Osterweis Strategic Income Fund (OSTIX)
The fund invests primarily in income bearing securities. The Adviser seeks to control risk through rigorous credit analysis, economic analysis, interest rate forecasts and sector trend review, and is not constrained by any particular duration or credit quality targets. The fund may invest up to 100% of its net assets in dividend-paying equities of companies of any size - large, medium and small. Additionally, it may also invest up to 100% of its assets in foreign debt and/or depositary receipts.
Fund Info
| ISIN | US7429354894 |
|---|---|
| CUSIP | 742935489 |
| Issuer | Osterweis |
| Inception Date | Aug 30, 2002 |
| Category | High Yield Bonds |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
OSTIX features an expense ratio of 0.84%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: OSTIX vs. VWEAX, OSTIX vs. FFHCX, OSTIX vs. VFSTX, OSTIX vs. DBLSX, OSTIX vs. VTSAX, OSTIX vs. FITLX, OSTIX vs. VDIGX, OSTIX vs. SJNK, OSTIX vs. FADMX, OSTIX vs. FAGIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Osterweis Strategic Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Osterweis Strategic Income Fund had a return of 7.23% year-to-date (YTD) and 11.69% in the last 12 months. Over the past 10 years, Osterweis Strategic Income Fund had an annualized return of 4.63%, while the S&P 500 had an annualized return of 11.39%, indicating that Osterweis Strategic Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.23% | 25.45% |
| 1 month | 0.57% | 2.91% |
| 6 months | 4.31% | 14.05% |
| 1 year | 11.69% | 35.64% |
| 5 years (annualized) | 5.65% | 14.13% |
| 10 years (annualized) | 4.63% | 11.39% |
Monthly Returns
The table below presents the monthly returns of OSTIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.73% | 0.55% | 1.05% | -0.18% | 0.81% | 0.64% | 0.90% | 1.08% | 0.87% | 0.03% | 7.23% | ||
| 2023 | 2.90% | -0.75% | 0.37% | 1.05% | 0.00% | 1.46% | 1.52% | 0.65% | -0.55% | -0.66% | 2.76% | 2.99% | 12.29% |
| 2022 | -1.30% | -0.53% | -0.29% | -1.88% | -0.82% | -4.78% | 3.43% | -0.66% | -3.05% | 1.99% | 1.95% | 0.12% | -5.94% |
| 2021 | -0.18% | 0.79% | 0.48% | 0.88% | 0.44% | 1.45% | 0.43% | 0.52% | -0.12% | 0.17% | -0.69% | 1.20% | 5.48% |
| 2020 | 0.46% | -0.83% | -6.83% | 1.50% | 2.77% | 2.94% | 2.36% | 1.75% | 0.04% | 0.92% | 2.63% | 1.35% | 9.01% |
| 2019 | 2.50% | 0.72% | 0.38% | 0.91% | -0.63% | 1.16% | 0.18% | -0.18% | -0.28% | -0.18% | -0.27% | 0.96% | 5.36% |
| 2018 | 0.44% | -0.18% | 0.01% | 0.18% | -0.09% | 0.41% | 0.36% | 0.71% | 0.74% | -1.15% | -0.72% | -1.35% | -0.66% |
| 2017 | 0.89% | 0.35% | 0.33% | 0.80% | 0.53% | 0.24% | 0.97% | 0.09% | 0.60% | 0.44% | 0.00% | 0.61% | 6.00% |
| 2016 | -1.97% | -0.38% | 2.87% | 2.36% | 0.83% | 0.50% | 1.57% | 1.82% | 1.16% | 0.27% | 0.18% | 1.30% | 10.94% |
| 2015 | 0.35% | 1.31% | 0.29% | 1.05% | 0.69% | -0.24% | -0.35% | -1.05% | -1.20% | 0.82% | -1.26% | -1.30% | -0.93% |
| 2014 | 0.42% | 1.18% | 0.49% | 0.25% | 0.42% | 0.47% | -0.42% | 0.67% | -1.18% | 0.60% | -0.59% | -1.02% | 1.26% |
| 2013 | 1.20% | 0.68% | 0.96% | 1.01% | 0.08% | -1.26% | 1.46% | -0.17% | 0.57% | 0.85% | 0.42% | 0.61% | 6.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of OSTIX is 99, placing it in the top 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Osterweis Strategic Income Fund (OSTIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Osterweis Strategic Income Fund provided a 6.04% dividend yield over the last twelve months, with an annual payout of $0.68 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.63 | $0.49 | $0.46 | $0.44 | $0.51 | $0.50 | $0.52 | $0.59 | $0.64 | $0.59 | $0.56 |
Dividend yield | 6.04% | 5.71% | 4.71% | 4.03% | 3.85% | 4.74% | 4.66% | 4.58% | 5.24% | 5.98% | 5.15% | 4.70% |
Monthly Dividends
The table displays the monthly dividend distributions for Osterweis Strategic Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.07 | $0.00 | $0.51 | |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.63 |
| 2022 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.49 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.11 | $0.46 |
| 2020 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.44 |
| 2019 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.51 |
| 2018 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.50 |
| 2017 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.52 |
| 2016 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.59 |
| 2015 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.64 |
| 2014 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.59 |
| 2013 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.16 | $0.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Osterweis Strategic Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Osterweis Strategic Income Fund was 10.06%, occurring on Mar 24, 2020. Recovery took 82 trading sessions.
The current Osterweis Strategic Income Fund drawdown is 0.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.06% | Feb 21, 2020 | 23 | Mar 24, 2020 | 82 | Jul 21, 2020 | 105 |
| -9.75% | Nov 9, 2021 | 224 | Sep 29, 2022 | 199 | Jul 18, 2023 | 423 |
| -9.66% | Aug 18, 2008 | 69 | Nov 21, 2008 | 125 | May 26, 2009 | 194 |
| -8.44% | Jun 3, 2015 | 176 | Feb 11, 2016 | 102 | Jul 8, 2016 | 278 |
| -3.69% | Aug 2, 2011 | 45 | Oct 4, 2011 | 55 | Dec 21, 2011 | 100 |
Volatility
Volatility Chart
The current Osterweis Strategic Income Fund volatility is 0.40%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.