| Item | Value |
|---|---|
| Ticker (pseudo) | FCFE |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | Cash-Flow Yield factor (Energy only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2020-09-15 |
| Number of holdings (long leg) | 27 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | November 2026 |
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | OXY | OCCIDENTAL PETROLEUM CORP | Energy | 31.24% | $31,236,373 | HYP-OXY |
| 2 | EXE | EXPAND ENERGY CORP | Energy | 10.85% | $10,847,268 | HYP-EXE |
| 3 | DINO | HF SINCLAIR CORP | Energy | 9.36% | $9,364,188 | HYP-DINO |
| 4 | APA | APA CORP | Energy | 8.56% | $8,559,928 | HYP-APA |
| 5 | PBF | PBF ENERGY INC | Energy | 4.61% | $4,605,279 | HYP-PBF |
| 6 | CHRD | CHORD ENERGY CORP | Energy | 4.18% | $4,183,437 | HYP-CHRD |
| 7 | SM | SM ENERGY CO | Energy | 4.12% | $4,119,780 | HYP-SM |
| 8 | MTDR | MATADOR RESOURCES CO | Energy | 3.50% | $3,495,790 | HYP-MTDR |
| 9 | MUR | MURPHY OIL CORP | Energy | 2.79% | $2,786,426 | HYP-MUR |
| 10 | CNX | CNX RESOURCES CORP | Energy | 2.78% | $2,781,665 | HYP-CNX |
| 11 | PAGP | PLAINS GP HOLDINGS LP | Energy | 2.77% | $2,771,073 | HYP-PAGP |
| 12 | CRGY | CRESCENT ENERGY CO | Energy | 2.72% | $2,720,844 | HYP-CRGY |
| 13 | DK | DELEK US HOLDINGS INC | Energy | 2.22% | $2,218,121 | HYP-DK |
| 14 | PARR | PAR PACIFIC HOLDINGS INC | Energy | 1.93% | $1,929,475 | HYP-PARR |
| 15 | GPOR | GULFPORT ENERGY CORP | Energy | 1.52% | $1,521,007 | HYP-GPOR |
| 16 | TALO | TALOS ENERGY INC | Energy | 1.42% | $1,417,231 | HYP-TALO |
| 17 | LPG | DORIAN LPG LTD | Energy | 1.10% | $1,098,523 | HYP-LPG |
| 18 | MNR | MACH NATURAL RESOURCES LP | Energy | 0.82% | $822,180 | HYP-MNR |
| 19 | GLP | GLOBAL PARTNERS LP | Energy | 0.79% | $790,513 | HYP-GLP |
| 20 | NBR | NABORS INDUSTRIES LTD | Energy | 0.68% | $676,520 | HYP-NBR |
| 21 | HPK | HIGHPEAK ENERGY INC | Energy | 0.56% | $563,865 | HYP-HPK |
| 22 | INR | INFINITY NATURAL RESOURCES INC | Energy | 0.45% | $447,518 | HYP-INR |
| 23 | SD | SANDRIDGE ENERGY INC | Energy | 0.26% | $261,204 | HYP-SD |
| 24 | SGU | STAR GROUP LP | Energy | 0.23% | $231,355 | HYP-SGU |
| 25 | SMC | SUMMIT MIDSTREAM CORP | Energy | 0.23% | $229,162 | HYP-SMC |
| 26 | PNRG | PRIMEENERGY RESOURCES CORP | Energy | 0.16% | $162,403 | HYP-PNRG |
| 27 | RNGR | RANGER ENERGY SERVICES INC | Energy | 0.16% | $158,873 | HYP-RNGR |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.