Exchange policies

In accordance with federal securities laws, when you buy, exchange, or redeem shares through an authorized agent, you will pay or receive the Fund’s NAV¹ (Net Asset Value) per share next calculated after receipt and acceptance of the order by the authorized agent.

An exchange will be effective on the day your request is received, if it is received by State Farm VP Management Corp. or its Registered Representatives before the Funds calculate their NAVs on that day; a request received after the time the NAV is calculated will be effective at the next calculated NAV. All Funds calculate their NAVs as of the close of regular session trading on the NYSE (currently at 4:00 p.m., Eastern Time) each day the NYSE is open for business.

Each Fund reserves the right to revise or terminate the exchange privilege, limit the amount of any exchange, or reject an exchange, at any time, for any reason.

State Farm Mutual Trust may terminate or modify the exchange program at any time, but will seek to give shareholders at least 60 days notice prior to such a change.

It is important to note that there is market risk involved when investing in mutual funds, including possible loss of principal.

¹Net Asset Value (NAV) is calculated by adding all of the assets of a Fund, subtracting the Fund’s liabilities, then dividing by the number of outstanding shares.  A separate NAV is calculated for each class of each Fund.  NAV is calculated at the close of each business day and employees can purchase funds without paying the sales charge.

Read the Prospectus for more information on exchange policies.

State Farm VP Management Corp Risk/Important Disclosures. State Farm Mutual Funds Prospectus. The State Farm College Savings Plan Enrollment Handbook (PDF 525 KB) .

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AP2010/03/0380