Traditional Funds

Quaker Capital Opportunities Fund

managed by Bart McMurry, G. Michael Mara, Michael Barron and Robert Dombrower of ICC Capital Management, Inc

Quaker Capital Opportunities Fund seeks to build shareholder wealth through the achievement of capital growth. The Fund is managed by ICC Capital Management, Inc. ICC employs a multi-strategy investment process to provide growth oriented equity investment management strategies to individual and institutional investors.

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Quaker Mid-Cap Value Fund

managed by Frank Latuda, Jr., CFA, of Kennedy Capital Management, Inc.

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

managed by Theodore R. Aronson, CFA, Stefani Cranston, CFA, Gina Marie N. Moore, CFA, Martha E. Ortiz, CFA, R. Brian Wenzinger, CFA and Christopher J.W. Whitehead, CFA, of Aronson Johnson Ortiz

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.