SFBDX

About SFBDX

State Farm Municipal Bond Fund is an open-end municipal bond mutual fund focused on generating federally tax‑exempt income. The fund primarily invests in a diversified portfolio of municipal securities issued by states and local governments, including general obligation bonds and revenue bonds tied to essential public projects such as transportation, housing, education, and utilities. It targets a majority of holdings with maturities longer than five years and seeks to avoid alternative minimum tax exposure unless after‑tax returns are expected to be superior. Managed under the oversight of State Farm Investment Management Corp., with day‑to‑day portfolio management performed by Northern Trust Investments as sub‑adviser, the fund emphasizes broad state and sector diversification and maintains a low expense profile relative to peers. With a low minimum initial investment and no sales charges when purchased directly, it is positioned as a tax‑efficient fixed income option for investors seeking stable, federally tax‑exempt income and exposure to national intermediate‑term municipal markets.