Class A shares
Initial sales charge
You may buy Class A shares of each of the Funds at the public 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 Class A shares of the Money Market Fund. A new investment is an investment you initially make in the Fund by means other than an exchange from another Fund.
If your investment meets or exceeds certain amounts, or breakpoints, you may qualify for a reduced sales charge. The following programs 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
- Dividend/Capital Gain 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, expressed as a percentage of the fund's offering price & net amount invested, for Class A shares are:
Initial Sales Charge - Class A Shares
(All funds except the State Farm Bond Fund, Tax Advantaged Bond Fund, and Money Market Fund) |
| |
Sales Charge as a Percentage of |
|
| Amount of Purchase |
Offering Price |
Net Amount Invested |
| Less than $25,000 |
5.00% |
5.26% |
| $25,000-$49,999 |
4.50% |
4.71% |
| $50,000 to $99,999 |
4.00% |
4.17% |
| $100,000 to $199,999 |
3.00% |
3.09% |
| $200,000 to $299,999 |
2.50% |
2.56% |
| $300,000 to $399,999 |
2.00% |
2.04% |
| $400,000 to $499,999 |
1.50% |
1.52% |
| $500,000 or more |
0.00%* |
0.00% |
Initial Sales Charge - Class A Shares
(State Farm Bond Fund and Tax Advantaged Bond Fund) |
| |
Sales Charge as a Percentage of |
|
| 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 |
0.50% |
0.50% |
| $500,000 or more |
0.00%* |
0.00% |
*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 Class A shares of any Fund other than the Money Market Fund, a contingent deferred sales charge will be charged if shares are redeemed within 12 months following their purchase at the rate of 0.5% on the lesser of the value of the shares redeemed (exclusive of reinvested dividends and capital gains distributions) or the cost of such shares. Please read the prospectus for further details.
Distribution and service fees
Class A shares of each Fund are subject to a distribution fee, commonly known as a 12b-1 fee of up to 0.25% (0.15% for the Money Market Fund) per year of the Fund's 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, Class A shares of each Fund pay a shareholder servicing fee of up to 0.25% per year of the Fund's average daily net assets. Please read the prospectus for complete information on the Funds' fees and expenses.
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.
State Farm VP Management Corp Risk/Important Disclosures. State Farm Mutual Funds Prospectus. The State Farm College Savings Plan Enrollment Handbook
(PDF 553 KB)
.
It is important to note that there is market risk involved when investing in mutual funds, including possible loss of principal.
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AP2009/03/2389 |
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