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 are sold when they no longer offer attractive upside or fail to meet valuation and growth criteria. On Aug. 25, 2025, KAT converted from a mutual fund into an ETF structure, starting with $406.69 million in assets.

資産クラス

Equity

運用会社

Scharf

設定国

US

設定日

2016年1月27日

保有銘柄数

38

ISIN

US00770X2201