ETF Foundry

Fund

Item	Value
Ticker (pseudo)	FNOI
CUSIP	Not applicable (hypothetical model portfolio)
Listing exchange	Not listed (hypothetical)
Underlying model	Net Operating Assets factor (Industrials only)
Placeholder expense ratio	0.45%
Placeholder inception date	2021-01-06
Number of holdings (long leg)	99
Weighting	Cap-weighted
Rebalance frequency	Monthly
Holdings as of	July 2026

Holdings as of July 2026 (99 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)

#	Ticker	Company	Sector	Weight	Market Value	CUSIP
1	BKNG	BOOKING HOLDINGS INC	Industrials	59.91%	$59,910,751	HYP-BKNG
2	EXPE	EXPEDIA GROUP INC	Industrials	13.73%	$13,727,947	HYP-EXPE
3	SYM	SYMBOTIC INC	Industrials	10.58%	$10,580,226	HYP-SYM
4	LUNR	INTUITIVE MACHINES INC	Industrials	1.25%	$1,248,645	HYP-LUNR
5	TNET	TRINET GROUP INC	Industrials	1.16%	$1,164,554	HYP-TNET
6	NSP	INSPERITY INC	Industrials	0.80%	$804,868	HYP-NSP
7	BW	BABCOCK & WILCOX ENTERPRISES INC	Industrials	0.57%	$573,276	HYP-BW
8	LZ	LEGALZOOMCOM INC	Industrials	0.56%	$563,914	HYP-LZ
9	BBSI	BARRETT BUSINESS SERVICES INC	Industrials	0.42%	$418,924	HYP-BBSI
10	ALF	CENTURION ACQUISITION CORP	Industrials	0.30%	$299,511	HYP-ALF
11	FAC	FACTORIAL ENERGY INC	Industrials	0.26%	$259,466	HYP-FAC
12	EVAC	EQV VENTURES ACQUISITION CORP II	Industrials	0.25%	$254,317	HYP-EVAC
13	GPAT	GP-ACT III ACQUISITION CORP	Industrials	0.25%	$253,465	HYP-GPAT
14	ANSC	AGRICULTURE & NATURAL SOLUTIONS ACQUISITION CORP	Industrials	0.20%	$202,270	HYP-ANSC
15	GTEN	GORES HOLDINGS X INC	Industrials	0.20%	$201,036	HYP-GTEN
16	BCAR	D BORAL ARC ACQUISITION I CORP	Industrials	0.18%	$178,822	HYP-BCAR
17	KFII	K&F GROWTH ACQUISITION CORP II	Industrials	0.18%	$176,736	HYP-KFII
18	NPAC	NEW PROVIDENCE ACQUISITION CORP III	Industrials	0.17%	$169,842	HYP-NPAC
19	CCIX	CHURCHILL CAPITAL CORP IX	Industrials	0.17%	$169,459	HYP-CCIX
20	TACO	BERTO ACQUISITION CORP	Industrials	0.17%	$167,629	HYP-TACO
21	MBAV	M3-BRIGADE ACQUISITION V CORP	Industrials	0.17%	$166,310	HYP-MBAV
22	RDAG	REPUBLIC DIGITAL ACQUISITION CO	Industrials	0.17%	$165,161	HYP-RDAG
23	WENN	WEN ACQUISITION CORP	Industrials	0.16%	$164,778	HYP-WENN
24	CEPT	CANTOR EQUITY PARTNERS II INC	Industrials	0.16%	$160,054	HYP-CEPT
25	SDHI	SIDDHI ACQUISITION CORP (CAYMAN ISLANDS)	Industrials	0.15%	$154,777	HYP-SDHI
26	CCII	COHEN CIRCLE ACQUISITION CORP II	Industrials	0.15%	$153,245	HYP-CCII
27	TACH	TITAN ACQUISITION CORP	Industrials	0.15%	$152,990	HYP-TACH
28	IPCX	INFLECTION POINT ACQUISITION CORP III	Industrials	0.15%	$152,564	HYP-IPCX
29	KCHV	KOCHAV DEFENSE ACQUISITION CORP	Industrials	0.15%	$151,458	HYP-KCHV
30	SOUL	SOULPOWER ACQUISITION CORP	Industrials	0.15%	$149,968	HYP-SOUL
31	OYSE	OYSTER ENTERPRISES II ACQUISITION CORP	Industrials	0.15%	$148,819	HYP-OYSE
32	MTRX	MATRIX SERVICE CO	Industrials	0.15%	$145,458	HYP-MTRX
33	BEAG	BOLD EAGLE ACQUISITION CORP	Industrials	0.14%	$142,351	HYP-BEAG
34	BLUW	BLUE WATER ACQUISITION CORP III	Industrials	0.14%	$141,883	HYP-BLUW
35	CUB	LIONHEART HOLDINGS	Industrials	0.14%	$140,819	HYP-CUB
36	XRPN	ARMADA ACQUISITION CORP II	Industrials	0.14%	$140,351	HYP-XRPN
37	RTAC	RENATUS TACTICAL ACQUISITION CORP I	Industrials	0.14%	$140,053	HYP-RTAC
38	FERA	FIFTH ERA ACQUISITION CORP I	Industrials	0.14%	$138,904	HYP-FERA
39	PCAP	PROCAP ACQUISITION CORP	Industrials	0.14%	$138,861	HYP-PCAP
40	OBA	OXLEY BRIDGE ACQUISITION LTD	Industrials	0.14%	$138,095	HYP-OBA
41	SZZL	SIZZLE ACQUISITION CORP II	Industrials	0.14%	$138,095	HYP-SZZL
42	CRAQ	CAL REDWOOD ACQUISITION CORP	Industrials	0.14%	$137,968	HYP-CRAQ
43	PMTR	PERIMETER ACQUISITION CORP I	Industrials	0.14%	$136,819	HYP-PMTR
44	POLE	ANDRETTI ACQUISITION CORP II	Industrials	0.14%	$135,499	HYP-POLE
45	ATII	ARCHIMEDES TECH SPAC PARTNERS II CO	Industrials	0.13%	$134,861	HYP-ATII
46	TVA	TEXAS VENTURES ACQUISITION III CORP	Industrials	0.13%	$134,308	HYP-TVA
47	LPAA	LAUNCH ONE ACQUISITION CORP	Industrials	0.13%	$133,116	HYP-LPAA
48	GRAF	GRAF GLOBAL CORP	Industrials	0.13%	$131,882	HYP-GRAF
49	LPBB	LAUNCH TWO ACQUISITION CORP	Industrials	0.13%	$131,414	HYP-LPBB
50	LWAC	LIGHTWAVE ACQUISITION CORP	Industrials	0.13%	$131,201	HYP-LWAC
51	RAC	RITHM ACQUISITION CORP	Industrials	0.13%	$130,648	HYP-RAC
52	JENA	JENA ACQUISITION CORP II	Industrials	0.13%	$128,137	HYP-JENA
53	RAAQ	REAL ASSET ACQUISITION CORP	Industrials	0.13%	$127,541	HYP-RAAQ
54	NHIC	NEWHOLD INVESTMENT CORP III	Industrials	0.13%	$125,626	HYP-NHIC
55	BACC	BLUE ACQUISITION CORP	Industrials	0.12%	$124,690	HYP-BACC
56	PACH	PIONEER ACQUISITION I CORP	Industrials	0.12%	$124,520	HYP-PACH
57	AACB	ARTIUS II ACQUISITION INC	Industrials	0.12%	$124,137	HYP-AACB
58	TVAI	THAYER VENTURES ACQUISITION CORP II	Industrials	0.12%	$119,668	HYP-TVAI
59	AXIN	AXIOM INTELLIGENCE ACQUISITION CORP 1	Industrials	0.12%	$119,285	HYP-AXIN
60	PAII	PYROPHYTE ACQUISITION CORP II	Industrials	0.12%	$118,690	HYP-PAII
61	SBXD	SILVERBOX CORP IV	Industrials	0.12%	$116,987	HYP-SBXD
62	HVII	HENNESSY CAPITAL INVESTMENT CORP VII	Industrials	0.12%	$115,966	HYP-HVII
63	CEPO	CANTOR EQUITY PARTNERS I INC	Industrials	0.12%	$115,370	HYP-CEPO
64	OACC	OAKTREE ACQUISITION CORP III LIFE SCIENCES	Industrials	0.11%	$111,923	HYP-OACC
65	DMAA	DRUGS MADE IN AMERICA ACQUISITION CORP	Industrials	0.11%	$110,221	HYP-DMAA
66	NTWO	NEWBURY STREET II ACQUISITION CORP	Industrials	0.11%	$110,221	HYP-NTWO
67	FACT	FACT II ACQUISITION CORP	Industrials	0.11%	$110,136	HYP-FACT
68	PLMK	PLUM ACQUISITION CORP IV	Industrials	0.11%	$109,242	HYP-PLMK
69	VNME	VENDOME ACQUISITION CORP I	Industrials	0.11%	$108,221	HYP-VNME
70	COPL	COPLEY ACQUISITION CORP	Industrials	0.11%	$105,327	HYP-COPL
71	GTERA	GLOBA TERRA ACQUISITION CORP	Industrials	0.10%	$104,518	HYP-GTERA
72	SOCA	SOLARIUS CAPITAL ACQUISITION CORP	Industrials	0.10%	$102,603	HYP-SOCA
73	MCGA	YORKVILLE ACQUISITION CORP	Industrials	0.10%	$102,476	HYP-MCGA
74	DAAQ	DIGITAL ASSET ACQUISITION CORP	Industrials	0.10%	$101,752	HYP-DAAQ
75	DYNC	DYNAMIX CORP	Industrials	0.10%	$101,454	HYP-DYNC
76	MACI	MELAR ACQUISITION CORP I	Industrials	0.10%	$100,305	HYP-MACI
77	TDAC	TRANSLATIONAL DEVELOPMENT ACQUISITION CORP	Industrials	0.10%	$99,837	HYP-TDAC
78	SVCC	STELLAR V CAPITAL CORP (CAYMAN ISLANDS)	Industrials	0.10%	$97,582	HYP-SVCC
79	UP	WHEELS UP EXPERIENCE INC	Industrials	0.10%	$97,454	HYP-UP
80	ONCH	1RT ACQUISITION CORP	Industrials	0.09%	$94,432	HYP-ONCH
81	GSHR	GESHER ACQUISITION CORP II	Industrials	0.09%	$91,241	HYP-GSHR
82	EGHA	EGH ACQUISITION CORP	Industrials	0.09%	$90,475	HYP-EGHA
83	CCAQ	COLLECTIVE ACQUISITION CORP	Industrials	0.09%	$90,049	HYP-CCAQ
84	FIGX	FIGX CAPITAL ACQUISITION CORP	Industrials	0.08%	$84,559	HYP-FIGX
85	SPEG	SILVER PEGASUS ACQUISITION CORP	Industrials	0.07%	$67,239	HYP-SPEG
86	INAC	INDIGO ACQUISITION CORP	Industrials	0.06%	$64,558	HYP-INAC
87	IPEX	INFLECTION POINT ACQUISITION CORP V	Industrials	0.05%	$53,408	HYP-IPEX
88	PCSC	PERCEPTIVE CAPITAL SOLUTIONS CORP	Industrials	0.05%	$52,217	HYP-PCSC
89	CHAR	CHARLTON ARIA ACQUISITION CORP	Industrials	0.05%	$49,238	HYP-CHAR
90	QSEA	QUARTZSEA ACQUISITION CORP	Industrials	0.05%	$45,450	HYP-QSEA
91	SPKL	SPARK I ACQUISITION CORP	Industrials	0.04%	$44,642	HYP-SPKL
92	CHPG	CHAMPIONSGATE ACQUISITION CORP	Industrials	0.04%	$44,301	HYP-CHPG
93	NOEM	CO2 ENERGY TRANSITION CORP	Industrials	0.04%	$43,152	HYP-NOEM
94	LCCC	LAKESHORE ACQUISITION III CORP	Industrials	0.04%	$39,577	HYP-LCCC
95	KVAC	KEEN VISION ACQUISITION CORP	Industrials	0.03%	$28,938	HYP-KVAC
96	CAPN	CAYSON ACQUISITION CORP	Industrials	0.02%	$24,981	HYP-CAPN
97	UYSC	UY SCUTI ACQUISITION CORP	Industrials	0.02%	$23,959	HYP-UYSC
98	FSHP	FLAG SHIP ACQUISITION CORP	Industrials	0.02%	$23,917	HYP-FSHP
99	BKHA	BLACK HAWK ACQUISITION CORP	Industrials	0.02%	$21,406	HYP-BKHA

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

Foundry Industrials Net Operating Assets Factor ETF

Fund

Holdings as of July 2026 (99 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)