Scharf ETF (KAT) Stock Price, Quote, News & History | Benzinga

Under normal market conditions, the Fund primarily invests in equity securities that the Adviser believes have significantly more appreciation potential than downside risk over the long term. Equity securities in which the Fund may invest include, but are not limited to, common and preferred stock of mid- and large- capitalization companies, rights, and warrants. The Fund may invest up to 50 percent of its total assets in securities of foreign issuers listed on foreign exchanges (excluding depositary receipts), including up to 25 percent of its total assets in issuers in emerging markets. The Fund may invest without limit in depositary receipts, such as ADRs, EDRs and GDRs. The Fund may also invest up to 30 percent of its total assets in other investment companies, including ETFs. The Fund may also invest in Rule 144A securities.