

Quaker Capital Opportunities Fund seeks to build shareholder wealth through the achievement of capital growth. The Fund is managed by Knott Capital Management. Knott Capital employs a unique, multi-layered investment process to provide growth oriented equity investment management strategies to individual and institutional investors.
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Quaker Mid-Cap Value Fund seeks long-term growth of capital. The Fund is constructed to give dependable exposure to the stocks of mid-sized companies exhibiting traditional value characteristics.
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Quaker Small-Cap Value Fund seeks long-term growth of capital. The Fund is designed to give disciplined exposure to small capitalization stocks (with a mean capitalization between the Russell 2000 and Russell 2500) and traditional value characteristics such as low price earnings and price to book ratios.
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Mutual fund investing involves risk including the possible loss of principal.
Consider the investment objectives, risks, charges and expenses of the Quaker Funds carefully before investing. The prospectus contains this and other information about the Funds and is available by downloading the prospectus or calling 1-800-220-8888. Please read the prospectus carefully before investing.