Total Return Fund (OSTRX)
NAV as of 4/18/18
| Price | Change | |
|---|---|---|
| $9.99 | $0.01 | |
Investment Objective
The Fund seeks to preserve capital and attain long-term total returns through a combination of current income and moderate capital appreciation.
Fund Literature
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 2018 Income Distribution | 1/12/18 | 1/16/18 |
| February 2018 Income Distribution | 2/26/18 | 2/27/18 |
| March 2018 Income Distribution | 3/26/18 | 3/27/18 |
| April 2018 Income Distribution | 4/26/18 | 4/27/18 |
| May 2018 Income Distribution | 5/29/18 | 5/30/18 |
| June 2018 Income Distribution | 6/26/18 | 6/27/18 |
| July 2018 Income Distribution | 7/26/18 | 7/27/18 |
| August 2018 Income Distribution | 8/27/18 | 8/28/18 |
| September 2018 Income Distribution | 9/26/18 | 9/27/18 |
| October 2018 Income Distribution | 10/29/18 | 10/30/18 |
| November 2018 Income Distribution | 11/26/18 | 11/27/18 |
| December 2018 Income & Cap. Gains Distribution | 12/26/18 | 12/27/18 |
Distribution History
| EX./PAY AND REINVEST DATE | ORDINARY INCOME | SHORT-TERM CAP. GAINS | LONG TERM CAP. GAINS | TOTAL DISTRIBUTION | REINVEST NAV |
|---|---|---|---|---|---|
| 3/27/2018 | $0.02606 | $0.00000 | $0.00000 | $0.02606 | 9.95 |
| 2/27/2018 | $0.04496 | $0.00000 | $0.00000 | $0.04496 | 9.99 |
| 1/16/2018 | $0.01145 | $0.00000 | $0.00000 | $0.01145 | 10.15 |
| 12/15/2017 | $0.50259 | $0.01791 | $0.02488 | $0.09538 | 10.15 |
| 11/15/2017 | $0.03453 | $0.00000 | $0.00000 | $0.03453 | 10.23 |
| 10/16/2017 | $0.03210 | $0.00000 | $0.00000 | $0.03210 | 10.26 |
| 9/15/2017 | $0.03082 | $0.00000 | $0.00000 | $0.03082 | 10.28 |
| 8/15/2017 | $0.03031 | $0.00000 | $0.00000 | $0.03031 | 10.28 |
| 7/17/2017 | $0.03355 | $0.00000 | $0.00000 | $0.03355 | 10.27 |
| 6/15/2017 | $0.03231 | $0.00000 | $0.00000 | $0.03231 | 10.20 |
| 5/15/2017 | $0.01927 | $0.00000 | $0.00000 | $0.01927 | 10.24 |
| 4/17/2017 | $0.00358 | $0.00000 | $0.00000 | $0.00358 | 10.21 |
| 3/15/2017 | $0.02167 | $0.00000 | $0.00000 | $0.02167 | 10.20 |
| 2/15/2017 | $0.01332 | $0.00000 | $0.00000 | $0.01332 | 10.11 |
Additional Information
Investment Team
-
Eddy Vataru
Vice President & Portfolio Manager
View BioEddy Vataru
Vice President & Portfolio Manager
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.
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.
-
Scott Ulaszek
Vice President & Portfolio Manager
View BioScott Ulaszek
Vice President & Portfolio Manager
Scott Ulaszek graduated from Illinois State University (B.S. Mathematics) and from University of Chicago’s Graduate School of Business (M.B.A.). Mr. Ulaszek holds the Chartered Financial Analyst designation.
Prior to joining Osterweis Capital Management in 2016, Mr. Ulaszek was Managing Director and Head of Taxable Fixed Income Investment at Citi Investment Management, where he directed and managed the group’s more complex taxable fixed income strategies. Before that, he was a Risk Management Specialist at the Federal Reserve Bank of Chicago during the most recent financial crisis. He also worked as Senior Fixed Income Portfolio Manager and co-Head of the Fixed Income Portfolio Management team at Atlantic Trust/Stein Roe Investment Counsel where again, he was involved with the larger core and core plus fixed income strategies of the firm.
Mr. Ulaszek is a principal of the firm and a Portfolio Manager for the total return fixed income 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.
