John Sheehan joined Osterweis Strategic Income on Jan. 2, 2024, as a portfolio manager alongside Carl Kaufman, Bradley Kane, and Craig Manchuck. A principal of Osterweis, Sheehan has been with the firm since 2018 and previously comanaged Osterweis Total Return, where he was responsible for investment-grade credit selection and allocation. Before joining Osterweis, he worked at Citigroup for more than 20 years, managing an investment-grade syndicate desk and advising issuers on accessing funding in the corporate bond market. He also oversaw Citigroup’s investment-grade sales strategy on the West Coast.
Osterweis Strategic Income OSTIX
- NAV / 1-Day Return 11.06 / +0.09 %
- Total Assets 5.3 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.860%
- Distribution Fee Level Above Average
- Share Class Type No Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 5,000
- Status Open
- TTM Yield 5.72%
- Effective Duration 1.90 years
USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 10:16 PM GMT+0
Morningstar’s Analysis OSTIX
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Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Morgan Stanley InstlLqdty TrsSecs Instl | 4.50 | 224.8 Mil | Cash and Equivalents |
Federated Hermes US Treas Cash Res IS | 4.50 | 224.8 Mil | Cash and Equivalents |
Southeastern Grocers Inc Ordinary Shares | 2.36 | 118.0 Mil | — |
Las Vegas Sands Corp 3.2% | 1.79 | 89.6 Mil | Corporate |
The Goodyear Tire & Rubber Company 9.5% | 1.60 | 79.7 Mil | Corporate |
Xerox Holdings Corporation 5% | 1.49 | 74.5 Mil | Corporate |
Tutor Perini Corporation 6.88% | 1.42 | 70.8 Mil | Corporate |
Enova International Inc. 8.5% | 1.36 | 67.7 Mil | Corporate |
Conduent Business Services LLC / Conduent State & Local Solutions Inc. 6% | 1.34 | 67.2 Mil | Corporate |
Empire Communities Corporation 7% | 1.27 | 63.3 Mil | Corporate |