The massive wildfires in Maui caused unimaginable devastation and destruction. More than 2,200 residential and commercial properties were damaged, and recovery efforts are forecasted to cost around $5.5 billion, according to the University of Hawaii’s Pacific Disaster Center and the Federal Emergency Management Agency.¹ Even more horrendous is the estimated 111 people who lost their lives.² 

One major source of contention has been Hawaii’s failure to properly notify residents and tourists of the impending danger. Despite the state having the largest outdoor warning system in the world, emergency sirens were not activated, and cell phone notifications were said to have fallen short due to power outages.³ 

The fallout from this unfortunate event highlights the need for reliable emergency alert systems during extreme weather events. United Nations Secretary-General António Guterres introduced a €2.9 billion plan to provide early warning coverage to the entire world by 2027.⁴

FIXT, the Procure Disaster Recovery Strategy ETF consists of companies that help mitigate damages and rebuild from extreme weather events such as wildfires. Included within these services are companies providing advanced detection awareness:

• Enersys* offers batteries and backup for the installation, maintenance, and management of power sources to keep power and communications systems operational.
• Fujitsu* develops warning systems utilizing social media, texts, phone calls, and emails.
• Nvidia* uses models to detect flood zones for early evacuation recommendations.
• Verisk* reviews and evaluates emergency communications centers.

Conclusion

As wildfires and other natural disasters increase in frequency and damage, the need for emergency alert systems is more important than ever. For more information regarding FIXT, the Procure Disaster Recovery Strategy ETF, please visit http://www.ProcureETFs.com/fixt.

______________________________________

¹”Rebuilding Maui after deadly wildfires could cost more than $5 billion, officials project,” www.cbsnews.com, August 13, 2023.

²”As death toll in Maui fire rises, here’s how it compares to the deadliest fires in the US,” www.usatoday.com, August 17, 2023.

³”Hawaii has a robust emergency siren warning system. It sat silent during the deadly wildfires,” www.msn.com, August 13, 2023.

⁴Climate disasters: How much would it cost to implement early warning systems worldwide?, www.unesco.org, July 31, 2023. 

 

Disclaimer

*As of August 18th, 2023, Enersys (ENS) was a 1.84% holding, Fujitsu (6702 JP) was a 1.76% holding, Nvidia (NVDA) was a 2.20% holding, Verisk Analytics (VRSK) was a 2.05% holding in the Procure Disaster Recovery Strategy ETF (NASDAQ: FIXT). For a complete list of constituents in the Procure Disaster Recovery Strategy ETF, please visit www.ProcureETFs.com/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.

 

As natural disasters increase in frequency and damages inflicted, it is more important than ever to have the proper resources to forecast, monitor, and evaluate potential and past disasters. Satellites have been instrumental in providing information about the time, path, and magnitude of these catastrophes.

Optic imagery 

Satellite imagery is the most used method of tracking extreme weather events. Satellites can monitor the size and direction of hurricanes, wildfires, volcanic ash, and floods. This data is critical to providing impacted residents an opportunity to evacuate or shelter in a timely manner. Unlike older systems, the new satellites can relay images as often as every 30 minutes.

The United States Geological Survey monitors volcanoes in the United States. The National Oceanic and Atmospheric Administration (NOAA) monitors the oceans throughout the world and tracks volcanic ash movement and possible tsunami action. The information is critical for issuing tsunami warnings and air traffic alerts.¹

Using a rocket built by Rocket Lab USA Inc.*, NASA has launched small satellites designed to track hurricanes, cyclones, and typhoons. The satellites can provide hourly storm tracking data on rainfall, humidity, and temperature to predict the direction and intensity of storms.²

BlackSky Technology Inc* was recently selected to work with the Government of Aragon in Spain to provide rapid emergency imagery services. The goal is to streamline responses to crisis situations like fires, floods, and other natural disasters.³

Radar technology

Information from optical and radar imaging satellites has been a useful tool in managing floods and wildfires. Radar imaging sensors using flashes of light can capture data through clouds, smoke, and at night. While large, older satellites could only capture images once every 7-14 days, current constellations with smaller satellites can provide more frequent images.

In Australia, the use of radar and optical images has helped oversee recent floods. Optical satellites and radar imaging sensors from Planet Inc* and NASA were able to monitor the size and movement of floods.⁴

Thermal Technology

As climate change discussions “heat up”, many companies are looking to expand into infrared technology also known as thermal technology. This will be a valuable tool for tracking urban heat and wildfires. In addition to wildfire and heatwave applications, thermal technology is being used to provide water scarcity data and data for environmental-monitoring applications.⁵

Conclusion

In addition to NASA and NOAA, other international organizations are using satellites for climate monitoring. Airbus* Defence and Space unit is a manufacturer of satellites used by the Copernicus climate program for the European Space Agency. Planet Labs* is teaming up with the United Arab Emirates Space Agency to provide climate change resilience information.  Terran Orbital* is part of the Chilean Government’s space program developing a satellite to facilitate a rapid response for natural disasters, climate change, and more.⁶

The Procure Space ETF, UFO:NASDAQ, includes satellite companies helping to identify and monitor extreme weather events. UFO, the world’s first pure-play space ETF, contains publicly traded space-related companies from around the globe. More prevalent and severe natural disasters are creating a demand for satellite technology to supply better information to predict and hopefully mitigate the destruction from catastrophic events.

To learn more about the Procure Space ETF, visit www.ProcureETFs.com.

As of August 8^th, 2023, Airbus (AIR FP) was a 2.12% holding, BlackSky Technology (BKSY) was a 2.63% holding, Planet Labs (PL) was a 3.31% holding, Rocket Lab (RKLB) was a 5.81% holding, Terran Orbital (LLAP) was a 0.93% 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.
__________________________________________

¹“When volcanoes roar: protecting the public and tracking long-term climate impacts,” research.noaa.gov, January 5,2023.

²“NASA launches two small satellites to track hurricanes”, PHYS.org, May 8,2023.

³“Ever-High cadence, Low-Latency Imagery Service for Disaster response”, BlackSky.com, April 25,2023.

⁴“Using satellites for faster flood information”, Sciencedaily.com, November 23.2022.

⁵”Thermal imagery sector heats up”, spacenews.com, July 23, 2023.

⁶“Terran Orbital and ImageSat International (ISI) Prepare for the Launch of the RUNNER-1 Earth Observation Satellite”, Finance.yahoo.com, June 8, 2023.  

 

 

 

 

Heat waves, along with increasing daily record temperatures, are the new “hot” topics. Seville, Spain, which became the first city in the world to introduce a local heat wave naming and ranking system, declared “Yago” as its second ever named heat wave in June. ¹ Combating the negative effects of excessive heat is the goal 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

In the short term, air conditioners (AC) help alleviate the heat. From window units to whole house or building systems, these are usually the first step to comfort. Once considered a luxury, air conditioning has evolved to becoming a necessity. As communities experience health problems, including deaths, they have ramped up cooling stations to allow residents some relief from excessive heat. Cities such as New York City to Seattle and Detroit to Houston have designated cooling stations in public buildings like libraries, recreation centers, senior centers, or churches. Stores like Home Depot Inc*, Lowes*, Wesfarmers Ltd*, Hornbach Holdings*, and Kingfisher* brands are popular air conditioner retailers for quick relief.

Energy Demand

However, continuous air conditioning can put a strain on energy grids resulting in power outages. Generac Holdings Inc* saw a rising demand for backup power generators in Texas as temperatures surged.² The demand for power during heat waves has shown the need for improvements to the energy grids to prevent outages. Fortunately, there are companies that work on energy grids such as Eaton*.

Heat Island Mitigation

Seeking ways to reduce heat in cities is becoming a priority. When trapped heat builds up, it creates what are known as 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 harm due to heat waves. Trees provide shade which can ultimately lead to lower temperatures and reduced energy consumption. 

• AECOM* has a history of creating rooftop gardens in Shanghai, New York City and Washington, D.C. Meanwhile experiments in Los Angeles and other cities have encouraged switching to new light-colored construction materials which repel rather than absorb heat. 

Many companies are involved in simulation services to anticipate the effect of changing weather conditions on cities, infrastructure, and the environment:

• Nvidia Corp* does research and modeling for extreme weather and climate predictions.
• SNC Lavalin Group Inc* offers its Atkins City Simulator to simulate a city as it grows amid weather influenced disasters. It measures the impact of potential disasters versus proposed solutions to select projects with the highest return on investment.
• Stantec* strives to make energy systems more efficient and resilient. It utilizes data analysis and remote sensing models to help cities optimize heat mitigation investments.
• Hexagon AB* used digital reality modeling to determine the effect of heat on athletes prior to the Tokyo Olympics.

Anticipating and providing solutions to natural disasters such as heat waves, wildfires, floods, hurricanes, and earthquakes is the aim of the companies within  FIXT, The Procure Disaster Recovery Strategy ETF. FIXT was created to provide exposure to companies that are engaged in the recovery from and prevention of destruction from natural disasters. As weather related disasters increase in frequency and destruction, companies will be busy helping communities get ‘FIXT.’ When disasters happen, think FIXT ETF.
________________________________________________________________

¹ “World’s Second Named Heat Wave Strikes Spain”, by Chelsea Harvey, www.ScientificAmerican.com, June 28, 2023.

² “Generac Sees Rising Demand for Backup Power Generators During Texas Heat Wave,” by Mark Chediak, www.bloomberg.com, June 27 ,2023.

Disclaimer

*As of July 10th, 2023, AECOM (ACM) was a 2.07% holding, Eaton (ETN) was a 2.13% holding, Generac (GNRC) was a 2.34% holding, Hexagon AB (HEXAB SS) was a 1.95% holding, Home Depot (HD) was a 1.99% holding, Hornbach (HBH GR) was a 2.06% holding, Kingfisher (KGF LN) was a 1.91% holding, Lowe’s (LOW) was a 2.13% holding, Nvidia (NVDA) was a 2.19% holding, SNC Lavalin Group (SNC CN) was a 2.09% holding, Stantec (STN CN) was a 2.11% holding, Wesfarmers Ltd (WES AU) was a 1.98% 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.

Wildfires are burning out of control in North America and throughout the world with more predicted. Products and services that prevent or extinguish major fires will continue to be in demand. The Procure Disaster Recovery Strategy ETF (NASDAQ: FIXT) focuses on corporations that are in the business of natural disaster recovery, response, and prevention. Wildfires are just one of the disasters that fall within the FIXT ETF.

The economic cost of wildfires is far reaching. The local destruction of forests, homes, and businesses is just the first line of disaster. The smoke from major wildfires is creating a secondary impact on the economy. Dense smoke can travel for miles closing airports, slowing retail business, and increasing health issues. The need to prevent, stop, and rebuild from wildfires is essential.

Wildfire Response

During a wildfire, fast response is critical. Immediate access to products and services like trucks and retardants is essential. The following corporations meet some of these needs:

• REV Group* produces fire trucks, pumpers, aerial ladders, and aerial water towers.
• Oshkosh* manufactures traditional and electric fire trucks.
• MSA Safety* is known for firefighting and firefighter equipment such as protective clothing, fire helmets, search and rescue equipment, and thermal imaging. Their tagline is “When you go in, we go with you.”
• Perimeter Solutions SA* specializes in fire-related personnel, service, logistics and products including firefighting retardants, foam equipment, ground application equipment, tanks, and trailers.
• Babcock International* delivers an integrated aerial firefighting management service. Specifically, their helicopters can make critical water drops on wildfires.
• Nvidia* develops algorithms to analyze and predict wildfires, remotely detects structural damage during a fire, and assists firefighters in tracking wildfires.

Post Wildfire Action

After a wildfire has been extinguished it is essential to analyze its cause. The following corporations help devise solutions to prevent future fires, identify who or what was responsible for the fire, and outline damage estimates:

• AECOM* conducts infrastructure damage assessment, performs forensic evaluations, and offers architectural, engineering, and construction services. As an example, AECOM is working with energy utilities to bury lines underground to protect them from wildfires and other natural disasters.
• Arcadis* performs debris and hazardous tree removal in post-wildfire areas. They analyze soil and air to ensure there are no toxins in the air or ground and has set up cleaning facilities to remove hazardous chemicals in the environment.

Wildfire Prevention and Preparation

Finding ways to prevent or mitigate damage from wildfires is an ongoing process by these corporations:

• Verisk* is in the business of performing Wildfire Risk Analysis. They determine the wildfire risk for properties and analyze variables such as vegetative fuel, road access, and wind patterns.
• NV5 GLOBAL* performs fire mitigation studies especially for utility firms focusing on vegetation trimming and management guidance as well as code compliance. Forensic investigations are conducted after events.
• Cummins* sells backup generators to help provide uninterrupted service. In California, wildfires and planned outages have affected electrical grids leaving residents without power. Cummins also offers fire pump drives for sprinklers and engines for firefighting vehicles.
• Assa Abloy* manufactures fire resistant doors and controls which are especially important to protect critical infrastructure.
• Stantec* conducts studies of post-wildfire hazards such as debris floods, avalanches, and mudslides. Results can help communities prepare against future disasters. Remote sensing is used to predict hazards, like wildfires, to give communities an opportunity to evacuate and/or make safety preparations.

Conclusion

Wildfires are proliferating and the market for firefighting and prevention products and services will be busy.  FIXT, the Procure Disaster Recovery Strategy ETF highlights corporations that are there to help communities prevent, prepare for, and recover from natural disasters such as wildfires.

Disclaimer

*As of June 12^th, 2023, AECOM (ACM) was a 1.79% holding, Arcadis (ARCAD NA) was a 1.85% holding, Assa Abloy (ASSAS SS) was a 1.78% holding, Babcock International (BAB) was a 1.96% holding, Cummins (CMI) was a 1.71% holding, MSA Safety (MSA) was a 2.13% holding, NV5 (NVEE) was a 1.82% holding, Nvidia (NVDA) was a 3.10% holding, Oshkosh (OSK) was a 1.82% holding, Perimeter Solutions (PRM) was a 1.54% holding, REV Group (REVG) was a 1.89% holding, Stantec (SNT CN) was a 1.94% holding, Verisk (VRSK) was a 2.27% 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.

Flooding has cost US taxpayers more than $850 billion since 2000. Two-thirds of all natural disasters involve flooding and the cost of damage from these events is on pace to rise 26% alone.  There is an industry that exists to provide flood recovery and prevention to communities. However, this industry does not get the attention it deserves.

This year severe floods have occurred throughout all regions of the United States. Fortunately, there are companies that offer recovery and mitigation products and services.  Recovery from flooding can be summarized into five stages.

The Five Stages of Flood Recovery and Prevention

1. 1. Water Removal:
      It is essential to quickly remove unwanted water. This requires pumping water out of basements, roads, farmland, etc. Companies like Sulzer* manufactures pumps, Xylem* produces pumps and offers pumping services, and Clean Harbors* offers emergency pump outs and waste disposal.

 

1. 1. Water System Rebuilding:
      Floods can destroy water utility infrastructure and contaminate water supplies. Communities must rebuild their water utility infrastructure and oversee sanitation and decontamination services to insure safe drinking water. Steps must be taken to ensure that flooding has not exposed dangerous chemicals to area ground and water supplies. Companies like Ecolab*, Clean Harbors*, and Evoqua Water Technologies* are positioned to decontaminate water supplies, provide ground treatments, and get water systems operational.

 

1. 1. Debris Removal and Mold Remediation:
      Floods can leave brush, vehicles, and garbage. in unwanted locations. Mold is another major danger due to flooding. Companies like NV5 Global*, Fluor*, and Clean Harbors*, are geared to offer cleanup services.

 

1. 1. Structure Repair and Replacement:
      Repair and new construction of buildings, flooring, and walls is essential to keep structures usable. Companies like John Wood Group*, SNC Lavalin*, and Sterling Infrastructure* design and build critical infrastructure. On a local level, residents needing to repair and replace their homes often find supplies at Home Depot*, Lowe’s*, Floor and Decor Holding Inc*, and Wesfarmers*.

 

1. Flood Prevention:
   To avoid future flooding disasters, communities look to design and build improvements to their communities. Sometimes the repair and/or creation of levees and seawalls can prevent further damage during a flood. Effective regrading of roads or geographic modifications can make towns and infrastructure more resilient against flood devastation. Companies like AECOM*, Arcadis*, Stantec*, Balfour Beatty PLC*, Great Lakes Dredge and Dock Corporation*, ICF International*, Verisk*, Willdan*, and Tetra Tech* develop disaster preparation plans, design and build seawalls, engage in dredging services to manage water flow, and design resilient infrastructure and water management systems.

________________________________________
*America’s Flooding Problem: America’s most frequent and expensive disaster”, www.flooddefenders.org
*“New Maps Show U.S. Flood Damage Rising 26% in Next 30 Years”, www.ScientificAmerican.com, February 1,2022.

The Procure Disaster Recovery Strategy ETF (TICKER: FIXT) focuses on the companies engaged in recovering from natural disasters, such as floods. The constituents in FIXT are geared to provide the products and services that are needed to overcome the destruction from natural disasters and design and build the infrastructure needed to withstand or minimize future devastation.

 

*As of May 11th, 2023, AECOM (ACM) was a 1.77% holding, Arcadis (ARCAD NA) was a 1.96% holding, Balfour Beatty (BBY LN) was a 2.34% holding, Clean Harbors (CLH) was a 1.97% holding, Ecolab (ECL) was a 2.16% holding, Evoqua Water Technologies (AQUA) was a 2.07% holding, Floor and Decor Holding Inc (FND) was a 2.12% holding, Fluor (FLR) was a 1.52% holding, Great Lakes Dredge and Dock Corporation (GLDD) was a 2.08% holding, Home Depot (HD) was a 1.96% holding, ICF International (ICFI) was a 2.09% holding, John Wood Group (WG/ LN) was a 2.02% holding, Lowe’s (LOW) was a 20.03% holding, NV5 (NVEE) was a 1.77% holding, SNC Lavalin (SNC CN) was a 2.16% holding, Stantec (SNT CN) was a 2.03% holding, Sterling Infrastructure (STRL) was a 2.05% holding, Sulzer (SUN SW) was a 1.84% holding,, Tetra Tech (TTEK) was a 2.04% holding, Verisk (VRSK) was a 2.29% holding, Wesfarmers (WES AU) was a 1.98%, Willdan Group (WLDN) was a 1.98% holding, Xylem (XYL) was a 2.03% 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.

 

The space sector isn’t just about rocket launches and astronauts walking on the Moon. Space is poised to play an integral part in the way in which battles are fought and nations defend themselves: 

1. Imagery– Photos from outer space will provide essential data on enemy troop movements, target identification, logistic alternatives/viable pathways, and attack results. Companies like Planet Labs* provide this valuable information.
2. Communications- Satellite enabled communications will facilitate a continuous flow of information including GPS coordinates, even in remote areas. Troops will not be dependent on vulnerable land-based communications infrastructure. Viasat*, Garmin*, Eutelsat Communications*, and Echostar* are just some of the companies that provide satellite services.
3. Military Bases in Space– Military space stations will provide both defense and attack outposts. These bases will protect assets and personnel, ward off enemy attacks, and deploy “long distance” weapons. Defending assets such as satellites from lasers, jamming, and cyberattacks will be critical.
4. Remote Control Maneuvers– Tanks, drones, and robots will be directed remotely via satellite service and software. Drone swarms or large groups of drones aka UAVs (Unmanned Aerial Vehicles) will be used to provide information for tactical operations, serve as military weapons, and transport supplies.  Video gaming will have evolved into real life military operations and no longer be seen as just a frivolous pastime.
5. Hypersonic Transportation and Weapons- Hypersonic vehicles flying faster than the speed of sound will enable vehicles to have faster access to space and provide the military with faster response times. Hypersonic space transportation vehicles will be used for military freight and personnel. Hypersonic missiles and tracking systems will be critical ingredients in future defense programs. Companies like Lockheed Martin*, Virgin Galactic*, Boeing*, L3Harris* and Northrop Grumman* play a big role in hypersonic research and development.

The Procure Space ETF, UFO:NASDAQ, recognizes the critical role that space will play as the future of defense evolves. UFO, the world’s first pure-play space ETF, contains publicly traded, space-related companies from around the globe Companies within the Procure Space ETF are at the forefront of research and implementation of the new and expanding technology integrating space within the ever-changing world of defense. 

To learn more about the Procure Space ETF, visit www.ProcureETFs.com.

As of May 8th, 2023, Boeing (BA) was a 2.63% holding, Echostar (SATS) was a 3.64% holding, Eutelsat (ETL FP) was a 5.30% holding, Garmin (GRMN) was a 5.73% holding, L3Harris Technologies (LHX) was a 2.42% holding, Lockheed Martin (LMT) was a 2.55% holding, Northrop Grumman (NOC) was a 2.60% holding, Planet Labs (PL) was a 4.85% holding, Viasat (VSAT) was a 5.64% holding, Virgin Galatic (SPCE) was a 3.78% 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. 

As our cherished home, protecting and preserving Planet Earth should be our utmost priority. Unfortunately, years of rampant pollution, deforestation, overconsumption and other harmful practices have contributed to the acceleration and exacerbation of climate change. Consequently, we are witnesses and victims to a growing number of severe weather events and natural disasters globally.

In honor of Earth Day, ProcureAM acknowledges the urgent need for action to mitigate the risks of climate change, highlighting the pivotal role the private sector plays in ensuring safety and preparedness in the face of natural disasters. 

According to a recent report released by the U.N’s Intergovernmental Panel on Climate Change (IPCC), nearly half of the global population lives in regions that are ‘highly vulnerable’ to climate change. Additionally, highly vulnerable regions experienced 15 times more deaths caused by floods, droughts and storms.1 

Several major and unexpected catastrophic events devastated communities around the world in 2023 alone. Parts of Turkey and Syria were destroyed by a 7.8 magnitude earthquake in February,2 which resulted in thousands of deaths and left behind a massive economic toll; most of the infrastructure in affected areas were severely damaged or wiped out completely. 

Last month, California endured a series of treacherous storms and floods that left residents trapped amidst overflowing rivers and mudslides. The adverse effects have extended to the state’s agricultural sector. Some farms are fully submerged by floodwaters and others are too waterlogged to support cultivation.3 This could have far-reaching implications throughout the United States. If farmers are unable to sow their intended crops, the harvest and distribution of food could suffer, leading to food insecurity issues.

These are not the only climate-related disasters that have occurred this year and with hurricane season approaching, we could see more. What can we do to prevent natural disasters from ravaging our communities? There are many private companies dedicated solely to risk reduction and recovery efforts that are called into action during natural disaster emergencies. When creating the Procure Disaster Recovery Strategy ETF (FIXT), we sought out global companies engaged in those exact practices, whether they build infrastructure strong enough to withhold potential earthquakes or provide emergency response following disasters. 

Officials in Turkey and Syria will likely explore different construction strategies that rely less on concrete as a building material. Fugro,* a Dutch firm that analyzes the Earth’s stability for building, may be in demand for this reason. In fact, Fugro was previously hired to conduct ground analysis for a nuclear reactor construction project in Turkey.

With the impact from the California floods, issues with the power grid may have been mitigated by generator manufacturers like Generac,* Cummins* and Xylem*. Further, the unstable farmland could potentially be contaminated from debris and other toxic materials. To help address the contamination, companies involved in water management, sanitation and flood control could step in such as Xylem,* John Wood Group,* Sulzer,* Stantec,* Clean Harbors* and Tetra Tech.*

As investors, we can play our part by funding, supporting and acknowledging the companies working collectively towards natural disaster preparedness and resilience to protect our Earth and future. 

1CNBC, March 23, 2023, World’s top climate scientists issue ‘survival guide for humanity,’ call for major course correction.

2The Wall Street Journal, February 9, 2023, Why the Turkey-Syria earthquake was so destructive and deadly.

3Fox40.com, March 31, 2023, California’s farmers struggle with deepening flood waters. 

*As of April 14th, 2023, Clean Harbors CLHJ) was a 2.05% holding, Cummins (CMI) was 1.79% holding, Fugro (FUR NA) was a 2.23% holding, Generac (GNRC) was a 1.72% holding, John Wood Group (WG/ LN) was a 1.92% holding, Stantec (SNT CN) was a 2.01% holding, Sulzer (SUN SW) was a 1.96% holding, Tetra Tech (TTEK) was a 2.10% holding, and Xylem (XYL) was a 2.05% 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.

 

The news has been full of new Artificial Intelligence (AI) opportunities. But AI in Space has been around for a while and is finding new applications. Space is a constantly evolving world that is being studied by scientists and governments. AI is an integral part of this research.

Equipment Design

NASA is using AI to perfect specialty hardware for spacecrafts and missions. The combination of human intuition with AI is being used to create specialized, one-of-a-kind parts. The result is optimized shapes at lower weights. In the future, the use of AI with 3-D printing may help astronauts create parts on demand in space.¹

Space Congestion

As the number of satellites and rocket launches increases, so does the volume of debris resulting in a greater chance for collisions. AI models have been created to track the multitude of objects in Earth’s orbit. This data must be continually monitored to prevent accidents.²

Defense and Warfare

Information will be an essential weapon in future warfare and defense operations. The U.S. Government branches are already incorporating AI capabilities in intelligence, cyber, and electronic warfare technology. AI algorithms are being created to monitor, anticipate, and react in case of on-orbit and in-ground space conflicts. Meanwhile, the U.S. is not alone. China has also been making investments in AI for defense and military purposes.  The “Space Race” is alive and well when it comes to determining who will have a competitive edge in the future.³

Satellite Operations

Satellites are currently a sizable and growing industry. Maintaining the satellites, monitoring their flight patterns, and anticipating failure times are critical activities as more operations become reliant on satellite information. Whether it’s for communications, observation, or defense purposes, businesses and governments using satellites need to know their services will be available at all times. Satellite operators need to be one-step ahead in maintaining system reliability.⁴

Star and Galaxy Mapping

AI-based algorithms are helping astronomers better understand the location, size and age of stars and galaxies in space. Analysis of this data will help scientists detect, classify, and recognize patterns for future exploration.⁵

Startups and established companies continue to develop new space enterprises. As more opportunities develop for space related businesses and products, new AI programs will surely evolve.

Investors looking to participate in the space sector may consider the Procure Space ETF (UFO:NASDAQ), the world’s first pure-play space ETF, for their portfolios. UFO contains 39 publicly traded, space-related companies from around the globe. To learn more about the Procure Space ETF, visit www.ProcureETFs.com.

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.

¹ NASA Turns to AI to Design Mission Hardware, by Karl Hille, nasa.gov, February 9, 2023.
² Artificial Intelligence for Space Missions, boozallen.com.
³ AI in Space an its Future in Warfare, by Charles Beames. forbes.com, December 21,2022.
⁴ Artificial Intelligence aiding the space business across the board, by Sandra Irwin. Spacenews.com, February 9, 2023.
⁵ 7 Incredible Ways AI Is Being Used In Exploration, By Sakshi Gupta, springboard.com, February 8,2023.

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.

This year began with horrific earthquakes in Turkey and Syria, monumental atmospheric rivers in California, and a railroad derailment in Ohio resulting in a major hazardous chemical spill. The damage from these disasters needs to be addressed and steps have to be taken to prevent future destruction. The affected areas will require help, but who do they call?

Fortunately, there is an industry comprised of companies providing disaster recovery and prevention products and services. With natural disasters occurring more frequently and becoming more destructive, the market for disaster recovery and prevention is poised to grow. After a major disaster, a timely response is essential.  Firms with experience are best equipped to assess the damage and implement short- and long-term recovery plans.

Earthquakes in Turkey and Syria

The devastating earthquakes in Turkey and Syria affected nearly 15 million people and destroyed twelve thousand buildings. Going forward, housing, schools and hospitals will need to be rebuilt and water supplies restored.¹ A recent World Bank estimate put the cost of direct physical damage at almost $34.2 billion and total reconstruction and recovery at nearly twice that amount!²

The quakes highlighted the inconsistency in building code adherence throughout the region. Amazingly, some buildings withstood the impact while others were destroyed. In the future, stricter adherence to building codes will be enforced and new construction processes will be investigated with changes like less reliance on concrete as a building material adopted. Companies like Fugro,* a Dutch firm that analyzes earth stability for building may be in demand. Not that long ago they were hired to analyze the ground prior to construction of a nuclear reactor in Turkey.³

California Atmospheric Rivers and Flooding

Nonstop atmospheric rivers have been pounding California with unprecedented snowstorms and rainfalls. Floods, lack of power, and mudslides are just some of the fallout from these weather disasters. Levees that had been in danger for years have been breached. While it may be too late to prevent the current damage, federal and state agencies have announced funding for repairs. The USDA Natural Resources Conservation Service in California recently announced $1.5 million to repair levees in Northern California.⁴  Belatedly, a $400 million levee rebuild is scheduled for 2025.⁵

Mudslides, blocked and damaged roadways, weakened bridges, and other damaged infrastructure will need to be repaired. In the short-term, the lack of power may be handled with generators from companies like Generac,* Cummins,* and Xylem.*  Meanwhile longer-term solutions may require the new microgrids by companies like Eaton,* Enersys* and Willdan.* Microgrids may help to transmit energy during periods of power disruptions. A recent industry study forecasted the global microgrid market to increase by 18.6% between 2022 and 2027.⁶

Flooding has been a major consequence of the historic storms pounding California. The state will have to  contend with contaminated water supplies and flooded residential and commercial properties.  An unintended consequence of flooding has been the damage to farmland. Farmland may become unusable according to Federal regulations because the soil may have become contaminated from debris and other contaminants. Water management, sanitation, and flood control are markets for companies like Xylem,* Wood Group,* Sulzer,* Stantec,* Clean Harbors,* and TetraTech.*

Norfolk Southern Derailment

In the case of the Norfolk Southern rail crash, instant action was taken to analyze the water and air samples in the area.  AECOM* was brought in immediately to analyze water samples. TetraTech* and Arcadis* have been deployed to clean the water and streams that were contaminated by the chemical spill and to excavate and replace soil adjacent to the affected train tracks. Much of this work will be funded by the railway. Meanwhile, AECOM* as well as the Ohio Environmental Protection Agency, will be monitoring and testing in the area for the foreseeable future.⁷

The Disaster Recovery and Prevention Industry is an essential and growing industry. Whether it’s from natural disasters like earthquakes, floods, hurricanes, blizzards, droughts and wildfires, or manmade hazards, the resulting destruction will need to be repaired. The companies providing the products and services to facilitate a return to normal will continue to be busy.

*As of March 20^th, 2023, AECOM (ACM) was a 1.91% holding, Arcadis (ARCAD NA) was a 1.90% holding, Clean Harbors CLHJ) was a 1.99% holding, Cummins (CMI) was 1.81% holding, Eaton Corp (ETN) was a 1.86% holding, Enersys (ENS) was a 1.85% holding, Fugro (FUR NA) was a 1.90% holding, Generac (GNRC) was a 1.95% holding, John Wood Group (WG/ LN) was a 1.89% holding, Stantec (SNT CN) was a 2.00% holding, Sulzer (SUN SW) was a 1.82% holding, Tetra Tech (TTEK) was a 2.06% holding, Willdan Group (WLDN) was a 1.93% holding, and Xylem (XYL) was a 1.92% holding in the Procure Disaster Recovery Strategy ETF (NASDAQ: FIXT).

¹ What Turkey Needs for Its Long Recovery, Insights.som.yale.edu, February 17, 2023.
² Turkey’s crisis management playbook: Donations, reconstruction, and inflation with an eye on elections, Mei.edu, M. Murat Kubilay, March 3, 2023.
³ Fugro’s Site Characterization Supports Safe Design of Turkey’s Second Nuclear Power Plant, Fugro.com, August 12, 2021.
⁴ NRCS California Awards Federal Funding for Emergency Levee Repairs, nrcs.usda.gov, February 24, 2023.
⁵ Levee break brings more flood problems to California as new storm approaches, PBS.com, March 13, 2023.
⁶ Microgrid Market by Connectivity… Global Forecast to 2027, Marketsandmarkets.com, July2022.
⁷ NTSB Issues Initial Ohio Derailment Report as EPA Takes Over Cleanup, enr.com, February 2023.

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.

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.

Something is happening in the sky, but no one is sure what it is. Initial reports indicated that China was sending weather balloons to gather meteorological data. Next, the United States declared the balloons to be spy apparatuses intended to collect military information. Then came speculation whether the additional objects identified in the sky could be extraterrestrial devices!

Sophisticated military radar systems are essential to tracking these mysterious objects. Normally, radar is used to pick up fast moving, heat generating items that are usually associated with missiles or enemy aircraft. The most recent objects discovered are slower moving, cooler entities. As radar parameters are modified for increased sensitivity, more items are likely to be discovered.

The original objects were treated as possible enemy devices and were tracked and destroyed by fighter planes. A search and retrieval effort will hopefully reveal more about these objects. However, this can be costly as more objects are discovered. Radar and satellite data will be crucial to track and identify these unknown objects.

Along with radar, satellites will play a critical role in the observation of and communication regarding UFOs or, using governmental jargon, “unexplained anomalous phenomena” (UAPs). Satellites will be instrumental in further identifying and tracking the location of objects such as other satellites, debris, remote sensing equipment and other items.

The Procure Space ETF (UFO:NASDAQ) is an exchange-traded fund comprised of constituents involved in space-related industries. UFO incorporates radar and satellite companies within the fund:

Radar Manufacturers

According to Fortune Business Insights, the top five military radar manufacturers are Airbus S.A.S.*, Raytheon Technologies*, Northrop Grumman*, Saab AB*, and Thales Group*.  In the United States, Lockheed Martin* is another major radar provider while General Dynamics* incorporates Leonardo* equipment for radar systems.

Satellite Companies

Satellite manufacturers, launch firms, and communications providers are important components of the Procure Space ETF. Astra Space*, AST SpaceMobile*, BlackSky*, Boeing*, Eutelsat*,  Maxar Technology*, Planet Labs*, Trimble*, Viasat* are companies that are constituents in the fund.

No one can predict the future, but it is extremely likely that governments all over the world will be spending more time gazing at the sky and looking for more than twinkling stars.

As of February 13^th, 2023, Airbus (AIR FP) was a 1.15% holding, Aeroejet Rocketdyne (AJRD) was a 0.26% holding, Astra (ASTR) was a 0.51% holding, AST SpaceMobile* (ASTS) was a 1.16% holding, BlackSky Technology (BKSY) was a 0.57% holding, Boeing (BA) was a 2.79% holding, Eutelsat (ETL FP) was a 4.50% holding,  Leonardo (LDO IM) was a 0.08% holding,  Lockheed Martin (LMT) was a 2.33% holding, Maxar (MAXR) was a 9.89% holding, Northrop Grumman (NOC) was a 2.02% holding, Planet Labs (PL) was a 4.02% holding, Raytheon Technologies (RTX) was a 2.37% holding, Rocket Lab (RKLB) was a 5.36% holding, Trimble (TRMB) was a 4.53% holding, Thales (HO FP) was a 0.24% holding, Viasat (VSAT) was a 4.82% holding in the Procure Space ETF (NASDAQ: UFO). The Procure Space ETF (NASDAQ: UFO) does not hold the following companies: General Dynamics (GD) and Saab AB (SAABF).

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.