================================================================================================ DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE. ================================================================================================ Foundry Consumer Cyclical IntMom Factor ETF (FINC) 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 IntMom factor model, before the placeholder expense ratio and trading costs. ## Key Facts Item | Value ------------------------------+---------------------------------------------- Ticker (pseudo) | FINC CUSIP | Not applicable (hypothetical model portfolio) Listing exchange | Not listed (hypothetical) Underlying model | IntMom factor (Consumer Cyclical only) Placeholder expense ratio | 0.45% Placeholder inception date | 2022-01-20 Number of holdings (long leg) | 61 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 | 5.06% 2018 | 12.09% 2019 | -1.71% 2020 | -12.90% 2021 | -22.79% 2022 | 12.68% 2023 | 3.05% 2024 | -34.88% 2025 | -4.48% 2026 | 0.60% ## Average Annual Total Returns (hypothetical, as of the most recent sample month) Period | Hypothetical Avg. Annual Total Return ------------------------------------+-------------------------------------- 1 Year | -6.84% 3 Years | -14.12% 5 Years | -3.51% 10 Years | -5.81% Since Model Inception (full sample) | 0.58% ## Top 10 Holdings (of 61) # | Ticker | Company | Sector | Weight | Market Value ---+--------+------------------------------+-------------------+--------+------------- 1 | TSLA | TESLA INC | Consumer Cyclical | 72.43% | $72,430,323 2 | TJX | TJX COMPANIES INC | Consumer Cyclical | 8.64% | $8,640,646 3 | ROST | ROSS STORES INC | Consumer Cyclical | 3.79% | $3,792,326 4 | GM | GENERAL MOTORS CO | Consumer Cyclical | 3.47% | $3,473,306 5 | LVS | LAS VEGAS SANDS CORP | Consumer Cyclical | 1.52% | $1,522,063 6 | RIVN | RIVIAN AUTOMOTIVE INC | Consumer Cyclical | 1.11% | $1,114,086 7 | SGI | SOMNIGROUP INTERNATIONAL INC | Consumer Cyclical | 0.77% | $774,679 8 | BWA | BORGWARNER INC | Consumer Cyclical | 0.65% | $648,553 9 | NYT | NEW YORK TIMES CO | Consumer Cyclical | 0.62% | $622,362 10 | W | WAYFAIR INC | Consumer Cyclical | 0.60% | $596,962 ## Sector Allocation Sector | Weight | # Holdings ------------------+---------+----------- Consumer Cyclical | 100.00% | 61 ## Portfolio Characteristics (hypothetical) Characteristic | Value -------------------------------+-------- Sharpe ratio (full sample) | 0.14 Annualized volatility | 22.66% Maximum drawdown | -64.74% Average monthly turnover | 35.53% Out-of-sample Sharpe (2019-26) | -0.14 ================================================================================================ DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE. ================================================================================================