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SFTBX State Farm Tax Advantaged Bond B Legacy

  • Fund
  • SFTBX
  • Price as of: Jul 20, 2018
  • $11.67
  • - $0.00
  • - 0.00%
  • Category
  • National Munis

SFTBX - Profile

Vitals

  • YTD Return -1.3%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 2.9%
  • Net Assets $456 M
  • Holdings in Top 10 11.0%

52 WEEK LOW AND HIGH

$11.67
$11.57
$11.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

  • Front Load N/A
  • Deferred Load 3.00%

BROKERAGE FEES

  • Turnover 1.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Interm

Distributions

  • YTD Total Return -1.3%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.40%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name State Farm Tax Advantaged Bond Fund
  • Fund Family Name State Farm
  • Inception Date Dec 18, 2000
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Robert Reardon

Fund Description

The fund normally invests at least 80% of its total assets in municipal bonds within the highest four rating categories of Moody's Investors Service, Inc. ("Moody's") or Standard & Poor's ("S&P"), meaning that the fund may invest up to 20% of the fund's total assets in less than investment grade municipal bonds.

SFTBX - Performance

Return Ranking - Trailing

Period SFTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.3% -13.2% 99.4% 38.03% 3
1 Yr 0.7% -5.8% 10.7% 63.36% 4
3 Yr 2.0% * -4.5% 7.0% 49.66% 3
5 Yr 2.9% * -0.5% 5.8% 36.93% 2
10 Yr 3.6% * -0.5% 5.9% 47.50% 3

* Annualized


Return Ranking - Calendar

Period SFTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.1% -5.3% 5.6% 39.70% 3
2016 -1.8% -8.5% 7.3% 20.68% 2
2015 0.3% -10.9% 8.8% 12.14% 1
2014 5.8% -10.3% 12.0% 22.77% 2
2013 -6.0% -11.9% 8.7% 45.11% 4

Total Return Ranking - Trailing

Period SFTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -1.3% -13.2% 99.4% 37.86% 3
1 Yr -2.3% -8.9% 8.9% 82.41% 5
3 Yr 1.1% * -5.4% 7.0% 62.37% 4
5 Yr 2.5% * -1.2% 5.8% 45.23% 3
10 Yr 3.6% * -0.5% 5.9% 44.17% 3

* Annualized


Total Return Ranking - Calendar

Period SFTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.1% -5.3% 5.6% 39.86% 3
2016 -1.8% -8.2% 7.3% 28.38% 2
2015 0.3% -9.7% 9.3% 23.25% 2
2014 5.8% -10.3% 17.0% 26.80% 2
2013 -6.0% -11.9% 8.9% 51.25% 4

NAV & Total Return History

SFTBX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

SFTBX Category Low Category High SFTBX % Rank Quintile
Net Assets 456 M 491 K 58 B 25.44% 4
Number of Holdings 298 1 7665 18.87% 3
Net Assets in Top 10 51.2 M -286 M 1.45 B 29.19% 4
Weighting of Top 10 11.0% 0.0% 100.0% 24.68% 4

Top 10 Holdings

  1. CONNECTICUT ST HEALTH & EDL FACS AUTH REV BDS A-2 2.06%
  2. ARKANSAS ST GO REF BDS 2015 1.30%
  3. TENNESSEE ST GO REF BDS 2012-A 1.16%
  4. KING CNTY WASH SCH DIST NO 414 LAKE WASHINGTON ULTD TAX GO AND REF BDS 2016 1.11%
  5. PLYMOUTH-CANTON MICH CMNTY SCH DIST GO UNLTD TAX BDS 2012 A 0.96%
  6. MARICOPA CNTY ARIZ UNI SCH DIST NO 69 PARADISE VY SCH IMPT BDS 2012 A 0.94%
  7. RALEIGH N C GO PUB IMPT BDS 2012 B 0.92%
  8. CLACKAMAS CNTY ORE SCH DIST NO 12 NORTH CLACKAMAS GO REF BDS 2014 0.88%
  9. SPARTANBURG S C SAN SWR DIST REV BDS B 0.85%
  10. BIRMINGHAM MICH PUB SCHS GO REF BDS 2013 0.80%

Asset Allocation

Weighting Category Low Category High SFTBX % Rank Quintile
Bonds
99.72% 0.00% 202.21% 4.35% 2
Cash
0.28% -110.85% 100.00% 27.74% 4
Stocks
0.00% 0.00% 0.96% 1.13% 2
Preferred Stocks
0.00% 0.00% 10.29% 0.81% 2
Other
0.00% -2.77% 26.50% 6.13% 2
Convertible Bonds
0.00% 0.00% 2.30% 0.81% 2

Bond Sector Breakdown

Weighting Category Low Category High SFTBX % Rank Quintile
Municipal
99.72% 0.00% 121.26% 4.52% 2
Cash & Equivalents
0.28% -110.85% 100.00% 26.77% 4
Derivative
0.00% -5.91% 4.93% 0.81% 2
Securitized
0.00% 0.00% 39.64% 2.26% 2
Corporate
0.00% 0.00% 37.22% 4.52% 2
Government
0.00% -22.00% 117.34% 4.84% 2

Bond Geographic Breakdown

Weighting Category Low Category High SFTBX % Rank Quintile
US
99.72% 0.00% 202.21% 4.35% 1
Non US
0.00% 0.00% 23.91% 13.23% 3

SFTBX - Expenses

Operational Fees

SFTBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.06% 0.08% 4.60% 12.40% 4
Management Fee 0.10% 0.00% 1.00% 7.09% 1
12b-1 Fee 0.65% 0.00% 1.00% 2.69% 4
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

SFTBX Fees (% of AUM) Category Low Category High SFTBX Rank Quintile
Front Load N/A 0.50% 5.75% N/A N/A
Deferred Load 3.00% 0.50% 5.50% 2.91% 4

Trading Fees

SFTBX Fees (% of AUM) Category Low Category High SFTBX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SFTBX Fees (% of AUM) Category Low Category High SFTBX Rank Quintile
Turnover 1.00% 0.00% 504.54% 19.32% 1

SFTBX - Distributions

Dividend Yield Analysis

SFTBX Category Low Category High SFTBX % Rank Quintile
Dividend Yield 0.3% 0.00% 1.01% 29.04% 3

Dividend Distribution Analysis

SFTBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SFTBX Category Low Category High SFTBX % Rank Quintile
Net Income Ratio 2.40% -0.41% 5.26% 22.38% 3

Capital Gain Distribution Analysis

SFTBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

SFTBX - Managers

Robert Reardon

Manager

Start Date

Dec 18, 2000

Tenure

17.54

Tenure Rank

3.3%

Mr. Reardon is Assistant Vice President at State Farm Investment Management Corp. and the Investment Executive—State Farm Mutual Automobile Insurance Company. Mr. Reardon has been involved in all aspects of managing tax advantaged fixed income portfolios for State Farm Mutual Automobile Insurance Company and its affiliated entities.


Mike Zaroogian

Manager

Start Date

May 01, 2016

Tenure

2.16

Tenure Rank

18.1%

N/A


Tenure Analysis

Category Low

0.0

Category High

38.8

Category Average

7.9

Category Mode

3.5