QXO: Out of Favor, Wildly Compelling Story.

QXO, Inc. represents the latest venture from Brad Jacobs, a renowned entrepreneur with a history of building multi-billion-dollar companies through aggressive consolidation. The company aims to dominate the fragmented building products distribution industry by acquiring smaller regional players and scaling to a $50 billion revenue goal. Central to this strategy is a sophisticated AI-first technology stack designed to modernize analog operations and improve profit margins. While the business faces risks from housing market volatility and the complexity of merging several large acquisitions simultaneously, its leadership maintains a massive equity stake to ensure alignment with investors. Ultimately, the text characterizes the firm as a high-conviction long-term investment driven by a proven playbook of operational rigor and digital transformation.Important InformationInvestors 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.