Pabrai Wagons ETF
WAGN
New York Stock Exchange Arca14.58
USD
+0.27
- -
Pabrai Wagons ETF
WAGN
(New York Stock Exchange Arca)
Recent
price
14.58
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Professionally Managed Portfolios - Pabrai Wagons Fund is an open‑end series of Professionally Managed Portfolios, an investment company organized as a Delaware statutory trust, that operates as an equity mutual fund focused on long‑term capital appreciation through concentrated investments in machinery, rail, shipping, logistics, and other industrial transportation‑sector companies, with an emphasis on freight, shipping, and related infrastructure providers; the fund primarily invests in common stocks of publicly traded companies in developed markets, including large‑capitalization and mid‑capitalization issuers, while also allocating to select emerging‑market equities where structural tailwinds and favorable risk‑reward profiles are present. The fund seeks to combine a value‑oriented, margin‑of‑safety approach derived from the investment philosophy of Mohnish Pabrai, its subadviser, with thematic exposure to global transportation and logistics assets such as rail operators, freight transporters, shipping lines, port operators, warehouse and distribution infrastructure providers, and equipment manufacturers serving heavy hauling, intermodal, and bulk cargo segments. Core products and services of Professionally Managed Portfolios – Pabrai Wagons Fund include offering retail and institutional investors access to an actively managed mutual fund vehicle that invests in a concentrated portfolio of global transportation stocks, with strategies emphasizing safety of principal, downside protection, and asymmetric upside through deep fundamental research, bottom‑up stock selection, and thematic macro overlays; the fund provides daily liquidity through open‑end mutual fund redemptions, periodic distribution of dividends and net realized gains (typically on an annual basis), and accession via multiple share classes for different client segments including individual investors, retirement accounts, and advisory platforms. Additional service components include ongoing risk management, quarterly and annual reporting (including shareholder letters), prospectus and statement of additional information (SAI) disclosures, net‑asset‑value‑based pricing, and compliance‑oriented stewardship through its board of trustees, custodian, transfer agent, and independent registered public accounting firm. Within the past one to two years, the fund has executed key operational and positioning changes, including updating its investment subadvisory and operational framework under continued oversight by Mohnish Pabrai’s value‑oriented, multi‑decade practice; recent communications and product marketing materials have emphasized tightened emphasis on pure‑play transportation and logistics holdings, selective reduction of non‑core diversifiers, and incremental expansion of exposure to emerging‑market rail and freight platforms where regulatory, pricing, and demand‑growth catalysts appear aligned. More recently, the fund has adjusted its sector weightings internally to increase tolerance for cyclical risk in global rail and long‑haul trucking, launched targeted branding and investor‑education campaigns around the “wagons” theme to clarify its rail‑colloquial positioning, and enhanced its digital client‑facing infrastructure (including web portal dashboards and performance disclosures) to meet evolving standards for transparency among open‑end mutual funds. The fund’s management has also refined key risk controls—such as position‑size caps, liquidity thresholds, and discount‑focus screens on asset‑backed rail and shipping names—while maintaining its domicile as an open‑end fund series within Professionally Managed Portfolios’ master‑trust structure. Professionally Managed Portfolios – Pabrai Wagons Fund operates in the asset management and investment fund industry, serving primarily as an equity‑focused mutual fund vehicle within the broader mutual‑fund and collective‑investment trust landscape; its target‑market segments include individual accredited and retail investors, financial advisors, retirement and endowment accounts, and wealth‑management platforms that seek thematic, sub‑sector‑specific exposure to global transportation infrastructure with a value‑oriented tilt. The fund pursues investments across multiple geographic regions including the United States, Canada, Europe, Japan, and certain emerging‑market economies (notably in Asia and Latin America), with an overarching orientation toward developed‑market equities supplemented by selectively sized positions in listed or depository‑receipt vehicles tied to charter‑operators, rail‐haul operators, port terminals, and freight brokerage and logistics‑software providers. Professionally Managed Portfolios – Pabrai Wagons Fund is organized under the Professionally Managed Portfolios umbrella, an existing Delaware statutory trust with multiple fund series, and is managed from its primary operational and compliance base in the United States, leveraging domestic fund complex governance and distribution partners to deliver exposure to its globally‑diversified rail, freight, and logistics equity mandate.