State Farm Mutual Funds® Performance

This performance data represents past performance and does not guarantee future results. There is no guarantee that the circumstances leading to this performance will be replicated in the future. Investment return and principal value will fluctuate and fund shares, when redeemed, may be worth less than their original cost. Recent performance may be less than the figures shown.

Click on the fund name for more information including standardized performance as of the last calendar quarter.

State Farm Mutual Funds® Performance
Fund Name (click on name for more information) Average Annual Total Returns as of 04/30/2008 30 day SEC Yield (%)
With maximum sales charge (%) At NAV (%) Total Annual Operating Expenses
Year to date 1 Yr 3 Yr 5 Yr Since Incep-tion** Year to date 1 Yr 3 Yr 5 Yr Since Incep-tion** Gross Net
Equity Fund1,4,5,6
Legacy A
-7.98
-18.00
2.71
6.43
-0.30
-5.14
-15.49
3.76
7.08
0.11
n/a
1.17
1.20
Legacy B
-8.02
-18.11
2.54
6.41
-0.27
-5.17
-15.77
3.40
6.72
-0.27
n/a
1.57
1.60
Class A
-9.84
-19.55
2.09
6.02
-0.56
-5.05
-15.35
3.84
7.13
0.14
n/a
1.17
1.20
Class B
-10.05
-20.00
1.95
6.11
-0.59
-5.31
-16.12
3.06
6.43
-0.59
n/a
1.87
1.90
Class R1
n/a
n/a
n/a
n/a
n/a
-5.19
-15.81
3.45
6.76
-0.23
n/a
1.49
1.52
Class R2
n/a
n/a
n/a
n/a
n/a
-5.06
-15.53
3.68
6.99
0.00
n/a
1.29
1.32
Class R3
n/a
n/a
n/a
n/a
n/a
-5.04
-15.29
3.96
7.29
0.32
n/a
0.99
1.02
S&P 500 Index Fund1,4,5,6
Legacy A
-8.05
-8.17
6.37
9.09
1.16
-5.23
-5.32
7.45
9.77
1.58
n/a
0.78
0.80
Legacy B
-8.25
-8.51
6.20
9.11
1.21
-5.41
-5.72
7.00
9.39
1.21
n/a
1.18
1.20
Class A
-9.95
-10.06
5.63
8.63
0.87
-5.23
-5.36
7.44
9.77
1.58
n/a
0.78
0.80
Class B
-10.22
-10.65
5.67
8.84
0.91
-5.50
-6.00
6.70
9.13
0.91
n/a
1.48
1.50
Class R1
n/a
n/a
n/a
n/a
n/a
-5.41
-5.63
7.08
9.44
1.23
n/a
1.10
1.12
Class R2
n/a
n/a
n/a
n/a
n/a
-5.33
-5.48
7.26
9.62
1.44
n/a
0.90
0.92
Class R3
n/a
n/a
n/a
n/a
n/a
-5.22
-5.21
7.62
9.96
1.78
n/a
0.60
0.62
Small/Mid Cap Equity Fund1,4,5,6
Legacy A
-8.24
-3.91
11.53
11.96
4.10
-5.41
-0.96
12.68
12.66
4.54
n/a
1.44
1.40
Legacy B
-8.43
-3.93
11.50
11.98
4.14
-5.60
-1.35
12.23
12.24
4.14
n/a
1.84
1.80
Class A
-10.10
-5.91
10.79
11.54
3.83
-5.40
-0.93
12.72
12.68
4.55
n/a
1.44
1.40
Class B
-10.38
-5.95
10.97
11.72
3.86
-5.66
-1.65
11.91
11.97
3.86
n/a
2.04
2.00
Class R1
n/a
n/a
n/a
n/a
n/a
-5.61
-1.40
12.31
12.28
4.17
n/a
1.76
1.72
Class R2
n/a
n/a
n/a
n/a
n/a
-5.48
-1.13
12.50
12.49
4.39
n/a
1.56
1.52
Class R3
n/a
n/a
n/a
n/a
n/a
-5.40
-0.76
12.92
12.84
4.73
n/a
1.26
1.22
Small Cap Index Fund1,4,5,6
Legacy A
-9.32
-14.57
6.39
11.85
5.87
-6.51
-11.94
7.49
12.53
6.31
n/a
0.98
0.95
Legacy B
-9.47
-14.81
6.25
11.86
5.91
-6.67
-12.35
7.06
12.11
5.91
n/a
1.38
1.35
Class A
-11.29
-16.41
5.65
11.36
5.55
-6.60
-12.01
7.46
12.51
6.30
n/a
0.99
0.95
Class B
-11.35
-16.70
5.72
11.61
5.68
-6.69
-12.59
6.76
11.87
5.68
n/a
1.68
1.65
Class R1
n/a
n/a
n/a
n/a
n/a
-6.62
-12.25
7.16
12.18
5.99
n/a
1.30
1.27
Class R2
n/a
n/a
n/a
n/a
n/a
-6.60
-12.11
7.35
12.39
6.18
n/a
1.11
1.07
Class R3
n/a
n/a
n/a
n/a
n/a
-6.36
-11.74
7.71
12.72
6.48
n/a
0.80
0.77
International Equity Fund1,4,5,6
Legacy A
-6.70
-2.85
14.04
16.48
5.04
-3.80
0.14
15.21
17.20
5.48
n/a
1.60
1.50
Legacy B
-6.85
-3.04
14.07
16.52
5.06
-3.97
-0.25
14.77
16.73
5.06
n/a
2.00
1.90
Class A
-8.61
-4.89
13.26
16.01
4.75
-3.83
0.13
15.20
17.20
5.47
n/a
1.60
1.50
Class B
-8.79
-5.18
13.57
16.27
4.80
-3.98
-0.53
14.47
16.49
4.80
n/a
2.20
2.10
Class R1
n/a
n/a
n/a
n/a
n/a
-3.91
-0.21
14.88
16.88
5.13
n/a
1.92
1.82
Class R2
n/a
n/a
n/a
n/a
n/a
-3.83
0.04
15.14
17.12
5.38
n/a
1.73
1.62
Class R3
n/a
n/a
n/a
n/a
n/a
-3.82
0.24
15.39
17.39
5.67
n/a
1.42
1.32
International Index Fund1,4,5,6
Legacy A
-6.82
-5.02
13.89
18.45
5.99
-3.96
-2.09
15.05
19.18
6.43
n/a
1.28
1.15
Legacy B
-6.90
-5.25
13.91
18.55
6.04
-4.02
-2.41
14.61
18.75
6.04
n/a
1.67
1.55
Class A
-8.74
-6.86
13.11
17.98
5.69
-3.95
-1.98
15.07
19.19
6.43
n/a
1.28
1.15
Class B
-8.89
-7.38
13.39
18.30
5.78
-4.09
-2.65
14.30
18.50
5.78
n/a
1.98
1.85
Class R1
n/a
n/a
n/a
n/a
n/a
-4.09
-2.37
14.70
18.87
6.10
n/a
1.60
1.47
Class R2
n/a
n/a
n/a
n/a
n/a
-3.95
-2.12
14.98
19.09
6.32
n/a
1.40
1.27
Class R3
n/a
n/a
n/a
n/a
n/a
-3.87
-1.82
15.26
19.40
6.64
n/a
1.10
0.97
Equity and Bond Fund1,3,4,5,6
Legacy A
-4.86
-9.47
3.28
5.29
2.00
-1.92
-6.69
4.33
5.94
2.41
2.35
1.09
0.98
Legacy B
-4.96
-9.72
3.04
5.22
2.05
-2.02
-7.07
3.89
5.54
2.05
1.95
1.49
1.38
Class A
-6.82
-11.40
2.53
4.85
1.69
-1.93
-6.70
4.31
5.93
2.41
2.36
1.09
0.98
Class B
-7.04
-11.81
2.48
4.93
1.77
-2.14
-7.40
3.58
5.26
1.77
1.65
1.69
1.58
Class R1
n/a
n/a
n/a
n/a
n/a
-1.95
-6.98
4.00
5.63
2.09
2.03
1.41
1.30
Class R2
n/a
n/a
n/a
n/a
n/a
-1.95
-6.77
4.19
5.83
2.30
2.23
1.20
1.10
Class R3
n/a
n/a
n/a
n/a
n/a
-1.84
-6.50
4.51
6.14
2.61
2.53
0.91
0.80
Bond Fund1,4,5,6
Legacy A
-1.24
3.13
3.24
3.02
4.58
1.85
6.31
4.30
3.64
5.01
4.60
0.70
0.70
Legacy B
-1.28
2.89
3.03
2.88
4.61
1.72
5.89
3.89
3.24
4.61
4.34
1.10
1.10
Class A
-1.25
3.13
3.27
3.04
4.59
1.85
6.31
4.34
3.66
5.03
4.61
0.70
0.70
Class B
-1.28
2.79
3.04
2.88
4.61
1.72
5.79
3.89
3.24
4.61
4.35
1.10
1.10
Class R1
n/a
n/a
n/a
n/a
n/a
1.75
5.98
3.97
3.29
4.70
4.43
1.02
1.02
Class R2
n/a
n/a
n/a
n/a
n/a
1.81
6.19
4.15
3.47
4.87
4.63
0.82
0.82
Class R3
n/a
n/a
n/a
n/a
n/a
1.91
6.40
4.49
3.80
5.17
4.93
0.52
0.52
Tax Advantaged Bond Fund1,4,5
Legacy A
-1.79
1.20
2.17
2.94
4.43
1.21
4.28
3.20
3.56
4.86
3.32
0.72
0.70
Legacy B
-1.92
0.87
1.92
2.80
4.45
1.08
3.87
2.79
3.15
4.45
3.02
1.12
1.10
Class A
-1.87
1.11
2.14
2.92
4.41
1.12
4.28
3.17
3.54
4.85
3.32
0.72
0.70
Class B
-1.92
0.87
1.88
2.78
4.44
1.08
3.87
2.76
3.13
4.44
3.02
1.12
1.10
Class R1
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Class R2
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Class R3
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a

Fund Name
(click on name for more information)
Total Returns as of 04/30/2008 at NAV (%) 7-day Current Yield (%) as of 05/16/2008 Total Annual Operating Expenses
Year To Date 1 Yr 3 Yr 5 Yr Since Inception* Gross Net
Money Market Fund1,4,5,6
Legacy A
0.92
4.01
4.03
2.75
2.57
1.730
0.63
0.60
Legacy B
0.78
3.59
3.61
2.34
2.15
1.320
1.03
1.00
Class A
0.92
4.01
4.04
2.76
2.57
1.740
0.64
0.60
Class B
0.78
3.60
3.61
2.34
2.15
1.330
1.03
1.00
Class R1
0.81
3.68
3.69
2.42
2.24
1.410
0.95
0.92
Class R2
0.88
3.88
3.90
2.62
2.44
1.610
0.76
0.72
Class R3
0.94
4.09
4.11
2.82
2.64
1.810
0.55
0.52

*The inception date for Class A&B is 05/01/06. The inception date for Class R1, R2 and R3 is 09/13/04. The inception date for Class Legacy A&B is 12/18/00.

State Farm LifePath® Funds Performance
Fund Name (click on name for more information) 30 day SEC Yield (%)
With maximum sales charge (%) At NAV (%) Total Annual Operating Expenses
Year to date 1 Yr 3 Yr 5 Yr Since Inception*** Year to date 1 Yr 3 Yr 5 Yr Since Inception*** Gross Net
LifePath® Income Fund1,2,4,5,6
Legacy A
-2.95
-2.14
4.66
n/a
5.43
0.05
0.87
5.73
n/a
6.08
n/a
1.65
1.30
Legacy B
-3.10
-2.56
4.48
n/a
5.33
-0.12
0.44
5.31
n/a
5.65
n/a
2.05
1.70
Class A
-4.92
-4.24
3.96
n/a
5.00
0.06
0.83
5.76
n/a
6.09
n/a
1.66
1.30
Class B
-5.15
-4.81
3.99
n/a
5.07
-0.18
0.19
5.06
n/a
5.40
n/a
2.36
2.00
Class R1
n/a
n/a
n/a
n/a
n/a
-0.10
0.47
5.38
n/a
5.74
n/a
1.98
1.62
Class R2
n/a
n/a
n/a
n/a
n/a
-0.05
0.64
5.58
n/a
5.94
n/a
1.78
1.42
Class R3
n/a
n/a
n/a
n/a
n/a
0.02
0.93
5.90
n/a
6.23
n/a
1.48
1.12
LifePath 2010® Fund1,2,4,5,6
Legacy A
-3.29
-2.96
5.36
n/a
6.55
-0.32
0.03
6.42
n/a
7.20
n/a
1.60
1.30
Legacy B
-3.47
-3.30
5.19
n/a
6.46
-0.49
-0.46
6.01
n/a
6.77
n/a
2.00
1.70
Class A
-5.33
-4.98
4.76
n/a
6.18
-0.32
0.03
6.56
n/a
7.29
n/a
1.60
1.30
Class B
-5.54
-5.39
4.72
n/a
6.22
-0.57
-0.65
5.78
n/a
6.54
n/a
2.30
2.00
Class R1
n/a
n/a
n/a
n/a
n/a
-0.40
-0.39
6.07
n/a
6.87
n/a
1.93
1.62
Class R2
n/a
n/a
n/a
n/a
n/a
-0.40
-0.12
6.31
n/a
7.09
n/a
1.73
1.42
Class R3
n/a
n/a
n/a
n/a
n/a
-0.32
0.13
6.60
n/a
7.38
n/a
1.43
1.12
LifePath 2020® Fund1,2,4,5,6
Legacy A
-4.36
-5.39
6.28
n/a
7.99
-1.40
-2.44
7.36
n/a
8.65
n/a
1.59
1.30
Legacy B
-4.50
-5.62
6.15
n/a
7.97
-1.55
-2.84
6.96
n/a
8.27
n/a
2.00
1.70
Class A
-6.33
-7.31
5.66
n/a
7.61
-1.39
-2.40
7.48
n/a
8.72
n/a
1.60
1.30
Class B
-6.61
-7.73
5.70
n/a
7.75
-1.69
-3.11
6.73
n/a
8.05
n/a
2.30
2.00
Class R1
n/a
n/a
n/a
n/a
n/a
-1.47
-2.73
7.11
n/a
8.37
n/a
1.92
1.62
Class R2
n/a
n/a
n/a
n/a
n/a
-1.40
-2.53
7.24
n/a
8.53
n/a
1.72
1.42
Class R3
n/a
n/a
n/a
n/a
n/a
-1.32
-2.30
7.42
n/a
8.75
n/a
1.42
1.12
LifePath 2030® Fund1,2,4,5,6
Legacy A
-5.17
-7.19
6.93
n/a
9.04
-2.21
-4.32
8.02
n/a
9.70
n/a
1.61
1.30
Legacy B
-5.29
-7.40
6.82
n/a
8.98
-2.36
-4.67
7.62
n/a
9.27
n/a
2.01
1.70
Class A
-7.15
-9.13
6.21
n/a
8.60
-2.28
-4.35
8.04
n/a
9.72
n/a
1.61
1.30
Class B
-7.30
-9.50
6.39
n/a
8.78
-2.42
-4.96
7.41
n/a
9.06
n/a
2.31
2.00
Class R1
n/a
n/a
n/a
n/a
n/a
-2.29
-4.61
7.69
n/a
9.39
n/a
1.93
1.62
Class R2
n/a
n/a
n/a
n/a
n/a
-2.28
-4.45
7.89
n/a
9.59
n/a
1.73
1.42
Class R3
n/a
n/a
n/a
n/a
n/a
-2.14
-4.17
8.19
n/a
9.87
n/a
1.42
1.12
LifePath 2040® Fund1,2,4,5,6
Legacy A
-5.85
-8.74
7.37
n/a
9.85
-2.95
-5.93
8.46
n/a
10.52
n/a
1.62
1.30
Legacy B
-5.93
-8.96
7.31
n/a
9.86
-3.02
-6.27
8.11
n/a
10.14
n/a
2.02
1.70
Class A
-7.77
-10.63
6.60
n/a
9.38
-2.95
-5.94
8.44
n/a
10.51
n/a
1.63
1.30
Class B
-7.99
-11.04
6.83
n/a
9.62
-3.15
-6.58
7.84
n/a
9.90
n/a
2.33
2.00
Class R1
n/a
n/a
n/a
n/a
n/a
-3.02
-6.19
8.15
n/a
10.21
n/a
1.94
1.62
Class R2
n/a
n/a
n/a
n/a
n/a
-2.95
-6.03
8.37
n/a
10.42
n/a
1.75
1.42
Class R3
n/a
n/a
n/a
n/a
n/a
-2.87
-5.72
8.68
n/a
10.72
n/a
1.45
1.12

Legacy A and B shares are only available to shareholders with account registrations established prior to 5/01/06.

** The inception date for Class A & B is 5/01/06. The inception date for Class R1, R2 and R3 is 09/13/04. The inception date for Legacy Class A & B is 12/18/00.

***The inception date for LifePath Funds, Class A&B is 05/01/06. The inception date for LifePath Funds, Legacy Class A&B is 05/09/03.

This performance data represents past performance and does not guarantee future results. There is no guarantee that the circumstances leading to this performance will be replicated in the future. Investment return and principal value will fluctuate and fund shares, when redeemed, may be worth less than their original cost. Recent performance may be less than the figures shown.

Year-to-date and since inception total return are the compounded rate of change in value during a period of investment, including the value of shares acquired through reinvestment of all dividends and of all capital gain distributions for the period. These figures are based on an investment at the beginning of the period through the end of the period and reflect all applicable fees and expenses, including a maximum sales charge of 3% for Legacy A shares and maximum contingent deferred sales charges on Legacy B shares of 3% during year one, 2.75% in year two, 2.75% in year three, 2.50% in year four, 2.00% in year five, 1.00% in year six, and 0% in year seven. For Class A and B shares, figures are based on a maximum sales charge of 5% for Class A shares and maximum contingent deferred sales charges on Class B shares of 5% during year one, 4.25% in year two, 3.50% in year three, 2.75% in year four, 2.00% in year five, 1.00% in year six, and 0% in year seven. NAV Total Return does not include any initial sales charge or contingent deferred sales charge. Class R shares do not include a sales charge. 


An investment in the Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any 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.

1 State Farm Investment Management Corp., the investment adviser for each fund, has voluntarily agreed to reimburse each fund for certain annual operating expenses. This agreement may be eliminated at any time.

2 Barclays Global Fund Advisors, the investment adviser to the LifePath Master Portfolios, has contractually agreed to waive certain management fees. This contractual waiver extends through April 30, 2009.

3 State Farm Investment Management Corp. has agreed to waive certain fees for the Equity and Bond Fund. State Farm Investment Management Corp. has agreed to reimburse the Equity and Bond Fund for certain expenses incurred by the Fund. This expense reimbursement and waiver is voluntary and may be eliminated at any time.

4For the time period prior to May 1, 2006, the performance data quoted in this report for State Farm Class A shares is the performance for the Legacy Class A shares adjusted to include the maximum sales charge associated with Class A shares. Legacy Class A shares and Class A shares are comprised of the same underlying securities portfolio and have the same investment objectives and annual operating expenses. Legacy Class A shares have a maximum sales load of 3.00%. Class A shares have a maximum sales load of 5.00% except for the Bond Fund and the Tax Advantaged Bond Fund, which have a maximum sales load of 3.00%. Neither the Class A Money Market Fund nor the Legacy Class A Money Market Fund have a sales load. Class A shares have an inception date of May 1, 2006. Legacy Class A shares have an inception date of December 18, 2000, except for LifePath® Funds, which have an inception date of May 9, 2003.

5For the time period prior to May 1, 2006, the performance data quoted in this report for State Farm Class B shares is the performance for the Legacy Class B shares adjusted to include the higher contingent deferred sales charges and the higher 12b-1 fees associated with Class B shares. Legacy Class B shares and Class B shares are comprised of the same underlying securities portfolio and have the same investment objectives and annual operating expenses, except for 12b-1 fees. The annual 12b-1 fee for Legacy Class B shares is .65% for all the funds except the Money Market Fund which is .55%. The annual 12b-1 fee for Class B shares is .95% for all the funds except the Bond Fund and Tax Advantaged Bond Fund which are .65% and the Money Market Fund which is .55%. Class B shares have an inception date of May 1, 2006. Legacy Class B shares have an inception date of December 18, 2000 except for LifePath® Funds, which have an inception date of May 9, 2003.

6For the time period prior to September 13, 2004, the performance data quoted in this report for State Farm Class R-1, R-2, and R-3 shares is the performance for the Legacy Class A shares adjusted for annual expenses associated with Class R-1, R-2, and R-3 shares. Class R-1, R-2, and R-3 shares are comprised of the same underlying securities portfolio and have the same investment objectives as Legacy Class A shares. Class R-1, R-2, and R-3 shares have an inception date of September 13, 2004. Legacy Class A shares have an inception date of December 18, 2000, except for the LifePath® Funds, which have an inception date of May 9, 2003.


For the Money Market Fund, the 7-day current yield more closely reflects the current earnings than the total returns.

The 30-day SEC Yield is the net investment income per share for the 30-day period as of the most recent calendar month ended divided by the maximum public offering price for A shares, including a maximum 5% sales charge, or by the net asset value for B shares at the end of the period and annualizing the result. B shares have a maximum contingent deferred sales charge (CDSC) of 5%. The 30-day SEC Yield quoted for B shares does not include the CDSC. If the CDSC were included, the 30-day SEC Yield quoted for B shares would have been lower.

State Farm VP Management Corp. Risk/Important Disclosures. State Farm Mutual Funds Prospectus. The State Farm College Savings Plan Enrollment Handbook


AP2008/05/0518
 

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