0001752724-24-127058.txt : 20240530
0001752724-24-127058.hdr.sgml : 20240530
20240530084607
ACCESSION NUMBER: 0001752724-24-127058
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20240331
FILED AS OF DATE: 20240530
DATE AS OF CHANGE: 20240530
PERIOD START: 20241231
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Allianz Variable Insurance Products Fund of Funds Trust
CENTRAL INDEX KEY: 0001301708
ORGANIZATION NAME:
IRS NUMBER: 411366075
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: NPORT-P
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-21624
FILM NUMBER: 241000920
BUSINESS ADDRESS:
STREET 1: 5701 GOLDEN HILLS DRIVE
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55416
BUSINESS PHONE: 763-765-6551
MAIL ADDRESS:
STREET 1: 5701 GOLDEN HILLS DRIVE
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55416
FORMER COMPANY:
FORMER CONFORMED NAME: USAllianz Variable Insurance Products Fund of Funds Trust
DATE OF NAME CHANGE: 20040827
0001301708
S000043683
AZL MVP T. Rowe Price Capital Appreciation Plus Fund
C000135433
AZL MVP T. Rowe Price Capital Appreciation Plus Fund
NPORT-P
1
primary_doc.xml
NPORT-P
false
0001301708
XXXXXXXX
S000043683
C000135433
Allianz Variable Insurance Products Fund of Funds Trust
811-21624
0001301708
5493009QBW66HRLU7X87
5701 Golden Hills Drive
Minneapolis
55416
800-624-0197
AZL MVP T Rowe Price Capital Appreciation Plus Fund
S000043683
5493008LNB1TTPM3AB79
2024-12-31
2024-03-31
N
1173862297.59
145639.95
1173716657.64
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
57804379.17000000
N
Securities Portfolio
N/A
United States of America
N/A
10 YEAR US TREASURY NOTE FUTURE JUN24
N/A
210.00000000
NC
USD
138863.30000000
0.011831075165
N/A
DIR
US
N
1
BOARD OF TRADE OF THE CITY OF CHICAGO, INC.
549300EX04Q2QBFQTQ27
Long
United States of America
US 10 Year Treasury Note Future (consolidated) Jun 2024
2024-06-18
23128480.45000000
USD
138863.30000000
N
N
N
AZL S&P 500 Index Fund;2
N/A
AZL S P 500 INDEX CLASS 2
018821546
14366965.40750000
NS
USD
320095989.28000000
27.27199850120
Long
RF
US
N
1
N
N
N
AZL Enhanced Bond Index Fund
N/A
AZL ENHANCED BOND INDEX FUND
018821470
21170805.83610000
NS
USD
206415356.90000000
17.58647247241
Long
RF
US
N
1
N
N
N
AZL T Rowe Price Capital Appreciation Fund;2
N/A
AZL T ROWE PRICE CAPITAL APPRECIATION FUND
018821306
34203997.71190000
NS
USD
589334880.58000000
50.21100081896
Long
RF
US
N
1
N
N
N
S P 500 EMINI FUTURE JUN24
N/A
S P 500 EMINI FUTURE JUN24
N/A
132.00000000
NC
USD
811727.52000000
0.069158728788
N/A
DE
US
N
1
CHICAGO MERCANTILE EXCHANGE INC
SNZ2OJLFK8MNNCLQOF39
Long
S&P 500 Future (e-Mini) Jun 2024
ESM24
2024-06-21
34224372.48000000
USD
811727.52000000
N
N
N
2024-04-30
Allianz Variable Insurance Products Fund of Funds Trust
Bashir C. Asad
Bashir C. Asad
Treasurer
XXXX
NPORT-EX
2
2407_0001301708.htm
AZL
Balanced
Index
Strategy
Fund
Schedule
of
Portfolio
Investments
March
31,
2024
(Unaudited)
See
accompanying
notes
to
the
schedules
of
portfolio
investments.
Percentages
indicated
are
based
on
net
assets
as
of
March
31,
2024
.
Shares
Value
Affiliated
Investment
Companies
(100.0%):
Domestic
Equity
Funds
(38.4%):
1,191,880
AZL
Mid
Cap
Index
Fund,
Class
2
$
27,806,568
4,170,069
AZL
S&P
500
Index
Fund,
Class
2
92,909,142
1,149,240
AZL
Small
Cap
Stock
Index
Fund,
Class
2
14,376,992
135,092,702
1
Fixed
Income
Fund
(48.9%):
17,652,654
AZL
Enhanced
Bond
Index
Fund
172,113,381
Shares
Value
Affiliated
Investment
Companies,
continued
International
Equity
Fund
(12.7%):
2,429,338
AZL
International
Index
Fund,
Class
2
$
44,772,700
Total
Affiliated
Investment
Companies
(Cost
$274,597,292)
351,978,783
Total
Investment
Securities
(Cost
$274,597,292)
—
100.0%
351,978,783
Net
other
assets
(liabilities)
—
0.0%
†
(163,029)
Net
Assets
—
100.0%
$
351,815,754
†
Represents
less
than
0.05%.
AZL
DFA
Multi-Strategy
Fund
Schedule
of
Portfolio
Investments
March
31,
2024
(Unaudited)
See
accompanying
notes
to
the
schedules
of
portfolio
investments.
Percentages
indicated
are
based
on
net
assets
as
of
March
31,
2024
.
Shares
Value
Affiliated
Investment
Companies
(100.1%):
Domestic
Equity
Funds
(48.8%):
17,728,737
AZL
DFA
U.S.
Core
Equity
Fund
$
276,036,442
7,007,886
AZL
DFA
U.S.
Small
Cap
Fund
74,704,066
350,740,508
1
Fixed
Income
Fund
(39.1%):
28,819,753
AZL
Enhanced
Bond
Index
Fund
280,992,590
Shares
Value
Affiliated
Investment
Companies,
continued
International
Equity
Fund
(12.2%):
8,176,458
AZL
DFA
International
Core
Equity
Fund
$
87,569,861
Total
Affiliated
Investment
Companies
(Cost
$591,911,355)
719,302,959
Total
Investment
Securities
(Cost
$591,911,355)
—
100.1%
719,302,959
Net
other
assets
(liabilities)
—
(0.1)%
(599,802)
Net
Assets
—
100.0%
$
718,703,157
AZL
MVP
Balanced
Index
Strategy
Fund
Schedule
of
Portfolio
Investments
March
31,
2024
(Unaudited)
See
accompanying
notes
to
the
schedules
of
portfolio
investments.
Percentages
indicated
are
based
on
net
assets
as
of
March
31,
2024
.
Shares
Value
Affiliated
Investment
Companies
(95.1%):
Domestic
Equity
Funds
(35.7%):
2,662,482
AZL
Mid
Cap
Index
Fund,
Class
2
$
62,115,701
8,523,006
AZL
S&P
500
Index
Fund,
Class
2
189,892,579
2,609,438
AZL
Small
Cap
Stock
Index
Fund,
Class
2
32,644,064
284,652,344
Fixed
Income
Fund
(46.7%):
38,276,424
AZL
Enhanced
Bond
Index
Fund
373,195,133
Shares
Value
Affiliated
Investment
Companies,
continued
International
Equity
Fund
(12.7%):
5,485,049
AZL
International
Index
Fund,
Class
2
$
101,089,454
Total
Affiliated
Investment
Companies
(Cost
$689,000,792)
758,936,931
Total
Investment
Securities
(Cost
$689,000,792)
—
95.1%
758,936,931
Net
other
assets
(liabilities)
—
4.9%
39,430,813
Net
Assets
—
100.0%
$
798,367,744
Futures
Contracts
At
March
31,
2024,
the
Fund's
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)
6/21/24
75
$
19,906,875
$
455,432
U.S.
Treasury
10-Year
Note
June
Futures
(U.S.
Dollar)
6/18/24
180
19,943,438
117,942
$
573,374
AZL
MVP
DFA
Multi-Strategy
Fund
Schedule
of
Portfolio
Investments
March
31,
2024
(Unaudited)
See
accompanying
notes
to
the
schedules
of
portfolio
investments.
Percentages
indicated
are
based
on
net
assets
as
of
March
31,
2024
.
Shares
Value
Affiliated
Investment
Companies
(95.1%):
Domestic
Equity
Funds
(45.7%):
32,113,677
AZL
DFA
U.S.
Core
Equity
Fund
$
500,009,944
13,742,497
AZL
DFA
U.S.
Small
Cap
Fund
146,495,021
646,504,965
1
Fixed
Income
Fund
(37.2%):
53,880,731
AZL
Enhanced
Bond
Index
Fund
525,337,124
Shares
Value
Affiliated
Investment
Companies,
continued
International
Equity
Fund
(12.2%):
16,081,068
AZL
DFA
International
Core
Equity
Fund
$
172,228,238
Total
Affiliated
Investment
Companies
(Cost
$1,199,379,691)
1,344,070,327
Total
Investment
Securities
(Cost
$1,199,379,691)
—
95.1%
1,344,070,327
Net
other
assets
(liabilities)
—
4.9%
69,774,213
Net
Assets
—
100.0%
$
1,413,844,540
Futures
Contracts
At
March
31,
2024,
the
Fund's
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)
6/21/24
159
$
42,202,575
$
973,174
U.S.
Treasury
10-Year
Note
June
Futures
(U.S.
Dollar)
6/18/24
254
28,142,406
166,508
$
1,139,682
AZL
MVP
FIAM
Multi-Strategy
Fund
Schedule
of
Portfolio
Investments
March
31,
2024
(Unaudited)
See
accompanying
notes
to
the
schedules
of
portfolio
investments.
Percentages
indicated
are
based
on
net
assets
as
of
March
31,
2024
.
Shares
Value
Affiliated
Investment
Company
(95.0%):
Balanced
Funds
(95.0%):
21,465,303
AZL
Fidelity
Institutional
Asset
Management
Multi-
Strategy
Fund,
Class
2
$
310,817,583
Total
Affiliated
Investment
Company
(Cost
$264,549,114)
310,817,583
Total
Investment
Securities
(Cost
$264,549,114)
—
95.0%
310,817,583
Net
other
assets
(liabilities)
—
5.0%
16,254,563
Net
Assets
—
100.0%
$
327,072,146
Futures
Contracts
At
March
31,
2024,
the
Fund's
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)
6/21/24
24
$
6,370,200
$
137,259
U.S.
Treasury
10-Year
Note
June
Futures
(U.S.
Dollar)
6/18/24
88
9,750,125
53,892
$
191,151
AZL
MVP
Global
Balanced
Index
Strategy
Fund
Schedule
of
Portfolio
Investments
March
31,
2024
(Unaudited)
See
accompanying
notes
to
the
schedules
of
portfolio
investments.
Percentages
indicated
are
based
on
net
assets
as
of
March
31,
2024
.
Shares
Value
Common
Stocks
(0.0%
†
):
Health
Care
Providers
&
Services
(0.0%
†
):
145,123
Grand
Rounds,
Inc.,
Series
C(a)(b)
$
133,513
Paper
&
Forest
Products
(0.0%
†
):
386,370
Quintis
Pty,
Ltd.(a)(b)
3
Total
Common
Stocks
(Cost
$653,278)
133,516
Private
Placements
(0.0%
†
):
Household
Durables
(0.0%
†
):
23,389
Jawbone,
0.00%(a)(b)
—
Software
(0.0%
†
):
5,547
Lookout,
Inc.,
0.00%(a)(b)
7,710
63,925
Lookout,
Inc.,
Series
F,
Preferred
Shares,
0.00%(a)
(b)
176,433
184,143
Total
Private
Placements
(Cost
$485,378)
184,143
Principal
Amount
Convertible
Bond
(0.0%
†
):
Food
Products
(0.0%
†
):
$
400,000
REI
Agro,
Ltd.,
Registered
Shares,
5.50%,
12/8/19(a)(b)(c)
—
Principal
Amount
Value
Convertible
Bond,
continued
Food
Products,
continued
Total
Convertible
Bond
(Cost
$—)
$
—
Corporate
Bonds
(0.0%
†
):
Paper
&
Forest
Products
(0.0%
†
):
$
52,331
Quintis
Australia
Pty,
Ltd.,
7.50%,
10/1/26,
Callable
5/6/24
@
101.88(a)(b)
11,513
730,672
Quintis
Australia
Pty,
Ltd.,
0.00%,
10/1/28,
Callable
5/6/24
@
100(a)(b)
—
Total
Corporate
Bonds
(Cost
$783,003)
11,513
Shares
Affiliated
Investment
Companies
(95.0%):
Fixed
Income
Fund
(47.1%):
24,259,455
AZL
Enhanced
Bond
Index
Fund
236,529,683
International
Equity
Fund
(47.9%):
14,561,167
AZL
MSCI
Global
Equity
Index
Fund,
Class
2
240,841,701
Total
Affiliated
Investment
Companies
(Cost
$425,224,229)
477,371,384
Total
Investment
Securities
(Cost
$427,145,888)
—
95.0%
477,700,556
Net
other
assets
(liabilities)
—
5.0%
24,995,914
Net
Assets
—
100.0%
$
502,696,470
†
Represents
less
than
0.05%.
(a)
Rule
144A,
Section
4(2)
or
other
security
which
is
restricted
to
resale
to
institutional
investors.
(b)
Security
was
valued
using
significant
unobservable
inputs
as
of
March
31,
2024.
(c)
Defaulted
bond.
Amounts
shown
as
“—“
are
either
$0
or
round
to
less
than
$1.
Futures
Contracts
At
March
31,
2024,
the
Fund's
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)
6/21/24
47
$
12,474,975
$
289,024
U.S.
Treasury
10-Year
Note
June
Futures
(U.S.
Dollar)
6/18/24
113
12,520,047
73,976
$
363,000
AZL
MVP
Growth
Index
Strategy
Fund
Schedule
of
Portfolio
Investments
March
31,
2024
(Unaudited)
See
accompanying
notes
to
the
schedules
of
portfolio
investments.
Percentages
indicated
are
based
on
net
assets
as
of
March
31,
2024
.
Shares
Value
Affiliated
Investment
Companies
(95.0%):
Domestic
Equity
Funds
(52.9%):
9,793,483
AZL
Mid
Cap
Index
Fund,
Class
2
$
228,481,949
32,738,553
AZL
S&P
500
Index
Fund,
Class
2
729,414,970
9,069,738
AZL
Small
Cap
Stock
Index
Fund,
Class
2
113,462,422
1,071,359,341
1
Fixed
Income
Fund
(23.0%):
47,692,707
AZL
Enhanced
Bond
Index
Fund
465,003,893
Shares
Value
Affiliated
Investment
Companies,
continued
International
Equity
Fund
(19.1%):
21,014,350
AZL
International
Index
Fund,
Class
2
$
387,294,477
Total
Affiliated
Investment
Companies
(Cost
$1,461,887,138)
1,923,657,711
Total
Investment
Securities
(Cost
$1,461,887,138)
—
95.0%
1,923,657,711
Net
other
assets
(liabilities)
—
5.0%
100,265,548
Net
Assets
—
100.0%
$
2,023,923,259
Futures
Contracts
At
March
31,
2024,
the
Fund's
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)
6/21/24
285
$
75,646,125
$
1,746,405
U.S.
Treasury
10-Year
Note
June
Futures
(U.S.
Dollar)
6/18/24
228
25,261,688
149,152
$
1,895,557
AZL
MVP
Moderate
Index
Strategy
Fund
Schedule
of
Portfolio
Investments
March
31,
2024
(Unaudited)
See
accompanying
notes
to
the
schedules
of
portfolio
investments.
Percentages
indicated
are
based
on
net
assets
as
of
March
31,
2024
.
Shares
Value
Affiliated
Investment
Companies
(95.1%):
Domestic
Equity
Funds
(42.5%):
1,483,415
AZL
Mid
Cap
Index
Fund,
Class
2
$
34,608,069
4,849,828
AZL
S&P
500
Index
Fund,
Class
2
108,054,164
1,394,423
AZL
Small
Cap
Stock
Index
Fund,
Class
2
17,444,235
160,106,468
1
Fixed
Income
Fund
(37.5%):
14,462,034
AZL
Enhanced
Bond
Index
Fund
141,004,835
Shares
Value
Affiliated
Investment
Companies,
continued
International
Equity
Fund
(15.1%):
3,084,234
AZL
International
Index
Fund,
Class
2
$
56,842,427
Total
Affiliated
Investment
Companies
(Cost
$306,605,032)
357,953,730
Total
Investment
Securities
(Cost
$306,605,032)
—
95.1%
357,953,730
Net
other
assets
(liabilities)
—
4.9%
18,637,450
Net
Assets
—
100.0%
$
376,591,180
Futures
Contracts
At
March
31,
2024,
the
Fund's
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)
6/21/24
42
$
11,147,850
$
258,277
U.S.
Treasury
10-Year
Note
June
Futures
(U.S.
Dollar)
6/18/24
67
7,423,391
44,404
$
302,681
AZL
MVP
T.
Rowe
Price
Capital
Appreciation
Plus
Fund
Schedule
of
Portfolio
Investments
March
31,
2024
(Unaudited)
See
accompanying
notes
to
the
schedules
of
portfolio
investments.
Percentages
indicated
are
based
on
net
assets
as
of
September
30,
2023
.
Shares
Value
Affiliated
Investment
Companies
(95.0%):
Domestic
Equity
Funds
(77.0%):
15,677,058
AZL
S&P
500
Index
Fund,
Class
2
$
299,118,269
31,177,385
AZL
T.
Rowe
Price
Capital
Appreciation
Fund
554,957,453
854,075,722
1
Shares
Value
Affiliated
Investment
Companies,
continued
Fixed
Income
Fund
(18.0%):
21,359,096
AZL
Enhanced
Bond
Index
Fund
$
199,921,136
Total
Affiliated
Investment
Companies
(Cost
$947,369,458)
1,053,996,858
Total
Investment
Securities
(Cost
$947,369,458)
—
95.0%
1,053,996,858
Net
other
assets
(liabilities)
—
5.0%
55,056,477
Net
Assets
—
100.0%
$
1,109,053,335
Futures
Contracts
At
September
30,
2023,
the
Fund's
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
December
Futures
(U.S.
Dollar)
12/15/23
152
$
32,873,800
$
(1,384,054)
U.S.
Treasury
10-Year
Note
December
Futures
(U.S.
Dollar)
12/19/23
205
22,152,813
(416,368)
$
(1,800,422)
ALLIANZ
VARIABLE
INSURANCE
PRODUCTS
FUND
OF
FUND
TRUST
NOTES
TO
THE
SCHEDULES
OF
PORTFOLIO
INVESTMENTS
March
31,
2024
(Unaudited)
1.
Related
Party
Transactions
Allianz
Investment
Management
LLC
(the
“Manager”)
or
an
affiliate
of
the
Manager
serves
as
the
investment
adviser
of
certain
underlying
funds
in
which
each
Fund
invests.
At
March
31,
2024,
the
following
investments
in
underlying
funds
are
noted
as
Affiliated
Investment
Companies
in
each
Fund’s
Schedule
of
Portfolio
Investments.
Value
12/31/23
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gains
(Losses)
Change
in
Net
Unrealized
Appreciation
(Depreciation)
Value
03/31/24
Shares
as
of
03/31/24
AZL
Balanced
Index
Strategy
Fund
AZL
Enhanced
Bond
Index
Fund
$
173,548,020
$
1,012,818
$
(1,211,622
)
$
(227,507
)
$
(1,008,328
)
$
172,113,381
17,652,654
AZL
International
Index
Fund,
Class
2
43,789,066
—
(1,450,705
)
343,896
2,090,443
44,772,700
2,429,338
AZL
Mid
Cap
Index
Fund,
Class
2
26,067,425
5,545
(796,031
)
132,457
2,397,172
27,806,568
1,191,880
AZL
S&P
500
Index
Fund,
Class
2
90,517,098
—
(6,655,664
)
1,336,771
7,710,937
92,909,142
4,170,069
AZL
Small
Cap
Stock
Index
Fund,
Class
2
13,921,104
171,372
(31,118
)
1,945
313,689
14,376,992
1,149,240
$
347,842,713
$
1,189,735
$
(10,145,140)
$
1,587,562
$
11,503,913
$
351,978,783
26,593,181
Value
12/31/23
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gains
(Losses)
Change
in
Net
Unrealized
Appreciation
(Depreciation)
Value
03/31/24
Shares
as
of
03/31/24
AZL
DFA
Multi-Strategy
Fund
AZL
DFA
International
Core
Equity
Fund
$
87,850,444
$
—
$
(3,906,112
)
$
182,715
$
3,442,814
$
87,569,861
8,176,458
AZL
DFA
U.S.
Core
Equity
Fund
274,015,735
—
(23,433,805
)
4,401,132
21,053,380
276,036,442
17,728,737
AZL
DFA
U.S.
Small
Cap
Fund
72,497,188
—
(880,226
)
22,504
3,064,600
74,704,066
7,007,886
AZL
Enhanced
Bond
Index
Fund
284,522,638
48,474
(1,546,678
)
34,358
(2,066,202
)
280,992,590
28,819,753
$
718,886,005
$
48,474
$
(29,766,821
)
$
4,640,709
$
25,494,592
$
719,302,959
61,732,834
Value
12/31/23
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gains
(Losses)
Change
in
Net
Unrealized
Appreciation
(Depreciation)
Value
03/31/24
Shares
as
of
03/31/24
AZL
MVP
Balanced
Index
Strategy
Fund
AZL
Enhanced
Bond
Index
Fund
$
379,598,130
$
—
$
(3,691,430
)
$
(467,564
)
$
(2,244,003
)
$
373,195,133
38,276,424
AZL
International
Index
Fund,
Class
2
100,669,805
—
(5,117,472
)
1,161,965
4,375,156
101,089,454
5,485,049
AZL
Mid
Cap
Index
Fund,
Class
2
59,781,515
—
(3,410,570
)
639,979
5,104,777
62,115,701
2,662,482
AZL
S&P
500
Index
Fund,
Class
2
188,108,697
—
(16,902,368
)
8,534,449
10,151,801
189,892,579
8,523,006
AZL
Small
Cap
Stock
Index
Fund,
Class
2
31,988,605
—
(47,485
)
4,933
698,011
32,644,064
2,609,438
$
760,146,752
$
—
$
(29,169,325
)
$
9,873,762
$
18,085,742
$
758,936,931
57,556,399
Value
12/31/23
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gains
(Losses)
Change
in
Net
Unrealized
Appreciation
(Depreciation)
Value
03/31/24
Shares
as
of
03/31/24
AZL
MVP
DFA
Multi-Strategy
Fund
AZL
DFA
International
Core
Equity
Fund
$
172,336,936
$
—
$
(7,244,024
)
$
388,443
$
6,746,883
$
172,228,238
16,081,068
AZL
DFA
U.S.
Core
Equity
Fund
496,376,149
—
(42,490,945
)
6,799,223
39,325,517
500,009,944
32,113,677
AZL
DFA
U.S.
Small
Cap
Fund
142,122,745
—
(1,702,961
)
125,203
5,950,034
146,495,021
13,742,497
AZL
Enhanced
Bond
Index
Fund
533,362,197
—
(4,210,096
)
8,651
(3,823,628
)
525,337,124
53,880,731
$
1,344,198,027
$
—
$
(55,648,026
)
$
7,321,520
$
48,198,806
$
1,344,070,327
115,817,973
ALLIANZ
VARIABLE
INSURANCE
PRODUCTS
FUND
OF
FUND
TRUST
NOTES
TO
THE
SCHEDULES
OF
PORTFOLIO
INVESTMENTS
March
31,
2024
(Unaudited)
Value
12/31/23
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gains
(Losses)
Change
in
Net
Unrealized
Appreciation
(Depreciation)
Value
03/31/24
Shares
as
of
03/31/24
AZL
MVP
FIAM
Multi-Strategy
Fund
AZL
Fidelity
Institutional
Asset
Management
Multi-Strategy
Fund,
Class
2
$
315,196,873
$
195,630
$
(17,944,457
)
$
1,926,528
$
11,443,009
$
310,817,583
21,465,303
Value
12/31/23
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gains
(Losses)
Change
in
Net
Unrealized
Appreciation
(Depreciation)
Value
03/31/24
Shares
as
of
03/31/24
AZL
MVP
Global
Balanced
Index
Strategy
Fund
AZL
Enhanced
Bond
Index
Fund
$
240,085,173
$
—
$
(1,843,018
)
$
(275,320
)
$
(1,437,152
)
$
236,529,683
24,259,455
AZL
MSCI
Global
Equity
Index
Fund,
Class
2
240,613,096
—
(20,114,977
)
3,320,732
17,022
,850
240,841,701
14,561,167
$
480,698,269
$
—
$
(21,957,995
)
$
3,045,412
$
15,585,698
$
477,371,384
38,820,622
Value
12/31/23
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gains
(Losses)
Change
in
Net
Unrealized
Appreciation
(Depreciation)
Value
03/31/24
Shares
as
of
03/31/24
AZL
MVP
Growth
Index
Strategy
Fund
AZL
Enhanced
Bond
Index
Fund
$
468,336,555
$
5,810
$
—
$
—
$
(3,338,472
)
$
465,003,893
47,692,707
AZL
International
Index
Fund,
Class
2
383,949,980
—
(17,799,109
)
3,267,713
17,875,893
387,294,477
21,014,350
AZL
Mid
Cap
Index
Fund,
Class
2
221,180,974
—
(13,855,861
)
1,599,761
19,557,075
228,481,949
9,793,483
AZL
S&P
500
Index
Fund,
Class
2
716,180,551
—
(58,173,202
)
12,102,653
59,304,968
729,414,970
32,738,553
AZL
Small
Cap
Stock
Index
Fund,
Class
2
111,350,115
—
(325,525
)
(17,321
)
2,455,153
113,462,422
9,069,738
$
1,900,998,175
$
5,810
$
(90,153,697
)
$
16,952,806
$
95,854,617
$
1,923,657,711
120,308,831
Value
12/31/23
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gains
(Losses)
Change
in
Net
Unrealized
Appreciation
(Depreciation)
Value
03/31/24
Shares
as
of
03/31/24
AZL
MVP
Moderate
Index
Strategy
Fund
AZL
Enhanced
Bond
Index
Fund
$
143,722,342
$
—
$
(1,690,953
)
$
(250,680
)
$
(775,874
)
$
141,004,835
14,462,034
AZL
International
Index
Fund,
Class
2
57,364,131
—
(3,653,748
)
781,780
2,350,264
56,842,427
3,084,234
AZL
Mid
Cap
Index
Fund,
Class
2
34,145,133
—
(2,760,964
)
349,319
2,874,581
34,608,069
1,483,415
AZL
S&P
500
Index
Fund,
Class
2
108,346,748
—
(10,974,402
)
2,290,813
8,391,005
108,054,164
4,849,828
AZL
Small
Cap
Stock
Index
Fund,
Class
2
17,104,528
—
(35,585
)
(1,119
)
376,411
17,444,235
1,394,423
$
360,682,882
$
—
$
(19,115,652
)
$
3,170,113
$
13,216,387
$
357,953,730
25,273,934
Value
12/31/23
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gains
(Losses)
Change
in
Net
Unrealized
Appreciation
(Depreciation)
Value
03/31/24
Shares
as
of
03/31/24
AZL
MVP
T.
Rowe
Capital
Appreciation
Plus
Fund
AZL
Enhanced
Bond
Index
Fund
$
208,826,331
$
328,014
$
(1,250,617
)
$
(288,694
)
$
(1,199,677
)
$
206,415,357
21,170,806
AZL
S&P
500
Index
Fund,
Class
2
313,370,744
—
(25,537,898
)
5,513,719
25,994,926
319,341,491
14,333,101
AZL
T.
Rowe
Price
Capital
Appreciation
Fund
580,753,144
—
(20,304,136
)
334,756
28,497,401
589,281,165
34,200,880
$
1,102,950,219
$
328,014
$
(47,092,651
)
$
5,559,781
$
53,292,650
$
1,115,038,013
69,704,787
ALLIANZ
VARIABLE
INSURANCE
PRODUCTS
FUND
OF
FUND
TRUST
NOTES
TO
THE
SCHEDULES
OF
PORTFOLIO
INVESTMENTS
March
31,
2024
(Unaudited)
2.
Restricted
Securities
A
restricted
security
is
a
security
which
has
been
purchased
through
a
private
offering
and
cannot
be
resold
to
the
general
public
without
prior
registration
under
the
Securities
Act
of
1933
(the
“1933
Act”)
or
pursuant
to
the
resale
limitations
provided
by
Rule
144A
under
the
1933
Act,
or
an
exemption
from
the
registration
requirements
of
the
1933
Act.
Whether
a
restricted
security
is
illiquid
is
determined
pursuant
to
guidelines
established
by
the
Trustees.
Not
all
restricted
securities
are
considered
illiquid.
The
illiquid
restricted
securities
held
as
of
March
31,
2024
are
identified
below.
AZL
MVP
Global
Balanced
Index
Strategy
Fund
Security
Acquisition
Date
(a)
Acquisition
Cost
Shares
or
Principal
Amount
Value
Percentage
of
Net
Assets
Grand
Rounds,
Inc.,
Series
C
3/31/15
$
399,608
145,123
$
133
,
513
0.03%
Jawbone
1/24/17
–
23
,
389
–
0.00%
Lookout,
Inc.,
Series
F,
Preferred
Shares
9/19/14
481,99
4
63,925
176,433
0.04%
Lookout,
Inc.
3/4/15
3,384
5,547
7,710
0.00%
Quintis
Australia
Pty,
Ltd.,
7.50%,
10/1/26,
Callable
5/6/24
@
101.88
10/25/18
52,331
52,331
11
,
513
0.00%
Quintis
Australia
Pty,
Ltd.,
10/1/28,
Callable
5/6/24
@
100
10/25/18
730,672
730,672
–
0.00%
Quintis
Pty,
Ltd.
10/25/18
253
,
6
70
386,370
3
0.00%
REI
Agro,
Ltd.,
Registered
Shares,
5.50%,12/8/19
2/7/12
–
400,000
–
0.00%
(a)
Acquisition
date
represents
the
initial
purchase
date
of
the
security.