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QUARTERLY INVESTMENT RETURNS
AS OF 12/31/09
| Class A Inception 12/31/2002 | Before Sales Charges | After Sales Charges | S&P 500® |
| CUMULATIVE | |||
| 3 Month | -9.62% | -14.59% | 6.04% |
| YTD | -14.57% | -19.26% | 26.46% |
| 1 Year | -14.57% | -19.26% | 26.46% |
| ANNUALIZED | |||
| 3 Years | -7.29% | -9.02% | -5.62% |
| 5 Years | -5.06% | -6.13% | -0.42% |
| Inception | 4.18% | 3.34% | 5.52% |
Expense Ratio: 2.99%
As of June 15, 2009, Class A Shares of the Fund have a maximum sales charge of 5.50%. Performance information prior to June 15, 2009 represents that of the Top Flight Long-Short Fund (the "Top Flight Fund"), a series of the Rock Canyon Funds. On June 15, 2009, the Top Flight Fund was reorganized into the Quaker Long-Short Tactical Allocation Fund.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. For performance current to the most recent month, contact the fund at 800-220-8888.
The S&P 500® Total Return Index is a widely recognized, unmanaged index of the approximately 500 largest companies in the United States as measured by market capitalization. The index assumes reinvestment of all dividends and distributions and does not reflect any asset-based charges for investment management or other expenses. You cannot invest directly in an index.
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.