ProcureAM Celebrates Earth Day with Expense Reduction on Natural Disaster Recovery ETF

FIXT ETF offers unique opportunity to invest in risk mitigation and recovery efforts from natural disasters

LEVITTOWN, PA / ACCESSWIRE / April 18, 2024 / In honor of Earth Day, ProcureAM LLC, advisor to the Procure Disaster Recovery Strategy ETF (ticker:FIXT), will voluntarily and temporarily reimburse all fund expenses, effective April 22^nd, 2024. The advisor will voluntarily pay all expenses of the fund so that the fund's total management fee and other operating expenses, excluding market impact, trading, commissions and taxes expenses remain at zero until the earlier of (1) the fund reaches $50 million in total net assets or (2) October 31, 2024, whichever occurs first. This voluntary and temporary reduction of FIXT expenses to zero is in addition to the contractual obligations of the advisor's Expense Limitation Agreement to reduce all fees and expenses to an amount not exceeding 0.75% of the fund's daily net assets through February 28, 2025.

During this promotional period, the daily net asset value (NAV) of the ETF will not reflect any daily management fee deductions or other fund expenses, as ProcureAM will absorb these ETF fees and expenses. This initiative will not be shown in the fund's prospectus but is highlighted directly through this press release.

"This Earth Day, we're not just celebrating our planet, we're protecting it. By removing the management fee and other expenses on FIXT, we aim to make it easier for investors to support companies that are protecting communities against the risk of natural disasters and leading the recovery efforts following such events," said Andrew Chanin, CEO of ProcureAM. "These companies address immediate threats and develop long-term solutions that enhance resilience against natural disasters. Our decision to waive FIXT's management fee and pay the fund's other expenses reflect our commitment to supporting these critical efforts."

FIXT invests in companies across the entire spectrum of natural disaster management, including detection, prevention and recovery efforts. Holdings include companies like AECOM* (ACM), which designs and builds disaster resilient infrastructure, and Generac (GNRC), which provides mobile and standby generators. Additionally, companies like Stantec (STN CN) designs and builds resilient water systems, infrastructure and sustainable transportation, Xylem* (XYL) is working to reduce water scarcity, data analysis and forecasts of rising water levels, and water decontamination, and Ecolab* (ECL) is positioned to decontaminate water supplies, provide ground treatments and get water systems operational.