Small Cap Index Fund
Small Cap Index Funds seek to match as closely as practicable, before fees and expenses, the performance of the Russell 2000® Small Stock Index* (the "Russell 2000 Index"). For additional information about Small Cap investing, please contact your State Farm® agent.
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Small Cap Index Funds seek to match as closely as practicable, before fees and expenses, the performance of the Russell 2000 Small Stock Index* (the "Russell 2000 Index").
Who Should Invest?
You may want to invest in the Small Cap Index Fund if you can tolerate the price fluctuations and volatility that are inherent in investing in a broad based small cap stock mutual fund, want to invest in stocks — but with an indexing approach, want to diversify your investments, are seeking a growth investment as part of an asset allocation program, and/or are investing for retirement or other goals that are many years in the future.
Types of risk:
Stock prices may fluctuate widely over short or even extended periods in response to company, market, or economic news. Stock markets also tend to move in cycles, with periods of rising stock prices and periods of falling stock prices.
The securities of smaller companies are often more difficult to value or dispose of, more difficult to obtain information about, and more volatile than stocks of larger, more established companies. In addition, the markets for the fund's investments may not be actively traded, which increases the risk that the fund manager may have difficulty selling securities the fund holds.
The risk that the fund manager's assessment of companies whose securities are held in the fund may prove incorrect, resulting in losses or poor performance, even in a rising market.
For funds that attempt to match the performance of a benchmark index, there is indexing risk. This is the risk that an index fund will be unable to track the performance of the benchmark index. Even when stock prices are falling, an index fund will stay fully invested and may decline more than the fund's benchmark index. An index is not a mutual fund and you cannot invest in an index. The composition and weighting of securities in an index can, and often does, change.
Because securities market indices are developed by persons unrelated to the Fund, the Manager, or to the Fund's sub-adviser, the Fund may hold stocks in companies that present risks that the Manager or the Fund's sub-adviser researching individual stocks might avoid.
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* Benchmark since inception return corresponds to funds with an inception date of 05/01/06. Benchmark measurement period may not align with share classes with other inception dates.
Investment return and principal value will fluctuate and your investment, when redeemed, may be worth more or less than its original cost. Past performance is no guarantee of future results. Recent performance may be less than the figures shown. Obtain total returns current to the most recent month-end by calling our Mutual Funds Response Center at 800-447-4930.
Total returns 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 for Legacy B shares of 3%. 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%. Class R shares do not include a sales charge. There is no sales charge or 12b-1 fee associated with Institutional Class Shares. NAV Total Return does not reflect the deduction of the sales charge.
Note: Legacy A shares are only available to shareholders with account registrations established prior to 5/01/06. Legacy Class B and Class B shares are no longer available for new purchases beginning 5/01/15.
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.
Fund Composition as of 3/31/2015
The fund data below is as of quarter end unless otherwise noted.
Top 10 Holdings
|Company Name||Amount Held|
ISIS Pharmaceuticals Inc.
Puma Biotechnology Inc
Office Depot Inc.
Ultimate Software Group Inc.
Jetblue Airways Corp.
Graphic Packaging Holding Co
Fund Fees, Expenses, and Charges
Below you will find the fees associated with this fund, as well as the Maximum Sales Charge and Total Annual Expenses.
Maximum Account Fee
(For certain accounts with balances below $5,000, a quarterly account fee of $10 may be charged.)
Minimum Initial Investment
(does not apply to Tax Qualified Transfer or Rollover money)
Minimum Additional Investment
(per Fund, per Transaction)
|Maximum Sales Charge||5.00%|
|Capital Gains Distribution||May be Annually|
|Dividend Distribution||May be Annually|
|Gross Expense Ratio||0.99%|
|Net Expense Ratio||0.98%|
Our main objective is to make each of our 15 State Farm Mutual Funds® a highly competitive and rewarding long-term investment for our shareholders.
State Farm Mutual Funds shareholders can feel confident that their investments are being managed in a responsible, conservative, and cost-effective manner consistent with a long-term perspective.
Our Investment Advisors
We use an investment management structure that capitalizes on the unique strengths, focused attention, and knowledge of seasoned investment professionals in our internal investment department. Because we offer a wide variety of funds, some outside the core knowledge of our internal investment department, we also have seven other highly respected asset management organizations working for you.
Northern Trust Investments, Inc.
Founded in 1889, Northern Trust has earned distinction as an industry leader in combining high-touch service and expertise with innovative products and technology.
Northern Trust is among the largest index managers in the financial industry and their proprietary index management process has consistently provided returns that are competetive with their underlying benchmark indexes.
- $960.1 billion in assets under management (as of 3/31/2015).
- Northern Trust is well positioned in 18 U.S. states and 12 international countries to achieve continued growth and service capabilities.
Other Funds Managed
Investing involves risk, including potential for loss.
Diversification and Asset allocation do not assure a profit or protect against a loss.
The stocks of small companies are more volatile than the socks of larger, more established companies.
Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations.
Mutual Funds Disclosure
Automatic investment plans do not assure a profit or protect against loss.
Neither State Farm nor its agents provide investment, tax, or legal advice.
It is not possible to invest directly in an index.
State Farm VP Management Corp. is a separate entity from those State Farm entities which provide banking and insurance products.
As of June 2, 2010, additional fees may apply to certain accounts with balances less than $5000.
Each State Farm LifePath Fund invests all of its assets in a corresponding LifePath Master Portfolio under a master/feeder structure. BlackRock Fund Advisors ("BFA") is the investment advisor to the LifePath Master Portfolio. State Farm Investment Management Corp. (SFIMC) is the investment advisor to the State Farm LifePath Funds. State Farm VP Management Corp. (SFVPMC) is the distributor of the State Farm LifePath Funds. Neither SFIMC nor SFVPMC are affiliated with BFA or its affiliates.
BlackRock Investors Services (BIS) provides marketing support to the LifePath Master Portfolios. BFA and BIS are wholly owned subsidiaries of BlackRock Institutional Trust Company, N.A. ("BTC"). Neither BTC nor its affiliates are affiliated with SFIMC or SFVPMC. BTC is located at 400 Howard Street, San Francisco, CA 94105.
BlackRock Fund Advisors ("BFA") is the investment sub-advisor to the S&P® 500 Index Fund.
Ascensus provides recordkeeping and administrative services for retail 401(k) retirement plans offered by State Farm Investment Management Corp.
Net 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.
The Russell 2000® Index tracks the common stock performance of the 2,000 smallest U.S. companies in the Russell 3000 Index.
The Russell 2500 Index measures the performance of the 2,500 smallest securities in the Russell 3000 Index.
The Russell 1000 Index is a market-capitalization weighted index that tracks the largest 1,000 companies in the Russell 3000 Index.
The Russell Midcap Index measures the performance of the mid-cap segment of the U.S. equity market and is a subset of the Russell 1000 Index.
The Dow Jones Industrial Average is an unmanaged average of 30 actively traded stocks.
The NASDAQ Composite is an unmanaged market capitalization weighted index that is designed to represent the performance of the National Market System.
The S&P 500® Index tracks the common stock performance of 500 large U.S. companies.
The Barclays 1-5 Year U.S. Treasury Index measures the performance of short-term U.S. Treasury Securities maturing within one to five years.
The Barclays U.S. Aggregate Bond Index represents debt securities in the U.S. investment grade fixed rate taxable bond market.
The Barclays Municipal Bond Index is an unmanaged index representative of the tax-exempt bond market.
The Barclays High-Yield Bond Index covers the U.S. dollar-denominated, non-investment grade, fixed-rate, taxable corporate bond market.
The Barclays U.S. TIPS Index is an unmanaged index composed of inflation protected securities issued by the U.S. Treasury.
The Citigroup 3-Month Treasury Bill Index is an unmanaged index of three-month Treasury bills.
The FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index is designed to measure the stock performance of companies engaged in specific real estate activities of the real estate markets outside of the United States.
The FTSE EPRA/NAREIT Developed Real Estate Index is designed to measure the stock performance of companies engaged in specific real estate activities of the North American, European, and Asian real estate markets.
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.
The MSCI All Country World Index (ACWI) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets.
The MSCI All Country World Index (ex-U.S.) (MSCI ACWI ex-U.S. Index) is a free float-adjusted market capitalization index that is designed to measure equity market performance in global developed and emerging markets, excluding the United States.
The MSCI Emerging Markets Index is a float-adjusted market capitalization index designed to measure equity market performance in global emerging markets.
The Credit Suisse High Yield Index is designed to mirror the investible universe of the U.S. dollar-denominated high yield debt market.
The New York Stock Exchange is considered the largest equities-based exchange in the world based on total market capitalization of its listed securities.
The Nikkei 225 Index is a price-weighted index comprised of Japan's top 225 blue–chip companies on the Tokyo Stock Exchange.
The Blended Benchmark for the Equity and Bond Fund is a combination of 60% of the S&P 500 Index and 40% of the Barclays U.S. Aggregate Bond Index, rebalanced monthly.
The Blended Benchmark for the LifePath Funds is a combination of the holdings in the Barclays U.S. Aggregate Bond Index, Russell 1000 Index, Russell 2000 Index, MSCI ACWI ex-U.S. IMI Index, Dow Jones-UBS Commodity Index, FTSE EPRA/NAREIT Developed Real Estate Index and Barclays U.S. TIPS Index. The weightings of the indices are adjusted quarterly to reflect the funds' changing asset allocations over time.
iShares, LifePath and LifePath followed by 2020, 2030, 2040 and 2050 are all registered trademarks of BlackRock Institutional Trust Company, N.A.
"S&P 500®" is a trademark of The McGraw-Hill Companies, Inc. and has been licensed for use by the State Farm Mutual Fund Trust. The State Farm S&P 500 Index Fund (the "Fund") is not sponsored, endorsed, sold or promoted by Standard & Poor's, and Standard & Poor's makes no representation regarding the advisability of investing in the Fund.
Russell Investment Group ("Russell") is the source and owner of the trademarks, service marks and copyrights related to the Russell 2000® Index. Russell® is a trademark of Russell. The State Farm Small Cap Index Fund (the "Fund") is not sponsored, endorsed, sold or promoted by, nor in any way affiliated with Russell. Russell is not responsible for and has not reviewed the Fund nor any associated literature or publications and Russell makes no representation or warranty, express or implied, as to their accuracy, or completeness, or otherwise.
The EAFE® Free Index is a trademark, service mark and the exclusive property of Morgan Stanley Capital International, Inc. ("MSCI") and its affiliates and has been licensed for use by the State Farm Mutual Fund Trust (the "Trust"). The State Farm International Index Fund (the "Fund"), based on the EAFE® Free Index, has not been passed on by MSCI as to its legality or suitability, and is not issued, sponsored, endorsed, sold or promoted by MSCI. MSCI makes no warranties and bears no liability with respect to the Fund. MSCI has no responsibility for and does not participate in the management of the Fund assets or sale of the Fund shares. The Trust's Statement of Additional Information contains a more detailed description of the limited relationship MSCI has with the Trust and the Fund.
Each of the investment products and services referred to on the State Farm Mutual Funds web site is intended to be made available to customers or prospective customers residing in the United States. The customer's U.S. permanent residence address must be a street address. This web site shall not be considered a solicitation or offering for any investment product or service to any person in any jurisdiction where such solicitation or offer would be unlawful.
Business Continuity Plan
State Farm VP Management Corp. has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, download this information on our business continuity plan [PDF-19.5KB].
Not FDIC Insured
- No Bank Guarantee
- May Lose Value