9AT: DHANDHO FUNDS LLC

DHANDHO FUNDS LLC

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DHANDHO FUNDS LLC
DHANDHO FUNDS LLC ERA

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other names

DHANDHO FUNDS LLC

Adviser Profile

As of Date	03/31/2025
ADV Location	AUSTIN, TX, United States
Adviser Type - An investment adviser (or subadviser) to an investment company - Related adviser
Number of Employees	6 100%
of those in investment advisory functions	3
Registration	SEC, Approved, 09/28/2022
Other registrations (3)	SEC, ERA - Withdrawn, 08/26/2022 Texas, ERA - Withdrawn, 08/26/2022 California, ERA - Withdrawn, 09/13/2021
Former registrations	DHANDHO FUNDS LLC

AUM^*	46,535,631 -46%
of that, discretionary	46,535,631 -46%
Private Fund GAV^*	0 -100%
Avg Account Size	46,535,631 117%
SMA’s	No
Private Funds	0 4
Contact Info	512 xxxxxxx
Websites

Client Types

- Investment companies

Advisory Activities

- Portfolio management for investment companies

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

86M 74M 61M 49M 37M 25M 12M

2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

Overview

A. General Description of Advisory Firm Dhandho Funds LLC is a limited liability company (the “Adviser”) that was formed on January 4, 2016 in Puerto Rico. Effective December 27, 2016, the Adviser converted to a Delaware limited liability company. There was no practical change in control or management of the Adviser as a result of the conversion. The principal owners of the Adviser are Dhandho Holdings, L.P. and Dhandho Holdings Qualified Purchaser, L.P. (together “Dhandho Holdings”), of which Mohnish Pabrai is the ultimate controlling person. The Adviser serves as general partner to or manager of four private funds: Dhandho Junoon LP, Dhandho Junoon Offshore Ltd., Dhandho India Zero Fee Fund, L.P. and Dhandho India Zero Fee Fund Offshore Ltd. The four private funds are being liquidated and all capital will be returned to investors in 2024 after a final audit as of June 30, 2024. B. Description of Advisory Services The Adviser provides investment management services to limited partnerships or companies (“Private Fund” or “Private Funds”) organized under the laws of the United States or the British Virgin Islands; separately managed accounts (“SMAs”); and a mutual fund (“Mutual Fund”), the Pabrai Wagons Fund (Retail Share: WAGNX, Institutional Share: WGNIX), collectively referred to as “Clients.” The Adviser serves as general

partner to or manager of each Private Fund. Please refer to Item 8 for a more detailed description of the Adviser’s management strategies as well as the securities and other instruments purchased by the Adviser on behalf of the Clients. C. Availability of Customized Services for Individual Clients The Advisor tailors its advisory services as described in the relevant Private Fund’s private placement memorandum and/or organizational documents, the Investment Policy Statement for the SMA accounts and the Mutual Fund’s Summary and Statutory Prospectus and Statement of Additional Information. Advisory services for each Private Fund are not tailored to the individual needs of investors. Investors may not impose restrictions on the Adviser with respect to the investments it makes on behalf of the Clients. SMA clients may impose reasonable restrictions, in writing, on investing in certain securities or types of securities held in their portfolio. The Mutual Fund has adopted written investment restrictions and is also subject to regulatory requirements. D. Wrap Fee Programs The Adviser does not participate in wrap fee programs. E. Assets Under Management The Adviser’s collective Client regulatory assets under management as of December 31, 2023, were $116,270,544, all of which are managed on a discretionary basis.