Prospectus - COUNTRY Financial

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Your Investment — Buying SharesThis Prospectus and the related SAI do not constitute an offerto sell or a solicitation of an offer to buy shares in the Funds,nor shall any such shares be offered or sold to any person inany jurisdiction in which an offer, solicitation, purchase or salewould be unlawful under the securities laws of suchjurisdiction. Shares of the Funds have not been registered forsale outside of the United States. The COUNTRY Fundsgenerally do not sell shares to investors residing outside theUnited States, even if they are United States citizens or lawfulpermanent residents, except to investors with United Statesmilitary or FPO addresses.Purchase Price: Shares of the Funds are sold at the net assetvalue (“NAV”) plus applicable sales charge next determinedafter receipt of the order by U.S. Bancorp Fund Services, LLC(the “Transfer Agent”). The NAV for all Funds is calculated atthe close of regular trading hours of the New York StockExchange, normally 3:00 p.m. Central Time. Each Fund’sinvestments are valued based on market value, or where marketquotations are not readily available, based on fair value asdetermined in good faith by the Funds’ Board of Trustees.Timing of Requests: All requests received by the Transfer Agentbefore 3:00 p.m. Central Time will be executed the same day, atthat day’s closing share price. Orders received after 3:00 p.m.Central Time will be executed the following day, at that day’sclosing share price. Shares will not be priced on days when theNew York Stock Exchange is closed.Stock Exchange Closings: Shares of the Funds will not bepriced and are not available for purchase when the New YorkStock Exchange is closed for trading including the followingdays: New Year’s Day, Martin Luther King, Jr. Day, Presidents’Day, Good Friday, Memorial Day, Independence Day, LaborDay, Thanksgiving Day and Christmas Day.Fair Value Pricing: The Funds have implemented procedureswhich are used to determine the prices of securities held in theFunds’ portfolio, as well as the Funds’ daily NAV. Generally, ifmarket quotations do not accurately reflect fair value for asecurity, or if a security’s value has been materially affected byevents occurring after the close of the exchange or market onwhich the security is principally traded, that security may bevalued by another method that the Funds’ Board of Trusteesbelieves accurately reflects fair value.In the event it is necessary to determine fair value of aparticular security, the Funds’ Valuation Committee willundertake the valuation. The Valuation Committee considersall appropriate factors to determine fair value, which includebut are not limited to, (a) fundamental analytical data relatingto the investment; (b) the nature and duration of anyrestrictions on disposition of the securities in question; (c) theforces which influence the market in which those securities arepurchased and sold; and (d) the value of other financialinstruments, including derivatives, traded on other markets oramong dealers.Overall, there can be no assurance that the Funds can purchaseor sell a portfolio security at the price used to calculate theFunds’ NAV. In the case of portfolio securities, lack ofinformation and uncertainty about the significance ofinformation may lead to a conclusion that a prior valuation isthe best indication of a portfolio security’s present value. Fairvalues generally remain unchanged until new informationbecomes available. Consequently, changes in the fair value ofportfolio securities may be less frequent and of greatermagnitude than changes in the price of portfolio securitiesvalued by an independent pricing service, or based on marketquotations.When fair value pricing is employed, the prices of securitiesused by a Fund to calculate its NAV may differ from quoted orpublished prices for the same securities. Due to the subjectiveand variable nature of fair value pricing, it is possible that thefair value determined for a particular security may be materiallydifferent from the value realized upon such security’s sale.Therefore, if a shareholder purchases or redeems shares in aFund that holds securities priced at a fair value, this may havethe effect of increasing or decreasing the number of sharesreceived in a purchase or the value of the proceeds receivedupon a redemption.Market Timing: Frequent or short-term purchases andredemptions of Fund shares, such as those associated with“market timing” transactions, can adversely affect the Fundsand the returns achieved by their shareholders. In particular,such activity may dilute the value of the shares of the Funds,interfere with the efficient management of the Funds, andincrease brokerage and administrative costs of the Funds. TheFunds discourage market timing. In order to try to protectshareholders from potentially harmful trading activity, theBoard has adopted certain market timing policies andprocedures (the “Market Timing Procedures”). The Funds’Market Timing Procedures are designed to detect and preventfrequent or short-term activity within the Funds that mayadversely affect other shareholders.More specifically, the Funds’ Market Timing Procedures detectpotential market timers by examining the number and/or size oftransfers made by shareholders within given periods of time, aswell as the number of “round trip” purchases and redemptionsor redemptions and purchases into and out of the Funds. Forpurposes of applying the parameters used to detect potentialmarket timers, the Funds may aggregate transfers made undermultiple accounts owned by the same shareholder. Whendetermining the existence of market timing, the number and/orsize of transfers and number of round trips will be consideredon a case-by-case basis. The Funds also coordinate withomnibus accountholders to identify potential market timers,and will investigate any patterns of trading behavior identifiedin those accounts that may not have been captured throughoperation of their Market Timing Procedures. Currently, theFunds apply these Market Timing Procedures uniformly to allshareholders of the Funds. However, the Funds reserve theright to vary their Market Timing Procedures from Fund toFund, and to be more restrictive with regard to certain Fundsthan others.Shareholders seeking to engage in transactions may deploy avariety of strategies to avoid detection. The Funds’ ability todetect and deter such transfer activity is limited to operationalsystems and technological limitations. Furthermore, the ability10
Your Investment — Buying Shares continuedof the Funds to apply the Market Timing Procedures toshareholders investing through omnibus accountholders isdependent on the receipt of information necessary to identifytransactions by the underlying shareholders and the omnibusaccountholder’s cooperation in implementing the MarketTiming Procedures. Accordingly, despite the Funds’ best efforts,the Funds cannot guarantee that their Market TimingProcedures will detect every potential market timer, but theFunds seek to apply their Market Timing Proceduresconsistently to all shareholders. To minimize harm to the Fundsand their shareholders, the Funds reserve the right to reject anypurchase order (including exchanges) from any shareholder orredeem the shares of any shareholder who the Funds believe hasa history of abusive trading or whose trading, in theirjudgment, has been or may be disruptive to the Funds. Inmaking this judgment, the Funds may consider trading done inmultiple accounts under common ownership or control.In the Funds’ sole discretion, the Funds may revise their MarketTiming Procedures at any time without prior notice as necessaryto better detect and deter frequent or short-term fund activitythat may adversely affect other shareholders, to comply withstate or federal regulatory requirements, or to impose additionalor alternate restrictions on market timers (such as dollar orpercentage limits on transfers) or redemption fees.General Information: The Funds reserve the right to reject anypurchase order or suspend the offering of shares of the Funds.All investments must be in U.S. dollars. The Funds also reservethe right to vary the initial and subsequent investmentminimums, or to waive the minimum investment requirementfor any investor. The Funds will automatically cancel yourpurchase and charge a $25 fee against your account for anypayment returned. The shareholder will be responsible for anyloss sustained by the Fund due to the cancellation of thepurchase. Payment should be made by check drawn on a U.S.bank, savings and loan, or credit union, or sent by wire transfer.Checks should be made payable to COUNTRY Mutual Funds.The Funds will not accept payment in cash or money orders.The Funds also do not accept cashier’s checks in amounts lessthan $10,000. The Funds reserve the right to reject U.S.Treasury checks, credit card checks, traveler’s checks or starterchecks for the purchase of shares of the Funds. The Funds alsoreserve the right to reject any second-party check or third-partycheck for the purchase of shares except checks issued byCOUNTRY Trust Bank, Illinois Agricultural Association, or theCOUNTRY ® Financial group or any of their affiliates. TheFunds are unable to accept post dated checks, post dated onlinebill pay checks, or any conditional order or payment.Anti-Money Laundering: The Funds have established an Anti-Money Laundering Compliance Program as required by theUniting and Strengthening America by Providing AppropriateTools Required to Intercept and Obstruct Terrorism Act of2001 (“USA PATRIOT Act”). In order to ensure compliancewith this law, the Funds are required to obtain the followinginformation for all registered owners and all authorizedindividuals:• Full Name• Date of Birth• Social Security Number• Permanent Street Address (P.O. Box only is not acceptable)• Corporate accounts require additional documentationAdditional identification verification steps may be taken if theaccount is considered high risk. If the Funds do not have areasonable belief of the identity of a customer, the account willbe rejected or the customer will not be allowed to perform atransaction on the account until such information is received.The Funds may also reserve the right to close the accountwithin five business days (or such other time period as disclosedin the Funds’ Prospectus) if clarifyinginformation/documentation is not received.Please note that your application will be returned if anyinformation is missing. If you require additional assistancewhen completing your application, please contact the TransferAgent at 1-800-245-2100.How to Buy SharesTo Open an Account By MailComplete and sign the application.Mail the application and your check to:U.S. Bancorp Fund Services, LLCP.O. Box 701Milwaukee, WI 53201-0701Overnight express mail may be sent to:U.S. Bancorp Fund Services, LLC615 East Michigan StreetMilwaukee, WI 53202Please make check payable to COUNTRY Mutual Funds.Minimum initial investment for the Funds:$1,000 for non-retirement accounts$500 for retirement accounts including IRAs, CoverdellSavings Accounts and Uniform Gifts to Minors Act/UniformTransfers to Minors Act (UGMA/UTMA) Accounts.These minimum initial investments will be waived forinvestments via payroll (commission) deduction for employeesof the Illinois Agricultural Association ® , the COUNTRY ®Financial group and their affiliated companies and insuranceagents of COUNTRY Financial.Initial Investment — By WireIf you are making an initial investment in the Funds, before youwire funds, please contact the Transfer Agent by phone to makearrangements with a telephone service representative to submityour completed application, and related documents asnecessary, via mail, overnight delivery, or facsimile. Uponreceipt of your application, your account will be established anda service representative will contact you within 24 hours toprovide an account number and wiring instructions. You maythen contact your bank to initiate the wire using the followinginstructions:11
Page 1: ProspectusOctober 28, 2009COUNTRY G
Page 4 and 5: Growth FUNDInvestment GoalsGrowth o
Page 6 and 7: Bond FUNDInvestment GoalMaximum tot
Page 8 and 9: Fees and ExpensesThe tables below d
Page 10 and 11: Fees and Expenses continuedExample
Page 14 and 15: Your Investment — Buying Shares c
Page 16 and 17: Your Investment — Selling Shares
Page 18 and 19: Description of ClassesClass A Share
Page 20 and 21: Description of Classes continuedDis
Page 22 and 23: Other Securities and RisksEach Fund
Page 24 and 25: Financial Highlights continuedGrowt
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Prospectus - COUNTRY Financial

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