Continue to site >
Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Scharf Fund

LOGIX | Fund

$53.38

$421 M

0.76%

$0.40

0.98%

Vitals

YTD Return

6.5%

1 yr return

23.7%

3 Yr Avg Return

8.7%

5 Yr Avg Return

11.9%

Net Assets

$421 M

Holdings in Top 10

49.5%

52 WEEK LOW AND HIGH

$52.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.98%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 29.21%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Scharf Fund

LOGIX | Fund

$53.38

$421 M

0.76%

$0.40

0.98%

LOGIX - Profile

Distributions

  • YTD Total Return 6.5%
  • 3 Yr Annualized Total Return 8.7%
  • 5 Yr Annualized Total Return 11.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Scharf Fund
  • Fund Family Name
    Scharf Investments
  • Inception Date
    Dec 30, 2011
  • Shares Outstanding
    6607850
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Krawez

Fund Description

Under normal market conditions, the Scharf 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 companies of all size market capitalizations, rights and warrants. The Fund may invest up to 50% of its total assets in securities of foreign issuers listed on foreign exchanges (excluding depositary receipts), including up to 25% of its total assets in issuers in emerging markets. The Fund may invest without limit in depositary receipts, such as American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs”). The Fund may also invest up to 30% of its total assets in non-money market investment companies, including exchange-traded funds (“ETFs”). The Fund may also invest in Rule 144A securities.
In general, the Adviser utilizes five key elements in its equity investment philosophy: low valuation, discount to fair value, investment flexibility, focus and long-term perspective. Through a proprietary screening process, the Adviser seeks to identify investments with low valuations combined with growing earnings, cash flow and/or book value. The Scharf Fund may also invest in “special situations,” which may occur when the securities of a company are affected by circumstances, including, but not limited to, hidden assets (i.e., assets that may be undervalued on a company’s balance sheet or otherwise difficult to value and therefore not properly reflected in the company’s share price), spinoffs, liquidations, reorganizations, recapitalizations, mergers, management changes and technological changes.
In addition, the Scharf Fund may invest up to 30% of its total assets in fixed-income securities. Fixed-income securities in which the Fund may invest include, but are not limited to, those of domestic and foreign governments, government agencies, inflation-protected securities, asset-backed securities, exchange-traded notes (“ETNs”), money market instruments, convertible securities, bank debt, limited partnerships, municipalities and companies across a wide range of industries, market capitalizations and maturities and may include those that are rated below investment grade (i.e., “junk bonds”). The types of asset-backed securities in which the Fund may invest include mortgage-backed securities.
As part of its research process, the Adviser may consider how environmental, social and governance (“ESG”) issues affect a company’s long-term outlook, in terms of opportunities and/or risks for the business and whether such ESG factors have the potential to influence future stock performance, but such factors are not determinative (i.e. they would not lead the Adviser to buy or sell a security without consideration of other factors in the investment process).
The Scharf Fund may invest up to 100% of its net assets in cash, cash equivalents, and high-quality, short-term debt securities, money market mutual funds and money market instruments due to a lack of suitable investment opportunities or for temporary defensive purposes.
When selling securities, the Adviser considers the same factors it uses in evaluating a security for purchase and generally sells securities that it believes no longer have sufficient upside potential.
Read More

LOGIX - Performance

Return Ranking - Trailing

Period LOGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% -4.5% 22.2% 79.88%
1 Yr 23.7% -5.0% 42.6% 41.80%
3 Yr 8.7%* -2.6% 31.5% 45.49%
5 Yr 11.9%* -0.1% 44.3% 26.41%
10 Yr 9.7%* 1.3% 24.9% 24.28%

* Annualized

Return Ranking - Calendar

Period LOGIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.9% -24.9% 46.1% 41.58%
2022 -14.0% -65.1% 4.6% 66.87%
2021 10.3% -44.2% 57.5% 73.93%
2020 8.9% -23.2% 285.0% 5.95%
2019 15.6% -21.4% 48.5% 75.67%

Total Return Ranking - Trailing

Period LOGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.5% -4.5% 22.2% 79.88%
1 Yr 23.7% -5.0% 42.6% 41.80%
3 Yr 8.7%* -2.6% 31.5% 45.49%
5 Yr 11.9%* -0.1% 44.3% 26.41%
10 Yr 9.7%* 1.3% 24.9% 24.28%

* Annualized

Total Return Ranking - Calendar

Period LOGIX Return Category Return Low Category Return High Rank in Category (%)
2023 16.7% -15.9% 46.7% 16.67%
2022 -9.5% -42.0% 8.5% 81.01%
2021 21.5% 3.6% 129.7% 88.56%
2020 13.0% -22.6% 304.8% 5.76%
2019 25.5% -12.7% 52.1% 50.48%

NAV & Total Return History


LOGIX - Holdings

Concentration Analysis

LOGIX Category Low Category High LOGIX % Rank
Net Assets 421 M 93 163 B 64.33%
Number of Holdings 29 2 1689 96.14%
Net Assets in Top 10 203 M 420 K 33.9 B 52.23%
Weighting of Top 10 49.52% 5.6% 99.9% 5.07%

Top 10 Holdings

  1. McKesson Corp 6.16%
  2. Comcast Corp 6.01%
  3. Berkshire Hathaway Inc 5.47%
  4. Fiserv Inc 4.87%
  5. Brookfield Corp 4.71%
  6. Microsoft Corp 4.70%
  7. Heineken NV 4.51%
  8. Markel Group Inc 4.45%
  9. Centene Corp 4.45%
  10. CVS Health Corp 4.19%

Asset Allocation

Weighting Return Low Return High LOGIX % Rank
Stocks
95.38% 1.86% 108.42% 85.93%
Preferred Stocks
2.97% 0.00% 13.88% 1.97%
Cash
1.65% -0.79% 38.18% 42.37%
Other
0.00% -3.53% 39.72% 87.82%
Convertible Bonds
0.00% 0.00% 3.66% 90.71%
Bonds
0.00% -0.71% 73.23% 91.17%

Stock Sector Breakdown

Weighting Return Low Return High LOGIX % Rank
Healthcare
26.69% 0.00% 30.08% 1.73%
Technology
22.17% 0.00% 54.02% 4.66%
Financial Services
12.81% 0.00% 58.05% 91.80%
Industrials
10.19% 0.00% 42.76% 65.11%
Communication Services
8.96% 0.00% 26.58% 8.81%
Consumer Cyclical
8.53% 0.00% 22.74% 18.57%
Consumer Defense
6.58% 0.00% 34.10% 75.65%
Energy
4.07% 0.00% 54.00% 85.23%
Utilities
0.00% 0.00% 27.04% 99.40%
Real Estate
0.00% 0.00% 90.54% 98.96%
Basic Materials
0.00% 0.00% 21.69% 98.70%

Stock Geographic Breakdown

Weighting Return Low Return High LOGIX % Rank
US
85.99% 1.86% 108.42% 93.22%
Non US
9.39% 0.00% 27.89% 4.80%

LOGIX - Expenses

Operational Fees

LOGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.01% 17.54% 46.35%
Management Fee 0.78% 0.00% 1.50% 90.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 68.51%

Sales Fees

LOGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

LOGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 40.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LOGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.21% 0.00% 488.00% 41.84%

LOGIX - Distributions

Dividend Yield Analysis

LOGIX Category Low Category High LOGIX % Rank
Dividend Yield 0.76% 0.00% 36.55% 8.55%

Dividend Distribution Analysis

LOGIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Semi-Annually

Net Income Ratio Analysis

LOGIX Category Low Category High LOGIX % Rank
Net Income Ratio 0.74% -1.51% 4.28% 80.60%

Capital Gain Distribution Analysis

LOGIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

LOGIX - Fund Manager Analysis

Managers

Brian Krawez


Start Date

Tenure

Tenure Rank

Dec 30, 2011

10.42

10.4%

Mr. Krawez began his career more than 20 years ago with Smith Barney in San Francisco and later moved to their investment banking division in New York City where he was ranked as a top-rated analyst focusing on health care. Prior to joining Scharf Investments, Mr. Krawez was a Partner and head of research for Belden and Associates Investment Counsel where he managed a successful large blend portfolio. He has also held research analyst positions at Dodge & Cox, Telegraph Hill Investment Counsel, and SC Fundamental, a successful value oriented hedge fund. Mr. Krawez earned both a BS with honors in Business Administration and an MBA from the Haas School of Business at the University of California, Berkeley. While at UC Berkeley he worked for Professor Yellen, the current Chair of the Board of Governors of the Federal Reserve. Mr. Krawez is a CFA® charterholder and a member of the Security Analysts of San Francisco.

Eric Lynch


Start Date

Tenure

Tenure Rank

Dec 30, 2011

10.42

10.4%

Eric Lynch is Managing Director and an investment committee member. He manages the firm's institutional investment team and handles new business development. He holds responsibility for new idea generation, research, analysis and valuation. Prior to joining Scharf Investments, Mr. Lynch contributed research to Scharf Investments while he ran his own registered investment advisory firm, Lynch Capital Management, LLC. Prior to founding Lynch Capital Management, he was Co-Chief Operating Officer, Research Analyst and Portfolio Manager at Polen Capital Management, a top-performing money manager. As Co-Chief Operating Officer, he led the firm’s institutional channel. Prior to his investment career, Mr. Lynch spent several years as a management consultant to Fortune 500 companies with Accenture and Price Waterhouse-Japan. He graduated Magna Cum Laude from John Carroll University with a Bachelor of Arts degree in Economics and a Concentration in Japanese. Mr. Lynch earned his Master of Business Administration degree from the University of North Carolina at Chapel Hill.

Gabe Houston


Start Date

Tenure

Tenure Rank

Dec 30, 2011

10.42

10.4%

Gabe Houston serves as a Senior Research Analyst and an investment committee member. He is responsible for new idea generation, research, analysis and valuation. Mr. Houston joined Scharf Investments in May 2006. Mr. Houston earned a Bachelor of Arts degree in Business Management Economics from the University of California, Santa Cruz. Mr. Houston has earned his Chartered Financial Analyst designation and is a member of the CFA Society of San Francisco.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.01 16.42