What is State Farm's investment philosophy?
[MUSIC PLAYING]
(Speaker:  Scott Hintz, Assistant Vice President)
What is State Farm's investment philosophy and management approach? 
Our investment philosophy at State Farm is one of prudence, combined with a 
conservative approach to managing risk. We emphasize a long term, buy and hold 
philosophy. And we do not change our approach in response to short term market 
fluctuations or temporary market dynamics. Our goal is to provide our 
shareholders with competitive performance on a relative basis over rolling five 
and 10 year periods. I'd also like to add that as a mutual company owned by our 
policyholders, we strive to be the model for the highest standards of ethical 
behavior in the industry. 
Now, because we offer a wide variety of mutual funds of various asset classes 
and risk profiles, we've chosen to partner with seven other highly respected 
investment management organizations, what we term sub-advisers, all offered 
under the State Farm umbrella. Some of these companies may be familiar to you, 
while others may not. State Farm Investment Management Corp works on behalf of 
you, our shareholders, as a fiduciary to monitor and select some of the 
strongest investment management teams available with similar investment 
philosophies to that of our own. Our investment team at State Farm continues to 
receive awards and recognition from some of the most respected industry 
publications and organizations. Of course, we consider it an honor and a 
privilege to be able to help you manage the risks of everyday life and recover 
from the unexpected through our insurance products, all the while helping you 
realize your dreams with our financial services products, including our State 
Farm mutual funds.