ETF Foundry

Fund

Item	Value
Ticker (pseudo)	FDOI
CUSIP	Not applicable (hypothetical model portfolio)
Listing exchange	Not listed (hypothetical)
Underlying model	DolVol factor (Industrials only)
Placeholder expense ratio	0.45%
Placeholder inception date	2020-08-09
Number of holdings (long leg)	127
Weighting	Cap-weighted
Rebalance frequency	Monthly
Holdings as of	July 2026

Holdings as of July 2026 (127 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	10.53%	$10,525,379	HYP-AAC.U
2	ALF	CENTURION ACQUISITION CORP	Industrials	1.96%	$1,957,757	HYP-ALF
3	DMII	DRUGS MADE IN AMERICA ACQUISITION II CORP	Industrials	1.79%	$1,786,127	HYP-DMII
4	CXII	CHURCHILL CAPITAL CORP XII	Industrials	1.66%	$1,659,559	HYP-CXII
5	CEPF	CANTOR EQUITY PARTNERS IV INC	Industrials	1.66%	$1,659,003	HYP-CEPF
6	MLAA	MOUNTAIN LAKE ACQUISITION CORP II	Industrials	1.35%	$1,354,407	HYP-MLAA
7	KRSP	RICE ACQUISITION CORP 3	Industrials	1.35%	$1,348,844	HYP-KRSP
8	GTEN	GORES HOLDINGS X INC	Industrials	1.31%	$1,314,073	HYP-GTEN
9	IEAG	INFINITE EAGLE ACQUISITION CORP	Industrials	1.24%	$1,235,907	HYP-IEAG
10	KFII	K&F GROWTH ACQUISITION CORP II	Industrials	1.16%	$1,155,238	HYP-KFII
11	CLBR	COLOMBIER ACQUISITION CORP III	Industrials	1.15%	$1,146,615	HYP-CLBR
12	GCGR	GENERAL CATALYST GLOBAL RESILIENCE MERGER CORP	Industrials	1.13%	$1,134,375	HYP-GCGR
13	BCCQU	BLEICHROEDER ACQUISITION CORP III	Industrials	1.12%	$1,123,805	HYP-BCCQU
14	GHXIU	GORES HOLDINGS XI INC	Industrials	1.12%	$1,115,182	HYP-GHXIU
15	NPAC	NEW PROVIDENCE ACQUISITION CORP III	Industrials	1.11%	$1,110,175	HYP-NPAC
16	MBAV	M3-BRIGADE ACQUISITION V CORP	Industrials	1.09%	$1,087,087	HYP-MBAV
17	WENN	WEN ACQUISITION CORP	Industrials	1.08%	$1,077,072	HYP-WENN
18	HACQ	HCM IV ACQUISITION CORP	Industrials	1.05%	$1,048,977	HYP-HACQ
19	CCII	COHEN CIRCLE ACQUISITION CORP II	Industrials	1.00%	$1,001,688	HYP-CCII
20	IPCX	INFLECTION POINT ACQUISITION CORP III	Industrials	1.00%	$997,238	HYP-IPCX
21	ACAA	AVERIN CAPITAL ACQUISITION CORP	Industrials	0.99%	$992,509	HYP-ACAA
22	KCHV	KOCHAV DEFENSE ACQUISITION CORP	Industrials	0.99%	$990,005	HYP-KCHV
23	ARCI	ARCHIMEDES TECH SPAC PARTNERS III CO	Industrials	0.99%	$989,727	HYP-ARCI
24	YICCU	YORKVILLE INTERNATIONAL CAPITAL CORP	Industrials	0.99%	$985,833	HYP-YICCU
25	HCIC	HENNESSY CAPITAL INVESTMENT CORP VIII	Industrials	0.98%	$984,998	HYP-HCIC
26	SOUL	SOULPOWER ACQUISITION CORP	Industrials	0.98%	$980,269	HYP-SOUL
27	KCAC.U	KENSINGTON CAPITAL ACQUISITION CORP VI	Industrials	0.98%	$976,097	HYP-KCAC.U
28	TLNC	TALON CAPITAL CORP	Industrials	0.97%	$971,646	HYP-TLNC
29	BLZR	TRAILBLAZER ACQUISITION CORP	Industrials	0.97%	$969,699	HYP-BLZR
30	YICC	YORKVILLE INTERNATIONAL CAPITAL CORP	Industrials	0.97%	$969,143	HYP-YICC
31	ARTC	ART TECHNOLOGY ACQUISITION CORP	Industrials	0.97%	$966,083	HYP-ARTC
32	PTOR	PRAETORIAN ACQUISITION CORP	Industrials	0.94%	$943,551	HYP-PTOR
33	CUB	LIONHEART HOLDINGS	Industrials	0.92%	$920,463	HYP-CUB
34	PCAP	PROCAP ACQUISITION CORP	Industrials	0.91%	$907,667	HYP-PCAP
35	OBA	OXLEY BRIDGE ACQUISITION LTD	Industrials	0.90%	$902,660	HYP-OBA
36	DRDB	ROMAN DBDR ACQUISITION CORP II	Industrials	0.90%	$901,547	HYP-DRDB
37	KOYN	CSLM DIGITAL ASSET ACQUISITION CORP III LTD	Industrials	0.89%	$891,812	HYP-KOYN
38	SAAQ	SPACE ASSET ACQUISITION CORP	Industrials	0.89%	$888,473	HYP-SAAQ
39	GUACU	BERTO ACQUISITION CORP II	Industrials	0.89%	$885,692	HYP-GUACU
40	JACS	JACKSON ACQUISITION CO II	Industrials	0.88%	$880,685	HYP-JACS
41	SAC	SAFEGUARD ACQUISITION CORP	Industrials	0.88%	$879,572	HYP-SAC
42	TVA	TEXAS VENTURES ACQUISITION III CORP	Industrials	0.88%	$877,903	HYP-TVA
43	SVIV	SPRING VALLEY ACQUISITION CORP IV	Industrials	0.87%	$872,618	HYP-SVIV
44	LPAA	LAUNCH ONE ACQUISITION CORP	Industrials	0.87%	$870,114	HYP-LPAA
45	MTAL	METALS ACQUISITION CORP II	Industrials	0.87%	$870,114	HYP-MTAL
46	LEGO	LEGATO MERGER CORP IV	Industrials	0.87%	$867,054	HYP-LEGO
47	CGCFU	CARTESIAN GROWTH CORP IV	Industrials	0.87%	$866,776	HYP-CGCFU
48	GUAC	BERTO ACQUISITION CORP II	Industrials	0.86%	$863,995	HYP-GUAC
49	GRAF	GRAF GLOBAL CORP	Industrials	0.86%	$862,047	HYP-GRAF
50	RAC	RITHM ACQUISITION CORP	Industrials	0.85%	$853,980	HYP-RAC
51	JENA	JENA ACQUISITION CORP II	Industrials	0.84%	$837,568	HYP-JENA
52	HVMC	HIGHVIEW MERGER CORP	Industrials	0.83%	$833,674	HYP-HVMC
53	HCAC	HALL CHADWICK ACQUISITION CORP	Industrials	0.82%	$816,428	HYP-HCAC
54	KPET	KPET ULTRA PACELINE CORP	Industrials	0.80%	$803,632	HYP-KPET
55	ADAC	AMERICAN DRIVE ACQUISITION CO	Industrials	0.80%	$801,406	HYP-ADAC
56	PAII	PYROPHYTE ACQUISITION CORP II	Industrials	0.78%	$775,815	HYP-PAII
57	QLEP	QUANTUM LEAP ACQUISITION CORP	Industrials	0.77%	$772,477	HYP-QLEP
58	SBXD	SILVERBOX CORP IV	Industrials	0.76%	$764,688	HYP-SBXD
59	HVII	HENNESSY CAPITAL INVESTMENT CORP VII	Industrials	0.76%	$758,012	HYP-HVII
60	DNMX	DYNAMIX CORP III	Industrials	0.75%	$747,163	HYP-DNMX
61	DMAA	DRUGS MADE IN AMERICA ACQUISITION CORP	Industrials	0.72%	$720,459	HYP-DMAA
62	NTWO	NEWBURY STREET II ACQUISITION CORP	Industrials	0.72%	$720,459	HYP-NTWO
63	FACT	FACT II ACQUISITION CORP	Industrials	0.72%	$719,903	HYP-FACT
64	TRGS	TRG LATIN AMERICA ACQUISITIONS CORP	Industrials	0.72%	$716,287	HYP-TRGS
65	MKLY	MCKINLEY ACQUISITION CORP	Industrials	0.69%	$690,139	HYP-MKLY
66	COPL	COPLEY ACQUISITION CORP	Industrials	0.69%	$688,470	HYP-COPL
67	IGAC	INVEST GREEN ACQUISITION CORP	Industrials	0.67%	$667,329	HYP-IGAC
68	GSRVU	GSR V ACQUISITION CORP	Industrials	0.66%	$662,043	HYP-GSRVU
69	TDWD	TAILWIND 20 ACQUISITION CORP	Industrials	0.66%	$657,036	HYP-TDWD
70	MACI	MELAR ACQUISITION CORP I	Industrials	0.66%	$655,646	HYP-MACI
71	TDAC	TRANSLATIONAL DEVELOPMENT ACQUISITION CORP	Industrials	0.65%	$652,586	HYP-TDAC
72	GSRV	GSR V ACQUISITION CORP	Industrials	0.65%	$649,526	HYP-GSRV
73	LATA	GALATA ACQUISITION CORP II	Industrials	0.65%	$647,857	HYP-LATA
74	BLRK	BLUEROCK ACQUISITION CORP	Industrials	0.64%	$641,737	HYP-BLRK
75	SVCC	STELLAR V CAPITAL CORP (CAYMAN ISLANDS)	Industrials	0.64%	$637,843	HYP-SVCC
76	IRAB	IRIS ACQUISITION CORP II	Industrials	0.63%	$633,948	HYP-IRAB
77	PTACU	PATRIOT ACQUISITION CORP	Industrials	0.62%	$615,867	HYP-PTACU
78	IDACU	IRON DOME ACQUISITION I CORP	Industrials	0.61%	$613,642	HYP-IDACU
79	PTAC	PATRIOT ACQUISITION CORP	Industrials	0.61%	$608,079	HYP-PTAC
80	IDAC	IRON DOME ACQUISITION I CORP	Industrials	0.60%	$603,350	HYP-IDAC
81	EGHA	EGH ACQUISITION CORP	Industrials	0.59%	$591,388	HYP-EGHA
82	PALO	PALOMA ACQUISITION CORP I	Industrials	0.59%	$586,381	HYP-PALO
83	WLII	WILLOW LANE ACQUISITION CORP II	Industrials	0.57%	$574,976	HYP-WLII
84	FIGX	FIGX CAPITAL ACQUISITION CORP	Industrials	0.55%	$552,723	HYP-FIGX
85	LKSP	LAKE SUPERIOR ACQUISITION CORP	Industrials	0.55%	$551,888	HYP-LKSP
86	ETSS	ENERGY TRANSITION SPECIAL OPPORTUNITIES	Industrials	0.55%	$549,663	HYP-ETSS
87	AIIA	AI INFRASTRUCTURE ACQUISITION CORP	Industrials	0.55%	$546,881	HYP-AIIA
88	AESPU	AEON ACQUISITION I CORP	Industrials	0.51%	$509,607	HYP-AESPU
89	CHEC	CHENGHE ACQUISITION III CO	Industrials	0.49%	$490,135	HYP-CHEC
90	RANG	RANGE CAPITAL ACQUISITION CORP	Industrials	0.48%	$476,783	HYP-RANG
91	CTAA	CLEARTHINK 1 ACQUISITION CORP	Industrials	0.46%	$460,092	HYP-CTAA
92	NMP	NMP ACQUISITION CORP	Industrials	0.46%	$457,311	HYP-NMP
93	SAGU	SHREYA ACQUISITION GROUP	Industrials	0.45%	$445,906	HYP-SAGU
94	CEPS	CANTOR EQUITY PARTNERS VI INC	Industrials	0.42%	$423,374	HYP-CEPS
95	YCY	AA MISSION ACQUISITION CORP II	Industrials	0.42%	$417,811	HYP-YCY
96	TRAD	APEX TECH ACQUISITION INC	Industrials	0.40%	$404,737	HYP-TRAD
97	PLUN	PLUTONIAN ACQUISITION CORP II	Industrials	0.39%	$391,385	HYP-PLUN
98	OCAC.U	OCEAN CAPITAL ACQUISITION CORP	Industrials	0.39%	$389,159	HYP-OCAC.U
99	BHAV	BHAV ACQUISITION CORP	Industrials	0.39%	$388,325	HYP-BHAV
100	UAC	UNITED ACQUISITION CORP I	Industrials	0.38%	$382,761	HYP-UAC
101	VECA	VERNAL CAPITAL ACQUISITION CORP	Industrials	0.37%	$366,349	HYP-VECA
102	ALPXU	ALPEX ACQUISITION CORP	Industrials	0.36%	$361,620	HYP-ALPXU
103	ALPX	ALPEX ACQUISITION CORP	Industrials	0.35%	$353,275	HYP-ALPX
104	IPEX	INFLECTION POINT ACQUISITION CORP V	Industrials	0.35%	$349,103	HYP-IPEX
105	FWACU	FUTUREWAVE ACQUISITION CORP	Industrials	0.31%	$312,941	HYP-FWACU
106	FXACU	FORTUNEX ACQUISITION CORP	Industrials	0.31%	$306,821	HYP-FXACU
107	QSEA	QUARTZSEA ACQUISITION CORP	Industrials	0.30%	$297,085	HYP-QSEA
108	NOEM	CO2 ENERGY TRANSITION CORP	Industrials	0.28%	$282,064	HYP-NOEM
109	RACC	RESEARCH ALLIANCE CORP III	Industrials	0.28%	$281,786	HYP-RACC
110	AMAN	AMANAT ACQUISITION CORP	Industrials	0.27%	$271,215	HYP-AMAN
111	RACD	RESEARCH ALLIANCE CORP IV	Industrials	0.26%	$263,148	HYP-RACD
112	SIMA	SIM ACQUISITION CORP I	Industrials	0.25%	$250,074	HYP-SIMA
113	BSAA	BEST SPAC I ACQUISITION CORP	Industrials	0.25%	$247,293	HYP-BSAA
114	MHH	MASTECH DIGITAL INC	Industrials	0.25%	$246,180	HYP-MHH
115	JATT	JATT II ACQUISITION CORP	Industrials	0.25%	$245,624	HYP-JATT
116	ALIS	CALISA ACQUISITION CORP	Industrials	0.24%	$238,113	HYP-ALIS
117	CPBI	CENTRAL PLAINS BANCSHARES INC	Industrials	0.24%	$235,053	HYP-CPBI
118	AUC	ATIF HOLDINGS LTD	Financial Services	0.23%	$227,821	HYP-AUC
119	DLHC	DLH HOLDINGS CORP	Industrials	0.22%	$221,701	HYP-DLHC
120	WTG	WINTERGREEN ACQUISITION CORP	Industrials	0.21%	$212,243	HYP-WTG
121	NBRG	NEWBRIDGE ACQUISITION LTD	Industrials	0.21%	$209,462	HYP-NBRG
122	TISI	TEAM INC	Industrials	0.21%	$208,627	HYP-TISI
123	BPAC	BLUEPORT ACQUISITION LTD	Industrials	0.21%	$208,349	HYP-BPAC
124	AIRT	AIR T INC	Industrials	0.20%	$202,786	HYP-AIRT
125	BGSF	BGSF INC	Industrials	0.18%	$179,419	HYP-BGSF
126	FSHP	FLAG SHIP ACQUISITION CORP	Industrials	0.16%	$156,331	HYP-FSHP
127	BKHA	BLACK HAWK ACQUISITION CORP	Industrials	0.14%	$139,919	HYP-BKHA

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

Foundry Industrials DolVol Factor ETF

Fund

Holdings as of July 2026 (127 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)