0001301708 2023-05-01 2023-05-01 0001301708 aviptfft:S000025339Member 2023-05-01 2023-05-01 0001301708 aviptfft:S000049031Member 2023-05-01 2023-05-01 iso4217:USD pure false 2022-12-31 497 0001301708 N-1A 2024-04-03 <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">(the “Trust”)</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">AZL DFA Multi-Strategy Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">AZL MVP DFA Multi-Strategy Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">(together, the “Funds”)</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">Supplement dated April 3, 2024,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”) dated</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">May 1, 2023</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">This supplement updates certain information contained in the summary prospectus, prospectus and SAI and should be attached to the summary prospectus, statutory prospectus, and SAI and retained for future reference. </span></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">The Board of Trustees of the Trust (the “Board”) approved the liquidation of the AZL DFA U.S. Small Cap Fund, which is anticipated to occur on or about April 17, 2024. In connection with such liquidation, corresponding changes to the underlying investments of the Funds are being made, whereby the Funds will reallocate assets to the AZL DFA U.S. Core Equity Fund and AZL DFA International Core Equity Fund. The Manager expects to transition the Funds’ portfolios gradually beginning from the date of this supplement.</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">Accordingly, effective April 18, 2024, the summary prospectus and prospectus for each Fund are revised to reflect the following:</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold;">AZL DFA Multi-Strategy Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">The Fund, under normal market conditions, will seek to achieve its investment objective by investing primarily in a combination of three underlying funds, as follows:</div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; border: 0px; margin-top: 0px; margin-right: auto; margin-left: auto;"> <tr> <td style="width: 50%; padding-top: 0px; padding-bottom: 0px;"></td> <td style="vertical-align: bottom; width: 1%; padding-top: 0px; padding-bottom: 0px;"></td> <td style="width: 49%; padding-top: 0px; padding-bottom: 0px;"></td> </tr> <tr style="font-size: 1pt;"> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; padding-left: 8pt; height: 9.75pt;"> </td> <td colspan="2" style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; height: 9.75pt;"> </td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 11pt;"> <td style="padding-bottom: 10pt; border-left: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-left: 8pt; vertical-align: bottom;"><span style="font-weight: bold;">Fund</span></td> <td style="border-left: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 10pt; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom;"><span style="font-weight: bold;">Target Allocation</span></td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt; background-color: #cceeff;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL Enhanced Bond Index Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">40%</td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL DFA U.S. Core Equity Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">43.5%</td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt; background-color: #cceeff;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL DFA International Core Equity Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">16.5%</td> </tr> </table> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold;">AZL MVP DFA Multi-Strategy Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">The Fund, under normal market conditions, will seek to achieve its investment objective by investing primarily in a combination of three underlying funds, as follows:</div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; border: 0px; margin-top: 0px; margin-right: auto; margin-left: auto;"> <tr> <td style="width: 50%; padding-top: 0px; padding-bottom: 0px;"></td> <td style="vertical-align: bottom; width: 1%; padding-top: 0px; padding-bottom: 0px;"></td> <td style="width: 49%; padding-top: 0px; padding-bottom: 0px;"></td> </tr> <tr style="font-size: 1pt;"> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; padding-left: 8pt; height: 9.75pt;"> </td> <td colspan="2" style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; height: 9.75pt;"> </td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 11pt;"> <td style="padding-bottom: 10pt; border-left: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-left: 8pt; vertical-align: bottom;"><span style="font-weight: bold;">Fund</span></td> <td style="border-left: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 10pt; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom;"><span style="font-weight: bold;">Target Allocation</span></td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt; background-color: #cceeff;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL Enhanced Bond Index Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">38%</td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL DFA U.S. Core Equity Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">40.5%</td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt; background-color: #cceeff;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL DFA International Core Equity Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">16.5%</td> </tr> </table> <div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">In addition, under normal market conditions, the AZL MVP DFA Multi-Strategy Fund will continue to allocate approximately 5% of its assets to the MVP risk management process.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">(the “Trust”)</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">AZL DFA Multi-Strategy Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">(together, the “Funds”)</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">Supplement dated April 3, 2024,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”) dated</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">May 1, 2023</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">This supplement updates certain information contained in the summary prospectus, prospectus and SAI and should be attached to the summary prospectus, statutory prospectus, and SAI and retained for future reference. </span></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">The Board of Trustees of the Trust (the “Board”) approved the liquidation of the AZL DFA U.S. Small Cap Fund, which is anticipated to occur on or about April 17, 2024. In connection with such liquidation, corresponding changes to the underlying investments of the Funds are being made, whereby the Funds will reallocate assets to the AZL DFA U.S. Core Equity Fund and AZL DFA International Core Equity Fund. The Manager expects to transition the Funds’ portfolios gradually beginning from the date of this supplement.</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">Accordingly, effective April 18, 2024, the summary prospectus and prospectus for each Fund are revised to reflect the following:</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold;">AZL DFA Multi-Strategy Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">The Fund, under normal market conditions, will seek to achieve its investment objective by investing primarily in a combination of three underlying funds, as follows:</div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; border: 0px; margin-top: 0px; margin-right: auto; margin-left: auto;"> <tr> <td style="width: 50%; padding-top: 0px; padding-bottom: 0px;"></td> <td style="vertical-align: bottom; width: 1%; padding-top: 0px; padding-bottom: 0px;"></td> <td style="width: 49%; padding-top: 0px; padding-bottom: 0px;"></td> </tr> <tr style="font-size: 1pt;"> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; padding-left: 8pt; height: 9.75pt;"> </td> <td colspan="2" style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; height: 9.75pt;"> </td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 11pt;"> <td style="padding-bottom: 10pt; border-left: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-left: 8pt; vertical-align: bottom;"><span style="font-weight: bold;">Fund</span></td> <td style="border-left: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 10pt; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom;"><span style="font-weight: bold;">Target Allocation</span></td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt; background-color: #cceeff;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL Enhanced Bond Index Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">40%</td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL DFA U.S. Core Equity Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">43.5%</td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt; background-color: #cceeff;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL DFA International Core Equity Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">16.5%</td> </tr> </table> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">(the “Trust”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">AZL MVP DFA Multi-Strategy Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">(together, the “Funds”)</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">Supplement dated April 3, 2024,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”) dated</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold; text-align: center;">May 1, 2023</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; text-align: center;"><span style="font-style: italic;">This supplement updates certain information contained in the summary prospectus, prospectus and SAI and should be attached to the summary prospectus, statutory prospectus, and SAI and retained for future reference. </span></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">The Board of Trustees of the Trust (the “Board”) approved the liquidation of the AZL DFA U.S. Small Cap Fund, which is anticipated to occur on or about April 17, 2024. In connection with such liquidation, corresponding changes to the underlying investments of the Funds are being made, whereby the Funds will reallocate assets to the AZL DFA U.S. Core Equity Fund and AZL DFA International Core Equity Fund. The Manager expects to transition the Funds’ portfolios gradually beginning from the date of this supplement.</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">Accordingly, effective April 18, 2024, the summary prospectus and prospectus for each Fund are revised to reflect the following:</div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman; font-weight: bold;">AZL MVP DFA Multi-Strategy Fund</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">The Fund, under normal market conditions, will seek to achieve its investment objective by investing primarily in a combination of three underlying funds, as follows:</div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; border: 0px; margin-top: 0px; margin-right: auto; margin-left: auto;"> <tr> <td style="width: 50%; padding-top: 0px; padding-bottom: 0px;"></td> <td style="vertical-align: bottom; width: 1%; padding-top: 0px; padding-bottom: 0px;"></td> <td style="width: 49%; padding-top: 0px; padding-bottom: 0px;"></td> </tr> <tr style="font-size: 1pt;"> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; padding-left: 8pt; height: 9.75pt;"> </td> <td colspan="2" style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; height: 9.75pt;"> </td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 11pt;"> <td style="padding-bottom: 10pt; border-left: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-left: 8pt; vertical-align: bottom;"><span style="font-weight: bold;">Fund</span></td> <td style="border-left: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 10pt; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom;"><span style="font-weight: bold;">Target Allocation</span></td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt; background-color: #cceeff;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL Enhanced Bond Index Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">38%</td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL DFA U.S. Core Equity Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">40.5%</td> </tr> <tr style="page-break-inside: avoid; font-family: times new roman; font-size: 10pt; background-color: #cceeff;"> <td style="padding-bottom: 12pt; border: 1.50pt solid #000000; padding-left: 8pt; vertical-align: top;"> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 1.00em; text-indent: -1.00em; font-size: 10pt; font-family: times new roman;">AZL DFA International Core Equity Fund</div> </td> <td style="border-left: 1.50pt solid #000000; border-top: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; vertical-align: bottom;"> </td> <td style="padding-bottom: 12pt; border-top: 1.50pt solid #000000; border-right: 1.50pt solid #000000; border-bottom: 1.50pt solid #000000; padding-right: 2pt; vertical-align: bottom; white-space: nowrap;">16.5%</td> </tr> </table> <div style="margin-top: 2pt; margin-bottom: 0pt; font-size: 11pt; font-family: times new roman;">In addition, under normal market conditions, the AZL MVP DFA Multi-Strategy Fund will continue to allocate approximately 5% of its assets to the MVP risk management process.</div> ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST 2024-04-03 2023-05-01