Quaker Investment Trust picks Foreside, drops Quasar, as distributor

By Toni Weeks

San Diego, April 5 - The board of trustees of Quaker Investment Trust approved on March 1 a new distributor for the trust, according to a 497 filing with the Securities and Exchange Commission.

Effective May 11, the distributor will change to Foreside Fund Services, LLC from Quasar Distributor, LLC.

The trust also said that shareholders wishing to qualify for a sales charge reduction and who purchased no-load class shares of the funds prior to June 23, 2000, shares of the Event-Driven Fund prior to its reorganization or shares of the Akros Fund prior to its reorganization must notify their financial services firm or the fund's transfer agent at the time of future purchases. The trust allows investors to aggregate the net asset value of shares already owned and apply the amount to future investments of the same share class in order to qualify for reduction or waiver of front-end sales charges.

Malvern, Pa.-based Quaker Funds, Inc. serves as the investment adviser to the trust.

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