Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)
25 March 2020 - 8:10AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment
Company Act file number: 811-23323
Procure ETF Trust II
_________________________________
(Exact
name of registrant as specified in charter)
16
Firebush Road
Levittown,
PA 19056
_______________________________________
(Address
of principal executive offices) (Zip code)
Robert
Tull
16
Firebush Road
Levittown,
PA 19056
_______________________________________
(Name
and address of agent for service)
1-866-690-3837
_________________________________________________
Registrant's
telephone number, including area code
Date of
fiscal year end: October 31,
2020
Date of
reporting period: January 31,
2020
Item 1. Schedule of Investments.
Procure Space ETF
|
Schedule of Investments
|
January 31, 2020 (Unaudited)
|
|
|
|
COMMON STOCKS - 99.8%
|
|
|
Australia - 3.2%
|
|
|
Diversified Telecommunication Services - 3.2%
|
|
|
SpeedCast
International, Ltd.
|
1,039,473
|
$549,743
|
|
|
|
France - 5.6%
|
|
|
Aerospace & Defense - 1.5% (b)
|
|
|
Airbus
SE
|
1,431
|
211,297
|
Thales
SA
|
432
|
47,501
|
Total
Aerospace & Defense
|
|
258,798
|
Media - 4.1% (b)
|
|
|
Eutelsat
Communications SA
|
46,818
|
702,768
|
Total
France
|
|
961,566
|
|
|
|
Italy - 0.1%
|
|
|
Aerospace & Defense - 0.1% (b)
|
|
|
Leonardo
SpA
|
1,458
|
18,064
|
|
|
|
Japan - 4.7%
|
|
|
Media - 4.7% (b)
|
|
|
Sky
Perfect JSAT Holdings, Inc.
|
183,600
|
801,244
|
|
|
|
Luxembourg - 6.6%
|
|
|
Diversified Telecommunication Services - 2.5%
|
|
|
Intelsat
SA (a)
|
128,196
|
437,148
|
Media - 4.1% (b)
|
|
|
SES
SA
|
57,105
|
702,770
|
Total
Luxembourg
|
|
1,139,918
|
|
|
|
Switzerland - 4.5%
|
|
|
Household Durables - 4.5%
|
|
|
Garmin,
Ltd.
|
8,046
|
780,060
|
|
|
|
United States - 75.1%
|
|
|
Aerospace & Defense - 26.5% (b)
|
|
|
Aerojet
Rocketdyne Holdings, Inc. (a)
|
1,161
|
60,453
|
Boeing
Co.
|
1,134
|
360,918
|
L3Harris
Technologies, Inc.
|
1,755
|
388,434
|
Lockheed
Martin Corp.
|
1,026
|
439,251
|
Maxar
Technologies, Inc.
|
70,011
|
1,117,376
|
Northrop
Grumman Corp.
|
1,134
|
424,762
|
Raytheon
Co.
|
1,404
|
310,200
|
Virgin
Galactic Holdings, Inc. (a)
|
85,590
|
1,467,869
|
Total
Aerospace & Defense
|
|
4,569,263
|
Communications Equipment - 8.7%
|
|
|
EchoStar
Corp. - Class A (a)
|
19,980
|
797,302
|
ViaSat,
Inc. (a)
|
10,908
|
694,294
|
Total
Communications Equipment
|
|
1,491,596
|
Containers & Packaging - 0.6%
|
|
|
Ball
Corp.
|
1,431
|
103,289
|
Diversified Telecommunication Services - 16.6%
|
|
|
AT&T,
Inc.
|
10,233
|
384,966
|
Globalstar,
Inc. (a)
|
1,979,316
|
942,154
|
Iridium
Communications, Inc. (a)
|
33,102
|
845,756
|
ORBCOMM,
Inc. (a)
|
191,700
|
688,203
|
Total
Diversified Telecommunication Services
|
|
2,861,079
|
Electronic Equipment, Instruments & Components -
4.8%
|
|
|
Trimble,
Inc. (a)
|
19,440
|
826,589
|
Industrial Conglomerates - 1.4%
|
|
|
Honeywell
International, Inc.
|
1,431
|
247,878
|
Media - 16.5% (b)
|
|
|
Comcast
Corp. - Class A
|
9,153
|
395,318
|
DISH
Network Corp. - Class A (a)
|
22,923
|
842,650
|
Loral
Space & Communications, Inc. (a)
|
25,137
|
808,657
|
Sirius
XM Holdings, Inc.
|
113,913
|
805,365
|
Total
Media
|
|
2,851,990
|
Total
United States
|
|
12,951,684
|
TOTAL
COMMON STOCKS (Cost $17,564,845)
|
|
17,202,279
|
|
|
|
SHORT-TERM INVESTMENTS - 0.2%
|
|
|
Money Market Funds - 0.2%
|
|
|
First
American Government Obligations Fund - Class X, 1.49%
(c)
|
40,120
|
40,120
|
TOTAL
SHORT-TERM INVESTMENTS (Cost $40,120)
|
|
40,120
|
|
|
|
Total Investments (Cost $17,604,965) - 100.0%
|
|
17,242,399
|
Other Assets in Excess of Liabilities - 0.0%
|
|
2,475
|
TOTAL NET ASSETS - 100.0%
|
|
$17,244,874
|
Percentages are stated as a percent of net assets.
|
|
(a)
|
Non-income producing security.
|
(b)
|
Date as of January 31, 2020 the Fund had a significant portion of
its assets invested in the Media and Aerospace & Defense
Industy.
|
(c)
|
Rate reflects annualized seven-day yield on January 31,
2020.
|
|
The industry classifications listed above are in accordance with
Global Industry Classification Standard (GICS®), which was
developed by and/or is the exclusive property of MSCI, Inc. and
Standard & Poor Financial Services LLC
("S&P").
|
Procure
Space ETF
NOTES TO FINANCIAL STATEMENTS
January
31, 2020 (Unaudited)
The
following is a summary of significant accounting policies
consistently followed by Procure Space ETF (the “Fund”)
which is a series of Procure ETF Trust II (the
“Trust”), an open-end management investment company
consisting of multiple investment series, organized as a Delaware
statutory trust on December 19, 2017. These policies are in
conformity with accounting principles generally accepted in the
United States of America (“U.S. GAAP”).
A.
|
Security
Valuation. Securities listed on a securities exchange, market or
automated quotation system for which quotations are readily
available (except for securities traded on NASDAQ), including
securities traded over the counter, are valued at the last quoted
sale price on the primary exchange or market (foreign or domestic)
on which they are traded on the valuation date (or at approximately
4:00 pm Eastern Time if a security’s primary exchange is
normally open at that time), or, if there is no such reported sale
on the valuation date, at the most recent quoted bid price. For
securities traded on NASDAQ, the NASDAQ Official Closing Price will
be used.
|
|
|
|
Securities
for which quotations are not readily available are valued at their
respective fair values as determined in good faith by the Board of
Trustees (the “Board”). When a security is “fair
valued,” consideration is given to the facts and
circumstances relevant to the particular situation, including a
review of various factors set forth in the pricing procedures
adopted by the Fund’s Board. The use of fair value pricing by
a fund may cause the net asset value of its shares to differ
significantly from the net asset value that would be calculated
without regard to such considerations. As of January 31, 2020, the
Fund did not hold any fair valued securities.
|
|
As
described above, the Fund utilizes various methods to measure the
fair value of its investments on a recurring basis. U.S. GAAP
establishes a hierarchy that prioritizes inputs to valuation
methods. The three levels of inputs are:
|
|
|
|
|
Level
1
|
Unadjusted
quoted prices in active markets for identical assets or liabilities
that the Fund has the ability to access.
|
|
|
|
|
Level
2
|
Observable
inputs other than quoted prices included in Level 1 that are
observable for the asset or liability, either directly or
indirectly. These inputs may include quoted prices for the
identical instrument on an inactive market, prices for similar
instruments, interest rates, prepayment speeds, credit risk, yield
curves, default rates and similar data.
|
|
Level
3
|
Unobservable
inputs for the asset or liability, to the extent relevant
observable inputs are not available; representing the Fund’s
own assumptions about the assumptions a market participant would
use in valuing the asset or liability, and would be based on the
best information available.
|
|
|
|
|
The
availability of observable inputs can vary from security to
security and is affected by a wide variety of factors, including,
for example, the type of security, whether the security is new and
not yet established in the marketplace, the liquidity of markets,
and other characteristics particular to the security. To the extent
that valuation is based on models or inputs that are less
observable or unobservable in the market, the determination of fair
value requires more judgment. Accordingly, the degree of judgment
exercised in determining fair value is greatest for instruments
categorized in Level 3.
|
|
|
The
inputs used to measure fair value may fall into different levels of
the fair value hierarchy. In such cases, for disclosure purposes,
the level in the fair value hierarchy within which the fair value
measurement falls in its entirety, is determined based on the
lowest level input that is significant to the fair value
measurement in its entirety.
|
|
|
|
|
|
The
following table presents a summary of the Fund’s investments
in securities, at fair value, as of January 31, 2020:
|
|
Procure Space ETF
Assets^
|
|
|
|
|
Common
Stocks
|
$17,202,279
|
$—
|
$—
|
$17,202,279
|
Short Term
Investments
|
40,120
|
—
|
—
|
40,120
|
Total Investments
in Securities
|
$17,242,399
|
$—
|
$—
|
$17,242,399
|
^ See
Schedule of Investments for classifications by country and
industry.
Item 2. Controls and Procedures.
(a)
The
Registrant’s President/Chief Executive Officer and
Treasurer/Chief Financial Officer have concluded that the
Registrant's disclosure controls and procedures (as defined in
Rule 30a-3(c) under the Investment Company Act of 1940 (the
“1940 Act”)) (17 CFR 270.30a-3(c)) are effective as
of a date within 90 days of the filing date of the report that
includes the disclosure required by this paragraph, based on the
evaluation of these controls and procedures required by
Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule
13a-15(b) or Rule 15d-15(b) under the Securities Exchange Act
of 1934, as amended (17
CFR 240.13a-15(b) or 240.15d-15(d)).
(b)
There were no
changes in the Registrant's internal control over financial
reporting (as defined in Rule 30a-3(d) under the 1940 Act)
(17 CFR
270.30a-3(d)) that occurred during the Registrant's last
fiscal quarter that have materially affected, or are reasonably
likely to materially affect, the Registrant's internal control over
financial reporting.
Item 3. Exhibits.
Separate certifications for each principal executive officer and
principal financial officer of the Registrant as required by Rule
30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)). Filed
herewith.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto
duly authorized.
(Registrant)
Procure ETF Trust
II
By (Signature and
Title) /s/ Robert
Tull
Robert Tull,
Principal Executive
Officer/President
Date
3/20/2020
Pursuant to the
requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below
by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.
By (Signature and
Title)* /s/ Robert
Tull
Robert Tull,
Principal Executive Officer/President
Date
3/20/2020
Pursuant to the
requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below
by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.
By (Signature and
Title)* /s/ Adrienne
Binik-Chanin
Adrienne
Binik-Chanin, Chief Financial Officer
Date
3/20/2020
* Print the name and title of each signing officer under his or her
signature.
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