Investing in Dynamic Global Growth Themes Occurring Worldwide

Quaker Global Tactical Allocation Fund is a multi-cap global equity portfolio investing in a diversified portfolio of U.S and American Depository Receipts of foreign companies.

Managed by Manu Daftary, CFA of DG Capital Management, Inc.

Manu Daftary is President of DG Capital Management and the firm's sole shareholder. Mr. Daftary has day-to-day responsibility for choosing the investments of the Funds. DGCM has served as investment advisor to the Funds and has been responsible for management of the Funds' portfolios since their inception. He has been with DGCM since July 1996. Previously Mr. Daftary was a portfolio manager with Greenville Capital Management during 1995 and early 1996; was Senior Vice President/Portfolio Manager with Hellman, Jordan Management Company from 1993-1995; was co-manager of the institutional growth stock portfolio with Geewax, Terker & Co. from 1988-1993.

Mr. Daftary has earned a BA from Elphinstone College, University of Bombay and a BS, Finance and an MBA from the California State University at Long Beach. He is a Chartered Financial Analyst.