| Item | Value |
|---|---|
| Ticker (pseudo) | FDNH |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | dNOA factor (Healthcare only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date |
| 2022-06-05 |
| Number of holdings (long leg) | 86 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | November 2026 |
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | GILD | GILEAD SCIENCES INC | Healthcare | 39.24% | $39,243,116 | HYP-GILD |
| 2 | DXCM | DEXCOM INC | Healthcare | 5.72% | $5,718,291 | HYP-DXCM |
| 3 | ROIV | ROIVANT SCIENCES LTD | Healthcare | 5.46% | $5,458,453 | HYP-ROIV |
| 4 | INSM | INSMED INC | Healthcare | 4.88% | $4,879,550 | HYP-INSM |
| 5 | VTRS | VIATRIS INC | Healthcare | 4.46% | $4,464,164 | HYP-VTRS |
| 6 | EXEL | EXELIXIS INC | Healthcare | 3.21% | $3,210,377 | HYP-EXEL |
| 7 | GKOS | GLAUKOS CORP | Healthcare | 2.74% | $2,743,657 | HYP-GKOS |
| 8 | BTSG | BRIGHTSPRING HEALTH SERVICES INC | Healthcare | 2.68% | $2,678,344 | HYP-BTSG |
| 9 | BAX | BAXTER INTERNATIONAL INC | Healthcare | 2.51% | $2,508,611 | HYP-BAX |
| 10 | OSCR | OSCAR HEALTH INC | Healthcare | 1.87% | $1,869,387 | HYP-OSCR |
| 11 | MDGL | MADRIGAL PHARMACEUTICALS INC | Healthcare | 1.86% | $1,860,740 | HYP-MDGL |
| 12 | ATR | APTARGROUP INC | Healthcare | 1.69% | $1,692,344 | HYP-ATR |
| 13 | RYTM | RHYTHM PHARMACEUTICALS INC | Healthcare | 1.43% | $1,434,862 | HYP-RYTM |
| 14 | IMVT | IMMUNOVANT INC | Healthcare | 1.37% | $1,366,441 | HYP-IMVT |
| 15 | KOD | KODIAK SCIENCES INC | Healthcare | 1.28% | $1,281,668 | HYP-KOD |
| 16 | IBRX | IMMUNITYBIO INC | Healthcare | 1.22% | $1,216,468 | HYP-IBRX |
| 17 | TFX | TELEFLEX INC | Healthcare | 1.14% | $1,144,261 | HYP-TFX |
| 18 | DOCS | DOXIMITY INC | Healthcare | 1.12% | $1,115,834 | HYP-DOCS |
| 19 | SRRK | SCHOLAR ROCK HOLDING CORP | Healthcare | 0.99% | $991,972 | HYP-SRRK |
| 20 | LQDA | LIQUIDIA CORP | Healthcare | 0.99% | $986,565 | HYP-LQDA |
| 21 | TARS | TARSUS PHARMACEUTICALS INC | Healthcare | 0.71% | $714,181 | HYP-TARS |
| 22 | VKTX | VIKING THERAPEUTICS INC | Healthcare | 0.66% | $662,564 | HYP-VKTX |
| 23 | ACHC | ACADIA HEALTHCARE COMPANY INC | Healthcare | 0.66% | $662,187 | HYP-ACHC |
| 24 | SGRY | SURGERY PARTNERS INC | Healthcare | 0.66% | $655,349 | HYP-SGRY |
| 25 | IRTC | IRHYTHM HOLDINGS INC | Healthcare | 0.59% | $592,523 | HYP-IRTC |
| 26 | BHC | BAUSCH HEALTH COMPANIES INC | Healthcare | 0.58% | $581,672 | HYP-BHC |
| 27 | XNCR | XENCOR INC | Healthcare | 0.54% | $539,022 | HYP-XNCR |
| 28 | PGNY | PROGYNY INC | Healthcare | 0.51% | $507,505 | HYP-PGNY |
| 29 | SDGR | SCHRODINGER INC | Healthcare | 0.44% | $436,315 | HYP-SDGR |
| 30 | PRGO | PERRIGO CO PLC | Healthcare | 0.42% | $423,072 | HYP-PRGO |
| 31 | VERA | VERA THERAPEUTICS INC | Healthcare | 0.40% | $395,530 | HYP-VERA |
| 32 | REPL | REPLIMUNE GROUP INC | Healthcare | 0.39% | $392,535 | HYP-REPL |
| 33 | FTRE | FORTREA HOLDINGS INC | Healthcare | 0.36% | $364,673 | HYP-FTRE |
| 34 | AGIO | AGIOS PHARMACEUTICALS INC | Healthcare | 0.36% | $357,854 | HYP-AGIO |
| 35 | AGL | AGILON HEALTH INC | Healthcare | 0.35% | $349,000 | HYP-AGL |
| 36 | CERT | CERTARA INC | Healthcare | 0.34% | $341,973 | HYP-CERT |
| 37 | NRIX | NURIX THERAPEUTICS INC | Healthcare | 0.32% | $321,062 | HYP-NRIX |
| 38 | ENOV | ENOVIS CORP | Healthcare | 0.30% | $300,415 | HYP-ENOV |
| 39 | TDOC | TELADOC HEALTH INC | Healthcare | 0.30% | $298,419 | HYP-TDOC |
| 40 | ABSI | ABSCI CORP | Healthcare | 0.30% | $295,329 | HYP-ABSI |
| 41 | PCRX | PACIRA BIOSCIENCES INC | Healthcare | 0.28% | $275,398 | HYP-PCRX |
| 42 | AMN | AMN HEALTHCARE SERVICES INC | Healthcare | 0.27% | $271,838 | HYP-AMN |
| 43 | ANAB | ANAPTYSBIO INC | Healthcare | 0.27% | $269,031 | HYP-ANAB |
| 44 | KRSA | KORSANA BIOSCIENCES INC | Healthcare | 0.27% | $268,352 | HYP-KRSA |
| 45 | NVCR | NOVOCURE LTD | Healthcare | 0.26% | $258,142 | HYP-NVCR |
| 46 | CMPS | COMPASS PATHWAYS PLC | Healthcare | 0.24% | $243,467 | HYP-CMPS |
| 47 | INNV | INNOVAGE HOLDING CORP | Healthcare | 0.24% | $241,640 | HYP-INNV |
| 48 | DRTS | ALPHA TAU MEDICAL LTD | Healthcare | 0.23% | $232,390 | HYP-DRTS |
| 49 | FRNM | FREENOME INC | Healthcare | 0.21% | $213,910 | HYP-FRNM |
| 50 | CBLL | CERIBELL INC | Healthcare | 0.19% | $192,773 | HYP-CBLL |
| 51 | CTKB | CYTEK BIOSCIENCES INC | Healthcare | 0.14% | $135,994 | HYP-CTKB |
| 52 | NVCT | NUVECTIS PHARMA INC | Healthcare | 0.13% | $131,058 | HYP-NVCT |
| 53 | FLGT | FULGENT GENETICS INC | Healthcare | 0.13% | $130,795 | HYP-FLGT |
| 54 | KURA | KURA ONCOLOGY INC | Healthcare | 0.13% | $128,610 | HYP-KURA |
| 55 | ZVRA | ZEVRA THERAPEUTICS INC | Healthcare | 0.13% | $125,106 | HYP-ZVRA |
| 56 | DNA | GINKGO BIOWORKS HOLDINGS INC | Healthcare | 0.12% | $124,936 | HYP-DNA |
| 57 | CGEM | CULLINAN THERAPEUTICS INC | Healthcare | 0.12% | $124,616 | HYP-CGEM |
| 58 | CADL | CANDEL THERAPEUTICS INC | Healthcare | 0.12% | $120,942 | HYP-CADL |
| 59 | SRZN | SURROZEN INC | Healthcare | 0.11% | $113,727 | HYP-SRZN |
| 60 | MYGN | MYRIAD GENETICS INC | Healthcare | 0.10% | $102,631 | HYP-MYGN |
| 61 | RGNX | REGENXBIO INC | Healthcare | 0.10% | $100,032 | HYP-RGNX |
| 62 | TKNO | ALPHA TEKNOVA INC | Healthcare | 0.10% | $98,299 | HYP-TKNO |
| 63 | RCEL | AVITA MEDICAL INC | Healthcare | 0.10% | $95,887 | HYP-RCEL |
| 64 | PHAT | PHATHOM PHARMACEUTICALS INC | Healthcare | 0.10% | $95,397 | HYP-PHAT |
| 65 | DMAC | DIAMEDICA THERAPEUTICS INC | Healthcare | 0.09% | $94,776 | HYP-DMAC |
| 66 | SI | SHOULDER INNOVATIONS INC | Healthcare | 0.08% | $83,077 | HYP-SI |
| 67 | LYEL | LYELL IMMUNOPHARMA INC | Healthcare | 0.07% | $72,434 | HYP-LYEL |
| 68 | TMCI | TREACE MEDICAL CONCEPTS INC | Healthcare | 0.07% | $65,953 | HYP-TMCI |
| 69 | EBS | EMERGENT BIOSOLUTIONS INC | Healthcare | 0.06% | $57,043 | HYP-EBS |
| 70 | SPOK | SPOK HOLDINGS INC | Healthcare | 0.05% | $45,815 | HYP-SPOK |
| 71 | LFCR | LIFECORE BIOMEDICAL INC | Healthcare | 0.05% | $45,702 | HYP-LFCR |
| 72 | RXST | RXSIGHT INC | Healthcare | 0.04% | $42,499 | HYP-RXST |
| 73 | GLSI | GREENWICH LIFESCIENCES INC | Healthcare | 0.04% | $42,254 | HYP-GLSI |
| 74 | AMWL | AMERICAN WELL CORP | Healthcare | 0.04% | $39,033 | HYP-AMWL |
| 75 | TRDA | ENTRADA THERAPEUTICS INC | Healthcare | 0.04% | $38,129 | HYP-TRDA |
| 76 | KRRO | KORRO BIO INC | Healthcare | 0.04% | $36,999 | HYP-KRRO |
| 77 | RNAC | CARTESIAN THERAPEUTICS INC | Healthcare | 0.04% | $36,509 | HYP-RNAC |
| 78 | CUE | CUE BIOPHARMA INC | Healthcare | 0.02% | $23,944 | HYP-CUE |
| 79 | SPRB | SPRUCE BIOSCIENCES INC | Healthcare | 0.02% | $23,228 | HYP-SPRB |
| 80 | IMUX | IMMUNIC INC | Healthcare | 0.02% | $20,025 | HYP-IMUX |
| 81 | ICCC | IMMUCELL CORP | Healthcare | 0.02% | $17,482 | HYP-ICCC |
| 82 | RLYB | RALLYBIO CORP | Healthcare | 0.02% | $15,881 | HYP-RLYB |
| 83 | ATRA | ATARA BIOTHERAPEUTICS INC | Healthcare | 0.02% | $15,221 | HYP-ATRA |
| 84 | GOSS | GOSSAMER BIO INC | Healthcare | 0.01% | $12,942 | HYP-GOSS |
| 85 | COCH | ENVOY MEDICAL INC | Healthcare | 0.01% | $9,928 | HYP-COCH |
| 86 | YARW | YARROW BIOSCIENCE INC | Healthcare | 0.01% | $9,871 | HYP-YARW |
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.