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State Farm Municipal Bond (SFBDX) Fund Ranking and Research

Ranking, Research and Recommendation of State Farm Municipal Bond (SFBDX) Fund

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Graph of State Farm Municipal Bond Fund (SFBDX) ManagerFund Manager - Robert Reardon

Fund Manager Information

Fund Manager Tenure: 22.0 years
Fund Family: State Farm
Fund Category: Muni National Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.62)     (What does this score mean?)
Reardon is an investment officer and portfolio manager for State Farm.  Get more insights on Robert Reardon

 

Graph of State Farm Municipal Bond Fund (SFBDX) ProfileState Farm Municipal Bond Fund (SFBDX) Profile

Fund Profile and Description

State Farm Municipal Bond Fund seeks as high a rate of income exempt from federal income taxes as is consistent with prudent investment management. State Farm Municipal Bond Fund invests primarily in a diversified selection of municipal bonds with maturities of 1 to 17 years. Normally, either 80% of the fund's net investment income is exempt from federal income tax, or at least 80% of assets are invested in securities that pay interest exempt from federal tax. It typically invests at least 70% of assets in bonds rated A or better.

 

State Farm Municipal Bond (SFBDX) Fund Strength What we like about State Farm Municipal Bond (SFBDX) Fund

Data for State Farm Municipal Bond Fund (SFBDX) as of May 30, 2016

  • State Farm Municipal Bond Fund (SFBDX) management has been with State Farm Municipal Bond Fund for 22.0 years
  • State Farm Municipal Bond Fund (SFBDX) has good mid-term performance (3-year return 3.39% vs 3.10% Muni National Interm category median performance)
  • State Farm Municipal Bond Fund (SFBDX) ratio of up-years vs down years is greater than 2
  • State Farm Municipal Bond Fund (SFBDX) has a Morningstar rating of 4 and above
  • Asset base in State Farm Municipal Bond Fund (SFBDX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • State Farm Municipal Bond Fund (SFBDX) has an annual stock turnover rate of 10.00% vs Muni National Interm average of 22.40%. It is good that State Farm Municipal Bond management does not trade extensively for its return.
  • State Farm Municipal Bond Fund (SFBDX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.72, lower than category average of 3.29
  • State Farm Municipal Bond Fund (SFBDX) has a lower expense ratio than its Muni National Interm average: 0.16% vs 0.80%
  • State Farm Municipal Bond Fund (SFBDX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

State Farm Municipal Bond Fund (SFBDX) Weakness What we are cautious about State Farm Municipal Bond (SFBDX) Fund

Data for State Farm Municipal Bond Fund (SFBDX) as of May 30, 2016

  • State Farm Municipal Bond Fund (SFBDX) has a less-than-ideal short-term performance (1-year return 4.15% vs 4.71% Muni National Interm category median performance)
  • State Farm Municipal Bond Fund (SFBDX) has a less-than-ideal Long-term performance (5-year return 3.98% vs 4.14% Muni National Interm category median performance)
  • State Farm Municipal Bond Fund (SFBDX) is less safe compared to its Muni National Interm peers
See State Farm Municipal Bond Fund (SFBDX) performance details as of May 30, 2016

 

What do you think?

 

Compare State Farm Municipal Bond Fund (SFBDX)Compare with other top Muni National Interm category mutual funds

Aadditional top Muni National Interm mutual funds for your consideration

FundYear to Date1 Year3 year5 year
State Farm Municipal Bond1.824.153.393.98
Eaton Vance TABS 5 to15 Yr Lad Muni Bd I (EILTX)3.408.176.377.87Compare
BlackRock Strategic Muni Opps Inv A1 (MDMTX)3.297.784.275.68Compare
USAA Tax Exempt Intermediate-Term (USATX)2.525.223.514.92Compare

See top fund managers for Muni National Interm Category Funds

 

Compare State Farm Municipal Bond Fund (SFBDX)Compare with Muni National Interm category ETFs

Some Muni National Interm ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Intermediate Muni ETF (ITM)2.55%7.15%4.62%
iShares National AMT-Free Muni Bond (MUB)2.19%5.72%4.01%
PIMCO Intermediate Municipal Bd Actv ETF (MUNI)1.61%4.98%2.60%
Columbia Intermediate Municipal Bond ETF (GMMB)000

 

Graph of State Farm Municipal Bond Fund (SFBDX) Net Asset TrackingState Farm Municipal Bond (SFBDX) Fund Net Asset

Track net asset change of State Farm Municipal Bond fund (SFBDX)

DateNet Asset
05/2016$711.44M
03/2016$698.84M
02/2016$695.67M
More historic net asset information on State Farm Municipal Bond Fund (SFBDX)

  

Graph of State Farm Municipal Bond Fund (SFBDX) Portfolio TrackingState Farm Municipal Bond (SFBDX) Fund Portfolio Allocation

Track portfolio allocation change of State Farm Municipal Bond fund (SFBDX)

DateCashStockBondOther
03/20166.32%0%93.68%0%
12/20155.32%0%94.68%0%
09/20155.36%0%94.64%0%
Click here to see more historic asset allocation information on State Farm Municipal Bond Fund (SFBDX)

 

graph of State Farm Municipal Bond Fund (SFBDX) Top 10 Position TrackingTop 10 Holdings in State Farm Municipal Bond (SFBDX) Fund

Discover what State Farm Municipal Bond Fund (SFBDX) manager is buying

Mar 30, 2016
Arkansas St Constr Im 3.5% [0.94%]
Engy Northwest Wash Elec Rev Rev Re 0.1% [0.87%]
Jackson Cnty Mo Reorg Sch Dist 4.75% [0.87%]
Glendale Ariz Go Ref Bd 5% [0.65%]
Yakima Cnty Wash Sch Dist 4.625% [0.64%]
Plymouth-Canton Mich Cmnty Sch Sch Bl 4% [0.6%]
Shakopee Minn Indpt Sch Dist 3.25% [0.59%]
New Mexico Fin Auth 4% [0.54%]
Maine Mun Bd Bk Ref Bds 4.5% [0.53%]
West Virginia Univ Revs Rev Bds 5% [0.53%]

Dec 30, 2015
Arkansas St Constr Im 3.5% [0.96%]
Jackson Cnty Mo Reorg Sch Dist 4.75% [0.91%]
Engy Northwest Wash Elec Rev Rev Re 0.1% [0.89%]
Glendale Ariz Go Ref Bd 5% [0.68%]
Yakima Cnty Wash Sch Dist 4.625% [0.66%]
Plymouth-Canton Mich Cmnty Sch Sch Bl 4% [0.62%]
Shakopee Minn Indpt Sch Dist 3.25% [0.6%]
New Mexico Fin Auth 4% [0.57%]
Maine Mun Bd Bk Ref Bds 4.5% [0.56%]
West Virginia Univ Revs Rev Bds 5% [0.55%]

Sep 29, 2015
Arkansas St Constr Im 3.5% [0.96%]
Jackson Cnty Mo Reorg Sch Dist 4.75% [0.93%]
Engy Northwest Wash Elec Rev Rev Re 0.1% [0.88%]
Glendale Ariz Go Ref Bd 5% [0.69%]
Yakima Cnty Wash Sch Dist 4.625% [0.67%]
Plymouth-Canton Mich Cmnty Sch Sch Bl 4% [0.62%]
Shakopee Minn Indpt Sch Dist 3.25% [0.6%]
New Mexico Fin Auth 4% [0.57%]
Maine Mun Bd Bk Ref Bds 4.5% [0.56%]
West Virginia Univ Revs Rev Bds 5% [0.55%]
Click here for Stock Holding Change Map in State Farm Municipal Bond Fund (SFBDX)

  

Latest News on State Farm Municipal Bond (SFBDX) Fund

See what is happening with State Farm Municipal Bond Fund (SFBDX)

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State Farm Municipal Bond Fund (SFBDX) Related ResourcesSee more information on State Farm Municipal Bond (SFBDX) Fund

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