, Inc. | 184,330 | ||||
341 | Dominos Pizza, Inc. | 112,486 | ||||
1,033 | DoorDash, Inc., Class A* | 65,657 | ||||
2,652 | Hilton Worldwide Holdings, Inc. | 373,587 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Hotels, Restaurants & Leisure, continued |
| |||||
1,701 | Hyatt Hotels Corp., Class A* | $ | 190,155 | |||
7,453 | Las Vegas Sands Corp.* | 428,175 | ||||
1,344 | Marriott Vacations Worldwide Corp. | 181,252 | ||||
20,352 | McDonalds Corp. | 5,690,623 | ||||
11,526 | MGM Resorts International | 511,985 | ||||
13,915 | Norwegian Cruise Line Holdings, Ltd.* | 187,157 | ||||
5,550 | Penn Entertainment, Inc.* | 164,613 | ||||
789 | Planet Fitness, Inc., Class A* | 61,282 | ||||
8,205 | Royal Caribbean Cruises, Ltd.* | 535,787 | ||||
1,662 | Six Flags Entertainment Corp.* | 44,392 | ||||
26,698 | Starbucks Corp. | 2,780,063 | ||||
1,055 | Travel + Leisure Co. | 41,356 | ||||
128 | Vail Resorts, Inc. | 29,911 | ||||
931 | Wyndham Hotels & Resorts, Inc. | 63,168 | ||||
3,273 | Wynn Resorts, Ltd.* | 366,281 | ||||
8,973 | Yum! Brands, Inc. | 1,185,154 | ||||
|
|
| ||||
14,140,322 | ||||||
|
|
| ||||
Household Durables (0.6%): |
| |||||
5,398 | DR Horton, Inc. | 527,331 | ||||
5,745 | Garmin, Ltd. | 579,785 | ||||
4,781 | Leggett & Platt, Inc. | 152,418 | ||||
9,214 | Lennar Corp., Class A | 968,484 | ||||
547 | Lennar Corp., Class B | 48,853 | ||||
1,890 | Mohawk Industries, Inc.* | 189,416 | ||||
13,564 | Newell Brands, Inc. | 168,736 | ||||
29 | NVR, Inc.* | 161,593 | ||||
4,960 | PulteGroup, Inc. | 289,069 | ||||
6,038 | Tempur Sealy International, Inc. | 238,441 | ||||
1,839 | Toll Brothers, Inc. | 110,395 | ||||
242 | TopBuild Corp.* | 50,370 | ||||
1,916 | Whirlpool Corp. | 252,950 | ||||
|
|
| ||||
3,737,841 | ||||||
|
|
| ||||
Household Products (1.4%): |
| |||||
4,773 | Church & Dwight Co., Inc. | 421,981 | ||||
757 | Clorox Co. (The) | 119,788 | ||||
11,473 | Colgate-Palmolive Co. | 862,196 | ||||
4,980 | Kimberly-Clark Corp. | 668,416 | ||||
49,292 | Procter & Gamble Co. (The) | 7,329,227 | ||||
2,363 | Reynolds Consumer Products, Inc. | 64,982 | ||||
1,432 | Spectrum Brands Holdings, Inc. | 94,827 | ||||
|
|
| ||||
9,561,417 | ||||||
|
|
| ||||
Independent Power and Renewable Electricity Producers (0.1%): |
| |||||
19,660 | AES Corp. (The) | 473,413 | ||||
4,588 | Brookfield Renewable Corp., Class A | 160,350 | ||||
5,971 | Vistra Corp. | 143,304 | ||||
|
|
| ||||
777,067 | ||||||
|
|
| ||||
Industrial Conglomerates (1.3%): |
| |||||
20,053 | 3M Co. | 2,107,771 | ||||
37,180 | General Electric Co. | 3,554,408 | ||||
17,309 | Honeywell International, Inc. | 3,308,096 | ||||
|
|
| ||||
8,970,275 | ||||||
|
|
| ||||
Industrial REITs (0.1%): |
| |||||
1,478 | EastGroup Properties, Inc. | 244,343 | ||||
4,733 | First Industrial Realty Trust, Inc. | 251,796 | ||||
6,599 | Rexford Industrial Realty, Inc. | 393,630 | ||||
|
|
| ||||
889,769 | ||||||
|
|
|
See accompanying notes to the schedules of portfolio investments.
186
AZL Russell 1000 Value Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Insurance (3.3%): |
| |||||
22,104 | Aflac, Inc. | $ | 1,426,150 | |||
9,667 | Allstate Corp. (The) | 1,071,200 | ||||
2,418 | American Financial Group, Inc. | 293,787 | ||||
27,080 | American International Group, Inc. | 1,363,749 | ||||
427 | Aon plc, Class A | 134,629 | ||||
8,689 | Arch Capital Group, Ltd.* | 589,722 | ||||
6,733 | Arthur J. Gallagher & Co. | 1,288,090 | ||||
1,795 | Assurant, Inc. | 215,526 | ||||
2,070 | Assured Guaranty, Ltd. | 104,059 | ||||
2,796 | Axis Capital Holdings, Ltd. | 152,438 | ||||
2,465 | Brighthouse Financial, Inc.* | 108,731 | ||||
7,849 | Brown & Brown, Inc. | 450,690 | ||||
15,118 | Chubb, Ltd. | 2,935,613 | ||||
5,509 | Cincinnati Financial Corp. | 617,449 | ||||
980 | CNA Financial Corp. | 38,249 | ||||
234 | Erie Indemnity Co., Class A | 54,208 | ||||
966 | Everest Re Group, Ltd. | 345,847 | ||||
901 | F&G Annuities & Life, Inc. | 16,326 | ||||
9,334 | Fidelity National Financial, Inc. | 326,037 | ||||
3,625 | First American Financial Corp. | 201,768 | ||||
3,213 | Globe Life, Inc. | 353,494 | ||||
1,272 | Hanover Insurance Group, Inc. (The) | 163,452 | ||||
11,686 | Hartford Financial Services Group, Inc. (The) | 814,397 | ||||
2,282 | Kemper Corp. | 124,734 | ||||
4,835 | Lincoln National Corp. | 108,643 | ||||
7,059 | Loews Corp. | 409,563 | ||||
370 | Markel Corp.* | 472,642 | ||||
1,906 | Marsh & McLennan Cos., Inc. | 317,444 | ||||
24,026 | MetLife, Inc. | 1,392,067 | ||||
10,032 | Old Republic International Corp. | 250,499 | ||||
1,317 | Primerica, Inc. | 226,840 | ||||
8,703 | Principal Financial Group, Inc. | 646,807 | ||||
2,730 | Progressive Corp. (The) | 390,554 | ||||
13,237 | Prudential Financial, Inc. | 1,095,229 | ||||
2,401 | Reinsurance Group of America, Inc. | 318,757 | ||||
701 | RenaissanceRe Holdings, Ltd. | 140,438 | ||||
8,507 | Travelers Cos., Inc. (The) | 1,458,185 | ||||
7,120 | Unum Group | 281,667 | ||||
90 | White Mountains Insurance Group, Ltd. | 123,974 | ||||
3,912 | Willis Towers Watson plc | 909,071 | ||||
7,708 | WR Berkley Corp. | 479,900 | ||||
|
|
| ||||
22,212,625 | ||||||
|
|
| ||||
Interactive Media & Services (2.9%): |
| |||||
28,448 | Alphabet, Inc., Class A* | 2,950,911 | ||||
24,714 | Alphabet, Inc., Class C* | 2,570,256 | ||||
2,761 | IAC/InterActiveCorp.* | 142,468 | ||||
984 | Match Group, Inc.* | 37,776 | ||||
63,645 | Meta Platforms, Inc., Class A* | 13,488,921 | ||||
16,512 | Pinterest, Inc., Class A* | 450,282 | ||||
3,372 | TripAdvisor, Inc.* | 66,968 | ||||
|
|
| ||||
19,707,582 | ||||||
|
|
| ||||
IT Services (2.2%): |
| |||||
7,710 | Affirm Holdings, Inc.*^ | 86,892 | ||||
5,566 | Akamai Technologies, Inc.* | 435,818 | ||||
4,341 | Amdocs, Ltd. | 416,866 | ||||
1,232 | Automatic Data Processing, Inc. | 274,280 | ||||
19,489 | Block, Inc.* | 1,337,920 | ||||
491 | Broadridge Financial Solutions, Inc. | 71,966 | ||||
18,772 | Cognizant Technology Solutions Corp., Class A | 1,143,778 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
IT Services, continued |
| |||||
1,527 | Concentrix Corp. | $ | 185,607 | |||
8,265 | DXC Technology Co.* | 211,253 | ||||
417 | Euronet Worldwide, Inc.* | 46,662 | ||||
21,647 | Fidelity National Information Services, Inc. | 1,176,082 | ||||
19,466 | Fiserv, Inc.* | 2,200,242 | ||||
3,062 | Genpact, Ltd. | 141,526 | ||||
9,480 | Global Payments, Inc. | 997,675 | ||||
4,847 | GoDaddy, Inc., Class A* | 376,709 | ||||
10,905 | International Business Machines Corp. | 1,429,536 | ||||
7,343 | Kyndryl Holdings, Inc.* | 108,383 | ||||
4,697 | Okta, Inc.* | 405,069 | ||||
28,691 | PayPal Holdings, Inc.* | 2,178,795 | ||||
706 | Snowflake, Inc., Class A* | 108,929 | ||||
3,893 | Twilio, Inc., Class A* | 259,391 | ||||
3,079 | VeriSign, Inc.* | 650,685 | ||||
8,210 | Western Union Co. (The.) | 91,541 | ||||
405 | WEX, Inc.* | 74,475 | ||||
423 | Wix.com, Ltd.* | 42,215 | ||||
|
|
| ||||
14,452,295 | ||||||
|
|
| ||||
Leisure Products (0.1%): |
| |||||
2,144 | Brunswick Corp. | 175,808 | ||||
4,721 | Hasbro, Inc. | 253,470 | ||||
6,543 | Mattel, Inc.* | 120,457 | ||||
11,074 | Peloton Interactive, Inc., Class A* | 125,579 | ||||
512 | Polaris, Inc. | 56,643 | ||||
|
|
| ||||
731,957 | ||||||
|
|
| ||||
Life Sciences Tools & Services (2.4%): |
| |||||
421 | 10X Genomics, Inc., Class A* | 23,488 | ||||
1,084 | Agilent Technologies, Inc. | 149,961 | ||||
1,469 | Avantor, Inc.* | 31,055 | ||||
2,661 | Azenta, Inc.* | 118,734 | ||||
768 | Bio-Rad Laboratories, Inc., Class A* | 367,887 | ||||
121 | Charles River Laboratories International, Inc.* | 24,420 | ||||
21,948 | Danaher Corp. | 5,531,774 | ||||
5,661 | Illumina, Inc.* | 1,316,466 | ||||
4,694 | PerkinElmer, Inc. | 625,522 | ||||
8,151 | Qiagen NV* | 374,375 | ||||
572 | Repligen Corp.* | 96,302 | ||||
3,037 | Syneos Health, Inc.* | 108,178 | ||||
12,498 | Thermo Fisher Scientific, Inc. | 7,203,472 | ||||
|
|
| ||||
15,971,634 | ||||||
|
|
| ||||
Machinery (2.0%): |
| |||||
1,936 | AGCO Corp. | 261,747 | ||||
799 | Allison Transmission Holdings, Inc. | 36,147 | ||||
2,498 | Caterpillar, Inc. | 571,642 | ||||
1,690 | Crane Holdings Co. | 191,815 | ||||
5,145 | Cummins, Inc. | 1,229,038 | ||||
3,687 | Donaldson Co., Inc. | 240,909 | ||||
5,032 | Dover Corp. | 764,562 | ||||
1,821 | Esab Corp. | 107,566 | ||||
4,678 | Flowserve Corp. | 159,052 | ||||
13,025 | Fortive Corp. | 887,914 | ||||
3,877 | Gates Industrial Corp. plc* | 53,852 | ||||
1,894 | Graco, Inc. | 138,281 | ||||
2,244 | IDEX Corp. | 518,431 | ||||
1,110 | Illinois Tool Works, Inc. | 270,230 | ||||
14,939 | Ingersoll-Rand, Inc. | 869,151 | ||||
3,000 | ITT, Inc. | 258,900 |
See accompanying notes to the schedules of portfolio investments.
187
AZL Russell 1000 Value Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Machinery, continued |
| |||||
1,789 | Middleby Corp. (The)* | $ | 262,285 | |||
1,574 | Nordson Corp. | 349,837 | ||||
2,359 | Oshkosh Corp. | 196,222 | ||||
13,392 | Otis Worldwide Corp. | 1,130,285 | ||||
18,602 | PACCAR, Inc. | 1,361,666 | ||||
3,613 | Parker-Hannifin Corp. | 1,214,365 | ||||
5,912 | Pentair PLC | 326,756 | ||||
1,889 | Snap-On, Inc. | 466,375 | ||||
5,306 | Stanley Black & Decker, Inc. | 427,558 | ||||
2,197 | Timken Co. | 179,539 | ||||
6,505 | Westinghouse Air Brake Technologies Corp. | 657,395 | ||||
5,733 | Xylem, Inc. | 600,245 | ||||
|
|
| ||||
13,731,765 | ||||||
|
|
| ||||
Marine Transportation (0.0%): |
| |||||
2,145 | Kirby Corp.* | 149,506 | ||||
|
|
| ||||
Media (1.4%): |
| |||||
11,298 | Altice USA, Inc., Class A* | 38,639 | ||||
80 | Cable One, Inc. | 56,160 | ||||
152,026 | Comcast Corp., Class A | 5,763,306 | ||||
9,003 | DISH Network Corp., Class A* | 83,998 | ||||
10,678 | Fox Corp., Class A | 363,586 | ||||
5,118 | Fox Corp., Class B | 160,245 | ||||
13,944 | Interpublic Group of Cos., Inc. (The) | 519,275 | ||||
335 | Liberty Broadband Corp., Class A* | 27,510 | ||||
2,292 | Liberty Broadband Corp., Class C* | 187,256 | ||||
4,015 | Liberty Media Corp.-Liberty SiriusXM, Class C* | 112,380 | ||||
1,947 | Liberty Media Corp-Liberty SiriusXM, Class A* | 54,691 | ||||
5,835 | New York Times Co. (The), Class A | 226,865 | ||||
13,649 | News Corp., Class A | 235,718 | ||||
4,252 | News Corp., Class B | 74,112 | ||||
1,184 | Nexstar Media Group, Inc. | 204,429 | ||||
7,312 | Omnicom Group, Inc. | 689,814 | ||||
821 | Paramount Global, Class A^ | 21,215 | ||||
20,724 | Paramount Global, Class B | 462,352 | ||||
25,216 | Sirius XM Holdings, Inc. | 100,108 | ||||
|
|
| ||||
9,381,659 | ||||||
|
|
| ||||
Metals & Mining (1.1%): |
| |||||
6,352 | Alcoa Corp. | 270,341 | ||||
18,361 | Cleveland-Cliffs, Inc.* | 336,557 | ||||
51,841 | Freeport-McMoRan, Inc. | 2,120,815 | ||||
29,043 | Newmont Corp. | 1,423,688 | ||||
9,334 | Nucor Corp. | 1,441,823 | ||||
2,098 | Reliance Steel & Aluminum Co. | 538,641 | ||||
2,202 | Royal Gold, Inc. | 285,621 | ||||
1,050 | Southern Copper Corp. | 80,063 | ||||
7,402 | SSR Mining, Inc. | 111,918 | ||||
6,137 | Steel Dynamics, Inc. | 693,849 | ||||
8,340 | United States Steel Corp. | 217,674 | ||||
|
|
| ||||
7,520,990 | ||||||
|
|
| ||||
Mortgage Real Estate Investment Trusts (REITs) (0.1%): |
| |||||
20,499 | AGNC Investment Corp. | 206,630 | ||||
16,795 | Annaly Capital Management, Inc. | 320,952 | ||||
15,555 | New Residential Investment Corp. | 124,440 | ||||
10,494 | Starwood Property Trust, Inc.^ | 185,639 | ||||
|
|
| ||||
837,661 | ||||||
|
|
| ||||
Multi-Utilities (1.5%): |
| |||||
9,257 | Ameren Corp. | 799,712 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Multi-Utilities, continued |
| |||||
22,646 | CenterPoint Energy, Inc. | $ | 667,151 | |||
10,405 | CMS Energy Corp. | 638,659 | ||||
12,973 | Consolidated Edison, Inc. | 1,241,127 | ||||
30,272 | Dominion Energy, Inc. | 1,692,508 | ||||
6,938 | DTE Energy Co. | 759,989 | ||||
14,591 | NiSource, Inc. | 407,964 | ||||
18,241 | Public Service Enterprise Group, Inc. | 1,139,150 | ||||
11,441 | Sempra Energy | 1,729,422 | ||||
11,471 | WEC Energy Group, Inc. | 1,087,336 | ||||
|
|
| ||||
10,163,018 | ||||||
|
|
| ||||
Office REITs (0.1%): |
| |||||
5,426 | Cousins Properties, Inc. | 116,008 | ||||
6,073 | Douglas Emmett, Inc. | 74,880 | ||||
3,732 | Highwoods Properties, Inc. | 86,545 | ||||
3,839 | JBG SMITH Properties | 57,815 | ||||
4,176 | Kilroy Realty Corp. | 135,303 | ||||
2,300 | SL Green Realty Corp. | 54,096 | ||||
|
|
| ||||
524,647 | ||||||
|
|
| ||||
Oil, Gas & Consumable Fuels (7.3%): |
| |||||
12,081 | Antero Midstream Corp. | 126,730 | ||||
3,556 | Antero Resources Corp.* | 82,108 | ||||
11,512 | APA Corp. | 415,123 | ||||
3,932 | Cheniere Energy, Inc. | 619,683 | ||||
4,352 | Chesapeake Energy Corp. | 330,926 | ||||
70,359 | Chevron Corp. | 11,479,774 | ||||
44,491 | ConocoPhillips | 4,413,952 | ||||
23,873 | Coterra Energy, Inc. | 585,843 | ||||
11,947 | Devon Energy Corp. | 604,638 | ||||
2,707 | Diamondback Energy, Inc. | 365,905 | ||||
3,482 | DT Midstream, Inc. | 171,906 | ||||
5,659 | EOG Resources, Inc. | 648,691 | ||||
13,243 | EQT Corp. | 422,584 | ||||
149,736 | Exxon Mobil Corp. | 16,420,050 | ||||
2,196 | Hess Corp. | 290,619 | ||||
4,847 | HF Sinclair Corp. | 234,498 | ||||
72,588 | Kinder Morgan, Inc. | 1,271,016 | ||||
23,556 | Marathon Oil Corp. | 564,402 | ||||
16,469 | Marathon Petroleum Corp. | 2,220,515 | ||||
4,967 | Occidental Petroleum Corp. | 310,090 | ||||
14,473 | ONEOK, Inc. | 919,614 | ||||
2,576 | Ovintiv, Inc. | 92,942 | ||||
1,464 | PDC Energy, Inc. | 93,960 | ||||
16,926 | Phillips 66 | 1,715,958 | ||||
3,944 | Pioneer Natural Resources Co. | 805,523 | ||||
2,832 | Range Resources Corp. | 74,963 | ||||
36,730 | Southwestern Energy Co.* | 183,650 | ||||
13,686 | Valero Energy Corp. | 1,910,566 | ||||
1,174 | Vitesse Energy, Inc. | 22,341 | ||||
44,454 | Williams Cos., Inc. | 1,327,396 | ||||
|
|
| ||||
48,725,966 | ||||||
|
|
| ||||
Paper & Forest Products (0.0%): |
| |||||
2,306 | Louisiana-Pacific Corp. | 125,008 | ||||
|
|
| ||||
Passenger Airlines (0.3%): |
| |||||
4,445 | Alaska Air Group, Inc.* | 186,512 | ||||
23,208 | American Airlines Group, Inc.* | 342,318 | ||||
1,031 | Copa Holdings SA, Class A* | 95,213 | ||||
11,524 | JetBlue Airways Corp.* | 83,895 | ||||
21,882 | Southwest Airlines Co. | 712,040 |
See accompanying notes to the schedules of portfolio investments.
188
AZL Russell 1000 Value Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Passenger Airlines, continued |
| |||||
11,721 | United Airlines Holdings, Inc.* | $ | 518,654 | |||
|
|
| ||||
1,938,632 | ||||||
|
|
| ||||
Personal Care Products (0.0%): |
| |||||
12,626 | Coty, Inc., Class A* | 152,270 | ||||
|
|
| ||||
Pharmaceuticals (5.7%): |
| |||||
77,477 | Bristol-Myers Squibb Co. | 5,369,931 | ||||
4,379 | Catalent, Inc.* | 287,744 | ||||
16,000 | Elanco Animal Health, Inc.* | 150,400 | ||||
5,701 | Eli Lilly & Co. | 1,957,837 | ||||
2,212 | Jazz Pharmaceuticals plc* | 323,682 | ||||
95,616 | Johnson & Johnson | 14,820,480 | ||||
53,469 | Merck & Co., Inc. | 5,688,567 | ||||
9,131 | Organon & Co. | 214,761 | ||||
4,825 | Perrigo Co. plc | 173,073 | ||||
205,615 | Pfizer, Inc. | 8,389,092 | ||||
13,366 | Royalty Pharma plc, Class A | 481,577 | ||||
43,545 | Viatris, Inc. | 418,903 | ||||
|
|
| ||||
38,276,047 | ||||||
|
|
| ||||
Professional Services (0.6%): |
| |||||
832 | CACI International, Inc., Class A* | 246,505 | ||||
16,961 | Clarivate plc* | 159,264 | ||||
12,711 | CoStar Group, Inc.* | 875,152 | ||||
9,034 | Dun & Bradstreet Holdings, Inc. | 106,059 | ||||
2,184 | Equifax, Inc. | 443,003 | ||||
702 | FTI Consulting, Inc.* | 138,540 | ||||
4,571 | Jacobs Solutions, Inc. | 537,138 | ||||
1,724 | KBR, Inc. | 94,906 | ||||
4,895 | Leidos Holdings, Inc. | 450,634 | ||||
1,805 | ManpowerGroup, Inc. | 148,967 | ||||
485 | Robert Half International, Inc. | 39,076 | ||||
1,975 | Science Applications International Corp. | 212,234 | ||||
7,928 | SS&C Technologies Holdings, Inc. | 447,694 | ||||
1,846 | TransUnion | 114,710 | ||||
|
|
| ||||
4,013,882 | ||||||
|
|
| ||||
Real Estate (0.0%): |
| |||||
6,914 | WeWork, Inc.* | 5,374 | ||||
|
|
| ||||
Real Estate Management & Development (0.2%): |
| |||||
5,800 | CBRE Group, Inc., Class A* | 422,298 | ||||
1,316 | Howard Hughes Corp. (The)* | 105,280 | ||||
1,715 | Jones Lang LaSalle, Inc.* | 249,515 | ||||
14,363 | Opendoor Technologies, Inc.* | 25,279 | ||||
1,901 | Zillow Group, Inc., Class A* | 83,074 | ||||
5,326 | Zillow Group, Inc., Class C* | 236,847 | ||||
|
|
| ||||
1,122,293 | ||||||
|
|
| ||||
Residential REITs (0.1%): |
| |||||
4,943 | Apartment Income REIT Corp. | 177,009 | ||||
3,412 | Camden Property Trust | 357,714 | ||||
2,470 | Equity Lifestyle Properties, Inc. | 165,811 | ||||
|
|
| ||||
700,534 | ||||||
|
|
| ||||
Retail REITs (0.2%): |
| |||||
10,717 | Brixmor Property Group, Inc. | 230,630 | ||||
6,405 | National Retail Properties, Inc. | 282,780 | ||||
6,207 | Simon Property Group, Inc. | 694,998 | ||||
5,000 | Spirit Realty Capital, Inc. | 199,200 | ||||
|
|
| ||||
1,407,608 | ||||||
|
|
|
Shares | Value | |||||
Common Stocks, continued |
| |||||
Semiconductors & Semiconductor Equipment (2.6%): |
| |||||
12,457 | Advanced Micro Devices, Inc.* | $ | 1,220,910 | |||
14,680 | Analog Devices, Inc. | 2,895,190 | ||||
1,969 | Cirrus Logic, Inc.* | 215,369 | ||||
3,911 | First Solar, Inc.* | 850,642 | ||||
1,727 | GLOBALFOUNDRIES, Inc.* | 124,655 | ||||
150,467 | Intel Corp. | 4,915,757 | ||||
30,989 | Marvell Technology, Inc. | 1,341,824 | ||||
2,793 | Microchip Technology, Inc. | 233,997 | ||||
32,032 | Micron Technology, Inc. | 1,932,811 | ||||
2,059 | MKS Instruments, Inc. | 182,469 | ||||
5,863 | ON Semiconductor Corp.* | 482,642 | ||||
3,633 | Qorvo, Inc.* | 369,004 | ||||
5,779 | Skyworks Solutions, Inc. | 681,806 | ||||
523 | Teradyne, Inc. | 56,228 | ||||
10,399 | Texas Instruments, Inc. | 1,934,318 | ||||
4,425 | Wolfspeed, Inc.* | 287,404 | ||||
|
|
| ||||
17,725,026 | ||||||
|
|
| ||||
Software (1.9%): |
| |||||
1,479 | ANSYS, Inc.* | 492,211 | ||||
3,553 | BILL Holdings, Inc.* | 288,290 | ||||
5,037 | Black Knight, Inc.* | 289,930 | ||||
3,244 | CCC Intelligent Solutions Holdings, Inc.* | 29,099 | ||||
3,983 | Ceridian HCM Holding, Inc.* | 291,635 | ||||
2,193 | Dolby Laboratories, Inc., Class A | 187,326 | ||||
775 | DoubleVerify Holdings, Inc.* | 23,366 | ||||
1,008 | Dropbox, Inc., Class A* | 21,793 | ||||
12,904 | Gen Digital, Inc. | 221,433 | ||||
2,945 | Guidewire Software, Inc.* | 241,637 | ||||
1,674 | Informatica, Inc., Class A* | 27,454 | ||||
1,003 | Jamf Holding Corp.* | 19,478 | ||||
854 | Manhattan Associates, Inc.* | 132,242 | ||||
2,457 | nCino, Inc.* | 60,884 | ||||
4,330 | NCR Corp.* | 102,145 | ||||
3,953 | Nutanix, Inc., Class A* | 102,738 | ||||
17,405 | Oracle Corp. | 1,617,273 | ||||
2,529 | Paycor HCM, Inc.* | 67,069 | ||||
929 | Procore Technologies, Inc.* | 58,183 | ||||
3,843 | Roper Technologies, Inc. | 1,693,572 | ||||
27,519 | Salesforce, Inc.* | 5,497,746 | ||||
2,796 | SentinelOne, Inc., Class A* | 45,743 | ||||
1,684 | Teradata Corp.* | 67,832 | ||||
188 | Tyler Technologies, Inc.* | 66,672 | ||||
12,298 | UiPath, Inc., Class A* | 215,953 | ||||
2,678 | Unity Software, Inc.* | 86,874 | ||||
3,899 | VMware, Inc., Class A* | 486,790 | ||||
4,502 | Zoom Video Communications, Inc., Class A* | 332,428 | ||||
|
|
| ||||
12,767,796 | ||||||
|
|
| ||||
Specialized REITs (0.7%): |
| |||||
3,993 | American Tower Corp. | 815,930 | ||||
8,032 | CubeSmart | 371,239 | ||||
2,660 | EPR Properties | 101,346 | ||||
846 | Equinix, Inc. | 610,000 | ||||
4,195 | Extra Space Storage, Inc. | 683,491 | ||||
2,604 | Iron Mountain, Inc. | 137,778 | ||||
436 | Lamar Advertising Co., Class A | 43,552 | ||||
3,023 | Life Storage, Inc. | 396,285 | ||||
3,050 | National Storage Affiliates Trust | 127,429 | ||||
1,158 | Public Storage | 349,878 | ||||
5,235 | Rayonier, Inc. | 174,116 |
See accompanying notes to the schedules of portfolio investments.
189
AZL Russell 1000 Value Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Specialized REITs, continued |
| |||||
3,041 | SBA Communications Corp. | $ | 793,914 | |||
|
|
| ||||
4,604,958 | ||||||
|
|
| ||||
Specialty Retail (1.5%): |
| |||||
1,989 | Advance Auto Parts, Inc. | 241,882 | ||||
1,211 | AutoNation, Inc.* | 162,710 | ||||
63 | AutoZone, Inc.* | 154,863 | ||||
8,221 | Bath & Body Works, Inc. | 300,724 | ||||
4,963 | Best Buy Co., Inc. | 388,454 | ||||
149 | Burlington Stores, Inc.* | 30,113 | ||||
5,015 | CarMax, Inc.* | 322,364 | ||||
1,910 | Dicks Sporting Goods, Inc. | 271,010 | ||||
9,646 | GameStop Corp., Class A*^ | 222,051 | ||||
6,989 | Gap, Inc. (The) | 70,170 | ||||
15,555 | Home Depot, Inc. (The) | 4,590,592 | ||||
558 | Leslies, Inc.* | 6,144 | ||||
974 | Lithia Motors, Inc. | 222,978 | ||||
2,996 | Lowes Cos., Inc. | 599,110 | ||||
1,344 | OReilly Automotive, Inc.* | 1,141,029 | ||||
927 | Penske Automotive Group, Inc. | 131,458 | ||||
2,533 | Petco Health & Wellness Co., Inc.* | 22,797 | ||||
428 | RH* | 104,239 | ||||
7,246 | Ross Stores, Inc. | 769,018 | ||||
812 | Victorias Secret & Co.* | 27,730 | ||||
1,439 | Wayfair, Inc., Class A* | 49,415 | ||||
498 | Williams-Sonoma, Inc. | 60,587 | ||||
|
|
| ||||
9,889,438 | ||||||
|
|
| ||||
Technology Hardware, Storage & Peripherals (0.3%): |
| |||||
7,171 | Dell Technologies, Inc., Class C | 288,346 | ||||
46,196 | Hewlett Packard Enterprise Co. | 735,902 | ||||
19,303 | HP, Inc. | 566,543 | ||||
11,423 | Western Digital Corp.* | 430,305 | ||||
|
|
| ||||
2,021,096 | ||||||
|
|
| ||||
Textiles, Apparel & Luxury Goods (0.3%): |
| |||||
4,512 | Capri Holdings, Ltd.* | 212,064 | ||||
1,340 | Carters, Inc. | 96,373 | ||||
1,294 | Columbia Sportswear Co. | 116,771 | ||||
111 | Deckers Outdoor Corp.* | 49,900 | ||||
12,522 | Hanesbrands, Inc. | 65,866 | ||||
2,331 | PVH Corp. | 207,832 | ||||
1,457 | Ralph Lauren Corp. | 169,988 | ||||
4,081 | Skechers U.S.A., Inc., Class A* | 193,929 | ||||
7,526 | Tapestry, Inc. | 324,446 | ||||
6,770 | Under Armour, Inc., Class A* | 64,247 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Textiles, Apparel & Luxury Goods, continued |
| |||||
7,090 | Under Armour, Inc., Class C* | $ | 60,478 | |||
12,562 | VF Corp. | 287,795 | ||||
|
|
|||||
1,849,689 | ||||||
|
|
|||||
Tobacco (1.2%): |
| |||||
65,219 | Altria Group, Inc. | 2,910,072 | ||||
56,372 | Philip Morris International, Inc. | 5,482,177 | ||||
|
|
|||||
8,392,249 | ||||||
|
|
|||||
Trading Companies & Distributors (0.2%): |
| |||||
3,733 | Air Lease Corp. | 146,968 | ||||
1,876 | Core & Main, Inc., Class A* | 43,336 | ||||
1,660 | MSC Industrial Direct Co., Inc. | 139,440 | ||||
627 | SiteOne Landscape Supply, Inc.* | 85,818 | ||||
1,358 | United Rentals, Inc. | 537,442 | ||||
5,777 | Univar Solutions, Inc.* | 202,368 | ||||
557 | Watsco, Inc. | 177,215 | ||||
754 | WESCO International, Inc. | 116,523 | ||||
|
|
|||||
1,449,110 | ||||||
|
|
|||||
Water Utilities (0.2%): |
| |||||
7,013 | American Water Works Co., Inc. | 1,027,334 | ||||
8,315 | Essential Utilities, Inc. | 362,950 | ||||
|
|
|||||
1,390,284 | ||||||
|
|
|||||
Wireless Telecommunication Services (0.5%): |
| |||||
21,312 | T-Mobile US, Inc.* | 3,086,830 | ||||
|
|
|||||
Total Common Stocks (Cost $499,834,391) |
667,662,462 | |||||
|
|
|||||
Principal Amount | ||||||
Short-Term Security Held as Collateral for Securities on Loan (0.1%): | ||||||
785,762 | BlackRock Liquidity FedFund, Institutional Class, 2.54%(a)(b) | 785,762 | ||||
|
|
|||||
Total Short-Term Security Held as Collateral for Securities on Loan |
785,762 | |||||
|
|
|||||
Shares | ||||||
Unaffiliated Investment Company (0.5%): | ||||||
Money Markets (0.5%): | ||||||
3,237,316 | Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 4.43%(b) | 3,237,316 | ||||
|
|
|||||
Total Unaffiliated Investment Company |
3,237,316 | |||||
|
|
|||||
Total Investment Securities |
671,685,540 | |||||
Net other assets (liabilities) (0.1)% |
(719,434 | ) | ||||
|
|
|||||
Net Assets 100.0% |
$ | 670,966,106 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023
REIT - Real Estate Investment Trust
* | Non-income producing security. |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $785,533. |
+ | Affiliated Securities |
| Represents less than 0.05%. |
(a) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(b) | The rate represents the effective yield at March 31, 2023. |
Futures Contracts
At March 31, 2023, the Funds open futures contracts were as follows:
See accompanying notes to the schedules of portfolio investments.
190
AZL Russell 1000 Value Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Long Futures
Description | Expiration Date | Number of Contracts |
Notional Amount | Value and Unrealized Appreciation/ (Depreciation) |
||||||||
S&P 400 Index E-Mini June Futures (U.S. Dollar) |
6/16/23 | 6 | $ | 1,517,820 | $ | 66,797 | ||||||
S&P 500 Index E-Mini June Futures (U.S. Dollar) |
6/16/23 | 13 | 2,689,538 | 157,885 | ||||||||
|
|
|||||||||||
$ | 224,682 | |||||||||||
|
|
See accompanying notes to the schedules of portfolio investments.
191
AZL S&P 500 Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (99.5%): | ||||||
Aerospace & Defense (1.7%): | ||||||
42,917 |
Boeing Co. (The)* | $ | 9,116,858 | |||
17,246 |
General Dynamics Corp. | 3,935,710 | ||||
28,207 |
Howmet Aerospace, Inc. | 1,195,131 | ||||
2,885 |
Huntington Ingalls Industries, Inc. | 597,253 | ||||
14,586 |
L3Harris Technologies, Inc. | 2,862,357 | ||||
17,380 |
Lockheed Martin Corp. | 8,216,047 | ||||
11,083 |
Northrop Grumman Corp. | 5,117,243 | ||||
111,851 |
Raytheon Technologies Corp. | 10,953,568 | ||||
15,993 |
Textron, Inc. | 1,129,585 | ||||
3,957 |
TransDigm Group, Inc. | 2,916,507 | ||||
|
|
|||||
46,040,259 | ||||||
|
|
|||||
Air Freight & Logistics (0.6%): | ||||||
8,750 |
C.H. Robinson Worldwide, Inc. | 869,488 | ||||
11,868 |
Expeditors International of Washington, Inc. | 1,306,904 | ||||
17,762 |
FedEx Corp. | 4,058,439 | ||||
55,909 |
United Parcel Service, Inc., Class B | 10,845,787 | ||||
|
|
|||||
17,080,618 | ||||||
|
|
|||||
Automobile Components (2.0%): | ||||||
20,756 |
Aptiv plc* | 2,328,616 | ||||
17,735 |
BorgWarner, Inc. | 870,966 | ||||
302,566 |
Ford Motor Co. | 3,812,331 | ||||
106,678 |
General Motors Co. | 3,912,949 | ||||
205,617 |
Tesla, Inc.* | 42,657,303 | ||||
|
|
|||||
53,582,165 | ||||||
|
|
|||||
Banks (3.1%): | ||||||
534,673 |
Bank of America Corp. | 15,291,648 | ||||
148,375 |
Citigroup, Inc. | 6,957,304 | ||||
38,759 |
Citizens Financial Group, Inc. | 1,177,111 | ||||
9,769 |
Comerica, Inc. | 424,170 | ||||
52,582 |
Fifth Third Bancorp | 1,400,784 | ||||
13,323 |
First Republic Bank^ | 186,389 | ||||
112,215 |
Huntington Bancshares, Inc. | 1,256,808 | ||||
224,142 |
JPMorgan Chase & Co. | 29,207,944 | ||||
68,556 |
KeyCorp | 858,321 | ||||
13,271 |
M&T Bank Corp. | 1,586,813 | ||||
30,897 |
PNC Financial Services Group, Inc. (The) | 3,927,009 | ||||
72,745 |
Regions Financial Corp. | 1,350,147 | ||||
101,638 |
Truist Financial Corp. | 3,465,856 | ||||
103,579 |
U.S. Bancorp | 3,734,023 | ||||
291,907 |
Wells Fargo & Co. | 10,911,483 | ||||
10,729 |
Zions Bancorp | 321,119 | ||||
|
|
|||||
82,056,929 | ||||||
|
|
|||||
Beverages (1.8%): | ||||||
14,319 |
Brown-Forman Corp., Class B | 920,282 | ||||
298,155 |
Coca-Cola Co. (The) | 18,494,555 | ||||
12,435 |
Constellation Brands, Inc., Class A | 2,808,942 | ||||
65,096 |
Keurig Dr Pepper, Inc. | 2,296,587 | ||||
13,901 |
Molson Coors Brewing Co., Class B | 718,404 | ||||
58,354 |
Monster Beverage Corp.* | 3,151,699 | ||||
105,107 |
PepsiCo, Inc. | 19,161,006 | ||||
|
|
|||||
47,551,475 | ||||||
|
|
|||||
Biotechnology (2.3%): | ||||||
135,476 |
AbbVie, Inc. | 21,590,810 | ||||
40,875 |
Amgen, Inc. | 9,881,531 | ||||
11,031 |
Biogen, Inc.* | 3,066,949 | ||||
95,140 |
Gilead Sciences, Inc. | 7,893,766 |
Shares | Value | |||||
Common Stocks, continued | ||||||
Biotechnology, continued | ||||||
13,664 |
Incyte Corp.* | $ | 987,497 | |||
25,310 |
Moderna, Inc.* | 3,887,110 | ||||
8,203 |
Regeneron Pharmaceuticals, Inc.* | 6,740,159 | ||||
19,664 |
Vertex Pharmaceuticals, Inc.* | 6,195,537 | ||||
|
|
|||||
60,243,359 | ||||||
|
|
|||||
Broadline Retail (3.2%): | ||||||
681,932 |
Amazon.com, Inc.* | 70,436,757 | ||||
16,931 |
Dollar General Corp. | 3,563,298 | ||||
15,594 |
Dollar Tree, Inc.* | 2,238,519 | ||||
41,849 |
eBay, Inc. | 1,856,840 | ||||
9,858 |
Etsy, Inc.* | 1,097,491 | ||||
35,259 |
Target Corp. | 5,839,948 | ||||
|
|
|||||
85,032,853 | ||||||
|
|
|||||
Building Products (0.4%): | ||||||
9,760 |
A O Smith Corp. | 674,904 | ||||
6,847 |
Allegion plc | 730,780 | ||||
64,063 |
Carrier Global Corp. | 2,930,882 | ||||
52,759 |
Johnson Controls International plc | 3,177,147 | ||||
17,451 |
Masco Corp. | 867,664 | ||||
17,643 |
Trane Technologies plc | 3,245,959 | ||||
|
|
|||||
11,627,336 | ||||||
|
|
|||||
Capital Markets (2.8%): | ||||||
7,899 |
Ameriprise Financial, Inc. | 2,421,043 | ||||
56,346 |
Bank of New York Mellon Corp. (The) | 2,560,362 | ||||
11,387 |
BlackRock, Inc., Class A+ | 7,619,269 | ||||
7,779 |
Cboe Global Markets, Inc. | 1,044,253 | ||||
116,848 |
Charles Schwab Corp. (The) | 6,120,498 | ||||
27,557 |
CME Group, Inc. | 5,277,717 | ||||
2,943 |
FactSet Research Systems, Inc. | 1,221,610 | ||||
22,820 |
Franklin Resources, Inc. | 614,771 | ||||
25,941 |
Goldman Sachs Group, Inc. (The) | 8,485,561 | ||||
42,788 |
Intercontinental Exchange, Inc. | 4,462,361 | ||||
34,577 |
Invesco, Ltd. | 567,063 | ||||
2,958 |
MarketAxess Holdings, Inc. | 1,157,436 | ||||
12,069 |
Moodys Corp. | 3,693,355 | ||||
99,936 |
Morgan Stanley | 8,774,381 | ||||
6,125 |
MSCI, Inc. | 3,428,101 | ||||
26,236 |
Nasdaq, Inc. | 1,434,322 | ||||
16,058 |
Northern Trust Corp. | 1,415,192 | ||||
14,830 |
Raymond James Financial, Inc. | 1,383,194 | ||||
25,181 |
S&P Global, Inc. | 8,681,653 | ||||
26,697 |
State Street Corp. | 2,020,696 | ||||
17,119 |
T. Rowe Price Group, Inc. | 1,932,735 | ||||
|
|
|||||
74,315,573 | ||||||
|
|
|||||
Chemicals (1.8%): | ||||||
16,991 |
Air Products and Chemicals, Inc. | 4,879,985 | ||||
8,975 |
Albemarle Corp. | 1,983,834 | ||||
7,401 |
Celanese Corp. | 805,895 | ||||
15,398 |
CF Industries Holdings, Inc. | 1,116,201 | ||||
54,734 |
Corteva, Inc. | 3,301,008 | ||||
53,912 |
Dow, Inc. | 2,955,456 | ||||
35,043 |
DuPont de Nemours, Inc. | 2,515,036 | ||||
9,278 |
Eastman Chemical Co. | 782,506 | ||||
18,983 |
Ecolab, Inc. | 3,142,256 | ||||
9,400 |
FMC Corp. | 1,148,022 | ||||
19,745 |
International Flavors & Fragrances, Inc. | 1,815,750 | ||||
37,652 |
Linde plc | 13,383,027 |
See accompanying notes to the schedules of portfolio investments.
192
AZL S&P 500 Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Chemicals, continued | ||||||
19,457 |
Lyondellbasell Industries NV | $ | 1,826,818 | |||
26,217 |
Mosaic Co. (The) | 1,202,836 | ||||
18,004 |
PPG Industries, Inc. | 2,404,974 | ||||
18,065 |
Sherwin-Williams Co. (The) | 4,060,470 | ||||
|
|
|||||
47,324,074 | ||||||
|
|
|||||
Commercial Services & Supplies (0.5%): | ||||||
6,612 |
Cintas Corp. | 3,059,240 | ||||
32,828 |
Copart, Inc.* | 2,468,994 | ||||
15,735 |
Republic Services, Inc. | 2,127,687 | ||||
17,773 |
Rollins, Inc. | 667,021 | ||||
28,615 |
Waste Management, Inc. | 4,669,109 | ||||
|
|
|||||
12,992,051 | ||||||
|
|
|||||
Communications Equipment (0.9%): | ||||||
18,961 |
Arista Networks, Inc.* | 3,182,794 | ||||
314,542 |
Cisco Systems, Inc. | 16,442,683 | ||||
4,641 |
F5, Inc.* | 676,147 | ||||
24,540 |
Juniper Networks, Inc. | 844,667 | ||||
12,809 |
Motorola Solutions, Inc. | 3,665,039 | ||||
|
|
|||||
24,811,330 | ||||||
|
|
|||||
Construction & Engineering (0.1%): |
| |||||
10,947 |
Quanta Services, Inc. | 1,824,208 | ||||
|
|
|||||
Construction Materials (0.1%): | ||||||
4,811 |
Martin Marietta Materials, Inc. | 1,708,194 | ||||
10,238 |
Vulcan Materials Co. | 1,756,431 | ||||
|
|
|||||
3,464,625 | ||||||
|
|
|||||
Consumer Finance (0.5%): | ||||||
45,335 |
American Express Co. | 7,478,008 | ||||
29,240 |
Capital One Financial Corp. | 2,811,718 | ||||
20,190 |
Discover Financial Services | 1,995,580 | ||||
33,189 |
Synchrony Financial | 965,136 | ||||
|
|
|||||
13,250,442 | ||||||
|
|
|||||
Consumer Staples Distribution & Retail (1.5%): |
| |||||
33,906 |
Costco Wholesale Corp. | 16,846,874 | ||||
49,900 |
Kroger Co. (The) | 2,463,563 | ||||
38,821 |
Sysco Corp. | 2,998,146 | ||||
55,055 |
Walgreens Boots Alliance, Inc. | 1,903,802 | ||||
107,267 |
Walmart, Inc. | 15,816,519 | ||||
|
|
|||||
40,028,904 | ||||||
|
|
|||||
Containers & Packaging (0.3%): | ||||||
111,169 |
Amcor plc | 1,265,103 | ||||
6,365 |
Avery Dennison Corp. | 1,138,889 | ||||
24,048 |
Ball Corp. | 1,325,285 | ||||
27,246 |
International Paper Co. | 982,491 | ||||
7,337 |
Packaging Corp. of America | 1,018,596 | ||||
11,227 |
Sealed Air Corp. | 515,432 | ||||
19,064 |
Westrock Co. | 580,880 | ||||
|
|
|||||
6,826,676 | ||||||
|
|
|||||
Distributors (0.1%): | ||||||
10,799 |
Genuine Parts Co. | 1,806,781 | ||||
19,000 |
LKQ Corp. | 1,078,440 | ||||
2,902 |
Pool Corp. | 993,761 | ||||
|
|
|||||
3,878,982 | ||||||
|
|
|||||
Diversified REITs (1.4%): | ||||||
11,439 |
Alexandria Real Estate Equities, Inc. | 1,436,624 | ||||
10,717 |
AvalonBay Communities, Inc. | 1,801,099 | ||||
10,624 |
Boston Properties, Inc. | 574,971 |
Shares | Value | |||||
Common Stocks, continued | ||||||
Diversified REITs, continued | ||||||
22,026 |
Digital Realty Trust, Inc. | $ | 2,165,376 | |||
26,515 |
Equity Residential | 1,590,900 | ||||
4,856 |
Essex Property Trust, Inc. | 1,015,584 | ||||
5,376 |
Federal Realty Investment Trust | 531,310 | ||||
159 |
Gaming and Leisure Properties, Inc. | 8,277 | ||||
42,084 |
Healthpeak Properties, Inc. | 924,585 | ||||
55,388 |
Host Hotels & Resorts, Inc. | 913,348 | ||||
44,496 |
Invitation Homes, Inc. | 1,389,610 | ||||
46,879 |
Kimco Realty Corp. | 915,547 | ||||
8,846 |
Mid-America Apartment Communities, Inc. | 1,336,100 | ||||
70,713 |
Prologis, Inc. | 8,822,861 | ||||
48,044 |
Realty Income Corp. | 3,042,146 | ||||
12,027 |
Regency Centers Corp. | 735,812 | ||||
24,014 |
UDR, Inc. | 986,015 | ||||
30,621 |
Ventas, Inc. | 1,327,420 | ||||
73,779 |
VICI Properties, Inc. | 2,406,671 | ||||
36,198 |
Welltower, Inc. | 2,595,035 | ||||
56,935 |
Weyerhaeuser Co. | 1,715,452 | ||||
|
|
|||||
36,234,743 | ||||||
|
|
|||||
Diversified Telecommunication Services (0.9%): |
| |||||
545,971 |
AT&T, Inc. | 10,509,942 | ||||
321,731 |
Verizon Communications, Inc. | 12,512,118 | ||||
|
|
|||||
23,022,060 | ||||||
|
|
|||||
Electric Utilities (1.9%): | ||||||
18,652 |
Alliant Energy Corp. | 996,017 | ||||
39,365 |
American Electric Power Co., Inc. | 3,581,821 | ||||
25,052 |
Constellation Energy Corp. | 1,966,582 | ||||
58,991 |
Duke Energy Corp. | 5,690,862 | ||||
29,254 |
Edison International | 2,065,040 | ||||
15,588 |
Entergy Corp. | 1,679,451 | ||||
17,208 |
Evergy, Inc. | 1,051,753 | ||||
26,682 |
Eversource Energy | 2,088,133 | ||||
76,127 |
Exelon Corp. | 3,188,960 | ||||
41,610 |
FirstEnergy Corp. | 1,666,897 | ||||
152,229 |
NextEra Energy, Inc. | 11,733,811 | ||||
17,584 |
NRG Energy, Inc. | 602,955 | ||||
123,339 |
PG&E Corp.* | 1,994,392 | ||||
9,144 |
Pinnacle West Capital Corp. | 724,570 | ||||
56,406 |
PPL Corp. | 1,567,523 | ||||
83,399 |
Southern Co. (The) | 5,802,902 | ||||
41,922 |
Xcel Energy, Inc. | 2,827,220 | ||||
|
|
|||||
49,228,889 | ||||||
|
|
|||||
Electrical Equipment (0.6%): | ||||||
17,593 |
AMETEK, Inc. | 2,556,791 | ||||
30,466 |
Eaton Corp. plc | 5,220,044 | ||||
43,707 |
Emerson Electric Co. | 3,808,628 | ||||
4,823 |
Generac Holdings, Inc.* | 520,932 | ||||
8,798 |
Rockwell Automation, Inc. | 2,581,773 | ||||
|
|
|||||
14,688,168 | ||||||
|
|
|||||
Electronic Equipment, Instruments & Components (0.6%): | ||||||
45,588 |
Amphenol Corp., Class A | 3,725,451 | ||||
10,396 |
CDW Corp. | 2,026,077 | ||||
58,315 |
Corning, Inc. | 2,057,353 | ||||
13,697 |
Keysight Technologies, Inc.* | 2,211,792 | ||||
24,367 |
TE Connectivity, Ltd. | 3,195,732 | ||||
3,633 |
Teledyne Technologies, Inc.* | 1,625,259 | ||||
18,893 |
Trimble, Inc.* | 990,371 |
See accompanying notes to the schedules of portfolio investments.
193
AZL S&P 500 Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Electronic Equipment, Instruments & Components, continued |
| |||||
3,994 |
Zebra Technologies Corp., Class A* | $ | 1,270,092 | |||
|
|
|||||
17,102,127 | ||||||
|
|
|||||
Energy Equipment & Services (0.4%): |
| |||||
76,718 |
Baker Hughes Co. | 2,214,081 | ||||
69,562 |
Halliburton Co. | 2,200,942 | ||||
108,627 |
Schlumberger, Ltd. | 5,333,586 | ||||
|
|
|||||
9,748,609 | ||||||
|
|
|||||
Entertainment (1.4%): |
| |||||
54,558 |
Activision Blizzard, Inc. | 4,669,619 | ||||
20,092 |
Electronic Arts, Inc. | 2,420,081 | ||||
10,709 |
Live Nation Entertainment, Inc.* | 749,630 | ||||
34,091 |
Netflix, Inc.* | 11,777,759 | ||||
12,418 |
Take-Two Interactive Software, Inc.* | 1,481,467 | ||||
139,657 |
Walt Disney Co. (The)* | 13,983,856 | ||||
169,287 |
Warner Bros Discovery, Inc.* | 2,556,234 | ||||
|
|
|||||
37,638,646 | ||||||
|
|
|||||
Financial Services (1.6%): |
| |||||
137,776 |
Berkshire Hathaway, Inc., Class B* | 42,541,095 | ||||
|
|
|||||
Food Products (1.2%): |
| |||||
42,082 |
Archer-Daniels-Midland Co. | 3,352,252 | ||||
10,901 |
Bunge, Ltd. | 1,041,264 | ||||
14,874 |
Campbell Soup Co. | 817,773 | ||||
36,714 |
Conagra Brands, Inc. | 1,378,978 | ||||
45,468 |
General Mills, Inc. | 3,885,695 | ||||
11,259 |
Hershey Co. (The) | 2,864,402 | ||||
22,247 |
Hormel Foods Corp. | 887,210 | ||||
8,163 |
JM Smucker Co. (The) | 1,284,611 | ||||
19,608 |
Kellogg Co. | 1,312,952 | ||||
60,994 |
Kraft Heinz Co. (The) | 2,358,638 | ||||
11,018 |
Lamb Weston Holdings, Inc. | 1,151,601 | ||||
19,198 |
McCormick & Co. | 1,597,466 | ||||
104,615 |
Mondelez International, Inc., Class A | 7,293,758 | ||||
22,186 |
Tyson Foods, Inc., Class A | 1,316,073 | ||||
|
|
|||||
30,542,673 | ||||||
|
|
|||||
Gas Utilities (0.0%): |
| |||||
11,039 |
Atmos Energy Corp. | 1,240,342 | ||||
|
|
|||||
Ground Transportation (0.8%): |
| |||||
161,057 |
CSX Corp. | 4,822,046 | ||||
6,345 |
JB Hunt Transport Services, Inc. | 1,113,294 | ||||
17,373 |
Norfolk Southern Corp. | 3,683,076 | ||||
6,940 |
Old Dominion Freight Line, Inc. | 2,365,430 | ||||
46,711 |
Union Pacific Corp. | 9,401,056 | ||||
|
|
|||||
21,384,902 | ||||||
|
|
|||||
Health Care Equipment & Supplies (2.8%): |
| |||||
133,568 |
Abbott Laboratories | 13,525,096 | ||||
5,565 |
Align Technology, Inc.* | 1,859,489 | ||||
38,942 |
Baxter International, Inc. | 1,579,488 | ||||
21,525 |
Becton Dickinson and Co. | 5,328,298 | ||||
109,724 |
Boston Scientific Corp.* | 5,489,492 | ||||
3,823 |
Cooper Cos., Inc. (The) | 1,427,355 | ||||
16,972 |
DENTSPLY SIRONA, Inc. | 666,660 | ||||
29,590 |
Dexcom, Inc.* | 3,437,766 | ||||
47,362 |
Edwards Lifesciences Corp.* | 3,918,258 | ||||
27,902 |
GE HealthCare Technologies, Inc.* | 2,288,801 | ||||
19,125 |
Hologic, Inc.* | 1,543,388 | ||||
6,344 |
IDEXX Laboratories, Inc.* | 3,172,508 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Health Care Equipment & Supplies, continued |
| |||||
5,053 | Insulet Corp.* | $ | 1,611,705 | |||
26,751 | Intuitive Surgical, Inc.* | 6,834,078 | ||||
101,821 | Medtronic plc | 8,208,809 | ||||
11,222 | ResMed, Inc. | 2,457,506 | ||||
7,431 | STERIS plc | 1,421,402 | ||||
25,801 | Stryker Corp. | 7,365,411 | ||||
3,465 | Teleflex, Inc. | 877,719 | ||||
16,076 | Zimmer Biomet Holdings, Inc. | 2,077,019 | ||||
|
|
|||||
75,090,248 | ||||||
|
|
|||||
Health Care Providers & Services (3.0%): |
| |||||
12,407 | AmerisourceBergen Corp. | 1,986,485 | ||||
19,407 | Cardinal Health, Inc. | 1,465,229 | ||||
42,128 | Centene Corp.* | 2,662,911 | ||||
22,847 | Cigna Group (The) | 5,838,094 | ||||
98,224 | CVS Health Corp. | 7,299,025 | ||||
3,967 | DaVita, Inc.* | 321,763 | ||||
18,295 | Elevance Health, Inc. | 8,412,224 | ||||
16,243 | HCA Healthcare, Inc. | 4,282,954 | ||||
10,689 | Henry Schein, Inc.* | 871,581 | ||||
9,542 | Humana, Inc. | 4,632,259 | ||||
6,787 | Laboratory Corp. of America Holdings | 1,557,074 | ||||
10,475 | McKesson Corp. | 3,729,624 | ||||
4,580 | Molina Healthcare, Inc.* | 1,225,104 | ||||
8,345 | Quest Diagnostics, Inc. | 1,180,651 | ||||
71,415 | UnitedHealth Group, Inc. | 33,750,015 | ||||
5,204 | Universal Health Services, Inc., Class B | 661,428 | ||||
|
|
|||||
79,876,421 | ||||||
|
|
|||||
Hotels, Restaurants & Leisure (2.1%): |
| |||||
2,971 | Booking Holdings, Inc.* | 7,880,310 | ||||
17,116 | Caesars Entertainment, Inc.* | 835,432 | ||||
76,716 | Carnival Corp., Class A* | 778,667 | ||||
2,124 | Chipotle Mexican Grill, Inc.* | 3,628,408 | ||||
9,376 | Darden Restaurants, Inc. | 1,454,780 | ||||
2,600 | Dominos Pizza, Inc. | 857,662 | ||||
10,975 | Expedia Group, Inc.* | 1,064,904 | ||||
20,178 | Hilton Worldwide Holdings, Inc. | 2,842,475 | ||||
25,733 | Las Vegas Sands Corp.* | 1,478,361 | ||||
20,612 | Marriott International, Inc., Class A | 3,422,417 | ||||
56,108 | McDonalds Corp. | 15,688,358 | ||||
24,417 | MGM Resorts International | 1,084,603 | ||||
31,090 | Norwegian Cruise Line Holdings, Ltd.* | 418,161 | ||||
17,166 | Royal Caribbean Cruises, Ltd.* | 1,120,940 | ||||
87,936 | Starbucks Corp. | 9,156,776 | ||||
7,751 | Wynn Resorts, Ltd.* | 867,414 | ||||
21,579 | Yum! Brands, Inc. | 2,850,154 | ||||
|
|
|||||
55,429,822 | ||||||
|
|
|||||
Household Durables (0.3%): |
| |||||
23,977 | DR Horton, Inc. | 2,342,313 | ||||
11,032 | Garmin, Ltd. | 1,113,349 | ||||
780 | Garmin, Ltd. | 78,718 | ||||
19,517 | Lennar Corp., Class A | 2,051,432 | ||||
3,740 | Mohawk Industries, Inc.* | 374,823 | ||||
27,332 | Newell Brands, Inc. | 340,010 | ||||
237 | NVR, Inc.* | 1,320,609 | ||||
17,083 | PulteGroup, Inc. | 995,597 | ||||
4,058 | Whirlpool Corp. | 535,737 | ||||
|
|
|||||
9,152,588 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
194
AZL S&P 500 Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
| |||||
Household Products (1.5%): |
| |||||
18,682 | Church & Dwight Co., Inc. | $ | 1,651,676 | |||
9,452 | Clorox Co. (The) | 1,495,684 | ||||
63,982 | Colgate-Palmolive Co. | 4,808,247 | ||||
25,854 | Kimberly-Clark Corp. | 3,470,124 | ||||
180,455 | Procter & Gamble Co. (The) | 26,831,854 | ||||
|
|
|||||
38,257,585 | ||||||
|
|
|||||
Independent Power and Renewable Electricity Producers (0.0%): |
| |||||
49,796 | AES Corp. (The) | 1,199,088 | ||||
|
|
|||||
Industrial Conglomerates (0.8%): |
| |||||
42,343 | 3M Co. | 4,450,673 | ||||
82,880 | General Electric Co. | 7,923,328 | ||||
51,107 | Honeywell International, Inc. | 9,767,570 | ||||
|
|
|||||
22,141,571 | ||||||
|
|
|||||
Insurance (2.1%): |
| |||||
42,155 | Aflac, Inc. | 2,719,841 | ||||
20,317 | Allstate Corp. (The) | 2,251,327 | ||||
56,916 | American International Group, Inc. | 2,866,290 | ||||
15,589 | Aon plc, Class A | 4,915,056 | ||||
28,335 | Arch Capital Group, Ltd.* | 1,923,096 | ||||
16,152 | Arthur J. Gallagher & Co. | 3,090,039 | ||||
3,573 | Assurant, Inc. | 429,010 | ||||
17,606 | Brown & Brown, Inc. | 1,010,936 | ||||
31,795 | Chubb, Ltd. | 6,173,953 | ||||
12,282 | Cincinnati Financial Corp. | 1,376,566 | ||||
3,028 | Everest Re Group, Ltd. | 1,084,085 | ||||
6,988 | Globe Life, Inc. | 768,820 | ||||
24,368 | Hartford Financial Services Group, Inc. (The) | 1,698,206 | ||||
12,289 | Lincoln National Corp. | 276,134 | ||||
15,481 | Loews Corp. | 898,208 | ||||
37,997 | Marsh & McLennan Cos., Inc. | 6,328,400 | ||||
50,489 | MetLife, Inc. | 2,925,333 | ||||
17,432 | Principal Financial Group, Inc. | 1,295,546 | ||||
44,820 | Progressive Corp. (The) | 6,411,949 | ||||
28,191 | Prudential Financial, Inc. | 2,332,523 | ||||
17,514 | Travelers Cos., Inc. (The) | 3,002,075 | ||||
7,998 | Willis Towers Watson plc | 1,858,575 | ||||
15,154 | WR Berkley Corp. | 943,488 | ||||
|
|
|||||
56,579,456 | ||||||
|
|
|||||
Interactive Media & Services (4.8%): |
| |||||
455,584 | Alphabet, Inc., Class A* | 47,257,728 | ||||
397,157 | Alphabet, Inc., Class C* | 41,304,328 | ||||
20,436 | Match Group, Inc.* | 784,538 | ||||
170,252 | Meta Platforms, Inc., Class A* | 36,083,209 | ||||
|
|
|||||
125,429,803 | ||||||
|
|
|||||
IT Services (4.3%): |
| |||||
48,268 | Accenture plc, Class A | 13,795,477 | ||||
11,781 | Akamai Technologies, Inc.* | 922,452 | ||||
31,778 | Automatic Data Processing, Inc. | 7,074,736 | ||||
9,071 | Broadridge Financial Solutions, Inc. | 1,329,536 | ||||
39,369 | Cognizant Technology Solutions Corp., Class A | 2,398,753 | ||||
16,463 | DXC Technology Co.* | 420,794 | ||||
4,439 | EPAM Systems, Inc.* | 1,327,261 | ||||
45,456 | Fidelity National Information Services, Inc. | 2,469,625 | ||||
48,647 | Fiserv, Inc.* | 5,498,570 | ||||
5,479 | FleetCor Technologies, Inc.* | 1,155,247 | ||||
6,098 | Gartner, Inc.* | 1,986,545 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
IT Services, continued |
| |||||
19,971 | Global Payments, Inc. | $ | 2,101,748 | |||
69,262 | International Business Machines Corp. | 9,079,556 | ||||
5,364 | Jack Henry & Associates, Inc. | 808,462 | ||||
64,538 | Mastercard, Inc., Class A | 23,453,755 | ||||
24,572 | Paychex, Inc. | 2,815,706 | ||||
86,306 | PayPal Holdings, Inc.* | 6,554,078 | ||||
7,132 | VeriSign, Inc.* | 1,507,206 | ||||
124,295 | Visa, Inc., Class A | 28,023,551 | ||||
|
|
|||||
112,723,058 | ||||||
|
|
|||||
Leisure Products (0.0%): |
| |||||
9,779 | Hasbro, Inc. | 525,034 | ||||
|
|
|||||
Life Sciences Tools & Services (1.8%): |
| |||||
22,679 | Agilent Technologies, Inc. | 3,137,413 | ||||
1,594 | Bio-Rad Laboratories, Inc., Class A* | 763,558 | ||||
12,307 | Bio-Techne Corp. | 913,056 | ||||
3,847 | Charles River Laboratories International, Inc.* | 776,402 | ||||
50,190 | Danaher Corp. | 12,649,888 | ||||
12,050 | Illumina, Inc.* | 2,802,227 | ||||
14,229 | IQVIA Holdings, Inc.* | 2,830,006 | ||||
1,708 | Mettler-Toledo International, Inc.* | 2,613,599 | ||||
9,422 | PerkinElmer, Inc. | 1,255,576 | ||||
29,909 | Thermo Fisher Scientific, Inc. | 17,238,650 | ||||
4,670 | Waters Corp.* | 1,445,972 | ||||
5,671 | West Pharmaceutical Services, Inc. | 1,964,831 | ||||
|
|
|||||
48,391,178 | ||||||
|
|
|||||
Machinery (1.8%): |
| |||||
39,866 | Caterpillar, Inc. | 9,122,935 | ||||
10,803 | Cummins, Inc. | 2,580,621 | ||||
20,684 | Deere & Co. | 8,540,010 | ||||
10,890 | Dover Corp. | 1,654,627 | ||||
27,104 | Fortive Corp. | 1,847,680 | ||||
5,778 | IDEX Corp. | 1,334,891 | ||||
21,092 | Illinois Tool Works, Inc. | 5,134,847 | ||||
31,020 | Ingersoll-Rand, Inc. | 1,804,744 | ||||
4,010 | Nordson Corp. | 891,263 | ||||
31,913 | Otis Worldwide Corp. | 2,693,457 | ||||
39,962 | PACCAR, Inc. | 2,925,218 | ||||
9,837 | Parker-Hannifin Corp. | 3,306,314 | ||||
12,489 | Pentair PLC | 690,267 | ||||
4,116 | Snap-On, Inc. | 1,016,199 | ||||
11,801 | Stanley Black & Decker, Inc. | 950,925 | ||||
13,932 | Westinghouse Air Brake Technologies Corp. | 1,407,968 | ||||
13,806 | Xylem, Inc. | 1,445,488 | ||||
|
|
|||||
47,347,454 | ||||||
|
|
|||||
Media (0.8%): |
| |||||
8,005 | Charter Communications, Inc., Class A* | 2,862,668 | ||||
321,771 | Comcast Corp., Class A | 12,198,339 | ||||
15,813 | DISH Network Corp., Class A* | 147,535 | ||||
23,261 | Fox Corp., Class A | 792,037 | ||||
11,105 | Fox Corp., Class B | 347,697 | ||||
28,640 | Interpublic Group of Cos., Inc. (The) | 1,066,554 | ||||
27,741 | News Corp., Class A | 479,087 | ||||
11,424 | News Corp., Class B | 199,120 | ||||
15,973 | Omnicom Group, Inc. | 1,506,893 | ||||
38,384 | Paramount Global, Class B^ | 856,347 | ||||
|
|
|||||
20,456,277 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
195
AZL S&P 500 Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Metals & Mining (0.5%): |
| |||||
109,495 | Freeport-McMoRan, Inc. | $ | 4,479,441 | |||
60,805 | Newmont Corp. | 2,980,661 | ||||
19,171 | Nucor Corp. | 2,961,344 | ||||
13,033 | Steel Dynamics, Inc. | 1,473,511 | ||||
|
|
|||||
11,894,957 | ||||||
|
|
|||||
Multi-Utilities (0.8%): |
| |||||
19,933 | Ameren Corp. | 1,722,012 | ||||
48,226 | CenterPoint Energy, Inc. | 1,420,738 | ||||
22,420 | CMS Energy Corp. | 1,376,140 | ||||
27,185 | Consolidated Edison, Inc. | 2,600,789 | ||||
63,834 | Dominion Energy, Inc. | 3,568,959 | ||||
14,905 | DTE Energy Co. | 1,632,694 | ||||
29,877 | NiSource, Inc. | 835,361 | ||||
38,223 | Public Service Enterprise Group, Inc. | 2,387,026 | ||||
24,080 | Sempra Energy | 3,639,933 | ||||
24,164 | WEC Energy Group, Inc. | 2,290,505 | ||||
|
|
|||||
21,474,157 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (4.2%): |
| |||||
24,180 | APA Corp. | 871,931 | ||||
136,278 | Chevron Corp. | 22,235,119 | ||||
93,615 | ConocoPhillips | 9,287,544 | ||||
60,804 | Coterra Energy, Inc. | 1,492,130 | ||||
50,077 | Devon Energy Corp. | 2,534,397 | ||||
13,537 | Diamondback Energy, Inc. | 1,829,796 | ||||
44,998 | EOG Resources, Inc. | 5,158,121 | ||||
28,400 | EQT Corp. | 906,244 | ||||
314,783 | Exxon Mobil Corp. | 34,519,104 | ||||
21,256 | Hess Corp. | 2,813,019 | ||||
151,528 | Kinder Morgan, Inc. | 2,653,255 | ||||
47,208 | Marathon Oil Corp. | 1,131,104 | ||||
34,727 | Marathon Petroleum Corp. | 4,682,241 | ||||
55,703 | Occidental Petroleum Corp. | 3,477,538 | ||||
34,239 | ONEOK, Inc. | 2,175,546 | ||||
35,438 | Phillips 66 | 3,592,704 | ||||
18,202 | Pioneer Natural Resources Co. | 3,717,577 | ||||
17,342 | Targa Resources Corp. | 1,265,099 | ||||
28,113 | Valero Energy Corp. | 3,924,575 | ||||
93,306 | Williams Cos., Inc. | 2,786,117 | ||||
|
|
|||||
111,053,161 | ||||||
|
|
|||||
Passenger Airlines (0.2%): |
| |||||
9,806 | Alaska Air Group, Inc.* | 411,460 | ||||
49,139 | American Airlines Group, Inc.* | 724,800 | ||||
49,119 | Delta Air Lines, Inc.* | 1,715,235 | ||||
45,485 | Southwest Airlines Co. | 1,480,082 | ||||
24,310 | United Airlines Holdings, Inc.* | 1,075,718 | ||||
|
|
|||||
5,407,295 | ||||||
|
|
|||||
Personal Care Products (0.2%): |
| |||||
17,717 | The Estee Lauder Cos., Inc., Class A | 4,366,532 | ||||
|
|
|||||
Pharmaceuticals (4.1%): |
| |||||
162,877 | Bristol-Myers Squibb Co. | 11,289,005 | ||||
13,786 | Catalent, Inc.* | 905,878 | ||||
60,415 | Eli Lilly & Co. | 20,747,719 | ||||
199,796 | Johnson & Johnson | 30,968,380 | ||||
193,524 | Merck & Co., Inc. | 20,589,019 | ||||
18,060 | Organon & Co. | 424,771 | ||||
430,014 | Pfizer, Inc. | 17,544,571 | ||||
90,778 | Viatris, Inc. | 873,284 |
Shares | Value | |||||
Common Stocks, continued |
| |||||
Pharmaceuticals, continued |
| |||||
35,704 | Zoetis, Inc. | $ | 5,942,574 | |||
|
|
|||||
109,285,201 | ||||||
|
|
|||||
Professional Services (0.4%): |
| |||||
31,155 | CoStar Group, Inc.* | 2,145,022 | ||||
9,428 | Equifax, Inc. | 1,912,375 | ||||
10,047 | Jacobs Solutions, Inc. | 1,180,623 | ||||
10,657 | Leidos Holdings, Inc. | 981,083 | ||||
8,715 | Robert Half International, Inc. | 702,168 | ||||
11,980 | Verisk Analytics, Inc. | 2,298,483 | ||||
|
|
|||||
9,219,754 | ||||||
|
|
|||||
Real Estate Management & Development (0.1%): |
| |||||
24,204 | CBRE Group, Inc., Class A* | 1,762,293 | ||||
|
|
|||||
Residential REITs (0.0%): |
| |||||
8,236 | Camden Property Trust | 863,462 | ||||
|
|
|||||
Retail REITs (0.1%): |
| |||||
25,046 | Simon Property Group, Inc. | 2,804,401 | ||||
|
|
|||||
Semiconductors & Semiconductor Equipment (6.4%): |
| |||||
123,516 | Advanced Micro Devices, Inc.* | 12,105,803 | ||||
38,770 | Analog Devices, Inc. | 7,646,219 | ||||
64,488 | Applied Materials, Inc. | 7,921,061 | ||||
31,965 | Broadcom, Inc. | 20,506,826 | ||||
10,413 | Enphase Energy, Inc.* | 2,189,646 | ||||
7,735 | First Solar, Inc.* | 1,682,362 | ||||
316,153 | Intel Corp. | 10,328,719 | ||||
10,593 | KLA Corp. | 4,228,408 | ||||
10,294 | Lam Research Corp. | 5,457,055 | ||||
42,134 | Microchip Technology, Inc. | 3,529,987 | ||||
83,284 | Micron Technology, Inc. | 5,025,357 | ||||
3,416 | Monolithic Power Systems, Inc. | 1,709,845 | ||||
188,169 | NVIDIA Corp. | 52,267,703 | ||||
19,851 | NXP Semiconductors NV | 3,701,715 | ||||
33,126 | ON Semiconductor Corp.* | 2,726,932 | ||||
8,045 | Qorvo, Inc.* | 817,131 | ||||
85,230 | Qualcomm, Inc. | 10,873,643 | ||||
12,291 | Skyworks Solutions, Inc. | 1,450,092 | ||||
4,282 | SolarEdge Technologies, Inc.* | 1,301,514 | ||||
11,598 | Teradyne, Inc. | 1,246,901 | ||||
69,097 | Texas Instruments, Inc. | 12,852,733 | ||||
|
|
|||||
169,569,652 | ||||||
|
|
|||||
Software (9.4%): |
| |||||
35,018 | Adobe, Inc.* | 13,494,887 | ||||
6,673 | ANSYS, Inc.* | 2,220,774 | ||||
16,536 | Autodesk, Inc.* | 3,442,134 | ||||
21,014 | Cadence Design Systems, Inc.* | 4,414,831 | ||||
12,006 | Ceridian HCM Holding, Inc.* | 879,079 | ||||
1,924 | Fair Isaac Corp.* | 1,351,975 | ||||
49,673 | Fortinet, Inc.* | 3,301,268 | ||||
42,980 | Gen Digital, Inc. | 737,537 | ||||
21,408 | Intuit, Inc. | 9,544,329 | ||||
569,389 | Microsoft Corp. | 164,154,849 | ||||
117,729 | Oracle Corp. | 10,939,379 | ||||
3,595 | Paycom Software, Inc.* | 1,092,916 | ||||
8,178 | PTC, Inc.* | 1,048,665 | ||||
8,124 | Roper Technologies, Inc. | 3,580,165 | ||||
76,606 | Salesforce, Inc.* | 15,304,347 | ||||
15,474 | ServiceNow, Inc.* | 7,191,077 | ||||
11,714 | Synopsys, Inc.* | 4,524,532 |
See accompanying notes to the schedules of portfolio investments.
196
AZL S&P 500 Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued | ||||||
Software, continued | ||||||
3,190 | Tyler Technologies, Inc.* | $ | 1,131,302 | |||
|
|
|||||
248,354,046 | ||||||
|
|
|||||
Specialized REITs (1.0%): | ||||||
35,668 | American Tower Corp. | 7,288,399 | ||||
33,174 | Crown Castle, Inc. | 4,440,008 | ||||
7,089 | Equinix, Inc. | 5,111,453 | ||||
10,259 | Extra Space Storage, Inc. | 1,671,499 | ||||
22,668 | Iron Mountain, Inc. | 1,199,364 | ||||
12,109 | Public Storage | 3,658,613 | ||||
8,271 | SBA Communications Corp. | 2,159,310 | ||||
|
|
|||||
25,528,646 | ||||||
|
|
|||||
Specialty Retail (2.2%): | ||||||
4,392 | Advance Auto Parts, Inc. | 534,111 | ||||
1,423 | AutoZone, Inc.* | 3,497,948 | ||||
18,204 | Bath & Body Works, Inc. | 665,902 | ||||
14,632 | Best Buy Co., Inc. | 1,145,247 | ||||
12,425 | CarMax, Inc.* | 798,679 | ||||
77,959 | Home Depot, Inc. (The) | 23,007,260 | ||||
46,255 | Lowes Cos., Inc. | 9,249,612 | ||||
4,794 | OReilly Automotive, Inc.* | 4,070,010 | ||||
26,587 | Ross Stores, Inc. | 2,821,678 | ||||
87,938 | TJX Cos., Inc. (The) | 6,890,822 | ||||
8,501 | Tractor Supply Co. | 1,998,075 | ||||
3,924 | Ulta Beauty, Inc.* | 2,141,209 | ||||
|
|
|||||
56,820,553 | ||||||
|
|
|||||
Technology Hardware, Storage & Peripherals (7.4%): |
| |||||
1,137,632 | Apple, Inc. | 187,595,517 | ||||
98,569 | Hewlett Packard Enterprise Co. | 1,570,204 | ||||
65,111 | HP, Inc. | 1,911,008 | ||||
16,376 | NetApp, Inc. | 1,045,608 | ||||
15,232 | Seagate Technology Holdings plc | 1,007,140 | ||||
23,790 | Western Digital Corp.* | 896,169 | ||||
|
|
|||||
194,025,646 | ||||||
|
|
|||||
Textiles, Apparel & Luxury Goods (0.5%): | ||||||
95,283 | NIKE, Inc., Class B | 11,685,507 | ||||
2,861 | Ralph Lauren Corp. | 333,793 |
Shares | Value | |||||
Common Stocks, continued | ||||||
Textiles, Apparel & Luxury Goods, continued |
| |||||
18,921 | Tapestry, Inc. | $ | 815,684 | |||
24,457 | VF Corp. | 560,310 | ||||
|
|
|||||
13,395,294 | ||||||
|
|
|||||
Tobacco (0.7%): | ||||||
137,291 | Altria Group, Inc. | 6,125,924 | ||||
118,755 | Philip Morris International, Inc. | 11,548,924 | ||||
|
|
|||||
17,674,848 | ||||||
|
|
|||||
Trading Companies & Distributors (0.3%): | ||||||
43,877 | Fastenal Co. | 2,366,725 | ||||
5,309 | United Rentals, Inc. | 2,101,090 | ||||
3,445 | W.W. Grainger, Inc. | 2,372,951 | ||||
|
|
|||||
6,840,766 | ||||||
|
|
|||||
Water Utilities (0.1%): | ||||||
14,782 | American Water Works Co., Inc. | 2,165,415 | ||||
|
|
|||||
Wireless Telecommunication Services (0.3%): |
| |||||
45,223 | T-Mobile US, Inc.* | 6,550,099 | ||||
|
|
|||||
Total Common Stocks (Cost $1,086,173,260) |
2,626,959,874 | |||||
|
|
|||||
Principal Amount | ||||||
Short-Term Security Held as Collateral for Securities on Loan (0.0%): |
| |||||
1,019,742 | BlackRock Liquidity FedFund, Institutional Class, 2.54%(a)(b) | 1,019,742 | ||||
|
|
|||||
Total Short-Term Security Held as Collateral for Securities on Loan |
1,019,742 | |||||
|
|
|||||
Shares | ||||||
Unaffiliated Investment Company (0.5%): | ||||||
Money Markets (0.5%): | ||||||
12,294,184 | Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 4.43%(b) | 12,294,184 | ||||
|
|
|||||
Total Unaffiliated Investment Company |
12,294,184 | |||||
|
|
|||||
Total Investment Securities |
2,640,273,800 | |||||
Net other assets (liabilities) 0.0% |
(1,103,931 | ) | ||||
|
|
|||||
Net Assets 100.0% |
$ | 2,639,169,869 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023
* | Non-income producing security. |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $1,021,866. |
+ | Affiliated Securities |
| Represents less than 0.05%. |
(a) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(b) | The rate represents the effective yield at March 31, 2023. |
See accompanying notes to the schedules of portfolio investments.
197
AZL S&P 500 Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
The following represents the concentrations by country of risk (based on the domicile of the security issuer) relative to the total value of investments as of March 31, 2023: (Unaudited)
Futures Contracts
At March 31, 2023, the Funds open futures contracts were as follows:
Long Futures
Description | Expiration Date | Number of Contracts |
Notional Amount | Value and Unrealized Appreciation/ (Depreciation) |
||||||||
S&P 500 Index E-Mini June Futures (U.S. Dollar) |
6/16/23 | 70 | $ | 14,482,125 | $ | 830,238 | ||||||
|
|
|||||||||||
$ | 830,238 | |||||||||||
|
|
See accompanying notes to the schedules of portfolio investments.
198
AZL Small Cap Stock Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (99.0%): |
||||||
Aerospace & Defense (1.4%): |
||||||
21,738 | AAR Corp.* | $ | 1,185,808 | |||
49,664 | Aerojet Rocketdyne Holdings, Inc.* | 2,789,627 | ||||
16,460 | AeroVironment, Inc.* | 1,508,724 | ||||
18,245 | Kaman Corp., Class A | 417,081 | ||||
19,430 | Moog, Inc., Class A | 1,957,572 | ||||
3,794 | National Presto Industries, Inc. | 273,509 | ||||
43,083 | Triumph Group, Inc.* | 499,332 | ||||
|
|
|||||
8,631,653 | ||||||
|
|
|||||
Air Freight & Logistics (0.6%): |
||||||
17,445 | Forward Air Corp. | 1,879,873 | ||||
21,697 | Hub Group, Inc., Class A* | 1,821,246 | ||||
|
|
|||||
3,701,119 | ||||||
|
|
|||||
Automobile Components (1.5%): |
||||||
76,082 | American Axle & Manufacturing Holdings, Inc.* | 594,200 | ||||
18,499 | Dorman Products, Inc. | 1,595,724 | ||||
21,671 | Gentherm, Inc.* | 1,309,362 | ||||
17,060 | LCI Industries | 1,874,382 | ||||
14,278 | Patrick Industries, Inc. | 982,469 | ||||
12,504 | Standard Motor Products, Inc. | 461,523 | ||||
20,204 | Winnebago Industries, Inc. | 1,165,771 | ||||
12,842 | XPEL, Inc.* | 872,614 | ||||
|
|
|||||
8,856,045 | ||||||
|
|
|||||
Banks (9.4%): |
||||||
43,676 | Ameris Bancorp | 1,597,668 | ||||
40,223 | Atlantic Union Bankshares Corp. | 1,409,816 | ||||
35,659 | Axos Financial, Inc.* | 1,316,530 | ||||
37,053 | Banc of California, Inc. | 464,274 | ||||
11,408 | BancFirst Corp. | 948,005 | ||||
37,147 | Bancorp, Inc. (The)* | 1,034,544 | ||||
52,006 | BankUnited, Inc. | 1,174,296 | ||||
22,757 | Banner Corp. | 1,237,298 | ||||
30,027 | Berkshire Hills Bancorp, Inc. | 752,477 | ||||
55,792 | Brookline Bancorp, Inc. | 585,816 | ||||
84,854 | Capitol Federal Financial, Inc. | 571,067 | ||||
18,225 | Central Pacific Financial Corp. | 326,228 | ||||
9,721 | City Holding Co. | 883,444 | ||||
35,898 | Community Bank System, Inc. | 1,884,286 | ||||
20,986 | Customers Bancorp, Inc.* | 388,661 | ||||
87,303 | CVB Financial Corp. | 1,456,214 | ||||
22,014 | Dime Community Bancshares, Inc. | 500,158 | ||||
21,238 | Eagle Bancorp, Inc. | 710,836 | ||||
25,740 | FB Financial Corp. | 799,999 | ||||
122,791 | First BanCorp | 1,402,273 | ||||
27,944 | First Bancorp/Southern Pines NC | 992,571 | ||||
63,137 | First Commonwealth Financial Corp. | 784,793 | ||||
63,359 | First Financial Bancorp | 1,379,325 | ||||
83,390 | First Hawaiian, Inc. | 1,720,336 | ||||
20,567 | Hanmi Financial Corp. | 381,929 | ||||
23,125 | Heritage Financial Corp. | 494,875 | ||||
33,112 | Hilltop Holdings, Inc. | 982,433 | ||||
12,308 | HomeStreet, Inc. | 221,421 | ||||
80,256 | Hope BanCorp, Inc. | 788,114 | ||||
30,510 | Independent Bank Corp. | 2,002,066 | ||||
24,070 | Independent Bank Group, Inc. | 1,115,645 | ||||
16,748 | Lakeland Financial Corp. | 1,049,095 | ||||
24,904 | National Bank Holdings Corp. | 833,288 | ||||
28,446 | NBT Bancorp, Inc. | 958,915 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Banks, continued |
||||||
27,305 | Northfield Bancorp, Inc. | $ | 321,653 | |||
84,859 | Northwest Bancshares, Inc. | 1,020,854 | ||||
31,337 | OFG Bancorp | 781,545 | ||||
63,542 | Pacific Premier Bancorp, Inc. | 1,526,279 | ||||
9,834 | Park National Corp. | 1,166,017 | ||||
19,124 | Pathward Financial, Inc. | 793,455 | ||||
7,851 | Preferred Bank Los Angeles | 430,313 | ||||
49,893 | Provident Financial Services, Inc. | 956,948 | ||||
37,348 | Renasant Corp. | 1,142,102 | ||||
25,848 | S&T Bancorp, Inc. | 812,920 | ||||
54,864 | Seacoast Banking Corp of Florida | 1,300,277 | ||||
33,216 | ServisFirst Bancshares, Inc. | 1,814,590 | ||||
85,617 | Simmons First National Corp., Class A | 1,497,441 | ||||
19,996 | Southside Bancshares, Inc. | 663,867 | ||||
32,900 | Stellar Bancorp, Inc. | 809,669 | ||||
8,561 | Tompkins Financial Corp. | 566,824 | ||||
15,086 | Triumph Financial, Inc.* | 875,893 | ||||
12,378 | TrustCo Bank Corp. NY | 395,353 | ||||
40,459 | Trustmark Corp. | 999,337 | ||||
71,061 | United Community Banks, Inc. | 1,998,235 | ||||
36,598 | Veritex Holdings, Inc. | 668,279 | ||||
35,212 | Washington Federal, Inc. | 1,060,585 | ||||
17,654 | Westamerica BanCorp | 782,072 | ||||
41,195 | WSFS Financial Corp. | 1,549,344 | ||||
|
|
|||||
57,082,548 | ||||||
|
|
|||||
Beverages (0.3%): |
||||||
10,084 | MGP Ingredients, Inc. | 975,325 | ||||
15,217 | National Beverage Corp.* | 802,240 | ||||
|
|
|||||
1,777,565 | ||||||
|
|
|||||
Biotechnology (2.3%): |
||||||
9,360 | Anika Therapeutics, Inc.* | 268,819 | ||||
34,069 | Arcus Biosciences, Inc.* | 621,419 | ||||
40,171 | Avid Bioservices, Inc.* | 753,608 | ||||
62,140 | Catalyst Pharmaceuticals, Inc.* | 1,030,281 | ||||
40,912 | Coherus Biosciences, Inc.* | 279,838 | ||||
63,126 | Cytokinetics, Inc.* | 2,221,404 | ||||
77,724 | Dynavax Technologies Corp.* | 762,472 | ||||
6,598 | Eagle Pharmaceuticals, Inc.* | 187,185 | ||||
29,700 | Emergent BioSolutions, Inc.* | 307,692 | ||||
12,889 | Enanta Pharmaceuticals, Inc.* | 521,231 | ||||
87,248 | Ironwood Pharmaceuticals, Inc.* | 917,849 | ||||
16,987 | iTeos Therapeutics, Inc.* | 231,193 | ||||
53,287 | Myriad Genetics, Inc.* | 1,237,857 | ||||
24,702 | REGENXBIO, Inc.* | 467,115 | ||||
26,764 | Uniqure NV* | 539,027 | ||||
37,660 | Vanda Pharmaceuticals, Inc.* | 255,711 | ||||
30,931 | Vericel Corp.* | 906,897 | ||||
50,050 | Vir Biotechnology, Inc.* | 1,164,664 | ||||
39,057 | Xencor, Inc.* | 1,089,300 | ||||
|
|
|||||
13,763,562 | ||||||
|
|
|||||
Broadline Retail (0.0%): |
||||||
19,021 | Big Lots, Inc. | 208,470 | ||||
|
|
|||||
Building Products (1.7%): |
||||||
27,981 | AAON, Inc. | 2,705,483 | ||||
11,033 | American Woodmark Corp.* | 574,488 | ||||
14,699 | Apogee Enterprises, Inc. | 635,732 | ||||
20,001 | Gibraltar Industries, Inc.* | 970,049 |
See accompanying notes to the schedules of portfolio investments.
199
AZL Small Cap Stock Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Building Products, continued |
||||||
30,709 | Griffon Corp. | $ | 982,995 | |||
12,593 | Insteel Industries, Inc. | 350,337 | ||||
84,538 | Masterbrand, Inc.* | 679,686 | ||||
38,946 | PGT Innovations, Inc.* | 977,934 | ||||
21,696 | Quanex Building Products Corp. | 467,115 | ||||
96,808 | Resideo Technologies, Inc.* | 1,769,650 | ||||
|
|
|||||
10,113,469 | ||||||
|
|
|||||
Capital Markets (1.0%): |
||||||
25,704 | Avantax, Inc.* | 676,529 | ||||
10,506 | B Riley Financial, Inc.^ | 298,265 | ||||
29,713 | Brightsphere Investment Group, Inc. | 700,632 | ||||
16,203 | Donnelley Financial Solutions, Inc.* | 662,055 | ||||
9,101 | Piper Sandler Cos. | 1,261,490 | ||||
11,613 | StoneX Group, Inc.* | 1,202,294 | ||||
4,478 | Virtus Investment Partners, Inc. | 852,566 | ||||
71,017 | WisdomTree, Inc. | 416,160 | ||||
|
|
|||||
6,069,991 | ||||||
|
|
|||||
Chemicals (2.9%): |
||||||
18,238 | AdvanSix, Inc. | 697,968 | ||||
17,663 | American Vanguard Corp. | 386,466 | ||||
21,047 | Balchem Corp. | 2,662,025 | ||||
20,015 | Futurefuel Corp. | 147,711 | ||||
35,864 | H.B. Fuller Co. | 2,454,891 | ||||
12,173 | Hawkins, Inc. | 532,934 | ||||
16,109 | Innospec, Inc. | 1,653,911 | ||||
13,682 | Koppers Holdings, Inc. | 478,459 | ||||
117,610 | Livent Corp.* | 2,554,489 | ||||
35,962 | Mativ Holdings, Inc. | 772,104 | ||||
21,397 | Minerals Technologies, Inc. | 1,292,807 | ||||
8,927 | Quaker Chemical Corp. | 1,767,100 | ||||
43,665 | Rayonier Advanced Materials, Inc.* | 273,780 | ||||
13,817 | Stepan Co. | 1,423,565 | ||||
15,358 | Tredegar Corp. | 140,219 | ||||
23,167 | Trinseo PLC | 483,032 | ||||
|
|
|||||
17,721,461 | ||||||
|
|
|||||
Commercial Services & Supplies (2.2%): |
||||||
44,324 | ABM Industries, Inc. | 1,991,921 | ||||
30,502 | Brady Corp., Class A | 1,638,872 | ||||
76,170 | CoreCivic, Inc.* | 700,764 | ||||
30,655 | Deluxe Corp. | 490,480 | ||||
81,700 | GEO Group, Inc. (The)* | 644,613 | ||||
52,137 | Harsco Corp.* | 356,096 | ||||
50,003 | Healthcare Services Group, Inc. | 693,542 | ||||
28,045 | HNI Corp. | 780,773 | ||||
37,945 | Interface, Inc. | 308,113 | ||||
71,534 | KAR Auction Services, Inc.* | 978,585 | ||||
15,576 | Liquidity Services, Inc.* | 205,136 | ||||
19,858 | Matthews International Corp., Class A | 716,079 | ||||
50,125 | MillerKnoll, Inc. | 1,025,056 | ||||
101,264 | Pitney Bowes, Inc. | 393,917 | ||||
10,098 | UniFirst Corp. | 1,779,570 | ||||
13,559 | Viad Corp.* | 282,570 | ||||
|
|
|||||
12,986,087 | ||||||
|
|
|||||
Communications Equipment (1.6%): |
||||||
45,920 | ADTRAN Holdings, Inc. | 728,291 | ||||
8,131 | Clearfield, Inc.* | 378,742 | ||||
19,341 | Comtech Telecommunications Corp. | 241,376 | ||||
23,411 | Digi International, Inc.* | 788,482 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Communications Equipment, continued |
||||||
84,119 | Extreme Networks, Inc.* | $ | 1,608,355 | |||
71,280 | Harmonic, Inc.* | 1,039,975 | ||||
19,545 | NETGEAR, Inc.* | 361,778 | ||||
44,850 | NetScout Systems, Inc.* | 1,284,952 | ||||
50,203 | Viasat, Inc.* | 1,698,870 | ||||
147,467 | Viavi Solutions, Inc.* | 1,597,068 | ||||
|
|
|||||
9,727,889 | ||||||
|
|
|||||
Construction & Engineering (1.8%): |
||||||
31,939 | Arcosa, Inc. | 2,015,670 | ||||
23,382 | Comfort Systems USA, Inc. | 3,412,837 | ||||
19,399 | Dycom Industries, Inc.* | 1,816,716 | ||||
28,693 | Granite Construction, Inc. | 1,178,709 | ||||
10,833 | MYR Group, Inc.* | 1,365,066 | ||||
8,025 | NV5 Global, Inc.* | 834,359 | ||||
|
|
|||||
10,623,357 | ||||||
|
|
|||||
Consumer Finance (0.9%): |
||||||
17,177 | Bread Financial Holdings, Inc. | 520,807 | ||||
15,545 | Encore Capital Group, Inc.* | 784,245 | ||||
20,508 | Enova International, Inc.* | 911,170 | ||||
36,473 | EZCORP, Inc., Class A* | 313,668 | ||||
31,265 | Green Dot Corp., Class A* | 537,133 | ||||
7,289 | LendingTree, Inc.* | 194,325 | ||||
25,441 | PRA Group, Inc.* | 991,181 | ||||
33,388 | PROG Holdings, Inc.* | 794,300 | ||||
2,369 | World Acceptance Corp.* | 197,314 | ||||
|
|
|||||
5,244,143 | ||||||
|
|
|||||
Consumer Staples Distribution & Retail (0.7%): |
||||||
16,375 | PriceSmart, Inc. | 1,170,485 | ||||
23,176 | SpartanNash Co. | 574,765 | ||||
20,604 | The Andersons, Inc. | 851,357 | ||||
21,919 | The Chefs Warehouse, Inc.* | 746,342 | ||||
39,153 | United Natural Foods, Inc.* | 1,031,682 | ||||
|
|
|||||
4,374,631 | ||||||
|
|
|||||
Containers & Packaging (0.5%): |
||||||
23,507 | Myers Industries, Inc. | 503,755 | ||||
102,320 | O-I Glass, Inc.* | 2,323,687 | ||||
|
|
|||||
2,827,442 | ||||||
|
|
|||||
Diversified Consumer Services (1.0%): |
||||||
29,489 | Adtalem Global Education, Inc.* | 1,138,865 | ||||
53,223 | Frontdoor, Inc.* | 1,483,857 | ||||
52,605 | Mister Car Wash, Inc.* | 453,455 | ||||
43,641 | Perdoceo Education Corp.* | 586,099 | ||||
14,587 | Strategic Education, Inc. | 1,310,350 | ||||
26,765 | Stride, Inc.* | 1,050,527 | ||||
|
|
|||||
6,023,153 | ||||||
|
|
|||||
Diversified REITs (5.4%): |
||||||
64,148 | Acadia Realty Trust | 894,865 | ||||
49,286 | Alexander & Baldwin, Inc. | 931,998 | ||||
35,320 | American Assets Trust, Inc. | 656,599 | ||||
46,015 | Armada Hoffler Properties, Inc. | 543,437 | ||||
118,018 | Brandywine Realty Trust | 558,225 | ||||
65,668 | CareTrust REIT, Inc. | 1,285,779 | ||||
10,155 | Centerspace | 554,768 | ||||
32,602 | Chatham Lodging Trust | 341,995 | ||||
15,395 | Community Healthcare Trust, Inc. | 563,457 | ||||
137,752 | DiamondRock Hospitality Co. | 1,119,924 | ||||
60,396 | Easterly Government Properties, Inc. | 829,841 |
See accompanying notes to the schedules of portfolio investments.
200
AZL Small Cap Stock Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Diversified REITs, continued |
||||||
96,445 | Essential Properties Realty Trust, Inc. | $ | 2,396,658 | |||
55,688 | Four Corners Property Trust, Inc. | 1,495,780 | ||||
27,208 | Getty Realty Corp. | 980,304 | ||||
68,980 | Global Net Lease, Inc. | 887,083 | ||||
91,066 | Hudson Pacific Properties, Inc. | 605,589 | ||||
18,441 | Innovative Industrial Properties, Inc. | 1,401,332 | ||||
26,655 | LTC Properties, Inc. | 936,390 | ||||
187,324 | LXP Industrial Trust | 1,931,310 | ||||
14,855 | NexPoint Residential Trust, Inc. | 648,718 | ||||
32,989 | Office Properties Income Trust | 405,765 | ||||
38,459 | Orion Office REIT, Inc. | 257,675 | ||||
93,531 | Outfront Media, Inc. | 1,518,008 | ||||
83,783 | Retail Opportunity Investments Corp. | 1,169,611 | ||||
57,109 | Rpt Realty | 543,107 | ||||
8,237 | Saul Centers, Inc. | 321,243 | ||||
126,875 | SITE Centers Corp. | 1,558,025 | ||||
522 | Star Holdings* | 9,080 | ||||
69,513 | Summit Hotel Properties, Inc. | 486,591 | ||||
68,519 | Tanger Factory Outlet Centers, Inc. | 1,345,028 | ||||
157,654 | Uniti Group, Inc. | 559,672 | ||||
8,350 | Universal Health Realty Income Trust | 401,718 | ||||
79,561 | Urban Edge Properties | 1,198,189 | ||||
19,589 | Urstadt Biddle Properties, Inc., Class A | 344,179 | ||||
51,717 | Veris Residential, Inc.* | 757,137 | ||||
58,273 | Washington Real Estate | 1,040,756 | ||||
34,422 | Whitestone REIT | 316,682 | ||||
74,650 | Xenia Hotels & Resorts, Inc. | 977,168 | ||||
|
|
|||||
32,773,686 | ||||||
|
|
|||||
Diversified Telecommunication Services (0.6%): |
||||||
6,689 | ATN International, Inc. | 273,714 | ||||
27,959 | Cogent Communications Holdings, Inc. | 1,781,547 | ||||
49,041 | Consolidated Communications Holdings, Inc.* | 126,526 | ||||
609,809 | Lumen Technologies, Inc. | 1,615,994 | ||||
|
|
|||||
3,797,781 | ||||||
|
|
|||||
Electric Utilities (0.3%): |
||||||
27,360 | Otter Tail Corp. | 1,977,307 | ||||
|
|
|||||
Electrical Equipment (0.5%): |
||||||
16,359 | AZZ, Inc. | 674,645 | ||||
12,107 | Encore Wire Corp. | 2,243,790 | ||||
5,730 | Powell Industries, Inc. | 244,041 | ||||
|
|
|||||
3,162,476 | ||||||
|
|
|||||
Electronic Equipment, Instruments & Components (4.3%): | ||||||
24,763 | Advanced Energy Industries, Inc. | 2,426,774 | ||||
60,315 | Arlo Technologies, Inc.* | 365,509 | ||||
19,297 | Badger Meter, Inc. | 2,350,760 | ||||
23,628 | Benchmark Electronics, Inc. | 559,747 | ||||
20,860 | CTS Corp. | 1,031,735 | ||||
17,905 | ePlus, Inc.* | 878,061 | ||||
23,936 | Fabrinet* | 2,842,639 | ||||
12,230 | FARO Technologies, Inc.* | 300,980 | ||||
20,055 | Insight Enterprises, Inc.* | 2,867,063 | ||||
29,833 | Itron, Inc.* | 1,654,240 | ||||
59,273 | Knowles Corp.* | 1,007,641 | ||||
23,495 | Methode Electronics, Inc., Class A | 1,030,961 | ||||
10,127 | OSI Systems, Inc.* | 1,036,600 | ||||
7,322 | PC Connection, Inc. | 329,197 | ||||
18,245 | Plexus Corp.* | 1,780,165 | ||||
12,346 | Rogers Corp.* | 2,017,707 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Electronic Equipment, Instruments & Components, continued | ||||||
38,715 | Sanmina Corp.* | $ | 2,361,228 | |||
17,186 | ScanSource, Inc.* | 523,142 | ||||
66,947 | TTM Technologies, Inc.* | 903,115 | ||||
|
|
|||||
26,267,264 | ||||||
|
|
|||||
Energy Equipment & Services (2.0%): |
||||||
87,835 | Archrock, Inc. | 858,148 | ||||
15,361 | Bristow Group, Inc.* | 344,086 | ||||
30,543 | Core Laboratories NV | 673,473 | ||||
11,886 | DMC Global, Inc.* | 261,135 | ||||
22,111 | Dril-Quip, Inc.* | 634,365 | ||||
93,097 | Helix Energy Solutions Group, Inc.* | 720,571 | ||||
69,027 | Helmerich & Payne, Inc. | 2,467,715 | ||||
5,847 | Nabors Industries, Ltd.* | 712,808 | ||||
104,460 | NexTier Oilfield Solutions, Inc.* | 830,457 | ||||
65,442 | Oceaneering International, Inc.* | 1,153,742 | ||||
43,414 | Oil States International, Inc.* | 361,639 | ||||
142,971 | Patterson-UTI Energy, Inc. | 1,672,761 | ||||
63,782 | Propetro Holding Corp.* | 458,593 | ||||
53,913 | RPC, Inc. | 414,591 | ||||
49,760 | U.S. Silica Holdings, Inc.* | 594,134 | ||||
|
|
|||||
12,158,218 | ||||||
|
|
|||||
Entertainment (0.2%): |
||||||
70,539 | Cinemark Holdings, Inc.* | 1,043,272 | ||||
18,216 | Marcus Corp. | 291,456 | ||||
|
|
|||||
1,334,728 | ||||||
|
|
|||||
Financial Services (0.9%): |
||||||
47,550 | Mr Cooper Group, Inc.* | 1,948,124 | ||||
59,363 | NMI Holdings, Inc., Class A* | 1,325,576 | ||||
22,142 | Radian Group, Inc. | 489,338 | ||||
21,218 | Walker & Dunlop, Inc. | 1,616,175 | ||||
|
|
|||||
5,379,213 | ||||||
|
|
|||||
Food Products (2.2%): |
||||||
47,646 | B&G Foods, Inc.^ | 739,942 | ||||
11,535 | Calavo Growers, Inc. | 331,862 | ||||
24,969 | Cal-Maine Foods, Inc. | 1,520,362 | ||||
20,501 | Fresh Del Monte Produce, Inc. | 617,285 | ||||
59,077 | Hain Celestial Group, Inc. (The)* | 1,013,171 | ||||
88,935 | Hostess Brands, Inc.* | 2,212,703 | ||||
9,882 | J & J Snack Foods Corp. | 1,464,710 | ||||
5,771 | John B Sanfilippo & Son, Inc. | 559,325 | ||||
3,736 | Seneca Foods Corp., Class A* | 195,281 | ||||
55,880 | Simply Good Foods Co. (The)* | 2,222,348 | ||||
11,950 | Tootsie Roll Industries, Inc. | 536,668 | ||||
33,175 | TreeHouse Foods, Inc.* | 1,673,015 | ||||
|
|
|||||
13,086,672 | ||||||
|
|
|||||
Gas Utilities (0.4%): |
||||||
11,455 | Chesapeake Utilities Corp. | 1,466,125 | ||||
22,967 | Northwest Natural Holding Co. | 1,092,311 | ||||
|
|
|||||
2,558,436 | ||||||
|
|
|||||
Ground Transportation (0.7%): |
||||||
16,090 | ArcBest Corp. | 1,487,038 | ||||
30,493 | Heartland Express, Inc. | 485,448 | ||||
37,720 | Marten Transport, Ltd. | 790,234 | ||||
76,692 | RXO, Inc.* | 1,506,231 | ||||
|
|
|||||
4,268,951 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
201
AZL Small Cap Stock Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Health Care (0.0%): |
||||||
4,420 | Omniab, Inc.*(a)(b) | $ | | |||
4,420 | Omniab, Inc.*(a)(b) | | ||||
|
|
|||||
| ||||||
|
|
|||||
Health Care Equipment & Supplies (3.0%): |
||||||
26,570 | AngioDynamics, Inc.* | 274,734 | ||||
25,985 | Artivion, Inc.* | 340,403 | ||||
30,597 | Avanos Medical, Inc.* | 909,955 | ||||
27,540 | Cardiovascular Systems, Inc.* | 546,944 | ||||
20,179 | CONMED Corp. | 2,095,791 | ||||
11,446 | Cutera, Inc.* | 270,355 | ||||
37,371 | Embecta Corp. | 1,050,873 | ||||
31,212 | Glaukos Corp.* | 1,563,721 | ||||
6,685 | Heska Corp.* | 652,590 | ||||
14,682 | Inogen, Inc.* | 183,231 | ||||
21,847 | Integer Holdings Corp.* | 1,693,142 | ||||
12,029 | LeMaitre Vascular, Inc. | 619,133 | ||||
37,421 | Merit Medical Systems, Inc.* | 2,767,283 | ||||
3,282 | Mesa Laboratories, Inc. | 573,464 | ||||
34,292 | NuVasive, Inc.* | 1,416,602 | ||||
49,414 | OraSure Technologies, Inc.* | 298,955 | ||||
22,299 | Orthofix Medical, Inc.* | 373,508 | ||||
42,147 | Tandem Diabetes Care, Inc.* | 1,711,590 | ||||
26,125 | Varex Imaging Corp.* | 475,214 | ||||
13,133 | Zynex, Inc.* | 157,596 | ||||
|
|
|||||
17,975,084 | ||||||
|
|
|||||
Health Care Providers & Services (2.9%): |
||||||
50,184 | AdaptHealth Corp.* | 623,787 | ||||
10,541 | Addus HomeCare Corp.* | 1,125,357 | ||||
21,408 | Agiliti, Inc.* | 342,100 | ||||
28,589 | AMN Healthcare Services, Inc.* | 2,371,743 | ||||
25,789 | Apollo Medical Holdings, Inc.* | 940,525 | ||||
82,185 | Community Health Systems, Inc. | 402,707 | ||||
5,890 | CorVel Corp.* | 1,120,749 | ||||
23,133 | Cross Country Healthcare, Inc.* | 516,329 | ||||
32,666 | Enhabit, Inc.* | 454,384 | ||||
36,446 | Ensign Group, Inc. (The) | 3,482,051 | ||||
13,164 | Fulgent Genetics, Inc.* | 410,980 | ||||
8,206 | ModivCare, Inc.* | 689,960 | ||||
50,353 | Owens & Minor, Inc.* | 732,636 | ||||
54,527 | Pediatrix Medical Group, Inc.* | 812,998 | ||||
31,969 | RadNet, Inc.* | 800,184 | ||||
69,072 | Select Medical Holdings Corp. | 1,785,511 | ||||
8,435 | U.S. Physical Therapy, Inc. | 825,871 | ||||
|
|
|||||
17,437,872 | ||||||
|
|
|||||
Health Care Technology (0.7%): |
||||||
68,911 | Certara, Inc.* | 1,661,444 | ||||
8,980 | Computer Programs and Systems, Inc.* | 271,196 | ||||
15,532 | HealthStream, Inc.* | 420,917 | ||||
35,609 | NextGen Healthcare, Inc.* | 619,953 | ||||
10,519 | Simulations Plus, Inc. | 462,205 | ||||
72,086 | Veradigm, Inc.* | 940,722 | ||||
|
|
|||||
4,376,437 | ||||||
|
|
|||||
Hotel & Resort REITs (0.6%): |
||||||
70,510 | Pebblebrook Hotel Trust | 989,960 | ||||
108,961 | Service Properties Trust | 1,085,252 | ||||
139,257 | Sunstone Hotel Investors, Inc. | 1,375,859 | ||||
|
|
|||||
3,451,071 | ||||||
|
|
Shares | Value | |||||
Common Stocks, continued |
||||||
Hotels, Restaurants & Leisure (2.2%): |
||||||
15,646 | BJs Restaurants, Inc.* | $ | 455,924 | |||
58,245 | Bloomin Brands, Inc. | 1,493,984 | ||||
28,800 | Brinker International, Inc.* | 1,094,400 | ||||
31,270 | Cheesecake Factory, Inc. (The) | 1,096,014 | ||||
11,569 | Chuys Holdings, Inc.* | 414,749 | ||||
14,670 | Cracker Barrel Old Country Store, Inc. | 1,666,512 | ||||
27,307 | Dave & Busters Entertainment, Inc.* | 1,004,625 | ||||
10,259 | Dine Brands Global, Inc. | 693,919 | ||||
13,432 | El Pollo Loco Holdings, Inc. | 128,813 | ||||
14,312 | Golden Entertainment, Inc.* | 622,715 | ||||
13,382 | Jack in the Box, Inc. | 1,172,129 | ||||
8,522 | Monarch Casino & Resort, Inc. | 631,906 | ||||
20,763 | Ruths Hospitality Group, Inc. | 340,928 | ||||
24,535 | Shake Shack, Inc., Class A* | 1,361,447 | ||||
49,405 | Six Flags Entertainment Corp.* | 1,319,608 | ||||
|
|
|||||
13,497,673 | ||||||
|
|
|||||
Household Durables (2.9%): |
||||||
5,291 | Cavco Industries, Inc.* | 1,681,162 | ||||
18,442 | Century Communities, Inc. | 1,178,813 | ||||
14,870 | Ethan Allen Interiors, Inc. | 408,330 | ||||
16,419 | Green Brick Partners, Inc.* | 575,650 | ||||
15,416 | Installed Building Products, Inc. | 1,757,887 | ||||
17,834 | iRobot Corp.* | 778,276 | ||||
28,547 | La-Z-Boy, Inc. | 830,147 | ||||
13,411 | LGI Homes, Inc.* | 1,529,256 | ||||
17,948 | M/I Homes, Inc.* | 1,132,339 | ||||
40,482 | MDC Holdings, Inc. | 1,573,535 | ||||
23,932 | Meritage Homes Corp. | 2,794,300 | ||||
83,981 | Sonos, Inc.* | 1,647,707 | ||||
66,558 | Tri Pointe Homes, Inc.* | 1,685,249 | ||||
|
|
|||||
17,572,651 | ||||||
|
|
|||||
Household Products (0.5%): |
||||||
6,029 | Central Garden & Pet Co.* | 247,551 | ||||
27,338 | Central Garden & Pet Co., Class A* | 1,068,096 | ||||
8,827 | WD-40 Co. | 1,571,647 | ||||
|
|
|||||
2,887,294 | ||||||
|
|
|||||
Insurance (2.4%): |
||||||
30,220 | AMBAC Financial Group, Inc.* | 467,806 | ||||
47,420 | American Equity Investment Life Holding Co. | 1,730,356 | ||||
12,461 | Amerisafe, Inc. | 609,966 | ||||
40,735 | Assured Guaranty, Ltd. | 2,047,748 | ||||
17,770 | Employers Holdings, Inc. | 740,831 | ||||
330,629 | Genworth Financial, Inc., Class A* | 1,659,758 | ||||
4,494 | HCI Group, Inc. | 240,878 | ||||
26,973 | Horace Mann Educators Corp. | 903,056 | ||||
24,835 | James River Group Holdings | 512,843 | ||||
18,114 | Mercury General Corp. | 574,938 | ||||
16,485 | Palomar Holdings, Inc.* | 909,972 | ||||
35,572 | ProAssurance Corp. | 657,371 | ||||
9,624 | Safety Insurance Group, Inc.^ | 717,180 | ||||
55,253 | SiriusPoint, Ltd.* | 449,207 | ||||
18,179 | Stewart Information Services Corp. | 733,523 | ||||
23,391 | Trupanion, Inc.* | 1,003,240 | ||||
14,325 | United Fire Group, Inc. | 380,329 | ||||
18,201 | Universal Insurance Holdings, Inc. | 331,622 | ||||
|
|
|||||
14,670,624 | ||||||
|
|
|||||
Interactive Media & Services (0.6%): |
||||||
40,260 | Cars.com, Inc.* | 777,018 |
See accompanying notes to the schedules of portfolio investments.
202
AZL Small Cap Stock Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Interactive Media & Services, continued |
| |||||
32,869 | QuinStreet, Inc.* | $ | 521,631 | |||
15,719 | Shutterstock, Inc. | 1,141,199 | ||||
45,580 | Yelp, Inc.* | 1,399,306 | ||||
|
|
|||||
3,839,154 | ||||||
|
|
|||||
IT Services (1.3%): |
||||||
20,053 | CSG Systems International, Inc. | 1,076,846 | ||||
42,645 | Evertec, Inc. | 1,439,269 | ||||
131,485 | Payoneer Global, Inc.* | 825,726 | ||||
22,935 | Perficient, Inc.* | 1,655,677 | ||||
214,954 | Sabre Corp.* | 922,153 | ||||
12,915 | TTEC Holdings, Inc. | 480,825 | ||||
92,277 | Verra Mobility Corp.* | 1,561,327 | ||||
|
|
|||||
7,961,823 | ||||||
|
|
|||||
Leisure Products (0.3%): |
||||||
11,465 | Sturm, Ruger & Co., Inc. | 658,550 | ||||
37,774 | Vista Outdoor, Inc.* | 1,046,717 | ||||
|
|
|||||
1,705,267 | ||||||
|
|
|||||
Life Sciences Tools & Services (0.3%): |
||||||
22,229 | BioLife Solutions, Inc.* | 483,481 | ||||
82,980 | Neogenomics, Inc.* | 1,444,682 | ||||
|
|
|||||
1,928,163 | ||||||
|
|
|||||
Machinery (5.3%): |
||||||
86,601 | 3D Systems Corp.* | 928,363 | ||||
6,699 | Alamo Group, Inc. | 1,233,688 | ||||
20,304 | Albany International Corp., Class A | 1,814,365 | ||||
14,878 | Astec Industries, Inc. | 613,717 | ||||
33,267 | Barnes Group, Inc. | 1,339,995 | ||||
13,799 | CIRCOR International, Inc.* | 429,425 | ||||
36,857 | Enerpac Tool Group Corp. | 939,854 | ||||
13,607 | EnPro Industries, Inc. | 1,413,631 | ||||
16,792 | ESCO Technologies, Inc. | 1,602,796 | ||||
40,022 | Federal Signal Corp. | 2,169,593 | ||||
25,761 | Franklin Electric Co., Inc. | 2,424,110 | ||||
46,023 | Hillenbrand, Inc. | 2,187,473 | ||||
21,091 | John Bean Technologies Corp. | 2,305,035 | ||||
53,533 | Kennametal, Inc. | 1,476,440 | ||||
7,203 | Lindsay Corp. | 1,088,589 | ||||
37,414 | Mueller Industries, Inc. | 2,749,181 | ||||
17,861 | Proto Labs, Inc.* | 592,092 | ||||
29,953 | SPX Technologies, Inc.* | 2,114,083 | ||||
7,815 | Standex International Corp. | 956,869 | ||||
12,028 | Tennant Co. | 824,279 | ||||
21,736 | The Greenbrier Cos., Inc. | 699,247 | ||||
33,225 | Titan International, Inc.* | 348,198 | ||||
53,460 | Trinity Industries, Inc. | 1,302,286 | ||||
30,949 | Wabash National Corp. | 761,036 | ||||
|
|
|||||
32,314,345 | ||||||
|
|
|||||
Marine Transportation (0.3%): |
||||||
25,150 | Matson, Inc. | 1,500,701 | ||||
|
|
|||||
Media (0.5%): |
||||||
19,369 | AMC Networks, Inc., Class A* | 340,507 | ||||
39,099 | E.W. Scripps Co. (The), Class A* | 367,922 | ||||
98,200 | Gannett Co, Inc.* | 183,634 | ||||
19,580 | Scholastic Corp. | 670,028 | ||||
17,520 | TechTarget, Inc.* | 632,822 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Media, continued |
||||||
21,570 | Thryv Holdings, Inc.* | $ | 497,404 | |||
|
|
|||||
2,692,317 | ||||||
|
|
|||||
Metals & Mining (2.1%): |
||||||
66,506 | Arconic Corp.* | 1,744,452 | ||||
84,696 | ATI, Inc.* | 3,342,104 | ||||
31,788 | Carpenter Technology Corp. | 1,422,831 | ||||
33,018 | Century Aluminum Co.* | 330,180 | ||||
22,342 | Compass Minerals International, Inc. | 766,107 | ||||
7,967 | Haynes International, Inc. | 399,067 | ||||
10,275 | Kaiser Aluminum Corp. | 766,823 | ||||
13,376 | Materion Corp. | 1,551,616 | ||||
6,503 | Olympic Steel, Inc. | 339,522 | ||||
55,073 | SunCoke Energy, Inc. | 494,556 | ||||
26,122 | TimkenSteel Corp.* | 479,077 | ||||
33,725 | Warrior Met Coal, Inc. | 1,238,045 | ||||
|
|
|||||
12,874,380 | ||||||
|
|
|||||
Mortgage Real Estate Investment Trusts (REITs) (1.1%): |
| |||||
85,937 | Apollo Commercial Real Estate Finance, Inc. | 800,074 | ||||
106,877 | Armour Residential REIT, Inc.^ | 561,104 | ||||
41,368 | Ellington Financial, Inc. | 505,103 | ||||
53,267 | Franklin BSP Realty Trust, Inc. | 635,475 | ||||
23,705 | Invesco Mortgage Capital, Inc. | 262,889 | ||||
37,360 | KKR Real Estate Finance Trust, Inc. | 425,530 | ||||
61,110 | New York Mortgage Trust, Inc. | 608,656 | ||||
58,882 | Pennymac Mortgage Investment Trust | 726,015 | ||||
65,542 | Ready Capital Corp. | 666,562 | ||||
73,335 | Redwood Trust, Inc. | 494,278 | ||||
64,193 | Two Harbors Investment Corp. | 944,279 | ||||
|
|
|||||
6,629,965 | ||||||
|
|
|||||
Multi-Utilities (0.4%): |
||||||
49,059 | Avista Corp. | 2,082,555 | ||||
10,503 | Unitil Corp. | 599,091 | ||||
|
|
|||||
2,681,646 | ||||||
|
|
|||||
Office REITs (0.3%): |
||||||
67,079 | JBG SMITH Properties | 1,010,210 | ||||
31,629 | SL Green Realty Corp. | 743,914 | ||||
|
|
|||||
1,754,124 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (2.6%): |
||||||
33,894 | Callon Petroleum Co.* | 1,133,415 | ||||
34,486 | Civitas Resources, Inc. | 2,356,773 | ||||
60,630 | Comstock Resources, Inc. | 654,198 | ||||
21,396 | CONSOL Energy, Inc. | 1,246,745 | ||||
19,096 | CVR Energy, Inc. | 625,967 | ||||
20,408 | Dorian LPG, Ltd. | 406,936 | ||||
35,914 | Green Plains, Inc.* | 1,112,975 | ||||
48,578 | Northern Oil and Gas, Inc. | 1,474,342 | ||||
37,152 | PAR Pacific Holdings, Inc.* | 1,084,838 | ||||
12,512 | Ranger Oil Corp. | 510,990 | ||||
10,867 | REX American Resources Corp.* | 310,688 | ||||
81,916 | SM Energy Co. | 2,306,755 | ||||
42,617 | Talos Energy, Inc.* | 632,436 | ||||
11,125 | Vital Energy, Inc.* | 506,632 | ||||
41,355 | World Fuel Services Corp. | 1,056,620 | ||||
|
|
|||||
15,420,310 | ||||||
|
|
|||||
Paper & Forest Products (0.3%): |
||||||
11,113 | Clearwater Paper Corp.* | 371,397 | ||||
28,814 | Mercer International, Inc. | 281,657 |
See accompanying notes to the schedules of portfolio investments.
203
AZL Small Cap Stock Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Paper & Forest Products, continued |
||||||
21,167 | Sylvamo Corp. | $ | 979,185 | |||
|
|
|||||
1,632,239 | ||||||
|
|
|||||
Passenger Airlines (0.4%): |
||||||
10,439 | Allegiant Travel Co.* | 960,179 | ||||
35,708 | Hawaiian Holdings, Inc.* | 327,085 | ||||
35,129 | SkyWest, Inc.* | 778,810 | ||||
21,277 | Sun Country Airlines Holdings, Inc.* | 436,179 | ||||
|
|
|||||
2,502,253 | ||||||
|
|
|||||
Personal Care Products (1.4%): |
||||||
33,787 | Edgewell Personal Care Co. | 1,433,245 | ||||
33,618 | elf Beauty, Inc.* | 2,768,442 | ||||
11,675 | Inter Parfums, Inc. | 1,660,652 | ||||
7,212 | Medifast, Inc. | 747,668 | ||||
32,927 | Nu Skin Enterprises, Inc., Class A | 1,294,360 | ||||
7,354 | Usana Health Sciences, Inc.* | 462,567 | ||||
|
|
|||||
8,366,934 | ||||||
|
|
|||||
Pharmaceuticals (1.7%): |
||||||
24,532 | Amphastar Pharmaceuticals, Inc.* | 919,950 | ||||
7,840 | ANI Pharmaceuticals, Inc.* | 311,405 | ||||
27,736 | Cara Therapeutics, Inc.* | 136,184 | ||||
21,526 | Collegium Pharmaceutical, Inc.* | 516,409 | ||||
62,436 | Corcept Therapeutics, Inc.* | 1,352,364 | ||||
19,136 | Harmony Biosciences Holdings, Inc.* | 624,790 | ||||
42,172 | Innoviva, Inc.* | 474,435 | ||||
10,567 | Ligand Pharmaceuticals, Inc.* | 777,308 | ||||
126,169 | Nektar Therapeutics* | 88,684 | ||||
30,264 | Pacira BioSciences, Inc.* | 1,235,074 | ||||
14,194 | Phibro Animal Health Corp., Class A | 217,452 | ||||
33,054 | Prestige Consumer Healthcare, Inc.* | 2,070,172 | ||||
35,096 | Supernus Pharmaceuticals, Inc.* | 1,271,528 | ||||
|
|
|||||
9,995,755 | ||||||
|
|
|||||
Professional Services (0.6%): |
||||||
7,462 | Forrester Research, Inc.* | 241,396 | ||||
13,227 | Heidrick & Struggles International, Inc. | 401,572 | ||||
23,221 | Kelly Services, Inc., Class A | 385,236 | ||||
35,326 | Korn Ferry | 1,827,767 | ||||
21,588 | Resources Connection, Inc. | 368,291 | ||||
22,110 | TrueBlue, Inc.* | 393,558 | ||||
|
|
|||||
3,617,820 | ||||||
|
|
|||||
Real Estate Management & Development (0.7%): |
| |||||
86,101 | Cushman & Wakefield plc* | 907,504 | ||||
48,757 | Douglas Elliman, Inc. | 151,634 | ||||
77,742 | Kennedy-Wilson Holdings, Inc. | 1,289,740 | ||||
16,314 | Marcus & Millichap, Inc. | 523,842 | ||||
14,159 | RE/MAX Holdings, Inc., Class A | 265,623 | ||||
72,406 | Realogy Holdings Corp.* | 382,304 | ||||
21,878 | The St Joe Co. | 910,344 | ||||
|
|
|||||
4,430,991 | ||||||
|
|
|||||
Semiconductors & Semiconductor Equipment (4.1%): |
| |||||
14,747 | Alpha & Omega Semiconductor, Ltd.* | 397,432 | ||||
21,372 | Axcelis Technologies, Inc.* | 2,847,819 | ||||
14,798 | CEVA, Inc.* | 450,303 | ||||
31,196 | Cohu, Inc.* | 1,197,614 | ||||
29,884 | Diodes, Inc.* | 2,772,040 | ||||
50,412 | FormFactor, Inc.* | 1,605,622 | ||||
18,705 | Ichor Holdings, Ltd.* | 612,402 | ||||
37,253 | Kulicke & Soffa Industries, Inc. | 1,962,861 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Semiconductors & Semiconductor Equipment, continued | ||||||
47,533 | MaxLinear, Inc., Class A* | $ | 1,673,637 | |||
32,350 | Onto Innovation, Inc.* | 2,842,918 | ||||
19,016 | PDF Solutions, Inc.* | 806,278 | ||||
40,423 | Photronics, Inc.* | 670,213 | ||||
70,366 | Rambus, Inc.* | 3,606,961 | ||||
41,897 | Semtech Corp.* | 1,011,394 | ||||
32,459 | SMART Global Holdings, Inc.* | 559,593 | ||||
29,708 | Ultra Clean Holdings, Inc.* | 985,117 | ||||
33,328 | Veeco Instruments, Inc.* | 704,221 | ||||
|
|
|||||
24,706,425 | ||||||
|
|
|||||
Software (2.8%): |
||||||
72,929 | 8x8, Inc.* | 304,114 | ||||
41,748 | A10 Networks, Inc. | 646,677 | ||||
69,081 | Adeia, Inc. | 612,058 | ||||
12,939 | Agilysys, Inc.* | 1,067,597 | ||||
32,869 | Alarm.com Holdings, Inc.* | 1,652,653 | ||||
26,269 | Cerence, Inc.* | 737,896 | ||||
11,437 | Consensus Cloud Solutions, Inc.* | 389,887 | ||||
59,450 | Digital Turbine, Inc.* | 734,802 | ||||
57,425 | DoubleVerify Holdings, Inc.* | 1,731,364 | ||||
16,488 | Ebix, Inc. | 217,477 | ||||
17,668 | InterDigital, Inc. | 1,287,997 | ||||
46,019 | LivePerson, Inc.* | 202,944 | ||||
42,798 | LiveRamp Holdings, Inc.* | 938,560 | ||||
43,842 | N-able, Inc.* | 578,714 | ||||
23,023 | OneSpan, Inc.* | 402,903 | ||||
28,443 | Progress Software Corp. | 1,634,050 | ||||
23,637 | SPS Commerce, Inc.* | 3,599,915 | ||||
26,794 | Xperi, Inc.* | 292,858 | ||||
|
|
|||||
17,032,466 | ||||||
|
|
|||||
Specialized REITs (0.1%): |
||||||
26,051 | Safehold, Inc. | 765,117 | ||||
|
|
|||||
Specialty Retail (4.7%): |
||||||
20,816 | Aarons Co., Inc. (The) | 201,083 | ||||
32,079 | Abercrombie & Fitch Co., Class A* | 890,192 | ||||
51,131 | Academy Sports & Outdoors, Inc. | 3,336,298 | ||||
115,134 | American Eagle Outfitters, Inc. | 1,547,401 | ||||
3,818 | Americas Car-Mart, Inc.* | 302,424 | ||||
14,537 | Asbury Automotive Group, Inc.* | 3,052,770 | ||||
19,455 | Boot Barn Holdings, Inc.* | 1,491,031 | ||||
23,507 | Caleres, Inc. | 508,456 | ||||
81,730 | Chicos FAS, Inc.* | 449,515 | ||||
32,783 | Designer Brands, Inc., Class A | 286,523 | ||||
8,109 | Genesco, Inc.* | 299,060 | ||||
9,662 | Group 1 Automotive, Inc. | 2,187,670 | ||||
20,012 | Guess?, Inc. | 389,434 | ||||
8,278 | Haverty Furniture Cos., Inc. | 264,151 | ||||
8,212 | Hibbett, Inc. | 484,344 | ||||
97,434 | Leslies, Inc.* | 1,072,748 | ||||
14,797 | MarineMax, Inc.* | 425,414 | ||||
20,544 | Monro, Inc. | 1,015,490 | ||||
51,475 | National Vision Holdings, Inc.* | 969,789 | ||||
26,530 | ODP Corp. (The)* | 1,193,319 | ||||
13,578 | PetMed Express, Inc. | 220,507 | ||||
69,962 | Sally Beauty Holdings, Inc.* | 1,090,008 | ||||
11,220 | Shoe Carnival, Inc. | 287,793 | ||||
30,109 | Signet Jewelers, Ltd. | 2,341,878 | ||||
14,359 | Sleep Number Corp.* | 436,657 |
See accompanying notes to the schedules of portfolio investments.
204
AZL Small Cap Stock Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks, continued |
||||||
Specialty Retail, continued |
||||||
10,961 | Sonic Automotive, Inc., Class A | $ | 595,621 | |||
19,339 | The Buckle, Inc. | 690,209 | ||||
8,324 | The Childrens Place, Inc.* | 335,041 | ||||
32,930 | Upbound Group, Inc. | 807,114 | ||||
39,678 | Urban Outfitters, Inc.* | 1,099,874 | ||||
11,852 | Zumiez, Inc.* | 218,551 | ||||
|
|
|||||
28,490,365 | ||||||
|
|
|||||
Technology Hardware, Storage & Peripherals (0.2%): |
| |||||
21,473 | Avid Technology, Inc.* | 686,706 | ||||
26,319 | Corsair Gaming, Inc.* | 482,954 | ||||
|
|
|||||
1,169,660 | ||||||
|
|
|||||
Textiles, Apparel & Luxury Goods (1.2%): |
| |||||
29,558 | G-III Apparel Group, Ltd.* | 459,627 | ||||
230,588 | Hanesbrands, Inc. | 1,212,893 | ||||
32,551 | Kontoor Brands, Inc. | 1,575,143 | ||||
10,297 | Movado Group, Inc. | 296,245 | ||||
9,708 | Oxford Industries, Inc. | 1,025,068 | ||||
48,405 | Steven Madden, Ltd. | 1,742,580 | ||||
51,608 | Wolverine World Wide, Inc. | 879,916 | ||||
|
|
|||||
7,191,472 | ||||||
|
|
|||||
Tobacco (0.3%): |
||||||
16,640 | Universal Corp. | 880,089 | ||||
85,279 | Vector Group, Ltd. | 1,024,201 | ||||
|
|
|||||
1,904,290 | ||||||
|
|
|||||
Trading Companies & Distributors (1.5%): |
| |||||
25,247 | Applied Industrial Technologies, Inc. | 3,588,356 | ||||
26,263 | Boise Cascade Co. | 1,661,135 | ||||
10,142 | DXP Enterprises, Inc.* | 273,023 | ||||
27,541 | GMS, Inc.* | 1,594,348 | ||||
71,624 | NOW, Inc.* | 798,608 |
Shares | Value | |||||
Common Stocks, continued |
||||||
Trading Companies & Distributors, continued |
| |||||
8,907 | Veritiv Corp. | $ | 1,203,692 | |||
|
|
|||||
9,119,162 | ||||||
|
|
|||||
Water Utilities (1.1%): |
||||||
24,274 | American States Water Co. | 2,157,716 | ||||
35,874 | California Water Service Group | 2,087,867 | ||||
11,179 | Middlesex Water Co. | 873,303 | ||||
17,458 | SJW Group | 1,329,078 | ||||
|
|
|||||
6,447,964 | ||||||
|
|
|||||
Wireless Telecommunication Services (0.3%): |
| |||||
42,512 | Gogo, Inc.* | 616,424 | ||||
32,706 | Shenandoah Telecommunications Co. | 622,068 | ||||
65,828 | Telephone and Data Systems, Inc. | 691,852 | ||||
|
|
|||||
1,930,344 | ||||||
|
|
|||||
Total Common Stocks (Cost $464,132,810) |
598,971,475 | |||||
|
|
|||||
Principal Amount | ||||||
Short-Term Security Held as Collateral for Securities on Loan (0.3%): | ||||||
2,057,339 | BlackRock Liquidity FedFund, Institutional Class , 2.54%(c)(d) | 2,057,339 | ||||
|
|
|||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $2,057,339) |
2,057,339 | |||||
|
|
|||||
Shares | ||||||
Unaffiliated Investment Company (1.1%): |
||||||
Money Markets (1.1%): |
||||||
6,690,593 | Dreyfus Treasury Securities Cash Management | |||||
Fund, Institutional Shares, 4.43%(d) | 6,690,593 | |||||
|
|
|||||
Total Unaffiliated Investment Company |
6,690,593 | |||||
|
|
|||||
Total Investment Securities |
607,719,407 | |||||
Net other assets (liabilities) (0.4)% |
(2,270,128) | |||||
|
|
|||||
Net Assets 100.0% |
$ | 605,449,279 | ||||
|
|
Percentages indicated are based on net assets as of March 31, 2023 | ||||
CVR | - | Contingency Valued Rights | ||
REIT |
- | Real Estate Investment Trust |
* | Non-income producing security. |
| Represents less than 0.05%. |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $2,730,629. |
(a) | 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 March 31, 2023, these securities represent 0.00% of the net assets of the fund. |
(b) | Security was valued using unobservable inputs as of March 31, 2023. |
(c) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(d) | The rate represents the effective yield at March 31, 2023. |
Amounts shown as are either 0 or round to less than 1.
Futures Contracts
At March 31, 2023, the Funds open futures contracts were as follows:
See accompanying notes to the schedules of portfolio investments.
205
AZL Small Cap Stock Index Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Long Futures
Description | Expiration Date | Number of Contracts |
Notional Amount | Value and Unrealized Appreciation/ (Depreciation) |
||||||||||
Russell 2000 Mini Index June Futures (U.S. Dollar) |
6/16/23 | 76 | $ | 6,891,300 | $ | 175,229 | ||||||||
|
|
|||||||||||||
$ | 175,229 | |||||||||||||
|
|
See accompanying notes to the schedules of portfolio investments.
206
AZL T. Rowe Price Capital Appreciation Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Common Stocks (65.3%): |
||||||
Automobile Components (0.1%): |
||||||
15,597 | Mobileye Global, Inc., Class A*^ | $ | 674,882 | |||
|
|
|||||
Banks (2.0%): |
||||||
174,116 | PNC Financial Services Group, Inc. (The) | 22,130,144 | ||||
|
|
|||||
Beverages (0.4%): |
||||||
130,745 | Keurig Dr Pepper, Inc. | 4,612,684 | ||||
|
|
|||||
Biotechnology (1.8%): |
||||||
111,600 | AbbVie, Inc. | 17,785,692 | ||||
9,128 | Karuna Therapeutics, Inc.* | 1,658,010 | ||||
|
|
|||||
19,443,702 | ||||||
|
|
|||||
Broadline Retail (2.6%): |
||||||
274,207 | Amazon.com, Inc.* | 28,322,841 | ||||
2,300 | Dollar General Corp. | 484,058 | ||||
|
|
|||||
28,806,899 | ||||||
|
|
|||||
Capital Markets (3.2%): |
||||||
3,336 | CME Group, Inc. | 638,910 | ||||
210,038 | Intercontinental Exchange, Inc. | 21,904,863 | ||||
195,944 | KKR & Co., Inc., Class A | 10,290,979 | ||||
8,883 | S&P Global, Inc. | 3,062,592 | ||||
|
|
|||||
35,897,344 | ||||||
|
|
|||||
Chemicals (1.0%): |
||||||
31,383 | Linde plc | 11,154,773 | ||||
|
|
|||||
Commercial Services & Supplies (1.8%): |
||||||
825,132 | Aurora Innovation, Inc.* | 1,146,933 | ||||
9,258 | Republic Services, Inc. | 1,251,867 | ||||
124,603 | Waste Connections, Inc. | 17,328,539 | ||||
|
|
|||||
19,727,339 | ||||||
|
|
|||||
Electric Utilities (2.4%): |
||||||
293,309 | Exelon Corp. | 12,286,714 | ||||
220,767 | Xcel Energy, Inc. | 14,888,526 | ||||
|
|
|||||
27,175,240 | ||||||
|
|
|||||
Electronic Equipment, Instruments & Components (2.0%): |
| |||||
63,267 | TE Connectivity, Ltd. | 8,297,467 | ||||
30,338 | Teledyne Technologies, Inc.* | 13,572,008 | ||||
|
|
|||||
21,869,475 | ||||||
|
|
|||||
Health Care Equipment & Supplies (4.8%): |
||||||
93,338 | Alcon, Inc. | 6,624,267 | ||||
107,807 | Baxter International, Inc. | 4,372,652 | ||||
78,261 | Becton Dickinson and Co. | 19,372,728 | ||||
74,737 | GE HealthCare Technologies, Inc.* | 6,130,676 | ||||
16,475 | Stryker Corp. | 4,703,118 | ||||
46,459 | Teleflex, Inc. | 11,768,530 | ||||
|
|
|||||
52,971,971 | ||||||
|
|
|||||
Health Care Providers & Services (2.8%): |
||||||
66,046 | UnitedHealth Group, Inc. | 31,212,679 | ||||
|
|
|||||
Hotels, Restaurants & Leisure (2.5%): |
||||||
39,900 | Hilton Worldwide Holdings, Inc. | 5,620,713 | ||||
22,800 | Starbucks Corp. | 2,374,164 | ||||
149,635 | Yum! Brands, Inc. | 19,763,791 | ||||
|
|
|||||
27,758,668 | ||||||
|
|
|||||
Industrial Conglomerates (0.5%): |
||||||
62,694 | General Electric Co. | 5,993,546 | ||||
|
|
Shares | Value | |||||
Common Stocks, continued |
||||||
Insurance (0.7%): |
||||||
49,890 | Marsh & McLennan Cos., Inc. | $ | 8,309,179 | |||
|
|
|||||
Interactive Media & Services (2.2%): |
||||||
169,460 | Alphabet, Inc., Class A* | 17,578,086 | ||||
30,386 | Meta Platforms, Inc., Class A* | 6,440,009 | ||||
|
|
|||||
24,018,095 | ||||||
|
|
|||||
IT Services (1.4%): |
||||||
22,900 | Mastercard, Inc., Class A | 8,322,089 | ||||
32,900 | Visa, Inc., Class A | 7,417,634 | ||||
|
|
|||||
15,739,723 | ||||||
|
|
|||||
Life Sciences Tools & Services (6.5%): |
||||||
622,021 | Avantor, Inc.* | 13,149,524 | ||||
76,035 | Danaher Corp. | 19,163,861 | ||||
143,915 | PerkinElmer, Inc. | 19,178,113 | ||||
34,739 | Thermo Fisher Scientific, Inc. | 20,022,518 | ||||
|
|
|||||
71,514,016 | ||||||
|
|
|||||
Machinery (3.4%): |
||||||
333,404 | Fortive Corp. | 22,728,151 | ||||
254,774 | Ingersoll-Rand, Inc. | 14,822,751 | ||||
|
|
|||||
37,550,902 | ||||||
|
|
|||||
Multi-Utilities (2.3%): |
||||||
207,718 | Ameren Corp. | 17,944,758 | ||||
40,854 | DTE Energy Co. | 4,475,147 | ||||
29,487 | WEC Energy Group, Inc. | 2,795,073 | ||||
|
|
|||||
25,214,978 | ||||||
|
|
|||||
Oil, Gas & Consumable Fuels (1.5%): |
||||||
21,743 | Chesapeake Energy Corp. | 1,653,338 | ||||
25,725 | ConocoPhillips | 2,552,177 | ||||
58,753 | EOG Resources, Inc. | 6,734,856 | ||||
25,900 | Pioneer Natural Resources Co. | 5,289,816 | ||||
|
|
|||||
16,230,187 | ||||||
|
|
|||||
Pharmaceuticals (0.6%): |
||||||
19,500 | Eli Lilly & Co. | 6,696,690 | ||||
|
|
|||||
Professional Services (2.3%): |
||||||
51,979 | Equifax, Inc. | 10,543,421 | ||||
234,687 | TransUnion | 14,583,450 | ||||
|
|
|||||
25,126,871 | ||||||
|
|
|||||
Semiconductors & Semiconductor Equipment (3.9%): |
| |||||
39,900 | NVIDIA Corp. | 11,083,023 | ||||
103,237 | NXP Semiconductors NV | 19,251,120 | ||||
71,446 | Texas Instruments, Inc. | 13,289,670 | ||||
|
|
|||||
43,623,813 | ||||||
|
|
|||||
Software (9.4%): |
||||||
100,695 | Black Knight, Inc.* | 5,796,005 | ||||
19,045 | Intuit, Inc. | 8,490,832 | ||||
220,016 | Microsoft Corp. | 63,430,613 | ||||
34,721 | Roper Technologies, Inc. | 15,301,198 | ||||
55,732 | Salesforce, Inc.* | 11,134,139 | ||||
|
|
|||||
104,152,787 | ||||||
|
|
|||||
Technology Hardware, Storage & Peripherals (3.2%): |
| |||||
218,124 | Apple, Inc. | 35,968,648 | ||||
|
|
|||||
Total Common Stocks (Cost $651,581,650) |
723,575,235 | |||||
|
|
See accompanying notes to the schedules of portfolio investments.
207
AZL T. Rowe Price Capital Appreciation Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares | Value | |||||
Preferred Stocks (0.5%): |
||||||
Capital Markets (0.0%): |
||||||
3,600 | Charles Schwab Corp. (The), Series D, 25.84%, 11/14/19 | $ | 82,908 | |||
|
|
|||||
Electric Utilities (0.1%): |
||||||
58,628 | SCE Trust IV, Series J, 3.63%, 12/31/49 | 1,190,148 | ||||
|
|
|||||
Multi-Utilities (0.4%): |
||||||
68,412 | CMS Energy Corp., 2.02%, 10/15/78 | 1,650,782 | ||||
78,304 | CMS Energy Corp., 2.00%, 3/1/79 | 1,902,004 | ||||
15,421 | NiSource, Inc., Series B, 3.25%, 11/21/19 | 370,104 | ||||
|
|
|||||
3,922,890 | ||||||
|
|
|||||
Total Preferred Stocks (Cost $5,609,125) |
5,195,946 | |||||
|
|
|||||
Principal Amount | ||||||
Asset Backed Securities (0.1%): |
||||||
$817,950 | Dominos Pizza Master Issuer LLC, Class A23, Series 2018-1A, 4.12%, 7/25/47, Callable 7/25/24 @ 100(a) | 765,852 | ||||
625,650 | Dominos Pizza Master Issuer LLC, Class A2, Series 2019-1A, 3.67%, 10/25/49, Callable 10/25/26 @ 100(a) | 552,747 | ||||
|
|
|||||
Total Asset Backed Securities (Cost $1,434,964) |
1,318,599 | |||||
|
|
|||||
Convertible Bond (0.1%): |
||||||
Media (0.1%): |
||||||
1,144,000 | Spotify USA, Inc., 6.18%, 3/15/26 | 958,097 | ||||
|
|
|||||
Total Convertible Bond (Cost $1,034,878) |
958,097 | |||||
|
|
|||||
Bank Loans (12.1%): |
||||||
Airlines (0.2%): |
||||||
1,781,615 | SkyMiles IP Ltd. Initial Term Loan, 8.07% (Term SOFR+375bps), 10/20/27 | 1,843,758 | ||||
|
|
|||||
Building Products (0.5%): |
||||||
1,875,447 | Filtration Group Corporation 2021 Incremental Term Loan, 4.36% (Term SOFR+0bps), 10/21/28 | 1,844,971 | ||||
2,248,101 | Filtration Group Corporation Initial Dollar Term Loan, 7.32% (LIBOR+300bps), 3/31/25 | 2,239,311 | ||||
1,510,748 | Filtration Group Corporation Initial Euro Term Loan, 7.82% (LIBOR+350bps), 3/31/25 | 1,495,640 | ||||
|
|
|||||
5,579,922 | ||||||
|
|
|||||
Capital Markets (0.1%): |
||||||
718,393 | Medline Borrower, LP Initial Dollar Term Loan, 7.57% (LIBOR+325bps), 10/23/28 | 699,651 | ||||
530,550 | Woof Holdings, Inc. Initial First Lien Term Loan, 8.07% (LIBOR+375bps), 12/21/27 | 506,675 | ||||
|
|
|||||
1,206,326 | ||||||
|
|
|||||
Chemicals (0.7%): |
||||||
4,342,917 | USI, Inc. 2021 New Term Loan, 7.57% (LIBOR+325bps), 12/2/26 | 4,332,060 | ||||
3,885,687 | USI, Inc. 2022 New Term Loan, 8.11% (Term SOFR+375bps), 11/22/29 | 3,868,687 | ||||
|
|
|||||
8,200,747 | ||||||
|
|
|||||
Consumer Discretionary Services (0.3%): |
||||||
3,322,269 | IRB Holding Corp. 2022 Replacement Term B Loan, 7.36% (Term SOFR+300bps), 12/15/27 | 3,261,371 | ||||
|
|
|||||
Diversified Consumer Services (0.5%): |
||||||
3,033,301 | Ascend Learning, LLC 2021 Initial First Lien Term Loan, 7.82% (Term SOFR+350bps), 12/11/28 | 2,794,429 |
Principal Amount | Value | |||||
Bank Loans, continued |
||||||
Diversified Consumer Services, continued |
||||||
$2,612,006 | Loire UK Midco 3 Limited Facility B, 7.32% (LIBOR+300bps), 4/21/27 | $ | 2,491,201 | |||
507,051 | Loire UK Midco 3 Limited Facility B2, 7.82% (LIBOR+350bps), 4/21/27 | 481,277 | ||||
|
|
|||||
5,766,907 | ||||||
|
|
|||||
Electric Utilities (0.5%): |
||||||
5,819,770 | Alliant Holdings I LLC TLB-4 New Term Loan, 7.82% (LIBOR+350bps), 11/5/27 | 5,744,812 | ||||
|
|
|||||
Health Care (0.0%): |
||||||
0 | EyeCare Partners, LLC Initial First Lien Term Loan, 8.07% (LIBOR+375bps), 2/18/27 | | ||||
115,000 | PetVet Care Centers, LLC Initial Second Lien Term Loan, 10.57% (LIBOR+625bps), 2/13/26 | 101,315 | ||||
|
|
|||||
101,315 | ||||||
|
|
|||||
Health Care Providers & Services (0.9%): |
||||||
1,587,124 | ADMI Corp. Amendment No. 4 Refinancing Term Loan, 7.69% (LIBOR+337.5bps), 12/23/27 | 1,465,439 | ||||
3,870,234 | ADMI Corp. Amendment No. 5 Incremental Term Loan, 8.07% (LIBOR+375bps), 12/23/27 | 3,584,804 | ||||
475,859 | ADMI Corp. Initial Term Loan, 4.32% (LIBOR+300bps), 4/30/25 | 456,559 | ||||
569,573 | Heartland Dental, LLC 2021 Incremental Term Loan, 8.32% (LIBOR+400bps), 4/30/25 | 534,806 | ||||
3,957,795 | Heartland Dental, LLC Initial Term Loan, 8.07% (LIBOR+375bps), 4/30/25 | 3,693,454 | ||||
|
|
|||||
9,735,062 | ||||||
|
|
|||||
Hotels, Restaurants & Leisure (0.1%): |
||||||
533,792 | Hilton Worldwide Refinanced Series B-2 Term Loan, 6.11% (Term SOFR+175bps), 6/22/26 | 532,901 | ||||
|
|
|||||
Insurance (3.6%): |
||||||
45,905 | BroadStreet Partners, 2020 Inc. Initial Term Loan, 0.00% (LIBOR+300bps), 1/27/27 | 44,884 | ||||
3,842,307 | HIG Finance 2 Limited 2021 Dollar Refinancing Term Loan, 7.57% (LIBOR+325bps), 11/12/27 | 3,790,859 | ||||
1,050,612 | Hub International Limited 2022 Incremental Term Loan, 8.36% (Term SOFR+400bps), 11/10/29 | 1,046,283 | ||||
20,219,051 | Hub International Limited Initial Term Loan, 7.32% (LIBOR+300bps), 4/25/25 | 20,135,546 | ||||
13,513,716 | Hub International LTD B-3 Incremental Term Loan, 7.57% (LIBOR+325bps), 4/25/25 | 13,467,905 | ||||
1,123,339 | Ryan Specialty Group, LLC Initial Term Loan, 7.36% (Term SOFR+300bps), 9/1/27 | 1,119,126 | ||||
|
|
|||||
39,604,603 | ||||||
|
|
|||||
IT Services (0.0%): |
||||||
84,756 | CoreLogic, Inc. Initial Second Lien Term Loan, 10.82% (LIBOR+650bps), 6/4/29 | 62,349 | ||||
|
|
|||||
Life Sciences Tools & Services (0.1%): |
||||||
1,111,007 | Avantor Funding, Inc. 2021 Incremental B-5 Dollar Term Loan, 6.57% (Term SOFR+225bps), 11/8/27 | 1,108,752 | ||||
|
|
|||||
Media (0.1%): |
||||||
815,600 | Charter Communications Operating LLC Term B-2 Loan, 0.00% (Term SOFR+175bps), 2/1/27 | 807,061 | ||||
543,098 | Charter Communications Operating, LLC Term B-1 Loan, 6.07% (Term SOFR+175bps), 4/30/25 | 542,419 | ||||
|
|
|||||
1,349,480 | ||||||
|
|
See accompanying notes to the schedules of portfolio investments.
208
AZL T. Rowe Price Capital Appreciation Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Bank Loans, continued |
||||||
Pharmaceuticals (0.3%): |
||||||
$2,871,995 | Sunshine Luxembourg VII S.a r.l. Facility B3, 7.32% (LIBOR+300bps), 10/1/26 | $ | 2,841,495 | |||
|
|
|||||
Software (2.8%): |
||||||
1,190,910 | Applied Systems, Inc. 2021 Second Lien Term Loan, 11.11% (LIBOR+550bps), 9/19/25 | 1,188,826 | ||||
6,319,340 | Applied Systems, Inc. 2026 First Lien Term Loan, 0.05% (Term SOFR+450bps), 9/18/26 | 6,301,266 | ||||
1,258,279 | Azalea TopCo, Inc. 2021 First Lien Term Loan, 4.36% (Term SOFR+375bps), 7/24/26 | 1,173,345 | ||||
660,849 | Azalea TopCo, Inc. 2022 Incremental First Lien Term Loan, 8.11% (Term SOFR+375bps), 7/24/26 | 617,894 | ||||
4,630,647 | Azalea TopCo, Inc. Initial First Lien Term Loan, 8.11% (Term SOFR+350bps), 7/24/26 | 4,315,208 | ||||
4,345,341 | RealPage, Inc. Initial First Lien Term Loan, 7.32% (LIBOR+300bps), 4/24/28 | 4,207,507 | ||||
200,000 | RealPage, Inc. Initial Second Lien Loan, 10.82% (LIBOR+650bps), 4/23/29 | 188,250 | ||||
439,957 | Sophia, L.P. 2022 Incremental First Lien Term B-1 Loan, 8.30% (SOFR+400bps), 10/7/27 | 434,457 | ||||
1,572,383 | Sophia, L.P. First Lien Term Loan B, 7.82% (LIBOR+350bps), 10/7/27 | 1,551,753 | ||||
640,750 | UKG Inc. 2021 Incremental Term Loan, 9.57% (Term SOFR+525bps), 5/3/27 | 612,237 | ||||
11,071,249 | UKG Inc. 2021-2 Incremental Term Loan, 7.57% (Term SOFR+325bps), 5/4/26 | 10,771,993 | ||||
|
|
|||||
31,362,736 | ||||||
|
|
|||||
Software & Tech Services (0.5%): |
||||||
554,348 | Athenahealth Group Inc. Initial DDTL, 7.86%, 2/15/29+ | 518,315 | ||||
4,523,848 | Athenahealth Group Inc. Initial Term Loan, 7.86% (Term SOFR+350bps), 2/15/29+ | 4,229,798 | ||||
586,071 | Storable, Inc. Initial Term Loan, 7.86% (Term SOFR+350bps), 4/17/28 | 559,698 | ||||
|
|
|||||
5,307,811 | ||||||
|
|
|||||
Sovereign Bond (0.5%): |
||||||
5,328,076 | Mileage Plus Holdings LLC Initial Term Loan, 9.57% (LIBOR+525bps), 6/21/27 | 5,521,912 | ||||
|
|
|||||
Specialty Retail (0.3%): |
||||||
1,415,006 | PetVet Care Centers, LLC 2018 First Lien Term Loan, 7.57% (LIBOR+325bps), 2/14/25 | 1,358,406 | ||||
2,156,898 | PetVet Care Centers, LLC 2021 First Lien Replacement Term Loan, 7.82% (LIBOR+350bps), 2/14/25 | 2,078,171 | ||||
356,889 | PetVet Care Centers, LLC Initial First Lien Term Loan, 7.07% (LIBOR+275bps), 2/14/25 | 341,543 | ||||
|
|
|||||
3,778,120 | ||||||
|
|
|||||
Telecommunications (0.1%): |
||||||
762,896 | SBA Senior Finance II LLC Initial Term Loan, 6.07% (LIBOR+175bps), 4/11/25 | 761,866 | ||||
|
|
|||||
Total Bank Loans (Cost $135,737,240) |
133,672,245 | |||||
|
|
|||||
Corporate Bonds (9.2%): |
||||||
Aerospace & Defense (0.2%): |
||||||
76,000 | Howmet Aerospace, Inc., 5.90%, 2/1/27 | 77,615 | ||||
570,000 | Howmet Aerospace, Inc., 3.00%, 1/15/29, Callable 11/15/28 @ 100 | 503,025 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Aerospace & Defense, continued |
||||||
$250,000 | TransDigm UK Holdings plc, 6.88%, 5/15/26, Callable 5/11/23 @ 103.44 | $ | 246,250 | |||
904,000 | TransDigm, Inc., 6.25%, 3/15/26, Callable 5/11/23 @ 101.56(a) | 900,610 | ||||
160,000 | TransDigm, Inc., 6.38%, 6/15/26, Callable 5/11/23 @ 101.59 | 156,000 | ||||
730,000 | TransDigm, Inc., 5.50%, 11/15/27, Callable 5/11/23 @ 102.75 | 675,250 | ||||
|
|
|||||
2,558,750 | ||||||
|
|
|||||
Automobile Components (0.3%): |
||||||
467,000 | Clarios Global LP, 6.75%, 5/15/25, Callable 5/11/23 @ 103.38(a) | 468,167 | ||||
643,000 | Clarios Global LP / Clarios US Finance Co., 6.25%, 5/15/26, Callable 5/11/23 @ 103.13(a) | 637,374 | ||||
1,735,000 | Clarios Global LP / Clarios US Finance Co., 8.50%, 5/15/27, Callable 5/11/23 @ 104.25(a) | 1,743,675 | ||||
|
|
|||||
2,849,216 | ||||||
|
|
|||||
Building Products (0.0%): |
||||||
280,000 | Lennox International, Inc., 3.00%, 11/15/23, Callable 9/15/23 @ 100 | 276,191 | ||||
|
|
|||||
Capital Markets (0.4%): |
||||||
152,000 | Intercontinental Exchange, Inc., 4.00%, 9/15/27, Callable 8/15/27 @ 100 | 149,879 | ||||
893,000 | MSCI, Inc., 4.00%, 11/15/29, Callable 11/15/24 @ 102(a) | 812,630 | ||||
1,543,000 | MSCI, Inc., 3.63%, 9/1/30, Callable 3/1/25 @ 101.81(a) | 1,336,624 | ||||
861,000 | MSCI, Inc., 3.88%, 2/15/31, Callable 6/1/25 @ 101.94(a) | 764,137 | ||||
932,000 | MSCI, Inc., 3.63%, 11/1/31, Callable 11/1/26 @ 101.81(a) | 793,365 | ||||
601,000 | MSCI, Inc., 3.25%, 8/15/33, Callable 8/15/27 @ 101.63(a) | 487,561 | ||||
|
|
|||||
4,344,196 | ||||||
|
|
|||||
Consumer Discretionary Services (0.6%): |
||||||
1,301,000 | Cedar Fair LP / Canadas Wonderland Co. / Magnum Management Corp. / Millennium Op, 5.50%, 5/1/25, Callable 5/11/23 @ 101.38(a) | 1,294,495 | ||||
2,088,000 | Cedar Fair LP / Canadas Wonderland Co. / Magnum Management Corp. / Millennium Op, 5.38%, 4/15/27, Callable 5/11/23 @ 101.79 | 1,999,260 | ||||
900,000 | Hilton Domestic Operatin, 5.75%, 5/1/28, Callable 5/11/23 @ 102.88(a) | 900,000 | ||||
834,000 | Hilton Domestic Operating Co., Inc., 3.75%, 5/1/29, Callable 5/1/24 @ 101.88(a) | 744,345 | ||||
720,000 | Hilton Domestic Operating Co., Inc., 4.88%, 1/15/30, Callable 1/15/25 @ 102.44 | 688,500 | ||||
737,000 | Six Flags Theme Parks, Inc., 7.00%, 7/1/25, Callable 5/11/23 @ 103.5(a) | 743,449 | ||||
|
|
|||||
6,370,049 | ||||||
|
|
|||||
Diversified Consumer Services (0.0%): |
||||||
605,000 | Service Corp. International, 3.38%, 8/15/30, Callable 8/15/25 @ 101.69 | 517,275 | ||||
|
|
|||||
Diversified REITs (0.2%): |
||||||
1,357,000 | SBA Communications Corp., 3.88%, 2/15/27, Callable 4/21/23 @ 101.94 | 1,277,276 |
See accompanying notes to the schedules of portfolio investments.
209
AZL T. Rowe Price Capital Appreciation Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Diversified REITs, continued |
||||||
$1,165,000 | SBA Communications Corp., 3.13%, 2/1/29, Callable 2/1/24 @ 101.56 | $ | 1,013,550 | |||
63,000 | SBA Tower Trust, 6.60%, 1/15/28, Callable 1/15/27 @ 100(a) | 64,642 | ||||
|
|
|||||
2,355,468 | ||||||
|
|
|||||
Electric Utilities (0.7%): |
||||||
385,000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 4.25%, 10/15/27, Callable 10/15/23 @ 102.13(a) | 344,575 | ||||
1,819,000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 10/15/27, Callable 5/11/23 @ 103.38(a) | 1,687,122 | ||||
3,812,000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, 4/15/28, Callable 4/15/25 @ 103.38(a) | 3,792,940 | ||||
626,000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 5.88%, 11/1/29, Callable 11/1/24 @ 102.94(a) | 528,970 | ||||
1,867,134 | Alliant TL, 0.00%, 2/8/27 | 1,842,731 | ||||
|
|
|||||
8,196,338 | ||||||
|
|
|||||
Electrical Equipment (0.2%): |
||||||
1,006,000 | Sensata Technologies BV, 4.00%, 4/15/29, Callable 4/15/24 @ 102(a) | 904,142 | ||||
403,000 | Sensata Technologies BV, 5.88%, 9/1/30, Callable 9/1/25 @ 102.94(a) | 399,474 | ||||
290,000 | Sensata Technologies, Inc., 4.38%, 2/15/30, Callable 11/15/29 @ 100(a) | 263,900 | ||||
743,000 | Sensata Technologies, Inc., 3.75%, 2/15/31, Callable 2/15/26 @ 101.88(a) | 646,410 | ||||
|
|
|||||
2,213,926 | ||||||
|
|
|||||
Entertainment (0.0%): |
||||||
100,000 | Live Nation Entertainment, Inc., 4.88%, 11/1/24, Callable 5/11/23 @ 100(a) | 97,750 | ||||
|
|
|||||
Financial Services (0.1%): |
||||||
680,000 | Acrisure LLC / Acrisure Finance, Inc., 7.00%, 11/15/25, Callable 5/11/23 @ 100(a) | 635,800 | ||||
|
|
|||||
Health Care Equipment & Supplies (0.1%): |
||||||
574,000 | Hologic, Inc., 3.25%, 2/15/29, Callable 9/28/23 @ 101.63(a) | 512,295 | ||||
745,000 | Teleflex, Inc., 4.63%, 11/15/27, Callable 4/26/23 @ 102.31 | 718,925 | ||||
130,000 | Teleflex, Inc., 4.25%, 6/1/28, Callable 6/1/23 @ 102.13(a) | 122,525 | ||||
|
|
|||||
1,353,745 | ||||||
|
|
|||||
Health Care Providers & Services (0.2%): |
||||||
1,775,000 | Hadrian Merger Sub, Inc., 8.50%, 5/1/26, Callable 5/11/23 @ 100(a) | 1,464,375 | ||||
714,000 | Surgery Center Holdings, Inc., 10.00%, 4/15/27, Callable 5/11/23 @ 102.5(a) | 728,280 | ||||
|
|
|||||
2,192,655 | ||||||
|
|
|||||
Hotels, Restaurants & Leisure (2.3%): |
||||||
1,838,000 | Cedar Fair LP, 5.25%, 7/15/29, Callable 7/15/24 @ 102.63 | 1,704,745 | ||||
1,584,000 | Cedar Fair LP / Canadas Wonderland Co. / Magnum Management Corp. / Millennium Op, 6.50%, 10/1/28, Callable 10/1/23 @ 103.25 | 1,536,480 |
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Hotels, Restaurants & Leisure, continued |
||||||
$441,000 | Hilton Domestic Operating Co., Inc., 5.38%, 5/1/25, Callable 4/21/23 @ 102.69(a) | $ | 440,449 | |||
934,000 | Hilton Domestic Operating Co., Inc., 4.00%, 5/1/31, Callable 5/1/26 @ 102(a) | 817,250 | ||||
1,160,000 | Hilton Domestic Operating Co., Inc., 3.63%, 2/15/32, Callable 8/15/26 @ 101.81(a) | 978,750 | ||||
349,000 | Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp., 4.88%, 4/1/27, Callable 4/26/23 @ 101.22 | 343,765 | ||||
3,236,000 | KFC Holding Co. /Pizza Hut Holdings LLC /Taco Bell of America LLC, 4.75%, 6/1/27, Callable 5/11/23 @ 102.38(a) | 3,155,100 | ||||
1,273,000 | Life Time, Inc., 5.75%, 1/15/26, Callable 5/11/23 @ 102.88(a) | 1,231,627 | ||||
4,419,000 | Six Flags Entertainment Corp., 4.88%, 7/31/24, Callable 5/11/23 @ 100(a) | 4,352,715 | ||||
2,690,000 | Six Flags Entertainment Corp., 5.50%, 4/15/27, Callable 5/11/23 @ 101.83^(a) | 2,575,675 | ||||
383,000 | Vail Resorts, Inc., 6.25%, 5/15/25, Callable 5/11/23 @ 103.13(a) | 383,479 | ||||
989,000 | Yum! Brands, Inc., 4.75%, 1/15/30, Callable 10/15/29 @ 100(a) | 943,259 | ||||
933,000 | Yum! Brands, Inc., 3.63%, 3/15/31, Callable 12/15/30 @ 100 | 815,209 | ||||
1,974,000 | Yum! Brands, Inc., 4.63%, 1/31/32, Callable 10/1/26 @ 102.31 | 1,833,352 | ||||
1,855,000 | Yum! Brands, Inc., 5.38%, 4/1/32, Callable 4/1/27 @ 102.69 | 1,787,756 | ||||
1,120,000 | Yum! Brands, Inc., 6.88%, 11/15/37 | 1,176,000 | ||||
2,100,000 | Yum! Brands, Inc., 5.35%, 11/1/43, Callable 5/1/43 @ 100 | 1,806,000 | ||||
|
|
|||||
25,881,611 | ||||||
|
|
|||||
Industrial Conglomerates (0.2%): |
||||||
2,346,000 | General Electric Co., Series D, 8.20% (US0003M+333 bps), Callable 6/15/23 @ 100 | 2,350,817 | ||||
|
|
|||||
Insurance (1.1%): |
||||||
510,000 | AmWINS Group, Inc., 4.88%, 6/30/29, Callable 6/30/24 @ 102.44(a) | 451,350 | ||||
486,000 | BroadStreet Partners, Inc., 5.88%, 4/15/29, Callable 4/15/24 @ 102.94(a) | 411,885 | ||||
7,520,000 | HUB International, Ltd., 7.00%, 5/1/26, Callable 4/21/23 @ 101.75(a) | 7,388,400 | ||||
827,000 | HUB International, Ltd., 5.63%, 12/1/29, Callable 12/1/24 @ 102.81(a) | 718,456 | ||||
80,000 | Ryan Specialty Group LLC, 4.38%, 2/1/30, Callable 2/1/25 @ 102.19(a) | 69,900 | ||||
2,713,000 | USI, Inc., 6.88%, 5/1/25, Callable 5/11/23 @ 100(a) | 2,651,958 | ||||
|
|
|||||
11,691,949 | ||||||
|
|
|||||
IT Services (0.2%): |
||||||
228,000 | Black Knight InfoServ LLC, 3.63%, 9/1/28, Callable 9/1/23 @ 101.81(a) | 207,195 | ||||
616,000 | Booz Allen Hamilton, Inc., 3.88%, 9/1/28, Callable 9/1/23 @ 101.94(a) | 560,560 | ||||
379,000 | Booz Allen Hamilton, Inc., 4.00%, 7/1/29, Callable 7/1/24 @ 102(a) | 342,048 | ||||
247,000 | Gartner, Inc., 4.50%, 7/1/28, Callable 7/1/23 @ 102.25(a) | 234,341 |
See accompanying notes to the schedules of portfolio investments.
210
AZL T. Rowe Price Capital Appreciation Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
IT Services, continued |
||||||
$724,000 | Gartner, Inc., 3.63%, 6/15/29, Callable 6/15/24 @ 101.81(a) | $ | 646,170 | |||
341,000 | Gartner, Inc., 3.75%, 10/1/30, Callable 10/1/25 @ 101.88(a) | 305,195 | ||||
|
|
|||||
2,295,509 | ||||||
|
|
|||||
Leisure Products (0.1%): |
||||||
178,000 | Mattel, Inc., 3.38%, 4/1/26, Callable 4/21/23 @ 101.69(a) | 167,543 | ||||
136,000 | Mattel, Inc., 5.88%, 12/15/27, Callable 5/11/23 @ 104.41(a) | 135,320 | ||||
379,000 | Mattel, Inc., 3.75%, 4/1/29, Callable 4/1/24 @ 101.88(a) | 339,205 | ||||
|
|
|||||
642,068 | ||||||
|
|
|||||
Life Sciences Tools & Services (0.6%): |
||||||
2,421,000 | Avantor Funding, Inc., 4.63%, 7/15/28, Callable 7/15/23 @ 102.31(a) | 2,290,871 | ||||
2,264,000 | Avantor Funding, Inc., 3.88%, 11/1/29, Callable 11/1/24 @ 101.94(a) | 2,031,940 | ||||
155,000 | Charles River Laboratories International, Inc., 4.25%, 5/1/28, Callable 5/1/23 @ 102.13(a) | 142,213 | ||||
893,000 | Charles River Laboratories International, Inc., 3.75%, 3/15/29, Callable 3/15/24 @ 101.88(a) | 790,305 | ||||
642,000 | Charles River Laboratories International, Inc., 4.00%, 3/15/31, Callable 3/15/26 @ 102(a) | 560,145 | ||||
350,000 | IQVIA, Inc., 5.00%, 5/15/27, Callable 5/11/23 @ 102.5(a) | 340,375 | ||||
211,000 | PRA Health Sciences, Inc., 2.88%, 7/15/26, Callable 7/15/23 @ 101.44(a) | 191,746 | ||||
|
|
|||||
6,347,595 | ||||||
|
|
|||||
Media (1.2%): |
||||||
350,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 5.50%, 5/1/26, Callable 5/11/23 @ 100.92(a) | 339,500 | ||||
7,600,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 5.13%, 5/1/27, Callable 5/11/23 @ 101.71(a) | 7,182,000 | ||||
5,911,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 5.00%, 2/1/28, Callable 4/26/23 @ 102.5(a) | 5,452,897 | ||||
754,000 | Lamar Media Corp., 3.75%, 2/15/28, Callable 4/26/23 @ 101.88 | 689,910 | ||||
124,000 | Lamar Media Corp., 4.88%, 1/15/29, Callable 1/15/24 @ 102.44 | 117,800 | ||||
120,000 | Lamar Media Corp., 3.63%, 1/15/31, Callable 1/15/26 @ 101.81 | 103,200 | ||||
|
|
|||||
13,885,307 | ||||||
|
|
|||||
Multi-Utilities (0.1%): |
||||||
768,000 | NiSource, Inc., 5.65% (H15T5Y+284 bps), Callable 6/15/23 @ 100 | 727,378 | ||||
|
|
|||||
Passenger Airlines (0.2%): |
||||||
1,150,000 | Delta Air Lines, Inc./SkyMiles IP, Ltd., 4.75%, 10/20/28(a) | 1,103,470 | ||||
1,062,500 | Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets, Ltd., 6.50%, 6/20/27, Callable 6/30/23 @ 103.25(a) | 1,058,516 | ||||
138,057 | U.S. Airways Pass Through Trust, Series 2010-1A, 6.25%, 10/22/24 | 136,676 | ||||
|
|
|||||
2,298,662 | ||||||
|
|
Principal Amount | Value | |||||
Corporate Bonds, continued |
||||||
Professional Services (0.0%): |
||||||
$435,000 | Korn Ferry, 4.63%, 12/15/27, Callable 5/11/23 @ 102.31(a) | $ | 411,075 | |||
|
|
|||||
Semiconductors & Semiconductor Equipment (0.1%): |
| |||||
1,163,000 | Entegris Escrow Corp., 4.75%, 4/15/29, Callable 1/15/29 @ 100(a) | 1,096,128 | ||||
|
|
|||||
Software (0.1%): |
||||||
306,000 | Clarivate Science Holdings Corp., 3.88%, 7/1/28, Callable 6/30/24 @ 101.94(a) | 272,340 | ||||
220,000 | Clarivate Science Holdings Corp., 4.88%, 7/1/29, Callable 6/30/24 @ 102.44(a) | 195,250 | ||||
60,000 | Crowdstrike Holdings, Inc., 3.00%, 2/15/29, Callable 2/15/24 @ 101.5 | 52,200 | ||||
150,000 | PTC, Inc., 4.00%, 2/15/28, Callable 5/11/23 @ 102(a) | 140,250 | ||||
|
|
|||||
660,040 | ||||||
|
|
|||||
Total Corporate Bonds (Cost $104,682,554) |
102,249,498 | |||||
|
|
|||||
Yankee Debt Obligations (0.2%): |
||||||
Commercial Services & Supplies (0.1%): |
||||||
45,000 | GFL Environmental, Inc., 4.00%, 8/1/28, Callable 8/1/23 @ 102(a) | 40,388 | ||||
479,000 | GFL Environmental, Inc., 4.75%, 6/15/29, Callable 6/15/24 @ 102.38(a) | 441,877 | ||||
403,000 | GFL Environmental, Inc., 4.38%, 8/15/29, Callable 8/15/24 @ 102.19(a) | 362,700 | ||||
|
|
|||||
844,965 | ||||||
|
|
|||||
Diversified Telecommunication Services (0.1%): |
||||||
1,325,000 | Altice France Holding SA, 10.50%, 5/15/27, Callable 4/21/23 @ 105.25(a) | 1,010,313 | ||||
|
|
|||||
Electrical Equipment (0.0%): |
||||||
260,000 | Sensata Technologies BV, 5.63%, 11/1/24(a) | 259,350 | ||||
565,000 | Sensata Technologies BV, 5.00%, 10/1/25(a) | 559,350 | ||||
|
|
|||||
818,700 | ||||||
|
|
|||||
Total Yankee Debt Obligations (Cost $3,005,360) |
2,673,978 | |||||
|
|
|||||
U.S. Treasury Obligations (9.0%): |
||||||
U.S. Treasury Notes (9.0%) |
||||||
53,374,300 | 2.75%, 8/15/32 | 50,171,842 | ||||
47,045,500 | 4.13%, 11/15/32 | 49,397,775 | ||||
|
|
|||||
99,569,617 | ||||||
|
|
|||||
Total U.S. Treasury Obligations (Cost $97,591,454) |
99,569,617 | |||||
|
|
|||||
Short-Term Security Held as Collateral for Securities on Loan (0.2%): |
||||||
1,865,314 | BlackRock Liquidity FedFund, Institutional Class , 2.54%(b)(c) | 1,865,314 | ||||
|
|
|||||
Total Short-Term Security Held as Collateral for Securities on Loan (Cost $1,865,314) |
1,865,314 | |||||
|
|
|||||
Shares | ||||||
Unaffiliated Investment Company (3.7%): |
| |||||
Money Markets (3.7%): |
||||||
41,320,584 | Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 4.43%(c) | 41,320,584 | ||||
|
|
|||||
Total Unaffiliated Investment Company (Cost $41,320,584) |
41,320,584 | |||||
|
|
See accompanying notes to the schedules of portfolio investments.
211
AZL T. Rowe Price Capital Appreciation Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Shares |
Value | |||
Unaffiliated Investment Company, continued |
||||
Money Markets, continued |
Total Investment Securities (Cost $1,043,863,124) 100.4% |
$ | 1,112,399,113 | ||
Net other assets (liabilities) (0.4)% |
(4,459,781 | ) | ||
|
|
|||
Net Assets 100.0% |
$ | 1,107,939,332 | ||
|
|
Percentages indicated are based on net assets as of March 31, 2023 | ||||
H15T5Y | - | 5 Year Treasury Constant Maturity Rate | ||
LIBOR | - | London Interbank Offered Rate | ||
SOFR | - | Secured Overnight Financing Rate | ||
US0003M | - | 3 Month US Dollar LIBOR |
^ | This security or a partial position of this security was on loan as of March 31, 2023. The total value of securities on loan as of March 31, 2023 was $1,813,890. |
| Represents less than 0.05%. |
* | Non-income producing security. |
+ | This security, in part or entirely, represents an unfunded loan commitment. |
(a) | Rule 144A, Section 4(2) or other security which is restricted to resale to institutional investors. |
(b) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2023. |
(c) | The rate represents the effective yield at March 31, 2023. |
Amounts shown as are either 0 or round to less than 1.
Options Contracts
At March 31, 2023, the Funds over-the-counter options written were as follows:
Description | Counterparty | Put/Call | Strike Price | Expiration Date | Contracts | Notional Amount(a) |
Fair Value | |||||||||||
Abbvie, Inc. |
Citigroup | Call | 155.00 USD | 1/19/24 | 94 | $ | 14,570 | $ | (142,290) | |||||||||
Abbvie, Inc. |
Citigroup | Call | 160.00 USD | 1/19/24 | 94 | 15,040 | (115,066) | |||||||||||
Abbvie, Inc. |
Citigroup | Call | 170.00 USD | 1/19/24 | 120 | 20,400 | (90,129) | |||||||||||
Abbvie, Inc. |
JPMorgan Chase | Call | 175.00 USD | 1/19/24 | 59 | 10,325 | (34,006) | |||||||||||
Abbvie, Inc. |
JPMorgan Chase | Call | 180.00 USD | 1/19/24 | 31 | 5,580 | (13,687) | |||||||||||
Abbvie, Inc. |
JPMorgan Chase | Call | 185.00 USD | 1/19/24 | 31 | 5,735 | (10,512) | |||||||||||
Abbvie, Inc. |
JPMorgan Chase | Call | 195.00 USD | 1/19/24 | 31 | 6,045 | (6,269) | |||||||||||
Abbvie, Inc. |
JPMorgan Chase | Call | 200.00 USD | 1/19/24 | 31 | 6,200 | (4,864) | |||||||||||
Alphabet, Inc. |
Citigroup | Call | 102.50 USD | 1/19/24 | 78 | 7,995 | (112,912) | |||||||||||
Alphabet, Inc. |
Wells Fargo | Call | 120.00 USD | 1/19/24 | 276 | 33,120 | (183,196) | |||||||||||
Amazon.com, Inc. |
Wells Fargo | Call | 107.50 USD | 1/19/24 | 91 | 9,783 | (121,458) | |||||||||||
Amazon.com, Inc. |
Wells Fargo | Call | 110.00 USD | 1/19/24 | 181 | 19,910 | (220,557) | |||||||||||
Amazon.com, Inc. |
Wells Fargo | Call | 115.00 USD | 1/19/24 | 351 | 40,365 | (353,955) | |||||||||||
Amazon.com, Inc. |
Wells Fargo | Call | 120.00 USD | 1/19/24 | 91 | 10,920 | (75,178) | |||||||||||
Amazon.com, Inc. |
Wells Fargo | Call | 135.00 USD | 1/19/24 | 152 | 20,520 | (65,870) | |||||||||||
Apple, Inc. |
JPMorgan Chase | Call | 145.00 USD | 1/19/24 | 76 | 11,020 | (242,172) | |||||||||||
Apple, Inc. |
JPMorgan Chase | Call | 150.00 USD | 1/19/24 | 151 | 22,650 | (428,670) | |||||||||||
Apple, Inc. |
JPMorgan Chase | Call | 155.00 USD | 1/19/24 | 151 | 23,405 | (378,539) | |||||||||||
Apple, Inc. |
JPMorgan Chase | Call | 180.00 USD | 1/19/24 | 110 | 19,800 | (126,280) | |||||||||||
Becton Dickinson And Co. |
Goldman Sachs | Call | 270.00 USD | 1/19/24 | 46 | 12,420 | (48,473) | |||||||||||
Becton Dickinson And Co. |
Goldman Sachs | Call | 280.00 USD | 1/19/24 | 45 | 12,600 | (33,788) | |||||||||||
Becton Dickinson And Co. |
Goldman Sachs | Call | 290.00 USD | 1/19/24 | 31 | 8,990 | (16,783) | |||||||||||
Becton Dickinson And Co. |
Goldman Sachs | Call | 300.00 USD | 1/19/24 | 31 | 9,300 | (12,248) | |||||||||||
CME Group, Inc. |
Wells Fargo | Call | 190.00 USD | 1/19/24 | 11 | 2,090 | (20,887) | |||||||||||
CME Group, Inc. |
Wells Fargo | Call | 200.00 USD | 1/19/24 | 11 | 2,200 | (14,801) | |||||||||||
CME Group, Inc. |
Wells Fargo | Call | 210.00 USD | 1/19/24 | 11 | 2,310 | (10,039) | |||||||||||
Danaher Corp. |
JPMorgan Chase | Call | 290.00 USD | 1/19/24 | 76 | 22,040 | (85,806) | |||||||||||
Danaher Corp. |
JPMorgan Chase | Call | 300.00 USD | 1/19/24 | 16 | 4,800 | (13,980) | |||||||||||
Danaher Corp. |
JPMorgan Chase | Call | 310.00 USD | 1/19/24 | 16 | 4,960 | (10,907) | |||||||||||
Danaher Corp. |
JPMorgan Chase | Call | 320.00 USD | 1/19/24 | 16 | 5,120 | (8,571) | |||||||||||
Dollar General Corp. |
Wells Fargo | Call | 250.00 USD | 1/19/24 | 12 | 3,000 | (7,397) | |||||||||||
Dollar General Corp. |
Wells Fargo | Call | 270.00 USD | 1/19/24 | 11 | 2,970 | (3,632) | |||||||||||
Equifax, Inc. |
Citigroup | Call | 220.00 USD | 12/15/23 | 49 | 10,780 | (80,813) | |||||||||||
Equifax, Inc. |
Citigroup | Call | 230.00 USD | 12/15/23 | 27 | 6,210 | (34,182) | |||||||||||
Equifax, Inc. |
Citigroup | Call | 240.00 USD | 12/15/23 | 88 | 21,120 | (85,204) | |||||||||||
Exelon Corp. |
JPMorgan Chase | Call | 45.00 USD | 1/19/24 | 414 | 18,630 | (94,913) | |||||||||||
Exelon Corp. |
JPMorgan Chase | Call | 47.00 USD | 1/19/24 | 102 | 4,794 | (16,223) | |||||||||||
Exelon Corp. |
JPMorgan Chase | Call | 50.00 USD | 1/19/24 | 117 | 5,850 | (10,688) |
See accompanying notes to the schedules of portfolio investments.
212
AZL T. Rowe Price Capital Appreciation Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Description | Counterparty | Put/Call | Strike Price | Expiration Date | Contracts | Notional Amount(a) |
Fair Value | |||||||||||
Fortive Corp. |
Citigroup | Call | 75.00 USD | 6/16/23 | 62 | $ | 4,650 | $ | (6,226) | |||||||||
General Electric Co. |
Wells Fargo | Call | 90.00 USD | 1/19/24 | 102 | 9,180 | (162,761) | |||||||||||
General Electric Co. |
Wells Fargo | Call | 95.00 USD | 1/19/24 | 102 | 9,690 | (132,536) | |||||||||||
Hilton Worldwide Holdings |
Wells Fargo | Call | 140.00 USD | 1/19/24 | 16 | 2,240 | (28,882) | |||||||||||
Hilton Worldwide Holdings |
Wells Fargo | Call | 145.00 USD | 1/19/24 | 87 | 12,615 | (132,614) | |||||||||||
Hilton Worldwide Holdings |
Wells Fargo | Call | 150.00 USD | 1/19/24 | 88 | 13,200 | (111,704) | |||||||||||
Hilton Worldwide Holdings |
Wells Fargo | Call | 155.00 USD | 1/19/24 | 16 | 2,480 | (16,710) | |||||||||||
Ingersoll Rand, Inc. |
Goldman Sachs | Call | 60.00 USD | 12/15/23 | 61 | 3,660 | (36,658) | |||||||||||
Intercontinental Exchange, Inc. |
Citigroup | Call | 110.00 USD | 1/19/24 | 148 | 16,280 | (107,971) | |||||||||||
Keurig Dr Pepper, Inc. |
Citigroup | Call | 37.00 USD | 1/19/24 | 80 | 2,960 | (14,169) | |||||||||||
Keurig Dr Pepper, Inc. |
Citigroup | Call | 40.00 USD | 1/19/24 | 79 | 3,160 | (6,065) | |||||||||||
KKR Co., Inc. |
UBS | Call | 55.00 USD | 1/19/24 | 74 | 4,070 | (44,785) | |||||||||||
Marsh McLennan Cos. |
Goldman Sachs | Call | 185.00 USD | 7/21/23 | 47 | 8,695 | (6,738) | |||||||||||
Marsh McLennan Cos. |
Goldman Sachs | Call | 190.00 USD | 7/21/23 | 47 | 8,930 | (3,790) | |||||||||||
Marsh McLennan Cos. |
Goldman Sachs | Call | 195.00 USD | 7/21/23 | 47 | 9,165 | (2,122) | |||||||||||
Marsh McLennan Cos. |
Goldman Sachs | Call | 200.00 USD | 7/21/23 | 47 | 9,400 | (1,187) | |||||||||||
Marsh McLennan Cos. |
Goldman Sachs | Call | 180.00 USD | 1/19/24 | 59 | 10,620 | (45,737) | |||||||||||
Mastercard, Inc. |
Goldman Sachs | Call | 380.00 USD | 1/19/24 | 31 | 11,780 | (92,530) | |||||||||||
Mastercard, Inc. |
Goldman Sachs | Call | 400.00 USD | 1/19/24 | 75 | 30,000 | (154,925) | |||||||||||
Mastercard, Inc. |
Goldman Sachs | Call | 420.00 USD | 1/19/24 | 31 | 13,020 | (42,727) | |||||||||||
Mastercard, Inc. |
Goldman Sachs | Call | 430.00 USD | 1/19/24 | 31 | 13,330 | (34,744) | |||||||||||
Microsoft Corp. |
UBS | Call | 275.00 USD | 1/19/24 | 53 | 14,575 | (216,022) | |||||||||||
Microsoft Corp. |
UBS | Call | 290.00 USD | 1/19/24 | 53 | 15,370 | (169,353) | |||||||||||
Microsoft Corp. |
JPMorgan Chase | Call | 300.00 USD | 1/19/24 | 223 | 66,900 | (594,631) | |||||||||||
Microsoft Corp. |
UBS | Call | 300.00 USD | 1/19/24 | 53 | 15,900 | (141,325) | |||||||||||
New Linde plc |
Wells Fargo | Call | 390.00 USD | 1/19/24 | 15 | 5,850 | (30,046) | |||||||||||
NXP Semiconductors NV |
Wells Fargo | Call | 170.00 USD | 1/19/24 | 47 | 7,990 | (163,968) | |||||||||||
NXP Semiconductors NV |
Wells Fargo | Call | 180.00 USD | 1/19/24 | 93 | 16,740 | (270,181) | |||||||||||
NXP Semiconductors NV |
Wells Fargo | Call | 185.00 USD | 1/19/24 | 93 | 17,205 | (245,011) | |||||||||||
NXP Semiconductors NV |
Wells Fargo | Call | 195.00 USD | 1/19/24 | 93 | 18,135 | (198,771) | |||||||||||
NXP Semiconductors NV |
Wells Fargo | Call | 200.00 USD | 1/19/24 | 59 | 11,800 | (112,845) | |||||||||||
PerkinElmer, Inc. |
Citigroup | Call | 155.00 USD | 6/16/23 | 7 | 1,085 | (878) | |||||||||||
PerkinElmer, Inc. |
Citigroup | Call | 165.00 USD | 6/16/23 | 7 | 1,155 | (371) | |||||||||||
PerkinElmer, Inc. |
Citigroup | Call | 170.00 USD | 6/16/23 | 7 | 1,190 | (241) | |||||||||||
PerkinElmer, Inc. |
Citigroup | Call | 175.00 USD | 6/16/23 | 7 | 1,225 | (157) | |||||||||||
PerkinElmer, Inc. |
Citigroup | Call | 155.00 USD | 9/15/23 | 39 | 6,045 | (15,729) | |||||||||||
PerkinElmer, Inc. |
Citigroup | Call | 165.00 USD | 9/15/23 | 39 | 6,435 | (10,433) | |||||||||||
PerkinElmer, Inc. |
Citigroup | Call | 170.00 USD | 9/15/23 | 39 | 6,630 | (8,622) | |||||||||||
PerkinElmer, Inc. |
Citigroup | Call | 175.00 USD | 9/15/23 | 39 | 6,825 | (7,180) | |||||||||||
PNC Financial Services Group, Inc. (The) |
JPMorgan Chase | Call | 170.00 USD | 1/19/24 | 36 | 6,120 | (12,511) | |||||||||||
PNC Financial Services Group, Inc. (The) |
JPMorgan Chase | Call | 175.00 USD | 1/19/24 | 59 | 10,325 | (17,468) | |||||||||||
PNC Financial Services Group, Inc. (The) |
JPMorgan Chase | Call | 185.00 USD | 1/19/24 | 24 | 4,440 | (5,208) | |||||||||||
PNC Financial Services Group, Inc. (The) |
JPMorgan Chase | Call | 190.00 USD | 1/19/24 | 24 | 4,560 | (4,474) | |||||||||||
PNC Financial Services Group, Inc. (The) |
JPMorgan Chase | Call | 200.00 USD | 1/19/24 | 24 | 4,800 | (3,299) | |||||||||||
Roper Technologies, Inc. |
Citigroup | Call | 470.00 USD | 8/18/23 | 30 | 14,100 | (40,181) | |||||||||||
Roper Technologies, Inc. |
Citigroup | Call | 480.00 USD | 8/18/23 | 8 | 3,840 | (7,844) | |||||||||||
Roper Technologies, Inc. |
Citigroup | Call | 500.00 USD | 8/18/23 | 8 | 4,000 | (3,917) | |||||||||||
Roper Technologies, Inc. |
Citigroup | Call | 520.00 USD | 8/18/23 | 8 | 4,160 | (1,874) | |||||||||||
Roper Technologies, Inc. |
Citigroup | Call | 540.00 USD | 8/18/23 | 8 | 4,320 | (897) | |||||||||||
S&P Global, Inc. |
Bank of America | Call | 370.00 USD | 1/19/24 | 11 | 4,070 | (26,945) | |||||||||||
S&P Global, Inc. |
Bank of America | Call | 390.00 USD | 1/19/24 | 11 | 4,290 | (18,608) | |||||||||||
S&P Global, Inc. |
Bank of America | Call | 400.00 USD | 1/19/24 | 11 | 4,400 | (15,445) | |||||||||||
S&P Global, Inc. |
Bank of America | Call | 410.00 USD | 1/19/24 | 5 | 2,050 | (5,847) | |||||||||||
S&P Global, Inc. |
Bank of America | Call | 420.00 USD | 1/19/24 | 11 | 4,620 | (10,746) | |||||||||||
S&P Global, Inc. |
Bank of America | Call | 430.00 USD | 1/19/24 | 5 | 2,150 | (4,095) | |||||||||||
S&P Global, Inc. |
Bank of America | Call | 450.00 USD | 1/19/24 | 5 | 2,250 | (2,910) | |||||||||||
S&P Global, Inc. |
Bank of America | Call | 470.00 USD | 1/19/24 | 5 | 2,350 | (2,083) | |||||||||||
Salesforce.com, Inc. |
Goldman Sachs | Call | 160.00 USD | 1/19/24 | 39 | 6,240 | (210,595) | |||||||||||
Salesforce.com, Inc. |
Goldman Sachs | Call | 165.00 USD | 1/19/24 | 77 | 12,705 | (387,761) | |||||||||||
Salesforce.com, Inc. |
Goldman Sachs | Call | 170.00 USD | 1/19/24 | 38 | 6,460 | (177,958) |
See accompanying notes to the schedules of portfolio investments.
213
AZL T. Rowe Price Capital Appreciation Fund
Schedule of Portfolio Investments
March 31, 2023 (Unaudited)
Description | Counterparty | Put/Call | Strike Price | Expiration Date | Contracts | Notional Amount(a) |
Fair Value | |||||||||||
Starbucks Corp. |
Goldman Sachs | Call | 100.00 USD | 1/19/24 | 87 | $ | 8,700 | $ | (115,940) | |||||||||
Starbucks Corp. |
Goldman Sachs | Call | 105.00 USD | 1/19/24 | 87 | 9,135 | (90,911) | |||||||||||
Stryker Corp. |
Wells Fargo | Call | 270.00 USD | 1/19/24 | 32 | 8,640 | (128,838) | |||||||||||
Stryker Corp. |
Wells Fargo | Call | 280.00 USD | 1/19/24 | 32 | 8,960 | (108,302) | |||||||||||
Stryker Corp. |
Wells Fargo | Call | 290.00 USD | 1/19/24 | 32 | 9,280 | (89,266) | |||||||||||
Stryker Corp. |
Wells Fargo | Call | 300.00 USD | 1/19/24 | 32 | 9,600 | (72,066) | |||||||||||
Stryker Corp. |
Wells Fargo | Call | 310.00 USD | 1/19/24 | 22 | 6,820 | (39,286) | |||||||||||
TE Connectivity, Ltd. |
JPMorgan Chase | Call | 125.00 USD | 7/21/23 | 24 | 3,000 | (27,335) | |||||||||||
TE Connectivity, Ltd. |
JPMorgan Chase | Call | 130.00 USD | 7/21/23 | 47 | 6,110 | (37,682) | |||||||||||
TE Connectivity, Ltd. |
JPMorgan Chase | Call | 135.00 USD | 7/21/23 | 47 | 6,345 | (25,024) | |||||||||||
TE Connectivity, Ltd. |
JPMorgan Chase | Call | 140.00 USD | 7/21/23 | 47 | 6,580 | (16,393) | |||||||||||
Teledyne Technologies, Inc. |
JPMorgan Chase | Call | 440.00 USD | 6/16/23 | 8 | 3,520 | (21,221) | |||||||||||
Teledyne Technologies, Inc. |
JPMorgan Chase | Call | 460.00 USD | 6/16/23 | 8 | 3,680 | (12,335) | |||||||||||
Teledyne Technologies, Inc. |
JPMorgan Chase | Call | 480.00 USD | 6/16/23 | 8 | 3,840 | (6,333) | |||||||||||
Teledyne Technologies, Inc. |
JPMorgan Chase | Call | 500.00 USD | 6/16/23 | 8 | 4,000 | (2,973) | |||||||||||
Texas Instruments, Inc. |
Bank of America | Call | 180.00 USD | 1/19/24 | 62 | 11,160 | (141,376) | |||||||||||
Texas Instruments, Inc. |
Bank of America | Call | 190.00 USD | 1/19/24 | 62 | 11,780 | (107,021) | |||||||||||
Texas Instruments, Inc. |
Bank of America | Call | 195.00 USD | 1/19/24 | 62 | 12,090 | (91,758) | |||||||||||
Texas Instruments, Inc. |
Bank of America | Call | 200.00 USD | 1/19/24 | 172 | 34,400 | (216,200) | |||||||||||
Thermo Fisher Scientific, Inc. |
JPMorgan Chase | Call | 610.00 USD | 1/19/24 | 8 | 4,880 | (35,489) | |||||||||||
Thermo Fisher Scientific, Inc. |
JPMorgan Chase | Call | 630.00 USD | 1/19/24 | 8 | 5,040 | (28,103) | |||||||||||
Thermo Fisher Scientific, Inc. |
JPMorgan Chase | Call | 660.00 USD | 1/19/24 | 8 | 5,280 | (19,484) | |||||||||||
Thermo Fisher Scientific, Inc. |
JPMorgan Chase | Call | 690.00 USD | 1/19/24 | 8 | 5,520 | (13,589) | |||||||||||
Transunion |
Goldman Sachs | Call | 65.00 USD | 10/20/23 | 32 | 2,080 | (20,365) | |||||||||||
Transunion |
Goldman Sachs | Call | 70.00 USD | 10/20/23 | 32 | 2,240 | (13,960) | |||||||||||
UnitedHealth Group, Inc. |
Citigroup | Call | 580.00 USD | 1/19/24 | 49 | 28,420 | (42,149) | |||||||||||
UnitedHealth Group, Inc. |
JPMorgan Chase | Call | 600.00 USD | 1/19/24 | 52 | 31,200 | (31,914) | |||||||||||
Visa, Inc. |
Goldman Sachs | Call | 230.00 USD | 1/19/24 | 46 | 10,580 | (94,676) | |||||||||||
Visa, Inc. |
Goldman Sachs | Call | 240.00 USD | 1/19/24 | 46 | 11,040 | (70,590) | |||||||||||
Visa, Inc. |
Goldman Sachs | Call | 250.00 USD | 1/19/24 | 46 | 11,500 | (50,668) | |||||||||||
Visa, Inc. |
Goldman Sachs | Call | 260.00 USD | 1/19/24 | 46 | 11,960 | (35,549) | |||||||||||
Waste Management, Inc. |
JPMorgan Chase | Call | 145.00 USD | 6/16/23 | 24 | 3,480 | (6,619) | |||||||||||
Waste Management, Inc. |
JPMorgan Chase | Call | 150.00 USD | 6/16/23 | 24 | 3,600 | (3,836) | |||||||||||
Waste Management, Inc. |
JPMorgan Chase | Call | 160.00 USD | 6/16/23 | 24 | 3,840 | (1,379) | |||||||||||
Waste Management, Inc. |
JPMorgan Chase | Call | 165.00 USD | 6/16/23 | 24 | 3,960 | (845) | |||||||||||
Yum! Brands, Inc. |
Wells Fargo | Call | 140.00 USD | 1/19/24 | 211 | 29,540 | (151,131) | |||||||||||
Yum! Brands, Inc. |
Citigroup | Call | 145.00 USD | 1/19/24 | 53 | 7,685 | (27,793) | |||||||||||
Yum! Brands, Inc. |
Citigroup | Call | 150.00 USD | 1/19/24 | 53 | 7,950 | (20,525) | |||||||||||
|
|
|||||||||||||||||
Total (Premiums $8,187,320) |
$ | (9,685,880) | ||||||||||||||||
|
|
See accompanying notes to the schedules of portfolio investments.
214
ALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
NOTES TO THE SCHEDULES OF PORTFOLIO INVESTMENTS
March 31, 2023 (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 or is an affiliate of the security. At March 31, 2023, the following investments are noted as affiliated securities in each Funds Schedule of Portfolio Investments.
Net Change in | ||||||||||||||||||||||||||||||||||||
Net | Unrealized | Capital | ||||||||||||||||||||||||||||||||||
Value | Purchases | Proceeds from | Realized | Appreciation/ | Value | Shares as of | Dividend | Gains | ||||||||||||||||||||||||||||
12/31/2022 | at Cost | Sales | Gains (Losses) | Depreciation | 3/31/2023 | 3/31/2023 | Income | Distributions | ||||||||||||||||||||||||||||
AZL International Index Fund |
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Allianz SE, Registered Shares |
$ | 7,909,903 | $ | 539,571 | $ | (1,446,767 | ) | $ | 191,158 | $ | 424,597 | $ | 7,618,462 | 33,006 | $ | - | $ | - | ||||||||||||||||||
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$ | 7,909,903 | $ | 539,571 | $ | (1,446,767 | ) | $ | 191,158 | $ | 424,597 | $ | 7,618,462 | 33,006 | $ | - | $ | - | |||||||||||||||||||
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Net Change in | Net Realized | |||||||||||||||||||||||||||||||||||
Net | Unrealized | Gains Distributions | ||||||||||||||||||||||||||||||||||
Value | Purchases | Proceeds from | Realized | Appreciation/ | Value | Shares as of | Dividend | from Affiliated | ||||||||||||||||||||||||||||
12/31/2022 | at Cost | Sales | Gains (Losses) | Depreciation | 3/31/2023 | 3/31/2023 | Income | Underlying Funds | ||||||||||||||||||||||||||||
AZL Moderate Index Strategy Fund |
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AZL Enhanced Bond Index Fund |
$ | 570,683,693 | $ | 151,967 | $ | (9,824,168 | ) | $ | (1,835,069 | ) | $ | 18,654,653 | $ | 577,831,076 | 59,204,004 | $ | - | $ | - | |||||||||||||||||
AZL International Index Fund, Class 2 |
216,290,154 | - | (12,260,543 | ) | (2,334,545 | ) | 20,091,873 | 221,786,939 | 13,409,126 | - | - | |||||||||||||||||||||||||
AZL Mid Cap Index Fund, Class 2 |
130,847,055 | - | (9,754,714 | ) | (3,531,639 | ) | 8,789,009 | 126,349,711 | 6,349,232 | - | - | |||||||||||||||||||||||||
AZL S&P 500 Index Fund, Class 2 |
449,858,814 | - | (17,287,778 | ) | (4,720,646 | ) | 37,549,213 | 465,399,603 | 25,599,538 | - | - | |||||||||||||||||||||||||
AZL Small Cap Stock Index Fund, Class 2 |
65,801,250 | - | (4,905,832 | ) | (1,823,094 | ) | 3,636,633 | 62,708,957 | 5,355,163 | - | - | |||||||||||||||||||||||||
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$ | 1,433,480,966 | $ | 151,967 | $ | (54,033,035 | ) | $ | (14,244,993 | ) | $ | 88,721,381 | $ | 1,454,076,286 | 109,917,063 | $ | - | $ | - | ||||||||||||||||||
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Net Change in | ||||||||||||||||||||||||||||||||||||
Net | Unrealized | Capital | ||||||||||||||||||||||||||||||||||
Value | Purchases | Proceeds from | Realized | Appreciation/ | Value | Shares as of | Dividend | Gains | ||||||||||||||||||||||||||||
12/31/2022 | at Cost | Sales | Gains (Losses) | Depreciation | 3/31/2023 | 3/31/2023 | Income | Distributions | ||||||||||||||||||||||||||||
AZL MSCI Global Equity Index Fund |
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Allianz SE, Registered Shares |
$ | 658,102 | $ | 52,990 | $ | (46,830 | ) | $ | (961 | ) | $ | 47,857 | $ | 711,158 | 3,081 | $ | - | $ | - | |||||||||||||||||
BlackRock Inc., Class A |
781,618 | 59,346 | (20,447 | ) | (4,650 | ) | (45,710 | ) | 770,157 | 1,151 | 5,755 | - | ||||||||||||||||||||||||
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$ | 1,439,720 | $ | 112,336 | $ | (67,277 | ) | $ | (5,611 | ) | $ | 2,147 | $ | 1,481,315 | 4,232 | $ | 5,755 | $ | - | ||||||||||||||||||
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Net Change in | ||||||||||||||||||||||||||||||||||||
Net | Unrealized | Capital | ||||||||||||||||||||||||||||||||||
Value | Purchases | Proceeds from | Realized | Appreciation/ | Value | Shares as of | Dividend | Gains | ||||||||||||||||||||||||||||
12/31/2022 | at Cost | Sales | Gains (Losses) | Depreciation | 3/31/2023 | 3/31/2023 | Income | Distributions | ||||||||||||||||||||||||||||
AZL Russell 1000 Value Index Fund |
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BlackRock Inc., Class A |
$ | 5,336,693 | $ | 57,153 | $ | (1,507,352 | ) | $ | (283,729 | ) | $ | 4,461 | $ | 3,607,226 | 5,391 | $ | 37,065 | $ | - | |||||||||||||||||
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$ | 5,336,693 | $ | 57,153 | $ | (1,507,352 | ) | $ | (283,729 | ) | $ | 4,461 | $ | 3,607,226 | 5,391 | $ | 37,065 | $ | - | ||||||||||||||||||
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Net Change in | ||||||||||||||||||||||||||||||||||||
Net | Unrealized | Capital | ||||||||||||||||||||||||||||||||||
Value | Purchases | Proceeds from | Realized | Appreciation/ | Value | Shares as of | Dividend | Gains | ||||||||||||||||||||||||||||
12/31/2022 | at Cost | Sales | Gains (Losses) | Depreciation | 3/31/2023 | 3/31/2023 | Income | Distributions | ||||||||||||||||||||||||||||
AZL S&P 500 Index Fund |
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BlackRock Inc., Class A |
$ | 7,952,955 | $ | 402,476 | $ | (329,028 | ) | $ | (73,184 | ) | $ | (333,950 | ) | $ | 7,619,269 | 11,387 | $ | 54,910 | $ | - | ||||||||||||||||
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$ | 7,952,955 | $ | 402,476 | $ | (329,028 | ) | $ | (73,184 | ) | $ | (333,950 | ) | $ | 7,619,269 | 11,387 | $ | 54,910 | $ | - | |||||||||||||||||
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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 Trustees. Not all restricted securities are considered illiquid. The illiquid restricted securities held as of March 31, 2023 are identified below.
AZL Fidelity Institutional Asset Management Multi-Strategy Fund
Security | Acquisition Date |
Acquisition Cost |
Shares or Principal Amount |
Fair Value | Percentage of Net Assets |
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Mesquite Energy, Inc., 15.00%, 7/15/23 |
7/10/20 | $ | 26,314 | 31,702 | $ | 194,105 | 0.01 | % | ||||||||||||
Mesquite Energy, Inc., 15.00%, 7/15/23 |
11/5/20 | 46,000 | 54,850 | 335,836 | 0.02 | % | ||||||||||||||
Sanchez Energy Corp., 7.25%, 2/15/23 |
10/30/18 | 256,808 | 278,000 | | 0.00 | % |
AZL Fidelity Institutional Asset Management Total Bond Fund
Security | Acquisition Date |
Acquisition Cost |
Shares or Principal Amount |
Fair Value | Percentage of Net Assets |
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Mesquite Energy, Inc., 15.00%, 7/15/23 |
7/10/20 | $ | 38,899 | 46,865 | $ | 286,945 | 0.17 | % | ||||||||||||
Mesquite Energy, Inc., 15.00%, 7/15/23 |
11/5/20 | 67,000 | 79,890 | 489,150 | 0.29 | % | ||||||||||||||
Sanchez Energy Corp., 7.25%, 2/15/23 |
10/30/18 | 420,525 | 408,000 | | 0.00 | % |