ACCESSION-NUMBER 0
TYPE 485BPOS
FILING-DATE 20090501
FILER
CONFORMED-NAME ALFALFA FUNDS
CIK 9876543210
FISCAL-YEAR-END 0331
v2.0.0.10
RISK/RETURN
Investment objective
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Fees and expenses of the fund
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SHAREHOLDER FEES (PAID DIRECTLY FROM YOUR INVESTMENT)
Shareholder Fees Alfalfa Fund, USD $
Class A
Class B
Class C
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 4.75% none none
Maximum deferred sales charge (as a percentage of the amount redeemed) none 4.00% 1.00%
Maximum sales charge (load) imposed on reinvested dividends none none none
Redemption Fee none none none
Exchange Fee (as a percentage of net assets) none none none
Maximum annual account fee none none none
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)
Annual Fund Operating Expenses Alfalfa Fund
Class A
Class B
Class C
Management fees 0.28% 0.28% 0.28%
Distribution and/or service (12b-1) fees 0.28% 1.00% 1.00%
Other Expenses (as a percentage of net assets) 0.13% 0.12% 0.14%
Total annual fund operating expenses 0.69% 1.40% 1.42%
EXAMPLE
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1 YEAR
3 YEARS
5 YEARS
10 YEARS
Class A
$ 542 $ 686 $ 842 $ 1,295
Class B
557 888 1,243 2,246
Class C
248 561 896 1,843
For the share classes listed below you would pay the following if you did not redeem your shares:

1 YEAR
3 YEARS
5 YEARS
10 YEARS
Class B
$ 143 $ 444 $ 767 $ 1,679
Class C
145 450 777 1,701
Portfolio turnover
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Principal investment strategies
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Principal risks
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Performance
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Calendar year total returns for Class A shares
Bar Chart
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AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2008:

1 YEAR
5 YEARS
10 YEARS
LIFETIME
Inception Date
Class A
(40.26%) (4.23%) 0.88% 10.50% May 1, 1976
Class A After taxes on distributions
(40.71%) (4.73%) (0.37%)  
Class A After taxes on distributions and sale of fund shares
(26.07%) (3.31%) 0.43%  
Class B
(41.12%) (4.16%) (1.80%) Mar 3, 1999
Class C
(37.86%) (3.89%) (1.94%) Mar 3, 2000
S&P Index
(36.99%) (2.19%) (1.38%) 9.01%
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v2.0.0.10
Label
Element Value
Risk/Return:
Document Type dei_DocumentType 485BPOS
Period End Date dei_DocumentPeriodEndDate Mar 31, 2009
Registrant Name dei_EntityRegistrantName ALFALFA FUNDS
CIK dei_EntityCentralIndexKey 9876543210
Amendment dei_AmendmentFlag false
Prospectus Date rr_ProspectusDate May 1, 2009
Alfalfa Fund
Risk/Return:
Risk/Return rr_RiskReturnHeading RISK/RETURN
Investment objective: rr_ObjectiveHeading Investment objective
Investment objective rr_ObjectivePrimaryTextBlock *** ****** ********** ********* ** ** ******* *** **** ********* ****** ** ********
Fees and expenses of the fund: rr_ExpenseHeading Fees and expenses of the fund
Fees and expenses of the fund, narrative rr_ExpenseNarrativeTextBlock **** ***** ********* *** **** *** ******** **** *** *** *** ** *** *** *** **** ****** ** *** ***** *** *** ******* *** ***** ****** ********* ** *** *** **** ****** ******* ** ***** ** ****** ** *** ******* ** ***** ******* ** *** ******* ****** **** *********** ***** ***** *** ***** ********* ** ********* **** **** ********* ************ *** ** *** ****** ****** ********** *** ******** ******* ** **** ** ** *** ****** *********** *** ** **** ** ** *** ****** ********* ** ********** ************
Shareholder fees, caption rr_ShareholderFeesCaption SHAREHOLDER FEES (PAID DIRECTLY FROM YOUR INVESTMENT)
Annual fund operating expenses, heading rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)
Portfolio turnover, heading rr_PortfolioTurnoverHeading Portfolio turnover
Portfolio turnover, narrative rr_PortfolioTurnoverTextBlock *** **** **** *********** ****** **** ** ************ **** ** **** *** ***** ********** *** ****** ***** *** *********** * ****** ********* ******** **** *** ******** ****** *********** ***** *** *** ****** ** ****** ***** **** **** ****** *** **** ** * ******* ******** ***** ****** ***** *** *** ********* ** ****** **** ********* ******** ** ** *** ******** ****** *** ****** ************ ****** *** **** ****** ****** ***** *** ****** ********* ******** **** *** *** ** *** ******* ***** ** *** **********
Portfolio Turnover Rate rr_PortfolioTurnoverRate 23.00%
Expense Breakpoint Discounts rr_ExpenseBreakpointDiscounts *** *** ******* *** ***** ****** ********* ** *** *** **** ****** ******* ** ***** ** ****** ** *** ******* ** ***** ******* ** *** ******* ******
Expense Breakpoint, Minimum Investment Required rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 25,000
Other Expenses, New Fund, Based on Estimates rr_OtherExpensesNewFundBasedOnEstimates Based on estimated amounts for the current fiscal year.
Example, heading rr_ExpenseExampleHeading EXAMPLE
Expense Example, Narrative rr_ExpenseExampleNarrativeTextBlock **** ******* ** ******** ** **** *** ******* *** **** ** ********* ** *** **** **** *** **** ** ********* ** ***** ****** ****** *** ******* ******* **** *** ****** ******* ** *** **** *** *** **** ******* ********* *** **** ****** *** ** **** ****** ** *** *** ** ***** ******** *** ******* **** ******* **** **** ********** *** * ** ****** **** ***** **** *** ********* *** ******* **** ************* *** *********** **** *** *** *** ******* ******* ** ********** ******** ***** ******* *** **** *** ****** ********* ******** ****** *** ***** ******** **** ****** ***** *** ** ****** ** ****** ***** ** ***** ************ **** ***** ***** ***
Expense Example, No Redemption, Narrative rr_ExpenseExampleNoRedemptionNarrativeTextBlock For the share classes listed below you would pay the following if you did not redeem your shares:
Strategy, Heading rr_StrategyHeading Principal investment strategies
Strategy, Narrative rr_StrategyNarrativeTextBlock *** **** ******* ********* ** ****** ****** ** ******* ******* ** *** **** **** * ****** ** ************* ********* *******
Portfolio Concentration rr_StrategyPortfolioConcentration *** **** ******* ********* ** ****** ****** ** ******* ******* ** *** *****
Risk, Heading rr_RiskHeading Principal risks
Risk, Narrative rr_RiskNarrativeTextBlock *** *** **** ***** ** ********* ** *** ***** *** ********** ** **** *** ** ******* ** *** ****** *** * ******* ****** ** ***** ********* ** *** **** ****** **** * ********* *********** **** *** ******** ** **** ** ******** *********** ****** ********** ******** ** ****** *** ****** ** ********** **** ** *** **** *** ******* ** ******** ** ******* ****** ****** ***** ****** *** ****** ********* ***** ******** ********* *** ********* ***** ********** *** ***** ** *** ***** ********** ********* *** ******* ******** ******* ****** ******** ****** ******** ** ****** ********** ****** ** ******** ************ *** ********* ******** **** *** ********* ***** ************* **** ********** ** *** **** ** *** * **** ******* *** ** *** ******* ** ********** ** *** ******* ******* ********* *********** ** *** ***** ********** ******* ****** ** *******
May Lose Money rr_RiskLoseMoney *** *** **** ***** ** ********* ** *** *****
Not Insured Depository Institution rr_RiskNotInsuredDepositoryInstitution **** ********** ** *** **** ** *** * **** ******* *** ** *** ******* ** ********** ** *** ******* ******* ********* *********** ** *** ***** ********** ******* ****** ** *******
Bar Chart and Performance Table, Heading rr_BarChartAndPerformanceTableHeading Performance
Performance, Narrative rr_PerformanceNarrativeTextBlock *** *** ***** ***** ***** *** *** ****** ********** ******* **** ****** **** **** ** ***** *** *** ********** ******* ***** ** **** * ***** *** *** ****** ******* ****** ***** ******* *** ******* ******* ******* **** ********* ***** ******** ** ****** ************ **** *********** ******** **** ********** ** *** ***** ** ********* ** *** ***** *** **** ******* ******* *** ************ ** ********* *** ******* **** ************** ** **** ****** ********* ****** **** ******* ******* *** *** ******* ****** ******* ************** ** ****** ****** *** ****** ********** **** ******* ******* *** ***** ****** *** *** ********** ** ****** ********
Performance, Information Illustrates Variability of Returns rr_PerformanceInformationIllustratesVariabilityOfReturns **** *********** ******** **** ********** ** *** ***** ** ********* ** *** *****
Performance, Availability at Web Site Address rr_PerformanceAvailabilityWebSiteAddress ******* *********** ** *** ****** ******* *** ** ******** ** ******** *****************
Performance, Past Does Not Indicate Future rr_PerformancePastDoesNotIndicateFuture **** ******* ******* *** ***** ****** *** *** ********** ** ****** ********
Bar Chart, Heading rr_BarChartHeading Calendar year total returns for Class A shares
Bar Chart, Narrative rr_BarChartNarrativeTextBlock ******** ** *** ******* * ***** ******* ** * ***** ****** *** **** ********* ******* ***** ** *******
Bar Chart, Does Not Reflect Sales Loads rr_BarChartDoesNotReflectSalesLoads ******* ** *** ******* * ***** *******
Bar Chart, Closing rr_BarChartClosingTextBlock *** ****** ***** ****** *** *** ***** ****** ***** ***** *** **** *** ******* *** ************** ********* ******* ****** **** **** ****** ***** **** *** ******* ***** **** *** ***** ****** *** **** *** ******* ***** ******** *** ***** ********
Performance Table: rr_PerformanceTableHeading AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2008:
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads (WITH MAXIMUM SALES CHARGES)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate ********* ******* *** ********** ***** *** ******* ********** ******* ****** *** ***** ** ****** ****** **** **** ** *** ******* *****
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred ********* ******* *** *** ** ******** ** *** **** **** **** ****** ******* * ************ ************ **** ** * ****** ***** ********** ********** ******* ***** ** *** ******* ******* ****
Performance Table Closing rr_PerformanceTableClosingTextBlock ********* ******* *** ***** **** *** ***** * ******* ********* ******* *** ***** ***** ******* **** ***** ********* ******* *** ********** ***** *** ******* ********** ******* ****** *** ***** ** ****** ****** **** **** ** *** ******* ***** *** ** *** ******* *** ****** ** ***** *** ***** ****** **** ****** ********* ******* ****** ** **** ********** *** ********* *** ****** **** ****** **** *** ******* ***** ****** ** ********* ********* ******* *** *** ** ******** ** *** **** **** **** ****** ******* * ************ ************ **** ** * ****** ***** ********** ********** ******* ***** ** *** ******* ******* *****
Alfalfa Fund | Class A
Risk/Return:
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumCumulativeSalesChargeOverOfferingPrice 4.75%
Maximum deferred sales charge (as a percentage of the amount redeemed) rr_MaximumDeferredSalesChargeOverOther none
Maximum sales charge (load) imposed on reinvested dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee rr_RedemptionFee none
Exchange Fee (as a percentage of net assets) rr_ExchangeFeeOverRedemption none
Maximum annual account fee rr_MaximumAccountFee none
Management fees rr_ManagementFeesOverAssets 0.28%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.28%
Other Expenses (as a percentage of net assets) rr_OtherExpensesOverAssets 0.13%
Total annual fund operating expenses rr_ExpensesOverAssets 0.69%
Expense Example, 1 YEAR rr_ExpenseExampleYear01 542
Expense Example, 3 YEARS rr_ExpenseExampleYear03 686
Expense Example, 5 YEARS rr_ExpenseExampleYear05 842
Expense Example, 10 YEARS rr_ExpenseExampleYear10 1,295
1999 rr_AnnualReturn1999 18.78%
2000 rr_AnnualReturn2000 6.50%
2001 rr_AnnualReturn2001 (4.01%)
2002 rr_AnnualReturn2002 (17.66%)
2003 rr_AnnualReturn2003 28.64%
2004 rr_AnnualReturn2004 8.80%
2005 rr_AnnualReturn2005 5.98%
2006 rr_AnnualReturn2006 7.63%
2007 rr_AnnualReturn2007 6.50%
2008 rr_AnnualReturn2008 (38.68%)
Year to Date Return, Label rr_YearToDateReturnLabel The fund's total return for the three months ended March 31, 2009:
Year to Date Return, Date rr_BarChartYearToDateReturnDate Mar 31, 2009
Year to Date Return rr_BarChartYearToDateReturn (5.05%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel (for the quarter ended June 30, 2003)
Highest Quarterly Return Date rr_BarChartHighestQuarterlyReturnDate Jun 30, 2003
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.62%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel (for the quarter ended December 31, 2008)
Lowest Quarterly Return Date rr_BarChartLowestQuarterlyReturnDate Dec 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.53%)
1 YEAR rr_AverageAnnualReturnYear01 (40.26%)
5 YEARS rr_AverageAnnualReturnYear05 (4.23%)
10 YEARS rr_AverageAnnualReturnYear10 0.88%
LIFETIME rr_AverageAnnualReturnSinceInception 10.50%
Inception Date rr_AverageAnnualReturnInceptionDate May 1, 1976
Alfalfa Fund | Class A | After taxes on distributions
Risk/Return:
1 YEAR rr_AverageAnnualReturnYear01 (40.71%)
5 YEARS rr_AverageAnnualReturnYear05 (4.73%)
10 YEARS rr_AverageAnnualReturnYear10 (0.37%)
LIFETIME rr_AverageAnnualReturnSinceInception  
Alfalfa Fund | Class A | After taxes on distributions and sale of fund shares
Risk/Return:
1 YEAR rr_AverageAnnualReturnYear01 (26.07%)
5 YEARS rr_AverageAnnualReturnYear05 (3.31%)
10 YEARS rr_AverageAnnualReturnYear10 0.43%
LIFETIME rr_AverageAnnualReturnSinceInception  
Alfalfa Fund | Class B
Risk/Return:
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum deferred sales charge (as a percentage of the amount redeemed) rr_MaximumDeferredSalesChargeOverOther 4.00%
Maximum sales charge (load) imposed on reinvested dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee rr_RedemptionFee none
Exchange Fee (as a percentage of net assets) rr_ExchangeFeeOverRedemption none
Maximum annual account fee rr_MaximumAccountFee none
Management fees rr_ManagementFeesOverAssets 0.28%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses (as a percentage of net assets) rr_OtherExpensesOverAssets 0.12%
Total annual fund operating expenses rr_ExpensesOverAssets 1.40%
Expense Example, 1 YEAR rr_ExpenseExampleYear01 557
Expense Example, 3 YEARS rr_ExpenseExampleYear03 888
Expense Example, 5 YEARS rr_ExpenseExampleYear05 1,243
Expense Example, 10 YEARS rr_ExpenseExampleYear10 2,246
Expense Example, No Redemption, 1 YEAR rr_ExpenseExampleNoRedemptionYear01 143
Expense Example, No Redemption, 3 YEARS rr_ExpenseExampleNoRedemptionYear03 444
Expense Example, No Redemption, 5 YEARS rr_ExpenseExampleNoRedemptionYear05 767
Expense Example, No Redemption, 10 YEARS rr_ExpenseExampleNoRedemptionYear10 1,679
1 YEAR rr_AverageAnnualReturnYear01 (41.12%)
5 YEARS rr_AverageAnnualReturnYear05 (4.16%)
LIFETIME rr_AverageAnnualReturnSinceInception (1.80%)
Inception Date rr_AverageAnnualReturnInceptionDate Mar 3, 1999
Alfalfa Fund | Class C
Risk/Return:
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum deferred sales charge (as a percentage of the amount redeemed) rr_MaximumDeferredSalesChargeOverOther 1.00%
Maximum sales charge (load) imposed on reinvested dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee rr_RedemptionFee none
Exchange Fee (as a percentage of net assets) rr_ExchangeFeeOverRedemption none
Maximum annual account fee rr_MaximumAccountFee none
Management fees rr_ManagementFeesOverAssets 0.28%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses (as a percentage of net assets) rr_OtherExpensesOverAssets 0.14%
Total annual fund operating expenses rr_ExpensesOverAssets 1.42%
Expense Example, 1 YEAR rr_ExpenseExampleYear01 248
Expense Example, 3 YEARS rr_ExpenseExampleYear03 561
Expense Example, 5 YEARS rr_ExpenseExampleYear05 896
Expense Example, 10 YEARS rr_ExpenseExampleYear10 1,843
Expense Example, No Redemption, 1 YEAR rr_ExpenseExampleNoRedemptionYear01 145
Expense Example, No Redemption, 3 YEARS rr_ExpenseExampleNoRedemptionYear03 450
Expense Example, No Redemption, 5 YEARS rr_ExpenseExampleNoRedemptionYear05 777
Expense Example, No Redemption, 10 YEARS rr_ExpenseExampleNoRedemptionYear10 1,701
1 YEAR rr_AverageAnnualReturnYear01 (37.86%)
5 YEARS rr_AverageAnnualReturnYear05 (3.89%)
LIFETIME rr_AverageAnnualReturnSinceInception (1.94%)
Inception Date rr_AverageAnnualReturnInceptionDate Mar 3, 2000
Alfalfa Fund | S&P Index
Risk/Return:
1 YEAR rr_AverageAnnualReturnYear01 (36.99%)
5 YEARS rr_AverageAnnualReturnYear05 (2.19%)
10 YEARS rr_AverageAnnualReturnYear10 (1.38%)
LIFETIME rr_AverageAnnualReturnSinceInception 9.01%