Fund Share Class Symbol Cusip Fund Number

Quaker Event Arbitrage Fund


QEAAX  746935196 1237 
QEACX  746935188  1238 
QEAIX  746935170  1239 

Quaker Global Tactical Allocation Fund 


A QTRAX  746935337  2215
QTRCX 746935311  2216
QTRIX  746935329  2217

Quaker Mid-Cap Value Fund


QMCVX  746935790  1883
QMCCX  746935774  1885
QMVIX  746935543  1886

Quaker Small-Cap Value Fund 


QUSVX 746935766  1887
QSVCX  746935741  1889
QSVIX  746935568  1890

Quaker Strategic Growth Fund 


A QUAGX  746935865  1865
QAGCX  746935840 1867
QAGIX  746935584  1868

Money Fund Exchange Option Through First American Funds
(Exchanges Only)

Share Class Symbol Cusip Fund Number

Retail Prime Obligations Fund 

 A na 190190108  1910 
 C-A na  190190330  1912 


Shareholders of Class A Shares of a Quaker Fund may exchange into Class A Shares of First American (FAM) Retail Prime Obligations Fund, and Class C Shares of a Quaker Fund may exchange into Class C-A of FAM Retail Prime Obligations Fund, without incurring any additional sales charges.

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee to do so. The Fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund and you should not expect that the sponsor will provide financial support to the Fund at any time.

Mutual fund investing involves risk including the possible loss of principal. Consider the investment objectives, risks, charges and expenses of the First American Retail Prime Obligations Fund carefully before investing. The prospectus contains this and other information about the Fund and is available by calling us at 800.220.8888. Please read the prospectus carefully before investing.

The First American Funds are distributed through Quasar Distributors, LLC.  The Quaker Funds are distributed through Foreside Fund Services, LLC.