Investment disclosures

Brokerage -

Securities available through State Farm VP Management Corp.

State Farm VP Management Corp. is a separate entity from those affiliated and/or unaffiliated entities which provide advisory services, banking and insurance products.

Neither State Farm nor its agents provide tax, or legal advice.

Securities, insurance and annuity products are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.

BlackRock mutual funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). BlackRock is not affiliated with SFVPMC or any other entity mentioned herein. BlackRock is a registered trademark of BlackRock, Inc.

SFVPMC is a separate entity from Capital Research and Management Company (CRMC) which is the investment adviser for American Funds. American Funds securities are distributed through American Funds Distributors, Inc. All Capital Group trademarks referenced are registered trademarks owned by The Capital Group Companies, Inc. or an affiliated company.

SFVPMC is a separate entity from Ascensus which provides recordkeeping and administrative services for retirement plans. Ascensus is not affiliated with SFVPMC.

Annuities are issued by Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and in New York, annuities are issued by Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York). Variable products are distributed by Jackson National Life Distributors LLC. May not be available in all states and state variations may apply. These products have limitations and restrictions. Please contact your registered State Farm agent for more information. Jackson® is the marketing name for Jackson National Life Insurance Company and Jackson National Life Insurance Company of New York. Jackson and State Farm VP Management Corp. are separate entities.

Pacific Life Insurance Company is licensed to issue insurance products in all states except New York. Product/material availability and features may vary by state. Variable insurance products and shares of Pacific Select Fund are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company, and are available through licensed third-party broker-dealers. Pacific Life Insurance Company and Pacific Select Distributors, LLC are affiliates, but are not affiliated with State Farm VP Management Corp.

In connection with establishing an advisory relationship with us, you will establish a brokerage account with our affiliate, State Farm VP Management Corp. (“SFVPMC”), a Registered Broker Dealer.

Advisory Services -

Before engaging SFIMC, please review the SFIMC CRS and the SFIMC Wrap Fee Program Brochure for information about SFIMC and its fee, methods of analysis, investment strategies, business practices, disciplinary information, financial industry activities and affiliations, and other practices. This information is contained on statefarm.com (Regulatory Notices)

In connection with establishing an advisory services relationship with us, you will establish a brokerage account with our affiliate, State Farm VP Management Corp. (“SFVPMC”).

Investing involves risk including the risk of loss of principal. Although steps can be taken to help reduce risk, it cannot be completely removed. These risks include currency, political, social and economic risks. Some mutual funds or ETFs invest in niche assets which are less liquid and contain a higher risk of loss of principal than other forms of equity investments. There is the potential for greater price swings associated with niche assets. Equity investments generally involve greater risk than fixed−income investments and are generally subject to greater market fluctuation. The stocks of small companies are generally more volatile than the stocks of larger, more established companies. Foreign investments generally involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. Bonds are subject to general interest rate risk and may decline in value due to an increase in interest rates. High−yield bond funds invest in fixed−income securities that at the time of purchase are non−investment grade, involve greater price volatility and present greater risks than higher−rated fixed−income securities.

Advisory Services provided by State Farm Investment Management Corp. (SFIMC), a registered investment adviser.

The way SFIMC makes investment decisions and the way it manages the model portfolios may change over time.

The State Farm Advisory Services model portfolios are part of a wrap fee program sponsored and managed by State Farm Investment Management Corp. (SFIMC) a registered investment advisor.

The Advisory Fee includes SFIMC investment advisory services, brokerage services, and custody services, but does not include certain brokerage account fees and expenses, nor does it include Fund Expenses.

An SFIMC Investment Adviser Representative (IAR) agent is acting as an Investment Adviser Representative only when providing advisory services on behalf of SFIMC. In addition to acting as an investment adviser representative, an IAR agent also may serve as a registered representative on behalf of SFVPMC.