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Summary and Statutory Prospectuses for American Funds and BlackRock

Before you spend your hard-earned money on a product or service, you would like to know what you will be getting. The same is true when you're investing in a mutual fund. You probably want to learn what you can about a particular fund before agreeing to write a check. That's where the prospectus comes in.

A prospectus, or statutory prospectus, is a formal document, filed with the Securities and Exchange Commission that has the information an investor needs to make a decision. A prospectus can be quite large, some are more than 100 pages! Each State Farm® fund has a summary prospectus that has important information specific to that fund.



This quick read is only a few pages long and gives you fund information, including:

  • The fund's investment objective
  • A fee table and example
  • Risks and returns
  • Information about the fund portfolio managers

American Funds

American Funds Ticker Summary Prospectus Statutory Prospectus
AF 2010 Retirement Fund® AAATX Summary Prospectus Statutory Prospectus
AF 2015 Retirement Fund® AABTX Summary Prospectus Statutory Prospectus
AF 2020 Retirement Fund® AACTX Summary Prospectus Statutory Prospectus
AF 2025 Retirement Fund® AADTX Summary Prospectus Statutory Prospectus
AF 2030 Retirement Fund® AAETX Summary Prospectus Statutory Prospectus
AF 2035 Retirement Fund® AAFTX Summary Prospectus Statutory Prospectus
AF 2040 Retirement Fund® AAGTX Summary Prospectus Statutory Prospectus
AF 2045 Retirement Fund® AAHTX Summary Prospectus Statutory Prospectus
AF 2050 Retirement Fund® AALTX Summary Prospectus Statutory Prospectus
AF 2055 Retirement Fund® AAMTX Summary Prospectus Statutory Prospectus
AF 2060 Retirement Fund® AANTX Summary Prospectus Statutory Prospectus
AF AMCAP Fund® AMCPX Summary Prospectus Statutory Prospectus
AF American High-Income Municipal Bond® AMHIX Summary Prospectus Statutory Prospectus
AF American Mutual Fund® AMRMX Summary Prospectus Statutory Prospectus
AF Balanced Fund® ABALX Summary Prospectus Statutory Prospectus
AF Capital Income Builder® CAIBX Summary Prospectus Statutory Prospectus
AF Capital World Bond Fund® CWBFX Summary Prospectus Statutory Prospectus
AF Capital World Growth & Income Fund® CWGIX Summary Prospectus Statutory Prospectus
AF Conservative Growth and Income PortfolioSM INPAX Summary Prospectus Statutory Prospectus
AF Corporate Bond Fund® BFCAX Summary Prospectus Statutory Prospectus
AF Developed World Growth & Inc. FundSM DWGAX Summary Prospectus Statutory Prospectus
AF Emerging Markets Bond Fund® EBNAX Summary Prospectus Statutory Prospectus
AF EuroPacific Growth Fund® AEPGX Summary Prospectus Statutory Prospectus
AF Fundamental Investors® ANCFX Summary Prospectus Statutory Prospectus
AF Global Balanced FundSM GBLAX Summary Prospectus Statutory Prospectus
AF Global Growth PortfolioSM PGGAX Summary Prospectus Statutory Prospectus
AF Growth & Income PortfolioSM GAIOX Summary Prospectus Statutory Prospectus
AF Growth PortfolioSM GWPAX Summary Prospectus Statutory Prospectus
AF High Income Trust® AHITX Summary Prospectus Statutory Prospectus
AF Income Fund of America® AMECX Summary Prospectus Statutory Prospectus
AF Inflation Linked Bond Fund® BFIAX Summary Prospectus Statutory Prospectus
AF Intermediate Bond Fund of America® AIBAX Summary Prospectus Statutory Prospectus
AF International Growth & Income Fund® IGAAX Summary Prospectus Statutory Prospectus
AF LT Tax-Exempt Bond Fund of America® LTEBX Summary Prospectus Statutory Prospectus
AF Moderate Growth and Income FundSM BLPAX Summary Prospectus Statutory Prospectus
AF Mortgage Fund® MFAAX Summary Prospectus Statutory Prospectus
AF The New Economy Fund® ANEFX Summary Prospectus Statutory Prospectus
AF New Perspective Fund® ANWPX Summary Prospectus Statutory Prospectus
AF New World Fund® NEWFX Summary Prospectus Statutory Prospectus
AF Preservation PortfolioSM PPVAX Summary Prospectus Statutory Prospectus
AF Ret. Inc. Portfolio-Conservative FundSM NAARX Summary Prospectus Statutory Prospectus
AF Ret. Income Portfolio-EnhancedSM NDARX Summary Prospectus Statutory Prospectus
AF Ret. Income Portfolio-ModerateSM NBARX Summary Prospectus Statutory Prospectus
AF Short-Term Bond Fund of America® ASBAX Summary Prospectus Statutory Prospectus
AF Short-Term Tax-Exempt Bond Fund® ASTEX Summary Prospectus Statutory Prospectus
AF SMALLCAP World Fund® SMCWX Summary Prospectus Statutory Prospectus
AF Strategic Bond FundSM ANBAX Summary Prospectus Statutory Prospectus
AF Tax-Advt. Growth & Income Portfolio FundSM TAIAX Summary Prospectus Statutory Prospectus
AF The Tax-Exempt Fund of California® TAFTX Summary Prospectus Statutory Prospectus
AF Tax-Exempt Preservation PortfolioSM TEPAX Summary Prospectus Statutory Prospectus
AF Tax-Expt. Bond Fund of America® AFTEX Summary Prospectus Statutory Prospectus
AF Tax-Exempt. Bond Fund of New York® NYAAX Summary Prospectus Statutory Prospectus
AF The Bond Fund of America® ABNDX Summary Prospectus Statutory Prospectus
AF The Growth Fund of America® AGTHX Summary Prospectus Statutory Prospectus
AF The Investment Company of America Fund® AIVSX Summary Prospectus Statutory Prospectus
AF U.S. Government Securities Fund® AMUSX Summary Prospectus Statutory Prospectus
AF U.S. Government Money Market FundSM AFAXX Summary Prospectus Statutory Prospectus
AF Washington Mutual Investors Fund® AWSHX Summary Prospectus Statutory Prospectus

BlackRock

BlackRock Ticker Summary Prospectus Statutory Prospectus
BLK 20/80 Target Allocation Fund BACPX Summary Prospectus Statutory Prospectus
BLK 40/60 Target Allocation Fund BAMPX Summary Prospectus Statutory Prospectus
BLK 60/40 Target Allocation Fund BAGPX Summary Prospectus Statutory Prospectus
BLK 80/20 Target Allocation Fund BAAPX Summary Prospectus Statutory Prospectus
BLK Advantage Emerging Markets Fund BLSAX Summary Prospectus Statutory Prospectus
BLK Advantage Global Fund MDGCX Summary Prospectus Statutory Prospectus
BLK Advantage International Fund BROAX Summary Prospectus Statutory Prospectus
BLK Advantage Large Cap Core Fund MDLRX Summary Prospectus Statutory Prospectus
BLK Advantage Large Cap Growth Fund BMCAX Summary Prospectus Statutory Prospectus
BLK Advantage Large Cap Value Fund MDLVX Summary Prospectus Statutory Prospectus
BLK Advantage Small Cap Growth Fund CSGEX Summary Prospectus Statutory Prospectus
BLK Advantage U.S. Total Market Fund MDSPX Summary Prospectus Statutory Prospectus
BLK Advt. Small Cap Core Fund BDSAX Summary Prospectus Statutory Prospectus
BLK All Cap Energy & Resources Fund SSGRX Summary Prospectus Statutory Prospectus
BLK Alternative Capital Strategies Fund BAMBX Summary Prospectus Statutory Prospectus
BLK Asian Dragon Fund MDPCX Summary Prospectus Statutory Prospectus
BLK Balanced Capital Fund MDCPX Summary Prospectus Statutory Prospectus
BLK Basic Value Fund MDBAX Summary Prospectus Statutory Prospectus
BLK Cal. Municipal Opportunities Fund MECMX Summary Prospectus Statutory Prospectus
BLK Capital Appreciation Fund MDFGX Summary Prospectus Statutory Prospectus
BLK Commodity Strategies Fund BCSAX Summary Prospectus Statutory Prospectus
BLK Core Bond Fund BCBAX Summary Prospectus Statutory Prospectus
BLK CoreAlpha Bond Fund BCRAX Summary Prospectus Statutory Prospectus
BLK Credit Strategies Income Fund BMSAX Summary Prospectus Statutory Prospectus
BLK Emerging Markets Fund MDDCX Summary Prospectus Statutory Prospectus
BLK Emerging Mkt. Flexible Dynamic Bond Fund BAEDX Summary Prospectus Statutory Prospectus
BLK Energy & Resources Fund SSGRX Summary Prospectus Statutory Prospectus
BLK Equity Dividend Fund MDDVX Summary Prospectus Statutory Prospectus
BLK EuroFund MDEFX Summary Prospectus Statutory Prospectus
BLK Event Driven Fund BALPX Summary Prospectus Statutory Prospectus
BLK Floating Rate Income Fund BFRAX Summary Prospectus Statutory Prospectus
BLK Focus Growth Fund MDFOX Summary Prospectus Statutory Prospectus
BLK Global Allocation Fund MDLOX Summary Prospectus Statutory Prospectus
BLK Global Dividend Fund BABDX Summary Prospectus Statutory Prospectus
BLK GNMA Fund BGPAX Summary Prospectus Statutory Prospectus
BLK Health Sciences Opportunities Fund SHSAX Summary Prospectus Statutory Prospectus
BLK High Equity Income Fund BMEAX Summary Prospectus Statutory Prospectus
BLK High Yield Bond Fund BHYAX Summary Prospectus Statutory Prospectus
BLK High Yield Municipal Fund MDYHX Summary Prospectus Statutory Prospectus
BLK Inflation Protected Bond Fund BPRAX Summary Prospectus Statutory Prospectus
BLK International Dividend Fund BREAX Summary Prospectus Statutory Prospectus
BLK International Fund MDILX Summary Prospectus Statutory Prospectus
BLK iShares MSCI EAFE Intl. Index Fund BTMPX Summary Prospectus Statutory Prospectus
BLK iShares Municipal Bond Index Fund BIDPX Summary Prospectus Statutory Prospectus
BLK iShares Russell 2000 Small-Cap Index Fund BDBPX Summary Prospectus Statutory Prospectus
BLK iShares S&P 500 Index Fund BSPPX Summary Prospectus Statutory Prospectus
BLK iShares U.S. Agg. Bond Index Fund BMOPX Summary Prospectus Statutory Prospectus
BLK Large Cap Focus Growth Fund MDLHX Summary Prospectus Statutory Prospectus
BLK Latin American Fund MDLTX Summary Prospectus Statutory Prospectus
BLK LifePath Index 2020 Fund LIQPX Summary Prospectus Statutory Prospectus
BLK LifePath Index 2025 Fund LILPX Summary Prospectus Statutory Prospectus
BLK LifePath Index 2030 Fund LIDPX Summary Prospectus Statutory Prospectus
BLK LifePath Index 2035 Fund LIJPX Summary Prospectus Statutory Prospectus
BLK LifePath Index 2040 Fund LIKPX Summary Prospectus Statutory Prospectus
BLK LifePath Index 2045 Fund LIHPX Summary Prospectus Statutory Prospectus
BLK LifePath Index 2050 Fund LIPPX Summary Prospectus Statutory Prospectus
BLK LifePath Index 2055 Fund LIVPX Summary Prospectus Statutory Prospectus
BLK LifePath Index 2060 Fund LIZPX Summary Prospectus Statutory Prospectus
BLK LifePath Index Retirement Fund LIRPX Summary Prospectus Statutory Prospectus
BLK Long-Horizon Equity Fund MDEGX Summary Prospectus Statutory Prospectus
BLK Low Duration Bond Fund BLDAX Summary Prospectus Statutory Prospectus
BLK Managed Income Fund BLADX Summary Prospectus Statutory Prospectus
BLK Mid Cap Dividend Fund MDRFX Summary Prospectus Statutory Prospectus
BLK Mid-Cap Growth Equity Fund BMGAX Summary Prospectus Statutory Prospectus
BLK Money Market Fund PINXX Summary Prospectus Statutory Prospectus
BLK Multi-Asset Income Fund BAICX Summary Prospectus Statutory Prospectus
BLK National Municipal Fund MDNLX Summary Prospectus Statutory Prospectus
BLK Natural Resources Trust Fund MDGRX Summary Prospectus Statutory Prospectus
BLK New York Municipal Opp. Fund MENKX Summary Prospectus Statutory Prospectus
BLK NJ. Municipal Bond Fund MENJX Summary Prospectus Statutory Prospectus
BLK Pennsylvania Municipal Bond Fund MEPYX Summary Prospectus Statutory Prospectus
BLK Real Estate Securities Fund BAREX Summary Prospectus Statutory Prospectus
BLK Science & Tech. Opportunities Fund BGSAX Summary Prospectus Statutory Prospectus
BLK Short-Term Municipal Bond Fund MELMX Summary Prospectus Statutory Prospectus
BLK Strategic Global Bond Fund MDWIX Summary Prospectus Statutory Prospectus
BLK Strategic Income Opportunities Fund BASIX Summary Prospectus Statutory Prospectus
BLK Strategic Municipal Opp. Fund MEMTX Summary Prospectus Statutory Prospectus
BLK Summit Cash Reserves Fund MSAXX Summary Prospectus Statutory Prospectus
BLK Tactical Opportunities Fund  PCBAX Summary Prospectus Statutory Prospectus
BLK Total Emerging Markets Fund BEEAX Summary Prospectus Statutory Prospectus
BLK Total Return (Bond) Fund MDHQX Summary Prospectus Statutory Prospectus
BLK US Government Fund CIGAX Summary Prospectus Statutory Prospectus
BLK US Mortgage Fund BMPAX Summary Prospectus Statutory Prospectus

Risk Disclosure

Investors should carefully consider investment objectives, risk, charge and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses which can be obtained by visiting statefarm.com. Read it carefully.

Investing involves risk, including potential for loss.

You could lose money by investing in the Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

Target Date Funds are portfolios whose investment objectives are adjusted over time to be more conservative as the target date (date the investor plans to start withdrawing their funds) approaches. The principal value of the fund(s) is not guaranteed at any time, including at the target date.

Additional Disclosures

Automatic investment plans do not assure a profit or protect against loss.

Neither State Farm® nor its agents provide 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.

BlackRock mutual funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). SFVPMC and its affiliates are not affiliated with BlackRock.

SFVPMC is a separate entity from Capital Research and Management Company (CRMC) which is the investment adviser for the American Funds.

Our firm has a contractual agreement with RBC Correspondent Services (RBC CS) to serve as our clearing firm. This fully disclosed agreement states the responsibilities of each party. Prior to the agreement becoming effective, RBC CS is responsible for making all disclosures to our firm’s designated examining authority as required by NYSE Rule 382. Each client of our firm is notified of the relationship via a disclosure letter. The disclosure letter details the responsibilities that our firm(the introducing broker-dealer) and RBC CS (the clearing firm) have to the client. Although client assets are held by RBC Capital Markets, LLC, Neither RBC Capital Markets, LLC, nor RBC CS has responsibility for the financial condition or performance of our firm or our Financial Advisors.

Indices

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 Bloomberg 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 Bloomberg Barclays U.S. Aggregate Bond Index represents debt securities in the U.S. investment grade fixed rate taxable bond market.

The Bloomberg Barclays Municipal Bond Index is an unmanaged index representative of the tax-exempt bond market.

The Bloomberg Barclays High-Yield Bond Index covers the U.S. dollar-denominated, non-investment grade, fixed-rate, taxable corporate bond market.

The Bloomberg 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 Bloomberg Barclays U.S. Aggregate Bond Index, rebalanced monthly.

Trademarks

"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.

Non-US Residents

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 that governs 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, we are providing you with this information on our business continuity plan.

Contacting Us – After a significant business disruption contact your registered State Farm agent or go to our website at statefarm.com®.

Our Business Continuity Plan – We plan to quickly recover and resume business operations as soon as possible after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption. Our business continuity plan addresses: data back-up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees, and regulators; alternate physical location of employees; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and procedures to help ensure that our customers have prompt access to their funds and securities if we are unable to continue our business. Our business continuity plan may be revised or amended. If changes are made, an updated summary will be promptly posted on our website (statefarm.com) or you may obtain an updated summary by contacting your registered State Farm agent and requesting that a written copy be mailed to you.

Varying Disruptions – Significant business disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or a building housing our firm, we may transfer our operations to a local site when needed and expect to recover and resume business within 1 business day. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and expect to recover and resume business within 3 business days. In either situation, we plan to continue in business, transfer operations if necessary, and notify you through our website statefarm.com or your registered State Farm agent. In the unlikely event that the significant business disruption is so severe that it prevents us from remaining in business, our plan provides procedures to help ensure that our customers have prompt access to their funds and securities.

In all of the situations described above, in light of the various types of disruptions that could take place and that every emergency poses unique problems, it may take longer to resume operations during any particular disruption. If you have questions about our business continuity planning, you can contact your registered State Farm agent or by visiting our website at statefarm.com.

Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value

AP2019/05/0394