| Item | Value |
|---|---|
| Ticker (pseudo) | FTAE |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | Tang factor (Energy only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2020-10-06 |
| 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 | VLO | VALERO ENERGY CORP | Energy | 38.71% | $38,707,030 | HYP-VLO |
| 2 | EOG | EOG RESOURCES INC | Energy | 29.87% | $29,867,108 | HYP-EOG |
| 3 | TPL | TEXAS PACIFIC LAND CORP | Energy | 7.18% | $7,179,041 | HYP-TPL |
| 4 | CHRD | CHORD ENERGY CORP | Energy | 2.89% | $2,894,892 | HYP-CHRD |
| 5 | NFG | NATIONAL FUEL GAS CO | Energy | 2.69% | $2,686,157 | HYP-NFG |
| 6 | WFRD | WEATHERFORD INTERNATIONAL PLC | Energy | 2.29% | $2,293,859 | HYP-WFRD |
| 7 | MUR | MURPHY OIL CORP | Energy | 1.93% | $1,928,176 | HYP-MUR |
| 8 | CVI | CVR ENERGY INC | Energy | 1.53% | $1,527,956 | HYP-CVI |
| 9 | TDW | TIDEWATER INC | Energy | 1.43% | $1,431,381 | HYP-TDW |
| 10 | PARR | PAR PACIFIC HOLDINGS INC | Energy | 1.34% | $1,335,176 | HYP-PARR |
| 11 | OII | OCEANEERING INTERNATIONAL INC | Energy | 1.28% | $1,280,059 | HYP-OII |
| 12 | UEC | URANIUM ENERGY CORP | Energy | 1.25% | $1,247,447 | HYP-UEC |
| 13 | TALO | TALOS ENERGY INC | Energy | 0.98% | $980,708 | HYP-TALO |
| 14 | LEU | CENTRUS ENERGY CORP | Energy | 0.79% | $793,147 | HYP-LEU |
| 15 | BKV | BKV CORP | Energy | 0.77% | $770,308 | HYP-BKV |
| 16 | LPG | DORIAN LPG LTD | Energy | 0.76% | $760,165 | HYP-LPG |
| 17 | KRP | KIMBELL ROYALTY PARTNERS LP | Energy | 0.71% | $709,416 | HYP-KRP |
| 18 | DMLP | DORCHESTER MINERALS LP | Energy | 0.53% | $530,332 | HYP-DMLP |
| 19 | PBT | PERMIAN BASIN ROYALTY TRUST | Energy | 0.52% | $523,113 | HYP-PBT |
| 20 | NBR | NABORS INDUSTRIES LTD | Energy | 0.47% | $468,144 | HYP-NBR |
| 21 | RES | RPC INC | Energy | 0.46% | $460,926 | HYP-RES |
| 22 | HPK | HIGHPEAK ENERGY INC | Energy | 0.39% | $390,188 | HYP-HPK |
| 23 | TBN | TAMBORAN RESOURCES CORP | Energy | 0.37% | $371,939 | HYP-TBN |
| 24 | PUMP | PROPETRO HOLDING CORP | Energy | 0.34% | $336,107 | HYP-PUMP |
| 25 | GRNT | GRANITE RIDGE RESOURCES INC | Energy | 0.32% | $317,007 | HYP-GRNT |
| 26 | PNRG | PRIMEENERGY RESOURCES CORP | Energy | 0.11% | $112,381 | HYP-PNRG |
| 27 | EPSN | EPSILON ENERGY LTD | Energy | 0.06% | $60,855 | HYP-EPSN |
| 28 | NINE | NINE ENERGY SERVICE INC | Energy | 0.04% | $36,979 | HYP-NINE |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.