Morningstar

Osterweis Strategic Income Fund OSTIX

Morningstar Medalist Rating
Medalist Rating as of | See Osterweis Investment Hub
  • NAV / 1-Day Return 10.97  /  −0.09 %
  • Total Assets 5.8B
  • Adj. Expense Ratio
    0.860%
  • Expense Ratio 0.850%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 5,000
  • Status Open
  • TTM Yield 5.25%
  • Effective Duration 1.39 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:55 AM GMT+0

Morningstar’s Analysis OSTIX

Will OSTIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable OSTIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the OSTIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of OSTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A unique offering but with limited resources.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

Osterweis Strategic Income’s unique and flexible mandate has delivered strong risk-adjusted returns compared with its high-yield bond peers, but its small team courts significant key-person risk that gives us pause.

by River Meng
Rated on Published on

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Portfolio Holdings OSTIX

More OSTIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes US Treas Cash Res IS

3.38 194M
Cash and Equivalents

Morgan Stanley InstlLqdty TrsSecs Instl

3.38 194M
Cash and Equivalents

First American US Treasury Money Mkt X

3.18 183M
Cash and Equivalents

Unisys Corp. 10.63%

1.39 80M
Corporate

Conduent Business Services LLC / Conduent State & Local Solutions Inc. 6%

1.24 71M
Corporate

KeHE Distributors, LLC / keHE Finance Corp. 9%

1.14 66M
Corporate

Coeur Mining Inc 5.13%

1.14 66M
Corporate

Pitney Bowes Inc. 7.25%

1.14 66M
Corporate

Banijay Entertainment S.A.S. 8.13%

1.07 61M
Corporate

Marriott Vacations Worldwide Corp 3.25%

1.07 61M
Corporate

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