NPORT-EX 2 fixt.htm SOI & NOTES

Procure Disaster Recovery Strategy ETF
  
Schedule of Investments
  
July 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.5%
  
Shares
    
Value
  
Australia - 2.4%
        
Broadline Retail - 2.4%
            
Wesfarmers, Ltd.
    
1,398
    
$
67,235
  
                 
Canada - 4.7%
          
Construction & Engineering - 4.7%
                
AtkinsRealis Group, Inc.
    
1,485
      
63,938
  
Stantec, Inc. (a)
    
759
      
66,744
  
             
130,682
  
Total Canada
      
130,682
  
                 
Finland - 2.2%
          
Machinery - 2.2%
                
Valmet Oyj
    
2,202
      
62,357
  
                 
Hong Kong - 2.2%
          
Commercial Services & Supplies - 2.2%
                
China Everbright Environment Group, Ltd.
    
133,000
      
60,099
  
                 
Japan - 7.5%
          
IT Services - 5.0%
                
Fujitsu, Ltd.
    
4,000
      
72,644
  
NEC Corp.
    
762
      
65,838
  
             
138,482
  
Specialty Retail - 2.5%
                
Nitori Holdings Co., Ltd.
    
580
      
68,867
  
Total Japan
      
207,349
  
                 
Netherlands - 5.0%
          
Construction & Engineering - 2.5%
                
Fugro NV
    
2,589
      
68,974
  
           
$
–
  
Professional Services - 2.5%
                
Arcadis NV
    
975
      
69,581
  
Total Netherlands
      
138,555
  
                 
Sweden - 4.3%
          
Building Products - 2.3%
                
Assa Abloy AB - Class B
    
2,112
      
64,222
  
           
$
–
  
Electronic Equipment, Instruments & Components - 2.0%
                
Hexagon AB - Class B
    
5,532
      
56,261
  
Total Sweden
      
120,483
  
                 
Switzerland - 2.5%
          
Machinery - 2.5%
                
Sulzer AG
    
465
      
69,096
  
                 
United Kingdom - 12.1%
          
Aerospace & Defense - 2.3%
                
Babcock International Group PLC
    
9,234
      
62,980
  
           
$
–
  
Construction & Engineering - 2.7%
                
Balfour Beatty PLC
    
14,151
      
76,559
  
           
$
–
  
Energy Equipment & Services - 2.4%
                
John Wood Group PLC (a)
    
25,005
      
65,520
  
           
$
–
  
Machinery - 2.3%
                
CNH Industrial NV
    
6,024
      
64,156
  
           
$
–
  
Specialty Retail - 2.4%
                
Kingfisher PLC
    
19,188
      
68,097
  
Total United Kingdom
      
337,312
  
                 
United States - 56.6%(b)
          
Chemicals - 2.2%
                
Ecolab, Inc.
    
261
      
60,210
  
           
$
–
  
Commercial Services & Supplies - 2.3%
                
Tetra Tech, Inc.
    
297
      
63,332
  
           
$
–
  
Construction & Engineering - 11.8%
                
AECOM
    
714
      
64,696
  
Fluor Corp. (a)
    
1,413
      
67,965
  
Granite Construction, Inc.
    
1,002
      
68,597
  
Great Lakes Dredge & Dock Corp. (a)
    
6,819
      
64,303
  
Sterling Infrastructure, Inc. (a)
    
531
      
61,787
  
             
327,348
  
Electrical Equipment - 7.1%
                
Eaton Corp PLC
    
192
      
58,520
  
EnerSys
    
594
      
65,298
  
Generac Holdings, Inc. (a)
    
462
      
71,924
  
             
195,742
  
Machinery - 12.1%
                
Allison Transmission Holdings, Inc.
    
843
      
74,681
  
Cummins, Inc.
    
231
      
67,406
  
Oshkosh Corp.
    
588
      
63,886
  
REV Group, Inc.
    
2,385
      
69,594
  
Xylem, Inc.
    
447
      
59,675
  
             
335,242
  
Professional Services - 7.3%
                
ICF International, Inc.
    
447
      
65,754
  
Jacobs Solutions, Inc.
    
450
      
65,858
  
NV5 Global, Inc. (a)
    
681
      
70,238
  
             
201,850
  
Semiconductors & Semiconductor Equipment - 2.0%
                
NVIDIA Corp.
    
483
      
56,521
  
           
$
–
  
Software - 2.7%
                
Tyler Technologies, Inc. (a)
    
132
      
74,990
  
           
$
–
  
Specialty Retail - 6.6%
                
Floor & Decor Holdings, Inc. - Class A (a)
    
516
      
50,568
  
Home Depot, Inc.
    
180
      
66,269
  
Lowe's Cos., Inc.
    
276
      
67,761
  
             
184,598
  
Trading Companies & Distributors - 2.5%
                
SiteOne Landscape Supply, Inc. (a)
    
474
      
69,526
  
Total United States
      
1,569,359
  
TOTAL COMMON STOCKS (Cost $2,172,002)
      
2,762,527
  
                 
SHORT-TERM INVESTMENTS - 0.4%
  
Shares
    
Value
  
Money Market Funds - 0.4%
                
First American Government Obligations Fund - Class X, 5.23% (c)
    
9,892
      
9,892
  
TOTAL SHORT-TERM INVESTMENTS (Cost $9,892)
      
9,892
  
                 
TOTAL INVESTMENTS - 99.9% (Cost $2,181,894)
      
2,772,419
  
Money Market Deposit Account - 0.0% (d)
      
369
  
Other Assets in Excess of Liabilities - 0.1%
      
1,645
  
TOTAL NET ASSETS - 100.0%
          
$
2,774,433
  
                 
Percentages are stated as a percent of net assets.
          
   
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.
  

AG - Aktiengesellschaft
NV - Naamloze Vennootschap
PLC - Public Limited Company

(a)
Non-income producing security.
(b)
To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting the country or region.
(c)
The rate shown represents the 7-day annualized effective yield as of July 31, 2024.
(d)
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of July 31, 2024 was 4.21%.


Summary of Fair Value Disclosure as of July 31, 2024 (Unaudited)
 
Procure Disaster Recovery Strategy ETF has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
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 following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2024:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
2,762,527
    
$
–
    
$
–
    
$
2,762,527
  
  Money Market Funds
    
9,892
      
–
      
–
      
9,892
  
Total Investments
  
$
2,772,419
    
$
–
    
$
–
    
$
2,772,419
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.