Pabrai Wagons ETF is a unique investment fund designed to capitalize on exceptional opportunities in the market. Launched on September 29, 2023, as the successor to the Pabrai Wagons Fund, this non-diversified fund specializes in a focused portfolio of small and medium-cap companies that exhibit strong competitive advantages and sustainable business models. The core philosophy of Pabrai Wagons centers on circling the wagons around high-conviction holdings, ensuring that only the most promising investments are prioritized.

The fund emphasizes the importance of enduring high returns on equity and free cash flow, coupled with strong management characterized by integrity and exceptional skill. Pabrai Wagons seeks to identify compounding machines – firms capable of reinvesting capital efficiently without excessive leverage or gimmicks. With a disciplined reinvestment strategy, the ETF aims to provide long-term growth while managing risk effectively. For more information, potential investors are encouraged to review the fund's prospectus thoroughly before investing.