================================================================================================ DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE. ================================================================================================ Foundry Book Leverage Factor ETF (FBOO) Fact Sheet · July 2026 · Dated 2026-09-12 Issuer: ETF Foundry Research (hypothetical) | Listing: Not listed (hypothetical) | CUSIP: Not applicable (hypothetical model portfolio) ## Investment Objective The Fund seeks long-term capital appreciation by tracking a rules-based Book Leverage factor model, before the placeholder expense ratio and trading costs. ## Key Facts Item | Value ------------------------------+---------------------------------------------- Ticker (pseudo) | FBOO CUSIP | Not applicable (hypothetical model portfolio) Listing exchange | Not listed (hypothetical) Underlying model | Book Leverage factor (All stocks) Placeholder expense ratio | 0.29% Placeholder inception date | 2022-08-17 Number of holdings (long leg) | 286 Weighting | Cap-weighted Rebalance frequency | Monthly Holdings as of | July 2026 ## Performance The following performance is HYPOTHETICAL and BACKTESTED — it was calculated by applying the model to historical data with the benefit of hindsight, is gross of the placeholder expense ratio and trading costs, and does not represent the results of any actual account. Past (hypothetical) performance does not guarantee or predict future results. ## Hypothetical Calendar-Year Total Returns (long-short backtest) Year | Hypothetical Total Return -----+-------------------------- 2017 | 6.50% 2018 | -3.84% 2019 | 2.27% 2020 | 26.44% 2021 | -35.56% 2022 | -28.63% 2023 | 7.06% 2024 | -14.73% 2025 | 5.26% 2026 | 6.34% ## Average Annual Total Returns (hypothetical, as of the most recent sample month) Period | Hypothetical Avg. Annual Total Return ------------------------------------+-------------------------------------- 1 Year | 9.08% 3 Years | -2.08% 5 Years | -10.96% 10 Years | -6.25% Since Model Inception (full sample) | -3.06% ## Top 10 Holdings (of 286) # | Ticker | Company | Sector | Weight | Market Value ---+--------+------------------------------------+--------------------+--------+------------- 1 | AMD | ADVANCED MICRO DEVICES INC | Technology | 30.64% | $30,637,403 2 | PLTR | PALANTIR TECHNOLOGIES INC | Technology | 12.03% | $12,027,624 3 | SNDK | SANDISK CORP | Technology | 7.60% | $7,603,955 4 | ISRG | INTUITIVE SURGICAL INC | Healthcare | 4.64% | $4,636,425 5 | MNST | MONSTER BEVERAGE CORP | Consumer Defensive | 3.61% | $3,613,932 6 | MPWR | MONOLITHIC POWER SYSTEMS INC | Technology | 2.44% | $2,442,945 7 | ALAB | ASTERA LABS INC | Technology | 1.97% | $1,972,397 8 | GRMN | GARMIN LTD | Technology | 1.82% | $1,824,070 9 | RKLB | ROCKET LAB CORP | Industrials | 1.48% | $1,483,199 10 | CRDO | CREDO TECHNOLOGY GROUP HOLDING LTD | Technology | 1.43% | $1,432,421 ## Sector Allocation Sector | Weight | # Holdings -----------------------+--------+----------- Technology | 66.65% | 67 Healthcare | 17.29% | 130 Industrials | 5.30% | 41 Consumer Defensive | 3.77% | 2 Communication Services | 2.80% | 3 Energy | 1.20% | 4 Financial Services | 1.08% | 9 Basic Materials | 0.85% | 16 Consumer Cyclical | 0.69% | 7 Utilities | 0.30% | 3 Unclassified | 0.05% | 2 Real Estate | 0.01% | 2 ## Portfolio Characteristics (hypothetical) Characteristic | Value -------------------------------+-------- Sharpe ratio (full sample) | -0.01 Annualized volatility | 23.63% Maximum drawdown | -88.26% Average monthly turnover | 8.28% Out-of-sample Sharpe (2019-26) | -0.25 ================================================================================================ DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE. ================================================================================================