Performance

Month-End Performance (as of 8/31/17)
(%)

  1 MONTH QTD YTD 1 YEAR 3 YEAR 5 YEAR 7 YEAR 10 YEAR Since Inception
(8/31/2010)
OSTVX -0.26% 0.86% 7.75% 11.26% 2.99% 8.73% 9.72% - 9.72%
60% S&P 500 Index/40% Bloomberg Barclays U.S. Aggregate Bond Index 0.54 1.96 8.56 9.74 6.88 9.46 10.51 - 10.51
S&P 500 Index 0.31 2.37 11.93 16.23 9.54 14.34 15.44 - 15.44
Bloomberg Barclays U.S. Aggregate Bond Index 0.90 1.33 3.64 0.49 2.64 2.19 3.04 - 3.04
OSTVX 60% S&P 500 Index/40% Bloomberg Barclays U.S. Aggregate Bond Index S&P 500 Index Bloomberg Barclays U.S. Aggregate Bond Index
1 MONTH -0.26 0.54 0.31 0.90
QTD 0.86 1.96 2.37 1.33
YTD 7.75 8.56 11.93 3.64
1 YEAR 11.26 9.74 16.23 0.49
3 YEAR 2.99 6.88 9.54 2.64
5 YEAR 8.73 9.46 14.34 2.19
7 YEAR 9.72 10.51 15.44 3.04
10 YEAR - - - -
Since Inception
(8/31/2010)
9.72 10.51 15.44 3.04

Gross expense ratio as of 3/31/2017: 1.15%

Quarter-End Performance (as of 6/30/17)
(%)

  1 MONTH QTD YTD 1 YEAR 3 YEAR 5 YEAR 7 YEAR 10 YEAR Since Inception
(8/31/2010)
OSTVX 0.13% 2.71% 6.83% 13.75% 2.70% 9.40% - - 9.84%
60% S&P 500 Index/40% Bloomberg Barclays U.S. Aggregate Bond Index 0.33 2.43 6.48 10.33 6.85 9.64 - - 10.47
S&P 500 Index 0.62 3.09 9.34 17.90 9.61 14.63 - - 15.46
Bloomberg Barclays U.S. Aggregate Bond Index -0.10 1.45 2.27 -0.31 2.48 2.21 - - 2.92
OSTVX 60% S&P 500 Index/40% Bloomberg Barclays U.S. Aggregate Bond Index S&P 500 Index Bloomberg Barclays U.S. Aggregate Bond Index
1 MONTH 0.13 0.33 0.62 -0.10
QTD 2.71 2.43 3.09 1.45
YTD 6.83 6.48 9.34 2.27
1 YEAR 13.75 10.33 17.90 -0.31
3 YEAR 2.70 6.85 9.61 2.48
5 YEAR 9.40 9.64 14.63 2.21
7 YEAR - - - -
10 YEAR - - - -
Since Inception
(8/31/2010)
9.84 10.47 15.46 2.92

Gross expense ratio as of 3/31/2017: 1.15%

Performance data quoted represent 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 higher or lower than the performance quoted. Performance data current to the most recent month end may be obtained by calling shareholder services toll free at (866) 236-0050. Investment performance reflects periods during which fee waivers were in effect. In the absence of such waivers, total return would have been reduced.


Rates of return for periods greater than one year are annualized.

Performance Chart (as of 6/30/17)

Returns (%)
Strategic Investment Fund
60S&P/40BCAgg Index
S&P 500 Index
BCAgg Index

Hypothetical Growth of $10,000 (Since Inception to 6/30/2017)

Growth of $10,000
Strategic Investment Fund
(Dividends Reinvested)
60S&P/40BCAgg Index
(Dividends Reinvested)
S&P 500 Index
(Dividends Reinvested)
BCAgg Index
(Dividends Reinvested)

Calendar Year Performance

Date OSTVX 60S&P/40BCAgg S&P 500 BCAgg
2017 (as of 6/30/17) 6.83% 6.48% 9.34% 2.27%
2016 9.82 8.31 11.96 2.65
2015 -5.72 1.28 1.38 0.55
2014 4.35 10.62 13.69 5.97
2013 25.25 17.56 32.39 -2.02
2012 15.62 11.31 16.00 4.21
2011 1.63 4.69 2.11 7.84
8/31/2010-
12/31/2010
11.73 11.57 20.64 -1.19

Investment Team

Account Access

Email Update

This chart illustrates the performance of a hypothetical $10,000 investment made at the Fund’s inception. This chart assumes reinvestment of dividends and capital gains, but does not reflect the effect of any applicable sales charge or redemption fees. This chart does not imply any future performance. During the period noted, fee waivers or expense reimbursements were in effect for the Strategic Investment Fund.

The 60/40 blend is composed of 60% Standard & Poor’s 500 Index (S&P) and 40% Bloomberg Barclays U.S. Aggregate Bond Index (BC Agg) and assumes monthly rebalancing. The S&P is an unmanaged index that is widely regarded as the standard for measuring large-cap U.S. stock market performance. The BC Agg is an unmanaged index that is widely regarded as a standard for measuring U.S. investment grade bond market performance. These indices do not incur expenses and are not available for investment. These indices include reinvestment of dividends and/or interest income.

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 www.osterweis.com/statpro. 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 Strategic Investment Fund may invest in small- and mid-capitalization companies, which tend to have limited liquidity and greater price volatility than large-capitalization companies. 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. The Fund may invest in debt securities that are un-rated or rated below investment grade. Lower-rated securities may present an increased possibility of default, price volatility or illiquidity compared to higher-rated securities. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Higher turnover rates may result in increased transaction costs, which could impact performance. From time to time, the Fund may have concentrated positions in one or more sectors subjecting the Fund to sector emphasis risk. The Fund may also make investments in derivatives that may involve certain costs and risks such as those related to liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Leverage may cause an increase or decrease in the value of the portfolio securities to be magnified and the Fund to be more volatile than if leverage was not used. Investments in preferred securities typically have an inverse relationship with changes in the prevailing interest rate. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.

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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