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GKAT

GradeBNASDAQ Global Select

Scharf Global Opportunity ETF

Active Equity · Scharf · Inception 2014-10-14

$44.74−0.38 (−0.85%)

As of Sep 23, 2026, 12:38 PM EDT

History starts Aug 25, 2025.
Intraday session: down, 6 prints from 45.12 to 44.74. Range 44.74 to 44.96. Use the arrow keys to read each point.$44.80$44.85$44.90$44.9510 AM12 PM2 PM4 PM
Expense ratio
0.59%
Fund size
$167M
1Y return
+14.3%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$45.00
52W range
low $38.31high $46.37

The ETF.net GKAT Grade

B

59/ 100

Rank 6 of 15 in Global Active Value⁠

Confidence Medium

Six-pillar profile for GKAT. Scores out of 100: Cost 86, Risk 58, Mission not scored, Tradability 25, Holdings 32, Durability 66. Strongest: Cost (86). Weakest: Tradability (25). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 86
    Category rank3/15 · top 20%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 58
    Category rank5/13 · top 38%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 25
    Category rank12/15 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 32
    Category rank11/13 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 66
    Category rank7/15 · top 47%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 20, 2026, 9:33 AM
Asset class
Stocks
Holdings
—
Top-10 weight
47%
Largest holding
MSFT6.1%

Geography

  • United States71.26%
  • Canada7.81%
  • Korea (the Republic of)6.92%
  • United Kingdom6.77%
  • Uruguay3.41%
  • Germany2.15%
  • Ireland1.67%

Developed 64% · Emerging 36% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MSFTMicrosoft Corp6.11%20,350$10M792
002OXYOccidental Petroleum Corp6.09%170,399$10M314
003AMZNAmazon.com Inc5.76%38,055$10M720
004METAMeta Platforms Inc5.13%12,472$9M683
005FNVFranco-Nevada Corp4.15%25,807$7M37
006AAgilent Technologies Inc4.05%42,929$7M311
007ADBEAdobe Inc4.04%26,521$7M475
008DISWalt Disney Co/The4.03%63,462$7M379
009UNPUnion Pacific Corp4.00%23,500$7M401
010CNCCentene Corp3.90%96,408$6M320
011MCDMcDonald's Corp3.88%25,911$6M386
012SCHWCharles Schwab Corp/The3.76%59,555$6M385
013SMSD.ILSAMSUNG ELECTRONIC3.72%1,709$6M2
014BNBrookfield Corp3.36%149,942$6M42
015MELIMercadoLibre Inc3.28%2,979$5M225

Showing 1–15 of 35 holdings

GKAT Performance

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

GKAT$11,432
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. GKAT $11,432. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+10.7%
1 month−2.2%
3 months+4.0%
1 year+14.3%
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per 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+10.7%
2025+6.0%

History from Aug 25, 2025

GKAT in the news

ETF.net Research hasn’t filed on GKAT yet — coverage lands here as it’s written.

GKAT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.09 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. 3 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.10; Mar 30, 2026 $0.10; Jun 29, 2026 $0.09. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
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.
13.5%
Annualised · 12 months to Aug 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.
1.13
vs 3-month T-bills · 12 months to Aug 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%
12 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.