|
*The inception date is November 3, 2008.
1Only account owners who owned Class B shares prior to November 3, 2008, are eligible to purchase
Class B shares.
2Total Annual Operating Expense information as of September 24, 2009.
The maximum sales charge is 5.50% for Class A shares for The State Farm College Savings Plan Model
Portfolios. Performance for Class B shares will differ from Class A shares due to differences in sales charge structure and
class expenses. B share returns include reinvestment of distributions, changes in net asset value and the effect of the
contingent deferred sales charge (CDSC) which declines from 5.00% in the first year to 0% at the beginning of the seventh
year.
The plan may charge administrative service fees and assess sales charges. These are in addition to the
investment management fees and other expenses associated with the underlying investments.
The State Farm College Savings Plan is available by registered representatives of State Farm VP
Management Corp., One State Farm Plaza, Bloomington, IL 61710, 1-800-447-4930. Please read carefully the Enrollment
Handbook and Participation Agreement and consider the investment objectives, risks, fees and expenses and other information
associated with The State Farm College Savings Plan before investing or sending money. State and local tax laws
vary. If you or the designated beneficiary are not Nebraska residents, you should consider before investing whether you or
the designated beneficiary’s home state offers any state tax or other benefits to its residents for investing in the plan
offered by that state.
The State Farm College Savings Plan (the "plan") is sponsored by the State of Nebraska and administered
by the Nebraska State Treasurer. The plan is established in cooperation with State Farm VP Management Corp.
("State Farm"), the State of Nebraska, and OFI Private Investments Inc. (OFIPI), a subsidiary of OppenheimerFunds, Inc.,
pursuant to which State Farm offers classes of shares in a series of accounts within the Nebraska Educational
Savings Plan Trust (the "Trust” and plan issuer) that are distributed by OppenheimerFunds Distributor, Inc. (OFDI
and together with OFIPI, "Oppenheimer"). The Trust offers other accounts that are not affiliated with the plan.
The Nebraska State Treasurer serves as trustee of the plan; OFIPI serves as the investment manager, with the
oversight of the Nebraska Investment Council; and servicing agent: OFDI serves as the distributor; Union Bank & Trust
("union Bank") serves as the program manager.
The State Farm College Savings Plan is not
insured or guaranteed by State Farm, Oppenheimer, Union Bank and Trust Company, the Trust, the State of Nebraska, the
Nebraska State Treasurer, the Nebraska Investment Council, any of their respective affiliates, directors, officers or
agents, or any other entity.
Enrollment Based Portfolios are similar to target date funds in that they provide a diversified exposure to
stocks, bonds, and/or cash for those investors who have a specific date in mind (in this case, OppenheimerFunds 13+ Years to
College, 7-12 Years, 4-6 Years, 1-3 Years, College Now, Growth, Moderate Growth, Balanced, and Money Market Portfolios) for
educational expenses. The enrollment date is the approximate date when investors plan to start withdrawing assets for
education purposes. The investment objectives of each fund are adjusted over time to become more conservative as the
enrollment date approaches. The principal value of the fund(s) is not guaranteed at any time, including at the enrollment
date.
These enrollment-based portfolios seek to tailor the risk profile of the investments to the beneficiary's
investment time horizon. The portfolios begin by including more aggressive investments (higher potential risk with higher
potential return), then gradually include more conservative investments (lower potential risk with lower potential return)
as the beneficiary approaches college enrollment.
The portfolios are periodically rebalanced to help ensure the appropriate investment mix is maintained.
Should your investment objectives change, you can transfer to another State Farm College Savings Plan portfolio or another
plan within the Nebraska Educational Savings Plan Trust once each calendar year.
Contributors to the plan assume all investment risk, including the potential loss of principal and liability
for penalties such as those assessed on nonqualified withdrawals.
Participation in the plan does not guarantee that contributions and the investment earnings, if any, will be
adequate to cover future tuition and other higher education expenses or that a beneficiary will be admitted to or permitted
to continue to attend an eligible educational institution.
Investors in the plan do not hold shares of the underlying funds directly but rather shares in a
portfolio of the plan.
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.
It is important to note that there is market risk involved when investing in mutual funds, including possible
loss of principal.
State Farm VP Management Corp Risk/Important Disclosures. State Farm Mutual Funds Prospectus. The State Farm College Savings Plan Enrollment Handbook (PDF 390 KB) .
AP2009/10/9901
|
Access account info
