ETF Foundry
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.
SummaryProspectusSAIFact SheetHoldings

Daily Holdings · Draft

Foundry Book-to-Market Value Factor ETF

FBMX · ETF Foundry Research (hypothetical) · Generated 2026-09-12 · Holdings as of July 2026

csv xlsx

Fund

ItemValue
Ticker (pseudo)FBMX
CUSIPNot applicable (hypothetical model portfolio)
Listing exchangeNot listed (hypothetical)
Underlying modelBook-to-Market Value factor (All stocks)
Placeholder expense ratio0.29%
Placeholder inception date2022-01-12
Number of holdings (long leg)227
WeightingCap-weighted
Rebalance frequencyMonthly
Holdings as ofJuly 2026

Holdings as of July 2026 (227 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)

#TickerCompanySectorWeightMarket ValueCUSIP
1NLYANNALY CAPITAL MANAGEMENT INCReal Estate5.07%$5,072,302HYP-NLY
2PNFPPINNACLE FINANCIAL PARTNERS INCFinancial Services4.59%$4,593,416HYP-PNFP
3EGEVEREST GROUP LTDFinancial Services4.55%$4,554,188HYP-EG
4ALLYALLY FINANCIAL INCFinancial Services4.21%$4,208,478HYP-ALLY
5ARCCARES CAPITAL CORPFinancial Services4.14%$4,140,732HYP-ARCC
6BMNRBITMINE IMMERSION TECHNOLOGIES INCFinancial Services2.85%$2,847,206HYP-BMNR
7JXNJACKSON FINANCIAL INCFinancial Services2.64%$2,636,417HYP-JXN
8AREALEXANDRIA REAL ESTATE EQUITIES INCReal Estate2.63%$2,632,777HYP-ARE
9REXRREXFORD INDUSTRIAL REALTY INCReal Estate2.54%$2,543,612HYP-REXR
10LNCLINCOLN NATIONAL CORPFinancial Services2.43%$2,429,719HYP-LNC
11VNOVORNADO REALTY TRUSTReal Estate2.28%$2,282,644HYP-VNO
12MOSMOSAIC COBasic Materials2.12%$2,115,986HYP-MOS
13FLGFLAGSTAR BANK NATIONAL ASSOCIATIONFinancial Services1.87%$1,868,285HYP-FLG
14RIGTRANSOCEAN LTDEnergy1.73%$1,726,295HYP-RIG
15BXSLBLACKSTONE SECURED LENDING FUNDFinancial Services1.67%$1,667,122HYP-BXSL
16OBDCBLUE OWL CAPITAL CORPFinancial Services1.64%$1,640,830HYP-OBDC
17CUZCOUSINS PROPERTIES INCReal Estate1.57%$1,572,061HYP-CUZ
18RITMRITHM CAPITAL CORPReal Estate1.57%$1,565,323HYP-RITM
19MTHMERITAGE HOMES CORPConsumer Cyclical1.49%$1,488,281HYP-MTH
20MRPMILLROSE PROPERTIES INCReal Estate1.47%$1,469,569HYP-MRP
21KRCKILROY REALTY CORPReal Estate1.41%$1,407,930HYP-KRC
22APLEAPPLE HOSPITALITY REIT INCReal Estate1.20%$1,195,907HYP-APLE
23GNWGENWORTH FINANCIAL INCFinancial Services1.16%$1,162,576HYP-GNW
24BHFBRIGHTHOUSE FINANCIAL INCFinancial Services1.13%$1,133,817HYP-BHF
25AGOASSURED GUARANTY LTDFinancial Services1.13%$1,131,771HYP-AGO
26SLGSL GREEN REALTY CORPReal Estate1.10%$1,102,771HYP-SLG
27LBTYALIBERTY GLOBAL LTDCommunication Services1.06%$1,058,790HYP-LBTYA
28KBHKB HOMEConsumer Cyclical1.03%$1,034,694HYP-KBH
29GBDCGOLUB CAPITAL BDC INCFinancial Services1.02%$1,023,443HYP-GBDC
30BANCBANC OF CALIFORNIA INCFinancial Services0.98%$983,884HYP-BANC
31FSKFS KKR CAPITAL CORPFinancial Services0.92%$920,861HYP-FSK
32PKPARK HOTELS & RESORTS INCReal Estate0.90%$901,368HYP-PK
33XNDUXANADU QUANTUM TECHNOLOGIES LTDTechnology0.90%$897,096HYP-XNDU
34WAFDWAFD INCFinancial Services0.85%$847,309HYP-WAFD
35HOGHARLEY-DAVIDSON INCConsumer Cyclical0.84%$841,714HYP-HOG
36MBINMERCHANTS BANCORPFinancial Services0.69%$686,908HYP-MBIN
37AGMFEDERAL AGRICULTURAL MORTGAGE CORPFinancial Services0.67%$670,694HYP-AGM
38SHOSUNSTONE HOTEL INVESTORS INCReal Estate0.66%$657,367HYP-SHO
39PEBPEBBLEBROOK HOTEL TRUSTReal Estate0.65%$648,312HYP-PEB
40GTGOODYEAR TIRE & RUBBER COConsumer Cyclical0.63%$630,353HYP-GT
41DEIDOUGLAS EMMETT INCReal Estate0.63%$630,292HYP-DEI
42ARRARMOUR RESIDENTIAL REIT INCReal Estate0.62%$619,824HYP-ARR
43KSSKOHLS CORPConsumer Cyclical0.59%$590,162HYP-KSS
44CCSCENTURY COMMUNITIES INCConsumer Cyclical0.57%$567,149HYP-CCS
45IIPRINNOVATIVE INDUSTRIAL PROPERTIES INCReal Estate0.56%$558,064HYP-IIPR
46RLJRLJ LODGING TRUSTReal Estate0.54%$544,346HYP-RLJ
47HOPEHOPE BANCORP INCFinancial Services0.53%$528,402HYP-HOPE
48EFCELLINGTON FINANCIAL INCReal Estate0.51%$510,383HYP-EFC
49FORFORESTAR GROUP INCReal Estate0.46%$458,821HYP-FOR
50HLXHELIX ENERGY SOLUTIONS GROUP INCEnergy0.42%$424,497HYP-HLX
51LGIHLGI HOMES INCConsumer Cyclical0.41%$408,703HYP-LGIH
52LADRLADDER CAPITAL CORPReal Estate0.39%$385,600HYP-LADR
53TWOTWO HARBORS INVESTMENT CORPReal Estate0.38%$382,050HYP-TWO
54PDMPIEDMONT REALTY TRUST INCReal Estate0.37%$368,573HYP-PDM
55SAFESAFEHOLD INCReal Estate0.37%$368,363HYP-SAFE
56MCBMETROPOLITAN BANK HOLDING CORPFinancial Services0.37%$367,099HYP-MCB
57DEAEASTERLY GOVERNMENT PROPERTIES INCReal Estate0.36%$357,142HYP-DEA
58OCFCOCEANFIRST FINANCIAL CORPFinancial Services0.35%$345,079HYP-OCFC
59XIFRXPLR INFRASTRUCTURE LPUtilities0.34%$340,897HYP-XIFR
60SVCSERVICE PROPERTIES TRUSTReal Estate0.33%$334,880HYP-SVC
61CFFNCAPITOL FEDERAL FINANCIAL INCFinancial Services0.33%$328,744HYP-CFFN
62CIMCHIMERA INVESTMENT CORPReal Estate0.32%$324,592HYP-CIM
63OCSLOAKTREE SPECIALTY LENDING CORPFinancial Services0.32%$321,945HYP-OCSL
64ABRARBOR REALTY TRUST INCReal Estate0.30%$299,744HYP-ABR
65GSBDGOLDMAN SACHS BDC INCFinancial Services0.30%$299,022HYP-GSBD
66JANXJANUX THERAPEUTICS INCHealthcare0.30%$298,300HYP-JANX
67MFAMFA FINANCIAL INCReal Estate0.29%$288,824HYP-MFA
68AOSLALPHA & OMEGA SEMICONDUCTOR LTDTechnology0.28%$281,544HYP-AOSL
69HPKHIGHPEAK ENERGY INCEnergy0.28%$279,949HYP-HPK
70ARIAPOLLO COMMERCIAL REAL ESTATE FINANCE INCReal Estate0.28%$278,957HYP-ARI
71BZHBEAZER HOMES USA INCConsumer Cyclical0.27%$270,624HYP-BZH
72PURRHYPERLIQUID STRATEGIES INCFinancial Services0.27%$270,534HYP-PURR
73BBDCBARINGS BDC INCFinancial Services0.27%$267,736HYP-BBDC
74PMTPENNYMAC MORTGAGE INVESTMENT TRUSTReal Estate0.26%$259,704HYP-PMT
75HPPHUDSON PACIFIC PROPERTIES INCReal Estate0.26%$256,515HYP-HPP
76EGBNEAGLE BANCORP INCFinancial Services0.25%$251,281HYP-EGBN
77BCSFBAIN CAPITAL SPECIALTY FINANCE INCFinancial Services0.25%$247,641HYP-BCSF
78NAVINAVIENT CORPFinancial Services0.24%$244,542HYP-NAVI
79ADAMADAMAS TRUST INCReal Estate0.24%$242,767HYP-ADAM
80RJETREPUBLIC AIRWAYS HOLDINGS INCIndustrials0.24%$242,436HYP-RJET
81MFICMIDCAP FINANCIAL INVESTMENT CORPFinancial Services0.24%$242,346HYP-MFIC
82FDUSFIDUS INVESTMENT CORPFinancial Services0.23%$232,479HYP-FDUS
83HOVHOVNANIAN ENTERPRISES INCConsumer Cyclical0.23%$232,148HYP-HOV
84IVRINVESCO MORTGAGE CAPITAL INCReal Estate0.23%$226,192HYP-IVR
85CGBDCARLYLE SECURED LENDING INCFinancial Services0.22%$218,460HYP-CGBD
86INNSUMMIT HOTEL PROPERTIES INCReal Estate0.22%$217,107HYP-INN
87PFLTPENNANTPARK FLOATING RATE CAPITAL LTDFinancial Services0.22%$216,385HYP-PFLT
88SLRCSLR INVESTMENT CORPFinancial Services0.22%$215,332HYP-SLRC
89BRSPBRIGHTSPIRE CAPITAL INCReal Estate0.22%$215,151HYP-BRSP
90PRAAPRA GROUP INCFinancial Services0.21%$207,901HYP-PRAA
91TRTXTPG RE FINANCE TRUST INCReal Estate0.20%$203,479HYP-TRTX
92NMFCNEW MOUNTAIN FINANCE CORPFinancial Services0.20%$202,035HYP-NMFC
93GAINGLADSTONE INVESTMENT CORPORATIONFinancial Services0.20%$198,155HYP-GAIN
94CNNECANNAE HOLDINGS INCConsumer Cyclical0.20%$197,613HYP-CNNE
95MSBIMIDLAND STATES BANCORP INCFinancial Services0.19%$194,063HYP-MSBI
96RWTREDWOOD TRUST INCReal Estate0.19%$192,860HYP-RWT
97LEGHLEGACY HOUSING CORPConsumer Cyclical0.19%$191,657HYP-LEGH
98FBRTFRANKLIN BSP REALTY TRUST INCReal Estate0.19%$188,919HYP-FBRT
99NCDLNUVEEN CHURCHILL DIRECT LENDING CORPFinancial Services0.19%$188,528HYP-NCDL
100CLDTCHATHAM LODGING TRUSTReal Estate0.19%$187,746HYP-CLDT
101NFBKNORTHFIELD BANCORP INCFinancial Services0.19%$186,693HYP-NFBK
102KRNYKEARNY FINANCIAL CORPFinancial Services0.19%$185,009HYP-KRNY
103ILPTINDUSTRIAL LOGISTICS PROPERTIES TRUSTReal Estate0.18%$177,698HYP-ILPT
104FLGTFULGENT GENETICS INCHealthcare0.17%$172,253HYP-FLGT
105GLREGREENLIGHT CAPITAL RE LTDFinancial Services0.17%$170,328HYP-GLRE
106ASIXADVANSIX INCBasic Materials0.17%$168,613HYP-ASIX
107ALOYREALLOYS INCBasic Materials0.16%$163,620HYP-ALOY
108AHRTAH REALTY TRUST INCReal Estate0.16%$161,093HYP-AHRT
109KELYAKELLY SERVICES INCIndustrials0.16%$159,769HYP-KELYA
110XRNCHIRON REAL ESTATE INCReal Estate0.15%$150,895HYP-XRN
111PDLBPONCE FINANCIAL GROUP INCFinancial Services0.15%$147,345HYP-PDLB
112BXCBLUELINX HOLDINGS INCIndustrials0.14%$141,539HYP-BXC
113KREFKKR REAL ESTATE FINANCE TRUST INCReal Estate0.14%$141,028HYP-KREF
114MTWMANITOWOC CO INCIndustrials0.14%$140,757HYP-MTW
115RBBRBB BANCORPFinancial Services0.14%$137,869HYP-RBB
116GLADGLADSTONE CAPITAL CORPFinancial Services0.14%$135,312HYP-GLAD
117NEWTNEWTEKONE INCFinancial Services0.13%$131,973HYP-NEWT
118PCBPCB BANCORPFinancial Services0.13%$127,641HYP-PCB
119GCOGENESCO INCConsumer Cyclical0.12%$123,520HYP-GCO
120CCAPCRESCENT CAPITAL BDC INCFinancial Services0.12%$122,467HYP-CCAP
121SMCSUMMIT MIDSTREAM CORPEnergy0.12%$122,346HYP-SMC
122GBLIGLOBAL INDEMNITY GROUP LLCFinancial Services0.12%$120,331HYP-GBLI
123TCITRANSCONTINENTAL REALTY INVESTORS INCReal Estate0.12%$118,526HYP-TCI
124SHOESHOE CARNIVAL INCConsumer Cyclical0.12%$118,345HYP-SHOE
125VHIVALHI INCBasic Materials0.12%$118,255HYP-VHI
126RMREGIONAL MANAGEMENT CORPFinancial Services0.12%$115,397HYP-RM
127LANDGLADSTONE LAND CORPReal Estate0.11%$113,622HYP-LAND
128NECBNORTHEAST COMMUNITY BANCORP INCFinancial Services0.11%$110,163HYP-NECB
129ZNTLZENTALIS PHARMACEUTICALS INCHealthcare0.11%$109,441HYP-ZNTL
130NCNACCO INDUSTRIES INCBasic Materials0.11%$108,809HYP-NC
131LELANDS' END INCConsumer Cyclical0.11%$107,275HYP-LE
132XPERXPERI INCTechnology0.11%$106,011HYP-XPER
133ONITONITY GROUP INCFinancial Services0.10%$103,515HYP-ONIT
134SEGSEAPORT ENTERTAINMENT GROUP INCReal Estate0.10%$99,754HYP-SEG
135NREFNEXPOINT REAL ESTATE FINANCE INCReal Estate0.10%$95,874HYP-NREF
136SSSSSURO CAPITAL CORPFinancial Services0.10%$95,362HYP-SSSS
137PAMTPAMT CORPIndustrials0.09%$93,497HYP-PAMT
138PSBDPALMER SQUARE CAPITAL BDC INCFinancial Services0.09%$92,023HYP-PSBD
139CIONCION INVESTMENT CORPFinancial Services0.09%$91,512HYP-CION
140NXDTNEXPOINT DIVERSIFIED REAL ESTATE TRUSTReal Estate0.09%$87,450HYP-NXDT
141NLNL INDUSTRIES INCIndustrials0.09%$86,728HYP-NL
142ASLEAERSALE CORPIndustrials0.09%$86,006HYP-ASLE
143OPRTOPORTUN FINANCIAL CORPFinancial Services0.08%$82,547HYP-OPRT
144NSLRNEOSTELLAR CAPITAL CORPFinancial Services0.08%$79,990HYP-NSLR
145MPAAMOTORCAR PARTS OF AMERICA INCConsumer Cyclical0.08%$79,689HYP-MPAA
146BPRNPRINCETON BANCORP INCFinancial Services0.08%$78,997HYP-BPRN
147TBITRUEBLUE INCIndustrials0.08%$77,643HYP-TBI
148CLWCLEARWATER PAPER CORPBasic Materials0.08%$77,523HYP-CLW
149ARLAMERICAN REALTY INVESTORS INCReal Estate0.08%$77,162HYP-ARL
150SNFCASECURITY NATIONAL FINANCIAL CORPFinancial Services0.08%$76,831HYP-SNFCA
151NUSNU SKIN ENTERPRISES INCConsumer Defensive0.08%$76,530HYP-NUS
152FBLAFB BANCORP INCFinancial Services0.07%$74,425HYP-FBLA
153MITTTPG MORTGAGE INVESTMENT TRUST INCReal Estate0.07%$73,101HYP-MITT
154FRDFRIEDMAN INDUSTRIES INCBasic Materials0.07%$72,890HYP-FRD
155RWAYRUNWAY GROWTH FINANCE CORPFinancial Services0.07%$71,928HYP-RWAY
156MFINMEDALLION FINANCIAL CORPFinancial Services0.07%$71,386HYP-MFIN
157RMAXRE/MAX HOLDINGS INCReal Estate0.07%$70,905HYP-RMAX
158INBKFIRST INTERNET BANCORPFinancial Services0.07%$70,063HYP-INBK
159AOMRANGEL OAK MORTGAGE REIT INCReal Estate0.07%$68,438HYP-AOMR
160REFICHICAGO ATLANTIC REAL ESTATE FINANCE INCReal Estate0.07%$67,746HYP-REFI
161OPBKOP BANCORPFinancial Services0.07%$67,114HYP-OPBK
162SCMSTELLUS CAPITAL INVESTMENT CORPFinancial Services0.07%$66,272HYP-SCM
163FOAFINANCE OF AMERICA COMPANIES INCFinancial Services0.06%$64,858HYP-FOA
164SMHISEACOR MARINE HOLDINGS INCIndustrials0.06%$64,407HYP-SMHI
165KROSKEROS THERAPEUTICS INCHealthcare0.06%$63,354HYP-KROS
166RNAATRIUM THERAPEUTICS INCHealthcare0.06%$62,512HYP-RNA
167AMWLAMERICAN WELL CORPHealthcare0.06%$59,955HYP-AMWL
168TNXPTONIX PHARMACEUTICALS HOLDING CORPHealthcare0.06%$59,594HYP-TNXP
169CPSSCONSUMER PORTFOLIO SERVICES INCFinancial Services0.06%$59,323HYP-CPSS
170MDVMODIV INDUSTRIAL INCReal Estate0.06%$57,338HYP-MDV
171BSETBASSETT FURNITURE INDUSTRIES INCConsumer Cyclical0.06%$56,255HYP-BSET
172OZBELPOINTE PREP LLCReal Estate0.05%$54,450HYP-OZ
173HNVRHANOVER BANCORP INCFinancial Services0.05%$53,938HYP-HNVR
174BCBPBCB BANCORP INCFinancial Services0.05%$53,758HYP-BCBP
175ECBKECB BANCORP INCFinancial Services0.05%$52,795HYP-ECBK
176AOUTAMERICAN OUTDOOR BRANDS INCIndustrials0.05%$52,254HYP-AOUT
177MNSBMAINSTREET BANCSHARES INCFinancial Services0.05%$51,592HYP-MNSB
178FGBIFIRST GUARANTY BANCSHARES INCFinancial Services0.05%$49,426HYP-FGBI
179SRBKSR BANCORP INCFinancial Services0.05%$47,892HYP-SRBK
180NINENINE ENERGY SERVICE INCEnergy0.05%$47,501HYP-NINE
181EXODEXODUS MOVEMENT INCTechnology0.05%$45,696HYP-EXOD
182HOFTHOOKER FURNISHINGS CORPConsumer Cyclical0.05%$45,635HYP-HOFT
183HURCHURCO COMPANIES INCIndustrials0.04%$42,627HYP-HURC
184WHFWHITEHORSE FINANCE INCFinancial Services0.04%$42,116HYP-WHF
185AXRAMREP CORPReal Estate0.04%$40,852HYP-AXR
186HYNEHOYNE BANCORP INCFinancial Services0.04%$40,672HYP-HYNE
187LSBKLAKE SHORE BANCORP INCFinancial Services0.04%$40,582HYP-LSBK
188FIRYFIRY INCTechnology0.04%$38,957HYP-FIRY
189ACRACRES COMMERCIAL REALTY CORPReal Estate0.04%$38,175HYP-ACR
190GHIGREYSTONE HOUSING IMPACT INVESTORS LPFinancial Services0.04%$37,062HYP-GHI
191UFIUNIFI INCConsumer Cyclical0.04%$35,347HYP-UFI
192BSBKBOGOTA FINANCIAL CORPFinancial Services0.03%$34,866HYP-BSBK
193FNWBFIRST NORTHWEST BANCORPFinancial Services0.03%$34,776HYP-FNWB
194MEDMEDIFAST INCConsumer Cyclical0.03%$34,324HYP-MED
195STHOSTAR HOLDINGSReal Estate0.03%$34,204HYP-STHO
196MGYRMAGYAR BANCORP INCFinancial Services0.03%$34,114HYP-MGYR
197SUNSSUNRISE REALTY TRUST INCReal Estate0.03%$33,753HYP-SUNS
198PROVPROVIDENT FINANCIAL HOLDINGS INCFinancial Services0.03%$32,369HYP-PROV
199PBHCPATHFINDER BANCORP INCFinancial Services0.03%$30,835HYP-PBHC
200VIRCVIRCO MFG CORPORATIONConsumer Cyclical0.03%$29,210HYP-VIRC
201FDSBFIFTH DISTRICT BANCORP INCFinancial Services0.03%$28,218HYP-FDSB
202AUBNAUBURN NATIONAL BANCORPORATION INCFinancial Services0.03%$27,947HYP-AUBN
203FUSBFIRST US BANCSHARES INCFinancial Services0.03%$27,646HYP-FUSB
204BCICBCP INVESTMENT CORPFinancial Services0.03%$27,225HYP-BCIC
205BYFCBROADWAY FINANCIAL CORPFinancial Services0.03%$26,834HYP-BYFC
206PFXPHENIXFIN CORPFinancial Services0.03%$26,683HYP-PFX
207RPTRITHM PROPERTY TRUST INCReal Estate0.03%$25,450HYP-RPT
208CPBICENTRAL PLAINS BANCSHARES INCIndustrials0.03%$25,420HYP-CPBI
209IORINCOME OPPORTUNITY REALTY INVESTORS INCFinancial Services0.03%$25,390HYP-IOR
210FRMMFORUM MARKETS INCHealthcare0.02%$24,848HYP-FRMM
211AUCATIF HOLDINGS LTDFinancial Services0.02%$24,638HYP-AUC
212FSEAFIRST SEACOAST BANCORP INCFinancial Services0.02%$23,825HYP-FSEA
213BDLFLANIGANS ENTERPRISES INCConsumer Cyclical0.02%$22,983HYP-BDL
214ACETADICET BIO INCHealthcare0.02%$22,833HYP-ACET
215GECCGREAT ELM CAPITAL CORPFinancial Services0.02%$22,321HYP-GECC
216OPHCOPTIMUMBANK HOLDINGS INCFinancial Services0.02%$22,261HYP-OPHC
217NSTSNSTS BANCORP INCFinancial Services0.02%$21,870HYP-NSTS
218KGKESTREL GROUP LTDFinancial Services0.02%$21,660HYP-KG
219AGPUAXE COMPUTE INCHealthcare0.02%$21,509HYP-AGPU
220CLSTCATALYST BANCORP INCFinancial Services0.02%$21,058HYP-CLST
221DITAMCON DISTRIBUTING COConsumer Defensive0.02%$19,975HYP-DIT
222IMAIMAGENEBIO INCHealthcare0.02%$18,260HYP-IMA
223BRIDBRIDGFORD FOODS CORPConsumer Defensive0.02%$17,719HYP-BRID
224XLOXILIO THERAPEUTICS INCHealthcare0.02%$15,974HYP-XLO
225APTALPHA PRO TECH LTDBasic Materials0.02%$15,854HYP-APT
226TCBSTEXAS COMMUNITY BANCSHARES INCFinancial Services0.02%$15,162HYP-TCBS
227TILINSTIL BIO INCHealthcare0.02%$15,132HYP-TIL

DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.

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