0001145549-23-001557.txt : 20230117 0001145549-23-001557.hdr.sgml : 20230117 20230117162741 ACCESSION NUMBER: 0001145549-23-001557 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221031 FILED AS OF DATE: 20230117 DATE AS OF CHANGE: 20230117 EFFECTIVENESS DATE: 20230117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Procure ETF Trust II CENTRAL INDEX KEY: 0001727398 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23323 FILM NUMBER: 23531836 BUSINESS ADDRESS: STREET 1: 16 FIREBUSH ROAD CITY: LEVITTOWN STATE: PA ZIP: 19056 BUSINESS PHONE: 215-943-1777 MAIL ADDRESS: STREET 1: 16 FIREBUSH ROAD CITY: LEVITTOWN STATE: PA ZIP: 19056 0001727398 S000061583 Procure Disaster Recovery Strategy ETF C000199460 Procure Disaster Recovery Strategy ETF FEMA 0001727398 S000061584 Procure Space ETF C000199461 Procure Space ETF UFO N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001727398 XXXXXXXX false false false N-1A true Procure ETF Trust II 811-23323 0001727398 54930087TY81UGRDP561 16 Firebush Road Levittown 19056 US-PA US 8666903837 U.S. Bank National Association 1555 North Rivercenter Drive Milwaukee 53212 18336121912 Records relating to its function as custodian Procure AM, LLC 1555 North Rivercenter Drive Milwaukee 53212 18336121912 Records relating to its function as investment adviser of the Procure ETF Trust II U.S. Bancorp Fund Services, LLC 615 East Michigan Street Milwaukee 53202 18336121912 Records relating to its function as administrator, transfer agent and dividend disbursing agent Quasar Distributors LLC 777 East Wisconsin Avenue Milwaukee 53202 18336121912 Records relating to its function as distributor N N N-1A 2 Y John Jacobs N/A N Erik Liik 000871283 N James Brenner 005500592 N Robert Tull 001622895 Y Stacey Gillespie 003137874 140 E. 45th Street, 29th Floor 2 Grand Central Tower New York 10017 XXXXXX N N N N N N Quasar Distributors, LLC 8-52323 000103848 N/A N N Cohen & Company, Ltd. 00925 N/A N N N N N N N Procure Space ETF S000061584 549300MQIFQ5M3WPKM32 N 1 0 0 Exchange-Traded Fund N Y 1.269602000000 0.732621000000 0.577160000000 0.577293000000 Y N Y N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Revenue sharing split Cash collateral reinvestment fee 22481434.680000000000 1298753.410000000000 Rule 18f-4 (17 CFR 270.18f-4) N N N N Procure AM LLC 812-14771 000297134 N/A N PENSERRA CAPITAL MANAGEMENT LLC 801-80466 000159042 549300I8X5UWMSXOJ371 N N U.S. Bancorp Fund Services LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N U.S. Bancorp Fund Services LLC N1GZ7BBF3NP8GI976H15 N N N VIRTU AMERICAS LLC 8-68193 000149823 549300RA02N3BNSWBV74 57238.900000000000 MERRILL LYNCH PROFESSIONAL CLEARING CORP. 008-33359 000016139 549300PMHS66E71I2D34 19262.920000000000 BTIG, LLC 8-65473 000122225 549300GTG9PL6WO3EC51 1827.950000000000 EMPIRICAL RESEARCH PARTNERS LLC 8-65590 000123520 N/A 5.450000000000 BNP Paribas 8-40490 000024962 7VHWWWW4UJS7NUM3PT30 404.010000000000 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 1900.790000000000 80640.020000000000 0.000000000000 N 83482217.193000000000 N N N N Procure Disaster Recovery Strategy ETF S000061583 549300KXFN748Y4UF096 Y 1 0 0 Exchange-Traded Fund N Y -0.199040000000 -0.803146000000 0.641376000000 0.641393000000 Y N Y N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Revenue sharing split Cash collateral reinvestment fee N/A N/A Rule 18f-4 (17 CFR 270.18f-4) N N N N Procure AM LLC 812-14771 000297134 N/A N PENSERRA CAPITAL MANAGEMENT LLC 801-80466 000159042 549300I8X5UWMSXOJ371 N N U.S. Bancorp Fund Services LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N U.S. Bancorp Fund Services LLC N1GZ7BBF3NP8GI976H15 N N N BTIG, LLC 8-65473 000122225 549300GTG9PL6WO3EC51 1.590000000000 VIRTU AMERICAS LLC 8-68193 000149823 549300RA02N3BNSWBV74 26.370000000000 MERRILL LYNCH PROFESSIONAL CLEARING CORP. 008-33359 000016139 549300PMHS66E71I2D34 49.720000000000 77.680000000000 0.000000000000 N 668644.190000000000 N N N N Procure Space ETF S000061584 N 25000.000000000000 0.555900000000 36.836082000000 99.444000000000 36.836082000000 1.025033333333 12.456099000000 98.974866666667 12.456099000000 N/A 500.000000000000 N/A N/A 500.000000000000 N/A N/A 500.000000000000 N/A N/A 500.000000000000 N/A Procure Disaster Recovery Strategy ETF S000061583 N 25000.000000000000 0.117800000000 0.000000000000 99.882100000000 0.000000000000 0.225600000000 0.000000000000 99.774300000000 0.000000000000 N/A 500.000000000000 N/A N/A 500.000000000000 N/A N/A 500.000000000000 N/A N/A 500.000000000000 N/A true INTERNAL CONTROL RPT 2 procure.htm INTERNAL CONTROL LETTER

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
To the Shareholders of Procure Disaster Recovery Strategy ETF and Procure Space ETF and
Board of Trustees of Procure ETF Trust II

In planning and performing our audit of the financial statements of Procure Disaster Recovery Strategy ETF and Procure Space ETF (the “Funds”), each a series of Procure ETF Trust II, as of and for the year or period ended October 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N‐CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A funds’ internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A funds’ internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the funds; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the funds are being made only in accordance with authorizations of management and trustees of the funds; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a funds’ assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds’ annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of October 31, 2022.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ COHEN & COMPANY, LTD.

COHEN & COMPANY, LTD.
Cleveland, Ohio
December 22, 2022