ETF Foundry

Fund

Item	Value
Ticker (pseudo)	FPRI
CUSIP	Not applicable (hypothetical model portfolio)
Listing exchange	Not listed (hypothetical)
Underlying model	Price factor (Industrials only)
Placeholder expense ratio	0.45%
Placeholder inception date	2020-11-19
Number of holdings (long leg)	142
Weighting	Cap-weighted
Rebalance frequency	Monthly
Holdings as of	July 2026

Holdings as of July 2026 (142 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)

#	Ticker	Company	Sector	Weight	Market Value	CUSIP
1	JOBY	JOBY AVIATION INC	Industrials	10.27%	$10,270,849	HYP-JOBY
2	ADT	ADT INC	Industrials	8.00%	$8,001,693	HYP-ADT
3	XXI	TWENTY ONE CAPITAL INC	Industrials	5.03%	$5,025,592	HYP-XXI
4	SMR	NUSCALE POWER CORP	Industrials	4.07%	$4,074,863	HYP-SMR
5	AACO	ABONY ACQUISITION CORP I	Industrials	3.83%	$3,832,667	HYP-AACO
6	JBLU	JETBLUE AIRWAYS CORP	Industrials	2.91%	$2,911,978	HYP-JBLU
7	RDW	REDWIRE CORP	Industrials	2.43%	$2,427,587	HYP-RDW
8	TE	T1 ENERGY INC	Industrials	2.36%	$2,355,376	HYP-TE
9	HLMN	HILLMAN SOLUTIONS CORP	Industrials	2.29%	$2,292,408	HYP-HLMN
10	TIC	TIC SOLUTIONS INC	Industrials	2.19%	$2,187,847	HYP-TIC
11	ULCC	FRONTIER GROUP HOLDINGS INC	Industrials	2.07%	$2,067,543	HYP-ULCC
12	BW	BABCOCK & WILCOX ENTERPRISES INC	Industrials	1.95%	$1,945,507	HYP-BW
13	LZ	LEGALZOOMCOM INC	Industrials	1.91%	$1,913,734	HYP-LZ
14	UPWK	UPWORK INC	Industrials	1.62%	$1,616,225	HYP-UPWK
15	PCT	PURECYCLE TECHNOLOGIES INC	Industrials	1.58%	$1,578,964	HYP-PCT
16	EVLV	EVOLV TECHNOLOGIES HOLDINGS INC	Industrials	1.47%	$1,470,359	HYP-EVLV
17	KODK	EASTMAN KODAK CO	Industrials	1.08%	$1,079,698	HYP-KODK
18	FAC	FACTORIAL ENERGY INC	Industrials	0.88%	$880,540	HYP-FAC
19	TWI	TITAN INTERNATIONAL INC	Industrials	0.71%	$712,144	HYP-TWI
20	AIAI	AIAI HOLDINGS CORP	Industrials	0.71%	$709,833	HYP-AIAI
21	MLAA	MOUNTAIN LAKE ACQUISITION CORP II	Industrials	0.70%	$703,190	HYP-MLAA
22	ZKP	LAFAYETTE DIGITAL ACQUISITION CORP I	Industrials	0.67%	$672,717	HYP-ZKP
23	PANL	PANGAEA LOGISTICS SOLUTIONS LTD	Industrials	0.66%	$664,196	HYP-PANL
24	SRTA	STRATA CRITICAL MEDICAL INC	Industrials	0.64%	$643,544	HYP-SRTA
25	QUAD	QUAD/GRAPHICS INC	Industrials	0.64%	$643,399	HYP-QUAD
26	ERII	ENERGY RECOVERY INC	Industrials	0.64%	$641,666	HYP-ERII
27	IACO	IDEA ACQUISITION CORP	Industrials	0.63%	$628,091	HYP-IACO
28	DBCA	D BORAL ACQUISITION I CORP	Industrials	0.62%	$623,614	HYP-DBCA
29	MESH	MESHFLOW ACQUISITION CORP	Industrials	0.62%	$623,469	HYP-MESH
30	RLGT	RADIANT LOGISTICS INC	Industrials	0.62%	$622,891	HYP-RLGT
31	KRAQ	KRAKACQUISITION CORP	Industrials	0.62%	$622,169	HYP-KRAQ
32	MEVO	M EVO GLOBAL ACQUISITION CORP II	Industrials	0.57%	$574,799	HYP-MEVO
33	SERV	SERVE ROBOTICS INC	Industrials	0.57%	$568,733	HYP-SERV
34	MZYX	MOZAYYX ACQUISITION CORP	Industrials	0.54%	$542,593	HYP-MZYX
35	FDMMU	FREEDOM METALS ACQUISITION CORP	Industrials	0.54%	$539,849	HYP-FDMMU
36	ALOV	ALDABRA 4 LIQUIDITY OPPORTUNITY VEHICLE INC	Industrials	0.54%	$538,549	HYP-ALOV
37	GIX	GIGCAPITAL9 CORP	Industrials	0.52%	$524,685	HYP-GIX
38	ACAA	AVERIN CAPITAL ACQUISITION CORP	Industrials	0.52%	$515,297	HYP-ACAA
39	HCIC	HENNESSY CAPITAL INVESTMENT CORP VIII	Industrials	0.51%	$511,398	HYP-HCIC
40	YICC	YORKVILLE INTERNATIONAL CAPITAL CORP	Industrials	0.50%	$503,166	HYP-YICC
41	ARTC	ART TECHNOLOGY ACQUISITION CORP	Industrials	0.50%	$501,577	HYP-ARTC
42	BIXI	BITCOIN INFRASTRUCTURE ACQUISITION CORP LTD	Industrials	0.50%	$499,555	HYP-BIXI
43	SORN	SOREN ACQUISITION CORP	Industrials	0.50%	$498,544	HYP-SORN
44	AACI	ARMADA ACQUISITION CORP III	Industrials	0.49%	$490,023	HYP-AACI
45	PTOR	PRAETORIAN ACQUISITION CORP	Industrials	0.49%	$489,879	HYP-PTOR
46	AMACU	AMACU	Industrials	0.49%	$489,301	HYP-AMACU
47	KEYY	KEYSTONE ACQUISITION CORP	Industrials	0.47%	$474,715	HYP-KEYY
48	AEAQ	ACTIVATE ENERGY ACQUISITION CORP	Industrials	0.45%	$452,618	HYP-AEAQ
49	ILLU	ILLUMINATION ACQUISITION CORP I	Industrials	0.45%	$450,596	HYP-ILLU
50	LEGO	LEGATO MERGER CORP IV	Industrials	0.45%	$450,163	HYP-LEGO
51	CGCFU	CARTESIAN GROWTH CORP IV	Industrials	0.45%	$450,018	HYP-CGCFU
52	JONEU	JONES VENTURES INTL ACQUISITION1 CORP	Industrials	0.45%	$449,008	HYP-JONEU
53	GUAC	BERTO ACQUISITION CORP II	Industrials	0.45%	$448,574	HYP-GUAC
54	ITHA	ITHAX ACQUISITION CORP III	Industrials	0.44%	$442,942	HYP-ITHA
55	VHCP	VINE HILL CAPITAL INVESTMENT CORP II	Industrials	0.44%	$442,942	HYP-VHCP
56	MTNE	CH4 NATURAL SOLUTIONS CORP	Industrials	0.43%	$425,756	HYP-MTNE
57	ACGC	ACP HOLDINGS ACQUISITION CORP	Industrials	0.43%	$425,178	HYP-ACGC
58	NL	NL INDUSTRIES INC	Industrials	0.42%	$416,368	HYP-NL
59	ADAC	AMERICAN DRIVE ACQUISITION CO	Industrials	0.42%	$416,079	HYP-ADAC
60	FGII	FG IMPERII ACQUISITION CORP	Industrials	0.42%	$415,935	HYP-FGII
61	LPCV	LAUNCHPAD CADENZA ACQUISITION CORP I	Industrials	0.41%	$414,780	HYP-LPCV
62	ASLE	AERSALE CORP	Industrials	0.41%	$412,902	HYP-ASLE
63	IACQ	IRENIC ACQUISITION CORP	Industrials	0.41%	$405,248	HYP-IACQ
64	XCBE	X3 ACQUISITION CORP LTD	Industrials	0.40%	$404,092	HYP-XCBE
65	QLEP	QUANTUM LEAP ACQUISITION CORP	Industrials	0.40%	$401,059	HYP-QLEP
66	XSLL	XSOLLA SPAC 1	Industrials	0.40%	$397,016	HYP-XSLL
67	MUZE	MUZERO ACQUISITION CORP	Industrials	0.39%	$392,972	HYP-MUZE
68	DNMX	DYNAMIX CORP III	Industrials	0.39%	$387,917	HYP-DNMX
69	TG	TREDEGAR CORP	Industrials	0.38%	$380,263	HYP-TG
70	PPHC	PUBLIC POLICY HOLDING COMPANY INC	Industrials	0.38%	$376,363	HYP-PPHC
71	TBI	TRUEBLUE INC	Industrials	0.37%	$372,753	HYP-TBI
72	TRGS	TRG LATIN AMERICA ACQUISITIONS CORP	Industrials	0.37%	$371,886	HYP-TRGS
73	LTBR	LIGHTBRIDGE CORP	Industrials	0.37%	$369,576	HYP-LTBR
74	ISNRU	SNOW ROTHSCHILD ACQUISITION CORP	Industrials	0.36%	$361,488	HYP-ISNRU
75	CAQ	CAMBRIDGE ACQUISITION CORP	Industrials	0.36%	$359,899	HYP-CAQ
76	SAMO.U	SAMOS ENERGY ACQUISITION CORP	Industrials	0.36%	$359,610	HYP-SAMO.U
77	WLCOU	WILCO 63 CORP	Industrials	0.36%	$359,177	HYP-WLCOU
78	SSAC	SPACSPHERE ACQUISITION CORP	Industrials	0.35%	$347,335	HYP-SSAC
79	TWLV	TWELVE SEAS INVESTMENT CO III	Industrials	0.34%	$338,092	HYP-TWLV
80	GSRV	GSR V ACQUISITION CORP	Industrials	0.34%	$337,225	HYP-GSRV
81	SUMA	SUMA ACQUISITION CORP	Industrials	0.34%	$336,936	HYP-SUMA
82	UP	WHEELS UP EXPERIENCE INC	Industrials	0.33%	$330,726	HYP-UP
83	BIII	BLACK SPADE ACQUISITION III CO	Industrials	0.33%	$330,437	HYP-BIII
84	IRAB	IRIS ACQUISITION CORP II	Industrials	0.33%	$329,137	HYP-IRAB
85	IPVVU	INTERPRIVATE INVESTMENT PARTNERS V INC	Industrials	0.32%	$321,772	HYP-IPVVU
86	PTAC	PATRIOT ACQUISITION CORP	Industrials	0.32%	$315,706	HYP-PTAC
87	MIACU	MERIDIAN3 INDUSTRIALS ACQUISITION CORP	Industrials	0.32%	$315,273	HYP-MIACU
88	IDAC	IRON DOME ACQUISITION I CORP	Industrials	0.31%	$313,251	HYP-IDAC
89	SMHI	SEACOR MARINE HOLDINGS INC	Industrials	0.31%	$309,207	HYP-SMHI
90	PALO	PALOMA ACQUISITION CORP I	Industrials	0.30%	$304,441	HYP-PALO
91	ALTG	ALTA EQUIPMENT GROUP INC	Industrials	0.30%	$299,820	HYP-ALTG
92	AIRO	AIRO GROUP HOLDINGS INC	Industrials	0.30%	$296,498	HYP-AIRO
93	OHAC	OCEANHAWK ACQUISITION CORP	Industrials	0.29%	$293,754	HYP-OHAC
94	LTGRU	LONG TABLE GROWTH CORP	Industrials	0.29%	$289,421	HYP-LTGRU
95	BEBE	TGE VALUE CREATIVE SOLUTIONS CORP	Industrials	0.29%	$288,266	HYP-BEBE
96	KTWO	K2 CAPITAL ACQUISITION CORP	Industrials	0.29%	$287,399	HYP-KTWO
97	TVIV	TEXAS VENTURES ACQUISITION IV CORP	Industrials	0.29%	$286,822	HYP-TVIV
98	ETSS	ENERGY TRANSITION SPECIAL OPPORTUNITIES	Industrials	0.29%	$285,378	HYP-ETSS
99	PAL	PROFICIENT AUTO LOGISTICS INC	Industrials	0.29%	$285,089	HYP-PAL
100	BIDWU	TRIBECA STRATEGIC ACQUISITION CORP	Industrials	0.28%	$277,868	HYP-BIDWU
101	EAF	GRAFTECH INTERNATIONAL LTD	Industrials	0.26%	$260,681	HYP-EAF
102	PAAC	PROEM ACQUISITION CORP I	Industrials	0.25%	$254,905	HYP-PAAC
103	BREZ	BREEZE ACQUISITION CORP II	Industrials	0.25%	$254,182	HYP-BREZ
104	APMCU	AMPERCAP ACQUISITION CO	Industrials	0.25%	$252,594	HYP-APMCU
105	NUTR	NUSATRIP INC	Industrials	0.25%	$251,872	HYP-NUTR
106	PONO	PONO CAPITAL FOUR INC	Industrials	0.25%	$249,850	HYP-PONO
107	CTAA	CLEARTHINK 1 ACQUISITION CORP	Industrials	0.24%	$238,874	HYP-CTAA
108	SAGU	SHREYA ACQUISITION GROUP	Industrials	0.23%	$231,508	HYP-SAGU
109	QRED	QUASAREDGE ACQUISITION CORP	Industrials	0.23%	$231,364	HYP-QRED
110	GLED	GALAXYEDGE ACQUISITION CORP	Industrials	0.23%	$230,353	HYP-GLED
111	WENC	WEST ENCLAVE MERGER CORP	Industrials	0.23%	$230,208	HYP-WENC
112	FMAC	FUTURE MONEY ACQUISITION CORP	Industrials	0.23%	$227,464	HYP-FMAC
113	WPAC	WHITE PEARL ACQUISITION CORP	Industrials	0.23%	$226,453	HYP-WPAC
114	AP	AMPCO PITTSBURGH CORP	Industrials	0.22%	$224,865	HYP-AP
115	APUR	APERTURE AC	Industrials	0.21%	$211,578	HYP-APUR
116	TRAD	APEX TECH ACQUISITION INC	Industrials	0.21%	$210,134	HYP-TRAD
117	MYX	MAYWOOD ACQUISITION CORP 2	Industrials	0.21%	$208,112	HYP-MYX
118	RAIL	FREIGHTCAR AMERICA INC	Industrials	0.21%	$207,823	HYP-RAIL
119	PLUN	PLUTONIAN ACQUISITION CORP II	Industrials	0.20%	$203,202	HYP-PLUN
120	BHAV	BHAV ACQUISITION CORP	Industrials	0.20%	$201,613	HYP-BHAV
121	XFLH	XFLH CAPITAL CORP	Industrials	0.20%	$200,169	HYP-XFLH
122	RFAM	RF ACQUISITION CORP III	Industrials	0.20%	$199,158	HYP-RFAM
123	UAC	UNITED ACQUISITION CORP I	Industrials	0.20%	$198,724	HYP-UAC
124	FTHA	FOREFRONT TECH HOLDINGS ACQUISITION CORP	Industrials	0.20%	$198,002	HYP-FTHA
125	OTAI	STARLINK AI ACQUISITION CORP	Industrials	0.20%	$198,002	HYP-OTAI
126	SCPQ	SOCIAL COMMERCE PARTNERS CORP	Industrials	0.20%	$197,569	HYP-SCPQ
127	VECA	VERNAL CAPITAL ACQUISITION CORP	Industrials	0.19%	$190,204	HYP-VECA
128	ALPX	ALPEX ACQUISITION CORP	Industrials	0.18%	$183,416	HYP-ALPX
129	VATE	INNOVATE CORP	Industrials	0.18%	$177,928	HYP-VATE
130	BRKH	BURTECH ACQUISITION CORP II	Industrials	0.17%	$171,429	HYP-BRKH
131	CODA	CODA OCTOPUS GROUP INC	Industrials	0.16%	$163,197	HYP-CODA
132	FXAC	FORTUNEX ACQUISITION CORP	Industrials	0.16%	$158,575	HYP-FXAC
133	ULBI	ULTRALIFE CORP	Industrials	0.13%	$132,579	HYP-ULBI
134	MCAH	MOUNTAIN CREST ACQUISITION 6 CORP	Industrials	0.13%	$129,835	HYP-MCAH
135	MHH	MASTECH DIGITAL INC	Industrials	0.13%	$127,813	HYP-MHH
136	FGMC	FG MERGER II CORP	Industrials	0.12%	$123,481	HYP-FGMC
137	AUC	ATIF HOLDINGS LTD	Financial Services	0.12%	$118,281	HYP-AUC
138	DLHC	DLH HOLDINGS CORP	Industrials	0.12%	$115,104	HYP-DLHC
139	NBRG	NEWBRIDGE ACQUISITION LTD	Industrials	0.11%	$108,750	HYP-NBRG
140	BGSF	BGSF INC	Industrials	0.09%	$93,152	HYP-BGSF
141	PECE	PEACE ACQUISITION CORP	Industrials	0.09%	$85,787	HYP-PECE
142	LNZA	LANZATECH GLOBAL INC	Industrials	0.08%	$81,165	HYP-LNZA

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

Foundry Industrials Price Factor ETF

Fund

Holdings as of July 2026 (142 positions, cap-weighted; market values illustrative on a hypothetical $100,000,000 portfolio)