UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

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: (800) 786-3309

Date of fiscal year end: August 31, 2024

Date of reporting period: August 31, 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 of 1940, as amended (the “1940 Act”) (17 CFR § 270.30e-1), is attached hereto.

Symmetry Panoramic US Equity Fund

The Symmetry Panoramic Trust

Class I Shares - SPUSX

Annual Shareholder Report - August 31, 2024

This annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic US Equity Fund (the "Fund") for the period from September 1, 2023 to August 31, 2024. You can find additional information about the Fund at https://panoramicfunds.com/us-equity-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). This annual shareholder report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic US Equity Fund, Class I Shares	$62	0.55%

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2024 and was up 26.27% and bested its benchmark, the MSCI US Broad Market Index, by 0.13%. With respect to style factors, small capitalization and low volatility trailed the broad market benchmark in the US while quality, value, and momentum outperformed. In the trailing 3-year period, the Fund was up 8.26% annualized and bested its benchmark by 0.34%.

Fiscal 2024 was a very strong year for both equity and fixed income investors across the globe. As economies that had been aggressively stimulated during the pandemic returned to normal levels of activity, inflation emerged. The Fed responded with a series of increases in the Federal Funds rate to combat inflation and the US inflation data suggest the Fed’s actions to tame inflation have been effective. As of the end of August 2024, the Fed funds target stood at 525-575 bps. The economy stayed strong with GDP growth remaining positive throughout the hiking cycle, while US inflation as measured by year over year CPI change decreased from 3.7% to 2.6% over Fiscal 2024 . Despite the concerns of heightened inflation and the impact of the Fed’s actions on output, equity returns were strong globally and especially so in the United States.

Multi-factor equity investors have focused on an expected recovery in the equity value factor, after having historically challenging times leading up to and into the COVID pandemic and again in Fiscal 2023. In contrast, Fiscal 2022 and 2024 were strong periods for value investors. While we welcome the contribution to performance that the value factor has provided in the most recent three years, we remain aware that each style factor may be in or out of favor over different time periods. Thus, we diversify the funds’ exposure across multiple style factors to reduce the risk inherent in any one factor. Our investment philosophy is based on evidence that style factors have the potential to outperform market capitalization weighted benchmarks over the long-term. We expect the style factors to contribute to long-term relative performance. This remains particularly true with respect to value stocks as they return to a valuation spread with growth stocks that is more in line with historical averages.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

	Symmetry Panoramic US Equity Fund, Class I Shares - $19600	MSCI US Broad Market Index (Gross) (USD)* - $22164
Nov/18	$10000	$10000
Aug/19	$10626	$10863
Aug/20	$11341	$13192
Aug/21	$15446	$17632
Aug/22	$14050	$15285
Aug/23	$15522	$17571
Aug/24	$19600	$22164

Since its inception on November 12, 2018. The line graph represents historical performance of a hypothetical investment of $10,000 in the Fund since inception. Returns shown are total returns, which assume the reinvestment of dividends and capital gains. The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on Fund distributions or the redemption of Fund Shares. Past performance is not indicative of future performance.Call 1-844-Sym-Fund (844-796-3863) or visit https://panoramicfunds.com/us-equity-fund/ for current month-end performance.

^{^{Footnote Reference*}}As of August 2024, pursuant to the new regulatory requirements, this index replaced the prior index as the Fund's primary benchmark to represent a broad-based securities market index.

Average Annual Total Returns as of August 31, 2024

Fund/Index Name	1 Year	5 Years	Annualized Since Inception
Symmetry Panoramic US Equity Fund, Class I Shares	26.27%	13.02%	12.29%
MSCI US Broad Market Index (Gross) (USD)*	26.14%	15.33%	14.69%

Key Fund Statistics as of August 31, 2024

	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$461,301,285	610	$1,497,648	33%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Value	Value
Rights	0.0%
Derivative Contracts (Net)	0.0%
Real Estate	0.2%
Short-Term Investment	1.1%
Utilities	1.1%
Materials	1.8%
Energy	2.8%
Consumer Staples	3.8%
Communication Services	5.3%
Health Care	7.3%
Consumer Discretionary	7.5%
Financials	9.5%
Industrials	10.3%
Information Technology	16.0%
Registered Investment Companies	33.3%

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

Top Ten Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
iShares MSCI USA Min Vol Factor ETF			4.9%
DFA Real Estate Securities Portfolio, Cl I			4.8%
DFA US Targeted Value Portfolio, Cl I			4.3%
Dimensional US Targeted Value ETF			3.4%
Microsoft			3.2%
Apple			2.9%
NVIDIA			2.8%
Avantis U.S. Small Capital Value ETF			2.7%
Vanguard US Value Factor ETF			2.4%
iShares MSCI USA Momentum Factor ETF			2.4%

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

Material Fund Changes

This is a summary of material changes made to the Fund since September 1, 2023:

Effective December 29, 2023, following the election of new Trustees by the shareholders of the Symmetry Panoramic Trust, the Trust, including the Fund, transitioned onto the SEI Advisors’ Inner Circle mutual-fund platform.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

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

An image of a QR code that, when scanned, navigates the user to the following URL: https://confluence.com

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

Householding

Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as “householding” and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds.

The Symmetry Panoramic Trust

Symmetry Panoramic US Equity Fund / Class I Shares - SPUSX

Annual Shareholder Report - August 31, 2024

SYM-AR-TSR-2024-7

Symmetry Panoramic International Equity Fund

The Symmetry Panoramic Trust

Class I Shares - SPILX

Annual Shareholder Report - August 31, 2024

This annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic International Equity Fund (the "Fund") for the period from September 1, 2023 to August 31, 2024. You can find additional information about the Fund at https://panoramicfunds.com/international-equity-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). This annual shareholder report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic International Equity Fund, Class I Shares	$71	0.65%

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2024 and was up 17.37% but trailed its benchmark, the MSCI ACWI ex USA IMI NR, by 0.41%. With respect to style factors, in ex USA Developed Markets, size and low volatility underperformed while value and momentum outperformed. In Emerging Markets, size and low volatility underperformed while value, quality, and momentum outperformed. In the trailing 3-year period, the Fund was up 1.96% annualized and bested its benchmark by 0.25%.

Fiscal 2024 was a very strong year for both equity and fixed income investors across the globe. As economies that had been aggressively stimulated during the pandemic returned to normal levels of activity, inflation emerged. The Fed responded with a series of increases in the Federal Funds rate to combat inflation and the US inflation data suggest the Fed’s actions to tame inflation have been effective. As of the end of August 2024, the Fed funds target stood at 525-575 bps. The economy stayed strong with GDP growth remaining positive throughout the hiking cycle, while US inflation as measured by year over year CPI change decreased from 3.7% to 2.6% over Fiscal 2024. Despite the concerns of heightened inflation and the impact of the Fed’s actions on output, equity returns were strong globally.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

	Symmetry Panoramic International Equity Fund, Class I Shares - $14552	MSCI ACWI ex-USA IMI (Net) (USD)* - $15005
Nov/18	$10000	$10000
Aug/19	$10293	$10391
Aug/20	$10744	$11291
Aug/21	$13728	$14260
Aug/22	$11218	$11413
Aug/23	$12398	$12739
Aug/24	$14552	$15005

Average Annual Total Returns as of August 31, 2024

Fund/Index Name	1 Year	5 Years	Annualized Since Inception
Symmetry Panoramic International Equity Fund, Class I Shares	17.37%	7.17%	6.68%
MSCI ACWI ex-USA IMI (Net) (USD)*	17.78%	7.63%	7.24%

Key Fund Statistics as of August 31, 2024

	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$231,275,757	362	$824,834	29%

What did the Fund invest in?

Country Weightings^{Footnote Reference*}

Value	Value
Derivative Contracts (Net)	0.0%
Other Countries	6.3%
France	0.9%
Spain	0.9%
Denmark	1.0%
United Kingdom	1.2%
Germany	1.2%
South Korea	1.4%
Italy	1.4%
Canada	2.3%
China	3.4%
Taiwan	3.4%
Japan	6.8%
United States	69.4%

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

Top Ten Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
DFA Large Cap International Portfolio, Cl I			10.1%
DFA Emerging Markets Portfolio, Cl I			7.4%
DFA International High Relative Profitability Portfolio, Cl I			5.4%
Avantis Emerging Markets Equity ETF			5.3%
DFA International Value Portfolio, Cl I			5.1%
DFA International Small Cap Value Portfolio, Cl I			5.0%
DFA Emerging Markets Small Cap Portfolio, Cl I			4.6%
iShares MSCI EAFE Min Vol Factor ETF			3.5%
iShares MSCI Emerging Markets Min Vol Factor ETF			3.5%
AQR International Defensive Style Fund, Cl R6			3.2%

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

Material Fund Changes

This is a summary of material changes made to the Fund since September 1, 2023:

Effective December 29, 2023, following the election of new Trustees by the shareholders of the Symmetry Panoramic Trust, the Trust, including the Fund, transitioned onto the SEI Advisors’ Inner Circle mutual-fund platform.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

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

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

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic International Equity Fund / Class I Shares - SPILX

Annual Shareholder Report - August 31, 2024

SYM-AR-TSR-2024-4

Symmetry Panoramic Global Equity Fund

The Symmetry Panoramic Trust

Class I Shares - SPGEX

Annual Shareholder Report - August 31, 2024

This annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic Global Equity Fund (the "Fund") for the period from September 1, 2023 to August 31, 2024. You can find additional information about the Fund at https://panoramicfunds.com/global-equity-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). This annual shareholder report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Global Equity Fund, Class I Shares	$62	0.56%

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2024 and was up 22.57% but trailed its benchmark, the MSCI ACWI ex USA IMI NR, by 0.05%. With respect to style factors in the US, small capitalization and low volatility trailed the broad market benchmark, while quality (profitability), value, and momentum outperformed. In ex USA Developed Markets, size and low volatility underperformed while value and momentum outperformed. In Emerging Markets, size and low volatility underperformed while value, quality, and momentum outperformed. Fiscal 2024 was a strong year for equity investors across the globe. The global equity market was up more than 20% for the fiscal year, with ex USA developed equities and emerging markets equities strongly positive but trailing the US equity market which was up over 26%. In the trailing 3-year period, the Fund was up 5.64% annualized and bested its benchmark by 0.45%.

As global economies that had been aggressively stimulated during the pandemic returned to normal levels of activity, inflation emerged. In the US, the Fed responded with a series of increases in the Federal Funds rate to combat inflation and the US inflation data suggest the Fed’s actions to tame inflation have been effective. As of the end of August 2024, the Fed funds target stood at 525-575 bps. The economy stayed strong with GDP growth remaining positive throughout the hiking cycle, while US inflation as measured by year over year CPI change decreased from 3.7% to 2.6% over Fiscal 2024 . Despite the concerns of heightened inflation and the impact of the Fed’s actions on output, equity returns were strong globally.

Multi-factor equity investors have focused on an expected recovery in the equity value factor, after having historically challenging times leading up to and into the COVID pandemic and again in Fiscal 2023. In contrast, Fiscal 2022 and 2024 were strong periods for value investors globally. While we welcome the contribution to performance that the value factor has provided in the most recent three years, we remain aware that each style factor may be in or out of favor over different time periods. Thus, we diversify the funds’ exposure across multiple style factors to reduce the risk inherent in any one factor. Our investment philosophy is based on evidence that style factors have the potential to outperform market capitalization weighted benchmarks over the long-term. We expect the style factors to contribute to long-term relative performance. This remains particularly true with respect to value stocks as they return to a valuation spread with growth stocks that is more in line with historical averages.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

	Symmetry Panoramic Global Equity Fund, Class I Shares - $17393	MSCI ACWI IMI (Net) (USD)* - $18576
Nov/18	$10000	$10000
Aug/19	$10499	$10625
Aug/20	$11126	$12266
Aug/21	$14752	$15959
Aug/22	$12889	$13367
Aug/23	$14190	$15149
Aug/24	$17393	$18576

Average Annual Total Returns as of August 31, 2024

Fund/Index Name	1 Year	5 Years	Annualized Since Inception
Symmetry Panoramic Global Equity Fund, Class I Shares	22.57%	10.62%	10.00%
MSCI ACWI IMI (Net) (USD)*	22.62%	11.82%	11.26%

Key Fund Statistics as of August 31, 2024

	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$426,631,863	915	$1,301,411	31%

What did the Fund invest in?

Country Weightings^{Footnote Reference*}

Value	Value
Derivative Contracts (Net)	0.0%
Other Countries	2.7%
France	0.4%
Sweden	0.4%
Denmark	0.4%
Germany	0.4%
United Kingdom	0.5%
South Korea	0.6%
Italy	0.6%
Canada	0.9%
Taiwan	1.3%
China	1.4%
Japan	2.7%
United States	87.5%

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

Top Ten Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
DFA US Targeted Value Portfolio, Cl I			4.1%
DFA Large Cap International Portfolio, Cl I			3.7%
DFA Real Estate Securities Portfolio, Cl I			2.9%
iShares MSCI Global Min Vol Factor ETF			2.9%
iShares MSCI USA Momentum Factor ETF			2.9%
DFA International High Relative Profitability Portfolio, Cl I			2.2%
DFA International Value Portfolio, Cl I			2.0%
Microsoft			1.8%
DFA International Small Cap Value Portfolio, Cl I			1.7%
Apple			1.7%

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

Material Fund Changes

This is a summary of material changes made to the Fund since September 1, 2023:

Effective December 29, 2023, following the election of new Trustees by the shareholders of the Symmetry Panoramic Trust, the Trust, including the Fund, transitioned onto the SEI Advisors’ Inner Circle mutual-fund platform.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

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

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

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic Global Equity Fund / Class I Shares - SPGEX

Annual Shareholder Report - August 31, 2024

SYM-AR-TSR-2024-2

Symmetry Panoramic Tax-Managed Global Equity Fund

The Symmetry Panoramic Trust

Class I Shares - SPGTX

Annual Shareholder Report - August 31, 2024

This annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic Tax-Managed Global Equity Fund (the "Fund") for the period from September 1, 2023 to August 31, 2024. You can find additional information about the Fund at https://panoramicfunds.com/global-equity-fund-2/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). This annual shareholder report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Tax-Managed Global Equity Fund, Class I Shares	$46	0.42%

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2024 and was up 21.08% but trailed its benchmark, the MSCI ACWI ex USA IMI NR, by 1.54%. With respect to style factors in the US, small capitalization and low volatility trailed the broad market benchmark, while quality, value, and momentum outperformed. In ex USA Developed Markets, size and low volatility underperformed while value and momentum outperformed. In Emerging Markets, size and low volatility underperformed while value, quality, and momentum outperformed. Fiscal 2024 was a strong year for equity investors across the globe. The global equity market was up more than 20% for the fiscal year, with ex USA developed equities and emerging markets equities strongly positive but trailing the US equity market which was up over 26%. In the trailing 3-year period, the Fund was up 5.52% annualized and bested its benchmark by 0.33%.

As global economies that had been aggressively stimulated during the pandemic returned to normal levels of activity, inflation emerged. In the US, the Fed responded with a series of increases in the Federal Funds rate to combat inflation and the US inflation data suggest the Fed’s actions to tame inflation have been effective. As of the end of August 2024, the Fed funds target stood at 525-575 bps. The economy stayed strong with GDP growth remaining positive throughout the hiking cycle, while US inflation as measured by year over year CPI change decreased from 3.7% to 2.6% over Fiscal 2024. Despite the concerns of heightened inflation and the impact of the Fed’s actions on output, equity returns were strong globally.

Multi-factor equity investors have focused on an expected recovery in the equity value factor, after having historically challenging times leading up to and into the COVID pandemic and again in Fiscal 2023. In contrast, Fiscal 2022 and 2024 were strong periods for value investors globally. While we welcome the contribution to performance that the value factor has provided in the most recent three years, we remain aware that each style factor may be in or out of favor over different time periods. Thus, we diversify the funds’ exposure across multiple style factors to reduce the risk inherent in any one factor. Our investment philosophy is based on evidence that style factors have the potential to outperform market capitalization weighted benchmarks over the long-term. We expect the style factors to contribute to long-term relative performance. This remains particularly true with respect to value stocks as they return to a valuation spread with growth stocks that is more in line with historical averages.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

	Symmetry Panoramic Tax-Managed Global Equity Fund, Class I Shares - $17438	MSCI ACWI IMI (Net) (USD)* - $18576
Nov/18	$10000	$10000
Aug/19	$10520	$10625
Aug/20	$11219	$12266
Aug/21	$14840	$15959
Aug/22	$12869	$13367
Aug/23	$14402	$15149
Aug/24	$17438	$18576

Average Annual Total Returns as of August 31, 2024

Fund/Index Name	1 Year	5 Years	Annualized Since Inception
Symmetry Panoramic Tax-Managed Global Equity Fund, Class I Shares	21.08%	10.64%	10.05%
MSCI ACWI IMI (Net) (USD)*	22.62%	11.82%	11.26%

Key Fund Statistics as of August 31, 2024

	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$148,976,373	32	$206,072	3%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Value	Value
Short-Term Investment	0.6%
Registered Investment Companies	99.0%

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

Top Ten Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
AQR Large Capital Multi-Style Fund, Cl R6			14.4%
Dimensional US Equity ETF			12.8%
AQR International Multi-Style Fund, Cl R6			10.0%
DFA US High Relative Profitability Portfolio, Cl I			6.7%
Dimensional US Targeted Value ETF			6.7%
Dimensional US Marketwide Value ETF			6.0%
iShares MSCI Global Min Vol Factor ETF			5.1%
AQR Emerging Multi-Style II Fund, Cl R6			5.1%
DFA Large Cap International Portfolio, Cl I			3.8%
Dimensional US Core Equity 2 ETF			3.3%

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

Material Fund Changes

This is a summary of material changes made to the Fund since September 1, 2023:

Effective December 29, 2023, following the election of new Trustees by the shareholders of the Symmetry Panoramic Trust, the Trust, including the Fund, transitioned onto the SEI Advisors’ Inner Circle mutual-fund platform.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

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

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

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic Tax-Managed Global Equity Fund / Class I Shares - SPGTX

Annual Shareholder Report - August 31, 2024

SYM-AR-TSR-2024-6

Symmetry Panoramic US Systematic Fixed Income Fund

The Symmetry Panoramic Trust

Class I Shares - SPUBX

Annual Shareholder Report - August 31, 2024

This annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic US Systematic Fixed Income Fund (the "Fund") for the period from September 1, 2023 to August 31, 2024. You can find additional information about the Fund at https://panoramicfunds.com/us-systematic-fixed-income-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). This annual shareholder report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic US Systematic Fixed Income Fund, Class I Shares	$50	0.48%

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2024 and was up 6.79% but trailed its current benchmark, the Bloomberg US Aggregate Index, by 0.51%. The Fund outperformed its previous lower duration benchmark, the Bloomberg US Govt/Credit 1-5 Index, by 0.12% in FY 2024. In the trailing 3-year period, the Fund returned -1.01% and bested the Bloomberg US Aggregate Index by 1.10% but trailed the Bloomberg US Govt/Credit 1-5 YR by 1.55%. Symmetry welcomed JP Morgan Investment Management as sub-advisor to the Fund effective December 31, 2023.

Fiscal 2024 was a very strong year for fixed income investors in the US. Fixed income investors benefited from both falling interest rates and narrowing credit spreads. The U.S. Treasury yield curve shifted downward during the fiscal year, especially for shorter maturities. The market yield on the 10-year Constant Maturity US Treasury fell 0.18% (i.e.,4.09% to 3.91%) over the fiscal year , while the market yield on the 1-year Constant Maturity Treasury fell nearly 1% (i.e., 5.37% to 4.38%) over the same period . Corporate credit spreads in the US generally narrowed during the year for both investment grade and high-yield debt .

As the US economy that had been aggressively stimulated during the pandemic returned to normal levels of activity, inflation emerged. The Fed responded with a series of increases in the Federal Funds rate to combat inflation and the US inflation data suggest the Fed’s actions to tame inflation have been effective. As of the end of August 2024, the Fed funds target stood at 525-575 bps. The economy stayed strong with GDP growth remaining positive throughout the hiking cycle, while US inflation as measured by year over year CPI change decreased from 3.7% to 2.6% over Fiscal 2024 . Despite the concerns of heightened inflation and the impact of the Fed’s actions on output, fixed income returns were strong in the US.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

	Symmetry Panoramic US Systematic Fixed Income Fund, Class I Shares - $10961	Bloomberg U.S. Aggregate Bond Index (USD)* - $11158
Nov/18	$10000	$10000
Aug/19	$10775	$11180
Aug/20	$11316	$11904
Aug/21	$11301	$11894
Aug/22	$10287	$10524
Aug/23	$10264	$10399
Aug/24	$10961	$11158

Average Annual Total Returns as of August 31, 2024

Fund/Index Name	1 Year	5 Years	Annualized Since Inception
Symmetry Panoramic US Systematic Fixed Income Fund, Class I Shares	6.79%	0.34%	1.59%
Bloomberg U.S. Aggregate Bond Index (USD)*	7.30%	-0.04%	1.90%

Key Fund Statistics as of August 31, 2024

	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$177,128,943	347	$374,340	232%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Value	Value
U.S. Government Agency Obligation	0.3%
Municipal Bonds	0.5%
Short-Term Investment	1.1%
Sovereign Debt	1.3%
U.S. Treasury Obligations	22.8%
Mortgage-Backed Securities	27.7%
Corporate Obligations	45.7%

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

Top Ten Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
FNMA, 2.00%, 3/1/2052			2.7%
FNMA, 3.00%, 6/1/2052			2.1%
FNMA, 3.50%, 12/1/2052			1.5%
FNMA, 2.50%, 1/1/2052			1.5%
FNMA, 2.50%, 10/1/2051			1.3%
U.S. Treasury Bonds, 1.88%, 2/15/2041			1.2%
U.S. Treasury Bonds, 1.38%, 11/15/2040			1.2%
U.S. Treasury Bonds, 1.38%, 8/15/2050			1.1%
FNMA, 2.00%, 4/1/2052			1.1%
U.S. Treasury Bonds, 2.88%, 5/15/2049			1.1%

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

Material Fund Changes

This is a summary of material changes made to the Fund since September 1, 2023:

o Effective as of December 29, 2023:

Following the election of new Trustees by the shareholders of the Symmetry Panoramic Trust, the Trust, including the Fund, transitioned onto the SEI Advisors’ Inner Circle mutual-fund platform.
J.P. Morgan Investment Management Inc. (“JPMIM”) became a sub-adviser of the Fund.
The name of the Fund changed from the “Symmetry Panoramic U.S. Fixed Income Fund” to the “Symmetry Panoramic U.S. Systematic Fixed Income Fund.”
The investment objective of the Fund changed from seeking total return through exposure to US fixed income securities to seeking income and capital appreciation through systematic exposure to US fixed income securities.
The principal investment strategies of the Fund changed from Symmetry Partners, LLC (“Symmetry”), the Fund’s investment adviser, investing the Fund’s assets pursuant to Symmetry’s investment style, which primarily utilized investments in underlying investment companies, to JPMIM investing the Fund’s assets primarily in securities and derivative instruments directly.
Pursuant to the new principal investment strategies, the Fund is subject to the following new principal risks: Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk; Credit Default Swaps Risk; Foreign (Non-U.S.) Investment Risk; Forward and Futures Contract Risk; Investment Style Risk; Quantitative Investing Risk; and Short Position Risk.
The following are no longer principal risks for the Fund: Asset Allocation Risk, Index Tracking Error Risk, Investment Companies and Exchange-Traded Funds Risk and Underlying Fund Risk.

o Effective as of January 1, 2024, the Fund’s contractual expense limit increased from 0.41% to 0.52% of the average daily net assets of the Fund.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

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

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

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic US Systematic Fixed Income Fund / Class I Shares - SPUBX

Annual Shareholder Report - August 31, 2024

SYM-AR-TSR-2024-8

Symmetry Panoramic Municipal Fixed Income Fund

The Symmetry Panoramic Trust

Class I Shares - SPMFX

Annual Shareholder Report - August 31, 2024

This annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic Municipal Fixed Income Fund (the "Fund") for the period from September 1, 2023 to August 31, 2024. You can find additional information about the Fund at https://panoramicfunds.com/municipal-fixed-income-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). This annual shareholder report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Municipal Fixed Income Fund, Class I Shares	$42	0.41%

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2024 and was up 3.87% but trailed its new benchmark, the Bloomberg US Municipal Bond Index, by 2.22%. The Fund also trailed its previous shorter-duration benchmark, the S&P S/T National AMT Free Muni Index, by 0.33%. In the trailing 3-year period, the Fund returned 0.48% annualized and trailed the S&P S/T National AMT Free Muni Index by 0.47%.

Fiscal 2024 was a very strong year for fixed income investors across the globe. Fixed income investors benefitted from both falling interest rates and narrowing credit spreads. The U.S. Treasury yield curve shifted downward during the fiscal year, especially for shorter maturities. The market yield on the 10-year Constant Maturity US Treasury fell 0.18% (i.e.,4.09% to 3.91%) over the fiscal year, while the market yield on the 1-year Constant Maturity Treasury fell nearly 1% (i.e., 5.37% to 4.38%) over the same period. Corporate credit spreads in the US generally narrowed during the year for both investment grade and high-yield debt.

As economies that had been aggressively stimulated during the pandemic returned to normal levels of activity, inflation emerged. The Fed responded with a series of increases in the Federal Funds rate to combat inflation and the US inflation data suggest the Fed’s actions to tame inflation have been effective. As of the end of August 2024, the Fed funds target stood at 525-575 bps. The economy stayed strong with GDP growth remaining positive throughout the hiking cycle, while US inflation as measured by year over year CPI change decreased from 3.7% to 2.6% over Fiscal 2024. Despite the concerns of heightened inflation and the impact of the Fed’s actions on output, municipal bond returns were strong.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

	Symmetry Panoramic Municipal Fixed Income Fund, Class I Shares - $10628	Bloomberg US Municipal Bond Index (USD)* - $11595
Nov/18	$10000	$10000
Aug/19	$10310	$11019
Aug/20	$10466	$11376
Aug/21	$10477	$11762
Aug/22	$10105	$10747
Aug/23	$10232	$10930
Aug/24	$10628	$11595

Average Annual Total Returns as of August 31, 2024

Fund/Index Name	1 Year	5 Years	Annualized Since Inception
Symmetry Panoramic Municipal Fixed Income Fund, Class I Shares	3.87%	0.61%	1.05%
Bloomberg US Municipal Bond Index (USD)*	6.09%	1.02%	2.58%

Key Fund Statistics as of August 31, 2024

	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$35,967,522	6	$0	7%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Value	Value
Short-Term Investment	1.0%
Registered Investment Companies	99.0%

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

Top Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
DFA Short-Term Municipal Bond Portfolio, Cl I			48.0%
DFA Intermediate-Term Municipal Bond Portfolio, Cl I			24.9%
iShares Short-Term National Muni Bond ETF			11.0%
Vanguard Tax-Exempt Bond Index ETF			9.9%
iShares National Muni Bond ETF			5.1%

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

Material Fund Changes

This is a summary of material changes made to the Fund since September 1, 2023:

Effective December 29, 2023, following the election of new Trustees by the shareholders of the Symmetry Panoramic Trust, the Trust, including the Fund, transitioned onto the SEI Advisors’ Inner Circle mutual-fund platform.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

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

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

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic Municipal Fixed Income Fund / Class I Shares - SPMFX

Annual Shareholder Report - August 31, 2024

SYM-AR-TSR-2024-5

Symmetry Panoramic Global Systematic Fixed Income Fund

The Symmetry Panoramic Trust

Class I Shares - SPGBX

Annual Shareholder Report - August 31, 2024

This annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic Global Systematic Fixed Income Fund (the "Fund") for the period from September 1, 2023 to August 31, 2024. You can find additional information about the Fund at https://panoramicfunds.com/global-systematic-fixed-income-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). This annual shareholder report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Global Systematic Fixed Income Fund, Class I Shares	$54	0.52%

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2024 and was up 6.97% but trailed its benchmark, the Bloomberg Global Aggregate Hedged Index, by 0.51%. In the trailing 3-year period, the Fund returned -1.96% annualized and trailed its benchmark by 1.04%. Symmetry welcomed JP Morgan Investment Management as sub-advisor to the Fund effective December 31, 2023.

Fiscal 2024 was a very strong year for fixed income investors across the globe. Fixed income investors benefited from both falling interest rates and narrowing credit spreads. The U.S. Treasury yield curve shifted downward during the fiscal year, especially for shorter maturities. The market yield on the 10-year Constant Maturity US Treasury fell 0.18% (i.e.,4.09% to 3.91%) over the fiscal year , while the market yield on the 1-year Constant Maturity Treasury fell nearly 1% (i.e., 5.37% to 4.38%) over the same period . Corporate credit spreads in the US generally narrowed during the year for both investment grade and high-yield debt .

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

	Symmetry Panoramic Global Systematic Fixed Income Fund, Class I Shares - $10757	Bloomberg Global Aggregate Hedged Index* - $11273
Nov/18	$10000	$10000
Aug/19	$11058	$11138
Aug/20	$11407	$11502
Aug/21	$11413	$11589
Aug/22	$10082	$10431
Aug/23	$10056	$10489
Aug/24	$10757	$11273

Average Annual Total Returns as of August 31, 2024

Fund/Index Name	1 Year	5 Years	Annualized Since Inception
Symmetry Panoramic Global Systematic Fixed Income Fund, Class I Shares	6.97%	-0.55%	1.26%
Bloomberg Global Aggregate Hedged Index*	7.48%	0.24%	2.09%

Key Fund Statistics as of August 31, 2024

	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$282,008,899	363	$776,628	261%

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Value	Value
Derivative Contracts (Net)	-0.7%
Short-Term Investment	1.1%
Mortgage-Backed Securities	12.0%
U.S. Treasury Obligations	12.8%
Sovereign Debt	22.7%
Corporate Obligations	50.1%

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

Top Ten Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
U.S. Treasury Bonds, 1.75%, 8/15/2041			5.6%
French Republic Government Bond OAT			3.8%
U.S. Treasury Notes, 2.63%, 7/31/2029			3.3%
Japan Government Twenty Year Bond			2.4%
U.S. Treasury Notes, 1.38%, 11/15/2031			1.7%
United Kingdom Gilt			1.7%
Spain Government Bond			1.6%
Bundesschatzanweisungen			1.3%
U.S. Treasury Notes, 3.38%, 5/15/2033			1.2%
FNMA, 2.00%, 3/1/2052			1.1%

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

Material Fund Changes

This is a summary of material changes made to the Fund since September 1, 2023:

o Effective as of December 29, 2023:

Following the election of new Trustees by the shareholders of the Symmetry Panoramic Trust, the Trust, including the Fund, transitioned onto the SEI Advisors’ Inner Circle mutual-fund platform.
J.P. Morgan Investment Management Inc. (“JPMIM”) became a sub-adviser of the Fund.
The name of the Fund changed from the “Symmetry Panoramic Global Fixed Income Fund” to the “Symmetry Panoramic Global Systematic Fixed Income Fund.”
The investment objective of the Fund changed from seeking total return through exposure to global fixed income securities to seeking income and capital appreciation through systematic exposure to global fixed income securities.
The principal investment strategies of the Fund changed from Symmetry Partners, LLC (“Symmetry”), the Fund’s investment adviser, investing the Fund’s assets pursuant to Symmetry’s investment style, which primarily utilized investments in underlying investment companies, to JPMIM investing the Fund’s assets primarily in securities and derivative instruments directly.
Pursuant to the new principal investment strategies, the Fund is subject to the following new principal risks: Asset-Backed, Mortgage-Related and Mortgage-Backed Securities Risk; Credit Default Swaps Risk; Emerging Markets Risk; Investment Style Risk; Quantitative Investing Risk; and Short Position Risk.
The following are no longer principal risks for the Fund: Asset Allocation Risk, Index Tracking Error Risk, Investment Companies and Exchange-Traded Funds Risk and Underlying Fund Risk.

o Effective as of January 1, 2024, the Fund’s contractual expense limit increased from 0.43% to 0.57% of the average daily net assets of the Fund.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

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

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

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic Global Systematic Fixed Income Fund / Class I Shares - SPGBX

Annual Shareholder Report - August 31, 2024

SYM-AR-TSR-2024-3

Symmetry Panoramic Alternatives Fund

The Symmetry Panoramic Trust

Class I Shares - SPATX

Annual Shareholder Report - August 31, 2024

This annual shareholder report contains important information about Class I Shares of the Symmetry Panoramic Alternatives Fund (the "Fund") for the period from September 1, 2023 to August 31, 2024. You can find additional information about the Fund at https://panoramicfunds.com/alternatives-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). This annual shareholder report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment)

Fund Name	Costs of a $10,000 investment	Costs paid as a percentage of a $10,000 investment
Symmetry Panoramic Alternatives Fund, Class I Shares	$53	0.51%

How did the Fund perform in the last year?

The Fund was up 7.97% in FY 2024. In comparison, global equities as represented by the MSCI ACWI IMI was up 22.62%. In the trailing 5-year period, the Fund was up 6.33% annualized while the MSCI ACWI IMI was up 11.82%.

Our alternatives fund has three main themes. Specifically, managed futures, long-short styles across asset classes, and diversified arbitrage strategies. In FY 2024, the long-short style and diversified arbitrage themes both resulted in positive performance for the Panoramic Alternative Fund while the managed futures theme was down slightly for the period. The Fund seeks to provide an uncorrelated return stream to equity markets and with lower risk as measured by standard deviation of returns. Over the previous 3-years, the pairwise correlation using monthly returns of the Fund to the global equity returns was -0.09 with a standard deviation of monthly returns less than half of that for global equity. Investors can benefit from having additional diversification to alternative asset classes as compared to portfolios with exposure only to traditional asset classes such as global equity.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

	Symmetry Panoramic Alternatives Fund, Class I Shares - $13919	MSCI ACWI IMI (Net) (USD)* - $18576
Nov/18	$10000	$10000
Aug/19	$10239	$10625
Aug/20	$9815	$12266
Aug/21	$10899	$15959
Aug/22	$12190	$13367
Aug/23	$12892	$15149
Aug/24	$13919	$18576

Average Annual Total Returns as of August 31, 2024

Fund/Index Name	1 Year	5 Years	Annualized Since Inception
Symmetry Panoramic Alternatives Fund, Class I Shares	7.97%	6.33%	5.86%
MSCI ACWI IMI (Net) (USD)*	22.62%	11.82%	11.26%

Key Fund Statistics as of August 31, 2024

	Total Net Assets	Number of Holdings	Total Advisory Fees Paid	Portfolio Turnover Rate
	$6,764,142	5	$0	11%

What did the Fund invest in?

Sector Weightings^{Footnote Reference*}

Value	Value
Short-Term Investment	4.1%
Registered Investment Companies	94.7%

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

Top Holdings

Holding Name			Percentage of Total Net Assets^{Footnote Reference(A)}
AQR Diversified Arbitrage Fund, Cl R6			47.6%
AQR Managed Futures Strategy Fund, Cl R6			23.1%
AQR Style Premia Alternative Fund, Cl R6			19.3%
AQR Alternative Risk Premia Fund, Cl R6			4.7%

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

Material Fund Changes

This is a summary of material changes made to the Fund since September 1, 2023:

Effective December 29, 2023, following the election of new Trustees by the shareholders of the Symmetry Panoramic Trust, the Trust, including the Fund, transitioned onto the SEI Advisors’ Inner Circle mutual-fund platform.

Changes in and Disagreements with Accountants

There were no changes in or disagreements with accountants during the reporting period.

Additional Information

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

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

Householding

The Symmetry Panoramic Trust

Symmetry Panoramic Alternatives Fund / Class I Shares - SPATX

Annual Shareholder Report - August 31, 2024

SYM-AR-TSR-2024-1

(b)

Not applicable.

Item 2. Code of Ethics.

The Registrant (also referred to as the “Trust”) has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, controller or principal accounting officer, and any person who performs a similar function. There have been no amendments to or waivers granted to this code of ethics during the period covered by this report.

Item 3. Audit Committee Financial Expert.

(a) (1) The Registrant’s Board of Trustees has determined that the Registrant has an audit committee financial expert serving on the audit committee.

(a) (2) The audit committee financial experts Thomas P. Lemke and Jay Nadel are independent trustees as defined in Form N-CSR Item 3 (a) (2).

Item 4. Principal Accountant Fees and Services.

Fees billed by Cohen & Company, Ltd (Cohen) related to the Registrant.

Cohen billed the Registrant aggregate fees for services rendered to the Registrant for the last two fiscal years as follows:

		2024			2023
		All fees and services to the Trust that were pre-approved	All fees and services to service affiliates that were pre-approved	All other fees and services to service affiliates that did not require pre-approval	All fees and services to the Trust that were pre-approved	All fees and services to service affiliates that were pre-approved	All other fees and services to service affiliates that did not require pre-approval
(a)	Audit Fees	$137,800	N/A	N/A	$110,000	N/A	N/A
(b)	Audit-Related Fees	$1,500	N/A	N/A	N/A	N/A	N/A
(c)	Tax Fees	$30,750	N/A	N/A	$28,750	N/A	N/A
(d)	All Other Fees	N/A	N/A	N/A	N/A	N/A	N/A

(e)(1) The Trust’s Audit Committee must pre-approve all audit and non-audit services provided by the Trust’s independent registered public accounting firm (the "Auditor") relating to the operations or financial reporting of the funds. The Trust’s Audit Committee has adopted, and the Board of Trustees has ratified, an Audit and Non-Audit Services Pre-Approval Policy (the “Policy”), which sets forth the Audit Committee’s considerations of audit-related and non-audit services provided by the Auditor. As a general matter, the Policy requires that the Audit Committee shall pre-approve all audit services and permissible non-audit services rendered to a fund or to the Adviser or its Affiliated Persons that provide ongoing services to the Funds if such engagement relates to the operations and financial reporting of the Trust.

(e)(2) Percentage of fees billed applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows:

	2024	2023
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

(f) Not Applicable.

(g) The aggregate non-audit fees and services billed by Cohen for the fiscal years 2024 and 2023 were $30,750 and $28,750, respectively.

(h) During the past fiscal year, all non-audit services provided by the Registrant’s principal accountant either to the Registrant’s investment adviser or to any entity controlling, controlled by, or under common control with the Registrant’s investment adviser that provides ongoing services to the Registrant, were pre-approved by the audit committee of the Registrant’s Board of Trustees. Included in the audit committee’s pre-approval was the review and consideration as to whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence.

(i) Not Applicable. The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the “PCAOB”) has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.

(j) Not Applicable. The Registrant is not a “foreign issuer,” as defined in 17 CFR § 240.3b-4.

Item 5. Audit Committee of Listed Registrants.

Not applicable to open-end management investment companies.

Item 6. Schedule of Investments.

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

(b) Not applicable.

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

Financial statements and financial highlights are filed herein.

Symmetry Panoramic Trust

Annual Financials and Other Information

AUGUST 31, 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
AUGUST 31, 2024

Table of Contents

Financial Statements (Form N-CSR Item 7)
Schedules of Investments	1
Statements of Assets and Liabilities	111
Statements of Operations	115
Statements of Changes in Net Assets	119
Financial Highlights	127
Notes to Financial Statements	135
Report of Independent Registered Public Accounting Firm	174
Notice to Shareholders	176
Sub-Advisory Agreement Approval Disclosure (Form N-CSR Item 11)	178

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

SCHEDULE OF INVESTMENTS
COMMON STOCK — 65.6%
	Shares		Value
BERMUDA — 0.0%
RenaissanceRe Holdings		287	$	73,125

CHINA — 0.1%
NXP Semiconductors		1,090		279,432

IRELAND — 0.4%
Accenture, Cl A		5,702		1,949,799

MEXICO — 0.0%
Southern Copper		456		46,384

UNITED STATES — 65.1%
COMMUNICATION SERVICES — 5.3%
Alphabet, Cl A		29,850		4,876,893
Alphabet, Cl C		17,975		2,967,852
AT&T		30,892		614,751
Atlanta Braves Holdings, Cl C *		87		3,713
Charter Communications, Cl A *		532		184,891
Comcast, Cl A		20,717		819,772
Electronic Arts		938		142,407
Fox, Cl A		2,772		114,678
Fox, Cl B		2,648		101,763
GCI Liberty *⁽¹⁾		1,489		—
Interpublic Group		3,520		114,787
Liberty Media -Liberty Formula One, Cl C *		2,002		156,256
Liberty Media -Liberty SiriusXM *		2,176		51,854
Liberty Media -Liberty SiriusXM, Cl A *		1,491		35,501
Live Nation Entertainment *		1,417		138,398
Meta Platforms, Cl A		17,319		9,028,568
Netflix *		2,447		1,716,203
News, Cl A		2,994		84,820
News, Cl B		1,153		33,933
Omnicom Group		2,174		218,335
Pinterest, Cl A *		1,763		56,487
ROBLOX, Cl A *		653		28,725
Snap, Cl A *		4,654		43,468
Spotify Technology *		140		48,003
Take-Two Interactive Software *		528		85,383
T-Mobile US		2,437		484,281

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
COMMUNICATION SERVICES — continued
Trade Desk, Cl A *		1,417	$	148,119
Verizon Communications		32,911		1,375,022
Walt Disney		5,223		472,055
Warner Bros Discovery *		17,166		134,581
				24,281,499

CONSUMER DISCRETIONARY — 7.5%
Airbnb, Cl A *		497		58,303
Amazon.com *		44,361		7,918,438
Aptiv *		1,406		100,571
AutoNation *		7,727		1,375,251
AutoZone *		177		563,122
Best Buy		2,631		264,152
Booking Holdings		97		379,195
Burlington Stores *		468		125,536
CarMax *		898		75,926
Carnival *		5,725		94,463
Chipotle Mexican Grill, Cl A *		6,100		342,088
Choice Hotels International		751		95,820
Churchill Downs		381		52,948
Darden Restaurants		1,101		174,123
Deckers Outdoor *		633		607,231
Dick's Sporting Goods		6,448		1,527,918
Domino's Pizza		462		191,365
DoorDash, Cl A *		1,624		209,025
DR Horton		6,143		1,159,553
DraftKings, Cl A *		1,540		53,130
eBay		3,214		189,947
Expedia Group *		868		120,730
Floor & Decor Holdings, Cl A *		548		61,617
Ford Motor		32,219		360,531
Gap		15,506		347,800
Garmin		1,592		291,798
General Motors		6,153		306,296
Genuine Parts		1,331		190,679
H&R Block		1,278		80,910
Hilton Worldwide Holdings		836		183,619
Home Depot		4,177		1,539,225
Hyatt Hotels, Cl A		425		64,566
Las Vegas Sands		3,090		120,479

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
CONSUMER DISCRETIONARY — continued
Lennar, Cl A		3,993	$	726,966
Lennar, Cl B		300		50,649
LKQ		2,392		99,483
Lowe's		3,180		790,230
Lululemon Athletica *		1,561		405,033
Marriott International, Cl A		891		209,109
McDonald's		2,047		590,887
NIKE, Cl B		3,907		325,531
NVR *		30		275,174
Ollie's Bargain Outlet Holdings *		831		74,424
O'Reilly Automotive *		426		481,367
Penske Automotive Group		7,045		1,198,355
Pool		835		293,603
PulteGroup		9,286		1,222,502
Ralph Lauren, Cl A		644		110,291
Rivian Automotive, Cl A *		3,071		43,393
Ross Stores		2,120		319,293
Royal Caribbean Cruises *		7,313		1,203,866
Service International		517		40,466
Starbucks		2,498		236,236
Tesla *		6,228		1,333,477
TJX		6,110		716,520
Toll Brothers		12,071		1,739,069
TopBuild *		1,359		534,114
Tractor Supply		2,843		760,645
Ulta Beauty *		475		167,599
Williams-Sonoma		9,258		1,243,627
Wingstop		431		166,413
Yum! Brands		1,600		215,872
				34,800,549

CONSUMER STAPLES — 3.8%
Altria Group		5,769		310,199
Archer-Daniels-Midland		3,138		191,387
BJ's Wholesale Club Holdings *		613		49,016
Brown-Forman, Cl A		359		16,424
Brown-Forman, Cl B		2,007		91,499
Bunge Global		1,542		156,328
Campbell Soup		2,634		130,962
Casey's General Stores		1,107		401,077

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
CONSUMER STAPLES — continued
Celsius Holdings *		1,041	$	39,589
Church & Dwight		1,433		145,994
Clorox		754		119,366
Coca-Cola		13,951		1,011,029
Colgate-Palmolive		3,023		321,950
Conagra Brands		2,688		83,866
Constellation Brands, Cl A		809		194,734
Costco Wholesale		1,448		1,292,166
Dollar General		1,613		133,831
Dollar Tree *		2,152		181,822
General Mills		4,001		289,232
Hershey		969		187,075
Hormel Foods		2,061		67,086
Kellanova		3,205		258,355
Kenvue		9,502		208,569
Keurig Dr Pepper		5,805		212,521
Kimberly-Clark		1,284		185,743
Kraft Heinz		5,219		184,909
Kroger		8,706		463,246
McCormick		1,225		97,954
Mondelez International, Cl A		4,741		340,451
Monster Beverage *		3,613		170,281
PepsiCo		7,413		1,281,559
Performance Food Group *		1,259		93,972
Philip Morris International		4,407		543,339
Procter & Gamble		8,363		1,434,589
Sysco		4,239		330,515
Target		8,080		1,241,250
Tyson Foods, Cl A		374		24,052
US Foods Holding *		3,133		185,505
Walmart		60,101		4,641,600
WK Kellogg		1,078		18,501
				17,331,543

ENERGY — 2.8%
Baker Hughes, Cl A		8,583		301,864
Cheniere Energy		2,322		430,174
Chevron		7,970		1,179,161
ConocoPhillips		6,648		756,476
Coterra Energy		4,350		105,836

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
ENERGY — continued
Devon Energy		12,909	$	578,065
Diamondback Energy		5,824		1,136,321
EOG Resources		3,951		508,968
EQT		2,836		95,034
Exxon Mobil		27,200		3,207,921
Halliburton		11,488		357,162
Hess		2,582		356,471
Kinder Morgan		12,238		263,974
Marathon Oil		7,032		201,467
Marathon Petroleum		4,453		788,715
Occidental Petroleum		9,302		530,028
ONEOK		4,390		405,460
Phillips 66		1,929		270,658
Range Resources		1,104		32,988
Schlumberger		6,500		285,935
Targa Resources		2,988		438,937
Texas Pacific Land		192		166,827
Valero Energy		2,777		407,469
Williams		4,842		221,618
				13,027,529

FINANCIALS — 9.5%
Aflac		5,841		644,613
Allstate		4,063		767,663
Ally Financial		4,427		191,202
American Express		2,792		722,151
American Financial Group		483		64,538
American International Group		3,061		235,850
Ameriprise Financial		3,529		1,586,074
Aon, Cl A		1,598		549,265
Apollo Global Management		1,166		134,941
Arch Capital Group *		9,456		1,069,379
Ares Management, Cl A		908		132,931
Arthur J Gallagher		775		226,742
Assurant		1,374		269,785
Assured Guaranty		9,901		792,872
Bank of America		22,174		903,591
Bank of New York Mellon		4,818		328,684
Bank OZK		3,480		150,858
Berkshire Hathaway, Cl B *		5,731		2,727,498

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
FINANCIALS — continued
BlackRock, Cl A		388	$	349,902
Blackstone, Cl A		406		57,798
Block, Cl A *		2,074		137,050
Brown & Brown		1,825		191,862
Capital One Financial		1,366		200,706
Carlyle Group		3,728		149,605
Cboe Global Markets		775		159,185
Charles Schwab		4,707		306,426
Chubb		1,268		360,340
Cincinnati Financial		1,253		171,699
Citigroup		5,968		373,836
Citizens Financial Group		19,944		858,589
CME Group, Cl A		1,292		278,736
CNA Financial		13,520		701,958
Coinbase Global, Cl A *		300		55,008
Corebridge Financial		4,281		126,546
Corpay *		765		241,396
Discover Financial Services		1,885		261,468
East West Bancorp		8,019		674,157
Equitable Holdings		3,036		129,091
Erie Indemnity, Cl A		206		104,695
Everest Group		277		108,650
FactSet Research Systems		217		91,756
Fidelity National Financial		6,086		358,831
Fidelity National Information Services		1,785		147,173
Fifth Third Bancorp		6,198		264,593
First American Financial		1,494		95,317
First Citizens BancShares, Cl A		272		552,350
First Hawaiian		37,530		913,105
Fiserv *		2,422		422,881
Global Payments		1,022		113,452
Goldman Sachs Group		1,013		516,883
Hartford Financial Services Group		6,201		719,936
Huntington Bancshares		10,403		155,733
Interactive Brokers Group, Cl A		500		64,445
Intercontinental Exchange		1,928		311,468
Jack Henry & Associates		664		114,892
Jefferies Financial Group		1,907		114,325
JPMorgan Chase		33,956		7,633,309
KeyCorp		2,407		41,063
Kinsale Capital Group		96		47,145

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
FINANCIALS — continued
KKR		1,501	$	185,779
Loews		1,638		134,218
LPL Financial Holdings		893		200,336
M&T Bank		1,264		217,547
Markel Group *		83		132,856
Marsh & McLennan		2,448		556,945
Mastercard, Cl A		3,074		1,485,787
MetLife		4,910		380,427
Moody's		645		314,592
Morgan Stanley		9,461		980,254
Morningstar		412		129,273
MSCI, Cl A		334		193,917
Nasdaq		7,643		550,907
Northern Trust		1,519		138,548
OneMain Holdings, Cl A		921		45,507
PayPal Holdings *		1,941		140,587
PNC Financial Services Group		1,429		264,494
Primerica		441		116,084
Principal Financial Group		2,061		167,807
Progressive		5,413		1,365,159
Prudential Financial		2,295		278,062
Raymond James Financial		1,803		215,585
Regions Financial		8,039		188,273
Reinsurance Group of America, Cl A		824		181,906
Robinhood Markets, Cl A *		3,221		64,807
S&P Global		727		373,125
State Street		2,265		197,282
Synchrony Financial		3,577		179,780
T Rowe Price Group		749		79,424
Toast, Cl A *		1,965		48,850
Tradeweb Markets, Cl A		940		111,146
Travelers		3,002		684,666
Truist Financial		1,659		73,759
Unum Group		2,200		122,078
US Bancorp		5,768		272,423
Visa, Cl A		5,387		1,488,805
Wells Fargo		10,934		639,311
Willis Towers Watson		785		229,306
WR Berkley		6,083		363,155

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
FINANCIALS — continued
Zions Bancorp		5,688	$	281,897
				43,950,661

HEALTH CARE — 7.3%
Abbott Laboratories		4,221		478,113
AbbVie		9,746		1,913,237
Agilent Technologies		1,872		267,546
Align Technology *		224		53,137
Alnylam Pharmaceuticals *		673		176,790
Amgen		2,330		777,824
Avantor *		1,793		46,331
Baxter International		4,013		152,253
Becton Dickinson		973		235,865
Biogen *		647		132,480
BioMarin Pharmaceutical *		1,333		121,583
Bio-Techne		1,088		80,501
Boston Scientific *		3,338		273,015
Bristol-Myers Squibb		11,506		574,725
Bruker		600		40,314
Cardinal Health		1,407		158,597
Cencora, Cl A		4,545		1,088,846
Centene *		3,226		254,306
Cigna Group		2,205		797,791
Cooper		1,536		162,401
CVS Health		4,430		253,573
Danaher		4,516		1,216,204
DaVita *		207		31,240
DexCom *		882		61,158
Edwards Lifesciences *		1,683		117,743
Elevance Health		1,713		953,953
Eli Lilly		6,669		6,402,373
Fortrea Holdings *		905		20,869
GE HealthCare Technologies		3,384		287,059
Gilead Sciences		7,079		559,241
GRAIL *		51		722
HCA Healthcare		4,455		1,762,353
Hologic *		1,266		102,850
Humana		442		156,676
ICON *		103		33,172
IDEXX Laboratories *		1,145		551,123

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
HEALTH CARE — continued
Illumina *		307	$	40,340
Insmed *		481		36,782
Insulet *		201		40,757
Intuitive Surgical *		402		198,037
IQVIA Holdings *		1,292		325,003
Johnson & Johnson		7,431		1,232,506
Labcorp Holdings		897		206,211
McKesson		2,186		1,226,521
Medtronic		3,111		275,572
Merck		6,471		766,490
Mettler-Toledo International *		106		152,542
Moderna *		1,867		144,506
Molina Healthcare *		1,968		688,387
Natera *		208		24,598
Neurocrine Biosciences *		1,366		173,564
Pfizer		12,288		356,475
Quest Diagnostics		2,786		437,318
Regeneron Pharmaceuticals *		280		331,713
ResMed		934		228,849
Revvity		1,035		126,829
Royalty Pharma, Cl A		2,289		66,450
Sarepta Therapeutics *		356		48,338
Solventum *		437		27,984
STERIS		725		174,797
Stryker		875		315,367
Teleflex		452		110,817
Tenet Healthcare *		133		22,057
Thermo Fisher Scientific		1,564		961,969
United Therapeutics *		2,480		901,604
UnitedHealth Group		2,879		1,699,186
Universal Health Services, Cl B		1,106		263,195
Veeva Systems, Cl A *		147		31,817
Vertex Pharmaceuticals *		1,412		700,197
Viatris, Cl W		4,807		58,068
Waters *		379		131,267
West Pharmaceutical Services		357		111,966
Zimmer Biomet Holdings		1,021		117,885
Zoetis, Cl A		3,859		708,088
				33,760,016

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INDUSTRIALS — 10.3%
3M		1,746	$	235,169
A O Smith		762		63,795
Advanced Drainage Systems		211		33,076
AECOM		2,872		287,602
Air Lease, Cl A		1,766		81,713
Allegion		506		70,253
Allison Transmission Holdings		3,317		307,652
AMETEK		2,414		412,915
Automatic Data Processing		1,516		418,280
Axon Enterprise *		214		78,104
AZEK, Cl A *		11,143		475,026
Boeing *		1,154		200,496
Booz Allen Hamilton Holding, Cl A		5,653		897,583
Broadridge Financial Solutions		1,887		401,667
Builders FirstSource *		10,767		1,873,458
Carlisle		1,249		529,326
Carrier Global		2,529		184,061
Caterpillar		2,554		909,479
CH Robinson Worldwide		448		46,372
Cintas		1,384		1,114,286
Clean Harbors *		434		106,721
Copart *		10,645		563,759
Core & Main, Cl A *		1,408		67,626
CSX		11,122		381,151
Cummins		1,258		393,565
Deere		1,501		578,996
Delta Air Lines		21,674		920,928
Dover		4,268		793,976
Eaton		6,169		1,893,451
EMCOR Group		459		180,415
Emerson Electric		1,298		136,796
Equifax		822		252,461
Esab		7,767		815,302
Expeditors International of Washington		1,523		187,953
Fastenal		12,553		857,119
FedEx		1,424		425,448
Ferguson Enterprises		1,515		311,651
Fortive		2,477		184,289
Fortune Brands Innovations		322		25,570
GE Vernova *		838		168,371
General Dynamics		832		249,068

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INDUSTRIALS — continued
General Electric		6,296	$	1,099,349
Graco		963		80,266
HEICO		933		239,370
HEICO, Cl A		408		81,637
Honeywell International		2,962		615,829
Howmet Aerospace		8,692		840,169
Hubbell, Cl B		2,267		906,619
Huntington Ingalls Industries		492		139,123
IDEX		511		105,511
Illinois Tool Works		1,102		279,004
Ingersoll Rand		7,461		682,308
ITT		3,419		475,993
Jacobs Solutions		3,618		545,884
JB Hunt Transport Services		1,883		326,136
Johnson Controls International		4,525		329,646
L3Harris Technologies		984		232,883
Landstar System		522		95,296
Leidos Holdings		1,327		210,343
Lennox International		513		302,767
Lincoln Electric Holdings		224		43,369
Lockheed Martin		1,167		662,973
Masco		1,281		101,916
Nordson		959		246,041
Norfolk Southern		870		222,859
Northrop Grumman		514		268,930
Old Dominion Freight Line		5,781		1,114,577
Otis Worldwide		2,336		221,196
Owens Corning		4,298		725,202
PACCAR		7,325		704,519
Parker-Hannifin		2,116		1,270,023
Paychex		1,441		189,059
Pentair		1,060		94,011
Quanta Services		6,611		1,818,884
Regal Beloit		493		82,730
Republic Services, Cl A		1,006		209,459
Rockwell Automation		1,009		274,478
Rollins		3,031		152,096
RTX		4,152		512,108
Ryder System		524		76,106
Snap-on		1,532		434,690
Southwest Airlines		1,374		39,736

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INDUSTRIALS — continued
SS&C Technologies Holdings		1,339	$	100,546
Stanley Black & Decker		700		71,652
Tetra Tech		304		72,273
Textron		2,043		186,322
Timken		1,532		129,500
Toro		1,660		153,716
Trane Technologies		6,011		2,173,938
TransDigm Group		180		247,178
TransUnion		863		83,547
Uber Technologies *		1,759		128,636
U-Haul Holding *		274		19,459
U-Haul Holding, Cl B		2,086		142,578
Union Pacific		2,078		532,155
United Airlines Holdings *		3,592		158,192
United Parcel Service, Cl B		3,099		398,376
United Rentals		3,725		2,761,194
Veralto		880		98,938
Verisk Analytics, Cl A		1,747		476,617
Vertiv Holdings, Cl A		13,046		1,083,209
Waste Management		1,368		290,071
Watsco		701		333,269
Westinghouse Air Brake Technologies		2,478		420,194
WW Grainger		956		941,584
XPO *		6,471		741,706
Xylem		3,101		426,481
				47,339,355

INFORMATION TECHNOLOGY — 15.5%
Adobe *		1,372		788,090
Advanced Micro Devices *		3,669		545,067
Akamai Technologies *		1,152		117,320
Amdocs		475		41,311
Amphenol, Cl A		4,684		315,936
Analog Devices		1,548		363,532
ANSYS *		498		160,067
Apple		57,532		13,174,828
Applied Materials		2,359		465,336
AppLovin, Cl A *		9,063		841,681
Arista Networks *		2,308		815,601
Arrow Electronics *		589		79,562

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — continued
Aspen Technology *		407	$	95,295
Atlassian, Cl A *		245		40,572
Autodesk *		1,242		320,933
Bentley Systems, Cl B		1,009		51,933
Broadcom		11,849		1,929,254
Cadence Design Systems *		2,921		785,545
CDW		4,232		954,908
Cisco Systems		16,091		813,239
Cognizant Technology Solutions, Cl A		2,906		226,000
Corning		6,629		277,424
Crowdstrike Holdings, Cl A *		183		50,742
Datadog, Cl A *		214		24,880
Dell Technologies, Cl C		872		100,751
Dynatrace *		1,440		72,893
Enphase Energy *		893		108,089
Entegris		1,102		127,689
Fair Isaac *		607		1,050,274
First Solar *		662		150,519
Flex *		5,048		164,010
Fortinet *		6,551		502,527
Gartner *		704		346,340
Gen Digital		3,649		96,553
GLOBALFOUNDRIES *		236		11,016
GoDaddy, Cl A *		974		163,057
Hewlett Packard Enterprise		11,090		214,813
HP		5,656		204,634
HubSpot *		117		58,391
Intel		10,886		239,927
International Business Machines		4,430		895,436
Intuit		556		350,425
Jabil		809		88,408
Juniper Networks		4,413		171,577
Keysight Technologies *		4,639		714,963
KLA		2,462		2,017,437
Kyndryl Holdings *		12,505		296,243
Lam Research		2,130		1,748,751
Manhattan Associates *		800		211,544
Marvell Technology		2,256		171,997
Microchip Technology		4,495		369,309
Micron Technology		2,515		242,044
Microsoft		35,672		14,880,218

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — continued
MongoDB, Cl A *		114	$	33,150
Monolithic Power Systems		232		216,846
Motorola Solutions		1,277		564,485
NetApp		1,536		185,426
Nutanix, Cl A *		1,279		80,820
NVIDIA		108,214		12,917,505
Okta, Cl A *		1,432		112,741
ON Semiconductor *		4,566		355,554
Oracle		6,085		859,750
Palantir Technologies, Cl A *		2,157		67,902
Palo Alto Networks *		558		202,398
Pegasystems		1,717		121,701
PTC *		583		104,409
Pure Storage, Cl A *		1,082		55,496
Qorvo *		695		80,544
QUALCOMM		5,384		943,815
Roper Technologies		279		154,680
Salesforce		2,215		560,173
Seagate Technology Holdings		1,194		118,863
ServiceNow *		215		183,825
Skyworks Solutions		918		100,604
Snowflake, Cl A *		606		69,223
Super Micro Computer *		163		71,345
Synopsys *		1,826		948,753
TD SYNNEX		3,576		434,198
TE Connectivity		1,517		233,011
Teledyne Technologies *		1,146		495,989
Teradyne		4,395		600,928
Texas Instruments		4,046		867,220
Trimble *		1,542		87,416
Twilio, Cl A *		952		59,748
Tyler Technologies *		233		136,974
VeriSign *		497		91,398
Western Digital *		2,380		156,104
Workday, Cl A *		187		49,217
Zebra Technologies, Cl A *		450		155,421
Zoom Video Communications, Cl A *		352		24,316
Zscaler *		223		44,596
				71,595,435

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
MATERIALS — 1.8%
Air Products & Chemicals		312	$	87,001
Amcor		11,449		130,977
AptarGroup		303		46,417
Avery Dennison		1,124		249,359
Ball		300		19,143
Celanese, Cl A		1,077		140,656
CF Industries Holdings		1,420		117,988
Corteva		4,158		238,253
Dow		5,721		306,531
DuPont de Nemours		2,667		224,695
Eastman Chemical		667		68,281
Ecolab		205		51,902
Element Solutions		4,689		125,384
Freeport-McMoRan		11,572		512,408
Graphic Packaging Holding		5,617		168,117
International Flavors & Fragrances		275		28,597
International Paper		4,583		221,909
Linde		1,504		719,288
LyondellBasell Industries, Cl A		3,547		350,089
Martin Marietta Materials		394		210,459
Newmont		3,803		203,042
Nucor		4,473		679,494
Packaging Corp of America		2,022		423,690
PPG Industries		1,035		134,271
Reliance		2,911		834,438
RPM International		3,293		382,811
Sherwin-Williams		1,439		531,523
Steel Dynamics		7,283		870,391
Vulcan Materials		975		239,080
Westlake		563		81,883
				8,398,077

REAL ESTATE — 0.2%
CBRE Group, Cl A *		5,101		587,329
CoStar Group *		1,247		96,393
Zillow Group, Cl C *		1,064		58,839
				742,561

UTILITIES — 1.1%
AES		2,251		38,560

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
UTILITIES — continued
Alliant Energy		1,852	$	107,916
Ameren		1,029		84,903
American Electric Power		2,485		249,196
American Water Works		752		107,626
Atmos Energy		848		110,867
CenterPoint Energy		4,401		120,147
CMS Energy		1,584		107,490
Consolidated Edison		1,713		173,972
Constellation Energy		1,171		230,336
Dominion Energy		2,595		145,060
DTE Energy		1,300		162,526
Duke Energy		2,189		249,437
Edison International		1,730		150,562
Entergy		1,355		163,535
Evergy		1,983		117,275
Eversource Energy		816		55,104
Exelon		4,665		177,690
FirstEnergy		3,669		161,142
NextEra Energy		5,744		462,449
NiSource		5,185		171,416
NRG Energy		2,500		212,525
PG&E		11,383		224,245
PPL		5,203		166,028
Public Service Enterprise Group		2,477		200,018
Sempra		2,053		168,716
Southern		3,107		268,445
Vistra		4,688		400,496
WEC Energy Group		904		84,099
Xcel Energy		1,327		81,252
				5,153,033

				300,380,258
Total Common Stock
(Cost $153,940,280)				302,728,998
REGISTERED INVESTMENT COMPANIES — 33.3%

EQUITY FUNDS — 33.3%
AQR Large Cap Defensive Style Fund, Cl R6 *		362,555		9,237,896
Avantis U.S. Small Capital Value ETF		128,592		12,333,259

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

REGISTERED INVESTMENT COMPANIES — continued
	Shares		Value
EQUITY FUNDS — continued
DFA Real Estate Securities Portfolio, Cl I *		510,203	$	22,086,685
DFA US Small Cap Portfolio, Cl I *		190,859		9,258,557
DFA US Targeted Value Portfolio, Cl I *		578,697		19,803,003
Dimensional US Small Cap ETF		154,192		9,934,590
Dimensional US Targeted Value ETF		277,847		15,506,641
iShares MSCI USA Min Vol Factor ETF		245,477		22,416,960
iShares MSCI USA Momentum Factor ETF		55,020		10,859,297
Vanguard US Momentum Factor ETF		39,134		6,195,695
Vanguard US Quality Factor ETF		34,908		4,951,787
Vanguard US Value Factor ETF		89,966		10,874,730
Total Registered Investment Companies
(Cost $111,344,362)				153,459,100
RIGHTS — 0.0%
		Number of Rights
Abiomed*⁽¹⁾		362		5,651

Total Rights
(Cost $–)				5,651
SHORT-TERM INVESTMENT — 1.1%
	Shares
DWS Government Money Market Series, Institutional Shares, 5.380% (A)
(Cost $5,132,842)		5,132,842		5,132,842
Total Investments — 100.0%
(Cost $270,417,484)			$	461,326,591

A list of open futures contracts held by the Fund at August 31, 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		Sep-2024	$	1,101,196	$	1,132,200	$	31,004

Percentages are based on Net Assets of $461,301,285.

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

SYMMETRY PANORAMIC US EQUITY FUND
AUGUST 31, 2024

*	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 August 31, 2024.

Cl — Class

ETF — Exchange-Traded Fund

Min. — Minimum

MSCI — Morgan Stanley Capital International

S&P— Standard & Poor's

Vol — Volatility

The following is a summary of the level of inputs used as of August 31, 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	$	302,728,998	$	–	$	–	⁽¹⁾	$	302,728,998
Registered Investment Companies		153,459,100		–		–			153,459,100
Rights		–		–		5,651			5,651
Short-Term Investment		5,132,842		–		–			5,132,842
Total Investments in Securities	$	461,320,940	$	–	$	5,651		$	461,326,591

Other Financial Instruments	Level 1		Level 2		Level 3			Total
Futures Contracts^
Unrealized Appreciation	$	31,004	$	–	$	–		$	31,004
Total Other Financial Instruments	$	31,004	$	–	$	–		$	31,004

# 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
AUGUST 31, 2024

SCHEDULE OF INVESTMENTS
REGISTERED INVESTMENT COMPANIES — 65.9%
	Shares		Value
EQUITY FUNDS — 65.9%
AQR International Defensive Style Fund, Cl R6		477,013	$	7,331,691
Avantis Emerging Markets Equity ETF		199,894		12,301,477
Avantis International Equity ETF		64,504		4,267,585
Avantis International Small Cap Value ETF		86,217		5,961,906
DFA Emerging Markets Portfolio, Cl I		573,284		17,152,667
DFA Emerging Markets Small Cap Portfolio, Cl I		436,976		10,587,935
DFA Emerging Markets Targeted Value Portfolio, Cl I		188,596		2,221,661
DFA International High Relative Profitability Portfolio, Cl I		911,214		12,574,748
DFA International Real Estate Securities, Cl I		1,867,535		7,246,034
DFA International Small Cap Growth Portfolio, Cl I		87,756		1,404,981
DFA International Small Cap Value Portfolio, Cl I		485,031		11,543,732
DFA International Value Portfolio, Cl I		537,664		11,903,870
DFA Large Cap International Portfolio, Cl I		798,558		23,261,989
Dimensional Emerging Markets High Profitability		242,091		6,284,610
iShares MSCI EAFE Min Vol Factor ETF		105,415		8,087,439
iShares MSCI Emerging Markets Min Vol Factor ETF		133,766		8,042,012
Schwab International Small-Cap Equity ETF		58,368		2,201,057
Total Registered Investment Companies
(Cost $113,480,661)				152,375,394
COMMON STOCK — 30.7%

AUSTRALIA — 0.3%
BlueScope Steel		2,357		32,838
Fortescue		30,993		381,818
REA Group		1,089		161,304
Wesfarmers		1,889		92,668
				668,628

AUSTRIA — 0.1%
Erste Group Bank		2,598		142,201

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
BRAZIL — 0.7%
Banco do Brasil		104,000	$	518,159
Cia de Saneamento Basico do Estado de Sao Paulo ADR		10,614		178,209
Itau Unibanco Holding ADR		53,504		348,846
PRIO		19,400		160,785
TIM		31,000		98,017
Ultrapar Participacoes		5,900		24,454
WEG		8,000		76,580
Wheaton Precious Metals		1,709		105,623
				1,510,673

CANADA — 2.3%
Canadian Natural Resources		28,598		1,035,143
Canadian Pacific Kansas City		3,830		317,933
Cenovus Energy		32,912		610,300
Constellation Software		28		91,433
Dollarama		865		87,614
George Weston		887		144,267
Hydro One		1,413		48,031
Imperial Oil		9,043		681,085
Intact Financial		1,902		357,960
National Bank of Canada		6,172		565,563
RB Global		1,530		131,809
Royal Bank of Canada		6,482		783,910
Sun Life Financial		402		21,913
Teck Resources, Cl B		1,591		76,182
WSP Global		1,891		315,239
				5,268,382

CHILE — 0.1%
Antofagasta		7,299		178,216

CHINA — 3.4%
AAC Technologies Holdings		33,000		140,193
Agricultural Bank of China, Cl A		35,800		22,803
Agricultural Bank of China, Cl H		1,071,000		471,752
Airtac International Group		1,046		28,293
Akeso *		2,000		12,554
Aluminum Corp of China, Cl H		316,000		197,002
Anhui Conch Cement, Cl A		4,300		12,679

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
CHINA — continued
Bank of Beijing, Cl A		29,700	$	21,983
Bank of China, Cl A		28,000		18,911
Bank of China, Cl H		636,000		287,360
Bank of Communications, Cl A		24,800		24,836
Bank of Communications, Cl H		306,000		221,128
Bank of Ningbo, Cl A		6,868		19,569
Bank of Shanghai, Cl A		15,700		15,668
Baoshan Iron & Steel, Cl A		53,800		45,208
Beijing Enterprises Holdings		6,000		19,393
BOE Technology Group, Cl A		93,500		50,894
Bosideng International Holdings		136,000		66,666
BYD, Cl A		1,000		35,041
BYD, Cl H		2,500		76,567
BYD Electronic International		33,500		122,728
China CITIC Bank, Cl H		384,000		221,569
China Coal Energy, Cl H		72,000		85,838
China Communications Services, Cl H		68,000		34,635
China Construction Bank, Cl H		780,000		547,669
China Everbright Bank, Cl A		35,600		15,359
China Hongqiao Group		140,000		190,922
China Merchants Bank, Cl A		7,100		32,092
China Merchants Securities, Cl A		9,800		20,205
China Merchants Shekou Industrial Zone Holdings, Cl A		13,000		16,894
China Pacific Insurance Group, Cl A		5,400		22,537
China Petroleum & Chemical, Cl A		37,200		35,679
China Petroleum & Chemical, Cl H		70,000		47,303
China Resources Power Holdings		16,000		43,381
China Shenhua Energy, Cl H		116,000		498,533
China Taiping Insurance Holdings		174,800		226,029
China Tourism Group Duty Free, Cl A		1,900		16,311
China Vanke, Cl A *		8,700		8,255
CITIC Securities, Cl A		16,650		45,228
COSCO SHIPPING Holdings, Cl H		118,700		163,103
Foshan Haitian Flavouring & Food, Cl A		3,912		20,346
Geely Automobile Holdings		45,000		50,361
Great Wall Motor, Cl H		82,500		117,899
Guotai Junan Securities, Cl A		17,100		35,542
Haier Smart Home, Cl A		38,142		120,486
Haitong Securities, Cl A		21,000		25,513
Hansoh Pharmaceutical Group		20,000		51,010
Huatai Securities, Cl A		13,000		23,023

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
CHINA — continued
Huaxia Bank, Cl A		16,800	$	14,258
Industrial & Commercial Bank of China, Cl A		10,600		8,935
Industrial & Commercial Bank of China, Cl H		326,000		186,445
Industrial Bank, Cl A		7,500		17,439
Inner Mongolia Yili Industrial Group, Cl A		7,400		23,597
Jiangsu Hengrui Pharmaceuticals, Cl A		5,904		36,626
Kanzhun ADR		3,589		44,719
Kunlun Energy		54,000		53,978
Kweichow Moutai, Cl A		400		81,206
Lenovo Group		122,000		148,970
Luxshare Precision Industry, Cl A		5,769		32,098
Luzhou Laojiao, Cl A		1,400		23,455
Midea Group, Cl A		2,800		25,546
MINISO Group Holding		2,200		9,123
NARI Technology, Cl A		11,069		38,337
New China Life Insurance, Cl A		3,200		14,880
New Oriental Education & Technology Group *		23,000		139,959
PetroChina, Cl A		20,200		25,437
PetroChina, Cl H		998,000		900,114
PICC Property & Casualty, Cl H		222,000		287,511
Ping An Bank, Cl A		9,600		13,737
Ping An Insurance Group of China, Cl A		4,400		27,269
Poly Developments and Holdings Group, Cl A		13,900		15,841
Pop Mart International Group		19,000		111,257
Postal Savings Bank of China, Cl H		95,000		50,762
SAIC Motor, Cl A		9,100		16,115
Sany Heavy Industry, Cl A		16,600		37,679
Shanghai Pudong Development Bank, Cl A		11,600		13,766
Shenwan Hongyuan Group, Cl A		35,300		22,486
Sinotruk Hong Kong		90,500		225,795
Weichai Power, Cl H		77,000		117,774
Xiaomi, Cl B *		98,600		243,090
Yankuang Energy Group, Cl H		120,900		156,671
				7,791,825

DENMARK — 1.0%
Danske Bank		7,431		231,938
DSV Panalpina		419		74,878

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
DENMARK — continued
Novo Nordisk, Cl B		8,745	$	1,214,770
Pandora		4,163		729,164
ROCKWOOL International, Cl B		204		88,515
Vestas Wind Systems *		2,465		56,320
				2,395,585

FRANCE — 0.9%
Air Liquide		1,283		239,395
Capgemini		162		33,560
Cie Generale des Etablissements Michelin SCA		13,432		527,400
Dassault Systemes		1,619		63,270
EssilorLuxottica		851		201,801
Hermes International SCA		135		323,117
L'Oreal		162		71,078
LVMH Moet Hennessy Louis Vuitton		119		88,574
Safran		678		148,574
SEB		130		13,537
TotalEnergies		5,617		386,404
				2,096,710

GERMANY — 1.2%
Brenntag		825		61,350
Commerzbank		7,098		105,241
Deutsche Boerse		408		91,727
Hannover Rueck		1,224		347,267
Heidelberg Materials		652		69,253
Mercedes-Benz Group		1,158		79,815
Muenchener Rueckversicherungs-Gesellschaft in Muenchen		2,081		1,125,911
Siemens		4,123		775,559
Siemens Energy *		2,099		60,621
				2,716,744

HONG KONG — 0.0%
Techtronic Industries		4,000		53,595

INDONESIA — 0.4%
Adaro Energy Indonesia		1,498,700		345,127
Bank Mandiri Persero		1,050,800		485,571

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
INDONESIA — continued
Sumber Alfaria Trijaya		867,100	$	162,704
				993,402

ITALY — 1.4%
Banco BPM		13,642		93,009
Ferrari		455		226,039
Intesa Sanpaolo		375,784		1,570,545
Leonardo		12,970		330,869
Prysmian		4,988		351,322
UniCredit		18,597		772,987
				3,344,771

JAPAN — 6.8%
Advantest		9,700		446,584
Aisin		5,600		196,792
Ajinomoto		6,000		230,955
Chiba Bank		60,100		509,076
Chugai Pharmaceutical		3,300		166,592
Daiichi Sankyo		5,700		239,272
Denso		6,000		93,143
Disco		900		260,923
ENEOS Holdings		9,900		53,854
Fuji Electric		600		36,216
FUJIFILM Holdings		11,100		299,362
Fujitsu		18,000		332,728
Hitachi		15,500		382,385
Hoya		3,800		539,322
Idemitsu Kosan		8,700		63,587
Isuzu Motors		2,600		39,474
ITOCHU		12,900		686,850
Japan Post Bank		48,300		453,947
Japan Post Insurance		4,800		90,944
Japan Tobacco		28,300		817,028
Kansai Electric Power		6,100		108,422
Kawasaki Kisen Kaisha		6,900		101,926
Marubeni		19,200		331,191
Mitsubishi HC Capital		28,800		208,024
Mitsubishi Heavy Industries		5,000		67,412
Mitsubishi UFJ Financial Group		19,500		205,729
Mitsui		19,400		419,317
Mizuho Financial Group		70,200		1,457,772

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
JAPAN — continued
Nippon Sanso Holdings		2,500	$	86,146
Nippon Steel		21,900		499,773
Nippon Yusen		25,800		935,996
Nitto Denko		800		67,087
Nomura Real Estate Holdings		3,400		97,941
Nomura Research Institute		3,300		111,003
Obayashi		17,900		230,198
ORIX		15,600		392,198
Panasonic Holdings		3,800		31,927
Renesas Electronics		9,400		163,649
Resona Holdings		30,600		217,613
Sekisui House		1,400		36,186
Shin-Etsu Chemical		9,500		420,548
Sompo Holdings		3,300		77,920
Sony		1,900		185,049
Subaru		3,900		74,804
Sumitomo		6,900		164,071
Sumitomo Electric Industries		19,900		331,728
Sumitomo Mitsui Financial Group		5,000		329,966
Sumitomo Mitsui Trust Holdings		12,900		321,467
TDK		3,300		224,934
Tokio Marine Holdings		16,800		639,316
Tokyo Electric Power Holdings *		13,100		62,484
Tokyo Electron		3,900		701,923
Tokyo Gas		11,500		287,680
Toyota Motor		9,500		181,383
				15,711,817

MALAYSIA — 0.1%
Inari Amertron		33,000		24,090
Telekom Malaysia		63,100		98,697
YTL		36,500		24,589
				147,376

MEXICO — 0.7%
America Movil ADR		3,259		53,969
Arca Continental		28,200		254,289
Coca-Cola Femsa ADR		1,429		120,379
Grupo Aeroportuario del Sureste ADR		334		89,976
Grupo Bimbo, Ser A		5,900		21,183
Grupo Carso		24,400		149,491

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
MEXICO — continued
Grupo Financiero Inbursa, Cl O *		93,900	$	223,137
Grupo Mexico		24,500		125,832
Promotora y Operadora de Infraestructura		11,580		108,196
Southern Copper		4,235		430,784
Wal-Mart de Mexico		41,600		132,399
				1,709,635

NETHERLANDS — 0.9%
ASML Holding		1,263		1,139,016
BE Semiconductor Industries		220		29,012
NN Group		7,721		378,687
Shell		4,894		173,412
Wolters Kluwer		1,621		277,203
				1,997,330

NORWAY — 0.0%
Telenor		4,585		56,799

PHILIPPINES — 0.0%
International Container Terminal Services		1,570		11,085

POLAND — 0.3%
Bank Polska Kasa Opieki		6,845		280,422
Budimex		785		122,014
Dino Polska *		283		23,528
LPP		12		45,639
mBank *		731		120,930
Powszechna Kasa Oszczednosci Bank Polski		5,789		86,695
Powszechny Zaklad Ubezpieczen		2,812		33,860
Santander Bank Polska		113		15,211
				728,299

PORTUGAL — 0.1%
Galp Energia SGPS		5,553		115,358

ROMANIA — 0.0%
NEPI Rockcastle		5,267		42,952

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
RUSSIA — 0.0%
Evraz *⁽¹⁾		29,556	$	—

SOUTH AFRICA — 0.1%
Aspen Pharmacare Holdings		1,529		20,540
FirstRand		6,672		32,082
Harmony Gold Mining ADR		19,012		183,846
Shoprite Holdings		2,080		36,040
Sibanye Stillwater		68,981		65,920
				338,428

SOUTH KOREA — 1.4%
CJ CheilJedang		36		8,691
DB Insurance		1,519		132,223
GS Holdings		2,826		95,556
Hana Financial Group		2,771		128,643
Hankook Tire & Technology		3,690		120,116
Hanmi Semiconductor		2,803		242,220
Hanwha Aerospace		591		128,605
HD Hyundai		1,770		107,294
KB Financial Group		4,476		288,635
Kia		5,045		400,820
Korea Zinc		225		90,103
Krafton *		560		137,048
Kumho Petrochemical		747		76,606
LG Innotek		743		154,980
Meritz Financial Group		2,356		160,836
NH Investment & Securities		14,968		153,013
Posco International		1,129		47,819
Samsung E&A *		1,742		33,168
Samsung Electronics		7,327		406,929
Samsung Fire & Marine Insurance		303		78,711
SK Square *		2,252		132,546
				3,124,562

SPAIN — 0.9%
Banco Bilbao Vizcaya Argentaria		35,047		372,318
Banco Santander		122,982		611,530
CaixaBank		110,550		665,859
Iberdrola		23,846		338,343

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
SPAIN — continued
Repsol		13,592	$	186,645
				2,174,695

SWEDEN — 0.9%
Alfa Laval		4,917		220,612
Atlas Copco, Cl A		32,712		595,134
Investor, Cl B		11,172		332,652
Skandinaviska Enskilda Banken, Cl A		15,724		242,146
SKF, Cl B		11,275		213,646
Tele2, Cl B		42,317		480,050
				2,084,240

SWITZERLAND — 0.7%
Chocoladefabriken Lindt & Spruengli		5		66,075
Kuehne + Nagel International		1,107		343,512
Partners Group Holding		42		60,763
Sika		313		100,765
Sonova Holding		199		69,578
Swiss Life Holding		127		102,954
VAT Group		453		235,018
Zurich Insurance Group		1,088		631,558
				1,610,223

TAIWAN — 3.4%
Accton Technology		15,000		238,843
Acer		39,000		53,487
Advantech		5,387		58,925
ASE Technology Holding		73,000		350,304
Asia Cement		58,000		81,726
Catcher Technology		22,000		162,495
Chailease Holding		27,565		125,545
Compal Electronics		18,000		18,727
CTBC Financial Holding		75,000		76,615
Delta Electronics		8,000		99,734
E.Sun Financial Holding		276,842		244,058
Evergreen Marine Taiwan		14,600		85,871
Fubon Financial Holding		63,043		180,978
Hon Hai Precision Industry		115,000		663,865
Inventec		15,000		21,449
Lite-On Technology		70,000		234,848

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
TAIWAN — continued
MediaTek		14,000	$	543,436
Mega Financial Holding		57,465		70,095
Micro-Star International		29,000		166,641
Novatek Microelectronics		25,000		422,252
Quanta Computer		25,000		210,024
Realtek Semiconductor		21,000		351,711	��
SinoPac Financial Holdings		56,347		42,357
Synnex Technology International		54,000		121,575
Taishin Financial Holding		216,533		125,219
Taiwan Cooperative Financial Holding		159,997		129,605
Taiwan Semiconductor Manufacturing		67,000		1,983,560
United Microelectronics		310,000		538,738
Wiwynn		2,000		119,329
Yang Ming Marine Transport		15,000		30,275
Yuanta Financial Holding		189,640		189,278
Zhen Ding Technology Holding		36,000		152,491
				7,894,056

THAILAND — 0.1%
Advanced Info Service NVDR		20,700		150,980
Bumrungrad Hospital NVDR		21,000		151,646
Delta Electronics Thailand NVDR		4,700		14,788
PTT Exploration & Production NVDR		4,900		20,494
				337,908

TÜRKIYE — 0.6%
Akbank		138,152		236,496
Ford Otomotiv Sanayi		3,306		93,475
Haci Omer Sabanci Holding		171,711		443,425
KOC Holding		5,944		32,500
Turk Hava Yollari AO *		3,202		28,233
Turkcell Iletisim Hizmetleri		86,166		248,768
Turkiye Is Bankasi, Cl C		558,779		216,906
Turkiye Petrol Rafinerileri		3,010		14,893
Yapi ve Kredi Bankasi		145,169		133,007
				1,447,703

UNITED KINGDOM — 1.2%
Ashtead Group		6,149		437,834
AstraZeneca		170		29,795

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED KINGDOM — continued
Auto Trader Group		3,155	$	35,437
BAE Systems		17,152		308,390
Berkeley Group Holdings		8,232		541,215
BP		67,152		380,167
HSBC Holdings		2,844		25,001
JD Sports Fashion		74,755		136,260
Legal & General Group		74,166		219,039
Melrose Industries		30,545		194,029
Next		430		57,662
Rolls-Royce Holdings *		39,847		261,253
SSE		1,149		28,578
				2,654,660

UNITED STATES — 0.7%
CONSUMER STAPLES — 0.0%
JBS		15,200		93,828

ENERGY — 0.1%
Tenaris		11,856		174,482

INDUSTRIALS — 0.6%
Experian		5,803		281,957
Schneider Electric		4,005		1,021,676
				1,303,633

				1,571,943
Total Common Stock
(Cost $40,725,897)				70,919,801
PREFERRED STOCK — 0.2%

BRAZIL — 0.2%
Cia Energetica de Minas Gerais⁽²⁾		102,594		211,160
Petroleo Brasileiro⁽²⁾		52,200		363,625

Total Preferred Stock
(Cost $404,535)				574,785

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

WARRANTS — 0.0%
		Number of Warrants	Value
Constellation Software, Expires 08/22/28⁽¹⁾		28	$	—

Total Warrants
(Cost $–)				—
SHORT-TERM INVESTMENT — 2.8%
	Shares
DWS Government Money Market Series, Institutional Shares, 5.380% (A)
(Cost $6,371,663)		6,371,663		6,371,663
Total Investments — 99.6%
(Cost $160,982,756)			$	230,241,643

A list of open futures contracts held by the Fund at August 31, 2024, is as follows:

Type of Contract	Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation
Long Contracts
IFSC Nifty50 Index		112		Sep-2024	$	5,641,624	$	5,687,808	$	46,184

Percentages are based on Net Assets of $231,275,757.

*	Non-income producing security.
(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 August 31, 2024.

ADR — American Depositary Receipt

Cl — Class

EAFE — Europe, Australasia and Far East

ETF — Exchange-Traded Fund

IFSC— International Financial Service Centre

Min. — Minimum

MSCI — Morgan Stanley Capital International

NVDR — Non-Voting Depositary Receipt

Ser — Series

Vol — Volatility

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

The following is a summary of the level of inputs used as of August 31, 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	$	152,375,394	$	–	$	–		$	152,375,394
Common Stock
Australia		–		668,628		–			668,628
Austria		–		142,201		–			142,201
Brazil		1,510,673		–		–			1,510,673
Canada		5,268,382		–		–			5,268,382
Chile		–		178,216		–			178,216
China		44,719		7,747,106		–			7,791,825
Denmark		–		2,395,585		–			2,395,585
France		–		2,096,710		–			2,096,710
Germany		–		2,716,744		–			2,716,744
Hong Kong		–		53,595		–			53,595
Indonesia		162,704		830,698		–			993,402
Italy		226,039		3,118,732		–			3,344,771
Japan		–		15,711,817		–			15,711,817
Malaysia		–		147,376		–			147,376
Mexico		1,709,635		–		–			1,709,635
Netherlands		–		1,997,330		–			1,997,330
Norway		–		56,799		–			56,799
Philippines		–		11,085		–			11,085
Poland		–		728,299		–			728,299
Portugal		–		115,358		–			115,358
Romania		–		42,952		–			42,952
Russia		–		–		–	⁽¹⁾		–
South Africa		183,846		154,582		–			338,428
South Korea		–		3,124,562		–			3,124,562
Spain		–		2,174,695		–			2,174,695
Sweden		–		2,084,240		–			2,084,240
Switzerland		–		1,610,223		–			1,610,223
Taiwan		–		7,894,056		–			7,894,056
Thailand		–		337,908		–			337,908
Türkiye		–		1,447,703		–			1,447,703
United Kingdom		–		2,654,660		–			2,654,660
United States		93,828		1,478,115		–			1,571,943
Total Common Stock		9,199,826		61,719,975		–	⁽¹⁾		70,919,801
Preferred Stock
Brazil		574,785		–		–			574,785
Warrants		–		–		–	⁽¹⁾		–
Short-Term Investment		6,371,663		–		–			6,371,663
Total Investments in Securities	$	168,521,668	$	61,719,975	$	–	⁽¹⁾	$	230,241,643

Other Financial Instruments	Level 1		Level 2		Level 3			Total
Futures Contracts^
Unrealized Appreciation	$	46,184	$	–	$	–		$	46,184
Total Other Financial Instruments	$	46,184	$	–	$	–		$	46,184

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

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND
AUGUST 31, 2024

(1) Includes securities 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 GLOBAL EQUITY FUND
AUGUST 31, 2024

SCHEDULE OF INVESTMENTS
COMMON STOCK — 52.8%
	Shares		Value
AUSTRALIA — 0.1%
BlueScope Steel		1,841	$	25,649
Fortescue		24,313		299,524
REA Group		734		108,721
Wesfarmers		1,077		52,834
				486,728

AUSTRIA — 0.0%
Erste Group Bank		2,210		120,964

BRAZIL — 0.2%
Banco do Brasil		81,400		405,559
Cia de Saneamento Basico do Estado de Sao Paulo SABESP		6,800		113,692
Itau Unibanco Holding ADR		24,573		160,216
PRIO		17,600		145,867
TIM		31,500		99,598
Ultrapar Participacoes		5,700		23,626
Wheaton Precious Metals		1,224		75,648
				1,024,206

CANADA — 0.9%
Canadian Natural Resources		20,988		759,689
Canadian Pacific Kansas City		3,055		253,599
Cenovus Energy		25,153		466,422
CGI, Cl A *		253		28,504
Constellation Software		22		71,840
Dollarama		718		72,724
George Weston		512		83,275
Hydro One		1,426		48,473
Imperial Oil		6,944		522,996
Intact Financial		1,593		299,805
National Bank of Canada		4,302		394,208
RB Global		1,078		92,870
Royal Bank of Canada		1,750		211,639
Sun Life Financial		315		17,170
Teck Resources, Cl B		2,215		106,062
WSP Global		1,366		227,719
				3,656,995

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
CHILE — 0.0%
Antofagasta		5,161	$	126,013

CHINA — 1.4%
AAC Technologies Holdings		22,000		93,462
Agricultural Bank of China, Cl A		39,500		25,159
Agricultural Bank of China, Cl H		831,000		366,037
Airtac International Group		1,046		28,293
Aluminum Corp of China, Cl H		248,000		154,609
Anhui Conch Cement, Cl A		3,288		9,695
Bank of Beijing, Cl A		19,900		14,730
Bank of China, Cl A		24,900		16,818
Bank of Communications, Cl A		23,300		23,334
Bank of Communications, Cl H		213,000		153,922
Bank of Ningbo, Cl A		4,440		12,651
Bank of Shanghai, Cl A		12,297		12,272
Baoshan Iron & Steel, Cl A		41,800		35,124
Beijing Enterprises Holdings		4,000		12,929
BOE Technology Group, Cl A		72,900		39,681
Bosideng International Holdings		90,000		44,117
BYD, Cl A		900		31,537
BYD, Cl H		1,000		30,627
BYD Electronic International		25,500		93,420
China CITIC Bank, Cl H		280,000		161,561
China Coal Energy, Cl H		84,000		100,144
China Communications Services, Cl H		46,000		23,429
China Construction Bank, Cl H		525,000		368,624
China Everbright Bank, Cl A		30,400		13,116
China Hongqiao Group		105,500		143,873
China Merchants Bank, Cl A		5,100		23,052
China Merchants Securities, Cl A		5,500		11,340
China Merchants Shekou Industrial Zone Holdings, Cl A		11,800		15,335
China Pacific Insurance Group, Cl A		3,700		15,442
China Pacific Insurance Group, Cl H		5,400		13,996
China Petroleum & Chemical, Cl A		26,300		25,225
China Petroleum & Chemical, Cl H		144,000		97,308
China Resources Power Holdings		12,000		32,536
China Shenhua Energy, Cl H		100,500		431,919
China Taiping Insurance Holdings		144,200		186,461
China Tourism Group Duty Free, Cl A		1,400		12,019
COSCO SHIPPING Holdings, Cl H		96,250		132,255
Foshan Haitian Flavouring & Food, Cl A		3,089		16,065

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
CHINA — continued
Geely Automobile Holdings		38,000	$	42,527
Great Wall Motor, Cl H		60,500		86,459
Guotai Junan Securities, Cl A		7,677		15,957
Haier Smart Home, Cl A		6,741		23,438
Haitong Securities, Cl A		11,400		13,850
Hansoh Pharmaceutical Group		16,000		40,808
Huatai Securities, Cl A		8,200		14,522
Huaxia Bank, Cl A		11,000		9,336
Industrial & Commercial Bank of China, Cl A		13,200		11,127
Industrial & Commercial Bank of China, Cl H		303,000		173,291
Industrial Bank, Cl A		5,400		12,556
Inner Mongolia Yili Industrial Group, Cl A		4,100		13,074
Jiangsu Hengrui Pharmaceuticals, Cl A		4,320		26,800
Jiangsu Yanghe Distillery, Cl A		900		10,371
Kanzhun ADR		2,747		34,228
Kweichow Moutai, Cl A		200		40,603
Lenovo Group		102,000		124,548
Luxshare Precision Industry, Cl A		5,415		30,128
Luzhou Laojiao, Cl A		1,000		16,754
Midea Group, Cl A		2,100		19,159
MINISO Group Holding		1,600		6,635
NARI Technology, Cl A		8,683		30,074
New China Life Insurance, Cl A		2,100		9,765
New Oriental Education & Technology Group *		16,400		99,797
NXP Semiconductors		1,303		334,037
PetroChina, Cl A		15,900		20,022
PetroChina, Cl H		748,000		674,634
PICC Property & Casualty, Cl H		168,000		217,576
Ping An Bank, Cl A		7,000		10,016
Ping An Insurance Group of China, Cl A		3,200		19,832
Poly Developments and Holdings Group, Cl A		9,900		11,282
Pop Mart International Group		13,600		79,637
SAIC Motor, Cl A		6,000		10,625
Sany Heavy Industry, Cl A		12,400		28,146
Shanghai Pudong Development Bank, Cl A		10,000		11,867
Shenwan Hongyuan Group, Cl A		19,800		12,613
Sinotruk Hong Kong		66,000		164,668
Weichai Power, Cl H		60,000		91,772
Wuliangye Yibin, Cl A		800		13,860

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
CHINA — continued
Xiaomi, Cl B *		70,000	$	172,579
Yankuang Energy Group, Cl H		105,300		136,455
Yonghui Superstores, Cl A *		21,100		6,950
				5,944,495

DENMARK — 0.4%
Danske Bank		7,177		224,010
DSV Panalpina		413		73,806
Novo Nordisk, Cl B		6,375		885,552
Pandora		2,919		511,273
ROCKWOOL International, Cl B		119		51,634
Vestas Wind Systems *		1,765		40,327
				1,786,602

FINLAND — 0.0%
Wartsila Abp		1,330		29,334

FRANCE — 0.4%
Air Liquide		893		166,714
Cie Generale des Etablissements Michelin SCA		12,006		471,409
Dassault Systemes		1,220		47,677
EssilorLuxottica		578		137,063
Hermes International SCA		98		234,559
L'Oreal		155		68,007
LVMH Moet Hennessy Louis Vuitton		89		66,244
Safran		787		172,460
TotalEnergies		4,339		298,488
				1,662,621

GERMANY — 0.4%
Brenntag		992		73,768
Commerzbank		10,794		160,040
Deutsche Boerse		247		55,531
Hannover Rueck		1,226		347,834
Heidelberg Materials		176		18,694
Mercedes-Benz Group		234		16,129
Muenchener Rueckversicherungs-Gesellschaft in Muenchen		1,286		695,782
RWE		433		15,619

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
GERMANY — continued
Siemens		2,716	$	510,895
Siemens Energy *		582		16,809
				1,911,101

HONG KONG — 0.0%
Techtronic Industries		2,500		33,497

INDONESIA — 0.2%
Adaro Energy Indonesia		1,134,000		261,143
Bank Mandiri Persero		820,300		379,057
Sumber Alfaria Trijaya		703,300		131,968
				772,168

IRELAND — 0.3%
Accenture, Cl A		3,511		1,200,586

ITALY — 0.6%
Ferrari		239		118,733
Intesa Sanpaolo		227,211		949,601
Leonardo		11,312		288,572
Prysmian		4,171		293,778
UniCredit		18,029		749,378
				2,400,062

JAPAN — 2.7%
Advantest		8,500		391,336
Aisin		1,700		59,740
Ajinomoto		4,800		184,764
Chiba Bank		52,300		443,006
Chugai Pharmaceutical		2,100		106,013
Daiichi Sankyo		4,500		188,899
Denso		5,200		80,724
Disco		600		173,949
ENEOS Holdings		6,400		34,815
Fuji Electric		500		30,180
FUJIFILM Holdings		7,800		210,363
Fujitsu		14,000		258,788
Hitachi		7,000		172,690
Hoya		2,900		411,588

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
JAPAN — continued
Idemitsu Kosan		1,700	$	12,425
Inpex		1,600		23,586
Isuzu Motors		2,200		33,401
ITOCHU		9,400		500,495
Japan Post Bank		28,000		263,158
Japan Post Holdings		13,200		128,979
Japan Post Insurance		3,600		68,208
Japan Tobacco		22,500		649,581
Kansai Electric Power		3,400		60,432
Kawasaki Kisen Kaisha		4,200		62,042
Marubeni		13,600		234,594
Mazda Motor		1,400		11,825
Mitsubishi		9,000		187,365
Mitsubishi HC Capital		35,300		254,974
Mitsubishi UFJ Financial Group		15,200		160,364
Mitsui		20,400		440,931
Mitsui OSK Lines		5,000		180,377
Mizuho Financial Group		54,800		1,137,976
Nippon Sanso Holdings		1,800		62,025
Nippon Steel		14,000		319,490
Nippon Yusen		21,000		761,857
Nitto Denko		600		50,315
Nomura Real Estate Holdings		2,400		69,135
Nomura Research Institute		2,400		80,729
Obayashi		8,900		114,456
ORIX		7,500		188,557
Renesas Electronics		6,900		120,125
Resona Holdings		32,300		229,703
Sekisui House		600		15,508
Shin-Etsu Chemical		9,000		398,414
Sompo Holdings		3,000		70,836
Sony		1,200		116,873
Subaru		1,800		34,525
Sumitomo		5,600		133,159
Sumitomo Electric Industries		13,400		223,375
Sumitomo Mitsui Financial Group		2,900		191,380
Sumitomo Mitsui Trust Holdings		10,300		256,675
TDK		1,800		122,691
Tokio Marine Holdings		3,400		129,385
Tokyo Electric Power Holdings *		16,200		77,270
Tokyo Electron		2,700		485,947

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
JAPAN — continued
Tokyo Gas		3,700	$	92,558
				11,502,556

MALAYSIA — 0.0%
Inari Amertron		74,100		54,092
Telekom Malaysia		43,200		67,571
YTL		10,700		7,208
				128,871

MEXICO — 0.3%
America Movil ADR		3,463		57,347
Arca Continental		15,600		140,671
Coca-Cola Femsa ADR		1,593		134,194
Grupo Bimbo, Ser A		18,400		66,063
Grupo Carso		17,100		104,766
Grupo Financiero Inbursa, Cl O *		67,800		161,115
Grupo Mexico		14,300		73,445
Promotora y Operadora de Infraestructura		10,290		96,143
Southern Copper		3,670		373,313
Wal-Mart de Mexico		43,700		139,082
				1,346,139

NETHERLANDS — 0.3%
ASML Holding		943		850,429
BE Semiconductor Industries		233		30,727
NN Group		1,310		64,251
Wolters Kluwer		1,037		177,334
				1,122,741

PHILIPPINES — 0.0%
Metropolitan Bank & Trust		24,600		32,261

POLAND — 0.1%
Bank Polska Kasa Opieki		4,547		186,279
Budimex		513		79,736
Dino Polska *		183		15,214
LPP		6		22,820
mBank *		494		81,723
Powszechna Kasa Oszczednosci Bank Polski		7,038		105,399

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
POLAND — continued
Powszechny Zaklad Ubezpieczen		790	$	9,513
				500,684

PORTUGAL — 0.0%
Galp Energia SGPS		5,214		108,315

ROMANIA — 0.0%
NEPI Rockcastle		5,921		48,285

RUSSIA — 0.0%
Evraz *⁽¹⁾		16,851		—

SOUTH AFRICA — 0.1%
Aspen Pharmacare Holdings		1,196		16,066
FirstRand		5,526		26,571
Harmony Gold Mining ADR		13,821		133,649
Shoprite Holdings		2,772		48,031
Sibanye Stillwater		53,377		51,009
				275,326

SOUTH KOREA — 0.6%
DB Insurance		1,142		99,407
Hana Financial Group		4,656		216,154
Hankook Tire & Technology		3,250		105,793
Hanmi Semiconductor		2,089		180,520
Hanwha Aerospace		457		99,446
HD Hyundai		623		37,765
KB Financial Group		3,071		198,033
Kia		3,952		313,982
Korea Zinc		112		44,851
Krafton *		415		101,563
Kumho Petrochemical		346		35,483
LG Electronics		297		22,145
LG Innotek		574		119,729
Meritz Financial Group		1,869		127,590
NH Investment & Securities		14,168		144,835
Posco International		1,165		49,343
Samsung C&T		85		9,406
Samsung E&A *		748		14,242
Samsung Electronics		4,820		267,695

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
SOUTH KOREA — continued
Samsung Fire & Marine Insurance		256	$	66,501
SK Square *		1,665		97,997
				2,352,480

SPAIN — 0.4%
Banco Bilbao Vizcaya Argentaria		17,512		186,037
Banco Santander		70,225		349,195
CaixaBank		86,144		518,858
Iberdrola		18,507		262,590
Repsol		12,355		169,658
				1,486,338

SWEDEN — 0.4%
Alfa Laval		4,339		194,678
Atlas Copco, Cl A		25,804		469,456
Epiroc, Cl A		1,316		25,381
Investor, Cl B		10,944		325,863
Skandinaviska Enskilda Banken, Cl A		15,002		231,028
SKF, Cl B		7,831		148,387
Tele2, Cl B		25,076		284,465
				1,679,258

SWITZERLAND — 0.3%
Avolta		317		12,318
Chocoladefabriken Lindt & Spruengli		5		66,074
Kuehne + Nagel International		809		251,040
Partners Group Holding		76		109,952
Sika		290		93,361
Sonova Holding		131		45,803
Swiss Life Holding		60		48,640
UBS Group		1,015		31,278
VAT Group		336		174,318
Zurich Insurance Group		839		487,019
				1,319,803

TAIWAN — 1.3%
Accton Technology		11,000		175,151
Acer		42,000		57,601
Advantech		5,058		55,328
ASE Technology Holding		55,000		263,927

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
TAIWAN — continued
Asia Cement		40,000	$	56,363
Asustek Computer		2,000		33,544
Catcher Technology		22,000		162,495
Chailease Holding		21,314		97,075
Compal Electronics		17,000		17,687
Delta Electronics		9,000		112,201
E.Sun Financial Holding		220,393		194,294
Eclat Textile		1,000		16,746
Evergreen Marine Taiwan		16,800		98,810
Fubon Financial Holding		18,972		54,464
Hon Hai Precision Industry		85,000		490,683
Hua Nan Financial Holdings		18,900		15,080
Lite-On Technology		10,000		33,550
MediaTek		10,000		388,168
Mega Financial Holding		29,796		36,345
Micro-Star International		18,000		103,432
Novatek Microelectronics		19,000		320,912
Quanta Computer		19,000		159,618
Realtek Semiconductor		15,000		251,222
SinoPac Financial Holdings		26,985		20,285
Synnex Technology International		32,000		72,045
Taishin Financial Holding		154,494		89,342
Taiwan Cooperative Financial Holding		146,562		118,722
Taiwan Semiconductor Manufacturing		48,000		1,421,058
United Microelectronics		202,000		351,049
Wiwynn		2,000		119,329
Yang Ming Marine Transport		9,000		18,165
Yuanta Financial Holding		165,242		164,927
Zhen Ding Technology Holding		26,000		110,133
				5,679,751

THAILAND — 0.0%
Bumrungrad Hospital NVDR		20,100		145,147
Delta Electronics Thailand NVDR		4,500		14,159
				159,306

TÜRKIYE — 0.2%
Akbank		75,504		129,252
BIM Birlesik Magazalar		10,804		171,112
Ford Otomotiv Sanayi		2,480		70,121
Haci Omer Sabanci Holding		131,072		338,479

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
TÜRKIYE — continued
Turk Hava Yollari AO *		2,594	$	22,872
Turkcell Iletisim Hizmetleri		29,483		85,120
Turkiye Is Bankasi, Cl C		386,393		149,989
Turkiye Petrol Rafinerileri		2,296		11,360
Yapi ve Kredi Bankasi		88,564		81,144
				1,059,449

UNITED KINGDOM — 0.4%
Ashtead Group		4,475		318,639
AstraZeneca		1,371		240,289
BAE Systems		12,198		219,318
Berkeley Group Holdings		6,339		416,759
HSBC Holdings		6,445		56,656
JD Sports Fashion		39,370		71,762
Legal & General Group		52,042		153,699
Melrose Industries		20,859		132,501
Next		390		52,298
Pearson		3,374		47,020
Rolls-Royce Holdings *		23,217		152,220
SSE		784		19,500
				1,880,661

UNITED STATES — 40.7%
COMMUNICATION SERVICES — 3.0%
Alphabet, Cl A		10,421		1,702,583
Alphabet, Cl C		9,059		1,495,731
AT&T		15,921		316,828
Atlanta Braves Holdings, Cl C *		45		1,920
Charter Communications, Cl A *		567		197,055
Comcast, Cl A		5,324		210,671
Electronic Arts		1,103		167,457
Fox, Cl A		1,383		57,215
Fox, Cl B		2,469		94,884
Liberty Media -Liberty Formula One, Cl A *		600		42,372
Liberty Media -Liberty Formula One, Cl C *		946		73,835
Live Nation Entertainment *		922		90,052
Meta Platforms, Cl A		11,250		5,864,738
Netflix *		1,300		911,755
News, Cl B		1,712		50,384
Omnicom Group		1,356		136,183
Pinterest, Cl A *		1,730		55,429

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
COMMUNICATION SERVICES — continued
ROBLOX, Cl A *		559	$	24,590
Snap, Cl A *		3,407		31,821
Spotify Technology *		162		55,547
Take-Two Interactive Software *		447		72,284
TKO Group Holdings, Cl A		262		30,976
T-Mobile US		1,879		373,395
Trade Desk, Cl A *		389		40,662
Verizon Communications		8,269		345,479
Walt Disney		1,584		143,162
Warner Bros Discovery *		7,406		58,063
Warner Music Group, Cl A		700		20,027
				12,665,098

CONSUMER DISCRETIONARY — 4.5%
Airbnb, Cl A *		496		58,186
Amazon.com *		25,673		4,582,631
Aptiv *		823		58,869
AutoNation *		4,486		798,418
AutoZone *		127		404,048
Best Buy		929		93,272
Booking Holdings		55		215,008
Burlington Stores *		127		34,066
Carnival *		5,567		91,856
Chipotle Mexican Grill, Cl A *		4,899		274,736
Choice Hotels International		455		58,053
Darden Restaurants		979		154,829
Deckers Outdoor *		79		75,784
Dick's Sporting Goods		2,972		704,245
Domino's Pizza		262		108,523
DoorDash, Cl A *		1,118		143,898
DR Horton		4,399		830,355
eBay		3,294		194,675
Expedia Group *		550		76,500
Ford Motor		12,647		141,520
Gap		5,512		123,634
Garmin		663		121,521
General Motors		5,935		295,444
Genuine Parts		797		114,178
Hilton Worldwide Holdings		744		163,412
Home Depot		2,421		892,139

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
CONSUMER DISCRETIONARY — continued
Las Vegas Sands		1,152	$	44,916
Lennar, Cl A		1,017		185,155
Lennar, Cl B		77		13,000
Lowe's		915		227,378
Lululemon Athletica *		791		205,241
Marriott International, Cl A		824		193,385
McDonald's		1,154		333,114
NIKE, Cl B		4,642		386,771
NVR *		33		302,691
Ollie's Bargain Outlet Holdings *		500		44,780
O'Reilly Automotive *		317		358,200
Penske Automotive Group		3,074		522,887
Pool		720		253,166
PulteGroup		3,114		409,958
Ralph Lauren, Cl A		503		86,144
Ross Stores		1,244		187,359
Royal Caribbean Cruises *		4,545		748,198
Starbucks		1,808		170,983
Tesla *		2,089		447,276
TJX		2,581		302,674
Toll Brothers		7,686		1,107,322
TopBuild *		889		349,395
Tractor Supply		1,436		384,202
Ulta Beauty *		245		86,446
Williams-Sonoma		5,264		707,113
Wingstop		242		93,439
Yum! Brands		1,015		136,944
				19,097,937

CONSUMER STAPLES — 2.2%
Altria Group		3,770		202,713
Archer-Daniels-Midland		991		60,441
Brown-Forman, Cl A		439		20,084
Brown-Forman, Cl B		689		31,412
Bunge Global		525		53,225
Campbell Soup		1,028		51,112
Casey's General Stores		473		171,373
Church & Dwight		1,050		106,974
Clorox		278		44,010
Coca-Cola		7,652		554,540

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
CONSUMER STAPLES — continued
Colgate-Palmolive		2,292	$	244,098
Constellation Brands, Cl A		601		144,667
Costco Wholesale		745		664,823
Dollar General		815		67,621
Dollar Tree *		923		77,984
Estee Lauder, Cl A		451		41,339
General Mills		2,434		175,954
Hershey		837		161,591
Hormel Foods		1,658		53,968
JBS		9,800		60,494
Kellanova		1,266		102,052
Kenvue		4,630		101,629
Keurig Dr Pepper		3,013		110,306
Kimberly-Clark		611		88,387
Kraft Heinz		2,761		97,822
Kroger		4,728		251,577
McCormick		1,068		85,259
Mondelez International, Cl A		4,499		323,073
Monster Beverage *		1,746		82,289
PepsiCo		3,802		657,290
Philip Morris International		2,469		304,403
Procter & Gamble		5,424		930,433
Sysco		2,262		176,368
Target		4,952		760,726
Tyson Foods, Cl A		865		55,628
US Foods Holding *		859		50,861
Walmart		28,635		2,211,481
WK Kellogg		599		10,276
				9,388,283

ENERGY — 2.1%
Baker Hughes, Cl A		4,219		148,382
BP		41,966		237,581
Cheniere Energy		1,146		212,308
Chevron		4,514		667,846
ConocoPhillips		4,317		491,231
Coterra Energy		2,756		67,053
Devon Energy		5,578		249,783
Diamondback Energy		3,158		616,157
EOG Resources		2,677		344,851

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
ENERGY — continued
EQT		1,335	$	44,736
Exxon Mobil		12,405		1,463,066
Halliburton		5,489		170,653
Hess		1,353		186,795
Kinder Morgan		8,942		192,879
Marathon Oil		3,489		99,960
Marathon Petroleum		3,530		625,234
Occidental Petroleum		6,234		355,213
ONEOK		2,804		258,977
Phillips 66		1,969		276,270
Schlumberger		3,456		152,029
Targa Resources		7,200		1,057,680
Tenaris		10,560		155,409
Texas Pacific Land		69		59,953
Valero Energy		2,665		391,035
Williams		5,634		257,868
				8,782,949

FINANCIALS — 6.1%
Aflac		3,450		380,742
Allstate		2,219		419,258
American Express		1,429		369,611
American International Group		7,003		539,581
Ameriprise Financial		1,966		883,599
Aon, Cl A		1,345		462,303
Apollo Global Management		969		112,142
Arch Capital Group *		4,421		499,971
Ares Management, Cl A		500		73,200
Arthur J Gallagher		528		154,477
Assurant		1,057		207,542
Assured Guaranty		510		40,841
Bank of America		11,454		466,751
Bank of New York Mellon		2,474		168,776
Bank OZK		2,910		126,149
Berkshire Hathaway, Cl B *		3,052		1,452,508
BlackRock, Cl A		261		235,372
Blackstone, Cl A		238		33,882
Block, Cl A *		968		63,965
Brown & Brown		1,634		171,782
Capital One Financial		1,225		179,989

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
FINANCIALS — continued
Carlyle Group		1,244	$	49,922
Cboe Global Markets		418		85,857
Charles Schwab		2,422		157,672
Chubb		901		256,046
Cincinnati Financial		1,095		150,048
Citigroup		2,537		158,918
Citizens Financial Group		11,823		508,980
CME Group, Cl A		722		155,764
CNA Financial		3,876		201,242
Coinbase Global, Cl A *		470		86,179
Corebridge Financial		2,089		61,751
Corpay *		501		158,091
Discover Financial Services		1,167		161,875
East West Bancorp		3,823		321,400
Equitable Holdings		1,214		51,619
Erie Indemnity, Cl A		189		96,055
Everest Group		149		58,444
FactSet Research Systems		295		124,738
Fidelity National Financial		3,034		178,885
Fidelity National Information Services		967		79,729
Fifth Third Bancorp		3,609		154,068
First American Financial		1,333		85,045
First Citizens BancShares, Cl A		150		304,605
First Hawaiian		12,842		312,446
Fiserv *		2,099		366,485
Global Payments		459		50,954
Goldman Sachs Group		879		448,510
Hartford Financial Services Group		3,402		394,972
Huntington Bancshares		4,380		65,569
Interactive Brokers Group, Cl A		163		21,009
Intercontinental Exchange		2,113		341,355
Jefferies Financial Group		1,798		107,790
JPMorgan Chase		18,618		4,185,326
KeyCorp		3,591		61,262
KKR		2,096		259,422
Loews		807		66,126
LPL Financial Holdings		431		96,691
M&T Bank		1,213		208,769
Markel Group *		93		148,863
Marsh & McLennan		2,355		535,786
Mastercard, Cl A		1,581		764,161

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
FINANCIALS — continued
MetLife		3,415	$	264,594
Moody's		553		269,720
Morgan Stanley		6,904		715,323
Morningstar		165		51,772
MSCI, Cl A		229		132,955
Nasdaq		4,851		349,660
Northern Trust		930		84,825
PayPal Holdings *		2,403		174,049
PNC Financial Services Group		1,082		200,267
Principal Financial Group		1,334		108,614
Progressive		2,923		737,181
Prudential Financial		1,202		145,634
Raymond James Financial		865		103,428
Regions Financial		6,591		154,361
Reinsurance Group of America, Cl A		239		52,762
S&P Global		487		249,948
State Street		1,537		133,873
Synchrony Financial		3,575		179,680
Synovus Financial		497		22,922
T Rowe Price Group		827		87,695
Tradeweb Markets, Cl A		588		69,525
Travelers		1,437		327,737
Truist Financial		4,534		201,582
US Bancorp		3,586		169,367
Visa, Cl A		2,750		760,018
Wells Fargo		5,840		341,465
Western Alliance Bancorp		2,713		221,598
Willis Towers Watson		543		158,616
WR Berkley		3,753		224,054
Zions Bancorp		1,270		62,941
				25,881,036

HEALTH CARE — 4.7%
Abbott Laboratories		1,512		171,264
AbbVie		4,768		936,006
Agilent Technologies		1,063		151,924
Align Technology *		188		44,597
Alnylam Pharmaceuticals *		471		123,727
Amgen		1,106		369,216
Avantor *		1,809		46,745

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
HEALTH CARE — continued
Baxter International		1,541	$	58,466
Becton Dickinson		699		169,445
Biogen *		409		83,747
BioMarin Pharmaceutical *		869		79,261
Boston Scientific *		2,187		178,875
Bristol-Myers Squibb		6,892		344,255
Cardinal Health		1,059		119,370
Cencora, Cl A		2,436		583,593
Centene *		2,173		171,298
Chemed		99		58,031
Cigna Group		1,659		600,243
Cooper		976		103,192
CVS Health		2,882		164,966
Danaher		2,890		778,306
DexCom *		572		39,662
Edwards Lifesciences *		1,770		123,829
Elevance Health		1,369		762,382
Eli Lilly		3,749		3,599,115
Fortrea Holdings *		887		20,454
GE HealthCare Technologies		2,077		176,171
Gilead Sciences		5,962		470,998
GRAIL *		58		823
HCA Healthcare		3,022		1,195,473
Hologic *		1,680		136,483
Humana		292		103,505
ICON *		170		54,750
IDEXX Laboratories *		676		325,379
Illumina *		350		45,990
Incyte *		344		22,587
Intuitive Surgical *		307		151,237
IQVIA Holdings *		654		164,514
Johnson & Johnson		2,092		346,979
Labcorp Holdings		684		157,245
McKesson		1,631		915,121
Medtronic		2,229		197,445
Merck		3,210		380,225
Mettler-Toledo International *		125		179,885
Moderna *		666		51,548
Molina Healthcare *		1,202		420,448
Neurocrine Biosciences *		250		31,765
Pfizer		4,924		142,845

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
HEALTH CARE — continued
Quest Diagnostics		1,882	$	295,418
Regeneron Pharmaceuticals *		499		591,160
ResMed		513		125,695
Royalty Pharma, Cl A		1,078		31,294
Solventum *		499		31,975
STERIS		377		90,895
Stryker		644		232,110
Thermo Fisher Scientific		804		494,516
United Therapeutics *		1,086		394,815
UnitedHealth Group		1,492		880,578
Veeva Systems, Cl A *		493		106,705
Vertex Pharmaceuticals *		518		256,871
Waters *		248		85,895
West Pharmaceutical Services		206		64,608
Zimmer Biomet Holdings		622		71,816
Zoetis, Cl A		3,446		632,307
				19,940,043

INDUSTRIALS — 6.9%
3M		886		119,335
A O Smith		254		21,265
AECOM		1,348		134,989
Air Lease, Cl A		1,150		53,211
Allison Transmission Holdings		2,427		225,104
AMETEK		1,177		201,326
Automatic Data Processing		934		257,700
Axon Enterprise *		388		141,608
AZEK, Cl A *		5,412		230,714
Boeing *		914		158,798
Booz Allen Hamilton Holding, Cl A		3,392		538,582
Broadridge Financial Solutions		1,442		306,944
Builders FirstSource *		3,675		639,450
Carlisle		851		360,654
Carrier Global		2,066		150,363
Caterpillar		1,761		627,092
Cintas		912		734,269
Copart *		8,172		432,789
Core & Main, Cl A *		793		38,088
CSX		9,199		315,250
Cummins		656		205,230

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INDUSTRIALS — continued
Deere		1,345	$	518,820
Delta Air Lines		10,892		462,801
Dover		2,700		502,281
Eaton		3,722		1,142,393
EMCOR Group		208		81,756
Emerson Electric		1,915		201,822
Equifax		514		157,865
Esab		5,293		555,606
Expeditors International of Washington		1,074		132,542
Experian		4,503		218,793
Fastenal		5,819		397,321
FedEx		1,087		324,763
Ferguson Enterprises		683		140,500
Fortive		1,538		114,427
GE Vernova *		445		89,345
General Dynamics		746		223,323
General Electric		5,021		876,767
Graco		797		66,430
HEICO		516		132,385
HEICO, Cl A		280		56,025
Honeywell International		1,106		229,948
Howmet Aerospace		4,905		474,117
Hubbell, Cl B		1,447		578,684
IDEX		541		111,706
Illinois Tool Works		599		151,655
Ingersoll Rand		4,230		386,834
ITT		1,371		190,871
Jacobs Solutions		2,452		369,958
JB Hunt Transport Services		884		153,109
Johnson Controls International		2,338		170,323
L3Harris Technologies		542		128,275
Landstar System		207		37,790
Leidos Holdings		1,001		158,669
Lennox International		94		55,478
Lockheed Martin		569		323,249
Masco		908		72,240
Nordson		654		167,790
Norfolk Southern		393		100,671
Northrop Grumman		379		198,297
nVent Electric		1,352		91,882
Old Dominion Freight Line		3,636		701,021

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INDUSTRIALS — continued
Otis Worldwide		1,188	$	112,492
Owens Corning		1,728		291,565
PACCAR		2,341		225,157
Parker-Hannifin		1,518		911,104
Paychex		1,455		190,896
Pentair		704		62,438
Quanta Services		3,315		912,056
Regal Beloit		474		79,542
Republic Services, Cl A		927		193,011
Rockwell Automation		385		104,732
Rollins		1,732		86,912
RTX		2,312		285,162
Ryder System		349		50,689
Schneider Electric		3,162		806,627
Snap-on		913		259,055
Southwest Airlines		1,809		52,316
SS&C Technologies Holdings		1,137		85,377
Textron		857		78,158
Timken		1,565		132,289
Trane Technologies		3,875		1,401,433
TransDigm Group		164		225,206
Uber Technologies *		4,875		356,509
U-Haul Holding *		93		6,605
U-Haul Holding, Cl B		878		60,011
Union Pacific		1,465		375,172
United Airlines Holdings *		1,466		64,563
United Parcel Service, Cl B		1,488		191,282
United Rentals		2,105		1,560,352
Veralto		369		41,487
Verisk Analytics, Cl A		984		268,455
Vertiv Holdings, Cl A		8,361		694,214
Waste Management		1,802		382,096
Watsco		501		238,185
Westinghouse Air Brake Technologies		1,548		262,494
WW Grainger		718		707,173
XPO *		3,637		416,873
Xylem		849		116,763
				29,429,744

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — 9.2%
Adobe *		741	$	425,638
Advanced Micro Devices *		2,160		320,890
Amdocs		844		73,403
Amphenol, Cl A		2,678		180,631
Analog Devices		831		195,152
ANSYS *		174		55,927
Apple		32,261		7,387,769
Applied Materials		1,395		275,178
AppLovin, Cl A *		4,435		411,878
Arista Networks *		1,751		618,768
Arrow Electronics *		337		45,522
Atlassian, Cl A *		73		12,089
Autodesk *		718		185,531
Bentley Systems, Cl B		1,002		51,573
Broadcom		5,830		949,241
Cadence Design Systems *		1,859		499,941
CDW		2,436		549,659
Cisco Systems		8,177		413,266
Cloudflare, Cl A *		528		43,370
Cognizant Technology Solutions, Cl A		864		67,193
Corning		3,916		163,885
Crowdstrike Holdings, Cl A *		236		65,438
Datadog, Cl A *		325		37,785
Dell Technologies, Cl C		1,214		140,266
Dynatrace *		932		47,178
Entegris		648		75,084
Fair Isaac *		436		754,398
First Solar *		557		126,645
Flex *		1,608		52,244
Fortinet *		5,026		385,544
Gartner *		430		211,543
Gen Digital		3,804		100,654
GLOBALFOUNDRIES *		410		19,139
GoDaddy, Cl A *		694		116,183
Hewlett Packard Enterprise		7,177		139,018
HP		4,159		150,473
HubSpot *		73		36,432
Intel		3,699		81,526
International Business Machines		2,206		445,899
Intuit		196		123,531
Jabil		1,394		152,336

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — continued
Juniper Networks		1,278	$	49,689
Keysight Technologies *		2,743		422,751
KLA		1,478		1,211,118
Kyndryl Holdings *		6,559		155,383
Lam Research		714		586,201
Manhattan Associates *		440		116,349
Marvell Technology		2,205		168,109
Microchip Technology		2,735		224,708
Micron Technology		2,374		228,474
Microsoft		18,875		7,873,518
MongoDB, Cl A *		27		7,851
Monolithic Power Systems		140		130,855
Motorola Solutions		1,182		522,491
NetApp		1,110		133,999
Nutanix, Cl A *		844		53,332
NVIDIA		56,025		6,687,704
Okta, Cl A *		678		53,379
ON Semiconductor *		1,706		132,846
Oracle		3,114		439,977
Palantir Technologies, Cl A *		5,170		162,752
Palo Alto Networks *		528		191,516
Pegasystems		493		34,944
PTC *		527		94,380
QUALCOMM		2,095		367,254
Roper Technologies		344		190,717
Salesforce		1,182		298,928
Seagate Technology Holdings		1,276		127,026
ServiceNow *		117		100,035
Skyworks Solutions		485		53,151
Snowflake, Cl A *		279		31,870
Super Micro Computer *		143		62,591
Synopsys *		1,052		546,598
TD SYNNEX		434		52,696
TE Connectivity		1,162		178,483
Teledyne Technologies *		742		321,138
Teradyne		2,173		297,114
Texas Instruments		1,127		241,561
Trimble *		1,952		110,659
Tyler Technologies *		104		61,138
VeriSign *		267		49,101
Western Digital *		1,814		118,980

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
INFORMATION TECHNOLOGY — continued
Workday, Cl A *		421	$	110,803
Zebra Technologies, Cl A *		354		122,265
Zoom Video Communications, Cl A *		797		55,057
Zscaler *		219		43,796
				39,411,107

MATERIALS — 1.2%
Air Products & Chemicals		387		107,915
Avery Dennison		711		157,735
Ball		939		59,918
Celanese, Cl A		736		96,122
CF Industries Holdings		1,125		93,476
Corteva		2,267		129,899
Dow		2,256		120,876
DuPont de Nemours		1,894		159,570
Eagle Materials		274		70,624
Ecolab		728		184,315
Element Solutions		2,957		79,070
Freeport-McMoRan		9,542		422,520
Graphic Packaging Holding		1,659		49,654
International Flavors & Fragrances		1,296		134,771
International Paper		1,935		93,693
Linde		799		382,122
LyondellBasell Industries, Cl A		1,878		185,359
Martin Marietta Materials		377		201,378
Newmont		1,835		97,971
Nucor		2,819		428,234
Packaging Corp of America		1,155		242,019
PPG Industries		951		123,373
Reliance		1,913		548,361
RPM International		1,535		178,444
Sherwin-Williams		459		169,541
Steel Dynamics		3,487		416,731
Vulcan Materials		325		79,693
Westlake		200		29,088
				5,042,472

REAL ESTATE — 0.1%
CBRE Group, Cl A *		3,103		357,279

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

COMMON STOCK — continued
	Shares		Value
UNITED STATES — continued
REAL ESTATE — continued
CoStar Group *		1,416	$	109,457
				466,736

UTILITIES — 0.8%
Ameren		710		58,582
American Electric Power		1,708		171,278
American Water Works		463		66,265
Atmos Energy		1,028		134,401
CenterPoint Energy		2,026		55,310
CMS Energy		796		54,017
Consolidated Edison		1,001		101,662
Constellation Energy		966		190,012
Dominion Energy		1,314		73,453
DTE Energy		954		119,269
Duke Energy		1,937		220,721
Edison International		1,113		96,864
Entergy		1,042		125,759
Evergy		1,889		111,715
Eversource Energy		830		56,050
Exelon		2,885		109,890
FirstEnergy		2,829		124,250
NextEra Energy		1,767		142,261
NiSource		1,057		34,944
NRG Energy		780		66,308
PG&E		6,191		121,963
PPL		1,964		62,671
Public Service Enterprise Group		1,448		116,926
Sempra		1,826		150,061
Southern		3,186		275,270
Vistra		3,221		275,170
WEC Energy Group		1,166		108,473
Xcel Energy		1,714		104,948
				3,328,493

				173,433,898
Total Common Stock
(Cost $120,624,075)				225,271,494

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

REGISTERED INVESTMENT COMPANIES — 45.3%
	Shares		Value
EQUITY FUNDS — 45.3%
AQR International Defensive Style Fund, Cl R6		236,380	$	3,633,160
AQR Large Cap Defensive Style Fund, Cl R6		269,486		6,866,498
Avantis Emerging Markets Equity ETF		83,457		5,135,944
Avantis International Equity ETF		42,074		2,783,616
Avantis International Small Cap Value ETF		53,670		3,711,280
Avantis U.S. Small Capital Value ETF		68,838		6,602,253
DFA Emerging Markets Portfolio, Cl I		225,873		6,758,110
DFA Emerging Markets Small Cap Portfolio, Cl I		165,174		4,002,164
DFA Emerging Markets Targeted Value Portfolio, Cl I		142,277		1,676,019
DFA International High Relative Profitability Portfolio, Cl I		666,598		9,199,057
DFA International Real Estate Securities, Cl I		686,822		2,664,868
DFA International Small Cap Growth Portfolio, Cl I		85,280		1,365,336
DFA International Small Cap Value Portfolio, Cl I		311,688		7,418,182
DFA International Value Portfolio, Cl I		389,438		8,622,158
DFA Large Cap International Portfolio, Cl I		548,431		15,975,804
DFA Real Estate Securities Portfolio, Cl I		288,190		12,475,749
DFA US Small Cap Portfolio, Cl I		135,268		6,561,863
DFA US Targeted Value Portfolio, Cl I		515,025		17,624,161
Dimensional Emerging Markets High Profitability		126,521		3,284,447
Dimensional US Small Cap ETF		71,747		4,622,659
Dimensional US Targeted Value ETF		130,035		7,257,253
iShares MSCI EAFE Min Vol Factor ETF		13,000		997,360
iShares MSCI Emerging Markets Min Vol Factor ETF		7,500		450,900
iShares MSCI Global Min Vol Factor ETF		109,878		12,467,857
iShares MSCI USA Min Vol Factor ETF		72,000		6,575,040
iShares MSCI USA Momentum Factor ETF		63,098		12,453,652
Schwab International Small-Cap Equity ETF		37,746		1,423,402
Vanguard Small Cap Value ETF		24,094		4,781,454
Vanguard US Momentum Factor ETF		34,062		5,392,696
Vanguard US Quality Factor ETF		28,129		3,990,169
Vanguard US Value Factor ETF		55,458		6,703,541
Total Registered Investment Companies
(Cost $139,101,084)				193,476,652

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

PREFERRED STOCK — 0.1%
	Shares		Value
BRAZIL — 0.1%
Cia Energetica de Minas Gerais⁽²⁾		9,423	$	19,394
Petroleo Brasileiro⁽²⁾		42,800		298,144

Total Preferred Stock
(Cost $211,972)				317,538
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 $–)				—
SHORT-TERM INVESTMENT — 1.6%
	Shares
DWS Government Money Market Series, Institutional Shares, 5.380% (A)
(Cost $6,670,360)		6,670,360		6,670,360
Total Investments — 99.8%
(Cost $266,607,491)			$	425,739,806

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

A list of open futures contracts held by the Fund at August 31, 2024, is as follows:

Type of Contract	Number of Contracts		Expiration Date		Notional Amount		Value		Unrealized Appreciation
Long Contracts
IFSC Nifty50 Index		86		Sep-2024	$	4,331,951	$	4,367,424	$	35,473
S&P 500 Index E-MINI		1		Sep-2024		277,070		283,050		5,980
					$	4,609,021	$	4,650,474	$	41,453

Percentages are based on Net Assets of $426,631,863.

*	Non-income producing security.
(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 August 31, 2024.

ADR — American Depositary Receipt

Cl — Class

EAFE — Europe, Australasia and Far East

ETF — Exchange-Traded Fund

IFSC— International Financial Service Centre

Min. — Minimum

MSCI — Morgan Stanley Capital International

NASDAQ – National Association of Securities Dealers and Automated Quotations

NVDR — Non-Voting Depositary Receipt

S&P— Standard & Poor's

Ser — Series

Vol — Volatility

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024

The following is a summary of the level of inputs used as of August 31, 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	$	–	$	486,728	$	–		$	486,728
Austria		–		120,964		–			120,964
Brazil		1,024,206		–		–			1,024,206
Canada		3,656,995		–		–			3,656,995
Chile		–		126,013		–			126,013
China		368,265		5,576,230		–			5,944,495
Denmark		–		1,786,602		–			1,786,602
Finland		–		29,334		–			29,334
France		–		1,662,621		–			1,662,621
Germany		–		1,911,101		–			1,911,101
Hong Kong		–		33,497		–			33,497
Indonesia		131,968		640,200		–			772,168
Ireland		1,200,586		–		–			1,200,586
Italy		118,733		2,281,329		–			2,400,062
Japan		–		11,502,556		–			11,502,556
Malaysia		–		128,871		–			128,871
Mexico		1,346,139		–		–			1,346,139
Netherlands		–		1,122,741		–			1,122,741
Philippines		–		32,261		–			32,261
Poland		–		500,684		–			500,684
Portugal		–		108,315		–			108,315
Romania		–		48,285		–			48,285
Russia		–		–		–	⁽¹⁾		–
South Africa		133,649		141,677		–			275,326
South Korea		–		2,352,480		–			2,352,480
Spain		–		1,486,338		–			1,486,338
Sweden		–		1,679,258		–			1,679,258
Switzerland		–		1,319,803		–			1,319,803
Taiwan		–		5,679,751		–			5,679,751
Thailand		–		159,306		–			159,306
Türkiye		–		1,059,449		–			1,059,449
United Kingdom		–		1,880,661		–			1,880,661
United States		172,015,487		1,418,411		–			173,433,898
Total Common Stock		179,996,028		45,275,466		–	⁽¹⁾		225,271,494
Registered Investment Companies		193,476,652		–		–			193,476,652
Preferred Stock
Brazil		317,538		–		–			317,538
Rights		–		–		3,762			3,762
Warrants		–		–		–	⁽¹⁾		–
Short-Term Investment		6,670,360		–		–			6,670,360
Total Investments in Securities	$	380,460,578	$	45,275,466	$	3,762		$	425,739,806

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

SYMMETRY PANORAMIC GLOBAL EQUITY FUND
AUGUST 31, 2024


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts^
Unrealized Appreciation	$	41,453	$	–	$	–	$	41,453
Total Other Financial Instruments	$	41,453	$	–	$	–	$	41,453

(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 TAX-MANAGED GLOBAL EQUITY FUND
AUGUST 31, 2024

SCHEDULE OF INVESTMENTS
REGISTERED INVESTMENT COMPANIES — 99.0%
	Shares		Value
EQUITY FUNDS — 99.0%
AQR Emerging Multi-Style II Fund, Cl R6		693,995	$	7,536,788
AQR International Defensive Style Fund, Cl R6		4,637		71,270
AQR International Multi-Style Fund, Cl R6		1,027,929		14,863,856
AQR Large Cap Defensive Style Fund, Cl R6		14,345		365,514
AQR Large Capital Multi-Style Fund, Cl R6		1,057,771		21,462,183
Avantis Emerging Markets Equity ETF		51,424		3,164,633
Avantis International Equity ETF		21,033		1,391,543
Avantis International Small Cap Value ETF		23,085		1,596,328
DFA Emerging Markets Portfolio, Cl I		125,208		3,746,222
DFA Emerging Markets Small Cap Portfolio, Cl I		90,126		2,183,760
DFA Emerging Markets Targeted Value Portfolio, Cl I		33,646		396,347
DFA International High Relative Profitability Portfolio, Cl I		219,241		3,025,530
DFA International Small Cap Growth Portfolio, Cl I		30,149		482,687
DFA International Small Cap Value Portfolio, Cl I		149,638		3,561,374
DFA Large Cap International Portfolio, Cl I		196,661		5,728,739
DFA Real Estate Securities Portfolio, Cl I		51,320		2,221,661
DFA US High Relative Profitability Portfolio, Cl I		412,431		9,960,199
Dimensional Emerging Markets High Profitability		58,569		1,520,434
Dimensional International Value ETF		91,494		3,474,027
Dimensional US Core Equity 2 ETF		145,685		4,928,524
Dimensional US Equity ETF		311,583		19,037,721
Dimensional US Marketwide Value ETF		213,113		8,876,156
Dimensional US Small Cap ETF		47,433		3,056,108
Dimensional US Targeted Value ETF		177,534		9,908,172
iShares MSCI Global Min Vol Factor ETF		66,722		7,570,945
iShares MSCI USA Momentum Factor ETF		8,304		1,638,960
Schwab International Small-Cap Equity ETF		11,998		452,445
Vanguard Small Cap Value ETF		7,431		1,474,682
Vanguard US Momentum Factor ETF		2,889		457,386
Vanguard US Quality Factor ETF		8,804		1,248,869

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

SYMMETRY PANORAMIC TAX-MANAGED GLOBAL EQUITY FUND
AUGUST 31, 2024

REGISTERED INVESTMENT COMPANIES — continued
	Shares		Value
EQUITY FUNDS — continued
Vanguard US Value Factor ETF		17,776	$	2,148,692
Total Registered Investment Companies
(Cost $99,820,076)				147,551,755
SHORT-TERM INVESTMENT — 0.6%

DWS Government Money Market Series, Institutional Shares, 5.380% (A)
(Cost $830,103)		830,103		830,103
Total Investments — 99.6%
(Cost $100,650,179)			$	148,381,858

Percentages are based on Net Assets of $148,976,373.

(A)	The rate reported is the 7-day effective yield as of August 31, 2024.

Cl — Class

ETF — Exchange-Traded Fund

Min. — Minimum

MSCI — Morgan Stanley Capital International

Vol — Volatility

As of August 31, 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
AUGUST 31, 2024

SCHEDULE OF INVESTMENTS
CORPORATE OBLIGATIONS — 45.7%
	Face Amount		Value
AUSTRALIA — 0.2%
Rio Tinto Finance USA
5.000%, 03/09/33	$	421,000	$	434,359


CANADA — 1.8%
Canadian National Railway
5.850%, 11/01/33		166,000		181,295
3.850%, 08/05/32		285,000		271,009
Canadian Natural Resources
3.850%, 06/01/27		461,000		452,115
2.950%, 07/15/30		14,000		12,677
Cenovus Energy
2.650%, 01/15/32		89,000		75,935
Fairfax Financial Holdings
6.000%, 12/07/33		312,000		325,576
4.625%, 04/29/30		75,000		74,236
goeasy
4.375%, 05/01/26		710,000		694,024
Kinross
6.250%, 07/15/33		287,000		306,983
National Bank of Canada
5.600%, 12/18/28		403,000		418,713
Suncor Energy
6.850%, 06/01/39		190,000		212,319
6.500%, 06/15/38		20,000		22,029
				3,046,911

FINLAND — 0.2%
Nokia
6.625%, 05/15/39		272,000		287,578


GERMANY — 0.5%
Kreditanstalt fuer Wiederaufbau
1.250%, 01/31/25		820,000		807,724

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
Landwirtschaftliche Rentenbank
3.875%, 06/14/28	$	36,000	$	36,034
				843,758

JAPAN — 0.5%
Mizuho Financial Group
2.260%, H15T1Y + 0.900%, 07/09/32(A)		205,000		172,610
Rakuten Group
11.250%, 02/15/27		590,000		640,463
				813,073

LUXEMBOURG — 0.3%
ArcelorMittal
4.550%, 03/11/26		446,000		443,650


SPAIN — 0.3%
Telefonica Emisiones
4.103%, 03/08/27		494,000		488,660


SUPRANATIONAL — 1.5%
Asian Development Bank
0.625%, 04/29/25		1,000,000		974,096
European Investment Bank
3.625%, 07/15/30		100,000		98,874
International Bank for Reconstruction & Development
1.250%, 02/10/31		800,000		679,461
0.875%, 07/15/26		432,000		407,822
Nordic Investment Bank
4.375%, 03/14/28		359,000		365,120
				2,525,373

UNITED KINGDOM — 2.5%
BAT Capital
4.390%, 08/15/37		205,000		182,891
BAT International Finance
1.668%, 03/25/26		251,000		239,568

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
GlaxoSmithKline Capital
3.375%, 06/01/29	$	11,000	$	10,588
Harbour Energy
5.500%, 10/15/26		812,000		806,026
HSBC Holdings
7.336%, SOFRRATE + 3.030%, 11/03/26(A)		200,000		205,547
6.800%, 06/01/38		480,000		527,977
4.755%, SOFRRATE + 2.110%, 06/09/28(A)		200,000		199,991
Jaguar Land Rover Automotive
4.500%, 10/01/27		610,000		596,868
Lloyds Banking Group
1.627%, H15T1Y + 0.850%, 05/11/27(A)		472,000		447,498
NatWest Group
7.472%, H15T1Y + 2.850%, 11/10/26(A)		506,000		519,605
5.847%, H15T1Y + 1.350%, 03/02/27(A)		201,000		203,910
RELX Capital
3.000%, 05/22/30		464,000		429,240
				4,369,709

UNITED STATES — 37.9%
COMMUNICATION SERVICES — 3.6%
AT&T
4.850%, 03/01/39		101,000		97,171
4.350%, 03/01/29		164,000		163,422
4.250%, 03/01/27		82,000		81,693
2.550%, 12/01/33		649,000		537,542
CCO Holdings
5.000%, 02/01/28		746,000		718,847
Comcast
1.950%, 01/15/31		165,000		141,032
Electronic Arts
1.850%, 02/15/31		505,000		428,011
Fox
4.709%, 01/25/29		72,000		72,505
3.500%, 04/08/30		426,000		401,833
Interpublic Group of
5.375%, 06/15/33		414,000		420,208
Match Group Holdings II
4.625%, 06/01/28		162,000		155,760

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
COMMUNICATION SERVICES — continued
Meta Platforms
4.800%, 05/15/30	$	419,000	$	432,098
4.600%, 05/15/28		90,000		91,586
Netflix
6.375%, 05/15/29		15,000		16,253
4.875%, 04/15/28		436,000		444,648
Sirius XM Radio
4.000%, 07/15/28		768,000		719,344
TEGNA
4.625%, 03/15/28		824,000		774,490
T-Mobile USA
5.050%, 07/15/33		537,000		543,569
3.500%, 04/15/31		94,000		87,388
2.625%, 02/15/29		35,000		32,279
1.500%, 02/15/26		26,000		24,836
Verizon Communications
4.500%, 08/10/33		80,000		77,803
2.355%, 03/15/32		30,000		25,488
0.850%, 11/20/25		10,000		9,562
				6,497,368

CONSUMER DISCRETIONARY — 4.0%
Adtalem Global Education
5.500%, 03/01/28		762,000		749,352
AutoZone
6.550%, 11/01/33		252,000		278,508
5.200%, 08/01/33		57,000		57,828
Bath & Body Works
6.694%, 01/15/27		683,000		703,338
5.250%, 02/01/28		61,000		60,123
Block Financial
3.875%, 08/15/30		229,000		217,241
2.500%, 07/15/28		228,000		209,475
Brunswick
2.400%, 08/18/31		276,000		228,327
DR Horton
1.300%, 10/15/26		390,000		365,267
Lennar
5.250%, 06/01/26		351,000		353,156

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
CONSUMER DISCRETIONARY — continued
Marriott International
5.450%, 09/15/26	$	119,000	$	121,044
2.750%, 10/15/33		40,000		33,556
MDC Holdings
3.850%, 01/15/30		436,000		416,630
2.500%, 01/15/31		18,000		15,812
Meritage Homes
5.125%, 06/06/27		416,000		418,572
Nordstrom
6.950%, 03/15/28		679,000		701,562
NVR
3.000%, 05/15/30		468,000		429,240
O'Reilly Automotive
4.700%, 06/15/32		298,000		297,225
3.900%, 06/01/29		153,000		148,901
Tapestry
3.050%, 03/15/32		135,000		113,017
Toll Brothers Finance
4.875%, 03/15/27		418,000		418,416
Tri Pointe Homes
5.700%, 06/15/28		709,000		713,254
				7,049,844

CONSUMER STAPLES — 2.0%
Church & Dwight
3.150%, 08/01/27		441,000		428,298
Costco Wholesale
1.750%, 04/20/32		523,000		437,687
Flowers Foods
2.400%, 03/15/31		492,000		423,253
Ingredion
2.900%, 06/01/30		450,000		413,720
JBS USA Holding Lux Sarl
5.500%, 01/15/30		407,000		409,950
Philip Morris International
4.875%, 02/13/26		603,000		606,020
0.875%, 05/01/26		10,000		9,424
Pilgrim's Pride
4.250%, 04/15/31		375,000		353,494

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
CONSUMER STAPLES — continued
Procter & Gamble
4.050%, 01/26/33	$	498,000	$	494,293
				3,576,139

ENERGY — 2.4%
Boardwalk Pipelines
3.600%, 09/01/32		84,000		75,242
ConocoPhillips
5.050%, 09/15/33		28,000		28,714
Continental Resources
4.375%, 01/15/28		429,000		420,887
Coterra Energy
3.900%, 05/15/27		433,000		424,409
Diamondback Energy
3.125%, 03/24/31		495,000		446,634
EQT
7.000%, 02/01/30		220,000		239,686
HF Sinclair
5.875%, 04/01/26		193,000		195,014
4.500%, 10/01/30		237,000		229,010
Marathon Oil
4.400%, 07/15/27		287,000		285,926
MPLX
4.500%, 04/15/38		23,000		20,994
4.125%, 03/01/27		530,000		524,168
Oceaneering International
6.000%, 02/01/28		714,000		723,323
Ovintiv
6.250%, 07/15/33		41,000		43,288
Valero Energy
2.800%, 12/01/31		343,000		299,461
Western Midstream Operating
4.050%, 02/01/30		457,000		437,441
				4,394,197

FINANCIALS — 9.1%
Ally Financial
6.992%, SOFRRATE + 3.260%, 06/13/29(A)		11,000		11,667

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
FINANCIALS — continued
4.750%, 06/09/27	$	478,000	$	476,284
Ameriprise Financial
5.150%, 05/15/33		413,000		425,096
Apollo Global Management
6.375%, 11/15/33		384,000		422,586
Athene Holding
4.125%, 01/12/28		305,000		299,005
Bank of America
2.651%, SOFRRATE + 1.220%, 03/11/32(A)		1,055,000		925,650
2.482%, H15T5Y + 1.200%, 09/21/36(A)		839,000		695,171
1.898%, SOFRRATE + 1.530%, 07/23/31(A)		10,000		8,562
BlackRock
4.750%, 05/25/33		186,000		188,362
Blackstone Mortgage Trust
3.750%, 01/15/27		305,000		284,828
Blackstone Secured Lending Fund
3.625%, 01/15/26		221,000		215,522
Blue Owl Capital
2.875%, 06/11/28		310,000		283,419
Blue Owl Technology Finance
2.500%, 01/15/27		439,000		406,794
Brown & Brown
5.650%, 06/11/34		57,000		58,756
Capital One Financial
7.624%, SOFRRATE + 3.070%, 10/30/31(A)		145,000		163,683
2.359%, SOFRRATE + 1.337%, 07/29/32(A)		349,000		280,047
CBRE Services
2.500%, 04/01/31		481,000		414,532
Citigroup
3.070%, SOFRRATE + 1.280%, 02/24/28(A)		357,000		344,486
Citizens Financial Group
3.250%, 04/30/30		224,000		205,192
Corebridge Financial
6.050%, 09/15/33		279,000		297,145

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
FINANCIALS — continued
Discover Bank
2.700%, 02/06/30	$	274,000	$	243,884
Discover Financial Services
4.100%, 02/09/27		233,000		228,985
Enstar Group
4.950%, 06/01/29		435,000		430,981
F&G Annuities & Life
7.400%, 01/13/28		391,000		409,693
Goldman Sachs Group
4.411%, TSFR3M + 1.692%, 04/23/39(A)		529,000		488,730
4.017%, TSFR3M + 1.635%, 10/31/38(A)		210,000		186,018
1.093%, SOFRRATE + 0.789%, 12/09/26(A)		354,000		337,061
Huntington National Bank
4.552%, SOFRINDX + 1.650%, 05/17/28(A)		471,000		467,541
Ladder Capital Finance Holdings LLLP
4.250%, 02/01/27		855,000		829,728
Manufacturers & Traders Trust
4.700%, 01/27/28		261,000		259,304
MGIC Investment
5.250%, 08/15/28		409,000		407,172
Morgan Stanley
2.511%, SOFRRATE + 1.200%, 10/20/32(A)		42,000		36,016
2.484%, SOFRRATE + 1.360%, 09/16/36(A)		706,000		582,009
2.475%, SOFRRATE + 1.000%, 01/21/28(A)		210,000		199,879
OneMain Finance
3.500%, 01/15/27		433,000		410,472
Principal Financial Group
5.375%, 03/15/33		54,000		55,627
Reinsurance Group of America
6.000%, 09/15/33		29,000		30,603
Santander Holdings USA
7.660%, SOFRRATE + 3.280%, 11/09/31(A)		130,000		144,934

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
FINANCIALS — continued
2.490%, SOFRRATE + 1.249%, 01/06/28(A)	$	649,000	$	609,084
SLM
3.125%, 11/02/26		861,000		822,879
Starwood Property Trust
4.375%, 01/15/27		319,000		309,878
3.625%, 07/15/26		459,000		441,768
Synchrony Bank
5.625%, 08/23/27		457,000		463,483
Synovus Bank
5.625%, 02/15/28		426,000		424,720
Truist Financial MTN
5.122%, SOFRRATE + 1.852%, 01/26/34(A)		638,000		634,563
Wells Fargo MTN
3.584%, TSFR3M + 1.572%, 05/22/28(A)		307,000		298,724
3.196%, TSFR3M + 1.432%, 06/17/27(A)		20,000		19,496
2.572%, TSFR3M + 1.262%, 02/11/31(A)		45,000		40,377
				16,220,396

HEALTH CARE — 2.7%
AbbVie
3.200%, 11/21/29		10,000		9,476
Agilent Technologies
2.750%, 09/15/29		464,000		426,140
Boston Scientific
4.550%, 03/01/39		348,000		334,742
4.000%, 03/01/28		54,000		53,456
Cardinal Health
5.450%, 02/15/34		159,000		164,328
Centene
4.250%, 12/15/27		542,000		529,913
Elevance Health
5.350%, 10/15/25		10,000		10,061
Humana
5.875%, 03/01/33		44,000		46,256
3.125%, 08/15/29		310,000		289,637

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
HEALTH CARE — continued
2.150%, 02/03/32	$	165,000	$	136,834
McKesson
1.300%, 08/15/26		319,000		300,146
Merck
4.500%, 05/17/33		259,000		259,300
3.900%, 03/07/39		397,000		356,974
Pfizer
3.900%, 03/15/39		18,000		16,052
Quest Diagnostics
6.400%, 11/30/33		292,000		321,361
4.200%, 06/30/29		116,000		114,366
Regeneron Pharmaceuticals
1.750%, 09/15/30		514,000		439,419
Royalty Pharma
2.150%, 09/02/31		471,000		395,068
1.200%, 09/02/25		62,000		59,748
STERIS Irish FinCo UnLtd
2.700%, 03/15/31		487,000		426,533
UnitedHealth Group
6.625%, 11/15/37		20,000		23,230
5.150%, 10/15/25		28,000		28,221
4.500%, 04/15/33		17,000		16,799
2.875%, 08/15/29		20,000		18,752
2.300%, 05/15/31		26,000		22,695
				4,799,507

INDUSTRIALS — 3.5%
Acuity Brands Lighting
2.150%, 12/15/30		502,000		431,025
BNSF Funding Trust I
6.613%, US0003M + 2.350%, 12/15/55(A)		61,000		61,363
Booz Allen Hamilton
5.950%, 08/04/33		312,000		330,280
Broadridge Financial Solutions
2.900%, 12/01/29		11,000		10,099
Burlington Northern Santa Fe
3.250%, 06/15/27		154,000		150,305
Cargo Aircraft Management
4.750%, 02/01/28		609,000		583,332

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
INDUSTRIALS — continued
Carlisle
2.200%, 03/01/32	$	458,000	$	383,044
Cintas No. 2
3.700%, 04/01/27		409,000		403,133
CoreCivic
4.750%, 10/15/27		780,000		743,967
EnerSys
4.375%, 12/15/27		737,000		719,937
FedEx
3.250%, 04/01/26		24,000		23,512
Hillenbrand
5.000%, 09/15/26		510,000		508,052
Ingersoll Rand
5.700%, 08/14/33		22,000		23,206
5.400%, 08/14/28		370,000		381,288
JB Hunt Transport Services
3.875%, 03/01/26		76,000		75,061
Nordson
5.600%, 09/15/28		397,000		411,308
Owens Corning
3.950%, 08/15/29		423,000		409,305
Pentair Finance Sarl
4.500%, 07/01/29		181,000		178,547
Trane Technologies Global Holding
3.750%, 08/21/28		386,000		377,338
				6,204,102

INFORMATION TECHNOLOGY — 2.8%
Adobe
2.150%, 02/01/27		169,000		161,236
Amphenol
4.750%, 03/30/26		427,000		428,054
Apple
4.300%, 05/10/33		147,000		149,903
ASGN
4.625%, 05/15/28		735,000		710,135
Broadcom
3.187%, 11/15/36		73,000		60,402
3.150%, 11/15/25		18,000		17,666

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
INFORMATION TECHNOLOGY — continued
CDW
4.250%, 04/01/28	$	29,000	$	28,481
2.670%, 12/01/26		443,000		422,636
Juniper Networks
3.750%, 08/15/29		436,000		417,976
Micron Technology
4.185%, 02/15/27		475,000		470,270
Motorola Solutions
4.600%, 02/23/28		438,000		439,391
NetApp
2.375%, 06/22/27		460,000		434,789
Oracle
3.800%, 11/15/37		91,000		78,234
Qorvo
4.375%, 10/15/29		433,000		416,979
Skyworks Solutions
3.000%, 06/01/31		488,000		426,282
Texas Instruments
3.875%, 03/15/39		295,000		271,053
Western Digital
2.850%, 02/01/29		76,000		68,186
				5,001,673

MATERIALS — 1.1%
AptarGroup
3.600%, 03/15/32		451,000		408,651
LYB International Finance III
1.250%, 10/01/25		80,000		76,969
NewMarket
2.700%, 03/18/31		309,000		269,001
Novelis
3.250%, 11/15/26		500,000		481,222
Reliance
2.150%, 08/15/30		299,000		260,170
RPM International
3.750%, 03/15/27		137,000		133,866

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
MATERIALS — continued
Steel Dynamics
3.250%, 01/15/31	$	464,000	$	422,506
				2,052,385

REAL ESTATE — 2.8%
Agree
2.600%, 06/15/33		192,000		157,088
2.000%, 06/15/28		292,000		264,464
AvalonBay Communities
5.300%, 12/07/33		234,000		240,657
2.050%, 01/15/32		253,000		214,615
CubeSmart
2.500%, 02/15/32		39,000		33,216
2.250%, 12/15/28		434,000		394,119
EPR Properties
3.750%, 08/15/29		10,000		9,268
Essential Properties
2.950%, 07/15/31		42,000		35,954
Forestar Group
3.850%, 05/15/26		226,000		220,037
Global Net Lease
3.750%, 12/15/27		782,000		712,709
Highwoods Realty
4.125%, 03/15/28		432,000		415,949
Invitation Homes Operating Partnership
2.700%, 01/15/34		488,000		399,534
NNN REIT
3.500%, 10/15/27		28,000		27,167
Omega Healthcare Investors
4.750%, 01/15/28		433,000		429,262
Realty Income
1.800%, 03/15/33		186,000		145,962
Tanger Properties
2.750%, 09/01/31		491,000		418,387
Vornado Realty
2.150%, 06/01/26		880,000		832,499
				4,950,887

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
UTILITIES — 3.9%
Avangrid
3.800%, 06/01/29	$	440,000	$	423,828
Black Hills
5.950%, 03/15/28		396,000		413,141
4.350%, 05/01/33		19,000		17,848
Consolidated Edison of New York
4.000%, 12/01/28		35,000		34,695
3.350%, 04/01/30		549,000		522,499
Constellation Energy Generation
5.600%, 03/01/28		438,000		453,964
DTE Energy
3.400%, 06/15/29		11,000		10,432
2.950%, 03/01/30		458,000		418,979
Duke Energy Carolinas
4.950%, 01/15/33		10,000		10,157
Edison International
6.950%, 11/15/29		376,000		411,189
Entergy Texas
4.500%, 03/30/39		569,000		529,112
Essential Utilities
5.375%, 01/15/34		331,000		338,029
Evergy Kansas Central
5.900%, 11/15/33		401,000		427,756
MidAmerican Energy
5.350%, 01/15/34		233,000		244,021
3.650%, 04/15/29		510,000		495,847
Oklahoma Gas and Electric
5.400%, 01/15/33		316,000		329,188
Pacific Gas and Electric
3.250%, 06/01/31		238,000		212,837
Piedmont Natural Gas
2.500%, 03/15/31		15,000		13,067
PPL Electric Utilities
5.000%, 05/15/33		462,000		468,778
Public Service Electric and Gas
5.200%, 08/01/33		480,000		496,424
Puget Sound Energy
5.330%, 06/15/34		156,000		160,998
Sempra
3.800%, 02/01/38		502,000		427,564

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
UTILITIES — continued
Southern California Edison
2.750%, 02/01/32	$	17,000	$	14,873
Southern California Gas
5.200%, 06/01/33		95,000		97,618
				6,972,844

				67,719,342
Total Corporate Obligations
(Cost $79,728,558)				80,972,413
MORTGAGE-BACKED SECURITIES — 27.7%

Agency Mortgage Backed Obligations — 27.7%
FHLMC
6.000%, 08/01/53		316,733		327,259
2.500%, 01/01/52		843,676		727,205
FHLMC Multifamily Structured Pass Through Certificates, Ser K102, Cl A1
2.184%, 05/25/29		871,458		828,963
FHLMC Multifamily Structured Pass Through Certificates, Ser K122, Cl A1
0.863%, 05/25/30		886,546		799,166
FHLMC Multifamily Structured Pass Through Certificates, Ser K126, Cl A1
1.319%, 10/25/30		602,923		556,073
FHLMC Multifamily Structured Pass Through Certificates, Ser K747, Cl AM
1.752%, 12/25/28(A)		2,000,000		1,810,666
FNMA
7.000%, 12/01/53		593,327		615,888
6.500%, 01/01/53		1,345,919		1,386,473
6.000%, 08/01/53		1,564,697		1,593,465
5.500%, 12/01/52		2,862,158		2,903,327
5.000%, 10/01/52		2,545,154		2,527,926
4.500%, 11/01/52		593,936		577,970
3.500%, 12/01/52		2,906,688		2,676,060
3.000%, 06/01/52		7,557,009		6,708,417
2.500%, 01/01/52		6,481,859		5,657,063
2.000%, 03/01/52		13,906,286		11,587,539
1.500%, 12/01/36		1,708,381		1,429,561
GNMA
5.500%, 09/20/53		953,500		959,835

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

MORTGAGE-BACKED SECURITIES — continued
	Face Amount		Value
Agency Mortgage Backed Obligations — continued
5.000%, 07/20/53	$	954,569	$	953,502
4.500%, 04/20/53		935,890		916,930
3.500%, 05/20/52		1,712,638		1,594,496
2.000%, 04/20/52		2,360,219		1,988,513

Total Mortgage-Backed Securities
(Cost $48,440,173)				49,126,297
U.S. TREASURY OBLIGATIONS — 22.8%

U.S. Treasury Bonds
4.500%, 02/15/36		613,000		649,828
4.250%, 02/15/54		183,000		183,715
3.375%, 11/15/48		1,401,000		1,193,860
3.125%, 05/15/48		2,343,000		1,913,847
3.000%, 08/15/48		1,015,000		809,145
2.875%, 05/15/49		2,584,000		2,005,325
2.875%, 05/15/52		2,047,000		1,581,947
2.500%, 02/15/45		20,000		15,020
2.250%, 05/15/41		2,492,000		1,894,212
2.250%, 08/15/46		305,000		214,405
2.000%, 02/15/50		118,000		75,548
1.875%, 02/15/41		2,848,000		2,048,113
1.875%, 02/15/51		184,000		113,469
1.875%, 11/15/51		1,694,000		1,039,428
1.625%, 11/15/50		3,116,000		1,801,803
1.375%, 11/15/40		3,082,000		2,046,881
1.375%, 08/15/50		3,740,000		2,025,444
1.250%, 05/15/50		3,376,000		1,773,587
1.125%, 05/15/40		869,000		562,474
1.125%, 08/15/40		1,700,000		1,090,656
				23,038,707

U.S. Treasury Notes
3.875%, 09/30/29		24,000		24,128
3.250%, 06/30/29		1,848,000		1,806,781
3.125%, 11/15/28		1,921,000		1,873,050
2.750%, 05/31/29		1,154,000		1,103,963
1.625%, 08/15/29		815,000		738,339
1.500%, 11/30/28		446,000		406,853
1.375%, 12/31/28		944,000		855,205
0.875%, 11/15/30		214,000		179,919
0.750%, 03/31/26		1,224,000		1,162,417

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

U.S. TREASURY OBLIGATIONS — continued
	Face Amount		Value
0.750%, 04/30/26	$	1,729,000	$	1,638,363
0.750%, 08/31/26		912,000		856,817
0.625%, 05/15/30		1,503,000		1,262,285
0.625%, 08/15/30		2,117,000		1,764,056
0.500%, 02/28/26		1,775,000		1,683,061
0.375%, 01/31/26		1,614,000		1,531,282
0.250%, 07/31/25		526,000		506,583
				17,393,102

Total U.S. Treasury Obligations
(Cost $40,345,457)				40,431,809
SOVEREIGN DEBT — 1.3%

CANADA — 0.2%
Canada Government International Bond
3.750%, 04/26/28		415,000		414,193

INDONESIA — 0.2%
Indonesia Government International Bond
4.550%, 01/11/28		315,000		316,039

MEXICO — 0.3%
Mexico Government International Bond
4.280%, 08/14/41		523,000		421,627

PANAMA — 0.1%
Panama Government International Bond
4.500%, 01/19/63		237,000		161,106

PHILIPPINES — 0.3%
Philippine Government International Bond
3.200%, 07/06/46		740,000		550,771

SOUTH KOREA — 0.2%
Korea Development Bank
4.375%, 02/15/28		209,000		210,053

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

SOVEREIGN DEBT — continued
	Face Amount		Value
2.000%, 02/24/25	$	200,000	$	197,194
				407,247
Total Sovereign Debt
(Cost $2,251,137)				2,270,983
MUNICIPAL BONDS — 0.5%

ILLINOIS — 0.2%
State of Illinois, GO
6.630%, 02/01/35		317,308		336,142

LOUISIANA — 0.2%
Louisiana Local Government Environmental Facilities & Community Development Authority, RB
4.475%, 08/01/39		290,000		282,966

OHIO — 0.1%
JobsOhio Beverage System, Ser A, RB
2.833%, 01/01/38		310,000		255,603

Total Municipal Bonds
(Cost $859,934)				874,711
U.S. GOVERNMENT AGENCY OBLIGATION — 0.3%

Tennessee Valley Authority
3.875%, 03/15/28		439,000		439,735

Total U.S. Government Agency Obligation
(Cost $435,914)				439,735
SHORT-TERM INVESTMENT — 1.1%
	Shares
DWS Government Money Market Series, Institutional Shares, 5.380% (B)
(Cost $1,972,702)		1,972,702		1,972,702
Total Investments — 99.4%
(Cost $174,033,875)			$	176,088,650

Percentages are based on Net Assets of $177,128,943.

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

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

(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 August 31, 2024.

Cl — Class

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

H15T5Y — US Treasury Yield Curve Constant Maturity Rate 5 Year

LLLP — Limited Liability Limited Partnership

Ltd. — Limited

MTN — Medium Term Note

RB — Revenue Bond

REIT — Real Estate investment Trust

Ser — Series

SOFRINDX — Secured Overnight Financing Rate Index

SOFRRATE — Secured Overnight Financing Rate

TSFR3M — 3 Month CME Term Secured

US0003M — 3 Month USD Swap Rate

The following is a summary of the level of inputs used as of August 31, 2024, in valuing the Fund’s carried at value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Corporate Obligations	$	–	$	80,972,413	$	–	$	80,972,413
Mortgage-Backed Securities		–		49,126,297		–		49,126,297
U.S. Treasury Obligations		–		40,431,809		–		40,431,809
Sovereign Debt		–		2,270,983		–		2,270,983
Municipal Bonds		–		874,711		–		874,711
U.S. Government Agency Obligation		–		439,735		–		439,735
Short-Term Investment		1,972,702		–		–		1,972,702
Total Investments in Securities	$	1,972,702	$	174,115,948	$	–	$	176,088,650

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
AUGUST 31, 2024

SCHEDULE OF INVESTMENTS
REGISTERED INVESTMENT COMPANIES — 99.0%
	Shares		Value
MUNICIPAL BOND FUNDS — 99.0%
DFA Intermediate-Term Municipal Bond Portfolio, Cl I		886,251	$	8,968,860
DFA Short-Term Municipal Bond Portfolio, Cl I (A)		1,696,234		17,267,661
iShares National Muni Bond ETF		16,965		1,826,622
iShares Short-Term National Muni Bond ETF		37,387		3,956,666
Vanguard Tax-Exempt Bond Index ETF		70,633		3,578,268
Total Registered Investment Companies
(Cost $35,869,939)				35,598,077
SHORT-TERM INVESTMENT — 1.0%

DWS Government Money Market Series, Institutional Shares, 5.380% (B)
(Cost $358,642)		358,642		358,642
Total Investments — 100.0%
(Cost $36,228,581)			$	35,956,719

Percentages are based on Net Assets of $35,967,522.

(A)	Represents greater than 25% of the Fund’s total investments. For further financial information, please go to the Fund’s website at https://www.dimensional.com/us-en/funds.
(B)	The rate reported is the 7-day effective yield as of August 31, 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
AUGUST 31, 2024

SCHEDULE OF INVESTMENTS
CORPORATE OBLIGATIONS — 50.1%
	Face Amount		Value
AUSTRALIA — 2.3%
APA Infrastructure MTN
0.750%, 03/15/29	$	644,000	$	630,937
Brambles Finance
1.500%, 10/04/27		626,000		660,986
CSL Finance
4.250%, 04/27/32		681,000		662,368
Goodman US Finance Three
3.700%, 03/15/28		663,000		639,359
Macquarie Group
1.340%, SOFRRATE + 1.069%, 01/12/27(A)		535,000		509,728
Mineral Resources MTN
9.250%, 10/01/28		283,000		298,974
8.000%, 11/01/27		1,148,000		1,166,054
Origin Energy Finance MTN
1.000%, 09/17/29		618,000		597,506
Perenti Finance Pty
7.500%, 04/26/29		738,000		764,203
Rio Tinto Finance USA
5.000%, 03/09/33		349,000		360,074
Santos Finance MTN
5.250%, 03/13/29		648,000		651,101
South32 Treasury
4.350%, 04/14/32		34,000		31,709
				6,972,999

AUSTRIA — 0.6%
BAWAG PSK Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse MTN
1.750%, 03/08/30		300,000		312,968
Erste Group Bank MTN
0.050%, 09/16/25		600,000		641,618
Raiffeisen Bank International MTN
0.050%, 09/01/27		700,000		700,031
				1,654,617

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
BELGIUM — 0.6%
Aliaxis Finance
0.875%, 11/08/28	$	100,000	$	98,647
KBC Group
5.796%, H15T1Y + 2.100%, 01/19/29(A)		432,000		444,573
Telenet Finance Luxembourg Notes Sarl
5.500%, 03/01/28		1,200,000		1,162,056
				1,705,276

CANADA — 2.6%
Air Canada
3.875%, 08/15/26		809,000		780,631
Air Canada 2020-1 Class C Pass Through Trust
10.500%, 07/15/26		16,000		17,141
Bank of Nova Scotia
0.010%, 01/14/27		882,000		912,803
Canadian National Railway
5.850%, 11/01/33		551,000		601,768
Canadian Natural Resources
3.850%, 06/01/27		377,000		369,734
2.950%, 07/15/30		352,000		318,744
Cascades
5.125%, 01/15/26		820,000		812,736
Cenovus Energy
2.650%, 01/15/32		50,000		42,660
Constellation Software
5.461%, 02/16/34		203,000		209,193
Enerflex
9.000%, 10/15/27		1,446,000		1,497,332
Fairfax Financial Holdings
2.750%, 03/29/28		268,000		288,313
Suncor Energy
7.150%, 02/01/32		532,000		596,422
Toronto-Dominion Bank MTN
1.707%, 07/28/25		842,000		919,751
				7,367,228

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
CHILE — 0.1%
Empresa de los Ferrocarriles del Estado
3.830%, 09/14/61	$	237,000	$	161,285


CHINA — 0.5%
China Construction Bank
2.850%, H15T5Y + 1.400%, 01/21/32(A)		893,000		859,111
Industrial & Commercial Bank of China MTN
1.625%, 10/28/26		600,000		566,125
				1,425,236

DENMARK — 0.6%
H Lundbeck MTN
0.875%, 10/14/27		663,000		679,020
Pandora MTN
4.500%, 04/10/28		563,000		645,031
Sydbank MTN
5.125%, EUSA1 + 1.850%, 09/06/28(A)		482,000		558,701
0.500%, 11/10/26(A)		105,000		111,867
				1,994,619

FINLAND — 0.2%
Nokia
4.375%, 06/12/27		619,000		612,081


FRANCE — 1.4%
Arkea Home Loans SFH MTN
3.000%, 03/30/27		700,000		777,782
Electricite de France
5.700%, 05/23/28		864,000		893,350
La Banque Postale MTN
4.000%, 05/03/28		1,400,000		1,584,003
La Banque Postale Home Loan SFH MTN
3.000%, 01/31/31		300,000		334,753

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
MMS USA Holdings MTN
1.750%, 06/13/31	$	200,000	$	200,948
				3,790,836

GERMANY — 4.4%
Berlin Hyp MTN
1.750%, 05/10/32		49,000		50,451
1.250%, 08/25/25		47,000		51,066
0.010%, 01/27/31		689,000		640,569
Commerzbank MTN
3.375%, 12/12/25		312,000		347,428
Deutsche Bahn Finance GMBH MTN
1.125%, 05/29/51		1,128,000		740,495
Deutsche Bank MTN
1.875%, EUR003M + 1.380%, 02/23/28(A)		700,000		743,015
0.010%, 10/02/29		226,000		217,573
Deutsche Kreditbank
3.000%, 01/31/35		200,000		223,666
Deutsche Pfandbriefbank MTN
0.010%, 08/25/26		300,000		312,132
Fresenius Medical Care US Finance III
1.875%, 12/01/26		663,000		616,224
Hella GmbH & KGaA
0.500%, 01/26/27		659,000		683,324
Kreditanstalt fuer Wiederaufbau MTN
5.125%, 09/29/25		1,101,000		1,109,830
2.500%, 11/19/25		2,067,000		2,279,726
Landwirtschaftliche Rentenbank MTN
0.100%, 03/08/27		541,000		563,258
0.050%, 01/31/31		1,131,000		1,064,880
Muenchener Hypothekenbank eG MTN
2.750%, 09/24/25		816,000		900,000
NRW Bank
2.875%, 04/05/33		15,000		16,809
1.625%, 08/03/32		1,766,000		1,809,700
				12,370,146

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
GREECE — 0.7%
Danaos
8.500%, 03/01/28	$	1,426,000	$	1,465,761
National Bank of Greece MTN
4.500%, EUR006M + 1.812%, 01/29/29(A)		502,000		567,256
				2,033,017

ITALY — 1.0%
Banco BPM MTN
3.750%, 06/27/28		200,000		226,695
BPER Banca SPA MTN
4.250%, EUR003M + 1.600%, 02/20/30(A)		204,000		230,824
Coca-Cola HBC Finance BV MTN
2.750%, 09/23/25		204,000		224,315
Enel Finance International
7.500%, 10/14/32		203,000		233,174
5.000%, 06/15/32		657,000		654,256
ERG MTN
0.875%, 09/15/31		278,000		251,780
0.500%, 09/11/27		422,000		428,115
Intesa Sanpaolo
6.625%, 06/20/33		590,000		632,717
				2,881,876

JAPAN — 0.3%
JT International Financial Services BV MTN
3.875%, 09/28/28		699,000		683,259
Renesas Electronics
2.170%, 11/25/26		286,000		270,171
				953,430

LUXEMBOURG — 0.2%
ArcelorMittal
4.250%, 07/16/29		508,000		496,980

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
MEXICO — 0.1%
Infraestructura Energetica Nova SAPI
4.750%, 01/15/51	$	394,000	$	297,826


NETHERLANDS — 1.3%
ASML Holding
0.250%, 02/25/30		281,000		268,896
IMCD
4.875%, 09/18/28		403,000		464,523
ING Groep
4.125%, EUSA5 + 2.500%, 08/24/33(A)		700,000		776,662
Koninklijke KPN MTN
0.875%, 11/15/33		100,000		88,291
Sandoz Finance BV
4.220%, 04/17/30		523,000		600,429
TenneT Holding BV MTN
0.875%, 06/16/35		954,000		811,340
Wolters Kluwer
3.000%, 09/23/26		550,000		609,046
				3,619,187

NORWAY — 0.9%
Aker BP
5.600%, 06/13/28		488,000		501,633
1.125%, 05/12/29		116,000		115,969
DNB Bank
1.535%, H15T1Y + 0.720%, 05/25/27(A)		789,000		749,187
SpareBank 1 SR-Bank MTN
2.875%, 09/20/25		464,000		510,356
Var Energi
8.000%, 11/15/32		200,000		230,225
7.500%, 01/15/28		406,000		433,200
				2,540,570
PANAMA — 0.1%
AES Panama Generation Holdings SRL
4.375%, 05/31/30		201,712		180,525

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
PORTUGAL — 0.0%
Banco Comercial Portugues MTN
5.625%, EUR003M + 1.900%, 10/02/26(A)	$	100,000	$	112,859


QATAR — 0.1%
QatarEnergy
3.300%, 07/12/51		200,000		149,252


SAUDI ARABIA — 0.1%
Gaci First Investment
5.375%, 10/13/22		202,000		181,217


SPAIN — 0.4%
CaixaBank
5.673%, SOFRRATE + 1.780%, 03/15/30(A)		660,000		679,450
Unicaja Banco MTN
5.125%, EUSA1 + 2.150%, 02/21/29(A)		500,000		579,759
				1,259,209

SUPRANATIONAL — 4.3%
African Development Bank
4.625%, 01/04/27		866,000		878,517
Asian Development Bank MTN
4.250%, 01/09/26		888,000		888,100
3.125%, 08/20/27		250,000		245,076
Council of Europe Development Bank MTN
3.125%, 09/13/28		1,548,000		1,751,125
European Investment Bank
4.500%, 10/16/28		484,000		496,892
0.750%, 10/26/26		728,000		680,377
0.375%, 09/15/27		2,106,000		2,186,180
Inter-American Development Bank MTN
4.500%, 05/15/26		1,060,000		1,066,734
3.500%, 09/14/29		16,000		15,752

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
International Bank for Reconstruction & Development MTN
3.500%, 07/12/28	$	1,098,000	$	1,086,195
3.100%, 04/14/38		975,000		1,092,382
International Finance MTN
4.375%, 01/15/27		865,000		873,118
Nordic Investment Bank
5.000%, 10/15/25		835,000		840,805
				12,101,253

SWEDEN — 1.2%
Autoliv MTN
3.625%, 08/07/29		372,000		411,982
Balder Finland MTN
1.000%, 01/18/27		504,000		521,191
Fastighets Balder
1.875%, 01/23/26		132,000		141,888
H&M Finance BV MTN
4.875%, 10/25/31		314,000		369,845
Investor MTN
1.500%, 09/12/30		100,000		101,477
Molnlycke Holding MTN
4.250%, 09/08/28		184,000		208,868
0.625%, 01/15/31		413,000		376,386
Tele2 MTN
3.750%, 11/22/29		535,000		600,102
Telefonaktiebolaget LM Ericsson MTN
1.125%, 02/08/27		593,000		622,496
				3,354,235

SWITZERLAND — 0.7%
Holcim Finance Luxembourg MTN
0.500%, 11/29/26		201,000		210,141
0.125%, 07/19/27		490,000		499,773
UBS Group
7.750%, EUAMDB01 + 4.950%, 03/01/29(A)		816,000		1,025,786

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
UBS Switzerland MTN
3.390%, 12/05/25	$	100,000	$	111,115
				1,846,815

UNITED ARAB EMIRATES — 0.2%
Abu Dhabi National Energy PJSC
4.696%, 04/24/33		637,000		643,292


UNITED KINGDOM — 5.1%
3i Group
4.875%, 06/14/29		524,000		607,113
AA Bond MTN
8.450%, 01/31/28		555,000		774,243
Babcock International Group MTN
1.375%, 09/13/27		388,000		402,380
BAE Systems
3.400%, 04/15/30		715,000		671,359
Barclays MTN
2.885%, EUAMDB01 + 1.680%, 01/31/27(A)		830,000		912,913
BAT International Finance
5.931%, 02/02/29		31,000		32,527
1.668%, 03/25/26		871,000		831,329
Compass Group Finance Netherlands BV MTN
1.500%, 09/05/28		625,000		654,412
HSBC Holdings
6.364%, EUSA5 + 3.300%, 11/16/32(A)		815,000		961,888
Imperial Brands Finance
6.125%, 07/27/27		434,000		449,129
3.875%, 07/26/29		247,000		235,242
Informa MTN
2.125%, 10/06/25		141,000		153,560
1.250%, 04/22/28		511,000		525,552
InterContinental Hotels Group MTN
2.125%, 05/15/27		625,000		672,418
ITV
1.375%, 09/26/26		636,000		675,986

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
Lloyds Banking Group MTN
4.750%, EUSA1 + 1.600%, 09/21/31(A)	$	536,000	$	628,406
4.500%, EUSA1 + 1.600%, 01/11/29(A)		157,000		180,236
National Grid
5.602%, 06/12/28		669,000		691,956
Nationwide Building Society MTN
3.960%, US0003M + 1.855%, 07/18/30(A)		783,000		752,038
2.250%, 05/16/37		799,000		809,130
NatWest Group
5.808%, H15T1Y + 1.950%, 09/13/29(A)		819,000		851,111
RELX Capital
3.000%, 05/22/30		744,000		688,265
Rolls-Royce MTN
4.625%, 02/16/26		220,000		246,284
1.625%, 05/09/28		388,000		404,836
SSE MTN
4.000%, 09/05/31		100,000		114,292
				13,926,605

UNITED STATES — 20.1%
COMMUNICATION SERVICES — 1.9%
Belo
7.750%, 06/01/27		387,000		398,354
Charter Communications Operating
4.400%, 04/01/33		832,000		756,217
Cogent Communications Group
3.500%, 05/01/26		834,000		806,863
Fox
6.500%, 10/13/33		285,000		308,748
3.500%, 04/08/30		338,000		318,826
Meta Platforms
4.600%, 05/15/28		281,000		285,952
Netflix
6.375%, 05/15/29		10,000		10,835
4.875%, 04/15/28		703,000		716,944
Omnicom Group
4.200%, 06/01/30		494,000		484,540
2.450%, 04/30/30		191,000		169,726

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
COMMUNICATION SERVICES — continued
TEGNA
4.750%, 03/15/26	$	806,000	$	795,936
				5,052,941

CONSUMER DISCRETIONARY — 2.9%
Adtalem Global Education
5.500%, 03/01/28		1,521,000		1,495,755
Bath & Body Works
6.694%, 01/15/27		790,000		813,524
Block Financial
3.875%, 08/15/30		165,000		156,527
2.500%, 07/15/28		530,000		486,939
Dick's Sporting Goods
3.150%, 01/15/32		20,000		17,694
Lennar
5.250%, 06/01/26		148,000		148,909
Meritage Homes
5.125%, 06/06/27		663,000		667,099
NVR
3.000%, 05/15/30		734,000		673,210
PulteGroup
6.375%, 05/15/33		556,000		604,572
PVH
3.125%, 12/15/27		563,000		617,349
Shea Homes
4.750%, 02/15/28		1,216,000		1,188,252
Tapestry
5.350%, 11/27/25		597,000		672,869
Travel + Leisure
6.625%, 07/31/26		775,000		788,790
				8,331,489

CONSUMER STAPLES — 0.7%
Philip Morris International
4.875%, 02/13/26		351,000		352,758
2.875%, 05/14/29		374,000		406,864
Pilgrim's Pride
4.250%, 04/15/31		644,000		607,066

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
CONSUMER STAPLES — continued
Smithfield Foods
4.250%, 02/01/27	$	678,000	$	664,105
				2,030,793

ENERGY — 1.8%
California Resources
8.250%, 06/15/29		10,000		10,314
Civitas Resources
5.000%, 10/15/26		816,000		804,540
Coterra Energy
3.900%, 05/15/27		679,000		665,528
Helix Energy Solutions Group
9.750%, 03/01/29		1,342,000		1,445,876
Helmerich & Payne
2.900%, 09/29/31		687,000		591,185
Marathon Oil
4.400%, 07/15/27		58,000		57,783
New Fortress Energy
6.500%, 09/30/26		800,000		692,501
Ovintiv
5.650%, 05/15/28		666,000		685,402
				4,953,129

FINANCIALS — 5.0%
Ally Financial
2.200%, 11/02/28		812,000		728,232
Aon Global
2.875%, 05/14/26		510,000		555,744
Apollo Management Holdings
4.872%, 02/15/29		129,000		130,343
Athene Global Funding MTN
0.832%, 01/08/27		464,000		483,242
Bank of America MTN
3.648%, 03/31/29(A)		251,000		281,559
Blue Owl Capital III
3.125%, 04/13/27		267,000		250,223
Blue Owl Finance
4.375%, 02/15/32		648,000		593,081

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
FINANCIALS — continued
Chubb INA Holdings
0.875%, 06/15/27	$	413,000	$	427,627
Citizens Financial Group
3.250%, 04/30/30		757,000		693,440
Discover Bank
4.650%, 09/13/28		620,000		617,905
Enact Holdings
6.250%, 05/28/29		557,000		574,396
F&G Global Funding
2.300%, 04/11/27		12,000		11,136
2.000%, 09/20/28		770,000		674,521
Global Atlantic Finance
4.400%, 10/15/29		117,000		111,637
HAT Holdings I
3.750%, 09/15/30		323,000		287,248
Hercules Capital
3.375%, 01/20/27		35,000		33,108
2.625%, 09/16/26		594,000		558,365
M&T Bank
5.053%, SOFRRATE + 1.850%, 01/27/34(A)		410,000		397,883
Main Street Capital
3.000%, 07/14/26		705,000		672,041
MGIC Investment
5.250%, 08/15/28		629,000		626,189
NMI Holdings
6.000%, 08/15/29		337,000		344,967
OneMain Finance
7.125%, 03/15/26		700,000		713,253
Reliance Standard Life Global Funding II
2.750%, 01/21/27		645,000		612,769
Shift4 Payments
4.625%, 11/01/26		800,000		789,294
SLM
3.125%, 11/02/26		800,000		764,580
Starwood Property Trust
3.625%, 07/15/26		800,000		769,966
Synchrony Financial
5.150%, 03/19/29		696,000		693,210

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
FINANCIALS — continued
Synovus Bank
5.625%, 02/15/28	$	670,000	$	667,987
				14,063,946

HEALTH CARE — 1.2%
Agilent Technologies
2.750%, 09/15/29		721,000		662,170
Centene
4.625%, 12/15/29		415,000		403,750
3.000%, 10/15/30		11,000		9,773
2.625%, 08/01/31		381,000		323,186
Icon Investments Six DAC
6.000%, 05/08/34		408,000		429,639
McKesson
5.100%, 07/15/33		187,000		192,032
Regeneron Pharmaceuticals
1.750%, 09/15/30		803,000		686,485
Stryker
3.650%, 03/07/28		714,000		696,990
				3,404,025

INDUSTRIALS — 2.3%
Acuity Brands Lighting
2.150%, 12/15/30		788,000		676,589
Booz Allen Hamilton
5.950%, 08/04/33		601,000		636,212
3.875%, 09/01/28		15,000		14,421
Cintas No. 2
3.700%, 04/01/27		281,000		276,969
CoreCivic
4.750%, 10/15/27		1,282,000		1,222,777
Hillenbrand
5.000%, 09/15/26		700,000		697,326
Jacobs Engineering Group
6.350%, 08/18/28		616,000		651,294
Nordson
5.600%, 09/15/28		561,000		581,218
Steelcase
5.125%, 01/18/29		1,533,000		1,501,002

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

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
INDUSTRIALS — continued
Wabtec Transportation Netherlands BV
1.250%, 12/03/27	$	306,000	$	317,823
				6,575,631

INFORMATION TECHNOLOGY — 0.8%
Amphenol
4.750%, 03/30/26		628,000		629,550
Gartner
4.500%, 07/01/28		703,000		690,414
Skyworks Solutions
3.000%, 06/01/31		660,000		576,529
VeriSign
2.700%, 06/15/31		289,000		250,748
Xerox Holdings
5.000%, 08/15/25		269,000		264,761
				2,412,002

MATERIALS — 0.6%
AptarGroup
3.600%, 03/15/32		349,000		316,229
Novelis
3.250%, 11/15/26		851,000		819,040
Packaging Corp of America
5.700%, 12/01/33		58,000		60,916
Westlake
1.625%, 07/17/29		594,000		597,602
				1,793,787

REAL ESTATE — 1.5%
Agree
2.600%, 06/15/33		124,000		101,453
Broadstone Net Lease
2.600%, 09/15/31		553,000		457,837
EPR Properties
4.950%, 04/15/28		550,000		543,414
Essential Properties
2.950%, 07/15/31		10,000		8,560

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

100

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

CORPORATE OBLIGATIONS — continued
	Face Amount		Value
REAL ESTATE — continued
Forestar Group
3.850%, 05/15/26	$	835,000	$	812,969
Highwoods Realty
3.875%, 03/01/27		602,000		582,600
National Health Investors
3.000%, 02/01/31		121,000		104,074
RLJ Lodging Trust
3.750%, 07/01/26		800,000		773,420
Vornado Realty
2.150%, 06/01/26		800,000		756,817
				4,141,144

UTILITIES — 1.4%
Black Hills
5.950%, 03/15/28		620,000		646,837
Constellation Energy Generation
5.800%, 03/01/33		12,000		12,603
5.600%, 03/01/28		642,000		665,399
Duke Energy
3.750%, 04/01/31		375,000		415,064
3.100%, 06/15/28		153,000		167,660
Essential Utilities
5.375%, 01/15/34		482,000		492,235
NRG Energy
2.450%, 12/02/27		738,000		684,926
PPL Electric Utilities
5.000%, 05/15/33		107,000		108,570
Vistra Operations
4.300%, 07/15/29		432,000		419,333
3.700%, 01/30/27		267,000		259,826
				3,872,453

				56,631,340
Total Corporate Obligations
(Cost $139,239,769)				141,263,811

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

101

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

SOVEREIGN DEBT — 22.7%
	Face Amount		Value
AUSTRIA — 0.1%
Republic of Austria Government Bond
0.250%, 10/20/36	$	526,000	$	423,475

BELGIUM — 1.1%
Kingdom of Belgium Government Bond
2.750%, 04/22/39		2,833,000		3,001,197

CANADA — 2.8%
Canada Housing Trust No. 1
4.150%, 06/15/33		16,000		12,454
1.600%, 12/15/31		3,585,000		2,358,227
				2,370,681
Canadian Government Bond
1.750%, 12/01/53		226,000		119,635

Province of British Columbia Canada
4.800%, 11/15/28		802,000		829,384

Province of Ontario Canada
3.600%, 03/08/28		1,225,000		917,535
3.100%, 05/19/27		938,000		916,610
2.550%, 12/02/52		1,922,000		1,038,694
				2,872,839
Province of Quebec Canada
4.400%, 12/01/55		1,349,000		1,029,544
3.625%, 04/13/28		917,000		906,736
				1,936,280
CHILE — 0.4%
Chile Government International Bond
1.250%, 01/22/51		457,000		287,630
0.100%, 01/26/27		907,000		928,969
				1,216,599
FRANCE — 4.3%
Action Logement Services MTN
0.375%, 10/05/31		1,500,000		1,379,707

French Republic Government Bond OAT
1.250%, 05/25/38		5,000		4,329

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

102

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

SOVEREIGN DEBT — continued
	Face Amount		Value
0.000%, 05/25/32⁽¹⁾	$	11,989,000	$	10,715,770
				10,720,099
GERMANY — 2.2%
Bundesrepublik Deutschland Bundesanleihe
1.000%, 05/15/38		1,413,775		1,298,551
0.000%, 08/15/52⁽¹⁾		7,000		3,892
				1,302,443
Bundesschatzanweisungen
2.900%, 06/18/26		3,230,268		3,598,871

State of North Rhine-Westphalia Germany MTN
3.400%, 03/07/73		72,000		86,358
2.900%, 01/15/53		965,000		1,025,945
				1,112,303
HONG KONG — 0.0%
Hong Kong Government International Bond MTN
1.375%, 02/02/31		200,000		170,557

HUNGARY — 0.1%
Hungary Government International Bond
5.250%, 06/16/29		200,000		202,054

INDONESIA — 0.1%
Indonesia Government International Bond
4.550%, 01/11/28		200,000		200,660

ISRAEL — 0.2%
Israel Government International Bond MTN
6.500%, 11/06/31		212,000		225,780
5.000%, 10/30/26		340,000		382,368
				608,148
ITALY — 0.3%
Italy Buoni Poliennali Del Tesoro
2.150%, 03/01/72		1,395,000		946,824

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

103

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

SOVEREIGN DEBT — continued
	Face Amount		Value
JAPAN — 4.6%
Japan Bank for International Cooperation
3.875%, 09/16/25	$	240,000	$	238,360

Japan Government Forty Year Bond
1.300%, 03/20/63		374,200,000		1,907,607

Japan Government Ten Year Bond
0.600%, 12/20/33		56,650,000		379,231
0.400%, 06/20/33		11,600,000		76,785
				456,016
Japan Government Thirty Year Bond
1.200%, 06/20/53		491,650,000		2,719,756

Japan Government Twenty Year Bond
0.500%, 03/20/41		1,173,800,000		6,825,506
0.400%, 06/20/41		107,350,000		610,041
				7,435,547
MEXICO — 0.1%
Mexico Government International Bond
5.400%, 02/09/28		207,000		210,219

NETHERLANDS — 0.4%
Netherlands Government Bond
2.000%, 01/15/54		672,000		635,304
0.500%, 07/15/32		496,000		472,283
				1,107,587
PERU — 0.1%
Peruvian Government International Bond
3.230%, 07/28/21		337,000		197,301

ROMANIA — 0.1%
Romanian Government International Bond
3.625%, 03/27/32		206,000		180,849

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

104

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

SOVEREIGN DEBT — continued
	Face Amount		Value
SAUDI ARABIA — 0.1%
Saudi Government International Bond MTN
4.750%, 01/18/28	$	430,000	$	435,634

SOUTH KOREA — 0.2%
Korea Development Bank
4.000%, 09/08/25		639,000		635,339

SPAIN — 1.6%
Spain Government Bond
1.900%, 10/31/52		245,000		186,170
1.450%, 10/31/71		1,000		557
0.800%, 07/30/29		4,399,000		4,450,651
				4,637,378
SUPRANATIONAL — 1.8%
European Financial Stability Facility
2.750%, 08/17/26		1,255,000		1,391,092

European Union MTN
2.750%, 10/05/26		2,767,000		3,068,839
0.700%, 07/06/51		1,056,000		647,494
				3,716,333
UNITED KINGDOM — 2.1%
United Kingdom Gilt
1.125%, 01/31/39		7,656,105		5,836,446
				5,836,446
Total Sovereign Debt
(Cost $63,423,346)				64,117,220
U.S. TREASURY OBLIGATIONS — 12.8%

U.S. Treasury Bonds
1.875%, 11/15/51		1,357,800		833,138
1.750%, 08/15/41		22,580,000		15,695,746
				16,528,884

U.S. Treasury Notes
4.375%, 07/31/26		2,005,800		2,020,843
3.375%, 05/15/33		3,508,000		3,375,628
2.625%, 07/31/29		9,897,900		9,400,685

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

105

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

U.S. TREASURY OBLIGATIONS — continued
	Face Amount		Value
1.375%, 11/15/31	$	5,742,700	$	4,862,003
				19,659,159

Total U.S. Treasury Obligations
(Cost $35,400,560)				36,188,043
MORTGAGE-BACKED SECURITIES — 12.0%

Agency Mortgage Backed Obligations — 12.0%
FHLMC
6.000%, 08/01/53		361,981		374,011
2.500%, 01/01/52		1,181,147		1,018,086
FHLMC Multifamily Structured Pass Through Certificates, Ser K102, Cl A1
2.184%, 05/25/29		435,729		414,481
FHLMC Multifamily Structured Pass Through Certificates, Ser K122, Cl A1
0.863%, 05/25/30		620,582		559,416
FHLMC Multifamily Structured Pass Through Certificates, Ser K126, Cl A1
1.319%, 10/25/30		301,462		278,037
FHLMC Multifamily Structured Pass Through Certificates, Ser K747, Cl AM
1.752%, 12/25/28(A)		1,500,000		1,358,000
FNMA
7.000%, 12/01/53		382,792		397,347
6.500%, 01/01/53		868,994		895,177
6.000%, 08/01/53		1,008,901		1,027,450
5.500%, 12/01/52		1,692,082		1,714,759
5.000%, 10/01/52		1,654,569		1,643,381
3.500%, 12/01/52		1,873,199		1,724,572
3.000%, 06/01/52		5,424,364		4,815,027
2.500%, 01/01/52		3,864,006		3,375,754
2.000%, 03/01/52		9,807,486		8,161,675
1.500%, 12/01/36		1,110,448		929,215
GNMA
5.500%, 09/20/53		1,334,900		1,343,769
5.000%, 07/20/53		1,336,397		1,334,903
3.500%, 05/20/52		1,104,652		1,028,450
2.000%, 04/20/52		1,536,689		1,294,680

Total Mortgage-Backed Securities
(Cost $33,241,837)				33,688,190

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

106

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

SHORT-TERM INVESTMENT — 1.1%
	Shares		Value
DWS Government Money Market Series, Institutional Shares, 5.380% (B)
(Cost $3,129,861)		3,129,861	$	3,129,861
Total Investments — 98.7%
(Cost $274,435,373)			$	278,387,125

A list of the open centrally cleared swap contracts held by the Fund at August 31, 2024, is as follows:

Interest Rate Swap

Fund Pays

Fund Receives

Payment Frequency

Termination Date

Currency

Notional Amount

Value

Upfront Payments/ Receipts

Net Unrealized
Appreciation
(Depreciation)

FIXED 1.797%

1W CNY-CURVE

Quarterly

09/18/2029

CNY

173,500,000

7,556

–

7,556

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

107

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

A list of the open forward foreign currency contracts held by the Fund at August 31, 2024, is as follows:

Counterparty	Settlement Date		Currency to Deliver			Currency to Receive			Unrealized Appreciation (Depreciation)
BNP Paribas		09/04/24		EUR	441,628		USD	478,897	$	(9,368	)
BNP Paribas		09/04/24		USD	601,560		JPY	92,537,941	$	31,807
BNP Paribas		09/04/24		USD	1,743,377		EUR	1,599,383	$	24,904
BNP Paribas		09/04/24		CAD	7,572,861		USD	5,487,881	$	(132,145	)
BNP Paribas		10/03/24		GBP	5,502,303		USD	7,255,604	$	27,307
BNP Paribas		10/03/24		CAD	7,572,861		USD	5,624,562	$	(653	)
BNP Paribas		10/03/24		JPY	1,918,368,481		USD	13,276,919	$	91,048
Goldman Sachs		09/04/24		USD	458,155		JPY	67,317,970	$	2,596
HSBC		09/04/24		USD	3,592,399		JPY	536,187,375	$	77,481
HSBC		09/04/24		GBP	5,502,303		USD	7,070,896	$	(155,551	)
HSBC		09/04/24		JPY	2,545,763,746		USD	17,034,720	$	(389,501	)
Midland Walwyn Capital, Inc.		10/03/24		EUR	79,367,175		USD	88,079,389	$	213,454
Midland Walwyn Capital, Inc.		09/04/24		EUR	635,287		USD	688,754	$	(13,621	)
Morgan Stanley		09/04/24		JPY	68,648,021		USD	475,618	$	5,764
Morgan Stanley		09/04/24		EUR	80,314,674		USD	87,114,226	$	(1,681,852	)
Standard Bank		09/04/24		USD	464,684		EUR	425,030	$	5,230
									$	(1,903,100	)

Percentages are based on Net Assets of $282,008,899.

(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 August 31, 2024.

Cl — Class

DAC — Designated Activity Company

EUAMDB01 - EURIBOR ICE Swap Rate 1 Year

EUR003M — Euribor 3 Month

EUSA1 — EUR Swap Annual 1 Yr

EUSA5 — EUR Swap Annual 5 Yr

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

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

108

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND
AUGUST 31, 2024

GNMA — Government National Mortgage Association

H15T1Y — US Treasury Yield Curve Constant Maturity Rate 1 Year

H15T5Y — US Treasury Yield Curve Constant Maturity Rate 5 Year

MTN — Medium Term Note

PJSC — Public Joint-Stock Company

Pty — Proprietary

Ser — Series

SOFRRATE — Secured Overnight Financing Rate

The following is a summary of the level of inputs used as of August 31, 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	$	–	$	141,263,811		$	–	$	141,263,811
Sovereign Debt		–		64,117,220			–		64,117,220
U.S. Treasury Obligations		–		36,188,043			–		36,188,043
Mortgage-Backed Securities		–		33,688,190			–		33,688,190
Short-Term Investment		3,129,861		–			–		3,129,861
Total Investments in Securities	$	3,129,861	$	275,257,264		$	–	$	278,387,125

Other Financial Instruments	Level 1		Level 2			Level 3		Total
Interest Rate Swap^
Unrealized Appreciation	$	–	$	7,556		$	–	$	7,556
Forward Contracts^
Unrealized Appreciation		–		479,592			–		479,592
Unrealized Depreciation		–		(2,382,692	)		–		(2,382,692	)
Total Other Financial Instruments	$	–	$	(1,895,544	)	$	–	$	(1,895,544	)

^Swaps and Forward 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.

109

SYMMETRY PANORAMIC ALTERNATIVES FUND
AUGUST 31, 2024

SCHEDULE OF INVESTMENTS
REGISTERED INVESTMENT COMPANIES — 94.7%
	Shares		Value
EQUITY FUNDS — 94.7%
AQR Alternative Risk Premia Fund, Cl R6		27,561	$	319,438
AQR Diversified Arbitrage Fund, Cl R6 (A)		261,477		3,221,394
AQR Managed Futures Strategy Fund, Cl R6		185,483		1,563,622
AQR Style Premia Alternative Fund, Cl R6		159,446		1,304,269
Total Registered Investment Companies
(Cost $5,783,305)				6,408,723
SHORT-TERM INVESTMENT — 4.1%

DWS Government Money Market Series, Institutional Shares, 5.380% (B)
(Cost $275,137)		275,137		275,137
Total Investments — 98.8%
(Cost $6,058,442)			$	6,683,860

Percentages are based on Net Assets of $6,764,142.

(A)	Represents greater than 25% of the Fund’s total investments. For further financial information, please go to the Fund’s website at https://funds.aqr.com/funds/aqr-diversified-arbitrage-fund.
(B)	The rate reported is the 7-day effective yield as of August 31, 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.

110

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Statements of Assets and Liabilities

	US Equity Fund		International Equity Fund		Global Equity Fund		Tax-Managed Global Equity Fund
Assets:
Investments, at Value ^†	$	461,326,591	$	230,241,643	$	425,739,806	$	148,381,858
Foreign Currency, at Value ^†^†		36		637,603		631,834		–
Dividends and Interest Receivable		341,796		145,197		275,352		5,874
Receivable for Capital Shares Sold		191,503		116,247		175,843		76,191
Cash Collateral on Futures Contracts		34,709		284,643		228,313		–
Unrealized Appreciation on Futures Contracts		31,004		46,184		41,453		–
Reclaim Receivable		407		141,399		117,568		–
Receivable for Investment Securities Sold		–		–		–		740,193
Unrealized Appreciation on Spot Currency Contracts		–		600		552		–
Prepaid Expenses		3,685		2,786		3,855		2,659
Total Assets		461,929,731		231,616,302		427,214,576		149,206,775
Liabilities:
Payable for Capital Shares Redeemed		315,048		144,030		281,976		134,452
Payable Due to Adviser		111,179		52,305		89,341		16,480
Shareholder Servicing Fees Payable		109,000		54,425		100,738		33,981
Audit Fees Payable		17,344		17,344		17,344		17,344
ReFlow Fees Payable (Note 2)		11,922		–		–		–
Payable Due to Administrator		10,946		5,485		10,108		3,505
Transfer Agent Fees Payable		4,842		3,741		4,768		4,143
Chief Compliance Officer Fees Payable		4,789		2,380		4,399		1,516
Trustees Fees Payable		3,526		3,526		3,526		3,526
Custodian Fees Payable		–		21,087		–		1,812
Accrued Foreign Capital Gain Tax		–		14,269		6,659		–
Printing Fees Payable		–		2,193		–		8,323
Other Accrued Expenses		39,850		19,760		63,854		5,320
Total Liabilities		628,446		340,545		582,713		230,402
Commitments and Contingencies ^‡
Net Assets	$	461,301,285	$	231,275,757	$	426,631,863	$	148,976,373
^† Cost of Investments	$	270,417,484	$	160,982,756	$	266,607,491	$	100,650,179
^†^† Cost of Foreign Currency		–		642,675		632,421		–
Net Assets Consist of:
Paid-in Capital	$	213,931,822	$	164,856,650	$	221,240,900	$	98,303,273
Total Distributable Earnings		247,369,463		66,419,107		205,390,963		50,673,100
Net Assets	$	461,301,285	$	231,275,757	$	426,631,863	$	148,976,373

Outstanding Shares of Beneficial Interest (unlimited authorization - no par value)		28,289,725		18,177,080		28,876,133		9,272,714
Class I Shares Net Asset Value, Offering and Redemption Price Per Share	$	16.31	$	12.72	$	14.77	$	16.07

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

111

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Statements of Assets and Liabilities- continued

^‡ See Note 6 in the Notes to Financial Statements.

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

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

112

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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 ^†	$	176,088,650	$	35,956,719	$	278,387,125	$	6,683,860
Foreign Currency, at Value ^†^†		–		–		1,620		–
Receivable for Investment Securities Sold		2,494,001		–		3,078,124		99,000
Dividends and Interest Receivable		1,266,811		51,192		2,527,075		1,508
Receivable for Capital Shares Sold		14,886		6,193		90,061		–
Cash		4,438		–		–		–
Reclaim Receivable		982		–		16,640		–
Unrealized Appreciation on Spot Currency Contracts		–		–		679		–
Cash Collateral on Swap Contracts		–		–		509,000		–
Unrealized Appreciation on Forward Foreign Currency Contracts		–		–		479,592		–
Reimbursement from Adviser		–		3,178		–		7,293
Receivable for Variation Margin on Swaps		–		–		1,773		–
Prepaid Expenses		3,562		2,192		3,795		1,959
Total Assets		179,873,330		36,019,474		285,095,484		6,793,620
Liabilities:
Payable for Investment Securities Purchased		2,485,768		–		–		–
Payable for Capital Shares Redeemed		131,622		11,799		159,941		–
Shareholder Servicing Fees Payable		41,701		8,270		66,651		1,519
Payable Due to Adviser		21,765		–		48,716		–
Audit Fees Payable		17,344		17,344		17,344		17,344
Payable Due to Administrator		4,314		875		6,888		164
Transfer Agent Fees Payable		4,251		3,289		4,465		3,222
Trustees Fees Payable		3,526		3,526		3,526		3,526
Chief Compliance Officer Fees Payable		1,981		399		3,169		74
Income Distributions Payable		81		85		94		–
Unrealized Depreciation on Forward Foreign Currency Contracts		–		–		2,382,692		–
Unrealized Depreciation on Spot Currency Contracts		–		–		332,369		–
Payable for Variation Margin on Swaps		–		–		7,068		–
Other Accrued Expenses		32,034		6,365		53,662		3,629
Total Liabilities		2,744,387		51,952		3,086,585		29,478
Commitments and Contingencies ^‡
Net Assets	$	177,128,943	$	35,967,522	$	282,008,899	$	6,764,142
^† Cost of Investments	$	174,033,875	$	36,228,581	$	274,435,373	$	6,058,442
^†^† Cost of Foreign Currency		–		–		1,069		–
Net Assets Consist of:
Paid-in Capital	$	192,125,217	$	36,820,064	$	318,390,870	$	7,812,622

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

113

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Statements of Assets and Liabilities

	US Systematic Fixed Income Fund			Municipal Fixed Income Fund			Global Systematic Fixed Income Fund			Alternatives Fund
Total Accumulated Loss		(14,996,274	)		(852,542	)		(36,381,971	)		(1,048,480	)
Net Assets	$	177,128,943		$	35,967,522		$	282,008,899		$	6,764,142

Outstanding Shares of Beneficial Interest (unlimited authorization - no par value)		18,298,446			3,587,755			30,386,204			585,452
Class I Shares Net Asset Value, Offering and Redemption Price Per Share	$	9.68		$	10.03		$	9.28		$	11.55

^‡ See Note 6 in the Notes to Financial Statements.

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

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

114

SYMMETRY PANORAMIC TRUST
FOR THE YEAR ENDED AUGUST 31, 2024

Statements of Operations

	US Equity Fund			International Equity Fund			Global Equity Fund			Tax-Managed Global Equity Fund
Investment Income:
Dividend Income	$	7,665,993		$	8,529,814		$	10,410,666		$	3,350,252
Interest Income		–			13,204			–			–
Less: Foreign Taxes Withheld		(1,171	)		(396,586	)		(327,813	)		–
Total Investment Income		7,664,822			8,146,432			10,082,853			3,350,252

Expenses:
Investment Advisory Fees		2,662,547			1,725,771			2,844,259			917,910
Shareholder Servicing Fees		574,781			293,036			536,365			164,356
Administration Fees		135,488			68,994			126,348			39,548
Chief Compliance Officer Fees		21,857			11,111			20,364			6,341
Trustees' Fees (Form N-CSR Item 10)		16,056			16,056			16,056			16,056
Legal Fees		148,368			76,130			138,934			41,660
Custodian Fees		74,088			147,694			185,807			11,709
Printing Fees		69,577			46,114			63,065			17,582
Transfer Agent Fees		29,046			26,104			28,601			24,517
Registration Fees		27,119			24,728			26,989			21,913
Audit Fees		18,951			18,951			18,951			18,951
Reflow Fees (Note 2)		14,060			–			–			–
Insurance and Other Expenses		32,936			47,120			62,822			24,197

Total Expenses		3,824,874			2,501,809			4,068,561			1,304,740
Less:
Waiver of Investment Advisory Fees		(955,419	)		(796,038	)		(1,188,352	)		(550,744	)
Reimbursement by Investment Adviser		(209,480	)		(104,899	)		(354,496	)		(161,094	)
Net Expenses		2,659,975			1,600,872			2,525,713			592,902

Net Investment Income		5,004,847			6,545,560			7,557,140			2,757,350

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

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

115

SYMMETRY PANORAMIC TRUST
FOR THE YEAR ENDED AUGUST 31, 2024

Statements of Operations- continued

	US Equity Fund			International Equity Fund			Global Equity Fund			Tax-Managed Global Equity Fund
Net Realized Gain (Loss) on:
Investments	$	65,900,769		$	11,117,393		$	43,018,670		$	410,547
Futures Contracts		209,258			960,266			887,081			–
Foreign Currency Transactions		–			(77,295	)		(81,483	)		–
Distributions from Registered Investment Companies		2,366,210			51,301			1,462,196			2,514,161
Redemptions In-Kind		7,851,009			–			–			–
Forward Foreign Currency Contracts		–			6,856			8,902			–
Net Realized Gain (Loss)		76,327,246			12,058,521			45,295,366			2,924,708
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		29,926,914			20,077,456			37,662,579			21,464,556
Accrued foreign capital gains tax on appreciated securities		–			(14,269	)		(6,659	)		–
Futures Contracts		(21,101	)		51,756			39,840			–
Foreign Currency Transactions and Translation of other Assets and Liabilities Denominated in Foreign Currencies		–			(10,934	)		(7,550	)		–
Net Change in Unrealized Appreciation (Depreciation)		29,905,813			20,104,009			37,688,210			21,464,556
Net Realized and Unrealized Gain		106,233,059			32,162,530			82,983,576			24,389,264
Net Increase in Net Assets Resulting from Operations	$	111,237,906		$	38,708,090		$	90,540,716		$	27,146,614

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

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

116

SYMMETRY PANORAMIC TRUST
FOR THE YEAR ENDED AUGUST 31, 2024

Statements of Operations

	US Systematic Fixed Income Fund			Municipal Fixed Income Fund			Global Systematic Fixed Income Fund			Alternatives Fund
Investment Income:
Dividend Income	$	2,584,206		$	946,578		$	7,814,457		$	755,942
Interest Income		6,473,302			–			8,633,047			1
Less: Foreign Taxes Withheld		(1,327	)		–			(58,595	)		–
Total Investment Income		9,056,181			946,578			16,388,909			755,943

Expenses:
Investment Advisory Fees		888,282			179,273			1,625,411			112,498
Shareholder Servicing Fees		239,177			44,376			371,774			12,146
Administration Fees		55,226			10,676			87,452			2,437
Trustees' Fees (Form N-CSR Item 10)		16,056			16,056			16,056			16,056
Chief Compliance Officer Fees		9,095			1,751			14,430			414
Legal Fees		62,431			11,837			98,697			3,103
Printing Fees		39,411			7,796			50,616			3,421
Custodian Fees		30,754			3,208			64,878			–
Transfer Agent Fees		25,484			23,262			26,767			22,689
Registration Fees		25,082			20,444			26,088			22,463
Audit Fees		18,951			18,951			18,951			18,951
Insurance and Other Expenses		51,557			19,443			68,735			18,736

Total Expenses		1,461,506			357,073			2,469,855			232,914
Advisory Waiver Recapture		–			–			2,258			–
Less:
Waiver of Investment Advisory Fees		(305,579	)		(83,915	)		(662,019	)		(86,336	)
Reimbursement by Investment Adviser		(208,363	)		(116,739	)		(186,764	)		(102,573	)
Net Expenses		947,564			156,419			1,623,330			44,005

Net Investment Income		8,108,617			790,159			14,765,579			711,938

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

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

117

SYMMETRY PANORAMIC TRUST
FOR THE YEAR ENDED AUGUST 31, 2024

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	$	(13,924,094	)	$	(261,964	)	$	(38,993,383	)	$	156,613
Futures Contracts		–			–			(85,497	)		–
Forward Foreign Currency Contracts		–			–			2,823,267			–
Foreign Currency Transactions		–			–			1,219,728			–
Distributions from Registered Investment Companies		–			–			–			1,109
Swap Contracts		361			–			(4,677	)		–
Net Realized Gain (Loss)		(13,923,733	)		(261,964	)		(35,040,562	)		157,722
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		17,986,655			899,257			42,584,580			(185,905	)
Swap Contracts		–			–			7,556			–
Forward Foreign Currency Contracts		–			–			(1,903,100	)		–
Foreign Currency Transactions and Translation of other Assets and Liabilities Denominated in Foreign Currencies		–			–			(311,902	)		–
Net Change in Unrealized Appreciation (Depreciation)		17,986,655			899,257			40,377,134			(185,905	)
Net Realized and Unrealized Gain (Loss)		4,062,922			637,293			5,336,572			(28,183	)
Net Increase in Net Assets Resulting from Operations	$	12,171,539		$	1,427,452		$	20,102,151		$	683,755

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

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

118

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	US Equity Fund
	Year Ended August 31, 2024			Year Ended August 31, 2023
Operations:
Net Investment Income	$	5,004,847		$	7,338,449
Net Realized Gain		76,327,246			12,598,021
Net Change in Unrealized Appreciation		29,905,813			32,609,678
Net Increase in Net Assets Resulting from Operations		111,237,906			52,546,148

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

Capital Share Transactions:
Class I Shares:
Issued		49,573,707			67,822,988
Reinvestment of Distributions		20,162,680			19,231,434
Redeemed		(229,127,425	)*		(114,774,872	)
Net Class I Share Transactions		(159,391,038	)		(27,720,450	)
Net Decrease in Net Assets from Share Transactions		(159,391,038	)		(27,720,450	)
Total Increase (Decrease) in Net Assets		(68,315,812	)		5,594,263

Net Assets:
Beginning of Year		529,617,097			524,022,834
End of Year	$	461,301,285		$	529,617,097

Share Transactions:
Class I Shares:
Issued		3,332,203			5,363,487
Reinvestment of Distributions		1,448,181			1,572,441
Redeemed		(15,862,360	)*		(9,003,591	)
Net Decrease in Shares Outstanding from Share Transactions		(11,081,976	)		(2,067,663	)

*Includes redemption in-kind transactions. See additional information contained in Note 2.

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

119

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	International Equity Fund
	Year Ended August 31, 2024			Year Ended August 31, 2023
Operations:
Net Investment Income	$	6,545,560		$	7,330,267
Net Realized Gain (Loss)		12,058,521			(3,562,852	)
Net Change in Unrealized Appreciation		20,104,009			23,346,921
Net Increase in Net Assets Resulting from Operations		38,708,090			27,114,336

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

Capital Share Transactions:
Class I Shares:
Issued		17,922,972			36,698,445
Reinvestment of Distributions		9,010,866			6,397,782
Redeemed		(97,522,133	)		(56,430,612	)
Net Class I Share Transactions		(70,588,295	)		(13,334,385	)
Net Decrease in Net Assets from Share Transactions		(70,588,295	)		(13,334,385	)
Total Increase (Decrease) in Net Assets		(40,891,071	)		7,382,168

Net Assets:
Beginning of Year		272,166,828			264,784,660
End of Year	$	231,275,757		$	272,166,828

Share Transactions:
Class I Shares:
Issued		1,535,812			3,404,507
Reinvestment of Distributions		784,236			613,991
Redeemed		(8,375,545	)		(5,214,799	)
Net Decrease in Shares Outstanding from Share Transactions		(6,055,497	)		(1,196,301	)

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

120

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	Global Equity Fund
	Year Ended August 31, 2024			Year Ended August 31, 2023
Operations:
Net Investment Income	$	7,557,140		$	9,870,367
Net Realized Gain		45,295,366			4,992,316
Net Change in Unrealized Appreciation		37,688,210			32,941,373
Net Increase in Net Assets Resulting from Operations		90,540,716			47,804,056

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

Capital Share Transactions:
Class I Shares:
Issued		28,830,557			62,326,832
Reinvestment of Distributions		17,396,178			17,429,029
Redeemed		(191,254,365	)		(110,018,877	)
Net Class I Share Transactions		(145,027,630	)		(30,263,016	)
Net Decrease in Net Assets from Share Transactions		(145,027,630	)		(30,263,016	)
Total Increase (Decrease) in Net Assets		(71,883,092	)		112,011

Net Assets:
Beginning of Year		498,514,955			498,402,944
End of Year	$	426,631,863		$	498,514,955

Share Transactions:
Class I Shares:
Issued		2,179,792			5,225,995
Reinvestment of Distributions		1,346,753			1,510,249
Redeemed		(14,512,413	)		(9,190,783	)
Net Decrease in Shares Outstanding from Share Transactions		(10,985,868	)		(2,454,539	)

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

121

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	Tax-Managed Global Equity Fund
	Year Ended August 31, 2024			Year Ended August 31, 2023
Operations:
Net Investment Income	$	2,757,350		$	2,374,385
Net Realized Gain		2,924,708			173,480
Net Change in Unrealized Appreciation		21,464,556			12,486,108
Net Increase in Net Assets Resulting from Operations		27,146,614			15,033,973

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

Capital Share Transactions:
Class I Shares:
Issued		18,093,924			34,733,767
Reinvestment of Distributions		3,049,679			2,151,137
Redeemed		(35,234,885	)		(32,379,075	)
Net Class I Share Transactions		(14,091,282	)		4,505,829
Net Increase (Decrease) in Net Assets from Share Transactions		(14,091,282	)		4,505,829
Total Increase in Net Assets		10,005,653			17,388,664

Net Assets:
Beginning of Year		138,970,720			121,582,056
End of Year	$	148,976,373		$	138,970,720

Share Transactions:
Class I Shares:
Issued		1,270,310			2,754,399
Reinvestment of Distributions		215,206			175,746
Redeemed		(2,461,034	)		(2,542,328	)
Net Increase (Decrease) in Shares Outstanding from Share Transactions		(975,518	)		387,817

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

122

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	US Systematic Fixed Income Fund
	Year Ended August 31, 2024			Year Ended August 31, 2023
Operations:
Net Investment Income	$	8,108,617		$	5,089,990
Net Realized Loss		(13,923,733	)		(2,413,835	)
Net Change in Unrealized Appreciation (Depreciation)		17,986,655			(3,290,801	)
Net Increase (Decrease) in Net Assets Resulting from Operations		12,171,539			(614,646	)

Distributions		(7,839,863	)		(5,090,220	)

Capital Share Transactions:
Class I Shares:
Issued		21,416,165			46,864,599
Reinvestment of Distributions		7,839,441			5,089,799
Redeemed		(80,586,191	)		(74,836,772	)
Net Class I Share Transactions		(51,330,585	)		(22,882,374	)
Net Decrease in Net Assets from Share Transactions		(51,330,585	)		(22,882,374	)
Total Decrease in Net Assets		(46,998,909	)		(28,587,240	)

Net Assets:
Beginning of Year		224,127,852			252,715,092
End of Year	$	177,128,943		$	224,127,852

Share Transactions:
Class I Shares:
Issued		2,266,878			4,923,441
Reinvestment of Distributions		829,907			536,361
Redeemed		(8,535,697	)		(7,866,514	)
Net Decrease in Shares Outstanding from Share Transactions		(5,438,912	)		(2,406,712	)

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

123

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	Municipal Fixed Income Fund
	Year Ended August 31, 2024			Year Ended August 31, 2023
Operations:
Net Investment Income	$	790,159		$	552,616
Net Realized Loss		(261,964	)		(269,663	)
Net Change in Unrealized Appreciation		899,257			256,143
Net Increase in Net Assets Resulting from Operations		1,427,452			539,096

Distributions		(790,155	)		(552,474	)

Capital Share Transactions:
Class I Shares:
Issued		8,201,422			14,828,693
Reinvestment of Distributions		789,668			552,474
Redeemed		(13,601,535	)		(15,979,172	)
Net Class I Share Transactions		(4,610,445	)		(598,005	)
Net Decrease in Net Assets from Share Transactions		(4,610,445	)		(598,005	)
Total Decrease in Net Assets		(3,973,148	)		(611,383	)

Net Assets:
Beginning of Year		39,940,670			40,552,053
End of Year	$	35,967,522		$	39,940,670

Share Transactions:
Class I Shares:
Issued		826,637			1,501,208
Reinvestment of Distributions		79,443			55,940
Redeemed		(1,367,856	)		(1,617,613	)
Net Decrease in Shares Outstanding from Share Transactions		(461,776	)		(60,465	)

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

124

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	Global Systematic Fixed Income Fund
	Year Ended August 31, 2024			Year Ended August 31, 2023
Operations:
Net Investment Income	$	14,765,579		$	7,298,622
Net Realized Loss		(35,040,562	)		(2,594,911	)
Net Change in Unrealized Appreciation (Depreciation)		40,377,134			(5,965,917	)
Net Increase (Decrease) in Net Assets Resulting from Operations		20,102,151			(1,262,206	)

Distributions		(14,571,427	)		(7,299,595	)

Capital Share Transactions:
Class I Shares:
Issued		35,147,230			58,510,649
Reinvestment of Distributions		14,570,922			7,299,528
Redeemed		(128,196,873	)		(76,263,900	)
Net Class I Share Transactions		(78,478,721	)		(10,453,723	)
Net Decrease in Net Assets from Share Transactions		(78,478,721	)		(10,453,723	)
Total Decrease in Net Assets		(72,947,997	)		(19,015,524	)

Net Assets:
Beginning of Year		354,956,896			373,972,420
End of Year	$	282,008,899		$	354,956,896

Share Transactions:
Class I Shares:
Issued		3,858,660			6,403,132
Reinvestment of Distributions		1,595,277			802,728
Redeemed		(14,110,687	)		(8,359,572	)
Net Decrease in Shares Outstanding from Share Transactions		(8,656,750	)		(1,153,712	)

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

125

SYMMETRY PANORAMIC TRUST

Statements of Changes in Net Assets

	Alternatives Fund
	Year Ended August 31, 2024			Year Ended August 31, 2023
Operations:
Net Investment Income	$	711,938		$	2,189,807
Net Realized Gain (Loss)		157,722			(1,774,990	)
Net Change in Unrealized Appreciation (Depreciation)		(185,905	)		205,115
Net Increase in Net Assets Resulting from Operations		683,755			619,932

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

Capital Share Transactions:
Class I Shares:
Issued		832,729			21,128,771
Reinvestment of Distributions		667,015			2,255,407
Redeemed		(5,713,490	)		(33,901,575	)
Net Class I Share Transactions		(4,213,746	)		(10,517,397	)
Net Decrease in Net Assets from Share Transactions		(4,213,746	)		(10,517,397	)
Total Decrease in Net Assets		(4,197,006	)		(12,152,872	)

Net Assets:
Beginning of Year		10,961,148			23,114,020
End of Year	$	6,764,142		$	10,961,148

Share Transactions:
Class I Shares:
Issued		72,278			1,830,741
Reinvestment of Distributions		61,590			205,223
Redeemed		(510,310	)		(3,093,180	)
Net Decrease in Shares Outstanding from Share Transactions		(376,442	)		(1,057,216	)

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

126

SYMMETRY PANORAMIC US EQUITY FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Year Ended August 31, 2024			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020
Net Asset Value, Beginning of Year	$	13.45		$	12.65		$	14.91		$	11.07		$	10.58
Income from Operations:
Net Investment Income⁽¹⁾		0.15			0.18			0.14			0.12			0.12
Net Realized and Unrealized Gain (Loss)		3.28			1.09			(1.38	)		3.86			0.59
Total from Operations		3.43			1.27			(1.24	)		3.98			0.71
Dividends and Distributions:
Net Investment Income		(0.19	)		(0.15	)		(0.11	)		(0.14	)		(0.12	)
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	)
Net Asset Value, End of Year	$	16.31		$	13.45		$	12.65		$	14.91		$	11.07
Total Return^†		26.27	%		10.48	%		(9.04	)%		36.19	%		6.73	%
Ratios and Supplemental Data
Net Assets, End of Year (Thousands)	$	461,301		$	529,617		$	524,023		$	636,244		$	556,161
Ratio of Expenses to Average Net Assets⁽²⁾		0.55	%		0.55	%		0.55	%		0.54	%^‡		0.48	%
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		0.79	%		0.77	%		0.77	%		0.77	%		0.76	%
Ratio of Net Investment Income to Average Net Assets^{(2) (3)}		1.03	%		1.41	%		1.02	%		0.96	%		1.15	%
Portfolio Turnover Rate		33	%		35	%		26	%		65	%		83	%

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income 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 by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
^†	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.

127

SYMMETRY PANORAMIC INTERNATIONAL EQUITY FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Year Ended August 31, 2024			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020
Net Asset Value, Beginning of Year	$	11.23		$	10.41		$	13.04		$	10.33		$	10.19
Income from Operations:
Net Investment Income⁽¹⁾		0.31			0.29			0.35			0.16			0.25
Net Realized and Unrealized Gain (Loss)		1.60			0.79			(2.68	)		2.69			0.22
Total from Operations		1.91			1.08			(2.33	)		2.85			0.47
Dividends and Distributions:
Net Investment Income		(0.42	)		(0.26	)		(0.30	)		(0.14	)		(0.33	)
Total Dividends and Distributions		(0.42	)		(0.26	)		(0.30	)		(0.14	)		(0.33	)
Net Asset Value, End of Year	$	12.72		$	11.23		$	10.41		$	13.04		$	10.33
Total Return^†		17.37	%		10.52	%		(18.28	)%		27.78	%		4.38	%
Ratios and Supplemental Data
Net Assets, End of Year (Thousands)	$	231,276		$	272,167		$	264,785		$	325,683		$	291,001
Ratio of Expenses to Average Net Assets⁽²⁾		0.65	%		0.65	%		0.65	%		0.65	%^‡		0.65	%
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		1.02	%		0.98	%		0.97	%		0.96	%		1.00	%
Ratio of Net Investment Income to Average Net Assets^{(2) (3)}		2.66	%		2.70	%		2.96	%		1.31	%		2.51	%
Portfolio Turnover Rate		29	%		40	%		35	%		28	%		88	%

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income 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 by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
^†	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.

128

SYMMETRY PANORAMIC GLOBAL EQUITY FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Year Ended August 31, 2024			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020
Net Asset Value, Beginning of Year	$	12.51		$	11.78		$	14.15		$	10.80		$	10.43
Income from Operations:
Net Investment Income⁽¹⁾		0.22			0.24			0.25			0.14			0.17
Net Realized and Unrealized Gain (Loss)		2.53			0.90			(1.95	)		3.35			0.46
Total from Operations		2.75			1.14			(1.70	)		3.49			0.63
Dividends and Distributions:
Net Investment Income		(0.30	)		(0.20	)		(0.20	)		(0.14	)		(0.21	)
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	)
Net Asset Value, End of Year	$	14.77		$	12.51		$	11.78		$	14.15		$	10.80
Total Return^†		22.57	%		10.09	%		(12.63	)%		32.59	%		5.97	%
Ratios and Supplemental Data
Net Assets, End of Year (Thousands)	$	426,632		$	498,515		$	498,403		$	606,741		$	543,288
Ratio of Expenses to Average Net Assets⁽²⁾		0.56	%		0.56	%		0.56	%		0.56	%^‡		0.52	%
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		0.90	%		0.89	%		0.87	%		0.87	%		0.88	%
Ratio of Net Investment Income to Average Net Assets^{(2) (3)}		1.68	%		1.98	%		1.88	%		1.13	%		1.70	%
Portfolio Turnover Rate		31	%		35	%		32	%		52	%		86	%

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income 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 by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
^†	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.

129

SYMMETRY PANORAMIC TAX-MANAGED GLOBAL EQUITY FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Year Ended August 31, 2024			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020
Net Asset Value, Beginning of Year	$	13.56		$	12.33		$	14.44		$	11.05		$	10.49
Income from Operations:
Net Investment Income⁽¹⁾		0.28			0.23			0.28			0.16			0.13
Net Realized and Unrealized Gain (Loss)		2.54			1.22			(2.16	)		3.38			0.57
Total from Operations		2.82			1.45			(1.88	)		3.54			0.70
Dividends and Distributions:
Net Investment Income		(0.29	)		(0.22	)		(0.23	)		(0.15	)		(0.14	)
Net Realized Gain		(0.02	)		—			—			—			—
Total Dividends and Distributions		(0.31	)		(0.22	)		(0.23	)		(0.15	)		(0.14	)
Net Asset Value, End of Year	$	16.07		$	13.56		$	12.33		$	14.44		$	11.05
Total Return^†		21.08	%		11.91	%		(13.28	)%		32.28	%		6.64	%
Ratios and Supplemental Data
Net Assets, End of Year (Thousands)	$	148,976		$	138,971		$	121,582		$	123,670		$	84,458
Ratio of Expenses to Average Net Assets⁽²⁾⁽³⁾		0.42	%		0.42	%		0.42	%		0.42	%		0.42	%
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾⁽³⁾		0.92	%		0.91	%		0.91	%		0.92	%		0.99	%
Ratio of Net Investment Income to Average Net Assets^{(2)(3) (4)}		1.95	%		1.82	%		2.08	%		1.21	%		1.26	%
Portfolio Turnover Rate		3	%		15	%		7	%		39	%		65	%

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income 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 by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
^†	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.

130

SYMMETRY PANORAMIC US SYSTEMATIC FIXED INCOME FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Year Ended August 31, 2024			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020
Net Asset Value, Beginning of Year	$	9.44		$	9.67		$	10.76		$	10.93		$	10.61
Income from Operations:
Net Investment Income⁽¹⁾		0.39			0.21			0.13			0.14			0.20
Net Realized and Unrealized Gain (Loss)		0.23			(0.23	)		(1.09	)		(0.15	)		0.33
Total from Operations		0.62			(0.02	)		(0.96	)		(0.01	)		0.53
Dividends and Distributions:
Net Investment Income		(0.38	)		(0.21	)		(0.12	)		(0.14	)		(0.20	)
Net Realized Gain		—			—			(0.01	)		(0.02	)		(0.01	)
Total Dividends and Distributions		(0.38	)		(0.21	)		(0.13	)		(0.16	)		(0.21	)
Net Asset Value, End of Year	$	9.68		$	9.44		$	9.67		$	10.76		$	10.93
Total Return^†		6.79	%		(0.22	)%		(8.97	)%		(0.13	)%		5.02	%
Ratios and Supplemental Data
Net Assets, End of Year (Thousands)	$	177,129		$	224,128		$	252,715		$	258,928		$	257,446
Ratio of Expenses to Average Net Assets⁽²⁾		0.48	%		0.41	%		0.41	%		0.41	%		0.41	%
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		0.74	%		0.69	%		0.68	%		0.69	%		0.68	%
Ratio of Net Investment Income to Average Net Assets^{(2) (3)}		4.11	%		2.16	%		1.23	%		1.27	%		1.84	%
Portfolio Turnover Rate		232	%		2	%		56	%		6	%		10	%

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income 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 by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
^†	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.

131

SYMMETRY PANORAMIC MUNICIPAL FIXED INCOME FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Year Ended August 31, 2024			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020
Net Asset Value, Beginning of Year	$	9.86		$	9.87		$	10.27		$	10.30		$	10.23
Income from Operations:
Net Investment Income⁽¹⁾		0.21			0.13			0.04			0.04			0.08
Net Realized and Unrealized Gain (Loss)		0.17			(0.01	)		(0.40	)		(0.03	)		0.07
Total from Operations		0.38			0.12			(0.36	)		0.01			0.15
Dividends and Distributions:
Net Investment Income		(0.21	)		(0.13	)		(0.04	)		(0.04	)		(0.08	)
Total Dividends and Distributions		(0.21	)		(0.13	)		(0.04	)		(0.04	)		(0.08	)
Net Asset Value, End of Year	$	10.03		$	9.86		$	9.87		$	10.27		$	10.30
Total Return^†		3.87	%		1.25	%		(3.54	)%		0.10	%		1.51	%
Ratios and Supplemental Data
Net Assets, End of Year (Thousands)	$	35,968		$	39,941		$	40,552		$	38,365		$	26,837
Ratio of Expenses to Average Net Assets⁽²⁾⁽³⁾		0.41	%		0.41	%		0.41	%		0.41	%		0.41	%
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾⁽³⁾		0.94	%		0.90	%		0.88	%		0.94	%		1.06	%
Ratio of Net Investment Income to Average Net Assets^{(2)(3) (4)}		2.07	%		1.35	%		0.37	%		0.39	%		0.82	%
Portfolio Turnover Rate		7	%		18	%		5	%		8	%		8	%

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income 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 by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
^†	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.

132

SYMMETRY PANORAMIC GLOBAL SYSTEMATIC FIXED INCOME FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Year Ended August 31, 2024			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020
Net Asset Value, Beginning of Year	$	9.09		$	9.30		$	10.76		$	10.88		$	10.82
Income from Operations:
Net Investment Income⁽¹⁾		0.43			0.18			0.20			0.10			0.24
Net Realized and Unrealized Gain (Loss)		0.19			(0.21	)		(1.44	)		(0.09	)		0.09
Total from Operations		0.62			(0.03	)		(1.24	)		0.01			0.33
Dividends and Distributions:
Net Investment Income		(0.43	)		(0.18	)		(0.20	)		(0.10	)		(0.25	)
Net Realized Gain		—			—			(0.02	)		(0.03	)		(0.02	)
Total Dividends and Distributions		(0.43	)		(0.18	)		(0.22	)		(0.13	)		(0.27	)
Net Asset Value, End of Year	$	9.28		$	9.09		$	9.30		$	10.76		$	10.88
Total Return^†		6.97	%		(0.26	)%		(11.66	)%		0.06	%		3.16	%
Ratios and Supplemental Data
Net Assets, End of Year (Thousands)	$	282,009		$	354,957		$	373,972		$	403,035		$	402,557
Ratio of Expenses to Average Net Assets⁽²⁾		0.52	%		0.43	%		0.43	%		0.43	%		0.43	%
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾		0.79	%		0.74	%		0.74	%		0.74	%		0.74	%
Ratio of Net Investment Income to Average Net Assets^{(2) (3)}		4.73	%		2.01	%		2.00	%		0.93	%		2.26	%
Portfolio Turnover Rate		261	%		2	%		9	%		6	%		13	%

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income 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 by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
^†	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.

133

SYMMETRY PANORAMIC ALTERNATIVES FUND

FINANCIAL HIGHLIGHTS

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

Class I Shares	Year Ended August 31, 2024			Year Ended August 31, 2023			Year Ended August 31, 2022			Year Ended August 31, 2021			Year Ended August 31, 2020
Net Asset Value, Beginning of Year	$	11.40		$	11.45		$	10.45		$	9.41		$	10.00
Income from Operations:
Net Investment Income⁽¹⁾		0.94			0.96			0.01			0.20			0.16
Net Realized and Unrealized Gain (Loss)		(0.08	)		(0.33	)		1.20			0.84			(0.57	)
Total from Operations		0.86			0.63			1.21			1.04			(0.41	)
Dividends and Distributions:
Net Investment Income		(0.71	)		(0.68	)		(0.21	)		—			(0.17	)
Return of Capital		—			—			—			—			(0.01	)
Total Dividends and Distributions		(0.71	)		(0.68	)		(0.21	)		—			(0.18	)
Net Asset Value, End of Year	$	11.55		$	11.40		$	11.45		$	10.45		$	9.41
Total Return^†		7.97	%		5.76	%		11.84	%		11.05	%		(4.14	)%
Ratios and Supplemental Data
Net Assets, End of Year (Thousands)	$	6,764		$	10,961		$	23,114		$	1,488		$	929
Ratio of Expenses to Average Net Assets⁽²⁾⁽³⁾		0.51	%⁽⁴⁾		0.50	%		0.50	%		0.50	%		0.50	%
Ratio of Expenses to Average Net Assets (Excluding Waivers)⁽²⁾⁽³⁾		2.67	%		1.93	%		2.72	%		7.71	%		9.46	%
Ratio of Net Investment Income to Average Net Assets^{(2)(3) (5)}		8.17	%		8.49	%		0.13	%		1.94	%		1.67	%
Portfolio Turnover Rate		11	%		100	%		5	%		7	%		37	%

(1)	Calculated using average shares.
(2)	The ratio of expenses to average net assets and net investment income 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 by the Fund is affected by the timing and declaration of dividends by the underlying investment companies in which the Fund invests.
^†	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.

134

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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, American Century ETF Trust, AQR Funds, Dimensional Fund Advisors LP (DFA), iShares Funds, Schwab Strategic Trust 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 Global Systematic Fixed Income Fund. The Funds

135

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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

136

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

does not approximate fair value, then the amortized cost method may not be used. The prices for foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates.

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

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

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

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

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

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

For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which the Fund calculates its net asset value. The closing prices of such securities may

137

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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

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

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

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

138

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

●

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;

●

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 year ended August 31, 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 year ended August 31, 2024, the Funds did not incur any significant interest or penalties.

139

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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

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

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

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

140

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Futures Contracts — Symmetry Panoramic US Equity Fund, Symmetry Panoramic International Equity Fund, Symmetry Panoramic Global Equity Fund, Symmetry Panoramic US Systematic Fixed Income Fund and Symmetry Panoramic Global Systematic Fixed Income Fund all utilized futures contracts during the year ended August 31, 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, 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 August 31, 2024.

For the year ended August 31, 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

1,070,490

5,692,512

5,065,518

1,991,855

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

141

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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 August 31, 2024.

For the year ended August 31, 2024, the average monthly notional amount of forward foreign currency contracts held were as follows:

Symmetry

Panoramic

International Equity Fund

Symmetry

Panoramic

Global Equity Fund

Symmetry

Panoramic

Global

Systemic

Fixed Income

Fund

Average Monthly

Notional Balance Long

179,434

94,294

(35,265,522

)

Average Monthly Notional Balance Short

(12,118

)

(20,146

)

114,547,229

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

142

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

either counterparty, and is referred to as notional. Total return swaps are marked-to-market daily using different sources, including quotations from counterparties, pricing services, brokers or market makers. The unrealized appreciation or depreciation related to the change in the valuation of the notional amount of the swap is combined with the amount due to the Fund at termination or settlement. The primary risks associated with total return swaps are credit risks (if the counterparty fails to meet its obligations) and market risk (if there is no liquid market for the swap or unfavorable changes occur to the underlying reference instrument).

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

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

For the year ended August 31, 2024, the monthly average balances of swap contracts held by the Funds was as follows:

Symmetry

Panoramic Global Systemic Fixed Income Fund

Average Monthly

Notional Balance Long

174,186

Average Monthly Notional Balance Short

(173,556

)

ReFlow Liquidity Program —The Funds may participate in the ReFlow Redemption Service. The ReFlow Redemption Service provides participating funds with a source of cash to meet net shareholder redemptions by standing ready each business day to purchase fund shares up to the value of the net shares redeemed from the fund, subject

143

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

to certain limitations. Following purchases of fund shares, ReFlow then generally redeems those shares when the fund experiences net sales, at the end of a maximum holding period determined by ReFlow (currently at 7 days), or at other times at ReFlow’s discretion. In the event a Fund uses the ReFlow Redemption Service, the Fund will pay a fee to ReFlow each time ReFlow purchases Fund shares, calculated by multiplying the value of shares ReFlow purchases by a rate determined through an automated daily auction. The current minimum fee rate is 0.14% of the value of the Fund shares purchased by ReFlow, although a Fund may submit a bid at a higher fee rate if it determines that doing so is in the best interest of Fund shareholders. ReFlow's purchases of a Fund's shares through the liquidity program are made on an investment-blind basis without regard to a Fund's objective, policies or anticipated performance. In accordance with federal securities laws, ReFlow is prohibited from acquiring more than 3% of the outstanding voting securities of the Fund. ReFlow fees that were incurred by the Funds during the year ended August 31, 2024 are recorded within the Statement of Operations, if applicable.

During the year ended August 31, 2024 the Symmetry Panoramic US Equity Fund satisfied redemption in-kind requests made by Reflow. Consideration paid and shares sold were as follows:

Fund

Date Range

Value of Cash and Securities Sold

Shares Sold

Symmetry Panoramic US Equity Fund

July 2024 –
August 2024

17,828,995

1,126,699

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

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

Master Agreements can also help limit counterparty risk by specifying collateral. United States Treasury Securities and U.S. dollar cash are generally the preferred

144

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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 gains realized when a portfolio security was owned for one year or less. Distributions received from underlying funds can be classified as either ordinary income, return of capital, or long-term capital gains.

The Symmetry Panoramic US Equity Fund, the Symmetry Panoramic International Equity Fund, the Symmetry Panoramic Global Equity Fund, the Symmetry Panoramic Tax-Managed Global Equity Fund, 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

145

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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

Interfund Lending — The Funds have entered into an interfund lending and borrowing facility, pursuant to which: (i) each Fund could lend money directly to and borrow money directly from other Funds within the Trust for temporary defensive purposes, namely to cover unanticipated cash shortfalls, such as unanticipated redemptions or sales fails; and (ii) the Funds will not borrow under the facility for leverage purposes and the loans’ duration will be no more than 7 days. This interfund lending facility is intended to provide a borrowing Fund with a source of liquidity at a rate lower than the bank borrowing rate at times when the cash position of the Fund is insufficient to meet temporary cash requirements. In addition, Funds making short-term cash loans directly to other Funds would earn interest at a rate higher than these Funds otherwise could obtain from investing the Funds’ cash in repurchase agreements or certain other short term money market instruments. Thus, this interfund lending facility is expected to benefit both borrowing and lending Funds. For the year ended August 31, 2024, the following interfund lending facilities occurred:

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

300,000

6.845

1/29/2024

1/30/2024

Symmetry Panoramic Alternatives Fund

Symmetry
Panoramic Global Equity Fund

40,000

6.845

1/30/2024

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

146

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Borrowing Fund

Lending Fund

Amount Borrowed

/Lent

Rate

(%)

Date Borrowed

Date Repaid

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 the amounts borrowed/lent. There were no outstanding loan balances as of August 31, 2024. Interest expense, if applicable at year end, would be disclosed on the Statements of Operations.

3. Derivative Transactions:

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

The fair value of derivative instruments as of August 31, 2024 was as follows:

Asset Derivatives

Liability Derivatives

Statements of Assets and Liabilities

Fair Value

Statements of Assets and Liabilities

Fair Value

Symmetry Panoramic US Equity Fund

Equity contracts

Unrealized appreciation on futures contracts

31,004

Unrealized depreciation on futures contracts

–

Total Derivatives not accounted for as hedging instruments

31,004

–

Symmetry Panoramic International Equity Fund

Equity contracts

Unrealized appreciation on futures contracts

46,184

Unrealized depreciation on futures contracts

–

Total Derivatives not accounted for as hedging instruments

46,184

–

Symmetry Panoramic Global Equity Fund

Equity contracts

Unrealized appreciation on futures contracts

41,453

Unrealized depreciation on futures contracts

–

Total Derivatives not accounted for as hedging instruments

41,453

–

Symmetry Panoramic Global Systematic Fixed Income Fund

Interest rate contracts

Unrealized appreciation on swap contracts

7,556

^†

Unrealized depreciation on swap contracts

–

^†

Foreign exchange contracts

Unrealized appreciation on forward foreign currency contracts

479,592

Unrealized depreciation on forward foreign currency contracts

2,382,692

Total Derivatives not accounted for as hedging instruments

487,148

2,382,692

147

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

* Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments.

^† Includes cumulative appreciation (depreciation) of swap contracts as reported in the Schedules of Investments. Variation margin is reported within the Statements of Assets and Liabilities for swap contracts that have paid premiums.

The effect of derivative instruments on the Statements of Operations for the year ended August 31, 2024.

Amount of realized gain or (loss) on derivatives recognized in income:

Derivatives Not Accounted for as Hedging Instruments	Futures			Forward Currency Contracts		Swaps			Total
US Equity Fund
Equity contracts	$	209,258		$	—	$	—		$	209,258
Total	$	209,258		$	—	$	—		$	209,258

International Equity Fund
Foreign exchange contracts	$	—		$	6,856	$	—		$	6,856
Equity contracts		960,266			—		—			960,266
Total	$	960,266		$	6,856	$	—		$	967,122

Global Equity Fund
Foreign exchange contracts	$	—		$	8,902	$	—		$	8,902
Equity contracts		887,081			—		—			887,081
Total	$	887,081		$	8,902	$	—		$	895,983

US Systematic Fixed Income Fund
Credit contracts	$	—		$	—	$	361		$	361
Total	$	—		$	—	$	361		$	361

Global Systematic Fixed Income Fund
Interest rate contracts	$	(85,497	)	$	—	$	(4,677	)	$	(90,174	)
Foreign exchange contracts		—			2,823,267		—			2,823,267
Total	$	(85,497	)	$	2,823,267	$	(4,677	)	$	2,733,093

148

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024


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

Derivatives Not Accounted for as Hedging Instruments	Futures			Forward Currency Contracts			Swaps		Total
US Equity Fund
Equity contracts	$	(21,101	)	$	—		$	—	$	(21,101	)
Total	$	(21,101	)	$	—		$	–	$	(21,101	)

International Equity Fund
Equity contracts	$	51,756		$	—		$	—	$	51,756
Total	$	51,756		$	—		$	–	$	51,756

Global Equity Fund
Equity contracts	$	39,840		$	—		$	—	$	39,840
Total	$	39,840		$	—		$	–	$	39,840

Global Systematic Fixed Income Fund
Interest rate contracts	$	—		$	—		$	7,556	$	7,556
Foreign exchange contracts		—			(1,903,100	)		—		(1,903,100	)
Total	$	—		$	(1,903,100	)	$	7,556	$	(1,895,544	)

4. Transactions with Affiliates:

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

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

5. 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 year ended August 31, 2024, the Funds were charged as follows for these services:

149

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Fund	Administration Fee
Symmetry Panoramic US Equity Fund	$	135,488
Symmetry Panoramic International Equity Fund		68,994
Symmetry Panoramic Global Equity Fund		126,348
Symmetry Panoramic Tax-Managed Global Equity Fund		39,548
Symmetry Panoramic US Systematic Fixed Income Fund		55,226
Symmetry Panoramic Municipal Fixed Income Fund		10,676
Symmetry Panoramic Global Systematic Fixed Income Fund		87,452
Symmetry Panoramic Alternatives Fund		2,437

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.

6. 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

150

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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%

151

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

* Prior to January 1, 2024, the Fund’s contractual expense limit was 0.41% of the average daily net assets of the Fund.

**Prior to January 1, 2024, the Fund’s contractual expense limit was 0.43% of the average daily net assets of the Fund.

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.

For the year ended August 31, 2024, the Adviser recaptured previously waived fees of $2,258 for the Symmetry Panoramic Global Systematic Fixed Income Fund.

As of August 31, 2024, the following amounts of waivers/reimbursements are subject to recoupment:

	Amount expiring in 2025		Amount expiring in 2026		Amount expiring in 2027
Symmetry Panoramic US Equity Fund	$	90,197	$	122,104	$	209,480
Symmetry Panoramic International Equity Fund		12,718		32,119		104,899

152

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

	Amount expiring in 2025		Amount expiring in 2026		Amount expiring in 2027
Symmetry Panoramic Global Equity Fund	$	229,596	$	227,722	$	354,496
Symmetry Panoramic Tax-Managed Global Equity Fund		130,780		136,173		161,094
Symmetry Panoramic US Systematic Fixed Income Fund		191,500		197,914		208,363
Symmetry Panoramic Municipal Fixed Income Fund		103,204		111,215		116,739
Symmetry Panoramic Global Systematic Fixed Income Fund		151,535		159,780		186,764
Symmetry Panoramic Alternatives Fund		90,656		112,249		102,573

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.

7. Investment Transactions:

The cost of security purchases and the proceeds from security sales other than short-term securities, for the year ended August 31, 2024, 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

Purchases

U.S. Government

–

Other

157,554,242

69,193,409

136,551,093

16,160,306

Sales

U.S. Government

–

Other

313,845,314

^(a)

142,475,566

290,101,935

4,173,723

153

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

	Symmetry Panoramic US Systematic Fixed Income Fund		Symmetry Panoramic Municipal Fixed Income Fund		Symmetry Panoramic Global Systematic Fixed Income Fund		Symmetry Panoramic Alternatives Fund
Purchases
U.S. Government	$	330,260,705	$	–	$	336,238,125	$	–
Other		110,322,128		2,489,576		435,993,657		910,397
Sales
U.S. Government		239,534,150		–		266,024,554		–
Other		261,452,272		7,076,595		599,940,259		4,963,780

(a) Sales exclude redemptions in-kind of $17,828,995 for the Symmetry Panoramic US Equity Fund. See Note 2.

8. 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 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 redemption in kind equilization. The following permanent differences were credited or charged to Paid-in Capital or Distributable Earnings as of August 31, 2024:

	Distributable Earnings			Paid in Capital
Symmetry Panoramic US Equity Fund	$	(21,453,229	)	$	21,453,229
Symmetry Panoramic Tax-Managed Global Equity Fund		(430,378	)		430,378
Symmetry Panoramic Alternatives Fund		147			(147	)

The tax character of dividends and distributions declared during the fiscal years ended August 31, 2024 and 2023 were as follows:

	Ordinary Income		Long-Term Capital Gain		Tax Exempt Income		Total
Symmetry Panoramic US Equity Fund
2024	$	6,733,320	$	13,429,360	$	—	$	20,162,680
2023		6,205,201		13,026,234		—		19,231,435
Symmetry Panoramic International Equity Fund
2024		9,010,866		—		—		9,010,866
2023		6,397,783		—		—		6,397,783

154

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

	Ordinary Income		Long-Term Capital Gain		Tax Exempt Income		Total
Symmetry Panoramic Global Equity Fund
2024	$	10,623,661	$	6,772,517	$	—	$	17,396,178
2023		8,575,235		8,853,794		—		17,429,029
Symmetry Panoramic Tax-Managed Global Equity Fund
2024		2,862,002		187,677		—		3,049,679
2023		2,151,138		—		—		2,151,138
Symmetry Panoramic US Systematic Fixed Income Fund
2024		7,839,863		—		—		7,839,863
2023		5,090,220		—		—		5,090,220
Symmetry Panoramic Municipal Fixed Income Fund
2024		23,389		—		766,766		790,155
2023		12,820		—		539,654		552,474
Symmetry Panoramic Global Systematic Fixed Income Fund
2024		14,571,427		—		—		14,571,427
2023		7,299,595		—		—		7,299,595
Symmetry Panoramic Alternatives Fund
2024		667,015		—		—		667,015
2023		2,255,407		—		—		2,255,407

As of August 31, 2024, the components of Distributable Earnings (Accumulated Losses) 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	$	7,224,535	$	4,018,785		$	8,044,065		$	919,387
Undistributed Long-Term Capital Gain		49,846,899		–			40,817,373			2,595,129
Undistributed Tax-Exempt Income		–		–			–			–
Post-October Losses		–		–			–			–
Late-Year Loss Deferral		–		–			–			–
Capital Loss Carryforwards		–		(4,277,484	)		–			–
Unrealized Appreciation		190,298,029		66,677,807			156,529,534			47,158,583
Other Temporary Differences		–		(1	)		(9	)		1
Total Distributable Earnings	$	247,369,463	$	66,419,107		$	205,390,963		$	50,673,100

155

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

	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	$	35,785		$	4		$	133,482		$	–
Undistributed Tax-Exempt Income		–			460			–			–
Post-October Losses		(13,356,704	)		(184,675	)		(34,531,641	)		–
Late-Year Loss Deferral		–			–			–			(15,433	)
Capital Loss Carryforwards		(3,730,130	)		(206,753	)		(5,622,594	)		(1,620,738	)
Unrealized Appreciation/(Depreciation)		2,054,775			(461,582	)		3,638,783			587,693
Other Temporary Differences		–			4			(1	)		(2	)
Total (Accumulated Losses)	$	(14,996,274	)	$	(852,542	)	$	(36,381,971	)	$	(1,048,480	)

Post-October losses represent losses realized on investment transactions from November 1, 2023 through August 31, 2024, 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, 2024 through August 31, 2024 and specified losses realized on investment transactions from November 1, 2023 through August 31, 2024.

The Symmetry Panoramic US Systematic Fixed Income Fund, Symmetry Panoramic Municipal Fixed Income Fund and Symmetry Panoramic Global Systematic Fixed Income Fund had Post-October losses of $13,356,704, $184,675 and $34,531,641, respectively. The funds elect to treat each as having arisen in the following fiscal year.

During the year ended September 30, 2024, the Symmetry Panoramic International Equity Fund utilized capital loss carryforwards of $11,857,113 to offset capital gains.

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

	Short-Term Loss		Long-Term Loss		Total
Symmetry Panoramic International Equity Fund	$	4,277,484	$	—	$	4,277,484
Symmetry Panoramic US Systematic Fixed Income Fund		850,878		2,879,252		3,730,130
Symmetry Panoramic Municipal Fixed Income Fund		69,704		137,049		206,753
Symmetry Panoramic Global Systematic Fixed Income Fund		1,231,155		4,391,439		5,622,594
Symmetry Panoramic Alternatives Fund		1,620,738		—		1,620,738

For federal income tax purposes, the cost of securities owned at August 31, 2024, 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

156

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Investment Company adjustments, which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. For Symmetry Panoramic International Equity Fund and Symmetry Panoramic Global Equity Fund, the difference in unrealized appreciation/(depreciation) is attributable to Foreign Capital Gains Tax Payable.

The Federal tax cost and aggregate gross unrealized appreciation and depreciation for the investments held by the Funds at August 31, 2024, were as follows:

	Federal Tax Cost		Aggregate Gross Unrealized Appreciation		Aggregate Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Symmetry Panoramic US Equity Fund	$	271,028,599	$	192,200,095	$	(1,902,066	)	$	190,298,029
Symmetry Panoramic International Equity Fund		163,593,809		69,795,866		(3,103,790	)		66,692,076
Symmetry Panoramic Global Equity Fund		269,242,984		161,005,825		(4,469,633	)		156,536,192
Symmetry Panoramic Tax-Managed Global Equity Fund		101,223,275		47,158,583		—			47,158,583
Symmetry Panoramic US Systematic Fixed Income Fund		174,033,875		2,427,280		(372,505	)		2,054,775
Symmetry Panoramic Municipal Fixed Income Fund		36,418,301		71,657		(533,239	)		(461,582	)
Symmetry Panoramic Global Systematic Fixed Income Fund		274,443,996		4,811,314		(1,172,531	)		3,638,783
Symmetry Panoramic Alternatives Fund		6,096,167		587,693		—			587,693

9. 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 certain Funds primarily will invest in shares of registered, open-end investment companies and exchange-traded funds (“ETFs”) (collectively, “Underlying

157

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Funds”), or directly in securities or other instruments. Therefore, the risks described below for each Fund are in reference to either the Underlying Funds, direct purchases of the Funds, or both unless otherwise noted.

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

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

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

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

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

Currency Risk — The risk for Funds with international exposures that foreign currencies will increase in value relative to the U.S. dollar and adversely affect the dollar value of the Fund’s investments in foreign (non-U.S.) currencies or in securities that trade in, and receive revenues in, or in derivatives that provide exposure to, foreign (non-U.S.) currencies. Currency risk may be particularly high to the extent that the Fund invests in foreign (non-

158

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

U.S.) currencies or engages in foreign currency transactions that are economically tied to emerging market countries. Conversely, in strategies where currency risk is hedged, the risk is that a decline in the value of the local currency relative to the U.S. dollar will not be earned by the Fund investor.

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

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

Because of these risk factors, the Fund’s investments in developing market countries are subject to greater price volatility and illiquidity than investments in developed markets.

159

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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

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

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

Fixed Income Securities Risk — Fixed income securities held by the Fund are subject to interest rate risk, call risk, prepayment and extension risk, credit risk, and liquidity risk, which are more fully described below. In addition, current market conditions may pose heightened risks for fixed income securities. 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

160

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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 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

161

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

value because of more or less stringent foreign securities regulations and less stringent accounting and disclosure standards. In addition, foreign markets may have greater volatility than domestic markets and foreign securities may be less liquid and harder to value than domestic securities.

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

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

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

162

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

it may have to sell securities from its portfolio to meet daily variation margin requirements, and the Fund may have to sell securities at a time when it may be disadvantageous to do so.

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

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

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

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

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.

163

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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 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

164

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

investments in securities of companies with smaller market capitalizations, foreign securities, Rule 144A securities, derivatives or securities with substantial market and/or credit risk tend to have the greatest exposure to liquidity risk.

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

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

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

Market Capitalization Risk — Stocks fall into the following broad market capitalization categories—large, medium, small and micro. A Fund that invests primarily in one of these categories carries the risk that due to current market conditions that category may be out of favor with investors. If valuations of large capitalization companies appear to be greatly out of proportion to the valuations of micro, small or medium capitalization companies, investors may migrate to the stocks of micro, small and medium-sized companies. Larger, more established companies may also be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Many larger companies also

165

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion.

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

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

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

Market Risk — Overall capital market risk may affect the value of individual instruments in which the Fund invests. Factors such as domestic and foreign economic growth and market conditions, interest rate levels, and political events affect the securities markets. When the value of the Fund’s investments goes down, your investment in the Fund decreases in value and you could lose money. Financial markets are subject to periods of high volatility, depressed valuations, decreased liquidity and heightened uncertainty, 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

166

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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 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

167

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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 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

168

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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 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

169

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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 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.

170

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

In the event of bankruptcy of such an issuer, a Fund investing in the issuer’s securities could experience delays in collecting principal and interest, and the Fund may not, in all circumstances, be able to collect all principal and interest to which it is entitled. To enforce its rights in the event of a default in the payment of interest or repayment of principal, or both, a Fund may, in some instances, take possession of, and manage, the assets securing the issuer’s obligations on such securities, which may increase the Fund’s operating expenses. Any income derived from the Fund’s ownership or operation of such assets may not be tax-exempt. Municipal bonds are generally subject to interest rate, credit and market risk.

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

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

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

ReFlow Liquidity Program — The 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

171

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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.

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

172

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

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.

10. Concentration of Shareholders:

As of August 31, 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	81%
Symmetry Panoramic International Equity Fund		2	81%
Symmetry Panoramic Global Equity Fund		2	82%
Symmetry Panoramic Tax-Managed Global Equity Fund		3	88%
Symmetry Panoramic US Systematic Fixed Income Fund		3	89%
Symmetry Panoramic Municipal Fixed Income Fund		3	86%
Symmetry Panoramic Global Systematic Fixed Income Fund		2	79%
Symmetry Panoramic Alternatives Fund		3	87%

11. 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.

12. 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 August 31, 2024.

173

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Trustees of

Symmetry Panoramic Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Symmetry Panoramic US Equity Fund, Symmetry Panoramic International Equity Fund, Symmetry Panoramic Global Equity Fund, Symmetry Panoramic Tax-Managed Global Equity Fund, Symmetry Panoramic US Systematic Fixed Income Fund, Symmetry Panoramic Municipal Fixed Income Fund, Symmetry Panoramic Global Systematic Fixed Income Fund, and Symmetry Panoramic Alternatives Fund (the “Funds”), each a series of Symmetry Panoramic Trust, as of August 31, 2024, the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of August 31, 2024, the results of their operations for the year then ended, the changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of August 31, 2024, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

We have served as the Funds’ auditor since 2018.

174

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Report of Independent Registered Public Accounting Firm

COHEN & COMPANY, LTD.

Philadelphia, Pennsylvania

October 29, 2024

175

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

Notice to Shareholders (Unaudited)

For shareholders that do not have an August 31, 2024 tax year end, this notice is for informational purposes only. For shareholders with an August 31, 2024 tax year end, please consult your tax advisor as to the pertinence of this notice. For the fiscal period ended August 31, 2024, the Fund is designating the following items with regard to distributions paid during the period:

	Return of Capital		Long Term Capital Gain Distributions		Ordinary Income Distributions		Tax-Exempt Income Distributions⁽⁶⁾		Total Distributions
Symmetry Panoramic US Equity Fund		0.00%		74.96%		25.04%		0.00%		100.00%
Symmetry Panoramic International Equity Fund		0.00%		0.00%		100.00%		0.00%		100.00%
Symmetry Panoramic Global Equity Fund		0.00%		38.93%		61.07%		0.00%		100.00%
Symmetry Panoramic Tax-Managed Global Equity Fund		0.00%		14.05%		85.95%		0.00%		100.00%
Symmetry Panoramic US Systematic Fixed Income Fund		0.00%		0.00%		100.00%		0.00%		100.00%
Symmetry Panoramic Municipal Fixed Income Fund		0.00%		0.00%		2.96%		97.04%		100.00%
Symmetry Panoramic Global Systematic Fixed Income Fund		0.00%		0.00%		100.00%		0.00%		100.00%
Symmetry Panoramic Alternatives Fund		0.00%		0.00%		100.00%		0.00%		100.00%


	Dividends Qualifying for Corporate Dividend Received Deduction⁽¹⁾		Qualifying Dividend Income⁽²⁾		U.S. Government Interest⁽³⁾		Interest Related Dividends⁽⁴⁾		Qualified Short-Term Capital Gain⁽⁵⁾
Symmetry Panoramic US Equity Fund		81.04%		83.64%		0.00%		0.00%		100.00%
Symmetry Panoramic International Equity Fund		0.17%		72.32%		0.00%		0.00%		0.00%
Symmetry Panoramic Global Equity Fund		37.14%		83.36%		0.00%		0.00%		0.00%
Symmetry Panoramic Tax-Managed Global Equity Fund		39.29%		77.92%		0.00%		0.00%		0.00%
Symmetry Panoramic US Systematic Fixed Income Fund		0.00%		0.00%		14.86%		81.41%		0.00%
Symmetry Panoramic Municipal Fixed Income Fund		0.00%		0.00%		0.00%		0.00%		0.00%
Symmetry Panoramic Global Systematic Fixed Income Fund		0.00%		0.00%		11.06%		20.60%		0.00%
Symmetry Panoramic Alternatives Fund		1.51%		4.69%		0.00%		0.00%		0.00%

The Funds intend to pass through foreign tax credit to shareholders. For the fiscal year ended August 31, 2024, the total amounts of foreign source income for the Symmetry Panoramic International Equity Fund, Symmetry Panoramic Tax-Managed Global Equity Fund and Symmetry Panoramic Global Systematic Fixed Income Fund were $6,669,317, $1,525,550 and $5,031,393, respectively. The total amounts of foreign taxes paid for the Symmetry Panoramic International Equity Fund, Symmetry Panoramic Tax-Managed Global Equity Fund and Symmetry Panoramic Global Systematic Fixed Income Fund were $418,379, $118,205 and $58,595, respectively.

(1)	Qualifying dividends represent dividends which qualify for the corporate dividends received deduction and are reflected as a percentage of ordinary income distributions (the total of short term capital gain and net investment income distributions).

176

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024

(2)

The percentage in this column represents the amount of “Qualifying Dividend Income” as created by the Jobs and Growth Tax Relief Reconciliation Act of 2003 and is reflected as a percentage of ordinary income distributions (the total of short term capital gain and net investment income distributions). It is the intention of the Fund to designate the maximum amount permitted by law.

(3)	“U.S. Government Interest” represents the amount of interest that was derived from direct U.S. Government obligations and distributed during the fiscal year. This amount is reflected as a percentage of ordinary income.

(4)	The percentage in this column represents the amount of “Interest Related Dividend” and is reflected as a percentage of ordinary income distributions. Interest related dividends are exempted from U.S. withholding tax when paid to foreign investors.

(5)	The percentage in this column represents the amount of “Short-Term Capital Gain Dividends” and is reflected as a percentage of short term capital gain distributions that is exempted from U.S. withholding tax when paid to foreign investors.

(6)

“Tax-exempt income distributions” represents the amount of interest that was derived from state exempt obligations and distributed during the fiscal year. This amount is reflected as a percentage of total distributions. Generally, interest from state obligations is exempt from state income tax. However, for shareholders of the Symmetry Panoramic Municipal Fixed Income Fund who are residents of California, Connecticut and New York, the statutory threshold requirements were not satisfied to permit exemption of these amounts from state income.

The information reported herein may differ from the information and distributions taxable to the shareholders for the calendar year ending December 31, 2024. Complete information will be computed and reported in conjunction with your 2024 Form 1099-DIV.

177

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024 (Unaudited)

BOARD CONSIDERATION OF APPROVAL OF SUB-ADVISORY AGREEMENT (FORM N-CSR ITEM 11)

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 Fund	Symmetry Panoramic Alternatives Fund

(collectively, the “Funds”)

Pursuant to Section 15 of the Investment Company Act of 1940 (the “1940 Act”), the Funds’ advisory and sub-advisory agreements (the “Agreements”) must be renewed at least annually after their initial two-year term: (i) by the vote of the Board of Trustees (the “Board” or the “Trustees”) of Symmetry Panoramic Trust (the “Trust”) or by a vote of a majority of the shareholders of the Funds; and (ii) by the vote of a majority of the Trustees who are not parties to the Agreements or “interested persons” of any party thereto, as defined in the 1940 Act (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on such renewal.

A Board meeting was held on March 26–27, 2024 to decide whether to renew the following Agreements for additional one-year terms:

●

the advisory agreement between Symmetry Partners, LLC (the “Adviser”) and the Trust, on behalf of the Funds; and

●

the sub-advisory agreement between the Adviser and certain sub-advisers on behalf of the Funds shown in the following table (each, a “Sub-Adviser” and together, the “Sub-Advisers”), pursuant to which the Sub-Advisers serve as investment sub-advisers to the Funds:

Sub-Adviser	Fund(s)
AQR Capital Management, LLC	Symmetry Panoramic US Equity Fund
	Symmetry Panoramic International Equity Fund
	Symmetry Panoramic Global Equity Fund
Dimensional Fund Advisors LP	Symmetry Panoramic US Equity Fund
	Symmetry Panoramic International Equity Fund
	Symmetry Panoramic Global Equity Fund

178

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024 (Unaudited)

In preparation for the meeting, the Trustees requested that the Adviser and the Sub-Advisers furnish information necessary to evaluate the terms of the Agreements. Prior to the meeting, the Independent Trustees of the Funds met to review and discuss the information provided and submitted a request for additional information to the Adviser and the Sub-Advisers, and information was provided in response to this request. The Trustees used this information, as well as other information that the Adviser, the Sub-Advisers and other service providers of the Funds presented or submitted to the Board at the meeting and other meetings held during the prior year, to help them decide whether to renew the Agreements for an additional year.

Specifically, the Board requested and received written materials from the Adviser, the Sub-Advisers and other service providers of the Funds regarding: (i) the nature, extent and quality of the Adviser’s and the Sub-Advisers’ services; (ii) the Adviser’s and the Sub-Advisers’ investment management personnel; (iii) the Adviser’s and the Sub-Advisers’ operations and financial condition; (iv) the Adviser’s and the Sub-Advisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the Funds’ advisory fees paid to the Adviser and the Sub-Advisers and the Funds’ overall fees and operating expenses compared with peer groups of mutual funds; (vi) the level of the Adviser’s and the Sub-Advisers’ profitability from their relationships with the Funds, including both direct and indirect benefits accruing to the Adviser and the Sub-Advisers and their affiliates; (vii) the Adviser’s and the Sub-Advisers’ potential economies of scale; (viii) the Adviser’s and the Sub-Advisers’ compliance programs, including a description of material compliance matters and material compliance violations; (ix) the Adviser’s and the Sub-Advisers’ policies on and compliance procedures for personal securities transactions; and (x) the Funds’ performance compared with peer groups of mutual funds and the Funds’ benchmark indices.

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

At the Board meeting, the Trustees, including all of the Independent Trustees, based on their evaluation of the information provided by the Adviser, the Sub-Advisers and other service providers of the Funds, renewed the Agreements. In considering the renewal of the Agreements, the Board considered various factors that they determined were relevant, including: (i) the nature, extent and quality of the services provided by the Adviser and the Sub-Advisers; (ii) the investment performance of the Funds and the Adviser and the Sub-Advisers; (iii) the costs of the services provided and profits realized by the Adviser and the Sub-Advisers from their relationships with the Funds, including both direct and indirect benefits accruing to the Adviser and the Sub-Advisers and their affiliates; (iv) the extent to which economies of scale are being realized by the Adviser and the Sub-Advisers; and (v) whether fee levels reflect such economies of scale for the benefit of Fund investors, as discussed in further detail below.

179

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024 (Unaudited)

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

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

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

Investment Performance of the Funds, the Adviser and the Sub-Advisers

The Board was provided with regular reports regarding the Funds’ performance over various time periods. The Trustees also reviewed reports prepared by the Funds’ administrator comparing the Funds’ performance to their benchmark indices and peer groups of mutual funds as classified by Lipper, an independent provider of investment company data, over various periods of time. Representatives from the Adviser and the Sub-Advisers provided information regarding and led discussions of factors impacting the performance of the Funds, outlining current market conditions and explaining their expectations and strategies for the future. The Trustees determined that the Funds’ performance was satisfactory, or, where the Funds’ performance was materially below their benchmarks and/or peer groups, the Trustees were satisfied by the reasons for the underperformance and/or the steps taken by the Adviser and the Sub-Advisers in an effort to improve the performance of the Funds. Based on this information, the Board concluded, within the context of its full deliberations, that the investment results that the Adviser and the Sub-Advisers had been able to achieve for the Funds were sufficient to support renewal of the Agreements.

180

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024 (Unaudited)

Costs of Advisory Services, Profitability and Economies of Scale

In considering the advisory fees payable by the Funds to the Adviser, as well as the fees payable by the Adviser to the Sub-Advisers, the Trustees reviewed, among other things, a report of the advisory fees paid to the Adviser and the Sub-Advisers. The Trustees also reviewed reports prepared by the Funds’ administrator comparing the Funds’ net and gross expense ratios and advisory fees to those paid by peer groups of mutual funds as classified by Lipper. The Trustees reviewed the management fees charged by the Sub-Advisers to other clients with comparable mandates with respect to certain Funds. The Trustees considered any differences in management fees and took into account the respective demands, resources and complexity associated with the Funds and other client accounts as well as the extensive regulatory, compliance and tax regimes to which the Funds are subject. The Trustees also considered that the Adviser, not the Funds, paid the Sub-Advisers pursuant to the sub-advisory agreements and that the fees payable to the Sub-Advisers reflected arms-length negotiations between the Adviser and the Sub-Advisers. The Trustees evaluated both the fee under the sub-advisory agreements and the portion of the fee under the advisory agreement retained by the Adviser. The Board concluded, within the context of its full deliberations, that the advisory fees were reasonable in light of the nature and quality of the services rendered by the Adviser and the Sub-Advisers.

The Trustees reviewed the costs of services provided by and the profits realized by the Adviser and the Sub-Advisers from their relationship with the Funds, including both direct benefits and indirect benefits, such as research and brokerage services received under soft dollar arrangements, accruing to the Adviser and the Sub-Advisers and their affiliates. The Trustees considered how the Adviser’s and the Sub-Advisers’ profitability was affected by factors such as their organizational structures and methods for allocating expenses. The Trustees concluded that the profit margins of the Adviser and the Sub-Advisers with respect to the management of the Funds were not unreasonable. The Board also considered the Adviser’s and the Sub-Advisers’ commitment to managing the Funds and the Adviser’s willingness to continue its expense limitation and fee waiver arrangements with the Funds.

The Trustees considered the Adviser’s and Sub-Advisers’ views relating to economies of scale in connection with the Funds as Fund assets grow and the extent to which the benefits of any such economies of scale are shared with the Funds and Fund shareholders. The Board considered the existence of any economies of scale and whether those were passed along to the Funds’ shareholders through a graduated advisory fee schedule or other means, including fee waivers. The Trustees recognized that economies of scale are difficult to identify and quantify and are rarely identifiable on a fund-by-fund basis. Based on this evaluation, the Board concluded that the advisory fees were reasonable in light of the information that was provided to the Trustees by the Adviser and the Sub-Advisers with respect to economies of scale.

181

SYMMETRY PANORAMIC TRUST
AUGUST 31, 2024 (Unaudited)

Renewal of the Agreements

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

182

(This Page Intentionally Left Blank.)

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.

1835 Market St., Suite 310

Philadelphia, PA 19103

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

SYM-AR-001-0400

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

There were no changes in or disagreements with accountants on accounting and financial disclosure during the period covered by the report.

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

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

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

The remuneration paid by the company during the period covered by the report to the Trustees on the company’s Board of Trustees is disclosed as part of the financial statements included above in Item 7.

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

The disclosure regarding the Approval of Advisory Agreement, if applicable, is included as part of the financial statements included above in Item 7.

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

Not applicable to open-end management investment companies.

Item 13. Portfolio Managers of Closed-End Management Investment Companies

Not applicable to open-end management investment companies.

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

Not applicable to open-end management investment companies.

Item 15. 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 16. 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 1940 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 1940 Act (17 CFR § 270.30a-3(b)) and Rule 13a-15(b) or Rule 15d-15(b) under the 1940 Act (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 1940 Act (17 CFR § 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

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

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) Code of Ethics attached hereto.

(a)(2) Not applicable.

(a)(3) A separate certification for the principal executive officer and the 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.

(a)(4) Not applicable.

(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 exhibits.

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: November 7, 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: November 7, 2024

By	/s/ Andrew Metzger
	Andrew Metzger
	Principal Financial Officer

Date: November 7, 2024

Symmetry Panoramic Trust N-CSRCertified annual shareholder report (management investment company)

Symmetry Panoramic US Equity Fund

The Symmetry Panoramic Trust

Class I Shares - SPUSX

Annual Shareholder Report - August 31, 2024

What were the Fund costs for the last year?

How did the Fund perform in the last year?

Total Return Based on $10,000 Investment

Average Annual Total Returns as of August 31, 2024

Key Fund Statistics as of August 31, 2024

What did the Fund invest in?

Sector WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Householding

Symmetry Panoramic International Equity Fund

The Symmetry Panoramic Trust

Class I Shares - SPILX

Annual Shareholder Report - August 31, 2024

What were the Fund costs for the last year?

How did the Fund perform in the last year?

Total Return Based on $10,000 Investment

Average Annual Total Returns as of August 31, 2024

Key Fund Statistics as of August 31, 2024

What did the Fund invest in?

Country WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Householding

Symmetry Panoramic Global Equity Fund

The Symmetry Panoramic Trust

Class I Shares - SPGEX

Annual Shareholder Report - August 31, 2024

What were the Fund costs for the last year?

How did the Fund perform in the last year?

Total Return Based on $10,000 Investment

Average Annual Total Returns as of August 31, 2024

Key Fund Statistics as of August 31, 2024

What did the Fund invest in?

Country WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Householding

Symmetry Panoramic Tax-Managed Global Equity Fund

The Symmetry Panoramic Trust

Class I Shares - SPGTX

Annual Shareholder Report - August 31, 2024

What were the Fund costs for the last year?

How did the Fund perform in the last year?

Total Return Based on $10,000 Investment

Average Annual Total Returns as of August 31, 2024

Key Fund Statistics as of August 31, 2024

What did the Fund invest in?

Sector WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Householding

Symmetry Panoramic US Systematic Fixed Income Fund

The Symmetry Panoramic Trust

Class I Shares - SPUBX

Annual Shareholder Report - August 31, 2024

What were the Fund costs for the last year?

How did the Fund perform in the last year?

Total Return Based on $10,000 Investment

Average Annual Total Returns as of August 31, 2024

Key Fund Statistics as of August 31, 2024

What did the Fund invest in?

Asset WeightingsFootnote Reference*

Top Ten Holdings

Material Fund Changes

Changes in and Disagreements with Accountants

Additional Information

Sector Weightings^{Footnote Reference*}

Country Weightings^{Footnote Reference*}

Country Weightings^{Footnote Reference*}

Sector Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Sector Weightings^{Footnote Reference*}

Asset Weightings^{Footnote Reference*}

Sector Weightings^{Footnote Reference*}