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.
Fund Family Dhandho Funds
Category World Small/Mid Stock
Stock Exchange NASDAQ
Ticker Symbol WGNIX
Share Class Institutional Class
Index Index is not provided by Management Company
WGNIX had a total return of -12.43% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.31%.
