Materials
For more information about the Scharf Fund, call 1-866-5SCHARF (1-866-572-4273) or email us at info@scharffunds.com.
Scharf Investments, LLC
5619 Scotts Valley Drive, Suite 140
Scotts Valley, CA 95066
Phone: 831-429-6513
Process
Through a proprietary screening process, the Adviser seeks to identify investments with low valuations combined with growing earnings, cash flow and/or book value which the Adviser describes as "growth stocks at value prices." The Adviser regularly screens for stocks that satisfy its criteria. Generally only a small fraction of the stocks screened meet the Adviser's criteria and qualify for further fundamental research. Such research consists of qualitative confirmation of the potential identified by the screen. This may include examination of a company's annual reports and other shareholder materials as well as contacting the company's management. Out of the stocks that qualify, the Adviser generally chooses approximately 25 – 35 individual securities.
Please see the Fund's prospectus for a more complete disclosure of the Fund's investment guidelines.
Before you invest in the Scharf Fund, please refer to the prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may obtain a hard copy of the prospectus by calling 1-866-5SCHARF (1-866-572-4273). The prospectus should be read and considered carefully before you invest or send money.
The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Mutual fund investing involves risk. Principal loss is possible. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to volatility than a diversified fund. The Fund may invest in securities representing equity or debt. These securities may be issued by small- and medium-sized companies, which involve additional risks such as limited liquidity and greater volatility. The Fund may invest in foreign securities which involve greater volatility; political, economic and currency risks; and differences in accounting methods. The Fund may invest in ETFs or mutual funds, the risks of owning either generally reflecting the risks of owning the underlying securities held by the ETF or mutual fund. The Fund follows an investment style that favors relatively low valuations. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment in lower-rated, non-rated and distressed securities presents a greater risk of loss to principal and interest than higher-rated securities.
Book value is the net asset value of a company, calculated by subtracting total liabilities from total assets.
The Scharf Fund is distributed by Quasar Distributors, LLC
