Pabrai Wagons ETF

Investing is about conviction. Our Portfolio Manager, @MohnishPabrai, discusses why the lowest conviction ideas in a portfolio should be questioned if higher conviction opportunities arise. youtube.com/shorts/98faTpF…

Corporate messaging is easy to manage. Management quality is harder to hide. Our Portfolio Manager, @MohnishPabrai, evaluates leaders by studying decades of unscripted moments, from earnings calls and beyond, and comparing their words with their actions to develop a truer picture of the people running a business. youtube.com/shorts/ejzLAH-…

@JuliusCobbett Hi Julius, Thanks for your interest. If you could kindly send me an email to at@wagonsetf.com I would be happy to provide you with more information. Best, Aidan

@wagonsetf @MohnishPabrai Are yoi going to make the fund available to European investors?

"Heads I win; tails I don't lose much." Our Portfolio Manager @MohnishPabrai shares his bedrock investing philosophy: seek out asymmetric bets where the downside is protected, but the upside is uncapped.

In 2022, Warren Buffett famously said that after 58 years and 300+ capital allocation decisions at Berkshire Hathaway ($BRK), only about a dozen truly moved the needle - or roughly 1 every 5 years. Of course, he could not know in advance which decisions would be the big winners. He simply held on. That remarkable stat captures a principle that is central to us at the Pabrai Wagons ETF ($WAGN): exceptional long-term performance usually comes from a small number of great investments held for a very long time. The key is to "circle the wagons" around your highest-conviction holdings. Past performance does not guarantee future results. Investing involves risk including loss of principle. For more information about WAGN, including its current holdings, please visit wagonsetf.com References to the performance record of Berkshire Hathaway or Warren Buffett is in no way meant to suggest the Fund will have a similar record or performance in the future. Portfolio Manager @MohnishPabrai.

In the short run, the market is a voting machine. In the long run, it is a weighing machine. Our Portfolio Manager, @MohnishPabrai, explains why crowding into the same popular names can be a gift to disciplined investors: the high-quality, overlooked businesses remain cheap. youtube.com/shorts/aWnlnhK…

A replay of the Pabrai Wagons ETF March 11, 2026 Shareholder Call hosted by Portfolio Manager @MohnishPabrai has been posted here: tinyurl.com/PWETFMarchRepl…. NYSE Ticker WAGN. Visit our website for more information: wagonsetf.com.

Portfolio manager, @MohnishPabrai, explains why volatility is always our friend. youtube.com/shorts/UfIrpCX…

How long does it take money to double? Our Portfolio Manager @MohnishPabrai shares the "Rule of 72," a simple shortcut that helps you estimate how quickly an investment can double, and how you can use that to compare opportunities. youtube.com/shorts/_fOMKzA…

Portfolio Manager @MohnishPabrai will be hosting the next Pabrai Wagons ETF Shareholder Zoom on March 11th at 4:00 PM EST. Register here: zoom.us/webinar/regist…. NYSE ticker: WAGN. Visit our website for more information: wagonsetf.com.

Great businesses are rare. If you’re fortunate enough to own one, trying to time when it’s “fully priced” often leads to selling too soon. As our Portfolio Manager @MohnishPabrai notes, unless the stock becomes egregiously overpriced, if it remains great, the wiser move is to "circle the wagons" around it and leave it alone. youtube.com/shorts/0vmnXsQ…

If you have to ask whether an investment is within your circle of competence, that hesitation is often the answer. A narrow circle isn’t a handicap, the risk is stepping outside it. Our Portfolio Manager, @MohnishPabrai, discusses the “inch wide, mile deep” approach and why an investor's circle will naturally expand over time. youtube.com/shorts/O2GWCG7…

There are 50,000+ stocks globally, and 99% belong in the “Too Hard Pile.” The goal is to build high conviction in a select few you can see clearly 5, 10, even 15 years out. Our Portfolio Manager @MohnishPabrai explains why many of today’s high-flyers fail this test, and why if it isn’t knowable, it isn’t investable. youtube.com/shorts/IlCgwSw…

@budugu_blahblah @MohnishPabrai Thank you for bringing this to our attention. The issue has since been resolved.

@wagonsetf @MohnishPabrai @wagonsfund - I cannot access those links as the https handshake is failing....May be, something to look into. Thanks

The Pabrai Wagons Fund mutual fund is converting to the Pabrai Wagons ETF (ticker: $WAGN), expected to begin trading on Feb 9, 2026. Investing in an ETF is different than investing in a mutual fund, so we’ve put together a quick guide here: wagonsfund.com/etf-guide. For details on the ETF and the reorganization, see “Combined Information Statement & Prospectus dated Dec 29, 2025” found at wagonsfund.com/ir.‍ Email at@wagonsfund.com if you have any questions. ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns. Portfolio Manager @MohnishPabrai.

@MillonariosAnon Hi Carlos, Thank you for your interest. If you could kindly send me an email to at@wagonsetf.com I would be happy to provide you with more information. Best, Aidan

@wagonsetf Not available for European investors on IBKR... It seems there is no KID available.... Please fix

The Pabrai Wagons ETF is now live under the ticker $WAGN! The $WAGN ETF is listed on the NYSE and is available for purchase in most brokerage accounts like most stocks. Visit wagonsetf.com for more information. Please email at@wagonsetf.com if you have any questions or need assistance. Portfolio Manager: @MohnishPabrai.

The Pabrai Wagons Fund is converting to the Pabrai Wagons ETF (ticker: $WAGN), expected to be live on Feb 9, 2026. Ahead of the conversion, the retail class ($WAGNX) was consolidated into a single institutional share class ($WGNIX). You can invest in the Fund by purchasing shares of WGNIX until Feb 2, 2026, when transactions will be frozen until after the conversion is complete on Feb 9, 2026. Mutual fund shares held at brokerages will convert automatically to ETF shares, no action needed. See “Combined Information Statement & Prospectus” found at wagonsfund.com/ir for additional info (Dec 29, 2025). Email at@wagonsfund.com if you have any questions. ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns. Portfolio Manager @MohnishPabrai.

The most painful investing mistakes often aren’t the losers you bought. They’re the big winners you sold too soon. Our Portfolio Manager, @MohnishPabrai, explains why “circling the wagons” around your highest conviction holdings matters, and why mistakes of omission can be far more costly than mistakes of commission. youtube.com/shorts/9Q2WkUP…

If you can’t explain your investment thesis to a 10-year-old in 4-5 sentences, it’s a pass. Our Portfolio Manager @MohnishPabrai explains why true conviction comes from simplicity, not complex Excel models. youtube.com/shorts/tuApSa2…