In May 2026, Roundhill launched the Roundhill Heavy Assets and Low Obsolescence ETF (LOHA), designed to hedge against the current market's concentrated investment in software and artificial intelligence (AI). The ETF's investment philosophy focuses on companies with physical infrastructure, entrenched distribution networks, and long-life capital. Its top five holdings include Cummins (diesel and natural gas engines), AutoZone (auto parts), TFI International (freight), Lennox International (HVAC), and Newmont (gold mining). Notably, Cummins' Power Systems segment saw a 19% increase in Q2 sales, partly due to the sale of backup diesel generators to AI data centers. This means that a primary holding of this "anti-AI" fund is ironically benefiting from AI infrastructure development.