Foundry Consumer Cyclical 52-Week High Factor ETF
ETF Foundry Research (hypothetical) · rebalanced monthly
Every other metric on this page is the long-shortstrategy, which needs a short book. This fund is the long leg alone, so these are the figures for what it actually holds. The bottom-bucket number is that basket’s own return — not short P&L.
Hypothetical growth of $1 — long-short backtest
Gross of the placeholder expense ratio and trading costs · not investor results
Holdings
Every constituent of the long leg — sort, search or filter by sector
| Ticker | Company | Sector | Market cap | Weight |
|---|---|---|---|---|
1SBUX | STARBUCKS CORP | Consumer Cyclical | $120.23B | 21.73% |
2ROST | ROSS STORES INC | Consumer Cyclical | $74.89B | 13.53% |
3EBAY | EBAY INC | Consumer Cyclical | $49.75B | 8.99% |
4CASY | CASEYS GENERAL STORES INC | Consumer Cyclical | $31.79B | 5.75% |
5SN | SHARKNINJA INC | Consumer Cyclical | $21.87B | 3.95% |
6BURL | BURLINGTON STORES INC | Consumer Cyclical | $21.73B | 3.93% |
7BBY | BEST BUY CO INC | Consumer Cyclical | $18.00B | 3.25% |
8PAG | PENSKE AUTOMOTIVE GROUP INC | Consumer Cyclical | $13.32B | 2.41% |
9CCK | CROWN HOLDINGS INC | Consumer Cyclical | $13.10B | 2.37% |
10TXRH | TEXAS ROADHOUSE INC | Consumer Cyclical | $12.95B | 2.34% |
11MUSA | MURPHY USA INC | Consumer Cyclical | $11.43B | 2.06% |
12LTH | LIFE TIME GROUP HOLDINGS INC | Consumer Cyclical | $9.38B | 1.70% |
13EAT | BRINKER INTERNATIONAL INC | Consumer Cyclical | $8.12B | 1.47% |
14ETSY | ETSY INC | Consumer Cyclical | $7.98B | 1.44% |
15LAD | LITHIA MOTORS INC | Consumer Cyclical | $7.65B | 1.38% |
16RSI | RUSH STREET INTERACTIVE INC | Consumer Cyclical | $7.56B | 1.37% |
17LEA | LEAR CORP | Consumer Cyclical | $7.10B | 1.28% |
18CROX | CROCS INC | Consumer Cyclical | $6.81B | 1.23% |
19RRR | RED ROCK RESORTS INC | Consumer Cyclical | $6.76B | 1.22% |
20TMHC | TAYLOR MORRISON HOME CORP | Consumer Cyclical | $6.74B | 1.22% |
21BYD | BOYD GAMING CORP | Consumer Cyclical | $6.52B | 1.18% |
22M | MACY'S INC | Consumer Cyclical | $6.23B | 1.13% |
23RUSHA | RUSH ENTERPRISES INC | Consumer Cyclical | $5.98B | 1.08% |
24SON | SONOCO PRODUCTS CO | Consumer Cyclical | $5.59B | 1.01% |
25ANDG | ANDERSEN GROUP INC | Consumer Cyclical | $5.02B | 0.91% |
26SLGN | SILGAN HOLDINGS INC | Consumer Cyclical | $4.99B | 0.90% |
27PTRN | PATTERN GROUP INC | Consumer Cyclical | $4.97B | 0.90% |
28KTB | KONTOOR BRANDS INC | Consumer Cyclical | $4.73B | 0.85% |
29CAKE | CHEESECAKE FACTORY INC | Consumer Cyclical | $4.26B | 0.77% |
30PII | POLARIS INC | Consumer Cyclical | $4.16B | 0.75% |
31YETI | YETI HOLDINGS INC | Consumer Cyclical | $3.87B | 0.70% |
32GEF | GREIF INC | Consumer Cyclical | $3.52B | 0.64% |
33CALY | CALLAWAY GOLF CO | Consumer Cyclical | $3.48B | 0.63% |
34SHOO | STEVEN MADDEN LTD | Consumer Cyclical | $3.17B | 0.57% |
35SAH | SONIC AUTOMOTIVE INC | Consumer Cyclical | $3.17B | 0.57% |
36UAA | UNDER ARMOUR INC | Consumer Cyclical | $3.17B | 0.57% |
37WLY | JOHN WILEY & SONS INC | Consumer Cyclical | $2.59B | 0.47% |
38BLBD | BLUE BIRD CORP | Consumer Cyclical | $2.48B | 0.45% |
39AIN | ALBANY INTERNATIONAL CORP | Consumer Cyclical | $2.12B | 0.38% |
40LZB | LA-Z-BOY INC | Consumer Cyclical | $1.59B | 0.29% |
41GIII | G III APPAREL GROUP LTD | Consumer Cyclical | $1.49B | 0.27% |
42MLKN | MILLERKNOLL INC | Consumer Cyclical | $1.49B | 0.27% |
43BJRI | BJS RESTAURANTS INC | Consumer Cyclical | $1.42B | 0.26% |
44TDAY | USA TODAY CO INC | Consumer Cyclical | $1.25B | 0.23% |
45LQDT | LIQUIDITY SERVICES INC | Consumer Cyclical | $1.23B | 0.22% |
46SCHL | SCHOLASTIC CORP | Consumer Cyclical | $1.02B | 0.18% |
47BZH | BEAZER HOMES USA INC | Consumer Cyclical | $900M | 0.16% |
48ARKO | ARKO CORP | Consumer Cyclical | $893M | 0.16% |
49KRT | KARAT PACKAGING INC | Consumer Cyclical | $760M | 0.14% |
50CTRN | CITI TRENDS INC | Consumer Cyclical | $535M | 0.10% |
51DIN | DINE BRANDS GLOBAL INC | Consumer Cyclical | $456M | 0.08% |
52BNED | BARNES & NOBLE EDUCATION INC | Consumer Cyclical | $437M | 0.08% |
53HVT | HAVERTY FURNITURE COMPANIES INC | Consumer Cyclical | $413M | 0.07% |
54WEYS | WEYCO GROUP INC | Consumer Cyclical | $374M | 0.07% |
55FNKO | FUNKO INC | Consumer Cyclical | $326M | 0.06% |
56HBB | HAMILTON BEACH BRANDS HOLDING CO | Consumer Cyclical | $313M | 0.06% |
57JAKK | JAKKS PACIFIC INC | Consumer Cyclical | $277M | 0.05% |
58ESCA | ESCALADE INC | Consumer Cyclical | $266M | 0.05% |
59SGC | SUPERIOR GROUP OF COMPANIES INC | Consumer Cyclical | $209M | 0.04% |
60LCUT | LIFETIME BRANDS INC | Consumer Cyclical | $195M | 0.04% |
61BSET | BASSETT FURNITURE INDUSTRIES INC | Consumer Cyclical | $187M | 0.03% |
62UFI | UNIFI INC | Consumer Cyclical | $118M | 0.02% |
Full long-leg book as of July 2026 · cap-weighted · total market cap $553.34B. Hypothetical model holdings — not a registered fund’s portfolio.
Sector Breakdown
Portfolio Style
Size × value map of the long-leg book
Share of long-leg capital by market cap × book-to-market, using terciles of the 310-name universe at July 2026. Rows: Large ≥ $5.9B, Small < $1.3B. Columns: Value ≥ 0.62, Growth < 0.38 B/M. The dot marks the capital-weighted centroid of the book — 93% toward Large, 79% toward Growth. +3% unclassified (4 missing size/value). Hypothetical holdings — descriptive, not realized P&L.
Capital-weighted centroid of the long leg, December 1998 → July 2026; the right-hand end is the same value as the box’s dot. 62 names now. Hypothetical holdings — descriptive, not P&L.
Constraint checks
How this book measures against the concentration and liquidity rules — as implemented here
These are UNCONSTRAINED factor sleeves: the construction pipeline sorts on a signal and cap-weights the top bucket, applying no issuer cap, no industry cap and no liquidity screen beyond the universe filter. A failing test therefore reports a constraint that was never applied during construction — it is not a defect in the strategy and not an error in the data. The same signal can be solved subject to these constraints.
7 independent checks plus 1 arithmetically implied by another check (RIC / IRC 851(b)(3)(A) 50% bucket), which is reported separately so the tally cannot overstate scrutiny.
1 of 7 checks could not be tested. Those are neither passes nor failures — they are gaps in what the data can answer, and they are excluded from the passed count above rather than folded into it.
With respect to 75% of total assets, no more than 5% may be invested in the securities of any one issuer.
Required>= 75.0%Actual70.0%Margin-5.0%
Engineering approximation of the cited rules for a DRAFT / HYPOTHETICAL model portfolio that is not a registered fund. This reports whether the portfolio passes the stated test AS IMPLEMENTED HERE; it is not a compliance opinion and is not a statement that any fund is compliant. Real filings need securities counsel.
No verdict sits within 1.0pp of its limit.
Data version — panel=20260719T025334 rows=2239262 asof=202607 issuers=20260719T014536 rates=20260804T224700
Measured on the 2026-07 formation date across 62 holdings (cap-weighted). A different formation date can produce different verdicts.
Derivatives risk (Rule 18f-4)
Whether this long-only book is subject to the VaR tests at all
This assessment describes the long-only book this fund holds — the top bucket only.
This fund QUALIFIES for the limited-derivatives-user exception, so it is excepted from the VaR tests; the ratio below is informational, not the operative limit.
Rule 18f-4(c)(4): a fund whose derivatives exposure (gross notional, including the value of assets sold short) is <= 10% of net assets is excepted from the VaR tests and the full derivatives risk management program.
No confidence interval: this follows from portfolio construction, not from an estimate.
Rule 18f-4(c)(2)(i): fund VaR at 99% over 20 trading days must not exceed 200% of the designated reference portfolio's VaR on the same basis.
Informational — does not governThis fund is excepted from the VaR tests, so the ratio below is context rather than the operative limit. It is shown because it is still a description of the book’s risk, not because it decides anything.
historical method · 331 monthly observations · about 3.3 in the 99% tail · paired percentile bootstrap over months
The estimators differ materially in value but agree on the verdict. Historical and Gaussian fund VaR differ by 17%; both still land on the same side of the 2x limit.
Engineering approximation of SEC Rule 18f-4 for research display. Not a compliance opinion and not a determination that any fund is compliant. Hypothetical model portfolio, not a registered fund.
The research long-short construction behind this factor does not qualify for this exception — a dollar-neutral book counts its full short notional, which is 100% of net assets against a 10% threshold. This product sidesteps that by holding the long leg alone, which is also why the long-leg Sharpe is reported separately throughout the site.
See the long-short verdict on the factor page →Since publication
Did the edge survive the paper coming out?
Split at January of the year after the factor was published. The post-publication stretch IS genuinely out-of-sample relative to the original study -- the predictor was public by then -- so it speaks to whether the effect survived being known. Nothing is fitted here, so this is performance SINCE PUBLICATION, not validation of a model. Note the 'pre' side is our data before publication (our panel starts ~1999), NOT the study's original in-sample period, which usually ran decades earlier; a decay figure compares before-vs-after within our sample and is not a comparison against the published result.
Consistency across eras
Is this record broadly durable, or one regime?
3-year rolling windows, stepping 1 year (26 windows). Dispersion is the spread of window Sharpes — higher means the record depends more on which era you look at.
Rules-based factors fit no parameters, so these windows are not out-of-sample tests and do not validate a fitted model. They show whether the factor's record is consistent across eras or driven by one regime.
Returns
Long leg is what this fund holds — long-short is shown for reference
| Period | Long leg | Long-short |
|---|---|---|
| 1 yearcum. | -8.1% | -3.6% |
| 3 yearsp.a. | -4.3% | -9.6% |
| 5 yearsp.a. | -5.7% | -3.6% |
| 10 yearsp.a. | 8.7% | -3.2% |
| Since inceptionp.a. | 8.7% | -3.4% |
| Year | Long leg | Long-short |
|---|---|---|
| 20267 mo | -3.5% | 2.9% |
| 2025 | -13.6% | -5.6% |
| 2024 | 14.3% | -11.8% |
| 2023 | -4.1% | -55.0% |
| 2022 | -28.4% | 60.6% |
| 2021 | 13.2% | -3.7% |
| 2020 | 109.0% | -6.7% |
| 2019 | 20.4% | -9.1% |
| 2018 | -4.2% | 16.3% |
| 2017 | 30.0% | 29.1% |
| 2016 | 3.0% | -18.7% |
| 2015 | 19.5% | 43.4% |
| 2014 | 13.1% | 2.8% |
| 2013 | 31.2% | -7.3% |
| 2012 | 25.1% | -13.9% |
| 2011 | 12.4% | 8.1% |
| 2010 | 34.4% | -12.5% |
| 2009 | 8.9% | -65.7% |
| 2008 | -27.7% | 64.3% |
| 2007 | 3.1% | 54.3% |
| 2006 | 12.9% | 1.1% |
| 2005 | 0.1% | 9.6% |
| 2004 | 30.9% | 3.9% |
| 2003 | 47.0% | -14.0% |
| 2002 | -19.4% | -1.9% |
| 2001 | 3.6% | -26.4% |
| 2000 | -27.1% | -16.3% |
| 1999 | 15.7% | 7.4% |
Long leg = the top bucket this fund holds; long-short additionally shorts the bottom bucket and is not achievable in a long-only vehicle. Trailing figures run through July 2026: 1 year is a plain cumulative 12-month return (cum.), 3 years and longer are annualised (p.a.). Years marked with a month count are partial. These match the fact sheet’s tables by construction. Hypothetical backtest, gross of the placeholder expense ratio and trading costs — not investor results.
Fund Facts
Methodology
The Foundry Consumer Cyclical 52-Week High Factor ETF tracks a rules-based model that ranks Consumer Cyclical common stocks each month by a 52-Week High signal and holds the top quintile with the highest values. Signals are computed from point-in-time Sharadar fundamentals and total-return prices. The portfolio reconstitutes monthly and is cap-weighted within the long leg.
This is a hypothetical model portfolio for research display only — not a registered fund, not an offer, and not investment advice.
Documents (draft — hypothetical)
Auto-generated from the model’s metrics and current holdings. Every document is labeled DRAFT / hypothetical.
Objective, fees, strategy, and key risks.
Full strategy, model methodology, and risks.
Policies, construction, and governance.
One-page snapshot with top holdings.
Full current constituent list.
DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE.