Literature
Mutual Funds
Osterweis Fund
| Fact Sheet | March 2021 |
| Shareholder Letter | January 2021 |
| Summary Prospectus | June 2020 |
| Statutory Prospectus | June 2020 |
| Statement of Additional Information | June 2020 |
| Annual Report - Osterweis Funds | March 2021 |
| Semi-Annual Report - Osterweis Funds | September 2020 |
| Second Quarter Equity Outlook | April 2021 |
| Schedule of Investments (N-PORT) | December 2020 |
| Schedule of Investments (N-PORT) | June 2020 |
Emerging Opportunity Fund
| Fact Sheet | March 2021 |
| Shareholder Letter | April 2021 |
| Summary Prospectus | June 2020 |
| Statutory Prospectus | June 2020 |
| Statement of Additional Information | June 2020 |
| Annual Report - Osterweis Funds | March 2021 |
| Semi-Annual Report - Osterweis Funds | September 2020 |
| Schedule of Investments (N-PORT) | December 2020 |
| Schedule of Investments (N-PORT) | June 2020 |
Strategic Income Fund
| Fact Sheet | March 2021 |
| Shareholder Letter | April 2021 |
| Summary Prospectus | June 2020 |
| Statutory Prospectus | June 2020 |
| Statement of Additional Information | June 2020 |
| Annual Report - Osterweis Funds | March 2021 |
| Semi-Annual Report - Osterweis Funds | September 2020 |
| Second Quarter Strategic Income Outlook | April 2021 |
| Schedule of Investments (N-PORT) | December 2020 |
| Schedule of Investments (N-PORT) | June 2020 |
Total Return Fund
| Fact Sheet | March 2021 |
| Shareholder Letter | April 2021 |
| Summary Prospectus | June 2020 |
| Statutory Prospectus | June 2020 |
| Statement of Additional Information | June 2020 |
| Annual Report - Osterweis Funds | March 2021 |
| Semi-Annual Report - Osterweis Funds | September 2020 |
| Second Quarter Total Return Outlook | April 2021 |
| Schedule of Investments (N-PORT) | December 2020 |
| Schedule of Investments (N-PORT) | June 2020 |
Strategic Investment Fund
| Fact Sheet | March 2021 |
| Shareholder Letter | January 2021 |
| Summary Prospectus | June 2020 |
| Statutory Prospectus | June 2020 |
| Statement of Additional Information | June 2020 |
| Annual Report - Osterweis Funds | March 2021 |
| Semi-Annual Report - Osterweis Funds | September 2020 |
| Second Quarter Strategic Investment Outlook | April 2021 |
| Schedule of Investments (N-PORT) | December 2020 |
| Schedule of Investments (N-PORT) | June 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.
