| State Farm LifePath 2020® Fund |
Net Assets as of 03/31/09 |
Ticker Symbol |
| Legacy Class A** |
$256,214,886 |
(SAWAX) |
| Legacy Class B** |
$57,903,523 |
(SAWBX) |
| Class A |
$171,312,786 |
(NLWAX) |
| Class B |
$11,064,437 |
(NLWBX) |
| Class I |
$56,301,815 |
(SAWIX) |
| Class R1 |
$8,488,145 |
(RAWOX) |
| Class R2 |
$9,913,652 |
(RAWTX) |
| Class R3 |
$1,907,711 |
(RAWHX) |
** Only available to shareholders with account registrations established prior to 5/01/06.
Investor profile: The LifePath 2020 Fund invests all of its assets in a separate series of the Master Investment Portfolio, called the LifePath 2020 Master Portfolio. Based strictly on statistical considerations, you would want to invest in the LifePath Fund corresponding to the year when you expect to begin withdrawing your investment (2010, 2020, etc.). But statistical considerations alone may not govern your investment decision, and the five LifePath Funds allow for that too. If you are willing to assume greater risk in exchange for the possibility of higher returns, you might direct some or all of your assets to a LifePath Fund with a longer time horizon. If you desire a more conservative investment, and are willing to forego some potential returns, you might direct some or all of your assets to a LifePath Fund with a shorter time horizon.
Investment objective: For investors planning to retire (or begin to withdraw substantial portions of their investment) approximately in the year 2020.
Investment strategy: State Farm LifePath 2020 Fund is designed for investors expecting to begin withdrawing assets around the year 2020. As of December 31, 2008, the State Farm LifePath 2020 Fund intends to hold about 58% of its assets in the underlying stock funds, 37% of its assets in the underlying bond funds, and the rest of its assets in the underlying money market fund.
The LifePath Funds pursue a common strategy of allocating and reallocating among the Underlying Funds. The LifePath Funds with longer time horizons invest a greater portion of their assets in Underlying Funds that invest in stocks, which provide a greater opportunity for capital appreciation over the long-term. The LifePath Funds with shorter time horizons invest a greater portion of their assets in Underlying Funds that invest in bonds and money market instruments, which typically offer reduced risk and price volatility. The LifePath Funds with shorter time horizons, accordingly, have lower expected returns than the LifePath Funds with longer time horizons.
Each LifePath Retirement Master Portfolio invests in a combination of stock, bond and short-term money market funds (the Underlying Funds) in proportions suggested by its own comprehensive asset allocation investment strategy that gradually becomes more conservative as the year in the LifePath Fund's name approaches, except for the LifePath Retirement Master Portfolio that is already in its most conservative phase.
Please read the Prospectus for more detailed information on expenses.
Risks
LifePath Fund investments are not bank deposits or obligations of any other insured depository institution. They are not guaranteed or endorsed by the Federal Deposit Insurance Corporation or any other government agency.
Each State Farm LifePath Fund invests all of its assets in a corresponding LifePath Master Portfolio under a master/feeder structure. Barclays Global Fund Advisors (BGFA) 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 BGFA or its affiliates.
LifePath®, LifePath® Income, LifePath 2010®, LifePath 2020®, LifePath 2030®, LifePath 2040®, and LifePath 2050® are all registered trademarks of Barclays Global Investors, N.A.
It is important to note that there is market risk involved when investing in mutual funds, including possible loss of principal.
It is important to note all bonds are subject to interest rate risk, including those issued by the U.S. government. There is risk that the bonds a fund holds may decline in value due to an increase in interest rates.
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
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