IMPORTANT DISCLOSURES

Quaker Event Arbitrage Fund

Multiple Strategies for a Changing Investment Climate
Presented by Fund Manager, Thomas F. Kirchner, CFA

You Should Know: Quaker Event Arbitrage Fund invests in "special situation" securities, as a result of merger arbitrage, capital structure arbitrage as well as engaging in short selling, which involves special risks and requires special investment expertise. As a non-diversified fund, which invests in a small number of issuers, changes to a single security held in the Fund will have a more pronounced negative effect on the Fund than if the investments were more widely distributed.

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Mutual fund investing involves risk, including the possible loss of principal.

Contact us:
Quaker Funds, Inc.
c/o U.S. Bancorp, LLC
P.O. Box 701
Milwaukee, WI 53201-0701
800.220.8888
www.quakerfunds.com