| Item | Value |
|---|---|
| Ticker (pseudo) | FSIE |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | Small Size factor (Energy only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2021-02-20 |
| 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 | PUMP | PROPETRO HOLDING CORP | Energy | 6.38% | $6,384,744 | HYP-PUMP |
| 2 | FET | FORUM ENERGY TECHNOLOGIES INC | Energy | 6.20% | $6,196,999 | HYP-FET |
| 3 | GRNT | GRANITE RIDGE RESOURCES INC | Energy | 6.02% | $6,021,911 | HYP-GRNT |
| 4 | INR | INFINITY NATURAL RESOURCES INC | Energy | 5.88% | $5,882,684 | HYP-INR |
| 5 | TXO | TXO PARTNERS LP | Energy | 5.46% | $5,462,191 | HYP-TXO |
| 6 | CAPL | CROSSAMERICA PARTNERS LP | Energy | 5.33% | $5,333,511 | HYP-CAPL |
| 7 | WHK | WHITEHAWK MINERALS CORP | Energy | 4.96% | $4,960,131 | HYP-WHK |
| 8 | APC | ARKO PETROLEUM CORP | Energy | 4.91% | $4,907,393 | HYP-APC |
| 9 | AESI | ATLAS ENERGY SOLUTIONS INC | Energy | 4.84% | $4,844,108 | HYP-AESI |
| 10 | VTS | VITESSE ENERGY INC | Energy | 4.57% | $4,568,467 | HYP-VTS |
| 11 | EGY | VAALCO ENERGY INC | Energy | 4.09% | $4,090,315 | HYP-EGY |
| 12 | HMH | HMH HOLDING INC | Energy | 3.88% | $3,884,990 | HYP-HMH |
| 13 | EROK | EAGLEROCK LAND LLC | Energy | 3.88% | $3,875,146 | HYP-EROK |
| 14 | OIS | OIL STATES INTERNATIONAL INC | Energy | 3.60% | $3,595,989 | HYP-OIS |
| 15 | SD | SANDRIDGE ENERGY INC | Energy | 3.43% | $3,433,558 | HYP-SD |
| 16 | SGU | STAR GROUP LP | Energy | 3.04% | $3,041,191 | HYP-SGU |
| 17 | SMC | SUMMIT MIDSTREAM CORP | Energy | 3.01% | $3,012,362 | HYP-SMC |
| 18 | CLB | CORE LABORATORIES INC | Energy | 2.90% | $2,903,371 | HYP-CLB |
| 19 | NGS | NATURAL GAS SERVICES GROUP INC | Energy | 2.64% | $2,641,793 | HYP-NGS |
| 20 | GTE | GRAN TIERRA ENERGY INC | Energy | 2.39% | $2,385,841 | HYP-GTE |
| 21 | FTW | PRESIDIO PRODUCTION CO | Energy | 2.25% | $2,250,833 | HYP-FTW |
| 22 | PNRG | PRIMEENERGY RESOURCES CORP | Energy | 2.13% | $2,134,811 | HYP-PNRG |
| 23 | RNGR | RANGER ENERGY SERVICES INC | Energy | 2.09% | $2,088,402 | HYP-RNGR |
| 24 | NC | NACCO INDUSTRIES INC | Energy | 1.87% | $1,867,608 | HYP-NC |
| 25 | PED | PEDEVCO CORP | Energy | 1.22% | $1,219,289 | HYP-PED |
| 26 | EPSN | EPSILON ENERGY LTD | Energy | 1.16% | $1,156,004 | HYP-EPSN |
| 27 | BOOM | DMC GLOBAL INC | Energy | 1.15% | $1,153,895 | HYP-BOOM |
| 28 | NINE | NINE ENERGY SERVICE INC | Energy | 0.70% | $702,462 | HYP-NINE |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.