Qualified Dividends: Qualified dividends are ordinary dividends that meet certain requirements to be taxed as net capital gains. Any shareholder who received dividendpayments will receive IRS Form 1099-DIV which itemizes the amount and type of dividends paid to them. For the year 2009, the table reflects the percentage of dividends considered qualified for the Funds listed.
Dividend Received Deduction: Under certain circumstances, the IRS Code allows a tax deduction to corporations on the dividends paid to it by companies in which it has anownership stake.
| Fund | Ex-Date | Qualified Dividend Income Percentage | Dividend Received Deduction Percentage |
| Quaker Small-Cap Growth Tactical Fund | 12/7/2009 | 1.39% | 1.26% |
| Quaker Small-Cap Value Fund | 12/7/2009 | 100.00% | 100.00% |
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 taxadvisor for advice that pertains to your personal circumstances.
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.