Mutual Funds

Emerging Opportunity Fund

Document Date
Fact Sheet December 2022
Shareholder Letter October 2022
Summary Prospectus June 2022
Statutory Prospectus December 2022
Statement of Additional Information December 2022
Annual Report March 2022
Semi-Annual Report September 2022
Schedule of Investments (N-PORT) June 2022
Schedule of Investments (N-PORT) December 2021

Osterweis Fund

Document Date
Fact Sheet December 2022
Shareholder Letter January 2023
Summary Prospectus December 2022
Statutory Prospectus December 2022
Statement of Additional Information December 2022
Annual Report March 2022
Semi-Annual Report September 2022
Schedule of Investments (N-PORT) June 2022
Schedule of Investments (N-PORT) December 2021

Growth & Income Fund

Document Date
Fact Sheet December 2022
Shareholder Letter January 2023
Summary Prospectus December 2022
Statutory Prospectus December 2022
Statement of Additional Information December 2022
Annual Report March 2022
Semi-Annual Report September 2022
Schedule of Investments (N-PORT) June 2022
Schedule of Investments (N-PORT) December 2021

Strategic Income Fund

Document Date
Fact Sheet December 2022
Shareholder Letter January 2023
Summary Prospectus June 2022
Statutory Prospectus December 2022
Statement of Additional Information December 2022
Annual Report March 2022
Semi-Annual Report September 2022
Schedule of Investments (N-PORT) June 2022
Schedule of Investments (N-PORT) December 2021

Sustainable Credit Fund

Document Date
Fact Sheet December 2022
Shareholder Letter November 2022
Summary Prospectus October 2022
Statutory Prospectus October 2022
Statement of Additional Information November 2022
Annual Report April 2022
Semi-Annual Report October 2022
Schedule of Investments (N-PORT) July 2022
Schedule of Investments (N-PORT) January 2022

Short Duration Credit Fund

Document Date
Fact Sheet December 2022
Shareholder Letter October 2022
Summary Prospectus October 2022
Statutory Prospectus October 2022
Statement of Additional Information November 2022
Annual Report April 2022
Semi-Annual Report October 2022
Schedule of Investments (N-PORT) July 2022
Schedule of Investments (N-PORT) January 2022

Total Return Fund

Document Date
Fact Sheet December 2022
Shareholder Letter January 2023
Summary Prospectus June 2022
Statutory Prospectus December 2022
Statement of Additional Information December 2022
Annual Report March 2022
Semi-Annual Report September 2022
Schedule of Investments (N-PORT) June 2022
Schedule of Investments (N-PORT) December 2021

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.