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.

• 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

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

Data Sources: S&P Global Market Intelligence and Finnhub

Historical data is provided by S&P Global Market Intelligence. Several fund data points are also provided by Finnhub.

Last checked:

Feb 10, 2026

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