Los Gatos, CA, September 29, 2022 – Scharf Investments announced today that the Scharf Global Opportunity Fund (Ticker: WRLDX) has been recognized as the #1 Global Large-Stock Value fund by U.S. News & World Report/Best Mutual Funds. The Fund was ranked first among 160 Global Large-Stock Value funds, as of August 31, 2022, based on the overall equal weightings of ratings from five data sources used by U.S. News – Morningstar, Lipper, Zacks, CFRA S&P, TheStreet.

“We are proud of the fact that the Fund ranked first among its category peers, which is a validation of our investment team’s hard work and commitment to our disciplined investment process,” said Brian Krawez, CFA, lead portfolio manager and president of Scharf Investments. “There are tremendous quality value opportunities to be found globally and we’re proud of the competitive risk-adjusted returns the Fund has delivered since inception.”

The Scharf Global Opportunity Fund (Ticker: WRLDX) is led by Mr. Krawez, a 25-plus-year industry veteran and lead portfolio manager of the Fund since its inception on October 14, 2014, and portfolio manager Gabe Houston, CFA. The Fund invests in high quality, enduring franchises priced at substantial discounts to fair value. The investment team seeks to identify companies in the U.S. and abroad (developed and emerging markets) with low valuations combined with consistent and sustainable earnings, cash flow and/or book value.

About Scharf Investments

Established in 1983, Scharf Investments is an independent and employee-controlled global asset and wealth management organization with a differentiated approach to quality value investing. Its time-tested investment process identifies high quality companies with sustainable earnings that may provide downside risk mitigation and outperform over the course of a market cycle. The firm provides investment solutions offering exposure to U.S. and global value, multi-asset, and alternative investment strategies to institutions, intermediaries, and individual investors.

The Scharf Funds are available by prospectus only. The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the Funds and may be obtained by calling (866) 5SCHARF, or by visiting www.scharffunds.com. Read carefully before investing.

Mutual fund investing involves risk. Principal loss is possible.

The Scharf Global Opportunity Fund is non-diversified, meaning the Fund may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to volatility than a diversified fund. Diversification does not assure a profit, nor does it protect against a loss in a declining market. 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. These risks are greater for emerging markets. The Fund may invest in exchange-traded fund (“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. Investment 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.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling (866) 5SCHARF. Please click here for standardized Fund performance and expenses.

Performance quoted by U.S. News may not be current.

Current U.S. News ranking and additional information can be found here https://money.usnews.com/funds/mutual-funds/global-large-stock-value/scharf-global-opportunity-fund/wrldx

The U.S. News Mutual Fund Score is produced using an equal weighting of the overall ratings provided by our data sources. Individual fund rating systems are normalized to a 100-point scale based on point totals assigned to individual scoring systems. For Morningstar’s and CFRA’s five-Star ranking and Zacks five-point scale, each star or point awarded would receive 20 points. In TheStreet.com’s A-to-E scale, a highly rated “A” fund would receive 100 points, while a low-rated “E” would receive 20 points. The five Lipper Leader categories are each worth a total of 20 points, giving 4 points to each 1-to-5 point scale assigned to each section of the Lipper rankings. The U.S. News score is calculated by dividing total points awarded according to the above system by the number of data sources (5). The combined U.S. News Mutual Fund Score ranks funds numerically based on this score. Funds with identical scores to one decimal place are awarded the same numerical ranking. Funds must be ranked by all five data sources to receive a U.S. News Mutual Fund Score. Lipper rankings are comprised of five unique measures (Total Return, Consistent Return, Preservation, Expense, and Tax Efficiency), each with a 1-to-5 score. While the U.S. News Mutual Fund Score combines all five equally weighted category scores to achieve its weighting in our score, Lipper intends its measures to be used as individual assessments of a fund’s ability to meet specific goals, rather than as a cumulative measure of fund quality. The U.S. News Mutual Fund Score groups funds by their Morningstar fund category. However, some systems use different categorizations when ranking funds. Please click here for more details.

Past performance is no guarantee of future results.

Scharf Investments, LLC is the adviser to the Scharf Funds, which are distributed by Quasar Distributors, LLC.