GKAT Overview

Transformation of Mutual Funds: Scharf Investments has converted two of its long-standing mutual funds into ETFs, named the Scharf ETF (KAT) and the Scharf Global Opportunities ETF (GKAT), launching with approximately $900 million in total assets.

Investment Strategy: KAT employs a value-oriented, bottom-up investment approach, focusing on good businesses available at discounts to their intrinsic value, while GKAT applies this strategy on a global scale.

Notable Holdings: As of June, KAT's concentrated portfolio includes companies like Brookfield Corp, Fiserv Inc, McKesson Corp, Microsoft Corp, and Occidental Petroleum Corp, while GKAT has historical holdings in Franco-Nevada Corp and Heineken.

Market Positioning: With a strong investor interest and a disciplined value investing tradition spanning over 40 years, Scharf Investments aims to provide an alternative to the current market concentration in mega-cap growth stocks through its new ETFs.