If you were unable to join Portfolio Manager Larry Cordisco present “Where Are We in the Cycle for Equities,” watch the replay to hear how he finds a balance between near-term cyclical winners and long-term secular winners.
Portfolio Overview as of 3/31/2021
Asset Allocation (% of Total Portfolio)
|Cash & Equivalents||2.7|
Sector Exposure (% of Equities)
Market Cap Exposure (% of Equities)
|Less than $500 million||0.0%|
|$500 million to $2 billion||0.0|
|$2 - 5 billion||4.1|
|$5 - 15 billion||2.0|
|$15 - 50 billion||30.7|
|Greater than $50 billion||63.1|
Market Cap Characteristics (Equities Only)
|Weighted Average Market Cap||$283.8 billion|
|Median Market Cap||$62.3 billion|
Country Exposure (% of Total Portfolio)
|United States (including cash & equivalents)||95.0%|
Number of Holdings
Top 10 Holdings (% of Total Portfolio)
|Alphabet Inc-CL C||6.6|
|JPMorgan Chase & Co||4.3|
|Charter Communications Inc.-A||3.5|
|Union Pacific Corp||3.1|
|Applied Materials Inc||2.9|
|Visa Inc-Class A Shrs||2.8|
Complete holdings are generally available ten business days following quarter end.
The Osterweis Fund’s holdings and sector allocations may change at any time due to ongoing portfolio management. References to specific investments should not be construed as a recommendation to buy or sell the securities by the Fund or Osterweis Capital Management.
Fiscal Year Turnover
Not a full year, only covers 10/1/93-3/31/94
The Osterweis Funds are available by prospectus only. The Funds’ investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectuses contain this and other important information about the Funds. You may obtain a summary or statutory prospectus by calling toll free at (866) 236-0050, or by visiting www.osterweis.com/statpro. Please read the prospectus carefully before investing to ensure the Fund is appropriate for your goals and risk tolerance.
Mutual fund investing involves risk. Principal loss is possible.
The Osterweis Fund may invest in medium and smaller sized companies, which involve additional risks such as limited liquidity and greater volatility. The Fund may invest in foreign and emerging market securities, which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks may increase for emerging markets. The Fund may invest in Master Limited Partnerships, which involve risk related to energy prices, demand and changes in tax code. The Fund may invest in debt securities that are un-rated or rated below investment grade. Lower-rated securities may present an increased possibility of default, price volatility or illiquidity compared to higher-rated securities. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities.
While the fund is no-load, management fees and other expenses still apply. Please refer to the prospectus for more information.
Osterweis Capital Management is the adviser to the Osterweis Funds, which are distributed by Quasar Distributors, LLC.