Fund
| Item | Value |
|---|---|
| Ticker (pseudo) | FNOE |
| CUSIP | Not applicable (hypothetical model portfolio) |
| Listing exchange | Not listed (hypothetical) |
| Underlying model | Net Operating Assets factor (Energy only) |
| Placeholder expense ratio | 0.45% |
| Placeholder inception date | 2020-06-26 |
| Number of holdings (long leg) | 26 |
| Weighting | Cap-weighted |
| Rebalance frequency | Monthly |
| Holdings as of | July 2026 |
Holdings as of July 2026 (26 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)
| # | Ticker | Company | Sector | Weight | Market Value | CUSIP |
|---|---|---|---|---|---|---|
| 1 | VLO | VALERO ENERGY CORP | Energy | 30.27% | $30,274,310 | HYP-VLO |
| 2 | BKR | BAKER HUGHES CO | Energy | 18.28% | $18,276,233 | HYP-BKR |
| 3 | OXY | OCCIDENTAL PETROLEUM CORP | Energy | 17.97% | $17,966,560 | HYP-OXY |
| 4 | FTI | TECHNIPFMC PLC | Energy | 9.46% | $9,461,224 | HYP-FTI |
| 5 | APA | APA CORP | Energy | 4.10% | $4,099,082 | HYP-APA |
| 6 | KNTK | KINETIK HOLDINGS INC | Energy | 2.69% | $2,687,953 | HYP-KNTK |
| 7 | WFRD | WEATHERFORD INTERNATIONAL PLC | Energy | 1.91% | $1,911,184 | HYP-WFRD |
| 8 | PAGP | PLAINS GP HOLDINGS LP | Energy | 1.67% | $1,668,812 | HYP-PAGP |
| 9 | IEP | ICAHN ENTERPRISES LP | Energy | 1.66% | $1,657,420 | HYP-IEP |
| 10 | EE | EXCELERATE ENERGY INC | Energy | 1.46% | $1,460,223 | HYP-EE |
| 11 | WHD | CACTUS INC | Energy | 1.44% | $1,438,755 | HYP-WHD |
| 12 | OII | OCEANEERING INTERNATIONAL INC | Energy | 1.39% | $1,388,575 | HYP-OII |
| 13 | DK | DELEK US HOLDINGS INC | Energy | 1.28% | $1,276,362 | HYP-DK |
| 14 | CLMT | CALUMET INC | Energy | 1.23% | $1,228,981 | HYP-CLMT |
| 15 | CVI | CVR ENERGY INC | Energy | 1.16% | $1,162,831 | HYP-CVI |
| 16 | TALO | TALOS ENERGY INC | Energy | 0.82% | $820,034 | HYP-TALO |
| 17 | WKC | WORLD KINECT CORP | Energy | 0.62% | $617,207 | HYP-WKC |
| 18 | FLOC | FLOWCO HOLDINGS INC | Energy | 0.60% | $602,093 | HYP-FLOC |
| 19 | GEL | GENESIS ENERGY LP | Energy | 0.59% | $590,339 | HYP-GEL |
| 20 | PBT | PERMIAN BASIN ROYALTY TRUST | Energy | 0.44% | $435,848 | HYP-PBT |
| 21 | NBR | NABORS INDUSTRIES LTD | Energy | 0.41% | $408,683 | HYP-NBR |
| 22 | EGY | VAALCO ENERGY INC | Energy | 0.18% | $181,952 | HYP-EGY |
| 23 | OIS | OIL STATES INTERNATIONAL INC | Energy | 0.17% | $167,069 | HYP-OIS |
| 24 | PNRG | PRIMEENERGY RESOURCES CORP | Energy | 0.10% | $99,372 | HYP-PNRG |
| 25 | GTE | GRAN TIERRA ENERGY INC | Energy | 0.08% | $76,719 | HYP-GTE |
| 26 | BOOM | DMC GLOBAL INC | Energy | 0.04% | $42,179 | HYP-BOOM |