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Trending ETFs

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.58

$307 M

3.32%

$0.32

0.23%

Vitals

YTD Return

2.6%

1 yr return

4.8%

3 Yr Avg Return

0.1%

5 Yr Avg Return

0.3%

Net Assets

$307 M

Holdings in Top 10

19.0%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.23%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.58

$307 M

3.32%

$0.32

0.23%

SFITX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    State Farm Interim Fund
  • Fund Family Name
    State Farm Investment Management Corp.
  • Inception Date
    Jun 29, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Alongi

Fund Description

Under normal circumstances, the Fund will invest substantially all its net assets in a representative sample of the U.S. Treasury obligations included in the Bloomberg 1‑5 Year U.S. Treasury Index (the “Index”). The Index is an unmanaged index that includes a range of U.S. Treasury obligations and is considered representative of short to intermediate term U.S. Treasury bond performance overall. State Farm Investment Management Corp. (the “Adviser”), investment adviser to the Fund has selected Northern Trust Investments, Inc. (“NTI” or “Sub‑Adviser”) as sub‑adviser to the Fund. The Fund is passively managed. The Sub‑Adviser tries to replicate the investment composition and performance of the Index using computer programs and statistical procedures. The Fund will buy and sell securities with the goal of achieving an overall duration and total return for the Fund similar to that of the Index. The term “duration” means a measure of the sensitivity of market value to a change in interest rates. It is typically stated in years and represents the approximate percentage change in market value associated with a 100 basis point (1.00%) change in interest rates. As of December 31, 2023, the duration of the Index was approximately 2.7 years.
Under normal market conditions, the Index is rebalanced monthly. During periods of market disruption or other abnormal market conditions, the rebalancing or reconstitution of the Index may be delayed. The Fund is passively managed which means it tries to track the investment composition and performance of the Index using computer programs and statistical procedures. Because the Fund will have fees and transaction expenses (while the Index has none), returns are likely to be below those of the Index.
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SFITX - Performance

Return Ranking - Trailing

Period SFITX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -0.1% 6.6% 74.68%
1 Yr 4.8% 3.6% 8.8% 72.15%
3 Yr 0.1%* -2.3% 2.7% 62.82%
5 Yr 0.3%* -0.9% 1.9% 74.32%
10 Yr 0.8%* -0.2% 1.6% 64.06%

* Annualized

Return Ranking - Calendar

Period SFITX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -1.6% 4.4% 15.19%
2022 -6.7% -10.4% -1.0% 56.41%
2021 -2.5% -6.4% -0.2% 65.38%
2020 2.7% -1.8% 4.9% 12.16%
2019 2.4% -1.4% 3.3% 4.17%

Total Return Ranking - Trailing

Period SFITX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -0.1% 6.6% 74.68%
1 Yr 4.8% 3.6% 8.8% 72.15%
3 Yr 0.1%* -2.3% 2.7% 62.82%
5 Yr 0.3%* -0.9% 1.9% 74.32%
10 Yr 0.8%* -0.2% 1.6% 64.06%

* Annualized

Total Return Ranking - Calendar

Period SFITX Return Category Return Low Category Return High Rank in Category (%)
2023 4.3% 2.4% 6.2% 30.38%
2022 -5.6% -9.3% 0.2% 66.67%
2021 -1.5% -3.1% 0.1% 65.38%
2020 2.7% 0.4% 6.0% 81.08%
2019 3.3% 1.1% 5.5% 56.94%

NAV & Total Return History


SFITX - Holdings

Concentration Analysis

SFITX Category Low Category High SFITX % Rank
Net Assets 307 M 11.1 M 24.8 B 53.16%
Number of Holdings 101 7 1024 74.68%
Net Assets in Top 10 56 M 1.76 M 6.85 B 62.03%
Weighting of Top 10 18.98% 15.6% 100.0% 94.94%

Top 10 Holdings

  1. T 4.5 05/31/29 2.22%
  2. T 4.25 02/28/29 2.19%
  3. T 4.375 08/31/28 2.03%
  4. T 3.625 05/31/28 1.98%
  5. T 1.625 02/15/26 1.93%
  6. T 4.875 10/31/28 1.90%
  7. T 1.25 11/30/26 1.72%
  8. T 4.625 09/30/28 1.71%
  9. T 3.875 11/30/27 1.66%
  10. T 3.625 03/31/28 1.65%

Asset Allocation

Weighting Return Low Return High SFITX % Rank
Bonds
98.88% 70.16% 127.20% 40.51%
Cash
1.12% 0.00% 23.11% 41.77%
Stocks
0.00% 0.00% 1.65% 89.87%
Preferred Stocks
0.00% 0.00% 0.00% 89.87%
Other
0.00% -25.01% 30.75% 73.42%
Convertible Bonds
0.00% 0.00% 0.00% 89.74%

Bond Sector Breakdown

Weighting Return Low Return High SFITX % Rank
Government
99.33% 0.00% 99.96% 14.10%
Cash & Equivalents
0.57% 0.00% 23.11% 49.37%
Derivative
0.00% -0.95% 11.49% 69.62%
Securitized
0.00% 0.00% 100.00% 93.59%
Corporate
0.00% 0.00% 34.19% 91.03%
Municipal
0.00% 0.00% 6.22% 91.03%

Bond Geographic Breakdown

Weighting Return Low Return High SFITX % Rank
US
98.88% 70.16% 127.20% 40.51%
Non US
0.00% 0.00% 0.00% 89.87%

SFITX - Expenses

Operational Fees

SFITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.23% 0.03% 2.91% 81.01%
Management Fee 0.12% 0.03% 0.80% 15.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.45% N/A

Sales Fees

SFITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 4.75% N/A
Deferred Load N/A 0.50% 1.00% N/A

Trading Fees

SFITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 0.25% N/A

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.

SFITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 0.00% 466.00% 11.48%

SFITX - Distributions

Dividend Yield Analysis

SFITX Category Low Category High SFITX % Rank
Dividend Yield 3.32% 0.00% 5.67% 82.28%

Dividend Distribution Analysis

SFITX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

SFITX Category Low Category High SFITX % Rank
Net Income Ratio N/A -0.78% 3.29% 5.95%

Capital Gain Distribution Analysis

SFITX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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SFITX - Fund Manager Analysis

Managers

David Alongi


Start Date

Tenure

Tenure Rank

Mar 31, 2021

1.17

1.2%

Mr. Alongi is a Senior Vice President at NTI where he is responsible for the management and trading process for passive fixed income portfolios. Mr. Alongi joined NTI in 2000.

Michael Chico


Start Date

Tenure

Tenure Rank

Mar 31, 2021

1.17

1.2%

Michael Chico is a Vice President at the Northern Trust Investments, Inc. He is a Fixed Income Portfolio Manager in the Fixed Income group and is responsible for quantitatively managing and trading fixed income accounts for Northern Trust clients. Mike originally joined Northern Trust in 2005 as Fixed Income Securities Trader with Northern Trust Securities, Inc., where he focused on structured products, non-USD fixed income securities, MBS/ABS, and Treasury securities. Prior to joining Northern Trust, he was vice president of MBS Trading at J.P. Morgan Securities, Inc, formerly Banc One Capital Markets, Inc.Mike received his B.A. degree in Economics from the University of Pennsylvania and his M.B.A. in Finance and Economics from The University of Chicago Graduate School of Business. He is a CFA charterholder in the CFA Society of Chicago. Michael R. Chico is Vice President of NTI. Mr. Chico joined NTI in 2007 and is responsible for managing various fixed-income funds.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.49 32.44 10.48 7.33