| Item | Value |
|---|---|
| Ticker (pseudo) | FDOE |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | DolVol factor (Energy only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2020-04-08 |
| Number of holdings (long leg) | 28 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | November 2026 |
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | DKL | DELEK LOGISTICS PARTNERS LP | Energy | 12.88% | $12,880,613 | HYP-DKL |
| 2 | NGL | NGL ENERGY PARTNERS LP | Energy | 8.10% | $8,101,463 | HYP-NGL |
| 3 | NRP | NATURAL RESOURCE PARTNERS LP | Energy | 6.84% | $6,839,399 | HYP-NRP |
| 4 | GEL | GENESIS ENERGY LP | Energy | 6.42% | $6,420,372 | HYP-GEL |
| 5 | MNR | MACH NATURAL RESOURCES LP | Energy | 6.38% | $6,382,996 | HYP-MNR |
| 6 | GLP | GLOBAL PARTNERS LP | Energy | 6.14% | $6,137,145 | HYP-GLP |
| 7 | DMLP | DORCHESTER MINERALS LP | Energy | 5.95% | $5,949,850 | HYP-DMLP |
| 8 | PBT | PERMIAN BASIN ROYALTY TRUST | Energy | 5.87% | $5,868,868 | HYP-PBT |
| 9 | TBN | TAMBORAN RESOURCES CORP | Energy | 4.17% | $4,172,827 | HYP-TBN |
| 10 | FTK | FLOTEK INDUSTRIES INC | Energy | 3.89% | $3,892,091 | HYP-FTK |
| 11 | INR | INFINITY NATURAL RESOURCES INC | Energy | 3.47% | $3,474,310 | HYP-INR |
| 12 | TXO | TXO PARTNERS LP | Energy | 3.23% | $3,225,967 | HYP-TXO |
| 13 | CAPL | CROSSAMERICA PARTNERS LP | Energy | 3.15% | $3,149,969 | HYP-CAPL |
| 14 | WHK | WHITEHAWK MINERALS CORP | Energy | 2.93% | $2,929,451 | HYP-WHK |
| 15 | APC | ARKO PETROLEUM CORP | Energy | 2.90% | $2,898,304 | HYP-APC |
| 16 | EROK | EAGLEROCK LAND LLC | Energy | 2.29% | $2,288,659 | HYP-EROK |
| 17 | OIS | OIL STATES INTERNATIONAL INC | Energy | 2.12% | $2,123,789 | HYP-OIS |
| 18 | SD | SANDRIDGE ENERGY INC | Energy | 2.03% | $2,027,858 | HYP-SD |
| 19 | SGU | STAR GROUP LP | Energy | 1.80% | $1,796,126 | HYP-SGU |
| 20 | CLB | CORE LABORATORIES INC | Energy | 1.71% | $1,714,729 | HYP-CLB |
| 21 | NGS | NATURAL GAS SERVICES GROUP INC | Energy | 1.56% | $1,560,242 | HYP-NGS |
| 22 | FTW | PRESIDIO PRODUCTION CO | Energy | 1.33% | $1,329,341 | HYP-FTW |
| 23 | RNGR | RANGER ENERGY SERVICES INC | Energy | 1.23% | $1,233,409 | HYP-RNGR |
| 24 | NC | NACCO INDUSTRIES INC | Energy | 1.10% | $1,103,008 | HYP-NC |
| 25 | PED | PEDEVCO CORP | Energy | 0.72% | $720,112 | HYP-PED |
| 26 | EPSN | EPSILON ENERGY LTD | Energy | 0.68% | $682,736 | HYP-EPSN |
| 27 | BOOM | DMC GLOBAL INC | Energy | 0.68% | $681,490 | HYP-BOOM |
| 28 | NINE | NINE ENERGY SERVICE INC | Energy | 0.41% | $414,874 | HYP-NINE |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.