Fund Literature

Fact Sheet June 2017
Equity Outlook - July 2017

Find out why we think the market is still in Phase One of the interest rate cycle and what that means.

June 2017
Shareholder Letter July 2017

Regulatory Reports

Summary Prospectus  
Annual Report - Osterweis Funds  
Semi-Annual Report - Osterweis Funds  
XBRL Risk/Return - OSTEX  

Open an Account

After reading the prospectus, please click on the links below to download an application.

Applications & Forms

Application - OSTEX Regular Account  

Regular/Taxable Osterweis Institutional Equity accounts for Individuals, Joint, Gifts to Minors, Corporation/Trust, Partnership, or other entity.

Application - OSTEX IRA Account  

Regular, Roth, SEP, SIMPLE, Transfer or Rollover IRA Osterweis Institutional Equity account. Please read the IRA Disclosure Statement & Custodial Agreement.

OSTEX IRA or CESA Transfer Form  

Transfer an existing IRA to the Osterweis Institutional Equity Fund.

Beneficiary Change Form  

Change your beneficiaries for Traditional, Roth, SEP and SIMPLE IRA’s.


Investment Team

Account Access

Email Update

During the period noted, contractual fee waivers were in effect for the Osterweis Institutional Equity Fund. The Expense Cap will remain in effect until at least June 30, 2017. The Fund may reimburse the Adviser for waived expenses, and therefore, the net expense ratio could be higher than the gross expense ratio.

The Osterweis Funds are available by prospectus only. The Funds’ investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectuses contain this and other important information about the Funds. You may obtain a summary or statutory prospectus by calling toll free at (866) 236-0050, or by visiting Please read the prospectus carefully before investing to ensure the Fund is appropriate for your goals and risk tolerance.

Mutual fund investing involves risk. Principal loss is possible.

The Osterweis Institutional Equity Fund may invest in medium and smaller sized companies, which involve additional risks such as limited liquidity and greater volatility. The Fund may invest in foreign and emerging market securities, which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks may increase for emerging markets. The Fund may invest in Master Limited Partnerships, which involve risk related to energy prices, demand and changes in tax code. From time to time, the Fund may have concentrated positions in one or more sectors subjecting the Fund to sector emphasis risk.

While the fund is no-load, management fees and other expenses still apply. Please refer to the prospectus for more information.

Osterweis Capital Management is the adviser to the Osterweis Funds, which are distributed by Quasar Distributors, LLC.

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