Fund Evaluator:

State Farm Growth Overview

State Farm Growth (STFGX) is an actively managed U.S. Equity Large Blend fund. State Farm launched the fund in 1968.

The investment seeks long-term growth of capital, which may be supplemented by income. The fund invests under normal circumstances at least 80% of its assets in equity securities that at the time of investment are expected to appreciate over the long-term. Equity securities include, among other things, common stocks, preferred stocks, and American Depositary Receipts.

About State Farm Growth (STFGX)

There are 3 members of the management team with an average tenure of 3.64 years: Mary Lukic (2021), Sridhar Kancharla (2026), Christine Tinker (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. State Farm Growth has 327 securities in its portfolio. The top 10 holdings constitute 47.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

State Farm Growth is part of the Equity global asset class and is within the U.S. Equity fund group. State Farm Growth has 3.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.7%. There is 3.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). State Farm Growth has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $9 billion in total assets, which is above the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

STFGX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The State Farm Growth expense ratio is low compared to funds in the Large Blend category. State Farm Growth has an expense ratio of 0.12%, which is 85% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. State Farm Growth has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of June 2026, State Farm Growth returned 1.4%, which earned it a grade of A, as the Large Blend category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

State Farm Growth has a trailing yield of 1.25%, which is above the 0.56% category average. The fund normally distributes its income semi-annually and its capital gains semi-annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

State Farm Growth Grades

Year to date, the fund has returned 13.3%, 4.3 percentage points better than the category, which translates into a grade of A. The fund has returned 29.6% over the past year (grade of A), 20.1% over the past three years (grade of B) and 13.8% per year over the past five years (grade of A) and 14.1% per year over the past 10 years (grade of C).

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