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Intro Guide to the State Farm Municipal Bond Fund (SFBDX)

State Farm Municipal Bond ( SFBDX ) a Zacks Ranked #1 (Strong Buy) was incepted in November 1977 and is managed by State Farm Investment Management Corp. SFBDX seeks as high a rate of income exempt from federal income taxes as is consistent with prudent investment management. SFBDX normally invests so that either (1) a minimum of 80% of SFBDX's net investment income is exempt from regular federal income tax or (2) a lion's share of SFBDX's net assets are invested in securities that produce income exempt from regular federal income tax. SFBDX invests primarily in a diversified selection of municipal bonds (for example, general obligation bonds of a state or bonds financing a specific project) with maturities of one to seventeen years. SFBDX normally invests a minimum of 70% of its total assets in municipal bonds rated A or better by Moody's or S&P.

State Farm Municipal Bond, managed by State Farm , carries an expense ratio of 0.15. Moreover, SFBDX requires a minimal initial investment of $250.

SFBDX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 1.98%, 3 year 2.28% and 5 year 2.88%. To see how this fund performed compared in its category, please click here .

SFBDX's performance, as of the last filing, when compared to funds in its category was in the top 34% in 1 year, top 40% over the past 3 years, and in the 61% over the past 5 years.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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