Tactical Allocation Funds

Quaker Akros Absolute Return Fund

managed by Brady T. Lipp of Akros Capital, LLC

The Quaker Akros Absolute Return Fund seeks to provide long-term capital appreciation and income, while seeking to protect principal during unfavorable market conditions.

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Quaker Event Arbitrage Fund

managed by Thomas F. Kirchner, CFA, of Quaker Funds, Inc.

The Quaker Event Arbitrage Fund is a multi-strategy arbitrage fund that seeks long-term growth of capital by tactically investing in securities of issuers that are experiencing corporate events. Corporate events lie outside of the normal course of business and results in fundamental change to the structure of the organization such as a merger, a re-organization, or a proxy fight.

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Quaker Global Tactical Allocation Fund

managed by Manu Daftary, CFA, of DG Capital Management

The 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.

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Quaker Small-Cap Growth Tactical Allocation Fund

managed by Stephen W. Shipman, CFA, of Century Management

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.

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Quaker Strategic Growth Fund

managed by Manu Daftary, CFA, of DG Capital Management

Quaker Strategic Growth Fund seeks long-term growth of capital. The Fund typically invests its assets in a broadly diverse portfolio of companies the Fund's sub-adviser believes show a high probability for superior growth.

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