OSTVX: Osterweis Strategic Investment Fund - MutualFunds.com
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Osterweis Strategic Investment

OSTVX - Snapshot

Vitals

  • YTD Return 9.9%
  • 3 Yr Annualized Return 14.0%
  • 5 Yr Annualized Return 12.2%
  • Net Assets $164 M
  • Holdings in Top 10 28.5%

52 WEEK LOW AND HIGH

$18.76
$13.99
$18.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.20%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 51.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA $1,500

Fund Classification


Compare OSTVX to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$32.74

+0.58%

$203.07 B

1.23%

$0.40

8.41%

0.58%

$48.14

+0.46%

$118.44 B

1.84%

$0.88

8.52%

0.24%

$46.87

+0.54%

$56.31 B

1.05%

$0.49

5.71%

0.18%

$37.30

+0.35%

$49.28 B

1.08%

$0.40

9.35%

0.70%

$30.84

+0.65%

$45.38 B

1.04%

$0.32

9.05%

0.52%

OSTVX - Profile

Distributions

  • YTD Total Return 9.9%
  • 3 Yr Annualized Total Return 14.0%
  • 5 Yr Annualized Total Return 12.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Osterweis Strategic Investment Fund
  • Fund Family Name
    Osterweis
  • Inception Date
    Aug 31, 2010
  • Shares Outstanding
    8790196
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Carl Kaufman

Fund Description

The fund invests in both equity and fixed income securities that the Adviser believes can deliver attractive long-term returns and enhanced capital preservation. Under normal market conditions, the minimum allocation to either fixed income or equity securities is expected to be 25% of the fund's net assets; conversely, the maximum allocation to either fixed income or equity securities at any given time is expected to be 75%. It may invest up to 50% of its net assets in foreign securities. The fund's investments in any one sector may exceed 25% of its net assets.


OSTVX - Performance

Return Ranking - Trailing

Period OSTVX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.9% -5.5% 66.5% 13.06%
1 Yr 37.6% -5.2% 109.7% 9.99%
3 Yr 14.0%* -1.4% 27.2% 9.43%
5 Yr 12.2%* 0.6% 25.9% 10.25%
10 Yr 9.1%* 1.6% 15.8% 25.65%

* Annualized

Return Ranking - Calendar

Period OSTVX Return Category Return Low Category Return High Rank in Category (%)
2020 13.4% -39.0% 56.4% 8.44%
2019 18.0% -5.8% 26.1% 10.39%
2018 -15.7% -52.1% 0.0% 82.96%
2017 7.3% -6.5% 32.7% 62.77%
2016 6.0% -43.7% 17.8% 20.63%

Total Return Ranking - Trailing

Period OSTVX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.9% -5.5% 66.5% 13.06%
1 Yr 37.6% -5.2% 109.7% 8.81%
3 Yr 14.0%* -1.4% 27.2% 8.38%
5 Yr 12.2%* 0.6% 25.9% 9.63%
10 Yr 9.1%* 1.6% 15.8% 24.35%

* Annualized

Total Return Ranking - Calendar

Period OSTVX Return Category Return Low Category Return High Rank in Category (%)
2020 13.4% -39.0% 56.4% 8.44%
2019 18.0% -5.8% 26.1% 10.54%
2018 -15.7% -47.9% 0.8% 91.24%
2017 12.9% -3.7% 56.2% 52.12%
2016 9.8% -43.7% 19.8% 9.17%

NAV & Total Return History


OSTVX - Holdings

Concentration Analysis

OSTVX Category Low Category High OSTVX % Rank
Net Assets 164 M 9.98 K 203 B 79.54%
Number of Holdings 143 2 14931 44.70%
Net Assets in Top 10 44.8 M -9.34 M 36.6 B 83.09%
Weighting of Top 10 28.53% 7.9% 100.0% 62.28%

Top 10 Holdings

  1. Microsoft Corp 4.27%
  2. Alphabet Inc Class C 3.96%
  3. JPMorgan Chase & Co 3.28%
  4. Danaher Corp 2.81%
  5. Coresite Realty Corp 2.75%
  6. FedEx Corp 2.69%
  7. Sysco Corp 2.63%
  8. Chevron Corp 2.54%
  9. Hannon Armstrong Sustainable Infrastructure Capital Inc 2.51%
  10. Applied Materials Inc 2.47%

Asset Allocation

Weighting Return Low Return High OSTVX % Rank
Stocks
70.48% 0.00% 130.38% 5.16%
Bonds
20.73% -0.38% 121.14% 90.40%
Convertible Bonds
5.97% 0.00% 26.60% 3.72%
Cash
1.87% -53.51% 81.21% 78.51%
Preferred Stocks
0.94% 0.00% 24.34% 8.60%
Other
0.00% -4.86% 73.51% 78.94%

Stock Sector Breakdown

Weighting Return Low Return High OSTVX % Rank
Industrials
16.63% 0.00% 33.15% 2.58%
Technology
15.24% 0.00% 50.38% 79.37%
Financial Services
12.12% 0.00% 100.00% 88.97%
Healthcare
10.03% 0.00% 38.48% 88.25%
Communication Services
10.01% 0.00% 30.83% 25.64%
Consumer Cyclical
9.72% 0.00% 24.11% 70.34%
Real Estate
9.10% 0.00% 99.16% 5.30%
Consumer Defense
6.45% 0.00% 17.16% 53.58%
Basic Materials
4.81% 0.00% 21.94% 29.08%
Energy
3.62% 0.00% 69.89% 29.80%
Utilities
2.25% 0.00% 100.00% 65.19%

Stock Geographic Breakdown

Weighting Return Low Return High OSTVX % Rank
US
65.32% 0.00% 96.26% 6.30%
Non US
5.16% 0.00% 69.93% 69.63%

Bond Sector Breakdown

Weighting Return Low Return High OSTVX % Rank
Corporate
93.68% 0.00% 98.59% 0.43%
Cash & Equivalents
6.32% 0.04% 100.00% 81.52%
Derivative
0.00% 0.00% 33.42% 74.93%
Securitized
0.00% 0.00% 85.21% 95.13%
Municipal
0.00% 0.00% 24.11% 85.39%
Government
0.00% 0.00% 97.87% 97.13%

Bond Geographic Breakdown

Weighting Return Low Return High OSTVX % Rank
US
17.82% -0.38% 70.02% 90.26%
Non US
2.91% -9.41% 97.27% 61.17%

OSTVX - Expenses

Operational Fees

OSTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.01% 14.81% 27.33%
Management Fee 1.00% 0.00% 2.00% 96.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

OSTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

OSTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 32.47%

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.

OSTVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 0.00% 484.00% 49.70%

OSTVX - Distributions

Dividend Yield Analysis

OSTVX Category Low Category High OSTVX % Rank
Dividend Yield 0.00% 0.00% 7.11% 58.95%

Dividend Distribution Analysis

OSTVX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Net Income Ratio Analysis

OSTVX Category Low Category High OSTVX % Rank
Net Income Ratio 1.57% -1.95% 11.02% 43.18%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

OSTVX - Fund Manager Analysis

Managers

Carl Kaufman


Start Date

Tenure

Tenure Rank

Aug 31, 2010

10.67

10.7%

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.

John Osterweis


Start Date

Tenure

Tenure Rank

Aug 31, 2010

10.67

10.7%

Mr. Osterweis founded Osterweis Capital Management in 1983. For over ten years prior to launching Osterweis Capital Management, Mr. Osterweis managed private equity portfolios while working as an analyst at several brokerage firms. He also served as Director of Research at two of these firms. Mr. Osterweis currently serves as Chairman of the San Francisco Ballet Association, Director of the San Francisco Free Clinic and the Lucas Cultural Arts Museum, President Emeritus of the San Francisco Ballet Endowment Foundation, as well as Trustee Emeritus of Summer Search Foundation and of Bowdoin College. Mr. Osterweis graduated from Bowdoin College (Cum Laude) and Stanford Graduate School of Business (Top Honors in Finance).

Eddy Vataru


Start Date

Tenure

Tenure Rank

Jun 30, 2017

3.84

3.8%

Mr. Eddy Vataru serves as Vice President and Chief Investment Officer - Total Return for Osterweis Capital Management, Inc. Prior to working at the Osterweis Capital Management, Inc, Mr. Vataru was the Managing Director, Senior Portfolio Manager at Incapture, LLC from 2013 to 2015. Before that, he was Director, Senior Portfolio Manager at Citadel, LLC from 2011 to 2012. He also served as Managing Director and Head of U.S. Rates/Mortgages at BlackRock (formerly, Barclays Global Investors) from 2009 to 2011. Mr. Vataru graduated from California Institute of Technology (B.S. Chemistry & Economics) and Olin Business School at Washington University in St. Louis (MBA).

Jim Callinan


Start Date

Tenure

Tenure Rank

Jun 30, 2018

2.84

2.8%

Jim Callinan graduated from Harvard College (B.A. Economics), New York University (M.S. Accounting) and Harvard Business School (M.B.A.). Mr. Callinan holds the Chartered Financial Analyst designation. Mr. James L. Callinan serves as 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 2016, Mr. Callinan was the CEO of Callinan Asset Management and Portfolio Manager of the Emerging Growth Partners, LP. Before that, he was Co-Founder & Chief Investment Officer at RS Investments and founded the RS Concentrated Small Cap Growth investment strategy. He also co-founded the RS Growth Group LLC at Robertson Stephens Investment Management in 1996 and managed the RS Emerging Growth Fund from 1996 until 2010. He began his career at Putnam Investments as an equity research analyst in 1987 and served as portfolio manager for the Putnam OTC Emerging Growth Fund from 1994 to 1996. Mr. Callinan is a Board and Finance committee member of the Bay Area Make-A-Wish Foundation, a member of the Jumpstart Northern California Advisory Board, the Weatherbie Capital Advisory Board, the President’s Committee on Communication for Harvard University, the Pacific Union Club Investment Committee and the Friends of Harvard Football Board. Mr. Callinan is a Portfolio Manager for the Emerging Opportunity strategy.

Larry Cordisco


Start Date

Tenure

Tenure Rank

Apr 01, 2019

2.08

2.1%

Larry Cordisco graduated from the University of California, Santa Barbara (B.A. in Political Science), Georgetown University (M.P.P.) and Columbia Business School (M.B.A.). Before joining Osterweis in 2019, he was a Co-Portfolio Manager of the Meridian Contrarian Fund at Arrowmark Partners/Meridian Funds. Prior to co-managing the Contrarian Fund, Larry was an equity analyst for 11 years, most recently as Vice President of Investment Research for the Meridian Contrarian Fund. Before that he was an analyst within the technology group at Banc of America Securities. He was also a business and technology consultant for Accenture in San Francisco and began his professional career in the public sector as a District Aide for Congressman George Miller. Mr. Cordisco is a Senior Portfolio Manager for the core equity strategy and portfolio manager for the flexible balanced strategy.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 37.36 6.09 1.33