ETF Foundry

Fund

Item	Value
Ticker (pseudo)	FHII
CUSIP	Not applicable (hypothetical model portfolio)
Listing exchange	Not listed (hypothetical)
Underlying model	52-Week High factor (Industrials only)
Placeholder expense ratio	0.45%
Placeholder inception date	2021-08-08
Number of holdings (long leg)	125
Weighting	Cap-weighted
Rebalance frequency	Monthly
Holdings as of	July 2026

Holdings as of July 2026 (125 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)

#	Ticker	Company	Sector	Weight	Market Value	CUSIP
1	UNP	UNION PACIFIC CORP	Industrials	19.03%	$19,032,171	HYP-UNP
2	HWM	HOWMET AEROSPACE INC	Industrials	11.58%	$11,579,663	HYP-HWM
3	UPS	UNITED PARCEL SERVICE INC	Industrials	10.63%	$10,630,078	HYP-UPS
4	WM	WASTE MANAGEMENT INC	Industrials	10.21%	$10,209,221	HYP-WM
5	NSC	NORFOLK SOUTHERN CORP	Industrials	8.12%	$8,116,068	HYP-NSC
6	PCAR	PACCAR INC	Industrials	7.06%	$7,055,787	HYP-PCAR
7	GWW	WW GRAINGER INC	Industrials	7.00%	$6,996,880	HYP-GWW
8	ODFL	OLD DOMINION FREIGHT LINE INC	Industrials	5.17%	$5,166,306	HYP-ODFL
9	JBHT	HUNT J B TRANSPORT SERVICES INC	Industrials	2.92%	$2,919,283	HYP-JBHT
10	SNA	SNAP-ON INC	Industrials	2.26%	$2,261,736	HYP-SNA
11	UHAL	U-HAUL HOLDING CO	Industrials	1.49%	$1,485,196	HYP-UHAL
12	R	RYDER SYSTEM INC	Industrials	1.12%	$1,117,265	HYP-R
13	GTLS	CHART INDUSTRIES INC	Industrials	1.07%	$1,067,409	HYP-GTLS
14	HXL	HEXCEL CORP	Industrials	0.83%	$831,824	HYP-HXL
15	LSTR	LANDSTAR SYSTEM INC	Industrials	0.76%	$762,538	HYP-LSTR
16	MSM	MSC INDUSTRIAL DIRECT CO INC	Industrials	0.74%	$740,229	HYP-MSM
17	MATX	MATSON INC	Industrials	0.71%	$714,308	HYP-MATX
18	SNDR	SCHNEIDER NATIONAL INC	Industrials	0.71%	$710,494	HYP-SNDR
19	SVAC	SPRING VALLEY ACQUISITION CORP III	Industrials	0.65%	$652,427	HYP-SVAC
20	UNF	UNIFIRST CORP	Industrials	0.56%	$559,907	HYP-UNF
21	XMTR	XOMETRY INC	Industrials	0.55%	$550,622	HYP-XMTR
22	HRI	HERC HOLDINGS INC	Industrials	0.53%	$530,247	HYP-HRI
23	RXO	RXO INC	Industrials	0.51%	$513,164	HYP-RXO
24	RHI	ROBERT HALF INC	Industrials	0.45%	$454,247	HYP-RHI
25	KFY	KORN FERRY	Industrials	0.42%	$424,714	HYP-KFY
26	HUBG	HUB GROUP INC	Industrials	0.33%	$332,757	HYP-HUBG
27	TRN	TRINITY INDUSTRIES INC	Industrials	0.31%	$308,037	HYP-TRN
28	WERN	WERNER ENTERPRISES INC	Industrials	0.29%	$293,217	HYP-WERN
29	PBI	PITNEY BOWES INC	Industrials	0.27%	$266,329	HYP-PBI
30	MAN	MANPOWERGROUP INC	Industrials	0.26%	$258,595	HYP-MAN
31	VSTS	VESTIS CORP	Industrials	0.23%	$231,559	HYP-VSTS
32	RYZ	RYERSON HOLDING CORP	Industrials	0.16%	$163,165	HYP-RYZ
33	MRTN	MARTEN TRANSPORT LTD	Industrials	0.15%	$152,977	HYP-MRTN
34	HTLD	HEARTLAND EXPRESS INC	Industrials	0.13%	$126,695	HYP-HTLD
35	KFRC	KFORCE INC	Industrials	0.11%	$110,930	HYP-KFRC
36	NVRI	ENVIRI CORP	Industrials	0.07%	$68,319	HYP-NVRI
37	GPAT	GP-ACT III ACQUISITION CORP	Industrials	0.06%	$63,273	HYP-GPAT
38	WNC	WABASH NATIONAL CORP	Industrials	0.06%	$58,078	HYP-WNC
39	KELYA	KELLY SERVICES INC	Industrials	0.06%	$56,421	HYP-KELYA
40	GTEN	GORES HOLDINGS X INC	Industrials	0.05%	$50,185	HYP-GTEN
41	QUAD	QUAD/GRAPHICS INC	Industrials	0.05%	$47,327	HYP-QUAD
42	MBVI	M3-BRIGADE ACQUISITION VI CORP	Industrials	0.05%	$46,637	HYP-MBVI
43	IACO	IDEA ACQUISITION CORP	Industrials	0.05%	$46,201	HYP-IACO
44	MESH	MESHFLOW ACQUISITION CORP	Industrials	0.05%	$45,861	HYP-MESH
45	KFII	K&F GROWTH ACQUISITION CORP II	Industrials	0.04%	$44,119	HYP-KFII
46	NPAC	NEW PROVIDENCE ACQUISITION CORP III	Industrials	0.04%	$42,398	HYP-NPAC
47	TACO	BERTO ACQUISITION CORP	Industrials	0.04%	$41,846	HYP-TACO
48	MBAV	M3-BRIGADE ACQUISITION V CORP	Industrials	0.04%	$41,516	HYP-MBAV
49	RDAG	REPUBLIC DIGITAL ACQUISITION CO	Industrials	0.04%	$41,229	HYP-RDAG
50	WENN	WEN ACQUISITION CORP	Industrials	0.04%	$41,134	HYP-WENN
51	HACQ	HCM IV ACQUISITION CORP	Industrials	0.04%	$40,061	HYP-HACQ
52	MZYX	MOZAYYX ACQUISITION CORP	Industrials	0.04%	$39,912	HYP-MZYX
53	SDHI	SIDDHI ACQUISITION CORP (CAYMAN ISLANDS)	Industrials	0.04%	$38,637	HYP-SDHI
54	OIM	ONEIM ACQUISITION CORP	Industrials	0.04%	$38,595	HYP-OIM
55	TACH	TITAN ACQUISITION CORP	Industrials	0.04%	$38,191	HYP-TACH
56	IPCX	INFLECTION POINT ACQUISITION CORP III	Industrials	0.04%	$38,085	HYP-IPCX
57	KCHV	KOCHAV DEFENSE ACQUISITION CORP	Industrials	0.04%	$37,809	HYP-KCHV
58	SOUL	SOULPOWER ACQUISITION CORP	Industrials	0.04%	$37,437	HYP-SOUL
59	SBXE	SILVERBOX CORP V	Industrials	0.04%	$37,203	HYP-SBXE
60	OYSE	OYSTER ENTERPRISES II ACQUISITION CORP	Industrials	0.04%	$37,150	HYP-OYSE
61	HCMA	HCM III ACQUISITION CORP	Industrials	0.04%	$36,980	HYP-HCMA
62	XRPN	ARMADA ACQUISITION CORP II	Industrials	0.04%	$35,036	HYP-XRPN
63	PCAP	PROCAP ACQUISITION CORP	Industrials	0.03%	$34,664	HYP-PCAP
64	OBA	OXLEY BRIDGE ACQUISITION LTD	Industrials	0.03%	$34,473	HYP-OBA
65	SZZL	SIZZLE ACQUISITION CORP II	Industrials	0.03%	$34,473	HYP-SZZL
66	PESI	PERMA FIX ENVIRONMENTAL SERVICES INC	Industrials	0.03%	$34,430	HYP-PESI
67	KOYN	CSLM DIGITAL ASSET ACQUISITION CORP III LTD	Industrials	0.03%	$34,059	HYP-KOYN
68	POLE	ANDRETTI ACQUISITION CORP II	Industrials	0.03%	$33,825	HYP-POLE
69	JACS	JACKSON ACQUISITION CO II	Industrials	0.03%	$33,634	HYP-JACS
70	SVIV	SPRING VALLEY ACQUISITION CORP IV	Industrials	0.03%	$33,326	HYP-SVIV
71	LPAA	LAUNCH ONE ACQUISITION CORP	Industrials	0.03%	$33,230	HYP-LPAA
72	ILLU	ILLUMINATION ACQUISITION CORP I	Industrials	0.03%	$33,145	HYP-ILLU
73	PAMT	PAMT CORP	Industrials	0.03%	$33,018	HYP-PAMT
74	LPBB	LAUNCH TWO ACQUISITION CORP	Industrials	0.03%	$32,805	HYP-LPBB
75	TMTS	SPARTACUS ACQUISITION CORP II	Industrials	0.03%	$32,773	HYP-TMTS
76	LWAC	LIGHTWAVE ACQUISITION CORP	Industrials	0.03%	$32,752	HYP-LWAC
77	ITHA	ITHAX ACQUISITION CORP III	Industrials	0.03%	$32,582	HYP-ITHA
78	JENA	JENA ACQUISITION CORP II	Industrials	0.03%	$31,987	HYP-JENA
79	HVMC	HIGHVIEW MERGER CORP	Industrials	0.03%	$31,838	HYP-HVMC
80	RAAQ	REAL ASSET ACQUISITION CORP	Industrials	0.03%	$31,838	HYP-RAAQ
81	GSRF	GSR IV ACQUISITION CORP	Industrials	0.03%	$31,775	HYP-GSRF
82	HCAC	HALL CHADWICK ACQUISITION CORP	Industrials	0.03%	$31,180	HYP-HCAC
83	PACH	PIONEER ACQUISITION I CORP	Industrials	0.03%	$31,084	HYP-PACH
84	TVAI	THAYER VENTURES ACQUISITION CORP II	Industrials	0.03%	$29,873	HYP-TVAI
85	PAII	PYROPHYTE ACQUISITION CORP II	Industrials	0.03%	$29,629	HYP-PAII
86	XSLL	XSOLLA SPAC 1	Industrials	0.03%	$29,204	HYP-XSLL
87	OACC	OAKTREE ACQUISITION CORP III LIFE SCIENCES	Industrials	0.03%	$27,940	HYP-OACC
88	NTWO	NEWBURY STREET II ACQUISITION CORP	Industrials	0.03%	$27,515	HYP-NTWO
89	TBI	TRUEBLUE INC	Industrials	0.03%	$27,419	HYP-TBI
90	SCII	SC II ACQUISITION CORP	Industrials	0.03%	$26,686	HYP-SCII
91	MKLY	MCKINLEY ACQUISITION CORP	Industrials	0.03%	$26,357	HYP-MKLY
92	GTERA	GLOBA TERRA ACQUISITION CORP	Industrials	0.03%	$26,091	HYP-GTERA
93	SOCA	SOLARIUS CAPITAL ACQUISITION CORP	Industrials	0.03%	$25,613	HYP-SOCA
94	IGAC	INVEST GREEN ACQUISITION CORP	Industrials	0.03%	$25,486	HYP-IGAC
95	MACI	MELAR ACQUISITION CORP I	Industrials	0.03%	$25,039	HYP-MACI
96	TWLV	TWELVE SEAS INVESTMENT CO III	Industrials	0.02%	$24,869	HYP-TWLV
97	LATA	GALATA ACQUISITION CORP II	Industrials	0.02%	$24,742	HYP-LATA
98	SVCC	STELLAR V CAPITAL CORP (CAYMAN ISLANDS)	Industrials	0.02%	$24,359	HYP-SVCC
99	IRAB	IRIS ACQUISITION CORP II	Industrials	0.02%	$24,211	HYP-IRAB
100	GSHR	GESHER ACQUISITION CORP II	Industrials	0.02%	$22,777	HYP-GSHR
101	SMHI	SEACOR MARINE HOLDINGS INC	Industrials	0.02%	$22,745	HYP-SMHI
102	HAVA	HARVARD AVE ACQUISITION CORP	Industrials	0.02%	$22,245	HYP-HAVA
103	WLII	WILLOW LANE ACQUISITION CORP II	Industrials	0.02%	$21,959	HYP-WLII
104	LKSP	LAKE SUPERIOR ACQUISITION CORP	Industrials	0.02%	$21,077	HYP-LKSP
105	LFAC	LEAPFROG ACQUISITION CORP	Industrials	0.02%	$20,408	HYP-LFAC
106	NUTR	NUSATRIP INC	Industrials	0.02%	$18,527	HYP-NUTR
107	NMP	NMP ACQUISITION CORP	Industrials	0.02%	$17,465	HYP-NMP
108	SPEG	SILVER PEGASUS ACQUISITION CORP	Industrials	0.02%	$16,785	HYP-SPEG
109	INAC	INDIGO ACQUISITION CORP	Industrials	0.02%	$16,116	HYP-INAC
110	YCY	AA MISSION ACQUISITION CORP II	Industrials	0.02%	$15,956	HYP-YCY
111	XFLH	XFLH CAPITAL CORP	Industrials	0.01%	$14,724	HYP-XFLH
112	IPEX	INFLECTION POINT ACQUISITION CORP V	Industrials	0.01%	$13,332	HYP-IPEX
113	PGAC	PANTAGES CAPITAL ACQUISITION CORP	Industrials	0.01%	$12,525	HYP-PGAC
114	QUMS	QUANTUMSPHERE ACQUISITION CORP	Industrials	0.01%	$12,429	HYP-QUMS
115	QSEA	QUARTZSEA ACQUISITION CORP	Industrials	0.01%	$11,346	HYP-QSEA
116	NOEM	CO2 ENERGY TRANSITION CORP	Industrials	0.01%	$10,772	HYP-NOEM
117	LCCC	LAKESHORE ACQUISITION III CORP	Industrials	0.01%	$9,880	HYP-LCCC
118	SIMA	SIM ACQUISITION CORP I	Industrials	0.01%	$9,550	HYP-SIMA
119	MMTX	MILUNA ACQUISITION CORP	Industrials	0.01%	$9,487	HYP-MMTX
120	ORIQ	ORIGIN INVESTMENT CORP I	Industrials	0.01%	$9,465	HYP-ORIQ
121	WSTN	WESTIN ACQUISITION CORP	Industrials	0.01%	$8,658	HYP-WSTN
122	SSEA	STARRY SEA ACQUISITION CORP	Industrials	0.01%	$8,339	HYP-SSEA
123	WTG	WINTERGREEN ACQUISITION CORP	Industrials	0.01%	$8,106	HYP-WTG
124	UYSC	UY SCUTI ACQUISITION CORP	Industrials	0.01%	$5,981	HYP-UYSC
125	IBAC	IB ACQUISITION CORP	Industrials	0.01%	$5,737	HYP-IBAC

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

Foundry Industrials 52-Week High Factor ETF

Fund

Holdings as of July 2026 (125 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)