Key stats
About Procure Disaster Recovery Strategy ETF
Expense ratio
0.75%
Home page
Inception date
Jun 1, 2022
FIXT provides exposure to companies that help in recovery from natural disasters, such as hurricanes, wildfires, floods, and earthquakes. The fund tracks an index of all-cap stocks and depository receipts listed globally, excluding those listed in Taiwan or Korea. The index consists of sub-industries categorized by ICE as home improvement, electrical components and power equipment (e.g., develops and produces emergency/backup power generators and batteries), and companies with government contracts that aid in natural disaster relief or mitigation within the last five years, as determined by keyword hits in publicly available data. Conversely, the index excludes: diversified defense contractors, aerospace engineering & components, industrial conglomerates, and communication equipment or services. The index is equally-weighted and rebalanced quarterly. A reconstitution of the index is conducted annually each March. Up to 1/3 of the portfolio can be used for stock lending. Prior to February 15, 2023, the fund traded under the ticker symbol, FEMA. Note: the fund is neither associated with nor endorsed by the Federal Emergency Management Agency.
Classification
What's in the fund
Exposure type
Industrial Services
Producer Manufacturing
Retail Trade
Stock breakdown by region