Osterweis Funds announces fund name change and management fee reductions

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SAN FRANCISCO – (COMMERCIAL THREAD) – Osterweis Capital Management (OCM) announced today that the Osterweis Strategic Investment Fund will be renamed Osterweis Growth & Income Fund. He also announced that he had lowered management fees to 0.75% for the Osterweis fund (OSTFX) and the Osterweis Growth & Income fund (OSTVX).

Catherine Halberstadt, Co-Chair and Co-CEO of OCM, said of cost reduction: “Osterweis strongly believes in active management which emphasizes downside risk management. We are pleased to announce this new lower management fee structure for our shareholders. ”

Larry Cordisco, Co-Senior Portfolio Manager for the Osterweis Fund and the Osterweis Growth & Income Fund, said of the name change: “The new name does a great job of conveying our value proposition to investors. In a market where fixed income returns are very low, we believe that using a pool of actively managed equities and fixed income to generate both growth and constant income is very interesting, especially for retirees and near retirees who seek both short-term income and long-term asset appreciation.

More information and current performance can be found at Osterweis.com.

About the Osterweis Fund

The Osterweis Fund is an actively managed equity fund that seeks long-term total returns. We believe that building a portfolio of quality companies with underestimated growth opportunities should generate outperformance over time by protecting on the downside and capitalizing on upside potential. The fund is managed by Larry Cordisco, John Osterweis, Greg Hermanski and Nael Fakhry. For more information, visit our website here.

About Osterweis Growth and Income Fund (formerly Strategic Investment Fund)

The Osterweis Growth & Income Fund is an actively managed equity and fixed income fund that seeks to provide long-term total returns and preserve capital. We believe that the combination of a carefully selected group of income generating stocks and higher yielding fixed income securities should generate growth as well as an attractive income stream over time. The fund is managed by Larry Cordisco, John Osterweis, Carl Kaufman, Eddy Vataru and Jim Callinan. For more information, visit our website here.

About Osterweis Capital Management

Founded in 1983, Osterweis Capital Management is an independent asset manager with over $ 7 billion under management as of March 31, 2021. The company provides investment management services to institutions and individuals through mutual funds. investment and separate accounts, offering both equity and fixed income investment strategies. .

Osterweis Funds are only available by prospectus. The investment objectives, risks, charges and expenses of the Funds should be carefully considered before investing. The summary and the statutory prospectuses contain this information as well as other important information about the Funds. You can obtain a summary or a 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 that the Fund is suitable for your objectives and your tolerance for risk.

Investing in mutual funds involves risks. The main loss is possible.

The Osterweis Fund may invest in medium and small sized companies, which involves additional risks such as limited liquidity and higher volatility. The Fund may invest in securities from foreign and emerging markets, 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 risks related to energy prices, demand and changes in the tax code. The Fund may invest in debt securities that are unrated or have a rating 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 generally lose value when interest rates rise. This risk is generally higher for longer-term debt securities.

The Osterweis Growth & Income Fund (formerly called Osterweis Strategic Investment Fund) can invest in small and mid-cap companies, which typically have limited liquidity and greater price volatility than large-cap companies. The Fund may invest in securities from foreign and emerging markets, 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 core limited partnerships, which involve risks related to energy prices, demand and changes in the tax code. The Fund may invest in debt securities that are unrated 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 generally lose value when interest rates rise. This risk is generally higher for longer-term debt securities. From time to time, the Fund may have concentrated positions in one or more sectors, which subjects it to risk related to sector focus. The Fund may also make investments in derivative products which may involve certain costs and risks such as those related to liquidity, interest rates, market, credit, management and the risk that a position cannot. be closed at the most advantageous time. Leverage may increase or decrease the value of the securities in the portfolio and make the Fund more volatile than if leverage were not used. Investments in preferred securities generally have an inverse relationship to changes in the prevailing interest rate. Investments in asset-backed and mortgage-backed securities involve additional risks that investors should be aware of, such as credit risk, prepayment risk, possible illiquidity and default, as well as susceptibility. increased to unfavorable economic developments.

Osterweis Capital Management is the advisor to the Osterweis funds, which are distributed by Quasar Distributors, LLC. [OSTE-20210628-0256]

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