Fund Description

The fund was incepted in December 2000 and is managed by State Farm Investment Management Corp. The fund seeks to provide investment results that correspond to the total return of publicly traded common stocks in the aggregate, as represented by the Standard & Poor's 500 Stock Index (the 'S&P 500(r) Index'). The fund invests all of its assets in a separate series of an unaffiliated mutual fund called Master Investment Portfolio. The fund invests at least 90% of its assets in stocks that are represented in the S&P 500 Index.