Literature

Fund Literature

Shareholder Letter April 2017
Annual Report - Osterweis Funds March 2017

News & Views

Osterweis Capital Management Launches Total Return Fund

The Osterweis Total Return Fund was launched on December 30, 2016.

December 2016

Regulatory Reports

Summary Prospectus  
Statutory Prospectus - Total Return Fund  
Statement of Additional Information - Total Return Fund  
XBRL Risk/Return - OSTRX  
Annual Report - Osterweis Funds  

Open an Account

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

Applications & Forms

Application - Regular Account  

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

 
Application - IRA Account  

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

 
IRA or CESA Transfer Form  

Transfer an existing IRA to the Osterweis Funds.

 
Beneficiary Change Form  

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

 

Investment Team

Account Access

Email Update

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 Total Return Fund may invest fixed income securities which are subject to credit, default, extension, interest rate and prepayment risks. It may also make investments in derivatives that may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. The Fund may invest in 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 foreign and emerging market securities involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks may increase for emerging markets. Leverage may cause the effect of 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 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. It may also make investments in derivatives that may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. The Fund may invest in municipal securities which are subject to the risk of default.

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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