ETF Evaluator:
Scharf Global Opportunity ETF ()
Follow This ETF
(as of Aug 25)
Best Performing in Global Large-Stock Value Over the Last Year
| 46.4% | Affinity World Leaders Equity ETF (WLDR) |
| 32.9% | SGI Enhanced Global Income ETF (GINX) |
| 30.1% | Altrius Global Dividend ETF (DIVD) |
| 28.7% | WisdomTree Global High Dividend ETF (DEW) |
| 28.3% | Pacer Global Cash Cows Dividend ETF (GCOW) |
Risk
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Risk
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ETF Details
Scharf Global Opportunity ETF Overview
Scharf Global Opportunity ETF (GKAT) is an actively managed International Equity Global Large-Stock Value exchange-traded fund (ETF). Scharf Investments launched the ETF in 2014.
The investment seeks long-term capital appreciation.
The fund primarily invests in U.S. and non-U.S. equity securities that the Adviser believes have significantly more appreciation potential than downside risk over the long term. Equity securities in which the fund may invest include, but are not limited to, common and preferred stock of companies of all size market capitalizations, rights and warrants. Under normal circumstances, the fund will invest at least 40% of its total assets in non-U.S. securities. During unusual market conditions, the fund will invest at least 30% of its total assets in non-U.S. securities.
About Scharf Global Opportunity ETF (GKAT)
There are 3 members of the management team with an average tenure of 8.18 years: Brian Krawez (2014), Charles Ragauss (2025) and Gabe Houston (2014). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Scharf Global Opportunity ETF has 45 securities in its portfolio. The top 10 holdings constitute 42.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Scharf Global Opportunity ETF is part of the Equity global asset class and is within the International Equity ETF group. Scharf Global Opportunity ETF has 43.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 53.4% There is 43.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Scharf Global Opportunity ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $163 million in total assets, which is below the $457 million average for the Global Large-Stock Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GKAT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Scharf Global Opportunity ETF expense ratio is average compared to funds in the Global Large-Stock Value category. Scharf Global Opportunity ETF has an expense ratio of 0.59%, which is 5% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Scharf Global Opportunity ETF has a portfolio turnover rate of 57%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 46% for the Global Large-Stock Value category.
Recently, in the month of July 2026, Scharf Global Opportunity ETF returned 2.5%, which earned it a grade of D, as the Global Large-Stock Value category had an average return of 3.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Scharf Global Opportunity ETF has a trailing yield of 0.65%, which is below the 2.34% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Scharf Global Opportunity ETF Grades
Year to date, the ETF has returned 8.8%, 5.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 17.7% over the past year (grade of F), 11.9% over the past three years (grade of F) and 6.6% per year over the past five years (grade of F) and 10.1% per year over the past 10 years (grade of A).
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GKAT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GKAT Return (NAV) | 2.5% | 3.4% | 17.7% | 11.9% | 6.6% | 10.1% |
| GKAT Return (Price) | 2.3% | 2.6% | 17.4% | 11.8% | 6.6% | 10.1% |
| NAV +/- Price Return | 0.209% | 0.805% | 0.287% | 0.091% | 0.052% | 0.027% |
| Global Large-Stock Value Avg | 3.4% | 5.5% | 27.3% | 17.0% | 11.0% | 8.6% |
| GKAT Grade (NAV) | D | F | F | F | F | A |
| +/- Category (NAV) | -0.9% | -2.1% | -9.6% | -5.2% | -4.3% | 1.5% |
| GKAT Tax-Cost Ratio | na | na | 0.3% | 0.6% | 1.0% | 1.2% |
GKAT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GKAT Return (NAV) | 8.8% | 17.1% | 6.1% | 14.8% | -11.7% | 16.5% | 11.9% | 28.8% | -3.0% | 18.4% | 6.0% |
| GKAT Return (Price) | 8.4% | 17.2% | 6.1% | 14.8% | -11.7% | 16.5% | 11.9% | 28.8% | -3.0% | 18.4% | 6.0% |
| NAV +/- Price Ret | -0.041% | 0.006% | 0.000% | 0.000% | 0.000% | 0.000% | 0.000% | 0.0% | 0.0% | 0.0% | 0.0% |
| Global Large-Stock Value Avg | 14.5% | 23.5% | 9.6% | 15.5% | -8.5% | 18.9% | 0.3% | 21.4% | -12.4% | 16.4% | 6.6% |
| GKAT Grade (NAV) | F | F | D | C | D | D | A | A | A | C | D |
| +/- Category | -5.7% | -6.5% | -3.5% | -0.7% | -3.2% | -2.4% | 11.6% | 7.4% | 9.4% | 2.0% | -0.7% |
| Risk Measures | |
| Beta: | 0.83 |
| R-Squared: | 69% |
| Standard Deviation: | 12.6% |
| Category Risk Index: | 1.02 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.03 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.7% |
| Total Assets: | $ 164 Mil |
| Share Class Assets: | $ 164 Mil |
| Turnover: | 57.2% |
| Expense Ratio: | 0.59% |
| Index Fund: | No |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 11.8 years | |||
| Average Tenure: 8.2 years | |||
| Managers (Year): Krawez Brian (2014), Houston Gabe (2014), Ragauss Charles (2025) | |||
Portfolio Composition (as of 10/31/25)
| # of Holdings: | 45 |
| % in Top 10 Holdings: | 42.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 43.9% |
Portfolio Allocation |
|
| Domestic Stock: | 53.4% |
| Foreign Stock: | 43.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 2.1% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Scharf Investments |
| Phone Number: | 800-617-0004 |
| Website: | www.scharffunds.com |
| Inception Date: | October 14, 2014 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.62% |
