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Legacy Class A Shares
Initial Sales Charge
If you are a grandfathered shareholder, you can buy Legacy Class A shares of each of the funds at the offering price, which is the net asset value per share plus a sales charge (commission). The applicable sales charge schedule can be found below. There is no initial sales charge for new investments in Legacy Class A shares of the Money Market Fund.
Grandfathered shareholders may purchase Legacy Class A and Legacy Class B shares, whereas shareholders who are not grandfathered may purchase Class A or Class B shares.
You are a grandfathered shareholder if you satisfy one or more of the following criteria:
- Your account holding Legacy Class A or Legacy Class B shares was established before May 1, 2006.
- Your account holding Legacy Class A or Legacy Class B shares was established after April 30, 2006, as a result of the death or divorce of one or more individual shareholders who had a grandfathered account.
- Your account holding Legacy Class A or Legacy Class B shares was established after April 30, 2006, as a result of a conversion or re-characterization of a grandfathered IRA account.
- You are a trustee that obtained Legacy Class A or Legacy Class B shares from another grandfathered account.
If your investment meets or exceeds certain amounts or breakpoints, youll qualify for a reduced sales charge. The following methods are ways in which you can qualify for a reduced or waived sales charge:
- combined purchases
- rights of accumulation
- special waivers for certain categories of investors
- reinvestment privilege
- letter of intent
Please read the prospectus for complete details on these programs. Also, feel free to visit your registered State Farm® Agent or call a securities products representative at 1-800-447-4930 for an explanation of these programs to help you determine if you qualify for a reduced or waived sales charge.
The sales charges for Legacy Class A shares, expressed as a percentage of the funds offering price and net amount invested, are:
Initial Sales Charge Legacy Class A Shares
Sales Charge as a Percentage of Amount of Purchase Offering Price Net Amount Invested
|Amount of Purchase||Offering Price||Net Amount Invested|
|Less than $50,000||3.00%||3.09%|
|$50,000 to $99,999||2.50%||2.56%|
|$100,000 to $199,999||2.00%||2.04%|
|$200,000 to $299,999||1.50%||1.52%|
|$300,000 to $399,999||1.00%||1.01%|
|$400,000 to $499,999||.50%||.50%|
|$500,000 or more||0.00%1||0.00%1,2|
Distribution And Service Fees
Legacy Class A shares of each fund are subject to a distribution fee, commonly known as a 12b-1 Fee, of up to 0.25 percent (0.15 percent for the Money Market Fund) per year of the funds average daily net assets. The distribution fee is payable to State Farm VP Management Corp. to reimburse it for services and expenses incurred in connection with the distribution of fund shares. In addition, Legacy Class A shares of each fund pay a shareholder servicing fee of up to 0.25 percent per year of the funds average daily net assets. Please read the prospectus for complete information on the funds fees and expenses.
- 1 No sales charge is imposed at the time of purchase on amounts of $500,000 or more. However, for an investment of $500,000 or more in Legacy Class A shares of any fund other than the Money Market Fund, a contingent deferred sales charge will be incurred if shares are redeemed within 12 months following their purchase at the rate of 0.5 percent on the lesser of the value of the shares redeemed (not including reinvested dividends and capital gains distributions) or the cost of such shares. Please read the prospectus for further details.
- 2The contingent deferred sales charge does not apply to individuals or entities who:
- Enter into a "Retirement Plan Recordkeeping Service Agreement" with the Manager's contracted plan recordkeeper (the "Recordkeeper"),
- Are investing more than $3 million in Fund shares, or the person or entity's employer-sponsored retirement plan for which the Recordkeeper provides services has reached a value of $3 million,
- After May 1, 2005, do not own Fund Class B or Institutional Class shares for which the Recordkeeper would otherwise provide administrative services under the Retirement Plan Recordkeeping Service Agreement, and who
- Intend that the employer-sponsored qualified retirement plan for which the Recordkeeper is providing administrative services will purchase Fund shares.
Investing involves risk, including potential for 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.
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 Funds 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.
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 Moodys 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 Japans 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.
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 & Poors®, S&P®, S&P 500®, Standard and Poors 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 & Poors, and Standard & Poors 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 Trusts Prospectus contains a more detailed description of the limited relationship MSCI has with the Trust and the Fund.
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 customers 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.
1-800-447-4930 Mutual Funds
1-888-702-2307 Variable Products
Not FDIC Insured