| Item | Value |
|---|---|
| Ticker (pseudo) | FACF |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | Earnings Quality (Accruals) factor (Financial Services only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2021-12-02 |
| Number of holdings (long leg) | 34 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | November 2026 |
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | MA | MASTERCARD INC | Financial Services | 55.02% | $55,016,803 | HYP-MA |
| 2 | SPGI | S&P GLOBAL INC | Financial Services | 13.14% | $13,143,447 | HYP-SPGI |
| 3 | MCO | MOODYS CORP | Financial Services | 8.45% | $8,451,042 | HYP-MCO |
| 4 | HOOD | ROBINHOOD MARKETS INC | Financial Services | 7.09% | $7,088,913 | HYP-HOOD |
| 5 | MSCI | MSCI INC | Financial Services | 4.51% | $4,507,854 | HYP-MSCI |
| 6 | COIN | COINBASE GLOBAL INC | Financial Services | 3.35% | $3,347,925 | HYP-COIN |
| 7 | FDS | FACTSET RESEARCH SYSTEMS INC | Financial Services | 1.13% | $1,131,700 | HYP-FDS |
| 8 | EVR | EVERCORE INC | Financial Services | 1.09% | $1,085,492 | HYP-EVR |
| 9 | MORN | MORNINGSTAR INC | Financial Services | 0.88% | $883,571 | HYP-MORN |
| 10 | FCFS | FIRSTCASH HOLDINGS INC | Financial Services | 0.75% | $754,015 | HYP-FCFS |
| 11 | RIOT | RIOT PLATFORMS INC | Financial Services | 0.65% | $647,345 | HYP-RIOT |
| 12 | WULF | TERAWULF INC | Financial Services | 0.63% | $632,859 | HYP-WULF |
| 13 | APLD | APPLIED DIGITAL CORP | Financial Services | 0.50% | $495,996 | HYP-APLD |
| 14 | BWIN | BALDWIN INSURANCE GROUP INC | Financial Services | 0.44% | $435,767 | HYP-BWIN |
| 15 | CRVL | CORVEL CORP | Financial Services | 0.42% | $421,425 | HYP-CRVL |
| 16 | NP | NEPTUNE INSURANCE HOLDINGS INC | Financial Services | 0.38% | $381,740 | HYP-NP |
| 17 | WT | WISDOMTREE INC | Financial Services | 0.32% | $316,110 | HYP-WT |
| 18 | MARA | MARA HOLDINGS INC | Financial Services | 0.27% | $269,922 | HYP-MARA |
| 19 | CLSK | CLEANSPARK INC | Financial Services | 0.17% | $169,987 | HYP-CLSK |
| 20 | DFIN | DONNELLEY FINANCIAL SOLUTIONS INC | Financial Services | 0.16% | $161,713 | HYP-DFIN |
| 21 | TWFG | TWFG INC | Financial Services | 0.14% | $139,833 | HYP-TWFG |
| 22 | GOLD | GOLDCOM INC | Financial Services | 0.10% | $102,702 | HYP-GOLD |
| 23 | ABX | ABACUS GLOBAL MANAGEMENT INC | Financial Services | 0.08% | $83,087 | HYP-ABX |
| 24 | GDOT | GREEN DOT CORP | Financial Services | 0.06% | $63,665 | HYP-GDOT |
| 25 | CRD.A | CRAWFORD & CO | Financial Services | 0.06% | $55,343 | HYP-CRD.A |
| 26 | ABTC | AMERICAN BITCOIN CORP | Financial Services | 0.04% | $35,592 | HYP-ABTC |
| 27 | RTAC | RENATUS TACTICAL ACQUISITION CORP I | Financial Services | 0.03% | $31,605 | HYP-RTAC |
| 28 | PMTS | CPI CARD GROUP INC | Financial Services | 0.03% | $28,325 | HYP-PMTS |
| 29 | CUB | LIONHEART HOLDINGS | Financial Services | 0.03% | $27,744 | HYP-CUB |
| 30 | CEPO | CANTOR EQUITY PARTNERS I INC | Financial Services | 0.03% | $26,680 | HYP-CEPO |
| 31 | GTERA | GLOBA TERRA ACQUISITION CORP | Financial Services | 0.02% | $24,105 | HYP-GTERA |
| 32 | SOCA | SOLARIUS CAPITAL ACQUISITION CORP | Financial Services | 0.02% | $23,728 | HYP-SOCA |
| 33 | SIMA | SIM ACQUISITION CORP I | Financial Services | 0.01% | $8,729 | HYP-SIMA |
| 34 | IBAC | IB ACQUISITION CORP | Financial Services | 0.01% | $5,235 | HYP-IBAC |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.