Class B Shares
Effective May 1, 2015, Class B shares are no longer available for purchase by new investors or by shareholders who own Class B shares in existing accounts. A shareowner who owns Class B shares in an existing account may continue to hold those shares within the account and may exchange those shares for Class B shares of another Fund. Exchanges into new fund positions will require the minimum fund investment of $1,000 to be met.
A contingent deferred sales charge is only paid if you sell your shares during a certain period of time. Class B shares are offered at net asset value without an initial sales charge, but subject to a contingent deferred sales charge when you sell your shares. The applicable schedule can be found below.
Contingent Deferred Sales Charge (in the year after initial purchase)1
|Year 1||Year 2||Year 3||Year 4||Year 5||Year 6||Year 7||Year 8||Year 9|
|5.00%||4.25%||3.50%||2.75%||2.00%||1.00%||0.00%||0.00%||Convert to Class A|
1All Class B shares of funds except the State Farm® Bond Fund, Tax-Advantaged Bond Fund, and State Farm Money Market Fund.
The calculation for a deferred sales charge will be made so you receive the lowest possible charge. Charges are not paid when you exchange your shares for shares of another fund. Charges are also not paid when you redeem shares you received as a reinvestment of dividends or capital gains distribution. Purchases of $25,000 or more may be issued Class A shares in these cases.
Distribution and Shareholder Servicing Fees
Class B shares of each fund are subject to a distribution fee (12b-1 Fee) of up to 0.95% (0.55% for the Money Market Fund) each year based on the fund's average daily net assets. The 12b-1 fee reimburses State Farm VP Management Corp. for services and expenses associated with the distribution of fund shares. Class B shares of each fund pay a shareholder servicing fee of up to 0.25% each year of the fund's average daily net assets. The prospectus has complete information on the funds' fees and expenses.
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Investing involves risk, including potential for loss.
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.
Not FDIC Insured
- No Bank Guarantee
- May Lose Value