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Launched

Scharf Global Opportunity ETF

GKATNasdaqB

$44.86+0.03 (+0.06%)

At close: Oct 13, 2026, 4:00 PM

B63/ 100

Rank 4 of 15 in Global Active Value

B63/100Rank 4 of 15inGlobal Active Value
Intraday session: up, 10 prints from 44.84 to 44.86. Range 44.78 to 45.04. Use the arrow keys to read each point.44.8044.9044.9545.0045.0510 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$166M
1Y total return
+13.9%
Yield · Last 12 months
Data unavailable
Holdings
34
Avg volume · 30D
0M sh
NAV per share
$44.78
52W range
low $38.31high $46.37
Launched

The ETF.net GKAT Grade

Based on 5 of 6 pillars

B

Score 63 out of 100

Category
Global Active Value⁠
Rank
4 of 15
Six-pillar profile for GKAT. Scores out of 100: Cost 86, Risk 57, Mission not scored, Tradability 46, Holdings 32, Durability 65. Strongest: Cost (86). Weakest: Holdings (32). Based on 5 of 6 pillars.

Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A86 out of 100
    Rank 3 of 15

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 6 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 10 of 15

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D32 out of 100
    Rank 13 of 14

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B65 out of 100
    Rank 7 of 15

Our read on GKAT

ETF.net Research

BA boutique stock picker's global book in ETF form. Scharf buys companies it believes offer more long-term upside than downside risk, and the mandate keeps at least 40% of assets outside the US. Launched 2025, priced at 0.59% a year.

Stated mandate

The fund seeks long-term capital appreciation by investing mainly in U.S. and non-U.S. equities that the Adviser believes offer substantially more long-term appreciation potential than downside risk. It normally invests at least 40% of assets in non-U.S. securities.

Why people hold it

  1. 01At 0.59% a year, it charges less than the median active global equity fund, so the stock picking starts from a lower fee hurdle.
  2. 02The global mandate is written down, not aspirational: normally at least 40% of assets in non-US securities, so it can't quietly drift into a US-only portfolio.
  3. 03Doesn't pick a style lane. The adviser screens on both growth and value traits, judging each name on appreciation potential against downside risk.

Worth knowing

  1. 01Small and thinly traded, so spreads tend to be wider than in a mega-fund and getting in or out is less frictionless.
  2. 02It launched in 2025, so there's no long live ETF record to judge how the strategy behaves across a full market cycle.
  3. 03Active pricing sets a higher bar: broad index-built global rivals such as GSWO and AVGE charge a fraction of this fund's fee.

GKAT Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
34
Top-10 weight
49%
Largest holding
MSFT6.3%

Geography

  • United States68.22%
  • United Kingdom9.49%
  • Canada8.73%
  • Korea (the Republic of)6.14%
  • Uruguay3.76%
  • Germany2.13%
  • Ireland1.53%

Developed 69% · Emerging 31% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MSFTMicrosoft Corp6.31%19,654$11M815
002OXYOccidental Petroleum Corp6.18%171,319$10M318
003AMZNAmazon.com Inc6.03%38,259$10M736
004METAMeta Platforms Inc5.41%12,538$9M704
005BNBrookfield Corp4.43%198,877$7M41
006CPG.LCompass Group PLC4.14%221,011$7M125
007DISWalt Disney Co/The4.14%63,804$7M371
008FNVFranco-Nevada Corp4.06%27,645$7M36
009UNPUnion Pacific Corp3.95%23,626$7M406
010ADBEAdobe Inc3.88%26,663$6M475
011MCDMcDonald's Corp3.68%26,051$6M386
012MELIMercadoLibre Inc3.66%3,229$6M222
013SMSD.ILSamsung Electronic3.63%1,717$6M2
014SCHWCharles Schwab Corp/The3.48%59,875$6M393
015ZTSZoetis Inc3.14%69,950$5M341

Showing 1–15 of 34 holdings

GKAT Performance

Launched Oct 14, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
GKAT$11,394
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. GKAT $11,394. SPY $12,044. Use the arrow keys to read each point.$9,457$10,854$12,252Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for GKAT. Periods over one year show the average yearly return.
PeriodGKAT
Year to date+10.2%
1 month−0.8%
3 months+1.9%
1 year+13.9%
3 yearsHistory unavailableper year—
5 yearsHistory unavailableper year—
10 yearsHistory unavailableper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GKAT
YearReturn barGKAT
2026 YTD+10.2%
2025+6.0%

History from Aug 25, 2025

GKAT in the news

Filtered to GKAT · Global Active Value

GKAT Dividends

Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.10; Mar 30, 2026 $0.10; Jun 29, 2026 $0.09; Sep 29, 2026 $0.04. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.04
Jun 29, 2026Jun 30, 2026$0.09
Mar 30, 2026Mar 31, 2026$0.10
Dec 30, 2025Dec 31, 2025$0.10

GKAT Risk

How much the fund’s monthly returns vary, scaled to a year.
14.4%
Annualised · 13 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.64
vs 3-month T-bills · 13 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−10.4%
13 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.84
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

GKAT Cost

Expense ratio0.59%
  • The middle half of Global Active Value funds
  • Median 0.85%

2 of the 15 Global Active Value funds charge less.

GKAT costs $59.00 a year on $10,000. The median Global Active Value fund costs $85.00.

Other funds in Global Active Value

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