GKAT vs SFGV

GKATBScharf Global Opportunity ETF

SFGVASequoia Global Value ETF

In short

GKAT A 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.

SFGV A wealth manager's global value model in ETF clothing: SFGV hunts profitable companies with cheap cash flows and a habit of paying shareholders back, at 0.33% net of a waiver through March 31, 2027, below most global value rivals.

Stated mandate

GKAT 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.

SFGV The Fund seeks long-term growth of capital.

Why people hold it

• GKAT At 0.59% a year, it charges less than the median active global equity fund, so the stock picking starts from a lower fee hurdle.
• The 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.
• Doesn't pick a style lane. The adviser screens on both growth and value traits, judging each name on appreciation potential against downside risk.

• SFGV Value here means cash, not book value: the US sleeve starts with roughly the 3,000 largest American companies, then ranks them on shareholder yield and free cash flow yield.etfarchitect.com
• 0.33% net of a waiver through March 31, 2027 (0.38% gross), below the category median and under peers like FEGE at 0.50% net of a waiver through December 31, 2026, and GKAT at 0.59%.
• One ticket spans US, developed-international and emerging-market stocks across large, mid and small caps, held through individual names plus ETFs. Pays quarterly.etfarchitect.com
• Trading since January 2024 and already a billion-dollar-plus fund, it sits in the upper tier of its global value peer group.

Worth knowing

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

• SFGV It trades thinly, so spreads can be wider than on the big index names. That cost sits outside the expense ratio.
• Part of the portfolio is held through other ETFs, whose own expenses stack on top of this fund's fee.etfarchitect.com
• The name is younger than the fund: it traded as CCM Global Equity ETF until October 29, 2025, so part of the record predates the Sequoia label.etfarchitect.com

Full GKAT profile⁠

Full SFGV profile⁠