A Style-Pure Alternative with Dynamic Tactical Allocation

Quaker Small-Cap Growth Tactical Allocation Fund is a broadly diversified portfolio of U.S. equity and foreign equity securities traded on U.S. stock exchanges with market capitalizations within the range of companies included in the Russell 2000® Growth Index.

Managed by Stephen W. Shipman, CFA of Century Management

Stephen W. Shipman, CFA, of Century Management, has continuously served as Portfolio Manager of the Fund since its inception. Prior to joining Century Management in April 2009, Mr. Shipman was with Bjurman, Barry and Associates, Inc., the former subadvisory firm for the Fund, where he also served as Portfolio Manager for the Fund.