Form 497VPU ALLIANZ LIFE VARIABLE

April 27, 2026 4:02 PM EDT


ALLIANZ ConnectionsTM VARIABLE ANNUITY CONTRACT issued on or after April 29, 2013
Issued by Allianz Life Variable Account B and Allianz Life Insurance Company of North America (Allianz Life, we, us, our)
 
Updating Summary Prospectus 
THE CONTRACT IS NO LONGER OFFERED FOR SALE TO NEW INVESTORS.
We continue to administer the in force Contracts. In addition, for Contracts with Investment Protector, we no
longer accept additional Purchase Payments.
This Summary Prospectus summarizes key features of an individual flexible purchase payment variable deferred annuity contract (Contract). The Contract is a complex investment and involves risks. You may lose money, including your principal investment and previously credited earnings.
The Statutory Prospectus for the Contract contains more information about the Contract, including its features, benefits, and risks. You can find this Statutory Prospectus and other information about the Contract online at https://www.allianzlife.com/what-we-offer/annuities/prospectuses. You can also obtain this information at no cost by calling (800) 624-0197 or by sending an email request to [email protected].
This Contract is not a short-term investment and is not appropriate if you need ready access to cash. Withdrawals could result in withdrawal charges, taxes, and tax penalties.
All obligations and guarantees under the Contract are the obligations of Allianz Life and are subject to our claims-paying ability and financial strength.
The Securities & Exchange Commission (SEC) has not approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. An investment in this Contract is not a deposit of a bank or financial institution and is not federally insured or guaranteed by the Federal Deposit Insurance Corporation or any other federal government agency. An investment in this Contract involves investment risk including the possible loss of principal.
Additional information about certain investment products, including variable annuities, has been prepared by the SEC’s staff and is available at https://www.investor.gov.
Dated: May 1, 2026
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
 1 
Glossary
This prospectus is written in plain English. However, there are some technical words or terms that are capitalized and are used as defined terms throughout the prospectus. For your convenience, we included this glossary to define these terms. 
NOTE: Cross references in this Updating Summary Prospectus are to the sections of the Statutory Prospectus
where you can find more detailed information.
Accumulation Phase – the initial phase of your Contract before you apply your total Contract Value to Annuity Payments. The Accumulation Phase begins on the Issue Date.
Annuity Date – the date we process your request to begin making Annuity Payments to the Payee from the Contract. The earliest available Annuity Date is two years after the Issue Date, and the latest possible Income Date can occur as late as age 100.
Benefit Base – the amount we use to determine the initial annual maximum Lifetime Plus Payment under Income Protector.
Benefit Date – the date you begin receiving Lifetime Plus Payments under Income Protector, or Income Focus Payments under Income Focus.
Contract – the individual flexible purchase payment variable deferred annuity contract described by this prospectus.
Contract Anniversary – a twelve-month anniversary of the Issue Date or any subsequent twelve-month Contract Anniversary.
Contract Value – on any Business Day, the sum of the values in your selected Investment Options. The Contract Value reflects the deduction of any contract maintenance charge, transfer fee, M&E charge, and rider charge, but does not reflect the deduction of any withdrawal charge.
Contract Year – any period of twelve months beginning on the Issue Date or a subsequent Contract Anniversary.
Financial Professional – the person who advises you regarding the Contract.
Fund(s) – the underlying fund in which an Investment Option invests.
Income Focus – an optional benefit that has an additional rider charge and is intended to provide a payment stream for life in the form of partial withdrawals. Income Focus provides no payment until the younger Covered Person is at least age 60.
Income Protector – an optional benefit that has an additional rider charge and is intended to provide a payment stream for life in the form of partial withdrawals. Income Protector provides no payment until the younger Covered Person is at least age 60.
Investment Options – the subaccounts of the Separate Account and the variable investment options available under the Contract. Each Investment Option invests exclusively in the shares of its corresponding underlying Fund.
Investment Protector – an optional benefit that has an additional rider charge and is intended to provide a level of protection for your principal and any annual investment gains on a specific date in the future.
Non-Qualified Contract – a Contract that is not a Qualified Contract.
Owner – “you,” “your” and “yours.” The person(s) or entity designated at Contract issue and named in the Contract who may exercise all rights granted by the Contract.
Purchase Payment – the money you put into the Contract.
Qualified Contract – a Contract that qualifies for special tax treatment under sections of the Internal Revenue Code (Code).
Quarterly Anniversary Value – the highest Contract Value on any Quarterly Anniversary before age 91, adjusted for subsequent Purchase Payments and withdrawals, used to determine Income Protector’s Benefit Base, and the Quarterly Value Death Benefit.
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
 3 
Quarterly Value Death Benefit – an optional benefit that has an additional M&E charge and was intended to provide an increased death benefit. Quarterly Value Death Benefit required selection of an Additional Required Benefit.
Rider Year – any period of twelve months beginning on the Rider Effective Date or a subsequent Rider Anniversary if you have Income Protector, Income Focus or Investment Protector.
Traditional Death Benefit – the standard death benefit provided by the Contract that is equal to the greater of Contract Value or the Traditional Death Benefit Value.
Traditional Death Benefit Value – total Purchase Payments adjusted for withdrawals.
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
 4 
Updated Information About Your Contract
The information in this Updating Summary Prospectus is a summary of certain Contract features that have changed since the Statutory Prospectus dated May 1, 2025. This may not reflect all of the changes that have occurred since you entered into your Contract.
There have been no material changes to your Contract’s features since the date of your most recent Statutory Prospectus.
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
 5 
Important Information You Should Consider About the Contract 
 
FEES, EXPENSES, AND ADJUSTMENTS
Prospectus
Location
Are There
Charges or
Adjustments
for Early
Withdrawals?
Yes, if you withdraw money from the Contract within 7 years of your last Purchase
Payment, you will be assessed a withdrawal charge of up to 8.5% of the Purchase Payment
withdrawn, declining to 0% over that time period.
 
For example, if you invest $100,000 in the Contract and make an early withdrawal, you
could pay a withdrawal charge of up to $8,500. The potential for loss on an early withdrawal
could be greater due to taxes or tax penalties.
Fee Tables
 
6. Expenses –
Withdrawal
Charge
Are There
Transaction
Charges?
Yes, in addition to withdrawal charges you may also be charged for other Contract
transactions. We will charge you a fee of $25 per transfer after you exceed 12 transfers
between Investment Options (the variable investments available to you) in a Contract Year.
Fee Tables
 
6. Expenses –
Transfer Fee
Are There
Ongoing Fees
and
Expenses?
Yes, there are ongoing fees and expenses. The table below describes the fees and
expenses that you may pay each year, depending on the options you choose. Please refer
to your Contract specifications page for information about the specific fees you will pay
each year based on the options you have elected. These ongoing fees and expenses do
not reflect any adviser fees paid to an investment adviser from your Contract Value or other
assets of the Owner. If such charges were reflected, these ongoing fees and expenses
would be higher.
 
Fee Tables
 
6. Expenses
 
Appendix A –
Investment
Options Available
Under the
Contract
Annual Fee
Minimum
Maximum
Base Contract(1)
(varies by Contract class)
1.16%
1.16%
Investment Options(2)
(Fund fees and expenses)
0.50%
3.38%
 
Optional Benefits Available for an Additional
Charge
(for a single optional benefit, if elected)
0.30%(3)
2.75%(4)
 
 
(1)
As a percentage of each Investment Option’s average net assets, plus an amount attributable to the contract
maintenance charge.
 
 
(2)
As a percentage of a Fund’s average daily net assets.
 
 
(3)
As a percentage of each Investment Option’s net asset value. This is the lowest current charge for an optional
benefit (the Quarterly Value Death Benefit).
 
 
(4)
As a percentage of the Benefit Base. This is the highest current charge for an optional benefit (Income
Protector – joint payments).
 
 
Because your Contract is customizable, the choices you make affect how much you will
pay. To help you understand the cost of owning your Contract, the following table shows the
lowest and highest cost you could pay each year, based on current charges. This estimate
assumes that you do not take withdrawals from the Contract, which could add withdrawal
charges that substantially increase costs.
 
 
Lowest Annual Cost
$1,537
Highest Annual Cost
$6,209
 
 
Assumes:
●Investment of $100,000
●5% annual appreciation
●Least expensive combination of Fund fees
and expenses
●No optional benefits
●No additional Purchase Payments,
transfers, or withdrawals
●No adviser fees
Assumes:
●Investment of $100,000
●5% annual appreciation
●Most expensive combination of optional
benefits, and Fund fees and expenses
●No additional Purchase Payments,
transfers, or withdrawals
●No adviser fees
 
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
 6 
 
RISKS
Prospectus
Location
Is There a Risk
of Loss from
Poor
Performance?
Yes, you can lose money by investing in the Contract, including loss of principal.
Principal Risks of
Investing In the
Contract
Is this a
Short-Term
Investment?
No, this Contract is not a short-term investment and is not appropriate if you need ready
access to cash.
• If within seven years after we receive a Purchase Payment you take a full or partial
withdrawal, withdrawal charges will apply. A withdrawal charge will reduce your Contract
Value or the amount of money that you actually receive. Withdrawals under any Contract
may reduce or end Contract guarantees.
• Withdrawals are subject to income taxes, and may also be subject to a 10% additional
federal tax for amounts withdrawn before age 59  1∕2.
• Considering the benefits of tax deferral, long-term income, and living benefit guarantees
the Contract is generally more beneficial to investors with a long investment time horizon.
Principal Risks of
Investing In the
Contract
 
5. Valuing Your
Contract
 
6. Expenses
What Are the
Risks
Associated
with the
Investment
Options?
• An investment in the Contract is subject to the risk of poor investment performance and
can vary depending on the performance of the Investment Options available under the
Contract.
• Each Investment Option has its own unique risks.
• You should review each Fund’s prospectus and disclosures, including risk factors, before
making an investment decision.
Principal Risks of
Investing In the
Contract
What Are the
Risks Related
to the
Insurance
Company?
An investment in the Contract is subject to the risks related to us. All obligations,
guarantees or benefits of the Contract are the obligations of Allianz Life and are subject to
our claims-paying ability and financial strength. More information about Allianz Life,
including our financial strength ratings, is available upon request by visiting
https://www.allianzlife.com/about/financial-ratings, or contacting us at (800) 624-0197.
Principal Risks of
Investing In the
Contract
 
RESTRICTIONS
 
Are There
Restrictions on
the Investment
Options?
Yes, there are limits on the Investment Options.
• Certain Investment Options may not be available under your Contract.
• We currently allow you to invest in no more than 15 Investment Options at any one time.
We may change this maximum in the future, but it will not be less than 5 Investment
Options.
• The first 12 transfers between Investment Options every Contract Year are free. After
that, we deduct a $25 transfer fee for each additional transfer. Your transfers between the
Investment Options are also subject to policies designed to deter excessively frequent
transfers and market timing. These transfer restrictions do not apply to the Contract's
automatic transfer programs.
• We reserve the right to remove or substitute the Fund in which an Investment Option
invests.
• We may terminate your ability to make additional Purchase Payments during the
Accumulation Phase because we reserve the right to decline any or all Purchase
Payments at any time on a nondiscriminatory basis.
• We do not accept additional Purchase Payments:
– if you have Investment Protector,
– on or after the Benefit Date if you have Income Protector or Income Focus, or
– on or after the Annuity Date.
• We also restrict additional Purchase Payments during the Accumulation Phase if you
have Income Protector or Income Focus. Each Rider Year, you cannot add more than
your initial amount (i.e., the total of all Purchase Payments received before the first
Quarterly Contract Anniversary of the first Contract Year) without our prior approval.
Overview of the
Contract
 
Principal Risks of
Investing In the
Contract
 
3. Purchase
Payments –
Purchase
Payment
Requirements
 
4. The Investment
Options’
Underlying Funds
 
5. Valuing Your
Contract
 
Appendix A –
Investment
Options Available
Under the
Contract
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
 7 
 
RESTRICTIONS
Prospectus
Location
Are There any
Restrictions on
Contract
Benefits?
Yes, there are restrictions on Contract benefits.
• Optional benefits may further limit or restrict the Investment Options that you may select
under the Contract. We may change these restrictions in the future.
• Optional benefits may be modified or terminated under certain circumstances.
• Withdrawals that exceed limits specified by the terms of an optional benefit may affect the
availability of the benefit by reducing the benefit by an amount greater than the value
withdrawn and could end the benefit. Withdrawals that reduce both the Contract Value
and the guaranteed value (either the Traditional Death Benefit Value if you have the
Traditional Death Benefit, or Quarterly Anniversary Value if you have the Quarterly Value
Death Benefit) to zero will end your selected death benefit.
• The deduction of financial adviser fees is in addition to this Contract's fees and expenses,
and the deduction is treated the same as any other withdrawal under the Contract. As
such, withdrawals to pay financial adviser fees are subject to withdrawal charges, will
reduce the Contract Value on a dollar for dollar basis, and reduce all of the guaranteed
values proportionately by the percentage of Contract Value withdrawn (perhaps
significantly and by more than the amount withdrawn).
9. Benefits
Available Under
the Contract
 
11. Death Benefit
 
Appendix B –
Investment
Restrictions for
Optional Benefits
 
TAXES
 
What Are the
Contract’s Tax
Implications?
• Consult with a tax professional to determine the tax implications of an investment in and
withdrawals from or payments received under the Contract.
• If you purchased the Contract through a tax-qualified plan, as an individual retirement
annuity, or through a custodial individual retirement account, you do not get any additional
tax benefit under the Contract.
• Generally, earnings under a Non-Qualified Contract are taxed at ordinary income rates
when withdrawn, and may also be subject to a 10% additional federal tax for amounts
withdrawn before age 59 1∕2.
• Generally, distributions from Qualified Contracts are taxed at ordinary income tax rates
when withdrawn, and may also be subject to a 10% additional federal tax for amounts
withdrawn before age 59 1∕2.
12. Taxes
 
CONFLICTS OF INTEREST
 
How Are
Investment
Professionals
Compensated?
Your Financial Professional may receive compensation for selling this Contract to you, in
the form of commissions, additional cash benefits (e.g., cash bonuses), and non-cash
compensation. We and/or our wholly owned subsidiary distributor may also make marketing
support payments to certain selling firms for marketing services and costs associated with
Contract sales. This conflict of interest may influence your Financial Professional to
recommend this Contract over another investment for which the Financial Professional is
not compensated or compensated less.
6. Expenses –
Commissions
Paid to Dealers
Should I
Exchange My
Contract?
Whether to exchange your existing Contract for a new contract is a decision that each
investor should make based on their personal circumstances and financial objectives.
However, in making this decision you should be aware that some Financial Professionals
may have a financial incentive to offer you a new contract in place of one you already own.
You should only exchange your Contract if you determine, after comparing the features,
risks, and fees of both contracts, including any fees or penalties to terminate your existing
Contract, that it is better for you to purchase the new contract rather than continue to own
your existing Contract.
13. Other
Information –
Distribution
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
 8 
Appendix A – Investment Options Available Under the Contract
The following includes information about the Funds available under the Contract. More information about the Funds is available in the Funds’ prospectuses, which may be amended from time to time and can be found online at https://www.allianzlife.com/variableoptions. You can also request this information at no cost by calling (800) 624-0197, or by sending an email request to [email protected]. Depending on the optional benefits you chose, you may not be able to invest in certain Investment Options. See Appendix B - Investment Restrictions for Optional Benefits.
The current expenses and performance information below reflects fees and expenses of the Funds, but does not reflect the other fees and expenses that your Contract may charge. Expenses would be higher and performance would be lower if these other charges were included. Each Fund’s past performance is not necessarily an indication of future performance. 
Investment Objectives
Fund
and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of December 31, 2025)
1 Year
5 Years
10 Years
Long-term capital appreciation with
preservation of capital as an
important consideration
AZL® Balanced Index
Strategy Fund
 
Adviser: Allianz Investment
Management LLC
0.71%
13.34%
5.37%
6.88%
Long-term capital appreciation
AZL® DFA Multi-Strategy
Fund
 
Adviser: Allianz Investment
Management LLC
0.87%
15.03%
7.44%
7.91%
Exceed total return of the
Bloomberg Capital U.S. Aggregate
Bond Index
AZL® Enhanced Bond Index
Fund
 
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Financial Management, Inc.
0.66%
6.86%
-0.72%
1.65%
High level of current income while
maintaining prospects for capital
appreciation
AZL® Fidelity Institutional
Asset Management®
Multi-Strategy Fund – Class
2(1)
 
Adviser: Allianz Investment
Management LLC
Subadviser: FIAM® LLC
0.71%
11.22%
6.11%
7.58%
High level of current income
AZL® Fidelity Institutional
Asset Management® Total
Bond Fund – Class 2
 
Adviser: Allianz Investment
Management LLC
Subadviser: FIAM® LLC
0.91%
7.64%
0.31%
2.85%
Current income consistent with
stability of principal
AZL® Government Money
Market Fund(1)
 
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Advisors, LLC
0.65%
3.70%
2.62%
1.57%
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
Appendix A
 9 
Investment Objectives
Fund
and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of December 31, 2025)
1 Year
5 Years
10 Years
Seeks to match the performance of
the MSCI EAFE® Index as closely
as possible
AZL® International Index
Fund – Class 2
 
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
0.70%
30.72%
8.32%
7.67%
Seeks to match the performance of
the Standard & Poor’s MidCap 400®
Index as closely as possible
AZL® Mid Cap Index Fund –
Class 2
 
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
0.60%
6.90%
8.48%
10.22%
Long-term capital appreciation
AZL® Moderate Index
Strategy Fund(1)
 
Adviser: Allianz Investment
Management LLC
0.68%
14.69%
6.55%
8.02%
Seeks to match the performance of
the MSCI World Index as closely as
possible
AZL® MSCI Global Equity
Index Fund – Class 2(1)
 
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
0.68%
20.77%
11.77%
10.93%
Long-term capital appreciation with
preservation of capital as an
important consideration
AZL® MVP Balanced Index
Strategy Fund(2)
 
Adviser: Allianz Investment
Management LLC
0.73%
10.70%
4.85%
5.95%
Long-term capital appreciation
AZL® MVP DFA
Multi-Strategy Fund(1,2)
 
Adviser: Allianz Investment
Management LLC
0.87%
12.05%
6.85%
6.78%
High level of current income while
maintaining prospects for capital
appreciation
AZL® MVP Fidelity
Institutional Asset
Management® Multi-Strategy
Fund(2)
 
Adviser: Allianz Investment
Management LLC
0.83%
7.91%
5.26%
5.83%
Long-term capital appreciation with
preservation of capital as an
important consideration
AZL® MVP Global Balanced
Index Strategy Fund(2)
 
Adviser: Allianz Investment
Management LLC
0.79%
10.79%
4.59%
5.47%
Long-term capital appreciation
AZL® MVP Growth Index
Strategy Fund(2)
 
Adviser: Allianz Investment
Management LLC
0.69%
11.80%
7.67%
7.78%
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
Appendix A
 10 
Investment Objectives
Fund
and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of December 31, 2025)
1 Year
5 Years
10 Years
Long-term capital appreciation
AZL® MVP Moderate Index
Strategy Fund(2)
 
Adviser: Allianz Investment
Management LLC
0.73%
11.26%
5.93%
6.65%
Long term capital appreciation with
preservation of capital as an
important intermediate-term
objective
AZL® MVP T. Rowe Price
Capital Appreciation Plus
Fund(2)
 
Adviser: Allianz Investment
Management LLC
0.88%
8.39%
7.78%
8.71%
Seeks to match the total return of
the Russell 1000® Growth Index
AZL® Russell 1000 Growth
Index Fund – Class 2(1)
 
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
0.69%
17.79%
14.74%
17.47%
Seeks to match the total return of
the Russell 1000® Value Index
AZL® Russell 1000 Value
Index Fund – Class 2(1)
 
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
0.69%
15.11%
10.73%
9.86%
Seeks to match total return of the
S&P 500®
AZL® S&P 500 Index Fund –
Class 2
 
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
0.50%
17.33%
13.87%
14.25%
Seeks to match performance of the
S&P SmallCap 600 Index®
AZL® Small Cap Stock Index
Fund – Class 2
 
Adviser: Allianz Investment
Management LLC
Subadviser: BlackRock
Investment Management, LLC
0.61%
5.46%
6.66%
9.20%
Long-term capital appreciation with
preservation of capital as an
important intermediate-term
objective
AZL® T. Rowe Price Capital
Appreciation Fund(1)
 
Adviser: Allianz Investment
Management LLC
Subadviser: T. Rowe Price
Associates, Inc./T. Rowe Price
Investment Management, Inc.
1.00%
11.50%
9.01%
10.85%
Long-term growth of capital
Davis VA Financial
Portfolio(1,3)
 
Adviser: Davis Selected
Advisers, L.P.
0.75%
29.12%
18.15%
12.94%
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
Appendix A
 11 
Investment Objectives
Fund
and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of December 31, 2025)
1 Year
5 Years
10 Years
Income
Franklin U.S. Government
Securities VIP Fund – Class
2(1,3)
 
Adviser: Franklin Advisers, Inc.
0.79%
6.69%
0.02%
1.14%
Maximize total return
LVIP JPMorgan Core Bond
Fund – Service Class(1)
 
Adviser: Lincoln Investment
Advisors Corporation
Subadviser: J.P. Morgan
Investment Management, Inc.
0.71%
7.15%
N/A
N/A
Total return with an emphasis on
current income, but also considering
capital appreciation
MFS Total Return Bond
Series – Service Class(1)
 
Adviser: Massachusetts
Financial Services Company
0.78%
6.94%
-0.09%
2.38%
Total return which exceeds that of its
benchmark
PIMCO Balanced Allocation
Portfolio – Admin. Class(1)
 
Adviser: Pacific Investment
Management Company LLC
0.86%
16.22%
6.28%
7.15%
Maximum real return consistent with
prudent investment management
PIMCO
CommodityRealReturn®
Strategy Portfolio – Admin.
Class(1)
 
Adviser: Pacific Investment
Management Company LLC
3.19%
18.79%
10.55%
6.54%
Maximum total return, consistent
with preservation of capital and
prudent investment management
PIMCO Emerging Markets
Bond Portfolio – Admin.
Class(1,3)
 
Adviser: Pacific Investment
Management Company LLC
1.17%
15.01%
2.45%
5.08%
Total return which exceeds that of its
benchmark
PIMCO Global Core Bond
(Hedged) Portfolio – Admin.
Class
 
Adviser: Pacific Investment
Management Company LLC
1.13%
6.73%
0.78%
3.16%
Maximum total return, consistent
with preservation of capital and
prudent investment management
PIMCO High Yield Portfolio –
Admin. Class(1,3)
 
Adviser: Pacific Investment
Management Company LLC
0.81%
8.97%
3.98%
5.59%
Maximum total return, consistent
with preservation of capital and
prudent investment management
PIMCO Long-Term U.S.
Government Portfolio –
Admin. Class
 
Adviser: Pacific Investment
Management Company LLC
2.48%
6.31%
-6.79%
-0.36%
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
Appendix A
 12 
Investment Objectives
Fund
and Adviser/Subadviser
Current
Expenses
Average Annual Total Returns
(as of December 31, 2025)
1 Year
5 Years
10 Years
Maximum real return, consistent
with preservation of real capital and
prudent investment management
PIMCO Real Return Portfolio
– Admin. Class(1,3)
 
Adviser: Pacific Investment
Management Company LLC
1.39%
7.87%
1.22%
3.20%
Total return, which exceeds that of
its secondary benchmark index
consistent with prudent investment
management
PIMCO StocksPLUS® Global
Portfolio – Advisor Class(1)
 
Adviser: Pacific Investment
Management Company LLC
0.93%
24.25%
10.89%
11.08%
Maximum total return, consistent
with preservation of capital and
prudent investment management
PIMCO Total Return Portfolio
– Admin. Class
 
Adviser: Pacific Investment
Management Company LLC
0.73%
8.90%
0.02%
2.36%
High current income, consistent with
preservation of capital, with capital
appreciation as a secondary
consideration
Templeton Global Bond VIP
Fund – Class 2(1,3)
 
Adviser: Franklin Advisers, Inc.
0.75%
15.73%
-0.96%
-0.15%
(1)
This Fund’s annual expenses reflect temporary fee reductions. Please see the Fund’s prospectus for information regarding the expense reimbursement or fee waiver arrangement.
(2)
This Fund is managed in a way that is intended to minimize volatility of returns (referred to as a “managed volatility strategy”). For more information see Principal Risks of Investing in the Contract – Managed Volatility Investment Option Risk, or refer to the Fund’s prospectus.
(3)
This Investment Option is only available to Contracts issued before October 16, 2017.
EDGAR Contract ID No.: C000119017
CNT-400-USP
Allianz ConnectionsTM Variable Annuity Prospectus – May 1, 2026
Appendix A
 13 


FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/14/2026

1. ADBE
2. SPCX
3. USO
4. SPY
5. RH
6. NVDA
7. RKLB
8. CRM
9. MSFT
10. MRVL


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings