Mutual Funds

Osterweis Fund

Document Date
Fact Sheet June 2022
Shareholder Letter July 2022
Summary Prospectus June 2022
Statutory Prospectus June 2022
Statement of Additional Information June 2022
Annual Report - Osterweis Funds March 2022
Semi-Annual Report - Osterweis Funds September 2021
Schedule of Investments (N-PORT) June 2022
Schedule of Investments (N-PORT) December 2021

Emerging Opportunity Fund

Document Date
Fact Sheet June 2022
Shareholder Letter July 2022
Summary Prospectus June 2022
Statutory Prospectus June 2022
Statement of Additional Information June 2022
Annual Report - Osterweis Funds March 2022
Semi-Annual Report - Osterweis Funds September 2021
Schedule of Investments (N-PORT) June 2022
Schedule of Investments (N-PORT) December 2021

Strategic Income Fund

Document Date
Fact Sheet June 2022
Shareholder Letter July 2022
Summary Prospectus June 2022
Statutory Prospectus June 2022
Statement of Additional Information June 2022
Annual Report - Osterweis Funds March 2022
Semi-Annual Report - Osterweis Funds September 2021
Schedule of Investments (N-PORT) June 2022
Schedule of Investments (N-PORT) December 2021

Total Return Fund

Document Date
Fact Sheet June 2022
Shareholder Letter July 2022
Summary Prospectus June 2022
Statutory Prospectus June 2022
Statement of Additional Information June 2022
Annual Report - Osterweis Funds March 2022
Semi-Annual Report - Osterweis Funds September 2021
Schedule of Investments (N-PORT) June 2022
Schedule of Investments (N-PORT) December 2021

Growth & Income Fund

Document Date
Fact Sheet June 2022
Shareholder Letter July 2022
Summary Prospectus June 2022
Statutory Prospectus June 2022
Statement of Additional Information June 2022
Annual Report - Osterweis Funds March 2022
Semi-Annual Report - Osterweis Funds September 2021
Schedule of Investments (N-PORT) June 2022
Schedule of Investments (N-PORT) December 2021

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.