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State Farm

State Farm Insurance was founded in 1928 by George J. Mecherle. The company provided support for agents and brought service closer to the customer. State Farm Insurance Companies has grown from a small farm mutual auto insurer to one of the world's largest financial institutions. But despite State Farm's growth, Mecherle's original philosophy of insurance coverage at a fair price coupled with fair claim settlement has remained. There are various types of mutual funds in State Farm.

State Farm Balanced seeks income and long-term growth of principal and income. The fund allocates assets among common stocks, preferred stocks, and bonds in proportions that vary with market conditions. It ordinarily maintains a majority of assets in common stocks, but limits such investments to no more than 75 percent of assets. The fixed income portfolio consists primarily of investment grade, longer term debt securities and preferred stocks. The fund may also invest up to 25 percent of assets in foreign securities. Shares of the fund may be purchased only by agents and employees of the State Farm Insurance Companies and their families. The minimum initial investment is 100 dollars.The minimum subsequent investment is 50 dollars.

State Farm Equity & Bond A seeks long-term growth of principal while providing some current income. The fund invests all of its assets in shares of the State Farm Equity Fund and the State Farm Bond Fund. Generally, the fund attempts to maintain approximately 60 percent of its net assets in shares of the State Farm Equity Fund and approximately 40 percent of its net assets in shares of the State Farm Bond Fund. It never invests more than 75 percent of its net assets in either underlying fund.

State Farm Life Path Income Fund is managed for investors seeking income and moderate long-term growth of capital. The fund is designed to maintain the lowest risk levels of all the Life Path Funds. On average, Barclays' investment model expects that about 35 percent of this fund's assets will be invested in stocks, with the rest in bonds and money market instruments. The fund continues to allocate a portion of its assets to stocks and bonds in addition to money market.

State Farm Tax Advantaged Bond A Fund seeks high rate of income exempt from federal income taxes. The fund normally invests so that 80 percent or more of the fund's net investment income is exempt from regular federal income tax or 80 percent or more of its net assets are invested in securities that produce income exempt from regular federal income tax. It invests at least 80 percent of its total assets in municipal bonds within the highest four rating categories of Moody's or S&P with maturities of 1 to 30 years. The minimum initial investment is 250 dollars with minimum subsequent investment of 50 dollars.

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