Scharf ETF (KAT)

KAT primarily holds 25 to 35 mid- and large-cap stocks globally with strong long-term appreciation potential and limited downside risk. The strategy seeks securities with low valuations combined with growing earnings, cash flow, and/or book value by utilizing five key principles. These include low valuation, discount to fair value, investment flexibility, focus, and a long-term outlook. The fund may allocate as much as 50% of its assets to foreign markets, with up to 25% to emerging markets. Investments include common and preferred stocks, rights, warrants, special situations, ADRs, EDRs, and GDRs. Up to 30% of assets may be invested in fixed-income securities and ETFs. It may also fully shift into cash or short-term instruments for liquidity or defensive purposes. Securities…