Artificial intelligence is creating what could become the largest enterprise technology spending cycle in decades. As governments and corporations increasingly seek to keep their most valuable data and AI workloads on-premises, Dell Technologies and Hewlett Packard Enterprise are uniquely positioned to benefit. Together, they provide the servers, storage, networking, software, and services needed to build secure private AI environments—helping enterprises deploy AI while maintaining control over their intellectual property, customer data, and mission-critical systems.

A second wave of opportunity may come from the enterprise AI PC refresh cycle. As millions of aging corporate laptops and workstations are replaced with AI-enabled devices equipped with Neural Processing Units (NPUs), organizations can run AI assistants, automate workflows, and analyze sensitive information directly on employees' devices without relying entirely on the cloud. With leadership positions across enterprise servers, AI workstations, PCs, storage, and hybrid cloud infrastructure, Dell and HPE are positioned to benefit from both the buildout of private AI infrastructure and the modernization of enterprise computing—making them compelling investments in the next generation of AI deployment.

At the center of this theme is Intuitive Surgical (ISRG), the global leader in robotic-assisted surgery. With thousands of da Vinci systems installed worldwide, Intuitive has built an ecosystem that extends far beyond selling robots. Every new procedure generates recurring revenue through instruments, accessories, software, service contracts, and system upgrades, while hospitals and surgeons become increasingly embedded in its platform. As robotic surgery expands into new specialties and international markets, Intuitive is positioned to benefit from rising procedure volumes for years to come. For long-term investors, it represents a unique combination of demographic growth, technological leadership, recurring revenue, and a wide competitive moat—making it one of the highest-quality ways to invest in the future of healthcare.

What makes this group particularly attractive is the strength of the underlying brands and the scarcity of their competitive positions. Many operate category-leading platforms with significant customer loyalty, powerful network effects, recurring revenue streams, and global scale that would be extremely difficult to replicate. Several are also benefiting from powerful secular tailwinds including the growth of experiential spending, increasing global travel, digital commerce, rising sports participation, premium leisure consumption, and the continued shift toward convenience-driven lifestyles. Together, these companies provide exposure to some of the most durable areas of consumer spending while owning brands and platforms that have become integral to how people shop, travel, socialize, entertain themselves, and experience the world. In many ways, this group represents a portfolio of companies monetizing human aspiration, convenience, enjoyment, and experience—some of the most resilient forms of consumption throughout economic cycles.
This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

What makes this group so compelling is that they benefit from some of the most durable and predictable trends in the global economy: rising consumption, increasing internet penetration, digital commerce, streaming entertainment, mobile connectivity, and the growing monetization of consumer attention. These companies do not simply sell products; they own ecosystems that become more valuable as more consumers, creators, merchants, advertisers, and businesses join their platforms. Collectively, they reach well over a billion people worldwide and generate tens of billions of dollars in revenue and free cash flow each year. As more of daily life moves online and consumers increasingly demand convenience, entertainment, personalization, and digital experiences, these businesses are positioned to capture a growing share of global spending, engagement, and attention, making them some of the most powerful consumer platforms in the modern economy.
This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

What makes this group particularly compelling is that they benefit from the long-term growth of global wealth, financial assets, consumption, and private capital. JPMorgan and Morgan Stanley help manage and advise trillions of dollars of client assets, Visa and Capital One profit from the ongoing digitization of payments and consumer spending, Blackstone and Apollo sit at the center of the rapidly growing private markets ecosystem, and CBRE helps build and operate the physical infrastructure supporting the modern economy. Together, these companies function as toll collectors on economic activity, earning fees, spreads, commissions, and recurring revenue as capital moves, businesses grow, consumers spend, and wealth compounds. As global financial assets continue expanding and economic activity becomes increasingly interconnected, these businesses are positioned to benefit from some of the most durable and attractive secular trends in the world.
This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

What makes this group particularly compelling is that they are positioned at the intersection of several powerful demographic and healthcare trends. Populations around the world are aging, chronic diseases are becoming more prevalent, obesity rates continue to rise, and healthcare systems are increasingly focused on extending both lifespan and quality of life. Lilly is helping transform obesity, diabetes, and neuroscience treatment, AbbVie has built leadership positions in immunology, aesthetics, neuroscience, and oncology, while AstraZeneca has become one of the world's leading innovators in cancer, cardiovascular, kidney, and rare disease therapies. Together, these companies provide investors exposure to some of the most important and durable growth markets in healthcare, making them attractive long-term holdings for portfolios seeking a combination of innovation, resilience, and participation in the future of medicine.
This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

What makes this group so compelling is that each company benefits from long-term secular trends that are difficult to disrupt or replace. Global populations continue growing, infrastructure requires ongoing investment, food demand steadily increases, industrial reshoring is accelerating, and trillions of dollars are being deployed into factories, logistics networks, energy systems, data centers, and commercial facilities. These businesses occupy leadership positions in industries characterized by trusted brands, deep customer relationships, recurring service revenue, high switching costs, and decades of accumulated expertise. In many ways, Caterpillar builds the world, Deere feeds the world, Corteva improves the world's ability to feed itself, and CBRE helps operate the world's most important physical assets. Together, they represent a portfolio of mission-critical businesses serving some of humanity's most enduring needs: shelter, food, infrastructure, productivity, and economic development.
This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

What makes this theme so compelling is that national security is becoming less dependent on individual weapons systems and increasingly dependent on integrated networks of sensors, communications, autonomy, intelligence, and mobility. Nations around the world are modernizing their militaries, strengthening supply chains, increasing defense budgets, and investing heavily in technologies that improve situational awareness, precision, survivability, and operational effectiveness. These companies occupy leadership positions in some of the most difficult industries to enter, benefiting from decades of engineering expertise, long-term government relationships, high switching costs, regulatory barriers, and recurring aftermarket revenue streams. As geopolitical competition intensifies and military modernization accelerates globally, these businesses provide investors exposure to some of the most important technologies underpinning the future of defense, aerospace, public safety, and national security.
This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

What makes this theme so compelling is that electricity has become the foundational input behind nearly every major secular trend shaping the future. The world is simultaneously demanding more power, more reliability, more transmission capacity, more energy efficiency, and more energy security than at any point in decades. These companies operate across the entire value chain—from Cheniere exporting natural gas to fuel global economies, to Vistra and Talen generating electricity, to GE Vernova building power infrastructure, to Quanta constructing transmission networks, to Eaton distributing electricity, and Trane helping customers use that energy more efficiently. Together, they represent the picks, shovels, pipelines, power plants, and electrical backbone supporting what may become one of the largest infrastructure investment cycles in modern history.
This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

The investment opportunity is remarkably simple: own the companies that serve the world's growing consumption. As populations expand, incomes rise, and billions of people join the middle class, spending naturally increases. The strongest brands don't just sell products—they become platforms, ecosystems, and daily habits. They benefit from global scale, pricing power, recurring customer relationships, and enormous intangible value that competitors struggle to replicate. While technologies change and industries evolve, the world's best consumer brands continue adapting, innovating, and capturing a growing share of global spending. Investing in leading brands is ultimately a bet on human progress itself—the belief that over time people will consume more, live better, travel further, entertain themselves more frequently, and increasingly choose the companies they trust most. The history of investing suggests that has been a very good bet.
This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

The opportunity today is that the market may still be valuing CBRE as a cyclical real estate business when its future increasingly resembles an infrastructure and services company. As artificial intelligence drives a historic wave of data center construction, as manufacturing reshoring fuels new factory development, and as companies continue outsourcing non-core operations, CBRE sits directly in the path of some of the largest capital investment trends of the next decade. This is a company helping manage the physical economy while the world focuses on the digital one. And that disconnect may be exactly what makes CBRE one of the most compelling long-term compounders hiding in plain sight.

DEERE & COMPANY (DE): THE TECHNOLOGY PLATFORM HELPING FEED THE WORLD

Most investors think Deere is a tractor company.

That perception may have been accurate twenty years ago.

Today, it is increasingly wrong.

Deere is one of the most important agricultural technology companies in the world. It sits at the intersection of food production, automation, artificial intelligence, robotics, precision agriculture, and global productivity. While Silicon Valley receives most of the attention for technological innovation, Deere is quietly transforming one of humanity's oldest and most important industries.

The easiest way to understand Deere is this:

If NVIDIA is helping the world process information, Deere is helping the world produce food.

And unlike many technological trends that may rise and fall over time, the need to feed a growing global population is permanent.

Food is not optional.

Agriculture is not discretionary.

The world may change dramatically over the next century, but billions of people will still need to eat every day.

That simple reality forms the foundation of the Deere investment thesis.

THE WORLD'S MOST IMPORTANT PRODUCTIVITY CHALLENGE

The global population continues to grow.

Living standards continue to improve.

Protein consumption continues to rise.

Demand for food continues expanding.

Yet farmers face increasing challenges:

• Labor shortages
• Water constraints
• Rising input costs
• Environmental pressures
• Limited arable land

The challenge is not simply producing more food.

The challenge is producing more food using fewer resources.

This is precisely where Deere becomes indispensable.

The company provides farmers with tools that increase productivity, reduce waste, improve yields, and enhance profitability.

In many ways, Deere's mission is simple:

Help farmers grow more with less.

THE MOST TRUSTED BRAND IN AGRICULTURE

Few companies possess the level of trust Deere enjoys.

The green-and-yellow logo is recognized across virtually every agricultural region in the world.

Farmers often purchase Deere equipment for decades.

Many families have used Deere equipment across multiple generations.

That loyalty is not accidental.

Agriculture is unforgiving.

Planting windows are short.

Harvest windows are short.

Equipment failures can be extraordinarily expensive.

Reliability matters.

A farmer cannot afford downtime during critical periods of the growing season.

As a result, trust becomes an enormous competitive advantage.

When livelihoods depend on machinery performance, brand reputation becomes invaluable.

DEERE IS NO LONGER A MACHINERY COMPANY

This may be the single most important point investors miss.

Modern Deere equipment increasingly resembles a technology platform.

Today's machines contain:

• Artificial intelligence
• Machine vision
• GPS systems
• Sensors
• Cloud connectivity
• Automation software
• Precision guidance systems

Many Deere tractors now process enormous amounts of information while operating.

They continuously analyze:

• Soil conditions
• Crop health
• Field variability
• Equipment performance
• Yield potential

The modern farm increasingly resembles a data center spread across thousands of acres.

Deere sits at the center of that transformation.

THE AI STORY FEW INVESTORS ARE TALKING ABOUT

Most investors associate artificial intelligence with:

• NVIDIA
• Microsoft
• Alphabet
• Amazon

But some of the most powerful AI applications may occur in the physical world.

Agriculture is one example.

Deere's systems can already identify individual weeds among crops.

Instead of spraying an entire field, equipment can target specific plants.

This reduces:

• Herbicide use
• Chemical costs
• Environmental impact

while improving farm economics.

The implications are enormous.

Over time, AI may fundamentally transform how food is produced.

Deere is positioned to be one of the largest beneficiaries.

THE AUTONOMOUS FARM IS COMING

Labor shortages are becoming one of agriculture's biggest challenges.

Finding skilled operators is increasingly difficult.

At the same time, farms continue growing larger.

The solution is automation.

Deere is investing heavily in autonomous equipment capable of operating with minimal human intervention.

Imagine farms where:

• Tractors operate continuously
• Equipment drives itself
• Machines optimize routes automatically
• AI monitors field conditions in real time

This future is no longer science fiction.

Many elements already exist.

The result is higher productivity, lower labor requirements, and improved profitability for customers.

For Deere, it creates an entirely new growth opportunity.

THE SOFTWARE OPPORTUNITY

Historically, Deere generated revenue primarily from equipment sales.

That model is evolving.

Increasingly, software and technology services are becoming part of the value proposition.

The company now has opportunities to monetize:

• Precision agriculture tools
• Data analytics
• Farm management systems
• Autonomous capabilities
• Subscription services

Software revenue tends to be:

• Higher margin
• More recurring
• Less cyclical

Investors often assign premium valuations to businesses with these characteristics.

Deere's evolution toward technology and software could significantly enhance its long-term economics.

THE INSTALLED BASE ADVANTAGE

One of Deere's greatest assets is its installed base.

Millions of machines already operate around the world.

Once equipment is sold, customers require:

• Parts
• Repairs
• Service
• Upgrades
• Software enhancements

This creates recurring revenue streams that can last decades.

The installed base functions similarly to:

• GE Aerospace engines
• Caterpillar equipment
• TransDigm components

The initial sale is often just the beginning.

Long-term customer relationships become increasingly valuable over time.

FOOD SECURITY IS BECOMING A NATIONAL PRIORITY

Governments around the world increasingly recognize food production as a strategic issue.

Energy security matters.

National defense matters.

Food security matters just as much.

Countries that cannot reliably feed their populations face significant economic and political risks.

As a result, agricultural productivity is becoming more important.

Companies that improve food production efficiency may become increasingly valuable.

Deere sits directly in the middle of this trend.

THE GLOBAL OPPORTUNITY

Deere is not solely a U.S. agricultural company.

Its products serve customers around the world.

Growth opportunities exist in:

• North America

Most investors think Cheniere Energy is an energy company.

That description is technically correct but dramatically understates what makes the business special.

Cheniere is not primarily an oil company.

It is not an exploration company.

It is not a commodity producer.

It is not a refiner.

Cheniere is something far rarer.

It is an owner of strategic energy infrastructure that has become increasingly critical to global energy security.

The easiest way to understand Cheniere is this:

If NVIDIA became one of the most important companies enabling the flow of information, Cheniere has become one of the most important companies enabling the flow of energy.

The company sits at the center of one of the most important economic and geopolitical developments of the 21st century: the transformation of the United States into the world's leading exporter of liquefied natural gas (LNG).

In many ways, Cheniere has become the bridge connecting America's vast natural gas resources with global energy demand.

And that bridge may become increasingly valuable for decades.

THE BUSINESS MODEL IS OFTEN MISUNDERSTOOD

Many investors assume Cheniere's earnings are highly dependent upon natural gas prices.

That is not how the business works.

The company primarily owns LNG export terminals.

These facilities take natural gas produced in the United States and convert it into liquefied natural gas that can be transported by specialized ships around the world.

The LNG is then delivered to:

• Europe
• Asia
• South America
• Emerging markets

where it is converted back into natural gas and used for:

• Electricity generation
• Industrial production
• Heating
• Manufacturing

The key insight is that Cheniere largely earns money from processing and exporting LNG rather than speculating on commodity prices.

Its business model resembles a toll road more than an oil producer.

This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

The transformational move was the May 2025 acquisition of BlueHalo, which extended A-V from a small-drone maker into a multi-domain autonomy platform spanning directed energy, space communications, cyber, and electronic warfare. Few competitors can offer the full kill chain—detect, track, and defeat—across both drones and counter-drones from a single vendor.
This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

The financial trajectory confirms the thesis is converting. First-quarter 2026 revenue grew 22.6% to $371 million; backlog hit a record $2.0 billion on a 1.6-to-1 book-to-bill; and the opportunity pipeline swelled to roughly $14 billion. The growth ahead is a conversion story: turning that pipeline into full-rate production. As generational programs move from development to volume, fixed-cost absorption should lift today’s thin ~2% net margins meaningfully—on 20%+ revenue growth, even modest margin expansion compounds into outsized earnings power.
This is NOT financial advice. This is for educational and informational purposes only. Please do your own research.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

For the better part of three years, Apple has been the most dismissed name in mega-cap tech. The narrative was easy. Apple "missed AI." Apple "fell behind." Apple "doesn't innovate" while Microsoft, Google, and Nvidia ran the table. The stock spent two years trading sideways while the rest of the Magnificent Seven sprinted. Headlines about Vision Pro disappointments, Siri embarrassments, and stalled foldables piled up. To be clear, while we think Apple is the greatest consumer staple brand ever created we agree they have become a company that moves slow, over-thinks everything, and needs fresh thinking and new leadership. Well, we are getting it soon and we couldn't be more excited about the future of Apple. What's coming next in Cupertino is the most consequential transition in the company's modern history — bigger than the iPhone 4, bigger than the Apple Watch, bigger than AirPods. The stock has been a solid performer of late, sitting at all time highs and we think it has plenty of room to run from here, even as the stock looks optically expensive.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

I talk about our investment process for LOGO, how we weight the stocks, how we risk manage the portfolio through the boom and bust parts of the economic cycle and finally, I talk about our holdings currently and what spending thematics we have access to today and what our views on overall consumer spending trends are.

Virtually every portfolio is chronically underweight the consumer stocks because they are overweight tech and the sectors brands live are under-represented in indexes and the active funds that benchmark hug, which is most active strategies.

LOGO by design, looks very different than the indexes which makes it a great diversifier to passive strategies. The best part, you own many of the most admired brands around the world and in a risk-managed way via LOGO.

Important Information

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at LogoETF.com. Read the prospectus carefully before investing.

For more information about the Alpha Brands Consumption Leaders ETF, symbol LOGO:

For fund disclosures and holdings visit:

www.LOGOetf.com