| Item | Value |
|---|---|
| Ticker (pseudo) | FDEE |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | DelEqu factor (Energy only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2020-09-26 |
| 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 | NE | NOBLE CORP PLC | Energy | 10.74% | $10,741,767 | HYP-NE |
| 2 | NOV | NOV INC | Energy | 10.03% | $10,026,798 | HYP-NOV |
| 3 | CRC | CALIFORNIA RESOURCES CORP | Energy | 6.68% | $6,678,212 | HYP-CRC |
| 4 | CNR | CORE NATURAL RESOURCES INC | Energy | 6.58% | $6,575,509 | HYP-CNR |
| 5 | PTEN | PATTERSON UTI ENERGY INC | Energy | 6.40% | $6,396,648 | HYP-PTEN |
| 6 | HESM | HESS MIDSTREAM LP | Energy | 6.20% | $6,201,670 | HYP-HESM |
| 7 | HP | HELMERICH & PAYNE INC | Energy | 5.86% | $5,863,067 | HYP-HP |
| 8 | CLMT | CALUMET INC | Energy | 5.07% | $5,073,519 | HYP-CLMT |
| 9 | BSM | BLACK STONE MINERALS LP | Energy | 5.06% | $5,055,665 | HYP-BSM |
| 10 | TALO | TALOS ENERGY INC | Energy | 4.19% | $4,186,167 | HYP-TALO |
| 11 | NOG | NORTHERN OIL & GAS INC | Energy | 4.14% | $4,139,556 | HYP-NOG |
| 12 | BTU | PEABODY ENERGY CORP | Energy | 3.35% | $3,353,326 | HYP-BTU |
| 13 | LBRT | LIBERTY ENERGY INC | Energy | 3.33% | $3,331,364 | HYP-LBRT |
| 14 | NGL | NGL ENERGY PARTNERS LP | Energy | 3.08% | $3,082,349 | HYP-NGL |
| 15 | WKC | WORLD KINECT CORP | Energy | 2.81% | $2,811,845 | HYP-WKC |
| 16 | MNR | MACH NATURAL RESOURCES LP | Energy | 2.43% | $2,428,527 | HYP-MNR |
| 17 | DMLP | DORCHESTER MINERALS LP | Energy | 2.26% | $2,263,728 | HYP-DMLP |
| 18 | RES | RPC INC | Energy | 1.97% | $1,967,470 | HYP-RES |
| 19 | HPK | HIGHPEAK ENERGY INC | Energy | 1.67% | $1,665,524 | HYP-HPK |
| 20 | GRNT | GRANITE RIDGE RESOURCES INC | Energy | 1.35% | $1,353,149 | HYP-GRNT |
| 21 | TXO | TXO PARTNERS LP | Energy | 1.23% | $1,227,378 | HYP-TXO |
| 22 | CAPL | CROSSAMERICA PARTNERS LP | Energy | 1.20% | $1,198,463 | HYP-CAPL |
| 23 | AESI | ATLAS ENERGY SOLUTIONS INC | Energy | 1.09% | $1,088,492 | HYP-AESI |
| 24 | VTS | VITESSE ENERGY INC | Energy | 1.03% | $1,026,554 | HYP-VTS |
| 25 | EGY | VAALCO ENERGY INC | Energy | 0.92% | $919,111 | HYP-EGY |
| 26 | OIS | OIL STATES INTERNATIONAL INC | Energy | 0.81% | $808,034 | HYP-OIS |
| 27 | GTE | GRAN TIERRA ENERGY INC | Energy | 0.54% | $536,109 | HYP-GTE |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.