Symmetry Panoramic Trust 提交截至2026年8月31日的年度报告

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, 2026

Date of reporting period: August 31, 2026

Item 1. Reports to Stockholders.

The Symmetry Panoramic Trust

Symmetry Panoramic US Equity Fund

Class I Shares - SPUSX

Annual Shareholder Report: August 31, 2026

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, 2025 to August 31, 2026. You can find additional information about the Fund at https://panoramicfunds.com/us-equity-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2026 and was up 18.35% but trailed its benchmark, the MSCI US Broad Market Index (USD) (TR), by 2.06%. The fund seeks to outperform its benchmark by taking a multi-factor approach, specifically, by systematically overweighting US stocks with low price relative to a fundamental (value), with strong earnings (quality), and with strong relative performance in the previous 12 months (momentum). Additionally, the fund has exposure to small capitalization stock risk (size) by deviating from market-cap weighting to gain factor exposure and exposure to low volatility stocks (low risk). With respect to investment style factors, size, quality, and momentum stocks bested the broad market benchmark in the US while value and low risk detracted. In the trailing 3-year period, the Fund was up 18.60% annualized but trailed its benchmark by 2.13%. The longer-term relative underperformance was driven primarily by the underperformance of value stocks relative to growth stocks and small cap stocks relative to large cap stocks.

Fiscal 2026 was a very strong year for equity investors across the globe, including the US. Much of the year focused on the impact of the imposition of tariffs and the turmoil in the Middle East impacting energy prices. Markets were buoyed by strong earnings growth in the US and the enthusiasm related to Artificial Intelligence (AI). Despite the global equity market’s initial negative reaction to the proposed tariffs, the market recovered strongly, led by a surge in equities outside the US and AI-related stocks in the US. The Fed continued its policy of easing in Fiscal 2026 with a series of three rate cuts of 25 bps early in the Fiscal Year. As of the end of Fiscal 2026, the Fed Funds target stood at 350-375 bps as compared to 425-450 bps at the beginning of Fiscal 2026. GDP growth remained positive throughout FY 2026 coming in at 2.2%, while US inflation as measured by year over year CPI change was 3.4% in Fiscal 2026, up from 2.9% in Fiscal 2025. The higher prices, tariffs, and the turmoil in the Middle East portend Fed tightening soon. Despite the concerns about the impact of tariffs and energy prices on inflation and output, US equity returns were strong.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

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 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.

Average Annual Total Returns as of August 31, 2026

Key Fund Statistics as of August 31, 2026

What did the Fund invest in?

Asset/Sector Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period.

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-equity-fund/ 

Householding

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

The Symmetry Panoramic Trust

Symmetry Panoramic US Equity Fund / Class I Shares - SPUSX

Annual Shareholder Report: August 31, 2026

SPUSX-AR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic International Equity Fund

Class I Shares - SPILX

Annual Shareholder Report: August 31, 2026

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, 2025 to August 31, 2026. You can find additional information about the Fund at https://panoramicfunds.com/international-equity-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2026 and was up 26.91% and bested its benchmark, the MSCI ACWI ex-USA IMI Index (USD) (NR), by 0.54%. The fund seeks to outperform its benchmark by taking a multi-factor approach, specifically by systematically overweighting ex-USA stocks with low price relative to a fundamental (value), with strong earnings (quality), and with strong relative performance in the previous 12 months (momentum). Additionally, the fund has exposure to small cap stock risk (size) by deviating from market-cap weighting to gain factor exposure and to low volatility stocks (low risk). With respect to investment style factors, in ex-USA Developed Markets, size, quality, and low risk underperformed while value and momentum outperformed. In Emerging Markets, size, quality, value, and low risk underperformed while only momentum outperformed. The fund’s relative performance was helped by an overweight to Emerging Markets which outperformed ex-USA Developed Markets in the Fiscal Year. The dispersion in the style factor returns highlights the need to diversify across investment styles. In the trailing 3-year period, the Fund was up 20.57% annualized and bested its benchmark by 0.72%.

Fiscal 2026 was a very strong year for equity investors across the globe, especially for ex-USA equity. Much of the year focused on the impact of the imposition of tariffs and the turmoil in the Middle East impacting energy prices. Markets were buoyed by strong earnings growth in the US and the enthusiasm related to Artificial Intelligence (AI) worldwide. Despite the global equity market’s initial negative reaction to the proposed tariffs, the market recovered strongly, led by a surge in equities outside the US and AI-related stocks in the US. The Fed continued its policy of easing in Fiscal 2026 with a series of three rate cuts of 25 bps early in the Fiscal Year. As of the end of Fiscal 2026, the Fed Funds target stood at 350-375 bps as compared to 425-450 bps at the beginning of Fiscal 2026. GDP growth remained positive throughout FY 2026 coming in at 2.2%, while US inflation as measured by year over year CPI change was 3.4% in Fiscal 2026, up from 2.9% in Fiscal 2025. The higher prices, tariffs, and the turmoil in the Middle East portend Fed tightening soon. Despite the concerns about the impact of tariffs and energy prices on inflation and output, ex-USA equity returns were strong.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

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 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/international-equity-fund/ for current month-end performance.

Average Annual Total Returns as of August 31, 2026

Key Fund Statistics as of August 31, 2026

What did the Fund invest in?

Country/Asset Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period.

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

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

The Symmetry Panoramic Trust

Symmetry Panoramic International Equity Fund / Class I Shares - SPILX

Annual Shareholder Report: August 31, 2026

SPILX-AR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Global Equity Fund

Class I Shares - SPGEX

Annual Shareholder Report: August 31, 2026

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, 2025 to August 31, 2026. You can find additional information about the Fund at https://panoramicfunds.com/global-equity-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2026 and was up 21.83% but trailed its benchmark, the MSCI ACWI IMI (USD) (NR), by 0.52%. The fund seeks to outperform its benchmark by taking a multi-factor approach with a bias to US equities relative to the benchmark specifically by systematically overweighting global stocks with low price relative to a fundamental (value), with strong earnings (quality), and with strong relative performance in the previous 12 months (momentum). Additionally, the fund has exposure to small cap stock risk (size) by deviating from market-cap weighting to gain factor exposure and to low volatility stocks (low risk). With respect to US investment style factors, size, quality, and momentum stocks bested the broad US equity market benchmark while low risk and value detracted. With respect to investment style factors, in ex-USA Developed Markets, size, quality, and low risk underperformed while value and momentum outperformed. In Emerging Markets, size, quality, value, and low risk underperformed while only momentum outperformed. The overweight in US equities detracted from relative performance in the fiscal year. In the trailing 3-year period, the Fund was up 19.40% annualized and trailed its benchmark by 0.71% primarily due to the relative underperformance of US value and small capitalization stocks.

Fiscal 2026 was a very strong year for equity investors across the globe, especially for ex-USA equity. Much of the year focused on the impact of the imposition of tariffs and the turmoil in the Middle East impacting energy prices. Markets were buoyed by strong earnings growth in the US and the enthusiasm related to Artificial Intelligence (AI) worldwide. Despite the global equity market’s initial negative reaction to the proposed tariffs, the market recovered strongly, led by a surge in equities outside the US and AI-related stocks in the US. The Fed continued its policy of easing in Fiscal 2026 with a series of three rate cuts of 25 bps early in the Fiscal Year. As of the end of Fiscal 2026, the Fed Funds target stood at 350-375 bps as compared to 425-450 bps at the beginning of Fiscal 2026. GDP growth remained positive throughout FY 2026 coming in at 2.2%, while US inflation as measured by year over year CPI change was 3.4% in Fiscal 2026 up from 2.9% in Fiscal 2025. The higher prices, tariffs, and the turmoil in the Middle East portend Fed tightening soon. Despite the concerns about the impact of tariffs and energy prices on inflation and output, global equity returns were strong.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

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 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/global-equity-fund/ for current month-end performance.

Average Annual Total Returns as of August 31, 2026

Key Fund Statistics as of August 31, 2026

What did the Fund invest in?

Country/Asset Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period.

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

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

The Symmetry Panoramic Trust

Symmetry Panoramic Global Equity Fund / Class I Shares - SPGEX

Annual Shareholder Report: August 31, 2026

SPGEX-AR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Tax-Managed Global Equity Fund

Class I Shares - SPGTX

Annual Shareholder Report: August 31, 2026

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, 2025 to August 31, 2026. You can find additional information about the Fund at https://panoramicfunds.com/global-equity-fund-2/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2026 and was up 24.46% and bested its benchmark, the MSCI ACWI IMI (USD) (NR), by 2.11%. The fund seeks to outperform its benchmark by taking a multi-factor approach with a bias to US equities relative to the benchmark, specifically by systematically overweighting global stocks with low price relative to a fundamental (value), with strong earnings (quality), and with strong relative performance in the previous 12 months (momentum). Additionally, the fund has exposure to small cap stock risk (size) by deviating from market-cap weighting to gain factor exposure and to low volatility stocks (low risk). With respect to US investment style factors, size, quality, and momentum stocks bested the broad US equity market benchmark while low risk and value detracted. With respect to investment style factors, in ex-USA Developed Markets, size, quality, and low risk underperformed while value and momentum outperformed. In Emerging Markets, size, quality, value, and low risk underperformed while only momentum outperformed. The overweight in US equities detracted from relative performance in the fiscal year. In the trailing 3-year period, the Fund was up 20.02% annualized and trailed its benchmark by 0.09%.

Fiscal 2026 was a very strong year for equity investors across the globe, especially for ex-US equity. Much of the year focused on the impact of the imposition of tariffs and the turmoil in the Middle East impacting energy prices. Markets were buoyed by strong earnings growth in the US and the enthusiasm related to Artificial Intelligence (AI) worldwide. Despite the global equity market’s initial negative reaction to the proposed tariffs, the market recovered strongly, led by a surge in equities outside the US and AI-related stocks in the US. The Fed continued its policy of easing in Fiscal 2026 with a series of three rate cuts of 25 bps early in the Fiscal Year. As of the end of Fiscal 2026, the Fed Funds target stood at 350-375 bps as compared to 425-450 bps at the beginning of Fiscal 2026. GDP growth remained positive throughout FY 2026 coming in at 2.2%, while US inflation as measured by year over year CPI change was 3.4% in Fiscal 2026, up from 2.9% in Fiscal 2025. The higher prices, tariffs, and the turmoil in the Middle East portend Fed tightening soon. Despite the concerns about the impact of tariffs and energy prices on inflation and output, global equity returns were strong.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

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 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/global-equity-fund-2/ for current month-end performance.

Average Annual Total Returns as of August 31, 2026

Key Fund Statistics as of August 31, 2026

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period.

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

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

The Symmetry Panoramic Trust

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

Annual Shareholder Report: August 31, 2026

SPGTX-AR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic US Systematic Fixed Income Fund

Class I Shares - SPUBX

Annual Shareholder Report: August 31, 2026

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, 2025 to August 31, 2026. You can find additional information about the Fund at https://panoramicfunds.com/us-systematic-fixed-income-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2026 and was up 1.95% and bested its benchmark, the Bloomberg U.S. Aggregate Bond Index (USD) (TR), by 0.06%. The fund seeks to outperform its benchmark using a systematic multi-factor approach to selecting US corporate fixed income securities. In the trailing 3-year period, the Fund returned 3.92% and trailed its benchmark by 0.16%.

Fiscal 2026 was a good year for US fixed income investors. The US Treasury yield curve steepened during the fiscal year, with shorter maturities falling (or rising less than longer maturities) but longer dated maturities rising. The market yield on the 10-year Constant Maturity US Treasury rose 0.87% (i.e., 4.24% to 4.99%) over the fiscal year, while the market yield on the 1-month Constant Maturity Treasury fell 0.31% (i.e., 4.24% to 3.93%) over the same period. Corporate credit spreads in the US generally widened during the year for both investment grade and high-yield debt.

Much of the year focused on the impact of the imposition of tariffs and the turmoil in the Middle East impacting energy prices. Markets were buoyed by strong earnings growth in the US and the enthusiasm related to Artificial Intelligence (AI) worldwide. Despite the global equity market’s initial negative reaction to the proposed tariffs, the market recovered strongly, led by a surge in equities outside the US and AI-related stocks in the US. The Fed continued its policy of easing in Fiscal 2026 with a series of three rate cuts of 25 bps early in the Fiscal Year. As of the end of Fiscal 2026, the Fed Funds target stood at 350-375 bps as compared to 425-450 bps at the beginning of Fiscal 2026. GDP growth remained positive throughout FY 2026 coming in at 2.2%, while US inflation as measured by year over year CPI change was 3.4% in Fiscal 2026, up from 2.9% in Fiscal 2025 . The higher prices, tariffs, and the turmoil in the Middle East portend Fed tightening soon. Despite the concerns about the impact of tariffs and energy prices on inflation and output, US fixed income returns were resilient.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

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 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-systematic-fixed-income-fund/ for current month-end performance.

Average Annual Total Returns as of August 31, 2026

Key Fund Statistics as of August 31, 2026

What did the Fund invest in?

Asset/Sector Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period.

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

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

The Symmetry Panoramic Trust

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

Annual Shareholder Report: August 31, 2026

SPUBX-AR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Municipal Fixed Income Fund

Class I Shares - SPMFX

Annual Shareholder Report: August 31, 2026

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, 2025 to August 31, 2026. You can find additional information about the Fund at https://panoramicfunds.com/municipal-fixed-income-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund had good absolute performance in FY 2026 and was up 2.78% and trailed its benchmark, the Bloomberg US Municipal Bond Index (USD), by 1.34%. In the trailing 3-year period, the Fund returned 2.53% annualized and trailed its benchmark by 0.97%.

Fiscal 2026 was a good year for US municipal bond investors. The US Treasury yield curve steepened during the fiscal year, with shorter maturities falling but longer dated maturities rising. The market yield on the 10-year Constant Maturity US Treasury rose 0.32% (i.e., 3.91% to 4.23%) over the fiscal year , while the market yield on the 1-year Constant Maturity Treasury fell 0.55% (i.e., 4.38% to 3.83%) over the same period. Corporate credit spreads in the US generally widened during the year for both investment grade and high-yield debt.

Much of the year focused on the impact of the imposition of tariffs and the turmoil in the Middle East impacting energy prices. Markets were buoyed by strong earnings growth in the US and the enthusiasm related to Artificial Intelligence (AI) worldwide. Despite the global equity market’s initial negative reaction to the proposed tariffs, the market recovered strongly, led by a surge in equities outside the US and AI-related stocks in the US. The Fed continued its policy of easing in Fiscal 2026 with a series of three rate cuts of 25 bps early in the Fiscal Year. As of the end of Fiscal 2026, the Fed Funds target stood at 350-375 bps as compared to 425-450 bps at the beginning of Fiscal 2026. US GDP growth remained positive throughout FY 2026 coming in at 2.2%, while US inflation as measured by year over year CPI change was 3.4% in Fiscal 2026, up from 2.9% in Fiscal 2025. The higher prices, tariffs, and the turmoil in the Middle East portend Fed tightening soon. Despite the concerns about the impact of tariffs and energy prices on inflation and output, US municipal bond returns were resilient.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

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 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/municipal-fixed-income-fund/ for current month-end performance.

Average Annual Total Returns as of August 31, 2026

Key Fund Statistics as of August 31, 2026

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Top Holdings

Material Fund Changes

There were no material changes during the reporting period.

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

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

The Symmetry Panoramic Trust

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

Annual Shareholder Report: August 31, 2026

SPMFX-AR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Global Systematic Fixed Income Fund

Class I Shares - SPGBX

Annual Shareholder Report: August 31, 2026

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, 2025 to August 31, 2026. You can find additional information about the Fund at https://panoramicfunds.com/global-systematic-fixed-income-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund had strong absolute performance in FY 2026 and was up 1.72% but trailed its benchmark, the Bloomberg Global Aggregate Hedged Index, by 0.03%. The fund seeks to outperform its benchmark using a systematic multi-factor approach to selecting global corporate fixed income securities. In the trailing 3-year period, the Fund returned 3.82% annualized and trailed its benchmark by 0.39%.

Fiscal 2026 was a good year for fixed income investors across the globe. The US Treasury yield curve steepened during the fiscal year, with shorter maturities falling (or rising less than longer maturities) but longer dated maturities rising. The market yield on the 10-year Constant Maturity US Treasury rose 0.87% (i.e., 4.24% to 4.99%) over the fiscal year, while the market yield on the 1-month Constant Maturity Treasury fell 0.31% (i.e., 4.24% to 3.93%) over the same period. Corporate credit spreads in the US generally widened during the year for both investment grade and high-yield debt.

Much of the year focused on the impact of the imposition of tariffs and the turmoil in the Middle East impacting energy prices. Markets were buoyed by strong earnings growth in the US and the enthusiasm related to Artificial Intelligence (AI) worldwide. Despite the global equity market’s initial negative reaction to the proposed tariffs, the market recovered strongly, led by a surge in equities outside the US and AI-related stocks in the US. The Fed continued its policy of easing in Fiscal 2026 with a series of three rate cuts of 25 bps each early in the Fiscal Year. As of the end of Fiscal 2026, the Fed Funds target stood at 350-375 bps as compared to 425-450 bps at the beginning of Fiscal 2026. US GDP growth remained positive throughout FY 2026 coming in at 2.2%, while US inflation as measured by year over year CPI change was 3.4% in Fiscal 2026, up from 2.9% in Fiscal 2025. The higher prices, tariffs, and the turmoil in the Middle East portend Fed tightening soon. Despite the concerns about the impact of tariffs and energy prices on inflation and output, global fixed income returns were resilient.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

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 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/global-systematic-fixed-income-fund/ for current month-end performance.

Average Annual Total Returns as of August 31, 2026

Key Fund Statistics as of August 31, 2026

What did the Fund invest in?

Asset/Sector Weightings^{Footnote Reference*}

Top Ten Holdings

Material Fund Changes

There were no material changes during the reporting period.

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

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

The Symmetry Panoramic Trust

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

Annual Shareholder Report: August 31, 2026

SPGBX-AR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Alternatives Fund

Class I Shares - SPATX

Annual Shareholder Report: August 31, 2026

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, 2025 to August 31, 2026. You can find additional information about the Fund at https://panoramicfunds.com/alternatives-fund/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). 

What were the Fund costs for the last year?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the last year?

The Fund was up 15.14% in FY 2026. In comparison, global equities as represented by the MSCI ACWI IMI (USD) (NR) was up 22.35%. In the trailing 3-year period, the Fund was up 10.40% annualized while the MSCI ACWI IMI (USD) (NR) was up 20.11%.

Our alternatives fund has three main themes. Specifically, managed futures, long-short styles across asset classes, and diversified arbitrage strategies. In FY 2026, all three themes both resulted in positive performance. 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 trailing 3 years, the pairwise correlation of the Fund to global equity returns using monthly returns was -0.04 with the Fund’s annualized standard deviation of monthly returns approximately one-third 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

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 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/alternatives-fund/ for current month-end performance.

Average Annual Total Returns as of August 31, 2026

Key Fund Statistics as of August 31, 2026

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Top Holdings

Material Fund Changes

There were no material changes during the reporting period.

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

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

The Symmetry Panoramic Trust

Symmetry Panoramic Alternatives Fund / Class I Shares - SPATX

Annual Shareholder Report: August 31, 2026

SPATX-AR-2026

The Symmetry Panoramic Trust

Symmetry Panoramic Sector Momentum ETF

Ticker: SMOM

Principal Listing Exchange: NASDAQ

Annual Shareholder Report: August 31, 2026

This annual shareholder report contains important information about the Symmetry Panoramic Sector Momentum ETF (the "Fund") for the period from September 9, 2025 (commencement of operations) to August 31, 2026. You can find additional information about the Fund at https://panoramicfunds.com/symmetry-panoramic-sector-momentum-etf/. You can also request this information by contacting us at 1-844-Sym-Fund (844-796-3863). 

What were the Fund costs for the period?

(based on a hypothetical $10,000 investment) 

How did the Fund perform in the period?

The Fund had strong absolute performance from its inception on 9/9/2025 through the end of FY 2026 and was up 16.74% but trailed its benchmark, the S&P 500 Index (USD) (TR), by 2.61%. The fund seeks to outperform its benchmark by allocating to the sectors of the S&P 500 Index (USD) (TR) that exhibit the strongest relative performance in the previous 6 and 12 months (momentum). In FY 2026, the S&P 500 Index (USD) (TR) was led by energy, technology, and health care sectors. They were the only three sectors that outperformed the S&P 500 Index (USD) (TR). The energy sector returns being driven by earnings growth related to rising energy prices and the technology sector’s performance being driven by optimism surrounding Artificial Intelligence (AI). The fund had allocations to the three top performing sectors at times across the period. Allocations to under-performing sectors (e.g., industrials, materials, consumer staples, communications, and real estate) detracted.

Fiscal 2026 was a very strong year for equity investors across the globe including the US. Much of the year focused on the impact of the imposition of tariffs and the turmoil in the Middle East impacting energy prices. Markets were buoyed by strong earnings growth in the US and the enthusiasm related to Artificial Intelligence (AI). Despite the global equity market’s initial negative reaction to the proposed tariffs, the market recovered strongly, led by a surge in equities outside the US and AI-related stocks in the US. The Fed continued its policy of easing in Fiscal 2026 with a series of three rate cuts of 25 bps early in the Fiscal Year. As of the end of Fiscal 2026, the Fed Funds target stood at 350-375 bps as compared to 425-450 bps at the beginning of Fiscal 2026. GDP growth remained positive throughout FY 2026 coming in at 2.2%, while US inflation as measured by year over year CPI change was 3.4% in Fiscal 2026, up from 2.9% in Fiscal 2025. The higher prices, tariffs, and the turmoil in the Middle East portend Fed tightening soon. Despite the concerns about the impact of tariffs and energy prices on inflation and output, US equity returns were strong.

How did the Fund perform since inception?

Total Return Based on $10,000 Investment

Since its inception on September 9, 2025. 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 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/symmetry-panoramic-sector-momentum-etf/ for current month-end performance.

Average Annual Total Returns as of August 31, 2026

Key Fund Statistics as of August 31, 2026

What did the Fund invest in?

Asset Weightings^{Footnote Reference*}

Top Holdings

Material Fund Changes

There were no material changes during the reporting period.

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/symmetry-panoramic-sector-momentum-etf/ 

Householding

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

The Symmetry Panoramic Trust

Symmetry Panoramic Sector Momentum ETF: SMOM

Principal Listing Exchange: NASDAQ

Annual Shareholder Report: August 31, 2026

SMOM-AR-2026

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:

(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:

(f) Not Applicable.

(g) The aggregate non-audit fees and services billed by Cohen for the fiscal years 2026 and 2025 were $32,250 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, 2026

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 (SPUBX)

Symmetry Panoramic Municipal Fixed Income Fund (SPMFX)

Symmetry Panoramic Global Systematic Fixed Income Fund (SPGBX)

Symmetry Panoramic Alternatives Fund (SPATX)

Symmetry Panoramic Sector Momentum ETF (SMOM)

SYMMETRY PANORAMIC TRUST

AUGUST 31, 2026

TABLE OF CONTENTS

SYMMETRY PANORAMIC US EQUITY FUND

AUGUST 31, 2026

SCHEDULE OF INVESTMENTS

COMMON STOCK — 67.3%            

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

1 

SYMMETRY PANORAMIC US EQUITY FUND

AUGUST 31, 2026

COMMON STOCK — continued

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

2 

SYMMETRY PANORAMIC US EQUITY FUND

AUGUST 31, 2026

COMMON STOCK — continued

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

3 

SYMMETRY PANORAMIC US EQUITY FUND

AUGUST 31, 2026

COMMON STOCK — continued

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

4 

SYMMETRY PANORAMIC US EQUITY FUND

AUGUST 31, 2026

COMMON STOCK — continued

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

5 

SYMMETRY PANORAMIC US EQUITY FUND

AUGUST 31, 2026

COMMON STOCK — continued

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

6 

SYMMETRY PANORAMIC US EQUITY FUND

AUGUST 31, 2026

COMMON STOCK — continued

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

7 

SYMMETRY PANORAMIC US EQUITY FUND

AUGUST 31, 2026

COMMON STOCK — continued

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

8 

SYMMETRY PANORAMIC US EQUITY FUND

AUGUST 31, 2026

COMMON STOCK — continued

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

9 

SYMMETRY PANORAMIC US EQUITY FUND

AUGUST 31, 2026

COMMON STOCK — continued