COUNTRY Fund Management

Country Fund Management as of Dec. 31, 2011

Portfolio Holdings for Country Fund Management

Country Fund Management holds 76 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Exxon Mobil Corporation (XOM) 3.8 $8.9B 105k 84760.00
CVS Caremark Corporation (CVS) 3.3 $7.8B 191k 40780.00
Microsoft Corporation (MSFT) 2.6 $6.1B 235k 25960.00
General Electric Company 2.4 $5.5B 309k 17910.00
Cisco Systems (CSCO) 2.3 $5.3B 293k 18080.00
Wal-Mart Stores (WMT) 2.1 $5.0B 84k 59760.00
Intel Corporation (INTC) 2.0 $4.8B 198k 24250.00
Philip Morris International (PM) 2.0 $4.7B 60k 78480.00
International Business Machines (IBM) 1.9 $4.6B 25k 183880.00
AFLAC Incorporated (AFL) 1.9 $4.4B 102k 43260.00
Dell 1.9 $4.4B 302k 14630.00
Roche Holding (RHHBY) 1.9 $4.4B 103k 42562.00
3M Company (MMM) 1.8 $4.3B 52k 81730.00
Novartis (NVS) 1.8 $4.1B 72k 57170.00
Chesapeake Energy Corporation 1.7 $3.9B 176k 22290.00
Abbott Laboratories (ABT) 1.6 $3.9B 69k 56230.00
News Corporation 1.6 $3.8B 216k 17840.00
Chevron Corporation (CVX) 1.6 $3.7B 35k 106400.00
General Dynamics Corporation (GD) 1.6 $3.6B 55k 66410.00
Ralcorp Holdings 1.5 $3.6B 42k 85500.00
Procter & Gamble Company (PG) 1.5 $3.4B 51k 66710.00
ConocoPhillips (COP) 1.4 $3.4B 47k 72870.00
Comcast Corporation (CMCSA) 1.4 $3.3B 140k 23710.00
BlackRock (BLK) 1.4 $3.3B 19k 178240.00
Johnson & Johnson (JNJ) 1.4 $3.3B 50k 65580.00
Amgen (AMGN) 1.4 $3.3B 51k 64210.00
Schlumberger (SLB) 1.4 $3.2B 47k 68310.00
Ingersoll-rand Co Ltd-cl A 1.4 $3.2B 104k 30470.00
Halliburton Company (HAL) 1.3 $3.1B 91k 34510.00
JPMorgan Chase & Co. (JPM) 1.3 $3.1B 93k 33250.00
Apache Corporation 1.3 $3.1B 34k 90580.00
Vodafone 1.3 $3.0B 108k 28030.00
Merck & Co (MRK) 1.2 $2.9B 77k 37700.00
American Water Works (AWK) 1.2 $2.9B 92k 31860.00
Western Union Company (WU) 1.2 $2.9B 158k 18260.00
Archer Daniels Midland Company (ADM) 1.2 $2.9B 101k 28600.00
American Express Company (AXP) 1.2 $2.8B 60k 47170.00
International Game Technology 1.2 $2.8B 162k 17200.00
Wells Fargo & Company (WFC) 1.2 $2.8B 102k 27560.00
Google 1.1 $2.7B 4.2k 645900.00
Gentex Corporation (GNTX) 1.1 $2.7B 92k 29590.00
State Street Corporation (STT) 1.1 $2.7B 66k 40310.00
FedEx Corporation (FDX) 1.1 $2.6B 31k 83510.00
St. Jude Medical 1.1 $2.6B 75k 34300.00
Nextera Energy (NEE) 1.1 $2.5B 40k 60880.00
AECOM Technology Corporation (ACM) 1.1 $2.5B 120k 20570.00
Monsanto Company 1.0 $2.4B 35k 70070.00
Newell Rubbermaid (NWL) 1.0 $2.4B 151k 16150.00
CenturyLink 1.0 $2.4B 66k 37200.00
VCA Antech 1.0 $2.4B 123k 19750.00
Qualcomm (QCOM) 1.0 $2.4B 43k 54700.00
McCormick & Company, Incorporated (MKC) 1.0 $2.4B 47k 50420.00
Abercrombie & Fitch (ANF) 1.0 $2.3B 48k 48840.00
Gilead Sciences (GILD) 1.0 $2.3B 56k 40930.00
Ace Limited Cmn 1.0 $2.3B 32k 70120.00
Westar Energy 1.0 $2.3B 79k 28780.00
Hollyfrontier Corp 1.0 $2.3B 97k 23400.00
Bank of New York Mellon Corporation (BK) 0.9 $2.2B 112k 19910.00
Kohl's Corporation (KSS) 0.9 $2.2B 45k 49350.00
Jones Group 0.9 $2.2B 207k 10550.00
WellPoint 0.9 $2.1B 32k 66250.00
Baxter International (BAX) 0.9 $2.1B 43k 49480.00
Church & Dwight (CHD) 0.9 $2.1B 46k 45760.00
Pfizer (PFE) 0.9 $2.1B 97k 21640.00
Hewlett-Packard Company 0.9 $2.1B 81k 25760.00
Energizer Holdings 0.8 $1.9B 25k 77480.00
Medtronic 0.8 $1.9B 50k 38250.00
Emerson Electric (EMR) 0.8 $1.9B 41k 46590.00
Target Corporation (TGT) 0.8 $1.9B 37k 51220.00
Covidien 0.7 $1.7B 39k 45010.00
Kroger (KR) 0.7 $1.7B 71k 24220.00
Express Scripts 0.7 $1.7B 39k 44690.00
Newmont Mining Corporation (NEM) 0.7 $1.6B 26k 60010.00
Home Depot (HD) 0.5 $1.2B 30k 42040.00
At&t (T) 0.5 $1.1B 37k 30240.00
BHP Billiton (BHP) 0.4 $1.0B 15k 70630.00