OSTFX Fees and Costs — Osterweis Fund, Investor Class
Data updated: 2026-08-21
The net expense ratio is 0.94%: a 0.75% management fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $34K in broker commissions, 0.0231% of average net assets, and portfolio turnover was 42%.
OSTFX Fees and Expenses
Annual operating expenses and sales charges of OSTFX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
OSTFX Costs Over Time
On $10,000 invested in OSTFX, assuming 5% a year before costs, total costs come to $603 over 5 years, cutting the return by 1.01% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.94%) | $99 | $308 | $534 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $331 | $603 |
| Value after costs | $10,399 | $11,245 | $12,160 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
OSTFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0231%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
OSTFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $6K | 21.52% |
| INSTINET, LLC | $5K | 18.19% |
| BNY MELLON CAPITAL MARKETS, LLC | $4K | 12.57% |
| J.P. MORGAN SECURITIES LLC | $3K | 11.75% |
| GOLDMAN SACHS & CO. LLC | $3K | 9.92% |
| BARCLAYS CAPITAL INC. | $2K | 8.27% |
| BMO CAPITAL MARKETS CORP. | $2K | 5.94% |
| SG AMERICAS SECURITIES, LLC | $1K | 4.47% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $1K | 3.77% |
| JEFFERIES LLC | $1K | 3.60% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.