Summary and Statutory Prospectuses for American Funds and BlackRock
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 2065 Retirement Fund® | AAOTX | Summary Prospectus | Statutory Prospectus |
| AF 2070 Target Date Retirement® | AAFJX | 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 Developing World Growth & Income 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 The 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 Limited Term 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 Retirement Income Portfolio-ConservativeSM | NAARX | Summary Prospectus | Statutory Prospectus |
| AF Retirement Income Portfolio-EnhancedSM | NDARX | Summary Prospectus | Statutory Prospectus |
| AF Retirement 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-Aware Conservative Growth & Income PortfolioSM | 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 The Tax-Exempt Bond Fund of America® | AFTEX | Summary Prospectus | Statutory Prospectus |
| AF Tax-Exempt 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 Systematic Multi-Strategy Fund | BAMBX | 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 SMID Cap Fund | MDSPX | Summary Prospectus | Statutory Prospectus |
| BLK Advantage Small Cap Core Fund | BDSAX | Summary Prospectus | Statutory Prospectus |
| BLK Energy Opportunities Fund | BACAX | Summary Prospectus | Statutory Prospectus |
| BLK Sustainable Emerging Markets Equity Fund | MDPCX | Summary Prospectus | Statutory Prospectus |
| BLK Sustainable Balanced Fund | MDCPX | Summary Prospectus | Statutory Prospectus |
| BLK Large Cap Focus Value Fund | MDBAX | Summary Prospectus | Statutory Prospectus |
| BLK California 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 Advantage CoreAlpha Bond Fund | BCRAX | Summary Prospectus | Statutory Prospectus |
| BLK Income Fund | BMSAX | Summary Prospectus | Statutory Prospectus |
| BLK Emerging Markets Fund | MDDCX | 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 Large Cap 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 Portfolio | 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 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. Aggregate Bond Index Fund | BMOPX | 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 2065 Fund | LIWPX | Summary Prospectus | Statutory Prospectus |
| BLK LifePath Index Retirement Fund | LIRPX | Summary Prospectus | Statutory Prospectus |
| BLK Unconstrained 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 Value Fund | MDRFX | Summary Prospectus | Statutory Prospectus |
| BLK Mid-Cap Growth Equity Fund | BMGAX | Summary Prospectus | Statutory Prospectus |
| BLK Wealth Liquid Environmentally Aware 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 Opportunities Fund | MENKX | Summary Prospectus | Statutory Prospectus |
| BLK New Jersey 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 Technology 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 Opportunities 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 Return (Bond) Fund | MDHQX | Summary Prospectus | Statutory Prospectus |
| BLK Impact Mortgage Fund | CIGAX | Summary Prospectus | Statutory Prospectus |
| BLK U.S. Mortgage Fund | BMPAX | Summary Prospectus | Statutory Prospectus |
| BLK Dynamic High Income Fund | BDHAX | Summary Prospectus | Statutory Prospectus |
| BLK Sustainable Advantage Large Cap Core Fund | BIRAX | Summary Prospectus | Statutory Prospectus |
Risk Disclosures
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.
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.
Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.
State Farm VP Management Corp. is a separate entity from those State Farm® and/or unaffiliated entities which provide banking and insurance products.
Before investing, consider the funds' investment objectives, risks, charges 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. Securities distributed by State Farm VP Management Corp.
AP2024/06/0754
Mutual Funds Disclosures
Automatic investment plans do not assure a profit or protect against loss.
It is not possible to invest directly in an index.
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 the 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 has a contractual agreement with Pershing to serve as our clearing firm and is not affiliated with SFVPMC.
SFVPMC is a separate entity from Ascensus which provides recordkeeping and administrative services for retirement plans. Ascensus is not affiliated with SFVPMC.
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 MSCI Japan Index is designed to measure the performance of the large and mid-cap segments of the Japan market.
The Credit Suisse High Yield Index is designed to mirror the investible universe of the U.S. dollar-denominated high yield debt market.
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 Nikkei 225 Index is a price-weighted index comprised of Japan’s top 225 blue-chip companies on the Tokyo Stock Exchange.
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.
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 DISCLOSURE FOR STATE FARM VP MANAGEMENT CORP.
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, we are providing you with this information on our business continuity plan.
Contacting Us—If after a significant business disruption you cannot contact your State Farm agent (registered representative) as you usually do, you should go to our web site at statefarm.com® or you may contact another local registered State Farm agent.
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®). You may obtain a current summary of our business continuity plan by writing to us at State Farm Investment Planning Services, 1 State Farm Plaza, Bloomington, IL 61710.
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 web site statefarm.com®, you can contact your State Farm agent, or you can contact another local 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.
For more information—If you have questions about our business continuity planning, you can contact your State Farm agent.