Symmetry Panoramic Trust NCSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________

FORM N-CSRS

________

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act File Number 811-23334

Symmetry Panoramic Trust

(Exact name of registrant as specified in charter)

________

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Address of principal executive offices) (Zip code)

Michael Beattie

c/o SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Name and address of agent for service)

Registrant’s telephone number, including area code: (844) 796-3863

Date of fiscal year end: August 31, 2024

Date of reporting period: February 29, 2024

Item 1. Reports to Stockholders.

(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.

Symmetry Panoramic Trust

Semi-Annual Report

FEBRUARY 29, 2024

Symmetry Panoramic US Equity Fund (SPUSX)
Symmetry Panoramic International Equity Fund (SPILX)
Symmetry Panoramic Global Equity Fund (SPGEX)
Symmetry Panoramic Tax-Managed Global Equity Fund (SPGTX)
Symmetry Panoramic US Systematic Fixed Income Fund (formerly,

Symmetry Panoramic US Fixed Income Fund) (SPUBX)

Symmetry Panoramic Municipal Fixed Income Fund (SPMFX)

Symmetry Panoramic Global Systematic Fixed Income Fund (formerly,

Symmetry Panoramic Global Fixed Income Fund) (SPGBX)

Symmetry Panoramic Alternatives Fund (SPATX)

SYMMETRY PANORAMIC TRUST
FEBRUARY 29, 2024

Table of Contents

Shareholders’ Letter	1
Schedules of Investments	6
Statements of Assets and Liabilities	123
Statements of Operations	125
Statements of Changes in Net Assets	129
Financial Highlights	137
Notes to Financial Statements	145
Disclosure of Fund Expenses	181
Sub-Advisory Agreement Approval Disclosure	185
Supplemental Information	189

The Funds file their complete schedules of investments with the Securities and Exchange Commission (“SEC”) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Funds’ Forms N-PORT are available on the SEC’s website at https://www.sec.gov.

A description of the policies and procedures that the Funds use to determine how to vote proxies relating to fund securities, as well as information relating to how the Funds voted proxies relating to fund securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-844-796-3863; and (ii) on the SEC’s website at https://www.sec.gov.

SYMMETRY PANORAMIC TRUST
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Shareholders’ Letter

Dear Shareholders,

It is my pleasure to provide you with updates for the semi-annual reporting period that is the six months ending February 29, 2024. I am pleased to report that JP Morgan Investment Management (JPMIM) has been brought on to fully sub-advise the US Systematic Fixed Income (SPUBX) and Global Systematic Fixed Income (SPGBX) funds as of December 29, 2023. The names of the two impacted fixed income funds have been changed to reflect the systematic nature of JPMIM’s investment process. More detail on the Sub-Advisory Agreement with JPMIM can be found on page 185 of this Semi-Annual Report.

Another significant development regards the governance of the Trust. The shareholders voted to install a new slate of Trustees for the Symmetry Panoramic Trust. The new Trustees were installed at a Special Meeting of the Shareholders held on December 26, 2023. I am confident that the new Trustees will serve the shareholders well. More detail on the new slate of Trustees, the proxy, and special meeting can be found on page 189 of this Semi-Annual Report.

The previous six months have not been without troubling developments on the global stage, the conflict between Russia and Ukraine has just entered its third year and tensions in the Middle East have given way to hostilities following the terrible events of October 7, 2023 in Israel. While we are monitoring these economic and geopolitical developments for any impact on the Funds, we believe that these events should not deter investors from focusing on an appropriate long-term investing strategy. Despite the unsettling events, the six-month reporting period was a particularly strong one for equity and fixed income investors globally and also for the Symmetry Panoramic Funds. Major equity and fixed income indices were all up for the period. The MSCI USA Broad Market Index was up 13.69% and the MSCI ACWI IMI was up 11.16%. The Bloomberg US Aggregate Index as up 2.35% and the Bloomberg Global Aggregate (USD hedged) was up 3.24%¹.

Equity. The panoramic funds seek multi-factor exposure in equities globally. The factors are Market, Size, Value, Profitability/Quality, Momentum, and Minimum Volatility. Regarding factor performance in the U.S. for the period, the Market, Value, and Momentum factors continued their strong performance in the reporting period. In contrast, the Size and Profitability factors performance were negative. In Developed Markets outside the U.S.; Market, Value, Momentum, and Profitability factor performance were positive with Market and Momentum factors being particularly strong. Only the Size factor was negative. In Emerging Markets; Market, Value, Profitability, and Momentum factor performance were all positive with Value and Momentum being particularly strong. Only the Size factor was negative and modestly so². Minimum volatility indices underperformed equity benchmarks globally in the period. In the US, while the S&P 500 index was up 13.93%, the MSCI USA IMI Min Vol Index was up only 9.36%. Globally, the MSCI ACWI Min Vol Index was up 7.08% for the period while the MSCI ACWI IMI Index was up 11.16%³. The performance of the Panoramic equity funds relative to their benchmarks are presented in the table below:

SYMMETRY PANORAMIC TRUST
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Symmetry Panoramic Equity Funds	2023-09-01 to 2024-02-29
Symmetry Panoramic US Equity (SPUSX)		14.12
MSCI US Broad Market GR USD Index		13.69
SPUSX- Benchmark		0.43
Symmetry Panoramic International Equity (SPILX)		7.78
MSCI ACWI Ex USA IMI NR USD Index		7.52
SPILX – Benchmark		0.26
Symmetry Panoramic Global Equity (SPGEX)		11.62
Symmetry Panoramic Tax-Managed Global Equity (SPGTX)		10.46
MSCI ACWI IMI NR USD Index		11.16
SPGEX – Benchmark		0.46
SPGTX – Benchmark		-0.70

Fixed Income. Fixed income returns in the period were positive, boosted by narrowing credit spreads and despite a slight increase in long-term interest rates. The yield on the 10-year UST Treasury rose from 4.09% and then fell in the period ending at 4.25%⁴. Credit spreads on Baa Rated corporate bonds relative to the 10-year Treasury narrowed from 1.83% to 1.55% in the period⁵. The Federal Reserve held the Federal Funds target rate steady at 5.50% in the six-month reporting period ending February 29, 2024 ending a period of steady increases that began back in March, 2022 when the Fed Funds target rate was at 0.25%⁶. While inflation has moderated, strength in the level of employment has complicated the economic picture. Future rate hikes in an attempt to slow economic activity and stem inflation along with an economic downturn both remain a possibility. The performance of the Panoramic fixed income funds relative to their benchmarks are presented in the table below:

Symmetry Panoramic Fixed Income Funds	2023-09-01 to 2024-02-29
Symmetry Panoramic US Systematic Fixed Income (SPUBX)		1.67
Bloomberg US Aggregate Index		2.35
Bloomberg Govt/Credit 1-5YR		2.67
SPUBX – US Aggregate Benchmark		-0.68
Symmetry Panoramic Global Systematic Fixed Income (SPGBX)		2.77
Bloomberg Global Aggregate TR Hedged USD Index		3.24
SPGBX – Benchmark		-0.47
Symmetry Panoramic Municipal Fixed Income (SPMFX)		2.39
S&P S/T National AMT Free Muni TR USD Index		2.22
SPMFX – Benchmark		0.17

Alternatives. Both the diversified trend following and long-short factor-based (i.e., value, momentum, quality, and carry) strategies across asset classes (i.e., equity, fixed, currency, and commodities) contributed positively to relative performance in the Panoramic Alternatives Fund. The diversified arbitrage strategies trailed the fund benchmark.

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Symmetry Panoramic Alternative Fund	2023-09-01 to 2024-02-29
Symmetry Panoramic Alternatives (SPATX)		5.63
HFRI FOF: Conservative Index		3.81
SPATX – Benchmark		1.82

On behalf of all my colleagues at Symmetry Partners, I would like to thank you for the confidence that you have placed in our Panoramic Funds and their role in your financial future.

Sincerely,

John B. McDermott, Ph. D.

Chief Investment Strategist

Symmetry Partners, LLC

Symmetry Partners, LLC is an investment advisory firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, or excluded or exempt from registration requirements. Registration with the U.S. Securities and Exchange Commission or any state securities authority does not imply a certain level of skill or training. No one should assume that future performance of any specific investment, investment strategy, product, or non-investment related content made reference to directly or indirectly in this material will be profitable. As with any investment strategy, there is the possibility of profitability as well as loss. Due to various factors, including changing market conditions and/or applicable laws, the content may not be reflective of current opinions or positions. Diversification seeks to improve performance by spreading your investment dollars into various asset classes to add balance to your portfolio. Using this methodology, however, does not guarantee a profit or protection from loss in a declining market. Past performance does not guarantee future results.

All indexes have certain limitations. Investors cannot invest directly in an index. Indexes do not have fees. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. Actual performance for client accounts may differ materially from the index portfolios. There is always the risk that an investor may lose money. Even a long-term investment approach cannot guarantee a profit. Economic, political, and issuer-specific events will cause the value of securities, and the portfolios that own them, to rise or fall. Indexes are referred to for comparative purposes only and do not represent similar asset classes in terms of components or risk exposure; thus, their returns may vary significantly.

(1) Source: SEI

(2) Source: Factor Data from Ken French Data Library at https://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html

(3) Source: SEI

(4) Source: Board of Governors of the Federal Reserve System (US) – Series DGS10.

(5) Source: Board of Governors of the Federal Reserve System (US) – Series BAA10Y.

(6) FactSet.

SYMMETRY PANORAMIC TRUST
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Description of the Funds’ Benchmarks

MSCI US Broad Market Index (Primary Benchmark for the Symmetry Panoramic US Equity Fund) captures broad US equity coverage. The index includes 3,053 constituents across large, mid, small and micro capitalizations, representing about 99% of the US equity universe.

MSCI ACWI ex USA Investable Market Index (net) (IMI) (Primary Benchmark for the Symmetry Panoramic International Equity Fund) captures large, mid and small cap representation across 22 of 23 Developed Markets (DM) countries (excluding the United States) and 27 Emerging Markets (EM) countries. With 6,750 constituents, the index covers approximately 99% of the global equity opportunities set outside of the US.

MSCI ACWI Investable Market Index (net) (IMI) (Primary Benchmark for the Symmetry Panoramic Global Equity Fund and Symmetry Panoramic Tax-Managed Global Equity Fund) captures large, mid and small representation across 23 Developed Markets (DM) and 27 Emerging Markets (EM) countries. With 9,226 constituents, the index is comprehensive, covering approximately 99% of the global equity investment opportunity set.

Bloomberg 1-5 Year US Government/Credit Index (Primary Benchmark for the Symmetry Panoramic US Systematic Fixed Income Fund from inception through December 28, 2023) measures the performance of U.S. dollar-denominated U.S. Treasury, government related (i.e., U.S. and non-U.S. agencies, sovereign, quasi-sovereign, supranational and local authority debt) and investment grade U.S. corporate fixed rate bonds that have a remaining maturity of greater than or equal to one year and less than five years.

Bloomberg US Aggregate Index (Primary Benchmark for the Symmetry Panoramic US Systematic Fixed Income Fund as of December 29, 2023) measures the performance of U.S. dollar-denominated U.S. Treasury, government related (i.e., U.S. and non-U.S. agencies, sovereign, quasi-sovereign, supranational and local authority debt) and investment grade U.S. corporate fixed rate bonds that have a remaining maturity of greater than or equal to one year and less than five years.

S&P Short Term National AMT-Free Municipal Bond Index (Primary Benchmark for the Symmetry Panoramic Municipal Fixed Income Fund) is a market-value weighted index that is designed to measure the performance of investment-grade tax-exempt U.S. municipal bonds with an effective maturities of 1 month to 5 years. Bonds issued by U.S. territories, including Puerto Rico, are excluded from this index.

Bloomberg Capital Global Aggregate Hedged USD Index (Primary Benchmark for the Symmetry Panoramic Global Systematic Fixed Income Fund) measures global investment grade debt from twenty-four local currency markets hedged to the U.S. dollar. The multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers.

HFRI Fund of Funds Conservative Index (Primary Benchmark for the Symmetry Panoramic Alternatives Fund) measures the performance of funds of funds that exhibit one or more of

SYMMETRY PANORAMIC TRUST
FEBRUARY 29, 2024
(Unaudited)

the following characteristics: seeks consistent returns by primarily investing in funds that generally engage in more “conservative” strategies such as Equity Market Neutral, Fixed Income Arbitrage, and Convertible Arbitrage; exhibits a lower historical annual standard deviation than the HFRI Fund of Funds Composite Index. A fund in the HFRI Fund of Funds Conservative Index shows generally consistent performance regardless of market conditions.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

SECTOR WEIGHTINGS^†

^†	Percentages are based on total investments. Total investments does not include futures.

SCHEDULE OF INVESTMENTS
COMMON STOCK — 66.7%
	Shares		Value
BERMUDA — 0.0%
RenaissanceRe Holdings		287	$	64,523

CHINA — 0.1%
NXP Semiconductors		1,309		326,897

MEXICO — 0.0%
Southern Copper		787		63,637

SWEDEN — 0.0%
Autoliv		517		59,988

UNITED STATES — 66.6%
COMMUNICATION SERVICES — 5.4%
Alphabet, Cl A *		36,610		5,069,021
Alphabet, Cl C *		19,476		2,722,355
AT&T		30,892		523,002
Atlanta Braves Holdings, Cl C *		87		3,388
Charter Communications, Cl A *		532		156,371
Comcast, Cl A		31,911		1,367,386
Electronic Arts		938		130,832
Endeavor Group Holdings, Cl A		1,794		43,146
Fox, Cl A		3,472		103,431

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
COMMUNICATION SERVICES — continued
Fox, Cl B		2,648	$	72,502
GCI Liberty *⁽¹⁾		1,489		—
Interpublic Group		4,420		138,788
Liberty Broadband, Cl C *		1,858		111,814
Liberty Media -Liberty Formula One, Cl C *		2,653		193,032
Liberty Media -Liberty SiriusXM *		2,176		63,060
Liberty Media -Liberty SiriusXM, Cl A *		1,491		43,448
Live Nation Entertainment *		1,417		137,421
Match Group *		1,132		40,797
Meta Platforms, Cl A		21,174		10,378,013
Netflix *		3,008		1,813,583
News, Cl A		2,994		80,479
News, Cl B		2,934		82,123
Omnicom Group		2,744		242,542
Pinterest, Cl A *		1,763		64,702
ROBLOX, Cl A *		977		38,982
Roku, Cl A *		775		48,965
Sirius XM Holdings		6,667		29,468
Snap, Cl A *		4,654		51,287
Spotify Technology *		532		136,410
Take-Two Interactive Software *		253		37,173
T-Mobile US		2,899		473,407
Trade Desk, Cl A *		1,417		121,054
Verizon Communications		32,911		1,317,098
Walt Disney		5,658		631,320
Warner Bros Discovery *		17,166		150,889
				26,617,289

CONSUMER DISCRETIONARY — 7.5%
Airbnb, Cl A *		1,134		178,571
Amazon.com *		52,133		9,215,029
Aptiv *		1,406		111,763
Aramark		3,598		109,127
AutoNation *		7,727		1,157,505
AutoZone *		177		532,066
Best Buy		2,085		168,635
Booking Holdings *		114		395,447
Burlington Stores *		229		46,968
Caesars Entertainment *		3,785		164,534
CarMax *		898		70,942

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
CONSUMER DISCRETIONARY — continued
Carnival *		5,725	$	90,798
Chipotle Mexican Grill, Cl A *		151		406,004
Choice Hotels International		751		84,067
Churchill Downs		655		79,825
Darden Restaurants		1,419		242,237
Deckers Outdoor *		633		566,908
Dick's Sporting Goods		6,556		1,166,247
Domino's Pizza		462		207,138
DoorDash, Cl A *		2,182		271,812
DR Horton		6,143		918,010
DraftKings, Cl A *		1,540		66,713
eBay		1,534		72,528
Expedia Group *		668		91,396
Five Below *		508		101,945
Floor & Decor Holdings, Cl A *		1,404		170,052
Ford Motor		14,108		175,504
Gap		15,506		293,684
Garmin		1,592		218,661
General Motors		7,147		292,884
Gentex		7,467		272,770
Genuine Parts		1,331		198,665
H&R Block		1,278		62,558
Hilton Worldwide Holdings		836		170,812
Home Depot		4,605		1,752,709
Hyatt Hotels, Cl A		425		65,276
Las Vegas Sands		3,090		168,467
Lennar, Cl A		3,993		632,930
Lennar, Cl B		300		44,211
LKQ		3,548		185,525
Lowe's		3,831		922,007
Lululemon Athletica *		1,241		579,659
Marriott International, Cl A		1,347		336,575
McDonald's		2,366		691,534
NIKE, Cl B		3,109		323,118
NVR *		44		335,525
Ollie's Bargain Outlet Holdings *		831		66,621
O'Reilly Automotive *		484		526,311
Penske Automotive Group		7,045		1,081,407
Phinia		721		24,686
Polaris		719		66,658
Pool		1,364		543,036

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
CONSUMER DISCRETIONARY — continued
PulteGroup		13,222	$	1,433,000
Ralph Lauren, Cl A		862		160,263
Rivian Automotive, Cl A *		3,071		34,764
Ross Stores		1,792		266,936
Royal Caribbean Cruises *		7,042		868,631
Service International		2,804		205,225
Starbucks		3,708		351,889
Tesla *		6,764		1,365,516
Thor Industries		1,951		250,079
TJX		9,557		947,481
Toll Brothers		12,071		1,383,819
TopBuild *		1,359		546,834
Tractor Supply		3,304		840,273
Ulta Beauty *		475		260,566
Vail Resorts		505		116,307
Williams-Sonoma		4,629		1,090,268
Wingstop		431		151,303
Wynn Resorts		834		87,737
Yum! Brands		1,600		221,472
				37,300,423

CONSUMER STAPLES — 3.6%
Albertsons, Cl A		5,692		115,434
Altria Group		5,769		236,010
Archer-Daniels-Midland		3,138		166,659
BJ's Wholesale Club Holdings *		1,226		89,547
Brown-Forman, Cl A		359		21,518
Brown-Forman, Cl B		2,007		120,882
Bunge Global		1,742		164,393
Campbell Soup		3,160		134,742
Casey's General Stores		1,207		367,519
Celsius Holdings *		1,041		84,966
Church & Dwight		1,433		143,472
Clorox		860		131,847
Coca-Cola		16,719		1,003,474
Colgate-Palmolive		3,487		301,695
Conagra Brands		700		19,656
Constellation Brands, Cl A		759		188,627
Costco Wholesale		1,448		1,077,153
Coty, Cl A *		24,629		309,340

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
CONSUMER STAPLES — continued
Dollar General		1,613	$	234,385
Dollar Tree *		2,816		413,051
General Mills		5,055		324,430
Hershey		969		182,094
Hormel Foods		637		22,499
J M Smucker		1,221		146,728
Kellanova		3,510		193,576
Kenvue		14,054		267,026
Keurig Dr Pepper		5,805		173,628
Kimberly-Clark		947		114,748
Kraft Heinz		3,975		140,238
Kroger		12,360		613,180
Lamb Weston Holdings		1,937		197,981
McCormick		1,686		115,977
Molson Coors Beverage, Cl B		1,922		119,971
Mondelez International, Cl A		4,741		346,425
Monster Beverage *		2,824		166,898
PepsiCo		8,900		1,471,526
Performance Food Group *		2,220		170,429
Philip Morris International		5,064		455,557
Procter & Gamble		9,315		1,480,526
Sysco		4,821		390,356
Target		8,080		1,235,594
Tyson Foods, Cl A		374		20,286
US Foods Holding *		4,222		214,435
Walgreens Boots Alliance		5,187		110,276
Walmart		62,613		3,669,748
WK Kellogg		1,078		15,775
				17,684,277

ENERGY — 3.4%
APA		3,077		91,664
Baker Hughes, Cl A		9,283		274,684
Cheniere Energy		2,062		320,022
Chesapeake Energy		2,672		221,188
Chevron		9,511		1,445,767
ConocoPhillips		10,230		1,151,284
Coterra Energy		8,475		218,486
Devon Energy		14,719		648,519
Diamondback Energy		5,824		1,062,997

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
ENERGY — continued
EOG Resources		4,565	$	522,510
EQT		2,836		105,357
Exxon Mobil		30,666		3,205,210
Halliburton		11,488		402,884
Hess		3,076		448,327
HF Sinclair		3,484		193,362
Kinder Morgan		12,238		212,819
Marathon Oil		67,381		1,633,989
Marathon Petroleum		5,999		1,015,211
Occidental Petroleum		11,998		727,199
ONEOK		5,558		417,517
Ovintiv		3,729		184,250
Phillips 66		2,296		327,203
Pioneer Natural Resources		1,684		396,060
Range Resources		1,104		34,909
Schlumberger		6,500		314,145
Targa Resources		3,612		354,843
Texas Pacific Land		64		100,827
Valero Energy		3,220		455,501
Williams		7,166		257,546
				16,744,280

FINANCIALS — 8.2%
Affirm Holdings, Cl A *		1,519		56,993
Aflac		6,300		508,662
Allstate		4,063		648,130
Ally Financial		4,427		163,755
American Express		2,829		620,739
American Financial Group		1,501		191,633
American International Group		3,664		267,069
Ameriprise Financial		3,529		1,437,573
Aon, Cl A		2,189		691,702
Apollo Global Management		1,166		130,359
Arch Capital Group *		9,456		828,251
Ares Management, Cl A		1,108		146,954
Arthur J Gallagher		775		189,046
Assurant		1,374		249,312
Assured Guaranty		9,901		906,932
Bank of America		25,555		882,159
Bank of New York Mellon		6,027		338,054

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
FINANCIALS — continued
Bank OZK		3,480	$	152,424
Berkshire Hathaway, Cl B *		7,009		2,869,485
BlackRock, Cl A		388		314,800
Blackstone, Cl A		927		118,489
Block, Cl A *		2,074		164,821
Brown & Brown		2,684		226,020
Capital One Financial		1,366		187,975
Carlyle Group		3,728		170,929
Cboe Global Markets		775		148,800
Charles Schwab		6,282		419,512
Chubb		1,464		368,445
Cincinnati Financial		1,253		142,842
Citigroup		6,867		381,050
Citizens Financial Group		4,500		141,255
CME Group, Cl A		1,292		284,692
Coinbase Global, Cl A *		732		149,006
Discover Financial Services		3,140		378,998
East West Bancorp		9,174		668,418
Equitable Holdings		3,036		103,953
Erie Indemnity, Cl A		307		124,912
Everest Group		487		179,645
F&G Annuities & Life		412		15,565
FactSet Research Systems		217		100,380
Fidelity National Financial		6,086		307,830
Fidelity National Information Services		1,785		123,504
Fifth Third Bancorp		6,198		212,839
First American Financial		1,494		87,264
First Citizens BancShares, Cl A		272		428,076
Fiserv *		2,422		361,532
FleetCor Technologies *		765		213,642
Franklin Resources		3,098		85,040
Global Payments		625		81,062
Globe Life		1,644		208,673
Goldman Sachs Group		1,170		455,188
Hartford Financial Services Group		6,201		594,304
Huntington Bancshares		13,524		176,353
Interactive Brokers Group, Cl A		500		54,360
Intercontinental Exchange		1,928		266,874
Jack Henry & Associates		664		115,383
Jefferies Financial Group		1,907		79,751
JPMorgan Chase		37,846		7,041,627

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
FINANCIALS — continued
Kinsale Capital Group		201	$	103,752
KKR		1,501		147,488
Loews		1,638		123,063
LPL Financial Holdings		893		239,226
M&T Bank		1,264		176,631
Markel Group *		120		179,098
MarketAxess Holdings		273		58,261
Marsh & McLennan		3,015		609,844
Mastercard, Cl A		3,635		1,725,753
MetLife		2,575		179,580
Moody's		645		244,726
Morgan Stanley		10,049		864,616
Morningstar		512		152,878
MSCI, Cl A		334		187,364
Nasdaq		8,031		451,342
Northern Trust		1,519		124,755
OneMain Holdings, Cl A		921		43,499
PayPal Holdings *		1,941		117,120
PNC Financial Services Group		1,429		210,349
Primerica		441		108,160
Principal Financial Group		2,061		166,652
Progressive		5,413		1,026,088
Prudential Financial		3,617		394,217
Raymond James Financial		1,803		216,937
Regions Financial		8,039		149,767
Reinsurance Group of America, Cl A		1,003		177,380
Robinhood Markets, Cl A *		3,221		52,534
S&P Global		1,003		429,665
State Street		2,265		166,998
Synchrony Financial		3,577		147,730
T Rowe Price Group		749		84,899
Toast, Cl A *		1,965		45,195
Tradeweb Markets, Cl A		940		99,471
Travelers		3,002		663,322
Truist Financial		1,659		58,032
Unum Group		2,200		108,790
US Bancorp		5,768		242,025
Visa, Cl A		7,077		2,000,243
Wells Fargo		13,030		724,338
Willis Towers Watson		785		213,999

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
FINANCIALS — continued
WR Berkley		4,056	$	339,082
				40,517,910

HEALTH CARE — 8.2%
Abbott Laboratories		6,229		739,009
AbbVie		12,673		2,231,082
Agilent Technologies		2,620		359,883
Align Technology *		224		67,742
Alnylam Pharmaceuticals *		673		101,684
Amgen		2,879		788,357
Baxter International		4,013		164,212
Becton Dickinson		973		229,190
Biogen *		884		191,819
BioMarin Pharmaceutical *		1,333		115,011
Bio-Rad Laboratories, Cl A *		114		37,150
Bio-Techne		1,088		80,044
Boston Scientific *		4,427		293,112
Bristol-Myers Squibb		12,613		640,110
Bruker		600		51,924
Cardinal Health		1,407		157,556
Cencora, Cl A		5,219		1,229,596
Centene *		3,902		306,034
Charles River Laboratories International *		301		76,511
Cigna Group		2,537		852,787
Cooper		1,536		143,770
CVS Health		6,727		500,287
Danaher		5,203		1,317,087
DaVita *		207		26,283
DexCom *		882		101,492
Edwards Lifesciences *		1,683		142,836
Elevance Health		1,830		917,287
Eli Lilly		10,733		8,089,247
Exact Sciences *		2,413		138,820
Fortrea Holdings *		905		33,974
GE HealthCare Technologies		3,853		351,732
Gilead Sciences		8,129		586,101
HCA Healthcare		4,797		1,495,225
Henry Schein *		2,209		168,922
Hologic *		3,180		234,684
Humana		1,202		421,085

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
HEALTH CARE — continued
IDEXX Laboratories *		827	$	475,715
Illumina *		307		42,928
Insulet *		201		32,964
Intuitive Surgical *		689		265,678
IQVIA Holdings *		1,590		392,984
Johnson & Johnson		16,674		2,690,850
Laboratory Corp of America Holdings		897		193,599
McKesson		2,186		1,139,802
Medtronic		4,394		366,284
Merck		8,679		1,103,535
Mettler-Toledo International *		198		246,950
Moderna *		2,248		207,356
Molina Healthcare *		2,294		903,630
Neurocrine Biosciences *		1,614		210,466
Penumbra *		216		50,743
Pfizer		31,946		848,486
Quest Diagnostics		2,986		372,922
Regeneron Pharmaceuticals *		280		270,505
Repligen *		751		145,686
ResMed		934		162,254
Revvity		1,253		137,316
Royalty Pharma, Cl A		2,289		69,448
Sarepta Therapeutics *		356		45,532
STERIS		725		168,860
Stryker		1,096		382,581
Teleflex		452		100,701
Thermo Fisher Scientific		1,706		972,727
United Therapeutics *		2,480		559,587
UnitedHealth Group		4,458		2,200,469
Universal Health Services, Cl B		1,106		184,768
Veeva Systems, Cl A *		615		138,689
Vertex Pharmaceuticals *		1,838		773,320
Viatris, Cl W		4,807		59,463
Waters *		629		212,237
West Pharmaceutical Services		357		127,935
Zimmer Biomet Holdings		1,614		200,717
Zoetis, Cl A		3,859		765,355
				40,604,687

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INDUSTRIALS — 10.5%
3M		1,746	$	160,841
A O Smith		2,094		173,593
Acuity Brands		270		67,835
Advanced Drainage Systems		211		34,444
AECOM		3,086		274,129
AGCO		903		99,059
Air Lease, Cl A		1,766		70,817
Allegion		1,516		193,851
Allison Transmission Holdings		3,317		249,870
American Airlines Group *		10,957		171,806
AMETEK		2,414		434,954
Automatic Data Processing		1,744		437,971
Axon Enterprise *		359		110,346
AZEK, Cl A *		11,143		536,090
Boeing *		1,875		381,975
Booz Allen Hamilton Holding, Cl A		6,024		889,805
Broadridge Financial Solutions		2,298		467,827
Builders FirstSource *		11,122		2,170,792
Carlisle		1,518		531,300
Carrier Global		4,546		252,667
Caterpillar		4,151		1,386,268
CH Robinson Worldwide		1,420		105,194
Cintas		1,384		869,996
Clean Harbors *		377		68,652
Copart *		10,645		565,782
Core & Main, Cl A *		1,408		67,204
CSX		16,491		625,668
Cummins		1,855		498,272
Dayforce *		626		43,670
Deere		2,198		802,380
Delta Air Lines		23,898		1,010,168
Dover		4,268		705,842
Eaton		6,353		1,836,017
EMCOR Group		459		143,906
Emerson Electric		2,542		271,613
Equifax		822		224,891
Esab		8,393		831,914
Expeditors International of Washington		3,214		384,394
Fastenal		13,114		957,453
FedEx		1,424		354,533
Ferguson		1,515		320,347

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INDUSTRIALS — continued
Fortive		2,477	$	210,867
Fortune Brands Innovations		644		52,383
General Dynamics		832		227,344
General Electric		7,469		1,171,759
Graco		963		87,883
HEICO		933		180,442
HEICO, Cl A		408		63,481
Honeywell International		2,962		588,638
Howmet Aerospace		8,692		578,453
Hubbell, Cl B		2,728		1,038,468
Huntington Ingalls Industries		492		143,477
IDEX		1,364		321,768
Illinois Tool Works		1,276		334,503
Ingersoll Rand		9,503		867,909
ITT		5,213		657,568
Jacobs Solutions		3,618		530,580
JB Hunt Transport Services		1,883		388,482
Johnson Controls International		4,525		268,197
Knight-Swift Transportation Holdings, Cl A		1,320		74,369
L3Harris Technologies		984		208,273
Landstar System		1,983		377,167
Leidos Holdings		1,540		196,904
Lennox International		1,339		630,950
Lincoln Electric Holdings		418		107,259
Lockheed Martin		1,384		592,684
Masco		1,281		98,330
NEXTracker, Cl A *		879		49,451
Nordson		1,091		289,824
Norfolk Southern		1,775		449,749
Northrop Grumman		514		236,964
nVent Electric		1,044		70,282
Old Dominion Freight Line		2,738		1,211,510
Otis Worldwide		2,336		222,621
Owens Corning		4,301		644,204
PACCAR		10,036		1,112,892
Parker-Hannifin		2,444		1,308,640
Paychex		1,273		156,095
Paycom Software		453		82,623
Paylocity Holding *		364		61,374
Pentair		3,958		307,893
Quanta Services		6,611		1,596,623

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INDUSTRIALS — continued
Regal Beloit		1,671	$	286,560
Republic Services, Cl A		1,006		184,702
Robert Half		510		41,004
Rockwell Automation		1,009		287,646
Rollins		3,031		133,576
RTX		5,159		462,607
Ryder System		524		59,788
Saia *		717		412,562
Snap-on		1,812		499,496
Southwest Airlines		1,374		47,087
SS&C Technologies Holdings		1,015		64,716
Stanley Black & Decker		205		18,304
Tetra Tech		304		53,905
Textron		2,043		181,970
Timken		1,532		128,673
Toro		1,660		153,235
Trane Technologies		6,211		1,751,316
TransDigm Group		180		211,993
TransUnion		318		24,686
Uber Technologies *		1,759		139,840
U-Haul Holding *		274		17,640
U-Haul Holding, Cl B		2,086		132,607
Union Pacific		4,232		1,073,616
United Airlines Holdings *		3,592		163,400
United Parcel Service, Cl B		5,248		778,068
United Rentals		3,842		2,663,543
Veralto		880		76,050
Verisk Analytics, Cl A		1,747		422,599
Vertiv Holdings, Cl A		13,046		882,170
Waste Management		2,177		447,700
Watsco		701		276,278
Westinghouse Air Brake Technologies		2,478		350,117
WillScot Mobile Mini Holdings *		1,243		59,353
WW Grainger		1,177		1,145,762
XPO *		5,861		705,195
Xylem		3,101		393,982
				52,314,765

INFORMATION TECHNOLOGY — 16.7%
Accenture, Cl A		6,002		2,249,430

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — continued
Adobe *		1,782	$	998,419
Advanced Micro Devices *		4,216		811,706
Akamai Technologies *		2,595		287,837
Amdocs		1,855		169,176
Amphenol, Cl A		2,342		255,840
Analog Devices		1,887		361,964
ANSYS *		498		166,417
Apple		73,200		13,230,900
Applied Materials		4,066		819,787
AppLovin, Cl A *		9,862		588,959
Arista Networks *		2,308		640,562
Arrow Electronics *		589		69,208
Aspen Technology *		407		78,913
Atlassian, Cl A *		245		50,818
Autodesk *		696		179,686
Bentley Systems, Cl B		1,009		51,832
Broadcom		4,354		5,662,333
Cadence Design Systems *		2,921		889,094
CDW		4,332		1,066,582
Cisco Systems		18,556		897,554
Cognizant Technology Solutions, Cl A		3,680		290,794
Corning		6,629		213,719
Crowdstrike Holdings, Cl A *		183		59,319
Datadog, Cl A *		214		28,132
Dell Technologies, Cl C		872		82,544
Dropbox, Cl A *		4,271		102,290
Dynatrace *		1,440		71,352
Enphase Energy *		893		113,420
Entegris		1,102		148,065
EPAM Systems *		791		240,780
F5 *		229		42,873
Fair Isaac *		608		772,105
First Solar *		662		101,875
Flex *		5,048		142,101
Fortinet *		7,478		516,805
Gartner *		1,113		518,168
Gen Digital		3,649		78,417
GLOBALFOUNDRIES *		236		12,902
GoDaddy, Cl A *		974		111,182
Hewlett Packard Enterprise		11,090		168,901
HP		5,656		160,234

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — continued
HubSpot *		334	$	206,683
Intel		11,751		505,881
International Business Machines		6,388		1,181,972
Intuit		750		497,168
Jabil		4,969		715,983
Juniper Networks		4,413		163,413
Keysight Technologies *		5,133		792,022
KLA		2,539		1,732,360
Kyndryl Holdings *		12,505		274,735
Lam Research		2,199		2,063,212
Lattice Semiconductor *		484		37,079
Manhattan Associates *		800		202,664
Marvell Technology		2,256		161,665
Microchip Technology		4,323		363,737
Micron Technology		3,940		357,003
Microsoft		38,925		16,100,937
MongoDB, Cl A *		114		51,024
Monolithic Power Systems		232		167,049
Motorola Solutions		1,617		534,241
NetApp		1,536		136,888
Nutanix, Cl A *		3,981		251,440
NVIDIA		17,537		13,873,871
Okta, Cl A *		1,432		153,654
ON Semiconductor *		4,566		360,349
Oracle		7,002		781,983
Palantir Technologies, Cl A *		6,790		170,293
Palo Alto Networks *		558		173,287
Pegasystems		1,717		111,674
Procore Technologies *		637		49,705
PTC *		583		106,695
Pure Storage, Cl A *		1,082		56,967
Qorvo *		1,261		144,448
QUALCOMM		6,128		966,937
Roper Technologies		279		151,980
Salesforce *		2,215		684,036
Seagate Technology Holdings		1,194		111,102
ServiceNow *		215		165,838
Skyworks Solutions		376		39,450
Splunk *		213		33,275
Super Micro Computer *		363		314,402
Synopsys *		1,826		1,047,631

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — continued
TD SYNNEX		3,576	$	371,546
TE Connectivity		1,517		217,781
Teledyne Technologies *		1,279		546,478
Teradyne		4,595		475,996
Texas Instruments		4,444		743,615
Trimble *		1,542		94,355
Twilio, Cl A *		1,329		79,195
Tyler Technologies *		233		101,854
VeriSign *		777		151,740
Vontier		1,106		47,558
Western Digital *		2,380		141,539
Workday, Cl A *		187		55,101
Zebra Technologies, Cl A *		450		125,766
Zoom Video Communications, Cl A *		352		24,897
Zscaler *		223		53,959
				82,729,108

MATERIALS — 2.0%
Air Products & Chemicals		312		73,020
Albemarle		1,150		158,528
Amcor		11,449		103,728
AptarGroup		607		85,259
Avery Dennison		1,227		265,682
Ball		300		19,206
Celanese, Cl A		1,077		163,672
CF Industries Holdings		999		80,639
Corteva		4,158		222,536
Crown Holdings		2,567		196,684
Dow		5,721		319,689
DuPont de Nemours		3,291		227,704
Eagle Materials		219		55,527
Eastman Chemical		2,034		178,463
Ecolab		205		46,092
Element Solutions		4,689		110,192
Freeport-McMoRan		11,572		437,537
Graphic Packaging Holding		5,617		145,761
International Flavors & Fragrances		275		20,763
International Paper		3,582		126,660
Linde		1,740		780,947
LyondellBasell Industries, Cl A		4,073		408,440

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
MATERIALS — continued
Martin Marietta Materials		531	$	306,764
Mosaic		2,979		92,826
Newmont		3,803		118,844
Nucor		4,762		915,733
Packaging Corp of America		2,534		459,135
PPG Industries		1,731		245,110
Reliance		3,348		1,075,445
RPM International		3,638		419,643
Sherwin-Williams		1,439		477,791
Steel Dynamics		7,283		974,611
Vulcan Materials		975		259,204
Westlake		1,300		180,323
				9,752,158

REAL ESTATE — 0.1%
CBRE Group, Cl A *		5,101		468,731
CoStar Group *		1,247		108,526
Zillow Group, Cl A *		875		47,302
Zillow Group, Cl C *		1,064		59,744
				684,303

UTILITIES — 1.0%
AES		5,821		88,479
Alliant Energy		1,852		88,433
Ameren		1,670		118,887
American Electric Power		2,485		211,697
American Water Works		1,226		145,330
Atmos Energy		848		95,748
Avangrid		659		20,515
Brookfield Renewable, Cl A		2,770		65,704
CenterPoint Energy		4,401		121,028
CMS Energy		1,584		90,874
Consolidated Edison		2,264		197,443
Constellation Energy		1,823		307,084
Dominion Energy		2,595		124,119
DTE Energy		1,300		140,855
Duke Energy		2,844		261,165
Edison International		1,730		117,675
Entergy		1,355		137,627
Essential Utilities		3,319		115,435

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
UTILITIES — continued
Evergy		1,983	$	98,238
Eversource Energy		816		47,899
Exelon		4,665		167,194
FirstEnergy		3,669		134,322
NextEra Energy		6,601		364,309
NiSource		5,185		135,121
NRG Energy		2,500		138,300
PG&E		11,383		189,982
PPL		5,203		137,203
Public Service Enterprise Group		3,423		213,595
Sempra		2,053		144,942
Southern		4,088		274,918
Vistra		5,831		318,023
WEC Energy Group		904		70,955
Xcel Energy		682		35,935
				4,919,034

				329,868,234
Total Common Stock
(Cost $187,262,911)				330,383,279
REGISTERED INVESTMENT COMPANIES — 32.4%

EQUITY FUNDS — 32.4%
AQR Large Cap Defensive Style Fund, Cl R6 *		454,038		10,547,301
Avantis U.S. Small Capital Value ETF		128,592		11,453,689
DFA Real Estate Securities Portfolio, Cl I *		647,608		24,654,452
DFA US Small Cap Portfolio, Cl I *		407,125		18,263,639
DFA US Targeted Value Portfolio, Cl I *		944,791		29,940,441
iShares MSCI USA Min Vol Factor ETF		303,505		24,702,272
iShares MSCI USA Momentum Factor ETF		69,107		12,591,986
Vanguard Small Cap Value ETF		33,831		6,177,202
Vanguard US Momentum Factor ETF		32,128		4,706,752
Vanguard US Quality Factor ETF		41,814		5,566,280
Vanguard US Value Factor ETF		108,091		12,167,761
Total Registered Investment Companies
(Cost $117,268,408)				160,771,775

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

RIGHTS — 0.0%
		Number of Rights	Value
Abiomed⁽¹⁾		362	$	5,651

Total Rights
(Cost $–)				5,651
SHORT-TERM INVESTMENT — 1.0%
	Shares
DWS Government Money Market Series, Institutional Shares, 5.410% (A)
(Cost $4,849,815)		4,849,815		4,849,815
Total Investments — 100.1%
(Cost $309,381,134)			$	496,010,520

A list of open futures contracts held by the Fund at February 29, 2024, is as follows:

Type of Contract	Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation
Long Contracts
S&P 500 Index E-MINI		4		Mar-2024	$	931,109	$	1,020,750	$	89,641

Percentages are based on Net Assets of $495,623,250.

*	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 29, 2024.

Cl — Class

ETF — Exchange-Traded Fund

MSCI — Morgan Stanley Capital International

S&P— Standard & Poor's

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

The following is a summary of the level of inputs used as of February 29, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3#			Total
Common Stock	$	330,383,279	$	–	$	–	⁽¹⁾	$	330,383,279
Registered Investment Companies		160,771,775		–		–			160,771,775
Rights		–		–		5,651			5,651
Short-Term Investment		4,849,815		–		–			4,849,815
Total Investments in Securities	$	496,004,869	$	–	$	5,651		$	496,010,520

Other Financial Instruments	Level 1		Level 2		Level 3			Total
Futures Contract^
Unrealized Appreciation	$	89,641	$	–	$	–		$	89,641
Total Other Financial Instruments	$	89,641	$	–	$	–		$	89,641

# A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

(1) Includes security valued at zero.

^ Futures contracts are valued at the unrealized appreciation on the instrument.

Amounts designated as “—” are $0.

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

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

SECTOR WEIGHTINGS^†

^† Percentages are based on total investments. Total investments does not include futures.

SCHEDULE OF INVESTMENTS
REGISTERED INVESTMENT COMPANIES — 66.9%
	Shares		Value
EQUITY FUNDS — 66.9%
AQR International Defensive Style Fund, Cl R6		564,393	$	7,845,061
Avantis Emerging Markets Equity ETF		239,863		13,621,820
Avantis International Equity ETF		78,528		4,806,699
Avantis International Small Cap Value ETF		100,393		6,255,488
DFA Emerging Markets Portfolio, Cl I		687,551		18,997,047
DFA Emerging Markets Small Cap Portfolio, Cl I		538,616		12,258,893
DFA Emerging Markets Targeted Value Portfolio, Cl I		233,481		2,570,627
DFA International High Relative Profitability Portfolio, Cl I		1,027,885		13,434,459
DFA International Real Estate Securities, Cl I		2,284,566		7,950,291
DFA International Small Cap Growth Portfolio, Cl I		102,069		1,535,121
DFA International Small Cap Value Portfolio, Cl I		600,502		12,736,646
DFA International Value Portfolio, Cl I		656,748		13,318,841
DFA Large Cap International Portfolio, Cl I		938,628		25,230,313
Dimensional Emerging Markets High Profitability		293,910		7,103,805
iShares MSCI EAFE Min Vol Factor ETF		99,817		6,928,298
iShares MSCI Emerging Markets Min Vol Factor ETF		142,710		8,037,427

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

REGISTERED INVESTMENT COMPANIES — continued
	Shares		Value
EQUITY FUNDS — continued
Schwab International Small-Cap Equity ETF		74,825	$	2,568,742
Total Registered Investment Companies
(Cost $135,116,416)				165,199,578
COMMON STOCK — 29.8%

AUSTRALIA — 0.4%
BlueScope Steel		2,357		35,050
Brambles		5,144		50,509
Fortescue		30,993		523,101
REA Group		1,089		137,725
Wesfarmers		1,889		81,990
Woolworths Group		2,779		58,992
				887,367

AUSTRIA — 0.0%
Erste Group Bank		2,598		103,876

BRAZIL — 0.8%
Banco do Brasil		52,000		606,393
BB Seguridade Participacoes		35,500		239,233
Cia de Saneamento Basico do Estado de Sao Paulo ADR		10,922		172,568
CPFL Energia		6,600		46,986
Itau Unibanco Holding ADR		66,862		455,999
PRIO		28,800		254,102
TIM		31,000		112,997
Ultrapar Participacoes		5,900		34,822
Vibra Energia		7,800		40,247
WEG		8,000		59,544
Wheaton Precious Metals		1,709		70,430
				2,093,321

CANADA — 2.0%
Canadian Natural Resources		14,299		996,078
Canadian Pacific Kansas City		5,030		427,076
Cenovus Energy		32,912		573,532
CGI, Cl A *		292		33,526
Constellation Software		28		77,954
Dollarama		865		66,910
Empire		1,696		42,976
George Weston		887		116,180

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
CANADA — continued
Hydro One		1,413	$	42,115
Imperial Oil		9,043		565,841
Intact Financial		1,902		316,283
National Bank of Canada		6,172		481,745
RB Global		1,530		115,431
Restaurant Brands International		812		63,050
Royal Bank of Canada		6,482		629,501
Sun Life Financial		1,996		106,010
Teck Resources, Cl B		1,591		61,136
WSP Global		1,891		300,158
				5,015,502

CHILE — 0.1%
Antofagasta		7,299		167,697

CHINA — 2.7%
AAC Technologies Holdings		33,000		82,043
Agricultural Bank of China, Cl A		35,800		20,834
Agricultural Bank of China, Cl H		1,071,000		439,373
Airtac International Group		1,046		40,076
Akeso *		11,000		65,961
Anhui Conch Cement, Cl A		4,300		14,300
Bank of Beijing, Cl A		31,100		22,396
Bank of China, Cl A		32,800		20,362
Bank of China, Cl H		636,000		249,504
Bank of Communications, Cl A		25,400		22,113
Bank of Ningbo, Cl A		6,868		21,208
Bank of Shanghai, Cl A		15,700		14,250
Baoshan Iron & Steel, Cl A		58,500		54,155
Beijing Enterprises Holdings		11,500		43,261
BOE Technology Group, Cl A		110,400		61,185
BYD, Cl A		1,200		31,753
BYD, Cl H		2,500		61,575
BYD Electronic International		75,000		283,190
China CITIC Bank, Cl H		384,000		204,168
China Coal Energy, Cl H		72,000		77,538
China Construction Bank, Cl H		160,000		99,225
China Everbright Bank, Cl A		35,600		15,921
China Galaxy Securities, Cl H		98,000		51,493
China Hongqiao Group		75,500		58,428
China Merchants Bank, Cl A		7,100		31,499

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
CHINA — continued
China Merchants Securities, Cl A		9,800	$	19,209
China Merchants Shekou Industrial Zone Holdings, Cl A		16,600		21,699
China Minsheng Banking, Cl A		28,800		16,165
China Pacific Insurance Group, Cl A		7,600		26,961
China Petroleum & Chemical, Cl A		88,800		76,983
China Petroleum & Chemical, Cl H		370,000		203,853
China Resources Power Holdings		16,000		34,442
China Shenhua Energy, Cl H		116,000		446,332
China State Construction International Holdings		8,000		8,914
China Tourism Group Duty Free, Cl A		1,900		22,921
China Vanke, Cl A		7,800		10,857
CITIC Securities, Cl A		16,650		49,217
COSCO SHIPPING Holdings, Cl H		128,700		138,551
Foshan Haitian Flavouring & Food, Cl A		3,912		22,026
Great Wall Motor, Cl H		82,500		93,114
Guotai Junan Securities, Cl A		17,100		35,838
Haier Smart Home, Cl A		10,242		34,178
Haitong Securities, Cl A		21,000		26,651
Huatai Securities, Cl A		13,000		26,227
Huaxia Bank, Cl A		24,900		21,934
Industrial & Commercial Bank of China, Cl A		19,500		14,437
Industrial Bank, Cl A		7,500		17,333
Inner Mongolia Yili Industrial Group, Cl A		7,400		29,106
Jiangsu Hengrui Pharmaceuticals, Cl A		6,404		37,863
Kunlun Energy		54,000		46,036
Kweichow Moutai, Cl A		500		117,509
Lenovo Group		122,000		134,777
Li Auto, Cl A *		8,500		193,987
Li Ning		48,500		119,994
Luxshare Precision Industry, Cl A		12,169		46,651
Luzhou Laojiao, Cl A		1,900		46,156
Midea Group, Cl A		2,800		24,322
NARI Technology, Cl A		12,269		39,499
New China Life Insurance, Cl A		3,200		14,557
New Oriental Education & Technology Group *		24,000		225,559
PetroChina, Cl A		33,600		41,206
PetroChina, Cl H		998,000		782,743
PICC Property & Casualty, Cl H		222,000		303,501
Ping An Bank, Cl A		9,600		14,101
Ping An Insurance Group of China, Cl A		4,400		26,145
Poly Developments and Holdings Group, Cl A		15,100		20,446

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
CHINA — continued
Postal Savings Bank of China, Cl H		95,000	$	49,910
SAIC Motor, Cl A		9,100		18,897
Sany Heavy Industry, Cl A		16,600		32,086
Shanghai Pudong Development Bank, Cl A		12,100		12,011
Shenwan Hongyuan Group, Cl A		35,300		22,453
Sinopharm Group, Cl H		34,800		97,386
Sinotruk Hong Kong		90,500		239,418
Tongcheng Travel Holdings *		11,200		28,156
Tsingtao Brewery, Cl H		2,000		12,797
Weichai Power, Cl H		67,000		131,880
Yankuang Energy Group, Cl H		93,000		214,462
Zhejiang Expressway, Cl H		104,000		79,313
				6,656,580

DENMARK — 0.9%
Danske Bank		7,431		218,621
DSV Panalpina		419		67,229
Novo Nordisk, Cl B		9,386		1,120,366
Pandora		4,163		673,242
ROCKWOOL International, Cl B		204		65,290
Vestas Wind Systems *		2,465		68,695
				2,213,443

FRANCE — 1.0%
Air Liquide		1,166		236,993
Capgemini		162		39,406
Cie Generale des Etablissements Michelin SCA		13,432		497,071
Dassault Systemes		1,885		88,333
EssilorLuxottica		971		206,177
Hermes International SCA		135		337,816
L'Oreal		162		77,383
LVMH Moet Hennessy Louis Vuitton		119		108,616
Safran		678		142,170
Sartorius Stedim Biotech		103		28,351
SEB		2,691		318,905
TotalEnergies		5,617		358,023
				2,439,244

GERMANY — 1.4%
Bechtle		271		13,982

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
GERMANY — continued
Brenntag		1,896	$	173,113
Commerzbank		7,098		82,166
Deutsche Boerse		408		85,414
Deutsche Telekom		26,321		625,624
Hannover Rueck		1,228		315,238
Heidelberg Materials		652		63,309
Mercedes-Benz Group		4,292		342,008
Muenchener Rueckversicherungs-Gesellschaft in Muenchen		2,081		968,859
Siemens		4,123		816,226
Siemens Energy *		2,099		32,233
				3,518,172

HONG KONG — 0.0%
Techtronic Industries		4,000		43,153

INDONESIA — 0.4%
Adaro Energy Indonesia		1,498,700		230,981
Bank Mandiri Persero		1,171,000		523,055
Bank Negara Indonesia Persero		398,400		152,262
Sumber Alfaria Trijaya		867,100		151,740
				1,058,038

ITALY — 1.0%
Ferrari		455		193,270
Intesa Sanpaolo		375,784		1,196,651
Leonardo		12,970		277,301
Prysmian		4,988		248,930
UniCredit		18,597		622,900
				2,539,052

JAPAN — 6.7%
Advantest		12,800		602,571
Ajinomoto		10,100		371,491
Bandai Namco Holdings		1,000		19,256
Chiba Bank		60,100		489,457
Chugai Pharmaceutical		3,300		131,807
Daiichi Sankyo		5,700		187,723
Daito Trust Construction		400		47,452
Denso		6,000		110,372

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
JAPAN — continued
Disco		1,100	$	358,476
Fuji Electric		600		36,539
FUJIFILM Holdings		3,700		235,678
Fujitsu		1,800		281,291
Hitachi		3,100		262,634
Hoya		3,800		496,041
Isuzu Motors		2,600		37,099
ITOCHU		12,900		560,388
Japan Post Bank		51,300		546,997
Japan Tobacco		28,300		735,135
JFE Holdings		3,600		59,041
Kawasaki Kisen Kaisha		2,300		109,781
KDDI		700		21,162
Marubeni		19,200		318,182
Mazda Motor		30,900		358,827
Mitsubishi HC Capital		106,300		734,514
Mitsubishi Heavy Industries		500		39,573
Mitsubishi UFJ Financial Group		19,500		200,320
Mitsui		9,700		426,049
Mizuho Financial Group		70,200		1,311,483
Nintendo		3,000		167,641
Nippon Sanso Holdings		2,500		72,509
Nippon Steel		21,900		543,463
Nippon Telegraph & Telephone		177,500		215,870
Nippon Yusen		25,800		821,639
Nissin Foods Holdings		7,200		209,868
Nitto Denko		800		73,555
Nomura Real Estate Holdings		5,300		131,933
Nomura Research Institute		3,800		106,780
Obayashi		17,900		173,298
Oriental Land		1,000		35,840
ORIX		15,600		327,764
Panasonic Holdings		7,900		74,684
Renesas Electronics		9,400		155,317
Resona Holdings		30,600		167,003
Sekisui House		1,400		31,186
Shin-Etsu Chemical		9,500		405,406
Sompo Holdings		1,100		64,488
Sony		4,500		387,667
Sumitomo		6,900		161,984
Sumitomo Electric Industries		19,900		295,489
Sumitomo Mitsui Financial Group		5,000		278,573

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
JAPAN — continued
Sumitomo Mitsui Trust Holdings		12,900	$	261,396
TDK		3,300		172,052
Tokio Marine Holdings		16,800		490,840
Tokyo Electric Power Holdings *		21,600		116,852
Tokyo Electron		3,900		967,625
Tokyo Gas		13,500		295,491
Toyota Motor		9,500		228,821
				16,524,373

MALAYSIA — 0.0%
Telekom Malaysia		63,100		80,488

MEXICO — 1.1%
America Movil ADR		3,259		60,976
Arca Continental		40,700		438,753
Cemex ADR *		4,913		37,535
Coca-Cola Femsa ADR		2,499		242,528
Fibra Uno Administracion ^‡		84,500		152,300
Fomento Economico Mexicano ADR		166		20,624
Grupo Aeroportuario del Sureste ADR		334		98,320
Grupo Bimbo, Ser A		61,400		256,886
Grupo Carso		24,400		211,343
Grupo Financiero Banorte, Cl O		12,100		125,158
Grupo Financiero Inbursa, Cl O		94,500		287,144
Grupo Mexico		24,500		119,465
Promotora y Operadora de Infraestructura		11,580		120,894
Southern Copper		4,169		337,105
Wal-Mart de Mexico		41,600		166,163
				2,675,194

NETHERLANDS — 0.9%
ASML Holding		1,776		1,685,428
BE Semiconductor Industries		1,174		212,632
Shell		4,894		151,372
Wolters Kluwer		1,641		259,147
				2,308,579

POLAND — 0.4%
Bank Polska Kasa Opieki		6,845		296,891
Budimex		785		143,491

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
POLAND — continued
Dino Polska *		283	$	32,930
LPP		19		85,468
mBank *		731		127,375
PGE Polska Grupa Energetyczna *		47,541		95,008
Powszechna Kasa Oszczednosci Bank Polski		5,789		80,672
Powszechny Zaklad Ubezpieczen		2,812		34,602
Santander Bank Polska		113		15,584
				912,021

PORTUGAL — 0.0%
Jeronimo Martins SGPS		830		19,875

RUSSIA — 0.0%
Evraz *⁽¹⁾		29,556		—

SINGAPORE — 0.1%
STMicroelectronics		2,589		117,560

SOUTH AFRICA — 0.2%
Aspen Pharmacare Holdings		1,529		15,620
FirstRand		6,672		22,572
Harmony Gold Mining ADR		19,012		108,558
Kumba Iron Ore		4,548		127,323
Shoprite Holdings		2,080		28,023
Sibanye Stillwater		68,981		71,098
				373,194

SOUTH KOREA — 1.6%
DB Insurance *		1,519		112,717
Hana Financial Group		2,771		117,900
Hankook Tire & Technology		3,891		158,520
Hanmi Semiconductor *		2,803		179,336
Hanwha Aerospace		591		83,280
HD Hyundai		1,770		94,090
Hyundai Mobis		56		10,214
JYP Entertainment *		149		8,258
Kakao		620		24,886
KB Financial Group		4,476		213,479
Kia *		5,045		472,454
Korea Zinc		225		75,648

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
SOUTH KOREA — continued
Kumho Petrochemical *		747	$	82,960
LG Innotek		743		112,912
Meritz Financial Group		2,356		147,047
Orion		391		27,271
POSCO Holdings		872		283,395
Posco International *		3,410		144,641
Samsung Electronics		25,797		1,423,812
Samsung Engineering *		1,742		32,219
Samsung Fire & Marine Insurance *		58		12,980
Samsung Securities		1,142		35,691
SK Telecom		1,504		59,535
				3,913,245

SPAIN — 0.8%
Banco Bilbao Vizcaya Argentaria		35,047		349,569
Banco Santander		122,982		512,527
CaixaBank		110,550		500,095
Iberdrola		23,846		273,875
Repsol		13,592		215,910
				1,851,976

SWEDEN — 0.6%
Alfa Laval		4,917		185,133
Atlas Copco, Cl A		32,712		568,278
Investor, Cl B		11,172		281,079
Skandinaviska Enskilda Banken, Cl A		15,724		233,859
SKF, Cl B		11,275		246,269
				1,514,618

SWITZERLAND — 0.6%
Chocoladefabriken Lindt & Spruengli		5		61,188
Kuehne + Nagel International		1,107		372,711
Partners Group Holding		42		60,390
Sika		313		90,525
Sonova Holding		199		61,381
Straumann Holding		190		30,032
Swiss Life Holding		127		92,316
VAT Group		453		227,383

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
SWITZERLAND — continued
Zurich Insurance Group		1,088	$	578,849
				1,574,775

TAIWAN — 3.1%
Accton Technology		15,000		246,847
Acer		58,000		82,950
Advantech		5,387		66,489
ASE Technology Holding		73,000		322,269
Asia Cement		58,000		74,243
Asustek Computer		4,000		57,635
Catcher Technology		22,000		137,073
Chailease Holding		27,026		149,422
Compal Electronics		28,000		32,333
CTBC Financial Holding		75,000		69,819
Delta Electronics		8,000		74,549
E.Sun Financial Holding		271,405		216,978
Evergreen Marine Taiwan		16,600		86,963
Fubon Financial Holding		63,043		135,727
Gigabyte Technology		9,000		98,439
Global Unichip		1,000		50,400
Hon Hai Precision Industry		81,000		264,099
Inventec		42,000		73,157
Lite-On Technology		70,000		242,876
MediaTek		8,000		288,691
Mega Financial Holding		55,793		68,354
Micro-Star International		29,000		175,496
Novatek Microelectronics		25,000		475,834
Quanta Computer		20,000		146,967
Realtek Semiconductor		21,000		378,484
SinoPac Financial Holdings		54,974		34,981
Synnex Technology International		54,000		133,031
Taishin Financial Holding		208,205		114,648
Taiwan Cooperative Financial Holding		154,586		127,014
Taiwan Semiconductor Manufacturing ADR		17,018		2,189,706
Unimicron Technology		3,000		17,046
United Microelectronics		310,000		477,967
Wistron		36,000		131,824
Wiwynn		2,000		147,656
Yang Ming Marine Transport		16,000		25,243
Yuanta Financial Holding		185,923		161,571

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
TAIWAN — continued
Zhen Ding Technology Holding		36,000	$	114,569
				7,691,350

THAILAND — 0.1%
Advanced Info Service NVDR		20,700		116,134
Bumrungrad Hospital NVDR		21,000		131,027
Delta Electronics Thailand NVDR		7,400		14,731
Krung Thai Bank NVDR		107,300		48,157
PTT Exploration & Production NVDR		4,900		20,577
				330,626

TURKEY — 0.8%
Akbank		155,742		206,982
Ford Otomotiv Sanayi		3,306		107,551
Haci Omer Sabanci Holding		171,711		436,629
KOC Holding		43,225		232,628
Turk Hava Yollari AO *		13,206		119,040
Turkcell Iletisim Hizmetleri		86,166		184,582
Turkiye Is Bankasi, Cl C		558,779		198,155
Turkiye Petrol Rafinerileri		30,534		158,133
Yapi ve Kredi Bankasi		314,311		231,957
				1,875,657

UNITED KINGDOM — 1.3%
Ashtead Group		6,149		442,268
AstraZeneca		170		21,429
Auto Trader Group		3,155		29,543
BAE Systems		17,152		269,231
Berkeley Group Holdings		8,232		483,658
BP		112,727		654,956
HSBC Holdings		54,354		423,082
JD Sports Fashion		74,755		111,706
Legal & General Group		74,166		227,398
Melrose Industries		39,029		313,443
Next		430		45,210
Rolls-Royce Holdings *		39,847		185,979
SSE		1,149		23,615
United Utilities Group		2,190		28,347
				3,259,865

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — 0.8%
CONSUMER DISCRETIONARY — 0.2%
Stellantis		17,457	$	456,669

CONSUMER STAPLES — 0.0%
JBS		15,200		70,418

ENERGY — 0.1%
Tenaris		11,856		210,580

HEALTH CARE — 0.0%
CSL		90		16,755

INDUSTRIALS — 0.5%
Experian		5,803		248,518
Schneider Electric		4,005		910,307
				1,158,825

				1,913,247
Total Common Stock
(Cost $44,601,945)				73,672,088
PREFERRED STOCK — 0.3%

BRAZIL — 0.3%
Cia Energetica de Minas Gerais⁽²⁾		117,149		281,142
Petroleo Brasileiro⁽²⁾		60,700		489,156

Total Preferred Stock
(Cost $548,143)				770,298
WARRANTS — 0.0%
		Number of Warrants
Constellation Software, Expires 08/22/28⁽¹⁾		28		—

Total Warrants
(Cost $–)				—

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

SHORT-TERM INVESTMENT — 2.8%
	Shares		Value
DWS Government Money Market Series, Institutional Shares, 5.410% (A)
(Cost $6,852,308)		6,852,308	$	6,852,308

Total Investments — 99.8%
(Cost $187,118,812)			$	246,494,272

A list of open futures contracts held by the Fund at February 29, 2024, is as follows:

Type of Contract	Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Depreciation
Long Contracts
IFSC Nifty50 Index		113		Mar-2024	$	5,031,678	$	5,015,392	$	(16,286	)

Percentages are based on Net Assets of $247,063,466.

*	Non-income producing security.
^‡	Real Estate Investment Trust
(1)	Level 3 security in accordance with fair value hierarchy.
(2)	No Interest Rate Available.
(A)	The rate reported is the 7-day effective yield as of February 29, 2024.

ADR — American Depositary Receipt

Cl — Class

EAFE — Europe, Australasia and Far East

ETF — Exchange-Traded Fund

IFSC— International Financial Service Centre

MSCI — Morgan Stanley Capital International

NVDR — Non-Voting Depositary Receipt

Ser — Series

Vol — Volatility

The following is a summary of the level of inputs used as of February 29, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3#		Total
Registered Investment Companies	$	165,199,578	$	–	$	–	$	165,199,578
Common Stock
Australia		–		887,367		–		887,367
Austria		–		103,876		–		103,876
Brazil		2,093,321		–		–		2,093,321

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

Investments in Securities	Level 1			Level 2		Level 3#			Total
Canada	$	5,015,502		$	–	$	–		$	5,015,502
Chile		–			167,697		–			167,697
China		–			6,656,580		–			6,656,580
Denmark		–			2,213,443		–			2,213,443
France		–			2,439,244		–			2,439,244
Germany		–			3,518,172		–			3,518,172
Hong Kong		–			43,153		–			43,153
Indonesia		–			1,058,038		–			1,058,038
Italy		193,270			2,345,782		–			2,539,052
Japan		–			16,524,373		–			16,524,373
Malaysia		–			80,488		–			80,488
Mexico		2,675,194			–		–			2,675,194
Netherlands		–			2,308,579		–			2,308,579
Poland		–			912,021		–			912,021
Portugal		–			19,875		–			19,875
Russia		–			–		–	⁽¹⁾		–	⁽¹⁾
Singapore		–			117,560		–			117,560
South Africa		235,881			137,313		–			373,194
South Korea		–			3,913,245		–			3,913,245
Spain		–			1,851,976		–			1,851,976
Sweden		–			1,514,618		–			1,514,618
Switzerland		–			1,574,775		–			1,574,775
Taiwan		2,189,706			5,501,644		–			7,691,350
Thailand		–			330,626		–			330,626
Turkey		–			1,875,657		–			1,875,657
United Kingdom		–			3,259,865		–			3,259,865
United States		70,418			1,842,829		–			1,913,247
Total Common Stock		12,473,292			61,198,796		–	⁽¹⁾		73,672,088
Preferred Stock
Brazil		770,298			–		–			770,298
Warrants		–			–		–	⁽¹⁾		–	⁽¹⁾
Short-Term Investment		6,852,308			–		–			6,852,308
Total Investments in Securities	$	185,295,476		$	61,198,796	$	–	⁽¹⁾	$	246,494,272

Other Financial Instruments	Level 1			Level 2		Level 3			Total
Futures Contract^
Unrealized Depreciation	$	(16,286	)	$	–	$	–		$	(16,286	)
Total Other Financial Instruments	$	(16,286	)	$	–	$	–		$	(16,286	)

(1) Includes securities valued at zero.

^ Futures contracts are valued at the unrealized depreciation on the instrument.

Amounts designated as “—” are $0.

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

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

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

SECTOR WEIGHTINGS^†

^†	Percentages are based on total investments. Total investments does not include futures.

SCHEDULE OF INVESTMENTS
COMMON STOCK — 51.1%
	Shares		Value
AUSTRALIA — 0.2%
BlueScope Steel		1,841	$	27,377
Brambles		6,239		61,261
Fortescue		24,313		410,356
REA Group		734		92,829
Rio Tinto		156		10,007
Wesfarmers		1,077		46,746
Woolworths Group		2,242		47,592
				696,168

AUSTRIA — 0.0%
Erste Group Bank		2,210		88,363

BRAZIL — 0.3%
Banco do Brasil		40,700		474,619
BB Seguridade Participacoes		15,400		103,780
Cia de Saneamento Basico do Estado de Sao Paulo SABESP		6,800		108,160
CPFL Energia		10,600		75,463
Itau Unibanco Holding ADR		50,264		342,800
PRIO		21,300		187,930
Raia Drogasil		1,768		9,517
TIM		31,500		114,820
Ultrapar Participacoes		5,700		33,642
Vibra Energia		13,400		69,142

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
BRAZIL — continued
Wheaton Precious Metals		1,224	$	50,443
				1,570,316

CANADA — 0.8%
Canadian Natural Resources		10,494		731,019
Canadian Pacific Kansas City		3,723		316,104
Cenovus Energy		25,153		438,322
CGI, Cl A *		253		29,048
Constellation Software		22		61,249
Dollarama		718		55,540
Empire		508		12,873
George Weston		512		67,062
Hydro One		1,426		42,502
Imperial Oil		6,944		434,502
Intact Financial		1,593		264,899
National Bank of Canada		4,302		335,785
RB Global		1,078		81,330
Restaurant Brands International		442		34,320
Royal Bank of Canada		1,750		169,952
Sun Life Financial		2,183		115,942
Teck Resources, Cl B		2,215		85,114
WSP Global		1,366		216,825
				3,492,388

CHILE — 0.0%
Antofagasta		5,161		118,576

CHINA — 1.2%
AAC Technologies Holdings		22,000		54,695
Agricultural Bank of China, Cl A		44,800		26,071
Agricultural Bank of China, Cl H		831,000		340,914
Airtac International Group		1,046		40,076
Akeso *		7,000		41,975
Anhui Conch Cement, Cl A		3,288		10,934
Bank of Beijing, Cl A		26,800		19,300
Bank of China, Cl A		31,200		19,368
Bank of Communications, Cl A		23,300		20,285
Bank of Ningbo, Cl A		4,440		13,711
Bank of Shanghai, Cl A		12,297		11,161
Baoshan Iron & Steel, Cl A		43,800		40,547

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
CHINA — continued
Beijing Enterprises Holdings		10,000	$	37,618
BOE Technology Group, Cl A		72,900		40,402
BYD, Cl A		900		23,815
BYD, Cl H		1,000		24,630
BYD Electronic International		58,500		220,888
China CITIC Bank, Cl H		280,000		148,873
China Coal Energy, Cl H		84,000		90,461
China Communications Services, Cl H		22,000		9,345
China Construction Bank, Cl H		212,000		131,473
China Everbright Bank, Cl A		30,400		13,595
China Galaxy Securities, Cl H		70,500		37,043
China Hongqiao Group		48,500		37,533
China Merchants Bank, Cl A		5,100		22,626
China Merchants Securities, Cl A		5,500		10,781
China Merchants Shekou Industrial Zone Holdings, Cl A		15,700		20,523
China Minsheng Banking, Cl A		24,100		13,527
China Pacific Insurance Group, Cl A		3,700		13,126
China Petroleum & Chemical, Cl A		73,900		64,066
China Petroleum & Chemical, Cl H		204,000		112,395
China Resources Power Holdings		12,000		25,832
China Shenhua Energy, Cl H		100,500		386,693
China State Construction International Holdings		18,000		20,058
China Tourism Group Duty Free, Cl A		1,400		16,890
China Vanke, Cl A		6,100		8,491
COSCO SHIPPING Holdings, Cl H		96,250		103,617
Foshan Haitian Flavouring & Food, Cl A		3,089		17,391
Great Wall Motor, Cl H		60,500		68,284
Guotai Junan Securities, Cl A		7,677		16,089
Haier Smart Home, Cl A		7,541		25,164
Haitong Securities, Cl A		11,400		14,468
Huatai Securities, Cl A		8,200		16,543
Huaxia Bank, Cl A		20,800		18,322
Industrial & Commercial Bank of China, Cl A		16,300		12,068
Industrial Bank, Cl A		5,400		12,480
Inner Mongolia Yili Industrial Group, Cl A		4,100		16,126
Jiangsu Hengrui Pharmaceuticals, Cl A		4,320		25,542
Jiangsu Yanghe Brewery Joint-Stock, Cl A		900		12,581
Kunlun Energy		18,000		15,345
Kweichow Moutai, Cl A		400		94,007
Lenovo Group		102,000		112,682
Li Auto, Cl A *		7,600		173,447

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
CHINA — continued
Li Ning		35,000	$	86,594
Luxshare Precision Industry, Cl A		9,015		34,560
Luzhou Laojiao, Cl A		1,700		41,298
Midea Group, Cl A		2,100		18,241
NARI Technology, Cl A		10,483		33,750
NetEase		1,700		36,928
New China Life Insurance, Cl A		2,100		9,553
New Oriental Education & Technology Group *		18,000		169,169
NXP Semiconductors		1,605		400,817
PetroChina, Cl A		27,100		33,234
PetroChina, Cl H		748,000		586,666
PICC Property & Casualty, Cl H		168,000		229,676
Ping An Bank, Cl A		7,000		10,282
Ping An Insurance Group of China, Cl A		3,200		19,015
Poly Developments and Holdings Group, Cl A		9,900		13,405
SAIC Motor, Cl A		6,000		12,460
Sany Heavy Industry, Cl A		12,400		23,968
Shanghai Pudong Development Bank, Cl A		10,000		9,926
Shenwan Hongyuan Group, Cl A		19,800		12,594
Sinopharm Group, Cl H		12,400		34,701
Sinotruk Hong Kong		66,000		174,603
Tongcheng Travel Holdings *		8,400		21,117
Weichai Power, Cl H		58,000		114,165
Wuliangye Yibin, Cl A		800		15,768
Xiaomi, Cl B *		4,800		8,066
Yankuang Energy Group, Cl H		81,000		186,790
Yonghui Superstores, Cl A *		19,700		7,223
Zhejiang Expressway, Cl H		84,000		64,060
				5,332,506

DENMARK — 0.4%
Danske Bank		7,177		211,148
DSV Panalpina		413		66,266
Novo Nordisk, Cl B		7,612		908,612
Pandora		2,919		472,062
ROCKWOOL International, Cl B		119		38,086
Vestas Wind Systems *		1,900		52,949
				1,749,123

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
FINLAND — 0.0%
Wartsila Abp		1,330	$	20,590

FRANCE — 0.4%
Air Liquide		812		165,041
Cie Generale des Etablissements Michelin SCA		12,006		444,300
Dassault Systemes		1,220		57,171
EssilorLuxottica		589		125,065
Hermes International SCA		98		245,230
L'Oreal		155		74,039
LVMH Moet Hennessy Louis Vuitton		89		81,233
Safran		787		165,027
SEB		1,574		186,532
TotalEnergies		4,339		276,564
				1,820,202

GERMANY — 0.6%
Bechtle		548		28,274
Brenntag		1,520		138,783
Commerzbank		10,794		124,951
Deutsche Boerse		247		51,709
Deutsche Telekom		9,643		229,205
GEA Group		875		35,294
Hannover Rueck		1,226		314,724
Heidelberg Materials		176		17,089
Mercedes-Benz Group		5,263		419,382
Muenchener Rueckversicherungs-Gesellschaft in Muenchen		1,286		598,728
RWE		433		14,504
Siemens		2,716		537,684
Siemens Energy *		582		8,937
				2,519,264

HONG KONG — 0.0%
Techtronic Industries		2,500		26,971

INDONESIA — 0.2%
Adaro Energy Indonesia		1,134,000		174,773
Bank Mandiri Persero		930,600		415,675
Bank Negara Indonesia Persero		181,400		69,328

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
INDONESIA — continued
Sumber Alfaria Trijaya		703,300	$	123,075
				782,851

ITALY — 0.4%
Ferrari		239		101,520
Intesa Sanpaolo		227,211		723,533
Leonardo		11,312		241,853
Prysmian		4,171		208,157
UniCredit		18,029		603,875
				1,878,938

JAPAN — 2.7%
Advantest		10,000		470,759
Ajinomoto		7,700		283,216
Chiba Bank		52,300		425,933
Chugai Pharmaceutical		2,100		83,877
Daiichi Sankyo		4,500		148,203
Denso		5,200		95,656
Disco		600		195,532
Fuji Electric		500		30,449
FUJIFILM Holdings		2,600		165,612
Fujitsu		1,400		218,782
Hitachi		1,400		118,609
Hoya		2,900		378,557
Idemitsu Kosan		1,700		10,750
Inpex		1,600		21,326
Isuzu Motors		2,200		31,392
ITOCHU		9,400		408,345
Japan Post Bank		35,700		380,659
Japan Post Holdings		13,200		127,396
Japan Tobacco		22,500		584,471
JFE Holdings		5,700		93,482
Kansai Electric Power		1,200		15,347
Kawasaki Kisen Kaisha		1,400		66,824
KDDI		1,000		30,232
Marubeni		15,600		258,523
Mazda Motor		27,900		323,989
Mitsubishi		9,000		193,046
Mitsubishi HC Capital		82,700		571,442
Mitsubishi UFJ Financial Group		15,200		156,147
Mitsui		10,200		448,010

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
JAPAN — continued
Mitsui OSK Lines		5,000	$	171,230
Mizuho Financial Group		54,800		1,023,779
Nintendo		2,200		122,937
Nippon Sanso Holdings		1,800		52,206
Nippon Steel		14,000		347,419
Nippon Telegraph & Telephone		150,000		182,425
Nippon Yusen		21,000		668,776
Nissin Foods Holdings		5,400		157,401
Nitto Denko		600		55,166
Nomura Real Estate Holdings		2,400		59,743
Nomura Research Institute		2,400		67,440
Obayashi		8,900		86,165
Obic		100		15,660
Oriental Land		1,000		35,840
ORIX		7,500		157,579
Panasonic Holdings		8,000		75,629
Renesas Electronics		6,900		114,009
Resona Holdings		32,300		176,281
Sekisui House		1,200		26,731
Shin-Etsu Chemical		9,000		384,069
Sompo Holdings		1,000		58,626
Sony		3,700		318,748
Subaru		1,800		40,727
Sumitomo		5,600		131,465
Sumitomo Electric Industries		13,400		198,972
Sumitomo Mitsui Financial Group		2,900		161,572
Sumitomo Mitsui Trust Holdings		10,300		208,711
Takeda Pharmaceutical		1,200		35,096
TDK		1,800		93,846
Tokio Marine Holdings		1,400		40,903
Tokyo Electric Power Holdings *		25,900		140,114
Tokyo Electron		2,700		669,894
Tokyo Gas		3,700		80,986
				12,496,711

MALAYSIA — 0.0%
Telekom Malaysia		43,200		55,104

MEXICO — 0.5%
America Movil ADR		3,463		64,793
Arca Continental		27,900		300,767

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
MEXICO — continued
Cemex ADR *		4,061	$	31,026
Coca-Cola Femsa ADR		4,480		434,784
Fibra Uno Administracion ^‡		43,500		78,403
Grupo Bimbo, Ser A		50,900		212,956
Grupo Carso		17,100		148,113
Grupo Financiero Banorte, Cl O		6,600		68,268
Grupo Financiero Inbursa, Cl O		67,800		206,015
Grupo Mexico		14,300		69,729
Promotora y Operadora de Infraestructura		10,290		107,426
Southern Copper		3,615		292,309
Wal-Mart de Mexico		43,700		174,551
				2,189,140

NETHERLANDS — 0.3%
ASML Holding		1,245		1,181,508
BE Semiconductor Industries		977		176,952
Wolters Kluwer		1,037		163,763
				1,522,223

PHILIPPINES — 0.0%
Metropolitan Bank & Trust		24,600		27,132

POLAND — 0.1%
Bank Polska Kasa Opieki		4,547		197,219
Budimex		513		93,772
Dino Polska *		183		21,294
LPP		14		62,976
mBank *		494		86,079
ORLEN		377		5,856
PGE Polska Grupa Energetyczna *		44,680		89,291
Powszechna Kasa Oszczednosci Bank Polski		7,038		98,077
Powszechny Zaklad Ubezpieczen		790		9,721
				664,285

PORTUGAL — 0.0%
Jeronimo Martins SGPS		551		13,194

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
RUSSIA — 0.0%
Evraz *⁽¹⁾		16,851	$	—

SINGAPORE — 0.0%
STMicroelectronics		553		25,110

SOUTH AFRICA — 0.1%
Aspen Pharmacare Holdings		1,196		12,218
FirstRand		5,526		18,695
Harmony Gold Mining ADR		13,821		78,918
Kumba Iron Ore		2,999		83,958
Shoprite Holdings		2,772		37,346
Sibanye Stillwater		53,377		55,015
				286,150

SOUTH KOREA — 0.7%
DB Insurance *		1,142		84,742
Hana Financial Group		4,656		198,103
Hankook Tire & Technology		3,250		132,406
Hanmi Semiconductor *		2,089		133,654
Hanwha Aerospace		457		64,398
HD Hyundai		623		33,118
Hyundai Mobis		204		37,209
Kakao		370		14,851
KB Financial Group		2,990		142,606
Kia *		3,952		370,097
Korea Zinc		112		37,656
Kumho Petrochemical *		346		38,426
LG Electronics		297		21,232
LG Innotek		574		87,229
Meritz Financial Group		1,869		116,652
Orion		313		21,831
POSCO Holdings		614		199,546
Posco International *		2,483		105,320
Samsung Electronics		19,327		1,066,714
Samsung Engineering *		748		13,834
Samsung Fire & Marine Insurance *		97		21,708
Samsung Securities		930		29,065
SK Telecom		1,281		50,707
				3,021,104

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
SPAIN — 0.3%
Banco Bilbao Vizcaya Argentaria		17,512	$	174,670
Banco Santander		70,225		292,662
CaixaBank		86,144		389,690
Iberdrola		18,507		212,556
Repsol		12,355		196,260
				1,265,838

SWEDEN — 0.3%
Alfa Laval		4,339		163,371
Atlas Copco, Cl A		25,804		448,271
Epiroc, Cl A		1,316		23,888
Investor, Cl B		10,944		275,343
Skandinaviska Enskilda Banken, Cl A		15,002		223,120
SKF, Cl B		7,831		171,045
				1,305,038

SWITZERLAND — 0.4%
Avolta *		317		12,398
Chocoladefabriken Lindt & Spruengli		5		61,188
Kuehne + Nagel International		809		272,379
Novartis		5,433		548,176
Partners Group Holding		76		109,278
Sika		290		83,873
Sonova Holding		131		40,407
Straumann Holding		350		55,321
Swiss Life Holding		60		43,614
UBS Group		1,015		28,980
VAT Group		336		168,655
Zurich Insurance Group		839		446,374
				1,870,643

TAIWAN — 1.2%
Accton Technology		11,000		181,021
Acer		51,000		72,939
Advantech		5,058		62,430
ASE Technology Holding		55,000		242,805
Asia Cement		40,000		51,202
Asustek Computer		4,000		57,635
Catcher Technology		22,000		137,073
Chailease Holding		20,898		115,541

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
TAIWAN — continued
Compal Electronics		55,000	$	63,512
Delta Electronics		9,000		83,868
E.Sun Financial Holding		216,064		172,735
Eclat Textile		1,000		17,092
Evergreen Marine Taiwan		16,800		88,010
Fubon Financial Holding		18,972		40,846
Gigabyte Technology		7,000		76,564
Global Unichip		1,000		50,400
Hon Hai Precision Industry		59,000		192,368
Hua Nan Financial Holdings		18,713		13,032
Inventec		39,000		67,932
Lite-On Technology		14,000		48,575
MediaTek		6,000		216,518
Mega Financial Holding		28,930		35,443
Micro-Star International		19,000		114,980
Novatek Microelectronics		19,000		361,634
Quanta Computer		14,000		102,877
Realtek Semiconductor		15,000		270,346
SinoPac Financial Holdings		26,327		16,753
Synnex Technology International		32,000		78,833
Taishin Financial Holding		148,552		81,800
Taiwan Cooperative Financial Holding		141,606		116,349
Taiwan Semiconductor Manufacturing ADR		12,673		1,630,635
Unimicron Technology		2,000		11,364
United Microelectronics		202,000		311,449
Wistron		27,000		98,868
Wiwynn		2,000		147,656
Yang Ming Marine Transport		17,000		26,821
Yuanta Financial Holding		162,002		140,783
Zhen Ding Technology Holding		26,000		82,744
				5,681,433

THAILAND — 0.0%
Bumrungrad Hospital NVDR		20,900		130,403
Delta Electronics Thailand NVDR		4,500		8,958
Krung Thai Bank NVDR		116,200		52,151
PTT Exploration & Production NVDR		2,800		11,758
				203,270

TURKEY — 0.3%
Akbank		75,504		100,345

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
TURKEY — continued
BIM Birlesik Magazalar		10,804	$	134,089
Ford Otomotiv Sanayi		2,480		80,680
Haci Omer Sabanci Holding		131,072		333,292
KOC Holding		53,467		287,748
Turk Hava Yollari AO *		6,054		54,571
Turkcell Iletisim Hizmetleri		29,483		63,158
Turkiye Is Bankasi, Cl C		386,393		137,024
Turkiye Petrol Rafinerileri		13,652		70,702
Yapi ve Kredi Bankasi		223,345		164,825
				1,426,434

UNITED KINGDOM — 0.5%
Ashtead Group		4,475		321,866
AstraZeneca		1,371		172,821
BAE Systems		12,198		191,469
Berkeley Group Holdings		6,339		372,438
BP		87,195		506,612
HSBC Holdings		28,902		224,968
JD Sports Fashion		39,370		58,830
Legal & General Group		52,042		159,564
Melrose Industries		26,222		210,589
Next		390		41,004
Rolls-Royce Holdings *		23,217		108,362
SSE		784		16,113
				2,384,636

UNITED STATES — 39.2%
COMMUNICATION SERVICES — 3.1%
Alphabet, Cl A *		17,280		2,392,589
Alphabet, Cl C *		9,059		1,266,267
AT&T		20,459		346,371
Atlanta Braves Holdings, Cl C *		45		1,752
Charter Communications, Cl A *		567		166,658
Comcast, Cl A		14,600		625,610
Electronic Arts		1,103		153,846
Fox, Cl A		1,383		41,200
Fox, Cl B		2,469		67,601
Interpublic Group		1,698		53,317
Liberty Media -Liberty Formula One, Cl A *		600		39,330
Liberty Media -Liberty Formula One, Cl C *		946		68,831
Live Nation Entertainment *		922		89,416

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
COMMUNICATION SERVICES — continued
Meta Platforms, Cl A		12,003	$	5,883,030
Netflix *		1,457		878,454
News, Cl B		1,712		47,919
Omnicom Group		1,356		119,857
Paramount Global, Cl A		193		4,068
Pinterest, Cl A *		1,730		63,491
ROBLOX, Cl A *		808		32,239
Roku, Cl A *		284		17,943
Sirius XM Holdings		6,100		26,962
Snap, Cl A *		3,407		37,545
Spotify Technology *		162		41,538
Take-Two Interactive Software *		447		65,678
TKO Group Holdings, Cl A		262		21,937
T-Mobile US		1,879		306,841
Trade Desk, Cl A *		830		70,907
Verizon Communications		17,885		715,758
Walt Disney		3,382		377,364
Warner Bros Discovery *		10,089		88,682
Warner Music Group, Cl A		700		24,451
				14,137,452

CONSUMER DISCRETIONARY — 4.1%
Airbnb, Cl A *		496		78,105
Amazon.com *		19,463		3,440,280
Aptiv *		1,032		82,034
AutoNation *		4,486		672,003
AutoZone *		127		381,765
Best Buy		1,744		141,055
Booking Holdings *		55		190,786
Burlington Stores *		127		26,048
Caesars Entertainment *		615		26,734
CarMax *		1,199		94,721
Carnival *		5,567		88,293
Chipotle Mexican Grill, Cl A *		112		301,142
Choice Hotels International		455		50,933
Darden Restaurants		979		167,125
Deckers Outdoor *		79		70,752
Dick's Sporting Goods		2,972		528,689
Domino's Pizza		262		117,468
DoorDash, Cl A *		1,118		139,269

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
CONSUMER DISCRETIONARY — continued
DR Horton		4,399	$	657,387
eBay		3,294		155,740
Expedia Group *		550		75,251
Ford Motor		12,647		157,329
Gap		5,512		104,397
Garmin		663		91,063
General Motors		5,935		243,216
Gentex		1,373		50,156
Genuine Parts		797		118,960
Hilton Worldwide Holdings		744		152,014
Home Depot		2,467		938,965
Las Vegas Sands		1,152		62,807
Lennar, Cl A		1,017		161,205
Lennar, Cl B		77		11,347
LKQ		2,059		107,665
Lowe's		1,581		380,499
Lululemon Athletica *		912		425,986
Marriott International, Cl A		824		205,893
McDonald's		1,154		337,291
MGM Resorts International *		1,594		68,988
NIKE, Cl B		2,054		213,472
NVR *		33		251,644
Ollie's Bargain Outlet Holdings *		500		40,085
O'Reilly Automotive *		376		408,870
Penske Automotive Group		3,074		471,859
Phinia		145		4,962
Polaris		766		71,016
Pool		769		306,154
PulteGroup		8,275		896,845
Ralph Lauren, Cl A		503		93,518
Rivian Automotive, Cl A *		3,828		43,333
Ross Stores		1,244		185,306
Royal Caribbean Cruises *		4,545		560,626
Starbucks		1,808		171,579
Stellantis		13,961		365,215
Tesla *		3,211		648,237
Thor Industries		684		87,675
TJX		3,889		385,555
Toll Brothers		7,686		881,123
TopBuild *		889		357,716
Tractor Supply		1,436		365,204

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
CONSUMER DISCRETIONARY — continued
Ulta Beauty *		245	$	134,397
Williams-Sonoma		2,632		619,915
Wingstop		242		84,954
Yum! Brands		1,015		140,496
				18,893,117

CONSUMER STAPLES — 2.2%
Albertsons, Cl A		3,994		80,998
Altria Group		3,770		154,231
Archer-Daniels-Midland		1,716		91,137
Brown-Forman, Cl A		439		26,314
Brown-Forman, Cl B		866		52,159
Bunge Global		830		78,327
Campbell Soup		2,762		117,772
Casey's General Stores		473		144,024
Church & Dwight		1,050		105,126
Clorox		278		42,620
Coca-Cola		7,652		459,273
Colgate-Palmolive		2,292		198,304
Conagra Brands		3,176		89,182
Constellation Brands, Cl A		601		149,361
Costco Wholesale		745		554,198
Dollar General		1,074		156,063
Dollar Tree *		923		135,386
Estee Lauder, Cl A		451		67,010
General Mills		2,434		156,214
Hershey		837		157,289
Hormel Foods		2,432		85,898
J M Smucker		712		85,561
JBS		9,800		45,401
Kellanova		1,594		87,909
Kenvue		6,427		122,113
Keurig Dr Pepper		3,013		90,119
Kimberly-Clark		1,325		160,550
Kraft Heinz		2,761		97,408
Kroger		6,365		315,768
Lamb Weston Holdings		946		96,691
McCormick		1,355		92,994
Molson Coors Beverage, Cl B		1,511		94,317
Mondelez International, Cl A		2,561		187,132

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
CONSUMER STAPLES — continued
Monster Beverage *		1,746	$	103,189
PepsiCo		4,328		715,592
Philip Morris International		2,469		222,111
Procter & Gamble		5,424		862,091
Sysco		2,262		183,154
Target		6,587		1,007,284
Tyson Foods, Cl A		2,089		113,307
US Foods Holding *		859		43,629
Walgreens Boots Alliance		4,174		88,739
Walmart		33,243		1,948,372
WK Kellogg		599		8,762
				9,873,079

ENERGY — 2.1%
APA		1,175		35,003
Baker Hughes, Cl A		4,219		124,840
Cheniere Energy		1,146		177,859
Chesapeake Energy		702		58,112
Chevron		4,514		686,173
ConocoPhillips		4,317		485,835
Coterra Energy		6,460		166,539
Devon Energy		7,650		337,059
Diamondback Energy		3,158		576,398
EOG Resources		3,964		453,719
EQT		2,177		80,876
Exxon Mobil		13,065		1,365,554
Halliburton		4,879		171,107
Hess		1,353		197,200
HF Sinclair		601		33,355
Kinder Morgan		8,942		155,501
Marathon Oil		33,202		805,149
Marathon Petroleum		3,530		597,382
Occidental Petroleum		6,234		377,843
ONEOK		2,804		210,636
Ovintiv		1,213		59,934
Phillips 66		1,969		280,602
Pioneer Natural Resources		1,593		374,658
Schlumberger		5,309		256,584
Targa Resources		7,200		707,328
Tenaris		10,560		187,561

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
ENERGY — continued
Texas Pacific Land		23	$	36,235
Valero Energy		2,665		376,991
Williams		5,634		202,486
				9,578,519

FINANCIALS — 4.8%
Aflac		3,450		278,553
Allstate		2,417		385,560
American Express		1,429		313,551
American Financial Group		105		13,405
American International Group		7,003		510,449
Ameriprise Financial		1,966		800,870
Aon, Cl A		1,345		425,007
Apollo Global Management		786		87,875
Arch Capital Group *		4,421		387,235
Ares Management, Cl A		500		66,315
Arthur J Gallagher		528		128,795
Assurant		1,057		191,793
Assured Guaranty		510		46,716
Bank of America		11,454		395,392
Bank of New York Mellon		2,474		138,767
Bank OZK		2,910		127,458
Berkshire Hathaway, Cl B *		3,157		1,292,476
BlackRock, Cl A		261		211,760
Blackstone, Cl A		238		30,421
Block, Cl A *		1,113		88,450
Brown & Brown		1,634		137,599
Capital One Financial		1,225		168,572
Carlyle Group		1,244		57,037
Cboe Global Markets		418		80,256
Charles Schwab		2,422		161,741
Chubb		656		165,096
Cincinnati Financial		1,095		124,830
Citigroup		2,537		140,778
Citizens Financial Group		2,164		67,928
CME Group, Cl A		1,016		223,876
Coinbase Global, Cl A *		470		95,673
Corebridge Financial		2,089		51,870
Discover Financial Services		1,574		189,982
East West Bancorp		3,823		278,544

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
FINANCIALS — continued
Equitable Holdings		1,214	$	41,567
Erie Indemnity, Cl A		189		76,900
Everest Group		251		92,589
Eversource Energy		830		48,721
FactSet Research Systems		295		136,461
Fidelity National Financial		3,852		194,834
Fidelity National Information Services		2,179		150,765
Fifth Third Bancorp		3,609		123,933
First American Financial		1,333		77,861
First Citizens BancShares, Cl A		181		284,860
Fiserv *		965		144,046
FleetCor Technologies *		691		192,976
Franklin Resources		2,087		57,288
Global Payments		459		59,532
Globe Life		786		99,767
Goldman Sachs Group		879		341,975
Hartford Financial Services Group		3,402		326,048
Huntington Bancshares		7,704		100,460
Interactive Brokers Group, Cl A		618		67,189
Intercontinental Exchange		2,113		292,481
Jack Henry & Associates		343		59,603
Jefferies Financial Group		1,798		75,192
JPMorgan Chase		17,146		3,190,185
KeyCorp		3,591		51,244
KKR		2,096		205,953
Loews		807		60,630
LPL Financial Holdings		431		115,461
M&T Bank		1,213		169,505
Markel Group *		93		138,801
Marsh & McLennan		1,203		243,331
Mastercard, Cl A		1,581		750,596
MetLife		3,415		238,162
Moody's		553		209,819
Morgan Stanley		6,904		594,020
Morningstar		165		49,267
MSCI, Cl A		229		128,462
Nasdaq		4,851		272,626
Northern Trust		1,093		89,768
PayPal Holdings *		4,853		292,830
PNC Financial Services Group		1,285		189,152
Primerica		147		36,053

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
FINANCIALS — continued
Principal Financial Group		1,334	$	107,867
Progressive		2,923		554,084
Prudential Financial		1,615		176,019
Raymond James Financial		865		104,077
Regions Financial		6,591		122,790
S&P Global		487		208,621
State Street		992		73,140
Synchrony Financial		3,575		147,648
T Rowe Price Group		1,288		145,995
Tradeweb Markets, Cl A		588		62,222
Travelers		1,437		317,520
Truist Financial		4,534		158,599
US Bancorp		4,207		176,526
Visa, Cl A		3,593		1,015,526
Wells Fargo		5,840		324,646
Willis Towers Watson		543		148,027
WR Berkley		2,502		209,167
				21,988,017

HEALTH CARE — 4.4%
Abbott Laboratories		2,975		352,954
AbbVie		4,768		839,406
Agilent Technologies		1,063		146,014
Align Technology *		400		120,968
Alnylam Pharmaceuticals *		471		71,163
Amgen		1,106		302,856
Avantor *		3,193		78,676
Baxter International		2,872		117,522
Becton Dickinson		1,184		278,891
Biogen *		409		88,749
BioMarin Pharmaceutical *		869		74,977
Bio-Rad Laboratories, Cl A *		108		35,195
Bio-Techne		492		36,196
Boston Scientific *		1,639		108,518
Bristol-Myers Squibb		9,532		483,749
Cardinal Health		1,059		118,587
Cencora, Cl A		2,436		573,922
Centene *		2,173		170,428
Charles River Laboratories International *		231		58,718
Chemed		99		61,987

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
HEALTH CARE — continued
Cigna Group		1,265	$	425,217
Cooper		1,264		118,310
CVS Health		2,070		153,946
Danaher		2,890		731,575
DexCom *		572		65,820
Edwards Lifesciences *		1,770		150,220
Elevance Health		1,369		686,211
Eli Lilly		4,461		3,362,166
Exact Sciences *		581		33,425
Fortrea Holdings *		887		33,298
GE HealthCare Technologies		2,077		189,589
Gilead Sciences		2,875		207,287
HCA Healthcare		3,022		941,957
Hologic *		2,393		176,603
Humana		888		311,084
IDEXX Laboratories *		548		315,226
Illumina *		350		48,940
Incyte *		883		51,532
Insulet *		150		24,600
Intuitive Surgical *		307		118,379
IQVIA Holdings *		855		211,322
Johnson & Johnson		5,723		923,578
Laboratory Corp of America Holdings		684		147,628
McKesson		1,631		850,420
Medtronic		2,138		178,224
Merck		4,075		518,136
Mettler-Toledo International *		125		155,903
Moderna *		1,226		113,086
Molina Healthcare *		1,447		569,988
Neurocrine Biosciences *		250		32,600
Pfizer		15,718		417,470
Quest Diagnostics		1,882		235,043
Regeneron Pharmaceuticals *		499		482,079
ResMed		513		89,118
Revvity		501		54,905
Royalty Pharma, Cl A		1,078		32,707
STERIS		377		87,807
Stryker		644		224,801
Thermo Fisher Scientific		804		458,425
United Therapeutics *		1,086		245,045
UnitedHealth Group		1,492		736,451

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
HEALTH CARE — continued
Veeva Systems, Cl A *		496	$	111,853
Vertex Pharmaceuticals *		1,035		435,466
Viatris, Cl W		3,810		47,130
Waters *		248		83,680
West Pharmaceutical Services		206		73,822
Zimmer Biomet Holdings		951		118,266
Zoetis, Cl A		2,370		470,042
				20,369,856

INDUSTRIALS — 6.8%
3M		1,995		183,779
A O Smith		254		21,057
Acuity Brands		141		35,425
AECOM		1,348		119,743
Air Lease, Cl A		1,150		46,115
Allegion		314		40,151
Allison Transmission Holdings		2,427		182,826
AMETEK		1,350		243,243
Automatic Data Processing		776		194,877
Axon Enterprise *		388		119,260
AZEK, Cl A *		5,412		260,371
Boeing *		914		186,200
Booz Allen Hamilton Holding, Cl A		3,663		541,062
Broadridge Financial Solutions		1,442		293,562
Builders FirstSource *		4,773		931,594
Carlisle		851		297,850
Carrier Global		2,816		156,513
Caterpillar		2,032		678,607
Cintas		912		573,292
Copart *		8,172		434,342
Core & Main, Cl A *		793		37,850
CSX		9,672		366,956
Cummins		934		250,882
Deere		1,005		366,875
Delta Air Lines		10,892		460,405
Dover		2,700		446,526
Eaton		3,722		1,075,658
Emerson Electric		2,734		292,128
Equifax		514		140,625
Esab		5,293		524,642

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INDUSTRIALS — continued
Expeditors International of Washington		1,977	$	236,449
Experian		4,503		192,845
Fastenal		6,804		496,760
FedEx		1,334		332,126
Ferguson		683		144,420
Fortive		1,538		130,930
General Dynamics		746		203,844
General Electric		5,301		831,674
Graco		797		72,734
HEICO		516		99,794
HEICO, Cl A		280		43,565
Honeywell International		1,106		219,795
Howmet Aerospace		4,905		326,428
Hubbell, Cl B		1,447		550,829
IDEX		1,052		248,167
Illinois Tool Works		977		256,121
Ingersoll Rand		6,635		605,975
ITT		1,371		172,938
Jacobs Solutions		2,452		359,586
JB Hunt Transport Services		1,400		288,834
Johnson Controls International		2,338		138,573
L3Harris Technologies		542		114,720
Landstar System		1,364		259,433
Leidos Holdings		1,197		153,048
Lennox International		798		376,026
Lincoln Electric Holdings		259		66,459
Lockheed Martin		707		302,766
Masco		908		69,698
NEXTracker, Cl A *		280		15,752
Nordson		654		173,735
Norfolk Southern		1,009		255,660
Northrop Grumman		393		181,181
nVent Electric		2,244		151,066
Old Dominion Freight Line		1,818		804,429
Otis Worldwide		1,188		113,216
Owens Corning		1,821		272,749
PACCAR		5,601		621,095
Parker-Hannifin		1,561		835,837
Paychex		1,455		178,412
Paycom Software		173		31,553
Paylocity Holding *		162		27,315

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INDUSTRIALS — continued
Pentair		704	$	54,764
Quanta Services		3,315		800,606
Regal Beloit		654		112,154
Republic Services, Cl A		927		170,197
Rockwell Automation		385		109,756
Rollins		2,592		114,229
RTX		2,312		207,317
Ryder System		349		39,821
Saia *		479		275,617
Schneider Electric		3,162		718,699
Snap-on		913		251,678
Southwest Airlines		2,253		77,210
SS&C Technologies Holdings		1,137		72,495
Stanley Black & Decker		966		86,254
Textron		857		76,333
Timken		1,565		131,444
Toro		245		22,616
Trane Technologies		3,875		1,092,634
TransDigm Group		164		193,149
TransUnion		731		56,748
Uber Technologies *		4,875		387,563
U-Haul Holding *		93		5,987
U-Haul Holding, Cl B		878		55,814
Union Pacific		2,554		647,924
United Airlines Holdings *		2,529		115,044
United Parcel Service, Cl B		2,731		404,898
United Rentals		2,105		1,459,333
Veralto		369		31,889
Verisk Analytics, Cl A		984		238,030
Vertiv Holdings, Cl A		8,926		603,576
Waste Management		1,802		370,581
Watsco		501		197,454
Westinghouse Air Brake Technologies		1,548		218,717
WW Grainger		718		698,944
XPO *		3,934		473,339
Xylem		849		107,865
				31,139,632

INFORMATION TECHNOLOGY — 9.8%
Accenture, Cl A		3,511		1,315,853

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — continued
Adobe *		741	$	415,167
Advanced Micro Devices *		1,807		347,902
Akamai Technologies *		1,533		170,040
Amdocs		1,283		117,010
Amphenol, Cl A		1,339		146,272
Analog Devices		798		153,072
ANSYS *		174		58,146
Apple		37,645		6,804,334
Applied Materials		1,395		281,260
AppLovin, Cl A *		3,603		215,171
Arista Networks *		1,751		485,973
Arrow Electronics *		337		39,598
Aspen Technology *		97		18,807
Atlassian, Cl A *		212		43,973
Autodesk *		718		185,366
Bentley Systems, Cl B		1,002		51,473
Broadcom		2,109		2,742,734
Cadence Design Systems *		1,859		565,842
CDW		2,357		580,317
Cisco Systems		9,376		453,517
Cloudflare, Cl A *		528		52,029
Cognizant Technology Solutions, Cl A		2,244		177,321
Corning		4,142		133,538
Crowdstrike Holdings, Cl A *		236		76,499
Datadog, Cl A *		325		42,724
Dell Technologies, Cl C		1,214		114,917
DocuSign, Cl A *		653		34,785
Dynatrace *		932		46,181
Enphase Energy *		452		57,409
Entegris		400		53,744
EPAM Systems *		688		209,427
Fair Isaac *		436		553,681
First Solar *		557		85,717
Flex *		1,608		45,265
Fortinet *		5,026		347,347
Gartner *		556		258,851
Gen Digital		3,804		81,748
GLOBALFOUNDRIES *		690		37,722
GoDaddy, Cl A *		694		79,220
Hewlett Packard Enterprise		7,177		109,306
HP		4,159		117,824

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — continued
HubSpot *		274	$	169,554
Intel		6,743		290,286
International Business Machines		3,130		579,144
Intuit		196		129,926
Jabil		3,248		468,004
Juniper Networks		1,278		47,324
Keysight Technologies *		2,743		423,245
KLA		1,478		1,008,439
Kyndryl Holdings *		6,559		144,101
Lam Research		853		800,327
Manhattan Associates *		440		111,465
Marvell Technology		3,339		239,273
Microchip Technology		3,405		286,497
Micron Technology		1,766		160,017
Microsoft		19,960		8,256,254
MongoDB, Cl A *		27		12,085
Monolithic Power Systems		140		100,806
Motorola Solutions		1,182		390,521
NetApp		1,110		98,923
Nutanix, Cl A *		2,571		162,384
NVIDIA		10,037		7,940,471
Okta, Cl A *		678		72,749
ON Semiconductor *		1,706		134,638
Oracle		3,114		347,772
Palantir Technologies, Cl A *		5,170		129,664
Palo Alto Networks *		605		187,883
Pegasystems		493		32,065
PTC *		527		96,446
QUALCOMM		3,005		474,159
Roper Technologies		344		187,387
Salesforce *		1,182		365,025
Seagate Technology Holdings		1,276		118,732
ServiceNow *		117		90,247
Skyworks Solutions		1,111		116,566
Snowflake, Cl A *		440		82,843
Splunk *		600		93,732
Super Micro Computer *		143		123,855
Synopsys *		991		568,566
TD SYNNEX		434		45,093
TE Connectivity		1,162		166,817
Teledyne Technologies *		930		397,361

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — continued
Teradyne		2,561	$	265,294
Texas Instruments		1,524		255,011
Trimble *		1,952		119,443
Twilio, Cl A *		740		44,097
Tyler Technologies *		104		45,463
UiPath, Cl A *		1,839		43,676
Unity Software *		1,084		31,783
VeriSign *		563		109,948
Vontier		628		27,004
Western Digital *		1,814		107,879
Workday, Cl A *		241		71,013
Zebra Technologies, Cl A *		354		98,936
Zoom Video Communications, Cl A *		1,395		98,668
Zscaler *		219		52,991
				44,928,934

MATERIALS — 1.2%
Air Products & Chemicals		611		142,998
Albemarle		598		82,434
Amcor		15,203		137,739
Avery Dennison		783		169,543
Ball		1,853		118,629
Celanese, Cl A		736		111,850
CF Industries Holdings		1,501		121,161
Corteva		2,267		121,330
Crown Holdings		438		33,560
Dow		2,256		126,065
DuPont de Nemours		1,894		131,046
Eagle Materials		274		69,473
Eastman Chemical		425		37,289
Ecolab		728		163,684
Element Solutions		2,957		69,490
Freeport-McMoRan		9,542		360,783
Graphic Packaging Holding		1,659		43,051
International Flavors & Fragrances		1,296		97,848
International Paper		1,935		68,422
Linde		799		358,607
LyondellBasell Industries, Cl A		1,878		188,326
Martin Marietta Materials		377		217,797
Mosaic		2,103		65,529

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
MATERIALS — continued
Newmont		1,835	$	57,344
Nucor		3,519		676,704
Packaging Corp of America		1,155		209,274
PPG Industries		791		112,006
Reliance		1,913		614,494
RPM International		1,535		177,062
Sherwin-Williams		613		203,534
Steel Dynamics		3,905		522,567
Vulcan Materials		325		86,401
Westlake		200		27,742
				5,723,782

REAL ESTATE — 0.1%
CBRE Group, Cl A *		3,103		285,135
CoStar Group *		819		71,278
Zillow Group, Cl C *		796		44,695
				401,108

UTILITIES — 0.6%
AES		2,704		41,101
Alliant Energy		1,020		48,705
Ameren		950		67,630
American Electric Power		1,708		145,505
American Water Works		463		54,884
Atmos Energy		1,028		116,071
Avangrid		928		28,889
CenterPoint Energy		2,026		55,715
CMS Energy		1,972		113,134
Consolidated Edison		1,001		87,297
Constellation Energy		966		162,723
Dominion Energy		2,310		110,487
DTE Energy		954		103,366
Duke Energy		1,937		177,875
Edison International		1,113		75,706
Entergy		1,042		105,836
Essential Utilities		800		27,824
Evergy		1,889		93,581
Exelon		2,885		103,398
FirstEnergy		2,829		103,570
NextEra Energy		2,637		145,536

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
UTILITIES — continued
NiSource		1,604	$	41,800
PG&E		6,191		103,328
PPL		4,512		118,981
Public Service Enterprise Group		1,448		90,355
Sempra		1,826		128,916
Southern		3,186		214,259
Vistra		3,221		175,673
WEC Energy Group		243		19,073
Xcel Energy		931		49,054
				2,910,272

				179,943,768
Total Common Stock
(Cost $140,583,738)				234,477,469
REGISTERED INVESTMENT COMPANIES — 47.4%

EQUITY FUNDS — 47.4%
AQR International Defensive Style Fund, Cl R6 *		360,553		5,011,688
AQR Large Cap Defensive Style Fund, Cl R6 *		317,459		7,374,569
Avantis Emerging Markets Equity ETF		184,718		10,490,135
Avantis International Equity ETF		58,174		3,560,830
Avantis International Small Cap Value ETF		67,034		4,176,888
Avantis U.S. Small Capital Value ETF		78,433		6,986,027
DFA Emerging Markets Portfolio, Cl I *		335,916		9,281,352
DFA Emerging Markets Small Cap Portfolio, Cl I *		375,996		8,557,669
DFA Emerging Markets Targeted Value Portfolio, Cl I *		142,277		1,566,466
DFA International High Relative Profitability Portfolio, Cl I *		733,421		9,585,817
DFA International Real Estate Securities, Cl I *		1,399,509		4,870,292
DFA International Small Cap Growth Portfolio, Cl I *		113,213		1,702,730
DFA International Small Cap Value Portfolio, Cl I *		435,335		9,233,466
DFA International Value Portfolio, Cl I *		454,956		9,226,504
DFA Large Cap International Portfolio, Cl I *		643,360		17,293,530
DFA Real Estate Securities Portfolio, Cl I *		345,979		13,171,434
DFA US Small Cap Portfolio, Cl I *		221,192		9,922,685

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

REGISTERED INVESTMENT COMPANIES — continued
	Shares		Value
EQUITY FUNDS — continued
DFA US Targeted Value Portfolio, Cl I *		564,748	$	17,896,852
Dimensional Emerging Markets High Profitability		207,352		5,011,698
Dimensional US Targeted Value ETF		80,160		4,150,685
iShares MSCI Global Min Vol Factor ETF		230,030		23,702,291
iShares MSCI USA Momentum Factor ETF		63,098		11,497,087
Schwab International Small-Cap Equity ETF		49,142		1,687,045
Vanguard Small Cap Value ETF		24,094		4,399,323
Vanguard US Momentum Factor ETF		38,470		5,635,855
Vanguard US Quality Factor ETF		28,129		3,744,532
Vanguard US Value Factor ETF		68,077		7,663,401
Total Registered Investment Companies
(Cost $169,816,400)				217,400,851
PREFERRED STOCK — 0.1%

BRAZIL — 0.1%
Cia Energetica de Minas Gerais⁽²⁾		7,279		17,468
Petroleo Brasileiro⁽²⁾		48,500		390,841

Total Preferred Stock
(Cost $255,278)				408,309
RIGHTS — 0.0%
		Number of Rights
Abiomed⁽¹⁾		241		3,762

Total Rights
(Cost $–)				3,762
WARRANTS — 0.0%
		Number of Warrants
Constellation Software, Expires 08/22/28⁽¹⁾		22		—

Total Warrants
(Cost $–)				—

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

SHORT-TERM INVESTMENT — 1.3%
	Shares		Value
DWS Government Money Market Series, Institutional Shares, 5.410% (A)
(Cost $6,129,481)		6,129,481	$	6,129,481

Total Investments — 99.9%
(Cost $316,784,897)			$	458,419,872

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

A list of open futures contracts held by the Fund at February 29, 2024, is as follows:

Type of Contract	Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation/ (Depreciation)
Long Contracts
IFSC Nifty50 Index		93		Mar-2024	$	4,141,204	$	4,127,712	$	(13,492	)
S&P 500 Index E-MINI		1		Mar-2024		236,939		255,188		18,249
S&P TSX 60 Index		3		Mar-2024		544,512		570,578		26,499
					$	4,922,655	$	4,953,478	$	31,256

Percentages are based on Net Assets of $458,890,557.

*	Non-income producing security.
^‡	Real Estate Investment Trust
(1)	Level 3 security in accordance with fair value hierarchy.
(2)	No Interest Rate Available.
(A)	The rate reported is the 7-day effective yield as of February 29, 2024.

ADR — American Depositary Receipt

Cl — Class

ETF — Exchange-Traded Fund

MSCI — Morgan Stanley Capital International

NVDR — Non-Voting Depositary Receipt

S&P— Standard & Poor's

Ser — Series

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

The following is a summary of the level of inputs used as of February 29, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3#			Total
Common Stock
Australia		$–		$696,168		$–			$696,168
Austria		–		88,363		–			88,363
Brazil		1,570,316		–		–			1,570,316
Canada		3,492,388		–		–			3,492,388
Chile		–		118,576		–			118,576
China		400,817		4,931,689		–			5,332,506
Denmark		–		1,749,123		–			1,749,123
Finland		–		20,590		–			20,590
France		–		1,820,202		–			1,820,202
Germany		–		2,519,264		–			2,519,264
Hong Kong		–		26,971		–			26,971
Indonesia		–		782,851		–			782,851
Italy		101,520		1,777,418		–			1,878,938
Japan		–		12,496,711		–			12,496,711
Malaysia		–		55,104		–			55,104
Mexico		2,189,140		–		–			2,189,140
Netherlands		–		1,522,223		–			1,522,223
Philippines		–		27,132		–			27,132
Poland		–		664,285		–			664,285
Portugal		–		13,194		–			13,194
Russia		–		–		–	⁽¹⁾		–	⁽¹⁾
Singapore		–		25,110		–			25,110
South Africa		162,876		123,274		–			286,150
South Korea		–		3,021,104		–			3,021,104
Spain		–		1,265,838		–			1,265,838
Sweden		–		1,305,038		–			1,305,038
Switzerland		–		1,870,643		–			1,870,643
Taiwan		1,630,635		4,050,798		–			5,681,433
Thailand		–		203,270		–			203,270
Turkey		–		1,426,434		–			1,426,434
United Kingdom		–		2,384,636		–			2,384,636
United States		178,479,448		1,464,320		–			179,943,768
Total Common Stock		188,027,140		46,450,329		–	⁽¹⁾		234,477,469
Registered Investment Companies		217,400,851		–		–			217,400,851
Preferred Stock
Brazil		408,309		–		–			408,309
Rights		–		–		3,762			3,762
Warrants		–		–		–	⁽¹⁾		–	⁽¹⁾
Short-Term Investment		6,129,481		–		–			6,129,481
Total Investments in Securities	$	411,965,781	$	46,450,329	$	3,762		$	458,419,872

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)


Other Financial Instruments	Level 1			Level 2		Level 3		Total
Futures Contracts^
Unrealized Appreciation		$44,748			$–		$–		$44,748
Unrealized Depreciation		(13,492	)		–		–		(13,492	)
Total Other Financial Instruments	$	31,256		$	–	$	–	$	31,256

(1) Includes security valued at zero.

^ Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Amounts designated as “—” are $0.

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

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC TAX-MANAGED GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

SECTOR WEIGHTINGS^†

^†	Percentages are based on total investments.

SCHEDULE OF INVESTMENTS
REGISTERED INVESTMENT COMPANIES — 99.2%
	Shares		Value
EQUITY FUNDS — 99.2%
AQR Emerging Multi-Style II Fund, Cl R6		693,995	$	6,870,553
AQR International Defensive Style Fund, Cl R6		4,637		64,454
AQR International Multi-Style Fund, Cl R6		1,038,391		13,758,675
AQR Large Cap Defensive Style Fund, Cl R6		14,345		333,237
AQR Large Capital Multi-Style Fund, Cl R6		1,087,776		19,982,448
Avantis Emerging Markets Equity ETF		51,424		2,920,369
Avantis International Equity ETF		54,414		3,330,681
Avantis International Small Cap Value ETF		23,085		1,438,426
DFA Emerging Markets Portfolio, Cl I		125,208		3,459,496
DFA Emerging Markets Small Cap Portfolio, Cl I		90,126		2,051,274
DFA Emerging Markets Targeted Value Portfolio, Cl I		33,646		370,440
DFA International High Relative Profitability Portfolio, Cl I		234,080		3,059,423
DFA International Small Cap Growth Portfolio, Cl I		30,149		453,442
DFA International Small Cap Value Portfolio, Cl I		149,638		3,173,813
DFA Large Cap International Portfolio, Cl I		222,071		5,969,272
DFA Real Estate Securities Portfolio, Cl I		54,944		2,091,727
DFA US High Relative Profitability Portfolio, Cl I		412,431		9,098,219
Dimensional Emerging Markets High Profitability		72,094		1,742,512
Dimensional International Value ETF		91,494		3,183,076
Dimensional US Core Equity 2 ETF		145,685		4,482,727
Dimensional US Equity ETF		311,583		17,243,003
Dimensional US Marketwide Value ETF		218,573		8,465,332
Dimensional US Small Cap ETF		47,433		2,850,249
Dimensional US Targeted Value ETF		177,534		9,192,711
iShares MSCI Global Min Vol Factor ETF		73,672		7,591,163
iShares MSCI USA Momentum Factor ETF		8,304		1,513,072
Schwab International Small-Cap Equity ETF		11,998		411,891

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC TAX-MANAGED GLOBAL EQUITY FUND
FEBRUARY 29, 2024 (UNAUDITED)

REGISTERED INVESTMENT COMPANIES — continued
	Shares		Value
EQUITY FUNDS — continued
Vanguard Small Cap Value ETF		7,431	$	1,356,826
Vanguard US Momentum Factor ETF		2,889		423,239
Vanguard US Quality Factor ETF		8,804		1,171,989
Vanguard US Value Factor ETF		17,776		2,001,037
Total Registered Investment Companies
(Cost $104,254,443)				140,054,776
SHORT-TERM INVESTMENT — 0.8%

DWS Government Money Market Series, Institutional Shares, 5.410% (A)
(Cost $1,142,494)		1,142,494		1,142,494

Total Investments — 100.0%
(Cost $105,396,937)			$	141,197,270

Percentages are based on Net Assets of $141,153,739.

(A)

The rate reported is the 7-day effective yield as of February 29, 2024.

Cl — Class

ETF — Exchange-Traded Fund

Min — Minimum

MSCI — Morgan Stanley Capital International

Vol — Volatility

As of February 29, 2024, 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 accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

SECTOR WEIGHTINGS^†

^†	Percentages are based on total investments.

SCHEDULE OF INVESTMENTS
CORPORATE OBLIGATIONS — 46.3%
	Shares		Value
AUSTRALIA — 0.2%
Rio Tinto Finance USA
5.000%, 03/09/33	$	421,000	$	420,566

CANADA — 1.9%
Athabasca Oil
9.750%, 11/01/26		730,000		769,515
Canadian National Railway
5.850%, 11/01/33		166,000		176,324
3.850%, 08/05/32		285,000		262,108
Canadian Natural Resources
3.850%, 06/01/27		461,000		441,838
2.950%, 07/15/30		14,000		12,163
Fairfax Financial Holdings
6.000%, 12/07/33		312,000		313,443
4.850%, 04/17/28		25,000		24,442
4.625%, 04/29/30		75,000		70,750
goeasy
4.375%, 05/01/26		835,000		798,779
Kinross
6.250%, 07/15/33		333,000		339,878
National Bank of Canada
5.600%, 12/18/28		403,000		407,082
				3,616,322

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
GERMANY — 0.7%
Deutsche Bank NY
7.079%, SOFRRATE + 3.650%, 02/10/34(A)	$	564,000	$	562,159
Kreditanstalt fuer Wiederaufbau
1.250%, 01/31/25		820,000		791,634
Landwirtschaftliche Rentenbank
3.875%, 06/14/28		36,000		35,196
				1,388,989

JAPAN — 1.1%
Mitsubishi UFJ Financial Group
4.050%, 09/11/28		480,000		465,216
3.741%, 03/07/29		252,000		238,020
Mizuho Financial Group
2.651%, H15T1Y + 0.900%, 05/22/26(A)		594,000		573,395
2.260%, H15T1Y + 0.900%, 07/09/32(A)		205,000		165,688
Sumitomo Mitsui Financial Group
5.808%, 09/14/33		200,000		207,228
0.948%, 01/12/26		319,000		294,812
				1,944,359

LUXEMBOURG — 0.2%
ArcelorMittal
4.550%, 03/11/26		446,000		439,377

SPAIN — 0.2%
Telefonica Emisiones
4.103%, 03/08/27		494,000		478,466

SUPRANATIONAL — 2.2%
Asian Development Bank
0.625%, 04/29/25		1,000,000		950,777
European Investment Bank
3.625%, 07/15/30		2,000,000		1,917,778
International Bank for Reconstruction & Development
1.250%, 02/10/31		800,000		650,059
0.875%, 07/15/26		432,000		396,276

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
Nordic Investment Bank
4.375%, 03/14/28	$	359,000	$	357,784
				4,272,674

SWITZERLAND — 0.1%
UBS
1.250%, 06/01/26		213,000		195,291

UNITED KINGDOM — 2.0%
Barclays
5.304%, H15T1Y + 2.300%, 08/09/26(A)		204,000		202,697
BAT International Finance
1.668%, 03/25/26		251,000		232,545
GlaxoSmithKline Capital
3.625%, 05/15/25		95,000		93,348
3.375%, 06/01/29		11,000		10,338
Harbour Energy
5.500%, 10/15/26		812,000		791,416
HSBC Holdings
7.336%, SOFRRATE + 3.030%, 11/03/26(A)		200,000		205,925
4.755%, SOFRRATE + 2.110%, 06/09/28(A)		200,000		195,284
Lloyds Banking Group
4.450%, 05/08/25		395,000		389,937
1.627%, H15T1Y + 0.850%, 05/11/27(A)		204,000		187,105
National Grid
5.809%, 06/12/33		55,000		55,573
5.602%, 06/12/28		356,000		360,430
NatWest Group
7.472%, H15T1Y + 2.850%, 11/10/26(A)		506,000		519,869
5.847%, H15T1Y + 1.350%, 03/02/27(A)		201,000		201,826
RELX Capital
3.000%, 05/22/30		464,000		414,348
				3,860,641

UNITED STATES — 37.7%
COMMUNICATION SERVICES — 2.7%
AT&T
4.350%, 03/01/29		281,000		271,174

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
COMMUNICATION SERVICES — continued
4.250%, 03/01/27	$	175,000	$	170,607
2.550%, 12/01/33		649,000		511,883
Comcast
1.950%, 01/15/31		165,000		135,556
Electronic Arts
1.850%, 02/15/31		505,000		411,023
Fox
4.709%, 01/25/29		72,000		70,251
3.500%, 04/08/30		426,000		383,680
Interpublic Group of
5.375%, 06/15/33		414,000		409,500
Meta Platforms
4.800%, 05/15/30		419,000		418,855
4.600%, 05/15/28		90,000		89,607
Netflix
6.375%, 05/15/29		15,000		15,926
4.875%, 04/15/28		436,000		435,119
Paramount Global
3.375%, 02/15/28		453,000		399,240
TEGNA
4.750%, 03/15/26		514,000		496,653
T-Mobile USA
5.050%, 07/15/33		537,000		525,216
4.750%, 02/01/28		137,000		134,592
3.500%, 04/15/31		94,000		83,875
2.625%, 02/15/29		35,000		31,034
1.500%, 02/15/26		26,000		24,152
Verizon Communications
4.500%, 08/10/33		122,000		115,132
3.376%, 02/15/25		18,000		17,648
2.355%, 03/15/32		10,000		8,108
				5,158,831

CONSUMER DISCRETIONARY — 3.2%
AutoZone
6.550%, 11/01/33		252,000		272,234
5.200%, 08/01/33		57,000		56,485
Bath & Body Works
6.694%, 01/15/27		796,000		806,385

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
CONSUMER DISCRETIONARY — continued
Block Financial
3.875%, 08/15/30	$	229,000	$	206,465
2.500%, 07/15/28		228,000		200,780
Brunswick
2.400%, 08/18/31		276,000		217,295
DR Horton
1.400%, 10/15/27		76,000		66,998
1.300%, 10/15/26		390,000		352,853
Lennar
5.250%, 06/01/26		425,000		424,267
Marriott International
5.450%, 09/15/26		436,000		437,937
2.750%, 10/15/33		40,000		32,213
MDC Holdings
3.850%, 01/15/30		436,000		401,936
2.500%, 01/15/31		18,000		15,207
Meritage Homes
5.125%, 06/06/27		416,000		409,718
NVR
3.000%, 05/15/30		468,000		412,193
O'Reilly Automotive
4.700%, 06/15/32		298,000		288,325
3.900%, 06/01/29		153,000		145,238
Ross Stores
0.875%, 04/15/26		428,000		391,432
Toll Brothers Finance
4.875%, 03/15/27		418,000		411,037
Travel + Leisure
6.625%, 07/31/26		667,000		674,070
				6,223,068

CONSUMER STAPLES — 2.4%
Albertsons
3.250%, 03/15/26		532,000		505,504
Church & Dwight
3.150%, 08/01/27		441,000		415,646
Costco Wholesale
1.750%, 04/20/32		523,000		418,221
Flowers Foods
2.400%, 03/15/31		492,000		411,336

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
CONSUMER STAPLES — continued
Ingredion
2.900%, 06/01/30	$	450,000	$	394,836
JBS USA LUX
5.500%, 01/15/30		507,000		494,143
Philip Morris International
4.875%, 02/13/26		603,000		600,085
0.875%, 05/01/26		10,000		9,138
Pilgrim's Pride
4.250%, 04/15/31		375,000		335,162
Prime Security Services Borrower
5.750%, 04/15/26		511,000		507,136
Procter & Gamble
4.050%, 01/26/33		498,000		479,582
				4,570,789

ENERGY — 4.3%
Chord Energy
6.375%, 06/01/26		802,000		803,003
ConocoPhillips
5.050%, 09/15/33		28,000		27,913
Continental Resources
4.375%, 01/15/28		429,000		412,426
Coterra Energy
3.900%, 05/15/27		433,000		416,419
Crescent Energy Finance
7.250%, 05/01/26		794,000		791,102
Diamondback Energy
3.250%, 12/01/26		12,000		11,470
3.125%, 03/24/31		495,000		433,985
Equities
7.000%, 02/01/30		377,000		399,182
5.000%, 01/15/29		12,000		11,695
Helmerich & Payne
2.900%, 09/29/31		491,000		408,377
HF Sinclair
5.875%, 04/01/26		193,000		193,596
4.500%, 10/01/30		237,000		221,739
Marathon Oil
4.400%, 07/15/27		435,000		422,587

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
ENERGY — continued
MPLX
4.125%, 03/01/27	$	530,000	$	513,912
1.750%, 03/01/26		21,000		19,591
New Fortress Energy
6.500%, 09/30/26		823,000		794,638
Ovintiv
6.250%, 07/15/33		41,000		42,156
5.650%, 05/15/25		352,000		353,053
Permian Resources Operating
7.750%, 02/15/26		319,000		322,812
5.375%, 01/15/26		481,000		473,157
SM Energy
6.625%, 01/15/27		811,000		807,724
Valero Energy
2.800%, 12/01/31		343,000		289,733
2.150%, 09/15/27		102,000		92,429
Western Midstream Operating
4.050%, 02/01/30		457,000		422,480
				8,685,179

FINANCIALS — 9.0%
Ally Financial
6.992%, SOFRRATE + 3.260%, 06/13/29(A)		11,000		11,301
4.750%, 06/09/27		478,000		464,288
Ameriprise Financial
5.150%, 05/15/33		413,000		412,976
Apollo Global Management
6.375%, 11/15/33		384,000		412,261
Ares Capital
3.200%, 11/15/31		27,000		21,977
Assurant
4.900%, 03/27/28		419,000		410,367
Athene Holding
4.125%, 01/12/28		453,000		433,921
Bank of America
2.651%, SOFRRATE + 1.220%, 03/11/32(A)		1,055,000		882,916
1.898%, SOFRRATE + 1.530%, 07/23/31(A)		10,000		8,116

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
FINANCIALS — continued
BlackRock
4.750%, 05/25/33	$	241,000	$	236,632
Blackstone Private Credit Fund
4.700%, 03/24/25		123,000		121,091
Blue Owl Capital
2.875%, 06/11/28		310,000		270,861
Blue Owl Credit Income
5.500%, 03/21/25		435,000		430,489
Blue Owl Technology Finance
2.500%, 01/15/27		439,000		386,246
Capital One Financial
7.624%, SOFRRATE + 3.070%, 10/30/31(A)		145,000		158,680
2.359%, SOFRRATE + 1.337%, 07/29/32(A)		469,000		354,555
CBRE Services
2.500%, 04/01/31		481,000		395,915
Citigroup
3.070%, SOFRRATE + 1.280%, 02/24/28(A)		408,000		382,169
Citizens Bank
4.575%, SOFRRATE + 2.000%, 08/09/28(A)		258,000		245,832
Citizens Financial Group
3.250%, 04/30/30		224,000		193,805
Credit Acceptance
6.625%, 03/15/26		298,000		296,913
Discover Bank
2.700%, 02/06/30		274,000		232,950
Discover Financial Services
4.100%, 02/09/27		233,000		223,468
Enstar Group
4.950%, 06/01/29		435,000		423,133
F&G Annuities & Life
7.400%, 01/13/28		391,000		401,736
FactSet Research Systems
3.450%, 03/01/32		463,000		402,565
Goldman Sachs Group
1.093%, SOFRRATE + 0.789%, 12/09/26(A)		354,000		327,925

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
FINANCIALS — continued
HSBC USA
5.625%, 03/17/25	$	824,000	$	825,001
Huntington National Bank
4.552%, SOFRINDX + 1.650%, 05/17/28(A)		471,000		454,436
Ladder Capital Finance Holdings LLLP
4.250%, 02/01/27^‡		855,000		786,743
Manufacturers & Traders Trust
4.700%, 01/27/28		261,000		251,094
MGIC Investment
5.250%, 08/15/28		409,000		395,146
Morgan Stanley MTN
4.679%, SOFRRATE + 1.669%, 07/17/26(A)		76,000		75,185
2.511%, SOFRRATE + 1.200%, 10/20/32(A)		42,000		34,391
2.475%, SOFRRATE + 1.000%, 01/21/28(A)		444,000		410,742
OneMain Finance
7.125%, 03/15/26		392,000		398,367
3.500%, 01/15/27		433,000		398,565
Principal Financial Group
5.375%, 03/15/33		54,000		54,398
Santander Holdings USA
7.660%, SOFRRATE + 3.280%, 11/09/31(A)		130,000		138,906
2.490%, SOFRRATE + 1.249%, 01/06/28(A)		649,000		586,896
Shift4 Payments
4.625%, 11/01/26		523,000		501,843
SLM
3.125%, 11/02/26		861,000		790,997
Starwood Property Trust
4.375%, 01/15/27^‡		319,000		299,063
3.625%, 07/15/26^‡		547,000		510,077
Store Capital
4.625%, 03/15/29^‡		406,000		378,825
4.500%, 03/15/28^‡		33,000		30,885
Synchrony Bank
5.625%, 08/23/27		457,000		444,628

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
FINANCIALS — continued
Synovus Bank
5.625%, 02/15/28	$	426,000	$	411,496
Truist Financial MTN
5.122%, SOFRRATE + 1.852%, 01/26/34(A)		638,000		605,186
Wells Fargo MTN
3.584%, TSFR3M + 1.572%, 05/22/28(A)		516,000		489,148
2.572%, TSFR3M + 1.262%, 02/11/31(A)		45,000		38,366
				17,853,472

HEALTH CARE — 3.3%
AbbVie
2.950%, 11/21/26		10,000		9,482
Agilent Technologies
2.750%, 09/15/29		464,000		415,496
Amgen
3.350%, 02/22/32		10,000		8,849
3.000%, 02/22/29		10,000		9,172
Boston Scientific
4.000%, 03/01/28		54,000		52,290
1.900%, 06/01/25		401,000		384,497
Cencora
3.450%, 12/15/27		456,000		431,980
Centene
4.250%, 12/15/27		542,000		515,576
CVS Health
4.100%, 03/25/25		19,000		18,758
Edwards Lifesciences
4.300%, 06/15/28		421,000		408,881
Elevance Health
5.350%, 10/15/25		10,000		9,989
Gilead Sciences
1.200%, 10/01/27		644,000		566,685
Humana
5.875%, 03/01/33		44,000		45,228
3.125%, 08/15/29		310,000		280,609
2.150%, 02/03/32		165,000		130,800
1.350%, 02/03/27		10,000		8,967
McKesson
1.300%, 08/15/26		472,000		430,840

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
HEALTH CARE — continued
Merck
4.500%, 05/17/33	$	607,000	$	590,287
1.900%, 12/10/28		10,000		8,826
Pfizer
0.800%, 05/28/25		31,000		29,426
Quest Diagnostics
6.400%, 11/30/33		292,000		311,922
4.200%, 06/30/29		116,000		111,507
Regeneron Pharmaceuticals
1.750%, 09/15/30		514,000		415,790
Royalty Pharma
2.150%, 09/02/31		471,000		375,913
1.200%, 09/02/25		62,000		58,047
STERIS Irish FinCo UnLtd
2.700%, 03/15/31		487,000		413,452
UnitedHealth Group
5.150%, 10/15/25		64,000		64,140
4.500%, 04/15/33		17,000		16,314
2.950%, 10/15/27		11,000		10,331
Zoetis
3.000%, 09/12/27		482,000		450,735
				6,584,789

INDUSTRIALS — 2.2%
Acuity Brands Lighting
2.150%, 12/15/30		502,000		411,407
Booz Allen Hamilton
5.950%, 08/04/33		322,000		330,297
Broadridge Financial Solutions
2.900%, 12/01/29		11,000		9,706
Burlington Northern Santa Fe
3.250%, 06/15/27		216,000		206,099
Cintas No. 2
3.700%, 04/01/27		434,000		420,806
Hillenbrand
5.000%, 09/15/26		510,000		498,928
Howmet Aerospace
6.875%, 05/01/25		246,000		248,577
Ingersoll Rand
5.400%, 08/14/28		370,000		372,982

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
INDUSTRIALS — continued
JB Hunt Transport Services
3.875%, 03/01/26	$	86,000	$	83,972
Nordson
5.600%, 09/15/28		397,000		403,599
Oshkosh
4.600%, 05/15/28		372,000		362,339
Owens Corning
3.950%, 08/15/29		423,000		398,888
Pentair Finance Sarl
4.500%, 07/01/29		181,000		174,402
Trane Technologies Global Holding
3.750%, 08/21/28		386,000		368,202
				4,290,204

INFORMATION TECHNOLOGY — 2.7%
Adobe
2.150%, 02/01/27		169,000		157,307
Amphenol
4.750%, 03/30/26		427,000		424,058
Apple
4.300%, 05/10/33		147,000		145,431
Broadcom
3.150%, 11/15/25		18,000		17,366
CDW
4.250%, 04/01/28		29,000		27,581
2.670%, 12/01/26		443,000		410,302
Juniper Networks
3.750%, 08/15/29		436,000		404,065
Micron Technology
4.185%, 02/15/27		475,000		461,755
Motorola Solutions
4.600%, 02/23/28		438,000		430,040
NetApp
2.375%, 06/22/27		460,000		421,601
Oracle
2.500%, 04/01/25		116,000		112,299
Qorvo
4.375%, 10/15/29		433,000		402,810

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
INFORMATION TECHNOLOGY — continued
Skyworks Solutions
3.000%, 06/01/31	$	488,000	$	408,811
VMware
4.500%, 05/15/25		716,000		708,252
Western Digital
4.750%, 02/15/26		813,000		794,557
2.850%, 02/01/29		76,000		64,007
				5,390,242

MATERIALS — 1.2%
AptarGroup
3.600%, 03/15/32		451,000		395,657
Celanese US Holdings
6.050%, 03/15/25		23,000		23,057
NewMarket
2.700%, 03/18/31		309,000		256,525
Novelis
3.250%, 11/15/26		858,000		795,666
Reliance
2.150%, 08/15/30		299,000		248,085
RPM International
3.750%, 03/15/27		137,000		130,708
Steel Dynamics
3.250%, 01/15/31		464,000		411,326
				2,261,024

REAL ESTATE — 3.5%
Agree
2.600%, 06/15/33^‡		192,000		148,737
2.000%, 06/15/28^‡		292,000		253,789
Alexandria Real Estate Equities
3.450%, 04/30/25^‡		10,000		9,766
AvalonBay Communities
5.300%, 12/07/33^‡		234,000		234,654
2.050%, 01/15/32^‡		253,000		206,234
CubeSmart
2.500%, 02/15/32^‡		39,000		31,516
2.250%, 12/15/28^‡		434,000		377,553

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
REAL ESTATE — continued
EPR Properties
3.750%, 08/15/29^‡	$	10,000	$	8,728
Essential Properties
2.950%, 07/15/31^‡		32,000		25,067
Forestar Group
3.850%, 05/15/26		842,000		799,833
Highwoods Realty
4.125%, 03/15/28^‡		432,000		399,758
Host Hotels & Resorts
3.375%, 12/15/29^‡		321,000		284,060
2.900%, 12/15/31^‡		121,000		99,881
Invitation Homes Operating Partnership
2.700%, 01/15/34^‡		530,000		412,640
NNN REIT
3.500%, 10/15/27^‡		454,000		425,926
Omega Healthcare Investors
4.750%, 01/15/28^‡		433,000		415,390
Realty Income
1.800%, 03/15/33^‡		186,000		140,022
Rexford Industrial Realty
5.000%, 06/15/28^‡		402,000		397,942
RLJ Lodging Trust
3.750%, 07/01/26^‡		851,000		802,280
Tanger Properties
2.750%, 09/01/31^‡		491,000		396,154
Vornado Realty
2.150%, 06/01/26^‡		880,000		789,697
Weyerhaeuser
3.375%, 03/09/33^‡		158,000		136,474
				6,796,101

UTILITIES — 3.2%
Avangrid
3.800%, 06/01/29		440,000		410,499
Black Hills
5.950%, 03/15/28		396,000		407,294
4.350%, 05/01/33		19,000		17,322
Consolidated Edison of New York
4.000%, 12/01/28		35,000		33,777

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
UTILITIES — continued
3.350%, 04/01/30	$	549,000	$	501,904
Constellation Energy Generation
5.600%, 03/01/28		438,000		443,813
DTE Energy
3.400%, 06/15/29		82,000		75,020
2.950%, 03/01/30		458,000		400,737
Duke Energy Carolinas
4.950%, 01/15/33		10,000		9,857
Edison International
6.950%, 11/15/29		376,000		400,756
Evergy Kansas Central
5.900%, 11/15/33		401,000		417,058
Interstate Power and Light
5.700%, 10/15/33		401,000		407,902
4.100%, 09/26/28		13,000		12,452
MidAmerican Energy
5.350%, 01/15/34		233,000		237,522
3.650%, 04/15/29		535,000		504,761
Oklahoma Gas and Electric
5.400%, 01/15/33		316,000		321,598
Pacific Gas and Electric
3.450%, 07/01/25		16,000		15,540
3.250%, 06/01/31		238,000		204,203
2.100%, 08/01/27		329,000		294,639
Piedmont Natural Gas
2.500%, 03/15/31		15,000		12,545
PPL Electric Utilities
5.000%, 05/15/33		462,000		459,117
Public Service Electric and Gas
5.200%, 08/01/33		480,000		484,989
Southern California Edison
4.700%, 06/01/27		163,000		161,218
2.750%, 02/01/32		17,000		14,295
Southern California Gas
5.200%, 06/01/33		95,000		94,267
				6,343,085

Total Corporate Obligations
(Cost $91,658,105)				90,773,469

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

MORTGAGE-BACKED SECURITIES — 28.8%
	Shares		Value
Agency Mortgage Backed Obligations — 28.8%
FHLMC
2.500%, 01/01/52	$	877,845	$	726,677
FHLMC Multifamily Structured Pass Through Certificates, Ser K102, Cl A1
2.184%, 05/25/29		892,806		828,340
FHLMC Multifamily Structured Pass Through Certificates, Ser K122, Cl A1
0.863%, 05/25/30		917,052		801,583
FHLMC Multifamily Structured Pass Through Certificates, Ser K126, Cl A1
1.319%, 10/25/30		617,185		554,423
FHLMC Multifamily Structured Pass Through Certificates, Ser K747, Cl AM
1.752%, 12/25/28(A)		2,000,000		1,744,915
FNMA
7.000%, 12/01/53		685,768		704,080
6.500%, 01/01/53		1,465,907		1,492,144
6.000%, 08/01/53		2,187,265		2,197,880
5.500%, 12/01/52		2,809,219		2,783,778
5.000%, 10/01/52		2,669,008		2,590,640
4.500%, 08/01/53		3,257,962		3,084,820
4.000%, 11/01/52		2,970,046		2,733,694
3.500%, 12/01/52		2,983,788		2,656,462
3.000%, 06/01/52		5,851,786		5,011,873
2.500%, 05/01/52		6,586,562		5,506,283
2.000%, 03/01/52		15,703,811		12,587,103
1.500%, 12/01/36		1,783,531		1,446,202
GNMA
5.500%, 09/20/53		988,400		982,172
5.000%, 07/20/53		984,573		961,856
4.500%, 04/20/53		971,718		928,049
4.000%, 06/20/52		908,756		845,823
3.500%, 05/20/52		1,796,858		1,625,324
3.000%, 04/20/51		1,940,682		1,704,907
2.500%, 08/20/51		2,364,950		2,002,508
Total Mortgage-Backed Securities
(Cost $57,462,484)				56,501,536
U.S. TREASURY OBLIGATIONS — 21.5%

U.S. Treasury Bonds
3.625%, 05/15/53		725,000		634,318
3.375%, 11/15/48		2,401,000		1,994,799
3.125%, 05/15/48		2,470,000		1,962,589

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

U.S. TREASURY OBLIGATIONS — continued
	Shares		Value
3.000%, 02/15/47	$	13,000	$	10,156
3.000%, 02/15/48		2,068,000		1,606,981
3.000%, 08/15/48		2,505,000		1,943,821
3.000%, 02/15/49		2,551,000		1,976,626
2.875%, 05/15/49		2,641,000		1,996,947
2.875%, 05/15/52		2,147,000		1,616,624
2.750%, 08/15/47		40,000		29,730
2.375%, 11/15/49		10,000		6,806
2.375%, 05/15/51		2,990,000		2,017,666
2.250%, 05/15/41		2,704,000		1,974,342
1.875%, 02/15/41		2,848,000		1,962,561
1.875%, 11/15/51		1,499,000		893,076
1.750%, 08/15/41		526,000		350,304
1.375%, 11/15/40		3,082,000		1,957,311
1.375%, 08/15/50		2,854,000		1,498,127
1.125%, 05/15/40		2,213,000		1,365,577
1.125%, 08/15/40		2,283,000		1,394,949
				27,193,310

U.S. Treasury Notes
4.875%, 11/30/25		1,298,000		1,301,144
4.500%, 11/15/33		80,000		81,513
4.125%, 11/15/32		1,772,000		1,753,242
3.875%, 09/30/29		1,952,000		1,912,808
3.250%, 06/30/29		2,122,000		2,018,552
3.125%, 11/15/28		2,025,000		1,925,174
2.750%, 05/31/29		2,180,000		2,025,101
2.375%, 03/31/29		165,000		150,788
1.375%, 12/31/28		290,000		253,580
0.625%, 05/15/30		141,000		113,191
0.625%, 08/15/30		25,000		19,902
0.375%, 04/30/25		602,000		571,171
0.375%, 12/31/25		2,108,000		1,950,229
0.250%, 06/30/25		32,000		30,112
0.250%, 07/31/25		878,000		823,331
				14,929,838

Total U.S. Treasury Obligations
(Cost $43,480,937)				42,123,148

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

SOVEREIGN DEBT — 1.3%
	Shares		Value
CANADA — 0.2%
Canada Government International Bond
3.750%, 04/26/28	$	415,000	$	404,412

INDONESIA — 0.1%
Indonesia Government International Bond
4.550%, 01/11/28		315,000		309,508

MEXICO — 0.2%
Mexico Government International Bond
4.280%, 08/14/41		523,000		413,662

PANAMA — 0.1%
Panama Government International Bond
4.500%, 01/19/63		237,000		146,777

PHILIPPINES — 0.3%
Philippine Government International Bond
3.200%, 07/06/46		740,000		525,543

POLAND — 0.2%
Republic of Poland Government International Bond
5.750%, 11/16/32		359,000		373,834

SOUTH KOREA — 0.2%
Korea Development Bank
4.375%, 02/15/28		209,000		206,000
2.000%, 02/24/25		200,000		193,844
				399,844
Total Sovereign Debt
(Cost $2,623,802)				2,573,580
MUNICIPAL BONDS — 0.7%

ILLINOIS — 0.2%
State of Illinois, GO
6.630%, 02/01/35		317,308		331,490

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

MUNICIPAL BONDS — continued
	Shares		Value
LOUISIANA — 0.1%
Louisiana Local Government Environmental Facilities & Community Development Auth, RB
4.475%, 08/01/39	$	290,000	$	275,036

NEW YORK — 0.3%
Metropolitan Transportation Authority, RB
5.871%, 11/15/39		500,000		509,252

OHIO — 0.1%
JobsOhio Beverage System, Ser A, RB
2.833%, 01/01/38		310,000		250,233

Total Municipal Bonds
(Cost $1,369,678)				1,366,011
U.S. GOVERNMENT AGENCY OBLIGATION — 0.2%

Tennessee Valley Authority
3.875%, 03/15/28		439,000		432,209
Total U.S. Government Agency Obligation
(Cost $435,513)				432,209
SHORT-TERM INVESTMENT — 0.2%

DWS Government Money Market Series, Institutional Shares, 5.410% (B)
(Cost $482,065)		482,065		482,065

Total Investments — 99.0%
(Cost $197,512,584)			$	194,252,018

Percentages are based on Net Assets of $196,280,465.

^‡	Real Estate Investment Trust
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	The rate reported is the 7-day effective yield as of February 29, 2024.

Cl — Class

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

H15T1Y — US Treasury Yield Curve Rate T Note Constant Maturity 1 Year

LLLP — Limited Liability Limited Partnership

MTN — Medium Term Note

RB — Revenue Bond

REIT — Real Estate investment Trust

Ser — Series

SOFRRATE — Secured Overnight Financing Rate

SOFRINDX — Secured Overnight Financing Rate Index

TSFR3M — 3 Month CME Term Secured

The following is a summary of the level of inputs used as of February 29, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Corporate Obligations	$	–	$	90,773,469	$	–	$	90,773,469
Mortgage-Backed Securities		–		56,501,536		–		56,501,536
U.S. Treasury Obligations		10,801,438		31,321,710		–		42,123,148
Sovereign Debt		–		2,573,580		–		2,573,580
Municipal Bonds		–		1,366,011		–		1,366,011
U.S. Government Agency Obligation		–		432,209		–		432,209
Short-Term Investment		482,065		–		–		482,065
Total Investments in Securities	$	11,283,503	$	182,968,515	$	–	$	194,252,018

Amounts designated as “—” are $0.

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

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC MUNICIPAL FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

SECTOR WEIGHTINGS^†

^†	Percentages are based on total investments.

SCHEDULE OF INVESTMENTS
REGISTERED INVESTMENT COMPANIES — 99.0%
	Shares		Value
MUNICIPAL BOND FUNDS — 99.0%
DFA Intermediate-Term Municipal Bond Portfolio, Cl I (A)		934,003	$	9,414,751
DFA Short-Term Municipal Bond Portfolio, Cl I (A)		1,779,183		18,058,707
iShares National Muni Bond ETF		17,307		1,868,637
iShares Short-Term National Muni Bond ETF		39,427		4,142,989
Vanguard Tax-Exempt Bond Index ETF		75,062		3,806,394
Total Registered Investment Companies
(Cost $37,747,789)				37,291,478
SHORT-TERM INVESTMENT — 1.0%

DWS Government Money Market Series, Institutional Shares, 5.410% (B)
(Cost $399,761)		399,761		399,761

Total Investments — 100.0%
(Cost $38,147,550)			$	37,691,239

Percentages are based on Net Assets of $37,677,471.

(A)	Represents greater than 25% of the Fund’s total investments. For further financial information, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov.
(B)	The rate reported is the 7-day effective yield as of February 29, 2024.

Cl — Class

ETF — Exchange-Traded Fund

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

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

SECTOR WEIGHTINGS^†

^†	Percentages are based on total investments.

SCHEDULE OF INVESTMENTS
CORPORATE OBLIGATIONS — 47.3%
	Shares		Value
AUSTRALIA — 1.9%
BHP Billiton Finance USA
5.250%, 09/08/26	$	330,000	$	332,042
Brambles Finance
1.500%, 10/04/27		626,000		630,884
Commonwealth Bank of Australia
1.875%, 09/15/31		208,000		167,092
Commonwealth Bank of Australia NY
5.499%, 09/12/25		570,000		573,257
CSL Finance
4.250%, 04/27/32		681,000		643,059
Goodman US Finance Three
3.700%, 03/15/28^‡		663,000		613,032
Macquarie Group
5.108%, SOFRRATE + 2.208%, 08/09/26(A)		240,000		238,460
1.340%, SOFRRATE + 1.069%, 01/12/27(A)		535,000		493,689
Northern Star Resources
6.125%, 04/11/33		12,000		11,997
Perenti Finance Pty MTN
6.500%, 10/07/25		800,000		789,000
Rio Tinto Finance USA
5.000%, 03/09/33		349,000		348,640
Santos Finance MTN
5.250%, 03/13/29		648,000		624,829

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
Scentre Group Trust 1
4.375%, 05/28/30^‡	$	221,000	$	207,759
				5,673,740

AUSTRIA — 0.4%
Erste Group Bank MTN
0.050%, 09/16/25		600,000		611,744
Raiffeisen Bank International MTN
0.050%, 09/01/27		700,000		657,648
				1,269,392

BELGIUM — 0.3%
KBC Group
5.796%, H15T1Y + 2.100%, 01/19/29(A)		432,000		434,623
Silfin
2.875%, 04/11/27		600,000		617,155
				1,051,778

CANADA — 2.1%
Air Canada
3.875%, 08/15/26		809,000		766,167
Air Canada 2020-1 Class C Pass Through Trust
10.500%, 07/15/26		16,000		17,420
Athabasca Oil
9.750%, 11/01/26		726,000		765,298
Bank of Nova Scotia
0.010%, 01/14/27		882,000		866,090
Bell Telephone of Canada or Bell Canada
2.150%, 02/15/32		60,000		48,046
Canadian National Railway
5.850%, 11/01/33		551,000		585,270
3.850%, 08/05/32		66,000		60,698
Canadian Natural Resources
3.850%, 06/01/27		377,000		361,330
2.950%, 07/15/30		352,000		305,798
Cascades
5.125%, 01/15/26		820,000		798,475
Empower Finance 2020
1.776%, 03/17/31		133,000		105,124

The accompanying notes are an integral part of the financial statements.

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
Fairfax Financial Holdings
6.000%, 12/07/33	$	157,000	$	157,726
4.850%, 04/17/28		113,000		110,477
4.625%, 04/29/30		410,000		386,764
National Bank of Canada
5.600%, 12/18/28		540,000		545,470
3.750%, 01/25/28		100,000		108,323
Toronto-Dominion Bank MTN
1.707%, 07/28/25		842,000		886,865
				6,875,341

CHINA — 0.5%
China Construction Bank
2.850%, H15T5Y + 1.400%, 01/21/32(A)		893,000		836,830
Industrial & Commercial Bank of China MTN
1.625%, 10/28/26		600,000		548,681
				1,385,511

DENMARK — 0.6%
AP Moller - Maersk
5.875%, 09/14/33		140,000		141,012
H Lundbeck MTN
0.875%, 10/14/27		663,000		640,133
Pandora MTN
4.500%, 04/10/28		563,000		623,409
Sydbank MTN
5.125%, EUSA1 + 1.850%, 09/06/28(A)		482,000		533,478
0.500%, EUSA1 + 0.000%, 11/10/26(A)		105,000		106,519
				2,044,551

FINLAND — 0.2%
Elisa MTN
4.000%, 01/27/29		511,000		559,969
Nokia
4.375%, 06/12/27		150,000		143,749
				703,718

The accompanying notes are an integral part of the financial statements.

100

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
FRANCE — 1.7%
Arkea Home Loans SFH MTN
3.000%, 03/30/27	$	700,000	$	751,416
Cie Generale des Etablissements Michelin SCA
1.750%, 09/03/30		100,000		98,555
–%, 11/02/28⁽¹⁾		100,000		93,302
Electricite de France
5.700%, 05/23/28		864,000		879,577
La Banque Postale MTN
4.000%, 05/03/28		1,400,000		1,530,265
LVMH Moet Hennessy Louis Vuitton
0.375%, 02/11/31		700,000		630,442
MMS USA Holdings MTN
1.750%, 06/13/31		200,000		191,267
Safran
0.750%, 03/17/31		200,000		184,117
TotalEnergies Capital International
2.829%, 01/10/30		810,000		728,319
				5,087,260

GERMANY — 4.6%
Aareal Bank MTN
0.750%, 04/18/28		700,000		608,275
Berlin Hyp MTN
1.750%, 05/10/32		49,000		48,127
1.250%, 08/25/25		47,000		49,195
0.010%, 01/27/31		689,000		605,926
Brenntag Finance BV
1.125%, 09/27/25		607,000		628,810
Commerzbank MTN
3.375%, 12/12/25		312,000		337,128
Deutsche Bahn Finance GMBH MTN
1.125%, 05/29/51		1,128,000		729,913
Deutsche Bank MTN
1.375%, 06/10/26⁽¹⁾ (A)		833,000		870,622
0.010%, 10/02/29		226,000		206,242
Deutsche Telekom International Finance BV
4.375%, 06/21/28		456,000		443,913
Fresenius Finance Ireland
–%, 10/01/25⁽¹⁾		672,000		686,105

The accompanying notes are an integral part of the financial statements.

101

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FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
Hannover Rueck
1.125%, 04/18/28	$	300,000	$	304,851
Hella GmbH & KGaA
0.500%, 01/26/27		659,000		645,517
Kreditanstalt fuer Wiederaufbau MTN
5.125%, 09/29/25		1,101,000		1,104,967
2.500%, 11/19/25		2,067,000		2,209,664
Landwirtschaftliche Rentenbank MTN
0.100%, 03/08/27		541,000		537,456
0.050%, 01/31/31		1,131,000		1,008,994
Muenchener Hypothekenbank eG MTN
2.750%, 09/24/25		816,000		873,035
NRW Bank
2.875%, 04/05/33		15,000		16,176
1.625%, 08/03/32		1,766,000		1,731,680
SAP
1.375%, 03/13/30		400,000		392,135
1.000%, 03/13/26		200,000		206,826
				14,245,557

IRELAND — 0.2%
AIB Group
3.625%, EUSA1 + 2.000%, 07/04/26(A)		616,000		663,510

ITALY — 1.8%
Coca-Cola HBC Finance BV MTN
2.750%, 09/23/25		204,000		216,976
Credito Emiliano MTN
4.875%, EUR003M + 1.600%, 03/26/30(A)		540,000		606,268
Enel Finance International
7.500%, 10/14/32		203,000		225,878
5.000%, 06/15/32		657,000		626,895
ERG MTN
0.875%, 09/15/31		753,000		644,622
Intesa Sanpaolo
6.625%, 06/20/33		790,000		798,666
Iren MTN
1.950%, 09/19/25		614,000		644,809
Italgas MTN
0.875%, 04/24/30		294,000		269,913
–%, 02/16/28⁽¹⁾		400,000		378,360

The accompanying notes are an integral part of the financial statements.

102

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FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
Ryanair DAC MTN
0.875%, 05/25/26	$	297,000	$	301,419
Snam MTN
–%, 12/07/28⁽¹⁾		733,000		672,669
				5,386,475

JAPAN — 1.0%
JT International Financial Services BV MTN
3.875%, 09/28/28		699,000		660,671
Mitsubishi UFJ Financial Group
4.050%, 09/11/28		16,000		15,507
2.048%, 07/17/30		768,000		637,494
Mizuho Financial Group
5.739%, H15T1Y + 1.650%, 05/27/31(A)		657,000		670,035
Nomura Holdings
2.608%, 07/14/31		357,000		293,495
NTT Finance
2.065%, 04/03/31		685,000		563,280
Renesas Electronics
2.170%, 11/25/26		286,000		259,706
				3,100,188

LUXEMBOURG — 0.2%
ArcelorMittal
4.250%, 07/16/29		508,000		481,543

NETHERLANDS — 1.1%
ASML Holding
0.250%, 02/25/30		281,000		256,909
CTP MTN
0.875%, 01/20/26		163,000		165,313
Shell International Finance BV
2.750%, 04/06/30		81,000		72,124
TenneT Holding BV MTN
0.875%, 06/16/35		1,814,000		1,633,176
Universal Music Group MTN
3.750%, 06/30/32		582,000		628,295

The accompanying notes are an integral part of the financial statements.

103

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
Wolters Kluwer
3.000%, 09/23/26	$	550,000	$	587,761
				3,343,578

NORWAY — 0.8%
Aker BP
6.000%, 06/13/33		170,000		172,860
5.600%, 06/13/28		488,000		492,566
DNB Bank
1.535%, H15T1Y + 0.720%, 05/25/27(A)		789,000		723,826
SpareBank 1 SR-Bank MTN
2.875%, 09/20/25		577,000		614,704
Var Energi
8.000%, 11/15/32		200,000		222,296
7.500%, 01/15/28		406,000		427,533
				2,653,785

PORTUGAL — 0.2%
Banco Comercial Portugues MTN
5.625%, EUR003M + 1.900%, 10/02/26(A)		400,000		440,250
1.750%, 04/07/28⁽¹⁾ (A)		200,000		200,990
				641,240

SPAIN — 0.2%
Naturgy Finance BV MTN
0.750%, 11/28/29		700,000		654,843

SUPRANATIONAL — 3.7%
African Development Bank
4.625%, 01/04/27		866,000		867,501
Asian Development Bank MTN
4.250%, 01/09/26		888,000		880,268
3.125%, 08/20/27		250,000		239,194
Council of Europe Development Bank MTN
3.125%, 09/13/28		1,548,000		1,692,638
European Investment Bank
4.500%, 10/16/28		484,000		486,598
0.750%, 10/26/26		728,000		659,900
0.375%, 09/15/27		2,106,000		2,087,163

The accompanying notes are an integral part of the financial statements.

104

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
Inter-American Development Bank MTN
4.500%, 05/15/26	$	1,060,000	$	1,056,240
3.500%, 09/14/29		16,000		15,290
International Bank for Reconstruction & Development
3.500%, 07/12/28		1,098,000		1,058,794
3.100%, 04/14/38		975,000		1,047,247
International Finance MTN
4.375%, 01/15/27		865,000		861,711
Nordic Investment Bank
5.000%, 10/15/25		835,000		836,745
				11,789,289

SWEDEN — 0.5%
Investor MTN
1.500%, 09/12/30		100,000		95,926
Molnlycke Holding MTN
4.250%, 09/08/28		184,000		201,328
0.625%, 01/15/31		413,000		354,158
Swedbank
5.337%, 09/20/27		542,000		540,693
1.538%, 11/16/26		207,000		188,132
Telefonaktiebolaget LM Ericsson MTN
1.125%, 02/08/27		226,000		224,078
				1,604,315

SWITZERLAND — 0.6%
Holcim Finance Luxembourg MTN
0.500%, 11/29/26		201,000		200,263
0.125%, 07/19/27		490,000		472,876
UBS Group
4.488%, H15T1Y + 1.550%, 05/12/26(A)		1,257,000		1,236,538
				1,909,677

UNITED ARAB EMIRATES — 0.3%
Abu Dhabi National Energy PJSC
4.696%, 04/24/33		837,000		814,788

The accompanying notes are an integral part of the financial statements.

105

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
UNITED KINGDOM — 5.7%
AA Bond MTN
8.450%, 01/31/28	$	555,000	$	738,213
AstraZeneca
1.375%, 08/06/30		821,000		665,312
BAE Systems
3.400%, 04/15/30		715,000		647,597
Barclays MTN
2.885%, EUAMDB01 + 1.680%, 01/31/27(A)		830,000		879,550
BAT International Finance
5.931%, 02/02/29		31,000		31,658
1.668%, 03/25/26		871,000		806,959
Compass Group Finance Netherlands BV MTN
1.500%, 09/05/28		625,000		627,154
Drax Finco
6.625%, 11/01/25		800,000		790,000
GlaxoSmithKline Capital
3.375%, 06/01/29		730,000		686,045
HSBC Holdings
2.999%, SOFRRATE + 1.430%, 03/10/26(A)		1,255,000		1,219,825
Imperial Brands Finance
6.125%, 07/27/27		434,000		441,807
3.875%, 07/26/29		247,000		228,308
Informa MTN
2.125%, 10/06/25		141,000		147,976
1.250%, 04/22/28		511,000		497,892
InterContinental Hotels Group MTN
2.125%, 05/15/27		625,000		643,788
Investec Bank MTN
0.500%, 02/17/27⁽¹⁾ (A)		102,000		101,644
ITV
1.375%, 09/26/26		636,000		643,714
Jaguar Land Rover Automotive
7.750%, 10/15/25		780,000		786,925
Lloyds Banking Group
3.511%, H15T1Y + 1.600%, 03/18/26(A)		311,000		303,591
LSEGA Financing
2.500%, 04/06/31		289,000		242,886

The accompanying notes are an integral part of the financial statements.

106

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
National Grid
5.809%, 06/12/33	$	108,000	$	109,124
5.602%, 06/12/28		669,000		677,325
Nationwide Building Society MTN
3.960%, US0003M + 1.855%, 07/18/30(A)		783,000		716,509
2.250%, 05/16/37		799,000		769,401
NatWest Group
5.808%, H15T1Y + 1.950%, 09/13/29(A)		819,000		827,328
RELX Capital
3.000%, 05/22/30		744,000		664,386
Sage Group MTN
3.820%, 02/15/28		566,000		617,337
Smiths Group MTN
2.000%, 02/23/27		613,000		634,601
TechnipFMC
6.500%, 02/01/26		779,000		774,923
Virgin Money UK MTN
4.625%, EUSA1 + 1.750%, 10/29/28(A)		613,000		660,068
				17,581,846

UNITED STATES — 18.7%
COMMUNICATION SERVICES — 1.1%
AT&T
4.300%, 02/15/30		10,000		9,537
Cogent Communications Group
3.500%, 05/01/26		834,000		790,568
Meta Platforms
4.600%, 05/15/28		281,000		279,771
Netflix
6.375%, 05/15/29		10,000		10,617
4.875%, 04/15/28		703,000		701,580
Omnicom Group
4.200%, 06/01/30		494,000		467,878
Paramount Global
3.375%, 02/15/28		405,000		356,937
TEGNA
4.750%, 03/15/26		806,000		778,798
				3,395,686

The accompanying notes are an integral part of the financial statements.

107

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
CONSUMER DISCRETIONARY — 2.5%
Advance Auto Parts
5.900%, 03/09/26	$	793,000	$	791,371
Bath & Body Works
6.694%, 01/15/27		790,000		800,306
Block Financial
3.875%, 08/15/30		165,000		148,763
Brunswick
2.400%, 08/18/31		794,000		625,118
Ferguson Finance
3.250%, 06/02/30		548,000		489,107
International Game Technology
6.250%, 01/15/27		797,000		800,364
Lennar
5.250%, 06/01/26		148,000		147,745
MDC Holdings
3.850%, 01/15/30		327,000		301,452
2.500%, 01/15/31		185,000		156,290
Meritage Homes
5.125%, 06/06/27		663,000		652,989
NVR
3.000%, 05/15/30		734,000		646,473
Stellantis Finance US
1.711%, 01/29/27		805,000		731,746
Tapestry
5.350%, 11/27/25		597,000		654,956
Travel + Leisure
6.625%, 07/31/26		775,000		783,215
				7,729,895

CONSUMER STAPLES — 0.9%
Albertsons
3.250%, 03/15/26		800,000		760,156
Philip Morris International
4.875%, 02/13/26		351,000		349,303
Prime Security Services Borrower
5.750%, 04/15/26		786,000		780,056

The accompanying notes are an integral part of the financial statements.

108

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
CONSUMER STAPLES — continued
Smithfield Foods
4.250%, 02/01/27	$	678,000	$	648,735
				2,538,250

ENERGY — 2.4%
Chord Energy
6.375%, 06/01/26		795,000		795,994
Civitas Resources
5.000%, 10/15/26		816,000		790,659
Coterra Energy
3.900%, 05/15/27		679,000		652,998
Crescent Energy Finance
7.250%, 05/01/26		785,000		782,135
Marathon Oil
4.400%, 07/15/27		58,000		56,345
New Fortress Energy
6.500%, 09/30/26		800,000		772,431
NuStar Logistics
6.000%, 06/01/26		798,000		788,863
Ovintiv
5.650%, 05/15/28		666,000		671,928
Permian Resources Operating
5.375%, 01/15/26		815,000		801,711
SM Energy
6.625%, 01/15/27		804,000		800,752
				6,913,816

FINANCIALS — 4.6%
Ally Financial
2.200%, 11/02/28		812,000		690,510
Apollo Management Holdings
4.872%, 02/15/29		129,000		127,194
Assurant
4.900%, 03/27/28		646,000		632,689
2.650%, 01/15/32		16,000		12,993
Bank of America MTN
3.384%, SOFRRATE + 1.330%, 04/02/26(A)		319,000		311,372

The accompanying notes are an integral part of the financial statements.

109

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
FINANCIALS — continued
Block
2.750%, 06/01/26	$	855,000	$	797,578
Blue Owl Finance
4.375%, 02/15/32		682,000		598,244
Capital One Financial
3.800%, 01/31/28		725,000		685,690
3.650%, 05/11/27		97,000		92,387
Citizens Financial Group
3.250%, 04/30/30		757,000		654,957
2.500%, 02/06/30		13,000		10,784
Enact Holdings
6.500%, 08/15/25		379,000		379,015
Enstar Group
4.950%, 06/01/29		678,000		659,504
F&G Global Funding
2.300%, 04/11/27		12,000		10,744
2.000%, 09/20/28		770,000		648,252
FactSet Research Systems
3.450%, 03/01/32		723,000		628,627
Huntington Bancshares
2.550%, 02/04/30		421,000		355,191
Huntington National Bank
5.650%, 01/10/30		308,000		306,998
KeyBank
4.150%, 08/08/25		250,000		242,106
Main Street Capital
3.000%, 07/14/26		705,000		652,193
Mastercard
4.875%, 03/09/28		601,000		607,716
MGIC Investment
5.250%, 08/15/28		629,000		607,694
OneMain Finance
7.125%, 03/15/26		700,000		711,369
Shift4 Payments
4.625%, 11/01/26		800,000		767,637
Sixth Street Specialty Lending
2.500%, 08/01/26		713,000		653,949
SLM
3.125%, 11/02/26		800,000		734,957

The accompanying notes are an integral part of the financial statements.

110

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
FINANCIALS — continued
Starwood Property Trust
3.625%, 07/15/26^‡	$	800,000	$	746,000
Synchrony Financial
5.150%, 03/19/29		696,000		663,907
Synovus Bank
5.625%, 02/15/28		670,000		647,189
Wells Fargo
2.188%, SOFRRATE + 2.000%, 04/30/26(A)		20,000		19,191
				14,656,637

HEALTH CARE — 1.2%
Agilent Technologies
2.750%, 09/15/29		721,000		645,630
Centene
4.625%, 12/15/29		415,000		392,818
3.000%, 10/15/30		11,000		9,398
2.625%, 08/01/31		381,000		311,761
McKesson
5.100%, 07/15/33		187,000		186,396
Regeneron Pharmaceuticals
1.750%, 09/15/30		803,000		649,571
Stryker
3.650%, 03/07/28		714,000		680,925
UnitedHealth Group
4.250%, 01/15/29		11,000		10,717
Zoetis
3.900%, 08/20/28		454,000		436,372
3.000%, 09/12/27		247,000		230,979
				3,554,567

INDUSTRIALS — 1.7%
Acuity Brands Lighting
2.150%, 12/15/30		788,000		645,795
Beacon Roofing Supply
4.500%, 11/15/26		820,000		790,710
Booz Allen Hamilton
5.950%, 08/04/33		601,000		616,486
3.875%, 09/01/28		15,000		13,918

The accompanying notes are an integral part of the financial statements.

111

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
INDUSTRIALS — continued
Cintas No. 2
3.700%, 04/01/27	$	281,000	$	272,457
Delta Air Lines
7.375%, 01/15/26		777,000		801,281
Hillenbrand
5.000%, 09/15/26		700,000		684,803
Jacobs Engineering Group
6.350%, 08/18/28		616,000		635,792
Nordson
5.600%, 09/15/28		625,000		635,389
				5,096,631

INFORMATION TECHNOLOGY — 1.2%
Amphenol
4.750%, 03/30/26		628,000		623,673
Broadcom
3.150%, 11/15/25		730,000		704,309
Gartner
4.500%, 07/01/28		703,000		665,449
Skyworks Solutions
3.000%, 06/01/31		335,000		280,639
Western Digital
4.750%, 02/15/26		725,000		708,553
Xerox Holdings
5.000%, 08/15/25		805,000		791,732
				3,774,355

MATERIALS — 0.7%
AptarGroup
3.600%, 03/15/32		128,000		112,293
Berry Global
4.500%, 02/15/26		545,000		528,249
Crown Americas
4.250%, 09/30/26		817,000		784,121
Novelis
3.250%, 11/15/26		851,000		789,175

The accompanying notes are an integral part of the financial statements.

112

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
MATERIALS — continued
Packaging Corp of America
5.700%, 12/01/33	$	148,000	$	151,465
				2,365,303

REAL ESTATE — 1.3%
Broadstone Net Lease
2.600%, 09/15/31^‡		553,000		429,229
EPR Properties
4.950%, 04/15/28^‡		692,000		656,512
Forestar Group
3.850%, 05/15/26		835,000		793,183
RLJ Lodging Trust
3.750%, 07/01/26^‡		800,000		754,200
Simon Property Group
1.375%, 01/15/27^‡		743,000		673,848
Vornado Realty
2.150%, 06/01/26^‡		800,000		717,906
				4,024,878

UTILITIES — 1.1%
Black Hills
5.950%, 03/15/28		620,000		637,682
Consolidated Edison of New York
2.400%, 06/15/31		864,000		727,465
Constellation Energy Generation
5.800%, 03/01/33		12,000		12,265
5.600%, 03/01/28		642,000		650,521
NRG Energy
2.450%, 12/02/27		738,000		659,142
PPL Electric Utilities
5.000%, 05/15/33		107,000		106,332
Vistra Operations
4.300%, 07/15/29		432,000		402,638
3.700%, 01/30/27		267,000		252,544

The accompanying notes are an integral part of the financial statements.

113

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

CORPORATE OBLIGATIONS — continued
	Shares		Value
UTILITIES — continued
Wisconsin Power and Light
3.950%, 09/01/32	$	470,000	$	433,621
				3,882,210

Total Corporate Obligations
(Cost $148,822,713)				146,894,153
SOVEREIGN DEBT — 26.0%

AUSTRIA — 0.5%
Republic of Austria Government Bond
2.900%, 02/20/33		330,000		357,406
0.700%, 04/20/71		906,000		436,457
0.250%, 10/20/36		886,000		680,061
				1,473,924
CANADA — 2.9%
Canada Housing Trust No. 1
4.150%, 06/15/33		16,000		12,034
1.600%, 12/15/31		3,585,000		2,247,232
Canadian Government Bond
2.500%, 12/01/32		2,025,000		1,379,519
Province of British Columbia Canada
4.800%, 11/15/28		802,000		808,090
Province of Ontario Canada
3.600%, 03/08/28		1,225,000		890,794
3.100%, 05/19/27		938,000		895,517
2.550%, 12/02/52		1,922,000		1,019,680
Province of Quebec Canada
4.400%, 12/01/55		1,349,000		1,022,453
3.625%, 04/13/28		917,000		884,053
				9,159,372
CHILE — 0.4%
Chile Government International Bond
1.250%, 01/22/51		457,000		267,100
0.100%, 01/26/27		907,000		885,669
				1,152,769
FRANCE — 4.0%
Action Logement Services MTN
0.375%, 10/05/31		1,500,000		1,322,991

The accompanying notes are an integral part of the financial statements.

114

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
FEBRUARY 29, 2024 (UNAUDITED)

SOVEREIGN DEBT — continued
	Shares		Value
French Republic Government Bond OAT
3.500%, 11/25/33	$	8,000	$	9,089
3.000%, 05/25/33		6,000		6,563
2.500%, 05/25/43		4,000		3,861
–%, 05/25/32⁽¹⁾		12,960,000		11,173,076
				12,515,580
GERMANY — 2.5%
Bundesobligation
2.400%, 10/19/28		1,000		1,077
Bundesrepublik Deutschland Bundesanleihe
2.600%, 08/15/33		1,000		1,100
2.400%, 11/15/30		7,000		7,572
2.100%, 11/15/29		1,477,000		1,570,804
1.000%, 05/15/38		3,660,000		3,232,473
–%, 11/15/28⁽¹⁾		2,063,000		1,919,369
State of North Rhine-Westphalia Germany MTN
3.400%, 03/07/73		72,000		82,753
2.900%, 01/15/53		965,000		981,694
				7,796,842
HONG KONG — 0.1%
Hong Kong Government International Bond MTN
1.375%, 02/02/31		200,000		163,441

HUNGARY — 0.1%
Hungary Government International Bond
5.250%, 06/16/29		200,000		196,094

INDONESIA — 0.1%
Indonesia Government International Bond
4.550%, 01/11/28		200,000		196,513
1.850%, 03/12/31		200,000		161,758
				358,271
ISRAEL — 0.2%
Israel Government International Bond MTN
6.500%, 11/06/31		568,000		597,309

ITALY — 3.2%
Italy Buoni Poliennali Del Tesoro
4.000%, 04/30/35		139,000		152,109

The accompanying notes are an integral part of the financial statements.

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SOVEREIGN DEBT — continued
	Shares		Value
3.850%, 12/15/29	$	3,000	$	3,314
2.150%, 03/01/72		1,395,000		906,487
0.450%, 02/15/29		9,520,000		8,953,681
				10,015,591
JAPAN — 6.7%
Japan Bank for International Cooperation
3.875%, 09/16/25		240,000		235,525
Japan Government Five Year Bond
0.100%, 03/20/28		6,850,000		45,336
Japan Government Forty Year Bond
1.300%, 03/20/63		408,450,000		2,320,825
Japan Government Ten Year Bond
0.800%, 09/20/33		1,950,000		13,144
0.400%, 06/20/33		156,800,000		1,021,449
0.200%, 06/20/32		1,312,900,000		8,487,052
Japan Government Thirty Year Bond
0.700%, 03/20/51		116,150,000		611,662
Japan Government Twenty Year Bond
0.500%, 03/20/41		1,262,050,000		7,397,455
0.400%, 06/20/41		107,550,000		616,547
				20,748,995
MEXICO — 0.1%
Mexico Government International Bond
5.400%, 02/09/28		207,000		207,558

ROMANIA — 0.1%
Romanian Government International Bond
3.625%, 03/27/32		488,000		411,770

SAUDI ARABIA — 0.1%
Saudi Government International Bond MTN
4.750%, 01/18/28		430,000		426,342

The accompanying notes are an integral part of the financial statements.

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SOVEREIGN DEBT — continued

	Shares		Value
SOUTH KOREA — 0.2%
Korea Development Bank
4.000%, 09/08/25	$	639,000	$	627,743
SPAIN — 1.2%
Spain Government Bond
3.150%, 04/30/33		8,000		8,609
1.450%, 10/31/71		1,000		523
1.000%, 07/30/42		5,231,000		3,652,586
				3,661,718
SUPRANATIONAL — 1.6%
European Financial Stability Facility
2.750%, 08/17/26		1,255,000		1,346,983
European Union MTN
2.750%, 10/05/26		2,767,000		2,971,836
0.700%, 07/06/51		1,056,000		621,370
				4,940,189
UNITED KINGDOM — 2.0%
United Kingdom Gilt
4.500%, 06/07/28		8,000		10,235
3.750%, 01/29/38		9,000		10,652
1.250%, 07/31/51		9,000		5,565
1.125%, 01/31/39		8,833,000		6,041,361
1.000%, 01/31/32		7,000		7,040
0.875%, 01/31/46		282,000		176,739
0.500%, 01/31/29		5,000		5,323
				6,256,915
Total Sovereign Debt
(Cost $81,551,265)				80,710,423
MORTGAGE-BACKED SECURITIES — 12.9%

Agency Mortgage Backed Obligations — 12.9%
FHLMC
2.500%, 01/01/52		1,228,983		1,017,348
FHLMC Multifamily Structured Pass Through Certificates, Ser K102, Cl A1
2.184%, 05/25/29		446,403		414,170
FHLMC Multifamily Structured Pass Through Certificates, Ser K122, Cl A1
0.863%, 05/25/30		641,936		561,108

The accompanying notes are an integral part of the financial statements.

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MORTGAGE-BACKED SECURITIES — continued
	Shares		Value
Agency Mortgage Backed Obligations — continued
FHLMC Multifamily Structured Pass Through Certificates, Ser K126, Cl A1
1.319%, 10/25/30	$	308,592	$	277,212
FHLMC Multifamily Structured Pass Through Certificates, Ser K747, Cl AM
1.752%, 12/25/28(A)		1,500,000		1,308,686
FNMA
7.000%, 12/01/53		442,431		454,245
6.500%, 01/01/53		946,442		963,381
6.000%, 08/01/53		1,417,576		1,424,460
5.500%, 12/01/52		1,826,359		1,809,804
5.000%, 10/01/52		1,734,872		1,683,927
4.500%, 08/01/53		2,111,873		1,999,640
4.000%, 11/01/52		1,914,030		1,761,714
3.500%, 12/01/52		1,922,885		1,711,942
3.000%, 06/01/52		3,779,827		3,237,304
2.500%, 05/01/52		3,767,468		3,155,043
2.000%, 03/01/52		10,156,289		8,140,318
1.500%, 12/01/36		1,159,295		940,031
GNMA
5.500%, 09/20/53		1,383,760		1,375,041
5.000%, 07/20/53		1,378,402		1,346,598
4.500%, 04/20/53		1,360,405		1,299,269
4.000%, 06/20/52		1,272,258		1,184,152
3.500%, 05/20/52		1,158,974		1,048,334
3.000%, 08/20/51		1,814,035		1,592,722
2.500%, 08/20/51		1,529,334		1,294,955

Total Mortgage-Backed Securities
(Cost $40,690,174)				40,001,404
U.S. TREASURY OBLIGATIONS — 10.5%

U.S. Treasury Bonds
3.250%, 05/15/42		5,000		4,205
2.375%, 02/15/42		1,000		735
2.000%, 11/15/41		631,000		436,869
1.875%, 02/15/51		15,998,000		9,576,928
1.750%, 08/15/41		15,889,000		10,581,701
				20,600,438

U.S. Treasury Notes
3.500%, 02/15/33		1,080,000		1,018,786

The accompanying notes are an integral part of the financial statements.

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U.S. TREASURY OBLIGATIONS — continued
	Shares		Value
3.375%, 05/15/33	$	4,696,000	$	4,380,854
1.875%, 02/15/32		3,720,000		3,123,783
1.750%, 01/31/29		100,000		88,898
1.375%, 12/31/28		910,000		795,717
1.125%, 08/31/28		2,880,000		2,509,425
1.000%, 07/31/28		230,000		199,741
				12,117,204

Total U.S. Treasury Obligations
(Cost $32,842,330)				32,717,642
SHORT-TERM INVESTMENT — 2.1%

DWS Government Money Market Series, Institutional Shares, 5.410% (B)
(Cost $6,402,416)		6,402,416		6,402,416

Total Investments — 98.8%
(Cost $310,308,898)			$	306,726,038

A list of the open forward foreign currency contracts held by the Fund at February 29, 2024, is as follows:

Counterparty	Settlement Date		Currency to Deliver		Currency to Receive		Unrealized Appreciation (Depreciation)
Barclays PLC		03/19/24	USD	329,621	EUR	305,385	$704
BNP Paribas		03/19/24	GBP	5,546,166	USD	6,960,515	(41,236)
BNP Paribas		03/19/24	EUR	88,518,339	USD	94,837,893	(909,503)
Merrill Lynch		03/19/24	USD	1,171,885	CAD	1,579,329	(7,838)
Merrill Lynch		03/19/24	EUR	1,738,337	USD	1,867,088	(13,215)
Midland Walwyn Capital Inc.		03/19/24	USD	475,283	GBP	376,462	(19)
Midland Walwyn Capital Inc.		03/19/24	CAD	10,911,399	USD	8,054,855	12,592
Morgan Stanley		03/19/24	USD	1,847,718	JPY	276,069,304	(581)
Morgan Stanley		03/19/24	GBP	3,034,266	USD	3,833,650	3,045
Morgan Stanley		03/19/24	USD	9,142,428	EUR	8,480,410	30,554
Morgan Stanley		03/19/24	JPY	4,210,436,088	USD	28,084,039	(87,328)
							$(1,012,825)

Percentages are based on Net Assets of $310,490,509.

^‡	Real Estate Investment Trust
(1)	No Interest Rate Available.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	The rate reported is the 7-day effective yield as of February 29, 2024.

The accompanying notes are an integral part of the financial statements.

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CAD — Canadian Dollar

Cl — Class

DAC — Designated Activity Company

EUR — Euro

EUR003M — Euribor 3 Month

EUSA1 — EUR Swap Annual 1 Yr

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GBP — British Pound Sterling

GNMA — Government National Mortgage Association

H15T1Y — 5 Year US Treasury Yield Curve Constant Maturity Rate

JPY — Japanese Yen

MTN — Medium Term Note

PJSC — Public Joint-Stock Company

PLC — Public Limited Company

Pty — Proprietary

Ser — Series

SOFRRATE — Secured Overnight Financing Rate

The following is a summary of the level of inputs used as of February 29, 2024, in valuing the Fund’s investments and other financial instruments carried at value:

Investments in Securities	Level 1		Level 2			Level 3		Total
Corporate Obligations	$	–	$	146,894,153		$	–	$	146,894,153
Sovereign Debt		–		80,710,423			–		80,710,423
Mortgage-Backed Securities		–		40,001,404			–		40,001,404
U.S. Treasury Obligations		–		32,717,642			–		32,717,642
Short-Term Investment		6,402,416		–			–		6,402,416
Total Investments in Securities	$	6,402,416	$	300,323,622		$	–	$	306,726,038

Other Financial Instruments	Level 1		Level 2			Level 3		Total
Forward Foreign Currency Contracts^
Unrealized Appreciation	$	–	$	46,895		$	–	$	46,895
Unrealized Depreciation		–		(1,059,720	)		–		(1,059,720	)
Total Other Financial Instruments	$	–	$	(1,012,825	)	$	–	$	(1,012,825	)

^ Forward foreign currency contracts are valued at the unrealized appreciation (depreciation) on the instrument.

The accompanying notes are an integral part of the financial statements.

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Amounts designated as “—” are $0.

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

The accompanying notes are an integral part of the financial statements.

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SECTOR WEIGHTINGS^†

^†	Percentages are based on total investments.

SCHEDULE OF INVESTMENTS
REGISTERED INVESTMENT COMPANIES — 95.6%
	Shares		Value
EQUITY FUNDS — 95.6%
AQR Alternative Risk Premia Fund, Cl R6		32,839	$	361,553
AQR Diversified Arbitrage Fund, Cl R6 (A)		300,352		3,565,180
AQR Managed Futures Strategy Fund, Cl R6		201,725		1,771,148
AQR Style Premia Alternative Fund, Cl R6		186,983		1,432,288
Total Registered Investment Companies
(Cost $6,616,898)				7,130,169
SHORT-TERM INVESTMENT — 5.1%

DWS Government Money Market Series, Institutional Shares, 5.410% (B)
(Cost $376,267)		376,267		376,267

Total Investments — 100.7%
(Cost $6,993,165)			$	7,506,436

Percentages are based on Net Assets of $7,454,951.

(A)	Represents greater than 25% of the Fund’s total investments. For further financial information, available upon request at no charge, please go to the Securities Exchange Commission’s website at http://www.sec.gov.
(B)	The rate reported is the 7-day effective yield as of February 29, 2024.

Cl — Class

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

The accompanying notes are an integral part of the financial statements.

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Statements of Assets and Liabilities

	US Equity Fund		International Equity Fund		Global Equity Fund		Tax-Managed Global Equity Fund
Assets:
Investments, at Value ^†	$	496,010,520	$	246,494,272	$	458,419,872	$	141,197,270
Foreign Currency, at Value ^†^†		36		330,907		493,455		–
Dividends and Interest Receivable		483,895		168,789		366,456		4,783
Unrealized Appreciation on Futures Contracts		89,641		–		44,748		–
Receivable for Investment Securities Sold		34,501		–		70,754		–
Receivable for Capital Shares Sold		32,920		25,993		37,526		9,652
Reclaim Receivable		1,767		189,453		146,711		–
Cash Collateral on Futures Contracts		–		215,320		167,078		–
Prepaid Expenses		83,979		49,296		79,569		31,340
Total Assets		496,737,259		247,474,030		459,826,169		141,243,045
Liabilities:
Payable for Capital Shares Redeemed		693,164		225,551		554,754		20,412
Payable Due to Adviser		130,511		–		110,779		18,531
Shareholder Servicing Fees Payable		103,083		53,619		97,717		26,773
Payable for Investment Securities Purchased		101,201		–		90,248		–
Due to Broker for Futures		38,695		84		–		–
Custodian Fees Payable		12,897		26,553		31,505		1,734
Payable Due to Administrator		10,945		5,480		10,148		3,110
Audit Fees Payable		7,670		7,670		7,670		7,670
Transfer Agent Fees Payable		4,622		4,165		4,576		3,824
Trustees Fees Payable		2,715		2,715		2,715		2,715
Chief Compliance Officer Fees Payable		992		512		936		266
Unrealized Depreciation on Futures Contracts		–		16,286		13,492		–
Other Accrued Expenses		7,514		67,929		11,072		4,271
Total Liabilities		1,114,009		410,564		935,612		89,306
Commitments and Contingencies ^‡
Net Assets	$	495,623,250	$	247,063,466	$	458,890,557	$	141,153,739
^† Cost of Investments	$	309,381,134	$	187,118,812	$	316,784,897	$	105,396,937
^†^† Cost of Foreign Currency		–		321,573		481,679		–
Net Assets Consist of:
Paid-in Capital	$	274,066,287	$	201,019,830	$	294,623,415	$	103,365,232
Total Distributable Earnings		221,556,963		46,043,636		164,267,142		37,788,507
Net Assets	$	495,623,250	$	247,063,466	$	458,890,557	$	141,153,739

Outstanding Shares of Beneficial Interest (unlimited authorization - no par value)		33,617,507		21,148,443		34,129,734		9,626,143
Class I Shares Net Asset Value, Offering and Redemption Price Per Share	$	14.74	$	11.68	$	13.45	$	14.66

^‡ See Note 5 in the Notes to the Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

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Statements of Assets and Liabilities

	US Systematic Fixed Income Fund			Municipal Fixed Income Fund			Global Systematic Fixed Income Fund			Alternatives Fund
Assets:
Investments, at Value ^†	$	194,252,018		$	37,691,239		$	306,726,038		$	7,506,436
Foreign Currency, at Value ^†^†		–			–			8,973			–
Dividends and Interest Receivable		1,518,130			1,418			2,745,381			1,664
Receivable for Investment Securities Sold		1,052,088			–			49,305,505			–
Receivable for Capital Shares Sold		27,855			274			112,362			–
Reclaim Receivable		1,207			–			18,460			–
Unrealized Appreciation on Forward Foreign Currency Contracts		–			–			46,895			–
Receivable Due from Adviser		–			822			–			5,932
Prepaid Expenses		43,077			17,268			60,546			13,408
Total Assets		196,894,375			37,711,021			359,024,160			7,527,440
Liabilities:
Payable for Investment Securities Purchased		355,976			–			46,906,642			–
Payable for Capital Shares Redeemed		156,445			10,426			297,697			56,037
Payable Due to Adviser		42,878			–			85,513			–
Shareholder Servicing Fees Payable		38,692			7,269			66,432			1,361
Audit Fees Payable		7,670			7,670			7,670			7,670
Payable Due to Administrator		4,389			847			6,963			170
Transfer Agent Fees Payable		4,094			3,662			4,332			3,581
Trustees Fees Payable		2,715			2,715			2,715			2,715
Interest on Swaps Payable		461			–			88,455			–
Chief Compliance Officer Fees Payable		422			79			669			21
Unrealized Depreciation on Forward Foreign Currency Contracts		–			–			1,059,720			–
Other Accrued Expenses		168			882			6,843			934
Total Liabilities		613,910			33,550			48,533,651			72,489
Commitments and Contingencies ^‡
Net Assets	$	196,280,465		$	37,677,471		$	310,490,509		$	7,454,951
^† Cost of Investments	$	197,512,584		$	38,147,550		$	310,308,898		$	6,993,165
^†^† Cost of Foreign Currency		–			–			7,985			–
Net Assets Consist of:
Paid-in Capital	$	215,801,139		$	38,634,292		$	352,838,774		$	8,672,809
Total Accumulated Loss		(19,520,674	)		(956,821	)		(42,348,265	)		(1,217,858	)
Net Assets	$	196,280,465		$	37,677,471		$	310,490,509		$	7,454,951

Outstanding Shares of Beneficial Interest (unlimited authorization - no par value)		20,799,581			3,769,413			34,162,333			659,796
Class I Shares Net Asset Value, Offering and Redemption Price Per Share	$	9.44		$	10.00		$	9.09		$	11.30

^‡ See Note 5 in the Notes to the Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

124

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Statements of Operations

	US Equity Fund			International Equity Fund			Global Equity Fund			Tax-Managed Global Equity Fund
Investment Income:
Dividend Income	$	4,486,490		$	4,791,533		$	5,981,859		$	2,456,633
Less: Foreign Taxes Withheld		–			(95,375	)		(68,443	)		–
Total Investment Income		4,486,490			4,696,158			5,913,416			2,456,633

Expenses:
Investment Advisory Fees		1,354,856			884,946			1,484,929			444,501
Shareholder Servicing Fees		300,175			155,901			282,929			82,112
Administration Fees		68,341			35,071			64,043			18,974
Trustees' Fees		8,458			8,458			8,458			8,458
Chief Compliance Officer Fees		8,244			4,281			7,771			2,253
Custodian Fees		37,195			87,209			105,232			5,218
Legal Fees		36,428			18,942			34,378			9,845
Printing Fees		28,502			16,150			26,412			7,245
Transfer Agent Fees		14,341			12,908			14,156			12,005
Registration Fees		12,096			11,073			11,964			9,809
Audit Fees		9,129			9,129			9,129			9,129
Insurance and Other Expenses		21,942			22,717			30,395			11,469

Total Expenses		1,899,707			1,266,785			2,079,796			621,018
Less:
Waiver of Investment Advisory Fees		(486,067	)		(407,520	)		(639,820	)		(266,700	)
Reimbursement by Investment Adviser		(61,357	)		(39,158	)		(149,737	)		(67,310	)
Net Expenses		1,352,283			820,107			1,290,239			287,008

Net Investment Income		3,134,207			3,876,051			4,623,177			2,169,625

The accompanying notes are an integral part of the financial statements.

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Statements of Operations- continued

	US Equity Fund		International Equity Fund			Global Equity Fund			Tax-Managed Global Equity Fund
Net Realized Gain (Loss) on:
Investments	$	32,721,909	$	3,755,849		$	22,755,505		$	(385,353	)
Futures Contracts		65,122		491,952			399,161			–
Foreign Currency Transactions		–		(21,051	)		(15,242	)		–
Distributions from Registered Investment Companies		2,366,210		51,301			1,462,196			2,514,161
Net Realized Gain (Loss)		35,153,241		4,278,051			24,601,620			2,128,808
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		25,647,193		10,194,029			20,165,239			9,533,210
Futures Contracts		37,536		(10,714	)		29,643			–
Foreign Currency Transactions and Translation of other Assets and Liabilities Denominated in Foreign Currencies		–		(4,798	)		(2,784	)		–
Net Change in Unrealized Appreciation (Depreciation)		25,684,729		10,178,517			20,192,098			9,533,210
Net Realized and Unrealized Gain		60,837,970		14,456,568			44,793,718			11,662,018
Net Increase in Net Assets Resulting from Operations	$	63,972,177	$	18,332,619		$	49,416,895		$	13,831,643

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

126

SYMMETRY PANORAMIC TRUST
FEBRUARY 29, 2024 (UNAUDITED)

Statements of Operations

	US Systematic Fixed Income Fund			Municipal Fixed Income Fund			Global Systematic Fixed Income Fund			Alternatives Fund
Investment Income:
Dividend Income	$	4,136,922		$	452,418		$	9,780,663		$	749,073
Less: Foreign Taxes Withheld		(4,586	)		–			(50,284	)		–
Total Investment Income		4,132,336			452,418			9,730,379			749,073

Expenses:
Investment Advisory Fees		468,138			91,789			855,372			66,508
Shareholder Servicing Fees		128,825			23,699			203,427			6,702
Administration Fees		28,859			5,418			45,632			1,430
Trustees' Fees		8,458			8,458			8,458			8,458
Chief Compliance Officer Fees		3,558			659			5,616			–
Legal Fees		15,721			2,907			24,793			798
Printing Fees		13,679			2,580			19,519			894
Transfer Agent Fees		12,656			11,460			13,335			11,226
Registration Fees		11,153			8,870			11,461			10,862
Audit Fees		9,129			9,129			9,129			9,129
Custodian Fees		8,558			1,561			13,475			230
Insurance and Other Expenses		12,862			9,459			15,216			9,595

Total Expenses		721,596			175,989			1,225,433			125,832
Less:
Waiver of Investment Advisory Fees		(184,217	)		(42,965	)		(395,469	)		(51,041	)
Reimbursement by Investment Adviser		(75,318	)		(52,919	)		(50,569	)		(48,613	)
Net Expenses		462,061			80,105			779,395			26,178

Net Investment Income		3,670,275			372,313			8,950,984			722,895

The accompanying notes are an integral part of the financial statements.

127

SYMMETRY PANORAMIC TRUST
FEBRUARY 29, 2024 (UNAUDITED)

Statements of Operations- continued

	US Systematic Fixed Income Fund			Municipal Fixed Income Fund			Global Systematic Fixed Income Fund			Alternatives Fund
Net Realized Gain (Loss) on:
Investments	$	(12,890,708	)	$	(181,710	)	$	(38,436,081	)	$	89,681
Futures Contracts		–			–			(85,497	)		–
Foreign Currency Transactions		–			–			4,041,251			–
Net Realized Gain (Loss)		(12,890,708	)		(181,710	)		(34,480,327	)		89,681
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		12,671,314			714,808			35,049,968			(298,052	)
Foreign Currency Transactions and Translation of other Assets and Liabilities Denominated in Foreign Currencies		–			–			(1,024,957	)		–
Net Change in Unrealized Appreciation (Depreciation)		12,671,314			714,808			34,025,011			(298,052	)
Net Realized and Unrealized Gain (Loss)		(219,394	)		533,098			(455,316	)		(208,371	)
Net Increase in Net Assets Resulting from Operations	$	3,450,881		$	905,411		$	8,495,668		$	514,524

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

128

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	US Equity Fund
	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023
Operations:
Net Investment Income	$	3,134,207		$	7,338,449
Net Realized Gain		35,153,241			12,598,021
Net Change in Unrealized Appreciation		25,684,729			32,609,678
Net Increase in Net Assets Resulting from Operations		63,972,177			52,546,148

Distributions		(20,162,680	)		(19,231,435	)

Capital Share Transactions:
Class I Shares:
Issued		15,540,650			67,822,988
Reinvestment of Distributions		20,162,680			19,231,434
Redeemed		(113,506,674	)		(114,774,872	)
Net Class I Share Transactions		(77,803,344	)		(27,720,450	)
Net Decrease in Net Assets from Share Transactions		(77,803,344	)		(27,720,450	)
Total Increase (Decrease) in Net Assets		(33,993,847	)		5,594,263

Net Assets:
Beginning of Period/Year		529,617,097			524,022,834
End of Period/Year	$	495,623,250		$	529,617,097

Share Transactions:
Class I Shares:
Issued		1,148,125			5,363,487
Reinvestment of Distributions		1,448,181			1,572,441
Redeemed		(8,350,500	)		(9,003,591	)
Net Decrease in Shares Outstanding from Share Transactions		(5,754,194	)		(2,067,663	)

The accompanying notes are an integral part of the financial statements.

129

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	International Equity Fund
	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023
Operations:
Net Investment Income	$	3,876,051		$	7,330,267
Net Realized Gain (Loss)		4,278,051			(3,562,852	)
Net Change in Unrealized Appreciation		10,178,517			23,346,921
Net Increase in Net Assets Resulting from Operations		18,332,619			27,114,336

Distributions		(9,010,866	)		(6,397,783	)

Capital Share Transactions:
Class I Shares:
Issued		9,005,432			36,698,445
Reinvestment of Distributions		9,010,866			6,397,782
Redeemed		(52,441,413	)		(56,430,612	)
Net Class I Share Transactions		(34,425,115	)		(13,334,385	)
Net Decrease in Net Assets from Share Transactions		(34,425,115	)		(13,334,385	)
Total Increase (Decrease) in Net Assets		(25,103,362	)		7,382,168

Net Assets:
Beginning of Period/Year		272,166,828			264,784,660
End of Period/Year	$	247,063,466		$	272,166,828

Share Transactions:
Class I Shares:
Issued		800,957			3,404,507
Reinvestment of Distributions		784,236			613,991
Redeemed		(4,669,327	)		(5,214,799	)
Net Decrease in Shares Outstanding from Share Transactions		(3,084,134	)		(1,196,301	)

The accompanying notes are an integral part of the financial statements.

130

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	Global Equity Fund
	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023
Operations:
Net Investment Income	$	4,623,177		$	9,870,367
Net Realized Gain		24,601,620			4,992,316
Net Change in Unrealized Appreciation		20,192,098			32,941,373
Net Increase in Net Assets Resulting from Operations		49,416,895			47,804,056

Distributions		(17,396,178	)		(17,429,029	)

Capital Share Transactions:
Class I Shares:
Issued		14,154,655			62,326,832
Reinvestment of Distributions		17,396,178			17,429,029
Redeemed		(103,195,948	)		(110,018,877	)
Net Class I Share Transactions		(71,645,115	)		(30,263,016	)
Net Decrease in Net Assets from Share Transactions		(71,645,115	)		(30,263,016	)
Total Increase (Decrease) in Net Assets		(39,624,398	)		112,011

Net Assets:
Beginning of Period/Year		498,514,955			498,402,944
End of Period/Year	$	458,890,557		$	498,514,955

Share Transactions:
Class I Shares:
Issued		1,125,579			5,225,995
Reinvestment of Distributions		1,346,753			1,510,249
Redeemed		(8,204,599	)		(9,190,783	)
Net Decrease in Shares Outstanding from Share Transactions		(5,732,267	)		(2,454,539	)

The accompanying notes are an integral part of the financial statements.

131

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	Tax-Managed Global Equity Fund
	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023
Operations:
Net Investment Income	$	2,169,625		$	2,374,385
Net Realized Gain		2,128,808			173,480
Net Change in Unrealized Appreciation		9,533,210			12,486,108
Net Increase in Net Assets Resulting from Operations		13,831,643			15,033,973

Distributions		(3,049,679	)		(2,151,138	)

Capital Share Transactions:
Class I Shares:
Issued		9,827,613			34,733,767
Reinvestment of Distributions		3,049,679			2,151,137
Redeemed		(21,476,237	)		(32,379,075	)
Net Class I Share Transactions		(8,598,945	)		4,505,829
Net Increase (Decrease) in Net Assets from Share Transactions		(8,598,945	)		4,505,829
Total Increase in Net Assets		2,183,019			17,388,664

Net Assets:
Beginning of Period/Year		138,970,720			121,582,056
End of Period/Year	$	141,153,739		$	138,970,720

Share Transactions:
Class I Shares:
Issued		727,075			2,754,399
Reinvestment of Distributions		215,206			175,746
Redeemed		(1,564,370	)		(2,542,328	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(622,089	)		387,817

The accompanying notes are an integral part of the financial statements.

132

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	US Systematic Fixed Income Fund
	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023
Operations:
Net Investment Income	$	3,670,275		$	5,089,990
Net Realized Loss		(12,890,708	)		(2,413,835	)
Net Change in Unrealized Appreciation (Depreciation)		12,671,314			(3,290,801	)
Net Increase (Decrease) in Net Assets Resulting from Operations		3,450,881			(614,646	)

Distributions		(3,643,605	)		(5,090,220	)

Capital Share Transactions:
Class I Shares:
Issued		11,034,084			46,864,599
Reinvestment of Distributions		3,643,605			5,089,799
Redeemed		(42,332,352	)		(74,836,772	)
Net Class I Share Transactions		(27,654,663	)		(22,882,374	)
Net Decrease in Net Assets from Share Transactions		(27,654,663	)		(22,882,374	)
Total Decrease in Net Assets		(27,847,387	)		(28,587,240	)

Net Assets:
Beginning of Period/Year		224,127,852			252,715,092
End of Period/Year	$	196,280,465		$	224,127,852

Share Transactions:
Class I Shares:
Issued		1,168,959			4,923,441
Reinvestment of Distributions		385,500			536,361
Redeemed		(4,492,236	)		(7,866,514	)
Net Decrease in Shares Outstanding from Share Transactions		(2,937,777	)		(2,406,712	)

The accompanying notes are an integral part of the financial statements.

133

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	Municipal Fixed Income Fund
	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023
Operations:
Net Investment Income	$	372,313		$	552,616
Net Realized Loss		(181,710	)		(269,663	)
Net Change in Unrealized Appreciation		714,808			256,143
Net Increase in Net Assets Resulting from Operations		905,411			539,096

Distributions		(372,394	)		(552,474	)

Capital Share Transactions:
Class I Shares:
Issued		5,202,237			14,828,693
Reinvestment of Distributions		372,394			552,474
Redeemed		(8,370,847	)		(15,979,172	)
Net Class I Share Transactions		(2,796,216	)		(598,005	)
Net Decrease in Net Assets from Share Transactions		(2,796,216	)		(598,005	)
Total Decrease in Net Assets		(2,263,199	)		(611,383	)

Net Assets:
Beginning of Period/Year		39,940,670			40,552,053
End of Period/Year	$	37,677,471		$	39,940,670

Share Transactions:
Class I Shares:
Issued		526,078			1,501,208
Reinvestment of Distributions		37,572			55,940
Redeemed		(843,768	)		(1,617,613	)
Net Decrease in Shares Outstanding from Share Transactions		(280,118	)		(60,465	)

The accompanying notes are an integral part of the financial statements.

134

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	Global Systematic Fixed Income Fund
	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023
Operations:
Net Investment Income	$	8,950,984		$	7,298,622
Net Realized Loss		(34,480,327	)		(2,594,911	)
Net Change in Unrealized Appreciation (Depreciation)		34,025,011			(5,965,917	)
Net Increase (Decrease) in Net Assets Resulting from Operations		8,495,668			(1,262,206	)

Distributions		(8,931,238	)		(7,299,595	)

Capital Share Transactions:
Class I Shares:
Issued		18,181,769			58,510,649
Reinvestment of Distributions		8,931,238			7,299,528
Redeemed		(71,143,824	)		(76,263,900	)
Net Class I Share Transactions		(44,030,817	)		(10,453,723	)
Net Decrease in Net Assets from Share Transactions		(44,030,817	)		(10,453,723	)
Total Decrease in Net Assets		(44,466,387	)		(19,015,524	)

Net Assets:
Beginning of Period/Year		354,956,896			373,972,420
End of Period/Year	$	310,490,509		$	354,956,896

Share Transactions:
Class I Shares:
Issued		1,996,085			6,403,132
Reinvestment of Distributions		975,260			802,728
Redeemed		(7,851,966	)		(8,359,572	)
Net Decrease in Shares Outstanding from Share Transactions		(4,880,621	)		(1,153,712	)

The accompanying notes are an integral part of the financial statements.

135

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	Alternatives Fund
	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023
Operations:
Net Investment Income	$	722,895		$	2,189,807
Net Realized Gain (Loss)		89,681			(1,774,990	)
Net Change in Unrealized Appreciation (Depreciation)		(298,052	)		205,115
Net Increase in Net Assets Resulting from Operations		514,524			619,932

Distributions		(667,015	)		(2,255,407	)

Capital Share Transactions:
Class I Shares:
Issued		428,333			21,128,771
Reinvestment of Distributions		667,015			2,255,407
Redeemed		(4,449,054	)		(33,901,575	)
Net Class I Share Transactions		(3,353,706	)		(10,517,397	)
Net Decrease in Net Assets from Share Transactions		(3,353,706	)		(10,517,397	)
Total Decrease in Net Assets		(3,506,197	)		(12,152,872	)

Net Assets:
Beginning of Period/Year		10,961,148			23,114,020
End of Period/Year	$	7,454,951		$	10,961,148

Share Transactions:
Class I Shares:
Issued		37,327			1,830,741
Reinvestment of Distributions		61,590			205,223
Redeemed		(401,015	)		(3,093,180	)
Net Decrease in Shares Outstanding from Share Transactions		(302,098	)		(1,057,216	)

The accompanying notes are an integral part of the financial statements.

136

SYMMETRY PANORAMIC US EQUITY FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020			Period Ended August 31, 2019^*
Net Asset Value, Beginning of Year/Period	$	13.45		$	12.65		$	14.91		$	11.07		$	10.58		$	10.00
Income from Operations:
Net Investment Income⁽¹⁾		0.09			0.18			0.14			0.12			0.12			0.11
Net Realized and Unrealized Gain (Loss)		1.77			1.09			(1.38	)		3.86			0.59			0.51
Total from Operations		1.86			1.27			(1.24	)		3.98			0.71			0.62
Dividends and Distributions:
Net Investment Income		(0.19	)		(0.15	)		(0.11	)		(0.14	)		(0.12	)		(0.04	)
Net Realized Gain		(0.38	)		(0.32	)		(0.91	)		—			(0.10	)		—
Total Dividends and Distributions		(0.57	)		(0.47	)		(1.02	)		(0.14	)		(0.22	)		(0.04	)
Net Asset Value, End of Year/Period	$	14.74		$	13.45		$	12.65		$	14.91		$	11.07		$	10.58
Total Return^†		14.12	%		10.48	%		(9.04	)%		36.19	%		6.73	%		6.26	%
Ratios and Supplemental Data
Net Assets, End of Year/Period (Thousands)	$	495,623		$	529,617		$	524,023		$	636,244		$	556,161		$	506,766
Ratio of Expenses to Average Net Assets⁽²⁾		0.55	%^**		0.55	%		0.55	%		0.54	%^‡		0.48	%		0.48	%^**
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		0.77	%^**		0.77	%		0.77	%		0.77	%		0.76	%		0.82	%^**
Ratio of Net Investment Income to Average Net Assets^{(2) (3)}		1.27	%^**		1.41	%		1.02	%		0.96	%		1.15	%		1.32	%^**
Portfolio Turnover Rate		18	%^***		35	%		26	%		65	%		83	%		22	%^***

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income (loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.
(3)	Recognition of net investment income (loss) by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
*	Commenced operations on November 12, 2018.
**	Annualized.
***	Not Annualized.
^†	Total return is for the period indicated and has not been annualized. Total return would have been lower had certain expenses not been waived and assumed by the Adviser during the period. Return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
^‡	Ratio includes previously waived advisory fees recaptured. The net expense ratio would have been lower absent the impact of the recaptured fees.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

137

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020			Period Ended August 31, 2019^*
Net Asset Value, Beginning of Year/Period	$	11.23		$	10.41		$	13.04		$	10.33		$	10.19		$	10.00
Income from Operations:
Net Investment Income⁽¹⁾		0.17			0.29			0.35			0.16			0.25			0.23
Net Realized and Unrealized Gain (Loss)		0.70			0.79			(2.68	)		2.69			0.22			0.06
Total from Operations		0.87			1.08			(2.33	)		2.85			0.47			0.29
Dividends and Distributions:
Net Investment Income		(0.42	)		(0.26	)		(0.30	)		(0.14	)		(0.33	)		(0.10	)
Total Dividends and Distributions		(0.42	)		(0.26	)		(0.30	)		(0.14	)		(0.33	)		(0.10	)
Net Asset Value, End of Year/Period	$	11.68		$	11.23		$	10.41		$	13.04		$	10.33		$	10.19
Total Return^†		7.78	%		10.52	%		(18.28	)%		27.78	%		4.38	%		2.93	%
Ratios and Supplemental Data
Net Assets, End of Year/Period (Thousands)	$	247,063		$	272,167		$	264,785		$	325,683		$	291,001		$	264,900
Ratio of Expenses to Average Net Assets⁽²⁾		0.65	%^**		0.65	%		0.65	%		0.65	%^‡		0.65	%		0.65	%^**
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		1.00	%^**		0.98	%		0.97	%		0.96	%		1.00	%		1.04	%^**
Ratio of Net Investment Income to Average Net Assets^{(2) (3)}		3.07	%^**		2.70	%		2.96	%		1.31	%		2.51	%		2.72	%^**
Portfolio Turnover Rate		17	%^***		40	%		35	%		28	%		88	%		24	%^***

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income (loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.
(3)	Recognition of net investment income (loss) by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
*	Commenced operations on November 12, 2018.
**	Annualized.
***	Not Annualized.
^†	Total return is for the period indicated and has not been annualized. Total return would have been lower had certain expenses not been waived and assumed by the Adviser during the period. Return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
^‡	Ratio includes previously waived advisory fees recaptured. The net expense ratio would have been lower absent the impact of the recaptured fees.

The accompanying notes are an integral part of the financial statements.

138

SYMMETRY PANORAMIC GLOBAL EQUITY FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020			Period Ended August 31, 2019^*
Net Asset Value, Beginning of Year/Period	$	12.51		$	11.78		$	14.15		$	10.80		$	10.43		$	10.00
Income from Operations:
Net Investment Income⁽¹⁾		0.13			0.24			0.25			0.14			0.17			0.16
Net Realized and Unrealized Gain (Loss)		1.30			0.90			(1.95	)		3.35			0.46			0.33
Total from Operations		1.43			1.14			(1.70	)		3.49			0.63			0.49
Dividends and Distributions:
Net Investment Income		(0.30	)		(0.20	)		(0.20	)		(0.14	)		(0.21	)		(0.06	)
Net Realized Gain		(0.19	)		(0.21	)		(0.47	)		—			(0.05	)		—
Total Dividends and Distributions		(0.49	)		(0.41	)		(0.67	)		(0.14	)		(0.26	)		(0.06	)
Net Asset Value, End of Year/Period	$	13.45		$	12.51		$	11.78		$	14.15		$	10.80		$	10.43
Total Return^†		11.62	%		10.09	%		(12.63	)%		32.59	%		5.97	%		4.99	%
Ratios and Supplemental Data
Net Assets, End of Year/Period (Thousands)	$	458,891		$	498,515		$	498,403		$	606,741		$	543,288		$	507,434
Ratio of Expenses to Average Net Assets⁽²⁾		0.56	%^**		0.56	%		0.56	%		0.56	%^‡		0.52	%		0.52	%^**
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		0.90	%^**		0.89	%		0.87	%		0.87	%		0.88	%		0.93	%^**
Ratio of Net Investment Income to Average Net Assets^{(2) (3)}		2.01	%^**		1.98	%		1.88	%		1.13	%		1.70	%		1.92	%^**
Portfolio Turnover Rate		18	%^***		35	%		32	%		52	%		86	%		23	%^***

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income (loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.
(3)	Recognition of net investment income (loss) by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
*	Commenced operations on November 12, 2018.
**	Annualized.
***	Not Annualized.
^†	Total return is for the period indicated and has not been annualized. Total return would have been lower had certain expenses not been waived and assumed by the Adviser during the period. Return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
^‡	Ratio includes previously waived advisory fees recaptured. The net expense ratio would have been lower absent the impact of the recaptured fees.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

139

SYMMETRY PANORAMIC TAX-MANAGED GLOBAL EQUITY FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020			Period Ended August 31, 2019^*
Net Asset Value, Beginning of Year/Period	$	13.56		$	12.33		$	14.44		$	11.05		$	10.49		$	10.00
Income from Operations:
Net Investment Income⁽¹⁾		0.22			0.23			0.28			0.16			0.13			0.08
Net Realized and Unrealized Gain (Loss)		1.19			1.22			(2.16	)		3.38			0.57			0.44
Total from Operations		1.41			1.45			(1.88	)		3.54			0.70			0.52
Dividends and Distributions:
Net Investment Income		(0.29	)		(0.22	)		(0.23	)		(0.15	)		(0.14	)		(0.03	)
Net Realized Gain		(0.02	)		—			—			—			—			—
Total Dividends and Distributions		(0.31	)		(0.22	)		(0.23	)		(0.15	)		(0.14	)		(0.03	)
Net Asset Value, End of Year/Period	$	14.66		$	13.56		$	12.33		$	14.44		$	11.05		$	10.49
Total Return^†		10.46	%		11.91	%		(13.28	)%		32.28	%		6.64	%		5.20	%
Ratios and Supplemental Data
Net Assets, End of Year/Period (Thousands)	$	141,154		$	138,971		$	121,582		$	123,670		$	84,458		$	27,235
Ratio of Expenses to Average Net Assets⁽²⁾⁽³⁾		0.42	%^**		0.42	%		0.42	%		0.42	%		0.42	%		0.42	%^**
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		0.91	%^**		0.91	%		0.91	%		0.92	%		0.99	%		1.72	%^**
Ratio of Net Investment Income to Average Net Assets^{(2)(3) (4)}		3.18	%^**		1.82	%		2.08	%		1.21	%		1.26	%		0.98	%^**
Portfolio Turnover Rate		3	%^***		12	%		7	%		39	%		65	%		11	%^***

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income (loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.
(3)	The interest expense has a 0.00% effect on the ratio of expenses to average net assets.
(4)	Recognition of net investment income (loss) by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
*	Commenced operations on November 12, 2018.
**	Annualized.
***	Not Annualized.
^†	Total return is for the period indicated and has not been annualized. Total return would have been lower had certain expenses not been waived and assumed by the Adviser during the period. Return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

140

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020			Period Ended August 31, 2019^*
Net Asset Value, Beginning of Year/Period	$	9.44		$	9.67		$	10.76		$	10.93		$	10.61		$	10.00
Income from Operations:
Net Investment Income⁽¹⁾		0.17			0.21			0.13			0.14			0.20			0.18
Net Realized and Unrealized Gain (Loss)		—			(0.23	)		(1.09	)		(0.15	)		0.33			0.59
Total from Operations		0.17			(0.02	)		(0.96	)		(0.01	)		0.53			0.77
Dividends and Distributions:
Net Investment Income		(0.17	)		(0.21	)		(0.12	)		(0.14	)		(0.20	)		(0.16	)
Net Realized Gain		—			—			(0.01	)		(0.02	)		(0.01	)		—
Total Dividends and Distributions		(0.17	)		(0.21	)		(0.13	)		(0.16	)		(0.21	)		(0.16	)
Net Asset Value, End of Year/Period	$	9.44		$	9.44		$	9.67		$	10.76		$	10.93		$	10.61
Total Return^†		1.79	%		(0.22	)%		(8.97	)%		(0.13	)%		5.02	%		7.75	%
Ratios and Supplemental Data
Net Assets, End of Year/Period (Thousands)	$	196,280		$	224,128		$	252,715		$	258,928		$	257,446		$	201,574
Ratio of Expenses to Average Net Assets⁽²⁾		0.44	%^**		0.41	%		0.41	%		0.41	%		0.41	%		0.41	%^**
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		0.69	%^**		0.69	%		0.68	%		0.69	%		0.68	%		0.75	%^**
Ratio of Net Investment Income to Average Net Assets^{(2) (3)}		3.53	%^**		2.16	%		1.23	%		1.27	%		1.84	%		2.15	%^**
Portfolio Turnover Rate		187	%^***		2	%		56	%		6	%		10	%		16	%^***

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income (loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.
(3)	Recognition of net investment income (loss) by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
*	Commenced operations on November 12, 2018.
**	Annualized.
***	Not Annualized.
^†	Total return is for the period indicated and has not been annualized. Total return would have been lower had certain expenses not been waived and assumed by the Adviser during the period. Return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

141

SYMMETRY PANORAMIC MUNICIPAL FIXED INCOME FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020			Period Ended August 31, 2019^*
Net Asset Value, Beginning of Year/Period	$	9.86		$	9.87		$	10.27		$	10.30		$	10.23		$	10.00
Income from Operations:
Net Investment Income⁽¹⁾		0.09			0.13			0.04			0.04			0.08			0.09
Net Realized and Unrealized Gain (Loss)		0.14			(0.01	)		(0.40	)		(0.03	)		0.07			0.22
Total from Operations		0.23			0.12			(0.36	)		0.01			0.15			0.31
Dividends and Distributions:
Net Investment Income		(0.09	)		(0.13	)		(0.04	)		(0.04	)		(0.08	)		(0.08	)
Total Dividends and Distributions		(0.09	)		(0.13	)		(0.04	)		(0.04	)		(0.08	)		(0.08	)
Net Asset Value, End of Year/Period	$	10.00		$	9.86		$	9.87		$	10.27		$	10.30		$	10.23
Total Return^†		2.39	%		1.25	%		(3.54	)%		0.10	%		1.51	%		3.10	%
Ratios and Supplemental Data
Net Assets, End of Year/Period (Thousands)	$	37,677		$	39,941		$	40,552		$	38,365		$	26,837		$	8,643
Ratio of Expenses to Average Net Assets⁽²⁾⁽³⁾		0.41	%^**		0.41	%		0.41	%		0.41	%		0.41	%		0.41	%^**
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		0.90	%^**		0.90	%		0.88	%		0.94	%		1.06	%		3.23	%^**
Ratio of Net Investment Income to Average Net Assets^{(2)(3) (4)}		1.91	%^**		1.35	%		0.37	%		0.39	%		0.82	%		1.10	%^**
Portfolio Turnover Rate		5	%^***		18	%		5	%		8	%		8	%		9	%^***

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income (loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.
(3)	The interest expense has a 0.00% effect on the ratio of expenses to average net assets.
(4)	Recognition of net investment income (loss) by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
*	Commenced operations on November 12, 2018.
**	Annualized.
***	Not Annualized.
^†	Total return is for the period indicated and has not been annualized. Total return would have been lower had certain expenses not been waived and assumed by the Adviser during the period. Return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

The accompanying notes are an integral part of the financial statements.

142

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020			Period Ended August 31, 2019^*
Net Asset Value, Beginning of Year/Period	$	9.09		$	9.30		$	10.76		$	10.88		$	10.82		$	10.00
Income from Operations:
Net Investment Income⁽¹⁾		0.25			0.18			0.20			0.10			0.24			0.23
Net Realized and Unrealized Gain (Loss)		—			(0.21	)		(1.44	)		(0.09	)		0.09			0.81
Total from Operations		0.25			(0.03	)		(1.24	)		0.01			0.33			1.04
Dividends and Distributions:
Net Investment Income		(0.25	)		(0.18	)		(0.20	)		(0.10	)		(0.25	)		(0.22	)
Net Realized Gain		—			—			(0.02	)		(0.03	)		(0.02	)		—
Total Dividends and Distributions		(0.25	)		(0.18	)		(0.22	)		(0.13	)		(0.27	)		(0.22	)
Net Asset Value, End of Year/Period	$	9.09		$	9.09		$	9.30		$	10.76		$	10.88		$	10.82
Total Return^†		2.77	%		(0.26	)%		(11.66	)%		0.06	%		3.16	%		10.58	%
Ratios and Supplemental Data
Net Assets, End of Year/Period (Thousands)	$	310,491		$	354,957		$	373,972		$	403,035		$	402,557		$	368,586
Ratio of Expenses to Average Net Assets⁽²⁾		0.47	%^**		0.43	%		0.43	%		0.43	%		0.43	%		0.43	%^**
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		0.75	%^**		0.74	%		0.74	%		0.74	%		0.74	%		0.79	%^**
Ratio of Net Investment Income to Average Net Assets^{(2) (3)}		5.45	%^**		2.01	%		2.00	%		0.93	%		2.26	%		2.75	%^**
Portfolio Turnover Rate		207	%^***		2	%		9	%		6	%		13	%		7	%^***

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income (loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.
(3)	Recognition of net investment income (loss) by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
*	Commenced operations on November 12, 2018.
**	Annualized.
***	Not Annualized.
^†	Total return is for the period indicated and has not been annualized. Total return would have been lower had certain expenses not been waived and assumed by the Adviser during the period. Return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

143

SYMMETRY PANORAMIC ALTERNATIVES FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Six Months Ended February 29, 2024 (Unaudited)			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020			Period Ended August 31, 2019^*
Net Asset Value, Beginning of Year/Period	$	11.40		$	11.45		$	10.45		$	9.41		$	10.00		$	10.00
Income from Operations:
Net Investment Income⁽¹⁾		0.80			0.96			0.01			0.20			0.16			0.03
Net Realized and Unrealized Gain (Loss)		(0.19	)		(0.33	)		1.20			0.84			(0.57	)		0.20
Total from Operations		0.61			0.63			1.21			1.04			(0.41	)		0.23
Dividends and Distributions:
Net Investment Income		(0.71	)		(0.68	)		(0.21	)		—			(0.17	)		(0.23	)
Return of Capital		—			—			—			—			(0.01	)		—
Total Dividends and Distributions		(0.71	)		(0.68	)		(0.21	)		—			(0.18	)		(0.23	)
Net Asset Value, End of Year/Period	$	11.30		$	11.40		$	11.45		$	10.45		$	9.41		$	10.00
Total Return^†		5.63	%		5.76	%		11.84	%		11.05	%		(4.14	)%		2.39	%
Ratios and Supplemental Data
Net Assets, End of Year/Period (Thousands)	$	7,455		$	10,961		$	23,114		$	1,488		$	929		$	935
Ratio of Expenses to Average Net Assets⁽²⁾⁽³⁾		0.51	%^**(4)		0.50	%		0.50	%		0.50	%		0.50	%		0.50	%^**
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		2.45	%^**		1.93	%		2.72	%		7.71	%		9.46	%		31.15	%^**
Ratio of Net Investment Income to Average Net Assets^{(2)(3) (5)}		14.05	%^**		8.49	%		0.13	%		1.94	%		1.67	%		0.33	%^**
Portfolio Turnover Rate		9	%^***		100	%		5	%		7	%		37	%		15	%^***

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income (loss) to average net assets do not reflect the expenses of the underlying investment companies in which the Fund invests.
(3)	The interest expense has a 0.00% effect on the ratio of expenses to average net assets.
(4)	Absent the interfund loan expense, the expense ratio for the Fund would be 0.50%.
(5)	Recognition of net investment income (loss) by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
*	Commenced operations on November 12, 2018.
**	Annualized.
***	Not Annualized.
^†	Total return is for the period indicated and has not been annualized. Total return would have been lower had certain expenses not been waived and assumed by the Adviser during the period. Return shown does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.

144

SYMMETRY PANORAMIC TRUST
FEBRUARY 29, 2024 (UNAUDITED)

Notes to Financial Statements

1. Organization:

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 eight 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 (formerly Symmetry Panoramic US Fixed Income Fund), Symmetry Panoramic Municipal Fixed Income Fund, Symmetry Panoramic Global Systematic Fixed Income Fund (formerly, Symmetry Panoramic Global Fixed Income Fund) and Symmetry Panoramic Alternatives Fund (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, and Symmetry Panoramic Tax-Managed Global Equity Fund 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, and Symmetry Panoramic Alternatives Fund 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 Funds, SSGA Active ETF Trust, American Century ETF Trust, AQR Funds, Dimensional Fund Advisors LP (DFA), iShares Funds, JPMorgan Asset Management and Vanguard Funds. 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

145

SYMMETRY PANORAMIC TRUST
FEBRUARY 29, 2024 (UNAUDITED)

Global Systematic Fixed Income Fund. The Funds currently offer Class I Shares. The Funds commenced operations on November 12, 2018. The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held.

2. Significant Accounting Policies:

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

146

SYMMETRY PANORAMIC TRUST
FEBRUARY 29, 2024 (UNAUDITED)

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.

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

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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:

●

Level 1 — Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date;

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●

Level 2 — Other significant observable inputs (includes quoted prices for similar securities, interest rates, prepayment speeds, credit risk, referenced indices, quoted prices in inactive markets, adjusted quoted prices in active markets, adjusted quoted prices on foreign equity securities that were adjusted in accordance with pricing procedures approved by the Board, etc.); and

●

Level 3 — Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).

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 29, 2024, 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 29, 2024, the Funds did not incur any significant interest or penalties.

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

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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, and Symmetry Panoramic Global Equity Fund all utilized futures contracts during the period ended February 29, 2024. To the extent consistent with its investment objective and strategies, the Funds may use futures contracts for tactical hedging purposes as well as to enhance the Fund’s 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,

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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 29, 2024.

For the period ended February 29, 2024, the average monthly notional amount of futures contracts held were as follows:

Symmetry Panoramic US Equity Fund

Symmetry Panoramic International Equity Fund

Symmetry Panoramic Global Equity Fund

Symmetry

Panoramic

Global

Systemic

Fixed Income

Fund

Average Monthly

Notional Balance Long

1,067,426

5,557,875

4,942,319

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 Fund’s Schedule of Investments for details regarding open forward foreign currency contracts as of February 29, 2024.

For the period ended February 29, 2024, the average monthly notional amount of forward foreign currency contracts held were as follows:

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Symmetry

Panoramic

Global

Systemic

Fixed Income

Fund

Average Monthly Notional Balance Long

4,756,624

Average Monthly Notional Balance Short

62,811,573

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

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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.

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, 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 the Fund.

For the period ended February 29, 2024, the Symmetry Panoramic US Equity Fund, Symmetry Panoramic International Equity Fund, Symmetry Panoramic Global Equity Fund, and Symmetry Panoramic Tax-Managed Global Equity Fund only held equity risk derivatives. Additional information can be found on the Schedules of Investments, Statements of Assets and Liabilities and the Statements of Operations.

Offsetting Assets and Liabilities — The Funds may be subject to various Master Netting Arrangements with various 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

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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 posting arrangements at pre-arranged exposure levels. Under the Master Agreements, collateral is routinely transferred if the total net exposure to certain transactions (net of existing collateral already in place) governed under the relevant Master Agreement with a counterparty in a given account exceeds a specified threshold, which typically ranges from zero to $450,000 depending on the counterparty and the type of Master Agreement. 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 is 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

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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.

Dividends from net investment income and distributable net realized capital gains, if any, are declared and distributed annually by the Funds. 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.

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 Alternatives Fund 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 and net capital gains, if any, monthly.

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 29, 2024, the following interfund lending facilities occurred:

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Borrowing Fund	Lending Fund	Amount Borrowed /Lent	Rate (%)	Date Borrowed	Date Repaid
Symmetry Panoramic Alternatives Fund	Symmetry Panoramic U.S. Equity Fund	$ 484,200	6.855	1/26/2024	1/30/2024
Symmetry Panoramic Alternatives Fund	Symmetry Panoramic Global Equity Fund	260,000	6.845	1/29/2024	1/30/2024
Symmetry Panoramic Alternatives Fund	Symmetry Panoramic Global Equity Fund	40,000	6.845	1/29/2024	1/31/2024
Symmetry Panoramic Alternatives Fund	Symmetry Panoramic Global Equity Fund	120,000	6.860	2/1/2024	2/2/2024
Symmetry Panoramic Municipal Fixed Income Fund	Symmetry Panoramic U.S. Equity Fund	966,000	6.830	2/14/2024	2/15/2024
Symmetry Panoramic Tax-Managed Global Equity Fund	Symmetry Panoramic Global Equity Fund	1,739,000	6.830	2/14/2024	2/15/2024

The amounts disclosed above represent maximum and average borrowings. There were no outstanding loan balances as of February 29, 2024.

3. Transactions with Affiliates:

Certain officers of the Trust are also employees of the Administrator, a wholly-owned subsidiary of SEI Investments Company, 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.

4. Administration, Distribution, Shareholder Servicing, Custodian and Transfer Agent Agreements:

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 29, 2024, the Funds were charged as follows for these services:

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Fund	Administration Fee
Symmetry Panoramic US Equity Fund	$	68,341
Symmetry Panoramic International Equity Fund		35,071
Symmetry Panoramic Global Equity Fund		64,043
Symmetry Panoramic Tax-Managed Global Equity Fund		18,974
Symmetry Panoramic US Systematic Fixed Income Fund		28,859
Symmetry Panoramic Municipal Fixed Income Fund		5,418
Symmetry Panoramic Global Systematic Fixed Income Fund		45,632
Symmetry Panoramic Alternatives Fund		1,430

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

The Bank of New York Mellon 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.

5. Investment Advisory and Subadvisory Agreements:

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

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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, 2024 (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)).

	Expense Limitation
Symmetry Panoramic US Equity Fund	0.55%
Symmetry Panoramic International Equity Fund	0.65%
Symmetry Panoramic Global Equity Fund	0.56%
Symmetry Panoramic Tax-Managed Global Equity Fund	0.42%
Symmetry Panoramic US Systematic Fixed Income Fund	0.52%
Symmetry Panoramic Municipal Fixed Income Fund	0.41%
Symmetry Panoramic Global Systematic Fixed Income Fund	0.57%
Symmetry Panoramic Alternatives Fund	0.50%

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The Adviser also has contractually agreed to waive its advisory fee for each of the Funds until at least December 31, 2024 (“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:

	Advisory Fee Before Fee Waiver			Fee Waiver
Symmetry Panoramic US Equity Fund		0.55	%		0.25	%
Symmetry Panoramic International Equity Fund		0.70	%		0.25	%
Symmetry Panoramic Global Equity Fund		0.63	%		0.25	%
Symmetry Panoramic Tax-Managed Global Equity Fund		0.65	%		0.26	%
Symmetry Panoramic US Systematic Fixed Income Fund		0.45	%		0.25	%
Symmetry Panoramic Municipal Fixed Income Fund		0.47	%		0.25	%
Symmetry Panoramic Global Systematic Fixed Income Fund		0.52	%		0.25	%
Symmetry Panoramic Alternatives Fund		1.29	%		0.30	%

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.

As of February 29, 2024, the following amounts of waivers/reimbursements are subject to recoupment:

	Amount expiring in 2024		Amount expiring in 2025		Amount expiring in 2026
Symmetry Panoramic US Equity Fund	$	60,650	$	90,197	$	122,104
Symmetry Panoramic International Equity Fund		11,396		12,718		32,119
Symmetry Panoramic Global Equity Fund		89,381		229,596		227,722
Symmetry Panoramic Tax-Managed Global Equity Fund		64,645		130,780		136,173
Symmetry Panoramic US Systematic Fixed Income Fund		98,249		191,500		197,914
Symmetry Panoramic Municipal Fixed Income Fund		51,459		103,204		111,215

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	Amount expiring in 2024		Amount expiring in 2025		Amount expiring in 2026
Symmetry Panoramic Global Systematic Fixed Income Fund	$	68,213	$	151,535	$	159,780
Symmetry Panoramic Alternatives Fund		44,653		90,656		112,249

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 (together with the Sub-Advised Equity Funds, the (“Sub-Advised Funds”). The Adviser pays AQR, DFA and JPMIM 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.

A Trustee and certain Officers are also employees/officers of the Adviser.

6. Investment Transactions:

The cost of security purchases and the proceeds from security sales other than short-term securities, for the period ended February 29, 2024, were as follows:

		Purchases		Sales and Maturities
Symmetry Panoramic US Equity Fund	$	87,724,717	$	181,573,353
Symmetry Panoramic International Equity Fund		42,066,254		82,324,647
Symmetry Panoramic Global Equity Fund		83,302,547		165,879,045
Symmetry Panoramic Tax-Managed Global Equity Fund		4,173,723		10,930,041
Symmetry Panoramic US Systematic Fixed Income Fund		382,600,130		419,338,356
Symmetry Panoramic Municipal Fixed Income Fund		2,020,400		4,809,824
Symmetry Panoramic Global Systematic Fixed Income Fund		651,418,085		710,210,532
Symmetry Panoramic Alternatives Fund		864,627		4,017,485

7. Federal Tax Information:

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

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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 distributions in excess. The following permanent differences were credited or charged to Paid-in Capital or Distributable Earnings as of August 31, 2023:

		Distributable Earnings				Paid in Capital
Symmetry Panoramic Alternatives Fund		$	259			$	(259	)

The tax character of dividends and distributions declared during the fiscal years ended August 31, 2023 and 2022 were as follows:

	Ordinary Income	Long-Term Capital Gain	Tax Exempt Income	Total
Symmetry Panoramic US Equity Fund
2023	$6,205,201	$13,026,234	$—	$19,231,435
2022	29,786,484	11,809,320	—	41,595,804
Symmetry Panoramic International Equity Fund
2023	6,397,783	—	—	6,397,783
2022	7,382,351	—	—	7,382,351
Symmetry Panoramic Global Equity Fund
2023	8,575,235	8,853,794	—	17,429,029
2022	25,758,968	2,549,320	—	28,308,288
Symmetry Panoramic Tax-Managed Global Equity Fund
2023	2,151,138	—	—	2,151,138
2022	2,015,323	—	—	2,015,323
Symmetry Panoramic US Systematic Fixed Income Fund
2023	5,090,220	—	—	5,090,220
2022	3,147,380	163,372	—	3,310,752
Symmetry Panoramic Municipal Fixed Income Fund
2023	12,820	—	539,654	552,474
2022	—	—	148,461	148,461
Symmetry Panoramic Global Systematic Fixed Income Fund
2023	7,299,595	—	—	7,299,595
2022	7,996,330	798,665	—	8,794,995
Symmetry Panoramic Alternatives Fund
2023	2,255,407	—	—	2,255,407
2022	30,464	—	—	30,464

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As of August 31, 2023, the components of Distributable Earnings on a tax basis were as follows:

	Symmetry Panoramic US Equity Fund			Symmetry Panoramic International Equity Fund			Symmetry Panoramic Global Equity Fund			Symmetry Panoramic Tax-Managed Global Equity Fund
Undistributed Ordinary Income	$	4,727,812		$	5,445,162		$	6,956,089		$	1,136,625
Undistributed Long-Term Capital Gain		12,339,324			–			5,089,275			156,762
Post-October Losses		–			(80,492	)		–			–
Capital Loss Carryforwards		–			(16,134,597	)		–			–
Unrealized Appreciation		160,680,331			47,491,811			120,201,065			25,713,155
Other Temporary Differences		(1	)		(1	)		(4	)		1
Total Distributable Earnings	$	177,747,466		$	36,721,883		$	132,246,425		$	27,006,543

	Symmetry Panoramic US Systematic Fixed Income Fund			Symmetry Panoramic Municipal Fixed Income Fund			Symmetry Panoramic Global Systematic Fixed Income Fund			Symmetry Panoramic Alternatives Fund
Undistributed Ordinary Income	$	13,321		$	4		$	17,458		$	–
Undistributed Tax-Exempt Income		–			456			–			–
Post-October Losses		(1,944,895	)		(138,197	)		(2,097,330	)		(1,738,884	)
Late-Year Loss Deferral		–			–			–			(60,506	)
Capital Loss Carryforwards		(799,186	)		(44,046	)		(787,335	)		(75,883	)
Unrealized Appreciation/(Depreciation)		(16,597,189	)		(1,308,059	)		(39,045,487	)		809,905
Other Temporary Differences		(1	)		3			(1	)		1
Total (Accumulated Losses)	$	(19,327,950	)	$	(1,489,839	)	$	(41,912,695	)	$	(1,065,367	)

Post-October losses represent losses realized on investment transactions from November 1, 2022 through August 31, 2023, 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, 2023 through August 31, 2023 and specified losses realized on investment transactions from November 1, 2022 through August 31, 2023.

The Symmetry Panoramic International 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 had Post-October losses of $80,492, $1,944,895, $138,197, $2,097,330 and $1,738,884, respectively. The funds elect to treat each as having arisen in the following fiscal year.

During the year ended September 30, 2023, the Symmetry Panoramic Tax-Managed Global Equity Fund utilized capital loss carryforwards of $533,003 to offset capital gains.

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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:

	Short-Term Loss		Long-Term Loss		Total
Symmetry Panoramic International Equity Fund	$	13,778,317	$	2,356,280	$	16,134,597
Symmetry Panoramic US Systematic Fixed Income Fund		598,030		201,156		799,186
Symmetry Panoramic Municipal Fixed Income Fund		44,046		—		44,046
Symmetry Panoramic Global Systematic Fixed Income Fund		787,335		—		787,335
Symmetry Panoramic Alternatives Fund		68,009		7,874		75,883

For federal income tax purposes, the cost of securities owned at August 31, 2023, 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 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.

The Federal tax cost and aggregate gross unrealized appreciation and depreciation for the investments held by the Funds at February 29, 2024, were as follows:

	Federal Tax Cost		Aggregate Gross Unrealized Appreciation		Aggregate Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Symmetry Panoramic US Equity Fund	$	309,381,134	$	188,443,861	$	(1,814,475	)	$	186,629,386
Symmetry Panoramic International Equity Fund		187,118,812		60,022,867		(647,407	)		59,375,460
Symmetry Panoramic Global Equity Fund		316,784,897		145,072,733		(3,437,758	)		141,634,975
Symmetry Panoramic Tax-Managed Global Equity Fund		105,396,937		35,800,333		—			35,800,333
Symmetry Panoramic US Systematic Fixed Income Fund		197,512,584		46,280		(3,306,846	)		(3,260,566	)
Symmetry Panoramic Municipal Fixed Income Fund		38,147,550		17,191		(473,502	)		(456,311	)
Symmetry Panoramic Global Systematic Fixed Income Fund		310,308,898		86,388		(3,669,248	)		(3,582,860	)

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		Federal Tax Cost				Aggregate Gross Unrealized Appreciation				Aggregate Gross Unrealized Depreciation				Net Unrealized Appreciation (Depreciation)
Symmetry Panoramic Alternatives Fund		$	6,993,165			$	513,271			$	—			$	513,271

8. Concentration of Risks:

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 each of the 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.

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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

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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

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heightened risks for fixed income securities. Current interest rates are at or near historic lows, and as the Federal Reserve Board has begun tapering its quantitative easing program and in December of 2015 began raising the federal funds rate, there is a risk that interest rates will rise. 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.

●

Call Risk. During periods of declining interest rates, a bond issuer may “call,” or repay, its high yielding bonds before their maturity dates. The Fund would then be forced to invest the unanticipated proceeds at lower interest rates, resulting in a decline in its income.

●

Credit Risk. Fixed income securities are generally subject to the risk that the issuer may be unable to make principal and interest payments when they are due. There is also the risk that the securities could lose value because of a loss of confidence in the ability of the borrower to pay back debt. Lower rated fixed income securities involve greater credit risk, including the possibility of default or bankruptcy.

●

Interest Rate Risk. Fixed income securities are subject to the risk that the securities could lose value because of interest rate changes. For example, bonds tend to decrease in value if interest rates rise. Fixed income securities with longer maturities sometimes offer higher yields, but are subject to greater price shifts as a result of interest rate changes than fixed income securities with shorter maturities.

●

Liquidity Risk. Trading opportunities are more limited for fixed income securities that have not received any credit ratings, have received ratings below investment grade or are not widely held. These features make it more difficult to sell or buy a security at a favorable price or time. Consequently, the Fund may have to accept a lower price to sell a security, sell other securities to raise cash or give up an investment opportunity, any of which could have a negative effect on its performance. Infrequent trading of securities may also lead to an increase in their price volatility. Liquidity risk also refers to the possibility that the Fund may not be able to sell a security or close out an investment contract when it wants to. If this happens, the Fund will be required to hold the security or keep the position open, and it could incur losses.

●

Prepayment and Extension Risk. Many types of fixed income securities are subject to prepayment risk. Prepayment occurs when the issuer of a fixed income security can repay principal prior to the security’s maturity. Fixed income securities

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subject to prepayment can offer less potential for gains during a declining interest rate environment and similar or greater potential for loss in a rising interest rate environment. In addition, the potential impact of prepayment features on the price of a fixed income security can be difficult to predict and result in greater volatility. On the other hand, rising interest rates could cause prepayments of the obligations to decrease, extending the life of mortgage- and asset-backed securities with lower payment rates. This is known as extension risk and may increase the Fund’s sensitivity to rising rates and its potential for price declines.

●

Variable and Floating Rate Securities. Variable and floating rate securities generally are less sensitive to interest changes but may decline in value if their interest rates do not rise as much, or as quickly, as interest rates in general. Floating rate securities will not generally increase in value if interest rates decline.

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

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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

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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.

Momentum Style Risk. Investing in or having exposure to securities with positive momentum entails investing in securities that have had above-average recent returns. These securities may be more volatile than a broad cross-section of securities. In addition, there may be periods when the momentum style is out of favor, and during which the investment performance of a Fund using a momentum strategy may suffer.

Value Investing Risk is the risk that the market will not recognize a security’s inherent value for a long time, or that a stock judged to be undervalued by the Fund’s adviser may actually be appropriately priced or overvalued. Value oriented funds will typically underperform when growth investing is in favor.

Quantitative Investing Risk is the risk that the value of securities or other investments selected using quantitative analysis can perform differently from the market as a whole or from their expected performance. This may be as a result of the factors used in building the multifactor quantitative model, the weights placed on each factor, the accuracy of historical data supplied by third parties, and changing sources of market returns.

Profitability Investment Risk is the risk that high relative profitability stocks may perform differently from the market as a whole and an investment strategy purchasing these securities may cause the Fund to at times underperform equity funds that use other investment strategies.

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

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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.

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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

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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, such as what was experienced during the financial crisis that occurred in and around 2008 and more recently in connection with the coronavirus disease 2019 (COVID-19) pandemic. Market conditions such as this are an inevitable part of investing in capital markets and may continue, recur, worsen or spread. 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 (such as COVID-19), or widespread fear that such events may occur, may impact markets adversely and cause market volatility in both the short- and long-term. Although interest rates were unusually low in recent years in the U.S. and abroad, recently, the U.S. Federal Reserve (“Fed”) and certain foreign central banks raised interest rates as part of their efforts to address rising inflation. It is difficult to accurately predict the pace at which interest rates might increase, the timing, frequency or magnitude of any such increases in interest rates, or when such increases might stop. Additionally, various economic and political factors could cause the Fed or other foreign central banks to change their approach in the future and such actions may result in an economic slowdown both in the U.S. and abroad. Governmental policy and legislative changes also may contribute to decreased liquidity and increased volatility in the financial markets.

Public health crises caused by pandemics, such as the COVID-19 pandemic, 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

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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.

Governments, including the U.S. federal government, and central banks around the world have taken extraordinary and unprecedented actions to support local and global economies and the financial markets and may continue to do so, but the ultimate impact of these efforts is uncertain, and they may not be successful. Governments’ efforts to limit potential negative economic effects of the COVID-19 pandemic may be altered, delayed, or eliminated at inopportune times for political, policy or other reasons. Central banks may increase their short-term policy rates or begin phasing out, or “tapering,” accommodative monetary policy facilities in the future. The timing, coordination, magnitude and effect of such policy changes on various markets are uncertain, and such changes in monetary policy may adversely affect the value of a Fund’s investments.

In the future, governments may take actions that could affect the overall economy as well as the securities in which the Funds invest, the markets in which they trade, or the issuers of such securities, in ways that are unforeseen. Governmental and quasi-governmental authorities and regulators throughout the world, such as the U.S. Federal Reserve, have in the past responded to major economic disruptions with a variety of significant fiscal and monetary policy changes, including but not limited to, direct capital infusions into companies, new monetary programs, and dramatically lower interest rates. Certain of those policy changes were implemented or considered in response to the COVID-19 pandemic. Changes in government policies or central banks could negatively affect the value and liquidity of a Fund’s investments and cause it to lose money, and there can be no assurance that the initiatives undertaken by governments and central banks will be successful.

The COVID-19 pandemic, and future pandemics, could also impair the information technology and other operational systems upon which the Adviser or a sub-adviser relies, and could otherwise disrupt the ability of a Fund’s service providers to perform essential tasks. Such impacts could impair a Fund's ability to maintain operational standards (such as with respect to satisfying redemption requests), disrupt the operations of a Fund's service providers, and negatively impact a Fund's performance. In certain cases, an exchange or market may close or issue trading halts on either specific securities or even the entire market, which may result in a Fund being, among other things, unable to buy or sell certain securities or financial instruments or accurately value its investments.

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

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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, and there has been a significant increase in the amount of debt due to the economic effects of COVID-19 pandemic and ensuing economic relief and public health measures 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.

Interest rates have been unusually low in recent years in the United States and abroad, and central banks reduced rates further in an effort to combat the economic effects of the COVID-19 pandemic. Because there is little precedent for this situation, it is difficult to predict the impact on various markets of a significant rate increase or other significant policy changes. However, over the last year, due to concerns regarding rising inflation in many sectors of the U.S. and global economy, the U.S. and many foreign governments and monetary authorities have raised interest rates and implemented other policy initiatives that are intended to contain the impacts of rising inflation. Rising interest rates may present a particularly greater risk than has historically been the case due to the current period of relatively low rates and the effect of government fiscal and monetary policy initiatives and potential market reaction to those initiatives, or their alteration or cessation. Inflation risk is the uncertainty over the future real value (after inflation) of an investment. A Fund’s investments may not keep pace with inflation, and the value of an investment in a Fund may be eroded over time by inflation.

Extremely low or negative interest rates may persist or become more prevalent. To the extent a Fund has a bank deposit or holds a debt instrument with a negative interest rate to maturity, the Fund would generate a negative return on that investment. Similarly, negative rates on investments by a fund that is a money market fund would make it difficult for the fund to maintain stability in its share price without financial support from the fund’s adviser or other persons. There is no assurance that such support would be provided, which could lead to losses on investments in the fund, including on investments by a Fund that uses the fund as an investment option for the Fund’s uninvested cash. While negative yields may reduce the demand, liquidity and valuation of fixed income investments, investors may be willing to continue to purchase such investments for a number of reasons, including, but not limited to, price insensitivity, arbitrage opportunities across fixed income markets or rules-based investment strategies. If negative interest rates persist or become more prevalent, investors may over time seek to reallocate assets to other income-producing assets or equity

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investments that pay a dividend, which may cause the price of such instruments to rise while triggering a corresponding decrease in yield and the value of debt instruments over time.

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. The current U.S. administration may focus regulatory and public works projects around climate change concerns. 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.

Russia's military invasion of Ukraine in February 2022, the resulting responses by the United States and other countries, and the potential for wider conflict have had, and could continue to have, severe adverse effects on regional and global economies and could further increase volatility and uncertainty in the financial markets. The United States and other countries have imposed broad-ranging economic sanctions on Russia and certain Russian individuals, banking entities and corporations as a response to its invasion of Ukraine. The United States and other countries have also imposed economic sanctions on Belarus and may impose sanctions on other countries that provide military or economic support to Russia. These sanctions, as well as any other economic consequences related to the invasion, such as additional sanctions, boycotts or changes in consumer or purchaser preferences or cyberattacks on governments, companies or individuals, may further decrease the value and

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liquidity of certain Russian securities and securities of issuers in other countries that are subject to economic sanctions related to the invasion. To the extent that a Fund has exposure to Russian investments or investments in countries affected by the invasion, the Fund's ability to price, buy, sell, receive or deliver such investments may be impaired. In addition, any exposure that a Fund may have to counterparties in Russia or in countries affected by the invasion could negatively impact the Fund's investments. The extent and duration of military actions and the repercussions of such actions (including any retaliatory actions or countermeasures that may be taken by those subject to sanctions) are impossible to predict. These events have resulted in, and could continue to result in, significant market disruptions, including in certain industries or sectors such as the oil and natural gas markets, and may further strain global supply chains and negatively affect inflation and global growth. These and any related events could significantly impact a Fund's performance and the value of an investment in a Fund beyond any direct exposure a Fund may have to Russian issuers or issuers in other countries affected by the invasion.

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

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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 Fund 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 the 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 the 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 the Fund. By participating in the ReFlow programs, the 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.

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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.

9. Concentration of Shareholders:

As of February 29, 2024, 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:

	No. of Shareholders		% Ownership
Symmetry Panoramic US Equity Fund		2	83%
Symmetry Panoramic International Equity Fund		2	83%
Symmetry Panoramic Global Equity Fund		2	84%
Symmetry Panoramic Tax-Managed Global Equity Fund		3	88%
Symmetry Panoramic US Systematic Fixed Income Fund		3	89%

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	No. of Shareholders		% Ownership
Symmetry Panoramic Municipal Fixed Income Fund		4	96%
Symmetry Panoramic Global Systematic Fixed Income Fund		2	82%
Symmetry Panoramic Alternatives Fund		4	89%

10. Indemnifications:

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.

11. Subsequent Events:

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 as of February 29, 2024.

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Disclosure of Fund Expenses (Unaudited)

All mutual funds have operating expenses. As a shareholder of a mutual fund, your investment is affected by these ongoing costs, which include (among others) costs for Fund management, administrative services, and shareholder reports like this one. It is important for you to understand the impact of these costs on your investment returns.

Operating expenses such as these are deducted from the mutual fund’s gross income and directly reduce your final investment return. These expenses are expressed as a percentage of the mutual fund’s average net assets; this percentage is known as the mutual fund’s expense ratio.

The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in your Fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period from September 1, 2023 to February 29, 2024.

The table on the next page illustrates your Fund’s costs in two ways:

□ Actual Fund Return. This section helps you to estimate the actual expenses after fee waivers that your Fund incurred over the period. The “Expenses Paid During Period” column shows the actual dollar expense cost incurred by a $1,000 investment in the Fund, and the “Ending Account Value” number is derived from deducting that expense cost from the Fund’s gross investment return.

You can use this information, together with the actual amount you invested in the Fund, to estimate the expenses you paid over that period. Simply divide your actual account value by $1,000 to arrive at a ratio (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply that ratio by the number shown for your Fund under “Expenses Paid During Period.”

□ Hypothetical 5% Return. This section helps you compare your Fund’s costs with those of other mutual funds. It assumes that the Fund had an annual 5% return before expenses during the year, but that the expense ratio (Column 3) for the period is unchanged. This example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to make this 5% calculation. You can assess your Fund’s comparative cost by comparing the hypothetical result for your Fund in the “Expenses Paid During Period” column with those that appear in the same charts in the shareholder reports for other mutual funds.

Note: Because the return is set at 5% for comparison purposes — NOT your Fund’s actual return — the account values shown may not apply to your specific investment.

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Disclosure of Fund Expenses (Unaudited) - continued

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as wire transfers, redemption fees, or returned checks. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Beginning Account Value 9/1/23		Ending Account Value 2/29/24		Annualized Expense Ratios			Expenses Paid During Period*
Symmetry Panoramic US Equity Fund
Class I Shares
Actual Fund Return	$	1,000.00	$	1,141.20		0.55	%	$	2.93
Hypothetical 5% Return	$	1,000.00	$	1,022.13		0.55	%	$	2.77
Symmetry Panoramic International Equity Fund
Class I Shares
Actual Fund Return	$	1,000.00	$	1,077.80		0.65	%	$	3.36
Hypothetical 5% Return	$	1,000.00	$	1,021.63		0.65	%	$	3.27
Symmetry Panoramic Global Equity Fund
Class I Shares
Actual Fund Return	$	1,000.00	$	1,116.20		0.56	%	$	2.95
Hypothetical 5% Return	$	1,000.00	$	1,022.08		0.56	%	$	2.82
Symmetry Panoramic Tax-Managed Global Equity Fund
Class I Shares
Actual Fund Return	$	1,000.00	$	1,104.60		0.42	%	$	2.20
Hypothetical 5% Return	$	1,000.00	$	1,022.78		0.42	%	$	2.11
Symmetry Panoramic US Systematic Fixed Income Fund
Class I Shares
Actual Fund Return	$	1,000.00	$	1,017.90		0.44	%	$	2.21
Hypothetical 5% Return	$	1,000.00	$	1,022.68		0.44	%	$	2.21
Symmetry Panoramic Municipal Fixed Income Fund
Class I Shares
Actual Fund Return	$	1,000.00	$	1,023.90		0.41	%	$	2.06
Hypothetical 5% Return	$	1,000.00	$	1,022.83		0.41	%	$	2.06
Symmetry Panoramic Global Systematic Fixed Income Fund
Class I Shares
Actual Fund Return	$	1,000.00	$	1,027.70		0.47	%	$	2.37
Hypothetical 5% Return	$	1,000.00	$	1,022.53		0.47	%	$	2.36
Symmetry Panoramic Alternatives Fund
Class I Shares
Actual Fund Return	$	1,000.00	$	1,056.30		0.51	%	$	2.61
Hypothetical 5% Return	$	1,000.00	$	1,022.33		0.51	%	$	2.56

* Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 182/366 (to reflect one-half year period).

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BOARD CONSIDERATION OF APPROVAL OF SUB-ADVISORY AGREEMENT

Symmetry Panoramic U.S. Equity Fund	Symmetry Panoramic US Systematic Fixed
	Income Fund
Symmetry Panoramic International Equity Fund	Symmetry Panoramic Municipal Fixed Income
	Fund
Symmetry Panoramic Global Equity Fund	Symmetry Panoramic Global Systematic Fixed
	Income Fund
Symmetry Panoramic Tax-Managed Global Equity	Symmetry Panoramic Alternatives Fund
Fund

(collectively, the “Funds”)

At a meeting of the Board of Trustees (the “Trustees” or the “Board”) of Symmetry Panoramic Trust (the “Trust”) held on October 24, 2023, the Trustees, including those Trustees who are not “interested persons” (as defined in the Investment Company Act of 1940) of the Trust (the “Independent Trustees”), approved an investment sub-advisory agreement (the “Sub-Advisory Agreement”) between J.P. Morgan Investment Management Inc. (“JPMIM”) and Symmetry Partners, LLC (the “Adviser”), pursuant to which JPMIM would provide investment sub-advisory services to the Symmetry Panoramic US Systematic Fixed Income Fund (formerly, Symmetry Panoramic US Fixed Income Fund) and Symmetry Panoramic Global Systematic Fixed Income Fund (formerly, Symmetry Panoramic Global Fixed Income Fund) (each, a “Fund” and together, the “Funds”).

In considering whether to approve the Sub-Advisory Agreement, the Trustees considered and discussed information and analyses provided in advance of the meeting by the Adviser and JPMIM. The Independent Trustees also received a memorandum from independent legal counsel outlining their fiduciary duties and legal standards in reviewing the Sub-Advisory Agreement. The Trustees were assisted in their review by counsel to the Trust and independent legal counsel, and met with counsel in executive session separate from representatives of the Adviser and JPMIM. The Trustees evaluated a number of considerations they believed, in light of the legal advice furnished to them by counsel and their own business judgment, to be relevant, and then made decisions in their business judgment. In considering the approval of the Sub-Advisory Agreement for an initial two-year period, the Board evaluated all factors it believed to be relevant, including those discussed below. The Board did not identify any one factor as dispositive, and each Trustee may have attributed different weights to the factors considered.

The nature, extent, and quality of the sub-advisory services to be provided, including investment performance. The Board considered the nature, extent, and quality of the services to be provided by JPMIM to the Funds. The Board considered the proposed new investment strategies for the Funds, which currently are operated as a “fund-of-funds” by the Adviser, and JPMIM’s expertise with respect to such strategies; the experience, capability, and integrity of JPMIM’s senior management; the financial resources of JPMIM; the continuous and regular management and services to be provided by JPMIM and the risks

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to be assumed and borne; and the professional qualifications of the portfolio management teams of JPMIM.

The Board considered that each Fund currently is managed as a multi-factor fund providing exposure to different managers that, in the Adviser’s view, are best able to deliver certain factor exposures as identified by the Adviser, and that the Adviser accesses these investment managers on behalf of the Funds either through investment in other registered investment companies or by entering into a sub-advisory relationship with one or more investment managers pursuant to which the sub-adviser would be responsible for advising an allocated portion of a Fund’s assets. The Board noted that the Funds currently access JPMIM’s investment capabilities through investment in JPMIM-sponsored funds, and the Board considered the Adviser’s assertion that the Funds may benefit by transitioning their investments in those and other investment advisers’ funds to direct fixed-income investments managed by JPMIM.

The Board considered the Adviser’s reasons for recommending that JPMIM be appointed as a sub-adviser to the Funds, including the Adviser’s due diligence concerning and previous experience with JPMIM. The Board noted that under the Sub-Advisory Agreement, JPMIM, subject to the oversight of the Trustees and the supervision of the Adviser, will be responsible for, among other things: making investment decisions on behalf of each Fund, placing orders with brokers or dealers for the purchase and sale of investments for each Fund, and performing other related functions.

In connection with the assessment of JPMIM’s ability to perform its duties under the Sub-Advisory Agreement, the Board considered the sufficiency of JPMIM’s resources and reviewed JPMIM’s overall investment experience, including its experience managing other open-end funds, and noted JPMIM’s reputation in the asset management industry. The Board discussed JPMIM’s portfolio managers’ experience and the investment strategies to be employed in JPMIM’s management of each Fund’s assets. The Board also considered the Funds’ past performance and noted that performance may be impacted by the addition of JPMIM as a sub-adviser to the Funds and the change in investment approach for each Fund from a fund-of-funds, through which different managers’ investment strategies are accessed. In this regard, the Board was presented with certain performance information regarding the investment strategies to be employed by JPMIM for the Funds. The Board noted that, subject to a number of limitations, such information was designed to aid the Board in evaluating the potential advantages of operating the Funds using a sub-advised investment approach.

The Board also considered the compliance resources of JPMIM. The Board considered JPMIM’s commitment to compliance with applicable laws and regulations and the Trust’s compliance policies and procedures, including the determination of the Trust’s Chief Compliance Officer that JPMIM’s compliance program appears to be reasonably designed to prevent violations of the federal securities laws. The Board also considered

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JPMIM’s operational infrastructure, including its risk management, technology and cybersecurity controls and systems.

On the basis of this information and the Board’s assessment of the nature, extent, and quality of sub-advisory services to be provided by JPMIM to the Funds, the Board concluded that JPMIM is capable of generating a level of investment performance that is appropriate in light of the Funds’ investment objectives, policies, and strategies. The Board also determined that JPMIM could provide investment and related services that are appropriate in scope and extent in light of the Funds’ operations, the competitive landscape of the investment company business, and investor needs.

Sub-advisory fees. In considering the sub-advisory fees to be paid to JPMIM, the Board noted that JPMIM’s fees will be paid by the Adviser (out of its fee paid by the Funds) and not by the Funds. The Board considered the sub-advisory fees to be paid to JPMIM in relation to the fees paid to the Adviser by the Funds and the respective services provided, and to be provided, by the Adviser and JPMIM. The Board considered the meaningful differences in the services that the Adviser provides to the Funds as compared to the services to be provided by JPMIM. The Board noted that, with respect to each Fund, the Adviser contractually agreed to reduce each Fund’s fees and absorb expenses of each Fund so as to limit total annual Fund operating expenses, in each case through at least December 31, 2024, and that, in connection with JPMIM’s proposed appointment, the Adviser was proposing to raise the current expense limits for each Fund to account for payments to be made by the Adviser to JPMIM.

On the basis of these and other considerations, together with the other information it considered, the Board determined that the sub-advisory fees to be received by JPMIM under the Sub-Advisory Agreement are reasonable in light of the services to be provided by JPMIM.

The cost of sub-advisory services provided and the level of profitability. The Board considered the costs of the services to be provided and any profits to be realized by JPMIM from its relationship with the Funds, noting the arm’s-length nature of the relationship between the Adviser and JPMIM with respect to the negotiation of JPMIM’s sub-advisory fee rates.

Whether fee levels reflect economies of scale and the extent to which economies of scale would be realized as the Funds grow. The Board evaluated the extent to which the sub-advisory fees payable under the Sub-Advisory Agreement reflect economies of scale or will permit economies of scale to be realized in the future. Based on its consideration of the factors above, the Board determined that there was a reasonable sharing of any realized economies of scale under the sub-advisory fee schedule at the present time. The Board noted that, in the future, it would have the opportunity to periodically reexamine the appropriateness of sub-advisory fees payable by the Adviser to JPMIM.

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Benefits to JPMIM and its affiliates from its relationships with the Funds. The Board considered whether there could be other benefits derived by JPMIM and its affiliates from their relationships with the Funds. The Board noted that JPMIM does not have the ability to realize soft dollar benefits from its relationship with the Funds. The Board also took into account JPMIM’s assertion that it did not expect to realize any meaningful additional benefits beyond the sub-advisory fee to be earned for managing the Funds’ assets. Based on its review, the Board determined that any “fall-out” and other types of benefits that may accrue to JPMIM are fair and reasonable. The Board noted that it would have the opportunity to review the appropriateness of any such benefits over time.

Conclusion. After consideration of the factors described above, as well as other factors, the Board, including all of the Independent Trustees, concluded that the terms of the Sub-Advisory Agreement evidenced substantial due diligence, arm’s length negotiation, and was consistent with the interests of the Funds and investors.

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Supplemental Information (Unaudited)

Shareholder Voting and Proxy Results

A Special Meeting of Shareholders (the “Meeting”) of the series of Symmetry Panoramic Trust (the “Trust”), was held on December 26, 2023 for the purpose to elect Trustees of Symmetry Panoramic Trust (to be voted on by shareholders of each Fund that is a series of Symmetry Panoramic Trust, voting together as a single class). The proposal was approved with the following voting results:

Trustees Names		Shares Voted	% of Voted	% of Total
Mr. William M. Doran	For	139,096,035.997	99.574	79.224
	Against	—	—	—
	Abstain	585,574.678	0.426	0.339
	Total	139,681,610.675	100.000	79.563

Mr. Jon C. Hunt	For	139,109,219.388	99.584	79.224
	Against	—	—	—
	Abstain	582,391.287	0.416	0.331
	Total	139,691,610.675	100.000	79.894

Mr. Thomas P. Lemke	For	139,108,695.492	99.583	79.231
	Against	—	—	—
	Abstain	582,915.183	0.417	0.772
	Total	139,691,610.675	100.000	80.003

Ms. Nichelle Maynard-Elliott	For	138,335,399.960	99.030	78.791
	Against	—	—	—
	Abstain	1,356,210.715	0.970	0.772
	Total	139,691,610.675	100.000	79.563

Mr. Jay C. Nadel	For	139,109,848.553	99.584	79.232
	Against	—	—	—
	Abstain	581,762.122	0.416	0.331
	Total	139,691,610.675	100.000	79.563

Mr. Randall S. Yanker	For	139,111,846.364	99.585	79.233
	Against	—	—	—
	Abstain	579,764.311	0.415	0.330
	Total	139,691,610.675	100.000	79.563

189

Symmetry Panoramic Funds

P.O. Box 588

Portland, ME 04112

1-844-796-3863

Investment Adviser:

Symmetry Partners, LLC

151 National Drive

Glastonbury, CT 06033

Administrator:

SEI Investments Global Funds Services

One Freedom Valley Drive

Oaks, PA 19456

Distributor:

SEI Investments Distribution Co.

One Freedom Valley Drive

Oaks, PA 19456

Legal Counsel:

Morgan, Lewis & Bockius LLP

2222 Market Street

Philadelphia, PA 19103

Independent Registered Public Accounting Firm:

Cohen & Company, Ltd.

1350 Euclid Avenue, Suite 800

Cleveland, OH 44115

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

SYM-SA-001-0400

(b) Not applicable.

Item 2. Code of Ethics.

Not applicable for semi-annual report.

Item 3. Audit Committee Financial Expert.

Not applicable for semi-annual report.

Item 4. Principal Accountant Fees and Services.

Not applicable for semi-annual report.

Item 5. Audit Committee of Listed Registrants.

Not applicable for semi-annual report.

Item 6. Investments

The Schedules of Investments are included as part of the report to shareholders filed under Item 1 of this form.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 8. Portfolio Managers of Closed-End Management Investment Companies

Not applicable to open-end management investment companies.

Item 9. Purchases of Equity Securities by Closed-End Management Company and Affiliated Purchasers.

Not applicable to open-end management investment companies.

Item 10. Submission of Matters to a Vote of Security Holders.

The Registrant currently does not have in place procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees.

Item 11. Controls and Procedures.

(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 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable to open-end management investment companies.

Item 18. Recovery of Erroneously Awarded Compensation.

(a) Not applicable.

(b) Not applicable.

Item 19. Exhibits.

(a)(1) Not applicable for semi-annual report.

(a)(2) Not applicable.

(a)(3) A separate certification of each principal executive officer and principal financial officer of the Registrant, as required by Rule 30a-2(a) under the 1940 Act (17 CFR § 270.30a-2(a)), are filed herewith.

(b) Officer certifications as required by Rule 30a-2(b) under the 1940 Act (17 CFR § 270.30a-2(b)) also accompany this filing as an exhibit.

SIGNATURES

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.

	Symmetry Panoramic Trust

By	/s/ Michael Beattie
	Michael Beattie
	Principal Executive Officer

Date: May 3, 2024

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.

By	/s/ Michael Beattie
	Michael Beattie
	Principal Executive Officer

Date: May 3, 2024

By	/s/ Andrew Metzger
	Andrew Metzger
	Principal Financial Officer

Date: May 3, 2024

Symmetry Panoramic Trust N-CSRSCertified semi-annual shareholder report (management investment company)