Pabrai Wagons Institutional (WGNIX)
| Fund Assets | 120.84M |
| Expense Ratio | 1.00% |
| Min. Investment | $250,000 |
| Turnover | 69.25% |
| Dividend (ttm) | 0.08 |
| Dividend Yield | 0.58% |
| Dividend Growth | -46.06% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 8, 2025 |
| Previous Close | 13.46 |
| YTD Return | 12.45% |
| 1-Year Return | 18.32% |
| 5-Year Return | n/a |
| 52-Week Low | 8.64 |
| 52-Week High | 13.74 |
| Beta (5Y) | 1.29 |
| Holdings | 18 |
| Inception Date | Sep 29, 2023 |
About WGNIX
Pabrai Wagons Fund Institutional Class is a non-diversified mutual fund focused on long-term capital appreciation through concentrated investments in global equity markets. Managed by Dhandho Funds and launched in September 2023, the fund typically holds a compact portfolio—targeting 15 to 25 businesses—emphasizing "high-conviction," durable companies with strong reinvestment potential and capable management. The strategy, inspired by the concept of “circling the wagons,” centers on retaining top holdings for extended periods to maximize compounding, while avoiding overpayment for quality businesses. The fund invests across industries and geographies, with allocations in both domestic and international companies of varying market capitalizations. Its portfolio notably features significant weights in industrials, consumer defensives, energy, and materials sectors. The approach allows for both growth and value stocks, including special situations and out-of-favor names with strong recovery prospects. With an annual expense ratio of 1.00% and a minimum investment of $250,000, the institutional share class is tailored for investors seeking a focused, actively managed equity strategy.
Performance
WGNIX had a total return of 18.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.26%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| WAGNX | Retail Class | 1.25% |
Top 10 Holdings
78.49% of assets| Name | Symbol | Weight |
|---|---|---|
| Edelweiss Financial Services Ltd | EDEL | 19.59% |
| TAV Havalimanlari Holding AS | TAVHL | 12.83% |
| Warrior Met Coal, Inc. | HCC | 11.97% |
| Mongolian Mining Corp | 975 | 5.98% |
| Alpha Metallurgical Resources, Inc. | AMR | 5.55% |
| First American Treasury Obligations Fund | FXFXX | 5.16% |
| PulteGroup, Inc. | PHM | 4.51% |
| Toll Brothers, Inc. | TOL | 4.48% |
| AutoNation, Inc. | AN | 4.24% |
| Valaris Limited | VAL | 4.17% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 8, 2025 | $0.0792 | Dec 8, 2025 |
| Dec 6, 2024 | $0.14683 | Dec 6, 2024 |
| Dec 8, 2023 | $0.01354 | Dec 8, 2023 |