NPORT-EX 2 2397_0001301708.htm N-Q

AZL Balanced Index Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares            Value  
 

Affiliated Investment Companies (100.0%):

   
 

Domestic Equity Funds (39.3%):

   
  1,241,413      AZL Mid Cap Index Fund, Class 2    $ 33,940,238  
  5,240,432      AZL S&P 500 Index Fund, Class 2      113,140,918  
  1,133,320      AZL Small Cap Stock Index Fund, Class 2      18,382,448  
     

 

 

  
        165,463,604  
     

 

 

  
 

Fixed Income Funds (47.8%):

   
    17,688,709      AZL Enhanced Bond Index Fund      200,943,732  
     

 

 

  
 

International Equity Funds (12.9%):

   
  3,015,029      AZL International Index Fund, Class 2      54,240,364  
     

 

 

  
 

        Total Affiliated Investment Companies

       (Cost $298,415,551)

      420,647,700  
     

 

 

  
 

        Total Investment Securities

       (Cost $298,415,551) - 100.0%

      420,647,700  
  

       Net other assets (liabilities) - 0.0%†

      (205,891)  
  

 

 

  
 

       Net Assets - 100.0%

    $ 420,441,809  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

 

†

Represents less than 0.05%.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL DFA Multi-Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares            Value  
 

Affiliated Investment Companies (100.1%):

   
 

Domestic Equity Funds (48.8%):

   
  23,078,330      AZL DFA U.S. Core Equity Fund    $ 369,714,846  
  6,675,684      AZL DFA U.S. Small Cap Fund      98,866,884  
     

 

 

  
        468,581,730  
     

 

 

  
 

Fixed Income Funds (39.0%):

   
  38,827,631      AZL DFA Five-Year Global Fixed Income Fund      373,910,086  
     

 

 

  
 

International Equity Funds (12.3%):

   
    10,046,702      AZL DFA International Core Equity Fund      117,546,416  
     

 

 

  
 

        Total Affiliated Investment Companies

       (Cost $781,741,485)

      960,038,232  
     

 

 

  
 

        Total Investment Securities

       (Cost $781,741,485) - 100.1%

      960,038,232  
 

       Net other assets (liabilities) - (0.1%)

      (685,870 ) 
  

 

 

  
 

       Net Assets - 100.0%

    $ 959,352,362  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Balanced Index Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares            Value  
 

Affiliated Investment Companies (95.1%):

   
 

Domestic Equity Funds (36.6%):

   
  936,347      AZL Mid Cap Index Fund, Class 2    $ 25,599,728  
  3,600,206      AZL S&P 500 Index Fund, Class 2      77,728,439  
  858,931      AZL Small Cap Stock Index Fund, Class 2      13,931,865  
     

 

 

  
        117,260,032  
     

 

 

  
 

Fixed Income Funds (45.6%):

   
  12,884,023      AZL Enhanced Bond Index Fund      146,362,500  
     

 

 

  
 

International Equity Funds (12.9%):

   
    2,303,892      AZL International Index Fund, Class 2      41,447,014  
     

 

 

  
 

        Total Affiliated Investment Companies

       (Cost $239,604,661)

      305,069,546  
     

 

 

  
 

        Total Investment Securities

       (Cost $239,604,661) - 95.1%

      305,069,546  
 

       Net other assets (liabilities) - 4.9%

      15,723,220  
  

 

 

  
 

       Net Assets - 100.0%

    $ 320,792,766  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

 

 

Futures Contracts

At March 31, 2021, 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)

      6/18/21        40      $     7,934,800      $ 160,646        

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

      6/21/21        61        7,987,188        (195,515)       
           

 

 

  
            $ (34,869)       
           

 

 

  

See accompanying notes to the schedules of portfolio investments.

AZL MVP DFA Multi-Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares    Value  

 

  

Affiliated Investment Companies (94.9%):

   

Domestic Equity Funds (46.3%):

   
    2,126,705   

AZL DFA U.S. Core Equity Fund

    $ 34,069,809  
678,982   

AZL DFA U.S. Small Cap Fund

      10,055,724  
     

 

 

  
        44,125,533  
     

 

 

  

Fixed Income Funds (36.3%):

   
3,596,122    AZL DFA Five-Year Global Fixed Income Fund      34,630,657  
     

 

 

  

International Equity Funds (12.3%):

   
1,004,823    AZL DFA International Core Equity Fund      11,756,431  
     

 

 

  

Total Affiliated Investment Companies (Cost $72,671,983)

      90,512,621  
  

 

 

  

Total Investment Securities

(Cost $72,671,983) - 94.9%

      90,512,621  

Net other assets (liabilities) - 5.1%

      4,845,392  
  

 

 

  

Net Assets - 100.0%

    $       95,358,013  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP DFA Multi-Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Futures Contracts

At March 31, 2021, 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)

      6/18/21        14      $         2,777,180       $ 56,226        

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

      6/21/21        14        1,833,125        (43,158)       
           

 

 

  
            $ 13,068        
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP FIAM Multi-Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares    Value  

 

  

Affiliated Investment Companies (95.1%):

   

Balanced Funds (95.1%):

   

16,553,482  AZL Fidelity Institutional Asset
                Management Multi-Strategy Fund

    $ 243,501,727  
  

 

 

  

Total Affiliated Investment Companies

(Cost $206,467,723)

      243,501,727  
  

 

 

  

Total Investment Securities

(Cost $206,467,723) - 95.1%

      243,501,727  

Net other assets (liabilities) - 4.9%

      12,503,204  
  

 

 

  

Net Assets - 100.0%

    $     256,004,931  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP FIAM Multi-Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Futures Contracts

At March 31, 2021, the Fund’s open futures contracts were as follows:

Short Futures

 

Description   

Expiration

Date

     

Number of

Contracts

     

Notional

Amount

     

Value and

Unrealized

Appreciation/

(Depreciation)

  

 

  

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

      6/18/21        4            $        (793,480)        $               (3,337)        
           

 

 

  
              $               (3,337)        
           

 

 

  
Long Futures            
Description   

Expiration

Date

     

Number of

Contracts

     

Notional

Amount

     

Value and

Unrealized

Appreciation/

(Depreciation)

  

 

  

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

      6/21/21        58          $         7,594,375        $           (189,402)        
           

 

 

  
              $           (189,402)        
           

 

 

  

Total Net Futures Contracts

               $           (192,739)        
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Balanced Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

 

Shares            Value  

 

  

Affiliated Investment Companies  (95.0%):

   

Domestic Equity Funds  (34.2%):

   

1,704,322

     AZL DFA U.S. Core Equity Fund    $ 27,303,231  

1,005,324

     AZL DFA U.S. Small Cap Fund      14,888,850  

1,156,020

     AZL Gateway Fund      17,421,224  

1,292,676

     AZL Mid Cap Index Fund, Class 2      35,341,756  

3,946,284

     AZL Russell 1000 Growth Index Fund, Class 2      84,055,855  

6,226,841

     AZL Russell 1000 Value Index Fund, Class 2      86,366,287  

909,956

     AZL Small Cap Stock Index Fund, Class 2      14,759,483  
      

 

 

  
         280,136,686  
      

 

 

  

Fixed Income Funds  (45.1%):

   

5,026,148

     AZL Enhanced Bond Index Fund      57,097,037  

7,236,882

     AZL Fidelity Institutional Asset Management Total Bond Fund, Class 2      78,158,325  

7,228,486

     AZL MetWest Total Return Bond Fund      76,911,088  

3,738,771

     PIMCO VIT Income Portfolio      40,789,994  

3,762,460

     PIMCO VIT Low Duration Portfolio      38,979,086  

6,864,842

     PIMCO VIT Total Return Portfolio      76,748,935  
      

 

 

  
         368,684,465  
      

 

 

  

International Equity Funds (15.7%):

   

2,646,486

     AZL DFA International Core Equity Fund      30,963,887  

3,996,384

     AZL International Index Fund, Class 2      71,894,956  

2,885,671

     AZL MSCI Emerging Markets Equity Index Fund, Class 2      25,249,618  
      

 

 

  
         128,108,461  
      

 

 

  

Total Affiliated Investment Companies (Cost

$646,976,209)

      776,929,612  
  

 

 

  

Total Investment Securities

   

(Cost $646,976,209) - 95.0%

      776,929,612  

Net other assets (liabilities) - 5.0%

      40,534,439  
  

 

 

  

Net Assets - 100.0%

    $     817,464,051  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Balanced Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Futures Contracts

At March 31, 2021, 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)

      6/18/21        102      $         20,233,740       $ 411,250       

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

      6/21/21        155        20,295,313                 (502,166)      
           

 

 

  
            $ (90,916)      
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Conservative Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares    Value  

 

  

Affiliated Investment Companies (95.0%):

   

Domestic Equity Funds (23.9%):

   

   224,125

   

AZL DFA U.S. Core Equity Fund

    $ 3,590,486  

   163,178

   

AZL DFA U.S. Small Cap Fund

      2,416,664  

   238,122

   

AZL Gateway Fund

      3,588,504  

   260,062

   

AZL Mid Cap Index Fund, Class 2

      7,110,090  

   850,448

    AZL Russell 1000 Growth Index Fund, Class 2      18,114,542  

1,289,418

    AZL Russell 1000 Value Index Fund, Class 2      17,884,222  

   220,038

    AZL Small Cap Stock Index Fund, Class 2      3,569,021  
     

 

 

  
        56,273,529  
     

 

 

  

Fixed Income Funds (61.6%):

   

2,000,882

   

AZL Enhanced Bond Index Fund

      22,730,020  

2,820,331

    AZL Fidelity Institutional Asset Management Total Bond Fund, Class 2      30,459,573  

2,856,974

   

AZL MetWest Total Return Bond Fund

      30,398,198  

1,301,889

   

PIMCO VIT Income Portfolio

      14,203,613  

1,592,680

   

PIMCO VIT Low Duration Portfolio

      16,500,168  

2,720,618

   

PIMCO VIT Total Return Portfolio

      30,416,505  
     

 

 

  
        144,708,077  
     

 

 

  

International Equity Funds (9.5%):

   

   505,090

    AZL DFA International Core Equity Fund      5,909,549  

   717,629

   

AZL International Index Fund, Class 2

      12,910,150  

   393,079

    AZL MSCI Emerging Markets Equity Index Fund, Class 2      3,439,439  
     

 

 

  
        22,259,138  
     

 

 

  

Total Affiliated Investment Companies (Cost $194,457,723)

      223,240,744  
  

 

 

  

Total Investment Securities

(Cost $194,457,723) - 95.0%

      223,240,744  

Net other assets (liabilities) - 5.0%

      11,642,209  
  

 

 

  

Net Assets - 100.0%

    $       234,882,953  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Conservative Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Futures Contracts

At March 31, 2021, 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)

      6/18/21        20      $         3,967,400      $ 80,323        

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

      6/21/21        58        7,594,375        (186,480)       
           

 

 

  
            $ (106,157)       
           

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Fusion Moderate Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares          Value        

Affiliated Investment Companies (95.1%):

   

Domestic Equity Funds (39.1%):

   

      3,210,448

    AZL DFA U.S. Core Equity Fund    $ 51,431,371  

      2,812,244

    AZL DFA U.S. Small Cap Fund      41,649,332  

      3,348,588

    AZL Gateway Fund      50,463,214  

      3,597,761

    AZL Mid Cap Index Fund, Class 2      98,362,777  

    10,537,644

    AZL Russell 1000 Growth Index Fund, Class 2      224,451,826  

    16,533,793

    AZL Russell 1000 Value Index Fund, Class 2      229,323,714  

      2,552,560

    AZL Small Cap Stock Index Fund, Class 2      41,402,525  
     

 

 

  
        737,084,759  
     

 

 

  

Fixed Income Funds (36.7%):

   

      9,954,371

    AZL Enhanced Bond Index Fund      113,081,659  

    13,993,095

    AZL Fidelity Institutional Asset Management Total Bond Fund, Class 2      151,125,422  

    14,176,870

    AZL MetWest Total Return Bond Fund      150,841,902  

      6,617,150

    PIMCO VIT Income Portfolio      72,193,109  

      5,109,402

    PIMCO VIT Low Duration Portfolio      52,933,404  

    13,500,235

    PIMCO VIT Total Return Portfolio      150,932,626  
     

 

 

  
        691,108,122  
     

 

 

  

International Equity Funds (19.3%):

   

      8,365,994

    AZL DFA International Core Equity Fund      97,882,124  

    10,658,519

    AZL International Index Fund, Class 2      191,746,749  

      8,451,435

    AZL MSCI Emerging Markets Equity Index Fund, Class 2      73,950,060  
     

 

 

  
        363,578,933  
     

 

 

  

         Total Affiliated Investment Companies (Cost

         $1,463,416,660)

      1,791,771,814  
  

 

 

  

         Total Investment Securities

         (Cost $1,463,416,660) - 95.1%

      1,791,771,814  

         Net other assets (liabilities) - 4.9%

      91,837,640  
  

 

 

  

         Net Assets - 100.0%

    $ 1,883,609,454  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

 

 

Futures Contracts

At March 31, 2021, 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)

      6/18/21        285      $     56,535,450      $ 1,146,205      

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

      6/21/21        286        37,448,125        (917,145)      
           

 

 

  
            $ 229,060      
           

 

 

  

See accompanying notes to the schedules of portfolio investments.

AZL MVP Global Balanced Index Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares          Value
Common Stock (0.0%†):

 

Paper & Forest Products (0.0%†):

 

386,370    Quintis Pty, Ltd.(a)(b)    $ 305,147  
     

 

 

 

Total Common Stock (Cost $253,669)

      305,147  
     

 

 

 

Preferred Stock (0.1%):

 

Health Care Providers & Services (0.1%):

 

143,925    Grand Rounds, Inc., Series C(a)(b)      532,522  
     

 

 

 

Total Preferred Stock (Cost $400,112)

      532,522  
     

 

 

 

Contracts,
Shares,
Notional
Amount or
Principal
Amount		          Value
Private Placements (0.1%):

 

Household Durables (0.0%†):

 

23,389    Jawbone, 0.00%(a)(b)      —  
     

 

 

 

Internet Software & Services (0.1%):

 

5,547    Lookout, Inc., 0.00%(a)(b)      32,450  
63,925   

Lookout, Inc. Preferred Shares,

        Series F, 0.00%(a)(b)

      751,119  
     

 

 

 

        783,569  
     

 

 

 

Total Private Placements (Cost $485,378)

      783,569  
     

 

 

 

Convertible Bond (0.0%†):

 

Food Products (0.0%†):

 

400,000   

REI Agro, Ltd., Registered Shares,

        5.50%, 12/8/19(a)(b)(c)

      —  
     

 

 

 

Total Convertible Bond (Cost $—)

      —  
     

 

 

 

Corporate Bonds (0.1%):

 

Paper & Forest Products (0.1%):

 

46,524   

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

        Callable 10/1/21 @ 105.63(a)(b)

      46,524  
730,672   

Quintis Pty, Ltd., 0.00%, 10/1/28,

        Callable 5/10/21 @ 94(a)(b)

      730,672  
     

 

 

 

Total Corporate Bonds (Cost $777,196)

      777,196  
     

 

 

 

Affiliated Investment Companies (95.0%):

 

Fixed Income Funds (45.8%):

 

28,450,961    AZL Enhanced Bond Index Fund      323,202,921  
     

 

 

 

International Equity Funds (49.2%):

 

4,284,009    AZL MSCI Emerging Markets Equity Index Fund, Class 2      37,485,081  
  20,544,636    AZL MSCI Global Equity Index Fund      308,991,324  
     

 

 

 

        346,476,405  
     

 

 

 

Total Affiliated Investment Companies

(Cost $578,572,942)

      669,679,326  
     

 

 

 

Unaffiliated Investment Companies (0.3%):

 

Money Markets (0.3%):

 

2,113,047    Dreyfus Treasury Securities Cash Management Fund, Institutional Shares, 0.01%(d)      2,113,047  
     

 

 

 

Total Unaffiliated Investment Companies

(Cost $2,113,047)

      2,113,047  
     

 

 

 

Total Investment Securities

(Cost $582,602,344) - 95.6%

      674,190,807  

Net other assets (liabilities) - 4.4%

      31,055,179  
     

 

 

 

Net Assets - 100.0%

    $ 705,245,986  
     

 

 

 

Percentages indicated are based on net assets as of March 31, 2021.

†

Represents less than 0.05%.

(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, 2021, these securities represent 0.34% of the net assets of the fund.

(b)

Security was valued using unobservable inputs in good faith pursuant to procedures approved by the Board of Trustees as of March 31, 2021. The total of all such securities represent 0.34% of the net assets of the fund.

(c)

Defaulted bond.

(d)

The rate represents the effective yield at March 31, 2021.

Amounts shown as “—” are either $0 or rounds to less than $1.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Global Balanced Index Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

Futures Contracts    

At March 31, 2021, 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)

      6/18/21        78      $         15,472,860      $     314,862       

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

      6/21/21        118        15,450,625                 (372,556)      
           

 

 

  
            $ (57,694)      
           

 

 

  

See accompanying notes to the schedules of portfolio investments.

AZL MVP Growth Index Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares          Value        

Affiliated Investment Companies (95.8%):

   

Domestic Equity Funds (54.3%):

   

    11,057,323

    AZL Mid Cap Index Fund, Class 2    $ 302,307,212  

    44,490,177

    AZL S&P 500 Index Fund, Class 2      960,542,932  

      9,453,873

    AZL Small Cap Stock Index Fund, Class 2      153,341,817  
     

 

 

  
        1,416,191,961  
     

 

 

  

Fixed Income Funds (22.0%):

   

    50,453,265

    AZL Enhanced Bond Index Fund      573,149,089  
     

 

 

  

International Equity Funds (19.5%):

   

    28,338,197

    AZL International Index Fund, Class 2      509,804,171  
     

 

 

  

         Total Affiliated Investment Companies (Cost

         $1,808,279,313)

      2,499,145,221  
  

 

 

  

         Total Investment Securities

   

         (Cost $1,808,279,313) - 95.8%

      2,499,145,221  

         Net other assets (liabilities) - 4.2%

      109,352,867  
  

 

 

  

         Net Assets - 100.0%

    $ 2,608,498,088  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

 

 

Futures Contracts

At March 31, 2021, 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)

      6/18/21        416      $     82,521,920      $ 1,004,244      

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

      6/21/21        209        27,365,938        (667,672)      
           

 

 

  
            $ 336,572      
           

 

 

  

See accompanying notes to the schedules of portfolio investments.

AZL MVP Moderate Index Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares            Value  
 

Affiliated Investment Companies (95.0%):

   
 

Domestic Equity Funds (43.4%):

   
  1,828,815      AZL Mid Cap Index Fund, Class 2    $ 49,999,802  
  7,156,699      AZL S&P 500 Index Fund, Class 2      154,513,126  
  1,570,451      AZL Small Cap Stock Index Fund, Class 2      25,472,712  
     

 

 

  
        229,985,640  
     

 

 

  
 

Fixed Income Funds (36.3%):

   
  16,956,041      AZL Enhanced Bond Index Fund      192,620,622  
     

 

 

  
 

International Equity Funds (15.3%):

   
      4,523,417      AZL International Index Fund, Class 2      81,376,273  
     

 

 

  
 

        Total Affiliated Investment Companies

       (Cost $400,161,536)

      503,982,535  
     

 

 

  
 

        Total Investment Securities

       (Cost $400,161,536) - 95.0%

      503,982,535  
 

       Net other assets (liabilities) - 5.0%

      26,344,248  
  

 

 

  
 

       Net Assets - 100.0%

    $ 530,326,783  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

 

 

See accompanying notes to the schedules of portfolio investments.

AZL MVP Moderate Index Strategy Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

Futures Contracts    

At March 31, 2021, 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)

      6/18/21        80      $         15,869,600      $ 321,292        

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

      6/21/21        80        10,475,000            (259,195)       
           

 

 

  
            $ 62,097        
           

 

 

  

See accompanying notes to the schedules of portfolio investments.

AZL MVP T. Rowe Price Capital Appreciation Plus Fund

Schedule of Portfolio Investments

March 31, 2021 (Unaudited)

 

Shares    Value  

 

  

Affiliated Investment Companies (95.1%):

 

Domestic Equity Funds (79.5%):

 

18,471,925    AZL S&P 500 Index Fund, Class 2

    $ 398,808,866  

32,808,783    AZL T. Rowe Price Capital

   

    Appreciation Fund

      721,465,147  
  

 

 

  
     1,120,274,013  
  

 

 

  

Fixed Income Funds (15.6%):

 

19,290,336    AZL Enhanced Bond Index Fund

      219,138,213  
  

 

 

  

Total Affiliated Investment Companies (Cost

$1,003,713,303)

      1,339,412,226  
  

 

 

  

Total Investment Securities

(Cost $1,003,713,303) - 95.1%

      1,339,412,226  

Net other assets (liabilities) - 4.9%

      69,555,732  
  

 

 

  

Net Assets - 100.0%

    $  1,408,967,958  
  

 

 

  

Percentages indicated are based on net assets as of March 31, 2021.

Futures Contracts

At March 31, 2021, 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)

     6/18/21       213     $ 42,252,810     $ 858,644         

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

     6/21/21       214           28,020,625       (684,584)        
       

 

 

  
        $ 174,060         
       

 

 

  

 

See accompanying notes to the schedules of portfolio investments.

ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST

NOTES TO THE SCHEDULES OF PORTFOLIO INVESTMENTS

March 31, 2021 (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, 2021, the following investments in underlying funds are noted as Affiliated Investment Companies in each Fund’s Schedule of Portfolio Investments.

 

                                 Change in Net                         Net Realized
                          Net      Unrealized                         Gains Distributions
     Value      Purchases      Proceeds from      Realized      Appreciation/      Value      Shares as of      Dividend    from Affiliated
      12/31/2020      at Cost      Sales      Gains(Losses)      Depreciation      3/31/2021      3/31/2021      Income    Underlying Funds

AZL Balanced Index Strategy Fund

 

AZL Enhanced Bond Index Fund

      $ 197,444,720        $ 10,806,281        $ -          $ -          $ (7,307,269)        $ 200,943,732          17,688,709        $ -          $ -    

AZL International Index Fund, Class 2

      54,883,083        -          (2,368,861)        504,332        1,221,810        54,240,364        3,015,029        -          -    

AZL Mid Cap Index Fund, Class 2

      34,034,506        -          (4,448,500)        1,985,275        2,368,957        33,940,238        1,241,413        -          -    

AZL S&P 500 Index Fund, Class 2

      111,255,841        -          (4,732,379)        1,397,968        5,219,488        113,140,918        5,240,432        -          -    

AZL Small Cap Stock Index Fund, Class 2

      19,497,119        -          (4,286,481)        1,609,646        1,562,164        18,382,448        1,133,320        -          -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

     $ 417,115,269        $ 10,806,281        $ (15,836,221)        $ 5,497,221        $ 3,065,150        $ 420,647,700          28,318,903        $ -          $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

AZL DFA Multi-Strategy Fund

 

AZL DFA Five-Year Global Fixed Income Fund

      $ 360,715,295        $ 13,956,946        $ -          $ -          $ (762,155)        $ 373,910,086          38,827,631        $ -          $ -    

AZL DFA International Core Equity Fund

      117,971,959        -          (7,207,261)        1,008,859        5,772,859        117,546,416        10,046,702        -          -    

AZL DFA U.S. Core Equity Fund

      363,995,312        -          (28,731,052)        8,768,243        25,682,343        369,714,846        23,078,330        -          -    

AZL DFA U.S. Small Cap Fund

      99,000,343        -          (18,272,974)        5,575,289        12,564,226        98,866,884        6,675,684        -          -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

     $ 941,682,909        $ 13,956,946        $ (54,211,287)        $ 15,352,391        $ 43,257,273        $ 960,038,232          78,628,347        $ -          $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

AZL MVP Balanced Index Strategy Fund

 

AZL Enhanced Bond Index Fund

      $ 143,902,884        $ 7,790,395        $ -          $ -          $ (5,330,779)        $ 146,362,500          12,884,023        $ -          $ -    

AZL International Index Fund, Class 2

      42,056,547        -          (1,935,801)        339,217        987,051        41,447,014        2,303,892        -          -    

AZL Mid Cap Index Fund, Class 2

      25,956,033        -          (3,689,589)        876,471        2,456,813        25,599,728        936,347        -          -    

AZL S&P 500 Index Fund, Class 2

      77,667,949        -          (4,538,555)        1,100,215        3,498,830        77,728,439        3,600,206        -          -    

AZL Small Cap Stock Index Fund, Class 2

      14,844,819        -          (3,350,994)        573,630        1,864,410        13,931,865        858,931        -          -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

     $ 304,428,232        $ 7,790,395        $ (13,514,939)        $ 2,889,533        $ 3,476,325        $ 305,069,546          20,583,399        $ -          $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

                                 Change in Net                         Net Realized
                          Net      Unrealized                         Gains Distributions
     Value      Purchases      Proceeds from      Realized      Appreciation/      Value      Shares as of      Dividend    from Affiliated
      12/31/2020      at Cost      Sales      Gains(Losses)      Depreciation      3/31/2021      3/31/2021      Income    Underlying Funds

AZL MVP DFA Multi-Strategy Fund

 

AZL DFA Five-Year Global Fixed Income Fund

      $ 33,058,413        $ 1,643,363        $ -          $ -          $ (71,119)        $ 34,630,657          3,596,122        $ -          $ -    

AZL DFA International Core Equity Fund

      11,378,232        -          (270,051)        33,903        614,347        11,756,431        1,004,823        -          -    

AZL DFA U.S. Core Equity Fund

      32,291,077        -          (1,288,340)        303,546        2,763,526        34,069,809        2,126,705        -          -    

AZL DFA U.S. Small Cap Fund

      9,441,155        -          (1,097,595)        206,997        1,505,167        10,055,724        678,982        -          -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

     $ 86,168,877        $ 1,643,363        $ (2,655,986)        $ 544,446        $ 4,811,921        $ 90,512,621          7,406,632        $ -          $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

AZL MVP FIAM Multi-Strategy Fund

 

AZL FIAM Multi-Strategy Fund

      $ 243,094,799        $ 201,527        $ (4,309,749)        $ 404,346        $ 4,110,804        $ 243,501,727          16,553,482        $ -          $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

     $ 243,094,799        $ 201,527        $ (4,309,749)        $ 404,346        $ 4,110,804        $ 243,501,727          16,553,482        $ -          $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

AZL MVP Fusion Balanced Fund

 

AZL DFA International Core Equity Fund

      $ 30,791,327        $ -          $ (1,576,683)        $ 329,196        $ 1,420,047        $ 30,963,887          2,646,486        $ -          $ -    

AZL DFA U.S. Core Equity Fund

      26,588,658        -          (1,771,511)        453,852        2,032,232        27,303,231        1,704,322        -          -    

AZL DFA U.S. Small Cap Fund

      14,066,883        -          (1,711,557)        475,165        2,058,359        14,888,850        1,005,324        -          -    

AZL Enhanced Bond Index Fund

      59,208,019        -          -          -          (2,110,982)        57,097,037        5,026,148        -          -    

AZL FIAM Total Bond Fund, Class 2

      80,039,915        -          -          -          (1,881,590)        78,158,325        7,236,882        -          -    

AZL Gateway Fund

      16,889,455        -          -          -          531,769        17,421,224        1,156,020        -          -    

AZL International Index Fund, Class 2

      72,111,229        -          (2,526,427)        553,735        1,756,419        71,894,956        3,996,384        -          -    

AZL MetWest Total Return Bond Fund

      79,176,081        47,200.00        -          -          (2,312,193)        76,911,088        7,228,486        -          -    

AZL Mid Cap Index Fund, Class 2

      34,557,736        -          (3,778,478)        660,073        3,902,425        35,341,756        1,292,676        -          -    

AZL MSCI Emerging Markets Equity Index Fund, Class 2

      27,007,910        -          (2,509,455)        578,065        173,098        25,249,618        2,885,671        -          -    

AZL Russell 1000 Growth Index Fund, Class 2

      75,887,494        9,327,593.00        (1,784,915)        597,812        27,871        84,055,855        3,946,284        -          -    

AZL Russell 1000 Value Index Fund, Class 2

      97,124,921        -          (20,049,085)        737,752        8,552,699        86,366,287        6,226,841        -          -    

AZL Small Cap Stock Index Fund, Class 2

      14,061,597        -          (1,739,550)        129,790        2,307,646        14,759,483        909,956        -          -    

PIMCO VIT Income Portfolio

      40,890,645        271,939.00        -          -          (372,590)        40,789,994        3,738,771        271,944        -    

PIMCO VIT Low Duration Portfolio

      39,011,536        42,786.00        -          -          (75,236)        38,979,086        3,762,460        42,787        -    

PIMCO VIT Total Return Portfolio

      79,106,667        447,152.00        -          -          (2,804,884)        76,748,935        6,864,842        329,600        -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

     $ 786,520,073        $ 10,136,670        $ (37,447,661)        $ 4,515,440        $ 13,205,090        $ 776,929,612          59,627,553        $ 644,331        $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

                                 Change in Net                         Net Realized
                          Net      Unrealized                         Gains Distributions
     Value      Purchases      Proceeds from      Realized      Appreciation/      Value      Shares as of      Dividend    from Affiliated
      12/31/2020      at Cost      Sales      Gains(Losses)      Depreciation      3/31/2021      3/31/2021      Income    Underlying Funds

AZL MVP Fusion Conservative Fund

 

AZL DFA International Core Equity Fund

      $ 6,072,597        $ -          $ (507,531)        $ 84,574        $ 259,909        $ 5,909,549          505,090        $ -          $ -    

AZL DFA U.S. Core Equity Fund

      3,731,622        -          (484,735)        163,035        180,564        3,590,486        224,125        -          -    

AZL DFA U.S. Small Cap Fund

      2,529,456        -          (555,258)        155,541        286,925        2,416,664        163,178        -          -    

AZL Enhanced Bond Index Fund

      23,199,473        365,858        -          -          (835,311)        22,730,020        2,000,882        -          -    

AZL FIAM Total Bond Fund, Class 2

      31,005,747        186,241        -          -          (732,415)        30,459,573        2,820,331        -          -    

AZL Gateway Fund

      3,703,325        -          (228,334)        33,154        80,359        3,588,504        238,122        -          -    

AZL International Index Fund, Class 2

      13,208,056        -          (723,849)        81,711        344,232        12,910,150        717,629        -          -    

AZL MetWest Total Return Bond Fund

      30,987,017        333,719        (10,778)        260        (912,020)        30,398,198        2,856,974        -          -    

AZL Mid Cap Index Fund, Class 2

      7,308,286        9,003        (1,162,545)        275,271        680,075        7,110,090        260,062        -          -    

AZL MSCI Emerging Markets Equity Index Fund, Class 2

      3,774,701        -          (443,666)        85,134        23,270        3,439,439        393,079        -          -    

AZL Russell 1000 Growth Index Fund, Class 2

      15,973,356        2,644,240        (657,979)        217,372        (62,447)        18,114,542        850,448        -          -    

AZL Russell 1000 Value Index Fund, Class 2

      21,001,621        1,395        (5,078,624)        180,500        1,779,330        17,884,222        1,289,418        -          -    

AZL Small Cap Stock Index Fund, Class 2

      3,739,148        -          (803,201)        151,021        482,053        3,569,021        220,038        -          -    

PIMCO VIT Income Portfolio

      14,502,522        95,313        (264,035)        6,255        (136,442)        14,203,613        1,301,889        95,315        -    

PIMCO VIT Low Duration Portfolio

      16,570,564        98,917        (137,226)        1,428        (33,515)        16,500,168        1,592,680        18,225        -    

PIMCO VIT Total Return Portfolio

      31,035,978        512,926        (25,179)        547        (1,107,767)        30,416,505        2,720,618        130,123        -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

     $ 228,343,469        $ 4,247,612        $ (11,082,940)        $ 1,435,803        $ 296,800        $ 223,240,744          18,154,563        $ 243,663        $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

AZL MVP Fusion Moderate Fund

 

AZL DFA International Core Equity Fund

    $ 98,818,930      $ -        $ (6,520,900)      $ 1,361,791      $ 4,222,303      $ 97,882,124        8,365,994      $ -        $ -    

AZL DFA U.S. Core Equity Fund

      52,141,978        -          (5,441,431)        1,351,726        3,379,098        51,431,371        3,210,448        -          -    

AZL DFA U.S. Small Cap Fund

      42,729,486        -          (8,421,169)        2,242,969        5,098,046        41,649,332        2,812,244        -          -    

AZL Enhanced Bond Index Fund

      110,876,731        6,322,498.00        -          -          (4,117,570)        113,081,659        9,954,371        -          -    

AZL FIAM Total Bond Fund, Class 2

      148,936,968        5,798,689.00        -          -          (3,610,235)        151,125,422        13,993,095        -          -    

AZL Gateway Fund

      47,719,696        2,960,926.00        (1,759,232)        230,066        1,311,758        50,463,214        3,348,588        -          -    

AZL International Index Fund, Class 2

      192,629,115        -          (7,057,490)        1,550,638        4,624,486        191,746,749        10,658,519        -          -    

AZL MetWest Total Return Bond Fund

      147,565,635        7,756,569.00        -          -          (4,480,302)        150,841,902        14,176,870        -          -    

AZL Mid Cap Index Fund, Class 2

      99,133,254        -          (13,622,314)        2,153,394        10,698,443        98,362,777        3,597,761        -          -    

AZL MSCI Emerging Markets Equity Index Fund, Class 2

      81,282,445        -          (9,613,477)        2,236,776        44,316        73,950,060        8,451,435        -          -    

AZL Russell 1000 Growth Index Fund, Class 2

      203,123,088        27,487,256.00        (7,884,518)        2,609,667        (883,667)        224,451,826        10,537,644        -          -    

AZL Russell 1000 Value Index Fund, Class 2

      261,426,796        -          (56,970,175)        1,997,897        22,869,196        229,323,714        16,533,793        -          -    

AZL Small Cap Stock Index Fund, Class 2

      42,713,375        -          (8,381,449)        389,889        6,680,710        41,402,525        2,552,560        -          -    

PIMCO VIT Income Portfolio

      72,219,414        632,718.00        -          -          (659,023)        72,193,109        6,617,150        481,202        -    

PIMCO VIT Low Duration Portfolio

      50,378,695        2,656,879.00        -          -          (102,170)        52,933,404        5,109,402        57,726        -    

PIMCO VIT Total Return Portfolio

      147,789,478        8,590,716.00        -          -          (5,447,568)        150,932,626        13,500,235        642,410        -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

   $ 1,799,485,084      $ 62,206,251      $ (125,672,155)      $ 16,124,813      $ 39,627,821      $ 1,791,771,814        133,420,109      $ 1,181,338      $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

                                 Change in Net                         Net Realized
                          Net      Unrealized                         Gains Distributions
     Value      Purchases      Proceeds from      Realized      Appreciation/      Value      Shares as of      Dividend    from Affiliated
      12/31/2020      at Cost      Sales      Gains(Losses)      Depreciation      3/31/2021      3/31/2021      Income    Underlying Funds

AZL MVP Global Balanced Index Strategy Fund

 

AZL Enhanced Bond Index Fund

      $ 325,541,660        $ 9,537,239        $ -          $ -          $ (11,875,977)        $ 323,202,921          28,450,961        $ -          $ -    

AZL MSCI Global Equity Index Fund

      316,790,183        -          (22,559,508)        3,831,279        10,929,370        308,991,324        20,544,636        -          -    

AZL MSCI Emerging Markets Equity Index Fund, Class 2

      39,749,031        -          (3,370,665)        633,084        473,631        37,485,081        4,284,009        -          -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

     $ 682,080,874        $ 9,537,239        $ (25,930,173)        $ 4,464,363        $ (472,976)        $ 669,679,326          53,279,606        $ -          $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

AZL MVP Growth Index Strategy Fund

 

AZL Enhanced Bond Index Fund

      $ 552,144,793        $ 41,764,840        $ -          $ -          $ (20,760,544)        $ 573,149,089          50,453,265        $ -          $ -    

AZL International Index Fund, Class 2

      510,235,006        -          (16,675,301)        1,879,734        14,364,732        509,804,171        28,338,197        -          -    

AZL Mid Cap Index Fund, Class 2

      300,904,342        -          (37,859,035)        8,479,200        30,782,705        302,307,212        11,057,323        -          -    

AZL S&P 500 Index Fund, Class 2

      951,380,916        -          (47,326,121)        10,370,065        46,118,072        960,542,932        44,490,177        -          -    

AZL Small Cap Stock Index Fund, Class 2

      159,337,682        -          (32,638,514)        4,356,969        22,285,680        153,341,817        9,453,873        -          -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

     $ 2,474,002,739        $ 41,764,840        $ (134,498,971)        $ 25,085,968        $ 92,790,645        $ 2,499,145,221          143,792,835        $ -          $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

AZL MVP Moderate Index Strategy Fund

 

AZL Enhanced Bond Index Fund

      $ 191,116,827        $ 8,505,684        $ -          $ -          $ (7,001,889)        $ 192,620,622          16,956,041        $ -          $ -    

AZL International Index Fund, Class 2

      83,321,813        -          (4,591,547)        991,665        1,654,342        81,376,273        4,523,417        -          -    

AZL Mid Cap Index Fund, Class 2

      50,356,290        -          (6,900,777)        1,770,844        4,773,445        49,999,802        1,828,815        -          -    

AZL S&P 500 Index Fund, Class 2

      155,900,914        -          (10,564,388)        3,133,393        6,043,207        154,513,126        7,156,699        -          -    

AZL Small Cap Stock Index Fund, Class 2

      26,688,151        -          (5,657,854)        1,115,839        3,326,576        25,472,712        1,570,451        -          -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

     $ 507,383,995        $ 8,505,684        $ (27,714,566)        $ 7,011,741        $ 8,795,681        $ 503,982,535          32,035,423        $ -          $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

AZL MVP T. Rowe Price Capital Appreciation Plus Fund

 

AZL Enhanced Bond Index Fund

    $ 218,730,961      $ 8,364,349      $ -        $ -        $ (7,957,097)      $ 219,138,213        19,290,336      $ -        $ -    

AZL S&P 500 Index Fund, Class 2

      385,323,074        -          (9,607,288)        1,926,429        21,166,651        398,808,866        18,471,925        -          -    

AZL T. Rowe Price Capital Appreciation Fund

      700,758,524        -          (7,384,885)        873,380        27,218,128        721,465,147        32,808,783        -          -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

   $ 1,304,812,559      $ 8,364,349      $ (16,992,173)      $ 2,799,809      $ 40,427,682      $ 1,339,412,226        70,571,044      $ -        $ -    
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

 

   

 

 

 

ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST

NOTES TO THE SCHEDULES OF PORTFOLIO INVESTMENTS

March 31, 2021 (Unaudited)

2. Restricted Securities

A restricted security is a security which has been purchased through a private offering and cannot be resold to the general public without prior registration under the Securities Act of 1933 (the “1933 Act”) or pursuant to the resale limitations provided by Rule 144A under the 1933 Act, or an exemption from the registration requirements of the 1933 Act. Whether a restricted security is illiquid is determined pursuant to guidelines established by the Board of Trustees. Not all restricted securities are considered illiquid. The illiquid restricted securities held as of March 31, 2021 are identified below.

 

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        143,925      $ 532,522      0.08%

Jawbone

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

Lookout, Inc.

      3/4/15        63,364        5,547        32,450      0.00%

Lookout, Inc. Preferred Shares, Series F

      9/19/14        730,222        63,925        751,119      0.11%

Quintis Pty, Ltd.

      10/25/18        223,960        386,370        305,147      0.04%

Quintis Pty, Ltd., 7.50%, 10/1/26, Callable 10/1/21 @ 105.63

      10/25/18        46,524        46,524        46,524      0.01%

Quintis Pty, Ltd., 10/1/28, Callable 2/11/21 @ 94.00

      10/25/18        730,672        730,672        730,672      0.10%

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.