OSTIX Fees and Costs — Osterweis Strategic Income Fund, Investor Class
Data updated: 2026-08-21
The net expense ratio is 0.86%: a 0.70% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 37%.
OSTIX Fees and Expenses
Annual operating expenses and sales charges of OSTIX. Prospectus, as of June 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
OSTIX Costs Over Time
On $10,000 invested in OSTIX, assuming 5% a year before costs, total costs come to $539 over 5 years, cutting the return by 0.90% 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 0.86%) | $90 | $282 | $490 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $296 | $539 |
| Value after costs | $10,410 | $11,280 | $12,223 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
OSTIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $9.5B
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
OSTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $1.6B | 22.26% |
| PERSHING LLC | $1.2B | 16.79% |
| R. SEELAUS & CO.,INC. | $975.7M | 13.51% |
| RBC CAPITAL MARKETS, LLC | $797.9M | 11.05% |
| BOFAML SECURITIES, INC. | $650.8M | 9.01% |
| BARCLAYS CAPITAL INC. | $579.6M | 8.02% |
| WELLS FARGO SECURITIES, LLC | $393.6M | 5.45% |
| SUNTRUST ROBINSON HUMPHREY, INC. | $382.1M | 5.29% |
| AMERIVET SECURITIES, INC. | $370.3M | 5.13% |
| PIPER JAFFRAY & CO. | $253.3M | 3.51% |
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.