0001145549-19-033566.txt : 20190913 0001145549-19-033566.hdr.sgml : 20190913 20190913151934 ACCESSION NUMBER: 0001145549-19-033566 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190913 DATE AS OF CHANGE: 20190913 EFFECTIVENESS DATE: 20190913 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUAKER INVESTMENT TRUST CENTRAL INDEX KEY: 0000870355 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-06260 FILM NUMBER: 191092467 BUSINESS ADDRESS: STREET 1: 2500 WESTON ROAD, SUITE 101 CITY: WESTON STATE: FL ZIP: 33331 BUSINESS PHONE: 888-220-8888 MAIL ADDRESS: STREET 1: 2500 WESTON ROAD, SUITE 101 CITY: WESTON STATE: FL ZIP: 33331 0000870355 S000008762 Quaker Impact Growth Fund C000023851 Advisor Class QUAGX C000023853 Class C QAGCX C000023854 Institutional Class QAGIX 0000870355 S000008770 Quaker Mid Cap Value Fund C000023879 Advisor Class QMCVX C000023881 Class C QMCCX C000023882 Institutional Class QMVIX 0000870355 S000008771 Quaker Small/Mid-Cap Impact Value Fund C000023883 Advisor Class QUSVX C000023885 Class C QSVCX C000023886 Institutional Class QSVIX 0000870355 S000013296 Quaker Global Tactical Allocation Fund C000035752 Advisor Class QTRAX C000035753 Class C QTRCX C000068042 Institutional Class QTRIX N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0000870355 XXXXXXXX true false false N-1A S000013296 true S000008770 true S000008771 true S000008762 true Quaker Investment Trust 811-06260 0000870355 549300CFFZWFST2P5837 2500 Weston Road Suite 101 Weston 33331 US-FL US 800-220-8888 Quaker Investment Trust 2500 Weston Road Suite 101 Weston 33331 8002208888 All accounts books and other documents required to be maintained by Section 31(a). 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Keech N/A N Gary Edward Shugrue N/A N Alyssa Greenspan N/A Y Warren West N/A N Stefanie Little N/A 2500 Weston Road Weston 33331 XXXXXX N N N N N N Foreside Funds Distributors LLC 8-32480 000031334 N/A N N Tait, Weller & Baker LLP 00445 N/A N N N N N N N Quaker Small/Mid-Cap Impact Value Fund S000008771 549300W8X60M7JRIO517 N 2 0 1 N/A N N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Revenue sharing split Cash collateral reinvestment fee 556131.160000000000 3445.170000000000 N/A Y Y Y N Community Capital Management Inc. 801-56201 000109368 N/A N U.S. Bancorp Fund Services, LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Community Capital Management Inc. 801-56201 File Number Y N N U.S. Bancorp Fund Services LLC N1GZ7BBF3NP8GI976H15 N N N BTIG LLC 8-65473 000122225 549300GTG9PL6WO3EC51 740.000000000000 The Buckingham Research Group Incorporated 8-28508 000013233 54930055QC6GNWVJIR88 1961.160000000000 Cowen and Company LLC 8-22522 000007616 549300WR155U7DVMIW58 5756.950000000000 Cowen Execution Services LLC 8-46838 000035693 5493005RJDJD18OPUP27 2952.390000000000 Jonestrading Institutional Services LLC 8-26089 000006888 2138008JJ5PA8H5UIL69 4066.260000000000 Mizuho Securities USA LLC 8-37710 000019647 7TK5RJIZDFROZCA6XF66 2436.210000000000 Monness Crespi Hardt and Co Inc 8-21380 000007424 54930082M4TGAELJ8Y15 120.000000000000 Watermill Institutional Trading LLC 8-68311 000150892 549300RU7K4VMGDJ0G97 19011.260000000000 37044.230000000000 0.000000000000 N 17990109.000000000000 Quaker Impact Growth Fund S000008762 549300T1N9ALCPUYTQ52 N 2 0 1 N/A N N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Revenue sharing split Cash collateral reinvestment fee 1863554.420000000000 8185.330000000000 N/A N N N N Community Capital Management Inc. 801-56201 000109368 N/A N U.S. Bancorp Fund Services, LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N N The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Community Capital Management Inc. 801-56201 File Number Y N N U.S. Bancorp Fund Services LLC N1GZ7BBF3NP8GI976H15 N N N BTIG LLC 8-65473 000122225 549300GTG9PL6WO3EC51 340.000000000000 The Buckingham Research Group Incorporated 8-28508 000013233 54930055QC6GNWVJIR88 2357.940000000000 Cowen and Company LLC 8-22522 000007616 549300WR155U7DVMIW58 4989.630000000000 Cowen Execution Services LLC 8-46838 000035693 5493005RJDJD18OPUP27 2016.850000000000 Jonestrading Institutional Services LLC 8-26089 000006888 2138008JJ5PA8H5UIL69 5101.710000000000 Mizuho Securities USA LLC 8-37710 000019647 7TK5RJIZDFROZCA6XF66 1111.830000000000 Monness Crespi Hardt and Co Inc 8-21380 000007424 54930082M4TGAELJ8Y15 958.200000000000 Watermill Institutional Trading LLC 8-68311 000150892 549300RU7K4VMGDJ0G97 20543.670000000000 37419.830000000000 Blue Bird Corp. N/A N/A N/A 25536.000000000000 25536.000000000000 N 62638159.000000000000 true INTERNAL CONTROL RPT 2 taitinternalcontrolletter.htm INTERNAL CONTROL LETTER HTML

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

Board of Trustees and Shareholders

Quaker Investment Trust

Weston, FL

In planning and performing our audits of the financial statements of Quaker Impact Growth Fund and Quaker Small/Mid-Cap Impact Value Fund (the “Funds”), each a series of the Quaker Investment Trust, for the year ended June 30, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered their internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Board of Trustees and Shareholders

Quaker Investment Trust

Page Two

 

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls for safeguarding securities, which we consider to be material weaknesses, as defined above, as of June 30, 2019.

This report is intended solely for the information and use of management, Shareholders and the Board of Trustees of Quaker Investment Trust and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties.

 

/s/ TAIT, WELLER & BAKER LLP

TAIT, WELLER & BAKER LLP

Philadelphia, Pennsylvania

August 23, 2019