| Item | Value |
|---|---|
| Ticker (pseudo) | FAMI |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | AM factor (Industrials only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2019-12-18 |
| Number of holdings (long leg) | 82 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | November 2026 |
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | UAL | UNITED AIRLINES HOLDINGS INC | Industrials | 15.83% | $15,826,432 | HYP-UAL |
| 2 | GPN | GLOBAL PAYMENTS INC | Industrials | 10.22% | $10,218,994 | HYP-GPN |
| 3 | CNH | CNH INDUSTRIAL NV | Industrials | 8.43% | $8,428,912 | HYP-CNH |
| 4 | QXO | QXO INC | Industrials | 5.82% | $5,819,365 | HYP-QXO |
| 5 | UHAL | U-HAUL HOLDING CO | Industrials | 4.75% | $4,751,017 | HYP-UHAL |
| 6 | AAL | AMERICAN AIRLINES GROUP INC | Industrials | 3.86% | $3,861,755 | HYP-AAL |
| 7 | ADT | ADT INC | Industrials | 3.16% | $3,163,579 | HYP-ADT |
| 8 | GATX | GATX CORP | Industrials | 2.89% | $2,892,803 | HYP-GATX |
| 9 | BLDR | BUILDERS FIRSTSOURCE INC | Industrials | 2.83% | $2,832,684 | HYP-BLDR |
| 10 | GXO | GXO LOGISTICS INC | Industrials | 2.69% | $2,688,889 | HYP-GXO |
| 11 | HRI | HERC HOLDINGS INC | Industrials | 2.44% | $2,439,656 | HYP-HRI |
| 12 | AMTM | AMENTUM HOLDINGS INC | Industrials | 2.37% | $2,371,392 | HYP-AMTM |
| 13 | CAR | AVIS BUDGET GROUP INC | Industrials | 1.94% | $1,944,999 | HYP-CAR |
| 14 | ALK | ALASKA AIR GROUP INC | Industrials | 1.93% | $1,928,316 | HYP-ALK |
| 15 | MDU | MDU RESOURCES GROUP INC | Industrials | 1.83% | $1,826,819 | HYP-MDU |
| 16 | EQPT | EQUIPMENTSHARECOM INC | Industrials | 1.71% | $1,714,331 | HYP-EQPT |
| 17 | WSC | WILLSCOT HOLDINGS CORP | Industrials | 1.58% | $1,578,330 | HYP-WSC |
| 18 | SEB | SEABOARD CORP | Industrials | 1.55% | $1,552,934 | HYP-SEB |
| 19 | ABM | ABM INDUSTRIES INC | Industrials | 1.41% | $1,405,680 | HYP-ABM |
| 20 | SKYW | SKYWEST INC | Industrials | 1.37% | $1,373,935 | HYP-SKYW |
| 21 | ALGT | ALLEGIANT TRAVEL CO | Industrials | 1.11% | $1,106,136 | HYP-ALGT |
| 22 | TRN | TRINITY INDUSTRIES INC | Industrials | 1.03% | $1,033,231 | HYP-TRN |
| 23 | TIC | TIC SOLUTIONS INC | Industrials | 1.02% | $1,016,680 | HYP-TIC |
| 24 | MAN | MANPOWERGROUP INC | Industrials | 0.94% | $937,733 | HYP-MAN |
| 25 | KMT | KENNAMETAL INC | Industrials | 0.82% | $818,327 | HYP-KMT |
| 26 | ULCC | FRONTIER GROUP HOLDINGS INC | Industrials | 0.78% | $776,861 | HYP-ULCC |
| 27 | WERN | WERNER ENTERPRISES INC | Industrials | 0.73% | $728,783 | HYP-WERN |
| 28 | ENR | ENERGIZER HOLDINGS INC | Industrials | 0.72% | $724,755 | HYP-ENR |
| 29 | RYZ | RYERSON HOLDING CORP | Industrials | 0.68% | $683,333 | HYP-RYZ |
| 30 | HLMN | HILLMAN SOLUTIONS CORP | Industrials | 0.67% | $671,554 | HYP-HLMN |
| 31 | HUBG | HUB GROUP INC | Industrials | 0.65% | $653,646 | HYP-HUBG |
| 32 | AMRC | AMERESCO INC | Industrials | 0.60% | $602,109 | HYP-AMRC |
| 33 | GBX | GREENBRIER COMPANIES INC | Industrials | 0.57% | $568,875 | HYP-GBX |
| 34 | RHLD | RESOLUTE HOLDINGS MANAGEMENT INC | Industrials | 0.53% | $533,977 | HYP-RHLD |
| 35 | WLFC | WILLIS LEASE FINANCE CORP | Industrials | 0.43% | $429,502 | HYP-WLFC |
| 36 | RJET | REPUBLIC AIRWAYS HOLDINGS INC | Industrials | 0.42% | $416,147 | HYP-RJET |
| 37 | BV | BRIGHTVIEW HOLDINGS INC | Industrials | 0.41% | $409,317 | HYP-BV |
| 38 | ROCK | GIBRALTAR INDUSTRIES INC | Industrials | 0.40% | $401,873 | HYP-ROCK |
| 39 | YSS | YORK SPACE SYSTEMS INC | Industrials | 0.40% | $396,969 | HYP-YSS |
| 40 | CODI | COMPASS DIVERSIFIED HOLDINGS | Industrials | 0.39% | $388,737 | HYP-CODI |
| 41 | NX | QUANEX BUILDING PRODUCTS CORP | Industrials | 0.39% | $388,080 | HYP-NX |
| 42 | MTW | MANITOWOC CO INC | Industrials | 0.39% | $385,453 | HYP-MTW |
| 43 | KODK | EASTMAN KODAK CO | Industrials | 0.37% | $365,136 | HYP-KODK |
| 44 | AEBI | AEBI SCHMIDT HOLDING AG | Industrials | 0.35% | $347,972 | HYP-AEBI |
| 45 | ULH | UNIVERSAL LOGISTICS HOLDINGS INC | Industrials | 0.34% | $343,024 | HYP-ULH |
| 46 | CASS | CASS INFORMATION SYSTEMS INC | Industrials | 0.31% | $310,009 | HYP-CASS |
| 47 | NVRI | ENVIRI CORP | Industrials | 0.30% | $299,369 | HYP-NVRI |
| 48 | PKOH | PARK OHIO HOLDINGS CORP | Industrials | 0.30% | $297,267 | HYP-PKOH |
| 49 | ITG | ITG INC | Industrials | 0.29% | $288,116 | HYP-ITG |
| 50 | PANL | PANGAEA LOGISTICS SOLUTIONS LTD | Industrials | 0.27% | $271,214 | HYP-PANL |
| 51 | CMCO | COLUMBUS MCKINNON CORP | Industrials | 0.27% | $267,886 | HYP-CMCO |
| 52 | MATW | MATTHEWS INTERNATIONAL CORP | Industrials | 0.26% | $258,166 | HYP-MATW |
| 53 | FWRD | FORWARD AIR CORP | Industrials | 0.25% | $253,612 | HYP-FWRD |
| 54 | TITN | TITAN MACHINERY INC | Industrials | 0.24% | $240,914 | HYP-TITN |
| 55 | BBCP | CONCRETE PUMPING HOLDINGS INC | Industrials | 0.23% | $226,595 | HYP-BBCP |
| 56 | HY | HYSTER-YALE INC | Industrials | 0.22% | $219,371 | HYP-HY |
| 57 | BXC | BLUELINX HOLDINGS INC | Industrials | 0.22% | $216,349 | HYP-BXC |
| 58 | ACCO | ACCO BRANDS CORP | Industrials | 0.22% | $216,306 | HYP-ACCO |
| 59 | KE | KIMBALL ELECTRONICS INC | Industrials | 0.21% | $211,007 | HYP-KE |
| 60 | KELYA | KELLY SERVICES INC | Industrials | 0.21% | $210,526 | HYP-KELYA |
| 61 | WNC | WABASH NATIONAL CORP | Industrials | 0.21% | $208,906 | HYP-WNC |
| 62 | EROC | EROCK INC | Industrials | 0.18% | $175,934 | HYP-EROC |
| 63 | QUAD | QUAD/GRAPHICS INC | Industrials | 0.17% | $168,097 | HYP-QUAD |
| 64 | TBI | TRUEBLUE INC | Industrials | 0.16% | $164,856 | HYP-TBI |
| 65 | MEC | MAYVILLE ENGINEERING COMPANY INC | Industrials | 0.16% | $156,230 | HYP-MEC |
| 66 | TWI | TITAN INTERNATIONAL INC | Industrials | 0.15% | $145,678 | HYP-TWI |
| 67 | ORN | ORION GROUP HOLDINGS INC | Industrials | 0.14% | $136,176 | HYP-ORN |
| 68 | EAF | GRAFTECH INTERNATIONAL LTD | Industrials | 0.13% | $130,484 | HYP-EAF |
| 69 | PAMT | PAMT CORP | Industrials | 0.13% | $130,484 | HYP-PAMT |
| 70 | CDNL | CARDINAL INFRASTRUCTURE GROUP INC | Industrials | 0.12% | $117,217 | HYP-CDNL |
| 71 | MTRX | MATRIX SERVICE CO | Industrials | 0.11% | $113,845 | HYP-MTRX |
| 72 | ASLE | AERSALE CORP | Industrials | 0.11% | $107,408 | HYP-ASLE |
| 73 | SMHI | SEACOR MARINE HOLDINGS INC | Industrials | 0.10% | $103,774 | HYP-SMHI |
| 74 | TG | TREDEGAR CORP | Industrials | 0.09% | $86,741 | HYP-TG |
| 75 | ALTG | ALTA EQUIPMENT GROUP INC | Industrials | 0.08% | $81,355 | HYP-ALTG |
| 76 | AIRO | AIRO GROUP HOLDINGS INC | Industrials | 0.08% | $77,108 | HYP-AIRO |
| 77 | RAIL | FREIGHTCAR AMERICA INC | Industrials | 0.08% | $76,408 | HYP-RAIL |
| 78 | FORR | FORRESTER RESEARCH INC | Industrials | 0.07% | $72,729 | HYP-FORR |
| 79 | AP | AMPCO PITTSBURGH CORP | Industrials | 0.07% | $69,402 | HYP-AP |
| 80 | HURC | HURCO COMPANIES INC | Industrials | 0.06% | $59,112 | HYP-HURC |
| 81 | TISI | TEAM INC | Industrials | 0.05% | $46,852 | HYP-TISI |
| 82 | AIRT | AIR T INC | Industrials | 0.04% | $35,467 | HYP-AIRT |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.