2013 Quaker Funds DISTRIBUTIONS

Year-end distribution information shown is for the Quaker Funds listed in the table that follows. The Status column indicates whether the information is an estimate or the Fund's Final Year-End figures. All estimates are subject to change due to adjustments to tax, revenue and expense estimates as well as Fund share purchase or redemption activity through each Fund's record date. Reinvestment of dividends will be executed at the net asset value on the ex-date.

For complete standardized performance, including most recent month-end performance, click here.

Performance data quoted represents past performance; past performance does not guarantee future results. Short term performance, in particular, is not a good indication of a fund's future performance. An Investment should not be made based solely on returns. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.

Fund Name/ Share Class

Symbol

Net Asset Value as of

Net Asset Value Per Share

Short-Term Capital Gain Per Share

Short-Term Capital Gain as % of Net Asset Value Per Share

Long-Term Capital Gain Per Share

Long-Term Capital Gain as % of Net Asset Value Per Share

Dividend Income Per Share

Total Per Share

Total as % of Net Asset Value Per Share

Record Date

Ex-Date

Payable/ Reinvest Date

Status

Quaker Akros Absolute Return Fund

Class A

AARFX

12/30/13

$7.77

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Class C

QASDX

12/30/13

$7.58

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Class I

QASIX

12/30/13

$7.84

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Quaker Event Arbitrage Fund

Class A

QEAAX

12/30/13

$13.51

0.0700

0.52%

NA

NA

$0.0088

$0.0788

0.58%

12/27/13

12/30/13

12/30/13

Final

Class C

QEACX

12/30/13

$13.22

0.0700

0.53%

NA

NA

$0.0000

$0.0700

0.53%

12/27/13

12/30/13

12/30/13

Final

Class I

QEAIX

12/30/13

$13.57

0.0700

0.52%

NA

NA

$0.0219

$0.0919

0.68%

12/27/13

12/30/13

12/30/13

Final

Quaker Global Tactical Allocation Fund

Class A

QTRAX

12/30/13

$9.90

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Class C

QTRCX

12/30/13

$9.49

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Class I

QTRIX

12/30/13

$11.34

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Quaker Mid-Cap Value Fund

Class A

QMCVX

12/30/13

$21.60

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Class C

QMCCX

12/30/13

$19.16

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Class I

QMVIX

12/30/13

$22.59

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Quaker Small-Cap Growth Tactical Allocation Fund

Class A

QGASX

12/30/13

$10.30

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Class C

QGCSX

12/30/13

$9.87

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Class I

QGISX

12/30/13

$10.45

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Quaker Small-Cap Value Fund

Class A

QUSVX

12/30/13

$23.07

NA

NA

NA

NA

$0.0581

$0.0581

0.25%

12/27/13

12/30/13

12/30/13

Final

Class C

QSVCX

12/30/13

$19.48

NA

NA

NA

NA

$0.0000

$0.0000

0.00%

12/27/13

12/30/13

12/30/13

Final

Class I

QSVIX

12/30/13

$24.01

NA

NA

NA

NA

$0.0836

$0.0836

0.35%

12/27/13

12/30/13

12/30/13

Final

Quaker Strategic Growth Fund

Class A

QUAGX

12/30/13

$22.98

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Class C

QAGCX

12/30/13

$20.38

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final

Class I

QAGIX

12/30/13

$23.82

NA

NA

NA

NA

NA

NA

NA

12/27/13

12/30/13

12/30/13

Final


About Investment Risk: Investing in the Quaker Funds may involve special risks including, but not limited to, investments in smaller companies, non-diversification, short sales, derivatives, foreign securities, special situation companies, debt securities and value and growth investing. Please refer to your Fund's most current prospectus for more complete information.

This information is general in nature and, is not intended as tax advice and cannot be used to avoid tax payments or penalties. Consult your tax advisor for advice that pertains to your personal circumstances.