UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-08073

STATE FARM VARIABLE PRODUCT TRUST

(Exact name of registrant as specified in charter)

Three State Farm Plaza

Bloomington, IL 61791-0001

(Address of principal executive offices) (Zip code)

Paul J. Smith One State Farm Plaza Bloomington, Illinois 61710-0001	Alan Goldberg
	K&L Gates LLP
	Three First National Plaza
	70 West Madison St., Suite 3100
	Chicago, Illinois 60602

(Names and addresses of agents for service)

Registrant’s telephone number, including area code: 1-888-702-2307

Date of fiscal year end: 12/31/2013

Date of reporting period: 06/30/2013

ITEM 1. REPORTS TO STOCKHOLDERS.

Table of Contents

Message to Variable Product Customers	1
Portfolio Summary	3
Expense Example (unaudited)	6
Board Approval of Investment Advisory and Sub-Advisory Agreements	8
Schedule of Investments
Large Cap Equity Fund	11
Small/Mid Cap Equity Fund	13
International Equity Fund	16
Large Cap Equity Index Fund	19
Small Cap Equity Index Fund	25

International Equity Index Fund	44
Stock and Bond Balanced Fund	55
Bond Fund	56
Money Market Fund	60
Financial Statements
Statements of Assets and Liabilities	62
Statements of Operations	64
Statements of Changes in Net Assets	66
Notes to Financial Statements	70
Financial Highlights	80

1-888-702-2307

State Farm VP Management Corp.

Customer Service Representatives are available 8:00 a.m. until 6:00 p.m. (Central Time)

Monday through Friday (except holidays)

This report and any financial information contained herein are submitted for the general information of the owners of interests in State Farm Life Insurance Company and State Farm Life and Accident Assurance Company Variable Life Separate Accounts or Variable Annuity Separate Accounts (the “Accounts”). This report provides the results of operations for each of the Funds of the State Farm Variable Product Trust. It is possible to invest in these underlying Funds only through the purchase of a State Farm Variable Universal Life Insurance policy or State Farm Variable Deferred Annuity policy. Please read the prospectus and consider the investment objectives, charges and expenses and other information it contains about the Accounts carefully before investing.

Variable Deferred Annuity (VA) policy series 97040 & 97090 in all states except MT, NY, WI; 97090 in MT; A97040 & A97090 in NY, WI.

Variable Universal Life (VUL) policy series 97035, and also 97036 in TX, except MT, NY, WI; 97085 in MT; A97035 in NY & WI.

Before investing, consider the Funds’ investment objectives, risks, charges and expenses. Contact State Farm VP Management Corp. (1-888-702-2307) for a prospectus containing this and other information. Read it carefully.

Investing involves risk, including potential for loss.

A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities, and information regarding how the Funds voted proxies relating to portfolio securities during the most recent 12 month period ended June 30, are available without charge upon request at 1-800-447-4930 and at “http://www.sec.gov.”

The Funds file complete schedules of portfolio holdings for each Fund with the Securities and Exchange Commission (the “Commission”) for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Forms N-Q are available on the Commission’s website at “http://www.sec.gov.” The Funds’ Forms N-Q may be reviewed and copied at the Commission’s Public Reference Room in Washington, D.C., and information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The Funds make the information on Form N-Q available to shareholders upon request without charge at 1-800-447-4930.

Any website referenced in this report is an inactive textual reference only, and information contained in or otherwise accessible through that website does not form a part of, and is not incorporated by reference into, this report.

Distributor: State Farm VP Management Corp.

Message to Variable Product Customers

Dear Policyowners,

Thank you for purchasing a State Farm^® Variable Product. Enclosed is the Semi-Annual Report for the 6-month period ended June 30, 2013, for the State Farm Variable Product Trust (“the Trust”). We encourage your review and consideration of this entire report.

Market Review

During the 6-month period ended June 30, 2013, the U.S. equity markets achieved positive total returns, while major international equity markets posted mixed results and major fixed income indices experienced negative single-digit total returns, due primarily to higher interest rates.

In the U.S., equity markets generated positive total returns for the 6-month period ended June 30, 2013. Throughout the period, equity markets were influenced by many positive factors including: generally subdued inflation, improving corporate earnings, and modest positive growth in Gross Domestic Product (GDP). In addition, the Federal Reserve maintained an accommodative monetary policy by leaving the Fed Funds Rate unchanged in a target range of 0% to 0.25%, where it remained for the entire 6-month period ended June 30, 2013. However, the market environment was not without its challenges. During February and March, several international equity markets turned negative and became increasingly volatile as unresolved concerns about sovereign debt issues in several European countries as well as a banking crisis in the small island nation of Cyprus weighed on investor sentiment. Despite these challenges, the S&P 500^® Index reached an all-time high in March and rose to another high during May before posting a –1.34% decline for the month of June.

Overall, large cap stocks (as represented by the S&P 500® Index1), mid-cap stocks (as represented by the Russell Midcap® Index2) and small cap stocks (as represented by the Russell 2000® Index3) posted positive total returns of 13.82%, 15.45% and 15.86%, respectively, for the 6-month period ended June 30, 2013. International equities markets, as represented by the MSCI EAFE Free® Index and the MSCI All Country World Index (ACWI) ex-U.S.Index, posted total returns of 4.10% and –0.04%, respectively, in U.S. dollar terms for the 6-month period ended June 30, 2013. Within the MSCI EAFE Free Index, developed markets like Japan and Switzerland were among the strongest performing markets, rising 16.55% and 10.92%, respectively,	Major Market Indices	Year-to-Date  Total Return As of 6/30/2013
	S&P 500 Index		13.82	%
	Russell MidCap Index		15.45	%
	Russell 2000 Index		15.86	%
	MSCI EAFE Free Index		4.10	%
	MSCI All Country World Index ex-U.S. Index		–0.04	%
	MSCI Emerging Markets Index		–9.57	%
	Barclays Government/Credit Intermediate Index		–1.45	%
in U.S. dollar terms. Meanwhile, Italy and Austria were among the weakest performing countries in the Index for the 6-month period, declining –9.04% and –7.58%, respectively, in U.S. dollar terms. Stock market performance in emerging market countries was negative during the 6-month period with the MSCI Emerging Markets Index posting a total return of –9.57% in U.S. dollar terms.4

1 Source: Standard and Poor’s. The S&P 500^® Index is a capitalization-weighted measure of common stocks of 500 large U.S. companies. It is not possible to invest directly in an index. Past performance does not guarantee future results.

2 Source: Bloomberg. The Russell Midcap^® Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap is a subset of the Russell 1000^® Index. It includes approximately 800 of the smallest securities of the Russell 1000 Index based on a combination of their market cap and current index membership. The Russell Midcap represents approximately 31% of the total market capitalization of the Russell 1000 companies. It is not possible to invest directly in an index. Past performance does not guarantee future results.

3 Source: Bloomberg. The Russell 2000^® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 is a subset of the Russell 3000^® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities of the Russell 3000 Index based on a combination of their market cap and current index membership. The stocks of small companies are more volatile than the stocks of larger, more established companies. It is not possible to invest directly in an index. Past performance does not guarantee future results.

4 Source: Bloomberg. The Morgan Stanley Capital International Europe, Australasia and Far East Free (EAFE^® Free) Index currently measures the performance of stock markets of Europe, Australia, New Zealand, and the Far East. The MSCI All Country World Index (ex-U.S.) (MSCI ACWI ex-U.S. Index) is a free float adjusted market capitalization index that is designed to measure equity market performance in global developed and emerging markets, excluding the United States. As of June 30, 2013, the MSCI ACWI ex-U.S. Index consisted of 44 developed and emerging market country indices. The Morgan Stanley Capital International Emerging Markets Index is a float-adjusted market capitalization index designed to measure equity market performance in global emerging markets. Foreign securities involve risks not normally associated with investing in the U.S., including higher trading and custody costs, less stringent accounting, legal and reporting practices, potential for political and economic instability, and the fluctuation and potential regulation of currency exchange and exchange rates, all of which are magnified in emerging markets. It is not possible to invest directly in an index. Past performance does not guarantee future results.

1

Message to Variable Product Customers (continued)

Meanwhile, prices of Treasury bonds declined, especially during the months of May and June, as concerns rose that the Federal Reserve might start tapering the amount of future asset-purchases in its program known as “quantitative easing.” During this two month period from May 1, 2013, to June 30, 2013, the yield on 10-year U.S. Treasuries rose 0.82%. However, over the entire 6-months, the yield on 10-year U.S. Treasuries rose 0.74% from 1.78% on January 1, 2013, to 2.52% on June 30, 2013. Short-term yields remained low, with 3-month U.S. Treasury yields declining 1 basis point from 0.05% on January 1, 2013 to 0.04% on June 30, 2013.⁵ Among major fixed income indices, the Barclays Government/Credit Intermediate Index posted a total return of –1.45% over the 6-month period ended June 30, 2013, as bond price declines, due primarily to higher interest rates, more than offset bond coupon income.⁶

With the 6-month negative returns for the bond-oriented indices, it is important to remember the risk that is present when investing, even in bond funds. Investing involves risk, including a potential for loss.

More information about how bond-oriented funds may respond to rising interest rates can be found on statefarm.com^®

at: statefarm.com/_pdf/UnderstandingBondsAndBondFunds.pdf.

Look for a detailed discussion of factors that impacted the performance of the Variable Product underlying Funds during the time frame of January 1, 2013, through December 31, 2013, in the State Farm Variable Product Trust Annual Report.

While changes in the markets, either positive or negative, are part of investing, State Farm Investment Management Corp. has consistently maintained a long-term, disciplined approach to managing investment risk.⁷

We believe that remaining focused on your long-term goals and maintaining an appropriate asset allocation mix are important elements in pursuing investment success.⁸

On behalf of the entire State Farm Variable Products team, thank you for your continued business and allowing us to help serve your investment needs.

Sincerely,

Joe R. Monk Jr.

Senior Vice President

State Farm Investment Management Corp.

5 Source: The U.S. Department of Treasury. A 10-year U.S. Treasury Bond is a debt obligation issued by the U.S. Treasury that has a term of more than one year, but not more than 10 years. A 3-month U.S. Treasury Bill is a debt obligation issued by the U.S. Treasury that has a term of 92 days or less. U.S. Treasury securities are backed by the full faith and credit of the U.S. government and are guaranteed only as to the prompt payment of principal and interest, and are subject to market risks if sold prior to maturity. Bonds have historically been less volatile than stocks, but are sensitive to changes in interest rates. Past performance does not guarantee future results.

6 The Barclays U.S. Government/Credit Intermediate Index contains U.S. Government and corporate bonds with maturities above 1 year and an outstanding par value of at least $250 million. It is not possible to invest directly in an index. Bonds have historically been less volatile than stocks, but are sensitive to changes in interest rates. Past performance does not guarantee future results.

7 Investing involves risk, including potential for loss.

8 Asset allocation does not assure a profit or protect against loss.

2

Portfolio Summary

State Farm Variable Product Trust Large Cap Equity Fund

Fund Composition*

(unaudited)

* Illustrated by sector and based on total net assets as of June 30, 2013. Please refer to the Schedule of Investments later in this report for details concerning Fund holdings.

State Farm Variable Product Trust Small/Mid Cap Equity Fund

Fund Composition*

(unaudited)

* Illustrated by sector and based on total net assets as of June 30, 2013. Please refer to the Schedule of Investments later in this report for details concerning Fund holdings.

State Farm Variable Product Trust International Equity Fund

Fund Composition*

(unaudited)

* Illustrated by country and based on total net assets as of June 30, 2013. Please refer to the Schedule of Investments later in this report for details concerning Fund holdings.

** Represents 13 other countries each of which represents less than 2.00% of net assets.

3

Portfolio Summary (continued)

State Farm Variable Product Trust Large Cap Equity Index Fund

Fund Composition*

(unaudited)

* Illustrated by sector and based on total net assets as of June 30, 2013. Please refer to the Schedule of Investments later in this report for details concerning Fund holdings.

State Farm Variable Product Trust Small Cap Equity Index Fund

Fund Composition*

(unaudited)

* Illustrated by sector and based on total net assets as of June 30, 2013. Please refer to the Schedule of Investments later in this report for details concerning Fund holdings.

State Farm Variable Product Trust International Equity Index Fund

Fund Composition*

(unaudited)

* Illustrated by country and based on total net assets as of June 30, 2013. Please refer to the Schedule of Investments later in this report for details concerning Fund holdings.

** Represents 13 other countries each of which represents less than 2.00% of net assets.

4

Portfolio Summary (continued)

State Farm Variable Product Trust Stock and Bond Balanced Fund

Fund Composition*

(unaudited)

* Illustrated by type of security and based on total net assets as of June 30, 2013. Please refer to the Schedule of Investments later in this report for details concerning Fund holdings.

State Farm Variable Product Trust Bond Fund

Fund Composition*

(unaudited)

* Illustrated by type of security and based on total net assets as of June 30, 2013. Please refer to the Schedule of Investments later in this report for details concerning Fund holdings.

State Farm Variable Product Trust Money Market Fund

Fund Composition*

(unaudited)

* Illustrated by type of security and based on total investments as of June 30, 2013. Please refer to the Schedule of Investments later in this report for details concerning Fund holdings.

5

Expense Example (unaudited)¹

As a shareholder of a Fund, you incur ongoing costs, including management fees and other Fund expenses. The Example in the following table is intended to help you understand your ongoing costs (in dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period as stated in the table for each Fund.

Actual Expenses

The first line under each Fund name in the table below provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value for a Fund by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses Paid During Period” for the applicable Fund to estimate the expenses you paid on your account for that Fund during this period. If your account has multiple Fund positions, add up the results calculated for each Fund position within your account to estimate the expenses you paid on your total account value.

Hypothetical Example for Comparison Purposes

The second line under each Fund name in the table below provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only. Therefore, the second line under each Fund name in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds, including those that have transactional costs, such as sales charges (loads), redemptions fees, or exchange fees.

	Beginning Account Value January 1,  2013		Ending Account Value June 30, 2013		Annualized Expense Ratio Based on the  Period January 1, 2013 to June 30, 2013			Expenses Paid During Period January 1, 2013 to June 30, 20132
Large Cap Equity Fund
Actual		1,000.00		1,146.34		0.70	%		3.73
Hypothetical (5% return before expenses)		1,000.00		1,021.32		0.70	%		3.51
Small/Mid Cap Equity Fund
Actual		1,000.00		1,151.00		0.90	%		4.80
Hypothetical (5% return before expenses)		1,000.00		1,020.33		0.90	%		4.51
International Equity Fund
Actual		1,000.00		1,017.42		1.00	%		5.00
Hypothetical (5% return before expenses)		1,000.00		1,019.84		1.00	%		5.01
Large Cap Equity Index Fund
Actual		1,000.00		1,136.88		0.29	%		1.54
Hypothetical (5% return before expenses)		1,000.00		1,023.36		0.29	%		1.45
Small Cap Equity Index Fund
Actual		1,000.00		1,155.76		0.49	%		2.62
Hypothetical (5% return before expenses)		1,000.00		1,022.36		0.49	%		2.46
International Equity Index Fund
Actual		1,000.00		1,031.20		0.67	%		3.37
Hypothetical (5% return before expenses)		1,000.00		1,021.47		0.67	%		3.36
Stock and Bond Balanced Fund3
Actual		1,000.00		1,072.37		0.41	%		2.11
Hypothetical (5% return before expenses)		1,000.00		1,022.76		0.41	%		2.06

6

	Beginning Account Value January 1, 2013		Ending Account Value June 30, 2013		Annualized Expense Ratio Based on the Period January 1, 2013 to June 30, 2013			Expenses Paid During Period January 1, 2013 to June 30, 20132
Bond Fund
Actual		1,000.00		975.64		0.58	%		2.84
Hypothetical (5% return before expenses)		1,000.00		1,021.92		0.58	%		2.91
Money Market Fund
Actual		1,000.00		1,000.00		0.10	%		0.50
Hypothetical (5% return before expenses)		1,000.00		1,024.30		0.10	%		0.50

1 This expense example reflects only the underlying Fund fees. As an owner of an interest in an Account, you do not directly own shares of an underlying Fund. Instead, you allocate premiums to a subaccount of the Account and the subaccount invests in a corresponding Fund of the State Farm Variable Product Trust. Your ownership interest in an Account also is subject to contract level fees and expenses that are not included in this expense example.

2 Expenses are equal to the Fund’s annualized expense ratio (provided in the table), multiplied by the average account value over the period multiplied by 181/365 (to reflect the one-half period).

3 Expenses for the Stock and Bond Balanced Fund equal 60% of the Large Cap Equity Index Fund expenses plus 40% of the Bond Fund expenses. The Stock and Bond Balanced Fund targets a 60%/40% investment ratio between the Large Cap Equity Index Fund and the Bond Fund. This ratio may vary slightly from 60%/ 40% throughout the year.

7

Board Approval of Investment Advisory and Sub-Advisory Agreements

At a meeting of the Board of Trustees (the “Board”) of State Farm Variable Product Trust (“Variable Product Trust”) held on June 14, 2013, all of the Trustees present, including those Trustees present who were not interested persons of Variable Product Trust as defined by Section 2(a)(19) of the Investment Company Act of 1940, as amended (the “Independent Trustees”), considered whether (i) to approve continuation of the Investment Advisory and Management Services Agreement between State Farm Investment Management Corp. (“SFIMC”) and Variable Product Trust (the “Advisory Agreement”), on behalf of its nine separate series (each a “Fund,” and together the “Funds”), (ii) to approve continuation of the Investment Sub-Advisory Agreement between SFIMC, Variable Product Trust, and BlackRock Fund Advisors (“BlackRock”) with respect to the Large Cap Equity Index Fund, the Small Cap Equity Index Fund and the International Equity Index Fund, (iii) to approve continuation of the Investment Sub-Advisory Agreement between SFIMC, Variable Product Trust and Westwood Management Corp. (“Westwood”) with respect to the Large Cap Equity Fund, (iv) to approve continuation of the Investment Sub-Advisory Agreement between SFIMC, Variable Product Trust and Marsico Capital Management, LLC (“Marsico”) with respect to the International Equity Fund, (v) to approve continuation of the Investment Sub-Advisory Agreement between SFIMC, Variable Product Trust and Northern Cross, LLC (“Northern Cross”) with respect to the International Equity Fund, (vi) to approve continuation of the Investment Sub-Advisory Agreement between SFIMC, Variable Product Trust and Bridgeway Capital Management, Inc. (“Bridgeway”) with respect to the Small/Mid Cap Equity Fund and the Large Cap Equity Fund, and, (vii) to approve continuation of the Investment Sub-Advisory Agreement between SFIMC, Variable Product Trust and Rainier Investment Management, Inc. (“Rainier”) with respect to the Small/Mid Cap Equity Fund. Together the sub-advisory agreements between SFIMC and BlackRock, Westwood, Marsico, Northern Cross, Bridgeway and Rainier will be referred to as the “Sub-Advisory Agreements.”

Pursuant to the Sub-Advisory Agreements, SFIMC has hired sub-advisers for six of the Funds. Each sub-adviser is responsible for the day-to-day management of the investments or a portion of the investments of the applicable Fund.

The six sub-advised Funds and their sub-advisers are listed below:

Fund	Sub-Adviser(s)
Large Cap Equity Fund	Westwood and Bridgeway
Small/Mid Cap Equity Fund	Bridgeway and Rainier
International Equity Fund	Marsico and Northern Cross
Large Cap Equity Index Fund	BlackRock
Small Cap Equity Index Fund	BlackRock
International Equity Index Fund	BlackRock

Prior to the June 14, 2013 meeting, independent legal counsel to the Independent Trustees sent BlackRock, Westwood, Marsico, Northern Cross, Bridgeway and Rainier (collectively the “Sub-Advisers”) and SFIMC a request for information to be provided to the Board prior to the Board’s consideration of continuing the Advisory Agreement and the Sub-Advisory Agreements. The Sub-Advisers and SFIMC provided materials to the Board responding to those requests during the first quarter of the year.

At the Board’s request, SFIMC subsequently provided the Board with additional information that the Board believed would be useful to the Board in evaluating whether to approve continuation of the Advisory Agreement and the Sub-Advisory Agreements. Prior to the June 14th meeting, the Board also received a report prepared by Strategic Insight, an independent fund tracking organization (the “Strategic Insight Report”), relating to the performance and expenses of the Funds. In addition, the Board received and reviewed a memorandum from legal counsel to Variable Product Trust and its Independent Trustees regarding their responsibilities (particularly the Independent Trustees’ responsibilities) in considering the continuation of the Advisory and Sub-Advisory Agreements.

The Independent Trustees of Variable Product Trust also reviewed contract review materials at meetings held on March 15, 2013 and May 29, 2013, during which SFIMC management responded to specific questions from the Independent Trustees and provided follow-up information. The Board also considered information received throughout the year. The Independent Trustees discussed all of this material extensively among themselves and with their independent legal counsel, and with the other Board members, after which the Board considered various factors described below, no one of which alone was considered dispositive. However, the material factors and conclusions that formed the basis for the Board’s determination to approve the continuation of the agreements are discussed separately below.

Investment Performance

The Board considered each Fund’s investment performance. Among other things, the Board examined the performance of each Fund over various time periods as compared to the performance of one or more benchmark indexes including returns for the appropriate Morningstar Category Average composite, which includes all open-end funds within that category as assigned by Morningstar, Inc., without any modifications.

8

The Board considered that the performance of the Large Cap Equity Index Fund, the Small Cap Equity Index Fund and the International Equity Index Fund closely tracked the performance of their benchmark indexes, excluding Fund expenses, and concluded that the performance of these three Funds over the periods reviewed was acceptable.

The Board considered the performance of the Large Cap Equity Fund and the Small/Mid Cap Equity Fund, including as compared to applicable benchmarks. SFIMC management explained to the Board that the relative performance of these Funds lagged during the five-year time period ending March 31, 2013, but had shown signs of improvement in the three-year time period ending March 31, 2013. SFIMC explained to the Board that the underperformance of these Funds over the five-year time frame may have resulted from the market environment generally rewarding investors in low-quality, high-risk securities, an investment strategy generally not followed by these Funds. The Board considered that the International Equity Fund had outperformed its Morningstar Category Average composite over the three-year period. The Board concluded that the performance of these three Funds over the periods reviewed was acceptable.

The Board reviewed the performance of the Bond Fund. The performance of the Bond Fund lagged the Morningstar Category Average composite over the 3-year time frame. SFIMC explained that this underperformance may have resulted from the market environment where higher-risk, lower credit-quality bonds outperformed relative to the lower-risk, higher credit-quality bonds. After extensive discussion of this and other performance information, including the Fund’s outperforming its benchmark for the five-year time frame, the Board concluded that the investment performance of the Bond Fund over the periods reviewed was acceptable.

The Board reviewed the performance of the Money Market Fund and the Stock and Bond Balanced Fund. The Strategic Insight Report indicated that the overall recent performance of those Funds was competitive with each Fund’s benchmarks. After extensive discussion of this and other performance information, the Board concluded that the investment performance of these Funds over the periods reviewed was acceptable.

Fees and Expenses

The Board examined the fee structure and expense ratio of each Fund, including in comparison to a peer group of funds with comparable investment objectives, investment strategies, asset size and load structures. SFIMC management explained that to maintain a stable $1.00/share net asset value for the Money Market Fund, SFIMC has continued waiving fees it is entitled to receive from that Fund. SFIMC management also previously had explained the extent of the services provided by the State Farm Life Insurance Companies to the Funds. The State Farm Life Insurance Companies sponsor the separate accounts to which the Funds are sold. The Board also took note that SFIMC did not manage any institutional client, and that it only manages the Funds, and the assets of other State Farm-sponsored mutual funds. In connection with examining the fee structure and expense ratio of each Fund, the Board also considered the amount of profits earned (or losses incurred) by SFIMC in providing advisory services to each Fund, as well as the methodology by which that profit (or loss) was calculated. The Board concluded that the advisory and sub-advisory fees which directly or indirectly are part of each Fund’s fee structure and expense ratio were reasonable.

The Board examined the fees that SFIMC pays to each Sub-Adviser pursuant to the Sub-Advisory Agreements, including the breakpoints in fees that result when a Fund’s assets increase. SFIMC management indicated to the Board its belief that the sub-advisory fees were competitive in the marketplace. After considering this information, the Board concluded that the sub-advisory fees were reasonable.

Nature, Extent and Quality of Services

The Board considered the nature, extent and quality of the advisory and sub-advisory services provided by SFIMC and the Sub-Advisers to the Funds, as applicable. The Board considered the general reputation, financial resources, and business activities of SFIMC and each Sub-Adviser, as well as the education and experience of the teams responsible for managing the Funds at each organization, and concluded that each organization’s investment management team has a satisfactory, long-term track record. After considering all of this information, the Board concluded that SFIMC and the Sub-Advisers each had more than sufficient resources and expertise to continue to manage or sub-advise the Funds, and that given the past experience of each, these organizations would be able to continue to provide satisfactory services to Variable Product Trust. Finally, the Board considered the view of Variable Product Trust’s Chief Compliance Officer that the compliance policies and procedures of SFIMC and the Sub-Advisers were reasonably designed to prevent and detect violations of the federal securities laws.

9

Economies of Scale/Other Benefits

Economies of scale for the benefit of Fund shareholders can occur when there are reductions in the levels of the investment advisory fee payable by a Fund as the Fund increases in size (an arrangement commonly known as “breakpoints”) or when a Fund’s fixed costs are spread over a larger asset base. Economies of scale for the benefit of Fund shareholders result in a decrease in a Fund’s expenses per unit, such as per dollar invested. Because SFIMC’s investment advisory fees charged to the Funds within Variable Product Trust currently do not include breakpoints and because SFIMC management currently does not anticipate a significant increase in the amount of assets of any Fund, economies of scale for the benefit of Fund shareholders was not a significant factor in the Board’s decision to approve continuation of the Advisory Agreement or the Sub-Advisory Agreements. SFIMC management does not anticipate significant increases in the Funds’ assets because State Farm currently is not selling new variable insurance policies, the separate accounts of which invest in the Funds. Any potential future growth of Fund assets could result from market appreciation of the Funds’ assets, existing State Farm variable insurance policyholders’ making additional or new contributions into those policies and/or State Farm beginning to market new variable insurance policies that utilize the Funds as underlying investment options.

The Board next discussed whether SFIMC or a Sub-Adviser derives any other direct or indirect benefits from serving as investment adviser or investment sub-adviser to the Funds. SFIMC indicated to the Board that it was not aware of any ancillary or other benefits (other than fees) that these organizations (and each organization’s respective affiliates, if any) receive for providing various services to Variable Product Trust, particularly because these organizations do not execute securities trades on behalf of the Funds through an affiliated broker-dealer. The Board concluded that the lack of any ancillary or so-called “fallout” benefits enables SFIMC and the Sub-Advisers to manage assets of the Funds in a manner that appears to be free of conflicts of interest.

Based on the Board’s deliberations and their evaluation of the information provided by SFIMC and the Sub-Advisers, the Board, including all of the Independent Trustees present at the Board meeting, unanimously approved the:

• Continuation of the Advisory Agreement for all Funds through June 30, 2014, and

• Continuation of each Sub-Advisory Agreement through June 30, 2014.

10

STATE FARM VARIABLE PRODUCT TRUST LARGE CAP EQUITY FUND

SCHEDULE OF INVESTMENTS

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (98.39%)
Consumer Discretionary (16.11%)
Advance Auto Parts Inc.		7,065	$	573,466
Amazon.com Inc. (a)		800		222,152
Chipotle Mexican Grill Inc. (a)		500		182,175
Comcast Corp. Class A		17,400		728,712
Delphi Automotive PLC		6,700		339,623
Dollar Tree Inc. (a)		2,600		132,184
Ford Motor Co.		17,900		276,913
GAP Inc., The		5,900		246,207
H&R Block Inc.		6,800		188,700
Hanesbrands Inc.		4,500		231,390
Home Depot Inc., The		4,300		333,121
McDonald’s Corp.		2,600		257,400
PetSmart Inc.		1,500		100,485
Polaris Industries Inc.		7,400		703,000
PVH Corp.		1,800		225,090
Ross Stores Inc.		3,000		194,430
Sally Beauty Holdings Inc. (a)		8,200		255,020
Starbucks Corp.		3,700		242,313
Target Corp.		6,800		468,248
Time Warner Inc.		4,400		254,408
TJX Companies Inc.		6,000		300,360
Tractor Supply Co.		1,600		188,176
Ulta Salon, Cosmetics & Fragrance Inc. (a)		2,400		240,384
Viacom Inc. Class B		7,400		503,570
Walt Disney Co., The		3,900		246,285
				7,633,812
Consumer Staples (12.29%)
Brown-Forman Corp. Class B		4,200		283,710
Church & Dwight Co. Inc.		4,000		246,840
Coca-Cola Co., The		6,000		240,660
Colgate-Palmolive Co.		11,800		676,022
Costco Wholesale Corp.		2,500		276,425
CVS Caremark Corp.		8,800		503,184
General Mills Inc.		12,400		601,772
Herbalife Ltd.		3,000		135,420
Hershey Co., The		2,800		249,984
Kimberly-Clark Corp.		2,900		281,706
Kroger Co., The		6,500		224,510
McCormick & Company Inc.		6,300		443,268
Monster Beverage Corp. (a)		3,500		212,695
PepsiCo Inc.		5,800		474,382
Procter & Gamble Co., The		2,800		215,572
Safeway Inc.		11,700		276,822
Wal-Mart Stores Inc.		2,900		216,021
Whole Foods Market Inc.		5,200		267,696
				5,826,689
Energy (7.17%)
Anadarko Petroleum Corp.		5,500		472,615
Chevron Corp.		5,100		603,534
ConocoPhillips		2,800		169,400
Diamond Offshore Drilling Inc.		2,100		144,459
EQT Corp.		2,900		230,173
Exxon Mobil Corp.		5,100		460,785

	Shares		Value
Common Stocks (Cont.)
Energy (Cont.)
HollyFrontier Corp.		4,400	$	188,232
Marathon Oil Corp.		6,600		228,228
Marathon Petroleum Corp.		2,600		184,756
Occidental Petroleum Corp.		5,600		499,688
Schlumberger Ltd.		3,000		214,980
				3,396,850
Financials (15.13%)
ACE Ltd.		5,000		447,400
Allstate Corp., The		5,200		250,224
American International Group Inc. (a)		16,300		728,610
American Tower Corp.		2,700		197,559
Ameriprise Financial Inc.		3,500		283,080
Arch Capital Group Ltd. (a)		4,900		251,909
Bank of America Corp.		35,400		455,244
Capital One Financial Corp.		7,900		496,199
CIT Group Inc. (a)		9,600		447,648
Discover Financial Services		7,000		333,480
Hartford Financial Services Group Inc., The		15,300		473,076
JPMorgan Chase & Co.		13,700		723,223
MetLife Inc.		5,100		233,376
Moody’s Corp.		4,300		261,999
U.S. Bancorp		3,800		137,370
Ventas Inc.		6,700		465,382
Wells Fargo & Co.		18,500		763,495
Weyerhaeuser Co.		7,700		219,373
				7,168,647
Health Care (12.70%)
Abbott Laboratories		10,300		359,264
AbbVie Inc.		3,700		152,958
Allergan Inc.		2,200		185,328
Amgen Inc.		2,600		256,516
Baxter International Inc.		6,400		443,328
Celgene Corp. (a)		2,700		315,657
Covidien PLC		7,400		465,016
DaVita HealthCare Partners Inc. (a)		5,900		712,720
Express Scripts Holding Co. (a)		7,400		456,506
HCA Holdings Inc.		8,100		292,086
Johnson & Johnson		4,200		360,612
McKesson Corp.		2,200		251,900
Novartis AG ADR		3,300		233,343
Pfizer Inc.		7,900		221,279
Regeneron Pharmaceuticals Inc. (a)		1,800		404,784
Tenet Healthcare Corp. (a)		5,100		235,110
United Therapeutics Corp. (a)		2,900		190,878
Varian Medical Systems Inc. (a)		3,400		229,330
Waters Corp. (a)		2,500		250,125
				6,016,740
Industrials (11.24%)
Boeing Co., The		4,400		450,736
Cintas Corp.		5,100		232,254
CSX Corp.		7,400		171,606

See accompanying notes to financial statements. 11

STATE FARM VARIABLE PRODUCT TRUST LARGE CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Industrials (Cont.)
Delta Air Lines Inc. (a)		14,700	$	275,037
Equifax Inc.		7,400		436,082
Fastenal Co.		3,900		178,815
General Dynamics Corp.		3,200		250,656
Hertz Global Holdings Inc. (a)		10,000		248,000
Honeywell International Inc.		6,100		483,974
Precision Castparts Corp.		1,200		271,212
Snap-on Inc.		2,700		241,326
Southwest Airlines Co.		22,700		292,603
Tyco International Ltd.		7,400		243,830
Union Pacific Corp.		5,100		786,828
United Continental Holdings Inc. (a)		9,500		297,255
United Technologies Corp.		5,000		464,700
				5,324,914
Information Technology (16.63%)
Accenture PLC Class A		11,400		820,344
Alliance Data Systems Corp. (a)		2,300		416,369
Apple Inc.		1,400		554,512
Cisco Systems Inc.		10,900		264,979
EMC Corp.		10,100		238,562
Fiserv Inc. (a)		2,600		227,266
Gartner Inc. (a)		4,300		245,057
Google Inc. Class A (a)		350		308,130
International Business Machines Corp.		1,900		363,109
Intuit Inc.		4,500		274,635
LinkedIn Corp. Class A (a)		1,700		303,110
MasterCard Inc. Class A		400		229,800
Microsoft Corp.		14,000		483,420
NetSuite Inc. (a)		3,200		293,568
Oracle Corp.		21,200		651,264
Paychex Inc.		6,900		251,988
QUALCOMM Inc.		7,400		451,992
Rackspace Hosting Inc. (a)		3,300		125,037
Seagate Technology PLC		7,800		349,674
Visa Inc. Class A		1,400		255,850
Western Digital Corp.		6,400		397,376
Western Union Co.		14,900		254,939
Xilinx Inc.		3,100		122,790
				7,883,771
Materials (4.57%)
CF Industries Holdings Inc.		1,000		171,500
LyondellBasell Industries NV Class A		3,800		251,788
Rock Tenn Co. Class A		2,500		249,700
Sherwin-Williams Co., The		3,000		529,800
Sigma-Aldrich Corp.		5,600		450,016
Valspar Corp., The		3,500		226,345
Westlake Chemical Corp.		3,000		289,230
				2,168,379
Telecommunication Services (1.54%)
AT&T Inc.		13,100		463,740

	Shares		Value
Common Stocks (Cont.)
Telecommunication Services (Cont.)
Verizon Communications Inc.		5,300	$	266,802
				730,542
Utilities (1.01%)
NextEra Energy Inc.		5,900		480,732
Total Common Stocks
(cost $37,783,339)				46,631,076
Short-term Investments (0.99%)
JPMorgan U.S. Government Money Market Fund		469,158		469,158
Total Short-term Investments
(cost $469,158)				469,158
TOTAL INVESTMENTS (99.38%)
(cost $38,252,497)				47,100,234
OTHER ASSETS, NET OF LIABILITIES (0.62%)				292,740
NET ASSETS (100.00%)			$	47,392,974

(a) Non-income producing security.

ADR – American Depositary Receipt

12 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL/MID CAP EQUITY FUND

SCHEDULE OF INVESTMENT

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (98.61%)
Consumer Discretionary (18.31%)
AMC Networks Inc. Class A (a)		5,140	$	336,207
Arctic Cat Inc.		6,800		305,864
Brinker International Inc.		2,370		93,449
Brown Shoe Company Inc.		14,300		307,879
Cabela’s Inc. (a)		5,000		323,800
Conn’s Inc. (a)		12,300		636,648
Dillard’s Inc. Class A		4,580		375,423
Discovery Communications Inc. Class A (a)		3,850		297,258
Dunkin’ Brands Group Inc.		7,070		302,737
Expedia Inc.		4,380		263,457
GNC Holdings Inc. Class A		5,870		259,513
Hovnanian Enterprises Inc. Class A (a)		74,000		415,140
LIN TV Corp. Class A (a)		24,800		379,440
Lions Gate Entertainment Corp. (a)		9,380		257,669
M/I Homes Inc. (a)		13,100		300,776
Macy’s Inc.		3,090		148,320
Madison Square Garden Co. Class A, The (a)		2,100		124,425
Men’s Wearhouse Inc., The		8,700		329,295
Meritage Homes Corp. (a)		5,900		255,824
Michael Kors Holdings Ltd. (a)		3,430		212,729
Mohawk Industries Inc. (a)		3,280		368,967
Nexstar Broadcasting Group Inc. Class A		10,400		368,784
Norwegian Cruise Line Holdings Ltd. (a)		5,880		178,223
PetSmart Inc.		3,260		218,387
Pool Corp.		3,510		183,959
PulteGroup Inc. (a)		14,900		282,653
Ryland Group Inc., The		8,000		320,800
Sinclair Broadcast Group Inc. Class A		14,300		420,134
Sotheby’s		2,610		98,945
Standard Motor Products Inc.		9,600		329,664
Tractor Supply Co.		1,880		221,107
TripAdvisor Inc. (a)		2,410		146,697
Ulta Salon, Cosmetics & Fragrance Inc. (a)		1,690		169,270
Under Armour Inc. Class A (a)		2,570		153,455
Urban Outfitters Inc. (a)		4,340		174,555
				9,561,453
Consumer Staples (4.64%)
Cal-Maine Foods Inc.		5,800		269,758
Church & Dwight Co. Inc.		3,500		215,985
ConAgra Foods Inc.		3,530		123,303
Coty Inc. Class A (a)		6,300		108,234
Fresh Del Monte Produce Inc.		8,800		245,344
Hain Celestial Group Inc., The (a)		2,340		152,030
Lancaster Colony Corp.		1,360		106,066
Nash Finch Co.		7,600		167,276
Pantry Inc., The (a)		14,100		171,738
Pilgrim’s Pride Corp. (a)		7,760		115,934
Safeway Inc.		9,110		215,543
Susser Holdings Corp. (a)		6,400		306,432

	Shares		Value
Common Stocks (Cont.)
Consumer Staples (Cont.)
Weis Markets Inc.		5,000	$	225,350
				2,422,993
Energy (8.09%)
Bristow Group Inc.		4,400		287,408
Cameron International Corp. (a)		3,160		193,266
Cloud Peak Energy Inc. (a)		12,100		199,408
Continental Resources Inc. (a)		6,220		535,293
Exterran Holdings Inc. (a)		10,700		300,884
FMC Technologies Inc. (a)		2,030		113,030
Green Plains Renewable Energy Inc. (a)		14,900		198,468
Helix Energy Solutions Group Inc. (a)		13,500		311,040
Noble Energy Inc.		2,030		121,881
Oasis Petroleum Inc. (a)		4,510		175,304
Oceaneering International Inc.		2,400		173,280
Pioneer Energy Services Corp. (a)		19,900		131,738
Renewable Energy Group Inc. (a)		28,500		405,555
Rosetta Resources Inc. (a)		5,930		252,144
SM Energy Co.		2,460		147,551
Stone Energy Corp. (a)		11,400		251,142
Swift Energy Co. (a)		3,100		37,169
Western Refining Inc.		11,300		317,191
Westmoreland Coal Co. (a)		6,400		71,872
				4,223,624
Financials (24.96%)
Affiliated Managers Group Inc. (a)		1,480		242,631
Agree Realty Corp.		4,800		141,696
Argo Group International Holdings Ltd.		5,390		228,482
Armour Residential REIT Inc.		28,100		132,351
BioMed Realty Trust Inc.		5,430		109,849
Brookline Bancorp Inc.		25,900		224,812
Brown & Brown Inc.		6,500		209,560
Calamos Asset Management Inc. Class A		6,700		70,350
CBRE Group Inc. (a)		5,530		129,181
CIT Group Inc. (a)		2,670		124,502
Community Bank System Inc.		8,400		259,140
DCT Industrial Trust Inc.		35,000		250,250
Dime Community Bancshares		14,300		219,076
Discover Financial Services		5,530		263,449
Education Realty Trust Inc.		18,900		193,347
First American Financial Corp.		11,300		249,052
First Industrial Realty Trust Inc.		16,400		248,788
First Republic Bank		3,990		153,535
Franklin Financial Corp.		4,100		73,841
Geo Group Inc., The		7,300		247,835
Gramercy Property Trust Inc. (a)		46,300		208,350
Hartford Financial Services Group Inc., The		8,210		253,853
HCI Group Inc.		8,900		273,408
Heritage Financial Corp.		4,400		64,460
Interactive Brokers Group Inc. Class A		10,000		159,700

See accompanying notes to financial statements. 13

STATE FARM VARIABLE PRODUCT TRUST SMALL/MID CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
IntercontinentalExchange Inc. (a)		1,050	$	186,648
Invesco Ltd.		10,870		345,666
iStar Financial Inc. (a)		24,300		274,347
Jones Lang LaSalle Inc.		4,620		421,067
LaSalle Hotel Properties		3,840		94,848
Merchants Bancshares Inc.		2,200		65,054
Mid-America Apartment Communities Inc.		4,620		313,097
National Retail Properties Inc.		6,500		223,600
Northwest Bancshares Inc.		23,300		314,783
Ocwen Financial Corp. (a)		8,540		352,019
Omega Healthcare Investors Inc.		8,390		260,258
OmniAmerican Bancorp Inc. (a)		3,100		68,293
One Liberty Properties Inc.		11,963		262,707
Oritani Financial Corp.		9,800		153,664
Piper Jaffray Companies Inc. (a)		6,100		192,821
Platinum Underwriters Holdings Ltd.		5,600		320,432
Primerica Inc.		9,100		340,704
ProAssurance Corp.		5,400		281,664
Raymond James Financial Inc.		5,280		226,934
Renasant Corp.		6,100		148,474
Retail Opportunity Investments Corp.		18,400		255,760
RLI Corp.		3,000		229,230
Rockville Financial Inc.		9,000		117,720
Sabra Health Care REIT Inc.		5,300		138,383
Selective Insurance Group Inc.		12,200		280,844
Signature Bank (a)		2,520		209,210
Stewart Information Services Corp.		5,200		136,188
Susquehanna Bancshares Inc.		21,600		277,560
Symetra Financial Corp.		16,200		259,038
Taylor Capital Group Inc. (a)		12,300		207,747
Trustmark Corp.		10,700		263,006
United Fire Group Inc.		5,500		136,565
Universal Insurance Holdings Inc.		18,400		130,272
Weingarten Realty Investors		5,021		154,496
Weyerhaeuser Co.		9,070		258,404
Wintrust Financial Corp.		7,200		275,617
Zions Bancorporation		4,320		124,763
				13,033,381
Health Care (8.57%)
Actavis Inc. (a)		1,840		232,245
Albany Molecular Research Inc. (a)		26,900		319,303
AMN Healthcare Services Inc. (a)		23,400		335,088
ARIAD Pharmaceuticals Inc. (a)		9,760		170,702
BioMarin Pharmaceutical Inc. (a)		2,890		161,233
Catamaran Corp. (a)		4,990		243,113
Cooper Companies Inc., The		1,400		166,670
DaVita HealthCare Partners Inc. (a)		2,220		268,176
Illumina Inc. (a)		4,660		348,754
Kindred Healthcare Inc. (a)		24,500		321,685
Medivation Inc. (a)		4,590		225,828
Onyx Pharmaceuticals Inc. (a)		2,050		177,981
PDL BioPharma Inc.		30,900		238,548
Perrigo Co.		3,260		394,460
Salix Pharmaceuticals Ltd. (a)		2,820		186,543

	Shares		Value
Common Stocks (Cont.)
Health Care (Cont.)
Shire PLC ADR		1,460	$	138,861
Sirona Dental Systems Inc. (a)		740		48,751
Triple-S Management Corp. Class B (a)		5,300		113,791
Zoetis Inc.		12,360		381,800
				4,473,532
Industrials (15.49%)
A.O. Smith Corp.		2,350		85,258
Air Lease Corp.		7,390		203,890
Alaska Air Group Inc. (a)		2,280		118,560
AMERCO		2,300		372,370
American Woodmark Corp. (a)		8,100		281,070
AMETEK Inc.		3,045		128,804
B/E Aerospace Inc. (a)		6,660		420,113
CBIZ Inc. (a)		14,900		99,979
Cenveo Inc. (a)		42,500		90,525
Chicago Bridge & Iron Co. N.V. NY Reg. Shares		4,750		283,385
Consolidated Graphics Inc. (a)		7,000		329,070
Delta Air Lines Inc. (a)		7,690		143,880
Fortune Brands Home & Security Inc.		11,050		428,077
Genesee & Wyoming Inc. Class A (a)		2,810		238,400
H&E Equipment Services Inc.		12,900		271,803
Hawaiian Holdings Inc. (a)		38,100		232,791
Heartland Express Inc.		15,500		214,985
Hertz Global Holdings Inc. (a)		15,780		391,344
Kansas City Southern		1,360		144,106
Pacer International Inc. (a)		16,200		102,222
Precision Castparts Corp.		1,205		272,342
Quanta Services Inc. (a)		13,600		359,856
Republic Airways Holdings Inc. (a)		33,100		375,023
Saia Inc. (a)		16,650		499,000
Standex International Corp.		2,900		152,975
Stericycle Inc. (a)		1,470		162,332
Terex Corp. (a)		560		14,728
Towers Watson & Co. Class A		2,010		164,699
Triumph Group Inc.		5,000		395,750
United Rentals Inc. (a)		8,390		418,745
US Airways Group Inc. (a)		14,500		238,090
Verisk Analytics Inc. Class A (a)		1,970		117,609
W.W. Grainger Inc.		570		143,743
Wabtec Corp.		3,530		188,608
				8,084,132
Information Technology (12.20%)
Alliance Data Systems Corp. (a)		950		171,978
Amkor Technology Inc. (a)		35,200		148,192
Amphenol Corp. Class A		2,280		177,703
Autodesk Inc. (a)		2,880		97,747
Avago Technologies Ltd.		3,720		139,054
CACI International Inc. Class A (a)		3,500		222,215
Cadence Design Systems Inc. (a)		20,920		302,922
Citrix Systems Inc. (a)		4,410		266,055
CommVault Systems Inc. (a)		2,170		164,681
Concur Technologies Inc. (a)		310		25,228

14 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL/MID CAP EQUITY FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Information Technology (Cont.)
Equinix Inc. (a)		1,520	$	280,774
Fortinet Inc. (a)		11,140		194,950
Gartner Inc. (a)		2,230		127,088
Insight Enterprises Inc. (a)		14,700		260,778
j2 Global Inc.		7,500		318,825
JDS Uniphase Corp. (a)		8,770		126,113
LinkedIn Corp. Class A (a)		1,600		285,280
Maxim Integrated Products Inc.		7,510		208,628
Microchip Technology Inc.		3,380		125,905
NCR Corp. (a)		6,720		221,693
NXP Semiconductors NV (a)		5,680		175,966
PC Connection Inc.		8,400		129,780
Plexus Corp. (a)		9,900		295,911
Red Hat Inc. (a)		1,600		76,512
Sanmina Corp. (a)		20,400		292,740
Silicon Graphics International Corp. (a)		16,600		222,108
SolarWinds Inc. (a)		3,270		126,909
Symmetricom Inc. (a)		16,600		74,534
Teradata Corp. (a)		3,160		158,727
Trimble Navigation Ltd. (a)		8,230		214,062
Unisys Corp. (a)		14,100		311,187
Vantiv Inc. Class A (a)		10,360		285,936
WEX Inc. (a)		1,790		137,293
				6,367,474
Materials (4.37%)
Eagle Materials Inc.		1,790		118,623
Ecolab Inc.		2,480		211,271
Landec Corp. (a)		20,600		272,126
Martin Marietta Materials Inc.		1,960		192,903
Neenah Paper Inc.		7,900		250,983
P. H. Glatfelter Co.		12,100		303,710
Packaging Corporation of America		3,330		163,037
Rock Tenn Co. Class A		1,260		125,849
Sensient Technologies Corp.		7,000		283,290
Tredegar Corp.		9,900		254,430
Valspar Corp., The		1,590		102,825
				2,279,047
Telecommunication Services (0.41%)
SBA Communications Corp. Class A (a)		770		57,072
Vonage Holdings Corp. (a)		55,100		155,933
				213,005
Utilities (1.57%)
American States Water Co.		5,400		289,818
Aqua America Inc.		8,550		267,530
Otter Tail Corp.		9,300		264,120
				821,468
Total Common Stocks
(cost $43,358,928)				51,480,109

	Shares		Value
Registered Investment Companies (0.66%)
Financials (0.66%)
Fidus Investment Corp.		5,600	$	104,776
Fifth Street Finance Corp.		22,900		239,305
Total Registered Investment Companies
(cost $331,729)				344,081
Short-term Investments (0.33%)
JPMorgan U.S. Government Money Market Fund		173,267		173,267
Total Short-term Investments
(cost $173,267)				173,267
TOTAL INVESTMENTS (99.60%)
(cost $43,863,924)				51,997,457
OTHER ASSETS, NET OF LIABILITIES (0.40%)				210,074
NET ASSETS (100.00%)			$	52,207,531

(a) Non-income producing security.

ADR - American Depositary Receipt

See accompanying notes to financial statements. 15

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (a) (96.24%)
Argentina (0.52%)
MercadoLibre Inc.		1,983	$	213,688
Australia (0.73%)
BHP Billiton PLC		11,758		299,803
Austria (0.39%)
Erste Group Bank AG		5,927		157,977
Belgium (2.54%)
Anheuser-Busch InBev NV		11,591		1,043,574
Brazil (0.58%)
Itau Unibanco Holding SA ADR		18,572		239,950
Canada (4.99%)
Barrick Gold Corp.		5,347		84,162
Canadian Pacific Railway Ltd.		7,241		878,050
Dollarama Inc.		3,168		221,732
Imax Corp. (b)		7,813		194,231
Lululemon Athletica Inc. (b)		7,655		501,556
Potash Corporation of Saskatchewan Inc.		4,410		168,153
				2,047,884
China (0.86%)
China Mobile Ltd.		19,500		202,457
PetroChina Company Ltd. H		140,000		151,810
				354,267
Denmark (1.16%)
Novo Nordisk A/S Class B		3,074		477,891
France (8.73%)
Accor SA		5,677		199,551
Air Liquide SA		1,007		124,364
AXA SA		25,017		493,153
Compagnie de Saint-Gobain		4,676		189,474
DANONE SA		4,557		342,998
Essilor International SA		1,155		123,051
JC Decaux SA		6,016		163,755
Legrand SA		4,389		203,497
L’Oreal SA		2,188		359,673
Pernod Ricard SA		3,288		364,948
Sanofi		600		62,028
Schneider Electric SA		9,112		661,774
Unibail-Rodamco SE		1,271		296,022
				3,584,288
Germany (7.91%)
Adidas AG		4,196		453,582
Allianz SE Reg.		2,721		397,161
Bayerische Motoren Werke (BMW) AG		6,700		584,751
Continental AG		2,528		337,005
Daimler AG Registered Shares		4,109		248,056

	Shares		Value
Common Stocks (Cont.)
Germany (Cont.)
Fresenius Medical Care AG & Co. KGaA		1,540	$	109,157
Fresenius SE & Co. KGaA		1,049		129,112
Linde AG		2,296		427,854
SAP AG		5,057		369,277
Wirecard AG		6,938		188,782
				3,244,737
Hong Kong (2.31%)
AIA Group Ltd.		140,200		590,662
Cheung Kong Holdings Ltd.		20,000		269,688
Hang Lung Properties Ltd.		25,000		86,596
				946,946
Ireland (3.15%)
Accenture PLC Class A		7,073		508,973
Ryanair Holdings PLC Sponsored ADR		8,733		450,011
Seagate Technology PLC		7,400		331,742
				1,290,726
Italy (0.72%)
Intesa Sanpaolo		183,288		293,360
Japan (11.17%)
Fanuc Corp.		7,200		1,042,034
Honda Motor Co. Ltd.		18,000		668,690
Japan Tobacco Inc.		13,200		465,927
Komatsu Ltd.		5,700		131,282
Marubeni Corp.		43,000		287,384
Mizuho Financial Group Inc.		218,800		454,380
Rakuten Inc.		26,300		310,997
Seven & I Holdings Co. Ltd.		11,000		402,857
SMC Corp.		1,300		260,618
Takeda Pharmaceutical Company Ltd.		1,000		45,094
Toyota Motor Corp.		8,500		512,702
				4,581,965
Malaysia (1.40%)
Genting Berhad		91,000		299,663
Sime Darby Berhad		90,500		273,645
				573,308
Netherlands (5.30%)
ASML Holding NV		8,583		677,548
Heineken NV		4,129		262,817
Royal Dutch Shell PLC Class A		9,368		299,343
Yandex NV Class A (b)		16,922		467,555
Ziggo NV		11,625		466,943
				2,174,206
Norway (0.64%)
Seadrill Ltd.		6,565		264,414

16 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Singapore (1.95%)
DBS Group Holdings Ltd.		8,230	$	100,142
Global Logistic Properties Ltd.		194,000		419,636
United Overseas Bank Ltd.		17,974		280,683
				800,461
South Africa (1.18%)
Naspers Ltd. N Shares		6,587		486,197
Spain (1.41%)
Banco Bilbao Vizcaya Argentaria SA		46,246		388,645
Banco Santander SA		29,402		188,150
				576,795
Sweden (2.53%)
Atlas Copco AB Class A		15,300		368,758
Investor AB B Shares		8,200		220,095
Sandvik AB		18,227		217,691
Volvo AB B Shares		17,503		233,568
				1,040,112
Switzerland (15.07%)
ABB Ltd. Reg. (b)		13,622		295,079
Compagnie Financiere Richemont SA Class A		4,809		424,097
Holcim Ltd. Reg. (b)		3,841		267,358
Nestle SA Reg.		16,672		1,094,022
Novartis AG		5,005		354,507
Roche Holding AG		5,727		1,421,425
Swatch Group AG, The		761		415,688
Syngenta AG Reg.		1,896		739,362
UBS AG Reg. (b)		68,996		1,171,126
				6,182,664
Taiwan (1.97%)
Taiwan Semiconductor Manufacturing Company Ltd. Sponsored ADR		44,199		809,726
United Kingdom (14.98%)
Anglo American PLC		9,024		173,898
Barclays PLC		97,356		414,614
BG Group PLC		18,926		321,630
British American Tobacco PLC		9,386		481,404
CRH PLC		4,422		89,728
Diageo PLC		38,583		1,106,417
GlaxoSmithKline PLC		13,641		340,973
Glencore Xstrata PLC		37,077		153,479
InterContinental Hotels Group PLC		23,138		635,883
Lloyds Banking Group PLC (b)		424,067		407,236
Pearson PLC		9,736		173,148
Reckitt Benckiser Group PLC		1,696		119,969
Rolls-Royce Holdings PLC (b)		57,552		990,952
Rolls-Royce Holdings PLC Class C Entitlement Shares (b) (c)		2,568,496		3,907
Telecity Group PLC		47,739		735,661
				6,148,899

	Shares		Value
Common Stocks (Cont.)
United States (4.05%)
Freeport-McMoRan Copper & Gold Inc.		9,798	$	270,523
Liberty Global PLC Series C (b)		12,609		856,025
MasterCard Inc. Class A		935		537,158
				1,663,706
Total Common Stocks
(cost $35,176,936)				39,497,544
Preferred Stocks (a) (0.82%)
Brazil (0.82%)
Banco Bradesco SA Pfd.		23,074		297,816
Petroleo Brasileiro SA Pfd.		5,100		36,981
				334,797
Total Preferred Stocks
(cost $434,487)				334,797
Short-term Investments (2.74%)
State Street Institutional U.S. Government Money Market Fund		1,125,682		1,125,682
Total Short-term Investments
(cost $1,125,682)				1,125,682
TOTAL INVESTMENTS (99.80%)
(cost $36,737,105)				40,958,023
CASH AND OTHER ASSETS, NET OF LIABILITIES (0.20%)				80,824
NET ASSETS (100.00%)			$	41,038,847

(a) The Fund used data provided by an independent statistical fair value service to fair value the securities primarily traded on exchanges that closed before the regular close of trading of the New York Stock Exchange. This method of fair valuing foreign securities was established in the valuation procedures adopted by the Board of Trustees.

(b) Non-income producing security.

(c) In accordance with the Trust’s valuation procedures, State Farm Investment Management Corp. (“SFIMC”) determined the fair value for the security considering the facts and circumstances related to the particular security. The fair value for this security was not determined using the Trust’s independent statistical fair value service.

ADR - American Depositary Receipt

See accompanying notes to financial statements. 17

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

INTERNATIONAL EQUITY FUND FOREIGN CURRENCY DENOMINATIONS

Currency	Value		%
Euro	$	10,607,382		25.90
United States Dollar		6,759,135		16.50
British Pound		6,448,702		15.74
Swiss Franc		6,182,664		15.09
Japanese Yen		4,581,965		11.19
Hong Kong Dollar		1,301,213		3.18
Canadian Dollar		1,099,782		2.68
Swedish Krona		1,040,112		2.54
Singapore Dollar		800,461		1.95
Malaysian Ringgit		573,308		1.40
South African Rand		486,197		1.19
Danish Krone		477,891		1.17
Brazilian Real		334,797		0.82
Norwegian Krone		264,414		0.65
Total Investments	$	40,958,023		100.00	%

INTERNATIONAL EQUITY FUND SECTOR CLASSIFICATIONS

Sector	Value		%
Consumer Discretionary	$	7,687,309		18.73
Financials		7,167,092		17.46
Industrials		6,487,724		15.81
Consumer Staples		6,044,606		14.73
Information Technology		4,840,110		11.79
Health Care		3,063,238		7.47
Materials		2,798,684		6.82
Energy		1,074,178		2.62
Telecommunication Services		669,400		1.63
Total Stocks		39,832,341		97.06
Short-term Investments		1,125,682		2.74
Cash and Other Assets, Net of Liabilities		80,824		0.20
Net Assets	$	41,038,847		100.00	%

OPEN FORWARD FOREIGN CURRENCY CONTRACTS

Currency	Counterparty	Settlement Date	Foreign amount Purchased (Sold)			U.S. Dollar amount Purchased (Sold)			Unrealized Gain		Unrealized (Loss)
British Pound	State Street Bank and Trust Company	07/01/2013		4,315		$	(6,614	)	$	—	$	(51	)
British Pound	State Street Bank and Trust Company	07/03/2013		4,623			(7,022	)		9		—
British Pound	State Street Bank and Trust Company	07/02/2013		7,055			(10,767	)		—		(38	)
Euro	JPMorgan Chase Bank N.A.	07/02/2013		3,825			(4,972	)		7		—
Euro	JPMorgan Chase Bank N.A.	07/03/2013		8,358			(10,865	)		15		—
Euro	JPMorgan Chase Bank N.A.	07/02/2013		14,971			(19,460	)		27		—
Swiss Franc	JPMorgan Chase Bank N.A.	07/03/2013		14,755			(15,596	)		25		—
Euro	UBS AG	07/01/2013		(152,805	)		198,692			—		(206	)
Japanese Yen	State Street Bank and Trust Company	07/01/2013		(325,097	)		3,283			5		—
Japanses Yen	State Street Bank and Trust Company	07/01/2013		(167,589	)		1,686			—		(4	)
Total									$	88	$	(299	)

18 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST LARGE CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (99.02%)
Consumer Discretionary (12.08%)
Abercrombie & Fitch Co. Class A		2,886	$	130,592
Amazon.com Inc. (a)		13,524		3,755,480
AutoNation Inc. (a)		1,451		62,959
AutoZone Inc. (a)		1,346		570,287
Bed Bath & Beyond Inc. (a)		8,113		575,212
Best Buy Company Inc.		9,978		272,699
BorgWarner Inc. (a)		4,273		368,119
Cablevision Systems Corp. Class A		8,036		135,166
CarMax Inc. (a)		8,333		384,651
Carnival Corp.		16,456		564,276
CBS Corp. Class B		21,184		1,035,262
Chipotle Mexican Grill Inc. (a)		1,150		419,002
Coach Inc.		10,401		593,793
Comcast Corp. Class A		97,762		4,094,273
Darden Restaurants Inc.		4,789		241,749
Delphi Automotive PLC		10,765		545,678
DIRECTV (a)		20,736		1,277,752
Discovery Communications Inc. Class A (a)		9,085		701,453
Dollar General Corp. (a)		11,202		564,917
Dollar Tree Inc. (a)		8,307		422,328
DR Horton Inc.		10,354		220,333
Expedia Inc.		3,496		210,284
Family Dollar Stores Inc.		3,524		219,580
Ford Motor Co.		145,984		2,258,372
Fossil Group Inc. (a)		1,976		204,141
GameStop Corp. Class A		4,450		187,034
Gannett Co. Inc.		8,514		208,252
GAP Inc., The		10,761		449,057
Garmin Ltd.		4,143		149,811
General Motors Co. (a)		28,592		952,400
Genuine Parts Co.		5,737		447,888
Goodyear Tire & Rubber Co., The (a)		9,243		141,325
H&R Block Inc.		10,051		278,915
Harley-Davidson Inc.		8,283		454,074
Harman International Industries Inc.		2,570		139,294
Hasbro Inc.		4,325		193,890
Home Depot Inc., The		54,237		4,201,740
International Game Technology		9,756		163,023
Interpublic Group of Companies Inc., The		15,924		231,694
J.C. Penney Company Inc. (a)		5,355		91,463
Johnson Controls Inc.		25,482		912,001
Kohl’s Corp.		7,561		381,906
L Brands Inc.		8,963		441,428
Leggett & Platt Inc.		5,329		165,679
Lennar Corp.		6,199		223,412
Lowe’s Companies Inc.		39,814		1,628,393
Macy’s Inc.		14,241		683,568
Marriott International Inc. Class A		8,890		358,889
Mattel Inc.		12,873		583,276
McDonald’s Corp.		37,228		3,685,572
Netflix Inc. (a)		2,096		442,445
Newell Rubbermaid Inc.		10,775		282,844
News Corp. Class A (a)		73,902		2,409,205
NIKE Inc. Class B		26,873		1,711,273
Nordstrom Inc.		5,537		331,888

	Shares		Value
Common Stocks (Cont.)
Consumer Discretionary (Cont.)
Omnicom Group Inc.		9,598	$	603,426
O’Reilly Automotive Inc. (a)		4,078		459,264
PetSmart Inc.		3,833		256,773
Priceline.com Inc. (a)		1,915		1,583,954
PulteGroup Inc. (a)		12,767		242,190
PVH Corp.		3,012		376,651
Ralph Lauren Corp.		2,252		391,262
Ross Stores Inc.		8,158		528,720
Scripps Networks Interactive Class A		3,189		212,898
Staples Inc.		24,639		390,775
Starbucks Corp.		27,828		1,822,456
Starwood Hotels & Resorts Worldwide Inc.		7,251		458,191
Target Corp.		23,824		1,640,521
Tiffany & Co.		4,481		326,396
Time Warner Cable Inc.		10,802		1,215,009
Time Warner Inc.		34,623		2,001,902
TJX Companies Inc.		26,721		1,337,653
TripAdvisor Inc. (a)		4,069		247,680
Urban Outfitters Inc. (a)		4,086		164,339
VF Corp.		3,240		625,514
Viacom Inc. Class B		16,562		1,127,044
Walt Disney Co., The		66,870		4,222,840
Washington Post Co., The		172		83,208
Whirlpool Corp.		2,949		337,248
Wyndham Worldwide Corp.		5,062		289,698
Wynn Resorts Ltd.		2,955		378,240
Yum! Brands Inc.		16,695		1,157,628
				64,841,477
Consumer Staples (10.39%)
Altria Group Inc.		74,590		2,609,904
Archer-Daniels-Midland Co.		24,543		832,253
Avon Products Inc.		16,014		336,774
Beam Inc.		6,014		379,544
Brown-Forman Corp. Class B		5,615		379,293
Campbell Soup Co.		6,607		295,928
Clorox Co., The		4,910		408,217
Coca-Cola Co., The		142,225		5,704,645
Coca-Cola Enterprises Inc.		9,559		336,094
Colgate-Palmolive Co.		32,568		1,865,821
ConAgra Foods Inc.		15,484		540,856
Constellation Brands Inc. (a)		5,743		299,325
Costco Wholesale Corp.		16,217		1,793,114
CVS Caremark Corp.		45,459		2,599,346
Dr. Pepper Snapple Group Inc.		7,544		346,496
Estee Lauder Companies Inc. Class A, The		8,952		588,773
General Mills Inc.		23,950		1,162,294
Hershey Co., The		5,562		496,575
Hormel Foods Corp.		5,083		196,102
J.M. Smucker Co., The		3,973		409,815
Kellogg Co.		9,426		605,432
Kimberly-Clark Corp.		14,279		1,387,062
Kraft Foods Group Inc.		22,078		1,233,498
Kroger Co., The		19,345		668,176

See accompanying notes to financial statements. 19

STATE FARM VARIABLE PRODUCT TRUST LARGE CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Consumer Staples (Cont.)
Lorillard Inc.		14,052	$	613,791
McCormick & Company Inc.		4,915		345,819
Mead Johnson Nutrition Co. Class A		7,502		594,383
Molson Coors Brewing Co. Class B		5,883		281,560
Mondelez International Inc. Class A		66,266		1,890,569
Monster Beverage Corp. (a)		5,332		324,026
PepsiCo Inc.		57,422		4,696,545
Philip Morris International Inc.		60,725		5,260,000
Procter & Gamble Co., The		101,770		7,835,272
Reynolds American Inc.		11,816		571,540
Safeway Inc.		9,038		213,839
Sysco Corp.		22,044		753,023
Tyson Foods Inc.		10,622		272,773
Walgreen Co.		32,019		1,415,240
Wal-Mart Stores Inc.		60,829		4,531,152
Whole Foods Market Inc.		12,770		657,401
				55,732,270
Energy (10.43%)
Anadarko Petroleum Corp.		18,623		1,600,274
Apache Corp.		14,569		1,221,319
Baker Hughes Inc.		16,365		754,917
Cabot Oil & Gas Corp.		7,795		553,601
Cameron International Corp. (a)		9,181		561,510
Chesapeake Energy Corp.		19,290		393,130
Chevron Corp.		71,998		8,520,243
ConocoPhillips		45,402		2,746,821
CONSOL Energy Inc.		8,558		231,922
Denbury Resources Inc. (a)		13,805		239,103
Devon Energy Corp.		13,986		725,594
Diamond Offshore Drilling Inc.		2,571		176,859
Ensco PLC Class A		8,696		505,412
EOG Resources Inc.		10,105		1,330,626
EQT Corp.		5,577		442,646
Exxon Mobil Corp.		165,094		14,916,243
FMC Technologies Inc. (a)		8,806		490,318
Halliburton Co.		34,628		1,444,680
Helmerich & Payne Inc.		3,937		245,866
Hess Corp.		11,094		737,640
Kinder Morgan Inc.		23,531		897,708
Marathon Oil Corp.		26,353		911,287
Marathon Petroleum Corp.		12,057		856,770
Murphy Oil Corp.		6,710		408,572
Nabors Industries Ltd.		10,937		167,445
National-Oilwell Varco Inc.		15,873		1,093,650
Newfield Exploration Co. (a)		5,040		120,406
Noble Corp.		9,362		351,824
Noble Energy Inc.		13,304		798,772
Occidental Petroleum Corp.		29,917		2,669,494
Peabody Energy Corp.		9,990		146,254
Phillips 66		23,020		1,356,108
Pioneer Natural Resources Co.		5,073		734,317
QEP Resources Inc.		6,727		186,876
Range Resources Corp.		6,032		466,394
Rowan Companies PLC Class A (a)		4,560		155,359
Schlumberger Ltd.		49,367		3,537,639

	Shares		Value
Common Stocks (Cont.)
Energy (Cont.)
Southwestern Energy Co. (a)		13,004	$	475,036
Spectra Energy Corp.		24,893		857,813
Tesoro Corp.		5,070		265,262
Valero Energy Corp.		20,244		703,884
Williams Companies Inc., The		25,395		824,576
WPX Energy Inc. (a)		7,518		142,391
				55,966,561
Financials (16.50%)
ACE Ltd.		12,634		1,130,490
Aflac Inc.		17,325		1,006,929
Allstate Corp., The		17,396		837,096
American Express Co.		35,487		2,653,008
American International Group Inc. (a)		54,823		2,450,588
American Tower Corp.		14,700		1,075,599
Ameriprise Financial Inc.		7,477		604,740
Aon PLC		11,464		737,708
Apartment Investment and Management Co.		5,378		161,555
Assurant Inc.		2,880		146,621
AvalonBay Communities Inc.		4,518		609,523
Bank of America Corp.		400,265		5,147,408
Bank of New York Mellon Corp.		43,095		1,208,815
BB&T Corp.		26,072		883,319
Berkshire Hathaway Inc. Class B (a)		67,738		7,581,237
BlackRock Inc.		4,635		1,190,500
Boston Properties Inc.		5,617		592,425
Capital One Financial Corp.		21,694		1,362,600
CBRE Group Inc. (a)		11,270		263,267
Charles Schwab Corp., The		40,955		869,475
Chubb Corp., The		9,609		813,402
Cincinnati Financial Corp.		5,443		249,834
Citigroup Inc.		112,989		5,420,082
CME Group Inc.		11,433		868,679
Comerica Inc.		6,880		274,030
Discover Financial Services		18,205		867,286
E*TRADE Financial Corp. (a)		10,672		135,108
Equity Residential		11,866		688,940
Fifth Third Bancorp		32,423		585,235
Franklin Resources Inc.		5,117		696,014
Genworth Financial Inc. Class A (a)		18,429		210,275
Goldman Sachs Group Inc., The		16,002		2,420,302
Hartford Financial Services Group Inc., The		16,936		523,661
HCP Inc.		16,902		768,027
Healthcare Realty Trust Inc.		10,565		708,172
Host Hotels & Resorts Inc.		27,667		466,742
Hudson City Bancorp Inc.		17,474		160,062
Huntington Bancshares Inc.		30,804		242,736
IntercontinentalExchange Inc. (a)		2,691		478,352
Invesco Ltd.		16,517		525,241
JPMorgan Chase & Co.		140,337		7,408,390
KeyCorp		34,225		377,844
Kimco Realty Corp.		15,295		327,772
Legg Mason Inc.		4,114		127,575
Leucadia National Corp.		11,041		289,495

20 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST LARGE CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
Lincoln National Corp.		9,917	$	361,673
Loews Corp.		11,357		504,251
M&T Bank Corp.		4,530		506,228
Macerich Co., The		5,084		309,971
Marsh & McLennan Companies Inc.		20,445		816,164
McGraw Hill Financial Inc.		10,174		541,155
MetLife Inc.		40,664		1,860,785
Moody’s Corp.		7,178		437,356
Morgan Stanley		51,042		1,246,956
NASDAQ OMX Group Inc., The		4,295		140,833
Northern Trust Corp.		8,062		466,790
NYSE Euronext		9,002		372,683
People’s United Financial Inc.		12,714		189,439
Plum Creek Timber Co. Inc.		6,014		280,673
PNC Financial Services Group Inc.		19,661		1,433,680
Principal Financial Group Inc.		10,217		382,627
Progressive Corp., The		20,581		523,169
ProLogis Inc.		18,506		698,046
Prudential Financial Inc.		17,306		1,263,857
Public Storage		5,376		824,302
Regions Financial Corp.		52,358		498,972
Simon Property Group Inc.		11,541		1,822,555
SLM Corp.		16,484		376,824
State Street Corp.		16,923		1,103,549
Suntrust Banks Inc.		19,964		630,263
T. Rowe Price Group Inc.		9,661		706,702
Torchmark Corp.		3,393		221,020
Travelers Companies Inc., The		13,999		1,118,800
U.S. Bancorp		68,672		2,482,493
Unum Group		9,821		288,443
Ventas Inc.		10,885		756,072
Vornado Realty Trust		6,335		524,855
Wells Fargo & Co.		182,898		7,548,200
Weyerhaeuser Co.		21,418		610,199
XL Group PLC		10,750		325,940
Zions Bancorporation		6,813		196,760
				88,518,444
Health Care (12.60%)
Abbott Laboratories		57,876		2,018,715
AbbVie Inc.		58,811		2,431,247
Actavis Inc. (a)		4,735		597,652
Aetna Inc.		14,027		891,276
Agilent Technologies Inc.		12,741		544,805
Alexion Pharmaceuticals Inc. (a)		7,231		666,987
Allergan Inc.		11,004		926,977
AmerisourceBergen Corp.		8,617		481,087
Amgen Inc.		27,850		2,747,681
Baxter International Inc.		20,120		1,393,712
Becton, Dickinson and Co.		7,235		715,035
Biogen Idec Inc. (a)		8,816		1,897,203
Boston Scientific Corp. (a)		50,285		466,142
Bristol-Myers Squibb Co.		60,994		2,725,822
Cardinal Health Inc.		12,729		600,809
CareFusion Corp. (a)		8,217		302,797
Celgene Corp. (a)		15,468		1,808,364

	Shares		Value
Common Stocks (Cont.)
Health Care (Cont.)
Cerner Corp. (a)		5,422	$	521,000
Cigna Corp.		10,592		767,814
Covidien PLC		17,484		1,098,695
CR Bard Inc.		2,769		300,935
DaVita HealthCare Partners Inc. (a)		3,127		377,742
DENTSPLY International Inc.		5,353		219,259
Edwards Lifesciences Corp. (a)		4,155		279,216
Eli Lilly & Co.		36,806		1,807,911
Express Scripts Holding Co. (a)		30,316		1,870,194
Forest Laboratories Inc. (a)		8,681		355,921
Gilead Sciences Inc. (a)		56,642		2,900,637
Hospira Inc. (a)		6,207		237,790
Humana Inc.		5,866		494,973
Intuitive Surgical Inc. (a)		1,496		757,844
Johnson & Johnson		104,299		8,955,112
Laboratory Corp. of America Holdings (a)		3,449		345,245
Life Technologies Corp. (a)		6,374		471,740
McKesson Corp.		8,413		963,289
Medtronic Inc.		37,557		1,933,059
Merck & Co. Inc.		112,125		5,208,206
Mylan Inc. (a)		14,143		438,857
Patterson Companies Inc.		3,138		117,989
PerkinElmer Inc.		4,146		134,745
Perrigo Co.		3,273		396,033
Pfizer Inc.		247,931		6,944,547
Quest Diagnostics Inc.		5,861		355,352
Regeneron Pharmaceuticals Inc. (a)		2,827		635,736
St. Jude Medical Inc.		10,479		478,157
Stryker Corp.		10,638		688,066
Tenet Healthcare Corp. (a)		3,889		179,283
Thermo Fisher Scientific Inc.		13,331		1,128,203
UnitedHealth Group Inc.		37,870		2,479,728
Varian Medical Systems Inc. (a)		4,042		272,633
Waters Corp. (a)		3,180		318,159
WellPoint Inc.		11,150		912,516
Zimmer Holdings Inc.		6,273		470,099
Zoetis Inc.		18,351		566,858
				67,599,854
Industrials (10.06%)
3M Co.		23,580		2,578,473
ADT Corp., The		8,118		323,502
Avery Dennison Corp.		3,681		157,400
Boeing Co., The		25,356		2,597,469
Caterpillar Inc.		24,416		2,014,076
CH Robinson Worldwide Inc.		5,966		335,945
Cintas Corp.		3,860		175,784
CSX Corp.		38,009		881,429
Cummins Inc.		6,540		709,328
Danaher Corp.		21,609		1,367,850
Deere & Co.		14,429		1,172,356
Dover Corp.		6,350		493,141
Dun & Bradstreet Corp.		1,481		144,323
Eaton Corp. PLC		17,570		1,156,282
Emerson Electric Co.		26,657		1,453,873

See accompanying notes to financial statements. 21

STATE FARM VARIABLE PRODUCT TRUST LARGE CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Industrials (Cont.)
Equifax Inc.		4,463	$	263,005
Expeditors International of Washington Inc.		7,725		293,627
Fastenal Co.		9,999		458,454
FedEx Corp.		10,945		1,078,958
Flowserve Corp.		5,349		288,899
Fluor Corp.		6,020		357,046
General Dynamics Corp.		12,306		963,929
General Electric Co.		383,925		8,903,221
Honeywell International Inc.		29,217		2,318,077
Illinois Tool Works Inc.		15,384		1,064,111
Ingersoll-Rand PLC		10,326		573,300
Iron Mountain Inc.		6,251		166,339
Jacobs Engineering Group Inc. (a)		4,828		266,168
Joy Global Inc.		3,935		190,966
Kansas City Southern		4,078		432,105
L-3 Communications Holdings Inc.		3,329		285,428
Lockheed Martin Corp.		9,871		1,070,609
Masco Corp.		13,210		257,463
Norfolk Southern Corp.		11,715		851,095
Northrop Grumman Corp.		8,724		722,347
PACCAR Inc.		13,185		707,507
Pall Corp.		4,116		273,426
Parker Hannifin Corp.		5,525		527,085
Pentair Ltd. Reg.		7,552		435,675
Pitney Bowes Inc.		7,460		109,513
Precision Castparts Corp.		5,425		1,226,104
Quanta Services Inc. (a)		7,830		207,182
Raytheon Co.		12,052		796,878
Republic Services Inc.		11,015		373,849
Robert Half International Inc.		5,194		172,597
Rockwell Automation Inc.		5,179		430,582
Rockwell Collins Inc.		5,059		320,791
Roper Industries Inc.		3,663		455,018
Ryder System Inc.		1,902		115,623
Snap-on Inc.		2,157		192,793
Southwest Airlines Co.		26,973		347,682
Stanley Black & Decker Inc.		6,015		464,960
Stericycle Inc. (a)		3,189		352,161
Textron Inc.		10,326		268,992
Tyco International Ltd.		17,263		568,816
Union Pacific Corp.		17,331		2,673,827
United Parcel Service Inc. Class B		26,379		2,281,256
United Technologies Corp.		31,407		2,918,967
W.W. Grainger Inc.		2,215		558,579
Waste Management Inc.		16,321		658,226
Xylem Inc.		6,893		185,695
				53,990,162
Information Technology (17.62%)
Accenture PLC Class A		24,141		1,737,186
Adobe Systems Inc. (a)		18,643		849,375
Advanced Micro Devices Inc. (a)		22,035		89,903
Akamai Technologies Inc. (a)		6,591		280,447
Altera Corp.		11,845		390,767
Amphenol Corp. Class A		5,916		461,093

	Shares		Value
Common Stocks (Cont.)
Information Technology (Cont.)
Analog Devices Inc.		11,448	$	515,847
Apple Inc.		34,854		13,804,972
Applied Materials Inc.		44,766		667,461
Autodesk Inc. (a)		8,324		282,517
Automatic Data Processing Inc.		18,037		1,242,028
BMC Software Inc. (a)		4,958		223,804
Broadcom Corp. Class A		19,536		659,535
CA Inc.		12,310		352,435
Cisco Systems Inc.		198,448		4,824,271
Citrix Systems Inc. (a)		6,986		421,465
Cognizant Technology Solutions Corp. Class A (a)		11,178		699,855
Computer Sciences Corp.		5,569		243,755
Corning Inc.		54,870		780,800
Dell Inc.		54,514		727,762
eBay Inc. (a)		43,374		2,243,303
Electronic Arts Inc. (a)		11,222		257,769
EMC Corp.		77,946		1,841,085
F5 Networks Inc. (a)		2,950		202,960
Fidelity National Information Services Inc.		10,861		465,285
First Solar Inc. (a)		2,473		110,617
Fiserv Inc. (a)		4,946		432,330
FLIR Systems Inc.		5,260		141,862
Google Inc. Class A (a)		9,979		8,785,212
Harris Corp.		4,061		200,004
Hewlett-Packard Co.		71,599		1,775,655
Intel Corp.		184,586		4,470,673
International Business Machines Corp.		38,699		7,395,766
Intuit Inc.		10,406		635,078
Jabil Circuit Inc.		6,946		141,559
JDS Uniphase Corp. (a)		8,747		125,782
Juniper Networks Inc. (a)		18,786		362,758
KLA-Tencor Corp.		6,141		342,238
Lam Research Corp. (a)		6,002		266,129
Linear Technology Corp.		8,616		317,413
LSI Corp. (a)		20,703		147,819
MasterCard Inc. Class A		3,882		2,230,209
Microchip Technology Inc.		7,332		273,117
Micron Technology Inc. (a)		38,267		548,366
Microsoft Corp.		279,067		9,636,184
Molex Inc.		5,236		153,624
Motorola Solutions Inc.		10,083		582,092
NetApp Inc. (a)		13,351		504,401
NVIDIA Corp.		21,409		300,368
Oracle Corp.		136,423		4,190,915
Paychex Inc.		11,991		437,911
QUALCOMM Inc.		64,160		3,918,893
Red Hat Inc. (a)		7,035		336,414
SAIC Inc.		10,608		147,769
Salesforce.com Inc. (a)		20,159		769,671
SanDisk Corp. (a)		9,039		552,283
Seagate Technology PLC		11,831		530,384
Symantec Corp.		25,878		581,479
TE Connectivity Ltd.		15,420		702,227

22 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST LARGE CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Information Technology (Cont.)
Teradata Corp. (a)		6,051	$	303,942
Teradyne Inc. (a)		6,958		122,252
Texas Instruments Inc.		41,191		1,436,330
Total System Services Inc.		5,986		146,537
VeriSign Inc. (a)		5,645		252,106
Visa Inc. Class A		18,817		3,438,807
Western Digital Corp.		7,896		490,263
Western Union Co.		20,673		353,715
Xerox Corp.		45,864		415,986
Xilinx Inc.		9,815		388,772
Yahoo! Inc. (a)		35,367		888,066
				94,549,658
Materials (3.24%)
Air Products & Chemicals Inc.		7,743		709,027
Airgas Inc.		2,445		233,400
Alcoa Inc.		39,566		309,406
Allegheny Technologies Inc.		4,060		106,819
Ball Corp.		5,530		229,716
Bemis Company Inc.		3,807		149,006
CF Industries Holdings Inc.		2,201		377,472
Cliffs Natural Resources Inc.		5,721		92,966
Dow Chemical Co., The		44,920		1,445,076
E.I. du Pont de Nemours & Co.		34,173		1,794,082
Eastman Chemical Co.		5,772		404,098
Ecolab Inc.		9,895		842,955
FMC Corp.		5,022		306,643
Freeport-McMoRan Copper & Gold Inc.		38,608		1,065,967
International Flavors & Fragrances Inc.		3,022		227,134
International Paper Co.		16,523		732,134
LyondellBasell Industries NV Class A		14,137		936,718
MeadWestvaco Corp.		6,615		225,638
Monsanto Co.		19,798		1,956,042
Mosaic Co., The		10,250		551,552
Newmont Mining Corp.		18,400		551,080
Nucor Corp.		11,768		509,790
Owens-Illinois Inc. (a)		6,078		168,908
PPG Industries Inc.		5,291		774,655
Praxair Inc.		10,971		1,263,420
Sealed Air Corp.		7,206		172,584
Sherwin-Williams Co., The		3,179		561,411
Sigma-Aldrich Corp.		4,462		358,566
United States Steel Corp.		5,203		91,209
Vulcan Materials Co.		4,796		232,174
				17,379,648
Telecommunication Services (2.82%)
AT&T Inc.		199,756		7,071,362
CenturyLink Inc.		22,608		799,193
Crown Castle International Corp. (a)		10,859		786,083
Frontier Communications Corp.		36,660		148,473
Sprint Nextel Corp. (a)		112,208		787,700
Verizon Communications Inc.		106,240		5,348,122

	Shares		Value
Common Stocks (Cont.)
Telecommunication Services (Cont.)
Windstream Corp.		22,238	$	171,455
				15,112,388
Utilities (3.28%)
AES Corp., The		22,932		274,955
AGL Resources Inc.		4,446		190,556
Ameren Corp.		8,989		309,581
American Electric Power Company Inc.		18,098		810,428
CenterPoint Energy Inc.		15,843		372,152
CMS Energy Corp.		9,812		266,592
Consolidated Edison Inc.		10,849		632,605
Dominion Resources Inc.		21,454		1,219,016
DTE Energy Co.		6,466		433,287
Duke Energy Corp.		26,208		1,769,040
Edison International		12,069		581,243
Entergy Corp.		6,597		459,679
Exelon Corp.		31,831		982,941
FirstEnergy Corp.		15,491		578,434
Integrys Energy Group Inc.		2,905		170,030
NextEra Energy Inc.		15,770		1,284,940
NiSource Inc.		11,528		330,162
Northeast Utilities		11,644		489,281
NRG Energy Inc.		11,972		319,652
ONEOK Inc.		7,705		318,294
Pepco Holdings Inc.		9,243		186,339
PG&E Corp.		16,424		751,070
Pinnacle West Capital Corp.		4,066		225,541
PPL Corp.		22,003		665,811
Public Service Enterprise Group Inc.		18,742		612,114
SCANA Corp.		5,185		254,584
Sempra Energy		8,381		685,231
Southern Co.		32,324		1,426,458
TECO Energy Inc.		7,716		132,638
Wisconsin Energy Corp.		8,484		347,759
Xcel Energy Inc.		18,471		523,466
				17,603,879
Total Common Stocks
(cost $450,214,691)				531,294,341

See accompanying notes to financial statements. 23

STATE FARM VARIABLE PRODUCT TRUST LARGE CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Short-term Investments (0.82%)
State Street Institutional U.S. Government Money Market Fund		4,387,546	$	4,387,546
Total Short-term Investments
(cost $ 4,387,546)				4,387,546
TOTAL INVESTMENTS (99.84%)
(cost $ 454,602,237)				535,681,887
CASH (b) AND OTHER ASSETS, NET OF LIABILITIES (0.16%)				836,381
NET ASSETS (100.00%)			$	536,518,268

(a) Non-income producing security.

(b) At June 30, 2013, cash in the amount of $328,000 has been pledged to cover, in whole or in part, initial margin requirements for open futures contracts.

OPEN FUTURES CONTRACTS

Description	Contracts Purchased	Expiration	Notional Value		Market Value		Unrealized Gain (Loss)
S&P 500 Mini Index	65	September 2013	$	5,270,043	$	5,197,725	$	(72,318	)

24 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (97.33%)
Consumer Discretionary (14.17%)
1-800-FLOWERS.COM Inc. (a)		4,869	$	30,139
Aeropostale Inc. (a)		14,595		201,411
AFC Enterprises Inc. (a)		4,448		159,861
AH Belo Corp. Class A		3,435		23,564
American Apparel Inc. (a)		10,713		20,569
American Axle & Manufacturing Holdings Inc. (a)		12,515		233,154
American Greetings Corp. Class A		5,934		108,117
American Public Education Inc. (a)		3,280		121,885
America’s Car-Mart Inc. (a)		1,491		64,471
Ameristar Casinos Inc.		6,150		161,684
Ann Inc. (a)		8,776		291,363
Arbitron Inc.		4,993		231,925
Arctic Cat Inc.		2,467		110,966
Asbury Automotive Group Inc. (a)		5,795		232,380
Ascent Capital Group LLC Class A (a)		2,632		205,480
Barnes & Noble Inc. (a)		7,504		119,764
Bassett Furniture Industries Inc.		2,007		31,169
Beasley Broadcast Group Inc. Class A		738		6,184
Beazer Homes USA Inc. (a)		4,696		82,274
bebe stores inc.		6,420		36,016
Belo Corp. Class A		19,300		269,235
Big 5 Sporting Goods Corp.		3,088		67,782
Biglari Holdings Inc. (a)		225		92,340
BJ’s Restaurants Inc. (a)		4,586		170,141
Black Diamond Inc. (a)		4,276		40,194
Bloomin’ Brands Inc. (a)		10,274		255,617
Blue Nile Inc. (a)		2,306		87,121
Blyth Inc.		1,782		24,877
Bob Evans Farms Inc.		5,182		243,450
Body Central Corp. (a)		3,017		40,186
Bon-Ton Stores Inc., The		2,520		45,486
Boyd Gaming Corp. (a)		10,610		119,893
Bravo Brio Restaurant Group Inc. (a)		3,639		64,847
Bridgepoint Education Inc. (a)		3,385		41,229
Bright Horizons Family Solutions Inc. (a)		2,206		76,570
Brown Shoe Company Inc.		8,050		173,317
Brunswick Corp.		16,828		537,655
Buckle Inc., The		5,199		270,452
Buffalo Wild Wings Inc. (a)		3,488		342,382
Caesars Entertainment Corp. (a)		6,875		94,188
Callaway Golf Co.		13,152		86,540
Capella Education Co. (a)		2,059		85,757
Career Education Corp. (a)		10,031		29,090
Carmike Cinemas Inc. (a)		3,336		64,585
Carriage Services Inc.		2,937		49,782
Carrols Restaurant Group Inc. (a)		4,359		28,159
Cato Corp. Class A		5,129		128,020
Cavco Industries Inc. (a)		1,287		64,929
CEC Entertainment Inc.		3,310		135,842
Central European Media Enterprises Ltd. Class A (a)		14,162		46,876
Cheesecake Factory Inc., The		9,915		415,339
Children’s Place Retail Stores Inc., The (a)		4,298		235,530

	Shares		Value
Common Stocks (Cont.)
Consumer Discretionary (Cont.)
Christopher & Banks Corp. (a)		6,731	$	45,367
Churchill Downs Inc.		2,553		201,304
Chuy’s Holdings Inc. (a)		3,010		115,403
Citi Trends Inc. (a)		2,894		42,050
Coinstar Inc. (a)		5,229		306,785
Columbia Sportswear Co.		2,395		150,047
Conn’s Inc. (a)		4,175		216,098
Cooper Tire & Rubber Co.		11,774		390,544
Core-Mark Holding Co. Inc.		2,135		135,572
Corinthian Colleges Inc. (a)		15,222		34,097
Cracker Barrel Old Country Store Inc.		3,654		345,888
Crocs Inc. (a)		16,396		270,534
Crown Media Holdings Inc. (a)		6,403		15,815
CSS Industries Inc.		1,567		39,065
Culp Inc.		1,496		26,015
Cumulus Media Inc. Class A (a)		13,972		47,365
Daily Journal Corp. (a)		170		19,210
Dana Holding Corp.		27,319		526,164
Del Frisco’s Restaurant Group Inc. (a)		1,971		42,199
Denny’s Corp. (a)		17,136		96,304
Destination Maternity Corp.		2,528		62,189
Destination XL Group Inc. (a)		7,927		50,257
Dex Media Inc. (a)		3,184		55,943
Digital Generation Inc. (a)		4,511		33,246
DineEquity Inc.		3,075		211,775
Diversified Restaurant Holdings Inc. (a)		1,949		15,514
Dorman Products Inc.		4,693		214,142
Drew Industries Inc.		4,255		167,307
E.W. Scripps Co Class A (a)		5,843		91,034
Education Management Corp. (a)		4,517		25,386
Einstein Noah Restaurant Group Inc.		1,217		17,281
Entercom Communications Corp. Class A (a)		4,482		42,310
Entravision Communications Corp. Class A		10,266		63,136
Ethan Allen Interiors Inc.		4,646		133,805
EveryWare Global Inc. (a)		1,818		22,071
Express Inc. (a)		15,880		333,004
Federal-Mogul Corp. (a)		3,527		36,011
Federal-Mogul Corp. Rights (a) (b)		3,527		784
Fiesta Restaurant Group Inc. (a)		3,689		126,865
Fifth & Pacific Companies Inc. (a)		22,318		498,584
Finish Line Inc. Class A, The		9,173		200,522
Fisher Communications Inc.		1,641		67,412
Five Below Inc. (a)		6,092		223,942
Flexsteel Industries Inc.		857		20,894
Francesca’s Holdings Corp. (a)		8,184		227,433
Fred’s Inc. Class A		6,833		105,843
Fuel Systems Solutions Inc. (a)		2,619		46,854
Genesco Inc. (a)		4,466		299,177
Gentherm Inc. (a)		6,211		115,338
G-III Apparel Group Ltd. (a)		3,126		150,423
Global Sources Ltd. (a)		3,635		24,391
Gordmans Stores Inc. (a)		1,647		22,416
Grand Canyon Education Inc. (a)		8,441		272,053

See accompanying notes to financial statements. 25

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Consumer Discretionary (Cont.)
Gray Television Inc. (a)		9,346	$	67,291
Group 1 Automotive Inc.		4,045		260,215
Harte-Hanks Inc.		8,012		68,903
Haverty Furniture Companies Inc.		3,706		85,275
Helen of Troy Ltd. (a)		5,932		227,611
Hemisphere Media Group Inc. (a)		1,580		21,646
hhgregg Inc. (a)		2,393		38,216
Hibbett Sports Inc. (a)		4,833		268,232
Hillenbrand Inc.		10,227		242,482
Hooker Furniture Corp.		2,028		32,975
Hovnanian Enterprises Inc. Class A (a)		20,074		112,615
HSN Inc.		6,292		338,006
Iconix Brand Group Inc. (a)		10,611		312,070
Ignite Restaurant Group Inc. (a)		1,275		24,059
International Speedway Corp. Class A		5,179		162,983
Interval Leisure Group Inc.		7,327		145,954
iRobot Corp. (a)		5,260		209,190
Isle of Capri Casinos Inc. (a)		3,905		29,288
ITT Educational Services Inc. (a)		4,332		105,701
Jack in the Box Inc. (a)		8,272		325,007
JAKKS Pacific Inc.		3,578		40,253
Jamba Inc. (a)		3,117		46,537
Johnson Outdoors Inc. Class A (a)		934		23,257
Jones Group Inc., The		14,904		204,930
Jos. A. Bank Clothiers Inc. (a)		5,200		214,864
Journal Communications Inc. Class A (a)		8,182		61,283
JTH Holding Inc. Class A (a)		829		13,471
K12 Inc. (a)		5,086		133,609
KB Home		15,552		305,286
Kirkland’s Inc. (a)		2,545		43,901
Krispy Kreme Doughnuts Inc. (a)		12,181		212,558
La-Z-Boy Inc.		9,746		197,551
Leapfrog Enterprises Inc. (a)		11,827		116,378
Libbey Inc. (a)		3,905		93,603
Life Time Fitness Inc. (a)		8,005		401,131
LifeLock Inc. (a)		11,267		131,937
Lifetime Brands Inc.		1,868		25,367
LIN TV Corp. Class A (a)		5,313		81,289
Lincoln Educational Services Corp.		4,458		23,494
Lithia Motors Inc. Class A		4,111		219,157
Live Nation Entertainment Inc. (a)		26,193		405,992
Loral Space & Communications Inc.		2,422		145,272
Luby’s Inc. (a)		3,754		31,721
Lumber Liquidators Holdings Inc. (a)		5,111		397,994
M.D.C. Holdings Inc.		7,296		237,193
M/I Homes Inc. (a)		4,505		103,435
Mac-Gray Corp.		2,219		31,510
Maidenform Brands Inc. (a)		4,338		75,178
Marcus Corp.		3,504		44,571
Marine Products Corp.		1,947		15,615
MarineMax Inc. (a)		4,328		49,036
Marriott Vacations Worldwide Corp. (a)		5,410		233,928
Martha Stewart Living Omnimedia Inc. (a)		5,063		12,202
Matthews International Corp.		5,139		193,740
Mattress Firm Holding Corp. (a)		2,495		100,548

	Shares		Value
Common Stocks (Cont.)
Consumer Discretionary (Cont.)
McClatchy Co. Class A, The (a)		11,283	$	25,725
MDC Partners Inc. Class A		4,712		85,004
Media General Inc. Class A (a)		3,627		40,006
Men’s Wearhouse Inc., The		9,349		353,860
Meredith Corp.		6,643		316,871
Meritage Homes Corp. (a)		6,721		291,423
Modine Manufacturing Co. (a)		8,806		95,809
Monarch Casino & Resort Inc. (a)		1,635		27,566
Monro Muffler Brake Inc.		5,817		279,507
Morgans Hotel Group Co. (a)		4,932		39,752
Movado Group Inc.		3,291		111,335
Multimedia Games Holding Company Inc. (a)		5,380		140,257
NACCO Industries Inc. Class A		928		53,156
Nathan’s Famous Inc. (a)		518		27,066
National CineMedia Inc.		10,601		179,051
Nautilus Inc. (a)		5,755		50,011
New York & Co. Inc. (a)		5,408		34,341
New York Times Co. Class A, The (a)		24,007		265,517
Nexstar Broadcasting Group Inc. Class A		5,462		193,683
NutriSystem Inc.		5,373		63,294
Office Depot Inc. (a)		45,788		177,200
OfficeMax Inc.		16,196		165,685
Orbitz Worldwide Inc. (a)		4,571		36,705
Orient-Express Hotels Ltd. Class A (a)		17,813		216,606
Overstock.com Inc. (a)		2,088		58,882
Oxford Industries Inc.		2,506		156,374
Pacific Sunwear of California Inc. (a)		8,530		31,134
Papa John’s International Inc. (a)		2,980		194,803
Penske Automotive Group Inc.		7,855		239,892
Pep Boys-Manny, Moe & Jack, The (a)		9,899		114,630
Perry Ellis International Inc.		2,324		47,200
PetMed Express Inc.		3,716		46,822
Pier 1 Imports Inc.		17,634		414,223
Pinnacle Entertainment Inc. (a)		10,862		213,656
Pool Corp.		8,666		454,185
Quiksilver Inc. (a)		24,587		158,340
R.G. Barry Corp.		1,834		29,784
RadioShack Corp. (a)		18,779		59,342
ReachLocal Inc. (a)		1,912		23,441
Reading International Inc. Class A (a)		3,080		19,589
Red Robin Gourmet Burgers Inc. (a)		2,636		145,454
Regis Corp.		8,840		145,153
Remy International Inc.		2,571		47,743
Rent-A-Center Inc.		10,751		403,700
Rentrak Corp. (a)		1,941		38,956
Restoration Hardware Holdings Inc. (a)		3,287		246,525
Ruby Tuesday Inc. (a)		11,348		104,742
Rue21 Inc. (a)		2,731		113,637
Ruth’s Hospitality Group Inc.		6,732		81,255
Ryland Group Inc., The		8,579		344,018
Saga Communications Inc. Class A		892		40,952
Saks Inc. (a)		19,432		265,052
Salem Communications Corp. Class A		1,922		14,396
Scholastic Corp.		4,951		145,015
Scientific Games Corp. Class A (a)		8,903		100,159

26 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Consumer Discretionary (Cont.)
Sears Hometown and Outlet Stores Inc. (a)		1,606	$	70,214
Select Comfort Corp. (a)		10,354		259,471
SHFL entertainment Inc. (a)		10,487		185,725
Shiloh Industries Inc.		1,011		10,555
Shoe Carnival Inc.		2,780		66,748
Shutterfly Inc. (a)		7,064		394,101
Sinclair Broadcast Group Inc. Class A		12,731		374,037
Skechers U.S.A. Inc. (a)		7,200		172,872
Skullcandy Inc. (a)		3,166		17,286
Smith & Wesson Holding Corp. (a)		11,959		119,351
Sonic Automotive Inc.		7,248		153,223
Sonic Corp. (a)		10,464		152,356
Sotheby’s		12,699		481,419
Spartan Motors Inc.		6,455		39,505
Speedway Motorsports Inc.		2,162		37,619
Stage Stores Inc.		6,084		142,974
Standard Motor Products Inc.		3,696		126,921
Standard Pacific Corp. (a)		27,553		229,516
Stein Mart Inc.		5,114		69,806
Steiner Leisure Ltd. (a)		2,731		144,361
Steinway Musical Instruments Inc. (a)		1,272		38,707
Steven Madden Ltd. (a)		7,445		360,189
Stewart Enterprises Inc.		13,487		176,545
Stoneridge Inc. (a)		5,214		60,691
Strayer Education Inc.		2,011		98,197
Sturm, Ruger & Company Inc.		3,600		172,944
Superior Industries International Inc.		4,281		73,676
Systemax Inc.		2,095		19,714
Tenneco Inc. (a)		11,318		512,479
Texas Roadhouse Inc. Class A		11,611		290,507
Tile Shop Holdings Inc., The (a)		3,426		99,217
Tilly’s Inc. Class A (a)		1,793		28,688
Tower International Inc. (a)		1,123		22,224
Town Sports International Holdings Inc.		4,523		48,713
Trans World Entertainment Corp.		1,877		9,122
Tri Pointe Homes Inc. (a)		2,766		45,860
True Religion Apparel Inc.		4,853		153,646
Tuesday Morning Corp. (a)		7,884		81,757
Tumi Holdings Inc. (a)		8,890		213,360
Unifi Inc. (a)		2,758		57,008
Universal Electronics Inc. (a)		2,797		78,680
Universal Technical Institute Inc.		4,018		41,506
Vail Resorts Inc.		6,677		410,769
Valassis Communications Inc.		7,225		177,663
ValueVision Media Inc. Class A (a)		7,282		37,211
Vera Bradley Inc. (a)		4,014		86,943
Vitacost.com Inc. (a)		4,223		35,684
Vitamin Shoppe Inc. (a)		5,645		253,122
VOXX International Corp. (a)		3,512		43,092
West Marine Inc. (a)		3,118		34,298
Wet Seal Inc. Class A (a)		16,594		78,158
Weyco Group Inc.		1,248		31,450
William Lyon Homes Class A (a)		2,550		64,286
Winmark Corp.		429		27,829

	Shares		Value
Common Stocks (Cont.)
Consumer Discretionary (Cont.)
Winnebago Industries Inc. (a)		5,236	$	109,904
WMS Industries Inc. (a)		10,185		259,819
Wolverine World Wide Inc.		9,328		509,402
World Wrestling Entertainment Inc.		5,230		53,921
Zagg Inc. (a)		5,694		30,463
Zale Corp. (a)		6,029		54,864
Zumiez Inc. (a)		3,929		112,954
				37,800,271
Consumer Staples (3.81%)
Alico Inc.		547		21,940
Alliance One International Inc. (a)		16,463		62,559
Andersons Inc., The		3,477		184,942
Annie’s Inc. (a)		2,540		108,560
Arden Group Inc. Class A		217		23,955
B&G Foods Inc. Class A		9,837		334,950
Boston Beer Co. Inc. (a)		1,530		261,079
Boulder Brands Inc. (a)		11,092		133,659
Calavo Growers Inc.		2,271		61,748
Cal-Maine Foods Inc.		2,768		128,740
Casey’s General Stores Inc.		7,133		429,121
Central Garden & Pet Co. (a)		7,755		53,510
Chefs’ Warehouse Inc., The (a)		2,583		44,428
Chiquita Brands International Inc. (a)		8,625		94,185
Coca-Cola Bottling Co. Consolidated		867		53,017
Craft Brew Alliance Inc. (a)		2,098		17,288
Darling International Inc. (a)		21,989		410,315
Diamond Foods Inc. (a)		4,154		86,196
Dole Food Company Inc. (a)		9,528		121,482
Elizabeth Arden Inc. (a)		4,749		214,037
Fairway Group Holdings Corp. (a)		2,916		70,480
Farmer Brothers Co. (a)		1,125		15,818
Female Health Co., The		4,030		39,736
Fresh Del Monte Produce Inc.		7,034		196,108
Griffin Land & Nurseries Inc.		530		15,116
Hain Celestial Group Inc., The (a)		7,142		464,016
Harbinger Group Inc. (a)		6,183		46,620
Harris Teeter Supermarkets Inc.		9,191		430,690
Ingles Markets Inc.		2,361		59,615
Inter Parfums Inc.		3,037		86,615
Inventure Foods Inc. (a)		2,514		21,017
J&J Snack Foods Corp.		2,780		216,284
John B. Sanfilippo & Son Inc.		1,525		30,744
Lancaster Colony Corp.		3,442		268,442
Lifevantage Corp. (a)		20,998		48,715
Lifeway Foods Inc.		853		14,808
Limoneira Co.		1,863		38,620
Medifast Inc. (a)		2,568		66,152
Nash Finch Co.		2,261		49,765
National Beverage Corp.		2,143		37,438
Natural Grocers by Vitamin Cottage Inc. (a)		1,642		50,902
Nature’s Sunshine Products Inc.		2,045		33,436
Nutraceutical International Corp.		1,605		32,806
Oil-Dri Corporation of America		907		24,915
Omega Protein Corp. (a)		3,637		32,660

See accompanying notes to financial statements. 27

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Consumer Staples (Cont.)
Orchids Paper Products Co.		1,071	$	28,114
Pantry Inc., The (a)		4,318		52,593
Pilgrim’s Pride Corp. (a)		11,284		168,583
Post Holdings Inc. (a)		6,071		265,060
Prestige Brands Holdings Inc. (a)		9,520		277,413
PriceSmart Inc.		3,511		307,669
Revlon Inc. Class A (a)		2,125		46,878
Rite Aid Corp. (a)		135,793		388,368
Roundy’s Inc.		4,655		38,776
Sanderson Farms Inc.		4,281		284,344
Seaboard Corp.		55		148,940
Seneca Foods Corp. Class A (a)		1,523		46,726
Snyders-Lance Inc.		8,824		250,690
Spartan Stores Inc.		4,067		74,995
Spectrum Brands Holdings Inc.		4,001		227,537
Star Scientific Inc. (a)		30,860		42,895
SUPERVALU Inc. (a)		37,783		235,010
Susser Holdings Corp. (a)		3,355		160,637
Synutra International Inc. (a)		3,452		17,571
Tootsie Roll Industries Inc.		3,652		116,061
TreeHouse Foods Inc. (a)		6,740		441,740
United Natural Foods Inc. (a)		9,170		495,088
Universal Corp.		4,337		250,895
USANA Health Sciences Inc. (a)		1,115		80,704
Vector Group Ltd.		11,162		181,048
Village Super Market Inc. Class A		1,197		39,609
WD-40 Co.		2,879		156,848
Weis Markets Inc.		2,037		91,803
				10,153,824
Energy (5.48%)
Abraxas Petroleum Corp. (a)		15,239		32,002
Adams Resources & Energy Inc.		409		28,176
Alon USA Energy Inc.		4,318		62,438
Alpha Natural Resources Inc. (a)		41,010		214,892
Amyris Inc. (a)		4,955		14,320
Apco Oil and Gas International Inc. (a)		1,774		20,454
Approach Resources Inc. (a)		6,470		158,968
Arch Coal Inc.		39,486		149,257
Basic Energy Services Inc. (a)		5,576		67,414
Berry Petroleum Co.		9,794		414,482
Bill Barrett Corp. (a)		9,065		183,294
Bolt Technology Corp.		1,644		28,080
Bonanza Creek Energy Inc. (a)		5,470		193,966
BPZ Resources Inc. (a)		21,816		39,051
Bristow Group Inc.		6,723		439,146
C&J Energy Services Inc. (a)		8,379		162,301
Cal Dive International Inc. (a)		18,645		35,053
Callon Petroleum Co. (a)		7,740		26,084
CARBO Ceramics Inc.		3,673		247,670
Carrizo Oil & Gas Inc. (a)		7,506		212,645
Clayton Williams Energy Inc. (a)		1,090		47,415
Clean Energy Fuels Corp. (a)		12,639		166,835
Cloud Peak Energy Inc. (a)		11,325		186,636
Comstock Resources Inc.		8,983		141,303
Contango Oil & Gas Co.		2,430		82,012

	Shares		Value
Common Stocks (Cont.)
Energy (Cont.)
Crimson Exploration Inc. (a)		4,240	$	11,957
Crosstex Energy Inc.		8,847		174,817
Dawson Geophysical Co. (a)		1,484		54,700
Delek US Holdings Inc.		6,905		198,726
Diamondback Energy Inc. (a)		3,311		110,323
Emerald Oil Inc. (a)		6,766		46,415
Endeavour International Corp. (a)		9,049		34,748
Energy XXI (Bermuda) Ltd.		14,760		327,377
EPL Oil & Gas Inc. (a)		5,555		163,095
Equal Energy Ltd.		6,487		26,207
Era Group Inc. (a)		3,729		97,513
Evolution Petroleum Corp. (a)		3,186		34,759
EXCO Resources Inc.		25,188		192,436
Exterran Holdings Inc. (a)		10,715		301,306
Forest Oil Corp. (a)		22,193		90,769
Forum Energy Technologies Inc. (a)		7,302		222,200
Frontline Ltd. (a)		9,105		16,116
FX Energy Inc. (a)		10,091		32,392
GasLog Ltd.		4,741		60,685
Gastar Exploration Ltd. (a)		11,141		29,746
Geospace Technologies Corp. (a)		2,404		166,068
Global Geophysical Services Inc. (a)		4,327		20,423
Goodrich Petroleum Corp. (a)		4,964		63,539
Green Plains Renewable Energy Inc. (a)		4,699		62,591
Gulf Island Fabrication Inc.		2,669		51,111
GulfMark Offshore Inc. Class A		4,966		223,917
Halcon Resources Corp. (a)		38,452		218,023
Hallador Energy Co.		1,546		12,445
Helix Energy Solutions Group Inc. (a)		19,704		453,980
Hercules Offshore Inc. (a)		29,684		208,975
Hornbeck Offshore Services Inc. (a)		6,658		356,203
ION Geophysical Corp. (a)		24,792		149,248
Isramco Inc. (a)		177		16,493
Key Energy Services Inc. (a)		28,327		168,546
KiOR Inc. Class A (a)		8,057		46,005
Knightsbridge Tankers Ltd.		4,503		33,142
Kodiak Oil & Gas Corp. (a)		49,381		438,997
L&L Energy Inc. (a)		5,553		19,880
Lufkin Industries Inc.		6,310		558,246
Magnum Hunter Resources Corp. (a)		31,936		116,566
Magnum Hunter Resources Corp. Warrants (a) (b)		2,188		0
Matador Resources Co. (a)		9,163		109,773
Matrix Service Co. (a)		4,845		75,485
Midstates Petroleum Company Inc. (a)		6,115		33,082
Miller Energy Resources Inc. (a)		5,918		23,672
Mitcham Industries Inc. (a)		2,452		41,145
Natural Gas Services Group (a)		2,278		53,510
Newpark Resources Inc. (a)		16,061		176,510
Nordic American Tankers Ltd.		12,243		92,680
Northern Oil and Gas Inc. (a)		11,867		158,306
Nuverra Environmental Solutions Inc. (a)		26,276		76,200
Panhandle Oil & Gas Inc.		1,330		37,905
Parker Drilling Co. (a)		22,169		110,402

28 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Energy (Cont.)
PDC Energy Inc. (a)		5,644	$	290,553
Penn Virginia Corp. (a)		10,179		47,841
Petroquest Energy Inc. (a)		10,497		41,568
PHI Inc. (a)		2,348		80,536
Pioneer Energy Services Corp. (a)		11,560		76,527
Quicksilver Resources Inc. (a)		22,878		38,435
Renewable Energy Group Inc. (a)		3,927		55,881
Rentech Inc.		41,867		87,921
Resolute Energy Corp. (a)		12,551		100,157
REX American Resources Corp. (a)		1,022		29,403
Rex Energy Corp. (a)		8,401		147,690
RigNet Inc. (a)		2,220		56,566
Rosetta Resources Inc. (a)		11,361		483,070
Sanchez Energy Corp. (a)		5,272		121,045
Scorpio Tankers Inc.		30,190		271,106
SEACOR Holdings Inc.		3,728		309,610
SemGroup Corp. Class A		7,829		421,670
Ship Finance International Ltd.		9,504		141,039
Solazyme Inc. (a)		8,880		104,074
Stone Energy Corp. (a)		9,292		204,703
Swift Energy Co. (a)		8,010		96,040
Synergy Resources Corp. (a)		7,689		56,283
Targa Resources Corp.		6,116		393,442
Teekay Tankers Ltd. Class A		11,586		30,471
Tesco Corp. (a)		5,629		74,584
TETRA Technologies Inc. (a)		14,579		149,581
TGC Industries Inc.		2,718		22,342
Triangle Petroleum Corp. (a)		8,687		60,896
Uranium Energy Corp. (a)		15,538		27,813
Ur-Energy Inc. (a)		22,359		29,961
VAALCO Energy Inc. (a)		10,689		61,141
Vantage Drilling Co. (a)		37,291		76,074
W&T Offshore Inc.		6,466		92,399
Warren Resources Inc. (a)		13,830		35,266
Western Refining Inc.		10,082		283,002
Westmoreland Coal Co. (a)		2,200		24,706
Willbros Group Inc. (a)		7,406		45,473
ZaZa Energy Corp. (a)		6,712		8,057
				14,630,175
Financials (21.81%)
1st Source Corp.		2,822		67,052
1st United Bancorp Inc.		5,617		37,746
Acadia Realty Trust		10,260		253,319
Access National Corp.		1,374		17,835
AG Mortgage Investment Trust Inc.		5,172		97,285
Agree Realty Corp.		2,439		71,999
Alexander & Baldwin Inc. (a)		7,980		317,205
Alexander’s Inc.		393		115,428
Altisource Residential Corp. (a)		4,621		77,124
Ambac Financial Group Inc. (a)		8,350		198,980
American Assets Trust Inc.		6,271		193,523
American Capital Mortgage Investment Corp.		10,994		197,562
American Equity Investment Life Holding Co.		11,870		186,359

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
American National Bankshares Inc.		1,469	$	34,140
American Realty Capital Properties Inc.		28,630		436,894
American Residential Properties Inc. (a)		2,516		43,275
American Safety Insurance Holdings Ltd. (a)		1,771		51,270
Ameris Bancorp (a)		4,472		75,353
Amerisafe Inc.		3,412		110,515
Ames National Corp.		1,738		39,557
Amreit Inc. Class B		2,979		57,614
AmTrust Financial Services Inc.		5,232		186,782
Anworth Mortgage Asset Corp.		27,124		151,894
Apollo Commercial Real Estate Finance Inc.		6,797		107,936
Apollo Residential Mortgage Inc.		5,862		96,606
Ares Commercial Real Estate Corp.		1,342		17,191
Argo Group International Holdings Ltd.		5,055		214,281
Arlington Asset Investment Corp. Class A		2,695		72,064
Armada Hoffler Properties Inc.		3,494		41,159
Armour Residential REIT Inc.		69,638		327,995
Arrow Financial Corp.		1,970		48,758
Ashford Hospitality Trust Inc.		9,738		111,500
Associated Estates Realty Corp.		9,443		151,843
Astoria Financial Corp.		16,435		177,169
AV Homes Inc. (a)		1,770		31,382
Aviv REIT Inc.		2,127		53,792
Baldwin & Lyons Inc.		1,753		42,563
BancFirst Corp.		1,308		60,887
Banco Latinoamericano de Comercio Exterior SA		5,462		122,294
Bancorp Inc., The (a)		6,078		91,109
BancorpSouth Inc.		17,718		313,609
Bank Mutual Corp.		8,609		48,555
Bank of Kentucky Financial Corp., The		1,145		32,564
Bank of Marin Bancorp		1,022		40,880
Bank of the Ozarks Inc.		5,787		250,751
BankFinancial Corp.		3,921		33,328
Banner Corp.		3,648		123,266
Bar Harbor Bankshares		742		27,120
BBCN Bancorp Inc.		14,718		209,290
BBX Capital Corp. Class A (a)		1,324		17,093
Beneficial Mutual Bancorp Inc. (a)		5,978		50,215
Berkshire Hills Bancorp Inc.		4,649		129,056
BGC Partners Inc. Class A		23,582		138,898
BNC Bancorp		3,310		37,800
BofI Holding Inc. (a)		2,269		103,966
Boston Private Financial Holdings Inc.		14,787		157,334
Bridge Bancorp Inc.		1,675		37,688
Bridge Capital Holdings (a)		1,820		28,865
Brookline Bancorp Inc.		13,079		113,526
Bryn Mawr Bank Corp.		2,496		59,729
C&F Financial Corp.		613		34,162

See accompanying notes to financial statements. 29

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
Calamos Asset Management Inc. Class A		3,720	$	39,060
California First National Bancorp		425		7,012
Camden National Corp.		1,437		50,970
Campus Crest Communities Inc.		12,002		138,503
Capital Bank Financial Corp. Class A (a)		4,593		87,221
Capital City Bank Group Inc. (a)		2,290		26,404
Capitol Federal Financial Inc.		27,551		334,607
CapLease Inc.		16,470		139,007
Capstead Mortgage Corp.		17,814		215,549
Cardinal Financial Corp.		5,662		82,892
Cascade Bancorp (a)		1,276		7,924
Cash America International Inc.		5,311		241,438
Cathay General Bancorp		14,685		298,840
Cedar Realty Trust Inc.		11,030		57,135
Center Bancorp Inc.		2,229		28,286
Centerstate Banks Inc.		5,755		49,953
Central Pacific Financial Corp. (a)		4,072		73,296
Century Bancorp Inc. Class A		624		21,840
Chambers Street Properties		46,221		462,210
Charter Financial Corp.		4,174		42,074
Chatham Lodging Trust		3,286		56,453
Chemical Financial Corp.		5,146		133,745
Chemung Financial Corp.		636		21,300
Chesapeake Lodging Trust		9,058		188,316
CIFC Corp. (a)		1,412		10,661
Citizens & Northern Corp.		2,331		45,035
Citizens Inc. (a)		8,032		48,031
City Holding Co.		2,925		113,929
Clifton Savings Bancorp Inc.		1,641		19,446
CNB Financial Corp.		2,379		40,300
CNO Financial Group Inc.		41,303		535,287
CoBiz Financial Inc.		6,667		55,336
Cohen & Steers Inc.		3,485		118,420
Colonial Properties Trust		16,492		397,787
Colony Financial Inc.		12,035		239,376
Columbia Banking System Inc.		9,506		226,338
Community Bank System Inc.		7,418		228,845
Community Trust Bancorp Inc.		2,626		93,538
ConnectOne Bancorp Inc. (a)		302		9,283
Consolidated-Tomoka Land Co.		1,078		41,136
Consumer Portfolio Services Inc. (a)		3,153		23,143
Coresite Realty Corp.		3,864		122,914
Cousins Properties Inc.		19,907		201,061
Cowen Group Inc. Class A (a)		18,050		52,345
Crawford & Co. Class B		4,898		27,527
Credit Acceptance Corp. (a)		1,328		139,506
Crescent Financial Bancshares Inc. (a)		2,136		9,356
CU Bancorp (a)		1,723		27,223
CubeSmart		24,797		396,256
Customers Bancorp Inc. (a)		3,714		60,352
CVB Financial Corp.		17,119		201,319
CyrusOne Inc.		3,609		74,851
CYS Investments Inc.		32,509		299,408
DCT Industrial Trust Inc.		53,979		385,950
DFC Global Corp. (a)		7,527		103,948

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
Diamond Hill Investment Group		530	$	45,076
DiamondRock Hospitality Co.		36,325		338,549
Dime Community Bancshares		6,003		91,966
Donegal Group Inc.		1,462		20,424
Doral Financial Corp. (a)		25,294		20,994
DuPont Fabros Technology Inc.		11,616		280,526
Dynex Capital Inc.		10,326		105,222
Eagle Bancorp Inc. (a)		4,146		92,787
Eastern Insurance Holdings Inc.		1,191		22,331
EastGroup Properties Inc.		5,633		316,969
Education Realty Trust Inc.		21,335		218,257
eHealth Inc. (a)		3,603		81,860
Ellington Residential Mortgage REIT		1,175		20,974
EMC Insurance Group Inc.		864		22,689
Employers Holdings Inc.		5,766		140,979
Encore Capital Group Inc. (a)		4,343		143,797
Enstar Group Ltd. (a)		1,767		234,976
Enterprise Bancorp Inc.		1,316		24,333
Enterprise Financial Services Corp.		3,468		55,349
EPR Properties		8,754		440,064
Equity One Inc.		11,155		252,438
ESB Financial Corp.		2,462		29,864
ESSA Bancorp Inc.		1,664		18,237
EverBank Financial Corp.		14,936		247,340
Evercore Partners Inc. Class A		5,880		230,966
Excel Trust Inc.		8,868		113,599
EZCORP Inc. Class A (a)		9,479		160,006
F.N.B. Corp.		26,937		325,399
Farmers Capital Bank Corp. (a)		1,375		29,824
FBL Financial Group Inc.		1,659		72,183
FBR & Co. (a)		1,649		41,654
Federal Agricultural Mortgage Corp. Class C		1,880		54,294
FelCor Lodging Trust Inc. (a)		23,153		136,834
Fidelity Southern Corp. (a)		1,963		24,282
Financial Engines Inc.		9,101		414,915
Financial Institutions Inc.		2,567		47,258
First American Financial Corp.		20,121		443,467
First Bancorp (North Carolina)		3,637		51,282
First BanCorp (Puerto Rico) (a)		13,388		94,787
First Bancorp Inc.		1,755		30,677
First Busey Corp.		13,603		61,214
First Cash Financial Services Inc. (a)		5,420		266,718
First Commonwealth Financial Corp.		18,288		134,783
First Community Bancshares Inc.		3,409		53,453
First Connecticut Bancorp Inc.		3,113		43,333
First Defiance Financial Corp.		1,790		40,364
First Federal Bancshares of Arkansas Inc. (a)		565		4,464
First Financial Bancorp		10,811		161,084
First Financial Bankshares Inc.		5,876		327,058
First Financial Corp. Indiana		2,109		65,358
First Financial Holdings Inc.		3,061		64,924
First Financial Northwest Inc.		3,136		32,332
First Industrial Realty Trust Inc.		20,012		303,582
First Interstate BancSystem Inc.		3,250		67,372
First M&F Corp.		1,528		24,158

30 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
First Marblehead Corp., The (a)		16,792	$	19,815
First Merchants Corp.		5,345		91,667
First Midwest Bancorp Inc.		13,994		191,998
First NBC Bank Holding Co. (a)		766		18,690
First of Long Island Corp., The		1,470		48,789
First PacTrust Bancorp Inc.		2,078		28,219
First Potomac Realty Trust		10,888		142,197
First Security Group Inc. (a)		11,512		24,981
FirstMerit Corp.		30,841		617,745
Flagstar Bancorp Inc. (a)		3,669		51,219
Flushing Financial Corp.		5,756		94,686
FNB United Corp. (a)		1,876		15,214
Forestar Group Inc. (a)		6,452		129,427
Fortegra Financial Corp. (a)		1,138		7,818
Fox Chase Bancorp		2,312		39,304
Franklin Financial Corp.		2,036		36,668
Franklin Street Properties Corp.		16,699		220,427
FXCM Inc. Class A		6,781		111,276
Gain Capital Holdings Inc.		2,125		13,409
GAMCO Investors Inc.		1,125		62,336
Geo Group Inc., The		13,320		452,214
German American Bancorp Inc.		2,428		54,679
Getty Realty Corp.		4,801		99,141
GFI Group Inc.		13,020		50,908
Glacier Bancorp Inc.		13,417		297,723
Gladstone Commercial Corp.		2,332		43,468
Glimcher Realty Trust		26,836		293,049
Global Indemnity PLC (a)		1,752		41,260
Government Properties Income Trust		10,137		255,655
Gramercy Property Trust Inc. (a)		11,034		49,653
Great Southern Bancorp Inc.		1,932		52,087
Green Dot Corp. Class A (a)		4,791		95,580
Greenhill & Co. Inc.		5,245		239,906
Greenlight Capital Re Ltd. Class A (a)		5,244		128,635
Guaranty Bancorp		2,818		31,984
Hallmark Financial Services Inc. (a)		2,731		24,961
Hampton Roads Bankshares Inc. (a)		5,921		7,638
Hancock Holding Co.		15,769		474,174
Hanmi Financial Corp. (a)		5,894		104,147
Hannon Armstrong Sustainable Infrastructure Capital Inc. (a)		2,736		32,504
HCI Group Inc.		1,727		53,053
Health Insurance Innovations Inc. Class A (a)		853		8,974
Healthcare Realty Trust Inc.		16,758		427,329
Heartland Financial USA Inc.		2,738		75,268
Heritage Commerce Corp. (a)		3,946		27,622
Heritage Financial Corp.		2,870		42,046
Heritage Oaks Bancorp (a)		3,662		22,595
Hersha Hospitality Trust		37,568		211,884
HFF Inc. Class A		6,145		109,197
Highwoods Properties Inc.		15,260		543,409
Hilltop Holdings Inc. (a)		11,519		188,912
Hingham Institution for Savings		239		16,223
Home Bancorp Inc. (a)		1,273		23,550
Home Bancshares Inc.		8,454		219,550

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
Home Federal Bancorp Inc.		2,751	$	35,048
Home Loan Servicing Solutions Ltd.		10,589		253,818
HomeStreet Inc.		2,410		51,694
HomeTrust Bancshares Inc. (a)		3,886		65,907
Horace Mann Educators Corp.		7,392		180,217
Horizon Bancorp		1,597		32,595
Horizon Technology Finance Corp.		1,455		19,992
Hudson Pacific Properties Inc.		8,079		171,921
Hudson Valley Holding Corp.		3,048		51,755
IBERIABANK Corp.		5,525		296,195
ICG Group Inc. (a)		7,113		81,088
Imperial Holdings Inc. (a)		3,178		21,769
Independence Holding Co.		1,542		18,226
Independent Bank Corp.		4,252		146,694
Independent Bank Group Inc. (a)		694		21,098
Infinity Property & Casualty Corp.		2,143		128,066
Inland Real Estate Corp.		15,802		161,496
International Bancshares Corp.		9,943		224,513
Intervest Bancshares Corp. Class A (a)		3,272		21,857
INTL FCStone Inc. (a)		2,578		44,986
Invesco Mortgage Capital		25,165		416,732
Investment Technology Group Inc. (a)		6,929		96,867
Investors Bancorp Inc.		8,644		182,216
Investors Real Estate Trust		18,640		160,304
Investors Title Co.		242		17,167
iStar Financial Inc. (a)		15,855		179,003
Janus Capital Group Inc.		27,675		235,514
JAVELIN Mortgage Investment Corp.		2,492		35,112
JMP Group Inc.		2,812		18,672
Kansas City Life Insurance Co.		743		28,435
Kearny Financial Corp. (a)		2,714		28,470
Kennedy-Wilson Holdings Inc.		9,736		162,007
Kite Realty Group Trust		16,921		102,034
Knight Capital Group Inc. Class A (a)		35,000		125,650
Ladenburg Thalmann Financial Services Inc. (a)		19,147		31,593
Lakeland Bancorp Inc.		5,627		58,690
Lakeland Financial Corp.		3,061		84,943
LaSalle Hotel Properties		17,769		438,894
LCNB Corp.		1,076		24,059
Lexington Realty Trust		31,359		366,273
LTC Properties Inc.		6,472		252,732
Macatawa Bank Corp. (a)		4,344		21,894
Maiden Holdings Ltd.		9,296		104,301
MainSource Financial Group Inc.		3,863		51,880
Manning & Napier Inc.		2,586		45,927
MarketAxess Holdings Inc.		6,962		325,474
Marlin Business Services Corp.		1,580		35,992
MB Financial Inc.		10,202		273,414
Meadowbrook Insurance Group Inc.		9,290		74,599
Medical Properties Trust Inc.		27,951		400,258
Mercantile Bank Corp.		1,643		29,525
Merchants Bancshares Inc.		1,049		31,019
Meridian Interstate Bancorp Inc. (a)		1,570		29,563
Meta Financial Group Inc.		994		26,122
Metro Bancorp Inc. (a)		2,638		52,839

See accompanying notes to financial statements. 31

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
MetroCorp Bancshares Inc.		3,033	$	29,602
MGIC Investment Corp. (a)		60,255		365,748
Middleburg Financial Corp.		969		18,508
MidSouth Bancorp Inc.		1,500		23,295
MidWestOne Financial Group Inc.		1,263		30,388
Monmouth Real Estate Investment Corp. Class A		7,955		78,516
Montpelier Re Holdings Ltd.		8,605		215,211
MPG Office Trust Inc. (a)		10,646		33,428
NASB Financial Inc. (a)		752		19,680
National Bank Holdings Corp. Class A		9,698		191,051
National Bankshares Inc.		1,322		46,971
National Financial Partners Corp. (a)		7,468		189,015
National Health Investors Inc.		4,586		274,518
National Interstate Corp.		1,192		34,866
National Penn Bancshares Inc.		21,822		221,712
National Western Life Insurance Co.		405		76,889
Navigators Group Inc., The (a)		1,901		108,433
NBT Bancorp Inc.		8,171		172,980
Nelnet Inc. Class A		4,271		154,140
Netspend Holdings Inc. (a)		6,542		104,476
New Residential Investment Corp.		46,928		316,295
New York Mortgage Trust Inc.		11,953		80,922
NewBridge Bancorp (a)		4,622		27,686
NewStar Financial Inc. (a)		4,917		65,494
Nicholas Financial Inc.		1,897		28,683
Northfield Bancorp Inc.		10,734		125,802
Northrim BanCorp Inc.		1,205		29,149
NorthStar Realty Finance Corp.		36,844		335,280
Northwest Bancshares Inc.		17,449		235,736
OceanFirst Financial Corp.		2,589		40,259
OFG Bancorp		8,508		154,080
Old National Bancorp		18,879		261,097
OmniAmerican Bancorp Inc. (a)		2,125		46,814
One Liberty Properties Inc.		2,135		46,885
OneBeacon Insurance Group Ltd. Class A		4,272		61,859
Oppenheimer Holdings Inc. Class A		1,853		35,281
Oritani Financial Corp.		8,469		132,794
Pacific Continental Corp.		3,383		39,919
Pacific Premier Bancorp Inc. (a)		2,824		34,509
PacWest Bancorp		7,055		216,236
Palmetto Bancshares Inc. (a)		810		10,530
Park National Corp.		2,148		147,761
Park Sterling Corp. (a)		8,343		49,307
Parkway Properties Inc.		8,081		135,438
Peapack-Gladstone Financial Corp.		1,647		28,822
Pebblebrook Hotel Trust		11,429		295,440
Penns Woods Bancorp Inc.		739		30,935
Pennsylvania Real Estate Investment Trust		12,672		239,247
PennyMac Financial Services Inc. Class A (a)		2,351		50,006
PennyMac Mortgage Investment Trust		11,454		241,107
Peoples Bancorp Inc.		2,016		42,497
PHH Corp. (a)		10,624		216,517
Phoenix Companies Inc., The (a)		1,073		46,139

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
PICO Holdings Inc. (a)		4,231	$	88,682
Pinnacle Financial Partners Inc. (a)		6,494		166,961
Piper Jaffray Companies Inc. (a)		3,192		100,899
Platinum Underwriters Holdings Ltd.		5,905		337,884
Portfolio Recovery Associates Inc. (a)		3,148		483,627
Potlatch Corp.		7,546		305,160
Preferred Bank (a)		2,241		36,932
Primerica Inc.		10,591		396,527
PrivateBancorp Inc.		12,084		256,302
Prosperity Bancshares Inc.		11,201		580,100
Provident Financial Holdings Inc.		1,670		26,520
Provident Financial Services Inc.		11,123		175,521
Provident New York Bancorp		8,193		76,523
PS Business Parks Inc.		3,399		245,306
Pzena Investment Management Inc. Class A		1,958		12,766
Radian Group Inc.		32,169		373,804
RAIT Financial Trust		13,048		98,121
Ramco-Gershenson Properties Trust		11,136		172,942
Redwood Trust Inc.		15,271		259,607
Regional Management Corp. (a)		1,004		25,100
Renasant Corp.		4,716		114,787
Republic Bancorp Inc. Class A		1,836		40,245
Resource America Inc. Class A		2,181		18,538
Resource Capital Corp.		23,678		145,620
Retail Opportunity Investments Corp.		12,462		173,222
RLI Corp.		3,956		302,278
RLJ Lodging Trust		23,024		517,810
Rockville Financial Inc.		5,141		67,244
Roma Financial Corp.		1,366		24,807
Rouse Properties Inc.		4,174		81,894
Ryman Hospitality Properties Inc.		8,201		319,921
S&T Bancorp Inc.		5,529		108,368
Sabra Health Care REIT Inc.		6,973		182,065
Safeguard Scientifics Inc. (a)		3,914		62,820
Safety Insurance Group Inc.		2,398		116,327
Sandy Spring Bancorp Inc.		4,621		99,906
Saul Centers Inc.		1,492		66,334
SCBT Financial Corp.		3,152		158,829
Seacoast Banking Corporation of Florida (a)		13,743		30,235
Select Income REIT		3,185		89,307
Selective Insurance Group Inc.		10,326		237,705
Sierra Bancorp		2,278		33,714
Silver Bay Realty Trust Corp.		2,860		47,362
Simmons First National Corp.		3,094		80,722
Southside Bancshares Inc.		3,348		79,950
Southwest Bancorp Inc. (a)		3,675		48,510
Sovran Self Storage Inc.		5,856		379,410
Spirit Realty Capital Inc.		10,684		189,320
STAG Industrial Inc.		7,770		155,012
State Auto Financial Corp.		2,850		51,784
State Bank Financial Corp.		5,933		89,173
StellarOne Corp.		4,253		83,571
Sterling Bancorp NY		5,672		65,909
Sterling Financial Corp.		6,309		150,028

32 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
Stewart Information Services Corp.		3,930	$	102,927
Stifel Financial Corp. (a)		11,814		421,405
Strategic Hotels & Resorts Inc. (a)		33,755		299,069
Suffolk Bancorp (a)		2,129		34,788
Summit Hotel Properties Inc.		12,183		115,129
Sun Bancorp Inc. (a)		7,731		26,208
Sun Communities Inc.		6,684		332,596
Sunstone Hotel Investors Inc. (a)		30,309		366,133
Susquehanna Bancshares Inc.		34,710		446,024
SWS Group Inc. (a)		5,507		30,013
SY Bancorp Inc.		2,575		63,165
Symetra Financial Corp.		15,111		241,625
Taylor Capital Group Inc. (a)		3,195		53,964
Tejon Ranch Co. (a)		2,562		72,991
Terreno Realty Corp.		3,505		64,948
Territorial Bancorp Inc.		1,999		45,197
Texas Capital Bancshares Inc. (a)		7,591		336,737
Thomas Properties Group Inc.		5,685		30,130
Tompkins Financial Corp.		2,670		120,657
Tower Group International Ltd.		10,645		218,329
TowneBank		4,937		72,673
Tree.com Inc.		1,141		19,557
Trico Bancshares		3,005		64,097
Tristate Capital Holdings Inc. (a)		1,193		16,404
Trustco Bank Corp. NY		17,593		95,706
Trustmark Corp.		12,505		307,373
UMB Financial Corp.		6,039		336,191
UMH Properties Inc.		2,662		27,339
Umpqua Holdings Corp.		20,843		312,853
Union First Market Bankshares Corp.		3,780		77,830
United Bankshares Inc.		7,972		210,859
United Community Banks Inc. (a)		8,086		100,428
United Community Financial Corp. (a)		7,222		33,582
United Financial Bancorp Inc.		3,691		55,919
United Fire Group Inc.		3,871		96,117
Universal Health Realty Income Trust		2,229		96,137
Universal Insurance Holdings Inc.		5,431		38,451
Univest Corp. of Pennsylvania		3,143		59,937
Urstadt Biddle Properties Inc.		4,684		94,476
ViewPoint Financial Group Inc.		7,402		154,036
Virginia Commerce Bancorp (a)		5,062		70,666
Virtus Investment Partners Inc. (a)		1,080		190,372
Walker & Dunlop Inc. (a)		3,059		53,532
Walter Investment Management Corp. (a)		6,879		232,579
Washington Banking Co.		2,841		40,342
Washington Real Estate Investment Trust		12,376		333,038
Washington Trust Bancorp Inc.		2,699		76,975
Waterstone Financial Inc. (a)		1,455		14,783
Webster Financial Corp.		16,781		430,936
WesBanco Inc.		4,860		128,450
West Bancorporation		2,929		34,416
Westamerica Bancorporation		5,026		229,638
Western Alliance Bancorp (a)		13,746		217,599
Western Asset Mortgage Capital Corp.		4,494		78,465

	Shares		Value
Common Stocks (Cont.)
Financials (Cont.)
Westfield Financial Inc.		3,646	$	25,522
Westwood Holdings Group Inc.		1,303		55,925
WhiteHorse Finance Inc.		1,260		19,845
Whitestone REIT Class B		3,145		49,565
Wilshire Bancorp Inc.		11,512		76,209
Winthrop Realty Trust		5,413		65,118
Wintrust Financial Corp.		6,896		263,979
WisdomTree Investments Inc. (a)		18,668		215,989
World Acceptance Corp. (a)		1,733		150,667
WSFS Financial Corp.		1,467		76,856
Yadkin Financial Corp. (a)		2,629		36,911
ZAIS Financial Corp.		1,047		19,029
				58,205,844
Health Care (12.09%)
Abaxis Inc.		4,115		195,504
Abiomed Inc. (a)		7,198		155,189
Acadia Healthcare Company Inc. (a)		6,587		217,832
ACADIA Pharmaceuticals Inc. (a)		13,033		236,549
Accelerate Diagnostics Inc. (a)		1,922		15,607
Accretive Health Inc. (a)		10,952		118,391
Accuray Inc. (a)		13,796		79,189
AcelRx Pharmaceuticals Inc. (a)		3,876		35,931
Achillion Pharmaceuticals Inc. (a)		17,925		146,626
Acorda Therapeutics Inc. (a)		7,546		248,943
Addus HomeCare Corp. (a)		1,013		19,997
Aegerion Pharmaceuticals Inc. (a)		5,379		340,706
Affymetrix Inc. (a)		13,227		58,728
Air Methods Corp.		7,233		245,054
Akorn Inc. (a)		10,815		146,219
Albany Molecular Research Inc. (a)		4,309		51,148
Align Technology Inc. (a)		13,606		503,966
Alimera Sciences Inc. (a)		3,129		15,270
Alliance HealthCare Services Inc. (a)		918		14,358
Almost Family Inc.		1,584		30,096
Alnylam Pharmaceuticals Inc. (a)		10,806		335,094
Alphatec Holdings Inc. (a)		11,416		23,403
AMAG Pharmaceuticals Inc. (a)		3,983		88,622
Amedisys Inc. (a)		5,867		68,175
Amicus Therapeutics Inc. (a)		5,829		13,582
AMN Healthcare Services Inc. (a)		8,546		122,379
Ampio Pharmaceuticals Inc. (a)		5,239		30,229
Amsurg Corp. (a)		5,946		208,705
Anacor Pharmaceuticals Inc. (a)		4,689		26,212
Analogic Corp.		2,279		165,980
Angiodynamics Inc. (a)		4,644		52,384
Anika Therapeutics Inc. (a)		2,283		38,811
Antares Pharma Inc. (a)		20,956		87,177
Arena Pharmaceuticals Inc. (a)		40,522		312,019
ArQule Inc. (a)		10,778		25,005
Array Biopharma Inc. (a)		21,759		98,786
ArthroCare Corp. (a)		5,247		181,179
Assisted Living Concepts Inc. Class A (a)		3,735		44,671
Astex Pharmaceuticals Inc. (a)		17,500		71,925
athenahealth Inc. (a)		6,833		578,892

See accompanying notes to financial statements. 33

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Health Care (Cont.)
AtriCure Inc. (a)		3,877	$	36,832
Atrion Corp.		293		64,082
Auxilium Pharmaceuticals Inc. (a)		9,137		151,948
AVANIR Pharmaceuticals Inc. Class A (a)		27,150		124,890
Aveo Pharmaceuticals Inc. (a)		9,567		23,918
BioDelivery Sciences International Inc. (a)		5,765		23,406
Biolase Inc. (a)		5,880		21,050
Bio-Reference Laboratories Inc. (a)		4,553		130,899
BioScrip Inc. (a)		10,838		178,827
BioTime Inc. (a)		6,981		27,645
Cadence Pharmaceuticals Inc. (a)		11,396		77,721
Cambrex Corp. (a)		5,578		77,925
Cantel Medical Corp.		4,074		137,986
Capital Senior Living Corp. (a)		5,321		127,172
Cardiovascular Systems Inc. (a)		3,885		82,362
Cell Therapeutics Inc. (a)		20,728		21,764
Celldex Therapeutics Inc. (a)		15,050		234,930
Cempra Inc. (a)		2,699		21,133
Centene Corp. (a)		10,116		530,685
Cepheid Inc. (a)		12,463		428,976
Cerus Corp. (a)		13,045		57,659
Chelsea Therapeutics International Ltd. (a)		12,409		28,541
Chemed Corp.		3,508		254,084
ChemoCentryx Inc. (a)		4,531		64,068
Chimerix Inc. (a)		1,558		37,766
Chindex International Inc. (a)		2,284		37,046
Clovis Oncology Inc. (a)		2,597		173,947
Computer Programs & Systems Inc.		2,065		101,474
Conmed Corp.		5,165		161,355
Corcept Therapeutics Inc. (a)		10,331		17,873
Cornerstone Therapeutics Inc. (a)		1,538		12,304
Coronado Biosciences Inc. (a)		4,093		35,200
Corvel Corp. (a)		2,256		66,033
Cross Country Healthcare Inc. (a)		4,868		25,119
CryoLife Inc.		5,156		32,277
Curis Inc. (a)		14,815		47,260
Cutera Inc. (a)		2,701		23,769
Cyberonics Inc. (a)		5,143		267,230
Cynosure Inc. Class A (a)		3,382		87,864
Cytokinetics Inc. (a)		4,585		53,048
Cytori Therapeutics Inc. (a)		11,722		26,961
Dendreon Corp. (a)		29,255		120,531
DepoMed Inc. (a)		10,573		59,315
Derma Sciences Inc. (a)		2,533		33,816
Dexcom Inc. (a)		13,113		294,387
Durata Therapeutics Inc. (a)		2,528		18,202
Dyax Corp. (a)		20,276		70,155
Dynavax Technologies Corp. (a)		34,707		38,178
Emergent Biosolutions Inc. (a)		5,049		72,807
Emeritus Corp. (a)		7,490		173,618
Enanta Pharmaceuticals Inc. (a)		660		11,689
Endocyte Inc. (a)		5,653		74,224
Endologix Inc. (a)		11,668		154,951
Ensign Group Inc., The		3,605		126,968

	Shares		Value
Common Stocks (Cont.)
Health Care (Cont.)
Enzon Pharmaceuticals Inc.		7,361	$	14,722
Epizyme Inc. (a)		1,091		30,690
Exact Sciences Corp. (a)		11,931		165,960
Exactech Inc. (a)		1,714		33,852
ExamWorks Group Inc. (a)		5,585		118,570
Exelixis Inc. (a)		34,117		154,891
Fibrocell Science Inc. (a)		3,055		18,697
Five Star Quality Care Inc. (a)		7,876		44,184
Fluidigm Corp. (a)		4,754		83,005
Furiex Pharmaceuticals Inc. (a)		1,245		42,417
Galena Biopharma Inc. (a)		15,432		34,259
GenMark Diagnostics Inc. (a)		5,403		55,867
Genomic Health Inc. (a)		3,102		98,364
Gentiva Health Services Inc. (a)		5,799		57,758
Geron Corp. (a)		23,966		35,949
Globus Medical Inc. Class A (a)		10,142		170,994
Greatbatch Inc. (a)		4,453		146,014
Greenway Medical Technologies Inc. (a)		2,660		32,824
GTx Inc. (a)		4,819		31,805
Haemonetics Corp. (a)		9,501		392,866
Halozyme Therapeutics Inc. (a)		16,540		131,328
Hanger Inc. (a)		6,453		204,108
Harvard Bioscience Inc. (a)		4,555		21,545
Healthsouth Corp. (a)		16,232		467,482
HealthStream Inc. (a)		3,729		94,418
Healthways Inc. (a)		6,350		110,363
HeartWare International Inc. (a)		3,043		289,420
Hi-Tech Pharmacal Co. Inc.		2,044		67,861
HMS Holdings Corp. (a)		16,311		380,046
Horizon Pharma Inc. (a)		9,481		23,323
Hyperion Therapeutics Inc. (a)		1,551		34,122
ICU Medical Inc. (a)		2,396		172,656
Idenix Pharmaceuticals Inc. (a)		18,494		66,763
ImmunoGen Inc. (a)		15,732		260,994
Immunomedics Inc. (a)		13,733		74,708
Impax Laboratories Inc. (a)		12,729		253,944
Infinity Pharmaceuticals Inc. (a)		8,899		144,609
Insmed Inc. (a)		5,242		62,694
Insulet Corp. (a)		9,951		312,561
Insys Therapeutics Inc. (a)		942		13,037
Integra LifeSciences Holdings Corp. (a)		3,739		136,960
Intercept Pharmaceuticals Inc. (a)		1,162		52,104
InterMune Inc. (a)		15,186		146,089
Invacare Corp.		5,909		84,853
IPC The Hospitalist Co. (a)		3,119		160,192
Ironwood Pharmaceuticals Inc. (a)		17,282		171,956
Isis Pharmaceuticals Inc. (a)		20,892		561,368
KaloBios Pharmaceuticals Inc. (a)		1,518		8,592
Keryx Biopharmaceuticals Inc. (a)		15,180		113,395
Kindred Healthcare Inc. (a)		10,088		132,455
KYTHERA Biopharmaceuticals Inc. (a)		1,887		51,043
Landauer Inc.		1,772		85,605
Lannett Company Inc. (a)		3,038		36,183
Lexicon Pharmaceuticals Inc. (a)		42,175		91,520
LHC Group Inc. (a)		2,254		44,133

34 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Health Care (Cont.)
Ligand Pharmaceuticals Inc. Class B (a)		3,336	$	124,833
Luminex Corp. (a)		6,949		143,219
Magellan Health Services Inc. (a)		5,030		282,082
MAKO Surgical Corp. (a)		7,811		94,123
MannKind Corp. (a)		27,669		179,848
Masimo Corp.		9,067		192,220
MedAssets Inc. (a)		11,322		200,852
Medical Action Industries Inc. (a)		2,667		20,536
Medicines Co., The (a)		10,415		320,365
Medidata Solutions Inc. (a)		4,946		383,068
MEI Pharma Inc. (a)		1,758		12,535
Merge Healthcare Inc. (a)		12,151		43,744
Meridian Bioscience Inc.		7,722		166,023
Merit Medical Systems Inc. (a)		7,848		87,505
Merrimack Pharmaceuticals Inc. (a)		16,824		113,226
MiMedx Group Inc. (a)		15,621		110,284
Molina Healthcare Inc. (a)		5,269		195,901
Momenta Pharmaceuticals Inc. (a)		8,785		132,302
MWI Veterinary Supply Inc. (a)		2,380		293,311
Nanosphere Inc. (a)		7,775		23,869
National Healthcare Corp.		2,002		95,696
National Research Corp. Class A (a)		1,572		28,296
National Research Corp. Class B		241		8,421
Natus Medical Inc. (a)		5,674		77,450
Navidea Biopharmaceuticals Inc. (a)		22,214		59,311
Nektar Therapeutics (a)		21,496		248,279
Neogen Corp. (a)		4,450		247,242
NeoGenomics Inc. (a)		6,019		23,956
Neurocrine Biosciences Inc. (a)		12,426		166,260
NewLink Genetics Corp. (a)		3,135		61,822
Novavax Inc. (a)		24,843		50,928
NPS Pharmaceuticals Inc. (a)		18,658		281,736
NuVasive Inc. (a)		8,222		203,823
NxStage Medical Inc. (a)		11,098		158,479
Omeros Corp. (a)		5,687		28,662
Omnicell Inc. (a)		6,432		132,178
Omthera Pharmaceuticals Inc. (a)		1,091		14,510
OncoGenex Pharmaceutical Inc. (a)		2,802		27,460
Opko Health Inc. (a)		26,408		187,497
Optimer Pharmaceuticals Inc. (a)		9,011		130,389
OraSure Technologies Inc. (a)		10,551		40,938
Orexigen Therapeutics Inc. (a)		17,581		102,849
Orthofix International NV (a)		3,605		96,974
Osiris Therapeutics Inc. (a)		3,117		31,388
OvaScience Inc. (a)		1,637		22,476
Owens & Minor Inc.		11,775		398,348
Pacific Biosciences of California Inc. (a)		8,356		21,057
Pacira Pharmaceuticals Inc. (a)		5,126		148,654
Parexel International Corp. (a)		10,574		485,770
PDL BioPharma Inc.		26,070		201,260
Peregrine Pharmaceuticals Inc. (a)		25,425		32,798
Pernix Therapeutics Holdings Inc. (a)		3,161		11,411
PharMerica Corp. (a)		5,567		77,159
PhotoMedex Inc. (a)		2,541		40,504
Portola Pharmaceuticals Inc. (a)		1,790		43,980

	Shares		Value
Common Stocks (Cont.)
Health Care (Cont.)
Pozen Inc. (a)		5,217	$	26,137
Progenics Pharmaceuticals Inc. (a)		9,431		42,062
Prothena Corp. PLC (a)		2,177		28,105
Providence Service Corp. (a)		1,980		57,598
Puma Biotechnology Inc. (a)		4,115		182,583
Quality Systems Inc.		7,422		138,866
Questcor Pharmaceuticals Inc.		9,651		438,734
Quidel Corp. (a)		5,235		133,650
Raptor Pharmaceutical Corp. (a)		10,340		96,679
Receptos Inc. (a)		1,059		21,064
Regulus Therapeutics Inc. (a)		1,680		16,481
Repligen Corp. (a)		5,903		48,641
Repros Therapeutics Inc. (a)		3,530		65,128
Rigel Pharmaceuticals Inc. (a)		16,277		54,365
Rochester Medical Corp. (a)		1,976		29,106
Rockwell Medical Inc. (a)		7,534		27,198
RTI Biologics Inc. (a)		10,494		39,457
Sagent Pharmaceuticals Inc. (a)		3,076		64,534
Sangamo BioSciences Inc. (a)		10,019		78,248
Santarus Inc. (a)		10,317		217,173
Sarepta Therapeutics Inc. (a)		5,935		225,827
SciClone Pharmaceuticals Inc. (a)		10,089		50,041
Select Medical Holdings Corp.		8,971		73,562
Sequenom Inc. (a)		21,404		90,111
SIGA Technologies Inc. (a)		6,754		19,181
Skilled Healthcare Group Inc. Class A (a)		3,788		25,304
Solta Medical Inc. (a)		13,287		30,294
Spectranetics Corp. (a)		7,524		140,548
Spectrum Pharmaceuticals Inc.		11,178		83,388
STAAR Surgical Co. (a)		6,857		69,599
Stemline Therapeutics Inc. (a)		1,694		40,385
STERIS Corp.		10,967		470,265
Sucampo Pharmaceuticals Inc. Class A (a)		2,523		16,601
Sunesis Pharmaceuticals Inc. (a)		5,868		30,572
Supernus Pharmaceuticals Inc. (a)		2,753		17,702
SurModics Inc. (a)		2,687		53,767
Symmetry Medical Inc. (a)		7,068		59,513
Synageva BioPharma Corp. (a)		3,169		133,098
Synergy Pharmaceuticals Inc. (a)		14,917		64,441
Synta Pharmaceuticals Corp. (a)		7,706		38,453
Targacept Inc. (a)		5,426		23,169
Team Health Holdings Inc. (a)		12,769		524,423
TearLab Corp. (a)		4,753		50,477
Tesaro Inc. (a)		2,485		81,359
Tetraphase Pharmaceuticals Inc. (a)		2,095		14,728
TG Therapeutics Inc. (a)		2,340		14,953
TherapeuticsMD Inc. (a)		14,438		43,747
Thoratec Corp. (a)		10,651		333,483
Threshold Pharmaceuticals Inc. (a)		8,802		46,299
Tornier NV (a)		4,810		84,175
Triple-S Management Corp. Class B (a)		4,372		93,867
Trius Therapeutics Inc. (a)		6,901		56,036
U.S. Physical Therapy Inc.		2,280		63,019
Unilife Corp. (a)		17,047		54,039
Universal American Corp.		7,084		62,977

See accompanying notes to financial statements. 35

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Health Care (Cont.)
USMD Holdings Inc. (a)		190	$	5,622
Utah Medical Products Inc.		608		33,014
Vanda Pharmaceuticals Inc. (a)		5,293		42,767
Vanguard Health Systems Inc. (a)		6,293		130,517
Vascular Solutions Inc. (a)		3,075		45,233
Verastem Inc. (a)		2,636		36,588
Vical Inc. (a)		14,363		44,956
ViroPharma Inc. (a)		12,146		347,983
VIVUS Inc. (a)		18,725		235,560
Vocera Communications Inc. (a)		3,906		57,418
Volcano Corp. (a)		10,103		183,167
WellCare Health Plans Inc. (a)		8,079		448,788
West Pharmaceutical Services Inc.		6,433		451,983
Wright Medical Group Inc. (a)		7,518		197,047
Xenoport Inc. (a)		8,290		41,036
XOMA Corp. (a)		11,712		42,515
Zeltiq Aesthetics Inc. (a)		3,279		20,953
ZIOPHARM Oncology Inc. (a)		13,029		27,361
Zogenix Inc. (a)		13,231		22,620
				32,266,668
Industrials (14.07%)
A.T. Cross Co. Class A (a)		1,742		29,527
Aaon Inc.		3,491		115,482
AAR Corp.		7,401		162,674
ABM Industries Inc.		10,158		248,971
Acacia Research Corp.		9,152		204,547
ACCO Brands Corp. (a)		21,131		134,391
Accuride Corp. (a)		7,490		37,899
Aceto Corp.		5,104		71,099
Acorn Energy Inc.		3,483		29,397
Actuant Corp. Class A		13,613		448,821
Acuity Brands Inc.		7,967		601,668
Advisory Board Co., The (a)		6,612		361,346
Aegion Corp. (a)		7,286		164,008
Aerovironment Inc. (a)		3,431		69,238
Air Transport Services Group Inc. (a)		9,691		64,058
Aircastle Ltd.		12,712		203,265
Alamo Group Inc.		1,294		52,821
Albany International Corp. Class A		5,206		171,694
Allegiant Travel Co.		2,790		295,712
Altra Holdings Inc.		5,035		137,858
Ameresco Inc. Class A (a)		3,651		32,896
American Railcar Industries Inc.		1,735		58,140
American Science & Engineering Inc.		1,520		85,120
American Superconductor Corp. (a)		7,812		20,624
American Woodmark Corp. (a)		1,866		64,750
Ampco-Pittsburgh Corp.		1,640		30,783
API Technologies Corp. (a)		6,103		17,088
Apogee Enterprises Inc.		5,354		128,496
Applied Industrial Technologies Inc.		7,839		378,859
ARC Document Solutions Inc. (a)		7,297		29,188
Argan Inc.		2,579		40,232
Arkansas Best Corp.		4,740		108,783
Astec Industries Inc.		3,769		129,239
Astronics Corp. (a)		2,336		95,472

	Shares		Value
Common Stocks (Cont.)
Industrials (Cont.)
Atlas Air Worldwide Holdings Inc. (a)		4,806	$	210,311
AZZ Inc.		4,746		183,006
Barnes Group Inc.		9,999		299,870
Barrett Business Services Inc.		1,317		68,761
Beacon Roofing Supply Inc. (a)		9,051		342,852
Belden Inc.		8,198		409,326
Blount International Inc. (a)		9,174		108,437
BlueLinx Holdings Inc. (a)		6,634		14,263
Brady Corp.		8,592		264,032
Briggs & Stratton Corp.		8,972		177,646
Brink’s Co., The		8,915		227,422
Builders FirstSource Inc. (a)		8,286		49,550
CAI International Inc. (a)		3,191		75,212
Capstone Turbine Corp. (a)		56,143		65,687
Casella Waste Systems Inc. Class A (a)		7,254		31,265
CBIZ Inc. (a)		7,095		47,607
CDI Corp.		2,673		37,850
CECO Environmental Corp.		1,871		23,013
Celadon Group Inc.		3,714		67,780
Cenveo Inc. (a)		9,868		21,019
Chart Industries Inc. (a)		5,640		530,668
CIRCOR International Inc.		3,271		166,363
Clarcor Inc.		9,239		482,368
Coleman Cable Inc.		1,608		29,040
Columbus McKinnon Corp. (a)		3,631		77,413
Comfort Systems USA Inc.		6,935		103,470
Commercial Vehicle Group Inc. (a)		4,598		34,301
CompX International Inc.		143		1,996
Consolidated Graphics Inc. (a)		1,348		63,369
Corporate Executive Board Co., The		6,254		395,378
Courier Corp.		2,087		29,802
CRA International Inc. (a)		1,864		34,428
Cubic Corp.		3,681		177,056
Curtiss-Wright Corp.		8,707		322,681
Deluxe Corp.		9,461		327,824
DigitalGlobe Inc. (a)		13,847		429,395
Douglas Dynamics Inc.		4,159		53,984
Ducommun Inc. (a)		1,963		41,733
DXP Enterprises Inc. (a)		1,762		117,349
Dycom Industries Inc. (a)		6,158		142,496
Dynamic Materials Corp.		2,505		41,358
Echo Global Logistics Inc. (a)		3,292		64,161
Edgen Group Inc. (a)		3,233		20,627
EMCOR Group Inc.		12,482		507,393
Encore Wire Corp.		3,837		130,842
Energy Recovery Inc. (a)		8,253		34,085
EnerNOC Inc. (a)		4,915		65,173
EnerSys		8,953		439,055
Engility Holdings Inc. (a)		3,177		90,290
Ennis Inc.		4,855		83,943
Enphase Energy Inc. (a)		2,950		22,804
EnPro Industries Inc. (a)		3,886		197,253
Erickson Air-Crane Inc. (a)		705		13,261
ESCO Technologies Inc.		4,917		159,212
Esterline Technologies Corp. (a)		5,816		420,439
ExOne Co., The (a)		1,135		70,052

36 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Industrials (Cont.)
Exponent Inc.		2,454	$	145,056
Federal Signal Corp. (a)		11,647		101,911
Flow International Corp. (a)		8,871		32,734
Forward Air Corp.		5,611		214,789
Franklin Covey Co. (a)		1,727		23,245
Franklin Electric Co. Inc.		8,835		297,298
Freightcar America Inc.		2,224		37,786
FTI Consulting Inc. (a)		7,495		246,511
FuelCell Energy Inc. (a)		29,343		37,266
Furmanite Corp. (a)		6,963		46,582
G&K Services Inc. Class A		3,620		172,312
GenCorp Inc. (a)		11,277		183,364
Generac Holdings Inc.		9,597		355,185
General Cable Corp.		9,243		284,222
Gibraltar Industries Inc. (a)		5,704		83,050
Global Brass & Copper Holdings Inc. (a)		1,482		19,622
Global Power Equipment Group Inc.		3,116		50,230
Gorman-Rupp Co., The		2,815		89,630
GP Strategies Corp. (a)		2,743		65,338
GrafTech International Ltd. (a)		21,680		157,830
Graham Corp.		1,848		55,495
Granite Construction Inc.		7,220		214,867
Great Lakes Dredge & Dock Co.		11,170		87,349
Greenbrier Companies Inc. (a)		4,545		110,762
Griffon Corp.		8,321		93,611
H&E Equipment Services Inc.		5,517		116,243
Hardinge Inc.		2,187		32,324
Hawaiian Holdings Inc. (a)		9,530		58,228
Healthcare Services Group Inc.		12,709		311,625
Heartland Express Inc.		8,582		119,032
Heico Corp.		9,872		497,253
Heidrick & Struggles International Inc.		3,350		56,012
Heritage-Crystal Clean Inc. (a)		1,624		23,727
Herman Miller Inc.		10,907		295,252
HNI Corp.		8,460		305,152
Houston Wire & Cable Co.		3,342		46,253
Hub Group Inc. (a)		6,881		250,606
Hurco Companies Inc.		1,189		34,208
Huron Consulting Group Inc. (a)		4,329		200,173
Hyster-Yale Materials Handling Inc.		1,962		123,194
ICF International Inc. (a)		3,670		115,642
II-VI Inc. (a)		9,497		154,421
Innerworkings Inc. (a)		8,207		89,046
Innovative Solutions and Support Inc.		2,284		14,618
Insperity Inc.		4,180		126,654
Insteel Industries Inc.		3,359		58,850
Interface Inc.		11,040		187,349
International Shipholding Corp.		1,022		23,843
Intersections Inc.		1,861		16,321
Jetblue Airways Corp. (a)		43,260		272,538
John Bean Technologies Corp.		5,398		113,412
Kadant Inc.		2,091		63,085
Kaman Corp.		5,051		174,563
Kaydon Corp.		5,999		165,272
Kelly Services Inc. Class A		5,012		87,560

	Shares		Value
Common Stocks (Cont.)
Industrials (Cont.)
Keyw Holding Corp., The (a)		5,911	$	78,321
Kforce Inc.		5,045		73,657
Kimball International Inc. Class B		6,052		58,765
Knight Transportation Inc.		10,935		183,927
Knoll Inc.		8,979		127,592
Korn/Ferry International (a)		9,059		169,766
Kratos Defense & Security Solutions Inc. (a)		8,175		52,974
L.B. Foster Co. Class A		1,884		81,332
Layne Christensen Co. (a)		3,672		71,641
Lindsay Corp.		2,393		179,427
LMI Aerospace Inc. (a)		1,918		35,943
LSI Industries Inc.		3,913		31,656
Lydall Inc. (a)		3,125		45,625
Manitex International Inc. (a)		2,259		24,736
Marten Transport Ltd.		4,384		68,697
MasTec Inc. (a)		11,048		363,479
Matson Inc.		7,913		197,825
McGrath Rentcorp		4,689		160,176
Meritor Inc. (a)		18,141		127,894
Met-Pro Corp.		2,805		37,699
Michael Baker Corp.		1,612		43,701
Middleby Corp. (a)		3,497		594,805
Miller Industries Inc.		2,058		31,652
Mine Safety Appliances Co.		5,261		244,900
Mistras Group Inc. (a)		2,940		51,685
Mobile Mini Inc. (a)		7,138		236,625
Moog Inc. Class A (a)		8,429		434,346
Mueller Industries Inc.		5,223		263,396
Mueller Water Products Inc.		29,421		203,299
Multi-Color Corp.		2,289		69,448
MYR Group Inc. (a)		3,929		76,419
National Presto Industries Inc.		891		64,179
National Technical Systems Inc. (a)		1,248		17,460
Navigant Consulting Inc. (a)		9,387		112,644
NCI Building Systems Inc. (a)		3,844		58,775
NL Industries Inc.		1,349		15,244
NN Inc.		3,197		36,478
Nortek Inc. (a)		1,671		107,663
Northwest Pipe Co. (a)		1,750		48,825
Odyssey Marine Exploration Inc. (a)		14,949		44,249
Omega Flex Inc.		508		7,554
On Assignment Inc. (a)		8,502		227,173
Orbital Sciences Corp. (a)		11,165		193,936
Orion Marine Group Inc. (a)		5,089		61,526
Pacer International Inc. (a)		6,593		41,602
Park-Ohio Holdings Corp. (a)		1,612		53,164
Patrick Industries Inc. (a)		1,236		25,696
Patriot Transportation Holding Inc. (a)		1,213		36,439
Pendrell Corp. (a)		30,383		79,603
Performant Financial Corp. (a)		4,135		47,925
PGT Inc. (a)		6,165		53,451
Pike Electric Corp.		4,810		59,163
Ply Gem Holdings Inc. (a)		2,931		58,796
PMFG Inc. (a)		3,855		26,677
Polypore International Inc. (a)		8,669		349,361

See accompanying notes to financial statements. 37

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Industrials (Cont.)
Powell Industries Inc. (a)		1,708	$	88,218
Power Solutions International Inc. (a)		359		12,059
PowerSecure International Inc. (a)		3,523		52,951
Preformed Line Products Co.		463		30,702
Primoris Services Corp.		6,556		129,284
Proto Labs Inc. (a)		3,174		206,215
Quad Graphics Inc.		4,648		112,017
Quality Distribution Inc. (a)		3,933		34,768
Quanex Building Products Corp.		6,958		117,173
Raven Industries Inc.		6,764		202,785
RBC Bearings Inc. (a)		4,271		221,878
Republic Airways Holdings Inc. (a)		9,069		102,752
Resources Connection Inc.		7,592		88,067
Revolution Lighting Technologies Inc. (a)		5,537		22,148
Rexnord Corp. (a)		5,624		94,764
Roadrunner Transportation Systems Inc. (a)		3,278		91,260
RPX Corp. (a)		6,005		100,884
Rush Enterprises Inc. Class A (a)		6,445		159,514
Saia Inc. (a)		4,510		135,165
Schawk Inc.		2,461		32,313
Simpson Manufacturing Co. Inc.		7,534		221,650
SkyWest Inc.		9,728		131,717
Sparton Corp. (a)		1,890		32,584
Spirit Airlines Inc. (a)		11,210		356,142
Standard Parking Corp. (a)		2,874		61,676
Standex International Corp.		2,368		124,912
Steelcase Inc.		15,662		228,352
Sterling Construction Company Inc. (a)		3,057		27,696
Sun Hydraulics Corp.		3,950		123,556
Swift Transportation Co. (a)		15,593		257,908
Swisher Hygiene Inc. (a)		21,772		18,722
TAL International Group Inc.		6,291		274,099
Taser International Inc. (a)		9,567		81,511
Team Inc. (a)		3,804		143,981
Tecumseh Products Co. Class A (a)		3,388		37,031
Teledyne Technologies Inc. (a)		6,949		537,505
Tennant Co.		3,426		165,373
Tetra Tech Inc. (a)		12,084		284,095
Textainer Group Holdings Ltd.		3,951		151,876
Thermon Group Holdings Inc. (a)		5,037		102,755
Titan International Inc.		9,961		168,042
Titan Machinery Inc. (a)		3,229		63,385
TMS International Corp. Class A		2,646		39,240
TRC Companies Inc. (a)		2,964		20,748
Trex Co. Inc. (a)		3,196		151,778
TriMas Corp. (a)		7,382		275,201
TrueBlue Inc. (a)		7,575		159,454
Tutor Perini Corp. (a)		6,938		125,508
Twin Disc Inc.		1,529		36,237
Ultrapetrol Bahamas Ltd. (a)		3,877		11,049
UniFirst Corp.		2,723		248,474
United Stationers Inc.		7,530		252,632
Universal Forest Products Inc.		3,673		146,626
Universal Truckload Services Inc. (a)		1,061		25,581
US Airways Group Inc. (a)		30,469		500,301

	Shares		Value
Common Stocks (Cont.)
Industrials (Cont.)
US Ecology Inc.		3,434	$	94,229
USG Corp. (a)		14,161		326,411
UTi Worldwide Inc.		16,837		277,305
Viad Corp.		3,783		92,759
Vicor Corp. (a)		3,324		22,769
VSE Corp.		765		31,419
Wabash National Corp. (a)		12,762		129,917
WageWorks Inc. (a)		4,641		159,882
Watsco Inc.		4,780		401,329
Watts Water Technologies Inc.		5,280		239,395
Werner Enterprises Inc.		8,513		205,759
Wesco Aircraft Holdings Inc. (a)		7,634		141,763
West Corp.		3,949		87,431
Woodward Inc.		12,793		511,720
Xerium Technologies Inc. (a)		2,017		20,533
XPO Logistics Inc. (a)		3,438		62,193
YRC Worldwide Inc. (a)		1,748		50,257
				37,534,994
Information Technology (17.07%)
Accelrys Inc. (a)		10,348		86,923
ACI Worldwide Inc. (a)		7,414		344,603
Active Network Inc., The (a)		9,997		75,677
Actuate Corp. (a)		8,847		58,744
Acxiom Corp. (a)		13,753		311,918
Adtran Inc.		11,022		271,251
Advanced Energy Industries Inc. (a)		7,313		127,319
Advent Software Inc. (a)		6,094		213,656
Aeroflex Holding Corp. (a)		3,783		29,848
Agilysys Inc. (a)		2,601		29,365
Alliance Fiber Optic Products Inc.		1,066		21,331
Alpha & Omega Semiconductor Ltd. (a)		3,320		25,365
Ambarella Inc. (a)		3,432		57,761
American Software Inc. Class A		4,420		38,410
Amkor Technology Inc. (a)		11,963		50,364
ANADIGICS Inc. (a)		15,252		33,554
Anaren Inc. (a)		2,172		49,826
Angie’s List Inc. (a)		7,858		208,630
Anixter International Inc. (a)		5,040		382,082
Applied Micro Circuits Corp. (a)		12,475		109,780
ARRIS Group Inc. (a)		21,678		311,079
Aruba Networks Inc. (a)		21,197		325,586
Aspen Technology Inc. (a)		17,434		501,925
ATMI Inc. (a)		5,942		140,528
Audience Inc. (a)		1,775		23,448
AVG Technologies NV (a)		4,449		86,533
Aviat Networks Inc. (a)		11,228		29,417
Avid Technology Inc. (a)		5,781		33,992
Axcelis Technologies Inc. (a)		19,988		36,378
Badger Meter Inc.		2,677		119,260
Bankrate Inc. (a)		8,601		123,510
Bazaarvoice Inc. (a)		8,893		83,772
Bel Fuse Inc.		1,850		24,882
Benchmark Electronics Inc. (a)		10,111		203,231
Black Box Corp.		3,003		76,036

38 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Information Technology (Cont.)
Blackbaud Inc.		8,493	$	276,617
Blackhawk Network Holdings Inc. (a)		2,130		49,416
Blucora Inc. (a)		7,595		140,811
Bottomline Technologies Inc. (a)		7,044		178,143
Brightcove Inc. (a)		5,199		45,543
BroadSoft Inc. (a)		5,241		144,652
Brooks Automation Inc.		12,389		120,545
Cabot Microelectronics Corp. (a)		4,333		143,032
CACI International Inc. Class A (a)		4,280		271,737
CalAmp Corp. (a)		6,504		94,958
Calix Inc. (a)		7,465		75,396
Callidus Software Inc. (a)		7,089		46,717
Carbonite Inc. (a)		2,194		27,184
Cardtronics Inc. (a)		8,347		230,377
Cass Information Systems Inc.		1,910		88,051
Cavium Inc. (a)		9,530		337,076
CEVA Inc. (a)		4,128		79,918
ChannelAdvisor Corp. (a)		1,104		17,366
Checkpoint Systems Inc. (a)		7,572		107,447
Ciber Inc. (a)		14,185		47,378
Ciena Corp. (a)		18,899		367,019
Cirrus Logic Inc. (a)		11,790		204,674
Cognex Corp.		8,083		365,513
Coherent Inc.		4,539		249,963
Cohu Inc.		4,535		56,688
CommVault Systems Inc. (a)		8,644		655,993
Computer Task Group Inc.		2,904		66,705
comScore Inc. (a)		6,643		162,023
Comtech Telecommunications Corp.		3,126		84,058
Comverse Inc. (a)		4,133		122,998
Constant Contact Inc. (a)		5,666		91,053
Convergys Corp.		19,538		340,547
Cornerstone OnDemand Inc. (a)		7,507		324,978
CoStar Group Inc. (a)		5,308		685,104
Cray Inc. (a)		7,378		144,904
CSG Systems International Inc. (a)		6,310		136,927
CTS Corp.		6,248		85,223
Cyan Inc. (a)		1,464		15,299
Cypress Semiconductor Corp. (a)		27,305		292,983
Daktronics Inc.		6,892		70,712
Datalink Corp. (a)		2,925		31,122
Dealertrack Technologies Inc. (a)		8,062		285,637
Demand Media Inc. (a)		6,656		39,936
Demandware Inc. (a)		2,985		126,594
Dice Holdings Inc. (a)		7,573		69,747
Digi International Inc. (a)		4,869		45,623
Digimarc Corp.		1,186		24,633
Digital River Inc. (a)		6,565		123,225
Diodes Inc. (a)		6,675		173,350
DSP Group Inc. (a)		3,709		30,822
DTS Inc. (a)		3,401		69,993
E2open Inc. (a)		2,724		47,670
EarthLink Inc.		19,173		119,064
Ebix Inc.		5,758		53,319
eGain Corp. (a)		2,414		23,223
Electro Rent Corp.		3,458		58,060

	Shares		Value
Common Stocks (Cont.)
Information Technology (Cont.)
Electro Scientific Industries Inc.		4,439	$	47,764
Electronics for Imaging Inc. (a)		8,640		244,426
Ellie Mae Inc. (a)		4,904		113,184
Emulex Corp. (a)		16,760		109,275
Entegris Inc. (a)		25,933		243,511
Entropic Communications Inc. (a)		16,723		71,407
Envestnet Inc. (a)		4,203		103,394
EPAM Systems Inc. (a)		4,058		110,296
EPIQ Systems Inc.		5,839		78,651
ePlus Inc.		704		42,163
Euronet Worldwide Inc. (a)		9,275		295,502
EVERTEC Inc. (a)		5,488		120,571
ExactTarget Inc. (a)		7,952		268,141
Exar Corp. (a)		7,056		75,993
Exlservice Holdings Inc. (a)		6,054		178,956
Extreme Networks Inc. (a)		17,337		59,813
Fabrinet (a)		5,255		73,570
Fair Isaac Corp.		6,665		305,457
FARO Technologies Inc. (a)		3,178		107,480
FEI Co.		7,174		523,630
Finisar Corp. (a)		17,324		293,642
Fleetmatics Group Ltd. PLC (a)		3,034		100,820
Formfactor Inc. (a)		9,995		67,466
Forrester Research Inc.		2,336		85,708
Fusion-io Inc. (a)		14,129		201,197
Gerber Scientific Inc. Escrow Shares (a) (b)		4,900		0
Global Cash Access Holdings Inc. (a)		12,428		77,799
Global Eagle Entertainment Inc. (a)		3,959		39,828
Globecomm Systems Inc. (a)		4,418		55,844
Glu Mobile Inc. (a)		10,614		23,351
GSI Group Inc. (a)		5,698		45,812
GSI Technology Inc. (a)		3,956		25,002
GT Advanced Technologies Inc. (a)		22,086		91,657
Guidance Software Inc. (a)		3,097		27,068
Guidewire Software Inc. (a)		7,797		327,864
Hackett Group Inc., The		4,796		24,891
Harmonic Inc. (a)		20,905		132,747
Heartland Payment Systems Inc.		6,756		251,661
Higher One Holdings Inc. (a)		5,810		67,628
Hittite Microwave Corp. (a)		5,861		339,938
Hutchinson Technology Inc. (a)		4,333		20,495
iGate Corp. (a)		6,465		106,155
Imation Corp. (a)		6,370		26,945
Immersion Corp. (a)		5,155		68,304
Imperva Inc. (a)		3,751		168,945
Infinera Corp. (a)		21,564		230,088
Infoblox Inc. (a)		9,307		272,323
Inphi Corp. (a)		4,832		53,152
Insight Enterprises Inc. (a)		8,098		143,659
Integrated Device Technology Inc. (a)		24,538		194,832
Integrated Silicon Solution Inc. (a)		5,266		57,715
Interactive Intelligence Group (a)		2,881		148,660
InterDigital Inc.		7,659		341,974
Intermec Inc. (a)		11,264		110,725
Intermolecular Inc. (a)		3,171		23,053

See accompanying notes to financial statements. 39

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Information Technology (Cont.)
Internap Network Services Corp. (a)		9,891	$	81,799
International Rectifier Corp. (a)		12,915		270,440
Intersil Corp. Class A		23,662		185,037
Intralinks Holdings Inc. (a)		7,108		51,604
InvenSense Inc. (a)		10,549		162,244
Itron Inc. (a)		7,341		311,479
Ixia (a)		10,496		193,126
IXYS Corp.		4,519		49,980
j2 Global Inc.		8,536		362,865
Jive Software Inc. (a)		7,353		133,604
Kemet Corp. (a)		8,203		33,714
Keynote Systems Inc.		3,071		60,683
Kopin Corp. (a)		12,646		46,917
KVH Industries Inc. (a)		2,791		37,148
Lattice Semiconductor Corp. (a)		21,547		109,243
Limelight Networks Inc. (a)		10,061		22,637
Lionbridge Technologies Inc. (a)		10,865		31,508
Liquidity Services Inc. (a)		4,618		160,106
Littelfuse Inc.		4,114		306,946
LivePerson Inc. (a)		10,254		91,825
LogMeIn Inc. (a)		4,516		110,461
LTX-Credence Corp. (a)		8,871		53,137
M/A-COM Technology Solutions Holdings Inc. (a)		1,936		28,266
Manhattan Associates Inc. (a)		3,623		279,551
ManTech International Corp. Class A		4,450		116,234
Marchex Inc. Class B		4,166		25,079
Marin Software Inc. (a)		1,695		17,357
Market Leader Inc. (a)		4,367		46,727
Marketo Inc. (a)		1,288		32,033
MAXIMUS Inc.		6,353		473,171
MaxLinear Inc. Class A (a)		4,222		29,554
Maxwell Technologies Inc. (a)		5,448		38,953
Measurement Specialties Inc. (a)		2,866		133,355
Mentor Graphics Corp.		17,728		346,582
Mercury Systems Inc. (a)		6,049		55,772
Mesa Laboratories Inc.		493		26,686
Methode Electronics Inc.		6,912		117,573
Micrel Inc.		8,690		85,857
Microsemi Corp. (a)		17,268		392,847
MicroStrategy Inc. (a)		1,681		146,180
Millennial Media Inc. (a)		6,536		56,929
Mindspeed Technologies Inc. (a)		8,002		25,926
Mitek Systems Inc. (a)		4,134		23,895
MKS Instruments Inc.		9,857		261,605
Model N Inc. (a)		1,499		35,017
ModusLink Global Solutions Inc. (a)		6,881		21,882
MoneyGram International Inc. (a)		3,999		90,577
Monolithic Power Systems Inc.		6,825		164,551
Monotype Imaging Holdings Inc.		7,105		180,538
Monster Worldwide Inc. (a)(c)		21,675		106,424
MoSys Inc. (a)		8,685		34,914
Move Inc. (a)		7,503		96,188
MTS Systems Corp.		2,944		166,630
Multi-Fineline Electronix Inc. (a)		1,700		25,177
Nanometrics Inc. (a)		4,311		63,242

	Shares		Value
Common Stocks (Cont.)
Information Technology (Cont.)
Navarre Corp. (a)		7,344	$	20,269
Neonode Inc. (a)		4,758		28,310
NeoPhotonics Corp. (a)		3,683		32,005
Net Element International (a)		369		1,915
Netgear Inc. (a)		7,163		218,758
NetScout Systems Inc. (a)		6,741		157,335
Newport Corp. (a)		7,310		101,828
NIC Inc.		12,075		199,600
NumereX Corp. Class A (a)		2,575		28,737
NVE Corp. (a)		918		42,981
Omnivision Technologies Inc. (a)		10,049		187,414
OpenTable Inc. (a)		4,239		271,084
Oplink Communications Inc. (a)		3,517		61,090
OSI Systems Inc. (a)		3,708		238,869
Park Electrochemical Corp.		3,881		93,183
ParkerVision Inc. (a)		16,455		74,870
PC Connection Inc.		1,741		26,898
PC-Tel Inc.		3,397		28,807
PDF Solutions Inc. (a)		4,616		85,073
Pegasystems Inc.		3,226		106,845
Peregrine Semiconductor Corp. (a)		4,881		53,252
Perficient Inc. (a)		6,208		82,815
Pericom Semiconductor Corp. (a)		4,281		30,481
Photronics Inc. (a)		11,254		90,707
Planet Payment Inc. (a)		7,779		21,470
Plantronics Inc.		8,052		353,644
Plexus Corp. (a)		6,345		189,652
PLX Technology Inc. (a)		8,295		39,484
PMC-Sierra Inc. (a)		37,864		240,436
Power Integrations Inc.		5,383		218,334
Power-One Inc. (a)		12,393		78,324
PRGX Global Inc. (a)		5,287		29,026
Procera Networks Inc. (a)		3,791		52,050
Progress Software Corp. (a)		10,260		236,083
Proofpoint Inc. (a)		4,051		98,156
PROS Holdings Inc. (a)		4,195		125,640
PTC Inc. (a)		22,250		545,792
QAD Inc. Class A		1,050		12,054
QLIK Technologies Inc. (a)		16,188		457,635
QLogic Corp. (a)		16,557		158,285
Qualys Inc. (a)		2,757		44,443
Quantum Corp. (a)		39,610		54,266
QuinStreet Inc. (a)		5,849		50,477
Radisys Corp. (a)		4,431		21,313
Rally Software Development Corp. (a)		1,276		31,670
Rambus Inc. (a)		20,788		178,569
RealD Inc. (a)		7,551		104,959
Realnetworks Inc. (a)		4,335		32,773
RealPage Inc. (a)		8,641		158,476
Reis Inc. (a)		1,523		28,160
Responsys Inc. (a)		6,815		97,523
RF Micro Devices Inc. (a)		52,336		279,998
Richardson Electronics Ltd.		2,234		26,227
Rofin-Sinar Technologies Inc. (a)		5,265		131,309
Rogers Corp. (a)		3,169		149,957

40 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Information Technology (Cont.)
Rosetta Stone Inc. (a)		2,132	$	31,426
Rubicon Technology Inc. (a)		3,392		27,170
Ruckus Wireless Inc. (a)		8,083		103,543
Rudolph Technologies Inc. (a)		6,006		67,267
Sanmina Corp. (a)		15,403		221,033
Sapiens International Corp. NV		3,123		17,926
Sapient Corp. (a)		20,540		268,252
ScanSource Inc. (a)		5,182		165,824
SciQuest Inc. (a)		4,228		105,911
SeaChange International Inc. (a)		6,065		71,021
Semtech Corp. (a)		12,536		439,136
ServiceSource International Inc. (a)		11,334		105,633
ShoreTel Inc. (a)		10,865		43,786
Shutterstock Inc. (a)		1,374		76,642
Sigma Designs Inc. (a)		5,716		28,866
Silicon Graphics International Corp. (a)		6,340		84,829
Silicon Image Inc. (a)		14,398		84,228
Silver Spring Networks Inc. (a)		1,092		27,234
Sonus Networks Inc. (a)		40,185		120,957
Sourcefire Inc. (a)		5,795		321,912
Spansion Inc. Class A (a)		8,810		110,301
Spark Networks Inc. (a)		3,247		27,437
SPS Commerce Inc. (a)		2,790		153,450
SS&C Technologies Holdings Inc. (a)		10,825		356,142
Stamps.com Inc. (a)		2,434		95,875
STEC Inc. (a)		6,266		42,108
SunEdison Inc. (a)		43,137		352,429
SunPower Corp. (a)		7,671		158,790
Super Micro Computer Inc. (a)		5,892		62,691
Supertex Inc.		1,842		44,042
Support.com Inc. (a)		9,511		43,465
Sykes Enterprises Inc. (a)		7,298		115,016
Symmetricom Inc. (a)		7,670		34,438
Synaptics Inc. (a)		6,044		233,057
Synchronoss Technologies Inc. (a)		5,417		167,223
SYNNEX Corp. (a)		4,905		207,383
Syntel Inc.		2,869		180,374
Take-Two Interactive Software Inc. (a)		15,074		225,658
Tangoe Inc. (a)		5,770		89,031
TechTarget (a)		2,580		11,533
TeleCommunication Systems Inc. Class A (a)		8,690		20,248
TeleNav Inc. (a)		3,153		16,490
TeleTech Holdings Inc. (a)		3,707		86,855
Tellabs Inc.		66,157		130,991
TESSCO Technologies Inc.		1,052		27,773
Tessera Technologies Inc.		9,818		204,214
TiVo Inc. (a)		23,561		260,349
Travelzoo Inc. (a)		1,478		40,290
TriQuint Semiconductor Inc. (a)		30,381		210,540
Trulia Inc. (a)		4,454		138,475
TTM Technologies Inc. (a)		9,854		82,774
Tyler Technologies Inc. (a)		5,860		401,703
Ubiquiti Networks Inc.		2,332		40,903
Ultimate Software Group Inc. (a)		5,143		603,222
Ultra Clean Holdings Inc. (a)		4,472		27,056

	Shares		Value
Common Stocks (Cont.)
Information Technology (Cont.)
Ultratech Inc. (a)		5,160	$	189,475
Uni-Pixel Inc. (a)		1,882		27,684
Unisys Corp. (a)		8,215		181,305
United Online Inc.		17,333		131,384
Universal Display Corp. (a)		7,484		210,375
Unwired Planet Inc. (a)		16,803		32,766
ValueClick Inc. (a)		14,178		349,913
VASCO Data Security International Inc. (a)		5,312		44,143
Veeco Instruments Inc. (a)		7,285		258,035
Verint Systems Inc. (a)		9,795		347,429
ViaSat Inc. (a)		7,357		525,731
Viasystems Group Inc. (a)		726		8,371
Virnetx Holding Corp. (a)		7,855		157,021
Virtusa Corp. (a)		3,793		84,053
Vishay Precision Group Inc. (a)		2,311		34,989
VistaPrint NV (a)		6,073		299,824
Vocus Inc. (a)		3,503		36,852
Volterra Semiconductor Corp. (a)		4,654		65,714
Vringo Inc. (a)		12,424		39,384
Web.com Group Inc. (a)		7,793		199,501
WebMD Health Corp. (a)		6,535		191,933
Westell Technologies Inc. Class A (a)		8,164		19,512
WEX Inc. (a)		7,215		553,390
XO Group Inc. (a)		4,974		55,709
Xoom Corp. (a)		1,336		30,621
Yelp Inc. (a)		5,531		192,313
Zillow Inc. (a)		3,872		217,994
Zix Corp. (a)		11,569		48,937
Zygo Corp. (a)		3,063		48,428
				45,552,656
Materials (4.86%)
A. Schulman Inc.		5,478		146,920
ADA-ES Inc.		1,873		78,891
AEP Industries Inc. (a)		820		60,997
AK Steel Holding Corp. (a) (c)		25,301		76,915
Allied Nevada Gold Corp. (a)		19,287		124,980
AM Castle & Co. (a)		3,299		51,992
AMCOL International Corp.		5,161		163,552
American Pacific Corp. (a)		1,092		30,958
American Vanguard Corp.		5,318		124,601
Arabian American Development Co. (a)		3,642		31,685
Axiall Corp.		12,983		552,816
Balchem Corp.		5,504		246,304
Berry Plastics Group Inc. (a)		10,291		227,122
Boise Cascade Co. (a)		2,508		63,728
Boise Inc.		18,750		160,125
Buckeye Technologies Inc.		7,546		279,504
Calgon Carbon Corp. (a)		10,073		168,018
Century Aluminum Co. (a)		9,561		88,726
Chase Corp.		1,231		27,525
Chemtura Corp. (a)		18,290		371,287

See accompanying notes to financial statements. 41

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Materials (Cont.)
Clearwater Paper Corp. (a)		4,124	$	194,076
Coeur Mining Inc. (a)		18,875		251,038
Commercial Metals Co.		21,691		320,376
Deltic Timber Corp.		2,053		118,704
Ferro Corp. (a)		13,498		93,811
Flotek Industries Inc. (a)		8,893		159,540
FutureFuel Corp.		4,017		56,921
General Moly Inc. (a)		10,831		20,254
Globe Specialty Metals Inc.		11,962		130,027
Gold Resource Corp.		6,137		53,453
Graphic Packaging Holding Co. (a)		38,940		301,396
GSE Holding Inc. (a)		1,566		9,067
Handy & Harman Ltd. (a)		1,024		18,309
Hawkins Inc.		1,732		68,223
Haynes International Inc.		2,299		110,053
HB Fuller Co.		9,358		353,826
Headwaters Inc. (a)		13,635		120,533
Hecla Mining Co.		61,830		184,253
Horsehead Holding Corp. (a)		8,226		105,375
Innophos Holdings Inc.		4,083		192,595
Innospec Inc.		4,363		175,305
Intrepid Potash Inc.		10,145		193,262
Kaiser Aluminum Corp.		3,519		217,967
Kapstone Paper and Packaging Corp.		7,589		304,926
KMG Chemicals Inc.		1,525		32,178
Koppers Holdings Inc.		3,852		147,069
Kraton Performance Polymers Inc. (a)		6,055		128,366
Landec Corp. (a)		4,814		63,593
Louisiana-Pacific Corp. (a)		25,911		383,224
LSB Industries Inc. (a)		3,553		108,047
Materion Corp.		3,825		103,619
Midway Gold Corp. (a)		21,243		20,032
Minerals Technologies Inc.		6,484		268,049
Molycorp Inc. (a)		23,023		142,743
Myers Industries Inc.		5,263		78,998
Neenah Paper Inc.		2,959		94,007
Noranda Aluminum Holding Corp.		6,525		21,076
Olin Corp.		14,938		357,317
Olympic Steel Inc.		1,690		41,405
OM Group Inc. (a)		5,948		183,912
Omnova Solutions Inc. (a)		8,787		70,384
P. H. Glatfelter Co.		7,965		199,922
Paramount Gold and Silver Corp. (a)		26,137		31,103
Penford Corp. (a)		1,735		23,232
PolyOne Corp.		18,490		458,182
Quaker Chemical Corp.		2,447		151,738
Resolute Forest Products (a)		12,952		170,578
RTI International Metals Inc. (a)		5,806		160,884
Schnitzer Steel Industries Inc. Class A		4,765		111,406
Schweitzer-Mauduit International Inc.		5,827		290,651
Sensient Technologies Corp.		9,305		376,573
Stepan Co.		3,501		194,691
Stillwater Mining Co. (a)		21,986		236,130
SunCoke Energy Inc. (a)		13,030		182,681
Taminco Corp. (a)		2,929		59,722

	Shares		Value
Common Stocks (Cont.)
Materials (Cont.)
Texas Industries Inc. (a)		4,051	$	263,882
Tredegar Corp.		4,604		118,323
UFP Technologies Inc. (a)		1,027		20,109
United States Lime & Minerals Inc. (a)		357		18,653
Universal Stainless & Alloy Products Inc. (a)		1,277		37,646
US Concrete Inc. (a)		2,482		40,754
US Silica Holdings Inc.		3,989		82,891
Walter Energy Inc.		11,616		120,806
Wausau Paper Corp.		9,127		104,048
Worthington Industries Inc.		9,844		312,153
Zep Inc.		4,159		65,837
Zoltek Companies Inc. (a)		5,057		65,290
				12,971,840
Telecommunication Services (0.75%)
8x8 Inc. (a)		13,541		111,578
Atlantic Tele-Network Inc.		1,727		85,763
Boingo Wireless Inc. (a)		3,405		21,145
Cbeyond Inc. (a)		5,121		40,149
Cincinnati Bell Inc. (a)		38,754		118,587
Cogent Communications Group Inc.		8,787		247,354
Consolidated Communications Holdings Inc.		7,518		130,888
FairPoint Communications Inc. (a)		3,849		32,139
General Communication Inc. Class A (a)		5,933		46,455
Hawaiian Telcom Holdco Inc. (a)		1,970		49,565
HickoryTech Corp.		2,587		27,500
IDT Corp. Class B		2,864		53,528
inContact Inc. (a)		9,925		81,584
Iridium Communications Inc. (a)		11,828		91,785
Leap Wireless International Inc. (a)		10,235		68,882
Lumos Networks Corp.		2,850		48,735
magicJack VocalTec Ltd. (a)		3,450		48,956
Neutral Tandem Inc.		5,997		34,483
NII Holdings Inc. (a)		31,932		212,986
NTELOS Holdings Corp.		2,848		46,878
Orbcomm Inc. (a)		6,837		30,698
Premiere Global Services Inc. (a)		8,970		108,268
Primus Telecommunications Group Inc.		2,338		27,916
Shenandoah Telecommunications Co.		4,489		74,877
Towerstream Corp. (a)		12,271		31,291
USA Mobility Inc.		4,035		54,755
Vonage Holdings Corp. (a)		26,232		74,236
				2,000,981
Utilities (3.22%)
Allete Inc.		7,407		369,239
American States Water Co.		3,587		192,514
Artesian Resources Corp. Class A		1,455		32,417
Atlantic Power Corp.		22,287		87,811
Avista Corp.		11,141		301,030
Black Hills Corp.		8,269		403,114

42 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Utilities (Cont.)
California Water Service Group		8,874	$	173,132
Chesapeake Utilities Corp.		1,803		92,836
Cleco Corp.		11,241		521,920
Connecticut Water Service Inc.		2,046		58,720
Consolidated Water Co. Ltd.		2,748		31,410
Delta Natural Gas Company Inc.		1,320		28,050
Dynegy Inc. (a)		18,552		418,348
El Paso Electric Co.		7,483		264,225
Empire District Electric Co., The		7,953		177,431
Genie Energy Ltd. Class B		2,495		22,829
Idacorp Inc.		9,341		446,126
Laclede Group Inc., The		6,057		276,563
MGE Energy Inc.		4,300		235,468
Middlesex Water Co.		2,948		58,724
New Jersey Resources Corp.		7,762		322,356
Northwest Natural Gas Co.		5,001		212,442
NorthWestern Corp.		7,035		280,696
Ormat Technologies Inc.		3,290		77,381
Otter Tail Corp.		6,755		191,842
Piedmont Natural Gas Company Inc.		14,038		473,642
PNM Resources Inc.		14,825		328,967
Portland General Electric Co.		14,075		430,554
Pure Cycle Corp. (a)		3,152		17,620
SJW Corp.		2,849		74,644
South Jersey Industries Inc.		5,942		341,130
Southwest Gas Corp.		8,610		402,862
UIL Holdings Corp.		9,433		360,812
Unitil Corp.		2,586		74,684
UNS Energy Corp.		7,704		344,600
WGL Holdings Inc.		9,608		415,258
York Water Co.		2,430		46,243
				8,587,640
Total Common Stocks
(cost $218,438,710)				259,704,893
Registered Investment Companies (1.18%)
Financials (1.18%)
Apollo Investment Corp.		41,822		323,701
BlackRock Kelso Capital Corp.		13,827		129,421
Capital Southwest Corp.		622		85,730
Fidus Investment Corp.		2,582		48,309
Fifth Street Finance Corp.		22,487		234,989
Firsthand Technology Value Fund Inc. (a)		1,570		31,180
Garrison Capital Inc.		1,084		16,715
Gladstone Capital Corp.		3,923		32,051
Gladstone Investment Corp.		5,042		37,059

	Shares		Value
Registered Investment Companies (Cont.)
Financials (Cont.)
Golub Capital BDC LLC Inc.		6,417	$	112,298
GSV Capital Corp. (a)		3,524		27,699
Hercules Technology Growth Capital Inc.		11,475		159,962
KCAP Financial Inc.		5,249		59,104
Main Street Capital Corp.		6,455		178,739
MCG Capital Corp.		13,320		69,397
Medallion Financial Corp.		3,463		48,170
Medley Capital Corp.		5,381		73,074
MVC Capital Inc.		4,402		55,421
New Mountain Finance Corp.		5,788		81,958
NGP Capital Resources Co.		3,866		23,699
PennantPark Floating Rate Capital Ltd.		1,882		26,611
PennantPark Investment Corp.		12,394		136,954
Prospect Capital Corp.		45,215		488,322
Solar Capital Ltd.		8,364		193,125
Solar Senior Capital Ltd.		2,092		38,514
Stellus Capital Investment Corp.		2,225		33,486
TCP Capital Corp.		4,797		80,446
THL Credit Inc.		4,862		73,854
TICC Capital Corp.		9,739		93,689
Triangle Capital Corp.		5,140		141,401
				3,135,078
Total Registered Investment Companies
(cost $3,471,867)				3,135,078
Short-term Investments (1.38%)
State Street Institutional U.S. Government Money Market Fund		3,693,030		3,693,030
Total Short-term Investments
(cost $3,693,030)				3,693,030
TOTAL INVESTMENTS (99.89%)
(cost $225,603,607)				266,533,001
CASH AND OTHER ASSETS, NET OF LIABILITIES (0.11%)				290,297
NET ASSETS (100.00%)			$	266,823,298

(a) Non-income producing security.

(b) In accordance with the Trust’s valuation procedures, State Farm Investment Management Corp. (“SFIMC”) determined the fair value for the security considering the facts and circumstances related to the particular security.

(c) At June 30, 2013, this security has been pledged to cover, in whole or in part, initial margin requirements for open futures contracts.

OPEN FUTURES CONTRACTS

	Contracts			Notional		Market		Unrealized
Description	Purchased	Expiration		Value		Value		Gain (Loss)
Russell 2000 Mini Index	43		September 2013	$	4,173,537	$	4,191,210	$	17,673

See accompanying notes to financial statements. 43

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (a) (98.35%)
Australia (7.92%)
AGL Energy Ltd.		13,441	$	177,853
ALS Ltd.		8,280		72,081
Alumina Ltd. (b)		60,921		54,218
Amcor Ltd.		28,086		259,568
AMP Ltd.		69,890		270,293
APA Group		18,901		103,577
Asciano Ltd.		23,966		109,614
ASX Ltd.		4,386		132,263
Aurizon Holdings Ltd.		49,048		186,310
Australia & New Zealand Banking Group Ltd.		66,186		1,718,144
Bendigo and Adelaide Bank Ltd.		9,875		90,552
BGP Holdings PLC (b) (c)		253,848		0
BHP Billiton Ltd.		77,097		2,219,069
Boral Ltd.		18,123		69,345
Brambles Ltd.		37,900		322,837
Caltex Australia Ltd.		3,404		55,990
CFS Retail Property Trust		54,445		99,262
Coca-Cola Amatil Ltd.		13,053		151,233
Cochlear Ltd.		1,394		78,237
Commonwealth Bank of Australia		38,629		2,431,544
Computershare Ltd.		11,101		104,083
Crown Ltd.		9,397		103,592
CSL Ltd.		11,939		670,688
Dexus Property Group		112,703		109,908
Echo Entertainment Group Ltd.		16,753		46,958
Federation Centres		37,313		80,869
Flight Centre Ltd.		1,483		53,103
Fortescue Metals Group Ltd.		39,488		108,704
Goodman Group		40,027		177,959
GPT Group		42,784		150,228
Harvey Norman Holdings Ltd.		13,901		32,261
Iluka Resources Ltd.		10,050		90,572
Incitec Pivot Ltd.		40,008		104,167
Insurance Australia Group Ltd.		49,730		246,845
James Hardie Industries PLC		10,517		90,308
Leighton Holdings Ltd.		3,854		54,010
Lend Lease Corp. Ltd.		13,545		103,270
Macquarie Group Ltd.		7,301		278,467
Metcash Ltd.		21,564		69,177
Mirvac Group		86,117		126,075
National Australia Bank Ltd.		56,356		1,524,427
Newcrest Mining Ltd.		18,422		170,057
Orica Ltd.		8,751		164,960
Origin Energy Ltd.		26,638		305,255
Qantas Airways Ltd. (b)		27,618		33,923
QBE Insurance Group Ltd.		28,967		401,062
Ramsay Health Care Ltd.		3,312		108,255
Rio Tinto Ltd.		10,323		494,733
Santos Ltd.		23,293		265,262
Seek Ltd.		7,827		64,790
Sonic Healthcare Ltd.		8,775		119,211
SP Ausnet		44,826		48,093
Stockland		53,807		171,206
Suncorp Group Ltd.		31,097		337,747
Sydney Airport		5,076		15,663

	Shares		Value
Common Stocks (Cont.)
Australia (Cont.)
Tabcorp Holding Ltd.		17,309	$	48,205
Tatts Group Ltd.		34,276		99,012
Telstra Corp. Ltd.		105,465		458,506
Toll Holdings Ltd.		16,834		81,475
Transurban Group		34,965		215,927
Treasury Wine Estates Ltd.		16,926		89,940
Wesfarmers Ltd.		24,237		877,042
Westfield Group		51,167		535,904
Westfield Retail Trust		72,191		204,162
Westpac Banking Corp.		74,489		1,955,699
Whitehaven Coal Ltd.		10,997		23,138
Woodside Petroleum Ltd.		15,767		502,146
Woolworths Ltd.		29,837		893,816
WorleyParsons Ltd.		5,088		90,135
				21,702,985
Austria (0.27%)
Andritz AG		1,796		92,148
Erste Group Bank AG		5,834		155,499
Immoeast Interim Shares (b) (c)		11,178		0
Immofinanz AG (b)		24,869		92,798
Immofinanz AG Interim Shares (b) (c)		9,273		0
Oesterreichische Elektrizitaetswirtschafts AG (Verbund) Class A		1,708		32,395
OMV AG		3,595		162,174
Raiffeisen Bank International AG		1,232		35,868
Telekom Austria AG		6,073		38,432
Vienna Insurance Group AG		960		44,534
VoestAlpine AG		2,771		97,992
				751,840
Belgium (1.13%)
Ageas		5,365		188,249
Anheuser-Busch InBev NV		19,245		1,732,687
Belgacom SA		3,718		83,246
Colruyt SA		1,901		100,029
Delhaize Group		2,323		143,613
Groupe Bruxelles Lambert SA		1,915		144,235
KBC GROEP NV		5,409		201,644
Solvay SA		1,367		178,994
Telenet Group Holding NV		1,205		55,254
UCB SA		2,681		143,918
Umicore SA		2,837		117,806
				3,089,675
Denmark (1.10%)
A P Moller-Maersk A/S Class A		14		94,261
A P Moller-Maersk A/S Class B		31		221,762
Carlsberg A/S Class B		2,478		221,573
Coloplast A/S Class B		2,610		146,144
Danske Bank A/S (b)		15,925		271,664
DSV A/S		4,416		107,574
Novo Nordisk A/S Class B		9,743		1,514,670
Novozymes A/S B Shares		5,487		175,750

44 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Denmark (Cont.)
TDC A/S		17,973	$	145,523
Tryg A/S		621		51,162
William Demant Holding A/S (b)		671		55,439
				3,005,522
Finland (0.76%)
Elisa OYJ		3,370		65,802
Fortum OYJ		10,232		191,679
Kesko OYJ		1,687		46,863
Kone Corp. OYJ Class B		3,743		296,893
Metso OYJ		2,845		96,368
Neste Oil OYJ		3,247		47,382
Nokia OYJ (b)		90,546		337,550
Nokian Renkaat OYJ		2,726		110,924
Orion OYJ Class B		2,451		57,432
Pohjola Bank PLC		3,269		48,036
Sampo OYJ A Shares		10,087		392,786
Stora Enso OYJ R Shares		12,578		84,226
UPM-Kymmene OYJ		13,109		128,480
Wartsila OYJ Class B		4,350		188,986
				2,093,407
France (9.04%)
Accor SA		4,031		141,693
Aeroports de Paris (ADP)		670		65,131
Air Liquide SA		7,435		918,221
Alstom SA		5,082		166,709
Arkema		1,521		139,423
AtoS		1,332		98,992
AXA SA		42,864		844,965
BNP Paribas SA		23,845		1,305,395
Bouygues SA		4,596		117,115
Bureau Veritas SA		5,016		129,891
Cap Gemini SA		3,529		171,374
Carrefour SA		14,432		396,399
Casino Guichard Perrachon SA		1,331		124,723
CGG (b)		3,866		85,659
Christian Dior SA		1,298		209,696
Cie Generale des Etablissements Michelin Class B		4,422		395,397
CNP Assurances		3,536		50,770
Compagnie de Saint-Gobain		9,553		387,092
Credit Agricole SA (b)		23,821		205,023
DANONE SA		13,693		1,030,650
Dassault Systemes SA		1,493		182,485
Edenred		4,918		150,588
Electricite de France		6,025		139,820
Essilor International SA		4,886		520,544
Eurazeo		864		46,329
European Aeronautic Defence and Space Co. NV		13,996		748,796
Eutelsat Communications		3,661		103,866
Fonciere des Regions		674		50,517
France Telecom SA		43,817		414,920
GDF Suez		31,649		620,790
Gecina SA		555		61,341

	Shares		Value
Common Stocks (Cont.)
France (Cont.)
Groupe Eurotunnel SA		12,200	$	92,768
ICADE		551		45,451
Iliad SA		558		120,555
Imerys SA		864		53,049
JC Decaux SA		1,551		42,218
Kering		1,826		371,567
Klepierre		2,449		96,514
Lafarge SA		4,486		275,454
Lagardere SCA		2,379		66,378
Legrand SA		6,048		280,417
L’Oreal SA		5,776		949,484
LVMH Moet Hennessy Louis Vuitton SA		6,074		986,140
Natixis		21,249		89,219
Pernod Ricard SA		5,123		568,622
Publicis Groupe		4,334		308,664
Remy Cointreau SA		671		71,200
Renault SA		4,551		306,544
Rexel SA		3,936		88,681
Safran SA		6,032		314,909
Sanofi		28,644		2,961,231
Schneider Electric SA		12,624		916,839
SCOR SE		3,600		110,493
SES		7,427		212,795
Societe BIC SA		703		70,524
Societe Generale		16,760		576,803
Sodexo		2,169		180,591
STMicroelectronics NV		15,749		141,534
Suez Environnement Co.		6,744		87,163
Technip SA		2,451		249,101
Thales SA		2,226		103,874
Total SA		51,084		2,495,104
Vallourec SA		2,527		128,236
Veolia Environnement		7,917		90,390
Vinci SA		11,111		557,334
Vivendi		28,533		540,746
Wendel		766		78,997
Zodiac Aerospace		845		111,882
				24,765,785
Germany (7.93%)
Adidas AG		5,062		547,196
Allianz SE Reg.		10,942		1,597,108
Axel Springer AG		996		42,384
BASF SE		22,046		1,966,359
Bayer AG		19,850		2,113,440
Bayerische Motoren Werke (BMW) AG		7,908		690,180
Beiersdorf AG		2,400		209,061
Brenntag AG		1,256		190,903
Celesio AG		1,992		43,242
Commerzbank Ag (b)		23,367		202,995
Continental AG		2,618		349,003
Daimler AG Registered Shares		23,100		1,394,521
Deutsche Bank AG Reg.		24,538		1,028,947
Deutsche Boerse AG		4,649		305,710
Deutsche Lufthansa AG Reg. (b)		5,099		103,293

See accompanying notes to financial statements. 45

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Germany (Cont.)
Deutsche Post AG		21,809	$	541,256
Deutsche Telekom AG		67,260		783,615
E.ON SE		43,140		707,006
Fraport AG		916		55,352
Fresenius Medical Care AG & Co. KGaA		5,176		366,881
Fresenius SE & Co. KGaA		2,923		359,765
GEA Group AG		4,266		151,047
Hannover Rueckversicherung SE Reg.		1,339		96,284
HeidelbergCement AG		3,275		219,428
Henkel AG & Co. KGaA		3,027		237,074
Hochtief AG		860		56,023
Hugo Boss AG		772		84,888
Infineon Technologies AG		26,511		221,921
K+S AG Reg.		4,203		155,331
Kabel Deutschland Holding AG		2,105		231,132
Lanxess AG		1,983		119,421
Linde AG		4,412		822,165
MAN AG		832		90,705
Merck KGaA		1,543		234,659
Metro AG		2,872		90,749
Muenchener Rueckversicherungs Gesellschaft AG Reg.		4,295		789,045
QIAGEN NV (b)		5,683		111,202
RWE AG		11,867		378,296
SAP AG		22,014		1,607,528
Siemens AG Reg.		19,031		1,927,146
Suedzucker AG		1,813		56,129
Telefonica Deutschland Holding AG		6,865		49,668
ThyssenKrupp AG (b)		9,562		187,437
United Internet AG Reg.		2,665		75,126
Volkswagen AG		733		142,513
				21,733,134
Greece (0.03%)
Hellenic Telecommunications Organization SA (b)		6,019		47,077
OPAP SA		5,630		47,115
				94,192
Hong Kong (2.97%)
AAC Technologies Holdings Inc.		18,000		100,527
AIA Group Ltd.		288,954		1,217,363
ASM Pacific Technology Ltd.		5,900		64,996
Bank of East Asia Ltd.		29,625		106,038
BOC Hong Kong Holdings Ltd.		86,500		264,611
Cathay Pacific Airways Ltd.		29,000		50,464
Cheung Kong Holdings Ltd.		32,000		431,501
Cheung Kong Infrastructure Holdings Ltd.		15,000		100,337
CLP Holdings Ltd.		42,283		341,808
First Pacific Company Ltd.		52,000		55,521
First Pacific Company Ltd. Rights (b)		6,500		168

	Shares		Value
Common Stocks (Cont.)
Hong Kong (Cont.)
Galaxy Entertainment Group Ltd. (b)		50,000	$	241,913
Hang Lung Properties Ltd.		54,000		187,047
Hang Seng Bank Ltd.		18,674		275,005
Henderson Land Development Co. Ltd.		25,218		150,252
HKT Trust and HKT Ltd.		62,000		58,553
Hong Kong & China Gas Co. Ltd.		141,401		345,027
Hong Kong Exchanges & Clearing Ltd.		25,400		381,492
Hopewell Holdings Ltd.		14,500		48,032
Hutchison Whampoa Ltd.		52,210		546,234
Hysan Development Co. Ltd.		16,000		68,766
Kerry Properties Ltd.		14,000		54,488
Li & Fung Ltd.		142,000		193,179
Link REIT, The		55,500		272,733
MGM China Holdings Ltd.		23,600		62,626
MTR Corporation Ltd.		32,500		118,596
New World Development Co. Ltd.		89,700		122,981
New World Development Co. Ltd. Rights (b) (c)		1,121		0
NWS Holdings Ltd.		34,500		52,449
Orient Overseas International Ltd.		5,100		32,668
PCCW Ltd.		101,000		47,397
Power Assets Holdings Ltd.		32,000		275,662
Sands China Ltd.		58,400		274,401
Shangri-La Asia Ltd.		38,960		66,975
Sino Land Co. Ltd.		72,600		100,950
SJM Holdings Ltd.		48,000		115,375
Sun Hung Kai Properties Ltd.		38,000		487,998
Swire Pacific Ltd. Class A		16,000		192,157
Swire Properties Ltd.		26,400		78,231
Wharf Holdings Ltd.		35,953		300,309
Wheelock and Co. Ltd.		22,000		109,484
Wynn Macau Ltd.		39,200		105,690
Yue Yuen Industrial Holdings Ltd.		18,500		47,690
				8,147,694
Ireland (0.34%)
Bank of Ireland (b)		511,354		104,275
CRH PLC (Dublin)		17,371		351,462
Elan Corp. PLC (b)		12,110		169,941
Kerry Group PLC Class A (Dublin)		3,634		200,968
Ryanair Holdings PLC		10,018		92,827
				919,473
Israel (0.50%)
Bank Hapoalim B.M. (b)		25,304		114,195
Bank Leumi Le-Israel (b)		30,149		99,596
Bezeq The Israeli Telecommunication Corporation Ltd.		43,805		58,240
Delek Group Ltd.		101		26,074
Israel Chemicals Ltd.		10,564		103,743
Israel Corporation Ltd., The (b)		58		34,580
Mellanox Technologies Ltd. (b)		876		43,552
Mizrahi Tefahot Bank Ltd. (b)		2,895		28,984

46 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Israel (Cont.)
NICE Systems Ltd.		1,480	$	54,418
Teva Pharmaceutical Industries Ltd.		20,362		796,924
				1,360,306
Italy (1.96%)
Assicurazioni Generali SpA		28,348		495,514
Atlantia SpA		8,275		134,967
Banca Monte Dei Paschi di Siena SpA (b)		146,134		37,020
Enel Green Power SpA		41,261		85,632
Enel SpA		156,373		490,693
Eni SpA		61,038		1,252,742
EXOR SpA		1,697		50,257
Fiat Industrial SpA		21,058		234,415
Fiat SpA (b)		20,822		145,213
Finmeccanica SpA (b)		10,285		51,455
Intesa Sanpaolo		279,875		447,951
Luxottica Group SpA		4,116		208,250
Mediobanca SpA		12,206		63,481
Pirelli & C. SpA		5,997		69,326
Prysmian SpA		4,884		91,110
Saipem SpA		6,534		106,054
Snam SpA		48,979		223,018
Telecom Italia RNC SpA		151,926		84,700
Telecom Italia SpA		250,001		174,251
Tenaris SA		10,928		218,870
Terna-Rete Elettrica Nationale SpA		36,470		151,546
UBI Banca-Unione di Banche Italiane ScpA		20,407		73,799
UniCredit SpA		104,463		488,353
				5,378,617
Japan (22.29%)
ABC-Mart Inc.		600		23,385
ACOM Co. Ltd. (b)		1,080		34,358
Advantest Corp.		3,480		57,339
Aeon Co. Ltd.		14,700		193,176
Aeon Credit Service Co. Ltd.		1,400		39,658
Aeon Mall Co. Ltd.		1,900		47,135
Air Water Inc.		4,000		56,231
Aisin Seiki Co. Ltd.		4,700		179,457
Ajinomoto Co. Inc.		14,000		205,370
Alfresa Holdings Corp.		1,000		53,545
All Nippon Airways Co. Ltd.		27,000		56,142
Amada Co. Ltd.		9,000		59,253
Aozora Bank Ltd.		28,000		87,446
Asahi Glass Co. Ltd.		25,000		162,045
Asahi Group Holdings Ltd.		9,500		235,331
Asahi Kasei Corp.		31,000		204,542
ASICS Corp.		4,000		63,039
Astellas Pharma Inc.		10,751		584,038
Bank of Kyoto Ltd., The		8,000		66,624
Bank of Yokohama Ltd., The		29,000		149,601
Benesse Holdings Inc.		1,700		61,331
Bridgestone Corp.		15,700		535,373

	Shares		Value
Common Stocks (Cont.)
Japan (Cont.)
Brother Industries Ltd.		5,600	$	62,838
CALBEE Inc.		400		37,963
Canon Inc.		27,100		888,156
Casio Computer Co. Ltd.		5,900		51,966
Central Japan Railway Co.		3,500		426,580
Chiba Bank Ltd., The		16,000		109,167
Chiyoda Corp.		4,000		47,175
Chubu Electric Power Co. Inc.		14,800		209,642
Chugai Pharmaceutical Co. Ltd.		5,600		115,916
Chugoku Bank Ltd., The		4,000		56,050
Chugoku Electric Power Company Inc., The		7,300		114,466
Citizen Holdings Co. Ltd.		5,900		32,909
Coca-Cola West Co. Ltd.		1,400		24,827
Cosmo Oil Co. Ltd. (b)		15,000		27,587
Credit Saison Co. Ltd.		3,800		95,483
Dai Nippon Printing Co. Ltd.		14,000		127,747
Daicel Chemical Industries Ltd.		7,000		61,180
Daido Steel Co. Ltd.		7,000		35,337
Daihatsu Motor Co. Ltd.		5,000		94,704
Dai-ichi Life Insurance Company Ltd.		199		285,673
Daiichi Sankyo Co. Ltd.		16,013		266,854
Daikin Industries Ltd.		5,600		226,351
Dainippon Sumitomo Pharma Co. Ltd.		3,700		48,934
Daito Trust Construction Co. Ltd.		1,800		169,595
Daiwa House Industry Co. Ltd.		12,000		223,524
Daiwa Securities Group Inc.		40,000		334,997
DeNA Co. Ltd.		2,500		48,945
Denso Corp.		11,700		550,054
Dentsu Inc.		4,500		155,676
Don Quijote Co. Ltd.		1,200		58,253
East Japan Railway Co.		8,300		646,010
Eisai Co. Ltd.		6,200		252,676
Electric Power Development Co. Ltd.		2,980		93,169
FamilyMart Co. Ltd.		1,500		64,003
Fanuc Corp.		4,600		665,744
Fast Retailing Co. Ltd.		1,300		438,756
Fuji Electric Co. Ltd.		13,000		45,709
Fuji Heavy Industries Ltd.		14,000		345,719
FUJIFILM Holdings Corp.		10,700		235,332
Fujitsu Ltd.		46,000		190,302
Fukuoka Financial Group Inc.		18,000		76,557
Furukawa Electric Co. Ltd.		15,000		34,702
Gree Inc. (b)		2,300		20,378
GungHo Online Entertainment Inc. (b)		80		87,402
Gunma Bank Ltd.		10,000		55,290
Hachijuni Bank Ltd., The		10,000		58,346
Hakuhodo DY Holdings Inc.		590		41,323
Hamamatsu Photonics KK		1,700		61,392
Hankyu Hanshin Holdings Inc.		28,000		159,364
Hino Motors Ltd.		6,000		88,044
Hirose Electric Co. Ltd.		700		92,197
Hiroshima Bank Ltd., The		11,000		46,820
Hisamitsu Pharmaceutical Co. Inc.		1,500		76,117
Hitachi Chemical Co. Ltd.		2,500		39,137

See accompanying notes to financial statements. 47

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Japan (Cont.)
Hitachi Construction Machinery Co. Ltd.		2,400	$	48,408
Hitachi High-Technologies Corp.		1,400		33,762
Hitachi Ltd.		116,000		743,269
Hitachi Metals Ltd.		4,000		44,803
Hokkaido Electric Power Co. Inc. (b)		4,400		60,046
Hokuhoku Financial Group Inc.		29,000		59,217
Hokuriku Electric Power Co.		4,100		64,335
Honda Motor Co. Ltd.		39,200		1,456,258
Hoya Corp.		10,000		205,682
Hulic Company Ltd.		5,900		63,297
Ibiden Co. Ltd.		3,000		46,694
Idemitsu Kosan Co. Ltd.		500		38,328
IHI Corp.		33,000		124,856
INPEX Corp.		54		224,435
Isetan Mitsukoshi Holdings Ltd.		7,880		104,636
Isuzu Motors Ltd.		28,000		191,406
Itochu Corp.		36,200		418,613
Itochu Techno-Solutions Corp.		600		24,837
Iyo Bank Ltd., The		6,000		57,346
J. Front Retailing Co. Ltd.		11,400		90,911
Japan Airlines Co. Ltd.		1,469		75,625
Japan Exchange Group Inc.		1,300		131,309
Japan Petroleum Exploration Co.		700		28,343
Japan Prime Realty Investment Corp.		19		58,139
Japan Real Estate Investment Corp.		14		156,391
Japan Retail Fund Investment Corp.		51		106,546
Japan Steel Works Ltd., The		8,000		43,900
Japan Tobacco Inc.		26,300		928,325
JFE Holdings Inc.		11,800		258,514
JGC Corp.		5,000		180,062
Joyo Bank Ltd., The		16,000		87,383
JSR Corp.		4,500		91,051
JTEKT Corp.		5,100		57,165
JX Holdings Inc.		53,900		260,251
Kajima Corp.		20,000		66,307
Kamigumi Co. Ltd.		6,000		48,289
Kaneka Corp.		7,000		46,155
Kansai Electric Power Company Inc., The (b)		16,800		229,963
Kansai Paint Co. Ltd.		7,000		89,356
Kao Corp.		12,600		428,923
Kawasaki Heavy Industries Ltd.		31,000		95,139
KDDI Corp.		12,800		666,540
Keikyu Corp.		10,000		85,850
Keio Corp.		14,000		96,187
Keisei Electric Railway Co. Ltd.		7,000		65,580
Keyence Corp.		1,064		339,002
Kikkoman Corp.		4,000		66,539
Kinden Corp.		3,000		25,816
Kintetsu Corp.		39,000		171,210
Kirin Holdings Co. Ltd.		21,000		328,950
Kobe Steel Ltd. (b)		63,000		77,910
Koito Manufacturing Company Ltd.		2,000		38,126
Komatsu Ltd.		22,100		509,006
Konami Corp.		2,400		50,950
Konica Minolta Holdings Inc.		12,000		90,321

	Shares		Value
Common Stocks (Cont.)
Japan (Cont.)
Kubota Corp.		26,000	$	378,387
Kuraray Co. Ltd.		7,600		106,516
Kurita Water Industries Ltd.		2,800		59,265
Kyocera Corp.		3,900		396,809
Kyowa Hakko Kirin Co. Ltd.		6,000		67,820
Kyushu Electric Power Co. Inc. (b)		10,000		150,712
Lawson Inc.		1,500		114,464
LIXIL Group Corp.		6,500		158,280
M3 Inc.		20		44,859
Mabuchi Motor Co. Ltd.		600		32,006
Makita Corp.		2,700		145,158
Marubeni Corp.		39,000		260,651
Marui Group Co. Ltd.		5,600		55,785
Maruichi Steel Tube Ltd.		1,100		28,107
Mazda Motor Corp. (b)		65,000		256,973
McDonald’s Holdings Company Ltd. (Japan)		1,600		44,400
MEDIPAL HOLDINGS CORP.		3,300		44,740
MEIJI Holdings Company Ltd.		1,419		68,143
Miraca Holdings Inc.		1,400		64,334
Mitsubishi Chemical Holdings Corp.		33,500		157,005
Mitsubishi Corp.		33,300		568,887
Mitsubishi Electric Corp.		45,000		420,485
Mitsubishi Estate Company Ltd.		30,000		798,716
Mitsubishi Gas Chemical Co. Inc.		9,000		65,984
Mitsubishi Heavy Industries Ltd.		71,000		394,728
Mitsubishi Logistics Corp.		3,000		41,862
Mitsubishi Materials Corp.		28,000		98,576
Mitsubishi Motors Corp. (b)		99,000		135,511
Mitsubishi Tanabe Pharma Corp.		5,500		71,161
Mitsubishi UFJ Financial Group Inc.		304,560		1,880,923
Mitsubishi UFJ Lease & Finance Co. Ltd.		14,200		67,372
Mitsui & Co. Ltd.		41,100		515,402
Mitsui Chemicals Inc.		20,000		45,022
Mitsui Fudosan Co. Ltd.		20,000		588,000
Mitsui OSK Lines Ltd. (b)		25,000		97,153
Mitsui Sumitomo Insurance Group Holdings Inc.		12,200		309,028
Mizuho Financial Group Inc.		546,400		1,134,705
Murata Manufacturing Co. Ltd.		4,800		365,112
Nabtesco Corp.		2,400		49,831
Namco Bandai Holdings Inc.		4,100		66,451
NEC Corp.		64,000		140,151
Nexon Co. Ltd.		2,800		30,926
NGK Insulators Ltd.		5,000		61,788
NGK Spark Plug Co. Ltd.		4,000		80,059
NHK Spring Co. Ltd.		4,100		47,338
Nidec Corp.		2,400		167,909
Nikon Corp.		7,900		184,575
Nintendo Co. Ltd.		2,600		306,121
Nippon Building Fund Inc.		17		196,886
Nippon Electric Glass Co. Ltd.		10,000		48,679
Nippon Express Co. Ltd.		20,000		94,972
Nippon Meat Packers Inc.		4,000		61,185
Nippon Prologis REIT Inc.		6		52,063
Nippon Steel Corp.		184,000		495,742

48 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Japan (Cont.)
Nippon Telegraph & Telephone Corp.		10,300	$	536,845
Nippon Yusen KK		38,000		100,543
Nishi-Nippon City Bank Ltd., The		17,000		44,330
Nissan Motor Co. Ltd.		60,100		602,359
Nisshin Seifun Group Inc.		4,500		53,923
Nissin Foods Holdings Co. Ltd.		1,400		56,617
Nitori Holdings Co. Ltd.		800		64,407
Nitto Denko Corp.		4,000		256,542
NKSJ Holdings Inc.		7,900		187,741
NOK Corp.		2,500		39,637
Nomura Holdings Inc.		86,100		633,762
Nomura Real Estate Holdings Inc.		3,100		68,478
Nomura Real Estate Office Fund Inc.		7		30,697
Nomura Research Institute Ltd.		2,500		81,191
NSK Ltd.		11,000		104,938
NTT Data Corp.		32		113,983
NTT DoCoMo Inc.		370		575,611
NTT Urban Development Corp.		29		35,595
Obayashi Corp.		16,000		82,962
Odakyu Electric Railway Co. Ltd.		15,000		146,485
Oji Paper Co. Ltd.		16,000		64,493
Olympus Corp. (b)		4,600		139,782
Omron Corp.		5,100		152,046
Ono Pharmaceutical Co. Ltd.		2,000		136,140
Oracle Corp. Japan		900		37,277
Oriental Land Co. Ltd.		1,200		185,707
Orix Corp.		26,600		363,003
Osaka Gas Co. Ltd.		46,000		194,231
OTSUKA Corp.		400		44,612
Otsuka Holdings Co. Ltd.		8,600		283,963
Panasonic Corp. (b)		53,100		427,564
Park24 Co. Ltd.		2,000		36,284
Rakuten Inc.		16,800		198,660
Resona Holdings Inc.		46,200		225,003
Ricoh Co. Ltd.		17,000		201,455
RINNAI Corp.		800		56,884
Rohm Co. Ltd.		2,400		97,467
Sankyo Co. Ltd.		1,300		61,429
Sanrio Co. Ltd.		1,100		51,027
Santen Pharmaceutical Co. Ltd.		1,800		77,895
SBI Holdings Inc.		4,345		47,769
Secom Co. Ltd.		5,100		277,290
Sega Sammy Holdings Inc.		4,068		101,936
Sekisui Chemical Co. Ltd.		11,000		116,804
Sekisui House Ltd.		13,000		187,830
Seven & I Holdings Co. Ltd.		17,940		657,022
Seven Bank Ltd.		16,000		58,001
Sharp Corp. (b)		25,000		100,662
Shikoku Electric Power Co. Inc. (b)		4,700		84,873
Shimadzu Corp.		6,000		48,297
Shimamura Co. Ltd.		500		60,696
Shimano Inc.		2,000		170,370
Shimizu Corp.		14,000		56,279
Shin-Etsu Chemical Co. Ltd.		9,900		655,234
Shinsei Bank Ltd.		39,000		88,563
Shionogi & Co. Ltd.		6,700		139,718

	Shares		Value
Common Stocks (Cont.)
Japan (Cont.)
Shiseido Co. Ltd.		8,600	$	127,958
Shizuoka Bank Ltd., The		13,000		140,215
Showa Denko KK		36,000		47,478
Showa Shell Sekiyu KK		4,300		35,279
SMC Corp.		1,300		260,618
Softbank Corp.		22,900		1,333,007
Sojitz Corp.		33,000		54,753
Sony Corp.		24,600		519,705
Sony Financial Holdings Inc.		4,200		66,127
Stanley Electric Co. Ltd.		3,500		67,998
SUMCO Corp.		2,900		31,766
Sumitomo Chemical Co. Ltd.		33,000		103,504
Sumitomo Corp.		27,100		337,763
Sumitomo Electric Industries Ltd.		17,400		207,130
Sumitomo Heavy Industries Ltd.		14,000		58,788
Sumitomo Metal Mining Co. Ltd.		13,000		144,803
Sumitomo Mitsui Financial Group Inc.		30,500		1,396,077
Sumitomo Mitsui Trust Holdings Inc.		74,000		345,273
Sumitomo Realty & Development Co. Ltd.		9,000		358,687
Sumitomo Rubber Industries Ltd.		4,300		70,194
Suruga Bank Ltd.		4,000		72,538
Suzuken Co. Ltd.		1,640		55,194
Suzuki Motor Corp.		8,800		202,843
Sysmex Corp.		1,800		117,892
T&D Holdings Inc.		14,000		187,272
TAIHEIYO CEMENT CORP.		29,000		92,545
Taisei Corp.		21,000		75,810
Taisho Pharmaceutical Holdings Co. Ltd.		600		42,586
Taiyo Nippon Sanso Corp.		5,000		34,480
Takashimaya Co. Ltd.		5,000		50,677
Takeda Pharmaceutical Company Ltd.		18,800		847,767
TDK Corp.		3,100		106,826
Teijin Ltd.		23,000		50,381
Terumo Corp.		3,700		183,915
THK Co. Ltd.		2,900		60,851
Tobu Railway Co. Ltd.		25,000		128,840
Toho Co. Ltd.		2,700		55,533
Toho Gas Co. Ltd.		10,000		51,714
Tohoku Electric Power Co. Inc. (b)		10,800		134,848
Tokio Marine Holdings Inc.		16,900		533,279
Tokyo Electric Power Company Inc. (b)		33,600		173,455
Tokyo Electron Ltd.		4,000		202,238
Tokyo Gas Co. Ltd.		59,000		325,504
Tokyo Tatemono Co. Ltd.		11,000		91,532
Tokyu Corp.		28,000		183,337
Tokyu Land Corp.		10,000		91,540
TonenGeneral Sekiyu KK		7,000		67,735
Toppan Printing Co. Ltd.		14,000		97,120
Toray Industries Inc.		36,000		232,619
Toshiba Corp.		97,000		464,976
Toto Ltd.		7,000		71,176
Toyo Seikan Kaisha Ltd.		3,800		58,493
Toyo Suisan Kaisha Ltd.		2,000		66,545

See accompanying notes to financial statements. 49

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Japan (Cont.)
Toyoda Gosei Co. Ltd.		1,600	$	39,119
Toyota Boshoku Corp.		1,700		24,444
Toyota Industries Corp.		3,700		151,100
Toyota Motor Corp.		66,200		3,993,039
Toyota Tsusho Corp.		5,200		133,707
Trend Micro Inc.		2,700		85,840
Tsumura & Co.		1,500		44,206
UBE Industries Ltd.		25,000		46,252
Unicharm Corp.		2,700		152,708
United Urban Investment Corp.		56		75,600
USS Co. Ltd.		520		65,923
West Japan Railway Co.		3,800		161,159
Yahoo Japan Corp.		348		171,360
Yakult Honsha Co. Ltd.		2,000		82,933
Yamada Denki Co. Ltd.		2,150		87,052
Yamaguchi Financial Group Inc.		5,000		49,196
Yamaha Corp.		4,200		48,122
Yamaha Motor Co. Ltd.		6,700		86,778
Yamato Holdings Co. Ltd.		8,500		179,012
Yamato Kogyo Co. Ltd.		900		27,489
Yamazaki Baking Co. Ltd.		3,000		35,208
Yaskawa Electric Corp.		5,000		60,683
Yokogawa Electric Corp.		6,000		71,729
Yokohama Rubber Company Ltd., The		5,000		50,206
				61,100,397
Netherlands (2.88%)
Aegon NV		41,827		280,620
Akzo Nobel NV		5,732		323,434
ArcelorMittal		24,208		270,944
ASML Holding NV		8,600		678,890
Corio NV		1,512		60,175
D.E Master Blenders 1753 NV (b)		12,321		197,172
Delta Lloyd NV		4,618		92,545
Fugro NV		1,643		89,275
Gemalto NV		1,938		175,474
Heineken Holding NV		2,373		132,999
Heineken NV		5,577		354,984
ING Groep NV (b)		91,830		839,242
Koninklijke Ahold NV		24,046		357,635
Koninklijke Boskalis Westminster NV CVA		1,782		64,916
Koninklijke DSM NV		3,680		239,912
Koninklijke KPN NV		81,102		168,270
Koninklijke Philips NV		22,698		618,772
Koninklijke Vopak NV		1,674		98,805
Randstad Holding NV		2,870		117,981
Reed Elsevier NV		16,529		275,282
TNT Express NV		8,082		60,553
Unibail-Rodamco SE		2,286		532,421
Unilever NV CVA		39,254		1,545,205
Wolters Kluwer - CVA		7,321		155,069
Ziggo NV		4,115		165,290
				7,895,865

	Shares		Value
Common Stocks (Cont.)
New Zealand (0.12%)
Auckland International Airport Ltd.		28,619	$	65,823
Contact Energy Ltd.		9,092		35,982
Fletcher Building Ltd.		16,252		105,842
SKYCITY Entertainment Group Ltd.		12,916		43,574
Telecom Corp. of New Zealand Ltd.		39,201		68,262
				319,483
Norway (0.82%)
Aker Solutions ASA		3,887		53,065
DnB NOR ASA		23,170		336,120
Gjensidige Forsikring ASA		5,047		74,353
Norsk Hydro ASA		22,479		90,139
Orkla ASA		19,277		157,831
Seadrill Ltd.		9,046		364,340
Statoil ASA		26,580		549,091
Subsea 7 SA (b)		6,017		105,858
Telenor ASA		16,574		329,210
Yara International ASA		4,530		180,652
				2,240,659
Portugal (0.18%)
Banco Espirito Santo SA Reg. (b)		45,190		36,229
Energias de Portugal SA		48,117		155,214
Galp Energia SGPS SA B Shares		6,338		93,955
Jeronimo Martins SGPS SA		6,268		132,108
Portugal Telecom SGPS SA		16,229		63,138
				480,644
Singapore (1.65%)
Ascendas Real Estate Investment Trust		47,000		82,367
CapitaCommercial Trust		43,000		49,605
Capitaland Ltd.		62,692		151,463
Capitamall Trust		58,000		91,014
CapitaMalls Asia Ltd.		34,000		48,764
City Developments Ltd.		10,031		84,388
Comfortdelgro Corp. Ltd.		47,000		67,544
DBS Group Holdings Ltd.		40,667		494,831
Genting Singapore PLC		150,400		155,956
Global Logistic Properties Ltd.		75,000		162,230
Golden Agri-Resources Ltd.		166,702		73,388
Hutchison Port Holdings Trust		130,000		95,199
Jardine Cycle & Carriage Ltd.		3,015		100,804
Keppel Corp. Ltd.		35,202		287,929
Keppel Land Ltd.		18,000		47,333
Noble Group Ltd.		108,654		82,635
Olam International Ltd.		29,900		38,486
Oversea-Chinese Banking Corporation Ltd.		61,000		479,529
Sembcorp Industries Ltd.		21,200		82,479
Sembcorp Marine Ltd.		21,200		71,841
Singapore Airlines Ltd.		13,000		103,765
Singapore Exchange Ltd.		21,000		116,075

50 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Singapore (Cont.)
Singapore Press Holdings Ltd.		39,030	$	128,282
Singapore Technologies Engineering Ltd.		36,381		119,845
Singapore Telecommunications Ltd.		189,150		560,227
StarHub Ltd.		15,000		49,320
United Overseas Bank Ltd.		30,616		478,103
UOL Group Ltd.		10,461		55,301
Wilmar International Ltd.		48,000		118,716
Yangzijiang Shipbuilding Holdings Ltd.		48,000		31,329
				4,508,748
Spain (2.81%)
Abertis Infraestructuras SA		8,642		150,575
Acciona SA		580		30,579
ACS Actividades de Construccion y Servicios SA		3,570		94,441
Amadeus IT Holding SA A Shares		9,175		293,647
Banco Bilbao Vizcaya Argentaria SA		133,631		1,123,016
Banco de Sabadell SA		61,506		102,036
Banco Popular Espanol SA (b)		30,575		93,601
Banco Santander SA		259,812		1,662,600
Bankia SA (b)		98,385		76,216
CaixaBank		28,491		87,512
Distribuidora Internacional de Alimentacion SA		14,395		108,744
Enagas SA		4,514		111,568
Ferrovial SA		9,878		157,703
Gas Natural SDG SA		8,551		172,282
Grifols SA		3,546		130,278
Iberdrola SA		114,348		604,283
Industria de Diseno Textil SA		5,190		640,162
International Consolidated Airlines Group SA (b)		23,616		94,815
Mapfre SA		19,111		62,180
Red Electrica Corporacion SA		2,447		134,554
Repsol SA		20,011		422,331
Repsol SA Rights (b)		20,011		11,148
Telefonica SA (b)		98,571		1,268,155
Zardoya Otis SA		3,885		55,011
				7,687,437
Sweden (3.10%)
Alfa Laval AB		7,335		149,820
Assa Abloy AB Class B		8,102		316,640
Atlas Copco AB Class A		16,252		391,703
Atlas Copco AB Class B		9,356		200,225
Boliden AB		6,896		85,478
Electrolux AB Series B		5,897		148,809
Elekta AB B Shares		9,032		137,273
Getinge AB B Shares		5,002		151,865
Hennes & Mauritz AB (H&M) B Shares		22,778		749,427
Hexagon AB B Shares		5,817		155,496
Husqvarna AB B Shares		10,537		55,648
Industrivarden AB C Shares		2,968		49,561
Investment AB Kinnevik B Shares		4,630		118,700
Investor AB B Shares		11,110		298,202

	Shares		Value
Common Stocks (Cont.)
Sweden (Cont.)
Lundin Petroleum AB (b)		5,481	$	108,407
Millicom International Cellular SA SDR		1,498		107,889
Nordea Bank AB		62,825		701,586
Ratos AB B Shares		4,836		37,504
Sandvik AB		25,693		306,860
Scania AB Class B		7,558		151,212
Securitas AB Class B		7,894		69,011
Skandinaviska Enskilda Banken AB Class A		36,595		349,372
Skanska AB Class B		9,310		154,287
SKF AB B Shares		9,423		220,754
Svenska Cellulosa AB B Shares		14,105		353,736
Svenska Handelsbanken AB A Shares		11,968		479,491
Swedbank AB - A Shares		21,799		499,296
Swedish Match AB		4,943		175,449
Tele2 AB B Shares		8,000		93,916
Telefonaktiebolaget LM Ericsson B Shares		72,800		825,539
TeliaSonera AB		57,372		373,877
Volvo AB B Shares		36,664		489,261
				8,506,294
Switzerland (9.11%)
ABB Ltd. Reg. (b)		53,019		1,148,495
Actelion Ltd. Reg. (b)		2,685		161,738
Adecco SA Reg. (b)		3,202		182,360
Aryzta AG (b)		2,151		120,743
Baloise Holding AG Reg.		1,180		114,608
Banque Cantonale Vaudoise (BCV) Reg.		75		37,177
Barry Callebaut AG Reg. (b)		44		40,271
Compagnie Financiere Richemont SA Class A		12,562		1,107,820
Credit Suisse Group AG Reg. (b)		36,029		953,834
Ems-Chemie Holding AG Reg		219		64,865
Geberit AG Reg.		938		232,365
Givaudan SA Reg. (b)		204		262,869
Holcim Ltd. Reg. (b)		5,548		386,176
Julius Baer Group Ltd. (b)		5,450		212,705
Kuehne & Nagel International AG Reg.		1,281		140,545
Lindt & Spruengli AG		22		82,583
Lindt & Spruengli AG Reg.		3		130,533
Lonza Group AG Reg. (b)		1,300		97,679
Nestle SA Reg.		77,462		5,083,085
Novartis AG		55,232		3,912,113
Pargesa Holding SA		681		45,376
Partners Group Holding AG		448		121,264
Roche Holding AG		16,870		4,187,085
Schindler Holding AG		1,157		160,983
Schindler Holding AG Reg.		543		73,541
SGS SA Reg		128		274,812
Sika AG		54		139,630
Sonova Holding AG Reg. (b)		1,202		127,166
Sulzer AG Reg.		564		90,061

See accompanying notes to financial statements. 51

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
Switzerland (Cont.)
Swatch Group AG Reg., The		1,093	$	102,779
Swatch Group AG, The		743		405,856
Swiss Life Holding AG Reg. (b)		777		126,124
Swiss Prime Site AG Reg. (b)		1,325		97,406
Swiss Re AG (b)		8,336		620,205
Swisscom AG		544		238,147
Syngenta AG Reg.		2,221		866,099
Transocean Ltd.		8,641		414,915
UBS AG Reg. (b)		87,442		1,484,225
Zurich Insurance Group AG (b)		3,595		931,850
				24,980,088
United Kingdom (21.40%)
3i Group PLC		21,674		111,290
Aberdeen Asset Management PLC		23,183		134,917
Admiral Group PLC		4,312		86,861
Aggreko PLC		6,561		163,989
AMEC PLC		6,691		102,333
Anglo American PLC		33,176		639,322
Antofagasta PLC		9,805		118,803
ARM Holdings PLC		33,306		402,905
Associated British Foods PLC		8,747		230,746
AstraZeneca PLC		30,007		1,418,695
Aviva PLC		71,481		368,423
Babcock International Group PLC		8,948		150,245
BAE Systems PLC		78,568		457,539
Barclays PLC		293,709		1,250,831
BG Group PLC		81,642		1,387,428
BHP Billiton PLC		50,482		1,287,181
BP PLC		462,792		3,211,750
British American Tobacco PLC		46,328		2,376,141
British Land Co. PLC		22,701		195,560
British Sky Broadcasting Group PLC		24,836		299,198
BT Group PLC		188,971		887,171
Bunzl PLC		7,962		155,292
Burberry Group PLC		10,307		212,041
Capita PLC		15,708		230,892
Carnival PLC		4,528		157,393
Centrica PLC		123,567		675,876
Cobham PLC		24,122		96,176
Compass Group PLC		43,800		559,658
Croda International PLC		3,321		125,235
Diageo PLC		60,069		1,722,556
Direct Line Insurance Group PLC		20,185		71,723
easyJet PLC		3,869		76,262
Experian PLC		24,035		417,722
Fresnillo PLC		4,520		61,024
G4S PLC		31,570		111,316
GKN PLC		38,488		176,175
GlaxoSmithKline PLC		117,795		2,944,430
Glencore Xstrata PLC		239,745		992,419
Hammerson PLC		17,233		127,777
Hargreaves Lansdown PLC		5,175		69,900
HSBC Holdings PLC		445,043		4,607,146
ICAP PLC		13,524		74,671
IMI PLC		7,949		149,827

	Shares		Value
Common Stocks (Cont.)
United Kingdom (Cont.)
Imperial Tobacco Group PLC		23,409	$	811,698
Inmarsat PLC		11,000		112,651
InterContinental Hotels Group PLC		6,275		172,451
Intertek Group PLC		3,712		165,004
Intu Properties PLC		16,885		80,264
Invensys PLC		14,661		91,807
Investec PLC		14,902		93,780
ITV PLC		85,662		182,636
J Sainsbury PLC		27,963		151,136
Johnson Matthey PLC		4,699		187,748
Kingfisher PLC		55,539		289,570
Land Securities Group PLC		18,231		244,856
Legal & General Group PLC		139,836		364,462
Lloyds Banking Group PLC (b)		1,099,540		1,055,900
London Stock Exchange Group PLC		4,159		84,536
Marks & Spencer Group PLC		39,238		256,743
Meggitt PLC		19,120		150,640
Melrose Industries PLC		29,574		112,093
National Grid PLC		88,322		1,001,184
Next PLC		3,780		261,841
Old Mutual PLC		115,447		316,914
Pearson PLC		19,318		343,557
Persimmon PLC (b)		7,338		131,724
Petrofac Ltd.		6,369		115,937
Prudential PLC		61,294		1,000,488
Randgold Resources Ltd.		2,133		135,161
Reckitt Benckiser Group PLC		15,542		1,099,387
Reed Elsevier PLC		28,440		323,425
Resolution Ltd.		34,700		150,309
Rexam PLC		18,074		131,167
Rio Tinto PLC		30,487		1,239,874
Rolls-Royce Holdings PLC (b)		44,829		771,883
Royal Bank of Scotland Group PLC (b)		50,928		211,340
Royal Dutch Shell PLC Class A		90,444		2,889,143
Royal Dutch Shell PLC Class B		62,746		2,078,080
RSA Insurance Group PLC		86,965		157,771
SABMiller PLC		23,010		1,103,176
Sage Group PLC, The		26,038		134,728
Schroders PLC		2,400		79,673
SEGRO PLC		17,831		75,644
Serco Group PLC		11,902		111,927
Severn Trent PLC		5,910		149,652
Shire PLC		13,150		416,726
Smith & Nephew PLC		21,857		244,795
Smiths Group PLC		9,113		181,301
SSE PLC		22,826		528,594
Standard Chartered PLC		58,063		1,260,569
Standard Life PLC		57,413		302,146
Tate & Lyle PLC		11,504		144,337
Tesco PLC		192,383		968,805
Travis Perkins PLC		5,932		131,348
Tui Travel PLC		12,214		66,222
Tullow Oil PLC		21,305		324,322
Unilever PLC		30,793		1,246,567
United Utilities Group PLC		15,647		162,794
Vedanta Resources PLC		2,263		35,174

52 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Shares		Value
Common Stocks (Cont.)
United Kingdom (Cont.)
Vodafone Group PLC		1,174,834	$	3,366,692
Weir Group PLC, The		4,892		159,963
Whitbread PLC		4,390		204,221
William Hill PLC		20,900		140,153
William Morrison Supermarkets PLC		53,178		211,672
Wolseley PLC		6,451		297,646
WPP PLC		30,495		521,245
				58,634,091
United States (0.04%)
Coca-Cola HBC AG Sponsored ADR		5,026		117,508
				117,508
Total Common Stocks
(cost $253,708,938)				269,513,844
Preferred Stocks (a) (0.61%)
Germany (0.61%)
Bayerische Moteren Werke (BMW) AG PFD		1,238		84,551
Fuchs Petrolub AG PFD		867		68,737
Henkel AG & Co. KGaA PFD		4,332		406,817
Porsche Automobil Holding SE PFD		3,588		277,075
ProSiebenSat.1 Media AG PFD		2,606		111,772
RWE AG-Non Voting PFD		986		30,433
Volkswagen AG PFD		3,458		698,459
				1,677,844
Total Preferred Stocks
(cost $791,675)				1,677,844
TOTAL INVESTMENTS (98.96%)
(cost $254,500,613)				271,191,688
CASH (d) AND OTHER ASSETS, NET OF LIABILITIES (1.04%)				2,862,538
NET ASSETS (100.00%)			$	274,054,226

(a) The Fund used data provided by an independent statistical fair value service to fair value the securities primarily traded on exchanges that closed before the regular close of trading of the New York Stock Exchange. This method of fair valuing foreign securities was established in the valuation procedures adopted by the Board of Trustees.

(b) Non-income producing security.

(c) In accordance with the Trust’s valuation procedures, State Farm Investment Management Corp. (“SFIMC”) determined the fair value for the security considering the facts and circumstances related to the particular security. The fair value for this security was not determined using the Trust’s independent statistical fair value service.

(d) At June 30, 2013, cash in the amount of $382,873 has been pledged to cover, in whole or in part, initial margin requirements for open futures contracts.

SDR - Swedish Depositary Receipt

ADR - American Depositary Receipt

INTERNATIONAL EQUITY INDEX FUND FOREIGN CURRENCY DENOMINATIONS

Currency	Value		%
Euro	$	76,567,913		28.23
Japanese Yen		61,100,397		22.53
British Pound		58,634,091		21.62
Swiss Franc		24,980,088		9.21
Australian Dollar		21,702,985		8.00
Swedish Krona		8,506,294		3.14
Hong Kong Dollar		8,147,694		3.00
Singapore Dollar		4,413,549		1.63
Danish Krone		3,005,522		1.11
Norwegian Krone		2,240,659		0.83
Israeli Shekel		1,360,306		0.50
New Zealand Dollar		319,483		0.12
United States Dollar		212,707		0.08
Total Investments	$	271,191,688		100.00	%

INTERNATIONAL EQUITY INDEX FUND SECTOR CLASSIFICATIONS

Sector	Value		%
Financials	$	67,744,816		24.72
Industrials		33,830,606		12.35
Consumer Staples		32,045,359		11.69
Consumer Discretionary		31,764,176		11.59
Health Care		28,437,468		10.38
Materials		21,632,638		7.89
Energy		18,888,422		6.89
Telecommunication Services		14,135,449		5.16
Information Technology		12,442,016		4.54
Utilities		10,270,738		3.75
Total Stocks		271,191,688		98.96
Cash and Other Assets, Net of Liabilities		2,862,538		1.04
Net Assets	$	274,054,226		100.00	%

See accompanying notes to financial statements. 53

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

OPEN FUTURES CONTRACTS

Description	Contracts Purchased		Expiration	Notional Value		Market Value		Unrealized Gain (Loss)
ASX SPI 200 Index		3	September 2013	$	325,407	$	327,398	$	1,991
Euro Stoxx 50 Index		27	September 2013		945,133		911,792		(33,341	)
FTSE 100 Index		10	September 2013		952,708		934,515		(18,193	)
Nikkei 225 Index		9	September 2013		612,637		617,230		4,593
Total								$	(44,950	)

OPEN FORWARD FOREIGN CURRENCY CONTRACTS

Currency	Counterparty	Settlement Date		Foreign amount Purchased (Sold)			U.S. Dollar amount Purchased (Sold)		Unrealized Gain		Unrealized (Loss)
Euro	Citibank N.A.		07/01/2013		(76,794	)	$	100,000	$	42	$	—
Swiss Franc	Citibank N.A.		07/01/2013		(70,831	)		75,000		11		—
Total									$	53	$	—

54 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST STOCK AND BOND BALANCED FUND

SCHEDULE OF INVESTMENTS

June 30, 2013

(Unaudited)

	Shares		Value
Registered Investment Companies (99.31%)
State Farm Variable Product Trust Bond Fund (a)		2,951,915	$	31,113,183
State Farm Variable Product Trust Large Cap Equity Index Fund (a)		3,334,666		53,454,693
Total Registered Investment Companies
(cost $ 70,666,592)				84,567,876
TOTAL INVESTMENTS (99.31%)
(cost $ 70,666,592)				84,567,876
CASH AND OTHER ASSETS, NET OF LIABILITIES (0.69%)				588,350
NET ASSETS (100.00%)			$	85,156,226

(a) The Stock and Bond Balanced Fund’s investment adviser is an affiliate of the issuer.

See accompanying notes to financial statements. 55

STATE FARM VARIABLE PRODUCT TRUST BOND FUND

SCHEDULE OF INVESTMENTS

June 30, 2013

(Unaudited)

	Principal amount		Value
Corporate Bonds (69.85%)
Aerospace/Defense (0.84%)
Northrop Grumman Corp.
3.250%, 08/01/2023	$	1,500,000	$	1,419,464
Agriculture, Foods, & Beverage (6.54%)
HJ Heinz Co.
5.350%, 07/15/2013		500,000		500,250
Coca-Cola Co., The
1.800%, 09/01/2016		500,000		510,148
Hershey Co.
5.450%, 09/01/2016		500,000		564,311
General Mills Inc.
5.700%, 02/15/2017		1,000,000		1,132,463
Coca-Cola Co., The
5.350%, 11/15/2017		2,000,000		2,293,872
Pepsico Inc.
5.000%, 06/01/2018		1,000,000		1,132,007
Campbell Soup Co.
4.250%, 04/15/2021		1,000,000		1,045,932
Kellogg Co.
3.125%, 05/17/2022		1,000,000		973,954
Sysco Corp.
2.600%, 06/12/2022		1,000,000		942,582
Kellogg Co.
2.750%, 03/01/2023		1,000,000		932,817
Pepsico Inc.
2.750%, 03/01/2023		1,000,000		946,176
				10,974,512
Banks (2.56%)
Wachovia Corp.
5.700%, 08/01/2013		500,000		502,080
Mellon Funding Corp.
5.200%, 05/15/2014		500,000		520,641
US Bank NA
4.950%, 10/30/2014		500,000		527,684
Fifth Third Bank
4.750%, 02/01/2015		500,000		526,992
Wachovia Bank NA
5.600%, 03/15/2016		500,000		552,851
Wells Fargo Bank NA
5.750%, 05/16/2016		500,000		559,390
Bank of America NA
6.000%, 06/15/2016		500,000		550,296
Wachovia Corp.
5.750%, 06/15/2017		500,000		567,552
				4,307,486
Building Materials & Construction (0.67%)
CRH America Inc.
6.000%, 09/30/2016		1,000,000		1,126,111
Chemicals (3.89%)
Praxair Inc.
5.375%, 11/01/2016		1,000,000		1,133,526
Rohm & Haas Co.
6.000%, 09/15/2017		500,000		570,140

	Principal amount		Value
Corporate Bonds (Cont.)
Chemicals (Cont.)
E.I. du Pont de Nemours and Co.
6.000%, 07/15/2018	$	500,000	$	590,771
Praxair Inc.
2.450%, 02/15/2022		1,000,000		942,572
PPG Industries Inc.
2.700%, 08/15/2022		500,000		464,606
Dow Chemical Co., The
3.000%, 11/15/2022		1,000,000		930,050
E.I. du Pont de Nemours and Co.
2.800%, 02/15/2023		1,000,000		952,838
Praxair Inc.
2.700%, 02/21/2023		500,000		477,470
International Flavors & Fragrances Inc.
3.200%, 05/01/2023		500,000		474,440
				6,536,413
Commercial Service/Supply (1.22%)
Pitney Bowes Inc.
5.750%, 09/15/2017		1,000,000		1,080,515
Cintas Corp. No. 2
3.250%, 06/01/2022		1,000,000		968,432
				2,048,947
Computers (0.69%)
International Business Machines Corp.
5.700%, 09/14/2017		1,000,000		1,155,082
Consumer & Marketing (3.46%)
Kimberly-Clark Corp.
5.000%, 08/15/2013		1,000,000		1,005,197
Procter & Gamble Co., The
4.950%, 08/15/2014		1,000,000		1,049,923
Estee Lauder Co. Inc.
5.550%, 05/15/2017		1,000,000		1,128,147
Kimberly-Clark Corp.
6.125%, 08/01/2017		500,000		585,020
Unilever Capital Corp.
4.250%, 02/10/2021		1,000,000		1,089,485
Procter & Gamble Co., The
2.300%, 02/06/2022		1,000,000		950,371
				5,808,143
Electronic/Electrical Manufacturing (0.34%)
Emerson Electric Co.
5.125%, 12/01/2016		500,000		563,885
Financial Services (3.45%)
JPMorgan Chase & Co.
5.375%, 01/15/2014		500,000		513,246
General Electric Capital Corp.
4.875%, 03/04/2015		500,000		532,230
5.375%, 10/20/2016		500,000		557,908
5.400%, 02/15/2017		500,000		556,746

56 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST BOND FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Principal amount		Value
Corporate Bonds (Cont.)
Financial Services (Cont.)
Simon Property Group Inc.
6.125%, 05/30/2018	$	1,000,000	$	1,174,893
JPMorgan Chase & Co.
4.350%, 08/15/2021		1,000,000		1,041,743
General Electric Capital Corp.
3.100%, 01/09/2023		1,000,000		944,666
JPMorgan Chase & Co.
3.200%, 01/25/2023		500,000		474,654
				5,796,086
Health Care (9.76%)
Schering-Plough Corp.
5.300%, 12/01/2013		500,000		509,858
AstraZeneca PLC
5.400%, 06/01/2014		1,000,000		1,045,838
Boston Scientific Corp.
5.450%, 06/15/2014		1,000,000		1,041,457
Merck & Co. Inc.
4.750%, 03/01/2015		500,000		533,964
Baxter International Inc.
5.900%, 09/01/2016		500,000		569,922
Eli Lilly & Co.
5.200%, 03/15/2017		1,000,000		1,118,380
Wyeth
5.450%, 04/01/2017		500,000		567,290
Amgen Inc.
5.850%, 06/01/2017		500,000		570,794
Johnson & Johnson
5.550%, 08/15/2017		500,000		578,747
AstraZeneca PLC
5.900%, 09/15/2017		500,000		580,954
Schering-Plough Corp.
6.000%, 09/15/2017		500,000		583,625
Bristol-Myers Squibb Co.
5.450%, 05/01/2018		500,000		581,180
GlaxoSmithKline Capital Inc.
5.650%, 05/15/2018		1,000,000		1,159,740
Medtronic Inc.
4.125%, 03/15/2021		1,000,000		1,064,178
Sanofi-Aventis
4.000%, 03/29/2021		1,000,000		1,066,558
GlaxoSmithKline Capital Inc.
2.800%, 03/18/2023		1,000,000		951,651
Medtronic Inc.
2.750%, 04/01/2023		1,000,000		934,689
Baxter International Inc.
3.200%, 06/15/2023		2,000,000		1,961,756
Pfizer Inc.
3.000%, 06/15/2023		1,000,000		969,886
				16,390,467
Machinery & Manufacturing (5.71%)
Johnson Controls Inc.
4.875%, 09/15/2013		750,000		756,343
Caterpillar Inc.
5.700%, 08/15/2016		500,000		568,880

	Principal amount		Value
Corporate Bonds (Cont.)
Machinery & Manufacturing (Cont.)
Eaton Corp.
5.300%, 03/15/2017	$	1,000,000	$	1,107,190
Honeywell International Inc.
5.300%, 03/15/2017		500,000		563,644
John Deere Capital Corp.
5.500%, 04/13/2017		500,000		567,794
Cooper U.S. Inc.
6.100%, 07/01/2017		1,000,000		1,143,713
Caterpillar Financial Services Corp.
5.850%, 09/01/2017		500,000		577,718
2.850%, 06/01/2022		1,000,000		955,904
Deere & Co.
2.600%, 06/08/2022		1,000,000		953,082
Covidien International
3.200%, 06/15/2022		1,000,000		986,321
3M Co.
2.000%, 06/26/2022		500,000		466,600
Caterpillar Financial Services Corp.
2.625%, 03/01/2023		1,000,000		934,389
				9,581,578
Media & Broadcasting (1.85%)
Thomson Reuters Corp.
5.950%, 07/15/2013		1,000,000		1,001,823
Walt Disney Co., The
5.625%, 09/15/2016		1,000,000		1,138,682
Comcast Corp.
3.125%, 07/15/2022		1,000,000		974,327
				3,114,832
Mining & Metals (2.79%)
Barrick Gold Finance Inc.
4.875%, 11/15/2014		1,000,000		1,027,522
Alcan Inc.
5.000%, 06/01/2015		500,000		534,880
Alcoa Inc.
5.550%, 02/01/2017		1,000,000		1,062,719
BHP Billiton Finance USA Ltd.
5.400%, 03/29/2017		500,000		563,770
Rio Tinto Finance USA Ltd.
6.500%, 07/15/2018		500,000		591,650
3.500%, 03/22/2022		500,000		482,148
Barrick Gold Corp.
3.850%, 04/01/2022		500,000		420,710
				4,683,399
Oil & Gas (3.85%)
ConocoPhillips Canada
5.625%, 10/15/2016		500,000		570,243
Apache Corp.
5.625%, 01/15/2017		500,000		563,122
Shell International Finance
5.200%, 03/22/2017		500,000		563,716
Canadian National Resources
5.700%, 05/15/2017		500,000		567,044

See accompanying notes to financial statements. 57

STATE FARM VARIABLE PRODUCT TRUST BOND FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Principal amount		Value
Corporate Bonds (Cont.)
Oil & Gas (Cont.)
Weatherford International Inc.
6.350%, 06/15/2017	$	500,000	$	558,534
EOG Resources Inc.
5.875%, 09/15/2017		500,000		580,890
Husky Energy Inc.
6.200%, 09/15/2017		500,000		568,114
ConocoPhillips
5.200%, 05/15/2018		500,000		571,522
Apache Corp.
3.250%, 04/15/2022		1,000,000		985,054
Shell International Finance
2.375%, 08/21/2022		500,000		467,234
EOG Resources Inc.
2.625%, 03/15/2023		500,000		467,871
				6,463,344
Retailers (5.85%)
Walgreen Co.
4.875%, 08/01/2013		500,000		501,624
Lowe’s Companies Inc.
5.000%, 10/15/2015		1,000,000		1,094,300
Target Corp.
5.875%, 07/15/2016		1,000,000		1,139,028
Lowe’s Companies Inc.
5.400%, 10/15/2016		500,000		566,981
McDonald’s Corp.
5.300%, 03/15/2017		1,000,000		1,128,056
Wal-Mart Stores Inc.
5.375%, 04/05/2017		1,000,000		1,139,289
Target Corp.
5.375%, 05/01/2017		500,000		566,758
CVS Caremark Corp.
5.750%, 06/01/2017		500,000		574,406
Wal-Mart Stores Inc.
5.800%, 02/15/2018		500,000		585,724
Home Depot Inc.
4.400%, 04/01/2021		1,000,000		1,097,647
Walgreen Co.
3.100%, 09/15/2022		500,000		473,835
Home Depot Inc.
2.700%, 04/01/2023		1,000,000		948,057
				9,815,705
Telecom & Telecom Equipment (2.49%)
BellSouth Corp.
5.200%, 09/15/2014		1,000,000		1,050,056
Verizon Communications
5.500%, 04/01/2017		1,000,000		1,125,913
AT&T Inc.
4.450%, 05/15/2021		1,000,000		1,077,044
Vodafone Group PLC
2.950%, 02/19/2023		1,000,000		924,459
				4,177,472

	Principal amount		Value
Corporate Bonds (Cont.)
Transportation (0.85%)
Burlington North Santa Fe
3.000%, 03/15/2023	$	1,500,000	$	1,429,392
Utilities & Energy (13.04%)
Vectren Utility Holdings
5.250%, 08/01/2013		500,000		501,684
Union Electric Co.
5.500%, 05/15/2014		1,000,000		1,036,275
Carolina Power & Light
5.250%, 12/15/2015		1,000,000		1,109,239
Ohio Power Co.
6.000%, 06/01/2016		1,000,000		1,126,345
Commonwealth Edison Co.
5.950%, 08/15/2016		500,000		569,228
Baltimore Gas & Electric Co.
5.900%, 10/01/2016		500,000		569,840
Consolidated Edison Co. NY
5.300%, 12/01/2016		1,000,000		1,129,655
Georgia Power Co.
5.700%, 06/01/2017		1,000,000		1,146,117
Jersey Central Power & Light
5.650%, 06/01/2017		1,000,000		1,118,129
Atmos Energy Corp.
6.350%, 06/15/2017		500,000		582,564
Kansas City Power & Light Co.
5.850%, 06/15/2017		1,000,000		1,116,751
Union Electric Co.
6.400%, 06/15/2017		500,000		586,212
MidAmerican Energy Co.
5.950%, 07/15/2017		500,000		579,050
Commonwealth Edison Co.
6.150%, 09/15/2017		500,000		582,896
Florida Power Corp.
5.800%, 09/15/2017		500,000		577,192
Virginia Electric & Power
5.950%, 09/15/2017		500,000		581,080
Public Service Electric and Gas Co.
5.300%, 05/01/2018		500,000		577,737
Florida Power Corp.
5.650%, 06/15/2018		500,000		580,664
Pacificorp
5.650%, 07/15/2018		500,000		583,509
Appalachian Power Co.
4.600%, 03/30/2021		500,000		538,460
Southern California Edison Co.
3.875%, 06/01/2021		1,000,000		1,062,772
Baltimore Gas & Electric Co.
2.800%, 08/15/2022		500,000		473,689
Northern States Power Co.
2.150%, 08/15/2022		500,000		458,829
Pacific Gas & Electric
2.450%, 08/15/2022		1,000,000		923,944
Emerson Electric Co.
2.625%, 02/15/2023		1,000,000		946,474

58 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST BOND FUND

SCHEDULE OF INVESTMENTS (continued)

June 30, 2013

(Unaudited)

	Principal amount		Value
Corporate Bonds (Cont.)
Utilities & Energy (Cont.)
Indiana Michigan Power Co.
3.200%, 03/15/2023	$	1,000,000	$	947,901
Kansas City Power & Light Co.
3.150%, 03/15/2023		1,000,000		949,339
Public Service Company of Colorado
2.500%, 03/15/2023		1,000,000		935,763
				21,891,338
Total Corporate Bonds
(cost $111,040,389)				117,283,656
Government Agency Securities (a) (0.90%)
Federal Home Loan Mortgage Corp.
4.500%, 07/15/2013		1,500,000		1,502,565
Total Government Agency Securities
(cost $1,499,566)				1,502,565
U.S. Treasury Obligations (28.23%)
U.S. Treasury Notes
4.250%, 08/15/2015		10,000,000		10,814,060
3.250%, 03/31/2017		8,000,000		8,672,496
3.500%, 02/15/2018		10,000,000		11,003,910
2.750%, 02/15/2019		7,500,000		7,982,812
3.625%, 02/15/2020		8,000,000		8,924,376
Total U.S. Treasury Obligations
(cost $44,929,302)				47,397,654
	Shares		Value
Short-term Investments (0.03%)
JPMorgan U.S. Government Money Market Fund		53,786	$	53,786
Total Short-term Investments
(cost $53,786)				53,786
TOTAL INVESTMENTS (99.01%)
(cost $157,523,043)				166,237,661
OTHER ASSETS, NET OF LIABILITIES (0.99%)				1,668,880
NET ASSETS (100.00%)			$	167,906,541

(a) The obligations of these U.S. Government-sponsored entities are neither issued nor guaranteed by the United States Treasury. On September 7, 2008, the Federal Housing Finance Agency placed Federal Home Loan Mortgage Corp. (“Freddie Mac”) into conservatorship. The United States Treasury has put in place a set of financing agreements to help ensure that this entity continues to meet its obligations to holders of bonds it has issued or guaranteed.

See accompanying notes to financial statements. 59

STATE FARM VARIABLE PRODUCT TRUST MONEY MARKET FUND

SCHEDULE OF INVESTMENTS

June 30, 2013

(Unaudited)

	Principal amount		Value
Short-term Investments (100.12%)
Agriculture, Foods, & Beverage (10.43%)
Coca-Cola Co. (a)
0.100%, 08/22/2013	$	1,845,000	$	1,844,723
Nestle Finance International Ltd.
0.110%, 08/07/2013		1,915,000		1,914,772
				3,759,495
Automotive (10.22%)
American Honda Finance Corp.
0.100%, 07/23/2013		1,800,000		1,799,880
Toyota Motor Credit Corp.
0.130%, 08/26/2013		1,884,000		1,883,605
				3,683,485
Chemicals (5.08%)
EI du Pont de Nemours and Co. (a)
0.060%, 07/09/2013		1,830,000		1,829,970
Financial Services (5.02%)
General Electric Capital Corp.
0.100%, 09/18/2013		1,810,000		1,809,593
Government Agency Securities (b) (37.70%)
Federal Home Loan Bank
0.050%, 07/19/2013		4,000,000		3,999,889
0.045%, 08/02/2013		1,500,000		1,499,936
0.070%, 08/14/2013		3,000,000		2,999,732
0.040%, 08/19/2013		1,000,000		999,943
0.070%, 09/06/2013		1,600,000		1,599,785
Federal Home Loan Mortgage Corp.
0.075%, 08/26/2013		1,000,000		999,879
Federal National Mortgage Association
0.090%, 09/03/2013		1,489,000		1,488,754
				13,587,918
Health Care (2.78%)
Roche Holdings (a)
0.070%, 07/29/2013		1,000,000		999,942
Machinery & Manufacturing (4.98%)
Caterpillar Finance Service Corp.
0.090%, 08/02/2013		1,795,000		1,794,847
Oil & Gas (5.05%)
Chevron Corp. (a)
0.080%, 07/01/2013		1,819,000		1,818,992

	Shares		Value
Short-term Investments (Cont.)
Registered Investment Companies (0.00%)
JPMorgan U.S. Government Money Market Fund		449	$	449
	Principal amount		Value
Retailers (4.99%)
Wal-Mart Stores Inc. (a)
0.080%, 08/12/2013	$	1,800,000	$	1,799,824
U.S. Government Obligations (13.87%)
U.S. Treasury Bill
0.053%, 07/25/2013		2,000,000		1,999,924
0.030%, 08/29/2013		3,000,000		2,999,848
				4,999,772
Total Short-term Investments
(cost $ 36,084,287)				36,084,287
TOTAL INVESTMENTS (100.12%)
(cost $ 36,084,287)				36,084,287
LIABILITIES, NET OF OTHER ASSETS (-0.12%)				(41,963	)
NET ASSETS (100.00%)			$	36,042,324

(a) Securities exempt from registration under Section 4(2) of the Securities Act of 1933. These securities are purchased as part of the normal course of business, valued at amortized cost and may be resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have been determined to be liquid.

(b) The obligations of these U.S. Government-sponsored entities are neither issued nor guaranteed by the United States Treasury. On September 7, 2008, the Federal Housing Finance Agency placed the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corp. (“Freddie Mac”) into conservatorship. The United States Treasury has put in place a set of financing agreements to help ensure that these entities continue to meet their obligations to holders of bonds they have issued or guaranteed.

60 See accompanying notes to financial statements.

(This page intentionally left blank.)

61

STATE FARM VARIABLE PRODUCT TRUST

STATEMENTS OF ASSETS AND LIABILITIES

June 30, 2013

(Unaudited)

	Large Cap Equity Fund			Small/Mid Cap Equity Fund		International Equity Fund
Assets
Investments in securities at identified cost	$	38,252,497			43,863,924		36,737,105
Investments in securities at market value	$	47,100,234			51,997,457		40,958,023
Cash		—			—		—
Foreign currencies at value (cost $5,558 and $2,067,584, respectively)		—			—		5,515
Receivable for:
Dividends and interest		31,362			23,603		87,179
Shares of the Fund sold		9,167			5,836		6,380
Securities sold		487,912			1,085,827		204,085
SFIMC		904			1,604		7,026
Unrealized gain on forward foreign currency contracts		—			—		88
Prepaid expenses		3,378			3,621		3,020
Total assets		47,632,957			53,117,948		41,271,316
Liabilities and Net Assets
Payable for:
Shares of the Fund redeemed		2,339			2,431		—
Securities purchased		186,374			845,720		134,055
Variation margin on futures contracts		—			—		—
Unrealized loss on forward foreign currency contracts		—			—		299
Due to affiliates		24,546			34,896		51,030
Accrued liabilities		26,724			27,370		47,085
Total liabilities		239,983			910,417		232,469
Net assets applicable to shares outstanding of common stock	$	47,392,974			52,207,531		41,038,847
Fund shares outstanding (no par value, unlimited number of shares authorized)		4,799,490			4,101,012		4,131,328
Net asset value, offering price and redemption price per share	$	9.87			12.73		9.93
Analysis of Net Assets
Paid-in-capital	$	47,382,896			41,167,724		44,044,778
Accumulated net realized gain (loss)		(9,295,206	)		2,472,596		(8,002,788	)
Net unrealized appreciation (depreciation)		8,847,737			8,133,533		4,219,548
Accumulated undistributed net investment income (loss)		457,547			433,678		777,309
Net assets applicable to shares outstanding	$	47,392,974			52,207,531		41,038,847

(a) Relates to investments in affiliated investment companies.

62 See accompanying notes to financial statements.

Large Cap Equity Index Fund		Small Cap Equity Index Fund		International Equity Index Fund			Stock and Bond Balanced Fund			Bond Fund			Money Market Fund
	454,602,237		225,603,607		254,500,613			70,666,592	(a)		157,523,043			36,084,287
	535,681,887		266,533,001		271,191,688			84,567,876	(a)		166,237,661			36,084,287
	328,000		613		—			567,730			—			—
	—		—		2,041,933			—			—			—
	657,001		346,348		1,103,599			—			1,762,744			8
	55,361		19,412		43,822			20,909			31,170			2,097
	67,622		23,851,313		12,989			—			—			—
	3,183		1,879		—			34,096			—			14,481
	—		—		53			—			—			—
	24,824		14,465		20,482			5,178			8,190			2,988
	536,817,878		290,767,031		274,414,566			85,195,789			168,039,765			36,103,861
	36,048		17,184		—			289			—			9,484
	29,661		23,728,822		—			—			—			—
	23,725		9,011		44,947			—			—			—
	—		—		—			—			—			—
	108,924		90,090		149,224			2,518			69,586			13,522
	101,252		98,626		166,169			36,756			63,638			38,531
	299,610		23,943,733		360,340			39,563			133,224			61,537
	536,518,268		266,823,298		274,054,226			85,156,226			167,906,541			36,042,324
	33,475,605		21,275,347		22,404,035			5,865,197			15,924,175			36,043,427
	16.03		12.54		12.23			14.52			10.54			1.00
	419,510,604		209,912,229		256,661,771			67,702,249			159,719,523			36,043,426
	21,457,511		14,655,589		(2,599,429	)		1,235,600			(527,600	)		(1,102	)
	81,007,332		40,947,067		16,588,539			13,901,284			8,714,618			—
	14,542,821		1,308,413		3,403,345			2,317,093			—			—
	536,518,268		266,823,298		274,054,226			85,156,226			167,906,541			36,042,324

See accompanying notes to financial statements. 63

STATE FARM VARIABLE PRODUCT TRUST

STATEMENTS OF OPERATIONS

Six months ended June 30, 2013

(Unaudited)

	Large Cap Equity Fund			Small/Mid Cap Equity Fund			International Equity Fund
Investment Income:
Dividends	$	371,632			217,083			686,129
Interest		26			17			65
		371,658			217,100			686,194
Less: foreign withholding taxes		(3,449	)		(56	)		(68,888	)
Total investment income		368,209			217,044			617,306
Expenses:
Investment advisory and management fees		135,306			198,130			166,367
Professional fees		16,918			17,169			28,601
Reports to shareholders		5,120			5,800			6,256
Custodian fees		3,511			7,615			37,620
Errors and omissions insurance		1,286			1,418			1,212
Securities valuation fees		1,593			2,228			7,150
Trustees’ fees and expenses		996			1,080			905
Regulatory fees		380			380			380
ICI dues		220			239			221
Fidelity bond expense		36			39			58
License index fees		—			—			—
Total expenses		165,366			234,098			248,770
Less: expense reimbursement from SFIMC (b)		(7,508	)		(11,201	)		(40,811	)
Net expenses		157,858			222,897			207,959
Net investment income		210,351			(5,853	)		409,347
Realized and unrealized gain (loss):
Net realized gain (loss) on sales of investments		2,414,510			3,634,581			1,320,742
Net realized gain (loss) on forward foreign currency contracts		—			—			(56	)
Net realized gain (loss) on foreign currency transactions		—			—			(18,612	)
Net realized gain (loss) on futures contracts		—			—			—
Change in unrealized gain (loss) on open futures contracts		—			—			—
Change in net unrealized appreciation (depreciation) on investments and foreign currency transactions		3,549,810			3,265,631			(997,252	)
Net realized and unrealized gain (loss) on investments		5,964,320			6,900,212			304,822
Net change in net assets resulting from operations	$	6,174,671			6,894,359			714,169

(a) Relates to investments in affiliated investment companies.

(b) For the Money Market Fund, this amount includes $71,337 of additional voluntary fee waivers by SFIMC. See Note 6 under Fees and Other Transactions with Affiliates.

64 See accompanying notes to financial statements.

Large Cap Equity Index Fund		Small Cap Equity Index Fund			International Equity Index Fund			Stock and Bond Balanced Fund			Bond Fund			Money Market Fund
	5,526,752		1,451,970			6,464,013			485,535	(a)		—			—
	220		231			393			—			3,130,844			17,645
	5,526,972		1,452,201			6,464,406			485,535			3,130,844			17,645
	(1,912)		(1,535	)		(534,724	)		—			—			—
	5,525,060		1,450,666			5,929,682			485,535			3,130,844			17,645
	621,163		507,716			767,347			—			423,647			71,186
	24,307		20,598			42,652			17,395			24,612			17,783
	41,345		38,472			35,822			12,499			22,717			14,488
	10,772		12,334			59,325			19			1,072			763
	12,985		7,018			8,473			2,335			4,084			1,089
	4,365		15,540			13,175			—			9,511			—
	11,041		5,620			6,285			1,919			4,110			843
	380		380			380			380			380			186
	3,172		1,283			1,376			—			848			247
	279		197			494			—			120			3
	23,236		26,892			4,974			—			—			—
	753,045		636,050			940,303			34,547			491,101			106,588
	(10,772)		(12,334	)		—			(34,547	)		—			(88,943	)
	742,273		623,716			940,303			—			491,101			17,645
	4,782,787		826,950			4,989,379			485,535			2,639,743			—
	7,925,888		12,497,320			1,295,527			129,484	(a)		307,043			—
	—		—			(30,130	)		—			—			—
	—		(61	)		(28,256	)		—			—			—
	911,127		800,444			98,637			—			—			—
	(70,474)		(105,561	)		(60,057	)		—			—			—
	52,552,927		22,805,428			2,189,899			5,234,119	(a)		(7,041,926	)		—
	61,319,468		35,997,570			3,465,620			5,363,603			(6,734,883	)		—
	66,102,255		36,824,520			8,454,999			5,849,138			(4,095,140	)		—

See accompanying notes to financial statements. 65

STATE FARM VARIABLE PRODUCT TRUST

STATEMENTS OF CHANGES IN NET ASSETS

	Large Cap Equity Fund
Six months ended June 30, 2013 (Unaudited) and the Year ended December 31, 2012	2013			2012
From operations:
Net investment income	$	210,351			616,093
Net realized gain (loss)		2,414,510			2,577,458
Change in net unrealized appreciation or depreciation		3,549,810			2,848,618
Net change in net assets resulting from operations		6,174,671			6,042,169
Distributions to shareholders from and in excess of:
Net investment income		—			(613,447	)
Net realized gain		—			—
Total distributions to shareholders		—			(613,447	)
From Fund share transactions:
Proceeds from shares sold		677,751			1,208,124
Reinvestment of distributions		—			613,447
		677,751			1,821,571
Less payments for shares redeemed		(1,653,569	)		(1,631,299	)
Net increase (decrease) in net assets from Fund share transactions		(975,818	)		190,272
Total increase (decrease) in net assets		5,198,853			5,618,994
Net assets:
Beginning of period		42,194,121			36,575,127
End of period*	$	47,392,974			42,194,121
*      Including accumulated undistributed net investment income (loss)	$	457,547			247,196
Share Information
Sold		72,500			145,643
Issued in reinvestment of distributions		—			70,592
Redeemed		(176,355	)		(197,034	)
Net increase (decrease)		(103,855	)		19,201

66 See accompanying notes to financial statements.

Small/Mid Cap Equity Fund						International Equity Fund						Large Cap Equity Index Fund						Small Cap Equity Index Fund
2013			2012			2013			2012			2013			2012			2013			2012
	(5,853	)		447,353			409,347			553,089			4,782,787			9,784,496			826,950			3,379,860
	3,634,581			4,542,096			1,302,074			186,194			8,837,015			14,077,368			13,297,703			9,181,465
	3,265,631			1,984,614			(997,252	)		5,803,968			52,482,453			45,804,974			22,699,867			21,286,413
	6,894,359			6,974,063			714,169			6,543,251			66,102,255			69,666,838			36,824,520			33,847,738
	—			(91,918	)		—			(202,352	)		—			(8,311,287	)		—			(2,964,020	)
	—			—			—			—			—			(11,052,261	)		—			(7,245,474	)
	—			(91,918	)		—			(202,352	)		—			(19,363,548	)		—			(10,209,494	)
	616,902			1,165,333			326,057			749,371			1,951,416			4,019,518			921,832			2,336,030
	—			91,918			—			202,352			—			19,363,548			—			10,209,494
	616,902			1,257,251			326,057			951,723			1,951,416			23,383,066			921,832			12,545,524
	(1,176,512	)		(1,768,749	)		(623,019	)		(860,746	)		(19,441,452	)		(40,159,572	)		(8,989,753	)		(16,818,172	)
	(559,610	)		(511,498	)		(296,962	)		90,977			(17,490,036	)		(16,776,506	)		(8,067,921	)		(4,272,648	)
	6,334,749			6,370,647			417,207			6,431,876			48,612,219			33,526,784			28,756,599			19,365,596
	45,872,782			39,502,135			40,621,640			34,189,764			487,906,049			454,379,265			238,066,699			218,701,103
	52,207,531			45,872,782			41,038,847			40,621,640			536,518,268			487,906,049			266,823,298			238,066,699
	433,678			439,531			777,309			367,962			14,542,821			9,760,034			1,308,413			481,463
	50,439			112,591			32,075			83,087			126,100			288,476			76,764			218,835
	—			8,259			—			20,796			—			1,346,561			—			961,346
	(97,495	)		(169,479	)		(61,774	)		(96,264	)		(1,253,417	)		(2,880,950	)		(750,682	)		(1,565,625	)
	(47,056	)		(48,629	)		(29,699	)		7,619			(1,127,317	)		(1,245,913	)		(673,918	)		(385,444	)

See accompanying notes to financial statements. 67

STATE FARM VARIABLE PRODUCT TRUST

STATEMENTS OF CHANGES IN NET ASSETS

	International Equity Index Fund
Six months ended June 30, 2013 (Unaudited) and the Year ended December 31, 2012	2013			2012
From operations:
Net investment income	$	4,989,379			7,108,823
Net realized gain (loss)		1,335,778			(2,352,920	)
Change in net unrealized appreciation or depreciation		2,129,842			37,310,058
Net change in net assets resulting from operations		8,454,999			42,065,961
Distributions to shareholders from and in excess of:
Net investment income		—			(7,548,859	)
Net realized gain		—			(2,136	)
Total distributions to shareholders		—			(7,550,995	)
From Fund share transactions:
Proceeds from shares sold		1,121,193			3,417,658
Reinvestment of distributions		—			7,550,995
		1,121,193			10,968,653
Less payments for shares redeemed		(5,901,540	)		(12,038,453	)
Net increase (decrease) in net assets from Fund share transactions		(4,780,347	)		(1,069,800	)
Total increase (decrease) in net assets		3,674,652			33,445,166
Net assets:
Beginning of period		270,379,574			236,934,408
End of period*	$	274,054,226			270,379,574
*      Including accumulated undistributed net investment income (loss)	$	3,403,345			(1,586,034	)
Share Information
Sold		89,853			312,703
Issued in reinvestment of distributions		—			637,215
Redeemed		(473,962	)		(1,075,936	)
Net increase (decrease)		(384,109	)		(126,018	)

(a) Relates to investments in affiliated investment companies.

68 See accompanying notes to financial statements.

Stock and Bond Balanced Fund						Bond Fund						Money Market Fund
2013			2012			2013			2012			2013			2012
	485,535	(a)		1,823,215	(a)		2,639,743			5,466,213			—			—
	129,484	(a)		1,115,400	(a)		307,043			210,636			—			—
	5,234,119	(a)		5,274,118	(a)		(7,041,926	)		249,859			—			—
	5,849,138			8,212,733			(4,095,140	)		5,926,708			—			—
	—			(1,041,832	)		(2,639,743	)		(5,466,213	)		—			—
	—			(194,070	)		—			—			—			—
	—			(1,235,902	)		(2,639,743	)		(5,466,213	)		—			—
	937,161			1,523,607			2,262,172			3,877,918			1,932,657			1,702,512
	—			1,235,902			2,639,743			5,466,213			—			—
	937,161			2,759,509			4,901,915			9,344,131			1,932,657			1,702,512
	(2,830,060	)		(6,805,369	)		(4,705,957	)		(10,782,386	)		(2,379,851	)		(5,238,637	)
	(1,892,899	)		(4,045,860	)		195,958			(1,438,255	)		(447,194	)		(3,536,125	)
	3,956,239			2,930,971			(6,538,925	)		(977,760	)		(447,194	)		(3,536,125	)
	81,199,987			78,269,016			174,445,466			175,423,226			36,489,518			40,025,643
	85,156,226			81,199,987			167,906,541			174,445,466			36,042,324			36,489,518
	2,317,093			1,831,558			—			—			—			—
	65,797			115,009			208,470			353,028			1,932,657			1,702,512
	—			91,345			243,875			496,846			—			—
	(198,176	)		(513,352	)		(433,430	)		(981,689	)		(2,379,851	)		(5,238,637	)
	(132,379	)		(306,998	)		18,915			(131,815	)		(447,194	)		(3,536,125	)

See accompanying notes to financial statements. 69

STATE FARM VARIABLE PRODUCT TRUST

NOTES TO FINANCIAL STATEMENTS

(Unaudited)

1. Investment Objective

State Farm Variable Product Trust (the “Trust”) has nine separate investment portfolios (each a “Fund” and together, the “Funds”) as of June 30, 2013. Shares of each Fund are offered exclusively in connection with variable deferred annuity and variable universal life insurance policies issued by State Farm Life Insurance Company and State Farm Life and Accident Assurance Company. Each Fund is a separate investment portfolio with its own investment objective, investment policies, restrictions and attendant risks. State Farm Investment Management Corp. (“SFIMC”) is the Trust’s investment adviser.

The Large Cap Equity Fund seeks long-term growth of capital. The Fund invests under normal circumstances at least 80% of its net assets (plus any borrowing) in common stocks and other equity securities of large capitalization companies.

The Small/Mid Cap Equity Fund seeks long-term growth of capital. The Fund primarily invests under normal circumstances at least 80% of its net assets (plus any borrowing) in common stock and other equity securities of small and mid-capitalization companies.

The International Equity Fund seeks long-term growth of capital. The International Equity Fund invests its assets primarily in securities issued by foreign companies. There is no restriction on the size of the companies in which the Fund invests.

The Large Cap Equity Index Fund (the “Large Cap Index Fund”) seeks to match the performance of the Standard and Poor’s Composite Index of 500 Stocks^® (the “S&P 500”)¹ by investing in the securities that make up the S&P 500. The S&P 500 tracks the common stock performance of 500 large U.S. companies.

The Small Cap Equity Index Fund (the “Small Cap Index Fund”) seeks to match the performance of the Russell 2000^® Small Stock Index (the “Russell 2000”)² by investing in some of the stocks found in the Russell 2000. The Russell 2000 tracks the common stock performance of about 2,000 small U.S. companies.

The International Equity Index Fund (the “International Index Fund”) seeks to match the performance of the Morgan Stanley Capital International Europe, Australasia and Far East Free Index^® (the “EAFE Free”)³ by investing in some of the stocks found in the EAFE Free. The EAFE Free is a capitalization-weighted index that currently includes stocks of companies in 16 European countries, Australia, New Zealand, Israel, Hong Kong, Japan and Singapore.

The Stock and Bond Balanced Fund (the “Balanced Fund”) seeks long-term growth of capital, balanced with current income. The Balanced Fund invests in the Large Cap Index and Bond Funds of the Trust.

The Bond Fund seeks to realize over a period of years the highest yield consistent with prudent investment management through current income and capital gains. The Fund typically invests 80% or more of its assets in investment grade bonds or bonds determined to be of comparable quality.

The Money Market Fund seeks to maximize current income to the extent consistent with the preservation of capital and maintenance of liquidity.

2. Significant Accounting Policies

The following is a summary of significant accounting policies followed by the Funds in the preparation of their financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”).

Fund Share Valuation

Fund shares are sold and redeemed on a continuous basis at net asset value. Net asset value per share is determined daily on each day the New York Stock Exchange is open. The net asset value for each Fund is determined as of the close of regular session trading on the New York Stock Exchange (usually 3:00 p.m., Central Time). The net asset value per share is computed by dividing the total value of a Fund’s investments and other assets, less liabilities, by the number of Fund shares outstanding.

Securities Valuation

All investments in securities are recorded at their fair value. For more information refer to Note 3 Securities Valuation.

Securities Transactions and Investment Income

For financial reporting purposes, security transactions are accounted for on trade date (date the order to buy or sell is executed). Dividend income is recorded on the ex-dividend date, except that certain dividends from foreign securities are recorded as soon as the information is available to the Funds. Interest income is recorded on the accrual basis, and includes amortization of premiums and accretion of discounts on money market instruments and long-term debt instruments. Realized gains and losses from security transactions are reported on an identified cost basis.

Expenses

Expenses arising in connection with a specific Fund are allocated to that Fund. Common Trust expenses are generally allocated between the Funds in proportion to each Fund’s relative net assets.

70

STATE FARM VARIABLE PRODUCT TRUST

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

Income Taxes and Distributions to Shareholders

Each Fund is a separate taxpayer for federal income tax purposes. It is the Funds’ policy to comply with the provisions of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and, in the manner provided therein, to distribute substantially all of their taxable income, including any net realized gain on sales of investments reportable for federal income tax purposes.

For more information refer to Note 5 Income Taxes and Distributions to Shareholders.

Foreign Currency Translations

Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the prevailing foreign exchange rates at June 30, 2013. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollars at the prevailing foreign exchange rates on the respective dates of transactions. That portion of realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed, but is included with realized and unrealized gains and losses on investment securities.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Commitments and Contingencies

In the normal course of business, the Trust enters into contracts on behalf of the Funds that may contain provisions for general indemnifications. Each Fund’s maximum exposure under these indemnification provisions is unknown, as this would involve future claims that may be made against each Fund that are not known at this time. However, based on past experience, the Funds believe the risk of loss from these indemnification provisions is remote.

Short Sales

The Large Cap Index, Small Cap Index, International Index Funds, and indirectly, the Balanced Fund, may enter into covered short sale transactions to dispose of certain securities received as part of corporate actions (e.g., corporate mergers or spin-offs) that no longer are included in the respective benchmark indices. These transactions are designed to help minimize the impact these non-index securities have on the overall performance of the Funds.

New Accounting Pronouncement

In June 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards update No. 2013-08, “Financial Services-Investment Companies: Amendments to the Scope, Measurement and Disclosure Requirements”, which is effective for reporting periods beginning after December 15, 2013. This update modifies the criteria used in defining an investment company under U.S. GAAP. It also sets forth certain measurement and disclosure requirements. At this time, the Trust’s management is evaluating the impact this pronouncement may have on the Trust’s financial statements, if any.

3. Securities Valuation

Investments are valued at fair value pursuant to valuation procedures approved by the Trust’s Board of Trustees (the “Board”). The valuation procedures assign to SFIMC the responsibility for determining fair value using the processes and factors as outlined in the valuation procedures. If SFIMC cannot determine fair value based on the valuation procedures, the Board or the Executive Committee of the Board will determine fair value.

Fair value is defined as the price that the Funds would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. A three-tier hierarchy is used to classify fair value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in three broad levels as follows:

• Level 1 - Unadjusted quoted prices in active markets that are accessible to the Funds for identical assets or liabilities.

• Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, quoted prices for similar instruments in active markets, interest rates, yield curves and credit spreads. For assets or liabilities with a specified (contractual) term, a Level 2 input must be observable for substantially the full term of the asset or liability.

• Level 3 - Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available. These inputs, based on the best information available in the circumstances, would include reasonably available information about the assumptions that a market participant would use in valuing the asset or liability and might include SFIMC’s own data.

To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

71

STATE FARM VARIABLE PRODUCT TRUST

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

The inputs used to measure the fair value of an asset or liability might be categorized within different levels of the fair value hierarchy. In those cases, the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement.

Stocks, closed-end registered investment companies and exchange-traded funds (“ETFs”) traded on securities exchanges, or in an over-the-counter market in which transaction prices are reported, are valued at the last sales price on the day of valuation or, if there are no reported sales on that day, at the last reported bid price for the day. Stocks traded on NASDAQ are valued at the NASDAQ Official Closing Price. Long-term debt securities and U.S. Treasury bills are generally valued using quotations provided by an independent pricing service. All of the securities of the Money Market Fund and short-term debt securities with remaining maturities of 60 days or less (other than U.S. Treasury bills) are generally valued on an amortized cost basis, which approximates market value. Investments in open-end investment companies are valued each day based on the closing net asset value of the respective fund. Futures contracts are valued at the settlement price established each day on the exchange on which they are traded. Forward foreign currency contracts are valued daily using quoted forward exchange rates. Short sales, if any, are valued at market value.

Portfolio securities that are primarily traded on foreign securities exchanges (“foreign securities”) are valued at the closing values of such securities on the respective exchange where each security is primarily traded. SFIMC may determine that a market quotation for a foreign security held by a Fund is not reliable because of events or circumstances that have occurred between the time of the market quotation and the time the net asset value of the Fund is calculated (“subsequent events”). A subsequent event might include company-specific developments, a development that might affect an entire market or region, a potentially global development or a significant change in one or more U.S. securities indices. If SFIMC determines that the market quotation for a foreign security is not reliable, SFIMC may use an independent statistical fair value service to assist in determining value, or SFIMC may determine the foreign security’s value in SFIMC’s reasonable judgment.

For securities other than foreign securities, for which market prices are not readily available or are considered unreliable, SFIMC is required to obtain bid price quotations from brokers or dealers in the securities. If SFIMC cannot obtain a quotation for the security or if SFIMC believes the quotation does not represent the security’s fair value, then SFIMC will determine the security’s value in SFIMC’s reasonable judgment.

In determining a value based on reasonable judgment, SFIMC may use different methodologies, including multiple of earnings, multiple of book value, discount from market of a similar freely traded security or, for debt securities, yield to maturity. Other factors SFIMC may consider in determining value for a security include, but are not limited to, fundamental analytical data relating to the security, the nature and duration of any restrictions on disposition of the security, the last traded price of the security, significant global or regional events such as political unrest, natural disasters, and war, and significant movements in major market indices, exchange traded funds, index futures or other financial instruments in the U.S. or other markets. All securities valued based on SFIMC’s reasonable judgment are subsequently reported to the Board on a quarterly basis.

SFIMC reviews the pricing methodologies of the Funds’ approved pricing vendors, including reviewing a vendor’s key inputs and assumptions in valuing securities. SFIMC also engages in transaction back-testing with respect to portfolio securities sold by the Funds to compare unrealized gains and losses to realized gains and losses.

72

STATE FARM VARIABLE PRODUCT TRUST

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value each Fund’s assets and liabilities as of June 30, 2013:

	Investments in Securities								Derivative Instruments
Fund	Level 1		Level 2		Level 3		Total		Level 1			Level 2			Level 3		Total
Large Cap Equity Fund									$	—		$	—		$	—	$	—
Common Stocks (a)	$	46,631,076	$	—	$	—	$	46,631,076
Short-term Investments		469,158		—		—		469,158
Small/Mid Cap Equity Fund										—			—			—		—
Common Stocks (a)		51,480,109		—		—		51,480,109
Registered Investment Companies		344,081		—		—		344,081
Short-term Investments		173,267		—		—		173,267
International Equity Fund										—			(211	)		—		(211	)
Common Stocks (a)		—		39,497,544		—		39,497,544
Preferred Stocks (a)		—		334,797		—		334,797
Short-term Investments		1,125,682		—		—		1,125,682
Large Cap Index Fund										(72,318	)		—			—		(72,318	)
Common Stocks (a)		531,294,341		—		—		531,294,341
Short-term Investments		4,387,546		—		—		4,387,546
Small Cap Index Fund										17,673			—			—		17,673
Common Stocks (a)		259,704,109		784		0		259,704,893
Registered Investment Companies		3,135,078		—		—		3,135,078
Short-term Investments		3,693,030		—		—		3,693,030
International Index Fund										(44,950	)		53			—		(44,897	)
Common Stocks (a)		—		269,513,844		0		269,513,844
Preferred Stocks (a)		—		1,677,844		—		1,677,844
Short-term Investments		—		—		—		—
Balanced Fund										—			—			—		—
Registered Investment Companies		84,567,876		—		—		84,567,876
Bond Fund										—			—			—		—
Corporate Bonds (a)		—		117,283,656		—		117,283,656
Government Agency Securities		—		1,502,565		—		1,502,565
U.S. Treasury Obligations		—		47,397,654		—		47,397,654
Short-term Investments		53,786		—		—		53,786
Money Market Fund										—			—			—		—
Short-term Investments		449		36,083,838		—		36,084,287
(a)    Industry classification and/or country is disclosed in the Schedules of Investments.

For each Fund, there were no transfers of securities between Level 1 and Level 2 as of June 30, 2013 as compared to December 31, 2012.

Derivative instruments, such as futures and foreign currency contracts, are valued at the unrealized appreciation (depreciation) on the instrument. For more information, see Note 4 Derivative Instruments.

The Small Cap Index Fund and International Index Fund did not hold any Level 3 securities valued at other than zero as of December 31, 2012 or for the period ended June 30, 2013. The remaining Funds did not hold any Level 3 securities as of December 31, 2012, or for the period ended June 30, 2013.

4. Derivative Instruments

The Large Cap Index, Small Cap Index, and International Index Funds, and, indirectly, the Balanced Fund, are subject to equity price risk in the normal course of pursuing their investment objectives. These Funds, other than the Balanced Fund, entered into stock index futures contracts to gain exposure to market fluctuations, as the use of these instruments was more efficient or cost effective than actually buying the underlying securities. These contracts obligated those Funds to make or take delivery of a financial instrument or the cash value of a securities index at a specified future date at a specified

73

STATE FARM VARIABLE PRODUCT TRUST

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

price. Realized and unrealized gains and losses from these contracts are reflected in the Statements of Operations. Unrealized gains and losses on open futures contracts are reflected as a component of net unrealized appreciation (depreciation) in the Statements of Assets and Liabilities, and in other assets in the Schedules of Investments. Daily fluctuation in the margin requirements for futures contracts are recorded as variation margin receivable or payable on the Statements of Assets and Liabilities. Upon entering into a futures contract, these Funds bore the risk of futures contracts’ prices moving unexpectedly, in which case, the Funds might not have been able to achieve the anticipated benefits of the futures contract and might realize a loss. With futures, there is minimal counterparty credit risk to the Fund since futures are exchange traded and the exchange’s clearinghouse, as the ultimate counterparty to all exchange traded futures, guarantees the futures against default.

The International Equity and International Index Funds are subject to foreign currency exchange risk in the normal course of pursuing their investment objectives. In an attempt to decrease exposure to this risk, both Funds engaged in transaction hedging with the objective to protect against variations in exchange rates. Transaction hedging involved the purchase and sale of forward foreign currency contracts between trade date and settlement date on security transactions. Realized and unrealized gains and losses on forward foreign currency contracts are reflected in the Statements of Operations. Unrealized gains and losses on forward foreign currency contracts are reflected as a component of net unrealized appreciation (depreciation) in the Statements of Assets and Liabilities, and in other assets in the Schedules of Investments. These Funds bore the market risk that arises from changes in foreign currency rates and the credit risk should a counterparty fail to perform under such contracts, and as a result, might realize a loss.

As of June 30, 2013, the fair value of derivative instruments, which are also disclosed in the Schedules of Investments, was as follows:

		Asset Derivatives				Liability Derivatives
Fund	Derivatives not accounted for as hedging instruments	Statements of Assets and Liabilities Location	Value			Statements of Assets and Liabilities Location	Value
International Equity Fund	Forward Foreign Currency Contracts	Unrealized gain on forward foreign currency contracts	$	88		Unrealized loss on forward foreign currency contracts	$	299
Total			$	88			$	299
		Variation Margin;				Variation Margin;
Large Cap Index Fund	Stock Index Futures Contracts	Analysis of Net Assets - Net Unrealized Appreciation	$	—		Analysis of Net Assets - Net Unrealized Depreciation	$	72,318	(a)
Total			$	—			$	72,318
		Variation Margin;				Variation Margin;
Small Cap Index Fund	Stock Index Futures Contracts	Analysis of Net Assets - Net Unrealized Appreciation	$	17,673	(a)	Analysis of Net Assets - Net Unrealized Depreciation	$	—
Total			$	17,673			$	—
International Index Fund	Forward Foreign Currency Contracts	Unrealized gain on forward foreign currency contracts	$	53		Unrealized loss on forward foreign currency contracts	$	—
		Variation Margin;				Variation Margin;
International Index Fund	Stock Index Futures Contracts	Analysis of Net Assets - Net Unrealized Appreciation	$	—		Analysis of Net Assets - Net Unrealized Depreciation	$	44,950	(a)
Total			$	53			$	44,950
(a)    Represents cumulative unrealized gain (loss) on futures contracts. Variation margin disclosed on the Statements of Assets and Liabilities is for the last day of the period.

74

STATE FARM VARIABLE PRODUCT TRUST

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

As of June 30, 2013, the effect of derivative instruments on the Statement of Operations was as follows:

Fund	Derivatives not accounted for as hedging instruments	Amount of Realized Gain (Loss) on Derivatives Recognized in Income					Change in Unrealized Appreciation (Depreciation) on  Derivatives Recognized in Income
		Futures		Forward Currency Contracts			Futures			Forward Currency Contracts
International Equity Fund	Forward Foreign Currency Contracts	$	—	$	(56	)	$	—		$	28
Large Cap Index Fund	Stock Index Futures Contracts		911,127		—			(70,474	)		—
Small Cap Index Fund	Stock Index Futures Contracts		800,444		—			(105,561	)		—
International Index Fund	Forward Foreign Currency Contracts		—		(30,130	)		—			53
International Index Fund	Stock Index Futures Contracts		98,637		—			(60,057	)		—

As of June 30, 2013, the average quarterly balance of outstanding derivative instruments was as follows:

	Futures Contracts				Foreign Currency Contracts
Fund	Average Number of Contracts Purchased		Average Notional Value of  Contracts Purchased		Average Number of Contracts Purchased		Average U.S. Dollar of Contracts Purchased		Average Number of Contracts Sold		Average U.S. Dollar of Contracts Sold
International Equity Fund		—	$	—		3	$	85,276		6	$	166,293
Large Cap Index Fund		52		3,986,148		—		—		—		—
Small Cap Index Fund		50		4,457,814		—		—		—		—
International Index Fund		31		1,797,031		1		66,888		—		—

5. Income Taxes and Distributions to Shareholders

As of December 31, 2012, the Trust’s management completed a review of uncertain tax positions taken by the Funds, if any, and determined that no tax liability was required for unrecognized tax benefits, and no additional disclosures were needed. Generally, the tax authorities can initiate examinations of tax returns within the three year period beginning on the date such returns are filed. As a result, some tax returns are still open and subject to examination. In addition, as of December 31, 2012, management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change for the period ending December 31, 2013.

As of June 30, 2013, each Fund’s aggregate securities holdings’ unrealized gains and losses based on cost for federal income tax purposes were as follows:

Fund	Cost of  Investments for Federal Tax Purposes		Gross Unrealized Appreciation		Gross Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
Large Cap Equity Fund	$	38,308,640	$	9,371,536	$	(579,942	)	$	8,791,594
Small/Mid Cap Equity Fund		43,873,482		9,258,828		(1,134,853	)		8,123,975
International Equity Fund		37,139,850		5,591,908		(1,773,735	)		3,818,173
Large Cap Index Fund		455,103,633		171,030,043		(90,451,789	)		80,578,254
Small Cap Index Fund		225,775,989		73,906,576		(33,149,564	)		40,757,012
International Index Fund		256,643,481		78,742,455		(64,194,248	)		14,548,207
Balanced Fund		70,666,703		13,901,173		—			13,901,173
Bond Fund		157,523,043		10,483,803		(1,769,185	)		8,714,618
Money Market Fund		36,084,287		—		—			—

The differences, if any, between the cost of investments for federal income tax purposes and the cost of investments reflected on the Statements of Assets and Liabilities and Schedules of Investments are primarily related to the timing of recognition of gains and losses and investment income.

75

STATE FARM VARIABLE PRODUCT TRUST

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

The Large Cap Equity, Small/Mid Cap Equity, International Equity, Large Cap Index, Small Cap Index, International Index, and Balanced Funds declare and pay dividend and capital gain distributions, if any, at least annually.

The Bond and Money Market Funds declare dividends daily and distribute dividends monthly on the last business day of the month. Capital gain distributions on these Funds, if any, are paid at least annually.

After utilizing capital loss carryforwards to offset realized capital gains in 2012, the following Funds had unused capital loss carryforwards available for federal income tax purposes to be applied against future capital gains realized after December 31, 2012. Future capital loss carryforward utilization in any given year may be subject to Internal Revenue Code limitations. If not applied, the carryforwards will expire as follows:

	Utilized		Non Expiring				Year of Expiration								Total
			Short-term		Long-term		2013		2016		2017		2018
Large Cap Equity Fund	$	2,586,783	$	—	$	—	$	—	$	4,857,693	$	6,789,243	$	—	$	11,646,936
Small/Mid Cap Equity Fund		4,359,929		—		—		—		—		1,034,507		—		1,034,507
International Equity Fund		—		—		216,953		—		4,312,104		3,776,139		924,320		9,229,516
International Index Fund		—		—		1,810,655		—		—		—		—		1,810,655
Bond Fund		210,636		—		—		—		—		834,643		—		834,643
Money Market Fund		—		—		—		1,102		—		—		—		1,102

Capital losses incurred on or after January 1, 2011 are permitted to carry forward indefinitely. These losses must be utilized prior to losses incurred before January 1, 2011. Therefore, any losses incurred prior to 2011 may be more likely to expire unused.

As of December 31, 2012, in accordance with federal tax regulations, the components of distributable earnings on a tax basis were as follows:

Fund	Undistributed Ordinary Income		Undistributed Long- term Gain		Unrealized Appreciation (Depreciation)		Accumulated Capital and Other Losses			Total
Large Cap Equity Fund	$	247,196	$	—	$	5,235,147	$	(11,646,936	)	$	(6,164,593	)
Small/Mid Cap Equity Fund		376,657		—		4,919,993		(1,151,738	)		4,144,912
International Equity Fund		715,443		—		4,793,973		(9,229,516	)		(3,720,100	)
Large Cap Index Fund		10,003,169		12,964,200		27,938,040		—			50,905,409
Small Cap Index Fund		287,609		1,473,964		18,324,976		—			20,086,549
International Index Fund		407,233		—		12,328,124		(3,797,932	)		8,937,425
Balanced Fund		1,834,132		1,103,733		8,666,974		—			11,604,839
Bond Fund		—		—		15,756,544		(834,643	)		14,921,901
Money Market Fund		—		—		—		(1,102	)		(1,102	)

The differences between these amounts and the undistributed net investment income reported on the Statements of Assets and Liabilities as of December 31, 2012 relates to one or more of the following: short-term capital gains, forward foreign currency contracts, mark-to-market of Passive Foreign Investment Companies (“PFICs”), post-October loss deferrals and return of capital transactions.

From November 1, 2012 through December 31, 2012, the Small/Mid Cap Equity Fund incurred $117,231 in realized losses and the International Index Fund incurred $1,987,277 in realized losses. As permitted by tax regulations, the Funds intend to elect to defer these losses and treat them as arising on January 1, 2013.

The timing and characterization of certain income and capital gain distributions are determined annually in accordance with federal income tax regulations, which may differ from GAAP. These differences are primarily due to differing treatment for futures contracts, the recognition of net realized losses, the timing of Fund distributions, expiring capital loss carryforwards, and foreign currency transactions. As a result, net investment income and net realized gain or loss on investment transactions for a reporting period may differ from distributions during such period. Accordingly, each Fund may periodically make reclassifications among certain capital accounts without impacting its net asset value.

76

STATE FARM VARIABLE PRODUCT TRUST

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

As of December 31, 2012, these reclassifications were as follows:

Fund	Paid in Capital			Accumulated Net Realized Gain (Loss)			Net Unrealized Gain (Loss)		Accumulated Undistributed Net Investment Income  (Loss)
Small/Mid Cap Equity Fund	$	—		$	20,162		$	—	$	(20,162	)
International Equity Fund		—			132,054			—		(132,054	)
Large Cap Index Fund		—			95,020			—		(95,020	)
Small Cap Index Fund		(12,602	)		142,378			—		(129,776	)
International Index Fund		—			868,718			—		(868,718	)
Balanced Fund		—			(8,397	)		—		8,397

The tax character of distributions was designated as follows for the year ended December 31, 2012.

2012	Ordinary Income		Long - term Capital Gain		Total
Large Cap Index Fund	$	8,394,353	$	10,969,195	$	19,363,548
Balanced Fund		1,050,029		185,873		1,235,902

For the remaining Funds, the tax distributions of ordinary income and long-term capital gains were the same as the distributions from net investment income and capital gains reflected in the Statements of Changes in Net Assets for the year ended December 31, 2012.

6. Fees and Other Transactions with Affiliates

Investment Advisory and Management Services Agreement

The Trust has entered into an investment advisory and management services agreement with SFIMC pursuant to which each Fund pays SFIMC an annual fee (computed on a daily basis and paid monthly) at the following annual rates:

Large Cap Equity Fund	0.60% of average daily net assets
Small/Mid Cap Equity Fund	0.80% of average daily net assets
International Equity Fund	0.80% of average daily net assets
Large Cap Index Fund	0.24% of average daily net assets
Small Cap Index Fund	0.40% of average daily net assets
International Index Fund	0.55% of average daily net assets
Balanced Fund	None
Bond Fund	0.50% of average daily net assets
Money Market Fund	0.40% of average daily net assets

SFIMC has agreed not to be paid an investment advisory and management services fee for performing its services for the Balanced Fund. However, SFIMC receives investment advisory fees from managing the underlying Funds in which the Balanced Fund invests.

The Funds do not pay any direct or indirect discount, commission or other compensation for transfer agent services provided by SFIMC or for distribution and underwriting services provided by State Farm VP Management Corp.

SFIMC has engaged Bridgeway Capital Management, Inc. (“Bridgeway”) and Westwood Management Corp. (“Westwood”) as the investment sub-advisers to provide day-to-day portfolio management for the Large Cap Equity Fund; Bridgeway and Rainier Investment Management, Inc. (“Rainier”) as the investment sub-advisers to provide day-to-day portfolio management for the Small/Mid Cap Equity Fund; Marsico Capital Management, LLC (“Marsico”) and Northern Cross, LLC (“Northern Cross”) as the investment sub-advisers to provide day-to-day portfolio management for the International Equity Fund; and BlackRock Fund Advisors (“BlackRock”) as the investment sub-adviser to provide day-to-day portfolio management for the Large Cap Index, Small Cap Index and International Index Funds.

In accordance with the investment objective of the Fund or Funds each sub-advises, Bridgeway, Westwood, Marsico, Northern Cross, BlackRock, and Rainier determine which securities to buy and sell, select the brokers and dealers to effect the transactions, and negotiate commissions. Bridgeway’s, Westwood’s, Rainier’s, Marsico’s, Northern Cross’s, and BlackRock’s sub-advisory fees for managing the respective portfolios are paid by SFIMC. No additional advisory fees are charged to the Funds for the services of the sub-advisers.

77

STATE FARM VARIABLE PRODUCT TRUST

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

As of June 30, 2013, the following fees were earned by BlackRock, Bridgeway, Rainier, Westwood, Marsico, and Northern Cross for sub-advisory services (not all amounts earned were paid during the period):

	BlackRock		Bridgeway		Rainier		Westwood		Marsico		Northern Cross
Large Cap Equity Fund	$	—	$	50,578	$	—	$	39,496	$	—	$	—
Small/Mid Cap Equity Fund		—		76,057		71,133		—		—		—
International Equity Fund		—		—		—		—		53,107		60,859
Large Cap Index Fund		52,796		—		—		—		—		—
Small Cap Index Fund		128,496		—		—		—		—		—
International Index Fund		139,528		—		—		—		—		—
Total Sub-Advisory Fees	$	320,820	$	126,635	$	71,133	$	39,496	$	53,107	$	60,859

Expense Reduction Agreements

With respect to each Fund, other than the Balanced, International Equity and International Index Funds, SFIMC has agreed to reimburse the expenses incurred by each Fund, (other than the investment advisory and management services fee, acquired fund fees and expenses and custody fees in the case of the Large Cap Index Fund and the Small Cap Index Fund) that exceed 0.10% of such Fund’s average daily net assets. With respect to the Balanced Fund, SFIMC has agreed to reimburse all expenses incurred by the Fund other than acquired fund fees and expenses. With respect to the International Equity and International Index Funds, SFIMC has agreed to reimburse the expenses incurred by these Funds, other than the investment advisory and management services fee and acquired fund fees and expenses, that exceed 0.20% of the Fund’s average daily net assets. With respect to the Large Cap Index Fund and the Small Cap Index Fund, SFIMC has agreed to reimburse all custody fees.

Beginning in early February 2009, the daily interest income on securities held by the Money Market Fund fell to a level below the amount of operating expenses incurred by the Money Market Fund. Since that time, SFIMC has been voluntarily waiving portions of its fees in amounts necessary to keep the daily net investment income of the Money Market Fund from falling below zero.

These expense reductions are voluntary and may be eliminated by SFIMC at any time.

Line of credit

State Farm Mutual Automobile Insurance Company (“Auto Company”), the parent company of SFIMC, has entered into a Line of Credit Agreement with the Trust. Under that agreement, a Fund may request and Auto Company, in its complete discretion, may lend money to a Fund for up to 30 days on an unsecured basis. Auto Company will not lend more than $50 million at any one time to the Funds and to the other mutual funds advised by SFIMC. Under the agreement, a Fund will pay interest to Auto Company on any outstanding loan at a benchmark interest rate that approximates the rate that creditworthy corporate issuers pay on short-term commercial paper. The Funds did not borrow under the Line of Credit Agreement during the period ended June 30, 2013.

Officers and Trustees

Certain officers and/or trustees of the Trust are also officers and/or directors of SFIMC. The Trust made no payments to its officers or trustees except for trustees’ fees paid to or accrued for the Trust’s independent trustees.

78

STATE FARM VARIABLE PRODUCT TRUST

NOTES TO FINANCIAL STATEMENTS (continued)

(Unaudited)

7. Investment transactions

For the period ended June 30, 2013, investment transactions (exclusive of short-term instruments) were as follows:

	Purchases (excluding  U.S. Government Obligations)		Sales (excluding  U.S. Government Obligations)		Purchases of U.S. Government Obligations		Sales of U.S. Government Obligations
Large Cap Equity Fund	$	14,400,021	$	15,333,055	$	—	$	—
Small/Mid Cap Equity Fund		27,403,118		27,874,392		—		—
International Equity Fund		17,797,818		18,007,611		—		—
Large Cap Index Fund		7,461,851		20,572,402		—		—
Small Cap Index Fund		29,002,870		33,691,743		—		—
International Index Fund		5,259,052		6,992,705		—		—
Balanced Fund		485,535		2,000,000		—		—
Bond Fund		20,454,620		9,500,000		—		8,532,578

(1) “Standard & Poor’s ^®”, “S&P^®”, “S&P 500^®”, “Standard & Poor’s 500”, and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by State Farm Life Insurance Company, State Farm Life and Accident Assurance Company and the State Farm Variable Product Trust. Neither the Large Cap Equity Index Fund nor the Stock and Bond Balanced Fund is sponsored, endorsed, sold or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of investing in the Large Cap Equity Index Fund or the Stock and Bond Balanced Fund.

(2) Russell Investment Group (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell 2000^® Index. Russell^® is a trademark of Russell. The Small Cap Equity Index Fund is not sponsored, endorsed, sold or promoted by, nor in any way affiliated with the Russell. Russell is not responsible for and has not reviewed the Small Cap Equity Index Fund nor any associated literature or publications and Russell makes no representation or warranty, express or implied, as to their accuracy, or completeness, or otherwise.

(3) The EAFE^® Free Index is a trademark, service mark and the exclusive property of Morgan Stanley Capital International, Inc. (“MSCI”) and its affiliates and has been licensed for use by the State Farm Variable Product Trust (the “Trust”). The International Equity Index Fund (the “Fund”), based on the EAFE^® Free Index, has not been passed on by MSCI as to its legality or suitability, and is not issued, sponsored, endorsed, sold or promoted by MSCI. MSCI makes no warranties and bears no liability with respect to the Fund. MSCI has no responsibility for and does not participate in the management of the Fund assets or sale of the Fund shares. The Trust’s Statement of Additional Information contains a more detailed description of the limited relationship MSCI has with the Trust and the Fund.

79

FINANCIAL HIGHLIGHTS

The financial highlights table is intended to help you understand the financial performance of each Fund for the past five years. Certain information reflects financial results for a single Fund share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in the Fund (assuming reinvestment of all dividends and distributions).

STATE FARM VARIABLE PRODUCT TRUST LARGE CAP EQUITY FUND

(For a share outstanding throughout each period)

	Six months ended June 30, 2013			Year ended December 31,
	(Unaudited)			2012			2011			2010			2009			2008
Net asset value, beginning of period	$	8.61		$	7.49		$	7.59		$	6.74		$	5.59		$	9.82
Income from Investment Operations
Net investment income (a)		0.04			0.13			0.09			0.06			0.07			0.18
Net gain (loss) on investments (both realized and unrealized)		1.22			1.12			(0.10	)		0.85			1.15			(4.22	)
Total from investment operations		1.26			1.25			(0.01	)		0.91			1.22			(4.04	)
Less Distributions
Net investment income		—			(0.13	)		(0.09	)		(0.06	)		(0.07	)		(0.13	)
Net realized gain		—			—			—			—			—			(0.06	)
Total distributions		—			(0.13	)		(0.09	)		(0.06	)		(0.07	)		(0.19	)
Net asset value, end of period	$	9.87		$	8.61		$	7.49		$	7.59		$	6.74		$	5.59
Total Return (b)		14.63	%		16.63	%		(0.12	)%		13.55	%		21.84	%		(41.12	)%
Net assets, end of period (millions)	$	47.4		$	42.2		$	36.6		$	36.5		$	31.5		$	25.1
Ratios to average net assets assuming expense reductions
Expenses		0.70	%(c)		0.70	%		0.70	%		0.70	%		0.70	%		0.70	%
Net investment income		0.93	%(c)		1.52	%		1.19	%		0.89	%		1.24	%		2.30	%
Ratios to average net assets absent expense reductions
Expenses		0.73	%(c)		0.75	%		0.75	%		0.75	%		0.78	%		0.74	%
Net investment income		0.90	%(c)		1.47	%		1.14	%		0.84	%		1.16	%		2.26	%
Portfolio turnover rate		65	%(c)		58	%		42	%		57	%		70	%		144	%

(a) Average shares outstanding for the period were used to calculate net investment income per share.

(b) Total return is not annualized for periods that are less than a full year.

(c) Determined on an annualized basis.

80 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST SMALL/MID CAP EQUITY FUND

(For a share outstanding throughout each period)

	Six months ended June 30, 2013			Year ended December 31,
	(Unaudited)			2012			2011			2010			2009			2008
Net asset value, beginning of period	$	11.06		$	9.41		$	9.64		$	7.80		$	6.00		$	11.28
Income from Investment Operations
Net investment income (a)(b)		—			0.11			0.02			0.03			0.03			0.01
Net gain (loss) on investments (both realized and unrealized)		1.67			1.56			(0.22	)		1.83			1.78			(5.14	)
Total from investment operations		1.67			1.67			(0.20	)		1.86			1.81			(5.13	)
Less Distributions
Net investment income (c)		—			(0.02	)		(0.03	)		(0.02	)		(0.01	)		—
Net realized gain		—			—			—			—			—			(0.15	)
Total distributions		—			(0.02	)		(0.03	)		(0.02	)		(0.01	)		(0.15	)
Net asset value, end of period	$	12.73		$	11.06		$	9.41		$	9.64		$	7.80		$	6.00
Total Return (d)		15.10	%		17.77	%		(2.08	)%		23.89	%		30.12	%		(45.36	)%
Net assets, end of period (millions)	$	52.2		$	45.9		$	39.5		$	40.6		$	32.4		$	24.0
Ratios to average net assets assuming expense reductions
Expenses		0.90	%(e)		0.90	%		0.90	%		0.90	%		0.90	%		0.90	%
Net investment income		(0.02	)%(e)		1.03	%		0.25	%		0.36	%		0.42	%		0.10	%
Ratios to average net assets absent expense reductions
Expenses		0.95	%(e)		0.96	%		0.97	%		0.99	%		1.02	%		0.97	%
Net investment income		(0.07	)%(e)		0.97	%		0.18	%		0.27	%		0.30	%		0.03	%
Portfolio turnover rate		112	%(e)		92	%		87	%		108	%		131	%		101	%

(a) Net investment income represents less than $0.01 per share in 2013.

(b) Average shares outstanding for the period were used to calculate net investment income per share.

(c) Distributions from net investment income represent less than $0.01 per share in 2008.

(d) Total return is not annualized for periods that are less than a full year.

(e) Determined on an annualized basis.

See accompanying notes to financial statements. 81

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY FUND

(For a share outstanding throughout each period)

	Six months ended June 30, 2013			Year ended December 31,
	(Unaudited)			2012			2011			2010			2009			2008
Net asset value, beginning of period	$	9.76		$	8.23		$	9.75		$	8.82		$	6.55		$	12.84
Income from Investment Operations
Net investment income (a)		0.10			0.13			0.12			0.09			0.09			0.21
Net gain (loss) on investments (both realized and unrealized)		0.07			1.45			(1.47	)		1.01			2.36			(6.26	)
Total from investment operations		0.17			1.58			(1.35	)		1.10			2.45			(6.05	)
Less Distributions
Net investment income (b)		—			(0.05	)		(0.17	)		(0.17	)		(0.18	)		—
Net realized gain		—			—			—			—			—			(0.24	)
Total distributions		—			(0.05	)		(0.17	)		(0.17	)		(0.18	)		(0.24	)
Net asset value, end of period	$	9.93		$	9.76		$	8.23		$	9.75		$	8.82		$	6.55
Total Return (c)		1.74	%		19.19	%		(13.79	)%		12.52	%		37.35	%		(47.03	)%
Net assets, end of period (millions)	$	41.0		$	40.6		$	34.2		$	40.0		$	35.2		$	25.1
Ratios to average net assets assuming expense reductions
Expenses		1.00	%(d)		1.00	%		1.00	%		1.00	%		1.00	%		1.00	%
Net investment income		1.97	%(d)		1.47	%		1.28	%		1.05	%		1.19	%		2.08	%
Ratios to average net assets absent expense reductions
Expenses		1.20	%(d)		1.21	%		1.29	%		1.36	%		1.53	%		1.38	%
Net investment income		1.77	%(d)		1.26	%		0.99	%		0.69	%		0.66	%		1.70	%
Portfolio turnover rate		89	%(d)		47	%		57	%		66	%		65	%		157	%

(a) Average shares outstanding for the period were used to calculate net investment income per share.

(b) Distributions from net investment income represent less than $0.01 per share in 2008.

(c) Total return is not annualized for periods that are less than a full year.

(d) Determined on an annualized basis.

82 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST LARGE CAP EQUITY INDEX FUND

(For a share outstanding throughout each period)

	Six months ended June 30, 2013			Year ended December 31,
	(Unaudited)			2012			2011			2010			2009			2008
Net asset value, beginning of period	$	14.10		$	12.67		$	12.50		$	11.20		$	9.04		$	14.83
Income from Investment Operations
Net investment income (a)		0.14			0.28			0.23			0.20			0.19			0.25
Net gain (loss) on investments (both realized and unrealized)		1.79			1.73			(0.01	)		1.45			2.16			(5.76	)
Total from investment operations		1.93			2.01			0.22			1.65			2.35			(5.51	)
Less Distributions
Net investment income (b)		—			(0.25	)		—			(0.21	)		(0.19	)		(0.25	)
Net realized gain		—			(0.33	)		(0.05	)		(0.14	)		—			(0.03	)
Total distributions		—			(0.58	)		(0.05	)		(0.35	)		(0.19	)		(0.28	)
Net asset value, end of period	$	16.03		$	14.10		$	12.67		$	12.50		$	11.20		$	9.04
Total Return (c)		13.69	%		15.72	%		1.83	%		14.73	%		26.07	%		(37.14	)%
Net assets, end of period (millions)	$	536.5		$	487.9		$	454.4		$	478.6		$	445.4		$	368.2
Ratios to average net assets
Expenses (d)		0.29	%(e)		0.29	%		0.31	%		0.32	%		0.32	%		0.32	%
Net investment income		1.85	%(e)		2.02	%		1.79	%		1.75	%		2.02	%		2.00	%
Portfolio turnover rate		3	%(e)		4	%		4	%		5	%		5	%		5	%

(a) Average shares outstanding for the period were used to calculate net investment income per share.

(b) Distributions from net investment income represent less than $0.01 per share in 2011.

(c) Total return is not annualized for periods that are less than a full year.

(d) The effect of expense reimbursements is less than 0.005%.

(e) Determined on an annualized basis.

See accompanying notes to financial statements. 83

STATE FARM VARIABLE PRODUCT TRUST SMALL CAP EQUITY INDEX FUND

(For a share outstanding throughout each period)

	Six months ended June 30, 2013			Year ended December 31,
	(Unaudited)			2012			2011			2010			2009			2008
Net asset value, beginning of period	$	10.85		$	9.79		$	10.82		$	8.64		$	6.89		$	11.57
Income from Investment Operations
Net investment income (a)		0.04			0.16			0.08			0.08			0.07			0.10
Net gain (loss) on investments (both realized and unrealized)		1.65			1.39			(0.56	)		2.18			1.75			(4.09	)
Total from investment operations		1.69			1.55			(0.48	)		2.26			1.82			(3.99	)
Less Distributions
Net investment income		—			(0.14	)		(0.08	)		(0.08	)		(0.06	)		(0.09	)
Net realized gain		—			(0.35	)		(0.47	)		—			(0.01	)		(0.60	)
Total distributions		—			(0.49	)		(0.55	)		(0.08	)		(0.07	)		(0.69	)
Net asset value, end of period	$	12.54		$	10.85		$	9.79		$	10.82		$	8.64		$	6.89
Total Return (b)		15.58	%		15.90	%		(4.53	)%		26.12	%		26.39	%		(34.05	)%
Net assets, end of period (millions)	$	266.8		$	238.1		$	218.7		$	244.2		$	208.0		$	172.1
Ratios to average net assets assuming expense reductions
Expenses		0.49	%(c)		0.50	%		0.50	%		0.50	%		0.50	%		0.50	%
Net investment income		0.65	%(c)		1.46	%		0.72	%		0.83	%		0.94	%		1.00	%
Ratios to average net assets absent expense reductions
Expenses		0.50	%(c)		0.51	%		0.51	%		0.52	%		0.53	%		0.51	%
Net investment income		0.64	%(c)		1.45	%		0.71	%		0.81	%		0.91	%		0.99	%
Portfolio turnover rate		23	%(c)		14	%		14	%		13	%		22	%		20	%

(a) Average shares outstanding for the period were used to calculate net investment income per share.

(b) Total return is not annualized for periods that are less than a full year.

(c) Determined on an annualized basis.

84 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST INTERNATIONAL EQUITY INDEX FUND

(For a share outstanding throughout each period)

	Six months ended June 30, 2013			Year ended December 31,
	(Unaudited)			2012			2011			2010			2009			2008
Net asset value, beginning of period	$	11.86		$	10.34		$	12.24		$	11.67		$	9.35		$	17.11
Income from Investment Operations
Net investment income (a)		0.22			0.31			0.32			0.25			0.24			0.41
Net gain (loss) on investments (both realized and unrealized)		0.15			1.55			(1.85	)		0.59			2.37			(7.63	)
Total from investment operations		0.37			1.86			(1.53	)		0.84			2.61			(7.22	)
Less Distributions
Net investment income		—			(0.34	)		(0.33	)		(0.27	)		(0.29	)		(0.25	)
Net realized gain (b)		—			—			(0.04	)		—			—			(0.29	)
Total distributions		—			(0.34	)		(0.37	)		(0.27	)		(0.29	)		(0.54	)
Net asset value, end of period	$	12.23		$	11.86		$	10.34		$	12.24		$	11.67		$	9.35
Total Return (c)		3.12	%		18.00	%		(12.50	)%		7.18	%		28.01	%		(42.13	)%
Net assets, end of period (millions)	$	274.1		$	270.4		$	236.9		$	280.1		$	272.9		$	220.1
Ratios to average net assets
Expenses		0.67	%(d)		0.68	%		0.69	%		0.67	%		0.71	%		0.75	%
Net investment income		3.58	%(d)		2.84	%		2.73	%		2.19	%		2.42	%		2.95	%
Portfolio turnover rate		4	%(d)		3	%		2	%		4	%		4	%		5	%

(a) Average shares outstanding for the period were used to calculate net investment income per share.

(b) Distributions from net realized gain represent less than $0.01 per share in 2012 and 2009.

(c) Total return is not annualized for periods that are less than a full year.

(d) Determined on an annualized basis.

See accompanying notes to financial statements. 85

STATE FARM VARIABLE PRODUCT TRUST STOCK AND BOND BALANCED FUND

(For a share outstanding throughout each period)

	Six months ended June 30, 2013			Year ended December 31,
	(Unaudited)			2012			2011			2010			2009			2008
Net asset value, beginning of period	$	13.54		$	12.41		$	12.36		$	11.39		$	9.76		$	13.33
Income from Investment Operations
Net investment income (a)		0.08			0.30			0.16			0.30			0.30			0.38
Net gain (loss) on investments (both realized and unrealized)		0.90			1.03			0.28			1.00			1.74			(3.48	)
Total from investment operations		0.98			1.33			0.44			1.30			2.04			(3.10	)
Less Distributions
Net investment income		—			(0.17	)		(0.31	)		(0.32	)		(0.41	)		(0.39	)
Net realized gain (b)		—			(0.03	)		(0.08	)		(0.01	)		—			(0.08	)
Total distributions		—			(0.20	)		(0.39	)		(0.33	)		(0.41	)		(0.47	)
Net asset value, end of period	$	14.52		$	13.54		$	12.41		$	12.36		$	11.39		$	9.76
Total Return (c)		7.24	%		10.77	%		3.72	%		11.46	%		21.06	%		(23.14	)%
Net assets, end of period (millions)	$	85.2		$	81.2		$	78.3		$	81.0		$	76.7		$	68.3
Ratios to average net assets assuming expense reductions
Expenses (d)		0.00	%(e)		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Net investment income		1.16	%(e)		2.24	%		1.30	%		2.51	%		2.92	%		3.15	%
Ratios to average net assets absent expense reductions
Expenses (d)		0.08	%(e)		0.09	%		0.09	%		0.07	%		0.07	%		0.07	%
Net investment income		1.08	%(e)		2.15	%		1.21	%		2.44	%		2.85	%		3.08	%
Portfolio turnover rate		1	%(e)		4	%		2	%		8	%		3	%		7	%

(a) Average shares outstanding for the period were used to calculate net investment income per share.

(b) Distributions from net realized gain represent less than $0.01 per share in 2009.

(c) Total return is not annualized for periods that are less than a full year.

(d) Expense ratios relate to the Balanced Fund only and do not reflect the Fund’s proportionate share of the expenses of the underlying funds.

(e) Determined on an annualized basis.

86 See accompanying notes to financial statements.

STATE FARM VARIABLE PRODUCT TRUST BOND FUND

(For a share outstanding throughout each period)

	Six months ended June 30, 2013			Year ended December 31,
	(Unaudited)			2012			2011			2010			2009			2008
Net asset value, beginning of period	$	10.97		$	10.94		$	10.61		$	10.43		$	9.71		$	10.08
Income from Investment Operations
Net investment income		0.17			0.34			0.36			0.39			0.45			0.46
Net gain (loss) on investments (both realized and unrealized)		(0.43	)		0.03			0.33			0.18			0.72			(0.37	)
Total from investment operations		(0.26	)		0.37			0.69			0.57			1.17			0.09
Less Distributions
Net investment income		(0.17	)		(0.34	)		(0.36	)		(0.39	)		(0.45	)		(0.46	)
Total distributions		(0.17	)		(0.34	)		(0.36	)		(0.39	)		(0.45	)		(0.46	)
Net asset value, end of period	$	10.54		$	10.97		$	10.94		$	10.61		$	10.43		$	9.71
Total Return (a)		(2.44	)%		3.45	%		6.58	%		5.54	%		12.25	%		0.95	%
Net assets, end of period (millions)	$	167.9		$	174.4		$	175.4		$	173.7		$	170.4		$	166.7
Ratios to average net assets
Expenses		0.58	%(b)		0.58	%		0.58	%		0.58	%		0.58	%		0.58	%
Net investment income		3.12	%(b)		3.13	%		3.31	%		3.70	%		4.42	%		4.67	%
Portfolio turnover rate		22	%(b)		8	%		15	%		18	%		7	%		6	%

(a) Total return is not annualized for periods that are less than a full year.

(b) Determined on an annualized basis.

See accompanying notes to financial statements. 87

STATE FARM VARIABLE PRODUCT TRUST MONEY MARKET FUND

(For a share outstanding throughout each period)

	Six months ended June 30, 2013			Year ended December 31,
	(Unaudited)			2012			2011			2010			2009			2008
Net asset value, beginning of period	$	1.00		$	1.00		$	1.00		$	1.00		$	1.00		$	1.00
Income from Investment Operations
Net investment income (a)		—			—			—			—			—			0.02
Total from investment operations		—			—			—			—			—			0.02
Less Distributions
Net investment income (b)		—			—			—			—			—			(0.02	)
Total distributions		—			—			—			—			—			(0.02	)
Net asset value, end of period	$	1.00		$	1.00		$	1.00		$	1.00		$	1.00		$	1.00
Total Return (c)		0.00	%		0.00	%		0.00	%		0.00	%		0.03	%		2.08	%
Net assets, end of period (millions)	$	36.0		$	36.5		$	40.0		$	42.8		$	46.4		$	50.9
Ratios to average net assets assuming expense reductions
Expenses (d)		0.10	%(e)		0.10	%		0.11	%		0.16	%		0.28	%		0.50	%
Net investment income		0.00	%(e)		0.00	%		0.00	%		0.00	%		0.03	%		2.06	%
Ratios to average net assets absent expense reductions
Expenses		0.60	%(e)		0.59	%		0.58	%		0.53	%		0.55	%		0.53	%
Net investment income		(0.50	)%(e)		(0.49	)%		(0.47	)%		(0.37	)%		(0.24	)%		2.03	%

(a) Net investment income represents less than $0.01 per share in 2009.

(b) Distributions from net investment income represent less than $0.01 per share in 2009.

(c) Total return is not annualized for periods that are less than a full year.

(d) The expense ratio for 2013, 2012, 2011, 2010 and 2009 includes the effect of the voluntary fee waiver from SFIMC described in Note 6 under Fees and Other Transactions with Affiliates.

(e) Determined on an annualized basis.

88 See accompanying notes to financial statements.

ITEM 2. CODE OF ETHICS.

Not applicable.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable.

ITEM 6. INVESTMENTS.

(a) The information required by this Item 6(a) is included as part of the report to shareholders under Item 1 of this

Form N-CSR.

(b) Not applicable.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There were no material changes to the procedures by which shareholders may recommend nominees to the State Farm Variable Product Trust Board of Trustees.

ITEM 11. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer evaluated the effectiveness of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”) (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of this report (the “Evaluation Date”), and based on their evaluation as of the Evaluation Date of these controls and procedures as required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)) (as applicable), concluded that the registrant’s disclosure controls and procedures are effective.

(b) No change in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the
Act (17 CFR 270.30a-3(d))) occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 12. EXHIBITS.

(a)(1) Not applicable.

(a)(2) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)): Attached hereto as EX-99.CERT.

(a)(3) Not applicable.

(b) Certification of principal executive officer and principal financial officer required by Rule 30a-2(b) under the Act (17 CFR 270.30a-2(b)), Rule 13a-14(b) or Rule 15d-14(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-14(b) or 240.15d-14(b))(as applicable), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350): Attached hereto as EX-99.906CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

State Farm Variable Product Trust

By	/s/ Michael L. Tipsord
	Michael L. Tipsord
	President

Date August 27, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By	/s/ Michael L. Tipsord
	Michael L. Tipsord
	President

Date August 27, 2013

By	/s/ Paul J. Smith
	Paul J. Smith
	Senior Vice President and Treasurer

Date August 27, 2013