| Item | Value |
|---|---|
| Ticker (pseudo) | FCHI |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | ChEQ factor (Industrials only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2021-07-14 |
| Number of holdings (long leg) | 73 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | November 2026 |
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | GE | GE AEROSPACE | Industrials | 29.99% | $29,990,717 | HYP-GE |
| 2 | ADP | AUTOMATIC DATA PROCESSING INC | Industrials | 10.66% | $10,662,638 | HYP-ADP |
| 3 | MMM | 3M CO | Industrials | 8.44% | $8,441,713 | HYP-MMM |
| 4 | UPS | UNITED PARCEL SERVICE INC | Industrials | 8.24% | $8,244,301 | HYP-UPS |
| 5 | ROK | ROCKWELL AUTOMATION INC | Industrials | 3.94% | $3,937,352 | HYP-ROK |
| 6 | CARR | CARRIER GLOBAL CORP | Industrials | 3.90% | $3,902,045 | HYP-CARR |
| 7 | PAYX | PAYCHEX INC | Industrials | 3.60% | $3,596,642 | HYP-PAYX |
| 8 | CPRT | COPART INC | Industrials | 2.60% | $2,599,811 | HYP-CPRT |
| 9 | LUV | SOUTHWEST AIRLINES CO | Industrials | 1.94% | $1,942,514 | HYP-LUV |
| 10 | EFX | EQUIFAX INC | Industrials | 1.92% | $1,917,233 | HYP-EFX |
| 11 | XYL | XYLEM INC | Industrials | 1.89% | $1,891,602 | HYP-XYL |
| 12 | WWD | WOODWARD INC | Industrials | 1.72% | $1,719,058 | HYP-WWD |
| 13 | J | JACOBS SOLUTIONS INC | Industrials | 1.63% | $1,629,199 | HYP-J |
| 14 | RBA | RB GLOBAL INC | Industrials | 1.50% | $1,499,059 | HYP-RBA |
| 15 | CHRW | C H ROBINSON WORLDWIDE INC | Industrials | 1.37% | $1,366,787 | HYP-CHRW |
| 16 | CSL | CARLISLE COMPANIES INC | Industrials | 1.33% | $1,330,936 | HYP-CSL |
| 17 | GGG | GRACO INC | Industrials | 1.02% | $1,019,086 | HYP-GGG |
| 18 | R | RYDER SYSTEM INC | Industrials | 0.94% | $935,490 | HYP-R |
| 19 | TTC | TORO CO | Industrials | 0.89% | $887,262 | HYP-TTC |
| 20 | WMS | ADVANCED DRAINAGE SYSTEMS INC | Industrials | 0.80% | $799,884 | HYP-WMS |
| 21 | OC | OWENS CORNING | Industrials | 0.80% | $795,156 | HYP-OC |
| 22 | ACM | AECOM | Industrials | 0.79% | $791,481 | HYP-ACM |
| 23 | AGCO | AGCO CORP | Industrials | 0.67% | $673,964 | HYP-AGCO |
| 24 | POOL | POOL CORP | Industrials | 0.67% | $671,323 | HYP-POOL |
| 25 | BLDR | BUILDERS FIRSTSOURCE INC | Industrials | 0.57% | $567,481 | HYP-BLDR |
| 26 | FLR | FLUOR CORP | Industrials | 0.56% | $556,815 | HYP-FLR |
| 27 | MIDD | MIDDLEBY CORP | Industrials | 0.54% | $537,271 | HYP-MIDD |
| 28 | HXL | HEXCEL CORP | Industrials | 0.53% | $530,639 | HYP-HXL |
| 29 | FBIN | FORTUNE BRANDS INNOVATIONS INC | Industrials | 0.49% | $494,587 | HYP-FBIN |
| 30 | GVA | GRANITE CONSTRUCTION INC | Industrials | 0.49% | $486,710 | HYP-GVA |
| 31 | FCN | FTI CONSULTING INC | Industrials | 0.47% | $474,841 | HYP-FCN |
| 32 | LSTR | LANDSTAR SYSTEM INC | Industrials | 0.44% | $437,683 | HYP-LSTR |
| 33 | RXO | RXO INC | Industrials | 0.41% | $409,482 | HYP-RXO |
| 34 | ALK | ALASKA AIR GROUP INC | Industrials | 0.39% | $386,306 | HYP-ALK |
| 35 | RHI | ROBERT HALF INC | Industrials | 0.38% | $376,815 | HYP-RHI |
| 36 | EXPO | EXPONENT INC | Industrials | 0.36% | $359,648 | HYP-EXPO |
| 37 | PRIM | PRIMORIS SERVICES CORP | Industrials | 0.33% | $329,684 | HYP-PRIM |
| 38 | WSC | WILLSCOT HOLDINGS CORP | Industrials | 0.32% | $316,192 | HYP-WSC |
| 39 | REZI | RESIDEO TECHNOLOGIES INC | Industrials | 0.29% | $286,447 | HYP-REZI |
| 40 | HURN | HURON CONSULTING GROUP INC | Industrials | 0.23% | $231,421 | HYP-HURN |
| 41 | NSP | INSPERITY INC | Industrials | 0.17% | $166,552 | HYP-NSP |
| 42 | ULCC | FRONTIER GROUP HOLDINGS INC | Industrials | 0.16% | $155,631 | HYP-ULCC |
| 43 | VOYG | VOYAGER TECHNOLOGIES INC | Industrials | 0.15% | $151,377 | HYP-VOYG |
| 44 | TNC | TENNANT CO | Industrials | 0.11% | $111,947 | HYP-TNC |
| 45 | CRAI | CRA INTERNATIONAL INC | Industrials | 0.11% | $109,719 | HYP-CRAI |
| 46 | TH | TARGET HOSPITALITY CORP | Industrials | 0.10% | $102,912 | HYP-TH |
| 47 | LNN | LINDSAY CORP | Industrials | 0.10% | $96,395 | HYP-LNN |
| 48 | CYRX | CRYOPORT INC | Industrials | 0.09% | $89,395 | HYP-CYRX |
| 49 | BV | BRIGHTVIEW HOLDINGS INC | Industrials | 0.08% | $82,000 | HYP-BV |
| 50 | ROCK | GIBRALTAR INDUSTRIES INC | Industrials | 0.08% | $80,509 | HYP-ROCK |
| 51 | CODI | COMPASS DIVERSIFIED HOLDINGS | Industrials | 0.08% | $77,877 | HYP-CODI |
| 52 | KODK | EASTMAN KODAK CO | Industrials | 0.07% | $73,149 | HYP-KODK |
| 53 | BBSI | BARRETT BUSINESS SERVICES INC | Industrials | 0.07% | $65,228 | HYP-BBSI |
| 54 | CASS | CASS INFORMATION SYSTEMS INC | Industrials | 0.06% | $62,105 | HYP-CASS |
| 55 | TITN | TITAN MACHINERY INC | Industrials | 0.05% | $48,263 | HYP-TITN |
| 56 | HY | HYSTER-YALE INC | Industrials | 0.04% | $43,947 | HYP-HY |
| 57 | ASPN | ASPEN AEROGELS INC | Industrials | 0.04% | $43,675 | HYP-ASPN |
| 58 | KELYA | KELLY SERVICES INC | Industrials | 0.04% | $42,175 | HYP-KELYA |
| 59 | WNC | WABASH NATIONAL CORP | Industrials | 0.04% | $41,851 | HYP-WNC |
| 60 | LXFR | LUXFER HOLDINGS PLC | Industrials | 0.04% | $40,702 | HYP-LXFR |
| 61 | TBI | TRUEBLUE INC | Industrials | 0.03% | $33,026 | HYP-TBI |
| 62 | CVEO | CIVEO CORP | Industrials | 0.03% | $32,939 | HYP-CVEO |
| 63 | SPIR | SPIRE GLOBAL INC | Industrials | 0.03% | $32,912 | HYP-SPIR |
| 64 | ERII | ENERGY RECOVERY INC | Industrials | 0.03% | $31,930 | HYP-ERII |
| 65 | TWI | TITAN INTERNATIONAL INC | Industrials | 0.03% | $29,184 | HYP-TWI |
| 66 | PAMT | PAMT CORP | Industrials | 0.03% | $26,140 | HYP-PAMT |
| 67 | SMHI | SEACOR MARINE HOLDINGS INC | Industrials | 0.02% | $20,789 | HYP-SMHI |
| 68 | OFLX | OMEGA FLEX INC | Industrials | 0.02% | $20,763 | HYP-OFLX |
| 69 | FC | FRANKLIN COVEY CO | Industrials | 0.01% | $14,693 | HYP-FC |
| 70 | FORR | FORRESTER RESEARCH INC | Industrials | 0.01% | $14,570 | HYP-FORR |
| 71 | AP | AMPCO PITTSBURGH CORP | Industrials | 0.01% | $13,903 | HYP-AP |
| 72 | HURC | HURCO COMPANIES INC | Industrials | 0.01% | $11,842 | HYP-HURC |
| 73 | TPCS | TECHPRECISION CORP | Industrials | 0.00% | $4,623 | HYP-TPCS |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.