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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Osterweis Strategic Income Fund

OSTIX | Fund

$11.22

$5.79 B

2.61%

$0.29

0.87%

Vitals

YTD Return

7.5%

1 yr return

11.1%

3 Yr Avg Return

4.4%

5 Yr Avg Return

5.7%

Net Assets

$5.79 B

Holdings in Top 10

16.7%

52 WEEK LOW AND HIGH

$11.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.87%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 49.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000

IRA

$1,500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Osterweis Strategic Income Fund

OSTIX | Fund

$11.22

$5.79 B

2.61%

$0.29

0.87%

OSTIX - Profile

Distributions

  • YTD Total Return 7.5%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 5.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.10%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Osterweis Strategic Income Fund
  • Fund Family Name
    Osterweis
  • Inception Date
    Oct 03, 2002
  • Shares Outstanding
    469988272
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Carl Kaufman

Fund Description

The Fund invests primarily in income bearing securities. Osterweis Capital Management, LLC (the “Adviser”) takes a strategic approach and may invest in a wide array of fixed income securities of various credit qualities (e.g., investment grade or below investment grade) and maturities (e.g., long term, intermediate or short term). The Adviser seeks to control risk through rigorous credit analysis, economic analysis, interest rate forecasts and sector trend review, and is not constrained by any particular duration or credit quality targets. The Fund’s fixed income investments may include, but are not limited to, U.S. Federal and Agency obligations, investment grade corporate debt, below investment grade corporate debt, also known as “junk bonds” (higher-risk, lower-rated fixed income securities such as those rated lower than BBB- by S&P or lower than Baa3 by Moody’s), floating-rate debt, convertible debt, collateralized debt, municipal debt, foreign debt (including in emerging markets) and/or depositary receipts, commercial paper and preferred stock. The Fund may invest up to 100% of its net assets in dividend-paying equities of companies of any size – large, medium and small. Additionally, the Fund may also invest up to 100% of its assets in foreign debt (including in emerging markets) and/or depositary receipts. The Fund’s investments in any one sector may exceed 25% of its net assets. The Fund’s allocation among various fixed income securities is based on the portfolio managers’ assessment of opportunities for total return relative to the risk of each type of investment.
The Adviser may sell a security when it believes doing so is appropriate and consistent with the Fund’s investment objectives and policies or when conditions affecting relevant markets, particular industries or individual issues warrant such action, regardless of the effect on the Fund’s portfolio turnover rate.
Read More

OSTIX - Performance

Return Ranking - Trailing

Period OSTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -7.0% 15.5% 50.81%
1 Yr 11.1% -1.8% 17.8% 73.94%
3 Yr 4.4%* -14.3% 21.4% 8.49%
5 Yr 5.7%* -11.1% 37.3% 9.35%
10 Yr 4.7%* -4.9% 20.1% 15.73%

* Annualized

Return Ranking - Calendar

Period OSTIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.9% -4.7% 14.3% 31.05%
2022 -10.2% -33.4% 3.6% 7.43%
2021 1.3% -8.4% 8.2% 20.21%
2020 4.7% -13.2% 302.7% 4.23%
2019 0.6% -4.4% 13.3% 97.10%

Total Return Ranking - Trailing

Period OSTIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.5% -7.0% 15.5% 50.81%
1 Yr 11.1% -1.8% 17.8% 73.94%
3 Yr 4.4%* -14.3% 21.4% 8.49%
5 Yr 5.7%* -11.1% 37.3% 9.35%
10 Yr 4.7%* -4.9% 20.1% 15.73%

* Annualized

Total Return Ranking - Calendar

Period OSTIX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% -4.7% 18.7% 47.39%
2022 -5.9% -33.4% 47.8% 10.40%
2021 5.5% -8.4% 12.4% 40.41%
2020 9.0% -9.6% 325.6% 6.70%
2019 5.4% -3.8% 19.4% 97.28%

NAV & Total Return History

OSTIX - Holdings

Concentration Analysis

OSTIX Category Low Category High OSTIX % Rank
Net Assets 5.79 B 3.13 M 23.6 B 10.75%
Number of Holdings 173 2 3879 82.32%
Net Assets in Top 10 911 M -492 M 5.25 B 9.17%
Weighting of Top 10 16.66% 4.2% 146.0% 31.26%

Top 10 Holdings

  1. Federated Hermes US Treasury Cash Reserves 2.13%
  2. MSILF Treasury Securities Portfolio 2.13%
  3. United States Treasury Bill 1.82%
  4. United States Treasury Bill 1.82%
  5. United States Treasury Bill 1.79%
  6. Goodyear Tire Rubber Co/The 1.63%
  7. BioMarin Pharmaceutical Inc 1.48%
  8. Vistra Operations Co LLC 1.32%
  9. Conduent Business Services LLC / Conduent State Local Solutions Inc 1.27%
  10. Jazz Investments I Ltd 1.26%

Asset Allocation

Weighting Return Low Return High OSTIX % Rank
Bonds 		83.48% 0.00% 145.36% 93.16%
Cash 		15.51% -52.00% 48.02% 3.93%
Convertible Bonds 		8.93% 0.00% 17.89% 0.98%
Stocks 		1.00% 0.00% 99.64% 32.74%
Preferred Stocks 		0.00% 0.00% 4.97% 90.51%
Other 		0.00% -39.08% 99.96% 84.12%

Stock Sector Breakdown

Weighting Return Low Return High OSTIX % Rank
Consumer Defense 		100.00% 0.00% 100.00% 1.77%
Utilities 		0.00% 0.00% 100.00% 86.73%
Technology 		0.00% 0.00% 33.17% 89.97%
Real Estate 		0.00% 0.00% 86.71% 87.32%
Industrials 		0.00% 0.00% 93.12% 90.56%
Healthcare 		0.00% 0.00% 22.17% 86.73%
Financial Services 		0.00% 0.00% 100.00% 90.86%
Energy 		0.00% 0.00% 100.00% 95.28%
Communication Services 		0.00% 0.00% 99.99% 94.40%
Consumer Cyclical 		0.00% 0.00% 100.00% 88.20%
Basic Materials 		0.00% 0.00% 100.00% 87.02%

Stock Geographic Breakdown

Weighting Return Low Return High OSTIX % Rank
US 		1.00% 0.00% 99.64% 32.73%
Non US 		0.00% -0.01% 0.83% 87.40%

Bond Sector Breakdown

Weighting Return Low Return High OSTIX % Rank
Corporate 		84.83% 0.00% 100.00% 88.20%
Cash & Equivalents 		14.93% 0.00% 48.02% 3.60%
Derivative 		0.00% -14.19% 42.26% 81.01%
Securitized 		0.00% 0.00% 97.24% 92.95%
Municipal 		0.00% 0.00% 1.17% 85.74%
Government 		0.00% 0.00% 99.07% 88.69%

Bond Geographic Breakdown

Weighting Return Low Return High OSTIX % Rank
US 		83.48% 0.00% 126.57% 83.80%
Non US 		0.00% 0.00% 96.91% 90.51%

OSTIX - Expenses

Operational Fees

OSTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.02% 38.33% 58.99%
Management Fee 0.71% 0.00% 1.75% 88.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

OSTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

OSTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 31.25%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

OSTIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 1.00% 255.00% 29.34%

OSTIX - Distributions

Dividend Yield Analysis

OSTIX Category Low Category High OSTIX % Rank
Dividend Yield 2.61% 0.00% 11.76% 66.34%

Dividend Distribution Analysis

OSTIX Category Low Category High Category Mod
Dividend Distribution Frequency None SemiAnnual Monthly Monthly

Net Income Ratio Analysis

OSTIX Category Low Category High OSTIX % Rank
Net Income Ratio 4.10% -2.39% 9.30% 65.67%

Capital Gain Distribution Analysis

OSTIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

OSTIX - Fund Manager Analysis

Managers

Carl Kaufman

Start Date

Tenure

Tenure Rank

Aug 30, 2002

19.76

19.8%

Mr. Carl P. Kaufman serves as Co-President, Co-Chief Executive Officer, Chief Investment Officer - Strategic Income, Portfolio Manager and Managing Director – Fixed Income for Osterweis Capital Management, Inc. and Osterweis Capital Management, LLC. He joined the Osterweis Capital Management, Inc. as a Portfolio Manager/Analyst in 2002. Prior to working at the Osterweis Capital Management, Inc., Mr. Kaufman worked for Robertson, Stephens and Co., a financial services company, from May 1999 to April 2002. Prior to that, Mr. Kaufman worked for 19 years at Merrill Lynch, where he specialized in convertible and equity securities sales and trading. Mr. Kaufman graduated from Harvard University and attended New York University Graduate School of Business Administration. He is a principal of Osterweis Capital Management.

Bradley Kane

Start Date

Tenure

Tenure Rank

Jun 30, 2013

8.92

8.9%

Mr. Bradley M. Kane serves as Vice President and Assistant Portfolio Manager for Osterweis Capital Management Inc. and Osterweis Capital Management LLC. Prior to joining the Osterweis Capital Management, LLC in 2013, Mr. Kane was a Portfolio Manager and Analyst at Newfleet Asset Management, where he managed both high yield and leveraged loan portfolios. Before that, he was a Vice President at GSC Partnersfrom 2000 to 2002 , focusing on management of high yield and collateralized debt obligations. Earlier in his career, he managed high yield assets as a Vice President at Mitchell Hutchins Asset Management. Bradley Kane graduated from Lehigh University (B.S. in Business & Economics) and is a principal of Osterweis Capital Management

Craig Manchuck

Start Date

Tenure

Tenure Rank

Feb 06, 2017

5.32

5.3%

Mr. Craig Manchuck serves as a Vice President and Portfolio Manager for the Adviser and Osterweis Capital Management, Inc. (an affiliate of the Adviser). Prior to joining Osterweis Capital Management in 2017, Mr. Manchuck was a Managing Director of Fixed Income at Stifel Nicolaus from 2013 to 2016 and Knight Capital from 2008-2013, where he was responsible for sales and origination of high yield bonds, leveraged loans and post reorg equities. Prior to that from 2000 to 2008, Mr. Manchuck was the Executive Director for Convertible Securities and then High Yield/Distressed Securities at UBS. He has previous experience in Convertible Securities Sales at Donaldson, Lufkin & Jenrette, SBC Warburg and Merrill Lynch.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.32 8.17

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