Equity and Bond Fund
The State Farm® Equity and Bond Fund seeks long term growth of principal while providing some current income.
For additional information about Equity and Bond Funds, please contact your State Farm agent.
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Seeks Long-term growth of principal while providing some current income.
Who Should Invest?
You may want to invest in the Equity and Bond Fund if you are seeking long-term growth potential, some current income, and/or the convenience of a balanced portfolio of stocks and bonds in a single investment.
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.
Foreign securities are subject to special risks. Foreign issuers are usually not subject to the same accounting and disclosure requirements that U.S. companies are subject to, which may make it difficult for the Fund to evaluate a foreign company's operations of financial condition.
The risk that when interest rates increase, securities held by an Underlying Investment will decline in value. Long-term fixed income securities will normally have more price volatility than short-term securities because of the risk.
The risk that the income from a fund's investments will decline because of falling market interest rates.
The risk that an issuer of a debt security might not make interest and principal payments on the security as they become due. If the issuer fails to pay interest, the income of an Underlying Investment investing in such debt security might be reduced, and if the issuer fails to repay the principal, the value of that security and of the Underlying Investment's shares might be reduced.
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.
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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 Securities 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 and B shares are only available to shareholders with account registrations established prior to 5/01/06.
The 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 (5%) or the net asset value of B shares at the end of the period and annualizing the result.
The 30-day SEC yield for B shares does not include their maximum contingent deferred sales charge of 5%. If it was included, the 30-day SEC yield quote would be lower for B shares.
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.
Fund Composition as of 12/31/2013
The fund data below is as of quarter end unless otherwise noted.
Top 10 Holdings (Equity Fund)
|Company Name||Amount Held|
JPMorgan Chase & Co.
|Johnson & Johnson||1.85%|
|Comcast Corp. Cl A||1.63%|
|Capital One Financial Corp.||1.62%|
|Union Pacific Corp.||1.51%|
|Wells Fargo & Company||1.46%|
|Colgate Palmolive Co.||1.36%|
Bank of America Corp.
Fund Fees, Expenses, and Charges
Below you will find the fees associated with this fund, as well as Total Annual Expenses and Initial Sales Charges.
|Maximum Account Fee (For certain accounts with balances below $5,000, a quarterly account fee of $10 may be charged.)||$0|
|Minimum Initial Investment (if not using an Automatic Investment Plan)||$250|
|Minimum Initial Investment (if not using an Automatic Investment Plan)||$50|
|Minimum Additional Investment||$50|
|Maximum Initial Sales Charges||5.00%|
|Maximum Deferred Sales Charge||None|
|Capital Gains Distribution||May be Annually|
|Gross Expense Ratio||1.07%|
|Net Expense Ratio||0.97%|
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.
State Farm Investment Management Corp. (SFIMC) — Bond Portfolio
Since 1968, State Farm Investment Management Corporation (SFIMC) has managed mutual funds made available only to State Farm employees and Agents. These same services became available to the public in 2001.
Our fund managers' investment philosophy is based on time-tested conservative investment principles that do not change in response to changing market condition or short-term fluctuations.
- SFMIC manages over $17.4 billion assets (as of 12/31/2013).
- Investing has been a fundamental component of the State Farm organization. Since 1922, the State Farm Insurance Companies' investment department has managed investments that today total approximately:
- $141 billion in fixed income assets, $54 billion of which are in municipal bonds (as of 12/31/2013)
- $68 billion in equity assets (as of 12/31/2013)
Other Funds Managed
Bridgeway Capital Management, Inc. — Equity Portfolio (Growth Investment Style)
The fundamental premise that drives Bridgeway Capital Management Inc.'s investment philosophy is that long-term, market-beating performance can best be achieved through a strict adherence to quantitative methods in the selection of stocks and management of portfolios.
- Bridgeway Capital Management Inc. was founded in 1993.
- The firm ascribes to four business values: integrity, investment performance, cost efficiency, and service.
- Bridgeway manages almost $3.3 billion in assets (as of 12/31/2013).
Other Funds Managed
Westwood Management Corp. — Equity Portfolio (Value Investment Style)
For over 25 years, Westwood Management Corp. has followed a consistent investment philosophy to generate consistent and competitive long-term results for investors.
At the heart of Westwood's success has been its team-based, value-oriented investment strategy that includes the following distinguishing characteristics:
- Performance driven by bottom-up fundamental research.
- Buying high quality companies.
- Emphasizing risk control and protection of capital.
- Focused portfolio of "best ideas."
- Westwood Management Corp. is based in Dallas, TX, and was founded in 1983.
- Comprised of an 18-member investment team, Westwood provides investment advisory services to corporate pension funds, public retirement plans, endowments and foundations, mutual funds, and clients of Westwood Trust.
- Westwood manages over $18.9 billion in assets (as of 12/31/2013).
Other Funds Managed
Investing involves risk, including potential for loss.
Diversification and Asset allocation do not assure a profit or protect against a loss.
Bonds are subject to interest rate risk and may decline in value due to an increase in interest rates.
An investment in the 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.
Quotes delayed at least 15 minutes. Market data provided by Interactive Data. Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions. State Farm is not responsible for the accuracy of this data. This information is provided for educational purposes only and is not a recommendation to buy or sell. State Farm does not offer individual stocks.
Mutual Funds Disclosure
Before investing, consider the funds' investment objectives, risks, charges and expenses. Contact State Farm VP Management Corp (800-447-4930) for a prospectus or summary prospectus containing this and other information. Read it carefully.
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-27.5KB].
800-447-4930 Mutual Funds
888-702-2307 Variable Products
Not FDIC Insured
- No Bank Guarantee
- May Lose Value