State Farm Balanced Fund
U.S. stock index fund · tracks Bloomberg Intermediate U.S. Government/Credit Bond Index
As of its 2026 Q2 report, State Farm Balanced Fund held 2,044 positions with $2.80B in net assets. Its ten largest holdings made up 38.8% of the fund. The STFBX share class costs 0.14% a year. Over the 12 months to May 2026, STFBX returned 25.5%, with dividends reinvested. In 2026 Q2 it added 196 new positions and exited 98.
State Farm Balanced Fund (the Fund or the Balanced Fund) seeks long-term growth of capital while providing some current income.
The fund allocates approximately 65% to common stocks selected by its sub-adviser for long-term capital gains potential, focusing on large and mid-capitalization companies that exhibit strong profitability, cash flows, management efficiency, and lower volatility characteristics, while maintaining sector weights within 3% to 5% of the S&P 500 Index. The remaining 35% is invested in a representative sample of intermediate-term government and corporate bonds, passively managed to track the Bloomberg Intermediate U.S. Government/Credit Bond Index. Because the fund's fixed income holdings replicate the Bond Index through sampling rather than holding all constituents, performance may diverge from the index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AAPLAPPLE INC | 8.01% | $224.52M | 775.9K | $289.36 |
NVDANVIDIA CORP | 5.63% | $157.78M | 788.5K | $200.09 |
5.37% | $150.41M | 141.2K | $1,064.90 | |
GOOGLALPHABET INC | 4.99% | $139.89M | 391.4K | $357.37 |
3.51% | $98.36M | 387.3K | $253.97 | |
3.18% | $89.01M | 74.2K | $1,199.43 | |
MSFTMICROSOFT CORP | 2.24% | $62.71M | 168.1K | $373.02 |
2.04% | $57.32M | 195.5K | $293.18 | |
NUENUCOR CORP | 1.92% | $53.91M | 242.0K | $222.75 |
1.88% | $52.67M | 359.2K | $146.64 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 2,044 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 73.24% |
| Bonds | 25.78% |
| Cash & short-term | 0.70% |
| Derivatives | 0.08% |
| Securitized | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 21.1%
- Government
- 18.4%
- Health Care
- 11.1%
- Industrials
- 10.2%
- 12 other sectors
- 39.3%
- Information Technology
- 21.1%
- Government
- 18.4%
- Health Care
- 11.1%
- Industrials
- 10.2%
- Communication Services
- 9.3%
- Materials
- 6.3%
- Consumer Staples
- 6.1%
- Financials
- 5.7%
- Consumer Discretionary
- 2.5%
- International
- 2.2%
- Energy
- 2.0%
- Utilities
- 1.7%
- Real Estate
- 1.4%
- Other
- 1.3%
- Cash
- 0.7%
- Securitized
- 0.0%
How it has done
STFBX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.52%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
State Farm Balanced Fund is a U.S. equity index fund that tracks the Bloomberg Intermediate U.S. Government/Credit Bond Index. 15% of STFBX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 98% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.14%· STFBX 0.14%
- Portfolio turnover
- 26.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
196 new· the largest 1
98 exited· the largest 3
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.9% |
| 1-3y | 37.0% |
| 3-5y | 30.8% |
| 5-10y | 30.3% |
| 10y+ | 1.1% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 72% |
| Credit spreads | 28% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.37 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.19 yr | 21% |
| 5 yr | 0.50 yr | 53% |
| 10 yr | 0.24 yr | 26% |
| 30 yr | 0.00 yr | 0% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.06 yr | 15% |
| 5 yr | 0.19 yr | 53% |
| 10 yr | 0.11 yr | 31% |
| 30 yr | 0.00 yr | 0% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $5 | $0 |
| 1 yr | +0.19 | +0.06 | +0.00 | $15.8k | $0 |
| 5 yr | +0.50 | +0.19 | +0.00 | $54.1k | $0 |
| 10 yr | +0.24 | +0.11 | +0.00 | $32.0k | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $403 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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