| Item | Value |
|---|---|
| Ticker (pseudo) | FACI |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | Earnings Quality (Accruals) factor (Industrials only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2021-03-22 |
| Number of holdings (long leg) | 74 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | November 2026 |
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | BA | BOEING CO | Industrials | 14.14% | $14,141,640 | HYP-BA |
| 2 | ADP | AUTOMATIC DATA PROCESSING INC | Industrials | 12.64% | $12,644,670 | HYP-ADP |
| 3 | MMM | 3M CO | Industrials | 10.01% | $10,010,906 | HYP-MMM |
| 4 | PWR | QUANTA SERVICES INC | Industrials | 9.50% | $9,501,059 | HYP-PWR |
| 5 | VRT | VERTIV HOLDINGS CO | Industrials | 8.40% | $8,397,314 | HYP-VRT |
| 6 | HON | HONEYWELL INTERNATIONAL INC | Industrials | 7.38% | $7,376,799 | HYP-HON |
| 7 | URI | UNITED RENTALS INC | Industrials | 7.34% | $7,337,051 | HYP-URI |
| 8 | FIX | COMFORT SYSTEMS USA INC | Industrials | 4.11% | $4,105,570 | HYP-FIX |
| 9 | VRSK | VERISK ANALYTICS INC | Industrials | 2.75% | $2,753,341 | HYP-VRSK |
| 10 | GPN | GLOBAL PAYMENTS INC | Industrials | 2.43% | $2,427,753 | HYP-GPN |
| 11 | JBHT | HUNT J B TRANSPORT SERVICES INC | Industrials | 2.21% | $2,207,637 | HYP-JBHT |
| 12 | SWK | STANLEY BLACK & DECKER INC | Industrials | 1.75% | $1,748,200 | HYP-SWK |
| 13 | ULS | UL SOLUTIONS INC | Industrials | 1.71% | $1,712,790 | HYP-ULS |
| 14 | R | RYDER SYSTEM INC | Industrials | 1.11% | $1,109,384 | HYP-R |
| 15 | TTC | TORO CO | Industrials | 1.05% | $1,052,191 | HYP-TTC |
| 16 | KNX | KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC | Industrials | 1.05% | $1,045,606 | HYP-KNX |
| 17 | OC | OWENS CORNING | Industrials | 0.94% | $942,965 | HYP-OC |
| 18 | SAIA | SAIA INC | Industrials | 0.92% | $918,550 | HYP-SAIA |
| 19 | ADT | ADT INC | Industrials | 0.75% | $751,580 | HYP-ADT |
| 20 | CWST | CASELLA WASTE SYSTEMS INC | Industrials | 0.66% | $663,980 | HYP-CWST |
| 21 | HRI | HERC HOLDINGS INC | Industrials | 0.58% | $579,595 | HYP-HRI |
| 22 | GVA | GRANITE CONSTRUCTION INC | Industrials | 0.58% | $577,182 | HYP-GVA |
| 23 | ENS | ENERSYS | Industrials | 0.55% | $554,494 | HYP-ENS |
| 24 | TPC | TUTOR PERINI CORP | Industrials | 0.55% | $548,658 | HYP-TPC |
| 25 | SNDR | SCHNEIDER NATIONAL INC | Industrials | 0.53% | $528,145 | HYP-SNDR |
| 26 | GFF | GRIFFON CORP | Industrials | 0.49% | $493,983 | HYP-GFF |
| 27 | CAR | AVIS BUDGET GROUP INC | Industrials | 0.46% | $462,078 | HYP-CAR |
| 28 | AGX | ARGAN INC | Industrials | 0.46% | $460,227 | HYP-AGX |
| 29 | ALK | ALASKA AIR GROUP INC | Industrials | 0.46% | $458,115 | HYP-ALK |
| 30 | FA | FIRST ADVANTAGE CORP | Industrials | 0.38% | $382,115 | HYP-FA |
| 31 | WSC | WILLSCOT HOLDINGS CORP | Industrials | 0.37% | $374,968 | HYP-WSC |
| 32 | REZI | RESIDEO TECHNOLOGIES INC | Industrials | 0.34% | $339,693 | HYP-REZI |
| 33 | ARCB | ARCBEST CORP | Industrials | 0.31% | $308,756 | HYP-ARCB |
| 34 | CTOS | CUSTOM TRUCK ONE SOURCE INC | Industrials | 0.24% | $244,354 | HYP-CTOS |
| 35 | TIC | TIC SOLUTIONS INC | Industrials | 0.24% | $241,535 | HYP-TIC |
| 36 | NSP | INSPERITY INC | Industrials | 0.20% | $197,512 | HYP-NSP |
| 37 | WERN | WERNER ENTERPRISES INC | Industrials | 0.17% | $173,139 | HYP-WERN |
| 38 | HLIO | HELIOS TECHNOLOGIES INC | Industrials | 0.16% | $162,019 | HYP-HLIO |
| 39 | HUBG | HUB GROUP INC | Industrials | 0.16% | $155,288 | HYP-HUBG |
| 40 | UPWK | UPWORK INC | Industrials | 0.13% | $129,012 | HYP-UPWK |
| 41 | TH | TARGET HOSPITALITY CORP | Industrials | 0.12% | $122,042 | HYP-TH |
| 42 | CYRX | CRYOPORT INC | Industrials | 0.11% | $106,012 | HYP-CYRX |
| 43 | MRTN | MARTEN TRANSPORT LTD | Industrials | 0.10% | $101,341 | HYP-MRTN |
| 44 | SWIM | LATHAM GROUP INC | Industrials | 0.10% | $100,322 | HYP-SWIM |
| 45 | PSIX | POWER SOLUTIONS INTERNATIONAL INC | Industrials | 0.09% | $94,579 | HYP-PSIX |
| 46 | CODI | COMPASS DIVERSIFIED HOLDINGS | Industrials | 0.09% | $92,353 | HYP-CODI |
| 47 | CVLG | COVENANT LOGISTICS GROUP INC | Industrials | 0.09% | $86,715 | HYP-CVLG |
| 48 | FCEL | FUELCELL ENERGY INC | Industrials | 0.09% | $85,248 | HYP-FCEL |
| 49 | HTLD | HEARTLAND EXPRESS INC | Industrials | 0.08% | $82,939 | HYP-HTLD |
| 50 | ULH | UNIVERSAL LOGISTICS HOLDINGS INC | Industrials | 0.08% | $81,493 | HYP-ULH |
| 51 | SWBI | SMITH & WESSON BRANDS INC | Industrials | 0.07% | $72,630 | HYP-SWBI |
| 52 | SBC | SBC MEDICAL GROUP HOLDINGS INC | Industrials | 0.06% | $57,130 | HYP-SBC |
| 53 | PKE | PARK AEROSPACE CORP | Industrials | 0.06% | $56,610 | HYP-PKE |
| 54 | EBF | ENNIS INC | Industrials | 0.06% | $55,934 | HYP-EBF |
| 55 | HY | HYSTER-YALE INC | Industrials | 0.05% | $52,116 | HYP-HY |
| 56 | ASPN | ASPEN AEROGELS INC | Industrials | 0.05% | $51,794 | HYP-ASPN |
| 57 | ZIP | ZIPRECRUITER INC | Industrials | 0.05% | $47,914 | HYP-ZIP |
| 58 | FSTR | FOSTER L B CO | Industrials | 0.05% | $47,196 | HYP-FSTR |
| 59 | QUAD | QUAD/GRAPHICS INC | Industrials | 0.04% | $39,935 | HYP-QUAD |
| 60 | CVEO | CIVEO CORP | Industrials | 0.04% | $39,061 | HYP-CVEO |
| 61 | SPIR | SPIRE GLOBAL INC | Industrials | 0.04% | $39,030 | HYP-SPIR |
| 62 | MEC | MAYVILLE ENGINEERING COMPANY INC | Industrials | 0.04% | $37,116 | HYP-MEC |
| 63 | PESI | PERMA FIX ENVIRONMENTAL SERVICES INC | Industrials | 0.03% | $34,401 | HYP-PESI |
| 64 | EAF | GRAFTECH INTERNATIONAL LTD | Industrials | 0.03% | $30,999 | HYP-EAF |
| 65 | PAMT | PAMT CORP | Industrials | 0.03% | $30,999 | HYP-PAMT |
| 66 | ASLE | AERSALE CORP | Industrials | 0.03% | $25,517 | HYP-ASLE |
| 67 | ALTG | ALTA EQUIPMENT GROUP INC | Industrials | 0.02% | $19,328 | HYP-ALTG |
| 68 | RAIL | FREIGHTCAR AMERICA INC | Industrials | 0.02% | $18,152 | HYP-RAIL |
| 69 | FC | FRANKLIN COVEY CO | Industrials | 0.02% | $17,424 | HYP-FC |
| 70 | AP | AMPCO PITTSBURGH CORP | Industrials | 0.02% | $16,488 | HYP-AP |
| 71 | HURC | HURCO COMPANIES INC | Industrials | 0.01% | $14,043 | HYP-HURC |
| 72 | TISI | TEAM INC | Industrials | 0.01% | $11,131 | HYP-TISI |
| 73 | APT | ALPHA PRO TECH LTD | Industrials | 0.01% | $6,668 | HYP-APT |
| 74 | TPCS | TECHPRECISION CORP | Industrials | 0.01% | $5,482 | HYP-TPCS |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.