Subscription Software & Paid Memberships

This basket targets businesses that sell renewable access to software, entertainment or shopping benefits, rather than depending primarily on individual product purchases. The emphasis is renewal economics and customer retention, distinct from the fleet's AI-workflow and transaction-platform themes. Software drawdowns offer selective entry opportunities alongside established membership franchises, although weak retention or excessive acquisition spending would undermine the thesis. Launch basket (equal weight): ADBE, INTU, CRM, NFLX, COST, WDAY Rules: 1. No inverse, leveraged or volatility ETFs. 2. Only names tradable at the enrolled brokers (Moomoo): no OTC listings, no dead tickers, nothing on the refused list.