| Item | Value |
|---|---|
| Ticker (pseudo) | FEPE |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | Earnings Yield factor (Energy only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2022-02-13 |
| Number of holdings (long leg) | 22 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | November 2026 |
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | MPC | MARATHON PETROLEUM CORP | Energy | 20.75% | $20,751,365 | HYP-MPC |
| 2 | VLO | VALERO ENERGY CORP | Energy | 19.30% | $19,303,351 | HYP-VLO |
| 3 | PSX | PHILLIPS 66 | Energy | 18.93% | $18,931,601 | HYP-PSX |
| 4 | OXY | OCCIDENTAL PETROLEUM CORP | Energy | 10.78% | $10,779,600 | HYP-OXY |
| 5 | VG | VENTURE GLOBAL INC | Energy | 6.16% | $6,162,735 | HYP-VG |
| 6 | EXE | EXPAND ENERGY CORP | Energy | 3.74% | $3,743,367 | HYP-EXE |
| 7 | DINO | HF SINCLAIR CORP | Energy | 3.23% | $3,231,559 | HYP-DINO |
| 8 | PAA | PLAINS ALL AMERICAN PIPELINE LP | Energy | 3.18% | $3,176,991 | HYP-PAA |
| 9 | APA | APA CORP | Energy | 2.95% | $2,954,011 | HYP-APA |
| 10 | AR | ANTERO RESOURCES CORP | Energy | 2.19% | $2,194,764 | HYP-AR |
| 11 | PBF | PBF ENERGY INC | Energy | 1.59% | $1,589,271 | HYP-PBF |
| 12 | SM | SM ENERGY CO | Energy | 1.42% | $1,421,727 | HYP-SM |
| 13 | VAL | VALARIS LTD | Energy | 1.03% | $1,033,362 | HYP-VAL |
| 14 | INSW | INTERNATIONAL SEAWAYS INC | Energy | 0.99% | $988,246 | HYP-INSW |
| 15 | CNX | CNX RESOURCES CORP | Energy | 0.96% | $959,946 | HYP-CNX |
| 16 | DK | DELEK US HOLDINGS INC | Energy | 0.77% | $765,468 | HYP-DK |
| 17 | PARR | PAR PACIFIC HOLDINGS INC | Energy | 0.67% | $665,857 | HYP-PARR |
| 18 | GPOR | GULFPORT ENERGY CORP | Energy | 0.52% | $524,896 | HYP-GPOR |
| 19 | LPG | DORIAN LPG LTD | Energy | 0.38% | $379,098 | HYP-LPG |
| 20 | GLP | GLOBAL PARTNERS LP | Energy | 0.27% | $272,804 | HYP-GLP |
| 21 | SD | SANDRIDGE ENERGY INC | Energy | 0.09% | $90,141 | HYP-SD |
| 22 | SGU | STAR GROUP LP | Energy | 0.08% | $79,840 | HYP-SGU |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.