UFO

PROCURE SPACE ETF

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

As of 06/11/2021

ETF TickerUFO
ExchangeNasdaq
Inception04/11/2019
CUSIP74280R 205
ISINUS74280R2058
Expense Ratio0.75%
Index ProviderS-Network Global Indexes, Inc.
Index TickerSPACE
# of Holdings32
Shares Outstanding4,250,000.00
Net Assets$130,109,475.10
Distribution$0.16
Last Ex-Date12/31/2020
Last Pay Date01/05/2021

Principal Investment Strategies

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

Investment Objective

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

Underlying Index

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

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

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

Daily NAV as of 06/11/2021

NAV MARKET PRICE 
Net Asset Value$30.61Closing Price$30.60
Daily Change $0.07Daily Change $0.10
Daily Change %0.23Daily Change %0.33

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

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

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

Principal Investment Strategies

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

Investment Objective

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

Underlying Index

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

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

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

Performance

1 MONTH3 MONTH6 MONTH1 YEARYTDSINCE INCEPTION
MONTH END AS OF 5/28/21
NAV %1.103.9124.0956.7318.5322.60
Market Value %1.613.7923.1756.2418.5922.79
1 MONTH3 MONTH6 MONTH1 YEARYTDSINCE INCEPTION
QUARTER END AS OF 3/31/21
NAV %-1.5112.3437.0969.2812.3416.20
Market Value %-1.6712.3437.1769.2012.3416.32

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

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

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

Premium/Discount

Period Covered: January 04, 2021 through Jun 11, 2021

Premium/Discount RangeNumber of Trading Days% of Total Trade Days
1.00% or more00.00%
0.75% to 0.999%00.00%
0.50% to 0.749%87.21%
0.25% to 0.499%3127.93%
0.00% to 0.249%2522.52%
-0.001% to -0.249%2825.23%
-0.25% to -0.499%1715.32%
-0.50% to -0.749%21.80%
-0.75% to -0.999%00.00%
-1.00% or more00.00%
Total111100.00%

Download Premium/Discount (.xls)

Premium/Discount

Period Covered: January 02, 2020 through December 31, 2020

Premium/Discount RangeNumber of Trading Days% of Total Trade Days
1.00% or more51.98%
0.75% to 0.999%72.77%
0.50% to 0.749%2710.67%
0.25% to 0.499%6726.48%
0.00% to 0.249%6124.11%
-0.001% to -0.249%5120.16%
-0.25% to -0.499%2911.46%
-0.50% to -0.749%41.58%
-0.75% to -0.999%00.0%
-1.00% or more20.79%
Total253100.00%

Download Premium/Discount (.xls)

Premium/Discount

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

Premium/Discount RangeNumber of Trading Days% of Total Trade Days
1.00% or more00.0%
0.75% to 0.999%21.09%
0.50% to 0.749%126.52%
0.25% to 0.499%5328.8%
0.00% to 0.249%9451.09%
-0.001% to -0.249%2111.41%
-0.25% to -0.499%10.54%
-0.50% to -0.749%10.54%
-0.75% to -0.999%00.0%
-1.00% or more00.0%
Total184100.00%

Download Premium/Discount (.xls)

PROCURE SPACE ETF

April 10, 2019 to Jun 11, 2021

BPS(Q1 2021)

BPS(Q2 2021)

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Jan 4, 2021 to Mar 31, 2021

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Apr 1, 2021 to Jun 11, 2021

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BPS(Q1 2020)

BPS(Q2 2020)

BPS(Q3 2020)

BPS(Q4 2020)

DOWNLOAD CHART DATA (.CSV)

Jan 2, 2020 to Mar 31, 2020

DOWNLOAD CHART DATA (.CSV)

Apr 1, 2020 to Jun 30, 2020

DOWNLOAD CHART DATA (.CSV)

Jul 1, 2020 to Sep 30, 2020

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Oct 1, 2020 to Dec 31, 2020

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BPS(Q2 2019)

BPS(Q3 2019)

BPS(Q4 2019)

DOWNLOAD CHART DATA (.CSV)

Apr 10, 2019 to Jun 28, 2019

DOWNLOAD CHART DATA (.CSV)

Jul 1, 2019 to Sep 30, 2019

DOWNLOAD CHART DATA (.CSV)

Oct 1, 2019 to Dec 31, 2019

DOWNLOAD CHART DATA (.CSV)

 Calendar Year
2019
Calendar Year 2020 through
December 31, 2020
Calendar Year 2021 through
March 31, 2021
Days traded at premium16417111
Days traded at net asset value101
Days traded at discount198249

The following table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than NAV when those shares are sold because shares are bought and sold at current market prices.

Principal Investment Strategies

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

Investment Objective

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

Underlying Index

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

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

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

Holdings as of 06/14/2021

RANKNAME%TOTAL NET ASSETTICKERSHARES HELDMARKET VALUE USD
1ORBCOMM INC6.52%ORBC750,755$8,483,531.50
2GARMIN LTD5.27%GRMN47,564$6,858,276.94
3DISH NETWORK CORPORATION5.21%DISH169,146$6,777,680.22
4SIRIUS XM HOLDINGS INC5.12%SIRI989,192$6,667,154.08
5TRIMBLE INC4.94%TRMB81,826$6,432,341.86
6VIRGIN GALACTIC HOLDINGS INC COM4.88%SPCE180,882$6,348,958.20
7EUTELSAT COMMUNICA4.84%ETL FP501,937$6,291,460.83
8WEATHERNEWS INC4.77%4825 JP118,200$6,202,632.90
9SES SA4.70%SESG FP744,370$6,111,959.84
10ECHOSTAR CORP4.65%SATS223,791$6,044,594.91

Download All Holdings (.csv)
Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.

Principal Investment Strategies

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

Investment Objective

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

Underlying Index

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

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

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