Mutual Funds

Osterweis Fund

Document Date
Fact Sheet December 2021
Shareholder Letter October 2021
Summary Prospectus June 2021
Statutory Prospectus June 2021
Statement of Additional Information June 2021
Annual Report - Osterweis Funds March 2021
Semi-Annual Report - Osterweis Funds September 2021
First Quarter Equity Outlook January 2022
Schedule of Investments (N-PORT) June 2021
Schedule of Investments (N-PORT) December 2020

Emerging Opportunity Fund

Document Date
Fact Sheet December 2021
Shareholder Letter October 2021
Summary Prospectus June 2021
Statutory Prospectus June 2021
Statement of Additional Information June 2021
Annual Report - Osterweis Funds March 2021
Semi-Annual Report - Osterweis Funds September 2021
Schedule of Investments (N-PORT) June 2021
Schedule of Investments (N-PORT) December 2020

Strategic Income Fund

Document Date
Fact Sheet December 2021
Shareholder Letter January 2022
Summary Prospectus June 2021
Statutory Prospectus June 2021
Statement of Additional Information June 2021
Annual Report - Osterweis Funds March 2021
Semi-Annual Report - Osterweis Funds September 2021
First Quarter Strategic Income Outlook January 2022
Schedule of Investments (N-PORT) June 2021
Schedule of Investments (N-PORT) December 2020

Total Return Fund

Document Date
Fact Sheet December 2021
Shareholder Letter January 2022
Summary Prospectus June 2021
Statutory Prospectus June 2021
Statement of Additional Information June 2021
Annual Report - Osterweis Funds March 2021
Semi-Annual Report - Osterweis Funds September 2021
First Quarter Total Return Outlook January 2022
Schedule of Investments (N-PORT) June 2021
Schedule of Investments (N-PORT) December 2020

Growth & Income Fund

Document Date
Fact Sheet December 2021
Shareholder Letter July 2021
Summary Prospectus June 2021
Statutory Prospectus June 2021
Statement of Additional Information June 2021
Annual Report - Osterweis Funds March 2021
Semi-Annual Report - Osterweis Funds September 2021
Fourth Quarter Growth & Income Outlook October 2021
Schedule of Investments (N-PORT) June 2021
Schedule of Investments (N-PORT) December 2020

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.