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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 Custom Benchmarks for The State Farm College Savings Plan are based on a blend of the benchmarks applicable to each underlying investments category:
Oppenheimer Capital Appreciation Fund Benchmark: The Russell 1000® Growth Index
The Russell 1000® Growth Index is a market-capitalization weighted index of those firms in the Russell 1000® Index with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Index includes the largest 1000 firms in the Russell 3000® Index, which represents approximately 98% of the investable US equity market.
Oppenheimer Value Fund Benchmark: The Russell 1000® Value Index
The Russell 1000® Value Index is a market-capitalization weighted index of those firms in the Russell 1000 Index with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index includes the largest 1000 firms in the Russell 3000® Index, which represents approximately 98% of the investable US equity market.
Oppenheimer Main Street Small Cap Fund Benchmark: The 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.
OFIPI Baring International Strategy 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.
State Farm Bond Fund and Oppenheimer Strategic Income Fund Benchmark: The Barclays Capital US Aggregate Bond Index
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.
Federated US Government Securities Fund 1-3 yrs Benchmark: The Merrill Lynch U.S. Treasuries 1-3 Year Index:
The Merrill Lynch 1-3 Year US Treasury & Agency Index is a subset of The Bank of America Merrill Lynch US Treasury & Agency Index, an unmanaged fixed income index that includes U.S.Treasury fixed income securities (direct sovereign debt of the U.S. Government) in the maturity range equal to one year and less than three years.
Oppenheimer Institutional Money Market Fund Benchmark: iMoney Net First Tier Institutional Index:
The iMoneyNet First Tier Institutional Index (Also known as the MFR First Tier Institutional Index) is a subset of the Money Fund Reports (MFR) All-Taxable universe consisting of funds managed to a "first-tier" standard and which are offered to institutions only. Portfolio Holdings of first-tier funds include U.S. Treasury, U.S. Other, Repos, Time Deposits, Domestic Bank Obligations, Foreign Bank Obligations, First Tier CP, Floating Rate Notes, and AssetBacked Commercial Paper. The Money Fund Report AveragesTM are published by iMoneyNet, Inc. (formerly IBC Financial Data), and reflect yields net of fees and expenses.
Investors cannot directly invest either in individual benchmark indices or combinations thereof.
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) .
AP2010/01/9901
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