Literature
Mutual Funds
Osterweis Fund
| Fact Sheet | March 2018 |
| Shareholder Letter | April 2018 |
| Summary Prospectus | December 2017 |
| Statutory Prospectus | May 2018 |
| Statement of Additional Information | May 2018 |
| Annual Report - Osterweis Funds | March 2018 |
| Semi-Annual Report - Osterweis Funds | September 2017 |
| April Equity Outlook – The Digital Transformation | March 2018 |
Emerging Opportunity Fund
| Fact Sheet | March 2018 |
| Shareholder Letter | April 2018 |
| Summary Prospectus | July 2017 |
| Statutory Prospectus | May 2018 |
| Statement of Additional Information | May 2018 |
| Annual Report - Osterweis Funds | March 2018 |
| Semi-Annual Report - Osterweis Funds | September 2017 |
Strategic Income Fund
| Fact Sheet | March 2018 |
| Shareholder Letter | April 2018 |
| Summary Prospectus | July 2017 |
| Statutory Prospectus | May 2018 |
| Statement of Additional Information | May 2018 |
| Annual Report - Osterweis Funds | March 2018 |
| Semi-Annual Report - Osterweis Funds | September 2017 |
| April Strategic Income Outlook – The Sound & The Fury | March 2018 |
Total Return Fund
| Fact Sheet | March 2018 |
| Shareholder Letter | April 2018 |
| Summary Prospectus | July 2017 |
| Statutory Prospectus | May 2018 |
| Statement of Additional Information | May 2018 |
| Annual Report - Osterweis Funds | March 2018 |
| Semi-Annual Report - Osterweis Funds | September 2017 |
Strategic Investment Fund
| Fact Sheet | March 2018 |
| Shareholder Letter | April 2018 |
| Summary Prospectus | July 2017 |
| Statutory Prospectus | May 2018 |
| Statement of Additional Information | May 2018 |
| Annual Report - Osterweis Funds | March 2018 |
| Semi-Annual Report - Osterweis Funds | September 2017 |
| April Strategic Investment Outlook | April 2018 |
Request hard copies of mutual fund materials by email or call us at (866) 236-0050.
Mutual fund investing involves risk. Principal loss is possible.
Osterweis Capital Management is the adviser to the Osterweis Funds, which are distributed by Quasar Distributors, LLC.
