The State Farm® College Savings Plan Sponsored by the State of Nebraska

Professionally managed, flexible investment options

Maybe you want to help make sure your preschooler will be able to attend college. Or maybe you're saving for your own college tuition not far down the road. That's why The State Farm College Savings Plan offers a variety of investment portfolios for different needs. You can choose what's right for you with five Enrollment-Based Portfolios and four Static Portfolios managed by OFI Private Investments Inc. ("OFIPI"), a subsidiary of OppenheimerFunds, Inc. And should your investment objectives change, you can transfer to another State Farm College Savings Plan portfolio.⁵ It is important to note that there is market risk involved when investing in mutual funds, including possible loss of principal.

Enrollment-Based Portfolios

Your funds are placed in one of five portfolios whose allocations are based on how long the beneficiary has until college.  The portfolios automatically become more conservative as the first year of college approaches.

Static Portfolios

Our four Static Portfolios give you more control over how your savings are invested. That’s because unlike investing in our Enrollment-Based Portfolios, you choose the Static Portfolio, or Portfolios, you’d like to invest in. And since our Static Portfolios do not automatically invest more conservatively over time, you can change your portfolio selections as your needs change.

	Growth Portfolio All assets within this portfolio are invested in equity funds. It is most appropriate for investors with a long investment time horizon and a high risk tolerance.
	Moderate Growth Portfolio This portfolio provides a mix of equity and fixed income investments. It is most appropriate for investors with a medium to long investment time horizon and moderate risk tolerance.
	Balanced Portfolio This portfolio provides a more conservative mix of equity and fixed income investments. Investors with a short to medium time horizon and a lower risk tolerance may prefer this option.
	Money Market Portfolio This portfolio invests to seek current income and protection of principal. It is most appropriate for  investors with a short investment time horizon and a low risk tolerance.

An investment in a 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.

Enrollment Based Portfolios are similar to target date funds in that they provide a diversified exposure to stocks, bonds, and/or cash for those investors who have a specific date in mind (in this case, OppenheimerFunds 13+ Years to College, 7-12 Years, 4-6 Years, 1-3 Years, College Now, Growth, Moderate Growth, Balanced, and Money Market Portfolios) for educational expenses. The enrollment date is the approximate date when investors plan to start withdrawing assets for education purposes. The investment objectives of each fund are adjusted over time to become more conservative as the enrollment date approaches. The principal value of the fund(s) is not guaranteed at any time, including at the enrollment date.

⁵Transfers are allowed once per calendar year.

The State Farm College Savings Plan is available by registered representatives of State Farm VP Management Corp., One State Farm Plaza, Bloomington, IL 61710, 1-800-447-4930. Please read carefully the Enrollment Handbook and Participation Agreement and consider the investment objectives, risks, fees and expenses, and other information associated with The State Farm College Savings Plan before investing or sending money.

State and local tax laws vary. If you or the designated beneficiary are not Nebraska residents, you should consider before investing whether your or the designated beneficiary’s home state offers any state tax or other benefits to its residents for investing in the plan offered by the state.

The State Farm College Savings Plan (the “plan”) is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer. The plan is established in cooperation with State Farm VP Management Corp. (“State Farm”), the State of Nebraska, and OFI Private Investments Inc. (“OFIPI”), a subsidiary of OppenheimerFunds, Inc., pursuant to which State Farm offers classes of shares in a series of accounts within the Nebraska Educational Savings Plan Trust (the “Trust” and plan issuer) that are distributed by OppenheimerFunds Distributor, Inc. (“OFDI” and together with OFIPI, “Oppenheimer”). The Trust offers other accounts that are not affiliated with the plan.

The Nebraska State Treasurer serves as trustee of the plan; OFIPI serves as the investment manager, with the oversight of the Nebraska Investment Council, and servicing agent; OFIDI serves as the distributor; Union Bank & Trust Company (“Union Bank”) serves as the program manager. 

The State Farm College Savings Plan is not insured or guaranteed by State Farm, Oppenheimer, Union Bank and Trust Company, the Trust, the State of Nebraska, the Nebraska State Treasurer, the Nebraska Investment Council, any of their respective affiliates, directors, officers or agents or any other entity.

This plan is intended to operate as a qualified tuition program, pursuant to section 529 of the U.S. Internal Revenue Code.

The information presented in this document does not constitute investment, legal, or tax advice. Please consult your legal and/or tax advisor for specific information about your situation.

Participation in the plan does not guarantee that contributions and the investment earnings, if any, will be adequate to cover future tuition and other higher education expenses, or that a beneficiary will be admitted to or permitted to continue to attend an eligible educational institution.

This material is not an offer to sell or a solicitation of an offer to buy any securities. Any offer to sell shares within the plan may only be made by the Enrollment Handbook and Participation Agreement relating to the plan.

Neither the State of Nebraska, the Trust, the Nebraska State Treasurer, the Nebraska Investment Council, Union Bank, Oppenheimer, nor State Farm, nor any of their respective affiliates, directors, officers, or agents shall have any debt or obligation to any contributor, any beneficiary, or any other person as a result of the establishment of the plan, nor will these entities assume any risk or liability for mutual funds in which the plan invests.

Investors in the plan do not hold shares of the underlying funds directly, but rather shares in a portfolio of the plan.   

AP2009/09/3302