Procure Space ETF

The Fund seeks to track the price and yield performance, before fees and expenses, of the S-Network Procure Space Index (the Index). Index: The Index is governed by a published, rules-based methodology and is designed to measure the performance of a global investable universe of companies engaged in space-related business such as those utilising satellite technology. In addition to companies exclusively focused on space, the Index includes certain companies whose products and services span both space-related and other types of businesses. Eligibility: To be eligible for inclusion in the Index, companies must meet the following criteria as set out in the supplement to the prospectus for the Fund (the Supplement): be engaged in one or more of the following sectors; satellite-based telecommunications; satellite transmission of television and radio content; rocket and satellite manufacturing; deployment, operations and maintenance of satellite equipment; space and technology hardware; and space-based imagery and intelligence services; be listed on one of the eligible exchanges as set out in the index guideline for the Index; and meet the minimum market capitalisation and liquidity requirements. The Index is reconstituted and rebalanced on a semi-annual basis. The companies in the Index are assigned a "Modified Market Capitalisation" (as described in the Supplement) weighting with a maximum weighting of 4.8% and 2.4% in the Non-diversified Tranche and Diversified Tranche (such terms defined in the Supplement) respectively. Replication: The Fund will employ a "passive management" (or indexing) investment strategy and will seek to employ a replication methodology, meaning as far as possible and practicable, it will invest in the securities in proportion to the weightings comprising the Index. Dealing: Shares of the Fund (Shares) are listed on one or more stock exchanges. Typically, only authorised participants (i.e. brokers) can purchase Shares from or sell Shares back to the Fund. Other investors can purchase and sell Shares on exchange on each day the relevant stock exchange is open. Distribution policy: Income received by the Fund’s investments will not be distributed in respect of the Shares of this class and instead income will be accumulated and reinvested on behalf of the shareholders of the Fund. Recommendation: This Fund may not be appropriate for short-term investment. Currency: The base currency of the Fund is US Dollar. For full investment objectives and policy details, please refer to the Supplement.