Our Investment Team

Fund Manager

Funds Managed

• State Farm LifePath 2050® Fund
• State Farm LifePath 2040® Fund
• State Farm LifePath 2030® Fund
• State Farm LifePath 2020® Fund
• State Farm LifePath 2010® Fund
• State Farm LifePath® Income Fund
• State Farm S&P 500 Index Fund

Overview

For over 30 years, Barclays Global Fund Advisors (BGFA) has been at the forefront of developing innovative investment ideas.

Rooted in sound investment philosophy that applies science and technology to the investment process, BGFA focuses on the three dimensions of performance:

• Return,
• Risk and Cost, and
• Offering clients total performance management.

Quick Facts

• One of the world’s largest institutional investment managers, with nearly $2.0 trillion in assets (as of 6/30/08) for over 2,950 clients in 54 countries around the world.
  
• Created the first index strategy in 1971 and created the first lifestyle fund – the LifePath® Portfolios – nearly fifteen years ago.
  
• America’s largest money manager according to Institutional Investor, July 2007.
  
• Global leader in assets and products in the exchange traded funds business, with more than 300 ETFs.
• Barclays remains committed to maintaining its lead in investment research, investing more than $150 million annually.

Fund Manager

Funds Managed

• State Farm Equity Fund (Growth Investment Style)
• State Farm Equity and Bond Fund (Growth Investment Style)
• State Farm Small/Mid Cap Equity Fund  (Value Investment Style)

Overview

The fundamental premise that drives Bridgeway Capital Management Inc.’s investment philosophy is that long-term, market-beating performance can best be achieved through a strict adherence to quantitative methods in the selection of stocks and management of portfolios.

• Approach: Very lean cost structure, relying on proprietary computer models and on a small but very talented and dedicated team.
• Value Added: Avoids soft dollars, promotes independence and aggressively manages trading costs.

Quick Facts

• Bridgeway Capital Management Inc. was founded in 1993.
• The firm ascribes to four business values: integrity, investment performance, cost efficiency and service.
• Among the numerous ways Bridgeway seeks to differentiate itself in the marketplace is its commitment to donate 50% of its investment advisory fee profits to charitable and non-profit organizations.
• Firm is independently owned. Bridgeway manages $5.4 billion in assets (as of 6/30/08).

Fund Manager

Funds Managed

• State Farm International Equity Fund  (Growth Investment Style)

Overview

Founded in 1997, Marsico Capital Management, LLC employs an investment approach which combines elements of "top-down" macroeconomic analysis and "bottom-up" company and stock analysis. With this approach, Marsico emphasizes the selection of what they believe are stocks of high-quality companies with compelling potential for long-term capital appreciation.

Marsico investment team members' backgrounds are highly diverse, but they share several core characteristics including:

• Competitiveness, 
• Curiosity,
• Passion for the stock market,
• Tremendous work ethic,
• A deep sense of responsibility to shareholders.

Quick Facts

• Based in Denver, CO and independently-owned.  
• Experienced team approach: Marsico’s investment team is comprised of 4 portfolio managers and 17 research analysts.
• Marsico manages over $90 billion in assets (as of 6/30/08).

Fund Manager

Funds Managed

• State Farm International Equity Fund  (Value Investment Style)

Overview

Founded in 2003, Northern Cross, LLC is a Boston based independent investment management firm specializing in International Equity mandates. Northern Cross strives to consistently add value for shareholders by focusing investments on high quality companies that can deliver long term margin expansion and by identifying secular trends.

Northern Cross employs a straight forward stock selection process, supported by the unique insights of an experienced and proven team, which includes:

• Investing only in businesses which are thoroughly understood by the team.
• Selecting companies with strong sustainable market positions in concentrated industries with potential pricing power.
• Seeking out undervalued assets and franchise values.  

A commitment to robust “on-the-ground” research.

Quick Facts

• Based in Boston, MA and independently owned by four principals.  Northern Cross manages over $30 billion in assets (as of 6/30/08).
• At Northern Cross, experience matters: As of 6/30/08, the average industry experience of the four principal members of Northern Cross exceeds 23 years.
• Northern Cross emphasizes a low turnover, team-based value-oriented investment strategy.

Fund Manager

Funds Managed

• State Farm Small Cap Index Fund
• State Farm International Index Fund

Overview

Founded in 1889, Northern Trust has earned distinction as an industry leader in combining high-touch service and expertise with innovative products and technology.

Northern Trust is among the largest index managers in the financial industry and their proprietary index management process has consistently provided returns that are competitive with their underlying benchmark indexes.

Quick Facts

• More than $751 billion in assets under management (as of 6/30/08).
• Northern Trust is well positioned in 18 U.S. states and 12 international countries to achieve continued growth and service capabilities.

Fund Manager

Funds Managed

• State Farm Small/Mid Cap Equity Fund   (Growth Investment Style)

Overview

Rainier Investment Management, Inc.® employs a consistent Growth at a Reasonable Price philosophy.

• Selection: Fundamental analysis is the foundation of finding companies with strong earnings growth.
• Diversification: Growth opportunities exist in all sectors of the market.
• Reasonable Price: Stocks are purchased at below historical average valuations.

Quick Facts

• Experienced Professionals: Rainier investment team members average 23 years experience. 
• Consistency: Rainier has maintained the same investment team and philosophy
• Independently owned: Owners are active employees. Rainier manages $17.9 billion in assets (as of 6/30/08).

Fund Manager

Funds Managed

• State Farm Equity and Bond Fund (Bond portfolio)
• State Farm Bond Fund
• State Farm Tax Advantaged Bond Fund
• State Farm Money Market Fund

Overview

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

• State Farm Investment Management Corp. (SFIMC) is responsible for over $11.7 billion in assets under management (as of 6/30/08) with nearly 500,000 accounts opened.
• Approximately $100 billion in Fixed Income assets, $28 billion of which are in municipal bonds, are managed for the State Farm enterprise.

Fund Manager

Funds Managed

• State Farm Equity Fund  (Value Investment Style)
• State Farm Equity and Bond Fund (Value Investment Style)

Overview

For over 25 years, Westwood Management Corp. has followed a consistent investment philosophy to generate consistent and competitive long-term results for investors.

At the heart of Westwood’s success has been its team-based, value-oriented investment strategy that includes the following distinguishing characteristics:

• Performance driven by bottom-up fundamental research
• Buying high quality companies
• Emphasizing risk control and protection of capital
• Focused portfolio of “best ideas”.

Quick Facts

• Westwood Management Corp. is based in Dallas, TX and was founded in 1983.
• Comprised of a 14-member investment team, Westwood provides investment advisory services to corporate pension funds, public retirement plans, endowments and foundations, mutual funds and clients of Westwood Trust. 
• Westwood manages over $7.7 billion in assets (as of 6/30/08).