By ProcureAM Research
Space stocks reached new heights in 2024. Companies, including AST SpaceMobile, Rocket Lab, Intuitive Machines, and Redwire, saw their share prices jump up, in some cases, over 400% by the end of the year!1
Last year, there was a growing emphasis by communications providers to expand connectivity to all customers, especially those in rural areas. This meant new contracts for satellites to be built, launched, and managed. It also helped to push up the share price of AST Space Mobile. Rocket Lab grew based on successful launches and new contracts from NASA.1
This year, there is great anticipation that the Trump-Musk connection will focus more attention on space for exploration and defense purposes. The appointment of Jared Isaacman to lead NASA has created additional excitement and expectation that space projects will be prioritized and well-managed. The focus on the international Space Race may also create increased emphasis on space in the United States.
Other factors that are expected to contribute to the growth in the space industry include2:
While the space sector seems poised for success in 2025, it is difficult to time the market or to know which stock in any sector will lead the pack. Investors cannot predict when contracts for space companies will come in and when the firms will ultimately get paid for their services and products. This is especially true for firms that depend on government projects that may be dependent on federal funding. In addition, some contracts may be reliant on meeting designated benchmarks or on partners who must first complete their project responsibilities.
A smart way to gain exposure to the space industry is by investing in a variety of related companies. Space exchange-traded funds provide access to a diversified portfolio of space-focused equities. The Procure Space ETF® (NASDAQ:UFO) consists of over 30 space economy stocks. These firms include satellite, launch, defense, communications, tourism, and imagery companies. In 2024, the UFO ETF held many of the top space stock movers including: AST SpaceMobile*, Intuitive Machines*, Rocket Lab*, Redwire*, Spire Global*, and Planet*.3
The Procure Space ETF® was designed to include all aspects of the space economy. UFO highlights companies building and launching rockets into outer space, providing imagery for use with military, weather, and transportation applications, offering space tourism experiences, managing and building satellites for communication networks, and using satellite technology to provide navigation, communications and entertainment.
Even the experts cannot always accurately predict which companies will be winners at a given time. Investing in a diversified basket of space stocks will provide investors with exposure to many of the biggest names in this exciting industry.
For more information on the Procure Space ETF®, visit www.ProcureETFs.com.
1”These are the Space Stocks to Watch in 2025,” James Rogers, marketwatch.com, January 4, 2025.
2“The Trillion Dollar Question,” Jason Rainbow, SpaceNews.com, April 18, 2024.
3“Tracking Cash Flow Through the 2024 Space Stocks Rally,” Jack Kuhr, payloadspace.com, December 11, 2024.
Important Information:
*As of January 16th, 2025, AST SpaceMobile (ASTS) was a 4.43% holding, Intuitive Machines (LUNR) was a 7.89% holding, Planet Labs (PL) was a 4.73% holding, Redwire Corporation (RDW) was a 2.34% holding, Rocket Lab (RKLB) was a 5.29% holding, Spire Global was a 1.75% holding in the Procure Space ETF® (NASDAQ: UFO).
For a complete list of holdings in UFO, visit: https://procureetfs.com/ufo/. 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.
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns.
Aerospace and defense companies can be significantly affected by government aerospace and defense regulation and spending policies. The exploration of space by private industry and the harvesting of space assets is a business based in future and is witnessing new entrants into the market. Investments in the Fund will be riskier than traditional investments in established industry sectors. The Fund is considered to be concentrated in securities of companies that operate or utilize satellites which are subject to manufacturing delays, launch delays or failures, and operational and environmental risks that could limit their ability to utilize the satellites needed to deliver services to customers. Investing in foreign securities are volatile, harder to price, and less liquid than U.S. securities. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
UFO is distributed by Quasar Distributors LLC.
By ProcureAM Research
The space industry flew high in 2024 and appears to be continuing the upward trajectory as 2025 kicks off.
Previously under the radar companies are receiving more attention. In 2024, companies such as Rocket Lab, AST SpaceMobile, Intuitive Machines and Redwire saw their share prices skyrocket. Demand for satellite networks and lower launch costs gave the market a big boost. AST SpaceMobile saw success thanks to major contracts with leading communications companies, like Verizon* and AT&T*, seeking to provide connectivity to customers in rural areas. Rocket Lab ramped up its number of launches and Intuitive Machines won new NASA contracts.
Some space companies saw their share prices double, triple, and even quadruple during the last year, according to PayloadSpace.1 Out of the nine firms identified as stocks with positive price movement YTD, eight of these companies are in the Procure Space ETF® (NASDAQ:UFO) including:
The Procure Space ETF® is the first pure-play exchange-traded fund focused on the global space economy. The Procure Space ETF®, which trades as UFO ETF on the NASDAQ stock exchange, identifies space companies with the potential to grow. The fund consists of a well-rounded basket of space companies responsible for launches, communications, space imagery, and defense.
The election of President Trump, creator of the U.S. Space Force, has helped fuel interest in the space industry, especially given his close relationship with SpaceX* founder Elon Musk. The hope for less regulation and a greater emphasis on space under a new administration has created excitement in the market. Observers are looking forward to see what 2025 brings to the space market.
For more information on the Procure Space ETF®, visit www.ProcureETFs.com.
1“Tracking Cash Flow Through the 2024 Space Stocks Rally,” by Jack Kuhr, Payloadspace.com, December 11, 2024.
*As of December 30th, 2024, AT&T (T) was a 0.00%, AST SpaceMobile (ASTS) was a 4.56% holding, EchoStar (SATS) was a 4.47% holding, Globalstar (GSAT) was a 4.99% holding, Intuitive Machines (LUNR) was a 7.30% holding, Planet Labs (PL) was a 5.22% holding, Redwire Corporation (RDW) was a 2.67% holding, Rocket Lab (RKLB) was a 5.59% holding, SpaceX was a 0.00% holding, Spire (SPIR) was a 1.78% holding, Verizon (VZ) was a 0.00% holding in the Procure Space ETF® (NASDAQ: UFO).
For a complete list of holdings in UFO, visit: https://procureetfs.com/ufo/. 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.
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns.
Aerospace and defense companies can be significantly affected by government aerospace and defense regulation and spending policies. The exploration of space by private industry and the harvesting of space assets is a business based in future and is witnessing new entrants into the market. Investments in the Fund will be riskier than traditional investments in established industry sectors. The Fund is considered to be concentrated in securities of companies that operate or utilize satellites which are subject to manufacturing delays, launch delays or failures, and operational and environmental risks that could limit their ability to utilize the satellites needed to deliver services to customers. Investing in foreign securities are volatile, harder to price, and less liquid than U.S. securities. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
UFO is distributed by Quasar Distributors LLC.
By Andrew Chanin
Current warfare between Ukraine and Russia and in the Middle East is increasing apprehension regarding military actions throughout the world. Traditional defense strategies are rapidly evolving to utilize different technologies. The future is pointing to the space sector as the new weapon for successful warfare. Space will be critical for communications, information, navigation, and weaponry:
Communications
Communication between troops and headquarters will be dependent on satellites. Satellite transmission can offer instantaneous connectivity regardless of local terrain or rural location.
Navigation
Military navigation systems currently rely on satellites to aid in the routing of select submarines. The data gathered can provide valuable position and velocity input.
Information
Satellite imagery has become crucial in identifying enemy locations, quantifying munitions build up, forecasting meteorological conditions, and evaluating the effectiveness of military actions. In today’s environment, Ukraine, Russia, Israel, Iran, and other countries have already seen the value of data obtained through satellite imagery during warfare.
Weaponry
Satellites for communications and information will be a critical resource during future warfare. However, if they are incapacitated or destroyed, the military will be missing an essential tool.
In February of 2024, the White House confirmed reports that Russia was developing an anti-satellite capability.1 In 2007, China conducted a test of an anti-satellite weapon against one of its own satellites. Not only was the satellite destroyed, over three thousand pieces of orbital debris were created that still pose a threat to existing satellites.2
It will be necessary to build resilient satellite systems with protection from cybersecurity attacks, as well as physical attacks, so as not to hinder the continuous flow of information and communications
Companies are developing space applications for military purposes for use today and in the future. The Space ETF by Procure (NASDAQ: UFO) includes corporations focused on creating and protecting space assets:
Space focused companies will play a growing role in maintaining the effectiveness of military forces throughout the world. The growing trend in defense is found in space. UFO, The Space ETF by Procure, provides investors with exposure to these vital companies.
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1 “White House confirms intelligence showing Russia developing “anti-satellite capability”, by Caitlin Yilek, February 15,2024, cbsnew.com.
2 “Protecting our critical satellite infrastructure: the importance of space-based infrastructure to humanity and its status within NATO”, by David Eagleson, October 23, 2023, nato.int.
Important Information:
As of August 18th, 2024, AST SpaceMobile (ASTS) was a 8.84% holding, EchoStar (SATS) was a 3.80% holding, Globalstar (GSAT) was a 4.84% holding, Iridium Communications (IRDM) was a 4.44% holding, L3Harris Technologies (LHX) was a 2.33% holding, Lockheed Martin (LMT) was a 2.72% holding, Planet Labs (PL) was a 2.99% holding, Rocket Lab (RKLB) was a 5.30% holding, Viasat (VSAT) was a 7.01% holding in the Procure Space ETF (NASDAQ: UFO). For a complete list of holdings in UFO, visit https://procureetfs.com/ufo/. 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.
For a complete list of holdings in UFO, visit: https://procureetfs.com/ufo/. 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.
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns.
Aerospace and defense companies can be significantly affected by government aerospace and defense regulation and spending policies. The exploration of space by private industry and the harvesting of space assets is a business based in future and is witnessing new entrants into the market. Investments in the Fund will be riskier than traditional investments in established industry sectors. The Fund is considered to be concentrated in securities of companies that operate or utilize satellites which are subject to manufacturing delays, launch delays or failures, and operational and environmental risks that could limit their ability to utilize the satellites needed to deliver services to customers. Investing in foreign securities are volatile, harder to price, and less liquid than U.S. securities. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
By Andrew Chanin, CEO, ProcureAM
Natural disasters such as hurricanes, wildfires, and flooding are occurring more frequently and are creating more damage than in the past. According to the U.S. National Oceanic and Atmospheric Administration (NOAA), the United States has seen $37 billion in economic costs just within the first 6 months of the year.1 This extreme weather trend has increased demand for the products and services used to help in the recovery and prevention of damage caused by these disasters.
The Procure Natural Disaster Recovery Strategy ETF (NASDAQ: FIXT) consists of companies that provide short-term and long-term responses to natural disasters. It has experienced a 42.78% increase in its net asset value (NAV) since inception. Please click here for the fund’s
standardized performance.
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).
There are two main options for dealing with the damage from extreme weather events:
After disasters like hurricanes, floods, and wildfires, there’s a demand for generators, pumps, clean-up management, and power restoration. Historically, communities and individuals would reach out to the Federal Emergency Management Agency (FEMA) to cover the costs of cleanup and rebuilding. However, FEMA has warned that it will run out of money by the middle of August, far before the peak of hurricane season. In some cases, FEMA has already denied requests for support.2 Insurance has been another source of recovery funds, but the rising cost of insurance and its unavailability in some places has left individuals without coverage.
If communities cannot be assured of getting help after disaster destruction has occurred, they need to be proactive and build to minimize disruptions. A recent study by Allstate Insurance found investing in resilience saves jobs and income. $1 dollar spent on resilience could save up to $13 dollars in economic savings, damages, and cleanup costs.
The Procure Disaster Recovery Strategy ETF (FIXT) includes companies worldwide that provide products and services that are needed immediately after a natural disaster, and the companies that design and build the infrastructure to ensure resilience from extreme weather events. These firms include Fluor*, AECOM*, Oshkosh Corporation*, Generac* and Eaton Corporation*.
With more natural disasters being forecasted, it is the right time for investors to consider the FIXT ETF. For more information, visit http://www.procureetfs.com/fixt.
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1 “Assessing the U.S. Climate in June 2024”, July 9,2024, ncei.noaa.gov.
2 “FEMA is denying requests for aid as relief fund runs dry amid record number of costly disasters”, Shruti Date Singh and Bloomberg, July 12,2024, Fortune.com.
3 “Investing in Climate Resilience Really Pays Off”, Allstate, Chamber Study Shows”, Kimberly Tallon, July 8, 2024, insurancejournal.com.
Important Information
*As of July 24th, 2024, AECOM (ACM) was a 2.32% holding, AtkinsRealis Group (ATRL CN) was a 2.24% holding, Eaton (ETN) was a 2.24% holding, Fluor Corporation (FLR) was a 2.52% holding, Generac (GNRC) was a 2.64% holding, holding, Oshkosh Corporation (OSK) was a 2.38% holding in the Procure Disaster Recovery Strategy ETF (NASDAQ: FIXT).
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
Natural Disaster/Epidemic Risk – Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and may be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund’s investments.
Foreign Investment Risks – Foreign securities are typically more volatile, harder to price, and less liquid than U.S. securities.
American Depositary Receipt Risk (ADR)-ADRs involve risks like those associated with investments in foreign securities, including changes in political or economic conditions of other countries and changes in the exchange rates of foreign currencies. ADRs listed on U.S. exchanges are issued by banks or trust companies and entitle the holder to all dividends and capital gains paid out on the underlying foreign shares. Investing in ADRs as a substitute for an investment directly in the foreign company shares, exposes the Fund to the risk that the ADRs may not provide a return that corresponds precisely with that of the foreign company’s shares.
The Procure Disaster Recovery Strategy ETF is neither associated with, nor endorsed by, the Federal Emergency Management Agency.
The Procure Disaster Recovery Strategy ETF is distributed by Quasar Distributors LLC.
By Andrew Chanin
May was an amazing month for AST Space Mobile (NASDAQ: ASTS). On May 15th, 2024, ASTS* announced a definitive agreement with AT&T* to team up to create a space-based broadband network for AT&T cellular customers.1
As early as this summer, ASTS is looking to send its first commercial satellites to a Florida launch base for blast off into low Earth orbit. The AT&T announcement sent ASTS stock soaring over 100% with investors rewarding the company for executing its goal of partnering with leading telecommunication companies to provide additional service for their Earth-based clientele.
If one success wasn’t enough, a mere two weeks later, ASTS announced a major definitive agreement with another US telecom provider, Verizon*. ASTS is aiming to offer satellite capabilities that will allow for 100% coverage across the continental US for Verizon customers. This deal comes with $100 million in commitments from Verizon to fund this endeavor.2
These two mega partnerships have sent ASTS stock price up over 400% since May 1st. Historically, telecommunications have been a conservative and slow-moving industry so the move to work with ASTS shows a commitment to satellite-to-phone service. These agreements show strong support for ASTS connectivity and an important vote of confidence in this critical space company.
As of June 20th, 2024, ASTS was the largest holding in UFO, the Space ETFTM by Procure, with a weight of 8.66%. UFO is a compilation of global corporations involved in the space sector. The fund increased 8.25% in net asset value (NAV) during the month of May. Please click here for the fund’s standardized performance. 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).
To learn more about the Procure Space ETF, visit www.ProcureETFs.com.
Andrew Chanin
CEO
ProcureAM, LLC
_______________________________________________________________
1“AT&T and AST SpaceMobile Announce Definitive Commercial Agreement,” May 15, 2024, www.ast-science.com.
2 “AST SpaceMobile and Verizon Announce Plans to Target 100 Percent Geographical Coverage of the Continental United States from Space on Premium 850 MHz Cellular Spectrum,” May 29, 2024, www.ast-science.com.
As of June 17th, 2024, AST SpaceMobile (ASTS) was a 7.86% holding, AT&T (ATT) was a 0.00% holding, Verizon (VZ) was a 0.00% holding in the Procure Space ETF (NASDAQ: UFO). For a complete list of holdings in UFO, visit https://procureetfs.com/ufo/. 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.
For a complete list of holdings in UFO, visit: https://procureetfs.com/ufo/. 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.
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns.
Aerospace and defense companies can be significantly affected by government aerospace and defense regulation and spending policies. The exploration of space by private industry and the harvesting of space assets is a business based in future and is witnessing new entrants into the market. Investments in the Fund will be riskier than traditional investments in established industry sectors. The Fund is considered to be concentrated in securities of companies that operate or utilize satellites which are subject to manufacturing delays, launch delays or failures, and operational and environmental risks that could limit their ability to utilize the satellites needed to deliver services to customers. Investing in foreign securities are volatile, harder to price, and less liquid than U.S. securities. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
UFO is distributed by Quasar Distributors LLC.
Heat waves are appearing earlier than usual throughout the world. Greece has already shut down schools and started closing the Acropolis during the hottest hours of the day. India is experiencing its longest heat wave spell on record, while a dangerous heat wave in the United States is spreading from the West to the Northeast. Often called the “silent killer,” excessive heat is garnering the attention of individuals and municipalities. Short-term fixes combined with longer-term projects will be needed to get relief from this ongoing climate emergency.
Air Conditioning, Insulation, Programmable Thermostats and Caulking
In the short term, air conditioners help alleviate the heat. From window units to whole-house systems, air conditioning is usually the first step to comfort. Once considered a luxury, air conditioning has evolved into a necessity. As communities experience increasing health problems including fatalities, they have ramped up cooling stations to allow residents some relief from excessive heat. Cities throughout the United States have designated cooling stations in libraries, recreation centers, senior centers, and churches. For quick relief, popular air conditioner retailers include stores like Home Depot*, Lowe’s*, Wesfarmers*, and Kingfisher*.
In addition to air conditioners, home repair outlets can be a source of other heat mitigation products. Insulation in walls and roofs can keep heat out and homes cooler. Programmable or smart thermostats help regulate temperatures throughout the day to minimize energy costs. Finally, caulking windows can prevent cool air from escaping and hot air from entering a premise.
Energy Demand
Continuous air conditioning can put a strain on energy grids, resulting in power outages. Generac* often sees a rising demand for backup power generators as temperatures surge. The demand for power during heat waves highlights the need for improvements to energy grids to prevent outages. Fortunately, companies like Eaton* work on enhancing energy grids.
Heat Island Mitigation
Seeking ways to reduce heat in cities is becoming a priority. When trapped heat builds up, it creates Heat Islands or Urban Heat Islands, commonly found in cities. Solutions involving increased vegetation, such as trees and gardens; light-colored roofing materials, sidewalks, and roads; and water elements such as fountains, have been helpful in lessening the impact of heat waves. Trees provide shade which can lead to lower temperatures and reduced energy consumption. AECOM* has created rooftop gardens in Shanghai, New York City, and Washington, D.C. which can mitigate heat levels. Experiments in Los Angeles and other cities have encouraged switching to new light-colored construction materials that repel rather than absorb heat.
Data Analysis and Models
Many companies are involved in simulation services to anticipate the effect of changing weather conditions on cities, infrastructure, and the environment. Nvidia* conducts research and modeling for extreme weather and climate predictions. AtkinsRealis* (previously known as SNC Lavalin Group) offers its City Simulator to help cities and transportation departments assess how their infrastructure will respond to hurricanes, heat waves, and droughts. It measures the impact of potential disasters versus proposed solutions to select projects with the highest return on natural disaster investment. Stantec* utilizes data analysis and remote sensing models to help cities optimize heat mitigation expenditures.
Investing in Natural Disaster Recovery
The Procure Natural Disaster Recovery Strategy ETF (NASDAQ: FIXT) includes companies that anticipate and provide solutions to natural disasters such as heat waves, wildfires, floods, hurricanes, and earthquakes. FIXT was created to provide exposure to companies that engage in recovery efforts from natural disasters. The management fee for FIXT was dropped on Earth Day to show our commitment to disaster prevention and recovery. As weather-related disasters increase in frequency and destruction, companies will be focusing on ways to mitigate the negative impacts of natural disasters.
1 “ProcureAM Celebrates Earth Day with Expense Reduction on Natural Disaster Recovery ETF”, April 18, 2024, https://procureetfs.com/wp-content/uploads/2024/04/FIXT-Earth-Day-2024-Press-Release.pdf.
*As of June 14th, 2024, AECOM (ACM) was a 2.18% holding, AtkinsRealis Group (ATRL CN) was a 2.29% holding, Eaton (ETN) was a 2.49% holding, Generac (GNRC) was a 2.71% holding, Home Depot (HD) was a 2.12% holding, Kingfisher (KGF LN) was a 2.51% holding, Lowe’s (LOW) was a 2.13% holding, NVIDIA Corporation (NVDA) was a 3.07% holding, Stantec (SNT CN) was a 2.21% holding, Wesfarmers (WES AU) was a 2.30% holding in the Procure Disaster Recovery Strategy ETF (NASDAQ: FIXT).
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
Natural Disaster/Epidemic Risk – Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and may be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund’s investments.
Foreign Investment Risks – Foreign securities are typically more volatile, harder to price, and less liquid than U.S. securities.
American Depositary Receipt Risk (ADR)-ADRs involve risks like those associated with investments in foreign securities, including changes in political or economic conditions of other countries and changes in the exchange rates of foreign currencies. ADRs listed on U.S. exchanges are issued by banks or trust companies and entitle the holder to all dividends and capital gains paid out on the underlying foreign shares. Investing in ADRs as a substitute for an investment directly in the foreign company shares, exposes the Fund to the risk that the ADRs may not provide a return that corresponds precisely with that of the foreign company’s shares.
The Procure Disaster Recovery Strategy ETF is neither associated with, nor endorsed by, the Federal Emergency Management Agency.
The Procure Disaster Recovery Strategy ETF is distributed by Quasar Distributors LLC.
Listen to the daily weather reports and it is apparent that natural disasters are increasing in frequency and impact. The United States experienced 28 billion-dollar natural disasters in 2023 compared to the previous high of 22 in 2020.1 With that trend in mind, companies involved in disaster recovery and prevention may be in demand. The Procure Disaster Recovery Strategy ETF (FIXT) focuses on firms that are involved with disaster recovery and prevention. As of the quarter ended March 31st, 2024, FIXT has experienced a 20.51% annual growth rate since its inception in 2022. Please click here for the fund’s standardized performance.
The FIXT ETF targets corporations involved in the recovery from and mitigation of destruction due to natural disasters. Mitigation can save $13 per $1 invested according to the National Institute of Building Sciences.2 The Procure Disaster Recovery Strategy ETF recognizes that unfortunately natural disasters are a part of life. The corporations within the fund participate in cleaning up debris after an event, protecting and testing water supplies, fighting wildfires, and designing and building infrastructure like roads, power facilities, and government structures to withstand the impact of natural disasters.
In 2023, the United States billion-dollar disasters included four flooding events, two tornado outbreaks, two tropical cyclones, seventeen severe weather/hail events, one drought and heatwave event, one wildfire, and a major winter storm.1 Internationally, billion-dollar weather disasters included: typhoons in China, Philippines, and Taiwan; droughts in Argentina, China, Spain, Italy, France and India; floods in China, Greece, Libya, Italy, Bosnia, Croatia, India, New Zealand, Brazil, Uruguay, China, India, Chile and Mexico; and wildfires in Greece.3 These disasters required massive amounts of recovery efforts and dollars.
Unfortunately, natural disasters are expected to occur more frequently. Predicting their occurrences, preparing for their impact, and expediting the recovery efforts are important goals throughout the world. Corporations like Sterling Construction*, John Wood Group*, Hexagon AB*, NV5 Global*, Generac*, and Nvidia* are just some of the firms in the FIXT ETF portfolio which aid in planning for and rebuilding after extreme weather events.
Recently CNBC interviewed economists about the impact the climate crisis will have on the U.S. economy. Mark Zandi, chief economist at Moody’s Analytics projected that “physical risks” from disasters such as hurricanes, flooding, and wildfires will be the biggest economic cost over the next 20 to 30 years. Nouriel Roubini noted that operations could be impacted, and economic activities could be damaged from rising sea-levels, flooding, hurricanes, typhoons, wildfires, and droughts.4
This could be a good time to look at ways to position your portfolio in advance of anticipated natural disaster destruction and costs. The Procure Disaster Recovery Strategy ETF, the FIXT ETF, addresses the need for recovery services and prevention measures to prepare for the inevitable natural disasters of the future.
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12023: A historic year of U.S. billion-dollar weather and climate disasters, Adam B. Smith, climate.gov, January 8,2024.
2The weather gauge: Driving extreme weather and resilience forward, munichre.com, 2024.
3A record 63 billion-dollar weather disasters hit Earth in 2023, by Jeff Masters, yaleclimateconnections.org, January 18,2024.
4How the climate crisis will affect the U.S. economy: Top economists Jeffrey Sachs, Nouriel Roubini and Mark Zandi discuss, by Jack Hillyer, CNBC.com, March 17,2024.
*As of March 15th, 2024, Generac (GNRC) was a 1.67% holding, Hexagon AB (HEXAB SS) was a 2.07% holding, John Wood Group (WG/ LN) was a 1.91% holding, NV5 Global (NVEE) was a 1.72% holding, Nvidia (NVDA) was a 3.44% holding, Sterling Infrastructure (STRL) was a 2.86% holding in the Procure Disaster Recovery Strategy ETF (NASDAQ: FIXT).
For a complete list of holdings in the Procure Disaster Recovery Strategy ETF, visit https://procureetfs.com/fixt/. 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.
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).
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
Natural Disaster/Epidemic Risk – Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and may be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund’s investments. Foreign Investment Risks – Foreign securities are typically more volatile, harder to price, and less liquid than U.S. securities.
The Procure Disaster Recovery Strategy ETF is neither associated with, nor endorsed by, the Federal Emergency Management Agency.
The Procure Disaster Recovery Strategy ETF is distributed by Quasar Distributors LLC.
Tackling natural disasters is more than climate change and environmental, social, and governance (ESG)1 initiatives. When a disaster strikes, victims need help, not lessons in carbon offsets. The Procure Disaster Recovery Strategy ETF (NASDAQ: FIXT) focuses on companies that help prepare for meteorological disasters and respond with recovery solutions.
The constituents of FIXT assist companies and governments build infrastructure strong enough to withstand catastrophic weather events. Companies like Verisk* conduct risk analyses. Nvidia* provides modeling projections. AECOM* offers infrastructure consulting services for damage prevention, and Sterling Infrastructure* subsidiaries design and construct disaster resilient roads and buildings.
After a disaster hits, communities need recovery assistance. This can include companies such as Generac* offering backup generators, Clean Harbors* responding to hazardous spills caused by extreme weather events, Xylem* providing solutions for drinkable water, Stantec* monitoring debris flows and mudslides, and Fluor* aiding in debris removal.
Investors may want to consider FIXT and its constituents as the go-to destination when disasters strike. That said, savvy individuals know that it is better to be prepared before natural disasters hit rather than waiting until it is too late. How much FIXT do you own?
1Environmental, social, and corporate governance (ESG) refers to a set of standards used to measure a company’s environmental and social impact. ESG may be considered by shareholders to screen potential investments.
2“U.S. struck with historic number of billion-dollar disasters in 2023,” www.noaa.gov, January 9, 2024.
*As of January 30th, 2024, AECOM (ACM) was a 1.94% holding, Clean Harbors (CLH) was a 2.02% holding, Fluor (FLR) was a 2.02% holding, Generac (GNRC) was a 1.90% holding, Nvidia (NVDA) was a 2.72% holding, Verisk Analytics (VRSK) was a 2.07% holding, Stantec (STN CN) was a 2.06% holding, Sterling Infrastructure (STRL) was a 2.25% holding, Xylem (XYL) was a 2.12% holding in the Procure Disaster Recovery Strategy ETF (NASDAQ: FIXT).
For a complete list of holdings in the Procure Disaster Recovery Strategy ETF, visit https://procureetfs.com/fixt/. 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.
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
Natural Disaster/Epidemic Risk – Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and may be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund’s investments. Foreign Investment Risks – Foreign securities are typically more volatile, harder to price, and less liquid than U.S. securities.
The Procure Disaster Recovery Strategy ETF is neither associated with, nor endorsed by, the Federal Emergency Management Agency.
The Procure Disaster Recovery Strategy ETF is distributed by Quasar Distributors LLC.
The United States and Russia may have been the first space pioneers, but now astronauts are on missions from nations all over the world.
SpaceX* recently launched a Falcon 9 rocket for Axiom Space with passengers from Spain/United States, Italy, Sweden, and Turkey. China is gearing up activities to create a colony on the moon. India is working on projects to explore space and establish a base on the moon. Japan just became the latest country to land a spacecraft on the moon. Additional programs have been conducted by Luxembourg, Israel, South Korea and Mexico, and the list goes on.
At present, the language in space has yet to be established. English and Russian are spoken on the International Space Station (ISS). Astronauts needed to be proficient in Russian since, historically, most astronauts traveled to and from the International Space Station via Russian Soyuz spacecraft. Most of the labels on the spacecraft instruments are in Russian and commands were issued in Russian. As SpaceX ramps up its role in going to the ISS, English may become more dominant. Meanwhile, as China revs up its space projects, Chinese may be another strong language option. Given the numerous global visitors, the language of space is still up for grabs.
Like outer space, Procure Space ETF® (TICKER: UFO), is a compilation of international corporations involved in the space sector. Aerospace, satellite and other firms represent countries throughout the world including: United States (L3Harris Technologies*, Planet Labs*, Globalstar*, Iridium Communications*), France (Eutelsat Communications*, Airbus*), Japan (ispace*, SKY Perfect JSAT Holdings*), Italy (Leonardo S.p.A.*), and Luxembourg (SES*). They all speak the same language as constituents of the Procure Space ETF®.
To learn more about the Procure Space ETF®, visit www.ProcureETFs.com.
As of January 30th, 2025, Airbus Group (AIR FP) was a 2.35% holding, Eutelsat Communications (ETL FP) was a 4.58% holding, Globalstar (GSAT) was a 3.56% holding, Iridium Communications (IRDM) was a 4.22% holding, ispace Inc. (9348 JP) was a 1.61% holding, L3Harris Technologies (LHX) was a 2.14% holding, Leonardo S.p.A. (LDO IM) was a 0.29% holding, Planet Labs (PL) was a 6.47% holding, SES SA (SESG FP) was a 4.27% holding, SKY Perfect JSAT holdings (9412 JP) was a 4.52% holding, SpaceX was a 0.00% holding in the Procure Space ETF® (NASDAQ: UFO).
For a complete list of holdings in UFO, visit: https://procureetfs.com/ufo/. 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.
Important Information:
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns.
Aerospace and defense companies can be significantly affected by government aerospace and defense regulation and spending policies. The exploration of space by private industry and the harvesting of space assets is a business based in future and is witnessing new entrants into the market. Investments in the Fund will be riskier than traditional investments in established industry sectors. The Fund is considered to be concentrated in securities of companies that operate or utilize satellites which are subject to manufacturing delays, launch delays or failures, and operational and environmental risks that could limit their ability to utilize the satellites needed to deliver services to customers. Investing in foreign securities are volatile, harder to price, and less liquid than U.S. securities. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
UFO is distributed by Quasar Distributors LLC.
Along with death and taxes, natural disasters seem to have to become another unpleasant certainty these days. While losses from natural disasters are increasing, insurance costs are ballooning and coverage is becoming unavailable in some cases. However, disaster prevention, preparation and recovery measures go a long way in reducing damages from extreme weather events.
$1 in disaster mitigation can yield $6 or more in loss reduction.1 In line with this data, the United Nations has announced an initiative to expand worldwide early warning systems with a goal of raising $157 million.2
Destructive thunderstorms and earthquakes cost the world $250 billion in 2023.3 Interestingly, although the earthquake magnitude and population density were similar in events in Turkey/Syria and Japan, the death toll was significantly less in Japan. Munich Re attributes this to following building codes and seeing how buildings performed under these circumstances. Their conclusion was that an emphasis on resilience will be essential to limit losses in the future.
Governments and corporations throughout the world can proactively hire companies to mitigate disaster losses by designing and building disaster resilient infrastructure. For example:
AECOM* offers infrastructure consulting services for damage prevention, as well as the reconstruction of facilities post disaster.
Fluor* provides engineering and construction services to create resilient buildings.
Generac* offers generators and grid services to ensure continuous energy flows during and after disasters.
Hexagon AB* has wide area remote monitoring systems to detect, predict and simulate disasters and alarm systems for early warning of potential disasters.
On a more granular level, individuals need to prepare for upcoming events. Home improvement stores worldwide like Home Depot*, Lowe’s*, Hornbach* and Wesfarmers* are go-to destinations. Shovels, salt, heaters, sandbags, flood barriers, flashlights, generators, and pumps are popular purchases prior to and after natural disasters.
The Procure Disaster Recovery Strategy ETF (FIXT: NASDAQ) was created to follow corporations focused on natural disaster prevention, preparation, and recovery. With extreme weather events expected to increase in frequency and costs4, investors may want to have exposure to companies within the natural disaster mitigation sector.
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1”Natural Hazard Mitigation Saves Interim Report”, FEMA.gov, June 2018.
2At Climate Ambition Summit, UN Agencies and IFRC Kickstart Major Initiative Towards Realizing Early Warnings for All by 2027,” UNDP.org, September 23, 2023.
3“Record thunderstorm losses and deadly earthquakes cost $250 billion in damages in 2023, report says”, by Sam Meredith, cnbc.com, January 9,2024.
4 “2023: A historic year of U.S. billion-dollar weather and climate disasters,” by Adam B. Smith, climate.gov, January 8, 2024.
*As of January 18th, 2024, AECOM (ACM) was a 1.97% holding, Fluor (FLR) was a 2.01% holding, Generac (GNRC) was a 1.96% holding, Hexagon (HEXAB SS) was a 2.12% holding, Home Depot (HD) was a 2.29% holding, Hornbach Holdings (HBH GR) was a 2.22% holding, Lowe’s (LOW) was a 2.15% holding, Wesfarmers Ltd (WES AU) was a 2.19% holding in the Procure Disaster Recovery Strategy ETF (NASDAQ: FIXT).
Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund’s summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.
Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds’ principal risks. It is not possible to invest in an index.
Natural Disaster/Epidemic Risk – Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and may be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund’s investments. Foreign Investment Risks – Foreign securities are typically more volatile, harder to price, and less liquid than U.S. securities.
The Procure Disaster Recovery Strategy ETF is neither associated with, nor endorsed by, the Federal Emergency Management Agency.
The Procure Disaster Recovery Strategy ETF is distributed by Quasar Distributors LLC.