State Farm – Money Market Fund

Money Market

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Find an Agent or call 1-800-447-4930.

Investment Objective

Seeks to maximize current income to the extent consistent with the preservation of capital and maintenance of liquidity.

Who Should Invest?

You may want to invest in the Money Market Fund if you require stability of principal, are seeking an investment for the cash portion of an asset allocation program, are looking for an investment with a lower degree of risk during uncertain economic times or periods of stock market volatility, and/or consider yourself a saver rather than an investor.

Fund Resources

Money Market Fund Monthly Holdings Archive

Risk Measure Click for details


Types of risk:

Interest Rate Risk

The risk that when interest rates increase, securities held by an Underlying Investment will decline in value. Long-term fixed income securities will normally have more price volatility than short-term securities because of the risk.

Income Risk

The risk that the income from a fund's investments will decline because of falling market interest rates.

Credit Risk

The risk that an issuer of a debt security might not make interest and principal payments on the security as they become due. If the issuer fails to pay interest, the income of an Underlying Investment investing in such debt security might be reduced, and if the issuer fails to repay the principal, the value of that security and of the Underlying Investment's shares might be reduced.

Inflation Risk

The risk that the fund manager's assessment of companies whose securities are held in the fund may prove incorrect, resulting in losses or poor performance, even in a rising market.

Management Risk

The overall general upward price movement of goods and services in an economy, usually as measured by the Consumer Price Index and the Producer Price Index. Over time, as the cost of goods and services increase, the value of a dollar falls because a person won't be able to purchase as much with that dollar as he or she previously could.

Fund Performance

Average annual total returns as of: Click for details

Period to View:

PERFORMANCE (%) Click for details 7-Day SEC YIELD(%) 1 EXPENSE RATIO Click for details
Funds YTD 1YR 3YR 5YR 10YR
or since
inception		 Subsidized Unsubsidized Gross Net
Legacy A
Net Asset Value (NAV) 		0.00 0.00 0.00 0.23 1.48 0.00 -0.49 0.59 0.59
Legacy B
Net Asset Value (NAV) 		0.00 0.00 0.00 0.17 1.25 0.00 -0.90 0.99 0.99
Class A
Net Asset Value (NAV) 		0.00 0.00 0.00 0.23 1.62 0.00 -0.49 0.59 0.59
Class B
Net Asset Value (NAV) 		0.00 0.00 0.00 0.17 1.35 0.00 -0.89 0.99 0.99
Class I
Net Asset Value (NAV) 		0.00 0.00 0.00 0.25 1.62 0.00 -0.34 0.44 0.44
Class R-1
Net Asset Value (NAV) 		0.00 0.00 0.00 0.18 1.40 0.00 -0.81 0.91 0.91
Class R-2
Net Asset Value (NAV) 		0.00 0.00 0.00 0.21 1.53 0.00 -0.61 0.71 0.71
Class R-3
Net Asset Value (NAV) 		0.00 0.00 0.00 0.24 1.66 0.00 -0.41 0.51 0.51
Legacy A
Net Asset Value (NAV) 		0.00 0.00 0.00 0.26 1.49 0.00 -0.47 0.59 0.59
Legacy B
Net Asset Value (NAV) 		0.00 0.00 0.00 0.19 1.25 0.00 -0.87 0.99 0.99
Class A
Net Asset Value (NAV) 		0.00 0.00 0.00 0.23 1.63 0.00 -0.47 0.59 0.59
Class B
Net Asset Value (NAV) 		0.00 0.00 0.00 0.17 1.36 0.00 -0.87 0.99 0.99
Class I
Net Asset Value (NAV) 		0.00 0.00 0.00 0.29 1.63 0.00 -0.32 0.44 0.44
Class R-1
Net Asset Value (NAV) 		0.00 0.00 0.00 0.21 1.41 0.00 -0.79 0.91 0.91
Class R-2
Net Asset Value (NAV) 		0.00 0.00 0.00 0.24 1.54 0.00 -0.59 0.71 0.71
Class R-3
Net Asset Value (NAV) 		0.00 0.00 0.00 0.27 1.67 0.00 -0.39 0.51 0.51
Add a Class to compare: Legacy A Legacy B A B I R-1 R-2 R-3

Click for details


Investment return and principal value will fluctuate and your investment, when redeemed, may be worth more or less than its original cost. Past performance is no guarantee of future results. Recent performance may be less than the figures shown. Obtain total returns current to the most recent month-end by calling our Mutual Funds Response Center at 1.800.447.4930.

Total returns are the compounded rate of change in value during a period of investment, including the value of shares acquired through reinvestment of all dividends and of all capital gain distributions for the period. These figures are based on an investment at the beginning of the period through the end of the period and reflect all applicable fees and expenses, including a maximum sales charge of 3% for Legacy A shares and maximum contingent deferred sales charges for Legacy B shares of 3%. For Class A and B shares, figures are based on a maximum sales charge of 5% for Class A shares and maximum contingent deferred sales charges on Class B shares of 5%. Class R shares do not include a sales charge. There is no sales charge or 12b-1 fee associated with Institutional Class Shares. NAV Total Return does not reflect the deduction of the sales charge.

For the time period prior to May 1, 2006, the performance data quoted in this report for State Farm Class A shares is the performance for the Legacy Class A shares adjusted to include the maximum sales charge associated with Class A shares. For the time period prior to May 1, 2006, the performance data quoted in this report for State Farm Class B shares is the performance for the Legacy Class B shares adjusted to include the higher contingent deferred sales charges and the higher 12b-1 fees associated with Class B shares. For the time period prior to September 13, 2004, the performance data quoted in this report for State Farm Class R-1, R-2, and R-3 shares is the performance for the Legacy Class A shares adjusted for annual expenses associated with Class R-1, R-2, and R-3 shares.

Note: Legacy A and B shares are only available to shareholders with account registrations established prior to 5/01/06.

The inception date for Class A and B is 5/01/06. The inception date for Class R1, R2 and R3 is 09/13/04. The inception date for Legacy Class A and B is 12/18/00. The inception date for Institutional Share Classes is 2/28/2002.

State Farm Investment Management Corp., the investment adviser for each fund, has voluntarily agreed to reimburse each fund for certain annual operating expenses. This agreement may be eliminated at any time.

1The 7-day current yield (%) reflects the net yield for each share class, after Fund expenses. State Farm Investment Management Corp and/or State Farm VP Management Corp. have elected to waive all or a portion of their fees due from the Fund to prevent the Fund's yield from decreasing below zero. This waiver is voluntary and may be discontinued at any time. The waiver may also reduce the Fund's net annual operating expenses to a level below the net level shown in the table above. The 7-day current yield more closely reflects the current earnings of the Money Market Fund than the total return quotation.

Fund Composition as of: 12/31/2012

The fund data below is as of quarter end unless otherwise noted.

Asset Allocation Mix Click for details

55.86% Commercial Paper

30.25% Government Agency Securities

10.74% U.S. Government Obligations

3.15% Cash Equivalents

Fund Fees, Expenses, and Charges

Below you will find the fees associated with this fund, as well as Total Annual Expenses and Initial Sales Charges.

Class A
Maximum Account Fee
(For certain accounts with balances below $5,000, a quarterly account fee of $10 may be charged.)
Minimum Initial Investment Click for details
(if not using an Automatic Investment Plan)
Minimum Initial Investment Click for details
(if using an Automatic Investment Plan)
Minimum Additional Investment Click for details
Maximum Initial Sales Charge Click for details
Maximum Deferred Sales Charge Click for details
Capital Gains Distribution Click for details
Dividend Distribution Click for details
Gross Expense Ratio Click for details
Net Expense Ratio Click for details

Our Objective

Our main objective is to make each of our 15 State Farm Mutual Funds® a highly competitive and rewarding long-term investment for our shareholders.

State Farm Mutual Funds shareholders can feel confident that their investments are being managed in a responsible, conservative, and cost-effective manner consistent with a long-term perspective.

Our Investment Advisors

We use an investment management structure that capitalizes on the unique strengths, focused attention, and knowledge of seasoned investment professionals in our internal investment department. Because we offer a wide variety of funds, some outside the core knowledge of our internal investment department, we also have seven other highly respected asset management organizations working for you.


State Farm Investment Management Corp. (SFIMC) – Bond Portfolio

Since 1968, State Farm Investment Management Corporation (SFIMC) has managed mutual funds made available only to State Farm employees and Agents. These same services became available to the public in 2001.

Our fund managers' investment philosophy is based on time-tested conservative investment principles that do not change in response to changing market conditions or short-term fluctuations.

Quick Facts
  • SFIMC manages over $14.8 billion assets (as of 12/31/2012).
  • Approximately $135 billion in fixed-income assets, $50 billion of which are in municipal bonds, are managed for the State Farm enterprise (as of 12/31/2012).

Other Funds Managed

Fund Data

Share Class Click for details Assets Under Management
as of 04/30/2013Click for details		 SymbolClick for details
$0 (MNAXX)

Risk Disclosures

Investing involves risk, including potential for loss.

Diversification and Asset allocation do not assure a profit or protect against a loss.

An investment in the Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

Additional Disclosures

Mutual Funds Disclosures

Before investing, consider the funds' investment objectives, risks, charges and expenses. Contact State Farm VP Management Corp (1-800-447-4930) for a prospectus or summary prospectus containing this and other information. Read it carefully.

General

Automatic investment plans do not assure a profit or protect against loss.

Neither State Farm nor its agents provide investment, tax, or legal advice.

It is not possible to invest directly in an index.

State Farm VP Management Corp. is a separate entity from those State Farm entities which provide banking and insurance products.

As of June 2nd, 2010, additional fees may apply to certain accounts with balances less than $5000.

Each State Farm LifePath Fund invests all of its assets in a corresponding LifePath Master Portfolio under a master/feeder structure. BlackRock Fund Advisors (“BFA”) is the investment advisor to the LifePath Master Portfolios. State Farm Investment Management Corp. (SFIMC) is the investment advisor to the State Farm LifePath Funds. State Farm VP Management Corp. (SFVPMC) is the distributor of the State Farm LifePath Funds. Neither SFIMC or SFVPMC, or their affiliates, are affiliated with BFA or its affiliates.

BlackRock Investors Services (BIS) provides marketing support to the LifePath Master Portfolios. BFA and BIS are wholly owned subsidiaries of BlackRock Institutional Trust Company, N.A. (“BTC”). Neither BTC or its affiliates are affiliated with State Farm. BTC is located at 400 Howard Street, San Francisco, CA 94105.

BlackRock Fund Advisors (“BFA”) is the investment sub-advisor to the S&P 500 Index Fund.

Ascensus provides recordkeeping and administrative services for retail 401(k) retirement plans offered by State Farm Investment Management Corp.

Net Asset Value (NAV) is calculated by adding all of the assets of a Fund, subtracting the Fund’s liabilities, then dividing by the number of outstanding shares.

Money market mutual fund data is not available for funds other than the State Farm Money Market Fund.

Indices

The Russell 2000® Index tracks the common stock performance of the 2,000 smallest U.S. companies in the Russell 3000® Index.

The Russell 2500 Index tracks the 2,500 smallest companies in the Russell 3000 Index.

The Russell 1000 Index is a stock market index that represents the highest-ranking 1,000 stocks in the Russell 3000 Index.

The Russell Midcap Index measures the performance of the mid-cap segment of the US equity market and is a subset of the Russell 1000 Index.

The Dow Jones Industrial Average is an unmanaged average of 30 actively traded stocks.

The NASDAQ Composite is an unmanaged market capitalization weighted index that is designed to represent the performance of the National Market System.

The S&P 500® Index tracks the common stock performance of 500 large U.S. companies.

The S&P 1500 Index is a stock market index of U.S. stock that includes all stocks in the large cap S&P 500 Index, the mid cap S&P 400 Index, and the small cap S&P 600 Index.

The Morgan Stanley Capital International Europe, Australasia and Far East Free (EAFE® Free) Index currently measures the performance of stock markets of Europe, Australia, New Zealand, and the Far East.

The Morgan Stanley Capital International Europe Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Europe.

The Barclays 1-5 Year U.S. Treasury Index measures the performance of short-term U.S. Treasury Securities maturing within one to five years.

The Barclays U.S. Aggregate Bond Index represents debt securities in the U.S. investment grade fixed rate bond market.

The Barclays Municipal Bond Index is an unmanaged index representative of the tax-exempt bond market.

The Barclays High Yield Index includes all fixed income securities having a maximum quality rating from Moody’s Investor Service of Ba1, a minimum amount outstanding of $100 million, and at least one year to maturity.

The Barclays TIPS Index measures the performance of the US Treasury Inflation-Protected Securities (TIPS) market.

The Citigroup 3 Month T-Bill Index is an average of the last 3-month Treasury bill issues (excluding the current month-end bill).

The FTSE EPRA/NAREIT Developed REIT and Non-Reit Index is a subset of the Developed Index, which is designed to track the performance of listed real estate companies and REITS worldwide.

The MSCI ACWI (All Country World Index) Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets.

The Nikkei 225 Index is a price-weighted index comprised of Japan’s top 225 blue-chip companies on the Tokyo Stock Exchange.

The Credit Suisse High Yield Index is designed to mirror the investible universe of the $U.S. – Denominated high yield debt market.

The New York Stock Exchange is considered the largest equities-based exchange in the world based on total market capitalization of its listed securities.

The CBOE 10-Year Treasury Note (TNX) is based on 10 times the yield-to-maturity on the most recently auctioned 10-year Treasury note. The notes are usually auctioned every three months following the refunding cycle: February, May, August and November. The expiration period of these notes is three near-term months plus three additional months from the March quarterly cycle. The aggregate position and exercise limits are 25,000 contracts on the same side of the market.

The Blended Benchmark for the Equity and Bond Fund is a combination of 60% of the S&P 500 Index and 40% of the Barclays U.S. Aggregate Bond Index, rebalanced monthly.

The Blended Benchmark for the LifePath Funds is a combination of the holdings in the Barclays U.S Aggregate Bond Index, Russell 1000 Index, MSCI ACWI ex-U.S. Index, FTSE EPRA/NAREIT Developed Real Estate Index and Barclays TIPS Index. The weightings of the indices are adjusted quarterly to reflect the funds' changing asset allocations over time.

Trademarks

iShares and LifePath®, LifePath 2020®, LifePath 2030®, LifePath 2040®, and LifePath 2050® are all registered trademarks of BlackRock Institutional Trust Company, N.A. All other trademarks, service marks or registered trademarks are the property of their respective owners.

“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard and Poor’s 500”, and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by State Farm Life Insurance Company, State Farm Life and Accident Assurance Company and the State Farm Variable Product Trust. Neither the Large Cap Equity Index Fund nor the Stock and Bond Balanced Fund is sponsored, endorsed, sold or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of investing in the Large Cap Equity Index Fund or the Stock and Bond Balanced Fund.

The Russell 2000® Index is a trademark/service mark, and Russell™ is a trademark of the Frank Russell Company. The Small Cap Equity Index Fund is not sponsored, endorsed, sold or promoted by, nor in any way affiliated with the Frank Russell Company. Frank Russell Company is not responsible for and has not reviewed the Small Cap Equity Index Fund nor any associated literature or publications and Frank Russell Company makes no representation or warranty, express or implied, as to their accuracy, or completeness, or otherwise.

The EAFE® Free Index is a trademark, service mark and the exclusive property of Morgan Stanley Capital International, Inc. (“MSCI”) and its affiliates and has been licensed for use by the State Farm Variable Product Trust (the “Trust”). The International Equity Index Fund (the “Fund”), based on the EAFE® Free Index, has not been passed on by MSCI as to its legality or suitability, and is not issued, sponsored, endorsed, sold or promoted by MSCI. MSCI makes no warranties and bears no liability with respect to the Fund. MSCI has no responsibility for and does not participate in the management of the Fund assets or sale of the Fund shares. The Trust’s Prospectus contains a more detailed description of the limited relationship MSCI has with the Trust and the Fund.

Non-US Residents

Each of the investment products and services referred to on the State Farm Mutual Funds web site is intended to be made available to customers or prospective customers residing in the United States. The customer’s U.S. permanent residence address must be a street address. This web site shall not be considered a solicitation or offering for any investment product or service to any person in any jurisdiction where such solicitation or offer would be unlawful.

Business Continuity Plan

State Farm VP Management Corp. has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, download this information (PDF 27 KB) on our business continuity plan.

Need Assistance?

1-800-447-4930 Mutual Funds
1-888-702-2307 Variable Products

AP2013/04/9944

Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value