| Item | Value |
|---|---|
| Ticker (pseudo) | FDNE |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | dNOA factor (Energy only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2021-08-09 |
| Number of holdings (long leg) | 27 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | November 2026 |
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | CVX | CHEVRON CORP | Energy | 57.19% | $57,187,342 | HYP-CVX |
| 2 | MPC | MARATHON PETROLEUM CORP | Energy | 15.12% | $15,118,154 | HYP-MPC |
| 3 | OXY | OCCIDENTAL PETROLEUM CORP | Energy | 7.85% | $7,853,346 | HYP-OXY |
| 4 | OKE | ONEOK INC | Energy | 7.53% | $7,534,324 | HYP-OKE |
| 5 | FANG | DIAMONDBACK ENERGY INC | Energy | 6.84% | $6,840,710 | HYP-FANG |
| 6 | CVI | CVR ENERGY INC | Energy | 0.56% | $555,144 | HYP-CVI |
| 7 | PTEN | PATTERSON UTI ENERGY INC | Energy | 0.54% | $544,466 | HYP-PTEN |
| 8 | HESM | HESS MIDSTREAM LP | Energy | 0.53% | $527,870 | HYP-HESM |
| 9 | HP | HELMERICH & PAYNE INC | Energy | 0.50% | $499,049 | HYP-HP |
| 10 | PARR | PAR PACIFIC HOLDINGS INC | Energy | 0.49% | $485,102 | HYP-PARR |
| 11 | CLMT | CALUMET INC | Energy | 0.43% | $431,845 | HYP-CLMT |
| 12 | TALO | TALOS ENERGY INC | Energy | 0.36% | $356,316 | HYP-TALO |
| 13 | BTU | PEABODY ENERGY CORP | Energy | 0.29% | $285,426 | HYP-BTU |
| 14 | LPG | DORIAN LPG LTD | Energy | 0.28% | $276,187 | HYP-LPG |
| 15 | WKC | WORLD KINECT CORP | Energy | 0.24% | $239,337 | HYP-WKC |
| 16 | DMLP | DORCHESTER MINERALS LP | Energy | 0.19% | $192,683 | HYP-DMLP |
| 17 | NBR | NABORS INDUSTRIES LTD | Energy | 0.17% | $170,088 | HYP-NBR |
| 18 | RES | RPC INC | Energy | 0.17% | $167,466 | HYP-RES |
| 19 | HPK | HIGHPEAK ENERGY INC | Energy | 0.14% | $141,765 | HYP-HPK |
| 20 | REPX | RILEY EXPLORATION PERMIAN INC | Energy | 0.13% | $131,356 | HYP-REPX |
| 21 | TXO | TXO PARTNERS LP | Energy | 0.10% | $104,471 | HYP-TXO |
| 22 | CAPL | CROSSAMERICA PARTNERS LP | Energy | 0.10% | $102,010 | HYP-CAPL |
| 23 | EGY | VAALCO ENERGY INC | Energy | 0.08% | $78,232 | HYP-EGY |
| 24 | OIS | OIL STATES INTERNATIONAL INC | Energy | 0.07% | $68,778 | HYP-OIS |
| 25 | GTE | GRAN TIERRA ENERGY INC | Energy | 0.05% | $45,632 | HYP-GTE |
| 26 | PNRG | PRIMEENERGY RESOURCES CORP | Energy | 0.04% | $40,831 | HYP-PNRG |
| 27 | BOOM | DMC GLOBAL INC | Energy | 0.02% | $22,070 | HYP-BOOM |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.