ETF Foundry

Fund

Item	Value
Ticker (pseudo)	FDOL
CUSIP	Not applicable (hypothetical model portfolio)
Listing exchange	Not listed (hypothetical)
Underlying model	DolVol factor (All stocks)
Placeholder expense ratio	0.29%
Placeholder inception date	2022-05-16
Number of holdings (long leg)	321
Weighting	Cap-weighted
Rebalance frequency	Monthly
Holdings as of	July 2026

Holdings as of July 2026 (321 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)

#	Ticker	Company	Sector	Weight	Market Value	CUSIP
1	AAC.U	ARES ACQUISITION CORP III	Industrials	5.12%	$5,124,149	HYP-AAC.U
2	ALF	CENTURION ACQUISITION CORP	Industrials	0.95%	$953,110	HYP-ALF
3	DMII	DRUGS MADE IN AMERICA ACQUISITION II CORP	Industrials	0.87%	$869,553	HYP-DMII
4	AENT	ALLIANCE ENTERTAINMENT HOLDING CORP	Communication Services	0.87%	$868,605	HYP-AENT
5	CXII	CHURCHILL CAPITAL CORP XII	Industrials	0.81%	$807,936	HYP-CXII
6	CEPF	CANTOR EQUITY PARTNERS IV INC	Industrials	0.81%	$807,665	HYP-CEPF
7	CRD.A	CRAWFORD & CO	Financial Services	0.73%	$726,682	HYP-CRD.A
8	MLAA	MOUNTAIN LAKE ACQUISITION CORP II	Industrials	0.66%	$659,376	HYP-MLAA
9	KRSP	RICE ACQUISITION CORP 3	Industrials	0.66%	$656,668	HYP-KRSP
10	CRAN	CRANE HARBOR ACQUISITION CORP II	Industrials	0.65%	$645,292	HYP-CRAN
11	ANSC	AGRICULTURE & NATURAL SOLUTIONS ACQUISITION CORP	Industrials	0.64%	$643,667	HYP-ANSC
12	GTEN	GORES HOLDINGS X INC	Industrials	0.64%	$639,740	HYP-GTEN
13	ZKP	LAFAYETTE DIGITAL ACQUISITION CORP I	Industrials	0.63%	$630,802	HYP-ZKP
14	IEAG	INFINITE EAGLE ACQUISITION CORP	Industrials	0.60%	$601,686	HYP-IEAG
15	KBON	KARBON CAPITAL PARTNERS CORP	Industrials	0.60%	$600,196	HYP-KBON
16	IACO	IDEA ACQUISITION CORP	Industrials	0.59%	$588,956	HYP-IACO
17	DBCA	D BORAL ACQUISITION I CORP	Industrials	0.58%	$584,758	HYP-DBCA
18	MESH	MESHFLOW ACQUISITION CORP	Industrials	0.58%	$584,623	HYP-MESH
19	PBFS	PIONEER BANCORP INC	Financial Services	0.58%	$583,133	HYP-PBFS
20	SGU	STAR GROUP LP	Energy	0.58%	$582,050	HYP-SGU
21	KFII	K&F GROWTH ACQUISITION CORP II	Industrials	0.56%	$562,413	HYP-KFII
22	CLBR	COLOMBIER ACQUISITION CORP III	Industrials	0.56%	$558,215	HYP-CLBR
23	GCGR	GENERAL CATALYST GLOBAL RESILIENCE MERGER CORP	Industrials	0.55%	$552,256	HYP-GCGR
24	BCCQU	BLEICHROEDER ACQUISITION CORP III	Industrials	0.55%	$547,110	HYP-BCCQU
25	GHXIU	GORES HOLDINGS XI INC	Industrials	0.54%	$542,912	HYP-GHXIU
26	GBLI	GLOBAL INDEMNITY GROUP LLC	Financial Services	0.54%	$541,693	HYP-GBLI
27	NPAC	NEW PROVIDENCE ACQUISITION CORP III	Industrials	0.54%	$540,475	HYP-NPAC
28	TCI	TRANSCONTINENTAL REALTY INVESTORS INC	Real Estate	0.53%	$533,568	HYP-TCI
29	TACO	BERTO ACQUISITION CORP	Industrials	0.53%	$533,433	HYP-TACO
30	VHI	VALHI INC	Basic Materials	0.53%	$532,349	HYP-VHI
31	MBAV	M3-BRIGADE ACQUISITION V CORP	Industrials	0.53%	$529,235	HYP-MBAV
32	WENN	WEN ACQUISITION CORP	Industrials	0.52%	$524,359	HYP-WENN
33	VALU	VALUE LINE INC	Financial Services	0.52%	$521,245	HYP-VALU
34	HACQ	HCM IV ACQUISITION CORP	Industrials	0.51%	$510,682	HYP-HACQ
35	ULH	UNIVERSAL LOGISTICS HOLDINGS INC	Industrials	0.51%	$510,275	HYP-ULH
36	FDMMU	FREEDOM METALS ACQUISITION CORP	Industrials	0.51%	$506,213	HYP-FDMMU
37	GIW	GIGCAPITAL8 CORP	Industrials	0.50%	$498,358	HYP-GIW
38	FCRS	FUTURECREST ACQUISITION CORP	Industrials	0.50%	$496,868	HYP-FCRS
39	GIX	GIGCAPITAL9 CORP	Industrials	0.49%	$491,993	HYP-GIX
40	NC	NACCO INDUSTRIES INC	Basic Materials	0.49%	$489,826	HYP-NC
41	CCII	COHEN CIRCLE ACQUISITION CORP II	Industrials	0.49%	$487,660	HYP-CCII
42	IPCX	INFLECTION POINT ACQUISITION CORP III	Industrials	0.49%	$485,493	HYP-IPCX
43	ACAA	AVERIN CAPITAL ACQUISITION CORP	Industrials	0.48%	$483,191	HYP-ACAA
44	KCHV	KOCHAV DEFENSE ACQUISITION CORP	Industrials	0.48%	$481,972	HYP-KCHV
45	ARCI	ARCHIMEDES TECH SPAC PARTNERS III CO	Industrials	0.48%	$481,836	HYP-ARCI
46	YICCU	YORKVILLE INTERNATIONAL CAPITAL CORP	Industrials	0.48%	$479,940	HYP-YICCU
47	HCIC	HENNESSY CAPITAL INVESTMENT CORP VIII	Industrials	0.48%	$479,534	HYP-HCIC
48	SOUL	SOULPOWER ACQUISITION CORP	Industrials	0.48%	$477,232	HYP-SOUL
49	KCAC.U	KENSINGTON CAPITAL ACQUISITION CORP VI	Industrials	0.48%	$475,201	HYP-KCAC.U
50	SBXE	SILVERBOX CORP V	Industrials	0.47%	$474,253	HYP-SBXE
51	GPAC	GENERAL PURPOSE ACQUISITION CORP	Industrials	0.47%	$473,169	HYP-GPAC
52	TLNC	TALON CAPITAL CORP	Industrials	0.47%	$473,034	HYP-TLNC
53	BLZR	TRAILBLAZER ACQUISITION CORP	Industrials	0.47%	$472,086	HYP-BLZR
54	YICC	YORKVILLE INTERNATIONAL CAPITAL CORP	Industrials	0.47%	$471,815	HYP-YICC
55	ARTC	ART TECHNOLOGY ACQUISITION CORP	Industrials	0.47%	$470,325	HYP-ARTC
56	DSAC	DAEDALUS SPECIAL ACQUISITION CORP	Industrials	0.47%	$467,888	HYP-DSAC
57	PTOR	PRAETORIAN ACQUISITION CORP	Industrials	0.46%	$459,356	HYP-PTOR
58	BEAG	BOLD EAGLE ACQUISITION CORP	Industrials	0.45%	$452,991	HYP-BEAG
59	MLP	MAUI LAND & PINEAPPLE CO INC	Real Estate	0.45%	$452,991	HYP-MLP
60	BLUW	BLUE WATER ACQUISITION CORP III	Industrials	0.45%	$451,502	HYP-BLUW
61	CUB	LIONHEART HOLDINGS	Industrials	0.45%	$448,116	HYP-CUB
62	XRPN	ARMADA ACQUISITION CORP II	Industrials	0.45%	$446,626	HYP-XRPN
63	RTAC	RENATUS TACTICAL ACQUISITION CORP I	Industrials	0.45%	$445,678	HYP-RTAC
64	PCAP	PROCAP ACQUISITION CORP	Industrials	0.44%	$441,886	HYP-PCAP
65	NODK	NI HOLDINGS INC	Financial Services	0.44%	$441,345	HYP-NODK
66	OBA	OXLEY BRIDGE ACQUISITION LTD	Industrials	0.44%	$439,449	HYP-OBA
67	SZZL	SIZZLE ACQUISITION CORP II	Industrials	0.44%	$439,449	HYP-SZZL
68	DRDB	ROMAN DBDR ACQUISITION CORP II	Industrials	0.44%	$438,907	HYP-DRDB
69	PMTR	PERIMETER ACQUISITION CORP I	Industrials	0.44%	$435,386	HYP-PMTR
70	CAES	CANTOR EQUITY PARTNERS VII INC	Unclassified	0.43%	$434,709	HYP-CAES
71	KOYN	CSLM DIGITAL ASSET ACQUISITION CORP III LTD	Industrials	0.43%	$434,167	HYP-KOYN
72	SAAQ	SPACE ASSET ACQUISITION CORP	Industrials	0.43%	$432,542	HYP-SAAQ
73	GUACU	BERTO ACQUISITION CORP II	Industrials	0.43%	$431,188	HYP-GUACU
74	POLE	ANDRETTI ACQUISITION CORP II	Industrials	0.43%	$431,188	HYP-POLE
75	JACS	JACKSON ACQUISITION CO II	Industrials	0.43%	$428,750	HYP-JACS
76	SAC	SAFEGUARD ACQUISITION CORP	Industrials	0.43%	$428,209	HYP-SAC
77	TVA	TEXAS VENTURES ACQUISITION III CORP	Industrials	0.43%	$427,396	HYP-TVA
78	MKTW	MARKETWISE INC	Technology	0.43%	$425,500	HYP-MKTW
79	SVIV	SPRING VALLEY ACQUISITION CORP IV	Industrials	0.42%	$424,823	HYP-SVIV
80	AEAQ	ACTIVATE ENERGY ACQUISITION CORP	Industrials	0.42%	$424,417	HYP-AEAQ
81	LPAA	LAUNCH ONE ACQUISITION CORP	Industrials	0.42%	$423,604	HYP-LPAA
82	MTAL	METALS ACQUISITION CORP II	Industrials	0.42%	$423,604	HYP-MTAL
83	LEGO	LEGATO MERGER CORP IV	Industrials	0.42%	$422,115	HYP-LEGO
84	CGCFU	CARTESIAN GROWTH CORP IV	Industrials	0.42%	$421,979	HYP-CGCFU
85	PAMT	PAMT CORP	Industrials	0.42%	$420,896	HYP-PAMT
86	GUAC	BERTO ACQUISITION CORP II	Industrials	0.42%	$420,625	HYP-GUAC
87	GRAF	GRAF GLOBAL CORP	Industrials	0.42%	$419,677	HYP-GRAF
88	CIX	COMPX INTERNATIONAL INC	Industrials	0.42%	$418,864	HYP-CIX
89	RAC	RITHM ACQUISITION CORP	Industrials	0.42%	$415,750	HYP-RAC
90	VHCP	VINE HILL CAPITAL INVESTMENT CORP II	Industrials	0.42%	$415,343	HYP-VHCP
91	FDBC	FIDELITY D & D BANCORP INC	Financial Services	0.41%	$412,500	HYP-FDBC
92	CAII	CAPITAL ASSOCIATES INC	Technology	0.41%	$411,010	HYP-CAII
93	JENA	JENA ACQUISITION CORP II	Industrials	0.41%	$407,760	HYP-JENA
94	OTGA	OTG ACQUISITION CORP I	Industrials	0.41%	$406,676	HYP-OTGA
95	HVMC	HIGHVIEW MERGER CORP	Industrials	0.41%	$405,864	HYP-HVMC
96	GSRF	GSR IV ACQUISITION CORP	Industrials	0.41%	$405,051	HYP-GSRF
97	SVAQ	SILICON VALLEY ACQUISITION CORP	Industrials	0.40%	$399,093	HYP-SVAQ
98	IRHO	IRON HORSE ACQUISITION II CORP	Industrials	0.40%	$398,009	HYP-IRHO
99	HCAC	HALL CHADWICK ACQUISITION CORP	Industrials	0.40%	$397,468	HYP-HCAC
100	AACB	ARTIUS II ACQUISITION INC	Industrials	0.40%	$395,030	HYP-AACB
101	TKNO	ALPHA TEKNOVA INC	Healthcare	0.39%	$393,540	HYP-TKNO
102	KPET	KPET ULTRA PACELINE CORP	Industrials	0.39%	$391,238	HYP-KPET
103	NL	NL INDUSTRIES INC	Industrials	0.39%	$390,426	HYP-NL
104	ADAC	AMERICAN DRIVE ACQUISITION CO	Industrials	0.39%	$390,155	HYP-ADAC
105	FGII	FG IMPERII ACQUISITION CORP	Industrials	0.39%	$390,019	HYP-FGII
106	IACQ	IRENIC ACQUISITION CORP	Industrials	0.38%	$379,998	HYP-IACQ
107	BRT	BRT APARTMENTS CORP	Real Estate	0.38%	$379,863	HYP-BRT
108	XCBE	X3 ACQUISITION CORP LTD	Industrials	0.38%	$378,915	HYP-XCBE
109	PAII	PYROPHYTE ACQUISITION CORP II	Industrials	0.38%	$377,696	HYP-PAII
110	QLEP	QUANTUM LEAP ACQUISITION CORP	Industrials	0.38%	$376,071	HYP-QLEP
111	NHIV	NEWHOLD INVESTMENT CORP IV	Unclassified	0.37%	$374,987	HYP-NHIV
112	SBXD	SILVERBOX CORP IV	Industrials	0.37%	$372,279	HYP-SBXD
113	CCCTU	COLUMBUS CIRCLE CAPITAL CORP III	Industrials	0.37%	$371,195	HYP-CCCTU
114	VII.U	VIKING ACQUISITION CORP II	Unclassified	0.37%	$369,300	HYP-VII.U
115	HVII	HENNESSY CAPITAL INVESTMENT CORP VII	Industrials	0.37%	$369,029	HYP-HVII
116	MUZE	MUZERO ACQUISITION CORP	Industrials	0.37%	$368,487	HYP-MUZE
117	CEPO	CANTOR EQUITY PARTNERS I INC	Industrials	0.37%	$367,133	HYP-CEPO
118	DNMX	DYNAMIX CORP III	Industrials	0.36%	$363,747	HYP-DNMX
119	JABRU	JAB ACQUISITION CORP I	Industrials	0.36%	$355,757	HYP-JABRU
120	CFFI	C & F FINANCIAL CORP	Financial Services	0.35%	$352,507	HYP-CFFI
121	DMAA	DRUGS MADE IN AMERICA ACQUISITION CORP	Industrials	0.35%	$350,747	HYP-DMAA
122	NTWO	NEWBURY STREET II ACQUISITION CORP	Industrials	0.35%	$350,747	HYP-NTWO
123	FACT	FACT II ACQUISITION CORP	Industrials	0.35%	$350,476	HYP-FACT
124	TRGS	TRG LATIN AMERICA ACQUISITIONS CORP	Industrials	0.35%	$348,715	HYP-TRGS
125	PLMK	PLUM ACQUISITION CORP IV	Industrials	0.35%	$347,632	HYP-PLMK
126	ARL	AMERICAN REALTY INVESTORS INC	Real Estate	0.35%	$347,361	HYP-ARL
127	ISNRU	SNOW ROTHSCHILD ACQUISITION CORP	Industrials	0.34%	$338,965	HYP-ISNRU
128	SAMO.U	SAMOS ENERGY ACQUISITION CORP	Industrials	0.34%	$337,204	HYP-SAMO.U
129	WLCOU	WILCO 63 CORP	Industrials	0.34%	$336,798	HYP-WLCOU
130	MKLY	MCKINLEY ACQUISITION CORP	Industrials	0.34%	$335,985	HYP-MKLY
131	COPL	COPLEY ACQUISITION CORP	Industrials	0.34%	$335,173	HYP-COPL
132	GTERA	GLOBA TERRA ACQUISITION CORP	Industrials	0.33%	$332,600	HYP-GTERA
133	IGAC	INVEST GREEN ACQUISITION CORP	Industrials	0.32%	$324,881	HYP-IGAC
134	DAAQ	DIGITAL ASSET ACQUISITION CORP	Industrials	0.32%	$323,797	HYP-DAAQ
135	GSRVU	GSR V ACQUISITION CORP	Industrials	0.32%	$322,308	HYP-GSRVU
136	MFIN	MEDALLION FINANCIAL CORP	Financial Services	0.32%	$321,360	HYP-MFIN
137	TDWD	TAILWIND 20 ACQUISITION CORP	Industrials	0.32%	$319,870	HYP-TDWD
138	MACI	MELAR ACQUISITION CORP I	Industrials	0.32%	$319,193	HYP-MACI
139	TDAC	TRANSLATIONAL DEVELOPMENT ACQUISITION CORP	Industrials	0.32%	$317,703	HYP-TDAC
140	AACP	APOGEE ACQUISITION CORP	Unclassified	0.32%	$317,162	HYP-AACP
141	GSRV	GSR V ACQUISITION CORP	Industrials	0.32%	$316,214	HYP-GSRV
142	HLXC	HELIX ACQUISITION CORP III	Industrials	0.32%	$316,078	HYP-HLXC
143	LATA	GALATA ACQUISITION CORP II	Industrials	0.32%	$315,401	HYP-LATA
144	DYOR	INSIGHT DIGITAL PARTNERS II	Industrials	0.31%	$313,641	HYP-DYOR
145	BLRK	BLUEROCK ACQUISITION CORP	Industrials	0.31%	$312,422	HYP-BLRK
146	SVCC	STELLAR V CAPITAL CORP (CAYMAN ISLANDS)	Industrials	0.31%	$310,526	HYP-SVCC
147	RDNW	RIDENOW GROUP INC	Consumer Cyclical	0.31%	$310,390	HYP-RDNW
148	IRAB	IRIS ACQUISITION CORP II	Industrials	0.31%	$308,630	HYP-IRAB
149	CRAC	CROWN RESERVE ACQUISITION CORP I	Industrials	0.31%	$306,869	HYP-CRAC
150	PTACU	PATRIOT ACQUISITION CORP	Industrials	0.30%	$299,827	HYP-PTACU
151	IDACU	IRON DOME ACQUISITION I CORP	Industrials	0.30%	$298,744	HYP-IDACU
152	PTAC	PATRIOT ACQUISITION CORP	Industrials	0.30%	$296,035	HYP-PTAC
153	IDAC	IRON DOME ACQUISITION I CORP	Industrials	0.29%	$293,733	HYP-IDAC
154	PMTS	CPI CARD GROUP INC	Financial Services	0.29%	$292,379	HYP-PMTS
155	EGHA	EGH ACQUISITION CORP	Industrials	0.29%	$287,910	HYP-EGHA
156	PALO	PALOMA ACQUISITION CORP I	Industrials	0.29%	$285,472	HYP-PALO
157	WLII	WILLOW LANE ACQUISITION CORP II	Industrials	0.28%	$279,920	HYP-WLII
158	FOCL	FOCAL INC	Healthcare	0.28%	$275,857	HYP-FOCL
159	BEBE	TGE VALUE CREATIVE SOLUTIONS CORP	Industrials	0.27%	$270,305	HYP-BEBE
160	FIGX	FIGX CAPITAL ACQUISITION CORP	Industrials	0.27%	$269,086	HYP-FIGX
161	LKSP	LAKE SUPERIOR ACQUISITION CORP	Industrials	0.27%	$268,680	HYP-LKSP
162	ETSS	ENERGY TRANSITION SPECIAL OPPORTUNITIES	Industrials	0.27%	$267,597	HYP-ETSS
163	CPSS	CONSUMER PORTFOLIO SERVICES INC	Financial Services	0.27%	$267,055	HYP-CPSS
164	AIIA	AI INFRASTRUCTURE ACQUISITION CORP	Industrials	0.27%	$266,242	HYP-AIIA
165	LFAC	LEAPFROG ACQUISITION CORP	Industrials	0.26%	$260,148	HYP-LFAC
166	RBKB	RHINEBECK BANCORP INC	Financial Services	0.26%	$257,440	HYP-RBKB
167	LARK	LANDMARK BANCORP INC	Financial Services	0.26%	$257,169	HYP-LARK
168	FINW	FINWISE BANCORP	Financial Services	0.26%	$256,492	HYP-FINW
169	WHG	WESTWOOD HOLDINGS GROUP INC	Financial Services	0.25%	$254,461	HYP-WHG
170	BVFL	BV FINANCIAL INC	Financial Services	0.25%	$252,023	HYP-BVFL
171	ACOG	ALPHA COGNITION INC	Healthcare	0.25%	$250,669	HYP-ACOG
172	SBMT	SILVER BOW MINING CORP	Basic Materials	0.25%	$250,262	HYP-SBMT
173	CBFV	CB FINANCIAL SERVICES INC	Financial Services	0.25%	$249,721	HYP-CBFV
174	AESPU	AEON ACQUISITION I CORP	Industrials	0.25%	$248,096	HYP-AESPU
175	OZ	BELPOINTE PREP LLC	Real Estate	0.25%	$245,116	HYP-OZ
176	BWIV	BLUE WATER ACQUISITION CORP IV	Unclassified	0.24%	$244,168	HYP-BWIV
177	ARCL	ARCHIPELAGO LEARNING INC	Consumer Defensive	0.24%	$240,376	HYP-ARCL
178	PAAC	PROEM ACQUISITION CORP I	Industrials	0.24%	$239,022	HYP-PAAC
179	CHEC	CHENGHE ACQUISITION III CO	Industrials	0.24%	$238,616	HYP-CHEC
180	ECBK	ECB BANCORP INC	Financial Services	0.24%	$237,668	HYP-ECBK
181	LEE	LEE ENTERPRISES INC	Consumer Cyclical	0.24%	$236,585	HYP-LEE
182	APMC	APPLIED MICROSYSTEMS CORP	Technology	0.23%	$233,741	HYP-APMC
183	RANG	RANGE CAPITAL ACQUISITION CORP	Industrials	0.23%	$232,116	HYP-RANG
184	HQI	HIREQUEST INC	Industrials	0.23%	$227,918	HYP-HQI
185	CTAA	CLEARTHINK 1 ACQUISITION CORP	Industrials	0.22%	$223,990	HYP-CTAA
186	NMP	NMP ACQUISITION CORP	Industrials	0.22%	$222,636	HYP-NMP
187	CHCI	COMSTOCK HOLDING COMPANIES INC	Real Estate	0.22%	$218,844	HYP-CHCI
188	PED	PEDEVCO CORP	Energy	0.22%	$218,438	HYP-PED
189	SAGU	SHREYA ACQUISITION GROUP	Industrials	0.22%	$217,084	HYP-SAGU
190	QRED	QUASAREDGE ACQUISITION CORP	Industrials	0.22%	$216,948	HYP-QRED
191	WENC	WEST ENCLAVE MERGER CORP	Industrials	0.22%	$215,865	HYP-WENC
192	SPEG	SILVER PEGASUS ACQUISITION CORP	Industrials	0.21%	$213,969	HYP-SPEG
193	NINE	NINE ENERGY SERVICE INC	Energy	0.21%	$213,833	HYP-NINE
194	FMAC	FUTURE MONEY ACQUISITION CORP	Industrials	0.21%	$213,292	HYP-FMAC
195	FNWD	FINWARD BANCORP	Financial Services	0.21%	$212,750	HYP-FNWD
196	EML	EASTERN CO	Industrials	0.21%	$208,552	HYP-EML
197	LGCY	LEGACY EDUCATION INC	Consumer Defensive	0.21%	$208,010	HYP-LGCY
198	CEPS	CANTOR EQUITY PARTNERS VI INC	Industrials	0.21%	$206,114	HYP-CEPS
199	EXOD	EXODUS MOVEMENT INC	Technology	0.21%	$205,708	HYP-EXOD
200	INAC	INDIGO ACQUISITION CORP	Industrials	0.21%	$205,437	HYP-INAC
201	YCY	AA MISSION ACQUISITION CORP II	Industrials	0.20%	$203,406	HYP-YCY
202	TRAD	APEX TECH ACQUISITION INC	Industrials	0.20%	$197,041	HYP-TRAD
203	PLUN	PLUTONIAN ACQUISITION CORP II	Industrials	0.19%	$190,541	HYP-PLUN
204	WHF	WHITEHORSE FINANCE INC	Financial Services	0.19%	$189,593	HYP-WHF
205	OCAC.U	OCEAN CAPITAL ACQUISITION CORP	Industrials	0.19%	$189,457	HYP-OCAC.U
206	BHAV	BHAV ACQUISITION CORP	Industrials	0.19%	$189,051	HYP-BHAV
207	AFBI	AFFINITY BANCSHARES INC	Financial Services	0.19%	$187,697	HYP-AFBI
208	XFLH	XFLH CAPITAL CORP	Industrials	0.19%	$187,697	HYP-XFLH
209	ACNT	ASCENT INDUSTRIES CO	Basic Materials	0.19%	$187,155	HYP-ACNT
210	UAC	UNITED ACQUISITION CORP I	Industrials	0.19%	$186,343	HYP-UAC
211	AXR	AMREP CORP	Real Estate	0.18%	$183,905	HYP-AXR
212	HYNE	HOYNE BANCORP INC	Financial Services	0.18%	$183,092	HYP-HYNE
213	LSBK	LAKE SHORE BANCORP INC	Financial Services	0.18%	$182,686	HYP-LSBK
214	VECA	VERNAL CAPITAL ACQUISITION CORP	Industrials	0.18%	$178,353	HYP-VECA
215	ALPXU	ALPEX ACQUISITION CORP	Industrials	0.18%	$176,050	HYP-ALPXU
216	ALPX	ALPEX ACQUISITION CORP	Industrials	0.17%	$171,988	HYP-ALPX
217	ACR	ACRES COMMERCIAL REALTY CORP	Real Estate	0.17%	$171,852	HYP-ACR
218	IPEX	INFLECTION POINT ACQUISITION CORP V	Industrials	0.17%	$169,956	HYP-IPEX
219	GHI	GREYSTONE HOUSING IMPACT INVESTORS LP	Financial Services	0.17%	$166,842	HYP-GHI
220	BUDA	BUDA JUICE INC	Unclassified	0.16%	$164,404	HYP-BUDA
221	WSBK	WINCHESTER BANCORP INC	Financial Services	0.16%	$164,269	HYP-WSBK
222	SFBC	SOUND FINANCIAL BANCORP INC	Financial Services	0.16%	$162,914	HYP-SFBC
223	AKA	AKA BRANDS HOLDING CORP	Consumer Cyclical	0.16%	$161,425	HYP-AKA
224	BRKH	BURTECH ACQUISITION CORP II	Industrials	0.16%	$160,748	HYP-BRKH
225	TSQ	TOWNSQUARE MEDIA INC	Communication Services	0.16%	$160,748	HYP-TSQ
226	UNB	UNION BANKSHARES INC	Financial Services	0.16%	$158,716	HYP-UNB
227	QUMS	QUANTUMSPHERE ACQUISITION CORP	Industrials	0.16%	$158,445	HYP-QUMS
228	BSBK	BOGOTA FINANCIAL CORP	Financial Services	0.16%	$156,956	HYP-BSBK
229	FNWB	FIRST NORTHWEST BANCORP	Financial Services	0.16%	$156,549	HYP-FNWB
230	NCSM	NCS MULTISTAGE HOLDINGS INC	Energy	0.15%	$154,924	HYP-NCSM
231	STHO	STAR HOLDINGS	Real Estate	0.15%	$153,976	HYP-STHO
232	MGYR	MAGYAR BANCORP INC	Financial Services	0.15%	$153,570	HYP-MGYR
233	SCOR	COMSCORE INC	Communication Services	0.15%	$153,164	HYP-SCOR
234	FWACU	FUTUREWAVE ACQUISITION CORP	Industrials	0.15%	$152,351	HYP-FWACU
235	SUNS	SUNRISE REALTY TRUST INC	Real Estate	0.15%	$151,945	HYP-SUNS
236	FXACU	FORTUNEX ACQUISITION CORP	Industrials	0.15%	$149,372	HYP-FXACU
237	KEQU	KEWAUNEE SCIENTIFIC CORP	Consumer Cyclical	0.15%	$148,153	HYP-KEQU
238	USGO	US GOLDMINING INC	Basic Materials	0.15%	$147,070	HYP-USGO
239	PROV	PROVIDENT FINANCIAL HOLDINGS INC	Financial Services	0.15%	$145,716	HYP-PROV
240	RVSB	RIVERVIEW BANCORP INC	Financial Services	0.15%	$145,038	HYP-RVSB
241	QSEA	QUARTZSEA ACQUISITION CORP	Industrials	0.14%	$144,632	HYP-QSEA
242	FTLF	FITLIFE BRANDS INC	Consumer Defensive	0.14%	$140,705	HYP-FTLF
243	PBHC	PATHFINDER BANCORP INC	Financial Services	0.14%	$138,809	HYP-PBHC
244	NOEM	CO2 ENERGY TRANSITION CORP	Industrials	0.14%	$137,319	HYP-NOEM
245	RACC	RESEARCH ALLIANCE CORP III	Industrials	0.14%	$137,184	HYP-RACC
246	ICCC	IMMUCELL CORP	Healthcare	0.14%	$136,236	HYP-ICCC
247	ROC	RANK ONE COMPUTING CORP	Technology	0.13%	$132,850	HYP-ROC
248	AMAN	AMANAT ACQUISITION CORP	Industrials	0.13%	$132,038	HYP-AMAN
249	VIRC	VIRCO MFG CORPORATION	Consumer Cyclical	0.13%	$131,496	HYP-VIRC
250	VRCA	VERRICA PHARMACEUTICALS INC	Healthcare	0.13%	$130,006	HYP-VRCA
251	RACD	RESEARCH ALLIANCE CORP IV	Industrials	0.13%	$128,111	HYP-RACD
252	FDSB	FIFTH DISTRICT BANCORP INC	Financial Services	0.13%	$127,027	HYP-FDSB
253	PTHS	PELTHOS THERAPEUTICS INC	Healthcare	0.13%	$127,027	HYP-PTHS
254	LCCC	LAKESHORE ACQUISITION III CORP	Industrials	0.13%	$125,944	HYP-LCCC
255	AUBN	AUBURN NATIONAL BANCORPORATION INC	Financial Services	0.13%	$125,808	HYP-AUBN
256	FUSB	FIRST US BANCSHARES INC	Financial Services	0.12%	$124,454	HYP-FUSB
257	ULBI	ULTRALIFE CORP	Industrials	0.12%	$124,319	HYP-ULBI
258	BCIC	BCP INVESTMENT CORP	Financial Services	0.12%	$122,558	HYP-BCIC
259	SIMA	SIM ACQUISITION CORP I	Industrials	0.12%	$121,746	HYP-SIMA
260	BYFC	BROADWAY FINANCIAL CORP	Financial Services	0.12%	$120,798	HYP-BYFC
261	BSAA	BEST SPAC I ACQUISITION CORP	Industrials	0.12%	$120,391	HYP-BSAA
262	OPXS	OPTEX SYSTEMS HOLDINGS INC	Industrials	0.12%	$120,256	HYP-OPXS
263	MHH	MASTECH DIGITAL INC	Industrials	0.12%	$119,850	HYP-MHH
264	UBCP	UNITED BANCORP INC	Financial Services	0.12%	$119,850	HYP-UBCP
265	JATT	JATT II ACQUISITION CORP	Industrials	0.12%	$119,579	HYP-JATT
266	PARK	PARK DENTAL PARTNERS INC	Healthcare	0.12%	$119,037	HYP-PARK
267	SOTK	SONO TEK CORP	Technology	0.12%	$117,006	HYP-SOTK
268	ALIS	CALISA ACQUISITION CORP	Industrials	0.12%	$115,922	HYP-ALIS
269	CSBR	CHAMPIONS ONCOLOGY INC	Healthcare	0.12%	$115,245	HYP-CSBR
270	CPBI	CENTRAL PLAINS BANCSHARES INC	Industrials	0.11%	$114,433	HYP-CPBI
271	IOR	INCOME OPPORTUNITY REALTY INVESTORS INC	Financial Services	0.11%	$114,297	HYP-IOR
272	NRXS	NEURAXIS INC	Healthcare	0.11%	$113,214	HYP-NRXS
273	APAC	STONEBRIDGE ACQUISITION II CORP	Industrials	0.11%	$112,672	HYP-APAC
274	VNCE	VINCE HOLDING CORP	Consumer Cyclical	0.11%	$111,995	HYP-VNCE
275	FVN	FUTURE VISION II ACQUISITION CORP	Industrials	0.11%	$111,724	HYP-FVN
276	CSPI	CSP INC	Technology	0.11%	$111,318	HYP-CSPI
277	AUC	ATIF HOLDINGS LTD	Financial Services	0.11%	$110,912	HYP-AUC
278	CPHC	CANTERBURY PARK HOLDING CORP	Consumer Cyclical	0.11%	$110,776	HYP-CPHC
279	BARK	BARK INC	Consumer Cyclical	0.11%	$110,641	HYP-BARK
280	DLHC	DLH HOLDINGS CORP	Industrials	0.11%	$107,932	HYP-DLHC
281	FSEA	FIRST SEACOAST BANCORP INC	Financial Services	0.11%	$107,255	HYP-FSEA
282	HNNA	HENNESSY ADVISORS INC	Financial Services	0.11%	$106,849	HYP-HNNA
283	SSEA	STARRY SEA ACQUISITION CORP	Industrials	0.11%	$106,307	HYP-SSEA
284	PIII	P3 HEALTH PARTNERS INC	Healthcare	0.11%	$106,172	HYP-PIII
285	SEAT	VIVID SEATS INC	Communication Services	0.11%	$105,495	HYP-SEAT
286	NTIC	NORTHERN TECHNOLOGIES INTERNATIONAL CORP	Basic Materials	0.10%	$104,005	HYP-NTIC
287	MAYS	MAYS J W INC	Real Estate	0.10%	$103,734	HYP-MAYS
288	WTG	WINTERGREEN ACQUISITION CORP	Industrials	0.10%	$103,328	HYP-WTG
289	FSI	FLEXIBLE SOLUTIONS INTERNATIONAL INC	Basic Materials	0.10%	$102,515	HYP-FSI
290	NBRG	NEWBRIDGE ACQUISITION LTD	Industrials	0.10%	$101,974	HYP-NBRG
291	BODI	BEACHBODY COMPANY INC	Communication Services	0.10%	$101,703	HYP-BODI
292	TISI	TEAM INC	Industrials	0.10%	$101,568	HYP-TISI
293	BPAC	BLUEPORT ACQUISITION LTD	Industrials	0.10%	$101,432	HYP-BPAC
294	GECC	GREAT ELM CAPITAL CORP	Financial Services	0.10%	$100,484	HYP-GECC
295	OPHC	OPTIMUMBANK HOLDINGS INC	Financial Services	0.10%	$100,213	HYP-OPHC
296	RGS	REGIS CORP	Consumer Cyclical	0.10%	$100,213	HYP-RGS
297	AIRT	AIR T INC	Industrials	0.10%	$98,724	HYP-AIRT
298	NSTS	NSTS BANCORP INC	Financial Services	0.10%	$98,453	HYP-NSTS
299	KG	KESTREL GROUP LTD	Financial Services	0.10%	$97,505	HYP-KG
300	ASPS	ALTISOURCE PORTFOLIO SOLUTIONS SA	Real Estate	0.10%	$96,963	HYP-ASPS
301	HFBL	HOME FEDERAL BANCORP INC OF LOUISIANA	Financial Services	0.10%	$95,067	HYP-HFBL
302	LNSR	LENSAR INC	Healthcare	0.10%	$95,067	HYP-LNSR
303	CLST	CATALYST BANCORP INC	Financial Services	0.09%	$94,796	HYP-CLST
304	DIT	AMCON DISTRIBUTING CO	Consumer Defensive	0.09%	$89,921	HYP-DIT
305	NDLS	NOODLES & CO	Consumer Cyclical	0.09%	$88,702	HYP-NDLS
306	BGSF	BGSF INC	Industrials	0.09%	$87,348	HYP-BGSF
307	IMA	IMAGENEBIO INC	Healthcare	0.08%	$82,202	HYP-IMA
308	BRID	BRIDGFORD FOODS CORP	Consumer Defensive	0.08%	$79,764	HYP-BRID
309	EDSA	EDESA BIOTECH INC	Healthcare	0.08%	$79,494	HYP-EDSA
310	SELF	GLOBAL SELF STORAGE INC	Real Estate	0.08%	$79,223	HYP-SELF
311	SKIL	SKILLSOFT CORP	Consumer Defensive	0.08%	$78,275	HYP-SKIL
312	SGA	SAGA COMMUNICATIONS INC	Communication Services	0.08%	$78,139	HYP-SGA
313	FSHP	FLAG SHIP ACQUISITION CORP	Industrials	0.08%	$76,108	HYP-FSHP
314	LNZA	LANZATECH GLOBAL INC	Industrials	0.08%	$76,108	HYP-LNZA
315	TACT	TRANSACT TECHNOLOGIES INC	Technology	0.07%	$72,722	HYP-TACT
316	INKT	MINK THERAPEUTICS INC	Healthcare	0.07%	$71,910	HYP-INKT
317	MCRB	SERES THERAPEUTICS INC	Healthcare	0.07%	$69,878	HYP-MCRB
318	EXOZ	EXOZYMES INC	Healthcare	0.07%	$69,066	HYP-EXOZ
319	TCBS	TEXAS COMMUNITY BANCSHARES INC	Financial Services	0.07%	$68,253	HYP-TCBS
320	BKHA	BLACK HAWK ACQUISITION CORP	Industrials	0.07%	$68,118	HYP-BKHA
321	TIL	INSTIL BIO INC	Healthcare	0.07%	$68,118	HYP-TIL

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

Foundry DolVol Factor ETF

Fund

Holdings as of July 2026 (321 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)