| Item | Value |
|---|---|
| Ticker (pseudo) | FRDR |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | RD factor (Industry-relative (FF48)) |
| Placeholder expense ratio | 0.35% |
| Placeholder inception date |
| 2020-10-21 |
| Number of holdings (long leg) | 97 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | November 2026 |
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | XOM | EXXONMOBIL HOLDINGS CORP | Energy | 33.37% | $33,369,406 | HYP-XOM |
| 2 | CVX | CHEVRON CORP | Energy | 20.49% | $20,487,889 | HYP-CVX |
| 3 | COP | CONOCOPHILLIPS | Energy | 7.98% | $7,978,828 | HYP-COP |
| 4 | EOG | EOG RESOURCES INC | Energy | 3.89% | $3,887,634 | HYP-EOG |
| 5 | SLB | SLB LIMITED | Energy | 3.62% | $3,620,620 | HYP-SLB |
| 6 | CMI | CUMMINS INC | Industrials | 3.01% | $3,007,774 | HYP-CMI |
| 7 | OXY | OCCIDENTAL PETROLEUM CORP | Energy | 2.81% | $2,813,533 | HYP-OXY |
| 8 | DVN | DEVON ENERGY CORP | Energy | 2.54% | $2,538,660 | HYP-DVN |
| 9 | WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | Industrials | 2.43% | $2,429,638 | HYP-WAB |
| 10 | COIN | COINBASE GLOBAL INC | Financial Services | 1.67% | $1,666,932 | HYP-COIN |
| 11 | EQT | EQT CORP | Energy | 1.58% | $1,578,138 | HYP-EQT |
| 12 | WST | WEST PHARMACEUTICAL SERVICES INC | Healthcare | 1.38% | $1,380,491 | HYP-WST |
| 13 | ENTG | ENTEGRIS INC | Technology | 1.13% | $1,127,964 | HYP-ENTG |
| 14 | EXE | EXPAND ENERGY CORP | Energy | 0.98% | $977,039 | HYP-EXE |
| 15 | CNH | CNH INDUSTRIAL NV | Industrials | 0.93% | $927,503 | HYP-CNH |
| 16 | PR | PERMIAN RESOURCES CORP | Energy | 0.92% | $920,170 | HYP-PR |
| 17 | CSL | CARLISLE COMPANIES INC | Industrials | 0.73% | $731,051 | HYP-CSL |
| 18 | ZBRA | ZEBRA TECHNOLOGIES CORP | Technology | 0.72% | $721,082 | HYP-ZBRA |
| 19 | RRC | RANGE RESOURCES CORP | Energy | 0.58% | $579,422 | HYP-RRC |
| 20 | AR | ANTERO RESOURCES CORP | Energy | 0.57% | $572,845 | HYP-AR |
| 21 | NYT | NEW YORK TIMES CO | Communication Services | 0.55% | $550,566 | HYP-NYT |
| 22 | OC | OWENS CORNING | Industrials | 0.44% | $436,760 | HYP-OC |
| 23 | SSD | SIMPSON MANUFACTURING CO INC | Basic Materials | 0.39% | $388,270 | HYP-SSD |
| 24 | CHRD | CHORD ENERGY CORP | Energy | 0.38% | $376,812 | HYP-CHRD |
| 25 | SM | SM ENERGY CO | Energy | 0.37% | $371,078 | HYP-SM |
| 26 | AGCO | AGCO CORP | Industrials | 0.37% | $370,192 | HYP-AGCO |
| 27 | MGY | MAGNOLIA OIL & GAS CORP | Energy | 0.31% | $310,008 | HYP-MGY |
| 28 | JOBY | JOBY AVIATION INC | Industrials | 0.26% | $261,575 | HYP-JOBY |
| 29 | MUR | MURPHY OIL CORP | Energy | 0.25% | $250,980 | HYP-MUR |
| 30 | CNX | CNX RESOURCES CORP | Energy | 0.25% | $250,551 | HYP-CNX |
| 31 | CRGY | CRESCENT ENERGY CO | Energy | 0.25% | $245,073 | HYP-CRGY |
| 32 | BC | BRUNSWICK CORP | Consumer Cyclical | 0.24% | $236,747 | HYP-BC |
| 33 | MBLY | MOBILEYE GLOBAL INC | Consumer Cyclical | 0.23% | $231,033 | HYP-MBLY |
| 34 | CRK | COMSTOCK RESOURCES INC | Energy | 0.21% | $213,196 | HYP-CRK |
| 35 | FLY | FIREFLY AEROSPACE INC | Industrials | 0.21% | $209,452 | HYP-FLY |
| 36 | ENVA | ENOVA INTERNATIONAL INC | Financial Services | 0.20% | $196,828 | HYP-ENVA |
| 37 | BDC | BELDEN INC | Technology | 0.19% | $192,554 | HYP-BDC |
| 38 | HP | HELMERICH & PAYNE INC | Energy | 0.18% | $178,789 | HYP-HP |
| 39 | ACMR | ACM RESEARCH INC | Technology | 0.17% | $168,261 | HYP-ACMR |
| 40 | UEC | URANIUM ENERGY CORP | Energy | 0.16% | $162,373 | HYP-UEC |
| 41 | ACLS | AXCELIS TECHNOLOGIES INC | Technology | 0.16% | $160,798 | HYP-ACLS |
| 42 | BSM | BLACK STONE MINERALS LP | Energy | 0.15% | $154,168 | HYP-BSM |
| 43 | OUST | OUSTER INC | Technology | 0.13% | $128,728 | HYP-OUST |
| 44 | VECO | VEECO INSTRUMENTS INC | Technology | 0.12% | $118,807 | HYP-VECO |
| 45 | PTON | PELOTON INTERACTIVE INC | Consumer Cyclical | 0.12% | $118,797 | HYP-PTON |
| 46 | PPTA | PERPETUA RESOURCES CORP | Basic Materials | 0.11% | $107,407 | HYP-PPTA |
| 47 | LEU | CENTRUS ENERGY CORP | Energy | 0.10% | $103,240 | HYP-LEU |
| 48 | SONO | SONOS INC | Technology | 0.10% | $103,220 | HYP-SONO |
| 49 | RUN | SUNRUN INC | Technology | 0.10% | $99,327 | HYP-RUN |
| 50 | CALX | CALIX INC | Technology | 0.10% | $97,313 | HYP-CALX |
| 51 | USAR | USA RARE EARTH INC | Basic Materials | 0.10% | $95,155 | HYP-USAR |
| 52 | AIN | ALBANY INTERNATIONAL CORP | Consumer Cyclical | 0.09% | $92,476 | HYP-AIN |
| 53 | UPST | UPSTART HOLDINGS INC | Financial Services | 0.09% | $91,261 | HYP-UPST |
| 54 | CRCT | CRICUT INC | Technology | 0.09% | $85,306 | HYP-CRCT |
| 55 | UUUU | ENERGY FUELS INC | Energy | 0.09% | $85,239 | HYP-UUUU |
| 56 | PRLB | PROTO LABS INC | Industrials | 0.08% | $78,912 | HYP-PRLB |
| 57 | ENOV | ENOVIS CORP | Healthcare | 0.08% | $76,836 | HYP-ENOV |
| 58 | WLTH | WEALTHFRONT CORP | Technology | 0.08% | $76,754 | HYP-WLTH |
| 59 | MLKN | MILLERKNOLL INC | Consumer Cyclical | 0.07% | $70,707 | HYP-MLKN |
| 60 | PLPC | PREFORMED LINE PRODUCTS CO | Industrials | 0.07% | $69,093 | HYP-PLPC |
| 61 | CMPR | CIMPRESS PLC | Communication Services | 0.07% | $66,944 | HYP-CMPR |
| 62 | TNC | TENNANT CO | Industrials | 0.06% | $61,490 | HYP-TNC |
| 63 | ARLO | ARLO TECHNOLOGIES INC | Industrials | 0.06% | $61,292 | HYP-ARLO |
| 64 | NBR | NABORS INDUSTRIES LTD | Energy | 0.06% | $60,936 | HYP-NBR |
| 65 | IE | IVANHOE ELECTRIC INC | Basic Materials | 0.05% | $53,453 | HYP-IE |
| 66 | HPK | HIGHPEAK ENERGY INC | Energy | 0.05% | $50,789 | HYP-HPK |
| 67 | TBN | TAMBORAN RESOURCES CORP | Energy | 0.05% | $48,413 | HYP-TBN |
| 68 | REPX | RILEY EXPLORATION PERMIAN INC | Energy | 0.05% | $47,059 | HYP-REPX |
| 69 | PSIX | POWER SOLUTIONS INTERNATIONAL INC | Industrials | 0.04% | $43,807 | HYP-PSIX |
| 70 | CRTO | CRITEO SA | Communication Services | 0.04% | $41,330 | HYP-CRTO |
| 71 | FUBO | FUBOTV INC | Communication Services | 0.04% | $40,352 | HYP-FUBO |
| 72 | AEBI | AEBI SCHMIDT HOLDING AG | Industrials | 0.04% | $38,290 | HYP-AEBI |
| 73 | FMC | FMC CORP | Basic Materials | 0.04% | $37,924 | HYP-FMC |
| 74 | TXO | TXO PARTNERS LP | Energy | 0.04% | $37,428 | HYP-TXO |
| 75 | MUX | MCEWEN INC | Basic Materials | 0.04% | $35,467 | HYP-MUX |
| 76 | DC | DAKOTA GOLD CORP | Basic Materials | 0.04% | $35,303 | HYP-DC |
| 77 | CMCO | COLUMBUS MCKINNON CORP | Industrials | 0.03% | $29,478 | HYP-CMCO |
| 78 | EGY | VAALCO ENERGY INC | Energy | 0.03% | $28,027 | HYP-EGY |
| 79 | HNRG | HALLADOR ENERGY CO | Utilities | 0.02% | $24,645 | HYP-HNRG |
| 80 | TREE | LENDINGTREE INC | Financial Services | 0.02% | $23,893 | HYP-TREE |
| 81 | ZIP | ZIPRECRUITER INC | Industrials | 0.02% | $22,193 | HYP-ZIP |
| 82 | CTGO | CONTANGO SILVER & GOLD INC | Basic Materials | 0.02% | $21,060 | HYP-CTGO |
| 83 | CRNC | CERENCE INC | Technology | 0.02% | $17,784 | HYP-CRNC |
| 84 | ERII | ENERGY RECOVERY INC | Industrials | 0.02% | $17,538 | HYP-ERII |
| 85 | TWI | TITAN INTERNATIONAL INC | Industrials | 0.02% | $16,030 | HYP-TWI |
| 86 | PESI | PERMA FIX ENVIRONMENTAL SERVICES INC | Industrials | 0.02% | $15,934 | HYP-PESI |
| 87 | XPER | XPERI INC | Technology | 0.01% | $14,464 | HYP-XPER |
| 88 | BETR | BETTER HOME & FINANCE HOLDING CO | Financial Services | 0.01% | $14,387 | HYP-BETR |
| 89 | OFLX | OMEGA FLEX INC | Industrials | 0.01% | $11,405 | HYP-OFLX |
| 90 | AMWL | AMERICAN WELL CORP | Healthcare | 0.01% | $9,983 | HYP-AMWL |
| 91 | EML | EASTERN CO | Industrials | 0.01% | $8,943 | HYP-EML |
| 92 | AIRO | AIRO GROUP HOLDINGS INC | Industrials | 0.01% | $8,485 | HYP-AIRO |
| 93 | PED | PEDEVCO CORP | Energy | 0.01% | $8,355 | HYP-PED |
| 94 | BYND | BEYOND MEAT INC | Consumer Defensive | 0.00% | $4,890 | HYP-BYND |
| 95 | UEIC | UNIVERSAL ELECTRONICS INC | Technology | 0.00% | $4,115 | HYP-UEIC |
| 96 | NTIC | NORTHERN TECHNOLOGIES INTERNATIONAL CORP | Basic Materials | 0.00% | $3,546 | HYP-NTIC |
| 97 | GOSS | GOSSAMER BIO INC | Healthcare | 0.00% | $3,310 | HYP-GOSS |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.