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Legacy A and B shares are only available to shareholders with account registrations established prior to 5/01/06.
*The inception date for Mutual Funds, Class A and B is 5/01/06. The inception date for Mutual Funds, Class R1, R2 and R3 is 09/13/04. The inception date for Legacy Class A and B is 12/18/00. The inception date for LifePath Funds, Class A and B is 05/01/06. The inception date for Institutional Funds is 11/1/01. The inception date for LifePath Funds, Legacy Class A and B is 05/09/03. The inception date for LifePath 2050 Fund is 7/10/08.
**For the Money Market Fund, the 7-day current yield more closely reflects the current earnings than the total returns.
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 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.
(There is no sales charge or 12b-1 fee associated with Institutional Class shares.) NAV Total
Return does not include any initial sales charge or contingent deferred sales
charge for any shares. These figures do not reflect the deduction of taxes that
a shareholder would pay on fund distributions or the redemption of fund shares.
While Legacy Class A, Class A, and Institutional Class shares are subject to
different sales charges and expense levels, returns are substantially similar
because the shares of each class are invested in the same portfolio of
securities. Recent performance may be less than the figures shown.
Obtain total returns current to the most recent month-end at statefarm.com®
under the Mutual Funds tab for Legacy Class A, Legacy Class B, Class A, and
Class B shares. For Institutional Class shares, you may obtain total returns
current to the most recent month-end by calling our Securities Response Center at 1.800.447.4930.
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, 2011.
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.
4 For 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.
5 For 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.
6 For 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.
7The 7-day Current Yield (%) reflects the "net" yield for each share class, after Fund expenses. Given the current low "gross" yield (before expense) environment for short-term money market securities, State Farm Investment Management Corp. and/or State Farm VP Management Corp. have elected to waive all or a portion of their fees due from the Fund to prevent the Fund's yield from decreasing below zero. This fee waiver, which is voluntary, may be discontinued by State Farm Investment Management Corp. and/or State Farm VP Management Corp. at any time. The new voluntary fee waiver also may reduce the Fund's net annual operating expenses to a level below the net level shown in the above table. For more information, please read "State Farm to Temporarily Waive Money Market Fund Fees" or contact the Securities Response Center at 1-800-447-4930. The 7-day unsubsidized yield represents what the yield would have been in the absence of temporary expense waivers or reimbursements.
8The 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.The 30-day unsubsidized yield represents what the yield would have been in the absence of temporary expense waivers or reimbursements.
LifePath Funds are target-date portfolios that provide a diversified exposure to stocks, bonds, and/or cash for those investors who have a specific date in mind (in this case years 2010, 2020, 2030, 2040, or 2050) for retirement or another goal. The target date is the approximate date when investors plan to start withdrawing assets. The investment objectives of each fund are adjusted over time to become more conservative as the target date approaches. The principal value of the fund(s) is not guaranteed at any time, including at the target date. Equity Fund Benchmark: S&P 500® Index
The S&P 500® Index tracks the common stock performance of large companies in the manufacturing,
utilities, transportation, and financial industries. In total, the S&P 500 is comprised of 500 common stocks.
Unlike an investment in the S&P 500 Index Fund, a theoretical investment in the Index does not reflect any
expenses. It is not possible to invest directly in an index.
S&P 500 Index Fund Benchmark: S&P 500® Index
The S&P 500® Index tracks the common stock performance of large
U.S companies in the manufacturing, utilities, transportation, and financial
industries. In total, the S&P 500 is comprised of 500 common stocks. Unlike
an investment in the S&P 500 Index Fund, a theoretical investment in the
Index does not reflect any expenses. It is not possible to invest directly in
an index.
Small/Mid Cap Equity Benchmark: Russell 2500® Index
The Russell 2500® Index tracks the common
stock performance of the 2,500 smallest U.S. companies in the Russell 3000®
Index, which represents approximately 17% of the total capitalization of the
Russell 3000 Index. Unlike an investment in the Small/Mid Cap Equity Fund, a
theoretical investment in the Index does not reflect any expenses. It is not
possible to invest directly in an index.
Small Cap Index Fund Benchmark: Russell 2000® Index
The Russell 2000® Index tracks
the common stock performance of the 2,000 smallest U.S. companies in the Russell
3000® Index, which represents approximately 10% of the total capitalization of the
Russell 3000 Index. Unlike an investment in the Small Cap Equity Fund, a
theoretical investment in the Index does not reflect any expenses. It is not
possible to invest directly in an index.
International Equity Fund Benchmark: MSCI ACWI Ex-US Index
The MSCI All Country World Index (ACWI) (ex-US) is a free
float-adjusted market capitalization index that is designed to measure equity
market performance in the global developed and emerging markets excluding the US.
Unlike an investment in the International Equity Fund, a theoretical investment in the
Index does not reflect any expenses. It is not possible to invest directly in
an index.
International Index Fund Benchmark: MSCI EAFE® Free Index
The Morgan Stanley Capital International Europe, Australasia and Far
East Free (EAFE® Free) Index currently measures the performance of
stock markets of Europe, Australia, New Zealand, and the Far East and takes
into account local market restrictions on share ownership by foreigners. EAFE
Free is meant to reflect actual opportunities for foreign investors in a local
market. Returns are measured in U.S. dollars.
Equity and Bond Fund Benchmark: Blended Benchmark* (*60% S&P 500® Index, 40% Barclays Capital U.S.
Aggregate Bond Index)
This Blended Benchmark reflects a combination of 60% of the S&P 500®
Index and 40% of the Barclays Capital U.S. Aggregate Bond Index.
The S&P 500® Index tracks the common stock performance of
large U.S. companies. In total, the S&P 500 is comprised of 500 common stocks.
The Barclays Capital US Aggregate Bond Index is a benchmark index
composed of US securities in Treasury, Government-Related, Corporate, and
Securitized sectors. It includes securities that are of investment-grade
quality or better, have at least one year to maturity, and have an outstanding
par value of at least $250 million.
Bond Fund Benchmark: Barclays Capital U.S. Aggregate Bond Index
The Barclays Capital US Aggregate Bond Index (formerly Lehman Brothers
US Aggregate Bond Index) is a benchmark index composed of US securities in
Treasury, Government-Related, Corporate, and Securitized sectors. It includes
securities that are of investment-grade quality or better, have at least one
year to maturity, and have an outstanding par value of at least $250 million.
Tax-Advantaged Bond Fund Benchmark: Barclays Capital Municipal Bond Index
The Barclays Capital Municipal Bond Index is an
unmanaged index representative of the tax-exempt bond market and is made up of
investment grade municipal bonds issued after 12/31/90 having a remaining
maturity of at least one year.
LifePath Funds Benchmark: Custom Blended Benchmark
The following indexes are used to calculate
the Blended Benchmarks for the State Farm LifePath Funds: S&P 500®
Index (Large-Cap Stock Class); S&P MidCap 400® Index (Mid-Cap
Stock Class); S&P SmallCap 600® Index (Small-Cap Stock Class);
MSCI ACWI ex-US IMI Index (International Stock Class);Barclays Capital U.S.
Aggregate Index (U.S. Bond Class); Citigroup
3-Month Treasury Bill Index (Money Markets; Barclays Capital
U.S. TIPS Index (U.S. Inflation Linked Bonds); FTSE EPRA/NAREIT Global Index
(Real Estate). The index composition of each Blended Benchmark is rebalanced
quarterly to reflect the funds' changing asset allocation over time.
The S&P 500® Index tracks the common stock performance of
large U.S. companies. In total, the S&P 500 is comprised of 500 common stocks.
The S&P MidCap 400® Index is
a market capitalization-weighted index composed of 400 stocks with market
values between $200 million and $5 billion.
The S&P SmallCap 600® index is an unmanaged index
generally representative of the market for the stocks of small capitalization U.S. companies.
The MSCI All Country World Index (ACWI) (ex-US) Investable Market Index
is a free float-adjusted market capitalization index that is designed to
measure equity market performance in the global developed and emerging markets
excluding the U.S.
The Barclays Capital US Aggregate Bond Index is a benchmark index
composed of US securities in Treasury, Government-Related, Corporate, and
Securitized sectors. It includes securities that are of investment-grade
quality or better, have at least one year to maturity, and have an outstanding
par value of at least $250 million.
The Citigroup 3-Month Treasury Bill Index is an average of the last
3-month Treasury bill issues (excluding the current month-end bill).
The Barclays Capital U.S. TIPS Index represents securities that protect
against adverse inflation and provide a minimum level of real return. To be
included in this index, bonds must have cash flows linked to an inflation
index, be sovereign issues denominated in U.S. currency, and have more than
one year to maturity.
The FTSE EPRA/NAREIT Global Real Estate Index Series is designed to track the
performance of listed real estate companies and REITS worldwide.
State Farm VP Management Corp. Risk/Important Disclosures. State Farm Mutual Funds Prospectus. The State Farm College Savings Plan Enrollment Handbook (PDF 276 KB).
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AP2009/10/9902
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