Small/Mid Cap Equity Fund
The Small-Mid Cap Equity Fund from State Farm® may be of interest to investors seeking long-term growth and can tolerate price fluctuations, especially those whose retirement and other goals are years in the future. For more information, please contact your State Farm agent.
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Seeks long-term growth of capital.
Who Should Invest?
You may want to invest in this Fund if you can tolerate the price fluctuations and volatility that are inherent in investing in a broad based small-capitalization or mid-capitalization stock mutual fund, 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.
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 or financial condition.
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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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. They include all applicable fees and expenses, including: A maximum sales charge of 5.00% for Class A and Premier shares and maximum contingent deferred sales charges on Class B shares of 5% during year one, 4.25% in year two, 3.50% in year three, 2.75% in year four, 2.00% in year five, 1.00% in year six, and 0% in year seven. A maximum contingent deferred sales charges on Legacy Class B shares of 3.00% during year one, 2.75% in years two and three, 2.50% in year four, 2.00% in year five, 1.00% in year six, and 0.00% in year seven. NAV Total Return does not include any initial sales charge or contingent deferred sales charge for any shares and, if reflected, would reduce the performance quoted.
There is no sales charge or 12b-1 fee associated with Institutional Class shares. Class R-1, R-2, and R-3 shares may only be purchased for certain qualified retirement plans as set forth in the prospectus.
Class B shares and Legacy Class B shares are not available for purchase by any investor after 5/1/2015.
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: 9/30/2016
The fund data below is as of quarter end unless otherwise noted.
Top 10 Holdings
|Company Name||Amount Held|
|Vulcan Materials Company||1.46%|
|Mohawk Industries Inc.||1.21%|
|Newfield Exploration Co.||1.20%|
|Concho Resources Inc||1.17%|
|CBRE Group Inc||1.08%|
|Extra Space Storage Inc||0.93%|
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||1.39%|
|Net Expense Ratio||1.39%|
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.
Bridgeway Capital Management, Inc. - Equity Portfolio (Value 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 $6.8 billion in assets (as of 9/30/2016)
Rainier Investment Management, LLC - Equity Portfolio (Growth Investment Style)
Founded in 1987, Rainier Investment Management, Inc. employs a consistent "growth at a reasonable price" philosophy that includes the following characteristics:
- Selection: fundamental analysis is the foundation of finding companies with strong earnings growth.
- Diversification: growth opportunities exist in all sectors of the market.
- Reasonable Price: stocks are purchased at below historical average valuations.
- Rainier investment team members average 23 years of experience.
- Valuing consistency, Rainier has maintained the same investment team and philosophy.
- The firm is independently owned. The owners are active employees. Rainier manages $2.2 billion in assets (as of 9/30/2016).
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 stocks of larger, more established companies.
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 its assets in a combination of equity (including real estate investment trusts) and bond exchange traded funds and a money market fund (the "Underlying Funds") in proportion to the Fund's own comprehensive investment strategy. BlackRock Fund Advisors ("BFA") serves as the sub-advisor to the LifePath Funds and selects investments for the Fund. 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.
BFA is a wholly owned subsidiary of BlackRock Institutional Trust Company, N.A. ("BTC"). Neither BTC nor its affiliates are affiliated with SFIMC or SFVPMC.
BlackRock Fund Advisors ("BFA") is the investment sub-advisor to the S&P 500® Index Fund, the Small Cap Index Fund, and the International Index Fund.
Ascensus provides recordkeeping and administrative services for 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 New York Stock Exchange is considered the largest equities-based exchange in the world based on total market capitalization of its listed securities.
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 hypothetical representation of the performance of each of the underlying asset classes according to their weightings as of the most recent month end. For a list of the indexes used to calculate the blended benchmark, please refer to the Prospectus.
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].
800-447-4930 Mutual Funds
888-702-2307 Variable Products
Not FDIC Insured
- No Bank Guarantee
- May Lose Value