UFO

PROCURE SPACE ETF

Since the beginning of humankind, our ancestors have looked to the skies with immense curiosity in search of answers. Space has always captured human interest, but recently, the space economy has also captured commercial interest like never before. UFO, the Procure Space ETF, may provide diversification beyond the limitations of solely earthbound companies.

ETF Ticker UFO
Exchange Nasdaq
Inception 04/11/2019
CUSIP 74280R 205
ISIN US74280R2058
Expense Ratio 0.75%
Index Provider S-Network Global Indexes, Inc.
Index Ticker SPACE
# of Holdings 31
Shares Outstanding 1,025,000
Net Assets $20,112,767.76
Distribution $0.03
Last Ex-Date 09/27/19
Last Pay Date 10/01/19

Daily NAV as of 07/08/2020

NAV MARKET PRICE
Net Asset Value $19.62 Closing Price $19.56
Daily Change $ -0.04 Daily Change $ -0.16
Daily Change % -0.19 Daily Change % -0.82

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 866-690-ETFS (3837).

Short term performance in particular is not a good indication of the fund’s future performance and an investment should not be made based solely on returns.

The market price is the final price at which a security is traded on a given trading day. Net Asset Value( NAV) is value per share on a specific date or time. Returns for periods greater than one year are shown annualized.

Performance

1 MONTH 3 MONTH 6 MONTH 1 YEAR YTD SINCE INCEPTION
MONTH END AS OF 06/30/2020
NAV % 3.42 17.86 -23.41 -23.15 -23.41 -15.93
Market Value % 3.27 18.06 -23.51 -23.15 -23.51 -15.70
1 MONTH 3 MONTH 6 MONTH 1 YEAR YTD SINCE INCEPTION
QUARTER END AS OF 06/30/2020
NAV % 3.42 17.86 -23.41 -23.15 -23.41 -15.93
Market Value % 3.27 18.06 -23.51 -23.15 -23.51 -15.70

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 866-690-ETFS (3837).

Short term performance in particular is not a good indication of the fund’s future performance and an investment should not be made based solely on returns.

The market price is the final price at which a security is traded on a given trading day. Net Asset Value( NAV) is value per share on a specific date or time. Returns for periods greater than one year are shown annualized.

Premium/Discount

Period Covered: November 01, 2019 through April 30, 2020

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 4 3.23%
0.75% to 0.999% 0 0.00%
0.50% to 0.749% 13 10.48%
0.25% to 0.499% 45 36.29%
0.00% to 0.249% 37 29.84%
-0.001% to -0.249% 10 8.06%
-0.25% to -0.499% 11 8.87%
-0.50% to -0.749% 2 1.61%
-0.75% to -0.999% 0 0.00%
-1.00% or more 2 1.61%
Total 124 100.00%

Download Premium/Discount (.xls)

Period Covered: April 10, 2019 through December 31, 2019

Premium/Discount Range Number of Trading Days % of Total Trade Days
1.00% or more 0 0.00%
0.75% to 0.999% 2 1.09%
0.50% to 0.749% 12 6.52%
0.25% to 0.499% 52 28.26%
0.00% to 0.249% 99 53.80%
-0.001% to -0.249% 17 9.24%
-0.25% to -0.499% 1 0.54%
-0.50% to -0.749% 1 0.54%
-0.75% to -0.999% 0 0.00%
-1.00% or more 0 0.00%
Total 184 100.00%

Download Premium/Discount (.xls)

Holdings as of 07/08/2020

RANK NAME %TOTAL NET ASSET TICKER SHARES HELD MARKET VALUE USD
1 MAXAR TECHNOLOGIES INC 5.60% MAXR 69,569 $1,128,409.18
2 VIRGIN GALACTIC HOLDINGS INC COM 5.50% SPCE 66,968 $1,108,320.40
3 IRIDIUM COMMUNICATIONS INC 5.28% IRDM 40,476 $1,063,304.52
4 GARMIN LTD 5.19% GRMN 10,584 $1,044,852.48
5 AVIO SPA 5.03% AVIO IM 57,900 $1,012,820.37
6 DISH NETWORK CORPORATION 4.99% DISH 30,773 $1,005,661.64
7 TRIMBLE INC 4.93% TRMB 23,616 $992,816.64
8 ORBCOMM INC 4.82% ORBC 271,241 $971,042.78
9 LORAL SPACE & COMMUNICATNS INC COM 4.75% LORL 53,084 $957,635.36
10 SIRIUS XM HOLDINGS INC 4.75% SIRI 165,352 $957,388.08

Download All Holdings (.csv)

Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.

Principal Investment Strategies

The Fund has adopted an 80% policy to invest in companies that receive at least 50% of their revenue or profits from one or more segments of the space industry. Although there is no legal definition of “space”, a commonly accepted definition is that the edge of space begins at the Kármán line which is 100 kilometers (62 miles) above the Earth’s surface. This is approximately the point where there is not enough air to provide lift to a winged vehicle. This definition is supported by the Fédération Aéronautique Internationale (an international aeronautics and astronautics standards-setting body), as well as many other organizations. Under normal circumstances, the Fund will invest at least 80% of its total assets in securities that comprise the Underlying Index described below. This policy is “non-fundamental”, which means that it may be changed without the majority of the Fund’s outstanding shares as defined in the 1940 Act. The Fund will provide at least 60 days prior written notice of any changes in such non-fundamental policy with respect to investments of the types suggested by its name.

Investment Objective

The Procure Space ETF (the “Fund”) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the “S-Network Space Index” (the “Underlying Index”) developed by S-Network Global Indexes (the “Index Provider”).

Underlying Index

The Fund has licensed as its Underlying Index the S-Network Space Index which is designed to measure the performance of companies engaged in space-related industries. A company is considered to be in a space-related business if its product(s) either has as its essential purpose — or is dependent upon — space-based functions (the revenue produced by space related companies is referred to as “space revenues). In the case of companies that make products that go into space (such as launch vehicles), or companies that operate systems in space (such as satellites), the space-related nature of the business is clear. For companies whose products and services are solely used on the surface of the Earth, space must play an essential role in the business in order to be classified as “space-related”. For example, a GPS smartwatch is not a viable product without its GPS satellite connectivity, while a car with GPS navigation can still serve its basic function without that space-related perk. A company that exclusively sells the former type of product will be considered a pure-play space company that receives 100% of its revenue from space-related activities. A company selling a car with GPS would likely have so little value derived from the space component that it would be difficult to even measure, hence would not be classified as “space-related”. Space related industries include (a) rocket and satellite manufacturing and operation, (b) ground equipment manufacturing used with satellite systems, (c) space technology and hardware, (d) space-based imagery and intelligence services (“Space Industry Segments”), and (e) telecommunications, television and radio broadcasting. At least 80% of the index weight is allocated to companies that derive a majority of their revenues from the aforementioned industries.

The Underlying Index is an equity securities index created and developed by S-Network Global Indexes, Inc. (“Index Provider”), a developer and publisher of custom and proprietary indexes. The component companies of the Underlying Index are small-capitalization, medium capitalization and large capitalization equity securities listed on recognized stock exchanges in the Americas, Europe, Middle East, Africa, and Asia Pacific. The Underlying Index is considered to be “concentrated” in U.S. companies which account for approximately 60% of the Index components. The Underlying Index is a modified capitalization weighted, free float and space revenue percentage adjusted equity index that is created and maintained according to a rules-based methodology and a pre-determined selection process.

The Index Provider believes that in the future, additional companies engaged in other space-related industries may emerge. These industries could include (a) space colonization/infrastructure, (b) space resource exploration/extraction,(c) space-based military/defense systems, (d) space tourism, including transportation and hospitality and (e) space technologies that enable the space economy.

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