OSTGX Fees and Costs — Osterweis Opportunity Fund, Investor Class
Data updated: 2026-08-21
The net expense ratio is 1.12% (1.22% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $813K in broker commissions, 0.2615% of average net assets, and portfolio turnover was 178%.
OSTGX Fees and Expenses
Annual operating expenses and sales charges of OSTGX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.12% |
| 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 |
OSTGX Costs Over Time
On $10,000 invested in OSTGX, assuming 5% a year before costs, total costs come to $858 over 5 years, cutting the return by 1.45% 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 1.12%) | $118 | $365 | $631 |
| Trading costs (broker commissions) | $27 | $85 | $147 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $145 | $473 | $858 |
| Value after costs | $10,355 | $11,103 | $11,905 |
| Impact on return, per year | 1.45% | 1.45% | 1.45% |
OSTGX 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): 0.2615%
- Total broker commissions: $813K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 178%
- Securities lending: none during the year
OSTGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PERSHING LLC | $129K | 22.10% |
| INSTINET, LLC | $80K | 13.72% |
| NATIONAL FINANCIAL SERVICES LLC | $80K | 13.72% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $50K | 8.54% |
| ROBERT W. BAIRD & CO. INCORPORATED | $49K | 8.35% |
| WILLIAM BLAIR & COMPANY L.L.C. | $47K | 8.03% |
| BNY MELLON CAPITAL MARKETS, LLC | $42K | 7.22% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $37K | 6.30% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $35K | 6.07% |
| WELLS FARGO SECURITIES, LLC | $35K | 5.94% |
OSTGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS FINANCIAL SERVICES INC. | $1.4M | 79.32% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $354K | 20.68% |
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.