(a) A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act or 1940, as amended (the “1940 Act”) (17 CFR § 270.30e-1), is attached hereto.

The Symmetry Panoramic Trust

Symmetry Panoramic US Equity Fund

Class I Shares - SPUSX

Semi-Annual Shareholder Report: February 28, 2026

This semi-annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic US Equity Fund (the "Fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the Fund at https://panoramicfunds.com/us-equity-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863).

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic US Equity Fund, Class I Shares	$29	0.56%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$420,837,474	514	$697,509	8%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Futures Contracts	0.0%
Rights	0.0%
Real Estate	0.2%
Short-Term Investment	0.4%
Utilities	1.4%
Materials	2.1%
Energy	2.8%
Consumer Staples	3.8%
Health Care	6.0%
Consumer Discretionary	6.1%
Communication Services	6.8%
Financials	9.4%
Industrials	10.7%
Information Technology	16.7%
Registered Investment Companies	33.7%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
iShares MSCI USA Min Vol Factor ETF			5.1%
DFA US Targeted Value Portfolio, Cl I			4.1%
DFA Real Estate Securities Portfolio, Cl I			3.9%
Dimensional US Targeted Value ETF			3.6%
Microsoft			2.9%
Apple			2.8%
Vanguard US Value Factor ETF			2.8%
iShares MSCI USA Momentum Factor ETF			2.8%
Alphabet, Cl A			2.7%
Avantis US Small Capital Value ETF			2.7%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-844-Sym-Fund (844-796-3863)
https://panoramicfunds.com/us-equity-fund/

Householding

Rule 30e-1 of the Investment Company Act of 1940, as amended, permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as “householding” and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-844-Sym-Fund (844-796-3863) to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

SPUSX-SAR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic International Equity Fund

Class I Shares - SPILX

Semi-Annual Shareholder Report: February 28, 2026

This semi-annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic International Equity Fund (the "Fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the Fund at https://panoramicfunds.com/international-equity-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863).

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic International Equity Fund, Class I Shares	$35	0.64%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$243,725,553	313	$441,692	4%

What did the Fund invest in?

Country Weightings^{Footnote Reference*}

Table Summary
Value	Value
Futures Contracts	0.0%
Other Countries	5.1%
Sweden	1.0%
United Kingdom	1.7%
Spain	1.8%
Germany	1.8%
Short-Term Investment	2.1%
Taiwan	2.4%
Italy	2.6%
Canada	2.7%
South Korea	3.4%
China	4.2%
Japan	4.8%
United States	66.2%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
DFA Large Cap International Portfolio, Cl I			10.9%
DFA Emerging Markets Portfolio, Cl I			7.7%
Avantis Emerging Markets Equity ETF			5.9%
DFA International Small Cap Value Portfolio, Cl I			5.3%
DFA International Value Portfolio, Cl I			5.2%
DFA International High Relative Profitability Portfolio, Cl I			5.0%
DFA Emerging Markets Small Cap Portfolio, Cl I			4.5%
iShares MSCI Emerging Markets Min Vol Factor ETF			3.1%
Avantis International Small Cap Value ETF			2.9%
Dimensional Emerging Markets High Profitability			2.8%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-844-Sym-Fund (844-796-3863)
https://panoramicfunds.com/international-equity-fund/

Householding

SPILX-SAR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Global Equity Fund

Class I Shares - SPGEX

Semi-Annual Shareholder Report: February 28, 2026

This semi-annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic Global Equity Fund (the "Fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the Fund at https://panoramicfunds.com/global-equity-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863).

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Global Equity Fund, Class I Shares	$30	0.57%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$401,395,556	768	$666,172	7%

What did the Fund invest in?

Country Weightings^{Footnote Reference*}

Table Summary
Value	Value
Futures Contracts	0.0%
Other Countries	2.8%
Sweden	0.5%
Spain	0.7%
United Kingdom	0.7%
Germany	0.7%
Taiwan	1.1%
Short-Term Investment	1.1%
Italy	1.1%
Canada	1.1%
South Korea	1.5%
China	1.9%
Japan	2.1%
United States	84.6%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Dimensional US Targeted Value ETF			3.6%
DFA Large Cap International Portfolio, Cl I			3.3%
DFA Real Estate Securities Portfolio, Cl I			3.0%
iShares MSCI USA Momentum Factor ETF			2.4%
DFA International Small Cap Value Portfolio, Cl I			2.1%
DFA International Value Portfolio, Cl I			1.9%
DFA International High Relative Profitability Portfolio, Cl I			1.9%
Avantis US Small Capital Value ETF			1.8%
DFA US Targeted Value Portfolio, Cl I			1.8%
Vanguard US Value Factor ETF			1.8%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-844-Sym-Fund (844-796-3863)
https://panoramicfunds.com/global-equity-fund/

Householding

SPGEX-SAR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Tax-Managed Global Equity Fund

Class I Shares - SPGTX

Semi-Annual Shareholder Report: February 28, 2026

This semi-annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic Tax-Managed Global Equity Fund (the "Fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the Fund at https://panoramicfunds.com/global-equity-fund-2/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863).

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Tax-Managed Global Equity Fund, Class I Shares	$24	0.45%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$176,094,358	35	$158,473	5%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Short-Term Investment	1.1%
Registered Investment Companies	98.9%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
AQR Large Capital Multi-Style Fund, Cl R6			13.8%
Dimensional US Equity Market ETF			13.4%
AQR International Multi-Style Fund, Cl R6			10.6%
DFA US High Relative Profitability Portfolio, Cl I			6.6%
AQR Emerging Multi-Style II Fund, Cl R6			6.0%
Dimensional US Marketwide Value ETF			5.0%
Dimensional US Targeted Value ETF			4.9%
DFA Large Cap International Portfolio, Cl I			4.3%
DFA Emerging Markets Portfolio, Cl I			3.0%
DFA International Small Cap Value Portfolio, Cl I			3.0%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-844-Sym-Fund (844-796-3863)
https://panoramicfunds.com/global-equity-fund-2/

Householding

SPGTX-SAR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic US Systematic Fixed Income Fund

Class I Shares - SPUBX

Semi-Annual Shareholder Report: February 28, 2026

This semi-annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic US Systematic Fixed Income Fund (the "Fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the Fund at https://panoramicfunds.com/us-systematic-fixed-income-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863).

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic US Systematic Fixed Income Fund, Class I Shares	$26	0.51%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$167,842,420	439	$199,893	34%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
U.S. Government Agency Obligation	0.2%
Short-Term Investment	0.3%
Municipal Bonds	0.5%
Asset-Backed Securities	0.5%
Sovereign Debt	1.3%
Mortgage-Backed Securities	25.3%
U.S. Treasury Obligations	26.1%
Corporate Obligations	44.6%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name	Coupon Rate	Maturity Date	Percentage of Total Net Assets^{Footnote Reference(A)}
U.S. Treasury Notes	1.750%	11/15/29	2.9%
U.S. Treasury Notes	4.250%	08/15/35	2.9%
U.S. Treasury Bonds	2.500%	02/15/46	2.6%
U.S. Treasury Bonds	4.750%	08/15/55	2.4%
FNMA	2.000%	03/01/52	1.8%
U.S. Treasury Bonds	2.875%	05/15/49	1.3%
U.S. Treasury Bonds	1.875%	02/15/41	1.3%
U.S. Treasury Notes	3.125%	11/15/28	1.2%
U.S. Treasury Notes	3.250%	06/30/29	1.1%
U.S. Treasury Notes	0.875%	11/15/30	1.1%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-844-Sym-Fund (844-796-3863)
https://panoramicfunds.com/us-systematic-fixed-income-fund/

Householding

SPUBX-SAR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Municipal Fixed Income Fund

Class I Shares - SPMFX

Semi-Annual Shareholder Report: February 28, 2026

This semi-annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic Municipal Fixed Income Fund (the "Fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the Fund at https://panoramicfunds.com/municipal-fixed-income-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863).

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Municipal Fixed Income Fund, Class I Shares	$20	0.40%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$39,784,111	10	$0	40%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Short-Term Investment	0.1%
Registered Investment Companies	100.1%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
Dimensional National Municipal Bond ETF			20.2%
Vanguard Tax-Exempt Bond Index ETF			16.7%
iShares Short-Term National Muni Bond ETF			16.0%
iShares National Muni Bond ETF			16.0%
Vanguard Intermediate Tax-Exempt Bond ETF			9.9%
State Street SPDR Nuveen ICE High Yield Municipal Bond ETF			8.1%
Schwab Municipal Bond ETF			4.6%
Vanguard Short-Term Tax-Exempt Bond ETF			4.5%
iShares High Yield Muni Active ETF			4.1%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-844-Sym-Fund (844-796-3863)
https://panoramicfunds.com/municipal-fixed-income-fund/

Householding

SPMFX-SAR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Global Systematic Fixed Income Fund

Class I Shares - SPGBX

Semi-Annual Shareholder Report: February 28, 2026

This semi-annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic Global Systematic Fixed Income Fund (the "Fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the Fund at https://panoramicfunds.com/global-systematic-fixed-income-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863).

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Global Systematic Fixed Income Fund, Class I Shares	$29	0.57%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$276,472,289	621	$393,419	78%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Table Summary
Value	Value
Interest Rate Swaps	0.0%
Asset-Backed Securities	0.2%
Forwards	0.4%
Short-Term Investment	1.5%
U.S. Treasury Obligations	5.3%
Mortgage-Backed Securities	10.4%
Sovereign Debt	38.0%
Corporate Obligations	44.2%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Ten Holdings

Table Summary
Holding Name	Coupon Rate	Maturity Date	Percentage of Total Net Assets^{Footnote Reference(A)}
China Government Bond	1.620%	08/15/27	2.3%
China Government Bond	1.660%	12/25/32	1.8%
French Republic Government Bond OAT	0.000%	05/25/32	1.8%
U.S. Treasury Bonds	1.750%	08/15/41	1.5%
China Government Bond	2.370%	01/15/29	1.5%
Japan Government Ten Year Bond	0.100%	12/20/28	1.2%
U.S. Treasury Bonds	2.250%	08/15/46	1.2%
China Government Bond	2.620%	09/25/29	1.1%
China Government Bond	1.780%	11/15/35	1.1%
Japan Government Ten Year Bond	0.400%	06/20/33	1.1%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-844-Sym-Fund (844-796-3863)
https://panoramicfunds.com/global-systematic-fixed-income-fund/

Householding

SPGBX-SAR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Alternatives Fund

Class I Shares - SPATX

Semi-Annual Shareholder Report: February 28, 2026

This semi-annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic Alternatives Fund (the "Fund") for the period from September 1, 2025 to February 28, 2026. You can find additional information about the Fund at https://panoramicfunds.com/alternatives-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863).

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Alternatives Fund, Class I Shares	$25	0.49%

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$7,723,633	6	$0	30%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Short-Term Investments	0.9%
Registered Investment Companies	98.8%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
AQR Diversified Arbitrage Fund, Cl R6			29.3%
AQR Managed Futures Strategy Fund, Cl R6			24.7%
AQR Style Premia Alternative Fund, Cl R6			19.9%
Stone Ridge Diversified Alternatives Fund, Cl I			19.4%
AQR Alternative Risk Premia Fund, Cl R6			5.4%

Footnote	Description
Footnote^(A)	Short-Term Investments are not shown in the top ten chart.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-844-Sym-Fund (844-796-3863)
https://panoramicfunds.com/alternatives-fund/

Householding

SPATX-SAR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Sector Momentum ETF

SMOM

Semi-Annual Shareholder Report: February 28, 2026

This semi-annual shareholder report contains important information about the Symmetry Panoramic Sector Momentum ETF (the "Fund") for the period from September 9, 2025 (commencement of operations) to February 28, 2026. You can find additional information about the Fund at https://panoramicfunds.com/symmetry-panoramic-sector-momentum-etf/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863).

What were the Fund costs for the period?

(based on a hypothetical $10,000 investment)

Table Summary
Fund Name	Costs of a $10,000 investment^{Footnote Reference*}	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Sector Momentum ETF	$31	0.64%

Footnote	Description
Footnote^*	Costs shown not annualized. If the Fund had been open for the full semi-annual period, costs shown would have been higher for the period ended.

Key Fund Statistics as of February 28, 2026

Table Summary
	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$58,608,003	6	$62,284	99%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Table Summary
Value	Value
Registered Investment Companies	100.0%

Footnote	Description
Footnote^*	Percentages are calculated based on total net assets.

Top Holdings

Table Summary
Holding Name			Percentage of Total Net Assets
State Street Technology Select Sector SPDR ETF			32.4%
State Street Communication Services Select Sector SPDR ETF			28.1%
State Street Utilities Select Sector SPDR ETF			17.4%
State Street Health Care Select Sector SPDR ETF			11.1%
State Street Industrial Select Sector SPDR ETF			5.7%
State Street Consumer Discretionary Select Sector SPDR ETF			5.3%

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

1-844-Sym-Fund (844-796-3863)
https://panoramicfunds.com/symmetry-panoramic-sector-momentum-etf/

Householding

SMOM-SAR-2026

(a) The Schedules of Investments are included as part of the Financial Statements and Other Information filed under Item 7 of this form.

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

A list of open futures contracts held by the Fund at February 28, 2026, is as follows:

The following is a summary of the level of inputs used as of February 28, 2026, in valuing the Fund’s investments and other financial instruments carried at value:

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in the Notes to Financial Statements.

A list of open futures contracts held by the Fund at February 28, 2026, is as follows:

The following is a summary of the level of inputs used as of February 28, 2026, in valuing the Fund’s investments and other financial instruments carried at value:

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in the Notes to Financial Statements.

A list of open futures contracts held by the Fund at February 28, 2026, is as follows:

The following is a summary of the level of inputs used as of February 28, 2026, in valuing the Fund’s investments and other financial instruments carried at value:

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in the Notes to Financial Statements.

SYMMETRY PANORAMIC TAX-MANAGED GLOBAL EQUITY FUND
FEBRUARY 28, 2026 (UNAUDITED)

As of February 28, 2026, all of the Fund’s investments in securities were considered Level 1, in accordance with the authoritative guidance on fair value measurement and disclosure under U.S. generally accepted accounting principles.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in the Notes to Financial Statements.

The following is a summary of the level of inputs used as of February 28, 2026, in valuing the Fund’s carried at value:

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in the Notes to Financial Statements.

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 28, 2026 (UNAUDITED)

A list of the open centrally cleared swap contracts held by the Fund at February 28, 2026, is as follows:

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 28, 2026 (UNAUDITED)

A list of the open forward foreign currency contracts held by the Fund at February 28, 2026, is as follows:

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 28, 2026 (UNAUDITED)

The following is a summary of the level of inputs used as of February 28, 2026, in valuing the Fund’s investments and other financial instruments carried at value:

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in the Notes to Financial Statements.

Glossary: (abbreviations which may be used in the preceding Schedules of Investments)

Selected Per Share Date & Ratios
For a Share Outstanding
Throughout each Year or Period

The Symmetry Panoramic Trust (the “Trust”) is organized as a Delaware statutory trust under an Agreement and Declaration of Trust, dated April 3, 2018. The Trust is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company currently consisting of nine separate portfolios. The financial statements herein are those of the Symmetry Panoramic US Equity Fund, Symmetry Panoramic International Equity Fund, Symmetry Panoramic Global Equity Fund, Symmetry Panoramic Tax-Managed Global Equity Fund, Symmetry Panoramic US Systematic Fixed Income Fund, Symmetry Panoramic Municipal Fixed Income Fund, Symmetry Panoramic Global Systematic Fixed Income Fund, Symmetry Panoramic Alternatives Fund and Symmetry Panoramic Sector Momentum ETF (each a “Fund” and collectively, the “Funds”). The investment objective of each of Symmetry Panoramic US Equity Fund, Symmetry Panoramic International Equity Fund, Symmetry Panoramic Global Equity Fund, Symmetry Panoramic Tax-Managed Global Equity Fund and Symmetry Panoramic Sector Momentum ETF is to seek long-term capital appreciation. The investment objective of Symmetry Panoramic US Systematic Fixed Income Fund is to seek income and capital appreciation through systematic exposure to US fixed income securities. The investment objective of Symmetry Panoramic Municipal Fixed Income Fund is to provide current income that is exempt from federal personal income tax. The investment objective of Symmetry Panoramic Global Systematic Fixed Income Fund is to seek income and capital appreciation through systematic exposure to global fixed income securities. The investment objective of Symmetry Panoramic Alternatives Fund is to seek positive long-term absolute returns. An “absolute return” seeks to earn a positive total return over the long-term, regardless of market conditions or general market direction. The Funds are classified as diversified investment companies. The Symmetry Panoramic Tax-Managed Global Equity Fund, Symmetry Panoramic Municipal Fixed Income Fund, Symmetry Panoramic Alternatives Fund and Symmetry Panoramic Sector Momentum ETF are “fund of funds” and offer shareholders the opportunity to invest in certain underlying investment companies, which are separately managed series of the following investment companies: Avantis Investors by American Century Investments, AQR Funds, Dimensional Fund Advisors LP (DFA), iShares by Blackrock, Schwab Strategic Trust, State Street Global Advisors Funds Management Inc., Stone Ridge Asset Management LLC and Vanguard Portfolio Management, LLC. The Symmetry Panoramic US Equity Fund, Symmetry Panoramic Global Equity Fund and Symmetry Panoramic International Equity Fund also utilize a fund of funds structure by investing in certain underlying investment companies, but also utilize at least one sub-adviser and invest directly in securities and other instruments issued by operating companies and other issuers. Symmetry Partners, LLC serves as the Funds’ investment adviser (the “Adviser”), AQR Capital Management LLC provides sub-advisory services to each of the Symmetry Panoramic US Equity Fund, Symmetry Panoramic Global Equity Fund and Symmetry Panoramic International Equity Fund, and Dimensional Fund Advisors LP provides sub-advisory services to each of the Symmetry Panoramic US Equity Fund, Symmetry Panoramic Global Equity Fund and Symmetry Panoramic International Equity Fund. J.P. Morgan Investment Management Inc. currently provides sub-advisory services to each of the Symmetry Panoramic US Systematic Fixed Income Fund and Symmetry Panoramic Global Systematic Fixed Income Fund. The Funds currently offer Class I Shares. Vident Asset Management currently provides sub-advisory services to Symmetry Panoramic Sector Momentum ETF. Symmetry Panoramic US Equity Fund, Symmetry Panoramic International Equity Fund, Symmetry Panoramic Global Equity Fund, Symmetry Panoramic Tax-Managed Global Equity Fund, Symmetry Panoramic US Systematic Fixed Income Fund, Symmetry Panoramic Municipal Fixed Income Fund, Symmetry Panoramic Global Systematic Fixed Income Fund and Symmetry Panoramic Alternatives Fund commenced operations on November 12, 2018. The Symmetry Panoramic Sector Momentum ETF commenced operations on September 9, 2025. The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held.

The following are significant accounting policies, which are consistently followed in the preparation of the financial statements of the Funds. The Funds are investment companies that apply the accounting and reporting guidance issued in Topic 946 Financial Services-Investment Companies, by the U.S. Financial Accounting Standards Board (“FASB”).

Use of Estimates — The preparation of financial statements in conformity with United States generally accepted accounting principles (“U.S. GAAP”) requires management to make estimates and assumptions that affect the fair value of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets resulting from operations during the reporting period. Actual results could differ from those estimates and such differences could be material.

Security Valuation — Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are either fair valued or valued at the last quoted sale price on an exchange or market (foreign or domestic) on which they are traded on valuation date (or at approximately 4:00 pm Eastern Standard Time if a security’s primary exchange is normally open at that time), or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used. If available, debt securities are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker supplied valuations, or other methodologies designed to identify the market value for such securities. Such methodologies generally consider such factors as security prices, yields, maturities, call features, ratings and developments relating to specific securities in arriving at valuations. On the first day a new debt security purchase is recorded, if a price is not available on the automated pricing feeds from our primary and secondary pricing vendors nor is it available from an independent broker, the security may be valued at its purchase price. Each day thereafter, the debt security will be valued according to the Trust’s fair value procedures until an independent source can be secured. Debt obligations with remaining maturities of sixty days or less may be valued at their amortized cost, which approximates fair value provided that it is determined the amortized cost continues to approximate fair value. Should existing credit, liquidity or interest rate conditions in the relevant markets and issuer specific circumstances suggest that amortized cost does not approximate fair value, then the amortized cost method may not be used. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates.

Investments in open-end and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in open-end and closed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.

Securities for which market prices are not “readily available” are valued in accordance with fair value procedures (the “Fair Value Procedures”) established by the Adviser and approved by the Trust’s Board of Trustees (the “Board”). Pursuant to Rule 2a-5 under the 1940 Act, the Board has designated Symmetry Partners, LLC (the “Adviser”) as the “valuation designee” to determine the fair value of securities and other instruments for which no readily available market quotations are available. The Fair Value Procedures are implemented through a Fair Value Committee (the “Committee”) of the Adviser.

Some of the more common reasons that may necessitate that a security be valued using fair value procedures include: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when under normal conditions it would be open; the security has not been traded for an extended period of time; the security’s primary pricing source is not able or willing to provide a price; or trading of the security is subject to local government imposed restrictions. Generally, when fair valuing a security held by a Fund, the Adviser will take into account all reasonably available information that may be relevant to a particular valuation.

Foreign currency forward contracts are valued at the current day’s interpolated foreign exchange rate, as calculated using the current day’s spot rate, and the thirty, sixty, ninety and one-hundred eighty day forward rates provided by an independent source.

Futures contracts that are traded on an exchange are valued at the end of day settlement value reported from the exchange or board of trade on which the contract is primarily traded.

Swap agreements and other derivatives are generally valued daily based upon quotations from market makers or by a pricing service in accordance with the valuation procedures established by the Valuation Designee.

For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which the Fund calculates its net asset value. The closing prices of such securities may no longer reflect their market value at the time the Fund calculates its net asset value if an event that could materially affect the value of those securities (a “Significant Event”) has occurred between the time of the security’s last close and the time that the Fund calculates net asset value. A Significant Event may relate to, among others, a single issuer or to an entire market sector. If the Valuation Designee becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Fund calculates its net asset value, the security will be valued at its fair market value by the Valuation Designee, subject to Board oversight.

The Funds use Intercontinental Exchange Data Pricing & Reference Data, LLC. (“ICE”) as a third party fair valuation vendor. ICE provides a fair value factor which is applied to the local market close price for foreign securities held by the Funds based on certain factors and methodologies (involving, generally, tracking valuation correlations between the U.S. market and each non-U.S. security) applied by ICE in the event that there is a movement in the U.S. market that exceeds a specific threshold established by the Valuation Designee. The Valuation Designee has established a “confidence interval” which is used to determine the level of correlation between the value of a foreign security and movements in the U.S. market before a particular security is fair valued when the threshold is exceeded. In the event that the threshold established by the Valuation Designee is exceeded on a specific day, the Funds value the non-U.S. securities that exceed the applicable “confidence interval” based upon the fair value factors provided by ICE. In such event, it is not necessary to hold a Committee meeting. In the event that the Adviser believes that the fair values provided by ICE are not reliable, the Valuation Designee and Committee holds a meeting to consider the matter and coordinates with SEI Investments Global Funds Services (the “Administrator”).

If a local market in which the Funds own securities is closed for one or more days, the Funds shall value all securities held in that corresponding currency based on the fair value factors provided by ICE using the predetermined confidence interval discussed above.

In accordance with U.S. GAAP, the Funds disclose fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

Industry classifications are summarized in the Funds’ Schedules of Investments.

Federal Income Taxes — It is each Fund’s intention to qualify as a regulated investment company for Federal income tax purposes by complying with the appropriate provisions of Subchapter M of the Internal Revenue Code of 1986 (the “Code”), as amended. Accordingly, no provisions for Federal income taxes have been made in the financial statements.

The Adviser has analyzed the Funds' tax positions taken on U.S. federal income tax returns for all open tax years (current and prior three tax years), and has concluded that no provision for U.S. federal income tax is required in the Funds' financial statements. The Funds' U.S. federal and state income and U.S. federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue. Furthermore, the Adviser of the Funds is also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next 12 months.

As of and during the period ended February 28, 2026, the Funds did not have a liability for any unrecognized tax benefits. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statements of Operations. During the period ended February 28, 2026, the Funds did not incur any significant interest or penalties.

Withholding taxes on foreign dividends have been provided for in accordance with the Funds’ understanding of the applicable country’s tax rules and rates. The Funds or their agent files withholding tax reclaims in certain jurisdictions to recover certain amounts previously withheld. The Funds may record a reclaim receivable based on collectability, which includes factors such as the jurisdiction’s applicable laws, payment history and market convention. Professional fees paid to those that provide assistance in receiving the tax reclaims, which generally are contingent upon successful receipt of reclaimed amounts, are recorded in Professional Fees on the Statements of Operations once the amounts are due. The professional fees related to pursuing these tax reclaims are not subject to the Adviser’s expense limitation agreement.

Security Transactions and Investment Income — Security transactions are accounted for on trade date for financial reporting purposes. Costs used in determining realized gains and losses on the sale of investment securities are based on the specific identification method. Dividend income is recorded on the ex-dividend date. Certain dividends from foreign securities will be recorded as soon as the Funds are informed of the dividend if such information is obtained subsequent to the ex-dividend date.

Foreign Taxes — The Symmetry Panoramic US Equity Fund, the Symmetry Panoramic International Equity Fund, the Symmetry Panoramic Global Equity Fund, the Symmetry Panoramic Tax-Managed Global Equity Fund and the Symmetry Panoramic Global Systematic Fixed Income Fund may be subject to foreign withholding or other foreign income taxes with respect to dividends or interest received from (and, in some cases, gains recognized on shares of stock of) non-U.S. companies. The Funds accrue and apply such taxes to net investment income, net realized gains and net unrealized gains as income and/or capital gains are earned.

Foreign Currency Translation — The books and records of the Funds are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars on the date of valuation. The Funds do not isolate that portion of realized or unrealized gains and losses resulting from changes in the foreign exchange rate from fluctuations arising from changes in the market prices of the securities. These gains and losses are included in net realized gains and losses on investments and net change in unrealized appreciation (depreciation) on investments on the Statements of Operations. Net realized and unrealized gains and losses on foreign currency transactions represent net foreign exchange gains or losses from foreign currency exchange contracts, disposition of foreign currencies, currency gains or losses realized between trade and settlement dates on securities transactions and the difference between the amount of the investment income and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent amounts actually received or paid.

Futures Contracts — Symmetry Panoramic US Equity Fund, Symmetry Panoramic International Equity Fund, Symmetry Panoramic Global Equity Fund, Symmetry Panoramic US Systematic Fixed Income Fund and Symmetry Panoramic Global Systematic Fixed Income Fund all utilized futures contracts during the period ended February 28, 2026. To the extent consistent with their investment objective and strategies, the Funds may use futures contracts for tactical hedging purposes as well as to enhance the Funds’ returns. Initial margin deposits of cash or securities are made upon entering into futures contracts. The futures contracts are valued at the settlement price established each day by the board of exchange on which they are traded. The futures contracts are marked-to-market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin payments are paid or received, depending upon whether unrealized gains or losses are incurred. When the futures contract is closed, the Funds record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the futures contract.

Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. Second, it is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. Third, the futures contract involves the risk that a Fund could lose more than the original margin deposit required to initiate a futures transaction.

Finally, the risk exists that losses could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to the Fund’s Schedule of Investments for details regarding open futures contracts as of February 28, 2026.

For the period ended February 28, 2026, the average monthly notional amount of futures contracts held were as follows:

Forward Foreign Currency Contracts — The Funds may enter into forward foreign currency contracts to protect the value of securities held and related receivables and payables against changes in future foreign exchange rates. A forward currency contract is an agreement between two parties to buy and sell currency at a set price on a future date. The market value of the contract will fluctuate with changes in currency exchange rates. The contract is marked-to market daily using the current forward rate and the change in market value is recorded by the Funds as unrealized gain or loss. The Funds recognize realized gains or losses when the contract is closed, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Any realized or unrealized appreciation (depreciation) during the year or period are presented on the Statement of Operations. Risks may arise from unanticipated movements in the value of a foreign currency relative to the U.S. dollar. Risks may also arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and are generally limited to the amount of unrealized gain on the contracts at the date of default.

Refer to the Funds’ Schedule of Investments for details regarding open forward foreign currency contracts as of February 28, 2026.

For the period ended February 28, 2026, the average monthly notional amount of forward foreign currency contracts held were as follows:

Swap Contracts — The Funds are authorized to enter into swap agreements, including total return swaps. Swaps are a two-party contract in which the seller (buyer) will pay to the buyer (seller) the difference between the current value of a security and its value at the time the contract was entered.

Total return swap agreements are contracts in which one party agrees to make periodic payments based on the change in market value of underlying assets, which may include a specified security, futures contract, basket of securities or futures contracts, defined portfolios of bonds, loans and mortgages, or securities indices during the specified period, in return for periodic payments based on a fixed or variable interest rate or the total return from other underlying assets. Total return swap agreements may be used to obtain exposure to a security, commodity or market without owning or taking physical custody of such security, commodity or market. The total return includes appreciation or depreciation on the underlying asset, plus any interest or dividend payments. Payments under the swap are based upon an agreed upon principal amount but, since the principal amount is not exchanged, it represents neither an asset nor a liability to either counterparty, and is referred to as notional. Total return swaps are marked-to-market daily using different sources, including quotations from counterparties, pricing services, brokers or market makers. The unrealized appreciation or depreciation related to the change in the valuation of the notional amount of the swap is combined with the amount due to the Fund at termination or settlement. The primary risks associated with total return swaps are credit risks (if the counterparty fails to meet its obligations) and market risk (if there is no liquid market for the swap or unfavorable changes occur to the underlying reference instrument).

Periodic payments made or received are recorded as realized gains or losses. At period end, the Statements of Assets and Liabilities reflect, if any, unrealized appreciation or depreciation and accrued periodic payments for swap contracts the Fund may have open at period end. Entering into swap contracts involves, to varying degrees, elements of credit, interest rate and market risk in excess of the amounts recognized on the Statements of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contract may default on its obligation to perform and that there may be unfavorable changes in market conditions or fluctuations in interest rates. Swap contracts outstanding at period end, if any, are listed on the Schedules of Investments. In connection with swap contracts, cash or securities may be segregated as collateral by the Funds’ custodian.

There is the risk that the counterparty refuses to continue to enter into swap agreements with the Funds in the future, or requires increased fees, which could impair the Funds’ ability to achieve its investment objective. A counterparty may also increase its collateral requirements, which may limit the Funds’ ability to use leverage and reduce investment returns. In addition, if the Funds cannot locate a counterparty willing to enter into transactions with the Funds, it will not be able to implement its investment strategy.

For the period ended February 28, 2026, the monthly average balances of swap contracts held by the Funds was as follows:

ReFlow Liquidity Program — The Funds may participate in the ReFlow Redemption Service. The ReFlow Redemption Service provides participating funds with a source of cash to meet net shareholder redemptions by standing ready each business day to purchase fund shares up to the value of the net shares redeemed from the fund, subject to certain limitations. Following purchases of fund shares, ReFlow then generally redeems those shares when the fund experiences net sales, at the end of a maximum holding period determined by ReFlow (currently at 7 days), or at other times at ReFlow’s discretion. In the event a Fund uses the ReFlow Redemption Service, the Fund will pay a fee to ReFlow each time ReFlow purchases Fund shares, calculated by multiplying the value of shares ReFlow purchases by a rate determined through an automated daily auction. The current minimum fee rate is 0.14% of the value of the Fund shares purchased by ReFlow, although a Fund may submit a bid at a higher fee rate if it determines that doing so is in the best interest of Fund shareholders. ReFlow's purchases of a Fund's shares through the liquidity program are made on an investment-blind basis without regard to a Fund's objective, policies or anticipated performance. In accordance with federal securities laws, ReFlow is prohibited from acquiring more than 3% of the outstanding voting securities of the Fund. ReFlow fees that were incurred by the Funds during the period ended February 28, 2026 are recorded within the Statement of Operations, if applicable.

During the period ended February 28, 2026, the Symmetry Panoramic US Equity Fund and the Symmetry Tax-Managed Global Equity Fund satisfied redemption in-kind requests made by Reflow. Consideration paid and shares sold were as follows:

Offsetting Assets and Liabilities — The Funds may be subject to various Master Netting Arrangements with select counterparties (“Master Agreements”). Master Agreements govern the terms of certain transactions, and reduce the counterparty risk associated with relevant transactions by specifying credit protection mechanisms and providing standardization that improves legal certainty.

Since different types of transactions have different mechanics and are sometimes traded out of different legal entities of a particular counterparty organization, each type of transaction may be covered by a different Master Agreement, resulting in the need for multiple agreements with a single counterparty. As the Master Agreements are specific to unique operations of different asset types, they allow a Fund to close out and net its total exposure to a specific counterparty entity in the event of a default with respect to all the transactions governed under a single agreement with a specific counterparty entity.

Master Agreements can also help limit counterparty risk by specifying collateral. United States Treasury Securities and U.S. dollar cash are generally the preferred forms of collateral. Securities and cash pledged as collateral are reflected as assets on the Statements of Assets and Liabilities as either a component of investments at value (securities) or cash pledged as collateral for futures contracts and swap contracts (cash). The market value of any securities received as collateral is not reflected as a component of net asset value. A Fund’s overall exposure to counterparty risk can change substantially within a short period, as it is affected by each transaction subject to the relevant Master Agreement.

Investments in Real Estate Investment Trusts (“REITs”) — Dividend income from REITs is recorded based on the income included in distributions received from the REIT investments using published REIT reclassifications, including some management estimates when actual amounts are not available. Distributions received in excess of this estimated amount are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year-end, and may differ from the estimated amounts.

Expenses — Most expenses of the Trust can be directly attributed to a particular Fund. Expenses which cannot be directly attributed to a particular Fund are apportioned among the Funds evenly and/or based on relative net assets.

Cash Equivalents — Idle cash and currency balances may be swept into various overnight sweep accounts and are classified as cash on the Statements of Assets and Liabilities. Funds maintain cash in bank deposit accounts which, at times, may exceed United States federally insured limits. Amounts swept are available on the next business day.

Dividends and Distributions to Shareholders — Income dividends are derived from net investment income (i.e., interest and other income, less any related expenses) a Fund earns from its portfolio securities and other investments. Capital gain distributions are derived from gains realized when a Fund sells a portfolio security. Long-term capital gains are derived from gains realized when a Fund sells a portfolio security it has owned for more than one year, and short-term capital gains are derived from gains realized when a portfolio security was owned for one year or less. Distributions received from underlying funds can be classified as either ordinary income, return of capital, or long-term capital gains.

The Symmetry Panoramic US Equity Fund, the Symmetry Panoramic International Equity Fund, the Symmetry Panoramic Global Equity Fund, the Symmetry Panoramic Tax-Managed Global Equity Fund, the Symmetry Panoramic Alternatives Fund and Symmetry Panoramic Sector Momentum ETF each intend to distribute substantially all of their net investment income and net capital gains, if any, at least annually, or more frequently as determined to be appropriate by the Adviser. The Symmetry Panoramic US Systematic Fixed Income Fund, the Symmetry Panoramic Municipal Fixed Income Fund, and the Symmetry Panoramic Global Systematic Fixed Income Fund each intend to distribute substantially all of their net investment income, monthly and net capital gains, if any, at least annually. Dividends from net investment income and distributions from net realized gains are recorded on the ex-dividend date and are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP. These “book/tax” differences are considered either temporary (e.g., deferred losses, capital loss carryforwards) or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the composition of net assets based on their Federal tax-basis treatment; and temporary differences do not require reclassification. Any such reclassifications will have no effect on net assets, results of operations or net asset values per share of each Fund.

Interfund Lending — The Funds have entered into an interfund lending and borrowing facility, pursuant to which: (i) each Fund could lend money directly to and borrow money directly from other Funds within the Trust for temporary defensive purposes, namely to cover unanticipated cash shortfalls, such as unanticipated redemptions or sales fails; and (ii) the Funds will not borrow under the facility for leverage purposes and the loans’ duration will be no more than 7 days. This interfund lending facility is intended to provide a borrowing Fund with a source of liquidity at a rate lower than the bank borrowing rate at times when the cash position of the Fund is insufficient to meet temporary cash requirements. In addition, Funds making short-term cash loans directly to other Funds would earn interest at a rate higher than these Funds otherwise could obtain from investing the Funds’ cash in repurchase agreements or certain other short term money market instruments. Thus, this interfund lending facility is expected to benefit both borrowing and lending Funds. For the period ended February 28, 2026, the Funds did not have interfund lending.

There were no outstanding loan balances as of February 28, 2026. Interest expense, if applicable at year end, would be disclosed on the Statements of Operations.

Segment Reporting — The Funds adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (“ASU 2023-07”). Adoption of this standard impacted financial statement disclosures only and did not affect each Fund’s financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity’s chief operating decision maker (CODM) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The management of the Funds’ Adviser acts as each Fund’s CODM. Each Fund represents a single operating segment, as the CODM monitors the operating results of each Fund as a whole and each Fund’s long-term strategic asset allocation is pre-determined in accordance with each Fund’s single investment objective which is executed by each Fund’s portfolio managers. The financial information in the form of each Fund’s schedule of investments, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions), which are used by the CODM to assess the segment’s performance versus each Fund’s comparative benchmarks and to make resource allocation decisions for each Fund’s single segment, is consistent with that presented within each Fund’s financial statements. Segment assets are reflected on the accompanying Statements of Assets and Liabilities as “Total Assets” and significant segment expenses are listed on the accompanying Statements of Operations.

The following table shows the derivatives categorized by underlying risk exposure.

The fair value of derivative instruments as of February 28, 2026, was as follows:

The effect of derivative instruments on the Statements of Operations for the period ended February 28, 2026.

Change in unrealized appreciation or (depreciation) on derivatives recognized in income:

Certain officers of the Trust are also employees of the Administrator, a wholly-owned subsidiary of SEI Investments Company and SEI Investments Distribution Co. (the “Distributor”). Such officers are paid no fees directly by the Trust for serving as officers of the Trust.

The services provided by the Chief Compliance Officer (“CCO”) and the CCO’s staff, who are employees of the Administrator, are paid for by the Trust as incurred. The services include regulatory oversight of the Trust’s Adviser and other service providers as required by SEC regulations. The CCO’s services and fees have been approved by and are reviewed by the Board.

The Funds and the Administrator are parties to an Administration Agreement under which the Administrator provides administration services to the Funds. For these services, the Administrator is paid an asset based fee, which will vary depending on the number of share classes and the average daily net assets of the Funds. For the period ended February 28, 2026, the Funds were charged as follows for these services:

The Distributor serves as each Fund’s Distributor pursuant to a Distribution Agreement with the Trust.

The Bank of New York acts as custodian (the “Custodian”) for the Funds. The Custodian plays no role in determining the investment policies of the Funds or which securities are to be purchased or sold by the Funds.

Apex Fund Services serves as the transfer agent and dividend disbursing agent for the Funds under a transfer agency agreement with the Trust.

The Adviser has entered into an investment advisory agreement with each Fund. For its services to the Funds, the Adviser is entitled to a fee, which is calculated daily and paid monthly, at an annual rate disclosed below based on the average daily net assets of each of the Funds. Subject to general oversight by the Board, the Adviser manages and supervises the investment operations and business affairs of the Funds. The Adviser may select, contract with and compensate one or more sub-advisers to manage all or a portion of a Fund’s portfolio assets, subject to oversight by the Adviser. In this role, the Adviser has supervisory responsibility for managing the investment and reinvestment of each Fund’s portfolio assets through proactive oversight and monitoring of each sub-adviser and the Fund, as described in further detail below. The Adviser is responsible for developing overall investment strategies for the Funds and overseeing and implementing each Fund’s continuous investment programs and provides a variety of advisory oversight and investment research services. The Adviser also provides management and transition services associated with certain fund events (e.g., strategy, portfolio manager or sub-adviser changes) and coordinates and oversees services provided under other agreements. The Adviser has ultimate responsibility to oversee a sub-adviser and recommend to the Board its hiring, termination, and replacement. In this capacity, the Adviser, among other things: (i) monitors on a daily basis the compliance of the sub-adviser with the investment objectives and related policies of the Fund; (ii) monitors significant changes that may impact the sub-adviser’s overall business and regularly performs due diligence reviews of the sub-adviser; (iii) reviews the performance of the sub-adviser; and (iv) reports periodically on such performance to the Board. The Adviser employs a team of investment professionals who provide these ongoing research and monitoring services.

In addition to investment advisory fees, each Fund pays other expenses including costs incurred in connection with the maintenance of its securities law registration, printing and mailing prospectuses and statements of additional information to shareholders, certain financial accounting services, taxes or governmental fees, custodial, transfer and shareholder servicing agent costs, expenses of outside counsel and independent accountants, preparation of shareholder reports and expenses of trustee and shareholders meetings.

The Adviser has agreed to limit each Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in the below table until at least December 31, 2026 (the “Expense Limitation”). For purposes of the Expense Limitation, the term “Operating Expenses” with respect to the Funds is defined to include all expenses necessary or appropriate for the operation of a Fund and including the Adviser’s investment advisory fee detailed in the advisory agreement, any Rule 12b-l fees and/or shareholder services fees and other expenses described in the advisory agreement, but does not include: (i) any front-end or contingent deferred loads; (ii) brokerage fees and commissions, (iii) acquired fund fees and expenses; (iv) borrowing costs (such as interest and dividend expense on securities sold short); (v) taxes; and (vi) extraordinary expenses, such as litigation expenses (which may include indemnification of a Fund’s officers and Trustees, and contractual indemnification of an affected Fund’s service providers (other than the Adviser)).

Effective August 5, 2025, the “Total Annual Fund Operating Expenses” in the registration statement for the Symmetry Panoramic Alternatives Fund, both before and after expense waiver and/or expense reimbursement, do not correlate to the expense ratios in the Fund's Financial Highlights because the Financial Highlights include only the direct operating expenses incurred by the Fund, and exclude Acquired Fund Fees and Expenses. Total Annual Fund Operating Expenses after Expense Reimbursements are 1.63% for Class I Shares if Acquired Fund Fees and Expenses did not reflect fees and expenses associated with certain underlying funds' dividends on short sales and interest expense.

The Adviser also has contractually agreed to waive its advisory fee for each of the Funds until at least December 31, 2026 (“Fee Waiver”) so that the aggregate annual advisory fee retained by the Adviser with respect to each of the Funds after payment of sub-advisory fees does not exceed the amount shown under the “Fee Waiver” column in the following table:

The Adviser may recover all or a portion of the Expense Limitation within a three-year rolling period from the year in which it reduced its fee or reimbursed expenses if a Fund’s total annual operating expenses are below the Expense Limitation that was in place at the time of such fee reductions or expense reimbursements. The Expense Limitation and Fee Waiver agreements may be terminated by the Board without penalty on 60 days’ written notice to the Adviser. The Expense Limitation and Fee Waiver agreements shall terminate automatically in the event of assignment of the investment advisory agreement.

For the period ended February 28, 2026, the Adviser recaptured previously waived fees of $34,128, $74,296, $77,761 and $7,380 for the Symmetry Panoramic US Equity Fund, Symmetry Panoramic International Equity Fund, Symmetry Panoramic Global Equity Fund, Symmetry Panoramic Tax-Managed Global Equity Fund, and Symmetry Panoramic Global Systematic Fixed Income Fund, respectively.

As of February 28, 2026, the following amounts of waivers/reimbursements are subject to recoupment:

The Adviser has engaged AQR Capital Management, LLC (“AQR”) and Dimensional Fund Advisors LP (“DFA”) to provide sub-advisory services to each of the Symmetry Panoramic US Equity Fund, Symmetry Panoramic International Equity Fund and Symmetry Panoramic Global Equity Fund (together, the “Sub-Advised Equity Funds”). The Adviser, however, has not yet allocated any assets of the Symmetry Panoramic International Equity Fund to DFA. The Adviser has engaged J.P. Morgan Investment Management Inc. (“JPMIM”) to provide sub-advisory services to each of the Symmetry Panoramic US Systematic Fixed Income Fund and Symmetry Panoramic Global Systematic Fixed Income Fund and Vident Asset Management provides sub-advisory services to Symmetry Panoramic Sector Momentum ETF (together with the Sub-Advised Equity Funds, the (“Sub-Advised Funds”). The Adviser pays AQR, DFA, JPMIM and Vident Asset Management a portion of its fee, calculated daily and paid monthly. The Sub-Advised Funds are not responsible for the payment of the sub-advisory fees.

The cost of security purchases and the proceeds from security sales other than short-term securities, for the period ended February 28, 2026, were as follows:

The amount and character of income and capital gain distributions to be paid, if any, are determined in accordance with Federal income tax regulations, which may differ from U.S. GAAP. These book/tax differences may be temporary or permanent. To the extent these differences are permanent in nature, they are charged or credited to paid-in capital or distributable earnings, as appropriate, in the period that the differences arise. The permanent differences relate to redemptions in kind, distributions in excess, and utilization of earnings and profits on shareholder redemptions. The following permanent differences were credited or charged to Paid-in Capital or Distributable Earnings as of August 31, 2025:

The tax character of dividends and distributions declared during the fiscal years ended August 31, 2025 and 2024 were as follows:

As of August 31, 2025, the components of Distributable Earnings (Accumulated Losses) on a tax basis were as follows:

Post-October losses represent losses realized on investment transactions from November 1, 2024 through August 31, 2025, that, in accordance with Federal income tax regulations, the Funds elect to defer and treat as having arisen in the following fiscal year.

Deferred late-year losses represent ordinary losses realized on investment transactions from January 1, 2025 through August 31, 2025 and specified losses realized on investment transactions from November 1, 2024 through August 31, 2025.

The Symmetry Panoramic US Systematic Fixed Income Fund, Symmetry Panoramic Municipal Fixed Income Fund and Symmetry Panoramic Global Systematic Fixed Income Fund had Post-October losses of $112,056, $524,994 and $301,293, respectively. The funds elect to treat each as having arisen in the following fiscal year.

The Symmetry Panoramic Alternatives Fund had late year ordinary loss deferral of $12,225.

During the year ended August 31, 2025, the Symmetry Panoramic International Equity Fund and Symmetry Panoramic Alternatives Fund utilized capital loss carryforwards of $4,277,484 and $28,112, respectively, to offset capital gains.

For Federal income tax purposes, capital loss carryforwards may be carried forward and indefinitely applied against all future capital gains. The Funds have capital losses carried forward as follows:

For federal income tax purposes, the cost of securities owned at February 28, 2026, and the net realized gains or losses on securities sold for the period, were different from amounts reported for financial reporting purposes primarily due to wash sales, forward mark to market, futures mark to market and Passive Foreign Investment Company adjustments, which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. For Symmetry Panoramic International Equity Fund, the difference in unrealized appreciation/(depreciation) is attributable to Foreign Capital Gains Tax Payable.

The Federal tax cost and aggregate gross unrealized appreciation and depreciation for the investments held by the Funds at February 28, 2026, were as follows:

As with all mutual funds, there is no guarantee that any of the Funds will achieve the Fund’s investment objective. You could lose money by investing in the Funds. A Fund share is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (the “FDIC”) or any other government agency. The principal risk factors affecting shareholder investments in the Funds are described below.

Please note that certain Funds primarily will invest in shares of registered, open-end investment companies and exchange-traded funds (“ETFs”) (collectively, “Underlying Funds”), or directly in securities or other instruments. Therefore, the risks described below for each Fund are in reference to either the Underlying Funds, direct purchases of the Funds, or both unless otherwise noted.

General Risks of Investing in Underlying Funds — Because each Fund invests in Underlying Funds that invest directly in securities and other instruments, the Fund’s shareholders will be affected by the investment policies of the Underlying Funds in direct proportion to the amount of assets the Fund allocates to those Underlying Funds. Certain of the Funds also may invest in Underlying Funds that in turn invest in foreign issuers and thus are subject to additional risks, including changes in foreign currency exchange rates and country risk. Foreign investments of the Underlying Funds may include securities of issuers located in emerging countries in Asia, Latin America, Eastern Europe and Africa. The Funds also may invest in Underlying Funds that invest in mid-, small-, and micro-capitalization stocks, which may be riskier than investing in larger, more established companies.

A Fund’s investment in Underlying Funds that invest in fixed-income securities will be subject to, among other things, credit (or default) risk and interest rate/maturity risk. Credit (or default) risk is the risk that an issuer or guarantor of a security or a counterparty to a transaction may default on its payment obligations or experience a decline in credit quality. Interest rate/maturity risk is the risk that increases in prevailing interest rates will cause fixed-income securities held by the Fund to decline in value. The magnitude of this decline will often be greater for longer-term fixed-income securities than shorter-term fixed-income securities.

The Underlying Funds will also be subject to prepayment (or call) risk (the risk that an issuer will exercise its right to pay principal on an obligation held by a Fund earlier than expected) and debt extension risk (the risk that an issuer will exercise its right to pay principal on an obligation held by the Fund later than expected).

The Funds may invest in Underlying Funds that invest in asset-backed and structured investment securities, which may involve a greater chance of default during periods of economic downturn than other securities, and may be less liquid and more difficult to value and liquidate. Underlying Funds may also invest in real estate securities, commodity-related securities and money market investments.

The risks described below for each Fund are in reference to either the Underlying Funds, direct purchases of the Funds, or both unless otherwise noted.

Currency Risk — The risk for Funds with international exposures that foreign currencies will increase in value relative to the U.S. dollar and adversely affect the dollar value of the Fund’s investments in foreign (non-U.S.) currencies or in securities that trade in, and receive revenues in, or in derivatives that provide exposure to, foreign (non-U.S.) currencies. Currency risk may be particularly high to the extent that the Fund invests in foreign (non-U.S.) currencies or engages in foreign currency transactions that are economically tied to emerging market countries. Conversely, in strategies where currency risk is hedged, the risk is that a decline in the value of the local currency relative to the U.S. dollar will not be earned by the Fund investor.

Cybersecurity Risk — With the increased use of the Internet and because information technology systems and digital data underlie most of the Fund’s operations, the Fund and its Adviser, any Sub-Advisers, custodian, transfer agent, distributor and other service providers and the financial intermediaries (collectively “Service Providers”), are exposed to the risk that its operations and data may be compromised as a result of internal and external cyber-failures, breaches or attacks. This could occur as a result of malicious or criminal cyber-attacks. Cyber-attacks include actions taken to: (i) steal or corrupt data maintained online or digitally, (ii) gain unauthorized access to or release confidential information, (iii) shut down the Fund or Service Provider website through denial-of-service attacks, or (iv) otherwise disrupt normal business operations. However, events arising from human error, faulty or inadequately implemented policies and procedures or other systems failures unrelated to any external cyber-threat may have effects similar to those caused by deliberate cyber-attacks.

Emerging Markets Risk — A Fund with international exposure’s investments in emerging market countries are subject to all of the risks of foreign investing generally, and have additional heightened risks due to a lack of established legal, political, business and social frameworks to support securities markets. These risks include less social, political and economic stability; smaller securities markets with low or nonexistent trading volume and greater illiquidity and price volatility; more restrictive national policies on foreign investment, including restrictions on investment in issuers or industries deemed sensitive to national interests; less transparent and established taxation policies; less developed regulatory or legal structures governing private and foreign investment; more pervasiveness of corruption and crime; less financial sophistication, creditworthiness and/or resources possessed by, and less government regulation of, the financial institutions and issuers with which the Fund transacts; less government supervision and regulation of business and industry practices, stock exchanges, brokers and listed companies than in the U.S.; greater concentration in a few industries resulting in greater vulnerability to regional and global trade conditions; higher rates of inflation and more rapid and extreme fluctuations in inflation rates; greater sensitivity to interest rate changes; increased volatility in currency exchange rates and potential for currency devaluations and/or currency controls; greater debt burdens relative to the size of the economy; more delays in settling portfolio transactions and heightened risk of loss from share registration and custody practices; and less assurance that recent favorable economic developments will not be slowed or reversed by unanticipated economic, political or social events in such countries.

Because of these risk factors, the Fund’s investments in developing market countries are subject to greater price volatility and illiquidity than investments in developed markets. Governments of emerging market and frontier market countries may own or control parts of the private sector. Accordingly, government actions could have a significant impact on economic conditions. Certain emerging market and frontier market countries require governmental approval prior to investments by foreign persons, limit the amount of investment by foreign persons in a particular sector and/or company, limit the investment by foreign persons to a specific class of securities of an issuer that may have less advantageous rights than a domestically available class, require foreign investors to maintain a trading account with only one licensed securities company in the relevant market and/or impose additional taxes on foreign investors. These may contribute to the illiquidity of the relevant securities market, as well as create inflexibility and uncertainty as to the trading environment.

Equity Risk — For Funds that invest in equity securities, such securities are susceptible to general market fluctuations and volatile increases and decreases in value as market confidence in and perceptions of their issuers change.

Financial Sector Risk — The financial sector can be significantly affected by changes in interest rates, government regulation, the rate of defaults on corporate, consumer and government debt, the availability and cost of capital, and the impact of more stringent capital requirements. The Fund may be adversely affected by events or developments negatively impacting the financial sector.

Fixed Income Securities Risk — Fixed income securities held by the Fund are subject to interest rate risk, call risk, prepayment and extension risk, credit risk, and liquidity risk, which are more fully described below. In addition, current market conditions may pose heightened risks for fixed income securities. Future increases in interest rates could result in less liquidity and greater volatility of fixed income securities. The Fund may lose money if short-term or long-term interest rates rise sharply. Moreover, new regulations applicable to and changing business practices of financial intermediaries restricting their market marking activities for certain fixed income securities, which may reduce the liquidity and increase the volatility for such fixed income securities.

Special Risks of Foreign Securities — Foreign securities involve special risks and costs, which are considered by the investment adviser in evaluating the creditworthiness of issuers and making investment decisions for the Fund. Foreign securities fluctuate in price because of political, financial, social and economic events in foreign countries (including, for example, military confrontations, war and terrorism). A foreign security could also lose value because of more or less stringent foreign securities regulations and less stringent accounting and disclosure standards. In addition, foreign markets may have greater volatility than domestic markets and foreign securities may be less liquid and harder to value than domestic securities.

Foreign securities, and in particular foreign debt securities, are sensitive to changes in interest rates. In addition, investment in the securities of foreign governments involves the risk that foreign governments may default on their obligations or may otherwise not respect the integrity of their obligations. The performance of investments in securities denominated in a foreign currency also will depend, in part, on the strength of the foreign currency against the U.S. dollar and the interest rate environment in the country issuing the currency. Absent other events which otherwise could affect the value of a foreign security (such as a change in the political climate or an issuer’s credit quality), appreciation in the value of the foreign currency generally results in an increase in value of a foreign currency-denominated security in terms of U.S. dollars. A decline in the value of the foreign currency relative to the U.S. dollar generally results in a decrease in value of a foreign currency-denominated security. Additionally, many countries throughout the world are dependent on a healthy U.S. economy and are adversely affected when the U.S. economy weakens or its markets decline.

Investment in foreign securities may involve higher costs than investment in U.S. securities, including higher transaction and custody costs as well as the imposition of additional taxes by foreign governments. Foreign investments also may involve risks associated with the level of currency exchange rates, less complete financial information about the issuers, less market liquidity, more market volatility and political instability. Future political and economic developments, the possible imposition of withholding taxes on dividend income, the possible seizure or nationalization of foreign holdings, the possible establishment of exchange controls or freezes on the convertibility of currency, trade restrictions (including tariffs) or the adoption of other governmental restrictions might adversely affect an investment in foreign securities. Additionally, foreign banks and foreign branches of domestic banks may be subject to less stringent reserve requirements and to different accounting, auditing and recordkeeping requirements.

Futures Contract Risk — The successful use of futures contracts draws upon the Adviser’s or Sub-Adviser’s skill and experience with respect to such instruments and are subject to special risk considerations. The primary risks associated with the use of futures contracts, which may adversely affect the Fund’s net asset value and total return, are (a) the imperfect correlation between the change in market value of the instruments held by the Fund and the price of the futures contract; (b) possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired; (c) losses caused by unanticipated market movements, which are potentially unlimited; (d) the Adviser’s or Sub-Adviser’s inability to predict correctly the direction of securities prices, interest rates, currency exchange rates and other economic factors; (e) the possibility that the counterparty will default in the performance of its obligations; and (f) if the Fund has insufficient cash, it may have to sell securities from its portfolio to meet daily variation margin requirements, and the Fund may have to sell securities at a time when it may be disadvantageous to do so.

Geographic and Sector Risk — The risk that if a Fund invests a significant portion of its total assets in certain issuers within the same geographic region or economic sector, an adverse economic, business or political development affecting that region or sector may affect the value of the Fund’s investments more than if the Fund’s investments were not so focused. While the Funds may not concentrate in any one industry, a Fund may invest without limitation in a particular country or market sector.

The Adviser determines the appropriate country and industry categories and assigns issuers to them based on a variety of considerations, including relevant third party categorization and classification systems. Country and industry categories and issuer assignments may change over time as industry sectors and issuers evolve. The Adviser and sub-advisers may use a variety of classification methodologies when performing day-to-day management of the funds. Country classifications shown in this shareholder report generally represent Country of Risk.

Investment Companies and Exchange-Traded Funds Risk — When a Fund invests in other investment companies, including ETFs, it will bear additional expenses based on its pro rata share of the other investment company’s or ETF’s operating expenses, including the management fees of the Underlying Fund in addition to those paid by the Fund. The risk of owning an Underlying Fund generally reflects the risks of owning the underlying investments the Underlying Fund holds. The Fund also will incur brokerage costs when it purchases and sells ETFs.

Investment Style Risk — The risk that different investment styles (e.g., “growth,” “value,” or “quantitative”) tend to shift in and out of favor, depending on market and economic conditions as well as investor sentiment. The Fund may outperform or underperform other funds that employ a different investment style.

Certain Sub-Advisers may rely heavily on quantitative models and information and data supplied by third parties (“Models and Data”). Models and Data are used to construct sets of transactions and investments, to provide risk management insights, and to assist in hedging investments.

When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks. Similarly, any hedging based on faulty Models and Data may prove to be unsuccessful. Some of the models used for the Fund are predictive in nature. The use of predictive models has inherent risks. Because predictive models are usually constructed based on historical data supplied by third parties, the success of relying on such models may depend heavily on the accuracy and reliability of the supplied historical data. The Fund bears the risk that the quantitative models used will not be successful in selecting companies for investment or in determining the weighting of investment positions that will enable the Fund to achieve its investment objective.

All models rely on correct market data inputs. If incorrect market data is entered into even a well-founded model, the resulting information will be incorrect. However, even if market data is input correctly, “model prices” will often differ substantially from market prices, especially for instruments with complex characteristics, such as derivative instruments.

Liquidity Risk — There is risk that a Fund may not be able to pay redemption proceeds within the time periods described in this Prospectus because of unusual market conditions, an unusually high volume of redemption requests, legal restrictions impairing its ability to sell particular securities or close derivative positions at an advantageous market price or other reasons. Certain portfolio securities may be less liquid than others, which may make them difficult or impossible to sell at the time and the price that a Fund would like or difficult to value. A Fund may have to lower the price, sell other securities instead or forgo an investment opportunity. Any of these events could have a negative effect on Fund management or performance. Funds with principal investment strategies that involve investments in securities of companies with smaller market capitalizations, foreign securities, Rule 144A securities, derivatives or securities with substantial market and/or credit risk tend to have the greatest exposure to liquidity risk.

Litigation and Enforcement Risk — Companies involved in significant restructuring tend to involve increased litigation risk, including for investors in these companies. This risk may be greater in the event a Fund takes a large position or is otherwise prominently involved. The expense of defending against (or asserting) claims and paying any amounts pursuant to settlements or judgments would be borne by the Fund (directly if it were directly involved or indirectly in the case of claims by or against an underlying company or settlements or judgments paid by an underlying company). Further, ownership of companies over certain threshold levels involves additional filing requirements and substantive regulation on such owners, and if the Fund fails to comply with all of these requirements, the Fund may be forced to disgorge profits, pay fines or otherwise bear losses or other costs from such failure to comply.

In addition, there have been a number of widely reported instances of violations of securities laws through the misuse of confidential information. Such violations may result in substantial liabilities for damages caused to others, for the disgorgement of profits realized and for penalties. Investigations and enforcement proceedings may be charged with involvement in such violations. Furthermore, if persons associated with a company in which the Fund invested engages in such violations, that Fund could be exposed to losses.

Management Risk — The net asset value of the Fund changes daily based on the performance of the securities and derivatives in which it invests. The Adviser’s judgments about the attractiveness, value and potential appreciation of particular securities or derivatives in which the Fund invests may prove to be incorrect and may not produce the desired results. Additionally, the Adviser may have conflicts of interest that could interfere with its management of the Fund’s portfolio. For example, the Adviser or its affiliates may manage other investment funds or have other clients that may be similar to, or overlap with, the investment objective and strategy of the Fund, creating potential conflicts of interest when making decisions regarding which investments may be appropriate for the Fund and other clients. Further information regarding conflicts of interest is available in the SAI.

Market Capitalization Risk — Stocks fall into the following broad market capitalization categories—large, medium, small and micro. A Fund that invests primarily in one of these categories carries the risk that due to current market conditions that category may be out of favor with investors. If valuations of large capitalization companies appear to be greatly out of proportion to the valuations of micro, small or medium capitalization companies, investors may migrate to the stocks of micro, small and medium-sized companies. Larger, more established companies may also be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Many larger companies also may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion.

Investing in medium, small, and micro capitalization companies may be subject to special risks associated with narrower product lines, more limited financial resources, fewer experienced managers, dependence on a few key employees, and a more limited trading market for their stocks, as compared with larger companies. In addition, securities of these companies are subject to the risk that, during certain periods, the liquidity of particular issuers or industries will shrink or disappear with little forewarning as a result of adverse economic or market conditions, or adverse investor perceptions, whether or not accurate. Securities of medium, small and micro capitalization issuers may therefore be subject to greater price volatility and may decline more significantly in market downturns than securities of larger companies.

Micro, small and medium capitalization issuers may also require substantial additional capital to support their operations, to finance expansion or to maintain their competitive position; and such issuers may have substantial borrowings or may otherwise have a weak financial condition, and may be susceptible to bankruptcy. Transaction costs for these investments are often higher than those of larger capitalization companies. There is typically less publicly available information about small and micro capitalization companies. Generally, the smaller the company size, the greater the risk.

Some micro, small, and medium capitalization companies also may be relatively new issuers, which carries risks in addition to the risks of other medium, small and micro capitalization companies. New issuers may be more speculative because such companies are relatively unseasoned. These companies will often be involved in the development or marketing of a new product with no established market, which could lead to significant losses.

Market Risk — Overall capital market risk may affect the value of individual instruments in which the Fund invests. Factors such as domestic and foreign economic growth and market conditions, interest rate levels, and political events affect the securities markets. When the value of the Fund’s investments goes down, your investment in the Fund decreases in value and you could lose money. Financial markets are subject to periods of high volatility, depressed valuations, decreased liquidity and heightened uncertainty. Markets may be volatile and values of individual securities and other investments may decline significantly in response to adverse issuer, political, regulatory, market, economic, public health, or other developments that may cause broad changes in market value, public perceptions concerning these developments, and adverse investor sentiment or publicity. Changes in the financial condition of a single issuer may impact a market as a whole. Changes in value may be temporary or may last for extended periods. Geopolitical risks, including terrorism, tensions or open conflict between nations, or political or economic dysfunction within some nations that are major players on the world stage or major producers of oil, may lead to overall instability in world economies and markets generally and have led, and may in the future lead, to increased market volatility and may have adverse long-term effects. Similarly, environmental and public health risks, such as natural disasters, epidemics or pandemics or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. Governmental policy and legislative changes also may contribute to decreased liquidity and increased volatility in the financial markets.

Public health crises caused by epidemics or pandemics, may exacerbate other pre-existing political, social, economic, and financial risks. All of these risks may have a material adverse effect on the performance and financial condition of the securities in which a Fund invests, and on the overall performance of the Fund. Other outbreaks of infectious diseases or other public health issues that may arise in the future may have similar or worse effects. The impact of infectious diseases may be greater in countries that do not move effectively to control them or that have limited access to vaccines, which may occur because of a lack of health care or economic resources or for political or other reasons.

Global economies and financial markets are highly interconnected, which increases the possibility that conditions in one country or region might adversely impact issuers in, or foreign exchange rates with, a different country or region. The rise in protectionist trade policies, and changes to some major international trade agreements and the potential for changes to others, could affect the economies of many countries in ways that cannot necessarily be foreseen at the present time. Political and diplomatic events within the U.S. and abroad, including the current contentious domestic political environment and changes in the U.S. presidential administration and Congress, may affect investor and consumer confidence and may adversely impact financial markets and the broader economy, perhaps suddenly and to a significant degree. The United States has developed increasingly strained relations with a number of foreign countries. If relations with certain countries deteriorate, it could adversely affect U.S. issuers as well as non-U.S. issuers that rely on the United States for trade. Financial markets in the United States and China have been sensitive to the outlook for resolving ongoing U.S.-China trade disputes.

High public debt in the U.S. and other countries creates ongoing systemic and market risks and policymaking uncertainty. Economic, political and other developments may result in a further increase in the amount of public debt, including in the United States. The long-term consequences of high public debt are not known with certainty.

Funds and their advisers, as well as many of the companies in which they invest, are subject to regulation by the federal government. There is a potential for materially increased regulation in the future, as well as higher taxes or taxes restructured to incentivize different activities. These changes, should they occur, may impose added costs on a Fund and its service providers, and affect the businesses of various portfolio companies, in ways that cannot necessarily be foreseen at the present time.

In addition, global climate change may have an adverse effect on the value of securities and other assets, such as real estate. A rise in sea levels, an increase in powerful windstorms and/or a storm-driven increase in flooding could cause coastal properties to lose value or become unmarketable altogether. Large wildfires such as those driven by high winds and prolonged drought have devastated, and in the future may devastate entire communities and may be very costly to any business found to be responsible for the fire or conducting business or operations in affected areas. Regulatory changes and divestment movements tied to concerns about climate change could adversely affect the value of certain land and the viability of industries whose activities or products are seen as accelerating climate change. Losses related to climate change could adversely affect corporate borrowers and mortgage lenders, the value of mortgage-backed securities, the bonds of municipalities that depend on tax revenues and tourist dollars generated by such properties, and insurers of the property and/or of corporate, municipal or mortgage-backed securities. Since property and security values are driven largely by buyers’ perceptions, it is difficult to know the time period over which these effects might unfold. Economists warn that, unlike previous declines in the real estate market, properties in affected coastal zones may never recover their value. Similarly, efforts to address climate change, including increased environmental regulation, may adversely impact individual companies, industries or sectors of the economy, such as energy and manufacturing companies, which could lead to declines in the value of securities and other instruments issued by such companies.

Municipal Bond Risk — The Funds that invest in municipal bonds may be affected significantly by the economic, regulatory or political developments affecting the ability of issuers of municipal bonds to pay interest or repay principal. In addition, the ability of an issuer to make payments or repay interest may be affected by litigation or bankruptcy. In the event of bankruptcy of such an issuer, a Fund investing in the issuer’s securities could experience delays in collecting principal and interest, and the Fund may not, in all circumstances, be able to collect all principal and interest to which it is entitled. To enforce its rights in the event of a default in the payment of interest or repayment of principal, or both, a Fund may, in some instances, take possession of, and manage, the assets securing the issuer’s obligations on such securities, which may increase the Fund’s operating expenses. Any income derived from the Fund’s ownership or operation of such assets may not be tax-exempt. Municipal bonds are generally subject to interest rate, credit and market risk.

Because many municipal bonds are issued to finance similar projects (such as those relating to education, health care, housing, transportation, and utilities), conditions in those sectors may affect the overall municipal securities market. In addition, changes in the financial condition of an individual municipal issuer can affect the overall municipal market. Municipal bonds backed by current or anticipated revenues from a specific project or specific assets can be negatively affected by the discontinuance of the supporting taxation or the inability to collect revenues for the specific project or specific assets. Municipal bonds are subject to the risk that the Internal Revenue Service (the “IRS”) may determine that an issuer has not complied with applicable tax requirements and that interest from the municipal bond is taxable, which may result in a significant decline in the value of the security.

Municipal bonds may be less liquid than taxable bonds and there may be less publicly available information on the financial condition of municipal bond issuers than for issuers of other securities, and the investment performance of a fund investing in municipal bonds may therefore be more dependent on the analytical abilities of the Adviser than if the fund held other types of investments such as stocks or taxable bonds. The secondary market for municipal bonds also tends to be less well-developed or liquid than many other securities markets, a by-product of lower capital commitments to the asset class by the dealer community, which may adversely affect a fund’s ability to sell municipal bonds it holds at attractive prices or value municipal bonds.

Operational Risk - Operational risks include human error, changes in personnel, system changes, faults in communication, and failures in systems, technology, or processes. Various operational events or circumstances are outside the Adviser’s and the Sub-Advisers’ control, including instances at third parties. The Fund, the Adviser and the Sub-Advisers seek to reduce these operational risks through control and procedures. However, these measures do not address every possible risk and may be inadequate to address these risk.

ReFlow Liquidity Program — The Funds may participate in a variety of liquidity programs offered by ReFlow Fund, LLC. These include the ReFlow Redemption Service, which is designed to provide alternative sources of liquidity to funds experiencing net redemptions of their shares. The ReFlow Redemption Service provides participating funds with a source of cash to meet net shareholder redemptions by standing ready each business day to purchase fund shares up to the value of the net shares redeemed from the fund and settling the next business day, subject to certain limitations. Following purchases of fund shares, ReFlow then generally redeems those shares when a Fund experiences net sales, at the end of a maximum holding period determined by ReFlow, or at other times at ReFlow’s discretion. In the event a Fund uses the ReFlow Redemption Service, the Fund will pay a fee to ReFlow each time ReFlow purchases Fund shares, calculated by multiplying the value of shares ReFlow purchases by a rate determined through an automated daily auction. In accordance with federal securities laws, ReFlow is prohibited from acquiring more than 3% of the outstanding voting securities of a Fund. By participating in the ReFlow programs, a Fund may maintain a lower cash balance than might otherwise be required. In an environment of declining market values, a Fund participating in the ReFlow programs may experience a greater decrease in value than it would if it did not participate in the programs and instead maintained a higher cash balance.

REIT Risk — Investments in REITs, which pool investors’ capital to purchase or finance real estate investments, involve certain unique risks, including concentration risk (by geography or property type) and interest rate risk (i.e., in a rising interest rate environment, the stock prices of real estate-related investments may decline and the borrowing costs of these companies may increase). In addition, REITs are susceptible to the risks associated with direct ownership of real estate, such as declines in property values, increases in property taxes, operating expenses or competition, overbuilding, zoning changes; and losses from casualty or condemnation. REITs typically incur fees that are separate from those of the Fund.

Small Fund Risk — Symmetry Panoramic Municipal Fixed Income Fund and Symmetry Panoramic Alternative Fund currently have fewer assets than larger funds. Thus, like other small funds, inflows and outflows may impact its market exposure. In addition, if a Fund does not attract additional assets, the Fund’s fixed costs will continue to be spread over a small asset base, which could result in increased shareholder expenses (if the Fund were not subject to an expense cap) or force the Fund to liquidate.

Swap Risk — Swap agreements are subject to the risk that the counterparty to the swap will default on its obligation to pay a Fund and the risk that a Fund will not be able to meet its obligations to pay the counterparty to the swap. In addition, there is the risk that a swap may be terminated by a Fund or the counterparty in accordance with its terms. If a swap were to terminate, a Fund may be unable to implement its investment strategies and a Fund may not be able to seek to achieve its investment objective.

U.S. Government Securities Risk — Treasury obligations may differ in their interest rates, maturities, times of issuance and other characteristics. Obligations of U.S. Government agencies and authorities are supported by varying degrees of credit but generally are not backed by the full faith and credit of the U.S. Government. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so. In addition, the value of U.S. Government securities may be affected by changes in the credit rating of the U.S. Government.

Valuation Risk — The sale price the Fund could receive for a security may differ from the Fund’s valuation of the security, particularly for securities that trade in low volume or volatile markets, or that are valued using a fair value methodology. Because portfolio securities of the Fund may be traded on non-U.S. exchanges, and non-U.S. exchanges may be open on days when the Fund does not price its shares, the value of the securities in the Fund’s portfolio may change on days when shareholders will not be able to purchase or sell the Fund’s shares.

As of February 28, 2026, the percentage of total shares outstanding held by shareholders of the Funds, which are comprised of individual shareholders and omnibus accounts that are held on behalf of various individual shareholders owning 10% or greater of the aggregate total shares outstanding for each Fund, were as follows:

In the normal course of business, the Funds enter into contracts that provide general indemnifications. The Funds’ maximum exposure under these arrangements is dependent on future claims that may be made against the Funds and, therefore, cannot be established; however, based on experience, the risk of loss from such claim is considered remote.

In December 2023, the FASB issued Accounting Standards Update 2023-09 (“ASU 2023-09”), Income Taxes (Topic 740) Improvements to Income Tax Disclosures, which amends quantitative and qualitative income tax disclosure requirements in order to increase disclosure consistency, bifurcate income tax information by jurisdiction and remove information that is no longer beneficial. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, and early adoption is permitted. Fund Management is evaluating the impacts of these changes on the Funds’ financial statements.

The Funds have evaluated the need for additional disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. Based on this evaluation, no additional disclosures and/or adjustments were required to the financial statements.

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

There were no matters submitted to a vote of shareholders during the period covered by this report.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

The remuneration paid by the company during the period covered by the report to the Trustees on the company’s Board of Trustees is disclosed within the Statement(s) of Operations of the financial statements (Item 7).

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Pursuant to Section 15 of the Investment Company Act of 1940 (the “1940 Act”), the Fund’s advisory and sub-advisory agreements (the “Agreements”) must be approved: (i) by a vote of a majority of the shareholders of the Fund; and (ii) by the vote of a majority of the members of the Board of Trustees (the “Board” or the “Trustees”) of Symmetry Panoramic Trust (the “Trust”) who are not parties to the Agreements or “interested persons” of any party thereto, as defined in the 1940 Act (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on such approval.

A Board meeting was held on June 17-18, 2025 to decide whether to approve the Agreements for initial two-year terms. In preparation for the meeting, the Trustees requested that the Adviser and the Sub-Adviser furnish information necessary to evaluate the terms of the Agreements. The Trustees used this information, as well as other information that the Adviser, the Sub-Adviser and other service providers of the Fund presented or submitted to the Board at the meeting and other meetings held during the prior year, to help them decide whether to approve the Agreements for initial two-year terms.

Specifically, the Board requested and received written materials from the Adviser, the Sub-Adviser and other service providers of the Fund regarding: (i) the nature, extent and quality of the services to be provided by the Adviser and the Sub-Adviser; (ii) the Adviser’s and the Sub-Adviser’s investment management personnel; (iii) the Adviser’s and the Sub-Adviser’s operations and financial condition; (iv) the Adviser’s and the Sub-Adviser’s brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the Fund’s proposed advisory fees to be paid to the Adviser and the Sub-Adviser and overall fees and operating expenses compared with a peer group of funds; (vi) the Adviser’s and the Sub-Adviser’s compliance programs, including a description of any material compliance matters and any material compliance violations; (vii) the Adviser’s and the Sub-Adviser’s policies on and compliance procedures for personal securities transactions; (viii) the Adviser’s and the Sub-Adviser’s investment experience; (ix) the Adviser’s rationale for introducing the Fund as well as the Fund’s proposed objective and strategy; (x) the Adviser’s rationale for recommending the Sub-Adviser; and (x) the Adviser’s performance in managing similar accounts.

Representatives from the Adviser and the Sub-Adviser, along with other Fund service providers, presented additional information and participated in question and answer sessions at the meeting to help the Trustees evaluate the Adviser’s and the Sub-Adviser’s services, fees and other aspects of the Agreements. The Independent Trustees received advice from independent counsel and met in executive session outside the presence of Fund management, the Adviser and the Sub-Adviser.

At the Board meeting, the Trustees, including all of the Independent Trustees, based on their evaluation of the information provided by the Adviser, the Sub-Adviser and other service providers of the Fund, approved the Agreements. In considering the approval of the Agreements, the Board considered various factors that they determined were relevant, including: (i) the nature, extent and quality of the services to be provided by the Adviser and the Sub-Adviser; and (ii) the fees to be paid to the Adviser and the Sub-Adviser, as discussed in further detail below.

Nature, Extent and Quality of Services to be Provided by the Adviser and the Sub-Adviser

In considering the nature, extent and quality of the services to be provided by the Adviser and the Sub-Adviser, the Board reviewed the portfolio management services to be provided by the Adviser and the Sub-Adviser to the Fund, including the quality and continuity of the Adviser’s and the Sub-Adviser’s portfolio management personnel, the resources of the Adviser and the Sub-Adviser, and the Adviser’s and the Sub-Adviser’s compliance histories and compliance programs. The Trustees reviewed the terms of the proposed Agreements. The Trustees also reviewed the Adviser’s and the Sub-Adviser’s proposed investment and risk management approaches for the Fund. The Trustees considered that the Adviser would supervise and monitor the performance of the Sub-Adviser. The most recent investment adviser registration forms (“Form ADV”) for the Adviser and the Sub-Adviser were available to the Board, as were the responses of the Adviser and the Sub-Adviser to a detailed series of questions which included, among other things, information about the investment advisory services to be provided by the Adviser and the Sub-Adviser to the Fund.

The Trustees also considered other services to be provided to the Fund by the Adviser and the Sub-Adviser such as selecting broker-dealers for executing portfolio transactions, monitoring adherence to the Fund’s investment restrictions, and monitoring compliance with various Fund policies and procedures and with applicable securities laws and regulations. Based on the factors above, as well as those discussed below, the Board concluded, within the context of its full deliberations, that the nature, extent and quality of the services to be provided to the Fund by the Adviser and the Sub-Adviser would be satisfactory.

In considering the advisory fee payable by the Fund to the Adviser, as well as the fee payable by the Adviser to the Sub-Adviser, the Trustees reviewed, among other things, a report of the proposed advisory fees to be paid to the Adviser and the Sub-Adviser. The Trustees also reviewed reports prepared by the Fund’s administrator comparing the Fund’s net and gross expense ratios and advisory fees to those paid by a peer group of funds as classified by Lipper, an independent provider of investment company data. The Trustees reviewed pro forma fee and expense information, as well as the management fees charged by the Adviser to other clients with comparable mandates. The Trustees considered any differences in management fees and took into account the respective demands, resources and complexity associated with the Fund and other client accounts as well as the extensive regulatory, compliance and tax regimes to which the Fund is subject. The Trustees also considered that the Adviser, not the Fund, would pay the Sub-Adviser pursuant to the sub-advisory agreement and that the fee payable to the Sub-Adviser would reflect an arms-length negotiation between the Adviser and the Sub-Adviser. The Trustees evaluated both the fee that would be payable under the sub-advisory agreement and the portion of the fee under the advisory agreement that would be retained by the Adviser. The Board concluded, within the context of its full deliberations, that the advisory fees were reasonable in light of the nature and quality of the services expected to be rendered by the Adviser and the Sub-Adviser.

Because the Fund was new and had not commenced operations, it did not yet have an investment performance record and it was not possible to determine the profitability that the Adviser or the Sub-Adviser might achieve with respect to the Fund or the extent to which economies of scale would be realized by the Adviser or the Sub-Adviser as the assets of the Fund grow. Accordingly, the Trustees did not make any conclusions regarding the Fund’s investment performance, the Adviser’s or the Sub-Adviser’s profitability, or the extent to which economies of scale would be realized by the Adviser or the Sub-Adviser as the assets of the Fund grow, but will do so during future considerations of the Agreements.

Based on the Board’s deliberations and its evaluation of the information described above and other factors and information it believed relevant in the exercise of its reasonable business judgment, the Board, including all of the Independent Trustees, with the assistance of Fund counsel and Independent Trustees’ counsel, unanimously concluded that the terms of the Agreements, including the fees to be paid thereunder, were fair and reasonable and agreed to approve the Agreements for initial terms of two years. In its deliberations, the Board did not identify any absence of information as material to its decision, or any particular factor (or conclusion with respect thereto) or single piece of information that was all-important, controlling or determinative of its decision, but considered all of the factors together, and each Trustee may have attributed different weights to the various factors (and conclusions with respect thereto) and information.

This report is not authorized for distribution to prospective investors in the Funds unless preceded or accompanied by an effective prospectus.

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Item 14. Purchases of Equity Securities by Closed-End Management Company and Affiliated Purchasers.

There have been no changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees during the period covered by this report.

(a) The Registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant's disclosure controls and procedures, as defined in Rule 30a-3(c) under the Act (17 CFR § 270.30a-3(c)), as of a date within 90 days of the filing date of the report, are effective based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR § 270.30a-3(b)) and Rule 13a-15(b) or Rule 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR § 240.13a-15(b) or 240.15d-15(b)).

(b) There has been no change in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR § 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Financial Statements (Form N-CSRS Item 7)
Schedules of Investments	1
Glossary	137
Statements of Assets and Liabilities	138
Statements of Operations	142
Statements of Changes in Net Assets	148
Financial Highlights	157
Notes to Financial Statements	166
Other Information (Form N-CSRS Items 8-11)	205

	Shares		Value
AUSTRALIA — 0.3%
MATERIALS — 0.3%
Anglogold Ashanti		10,547	$	1,347,590

GUATEMALA — 0.2%
COMMUNICATION SERVICES — 0.2%
Millicom International Cellular		11,546		841,588

SOUTH KOREA — 0.0%
CONSUMER DISCRETIONARY — 0.0%
Coupang, Cl A *		811		15,474

UNITED STATES — 65.4%
COMMUNICATION SERVICES — 6.6%
Alphabet, Cl A		36,333		11,327,176
Alphabet, Cl C		10,990		3,422,616
AT&T		20,950		586,809
Charter Communications, Cl A *		919		215,625
Comcast, Cl A		5,569		172,416
Electronic Arts		797		159,854
Fox, Cl A		2,572		144,906
Fox, Cl B		2,153		111,375
Liberty Media -Liberty Formula One, Cl A *		143		12,065
Liberty Media -Liberty Formula One, Cl C *		1,373		125,753
Live Nation Entertainment *		1,042		168,950
Meta Platforms, Cl A		10,409		6,746,906
Netflix *		24,470		2,354,993
News, Cl A		2,994		72,724
News, Cl B		1,153		30,877
Pinterest, Cl A *		3,327		56,991
ROBLOX, Cl A *		653		44,835
Spotify Technology *		140		72,092
Take-Two Interactive Software *		262		55,408
TKO Group Holdings, Cl A		126		28,208
T-Mobile US		1,852		402,051
Trade Desk, Cl A *		607		14,459
Verizon Communications		14,320		718,005
Versant Media Group *		370		12,319
Walt Disney		2,705		286,838

	Shares		Value
UNITED STATES — continued
COMMUNICATION SERVICES — continued
Warner Bros Discovery *		20,962	$	590,499
				27,934,750
CONSUMER DISCRETIONARY — 6.1%
Airbnb, Cl A *		497		67,150
Amazon.com *		24,974		5,244,540
AutoNation *		7,727		1,508,001
AutoZone *		177		664,738
Booking Holdings		82		347,627
Burlington Stores *		321		98,505
Carnival		6,841		215,834
Carvana, Cl A *		274		91,560
Chipotle Mexican Grill, Cl A *		6,100		227,042
Darden Restaurants		1,101		235,449
Dick's Sporting Goods		5,830		1,187,163
DoorDash, Cl A *		921		162,529
DR Horton		5,425		870,116
eBay		2,292		208,251
Expedia Group		868		187,219
Flutter Entertainment *		256		27,172
Ford Motor		14,676		206,785
Garmin		1,308		330,702
General Motors		5,322		418,895
Genuine Parts		755		90,041
Hilton Worldwide Holdings		634		197,668
Home Depot		2,435		927,053
Las Vegas Sands		2,035		115,425
Lennar, Cl A		2,951		337,476
Lennar, Cl B		100		10,673
Lowe's		1,323		350,026
Lululemon Athletica *		747		138,322
Marriott International, Cl A		630		215,290
McDonald's		1,008		343,788
NIKE, Cl B		1,255		78,036
NVR *		26		195,462
Ollie's Bargain Outlet Holdings *		332		35,557
O'Reilly Automotive *		5,790		543,565
Penske Automotive Group		6,182		973,789
PulteGroup		8,445		1,158,654
Ralph Lauren, Cl A		929		336,855

	Shares		Value
UNITED STATES — continued
CONSUMER DISCRETIONARY — continued
Rivian Automotive, Cl A *		4,232	$	64,877
Ross Stores		1,318		271,033
Royal Caribbean Cruises		7,000		2,176,720
Somnigroup International		969		86,735
Starbucks		1,545		151,441
Tapestry		1,285		199,779
Tesla *		2,478		997,420
TJX		3,445		556,919
Tractor Supply		9,425		488,592
Ulta Beauty *		475		325,275
Williams-Sonoma		9,258		1,903,908
Yum! Brands		1,372		230,715
				25,800,372
CONSUMER STAPLES — 3.8%
Altria Group		11,744		810,806
Archer-Daniels-Midland		1,469		101,420
Casey's General Stores		1,031		706,843
Church & Dwight		1,164		122,057
Coca-Cola		6,940		566,026
Colgate-Palmolive		2,232		221,281
Constellation Brands, Cl A		786		124,078
Costco Wholesale		1,162		1,174,538
Dollar General		2,451		382,944
Dollar Tree *		498		62,987
Estee Lauder, Cl A		336		36,782
General Mills		2,300		104,029
Hershey		658		155,472
Kenvue		5,872		112,273
Keurig Dr Pepper		4,152		125,723
Kimberly-Clark		1,015		113,112
Kraft Heinz		3,652		89,876
Kroger		8,706		594,097
McCormick		100		7,080
Mondelez International, Cl A		3,049		187,757
Monster Beverage *		1,994		170,088
PepsiCo		2,786		472,896
Philip Morris International		3,855		720,230
Procter & Gamble		4,605		769,956
Sysco		1,996		181,955

	Shares		Value
UNITED STATES — continued
CONSUMER STAPLES — continued
Target		2,520	$	286,751
Tyson Foods, Cl A		1,091		70,904
US Foods Holding *		2,858		276,111
Walmart		55,078		7,047,230
				15,795,302
ENERGY — 2.8%
Baker Hughes, Cl A		6,926		451,991
Cheniere Energy		1,475		347,702
Chevron		6,447		1,203,986
ConocoPhillips		6,301		714,911
Coterra Energy		3,281		100,366
Devon Energy		5,733		249,557
Diamondback Energy		4,908		854,385
EOG Resources		3,408		422,865
EQT		1,832		112,521
Expand Energy		972		104,898
Exxon Mobil		20,630		3,146,075
Halliburton		8,943		321,948
Kinder Morgan		10,432		347,073
Marathon Petroleum		4,453		882,629
Occidental Petroleum		7,073		375,435
ONEOK		2,122		175,638
Phillips 66		1,718		265,139
SLB		5,608		287,915
Targa Resources		2,215		522,297
TechnipFMC		3,183		211,065
Texas Pacific Land		309		162,005
Valero Energy		2,008		410,917
Williams		3,528		263,612
				11,934,930
FINANCIALS — 9.4%
Affirm Holdings, Cl A *		1,188		55,812
Aflac		4,970		561,262
Allstate		4,063		871,595
American Express		2,063		637,261
American International Group		3,061		246,380
Ameriprise Financial		3,182		1,495,922
Aon, Cl A		1,700		570,299

	Shares		Value
EQUITY FUNDS — continued
Vanguard US Value Factor ETF		83,957	$	11,859,766
Total Registered Investment Companies
(Cost $90,670,189)				141,707,386

	Number of Rights
Abiomed* ⁽¹⁾		362	5,651

Total Rights
(Cost $–)			5,651

	Shares
DWS Government Money Market Series, Institutional Shares, 3.690% (A)
(Cost $1,893,379)		1,893,379		1,893,379

Total Investments — 100.1%
(Cost $205,830,071)			$	421,084,042

Type of Contract	Number of Contracts		Expiration Date	Notional Amount		Value		Unrealized Depreciation
Long Contracts
S&P 500 Index E-Mini		2	Mar-2026	$	700,748	$	688,900	$	(11,848	)

*	Non-income producing security.
(1)	Level 3 security in accordance with fair value hierarchy.
(A)	The rate reported is the 7-day effective yield as of February 28, 2026.

Investments in Securities	Level 1		Level 2		Level 3#		Total
Common Stock	$	277,477,626	$	–	$	–	$	277,477,626
Registered Investment Companies		141,707,386		–		–		141,707,386
Rights		–		–		5,651		5,651
Short-Term Investment		1,893,379		–		–		1,893,379
Total Investments in Securities	$	421,078,391	$	–	$	5,651	$	421,084,042

Other Financial Instruments	Level 1			Level 2		Level 3		Total
Future Contracts^
Unrealized Depreciation	$	(11,848	)	$	–	$	–	$	(11,848	)
Total Other Financial Instruments	$	(11,848	)	$	–	$	–	$	(11,848	)

	Shares		Value
EQUITY FUNDS — 65.0%
AQR International Defensive Style Fund, Cl R6		343,789	$	6,030,061
Avantis Emerging Markets Equity ETF		163,004		14,458,455
Avantis International Equity ETF		46,069		4,247,562
Avantis International Small Cap Value ETF		64,551		7,106,420
DFA Emerging Markets Portfolio, Cl I		439,980		18,804,737
DFA Emerging Markets Small Cap Portfolio, Cl I		373,488		10,879,708
DFA Emerging Markets Targeted Value Portfolio, Cl I		141,318		2,064,649
DFA International High Relative Profitability Portfolio, Cl I		719,647		12,241,192
DFA International Real Estate Securities, Cl I		1,441,442		5,736,940
DFA International Small Cap Growth Portfolio, Cl I		78,161		1,582,761
DFA International Small Cap Value Portfolio, Cl I		362,340		12,841,334
DFA International Value Portfolio, Cl I		394,997		12,695,191
DFA Large Cap International Portfolio, Cl I (A)		688,570		26,447,971
Dimensional Emerging Markets High Profitability		182,685		6,779,440
iShares MSCI EAFE Min Vol Factor ETF		68,232		6,473,170
iShares MSCI Emerging Markets Min Vol Factor ETF		111,000		7,640,130
Schwab International Small-Cap Equity ETF		46,236		2,383,003
Total Registered Investment Companies
(Cost $88,287,364)				158,412,724
COMMON STOCK — 32.7%

AUSTRALIA — 0.4%
COMMUNICATION SERVICES — 0.1%
REA Group		1,089		128,837

CONSUMER DISCRETIONARY — 0.0%
Wesfarmers		1,889		107,017

MATERIALS — 0.3%
Anglogold Ashanti		1,092		139,703
BlueScope Steel		2,717		54,125

COMMON STOCK — continued

	Shares		Value
AUSTRALIA — continued
MATERIALS — continued
Evolution Mining		3,013	$	35,746
Fortescue		30,993		465,551
				695,125

				930,979
AUSTRIA — 0.1%
FINANCIALS — 0.1%
Erste Group Bank		2,598		308,368

BRAZIL — 0.4%
CONSUMER DISCRETIONARY — 0.0%
Vibra Energia		1,700		9,849

CONSUMER STAPLES — 0.1%
MBRF Global Foods		20,100		81,161

FINANCIALS — 0.0%
Banco Bradesco ADR		12,347		50,499

INDUSTRIALS — 0.0%
Embraer ADR		177		12,783
WEG		8,000		77,558
				90,341

MATERIALS — 0.1%
Wheaton Precious Metals		1,709		278,479

UTILITIES — 0.2%
Axia Energia		5,000		60,041

WARRANTS — 0.0%

	Number of
	Warrants		Value
Constellation Software, Expires 08/22/28⁽¹⁾		28	$	—

Total Warrants
(Cost $–)				—

SHORT-TERM INVESTMENT — 2.1%
	Shares
DWS Government Money Market Series, Institutional Shares, 3.690% (B)
(Cost $5,113,844)		5,113,844		5,113,844

Total Investments — 99.8%
(Cost $124,815,895)			$	243,345,173

	Shares		Value
BRAZIL — continued
MATERIALS — 0.0%
Wheaton Precious Metals		1,224	$	199,449

UTILITIES — 0.1%
Axia Energia		1,200		14,410
Cia de Saneamento Basico do Estado de Sao Paulo SABESP		7,002		210,137
				224,547

				578,920
CANADA — 1.1%
CONSUMER DISCRETIONARY — 0.0%
Dollarama		718		105,707

CONSUMER STAPLES — 0.0%
George Weston		1,536		112,741

ENERGY — 0.3%
Canadian Natural Resources		12,835		561,464
Imperial Oil		6,944		812,225
				1,373,689

FINANCIALS — 0.4%
Fairfax Financial Holdings		12		20,654
Intact Financial		1,593		307,552
National Bank of Canada		4,302		600,397
Royal Bank of Canada		1,750		292,601
Sun Life Financial		315		20,645
				1,241,849

INDUSTRIALS — 0.2%
Canadian Pacific Kansas City		3,055		267,504
RB Global		1,078		108,594
WSP Global		1,366		231,400
				607,498

INFORMATION TECHNOLOGY — 0.0%
Celestica *		184		51,095

	Shares		Value
CANADA — continued
INFORMATION TECHNOLOGY — continued
Constellation Software		22	$	40,654
				91,749

MATERIALS — 0.2%
Agnico Eagle Mines		1,438		361,205
Barrick Mining		5,496		278,860
Kinross Gold		3,685		136,210
Lundin Gold		1,661		156,559
Pan American Silver		937		64,283
				997,117

UTILITIES — 0.0%
Hydro One		1,426		61,282

				4,591,632
CHILE — 0.1%
MATERIALS — 0.1%
Antofagasta		5,161		296,514

CHINA — 1.9%
CONSUMER DISCRETIONARY — 0.2%
Alibaba Group Holding		28,900		522,996
BYD, Cl A		1,200		15,596
BYD, Cl H		3,000		36,165
China Tourism Group Duty Free, Cl A		1,400		16,451
Geely Automobile Holdings		38,000		78,126
Great Wall Motor, Cl H		60,500		99,134
Haier Smart Home, Cl A		5,141		19,244
Midea Group, Cl A		900		10,313
Pop Mart International Group		12,400		364,845
SAIC Motor, Cl A		4,600		9,600
				1,172,470

CONSUMER STAPLES — 0.0%
Foshan Haitian Flavouring & Food, Cl A		3,088		16,181
Inner Mongolia Yili Industrial Group, Cl A		4,100		15,587
Jiangsu Yanghe Distillery, Cl A		900		6,981
Kweichow Moutai, Cl A		200		42,419

	Shares		Value
CHINA — continued
CONSUMER STAPLES — continued
Luzhou Laojiao, Cl A		700	$	11,270
Wuliangye Yibin, Cl A		800		12,130
Yonghui Superstores, Cl A *		14,000		8,669
				113,237

ENERGY — 0.5%
China Coal Energy, Cl H		84,000		139,498
China Petroleum & Chemical, Cl A		17,600		16,593
China Shenhua Energy, Cl H		100,500		576,216
PetroChina, Cl A		7,100		11,262
PetroChina, Cl H		484,000		589,498
				1,333,067

FINANCIALS — 0.9%
Agricultural Bank of China, Cl A		16,700		15,591
Agricultural Bank of China, Cl H		831,000		562,667
Bank of Beijing, Cl A		15,300		12,028
Bank of China, Cl A		10,200		7,854
Bank of Communications, Cl A		12,100		11,558
Bank of Ningbo, Cl A		4,440		20,258
Bank of Shanghai, Cl A		11,197		15,810
China CITIC Bank, Cl H		280,000		257,627
China Construction Bank, Cl H		525,000		534,132
China Everbright Bank, Cl A		26,600		12,565
China Galaxy Securities, Cl H		8,500		10,734
China Life Insurance, Cl H		29,000		116,337
China Merchants Bank, Cl A		5,000		28,239
China Merchants Securities, Cl A		5,500		13,303
China Pacific Insurance Group, Cl A		2,800		16,646
China Pacific Insurance Group, Cl H		39,600		181,248
China Taiping Insurance Holdings		144,200		419,900
Guotai Haitong Securities, Cl A		7,145		19,720
Huatai Securities, Cl A		7,100		22,113
Huaxia Bank, Cl A		6,800		6,634
Industrial & Commercial Bank of China, Cl A		10,100		10,193
Industrial & Commercial Bank of China, Cl H		339,000		278,813
Industrial Bank, Cl A		5,400		14,418
New China Life Insurance, Cl A		2,000		22,017
New China Life Insurance, Cl H		40,700		286,415

	Shares		Value
FRANCE — continued
HEALTH CARE — 0.0%
EssilorLuxottica		578	$	152,989

INDUSTRIALS — 0.1%
Safran		787		316,955

MATERIALS — 0.1%
Air Liquide		893		187,776

				1,482,535
GERMANY — 0.7%
FINANCIALS — 0.4%
Commerzbank		10,794		437,909
Deutsche Boerse		247		67,503
Hannover Rueck		1,226		371,505
Muenchener Rueckversicherungs-Gesellschaft in Muenchen		1,286		839,274
				1,716,191

INDUSTRIALS — 0.3%
Rheinmetall		227		449,046
Siemens		1,980		572,505
Siemens Energy		582		112,720
				1,134,271

MATERIALS — 0.0%
Heidelberg Materials		176		39,212

UTILITIES — 0.0%
RWE		433		27,854

				2,917,528

GUATEMALA — 0.1%
COMMUNICATION SERVICES — 0.1%
Millicom International Cellular		6,662		485,593

	Shares		Value
HONG KONG — 0.0%
INDUSTRIALS — 0.0%
Techtronic Industries		2,500	$	40,489

HUNGARY — 0.1%
FINANCIALS — 0.1%
OTP Bank Nyrt		1,042		128,470

HEALTH CARE — 0.0%
Richter Gedeon Nyrt		1,522		57,095

				185,565
INDONESIA — 0.0%
FINANCIALS — 0.0%
Bank Mandiri Persero		222,200		69,742

ITALY — 1.1%
CONSUMER DISCRETIONARY — 0.0%
Ferrari		239		90,801

FINANCIALS — 0.8%
Intesa Sanpaolo		227,211		1,559,019
UniCredit		18,029		1,535,122
				3,094,141

INDUSTRIALS — 0.3%
Leonardo		11,312		762,102
Prysmian		4,171		502,401
				1,264,503

				4,449,445
JAPAN — 2.1%
CONSUMER DISCRETIONARY — 0.1%
Panasonic Holdings		8,800		141,909
Sekisui House		600		14,658
Sony		6,000		137,930

	Shares		Value
JAPAN — continued
CONSUMER DISCRETIONARY — continued
Sumitomo Electric Industries		4,100	$	270,925
				565,422

CONSUMER STAPLES — 0.3%
Ajinomoto		9,600		305,339
Japan Tobacco		21,300		814,925
				1,120,264

ENERGY — 0.0%
Inpex		4,400		107,416

FINANCIALS — 0.6%
Japan Post Insurance		3,600		117,507
Mitsubishi HC Capital		30,000		290,754
Mitsubishi UFJ Financial Group		15,200		282,173
Mizuho Financial Group		23,400		1,043,968
ORIX		7,300		256,223
Sompo Holdings		3,000		119,024
Sumitomo Mitsui Financial Group		4,100		154,716
				2,264,365

HEALTH CARE — 0.0%
Chugai Pharmaceutical		2,100		141,604
Daiichi Sankyo		4,500		88,628
Hoya		700		126,440
				356,672

INDUSTRIALS — 0.7%
Fujikura		200		34,151
Hitachi		4,100		134,223
ITOCHU		47,000		680,505
Marubeni		12,500		478,347
Mitsui		11,000		412,387
Mitsui OSK Lines		1,600		59,367
Nippon Yusen		19,700		676,426

	Shares		Value
MEXICO — continued
INDUSTRIALS — continued
Promotora y Operadora de Infraestructura		10,290	$	169,514
				303,488

MATERIALS — 0.1%
Cemex ADR		2,482		31,050
Fresnillo		823		46,960
Grupo Mexico		14,300		181,228
				259,238

				973,453
NETHERLANDS — 0.3%
FINANCIALS — 0.1%
NN Group		8,285		679,516

INFORMATION TECHNOLOGY — 0.2%
ASML Holding		472		686,481

				1,365,997
NORWAY — 0.1%
COMMUNICATION SERVICES — 0.1%
Telenor		30,720		569,840

PHILIPPINES — 0.0%
FINANCIALS — 0.0%
Metropolitan Bank & Trust		24,600		32,851

POLAND — 0.1%
COMMUNICATION SERVICES — 0.0%
CD Projekt		665		45,161

CONSUMER DISCRETIONARY — 0.0%
LPP		6		34,719

CONSUMER STAPLES — 0.0%
Dino Polska *		1,830		20,577

	Shares		Value
POLAND — continued
FINANCIALS — 0.1%
Bank Polska Kasa Opieki		1,687	$	106,890
Powszechna Kasa Oszczednosci Bank Polski		7,038		182,345
				289,235

				389,692
ROMANIA — 0.0%
REAL ESTATE — 0.0%
NEPI Rockcastle		5,921		55,046

RUSSIA — 0.0%
FINANCIALS — 0.0%
Evraz * ⁽¹⁾		16,851		—

SAUDI ARABIA — 0.0%
COMMUNICATION SERVICES — 0.0%
Etihad Etisalat		2,768		47,381

SOUTH AFRICA — 0.3%
COMMUNICATION SERVICES — 0.1%
MTN Group		15,428		200,674

CONSUMER STAPLES — 0.0%
Shoprite Holdings		2,772		46,114

FINANCIALS — 0.0%
Discovery		1,948		31,919
FirstRand		5,526		34,436
				66,355

MATERIALS — 0.2%
Gold Fields ADR		2,126		125,094
Harmony Gold Mining ADR		13,821		314,428

	Shares		Value
SOUTH AFRICA — continued
MATERIALS — continued
Sibanye Stillwater *		53,377	$	237,112
				676,634

				989,777
SOUTH KOREA — 1.5%
CONSUMER DISCRETIONARY — 0.2%
Coupang, Cl A *		1,694		32,321
Coway *		429		24,374
Kia		3,952		564,297
				620,992

CONSUMER STAPLES — 0.0%
KT&G		1,054		119,425

ENERGY — 0.0%
HD Hyundai		63		12,816

FINANCIALS — 0.4%
DB Insurance		1,142		145,086
Hana Financial Group		3,889		328,960
KB Financial Group		2,990		330,001
Meritz Financial Group		1,869		164,872
NH Investment & Securities		14,168		350,135
Samsung Fire & Marine Insurance		256		94,344
				1,413,398

HEALTH CARE — 0.0%
Alteogen		44		12,465

INDUSTRIALS — 0.4%
Hanwha Aerospace		411		341,657
HD Hyundai Heavy Industries		306		128,145
Hyundai Glovis		255		51,344
LS Electric		383		209,738
SK Square *		1,478		663,353
				1,394,237

	Shares		Value
SOUTH KOREA — continued
INFORMATION TECHNOLOGY — 0.5%
Samsung Electronics		9,020	$	1,350,035
SK hynix		1,003		741,611
				2,091,646

MATERIALS — 0.0%
Korea Zinc		112		157,674

UTILITIES — 0.0%
Korea Electric Power		1,221		49,077

				5,871,730
SPAIN — 0.7%
FINANCIALS — 0.6%
Banco Bilbao Vizcaya Argentaria		17,512		405,606
Banco Santander		70,225		885,682
CaixaBank		86,144		1,061,749
				2,353,037

UTILITIES — 0.1%
Iberdrola		18,507		436,826

				2,789,863
SWEDEN — 0.5%
COMMUNICATION SERVICES — 0.2%
Tele2, Cl B		14,732		310,907
Telia		75,672		388,486
				699,393

FINANCIALS — 0.2%
Investor, Cl B		10,944		456,491
Skandinaviska Enskilda Banken, Cl A		15,002		318,960
				775,451

INDUSTRIALS — 0.1%
Alfa Laval		4,339		256,095
Atlas Copco, Cl A		2,768		59,552

The Symmetry Panoramic Trust

Symmetry Panoramic US Equity Fund

Class I Shares - SPUSX

Semi-Annual Shareholder Report: February 28, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Sector WeightingsFootnote Reference*

Top Ten Holdings

Additional Information

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic International Equity Fund

Class I Shares - SPILX

Semi-Annual Shareholder Report: February 28, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Country WeightingsFootnote Reference*

Top Ten Holdings

Additional Information

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic Global Equity Fund

Class I Shares - SPGEX

Semi-Annual Shareholder Report: February 28, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Country WeightingsFootnote Reference*

Top Ten Holdings

Additional Information

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic Tax-Managed Global Equity Fund

Class I Shares - SPGTX

Semi-Annual Shareholder Report: February 28, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Sector WeightingsFootnote Reference*

Top Ten Holdings

Additional Information

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic US Systematic Fixed Income Fund

Class I Shares - SPUBX

Semi-Annual Shareholder Report: February 28, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Additional Information

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic Municipal Fixed Income Fund

Class I Shares - SPMFX

Semi-Annual Shareholder Report: February 28, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Sector WeightingsFootnote Reference*

Top Holdings

Additional Information

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic Global Systematic Fixed Income Fund

Class I Shares - SPGBX

Semi-Annual Shareholder Report: February 28, 2026

What were the Fund costs for the last six months?

Key Fund Statistics as of February 28, 2026

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Additional Information

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic Alternatives Fund

Class I Shares - SPATX

Sector Weightings^{Footnote Reference*}

Country Weightings^{Footnote Reference*}

Country Weightings^{Footnote Reference*}

Sector Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Sector Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Sector Weightings^{Footnote Reference*}

Sector Weightings^{Footnote Reference*}

	Shares		Value
SWEDEN — continued
INDUSTRIALS — continued
Epiroc, Cl A		1,316	$	39,533
				355,180

				1,830,024
SWITZERLAND — 0.2%
CONSUMER STAPLES — 0.0%
Chocoladefabriken Lindt & Spruengli		5		82,548

FINANCIALS — 0.2%
Swiss Life Holding		60		68,709
UBS Group		1,015		42,173
Zurich Insurance Group		839		632,879
				743,761

				826,309
TAIWAN — 1.1%
FINANCIALS — 0.2%
E.Sun Financial Holding		222,599		249,635
Fubon Financial Holding		20,418		61,237
Hua Nan Financial Holdings		19,089		23,182
Mega Financial Holding		29,796		38,331
SinoPac Financial Holdings		27,902		29,433
Taiwan Cooperative Financial Holding		150,959		115,241
TS Financial Holding		154,493		125,768
Yuanta Financial Holding		170,199		265,231
				908,058

INDUSTRIALS — 0.0%
Evergreen Marine Taiwan		16,800		105,433

INFORMATION TECHNOLOGY — 0.9%
Accton Technology		11,000		484,058
ASE Technology Holding		33,000		397,636
Asustek Computer		2,000		33,796
Compal Electronics		17,000		17,055
Delta Electronics		9,000		405,844
Hon Hai Precision Industry		59,000		451,279

	Shares		Value
TAIWAN — continued
INFORMATION TECHNOLOGY — continued
Lite-On Technology		10,000	$	54,585
MediaTek		4,000		246,398
Novatek Microelectronics		17,000		212,272
Realtek Semiconductor		15,000		229,574
Synnex Technology International		32,000		73,518
United Microelectronics		202,000		417,909
Wiwynn		1,000		125,671
Zhen Ding Technology Holding		26,000		171,896
				3,321,491

				4,334,982
TÜRKIYE — 0.2%
CONSUMER DISCRETIONARY — 0.0%
Ford Otomotiv Sanayi		24,800		65,537

CONSUMER STAPLES — 0.0%
BIM Birlesik Magazalar		7,126		108,537

FINANCIALS — 0.2%
Akbank		33,109		68,077
Haci Omer Sabanci Holding		105,474		242,434
Turkiye Is Bankasi, Cl C		386,389		149,037
				459,548

INDUSTRIALS — 0.0%
Turk Hava Yollari AO		2,594		18,183

				651,805
UNITED KINGDOM — 0.7%
CONSUMER DISCRETIONARY — 0.0%
Next		390		71,074

CONSUMER STAPLES — 0.3%
British American Tobacco		4,617		288,312
Imperial Brands		17,996		806,023
				1,094,335

	Shares		Value
UNITED KINGDOM — continued
FINANCIALS — 0.1%
HSBC Holdings		6,445	$	120,464
Legal & General Group		25,875		94,515
NatWest Group		7,400		61,438
Schroders		20,004		157,520
				433,937

HEALTH CARE — 0.1%
AstraZeneca		1,371		288,504

INDUSTRIALS — 0.2%
Ashtead Group		1,136		81,368
BAE Systems		12,198		348,322
Rolls-Royce Holdings		23,217		417,491
				847,181

UTILITIES — 0.0%
Centrica		29,360		78,736
SSE		784		28,338
				107,074

				2,842,105
UNITED STATES — 41.7%
COMMUNICATION SERVICES — 3.8%
Alphabet, Cl A		19,948		6,218,988
Alphabet, Cl C		4,032		1,255,686
AT&T		27,053		757,755
Comcast, Cl A		8,662		268,176
Electronic Arts		977		195,957
Fox, Cl A		1,383		77,918
Fox, Cl B		1,153		59,645
Liberty Media -Liberty Formula One, Cl A *		600		50,622
Liberty Media -Liberty Formula One, Cl C *		946		86,644
Live Nation Entertainment *		922		149,493
Meta Platforms, Cl A		5,944		3,852,782
Netflix *		8,880		854,611
ROBLOX, Cl A *		559		38,381
Spotify Technology *		162		83,420
Take-Two Interactive Software *		594		125,619

	Shares		Value
EQUITY FUNDS — 98.9%
AQR Emerging Multi-Style II Fund, Cl R6		693,995	$	10,597,307
AQR International Defensive Style Fund, Cl R6		86,099		1,510,172
AQR International Multi-Style Fund, Cl R6 (A)		996,728		18,658,744
AQR Large Cap Defensive Style Fund, Cl R6		124,112		2,317,163
AQR Large Capital Multi-Style Fund, Cl R6 (A)		1,164,593		24,351,629
Avantis Emerging Markets Equity ETF		23,441		2,079,217
Avantis International Equity ETF		10,712		987,646
Avantis International Small Cap Value ETF		10,393		1,144,165
Avantis US Small Capital Value ETF		28,146		3,179,935
DFA Emerging Markets Portfolio, Cl I		125,208		5,351,388
DFA Emerging Markets Small Cap Portfolio, Cl I		90,126		2,625,379
DFA Emerging Markets Targeted Value Portfolio, Cl I		46,922		685,537
DFA International High Relative Profitability Portfolio, Cl I		219,241		3,729,295
DFA International Small Cap Growth Portfolio, Cl I		30,149		610,519
DFA International Small Cap Value Portfolio, Cl I		149,638		5,303,155
DFA Large Cap International Portfolio, Cl I		196,661		7,553,755
DFA Real Estate Securities Portfolio, Cl I		64,865		2,839,135
DFA US High Relative Profitability Portfolio, Cl I		412,431		11,609,921
Dimensional Emerging Markets High Profitability		50,975		1,891,682
Dimensional International Value ETF		54,506		3,055,061
Dimensional US Equity Market ETF (A)		315,456		23,596,109
Dimensional US Marketwide Value ETF		172,663		8,721,208
Dimensional US Small Cap ETF		52,633		3,951,686
Dimensional US Targeted Value ETF		133,819		8,710,279
iShares MSCI EAFE Min Vol Factor ETF		3,900		369,993
iShares MSCI Emerging Markets Min Vol Factor ETF		1,000		68,830
iShares MSCI Global Min Vol Factor ETF		33,892		4,243,278
iShares MSCI USA Min Vol Factor ETF		25,900		2,533,279
iShares MSCI USA Momentum Factor ETF		14,675		3,712,188

	Face Amount		Value
AUSTRALIA — 0.6%
ENERGY — 0.1%
Woodside Finance
5.100%, 09/12/34	$	199,000	$	199,924

MATERIALS — 0.5%
Fortescue Treasury Pty
4.500%, 09/15/27		567,000		566,527
Rio Tinto Finance USA
5.000%, 03/09/33		308,000		319,897
4.500%, 03/14/28		80,000		81,128
				967,552
				1,167,476
CANADA — 3.5%
ENERGY — 0.9%
Canadian Natural Resources
3.850%, 06/01/27		461,000		460,939
2.950%, 07/15/30		145,000		138,591
Suncor Energy
7.150%, 02/01/32		65,000		73,723
6.850%, 06/01/39		237,000		266,594
5.950%, 12/01/34		180,000		193,545
Vermilion Energy
6.875%, 05/01/30		350,000		353,871
				1,487,263
FINANCIALS — 1.2%
Bank of Montreal
3.088%, H15T5Y + 1.400%, 01/10/37(A)		276,000		251,911
Canadian Imperial Bank of Commerce
5.237%, 06/28/27		600,000		611,005
5.001%, 04/28/28		286,000		292,518
Fairfax Financial Holdings
6.000%, 12/07/33		268,000		286,469
4.625%, 04/29/30		24,000		24,278

	Face Amount		Value
FINANCIALS — continued
National Bank of Canada
5.600%, 12/18/28	$	403,000	$	420,939
				1,887,120
INDUSTRIALS — 0.5%
Canadian National Railway
5.850%, 11/01/33		166,000		180,791
3.850%, 08/05/32		285,000		279,211
Trust Finance
5.850%, 04/15/40		300,000		306,079
				766,081
INFORMATION TECHNOLOGY — 0.6%
CGI
4.950%, 03/14/30		337,000		342,562
Open Text
3.875%, 12/01/29		270,000		243,013
Open Text Holdings
4.125%, 02/15/30		330,000		297,401
				882,976
MATERIALS — 0.3%
Cascades
6.750%, 07/15/30		160,000		164,000
Kinross
6.250%, 07/15/33		287,000		315,650
				479,650
				5,503,090
GERMANY — 0.4%
FINANCIALS — 0.4%
Deutsche Bank NY
5.373%, SOFR + 1.210%, 01/10/29(A)		150,000		153,299
3.742%, SOFR + 2.257%, 01/07/33(A)		536,000		502,788
Landwirtschaftliche Rentenbank
3.875%, 06/14/28		36,000		36,340
				692,427

	Face Amount		Value
JAPAN — 0.3%
FINANCIALS — 0.1%
Mizuho Financial Group
2.260%, H15T1Y + 0.900%, 07/09/32(A)	$	205,000	$	184,668

INFORMATION TECHNOLOGY — 0.2%
Kioxia Holdings
6.250%, 07/24/30		320,000		332,257

				516,925
NORWAY — 0.1%
ENERGY — 0.1%
Seadrill Finance
8.375%, 08/01/30		220,000		231,188

SPAIN — 0.1%
FINANCIALS — 0.1%
Banco Bilbao Vizcaya Argentaria
7.883%, H15T1Y + 3.300%, 11/15/34(A)		200,000		233,630

SUPRANATIONAL — 1.9%
CONSUMER DISCRETIONARY — 0.5%
Council of Europe Development Bank
4.625%, 06/11/27		75,000		76,053
4.125%, 01/24/29		750,000		763,905
				839,958
FINANCIALS — 1.4%
European Investment Bank
4.250%, 08/16/32		47,000		48,450
3.625%, 07/15/30		100,000		100,465
3.250%, 11/15/27		754,000		751,844
International Bank for Reconstruction & Development
3.125%, 06/15/27		280,000		278,769
1.250%, 02/10/31		800,000		717,066
Nordic Investment Bank
4.375%, 03/14/28		359,000		365,366

	Face Amount		Value
HEALTH CARE — continued
Smith & Nephew
5.150%, 03/20/27	$	96,000	$	97,111
				107,967
INDUSTRIALS — 0.4%
nVent Finance Sarl
5.650%, 05/15/33		290,000		306,469
RELX Capital
3.000%, 05/22/30		350,000		333,949
				640,418
				4,579,629
UNITED STATES — 34.8%
COMMUNICATION SERVICES — 4.1%
Alphabet
4.800%, 02/15/36		420,000		426,899
4.500%, 05/15/35		236,000		237,548
1.900%, 08/15/40		100,000		69,076
0.800%, 08/15/27		353,000		339,523
AT&T
4.850%, 03/01/39		101,000		97,176
4.350%, 03/01/29		164,000		165,845
4.250%, 03/01/27		82,000		82,206
2.550%, 12/01/33		400,000		346,909
Comcast
1.950%, 01/15/31		114,000		103,065
Discovery Communications
4.125%, 05/15/29		185,000		182,438
Discovery Global Holdings
4.054%, 03/15/29		408,000		403,663
Fox
6.500%, 10/13/33		73,000		80,123
4.709%, 01/25/29		335,000		340,096
3.500%, 04/08/30		426,000		415,307
Meta Platforms
4.800%, 05/15/30		419,000		433,379
4.600%, 05/15/28		90,000		91,793
Netflix
6.375%, 05/15/29		15,000		16,115
4.875%, 04/15/28		436,000		445,998

	Face Amount		Value
ENERGY — continued
Western Midstream Operating
4.050%, 02/01/30	$	457,000	$	451,444
				3,959,068

FINANCIALS — 5.2%
American National Group
6.000%, 07/15/35		164,000		162,695
Ameriprise Financial
5.150%, 05/15/33		413,000		428,892
Athene Holding
5.875%, 01/15/34		67,000		68,191
4.125%, 01/12/28		271,000		270,076
Bank of America
2.651%, SOFR + 1.220%, 03/11/32(A)		370,000		343,051
2.482%, H15T5Y + 1.200%, 09/21/36(A)		400,000		353,943
1.898%, SOFR + 1.530%, 07/23/31(A)		10,000		9,081
Blackrock
4.750%, 05/25/33		62,000		63,924
Brown & Brown
5.650%, 06/11/34		47,000		48,376
Capital One
2.700%, 02/06/30		274,000		260,381
Capital One Financial
7.624%, SOFR + 3.070%, 10/30/31(A)		145,000		163,437
2.359%, SOFR + 1.337%, 07/29/32(A)		349,000		307,533
Citigroup
3.057%, SOFR + 1.351%, 01/25/33(A)		50,000		46,235
Citizens Financial Group
3.250%, 04/30/30		224,000		215,439
Corebridge Financial
6.050%, 09/15/33		71,000		75,753
Credit Acceptance
6.625%, 03/15/30		243,000		241,733
F&G Annuities & Life
7.400%, 01/13/28		391,000		405,694
FactSet Research Systems
3.450%, 03/01/32		378,000		346,374
FirstCash
4.625%, 09/01/28		192,000		189,664

	Face Amount		Value
REAL ESTATE — continued
2.000%, 06/15/28	$	292,000	$	279,931
AvalonBay Communities
5.300%, 12/07/33		234,000		246,511
2.050%, 01/15/32		253,000		225,222
CBRE Services
2.500%, 04/01/31		356,000		324,797
EPR Properties
4.500%, 06/01/27		145,000		145,255
3.750%, 08/15/29		10,000		9,755
Essential Properties
2.950%, 07/15/31		396,000		365,504
Highwoods Realty
4.125%, 03/15/28		432,000		429,223
Howard Hughes
4.125%, 02/01/29		339,000		328,235
Invitation Homes Operating Partnership
2.700%, 01/15/34		293,000		250,992
National Health Investors
3.000%, 02/01/31		112,000		102,732
Omega Healthcare Investors
4.750%, 01/15/28		433,000		437,173
Tanger Properties
2.750%, 09/01/31		491,000		449,083
Welltower OP
3.850%, 06/15/32		55,000		53,831
				3,815,762

UTILITIES — 3.8%
American Electric Power
3.200%, 11/13/27		335,000		331,063
Atmos Energy
5.450%, 10/15/32		203,000		216,657
Avangrid
3.800%, 06/01/29		437,000		433,831
Consolidated Edison of New York
4.000%, 12/01/28		35,000		35,240
3.350%, 04/01/30		343,000		334,697
Constellation Energy Generation
5.600%, 03/01/28		313,000		322,826