ETF Foundry

Fund

Item	Value
Ticker (pseudo)	FNER
CUSIP	Not applicable (hypothetical model portfolio)
Listing exchange	Not listed (hypothetical)
Underlying model	NetDebtPrice factor (Industry-relative (FF48))
Placeholder expense ratio	0.35%
Placeholder inception date	2022-07-25
Number of holdings (long leg)	319
Weighting	Cap-weighted
Rebalance frequency	Monthly
Holdings as of	July 2026

Holdings as of July 2026 (319 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)

#	Ticker	Company	Sector	Weight	Market Value	CUSIP
1	NFLX	NETFLIX INC	Communication Services	18.87%	$18,874,037	HYP-NFLX
2	SCHW	SCHWAB CHARLES CORP	Financial Services	11.48%	$11,476,682	HYP-SCHW
3	DIS	WALT DISNEY CO	Communication Services	11.02%	$11,020,445	HYP-DIS
4	BLK	BLACKROCK INC	Financial Services	10.81%	$10,814,909	HYP-BLK
5	HOOD	ROBINHOOD MARKETS INC	Financial Services	5.85%	$5,848,880	HYP-HOOD
6	APO	APOLLO GLOBAL MANAGEMENT INC	Financial Services	4.51%	$4,512,860	HYP-APO
7	AMP	AMERIPRISE FINANCIAL INC	Financial Services	3.08%	$3,083,423	HYP-AMP
8	LYV	LIVE NATION ENTERTAINMENT INC	Communication Services	2.76%	$2,758,297	HYP-LYV
9	TKO	TKO GROUP HOLDINGS INC	Communication Services	2.30%	$2,299,097	HYP-TKO
10	RJF	RAYMOND JAMES FINANCIAL INC	Financial Services	2.13%	$2,131,931	HYP-RJF
11	TPL	TEXAS PACIFIC LAND CORP	Energy	1.86%	$1,863,068	HYP-TPL
12	TROW	PRICE T ROWE GROUP INC	Financial Services	1.63%	$1,633,797	HYP-TROW
13	TW	TRADEWEB MARKETS INC	Financial Services	1.53%	$1,532,095	HYP-TW
14	RGLD	ROYAL GOLD INC	Basic Materials	1.04%	$1,043,155	HYP-RGLD
15	CRCL	CIRCLE INTERNET GROUP INC	Financial Services	0.98%	$976,534	HYP-CRCL
16	WMG	WARNER MUSIC GROUP CORP	Communication Services	0.96%	$960,192	HYP-WMG
17	PS	PERSHING SQUARE INC	Financial Services	0.89%	$890,186	HYP-PS
18	EVR	EVERCORE INC	Financial Services	0.86%	$858,451	HYP-EVR
19	DKNG	DRAFTKINGS INC	Consumer Cyclical	0.80%	$803,994	HYP-DKNG
20	SEIC	SEI INVESTMENTS CO	Financial Services	0.78%	$775,638	HYP-SEIC
21	HLI	HOULIHAN LOKEY INC	Financial Services	0.63%	$628,263	HYP-HLI
22	MSGS	MADISON SQUARE GARDEN SPORTS CORP	Communication Services	0.62%	$620,863	HYP-MSGS
23	LTH	LIFE TIME GROUP HOLDINGS INC	Consumer Cyclical	0.61%	$609,660	HYP-LTH
24	FRHC	FREEDOM HOLDING CORP	Financial Services	0.61%	$608,108	HYP-FRHC
25	RSI	RUSH STREET INTERACTIVE INC	Consumer Cyclical	0.49%	$491,402	HYP-RSI
26	IDCC	INTERDIGITAL INC	Communication Services	0.44%	$437,380	HYP-IDCC
27	SVAC	SPRING VALLEY ACQUISITION CORP III	Industrials	0.40%	$399,050	HYP-SVAC
28	CHDN	CHURCHILL DOWNS INC	Consumer Cyclical	0.38%	$380,187	HYP-CHDN
29	PIPR	PIPER SANDLER COMPANIES	Financial Services	0.35%	$352,312	HYP-PIPR
30	SSRM	SSR MINING INC	Basic Materials	0.34%	$344,736	HYP-SSRM
31	MC	MOELIS & CO	Financial Services	0.34%	$344,632	HYP-MC
32	MTN	VAIL RESORTS INC	Consumer Cyclical	0.34%	$342,351	HYP-MTN
33	SPHR	SPHERE ENTERTAINMENT CO	Communication Services	0.33%	$331,689	HYP-SPHR
34	HLNE	HAMILTON LANE INC	Financial Services	0.31%	$309,785	HYP-HLNE
35	DLB	DOLBY LABORATORIES INC	Industrials	0.30%	$301,617	HYP-DLB
36	FHI	FEDERATED HERMES INC	Financial Services	0.29%	$289,492	HYP-FHI
37	CNS	COHEN & STEERS INC	Financial Services	0.28%	$282,748	HYP-CNS
38	PJT	PJT PARTNERS INC	Financial Services	0.28%	$279,590	HYP-PJT
39	PLNT	PLANET FITNESS INC	Consumer Cyclical	0.27%	$270,279	HYP-PLNT
40	MKTX	MARKETAXESS HOLDINGS INC	Financial Services	0.26%	$262,793	HYP-MKTX
41	LION	LIONSGATE STUDIOS CORP	Communication Services	0.26%	$262,118	HYP-LION
42	MIAX	MIAMI INTERNATIONAL HOLDINGS INC	Financial Services	0.26%	$261,039	HYP-MIAX
43	BATRA	ATLANTA BRAVES HOLDINGS INC	Communication Services	0.24%	$236,153	HYP-BATRA
44	MSGE	MADISON SQUARE GARDEN ENTERTAINMENT CORP	Consumer Cyclical	0.23%	$231,299	HYP-MSGE
45	CNK	CINEMARK HOLDINGS INC	Communication Services	0.23%	$230,844	HYP-CNK
46	AB	ALLIANCEBERNSTEIN HOLDING LP	Financial Services	0.23%	$230,019	HYP-AB
47	STUB	STUBHUB HOLDINGS INC	Communication Services	0.23%	$225,652	HYP-STUB
48	XNDU	XANADU QUANTUM TECHNOLOGIES LTD	Technology	0.19%	$193,768	HYP-XNDU
49	DBRG	DIGITALBRIDGE GROUP INC	Real Estate	0.19%	$187,231	HYP-DBRG
50	APAM	ARTISAN PARTNERS ASSET MANAGEMENT INC	Financial Services	0.18%	$177,647	HYP-APAM
51	OSW	ONESPAWORLD HOLDINGS LTD	Consumer Cyclical	0.17%	$174,204	HYP-OSW
52	AACO	ABONY ACQUISITION CORP I	Industrials	0.17%	$172,436	HYP-AACO
53	PRKS	UNITED PARKS & RESORTS INC	Consumer Cyclical	0.14%	$138,161	HYP-PRKS
54	FUN	SIX FLAGS ENTERTAINMENT CORPORATION	Consumer Cyclical	0.12%	$116,413	HYP-FUN
55	FBYD	FALCON'S BEYOND GLOBAL INC	Industrials	0.09%	$87,446	HYP-FBYD
56	PBT	PERMIAN BASIN ROYALTY TRUST	Energy	0.09%	$86,010	HYP-PBT
57	FUBO	FUBOTV INC	Communication Services	0.07%	$68,479	HYP-FUBO
58	LUCK	LUCKY STRIKE ENTERTAINMENT CORP	Consumer Cyclical	0.07%	$65,783	HYP-LUCK
59	ACEL	ACCEL ENTERTAINMENT INC	Consumer Cyclical	0.06%	$64,256	HYP-ACEL
60	CCXI	CHURCHILL CAPITAL CORP XI	Industrials	0.05%	$52,372	HYP-CCXI
61	MCS	MARCUS CORP	Communication Services	0.05%	$46,023	HYP-MCS
62	ALF	CENTURION ACQUISITION CORP	Industrials	0.05%	$45,731	HYP-ALF
63	RSVR	RESERVOIR MEDIA INC	Communication Services	0.04%	$43,606	HYP-RSVR
64	DMII	DRUGS MADE IN AMERICA ACQUISITION II CORP	Industrials	0.04%	$41,722	HYP-DMII
65	FAC	FACTORIAL ENERGY INC	Industrials	0.04%	$39,617	HYP-FAC
66	EVAC	EQV VENTURES ACQUISITION CORP II	Industrials	0.04%	$38,830	HYP-EVAC
67	CXII	CHURCHILL CAPITAL CORP XII	Industrials	0.04%	$38,765	HYP-CXII
68	CEPF	CANTOR EQUITY PARTNERS IV INC	Industrials	0.04%	$38,752	HYP-CEPF
69	BCSS	BAIN CAPITAL GSS INVESTMENT CORP	Industrials	0.04%	$38,746	HYP-BCSS
70	GPAT	GP-ACT III ACQUISITION CORP	Industrials	0.04%	$38,700	HYP-GPAT
71	AEXA	AMERICAN EXCEPTIONALISM ACQUISITION CORP A	Industrials	0.04%	$37,342	HYP-AEXA
72	NWAX	NEW AMERICA ACQUISITION I CORP	Industrials	0.03%	$32,748	HYP-NWAX
73	MLAA	MOUNTAIN LAKE ACQUISITION CORP II	Industrials	0.03%	$31,637	HYP-MLAA
74	KRSP	RICE ACQUISITION CORP 3	Industrials	0.03%	$31,507	HYP-KRSP
75	CRAN	CRANE HARBOR ACQUISITION CORP II	Industrials	0.03%	$30,962	HYP-CRAN
76	ANSC	AGRICULTURE & NATURAL SOLUTIONS ACQUISITION CORP	Industrials	0.03%	$30,884	HYP-ANSC
77	GTEN	GORES HOLDINGS X INC	Industrials	0.03%	$30,695	HYP-GTEN
78	ZKP	LAFAYETTE DIGITAL ACQUISITION CORP I	Industrials	0.03%	$30,266	HYP-ZKP
79	APXT	APEX TREASURY CORP	Industrials	0.03%	$30,104	HYP-APXT
80	STRZ	STARZ ENTERTAINMENT CORP	Communication Services	0.03%	$29,207	HYP-STRZ
81	IEAG	INFINITE EAGLE ACQUISITION CORP	Industrials	0.03%	$28,869	HYP-IEAG
82	KBON	KARBON CAPITAL PARTNERS CORP	Industrials	0.03%	$28,798	HYP-KBON
83	MBVI	M3-BRIGADE ACQUISITION VI CORP	Industrials	0.03%	$28,525	HYP-MBVI
84	IACO	IDEA ACQUISITION CORP	Industrials	0.03%	$28,259	HYP-IACO
85	DBCA	D BORAL ACQUISITION I CORP	Industrials	0.03%	$28,057	HYP-DBCA
86	MESH	MESHFLOW ACQUISITION CORP	Industrials	0.03%	$28,051	HYP-MESH
87	KRAQ	KRAKACQUISITION CORP	Industrials	0.03%	$27,992	HYP-KRAQ
88	BCAR	D BORAL ARC ACQUISITION I CORP	Industrials	0.03%	$27,303	HYP-BCAR
89	KFII	K&F GROWTH ACQUISITION CORP II	Industrials	0.03%	$26,985	HYP-KFII
90	CLBR	COLOMBIER ACQUISITION CORP III	Industrials	0.03%	$26,784	HYP-CLBR
91	GCGR	GENERAL CATALYST GLOBAL RESILIENCE MERGER CORP	Industrials	0.03%	$26,498	HYP-GCGR
92	NPAC	NEW PROVIDENCE ACQUISITION CORP III	Industrials	0.03%	$25,932	HYP-NPAC
93	MEVO	M EVO GLOBAL ACQUISITION CORP II	Industrials	0.03%	$25,861	HYP-MEVO
94	BBCQ	BLEICHROEDER ACQUISITION CORP II	Industrials	0.03%	$25,705	HYP-BBCQ
95	TACO	BERTO ACQUISITION CORP	Industrials	0.03%	$25,594	HYP-TACO
96	MBAV	M3-BRIGADE ACQUISITION V CORP	Industrials	0.03%	$25,393	HYP-MBAV
97	RDAG	REPUBLIC DIGITAL ACQUISITION CO	Industrials	0.03%	$25,218	HYP-RDAG
98	WENN	WEN ACQUISITION CORP	Industrials	0.03%	$25,159	HYP-WENN
99	VALU	VALUE LINE INC	Financial Services	0.03%	$25,010	HYP-VALU
100	HACQ	HCM IV ACQUISITION CORP	Industrials	0.02%	$24,503	HYP-HACQ
101	MZYX	MOZAYYX ACQUISITION CORP	Industrials	0.02%	$24,412	HYP-MZYX
102	ALOV	ALDABRA 4 LIQUIDITY OPPORTUNITY VEHICLE INC	Industrials	0.02%	$24,230	HYP-ALOV
103	GIW	GIGCAPITAL8 CORP	Industrials	0.02%	$23,912	HYP-GIW
104	FCRS	FUTURECREST ACQUISITION CORP	Industrials	0.02%	$23,840	HYP-FCRS
105	FVAV	FORTRESS VALUE ACQUISITION CORP V	Industrials	0.02%	$23,743	HYP-FVAV
106	SDHI	SIDDHI ACQUISITION CORP (CAYMAN ISLANDS)	Industrials	0.02%	$23,632	HYP-SDHI
107	GIX	GIGCAPITAL9 CORP	Industrials	0.02%	$23,606	HYP-GIX
108	OIM	ONEIM ACQUISITION CORP	Industrials	0.02%	$23,606	HYP-OIM
109	ALUB	ALUSSA ENERGY ACQUISITION CORP II	Industrials	0.02%	$23,444	HYP-ALUB
110	CCII	COHEN CIRCLE ACQUISITION CORP II	Industrials	0.02%	$23,398	HYP-CCII
111	TACH	TITAN ACQUISITION CORP	Industrials	0.02%	$23,359	HYP-TACH
112	IPCX	INFLECTION POINT ACQUISITION CORP III	Industrials	0.02%	$23,294	HYP-IPCX
113	ACAA	AVERIN CAPITAL ACQUISITION CORP	Industrials	0.02%	$23,184	HYP-ACAA
114	KCHV	KOCHAV DEFENSE ACQUISITION CORP	Industrials	0.02%	$23,125	HYP-KCHV
115	ARCI	ARCHIMEDES TECH SPAC PARTNERS III CO	Industrials	0.02%	$23,119	HYP-ARCI
116	YICCU	YORKVILLE INTERNATIONAL CAPITAL CORP	Industrials	0.02%	$23,028	HYP-YICCU
117	HCIC	HENNESSY CAPITAL INVESTMENT CORP VIII	Industrials	0.02%	$23,008	HYP-HCIC
118	SOUL	SOULPOWER ACQUISITION CORP	Industrials	0.02%	$22,898	HYP-SOUL
119	KCAC.U	KENSINGTON CAPITAL ACQUISITION CORP VI	Industrials	0.02%	$22,800	HYP-KCAC.U
120	BDCI	BTC DEVELOPMENT CORP	Industrials	0.02%	$22,755	HYP-BDCI
121	SBXE	SILVERBOX CORP V	Industrials	0.02%	$22,755	HYP-SBXE
122	OYSE	OYSTER ENTERPRISES II ACQUISITION CORP	Industrials	0.02%	$22,722	HYP-OYSE
123	GPAC	GENERAL PURPOSE ACQUISITION CORP	Industrials	0.02%	$22,703	HYP-GPAC
124	TLNC	TALON CAPITAL CORP	Industrials	0.02%	$22,696	HYP-TLNC
125	BLZR	TRAILBLAZER ACQUISITION CORP	Industrials	0.02%	$22,651	HYP-BLZR
126	YICC	YORKVILLE INTERNATIONAL CAPITAL CORP	Industrials	0.02%	$22,638	HYP-YICC
127	HCMA	HCM III ACQUISITION CORP	Industrials	0.02%	$22,619	HYP-HCMA
128	ARTC	ART TECHNOLOGY ACQUISITION CORP	Industrials	0.02%	$22,567	HYP-ARTC
129	BIXI	BITCOIN INFRASTRUCTURE ACQUISITION CORP LTD	Industrials	0.02%	$22,476	HYP-BIXI
130	DSAC	DAEDALUS SPECIAL ACQUISITION CORP	Industrials	0.02%	$22,450	HYP-DSAC
131	SORN	SOREN ACQUISITION CORP	Industrials	0.02%	$22,430	HYP-SORN
132	IPFX	INFLECTION POINT ACQUISITION CORP VI	Industrials	0.02%	$22,229	HYP-IPFX
133	AACI	ARMADA ACQUISITION CORP III	Industrials	0.02%	$22,047	HYP-AACI
134	PTOR	PRAETORIAN ACQUISITION CORP	Industrials	0.02%	$22,040	HYP-PTOR
135	AMACU	AMACU	Industrials	0.02%	$22,014	HYP-AMACU
136	BEAG	BOLD EAGLE ACQUISITION CORP	Industrials	0.02%	$21,735	HYP-BEAG
137	BLUW	BLUE WATER ACQUISITION CORP III	Industrials	0.02%	$21,663	HYP-BLUW
138	CEPV	CANTOR EQUITY PARTNERS V INC	Industrials	0.02%	$21,585	HYP-CEPV
139	SEG	SEAPORT ENTERTAINMENT GROUP INC	Real Estate	0.02%	$21,546	HYP-SEG
140	CUB	LIONHEART HOLDINGS	Industrials	0.02%	$21,501	HYP-CUB
141	XRPN	ARMADA ACQUISITION CORP II	Industrials	0.02%	$21,429	HYP-XRPN
142	RTAC	RENATUS TACTICAL ACQUISITION CORP I	Industrials	0.02%	$21,384	HYP-RTAC
143	XPOF	XPONENTIAL FITNESS INC	Consumer Cyclical	0.02%	$21,280	HYP-XPOF
144	FERA	FIFTH ERA ACQUISITION CORP I	Industrials	0.02%	$21,209	HYP-FERA
145	PCAP	PROCAP ACQUISITION CORP	Industrials	0.02%	$21,202	HYP-PCAP
146	OBA	OXLEY BRIDGE ACQUISITION LTD	Industrials	0.02%	$21,085	HYP-OBA
147	SZZL	SIZZLE ACQUISITION CORP II	Industrials	0.02%	$21,085	HYP-SZZL
148	CRAQ	CAL REDWOOD ACQUISITION CORP	Industrials	0.02%	$21,066	HYP-CRAQ
149	DRDB	ROMAN DBDR ACQUISITION CORP II	Industrials	0.02%	$21,059	HYP-DRDB
150	EVOX	EVOLUTION GLOBAL ACQUISITION CORP	Industrials	0.02%	$20,916	HYP-EVOX
151	PMTR	PERIMETER ACQUISITION CORP I	Industrials	0.02%	$20,890	HYP-PMTR
152	KOYN	CSLM DIGITAL ASSET ACQUISITION CORP III LTD	Industrials	0.02%	$20,832	HYP-KOYN
153	MSB	MESABI TRUST	Basic Materials	0.02%	$20,799	HYP-MSB
154	ALDF	ALDEL FINANCIAL II INC	Industrials	0.02%	$20,767	HYP-ALDF
155	SAAQ	SPACE ASSET ACQUISITION CORP	Industrials	0.02%	$20,754	HYP-SAAQ
156	GUACU	BERTO ACQUISITION CORP II	Industrials	0.02%	$20,689	HYP-GUACU
157	POLE	ANDRETTI ACQUISITION CORP II	Industrials	0.02%	$20,689	HYP-POLE
158	VACI	VIKING ACQUISITION CORP I	Industrials	0.02%	$20,643	HYP-VACI
159	RNGT	RANGE CAPITAL ACQUISITION CORP II	Industrials	0.02%	$20,598	HYP-RNGT
160	ATII	ARCHIMEDES TECH SPAC PARTNERS II CO	Industrials	0.02%	$20,591	HYP-ATII
161	JACS	JACKSON ACQUISITION CO II	Industrials	0.02%	$20,572	HYP-JACS
162	SAC	SAFEGUARD ACQUISITION CORP	Industrials	0.02%	$20,546	HYP-SAC
163	TVA	TEXAS VENTURES ACQUISITION III CORP	Industrials	0.02%	$20,507	HYP-TVA
164	CMII	COLUMBUS CIRCLE CAPITAL CORP II	Industrials	0.02%	$20,481	HYP-CMII
165	SVIV	SPRING VALLEY ACQUISITION CORP IV	Industrials	0.02%	$20,383	HYP-SVIV
166	AEAQ	ACTIVATE ENERGY ACQUISITION CORP	Industrials	0.02%	$20,364	HYP-AEAQ
167	LPAA	LAUNCH ONE ACQUISITION CORP	Industrials	0.02%	$20,325	HYP-LPAA
168	MTAL	METALS ACQUISITION CORP II	Industrials	0.02%	$20,325	HYP-MTAL
169	ILLU	ILLUMINATION ACQUISITION CORP I	Industrials	0.02%	$20,273	HYP-ILLU
170	LEGO	LEGATO MERGER CORP IV	Industrials	0.02%	$20,253	HYP-LEGO
171	JONEU	JONES VENTURES INTL ACQUISITION1 CORP	Industrials	0.02%	$20,201	HYP-JONEU
172	GRAF	GRAF GLOBAL CORP	Industrials	0.02%	$20,136	HYP-GRAF
173	LPBB	LAUNCH TWO ACQUISITION CORP	Industrials	0.02%	$20,065	HYP-LPBB
174	TMTS	SPARTACUS ACQUISITION CORP II	Industrials	0.02%	$20,045	HYP-TMTS
175	LWAC	LIGHTWAVE ACQUISITION CORP	Industrials	0.02%	$20,032	HYP-LWAC
176	RAC	RITHM ACQUISITION CORP	Industrials	0.02%	$19,948	HYP-RAC
177	ITHA	ITHAX ACQUISITION CORP III	Industrials	0.02%	$19,928	HYP-ITHA
178	VHCP	VINE HILL CAPITAL INVESTMENT CORP II	Industrials	0.02%	$19,928	HYP-VHCP
179	JENA	JENA ACQUISITION CORP II	Industrials	0.02%	$19,565	HYP-JENA
180	OTGA	OTG ACQUISITION CORP I	Industrials	0.02%	$19,513	HYP-OTGA
181	HVMC	HIGHVIEW MERGER CORP	Industrials	0.02%	$19,474	HYP-HVMC
182	RAAQ	REAL ASSET ACQUISITION CORP	Industrials	0.02%	$19,474	HYP-RAAQ
183	GSRF	GSR IV ACQUISITION CORP	Industrials	0.02%	$19,435	HYP-GSRF
184	NHIC	NEWHOLD INVESTMENT CORP III	Industrials	0.02%	$19,181	HYP-NHIC
185	SVAQ	SILICON VALLEY ACQUISITION CORP	Industrials	0.02%	$19,149	HYP-SVAQ
186	ACGC	ACP HOLDINGS ACQUISITION CORP	Industrials	0.02%	$19,129	HYP-ACGC
187	IRHO	IRON HORSE ACQUISITION II CORP	Industrials	0.02%	$19,097	HYP-IRHO
188	HCAC	HALL CHADWICK ACQUISITION CORP	Industrials	0.02%	$19,071	HYP-HCAC
189	BACC	BLUE ACQUISITION CORP	Industrials	0.02%	$19,038	HYP-BACC
190	PACH	PIONEER ACQUISITION I CORP	Industrials	0.02%	$19,012	HYP-PACH
191	AACB	ARTIUS II ACQUISITION INC	Industrials	0.02%	$18,954	HYP-AACB
192	ADAC	AMERICAN DRIVE ACQUISITION CO	Industrials	0.02%	$18,720	HYP-ADAC
193	FGII	FG IMPERII ACQUISITION CORP	Industrials	0.02%	$18,713	HYP-FGII
194	LPCV	LAUNCHPAD CADENZA ACQUISITION CORP I	Industrials	0.02%	$18,661	HYP-LPCV
195	TVAI	THAYER VENTURES ACQUISITION CORP II	Industrials	0.02%	$18,272	HYP-TVAI
196	AXIN	AXIOM INTELLIGENCE ACQUISITION CORP 1	Industrials	0.02%	$18,213	HYP-AXIN
197	XCBE	X3 ACQUISITION CORP LTD	Industrials	0.02%	$18,181	HYP-XCBE
198	PAII	PYROPHYTE ACQUISITION CORP II	Industrials	0.02%	$18,122	HYP-PAII
199	SBXD	SILVERBOX CORP IV	Industrials	0.02%	$17,862	HYP-SBXD
200	XSLL	XSOLLA SPAC 1	Industrials	0.02%	$17,862	HYP-XSLL
201	HVII	HENNESSY CAPITAL INVESTMENT CORP VII	Industrials	0.02%	$17,706	HYP-HVII
202	MUZE	MUZERO ACQUISITION CORP	Industrials	0.02%	$17,680	HYP-MUZE
203	CEPO	CANTOR EQUITY PARTNERS I INC	Industrials	0.02%	$17,615	HYP-CEPO
204	DNMX	DYNAMIX CORP III	Industrials	0.02%	$17,453	HYP-DNMX
205	OACC	OAKTREE ACQUISITION CORP III LIFE SCIENCES	Industrials	0.02%	$17,089	HYP-OACC
206	JABRU	JAB ACQUISITION CORP I	Industrials	0.02%	$17,069	HYP-JABRU
207	DMAA	DRUGS MADE IN AMERICA ACQUISITION CORP	Industrials	0.02%	$16,829	HYP-DMAA
208	NTWO	NEWBURY STREET II ACQUISITION CORP	Industrials	0.02%	$16,829	HYP-NTWO
209	FACT	FACT II ACQUISITION CORP	Industrials	0.02%	$16,816	HYP-FACT
210	TRGS	TRG LATIN AMERICA ACQUISITIONS CORP	Industrials	0.02%	$16,732	HYP-TRGS
211	PLMK	PLUM ACQUISITION CORP IV	Industrials	0.02%	$16,680	HYP-PLMK
212	VNME	VENDOME ACQUISITION CORP I	Industrials	0.02%	$16,524	HYP-VNME
213	FTRA.U	FUTURECORP SPACE ACQUISITION 1	Industrials	0.02%	$16,394	HYP-FTRA.U
214	SCII	SC II ACQUISITION CORP	Industrials	0.02%	$16,322	HYP-SCII
215	CAQ	CAMBRIDGE ACQUISITION CORP	Industrials	0.02%	$16,192	HYP-CAQ
216	MKLY	MCKINLEY ACQUISITION CORP	Industrials	0.02%	$16,121	HYP-MKLY
217	COPL	COPLEY ACQUISITION CORP	Industrials	0.02%	$16,082	HYP-COPL
218	GTERA	GLOBA TERRA ACQUISITION CORP	Industrials	0.02%	$15,958	HYP-GTERA
219	SOCA	SOLARIUS CAPITAL ACQUISITION CORP	Industrials	0.02%	$15,666	HYP-SOCA
220	SSAC	SPACSPHERE ACQUISITION CORP	Industrials	0.02%	$15,627	HYP-SSAC
221	IGAC	INVEST GREEN ACQUISITION CORP	Industrials	0.02%	$15,588	HYP-IGAC
222	DAAQ	DIGITAL ASSET ACQUISITION CORP	Industrials	0.02%	$15,536	HYP-DAAQ
223	DYNC	DYNAMIX CORP	Industrials	0.02%	$15,491	HYP-DYNC
224	TDWD	TAILWIND 20 ACQUISITION CORP	Industrials	0.02%	$15,348	HYP-TDWD
225	MACI	MELAR ACQUISITION CORP I	Industrials	0.02%	$15,315	HYP-MACI
226	TDAC	TRANSLATIONAL DEVELOPMENT ACQUISITION CORP	Industrials	0.02%	$15,244	HYP-TDAC
227	TWLV	TWELVE SEAS INVESTMENT CO III	Industrials	0.02%	$15,211	HYP-TWLV
228	HLXC	HELIX ACQUISITION CORP III	Industrials	0.02%	$15,166	HYP-HLXC
229	SUMA	SUMA ACQUISITION CORP	Industrials	0.02%	$15,159	HYP-SUMA
230	LATA	GALATA ACQUISITION CORP II	Industrials	0.02%	$15,133	HYP-LATA
231	DYOR	INSIGHT DIGITAL PARTNERS II	Industrials	0.02%	$15,049	HYP-DYOR
232	BLRK	BLUEROCK ACQUISITION CORP	Industrials	0.01%	$14,990	HYP-BLRK
233	SVCC	STELLAR V CAPITAL CORP (CAYMAN ISLANDS)	Industrials	0.01%	$14,899	HYP-SVCC
234	BIII	BLACK SPADE ACQUISITION III CO	Industrials	0.01%	$14,867	HYP-BIII
235	IRAB	IRIS ACQUISITION CORP II	Industrials	0.01%	$14,808	HYP-IRAB
236	DGAC	DGAC	Industrials	0.01%	$14,776	HYP-DGAC
237	CRAC	CROWN RESERVE ACQUISITION CORP I	Industrials	0.01%	$14,724	HYP-CRAC
238	IPVVU	INTERPRIVATE INVESTMENT PARTNERS V INC	Industrials	0.01%	$14,477	HYP-IPVVU
239	ONCH	1RT ACQUISITION CORP	Industrials	0.01%	$14,418	HYP-ONCH
240	IDACU	IRON DOME ACQUISITION I CORP	Industrials	0.01%	$14,334	HYP-IDACU
241	MIACU	MERIDIAN3 INDUSTRIALS ACQUISITION CORP	Industrials	0.01%	$14,184	HYP-MIACU
242	GSHR	GESHER ACQUISITION CORP II	Industrials	0.01%	$13,931	HYP-GSHR
243	EGHA	EGH ACQUISITION CORP	Industrials	0.01%	$13,814	HYP-EGHA
244	CCAQ	COLLECTIVE ACQUISITION CORP	Industrials	0.01%	$13,749	HYP-CCAQ
245	PALO	PALOMA ACQUISITION CORP I	Industrials	0.01%	$13,697	HYP-PALO
246	HAVA	HARVARD AVE ACQUISITION CORP	Industrials	0.01%	$13,606	HYP-HAVA
247	WLII	WILLOW LANE ACQUISITION CORP II	Industrials	0.01%	$13,431	HYP-WLII
248	OHAC	OCEANHAWK ACQUISITION CORP	Industrials	0.01%	$13,216	HYP-OHAC
249	BEBE	TGE VALUE CREATIVE SOLUTIONS CORP	Industrials	0.01%	$12,969	HYP-BEBE
250	KTWO	K2 CAPITAL ACQUISITION CORP	Industrials	0.01%	$12,930	HYP-KTWO
251	FIGX	FIGX CAPITAL ACQUISITION CORP	Industrials	0.01%	$12,911	HYP-FIGX
252	TVIV	TEXAS VENTURES ACQUISITION IV CORP	Industrials	0.01%	$12,904	HYP-TVIV
253	LKSP	LAKE SUPERIOR ACQUISITION CORP	Industrials	0.01%	$12,891	HYP-LKSP
254	ETSS	ENERGY TRANSITION SPECIAL OPPORTUNITIES	Industrials	0.01%	$12,839	HYP-ETSS
255	AIIA	AI INFRASTRUCTURE ACQUISITION CORP	Industrials	0.01%	$12,774	HYP-AIIA
256	LFAC	LEAPFROG ACQUISITION CORP	Industrials	0.01%	$12,482	HYP-LFAC
257	WHG	WESTWOOD HOLDINGS GROUP INC	Financial Services	0.01%	$12,209	HYP-WHG
258	AESPU	AEON ACQUISITION I CORP	Industrials	0.01%	$11,904	HYP-AESPU
259	PAAC	PROEM ACQUISITION CORP I	Industrials	0.01%	$11,468	HYP-PAAC
260	CHEC	CHENGHE ACQUISITION III CO	Industrials	0.01%	$11,449	HYP-CHEC
261	PONO	PONO CAPITAL FOUR INC	Industrials	0.01%	$11,241	HYP-PONO
262	NLOP	NET LEASE OFFICE PROPERTIES	Real Estate	0.01%	$11,176	HYP-NLOP
263	RANG	RANGE CAPITAL ACQUISITION CORP	Industrials	0.01%	$11,137	HYP-RANG
264	TAVI	TAVIA ACQUISITION CORP	Industrials	0.01%	$11,040	HYP-TAVI
265	CTAA	CLEARTHINK 1 ACQUISITION CORP	Industrials	0.01%	$10,747	HYP-CTAA
266	NMP	NMP ACQUISITION CORP	Industrials	0.01%	$10,682	HYP-NMP
267	EMIS	EMMIS ACQUISITION CORP	Industrials	0.01%	$10,435	HYP-EMIS
268	GLED	GALAXYEDGE ACQUISITION CORP	Industrials	0.01%	$10,364	HYP-GLED
269	LAFA	LAFAYETTE ACQUISITION CORP	Industrials	0.01%	$10,292	HYP-LAFA
270	SPEG	SILVER PEGASUS ACQUISITION CORP	Industrials	0.01%	$10,266	HYP-SPEG
271	WPAC	WHITE PEARL ACQUISITION CORP	Industrials	0.01%	$10,188	HYP-WPAC
272	CEPS	CANTOR EQUITY PARTNERS VI INC	Industrials	0.01%	$9,890	HYP-CEPS
273	INAC	INDIGO ACQUISITION CORP	Industrials	0.01%	$9,857	HYP-INAC
274	YCY	AA MISSION ACQUISITION CORP II	Industrials	0.01%	$9,760	HYP-YCY
275	TRAD	APEX TECH ACQUISITION INC	Industrials	0.01%	$9,454	HYP-TRAD
276	PLUN	PLUTONIAN ACQUISITION CORP II	Industrials	0.01%	$9,142	HYP-PLUN
277	BHAV	BHAV ACQUISITION CORP	Industrials	0.01%	$9,071	HYP-BHAV
278	XFLH	XFLH CAPITAL CORP	Industrials	0.01%	$9,006	HYP-XFLH
279	RFAM	RF ACQUISITION CORP III	Industrials	0.01%	$8,960	HYP-RFAM
280	UAC	UNITED ACQUISITION CORP I	Industrials	0.01%	$8,941	HYP-UAC
281	SCPQ	SOCIAL COMMERCE PARTNERS CORP	Industrials	0.01%	$8,889	HYP-SCPQ
282	VECA	VERNAL CAPITAL ACQUISITION CORP	Industrials	0.01%	$8,557	HYP-VECA
283	JYNT	JOINT CORP	Healthcare	0.01%	$8,252	HYP-JYNT
284	IPEX	INFLECTION POINT ACQUISITION CORP V	Industrials	0.01%	$8,155	HYP-IPEX
285	PCSC	PERCEPTIVE CAPITAL SOLUTIONS CORP	Industrials	0.01%	$7,973	HYP-PCSC
286	BRKH	BURTECH ACQUISITION CORP II	Industrials	0.01%	$7,713	HYP-BRKH
287	PGAC	PANTAGES CAPITAL ACQUISITION CORP	Industrials	0.01%	$7,661	HYP-PGAC
288	QUMS	QUANTUMSPHERE ACQUISITION CORP	Industrials	0.01%	$7,602	HYP-QUMS
289	CHAR	CHARLTON ARIA ACQUISITION CORP	Industrials	0.01%	$7,518	HYP-CHAR
290	QSEA	QUARTZSEA ACQUISITION CORP	Industrials	0.01%	$6,940	HYP-QSEA
291	CHPG	CHAMPIONSGATE ACQUISITION CORP	Industrials	0.01%	$6,764	HYP-CHPG
292	NOEM	CO2 ENERGY TRANSITION CORP	Industrials	0.01%	$6,589	HYP-NOEM
293	RACD	RESEARCH ALLIANCE CORP IV	Industrials	0.01%	$6,147	HYP-RACD
294	LCCC	LAKESHORE ACQUISITION III CORP	Industrials	0.01%	$6,043	HYP-LCCC
295	MCAH	MOUNTAIN CREST ACQUISITION 6 CORP	Industrials	0.01%	$5,841	HYP-MCAH
296	SIMA	SIM ACQUISITION CORP I	Industrials	0.01%	$5,841	HYP-SIMA
297	MMTX	MILUNA ACQUISITION CORP	Industrials	0.01%	$5,802	HYP-MMTX
298	ORIQ	ORIGIN INVESTMENT CORP I	Industrials	0.01%	$5,789	HYP-ORIQ
299	BSAA	BEST SPAC I ACQUISITION CORP	Industrials	0.01%	$5,776	HYP-BSAA
300	ALIS	CALISA ACQUISITION CORP	Industrials	0.01%	$5,562	HYP-ALIS
301	FGMC	FG MERGER II CORP	Industrials	0.01%	$5,556	HYP-FGMC
302	IOR	INCOME OPPORTUNITY REALTY INVESTORS INC	Financial Services	0.01%	$5,484	HYP-IOR
303	APAC	STONEBRIDGE ACQUISITION II CORP	Industrials	0.01%	$5,406	HYP-APAC
304	CPHC	CANTERBURY PARK HOLDING CORP	Consumer Cyclical	0.01%	$5,315	HYP-CPHC
305	WSTN	WESTIN ACQUISITION CORP	Industrials	0.01%	$5,296	HYP-WSTN
306	HNNA	HENNESSY ADVISORS INC	Financial Services	0.01%	$5,127	HYP-HNNA
307	SSEA	STARRY SEA ACQUISITION CORP	Industrials	0.01%	$5,101	HYP-SSEA
308	SEAT	VIVID SEATS INC	Communication Services	0.01%	$5,062	HYP-SEAT
309	ROLR	HIGH ROLLER TECHNOLOGIES INC	Consumer Cyclical	0.00%	$4,958	HYP-ROLR
310	WTG	WINTERGREEN ACQUISITION CORP	Industrials	0.00%	$4,958	HYP-WTG
311	NBRG	NEWBRIDGE ACQUISITION LTD	Industrials	0.00%	$4,893	HYP-NBRG
312	BPAC	BLUEPORT ACQUISITION LTD	Industrials	0.00%	$4,867	HYP-BPAC
313	EURK	EUREKA ACQUISITION CORP	Industrials	0.00%	$3,918	HYP-EURK
314	PECE	PEACE ACQUISITION CORP	Industrials	0.00%	$3,860	HYP-PECE
315	CAPN	CAYSON ACQUISITION CORP	Industrials	0.00%	$3,814	HYP-CAPN
316	UYSC	UY SCUTI ACQUISITION CORP	Industrials	0.00%	$3,658	HYP-UYSC
317	FSHP	FLAG SHIP ACQUISITION CORP	Industrials	0.00%	$3,652	HYP-FSHP
318	IBAC	IB ACQUISITION CORP	Industrials	0.00%	$3,509	HYP-IBAC
319	RIBB	RIBBON ACQUISITION CORP	Industrials	0.00%	$3,509	HYP-RIBB

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

Foundry NetDebtPrice Industry-Neutral Factor ETF

Fund

Holdings as of July 2026 (319 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)