Total Return Fund (OSTRX)
NAV as of 12/13/19
| Price | Change | |
|---|---|---|
| $10.31 | $0.03 | |
Investment Objective
The Fund seeks to preserve capital and attain long-term total returns through a combination of current income and moderate capital appreciation.
Distribution Schedule
The Osterweis Total Return Fund distributes income monthly and capital gains once a year in December.
| Record Date | Ex./Pay and Reinvest Date | |
|---|---|---|
| January 2019 Income Distribution | 1/25/19 | 1/28/19 |
| February 2019 Income Distribution | 2/27/19 | 2/28/19 |
| March 2019 Income Distribution | 3/27/19 | 3/28/19 |
| April 2019 Income Distribution | 4/26/19 | 4/29/19 |
| May 2019 Income Distribution | 5/28/19 | 5/29/19 |
| June 2019 Income Distribution | 6/27/19 | 6/28/19 |
| July 2019 Income Distribution | 7/26/19 | 7/29/19 |
| August 2019 Income Distribution | 8/27/19 | 8/28/19 |
| September 2019 Income Distribution | 9/26/19 | 9/27/19 |
| October 2019 Income Distribution | 10/25/19 | 10/28/19 |
| November 2019 Income Distribution | 11/26/19 | 11/27/19 |
| December 2019 Income & Cap. Gains Distribution | 12/26/19 | 12/27/19 |
Distribution History
| EX./PAY AND REINVEST DATE | ORDINARY INCOME | SHORT-TERM CAP. GAINS | LONG-TERM CAP. GAINS | TOTAL DISTRIBUTION | REINVEST NAV |
|---|---|---|---|---|---|
| 11/27/19 | $0.02118 | $0.00000 | $0.00000 | $0.02118 | 10.26 |
| 10/28/19 | $0.01938 | $0.00000 | $0.00000 | $0.01938 | 10.22 |
| 9/27/19 | $0.02313 | $0.00000 | $0.00000 | $0.02313 | 10.21 |
| 8/28/19 | $0.02509 | $0.00000 | $0.00000 | $0.02509 | 10.19 |
| 7/29/19 | $0.02627 | $0.00000 | $0.00000 | $0.02627 | 10.13 |
| 6/28/19 | $0.02798 | $0.00000 | $0.00000 | $0.02798 | 10.10 |
| 5/29/19 | $0.03789 | $0.00000 | $0.00000 | $0.03789 | 10.09 |
| 4/29/19 | $0.02560 | $0.00000 | $0.00000 | $0.02560 | 10.14 |
| 3/28/19 | $0.02976 | $0.00000 | $0.00000 | $0.02976 | 10.13 |
| 2/28/19 | $0.03016 | $0.00000 | $0.00000 | $0.03016 | 10.12 |
| 1/28/19 | $0.01618 | $0.00000 | $0.00000 | $0.01618 | 10.07 |
| 12/27/18 | $0.03271 | $0.00000 | $0.01286 | $0.04557 | 9.95 |
| 11/27/18 | $0.02563 | $0.00000 | $0.00000 | $0.02563 | 9.97 |
| 10/30/18 | $0.03207 | $0.00000 | $0.00000 | $0.03207 | 9.99 |
| 9/27/18 | $0.02615 | $0.00000 | $0.00000 | $0.02615 | 10.04 |
| 8/28/18 | $0.02958 | $0.00000 | $0.00000 | $0.02958 | 10.01 |
| 7/27/18 | $0.03158 | $0.00000 | $0.00000 | $0.03158 | 10.01 |
| 6/27/18 | $0.03002 | $0.00000 | $0.00000 | $0.03002 | 9.96 |
| 5/30/18 | $0.03091 | $0.00000 | $0.00000 | $0.03091 | 9.99 |
| 4/27/18 | $0.02628 | $0.00000 | $0.00000 | $0.02628 | 9.97 |
| 3/27/18 | $0.02606 | $0.00000 | $0.00000 | $0.02606 | 9.95 |
| 2/27/18 | $0.04496 | $0.00000 | $0.00000 | $0.04496 | 9.99 |
| 1/16/18 | $0.01145 | $0.00000 | $0.00000 | $0.01145 | 10.15 |
| 12/15/17 | $0.50259 | $0.01791 | $0.02488 | $0.09538 | 10.15 |
| 11/15/17 | $0.03453 | $0.00000 | $0.00000 | $0.03453 | 10.23 |
| 10/16/17 | $0.03210 | $0.00000 | $0.00000 | $0.03210 | 10.26 |
| 9/15/17 | $0.03082 | $0.00000 | $0.00000 | $0.03082 | 10.28 |
| 8/15/17 | $0.03031 | $0.00000 | $0.00000 | $0.03031 | 10.28 |
| 7/17/17 | $0.03355 | $0.00000 | $0.00000 | $0.03355 | 10.27 |
| 6/15/17 | $0.03231 | $0.00000 | $0.00000 | $0.03231 | 10.20 |
| 5/15/17 | $0.01927 | $0.00000 | $0.00000 | $0.01927 | 10.24 |
| 4/17/17 | $0.00358 | $0.00000 | $0.00000 | $0.00358 | 10.21 |
| 3/15/17 | $0.02167 | $0.00000 | $0.00000 | $0.02167 | 10.20 |
| 2/15/17 | $0.01332 | $0.00000 | $0.00000 | $0.01332 | 10.11 |
Additional Information
Investment Team
-
Eddy Vataru
Vice President & Chief Investment Officer – Total Return
View BioEddy Vataru
Vice President & Chief Investment Officer – Total Return
Eddy Vataru graduated from California Institute of Technology (B.S. Chemistry & Economics) and from Olin Business School at Washington University in St. Louis (M.B.A.). Mr. Vataru holds the Chartered Financial Analyst designation.
Prior to joining Osterweis Capital Management in 2016, Mr. Vataru worked in senior management positions at Incapture, LLC and Citadel, LLC. Before that he spent over 11 years at BlackRock (formerly Barclays Global Investors), where his last position was as Managing Director and Head of U.S. Rates and Mortgages. While in this role, BGI worked with the U.S. Treasury in implementing its Agency MBS Purchase Program, buying mortgages for the U.S. government from 2008-2009.
Over the course of his career as a fixed income investor, Mr. Vataru has developed extensive experience in managing passive, active and hedge fund portfolios.
Mr. Vataru is a principal of the firm and the lead Portfolio Manager for the total return fixed income strategy. He is also a Portfolio Manager for the flexible balanced strategy.
-
John Sheehan
Portfolio Manager
View BioJohn Sheehan
Portfolio Manager
John Sheehan graduated from Georgetown University (B.A. Economics). Mr. Sheehan holds the Chartered Financial Analyst designation.
Prior to joining Osterweis Capital Management in 2018, Mr. Sheehan spent more than 20 years working at Citigroup, first as Managing Director responsible for Investment Grade Syndicate in New York City, where he advised issuers on accessing funding in the corporate bond market. Later at Citigroup, he was Managing Director in charge of West Coast Investment Grade Sales in San Francisco, where he covered several of the largest U.S. investment grade credit investors.
Mr. Sheehan’s experience integrates perspective on the mindset of large institutional bond issuers with perspective on the goals of institutional investors.
Mr. Sheehan is a Portfolio Manager for the total return fixed income strategy. He is also a Portfolio Manager for the flexible balanced strategy.
-
Daniel Oh
Portfolio Manager
View BioDaniel Oh
Portfolio Manager
Daniel Oh graduated from Columbia University (B.A. Economics/Political Science) and from the Stephen M. Ross School of Business at the University of Michigan (M.B.A.).
Prior to joining Osterweis Capital Management in 2018, Mr. Oh was a Director of Fixed Income Portfolio Management at Estabrook Capital Management in New York City. Before that he was at Merrill Lynch & Co. as an Associate in Prime/Alt-a-Non-Agency Mortgage Trading. Prior to that he held positions at Seneca Financial Group and Morgan Stanley.
Mr. Oh’s professional history includes experience in investment grade corporate credit, whole loan mortgages, structured finance and distressed investments.
Mr. Oh is a Portfolio Manager for the total return fixed income strategy. He is also a Portfolio Manager for the flexible balanced strategy.
Past performance does not guarantee future results.
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 Total Return Fund may invest in fixed income securities which are subject to credit, default, extension, interest rate and prepayment risks. It may also make investments in derivatives that may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. The Fund may invest in 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 foreign and emerging market securities involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks may increase for emerging markets. Leverage may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the fund to be more volatile than if leverage was not used. Investments in preferred securities have an inverse relationship with changes in the prevailing interest rate. Investments in Asset Backed and Mortgage Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. It may also make investments in derivatives that may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. The Fund may invest in municipal securities which are subject to the risk of default.
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.
