<p>Scharf 将旗舰共同基金转换为 ETF，延续公司超过 40 年的价值投资记录</p>
<p>, /PRNewswire/ -- Scharf ETF（代码：KAT）和 Scharf 全球机会 ETF（代码：GKAT）于昨日在纳斯达克交易。KAT 以约 7.7 亿美元的资产首发，成为 2025 年最大的主动型国内股票 ETF，而 GKAT 以约 1.2 亿美元的资产启动，使得成立时的总资产约为 8.9 亿美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2758264/Scharf_Investments_Logo.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2758264/Scharf_Investments_Logo.jpg"/></p>
<p>“我们对这两只 ETF 的强劲投资者需求感到非常兴奋，” 首席运营官 Jason Marcus 表示。“以这样的规模推出，展示了市场对我们价值驱动策略的即时认可，能够为当今以增长为主的投资组合提供风险意识的替代方案。”</p>
<p>KAT 和 GKAT 将 Scharf 的旗舰共同基金策略转变为 ETF，提供机构规模的价值投资，同时享有税收效率、透明度和日内流动性的优势。Scharf 的声誉并非通过追随增长趋势而来，而是通过专注于资本保值和长期复利的严谨价值投资建立的。</p>
<p>“如果投资者愿意在正确的地方寻找，他们不必支付天文数字的价格来拥有强大的企业，” 总裁兼首席投资经理 Brian Krawez 表示。“在大型成长股市场集中度创纪录的情况下，KAT 和 GKAT 为投资者提供了不同的选择：一种由 Scharf 超过 40 年历史支持的严谨价值方法。”</p>
<p>有关更多信息，请访问 www.scharfetfs.com。</p>
<p><strong>关于 Scharf Investments：</strong> 成立于 1983 年，总部位于加利福尼亚州洛斯加托斯，Scharf Investments 是一家独立投资公司，拥有超过四十年的强劲风险调整回报记录。其质量价值方法专注于以有意义的折扣投资于高质量公司，强调资本保值和在市场周期中的持续表现。</p>
<p><strong>媒体联系：</strong></p>
<p>Barry Schwartz</p>
<p>917-836-8142</p>
<p>barry@schwartzpr.com</p>
<p><strong><em>投资者在投资前应仔细考虑投资目标、风险、费用和支出。有关基金的招募说明书或摘要招募说明书及其他信息，请致电 800-617-0004 或访问我们的网站 www.scharfetfs.com。在投资前请仔细阅读招募说明书。</em></strong></p>
<p>投资涉及风险。可能会发生本金损失。顾问可能会使用专有模型来识别、评估和选择基金的证券，并对投资组合进行加权。这些模型通常使用技术和软件，并依赖于内部开发的数据以及第三方数据。投资于外币和外国发行人面临额外风险，包括政治和经济风险、更大的波动性、内战和战争、美国或其他政府的制裁或其他措施、流动性风险、货币波动、更高的交易成本、结算延迟、可能的外资投资控制、征用和国有化风险，以及外国市场较低的投资者保护和信息披露标准。小型和中型公司通常收益不易预测，产品线、市场、分销渠道或财务资源有限，且这些公司的管理可能依赖于一位或几位关键人员。</p>
<p>由于基金是 “非多元化” 的，它可能会将更大比例的资产投资于单一发行人或较少数发行人的证券，而不是如果它是多元化基金的情况。因此，单一发行人或较少数发行人的投资价值下降可能会导致更大的影响。评级低于投资级别的固定收益证券（即 “垃圾债券”）由于这些证券的投机性质，面临额外风险因素，例如违约清算的可能性增加，以及基于公众对发行人的看法而导致的价值变化。</p>
<p>市政证券依赖于其发行人的信用 worthiness 或收入生产能力或辅助信用增强特征。资产支持证券面临某些风险，包括提前还款和赎回风险。除了上述固定收益证券的一般风险外，某些抵押贷款支持证券的结构可能使其对利率和其他因素的反应难以预测，这可能导致其价格比其他固定收益证券更为波动。</p>
<p>ETF 面临额外的风险，这些风险不适用于传统共同基金，包括 ETF 股份的市场价格可能以溢价或折价交易于其净资产价值，活跃的二级交易市场可能不会发展或维持，或交易可能会被交易所暂停，这可能影响 ETF 出售其股份的能力。任何 ETF 的股份都是以市场价格（而非净资产价值）买卖的，且不能单独从 ETF 赎回。经纪佣金将减少回报。</p>
<p>Scharf ETFs 由 Quasar Distributors, LLC 分销。</p>
<p>来源：Scharf Investments</p>

GKAT

<p>Scharf ETF (KAT) 和 Scharf Global Opportunity ETF (GKAT) 在纳斯达克上市，总资产约为 8.9 亿美元，标志着 2025 年最大规模的主动型国内股票 ETF 上市。KAT 首次发行时为 7.7 亿美元，而 GKAT 为 1.2 亿美元。这些 ETF 将 Scharf 的共同基金策略转化为税收高效、透明的投资选项，专注于有纪律的价值投资。Scharf Investments 成立于 1983 年，强调资本保值和长期业绩。建议投资者在投资前考虑风险并咨询招募说明书</p>

<p>Scharf Converts Flagship Mutual Funds into ETFs, Extending Firm's Over 40-Year Track Record of Value Investing</p>
<div class="lb-trans"><p>Scharf 将旗舰共同基金转换为 ETF，延续公司超过 40 年的价值投资记录</p>
</div><p>, /PRNewswire/ -- Scharf ETF (Ticker: KAT) and the Scharf Global Opportunity ETF (Ticker: GKAT), began trading yesterday on NASDAQ. KAT debuted with approximately $770 million in assets, making it the largest active domestic equity ETF launch of 2025, while GKAT launched with approximately $120 million, bringing total assets at inception to approximately $890 million.</p>
<div class="lb-trans"><p>, /PRNewswire/ -- Scharf ETF（代码：KAT）和 Scharf 全球机会 ETF（代码：GKAT）于昨日在纳斯达克交易。KAT 以约 7.7 亿美元的资产首发，成为 2025 年最大的主动型国内股票 ETF，而 GKAT 以约 1.2 亿美元的资产启动，使得成立时的总资产约为 8.9 亿美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2758264/Scharf_Investments_Logo.jpg" alt="" original-src="https://mma.prnewswire.com/media/2758264/Scharf_Investments_Logo.jpg"/></p>
<p>&#34;We are thrilled with the strong investor demand for both ETFs,&#34; said Jason Marcus, Chief Operating Officer. &#34;Launching with this scale showcases immediate market recognition of our value-driven strategies ability to deliver risk-aware alternatives to the growth-heavy exposures dominating portfolios today.&#34;</p>
<div class="lb-trans"><p>“我们对这两只 ETF 的强劲投资者需求感到非常兴奋，” 首席运营官 Jason Marcus 表示。“以这样的规模推出，展示了市场对我们价值驱动策略的即时认可，能够为当今以增长为主的投资组合提供风险意识的替代方案。”</p>
</div><p>KAT and GKAT transform Scharf's flagship mutual fund strategies into ETFs, offering institutional-scale value investing along with the benefits of tax efficiency, transparency, and intraday liquidity. Scharf has earned its reputation not by following growth trends, but through disciplined value investing focused on capital preservation and long-term compounding.</p>
<div class="lb-trans"><p>KAT 和 GKAT 将 Scharf 的旗舰共同基金策略转变为 ETF，提供机构规模的价值投资，同时享有税收效率、透明度和日内流动性的优势。Scharf 的声誉并非通过追随增长趋势而来，而是通过专注于资本保值和长期复利的严谨价值投资建立的。</p>
</div><p>&#34;Investors do not have to pay astronomical prices to own strong businesses if they are willing to look in the right places,&#34; said Brian Krawez, President and Lead Portfolio Manager. &#34;With record market concentration in mega-cap growth stocks, KAT and GKAT offer investors something different: a disciplined value approach supported by Scharf's more than 40-year history.&#34;</p>
<div class="lb-trans"><p>“如果投资者愿意在正确的地方寻找，他们不必支付天文数字的价格来拥有强大的企业，” 总裁兼首席投资经理 Brian Krawez 表示。“在大型成长股市场集中度创纪录的情况下，KAT 和 GKAT 为投资者提供了不同的选择：一种由 Scharf 超过 40 年历史支持的严谨价值方法。”</p>
</div><p>For more information, visit www.scharfetfs.com.</p>
<div class="lb-trans"><p>有关更多信息，请访问 www.scharfetfs.com。</p>
</div><p><strong>About Scharf Investments:</strong> Founded in 1983 and headquartered in Los Gatos, California, Scharf Investments is an independent investment firm with more than four decades of delivering strong risk-adjusted returns. Its Quality Value approach focuses on investing in high-quality companies at meaningful discounts, emphasizing capital preservation and consistent performance across market cycles.</p>
<div class="lb-trans"><p><strong>关于 Scharf Investments：</strong> 成立于 1983 年，总部位于加利福尼亚州洛斯加托斯，Scharf Investments 是一家独立投资公司，拥有超过四十年的强劲风险调整回报记录。其质量价值方法专注于以有意义的折扣投资于高质量公司，强调资本保值和在市场周期中的持续表现。</p>
</div><p><strong>Media Contact:</strong></p>
<div class="lb-trans"><p><strong>媒体联系：</strong></p>
</div><p>Barry Schwartz</p>
<div class="lb-trans"><p>Barry Schwartz</p>
</div><p>917-836-8142</p>
<div class="lb-trans"><p>917-836-8142</p>
</div><p>barry@schwartzpr.com</p>
<div class="lb-trans"><p>barry@schwartzpr.com</p>
</div><p><strong><em>Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call 800-617-0004 or visit our website at www.scharfetfs.com. Read the prospectus carefully before investing.</em></strong></p>
<div class="lb-trans"><p><strong><em>投资者在投资前应仔细考虑投资目标、风险、费用和支出。有关基金的招募说明书或摘要招募说明书及其他信息，请致电 800-617-0004 或访问我们的网站 www.scharfetfs.com。在投资前请仔细阅读招募说明书。</em></strong></p>
</div><p>Investing involves risk. Principal loss is possible. The Adviser may use proprietary models in identifying, evaluating and selecting securities for the Funds, and to weight the portfolio. These models generally use technology and software and rely on both internally developed data as well as third-party data. Investments in foreign currencies and foreign issuers are subject to additional risks, including political and economic risks, greater volatility, civil conflicts and war, sanctions or other measures by the United States or other governments, liquidity risks, currency fluctuations, higher transaction costs, delayed settlement, possible foreign controls on investment, expropriation and nationalization risks, and less stringent investor protection and disclosure standards of foreign markets. Small- and medium-sized companies often have less predictable earnings, more limited product lines, markets, distribution channels or financial resources and the management of such companies may be dependent upon one or few key people.</p>
<div class="lb-trans"><p>投资涉及风险。可能会发生本金损失。顾问可能会使用专有模型来识别、评估和选择基金的证券，并对投资组合进行加权。这些模型通常使用技术和软件，并依赖于内部开发的数据以及第三方数据。投资于外币和外国发行人面临额外风险，包括政治和经济风险、更大的波动性、内战和战争、美国或其他政府的制裁或其他措施、流动性风险、货币波动、更高的交易成本、结算延迟、可能的外资投资控制、征用和国有化风险，以及外国市场较低的投资者保护和信息披露标准。小型和中型公司通常收益不易预测，产品线、市场、分销渠道或财务资源有限，且这些公司的管理可能依赖于一位或几位关键人员。</p>
</div><p>Because the Funds are &#34;non-diversified,&#34; it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund. As a result, a decline in the value of an investment in a single issuer or a smaller number of issuers. Fixed-income securities that are rated below investment grade (i.e., &#34;junk bonds&#34;) are subject to additional risk factors due to the speculative nature of these securities, such as increased possibility of default liquidation of the security, and changes in value based on public perception of the issuer.</p>
<div class="lb-trans"><p>由于基金是 “非多元化” 的，它可能会将更大比例的资产投资于单一发行人或较少数发行人的证券，而不是如果它是多元化基金的情况。因此，单一发行人或较少数发行人的投资价值下降可能会导致更大的影响。评级低于投资级别的固定收益证券（即 “垃圾债券”）由于这些证券的投机性质，面临额外风险因素，例如违约清算的可能性增加，以及基于公众对发行人的看法而导致的价值变化。</p>
</div><p>Municipal securities rely on the creditworthiness or revenue production of their issuers or auxiliary credit enhancement features. Asset-backed securities are subject to certain risks including prepayment and call risks. In addition to the general risks associated with fixed-income securities as described above, the structure of certain mortgage-backed securities may make their reaction to interest rates and other factors difficult to predict, which may cause their prices to be more volatile than other fixed-income securities.</p>
<div class="lb-trans"><p>市政证券依赖于其发行人的信用 worthiness 或收入生产能力或辅助信用增强特征。资产支持证券面临某些风险，包括提前还款和赎回风险。除了上述固定收益证券的一般风险外，某些抵押贷款支持证券的结构可能使其对利率和其他因素的反应难以预测，这可能导致其价格比其他固定收益证券更为波动。</p>
</div><p>ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF's ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.</p>
<div class="lb-trans"><p>ETF 面临额外的风险，这些风险不适用于传统共同基金，包括 ETF 股份的市场价格可能以溢价或折价交易于其净资产价值，活跃的二级交易市场可能不会发展或维持，或交易可能会被交易所暂停，这可能影响 ETF 出售其股份的能力。任何 ETF 的股份都是以市场价格（而非净资产价值）买卖的，且不能单独从 ETF 赎回。经纪佣金将减少回报。</p>
</div><p>The Scharf ETFs are distributed by Quasar Distributors, LLC.</p>
<div class="lb-trans"><p>Scharf ETFs 由 Quasar Distributors, LLC 分销。</p>
</div><p>SOURCE Scharf Investments</p>
<div class="lb-trans"><p>来源：Scharf Investments</p>
</div>

KAT 和 GKAT 以约 8.9 亿美元的资金进入市场，这是 2025 年最大规模的主动股票 ETF 发行 | GKAT 股票新闻