================================================================================================ DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE. ================================================================================================ FCCM - Foundry Momentum Covered Call ETF (FFFM) 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 12-Month Momentum factor model, before the placeholder expense ratio and trading costs. ## Key Facts Item | Value ------------------------------+---------------------------------------------- Ticker (pseudo) | FFFM CUSIP | Not applicable (hypothetical model portfolio) Listing exchange | Not listed (hypothetical) Underlying model | 12-Month Momentum factor (all stocks) Placeholder expense ratio | 0.29% Placeholder inception date | 2021-07-22 Number of holdings (long leg) | 272 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 | 30.15% 2018 | 1.93% 2019 | 20.68% 2020 | 20.03% 2021 | 19.50% 2022 | -10.93% 2023 | 10.89% 2024 | 44.42% 2025 | 8.01% 2026 | 4.27% ## Average Annual Total Returns (hypothetical, as of the most recent sample month) Period | Hypothetical Avg. Annual Total Return ------------------------------------+-------------------------------------- 1 Year | 14.65% 3 Years | 16.92% 5 Years | 11.58% 10 Years | 14.43% Since Model Inception (full sample) | 12.27% ## Top 10 Holdings (of 272) # | Ticker | Company | Sector | Weight | Market Value ---+--------+---------------------------------+-------------+--------+------------- 1 | MU | MICRON TECHNOLOGY INC | Technology | 14.64% | $14,643,259 2 | AMD | ADVANCED MICRO DEVICES INC | Technology | 12.35% | $12,346,094 3 | INTC | INTEL CORP | Technology | 7.30% | $7,295,236 4 | AMAT | APPLIED MATERIALS INC | Technology | 6.42% | $6,422,528 5 | CAT | CATERPILLAR INC | Industrials | 6.19% | $6,192,845 6 | LRCX | LAM RESEARCH CORP | Technology | 5.98% | $5,983,830 7 | KLAC | KLA CORP | Technology | 4.24% | $4,244,385 8 | DELL | DELL TECHNOLOGIES INC | Technology | 3.92% | $3,923,067 9 | SNDK | SANDISK CORP | Technology | 3.06% | $3,064,201 10 | STX | SEAGATE TECHNOLOGY HOLDINGS PLC | Technology | 2.70% | $2,697,373 ## Sector Allocation Sector | Weight | # Holdings -----------------------+--------+----------- Technology | 77.84% | 81 Industrials | 12.57% | 36 Healthcare | 7.27% | 112 Financial Services | 0.67% | 7 Communication Services | 0.42% | 6 Basic Materials | 0.41% | 8 Consumer Cyclical | 0.39% | 11 Energy | 0.37% | 9 Utilities | 0.04% | 1 Real Estate | 0.03% | 1 ## Portfolio Characteristics (hypothetical) Characteristic | Value -------------------------------+-------- Sharpe ratio (full sample) | 0.78 Annualized volatility | 16.77% Maximum drawdown | -35.18% Average monthly turnover | 28.59% Out-of-sample Sharpe (2019-26) | 0.86 ================================================================================================ DRAFT — HYPOTHETICAL MODEL PORTFOLIO — NOT A REGISTERED FUND, NOT AN OFFER TO SELL SECURITIES, NOT INVESTMENT ADVICE. ================================================================================================