| Item | Value |
|---|---|
| Ticker (pseudo) | FPRE |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | Price factor (Energy only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2021-09-11 |
| 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 | RIG | TRANSOCEAN LTD | Energy | 15.16% | $15,157,738 | HYP-RIG |
| 2 | CRGY | CRESCENT ENERGY CO | Energy | 12.98% | $12,975,146 | HYP-CRGY |
| 3 | PTEN | PATTERSON UTI ENERGY INC | Energy | 10.33% | $10,327,261 | HYP-PTEN |
| 4 | UEC | URANIUM ENERGY CORP | Energy | 8.60% | $8,596,698 | HYP-UEC |
| 5 | LBRT | LIBERTY ENERGY INC | Energy | 5.38% | $5,378,421 | HYP-LBRT |
| 6 | UUUU | ENERGY FUELS INC | Energy | 4.51% | $4,512,884 | HYP-UUUU |
| 7 | NEXT | NEXTDECADE CORP | Energy | 4.47% | $4,470,793 | HYP-NEXT |
| 8 | GEL | GENESIS ENERGY LP | Energy | 3.94% | $3,943,767 | HYP-GEL |
| 9 | MNR | MACH NATURAL RESOURCES LP | Energy | 3.92% | $3,920,808 | HYP-MNR |
| 10 | XPRO | EXPRO GROUP HOLDINGS NV | Energy | 3.80% | $3,800,914 | HYP-XPRO |
| 11 | RES | RPC INC | Energy | 3.18% | $3,176,441 | HYP-RES |
| 12 | HOS | HORNBECK OFFSHORE SERVICES INC | Energy | 3.15% | $3,153,993 | HYP-HOS |
| 13 | HPK | HIGHPEAK ENERGY INC | Energy | 2.69% | $2,688,955 | HYP-HPK |
| 14 | TTI | TETRA TECHNOLOGIES INC | Energy | 2.41% | $2,411,922 | HYP-TTI |
| 15 | PUMP | PROPETRO HOLDING CORP | Energy | 2.32% | $2,316,262 | HYP-PUMP |
| 16 | GRNT | GRANITE RIDGE RESOURCES INC | Energy | 2.18% | $2,184,633 | HYP-GRNT |
| 17 | AESI | ATLAS ENERGY SOLUTIONS INC | Energy | 1.76% | $1,757,349 | HYP-AESI |
| 18 | EGY | VAALCO ENERGY INC | Energy | 1.48% | $1,483,887 | HYP-EGY |
| 19 | HMH | HMH HOLDING INC | Energy | 1.41% | $1,409,399 | HYP-HMH |
| 20 | OIS | OIL STATES INTERNATIONAL INC | Energy | 1.30% | $1,304,555 | HYP-OIS |
| 21 | CLB | CORE LABORATORIES INC | Energy | 1.05% | $1,053,287 | HYP-CLB |
| 22 | GTE | GRAN TIERRA ENERGY INC | Energy | 0.87% | $865,537 | HYP-GTE |
| 23 | FTW | PRESIDIO PRODUCTION CO | Energy | 0.82% | $816,559 | HYP-FTW |
| 24 | RNGR | RANGER ENERGY SERVICES INC | Energy | 0.76% | $757,632 | HYP-RNGR |
| 25 | PED | PEDEVCO CORP | Energy | 0.44% | $442,335 | HYP-PED |
| 26 | EPSN | EPSILON ENERGY LTD | Energy | 0.42% | $419,376 | HYP-EPSN |
| 27 | BOOM | DMC GLOBAL INC | Energy | 0.42% | $418,611 | HYP-BOOM |
| 28 | NINE | NINE ENERGY SERVICE INC | Energy | 0.25% | $254,840 | HYP-NINE |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.