Closing Prices for February 8, 2012
| FUND | NAV | POP* | CHANGE** |
| Quaker Strategic Growth Fund Class A | 16.31 | 17.26 | 0.01 |
| Quaker Strategic Growth Fund Class C | 14.67 | 14.67 | 0.01 |
| Quaker Strategic Growth Fund Class I | 16.83 | 16.83 | 0.01 |
| Quaker Mid Cap Value Fund Class A | 16.40 | 17.35 | 0.10 |
| Quaker Mid Cap Value Fund Class C | 14.75 | 14.75 | 0.09 |
| Quaker Mid Cap Value Fund Class I | 17.06 | 17.06 | 0.10 |
| Quaker Small Cap Value Fund Class A | 16.49 | 17.45 | 0.06 |
| Quaker Small Cap Value Fund Class C | 14.08 | 14.08 | 0.05 |
| Quaker Small Cap Value Fund Class I | 17.15 | 17.15 | 0.07 |
| Quaker Capital Opportunities Fund Class A | 7.92 | 8.38 | 0.03 |
| Quaker Capital Opportunities Fund Class C | 7.30 | 7.30 | 0.02 |
| Quaker Capital Opportunities Fund Class I | 7.95 | 7.95 | 0.03 |
| Quaker Global Tactical Allocation Fund Class A | 7.26 | 7.68 | -0.01 |
| Quaker Global Tactical Allocation Fund Class C | 7.06 | 7.06 | 0.00 |
| Quaker Global Tactical Allocation Fund Class I | 8.27 | 8.27 | -0.01 |
| Quaker Small-Cap Growth Tactical Alloc Fund Class A | 8.90 | 9.41 | 0.06 |
| Quaker Small-Cap Growth Tactical Alloc Fund Class C | 8.65 | 8.65 | 0.05 |
| Quaker Small-Cap Growth Tactical Alloc Fund Class I | 8.99 | 8.99 | 0.06 |
| Quaker Event Arbitrage Fund Class A | 12.04 | 12.74 | 0.03 |
| Quaker Event Arbitrage Fund Class C | 11.93 | 11.93 | 0.03 |
| Quaker Event Arbitrage Fund Class I | 12.07 | 12.07 | 0.03 |
| Quaker Akros Absolute Return Class A | 8.70 | 9.21 | 0.01 |
| Quaker Akros Absolute Return Class C | 8.61 | 8.61 | 0.01 |
| Quaker Akros Absolute Return Class I | 8.73 | 8.73 | 0.01 |
*public offering price
**change from prior closing
Mutual fund investing involves risk including the possible loss of principal.
Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The Statutory and, where available, The Summary Prospectuses contain this and other important information and are available by downloading a prospectus or calling 1-800-220-8888. Read carefully before investing.