Symbol: OSTIX
Expense Ratio: 0.92%
866-635-0050
Co-managers Carl Kaufman and Simon Lee have the freedom to invest large chunks of Osterweis Strategic Income in almost any kind of debt, including investment-grade and junk corporate bonds, convertibles, U.S. government bonds, floating-rate debt, foreign IOUs and preferred stock.
Osterweis's recent record is one of lagging in strong markets but hanging tough in rough ones. In 2008, when the average multisector bond fund lost 15.4%, Strategic Income surrendered just 5.5%, beating 95% of its rivals. The next year, it gained 24.9%, a great absolute return, but four percentage points less than its typical peer. Even so, the fund's ability to limit losses has led to superior long-term returns.
See FUND TABLES: Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds. Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work. And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.
