Company Announcements

Scharf Converts Flagship Mutual Funds into ETFs, Extending Firm's Over 40-Year Track Record of Value Investing

LOS GATOS, Calif. , Aug. 26, 2025 /PRNewswire/ -- Scharf ETF (Ticker: KAT) and the Scharf Global Opportunity ETF (Ticker: GKAT), began trading yesterday on NASDAQ. KAT debuted with approximately $770 million in assets, making it the largest active domestic equity ETF launch of 2025, while GKAT launched with approximately $120 million, bringing total assets at inception to approximately $890 million.

"We are thrilled with the strong investor demand for both ETFs," said Jason Marcus, Chief Operating Officer. "Launching with this scale showcases immediate market recognition of our value-driven strategies ability to deliver risk-aware alternatives to the growth-heavy exposures dominating portfolios today."

KAT and GKAT transform Scharf's flagship mutual fund strategies into ETFs, offering institutional-scale value investing along with the benefits of tax efficiency, transparency, and intraday liquidity. Scharf has earned its reputation not by following growth trends, but through disciplined value investing focused on capital preservation and long-term compounding.

"Investors do not have to pay astronomical prices to own strong businesses if they are willing to look in the right places," said Brian Krawez, President and Lead Portfolio Manager. "With record market concentration in mega-cap growth stocks, KAT and GKAT offer investors something different: a disciplined value approach supported by Scharf's more than 40-year history."

For more information, visit www.scharfetfs.com.

About Scharf Investments: Founded in 1983 and headquartered in Los Gatos, California, Scharf Investments is an independent investment firm with more than four decades of delivering strong risk-adjusted returns. Its Quality Value approach focuses on investing in high-quality companies at meaningful discounts, emphasizing capital preservation and consistent performance across market cycles.

Media Contact:

Barry Schwartz
917-836-8142
barry@schwartzpr.com

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call 800-617-0004 or visit our website at www.scharfetfs.com. Read the prospectus carefully before investing.

Investing involves risk. Principal loss is possible. The Adviser may use proprietary models in identifying, evaluating and selecting securities for the Funds, and to weight the portfolio. These models generally use technology and software and rely on both internally developed data as well as third-party data. Investments in foreign currencies and foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, sanctions or other measures by the United States or other governments, liquidity risks, currency fluctuations, higher transaction costs, delayed settlement, possible foreign controls on investment, expropriation and nationalization risks, and less stringent investor protection and disclosure standards of foreign markets. Small- and medium-sized companies often have less predictable earnings, more limited product lines, markets, distribution channels or financial resources and the management of such companies may be dependent upon one or few key people.

Because the Funds are "non-diversified," it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund. As a result, a decline in the value of an investment in a single issuer or a smaller number of issuers. Fixed-income securities that are rated below investment grade (i.e., "junk bonds") are subject to additional risk factors due to the speculative nature of these securities, such as increased possibility of default liquidation of the security, and changes in value based on public perception of the issuer.

Municipal securities rely on the creditworthiness or revenue production of their issuers or auxiliary credit enhancement features. Asset-backed securities are subject to certain risks including prepayment and call risks. In addition to the general risks associated with fixed-income securities as described above, the structure of certain mortgage-backed securities may make their reaction to interest rates and other factors difficult to predict, which may cause their prices to be more volatile than other fixed-income securities.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF's ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.

The Scharf ETFs are distributed by Quasar Distributors, LLC.

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SOURCE Scharf Investments