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- What is a Rollover
- What is a Transfer
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Have Mutual Fund Questions? We've got answers.
Find answers to your most common State Farm® mutual fund questions.
Why buy a mutual fund?
Mutual funds offer you a diversified investment vehicle without requiring a great deal of money. Your investment and those of other investors with similar objectives are pooled to purchase securities.
A professional manager closely monitors the securities held within a fund portfolio to determine if they're meeting the objective of that fund. They buy and sell securities in an effort to get the best return for investors while maintaining that objective. There's usually a fee charged by fund companies for the manager's services. Those fees are normally a fraction of what it would cost you to make stock or bond purchases independently. See the prospectus for complete information regarding fees.
How do I select a mutual fund that is right for me?
- Determine your investment goal.
- Establish the amount of risk you're willing to take to achieve this goal. A registered State Farm agent can provide you with a risk-tolerance tool.
- Identify funds with investment objectives in line with your risk-tolerance level. You can do this by:
- Working with your registered State Farm agent
- Using our Fund Selection Tool
How do I determine the number of funds I should own?
The number of funds to own is a personal financial decision that requires careful analysis of your needs and long-term investment goals. Your registered State Farm agent is a valuable resource to help you explore this objective.
Is there risk in owning too many funds?
Yes. Although diversification may help your portfolio, it doesn't assure a profit or protect against loss in a declining market. Over-diversification can dilute your investment results and hinder progress towards achieving your goals.
You need to find a balance between returns and risk with a select number of funds appropriate for your personal financial needs. Your registered State Farm agent can provide guidance and support in helping you explore this objective.
How do I get started with a new account?
- Complete an application with your State Farm agent
- Contact a Mutual Funds representative to request a new account packet
- Download a new account packet
The minimum initial investment for State Farm Mutual Funds® is $1,000 with a $50 minimum for subsequent investments. If you wish to begin an automatic investment plan (AIP), the minimum amount required for subsequent investments is $50.
The minimum initial investment for the State Farm College Savings Plan is $250 with a $50 minimum for subsequent investments. If you wish to begin an automatic investment plan (AIP), the minimum amount required for both initial and subsequent investments is $50.
What can I do to ease my concerns over recent price fluctuations of the stock markets?
During a volatile market period, it's important to remain focused on your long-term investment goals. There's always market risk involved when investing, including possible loss of principal. Your registered State Farm agent can help you understand the benefits of diversifying your portfolio and making regular investments over a long period of time. Although no investment program cannot ensure a profit, a long-term plan can ease uncertainty created by market changes.
Can I open a State Farm Mutual Funds account without the assistance of an agent?
Yes. However, every account opened with State Farm Mutual Funds must have a registered State Farm agent associated with it. If you open your account without the assistance of a registered State Farm agent, an agent in your local area will be assigned to your account.
Can I invest periodically throughout the year?
Yes. An easy way to do this is through an automatic investment plan. You can take advantage of an investment strategy known as dollar-cost averaging.
What else should I keep in mind after purchasing my funds?
An annual meeting with your registered State Farm agent is an opportunity to keep your investments in line with your goals.
Who can buy Class A and Premier shares?
New shareholders may purchase either Class A or Premier shares, depending on your investment amount. You will purchase Class A shares if your investment amount is less than $100,000. You will purchase Premier shares if your investment amount is $100,000 or more. For a complete list of eligibility requirements, please refer to the prospectus.
What if I own Class B or Legacy Class B shares?
Effective May 1, 2015, Class B and Legacy Class B shares will no longer be available for purchase. Existing assets already invested in B shares will be allowed to remain invested. B shares will systematically convert to lower expense A shares over time, following the established B share to A share conversion timetable as set forth in the prospectus.
All systematic contributions in B shares, including automatic investment plans (AIP), payroll deduction, and systematic exchanges, stopped effective May 1, 2015. If the shareholder elects to continue investing, all subsequent investments to existing accounts must be made into an A share fund.
Existing B share assets may be exchanged between other B share funds. Exchanges into new fund positions will require the minimum fund investment of $1,000.
Are there any costs or penalties for withdrawing funds?
There are no charges for redeeming Class A shares. If you redeem Class B shares, you may be assessed a contingent deferred sales charge based on the length of time you've held the shares. Shares held for seven years or longer will not be subject to the contingent deferred sales charge. All shares may be taxed on any realized gains associated with those shares, regardless of length of ownership.
Funds held in traditional or Roth IRAs may be subject to a ten percent tax penalty if a withdrawal is made prior to participant reaching age 59 1/2. Traditional IRA withdrawals may be made prior to age 59 1/2 without incurring the ten percent tax penalty if certain criteria are met. Roth IRA qualified distributions are not subject to the ten percent tax penalty.
There is no tax penalty on withdrawals from a Coverdell Education Savings Account if the money is used for qualified education expenses (including grades K-12). In order to be federal income tax free, withdrawals from a 529 College Savings Plan must be used for qualified higher education expenses. Taxes or other benefits may need to meet certain requirements.
A tax advisor should be consulted for more in-depth information concerning the taxation and tax penalties associated with redeeming mutual fund shares.
How can I avoid low balance fees?
If the balance in any of your accounts falls below $5,000 at the close of business on the 2nd business day of March, June, September, or December, each account below the threshold is assessed a quarterly $10.00 account fee (or possibly closed out). This policy does not apply to SEP, SIMPLE, Archer MSA, 403(b)(7), or employer-sponsored retirement plan accounts. No account fee will be assessed on an account that has been open for less than 12 months as of the 2nd business day in March, June, September, or December when the quarterly account fee is assessed.
If the balance in any account falls below $250.00 at the close of business on the 2nd business day in November, the fund may redeem the shares in that account, close the account, and send the proceeds to your address of record. This does not apply to Traditional IRA, Roth IRA, Coverdell Education Savings Account, Archer MSA, SEP IRA, SIMPLE IRA, 403(b)(7), accounts open less than 12 months, or employer-sponsored retirement plan accounts.
Your registered State Farm agent can help you determine account fees and steps to avoid them.
What is the annual deadline for contributing to my traditional or Roth IRA?
You can make annual contributions to a traditional or Roth IRA from January 1 through the tax-filing deadline (excluding extensions) for the contribution year. For example, 2015 contributions can be made from January 1, 2015 through April 15, 2016.
I haven't saved much for retirement. What can I do to improve my chances of retiring comfortably?
If you can be disciplined about investing for retirement, you'll have the opportunity to accumulate money over time and be better prepared for your retirement years. If you develop a mindset of paying yourself in addition to paying your bills, you should have a steady flow of money working for you.
How do I change my IRA beneficiary?
You can change your beneficiary by completing a Designation of Beneficiary [PDF-112.7KB] form.
Without a beneficiary, your State Farm IRA assets will generally pass to your estate upon your death. The assets could be subject to potential delays and expenses associated with settling an estate and distribution options allowed by federal income tax law may be limited.
Choose your beneficiary carefully. Contact your State Farm agent if you need assistance in selecting a beneficiary or have any questions regarding your investment options.
What is the difference between a transfer and rollover?
A transfer is a movement of funds between like-type plans (e.g., IRA to IRA, SEP to SEP, Roth IRA to Roth IRA).
A rollover is generally a movement of funds from one type of plan (e.g., 401k) to another type of plan (e.g., IRA).
What is distribution paperwork?
Distribution paperwork is a form that must be submitted to initiate a rollover to State Farm. The paperwork may be referred to as a distribution election form, direct rollover form, or distribution authorization form. The paperwork may be part of a termination packet received by a participant who is eligible to receive a distribution from a plan.
Why do I need to call the custodian in the case of a direct rollover?
Most custodians require the participant to call to request distribution paperwork. Custodians may process rollover requests through Internet forms or phone calls.
Should I send the paperwork to State Farm or the custodian directly?
It's best to send originals to the custodian and a copy to State Farm. If originals are sent to State Farm, we will forward them to the custodian.
Can I put both transfers and rollovers on the same form?
No. As a rule, direct rollovers require distribution paperwork from the surrendering custodian or plan administrator. The IRA/TSA Transfer Request [PDF-1.2MB] form is used only for transfers between plans of the same type (e.g., Roth IRA to Roth IRA).
What is a 529 Plan?
529 College Savings Plans are higher education savings plan trusts. Through these plans, individuals make investments to save for qualifying higher education costs of beneficiaries. The plans include interests in pooled investment funds under trusts established by states or local governmental entities and higher education savings plan trusts established by states.
What's the difference between a 529 savings plan and 529 prepaid plan?
A 529 College Savings Plan is a program that allows participants to invest in a special account designated for qualified higher education expenses. College savings plans offer a rate of return that depends on the performance of the plan's investments. As such, the value of a college savings plan account may increase or decrease over time.
A prepaid tuition plan allows parents, grandparents, and others to lock in today's tuition rates. The program will pay out future college tuition at any of the state's eligible colleges or universities (or make a payment to private and out-of-state institutions).
How does a 529 savings plan work?
To start an account for a beneficiary, you need to complete an account application and make an initial contribution. Contributions to your account will be invested in shares of the portfolio(s) you choose after deducting any applicable sales charges. Shares can be redeemed from your account to pay for higher education costs of the beneficiary.
What happens to an account if the beneficiary dies, becomes disabled, or does not attend college?
If the beneficiary of an account dies or becomes disabled, you are entitled to receive the balance in your account. Investment earnings will be taxed at your ordinary income rate. No federal penalty tax will be assessed and the trust will not assess a contingent deferred sales charge. You may also transfer the balance tax-free to an account for another beneficiary who is a qualified family member.
If your beneficiary elects not to pursue post-secondary education, you may either transfer the account balance to an account for another beneficiary who is a qualified family member or withdraw the principal and investment earnings in a non-qualified withdrawal.
What happens to contributions over the maximum limit?
The servicing agent will not knowingly accept contributions over the applicable limit. However, if it's determined that contributions are over the limit, the excess and any earnings or losses attributed to the excess are refunded and treated as a non-qualified withdrawal that may be subject to a 10% federal penalty tax. No contingent deferred sales charge is assessed by the servicing agent.
How are my plan contributions invested?
Contributions will be invested in the selected portfolio(s) and designated allocations that you choose.
The plan consists of nine investment portfolios — four static portfolios and five enrollment-based portfolios. The portfolios each invest all of their assets in OppenheimerFunds®. The Oppenheimer investment portfolios invest their assets in other mutual funds managed by OFI Private Investments Inc. (OFIPI), a subsidiary of OppenheimerFunds, Inc.
Each portfolio seeks to meet its investment objective by building a portfolio of investments that meet a target investment allocation between equity and fixed-income investments. Each portfolio's performance depends on the investment performance of the underlying funds in which it invests. Therefore, the risks of investing in the portfolios are the same as the risks associated with an investment in the underlying investments.
Under federal tax law, once a portfolio selection has been made, an account owner may only change how previous contributions (and any earnings) have been allocated for all accounts for the same designated beneficiary once per calendar year or upon a change of the designated beneficiary.
What are considered institutions of higher education?
- Accredited, post-secondary educational institutions offering credit toward a bachelor's degree, an associate's degree, or a graduate level or professional degree.
- Post-secondary vocational institutions with recognized post-secondary credentials.
Institutions must also be eligible to participate in U.S. Department of Education student aid programs.
What types of costs may be paid with withdrawn funds?
- The room and board allowance included in the cost of attendance for a particular period and living arrangement for the student. These allowances are determined by the school for federal financial aid purposes.
- The actual amount charged for the student to reside in housing owned or operated by the school.
How do I make qualified withdrawals?
- Deposited directly to your bank account
- Released in a check payable to:
- The account owner
- The designated beneficiary
- An eligible institution of higher education for the benefit of the designated beneficiary
To request a qualified withdrawal from your account, the account owner must complete a Withdrawal Request [PDF-561.2KB] form and call The State Farm College Savings Plan at 800-321-7520 or submit it to a State Farm or OppenheimerFunds representative at:
When must withdrawals begin?
There is no set date or age by which you must begin making withdrawals from your 529 College Savings account.
May I make withdrawals for other purposes?
Yes. It is a non-qualified withdrawal unless it is one of the following situations:
- Death or disability (section 72(m)(7)) of the designated account beneficiary
- The designated beneficiary's receipt of a qualified scholarship
- A qualified rollover distribution
The earnings portion of a non-qualified withdrawal is treated as income to the distributee and is subject to federal tax, applicable state income tax, an additional 10% federal tax, and any contingent deferred sales charges assessed by the servicing agent.
How will investments in the plan affect my beneficiary's chances of receiving financial aid?
The eligibility of the beneficiary for financial aid may depend upon:
- The circumstances of the beneficiary's family at the time of enrollment in an institution of higher education
- Governmental agencies programs and policies
- School or private organizations where the beneficiary or the beneficiary's family applies for financial assistance
These policies vary at different institutions and can change over time. Therefore, no person or entity can say with certainty how the federal or state aid programs or the school will treat your account.
Note: Financial aid programs administered by agencies of the state of Nebraska don't take account balances into consideration, except as provided by federal law.
How do scholarships and other financial aid affect my account?
If the designated beneficiary receives a scholarship or other financial aid, they may no longer require all the funds in the account.
IRS Publication 970 indicates that you may withdraw funds from your account up to the amount of the scholarship or other financial aid. The earnings portion of the withdrawal is included in your ordinary income, but no federal penalty tax is assessed. The trust is not assessed a contingent deferred sales charge if the aid is a scholarship, allowance, or payment described in section 25A(g)(2) of IRS code.
You may also transfer the amount withdrawn in a qualified rollover distribution and no amount of the withdrawal will be included in your income.
What is a Coverdell Education Savings Account (ESA)?
The Coverdell ESA is a trust or custodial account that provides individuals a tax-advantaged method to save up to $2,000 per year for a child's education. The account can be established for any child under age 18 and be used for elementary, secondary, and post-secondary education. This includes kindergarten through grade 12 and college, graduate, and vocational school.
When can I make contributions?
Contributions to a Coverdell ESA can be made any time after the birth of a child and may continue until their 18th birthday. Contributions will not be accepted after the child reaches their 18th birthday, unless the child is a special-needs beneficiary as defined by Treasury Department regulations.
Is there a limit to how many Coverdell ESAs can be established?
There is no limit to the number of Coverdell ESAs that can be established designating a particular child as beneficiary. The total aggregate contributions to all accounts on behalf of a beneficiary cannot exceed $2,000 in any year.
What are the eligibility requirements for a Coverdell ESA?
You may contribute up to $2,000 annually to a child's Coverdell ESA if your modified adjusted gross income is less than the following in the tax year you contribute:
- $95,000 as a single tax filer or married filing separate, or
- $190,000 as a married couple filing jointly
The $2,000 maximum contribution limit is gradually reduced if your modified adjusted gross income exceeds these limits.
Anyone, including the account beneficiary, may contribute to the Coverdell ESA, as long as their income falls within the income guidelines and the total of all contributions for one beneficiary does not exceed the $2,000 annual limit.
What determines how much I can contribute to a Coverdell ESA each year?
The annual amount you can contribute to a Coverdell ESA is dependent on your modified adjusted gross income on your federal income tax return. The following table should help you determine your Coverdell ESA contribution eligibility.
Contributions
| Tax Year 2016 |
|
||
|---|---|---|---|
| Tax Filing Status | Full Contribution | Partial Contribution | Not Eligible |
|
Up to $95,000 | $95,000 - $110,000 | Above $110,000 |
| Married filing jointly | Up to $190,000 | $190,000 - $220,000 | Above $220,000 |
What is a LifePath Fund?
LifePath Funds are target-date portfolios. The target date is the approximate date an investor plans to start withdrawing assets (e.g., 2020, 2030, 2040, 2050). The portfolios are diversified between stocks, bonds, and cash. The investment objectives become more conservative as the target date approaches.
Note: The funds principal value and target date are not guaranteed at any time.
How do LifePath Funds change over time?
The LifePath Funds investment mix adjusts over time to reflect changes in risk tolerance.
For example, if a person invests in the LifePath 2040 Fund, with the intent of starting to withdraw in 2040, the fund will start with a similar composition to funds with earlier target dates and gradually rebalance over time. In 2040, the final asset allocation composition will be the same as the LifePath Retirement Fund.
Who manages LifePath funds?
State Farm Investment Management Corp. is the investment advisor to the State Farm LifePath Funds. 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 VP Management Corp. (SFVPMC) is the distributor of the State Farm LifePath Funds. Neither SFIMC or SFVPMC are affiliated with BFA or its affiliates.
Can I exchange LifePath Funds for other funds?
Yes, you can exchange LifePath Funds to other funds in your account as long as they are within the same share class. Your registered State Farm agent can provide guidance in creating a portfolio of funds that fits your objectives.
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Risk Disclosures
Investing involves risk, including potential for loss.
Target-date portfolios have investment objectives that 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.
Diversification, automatic investment plans, and dollar cost averaging do not assure a profit or protect against loss.
Bonds are subject to interest rate risk and may decline in value due to an increase in interest rates.
An investor should consider, before investing, whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.
Mutual Funds and State Farm College Savings Plan (529) Disclosures
Before investing, consider the investment objectives, risks, fees and expenses of the funds. Contact State Farm VP Management Corp (800-447-4930) for a mutual fund prospectus, summary prospectus, or The State Farm College Savings Plan Enrollment Handbook and Participating Agreement containing this and other information. Read it carefully.
General
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.
An investor should consider, before investing, whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.
Earnings must be used to pay for qualified higher education expenses to be federally tax free. The earnings portion of a non-qualified withdrawal will be subject to ordinary income tax at the recipient's marginal rate and subject to a 10% penalty. State Farm does not provide tax advice. Please consult your tax advisor for specific information about your tax situation, including any state tax consequences of an investment. The availability of such tax or other benefits may be conditioned on meeting certain requirements.
A $70,000 gift is viewed as an accelerated gift over five years. Any other gifts to the same beneficiary by the contributor in that tax year or in any of the succeeding four years may result in a federal gift-tax liability. If the contributor dies within the five-year period, a prorated portion of the contribution may be included in his or her taxable estate.
Contributions can be made until the value or total amount of contributions across all Nebraska program accounts for the beneficiary reaches $360,000. Accounts in excess of this limit can continue to grow through investment earnings realized by the plan, but no additional contributions can be accepted above that limit. This limit is set by the Nebraska State Treasurer and is subject to change.
The plan is intended to operate as a qualified tuition program, pursuant to section 529 of the U.S. Internal Revenue Code.
Participation in the plan does not guarantee that contributions and the investment earnings, if any, will be adequate to cover future tuition and other higher education expenses, or that a beneficiary will be admitted to or permitted to continue to attend an eligible educational institution.
This material is not an offer to sell or a solicitation of an offer to buy any securities. Any offer to sell shares within the plan may only be made by the Enrollment Handbook and Participation Agreement relating to the plan.
Neither the State of Nebraska, the Trust, the Nebraska State Treasurer, the Nebraska Investment Council, First National Bank of Omaha, Oppenheimer nor State Farm, nor any of their respective affiliates, directors, officers or agents shall have any debt or obligation to any contributor, any beneficiary or any other person as a result of the establishment of the plan, nor will these entities assume any risk or liability for mutual funds in which the plan invests.
The State Farm College Savings Plan is subject to enrollment, maintenance, administrative and management fees and expenses.
Investors in the plan do not hold shares of the underlying funds directly, but rather shares in a portfolio of the plan.
The State Farm College Savings Plan (the "plan") is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer. The plan is established in cooperation with State Farm VP Management Corp. ("State Farm"), the State of Nebraska, and OFI Private Investments Inc. (OFIPI), a subsidiary of OppenheimerFunds, Inc, pursuant to which State Farm offers classes of shares in a series of accounts within the Nebraska Educational Savings Plan Trust (the "Trust" and plan issuer) that are distributed by OppenheimerFunds Distributor, Inc. (OFDI and together with OFIPI, "Oppenheimer"). The Trust offers other accounts that are not affiliated with the plan.
The Nebraska State Treasurer serves as trustee of the plan; OFIPI serves as the investment manager, with the oversight of the Nebraska Investment Council; and servicing agent: OFDI serves as the distributor: First National Bank of Omaha serves as the program manager.
The State Farm College Savings Plan is not insured or guaranteed by State Farm, Oppenheimer, First National Bank of Omaha, the Trust, the State of Nebraska, the Nebraska State Treasurer, the Nebraska Investment Council, any of their respective affiliates, directors, officers or agents or any other entity.
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 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.
Customized Portfolio Performance Benchmarks
The benchmarks for the Portfolios represent customized composites of market indices for the available Underlying Investments weighted by the relative target asset allocation for such Portfolio.
Oppenheimer Capital Appreciation Fund Benchmark: The Russell 1000® Growth Index
The Russell 1000® Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.
Oppenheimer Value Fund Benchmark: The Russell 1000® Value Index
The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values.
Oppenheimer Main Street Fund® Benchmark: S&P 500® Index
The S&P 500® Index tracks the common stock performance of 500 large U.S. companies.
Oppenheimer Main Street Mid-Cap Fund® Benchmark: The Russell Midcap® Index
The Russell Midcap Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Mid Cap Index is a subset of the Russell 1000® Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership.
Oppenheimer International Growth Fund Benchmark: The MSCI AC World ex-U.S. Index
The MSCI AC World ex-U.S. Index is designed to measure the equity market performance of developed and emerging markets and excludes the U.S.
Oppenheimer Developing Markets Fund Benchmark: The MSCI Emerging Markets Index
The MSCI Emerging Markets Index is designed to measure equity market performance of emerging markets.
State Farm Bond Fund and Oppenheimer Global Strategic Income Fund Benchmark: The Barclays U.S. Aggregate Bond Index
The Barclays U.S. Aggregate Bond Index is an index of U.S. dollar denominated, investment-grade U.S. corporate government and mortgage-backed securities.
Federated U.S. Government Securities Fund 1-3 Years Benchmark: The Bank of America Merrill Lynch 1-3 Year Treasury Index
The Merrill Lynch 1-3 Year U.S. Treasury & Agency Index is a subset of The Bank of America Merrill Lynch U.S. Treasury & Agency Index, an unmanaged fixed income index that includes U.S. Treasury fixed income securities (direct sovereign debt of the U.S. Government) in the maturity range equal to one year and less than three years.
Oppenheimer Institutional Money Market Fund Benchmark: iMoney Net First Tier Institutional Index
The iMoneyNet First Tier Institutional Index (Also known as the MFR First Tier Institutional Index) is a subset of the Money Fund Reports (MFR) All-Taxable universe consisting of funds managed to a "first-tier" standard and which are offered to institutions only. Portfolio Holdings of first-tier funds include U.S. Treasury, U.S. Other, Repos, Time Deposits, Domestic Bank Obligations, Foreign Bank Obligations, First Tier CP, Floating Rate Notes, and AssetBacked Commercial Paper. The Money Fund Report AveragesTM are published by iMoneyNet, Inc. (formerly IBC Financial Data), and reflect yields net of fees and expenses.
Investors cannot directly invest either in individual benchmark indices or combinations thereof.
Trademarks
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.
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 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].
AP2016/05/0661
Not FDIC Insured
- No Bank Guarantee
- May Lose Value
