Procure Space ETF

Procure Space ETF (UFO) is an index fund from ProcureAM. It tracks the S-Network Space Index and invests mostly in companies that earn at least half their revenue or profit from space-related businesses, with a heavy tilt toward satellite technology. It charges 0.75% a year, well above the 0.44% average of similar funds. It is also very volatile: it lost about half its value between 2021 and 2023, then gained 67.9% in 2025.

• Over the year to Oct 27, 2026, UFO returned +6.8%, 2nd of 8 among similar funds.
• Its 5-year annualized return was +8.3%.
• In the 2020 COVID crash it fell 48.2% and regained its old high 10.1 months after the low.
• Its worst full calendar year was 2022 (-25.9%); its best was 2025 (+67.4%).
• The deepest fall in its price history was 50.3% (Jun 25, 2021 to Oct 27, 2023), recovered by Jul 7, 2025.

As of Jul 31, 2026, the fund held 64 securities; the ten largest made up 48.35% of assets. It also reported 13.23% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.

• Over the three months to Jul 31, 2026, investors added a net $20.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +26.65%, -22.17%, -13.71%.

Procure Space ETF, from ProcureAM, is an index fund. It tries to match the S-Network Space Index, before fees, rather than picking stocks. VettaFi, an unaffiliated firm, runs the index under fixed rules. At least 80% of the fund's net assets go to index companies earning at least half their revenue or profit from space-related work, such as satellite communications, satellite TV and radio, rocket and satellite manufacturing, ground equipment, and space imagery.

The index is global and includes companies of all sizes. As of January 30, 2026, U.S. companies made up about 72.9% of its components. Each stock's weight starts from company size, counting only freely traded shares, then is adjusted for how much of its revenue comes from space. As of December 31, 2025, the index was concentrated in satellite-technology companies. The fund is "non-diversified," so a few companies can carry heavy weight.

The fund need not hold every index stock. It may own a representative sample, substitute non-index stocks when rules or thin trading interfere, and trade ahead of scheduled index additions and removals. It uses no leverage or options. It may lend up to one-third of its assets to brokers for extra income; the roughly 13% held in cash as of July 31, 2026, is likely collateral from such loans.

• UFO charges 0.75% a year, versus an average of 0.44% for the similar funds below (7th of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $930 over 10 years (assuming a 5% annual return).

UFO is a narrow, non-diversified fund that holds one theme, and its drops have been much deeper than the broad market's.

UFO could add a small stake in satellite, launch and space hardware companies, which broad stock funds hold only in small amounts. The trade-off is sharp swings. It launched in 2019, so it has no record from the 2008 crisis. In the 2020 COVID crash it fell 48% and took about 10 months to recover. In the 2022 bear market it fell 33% and took about 28 months to recover. 2022 was also its worst calendar year, at -25.9%. Its deepest drop was 50%, from June 2021 to October 2023, and it did not fully recover until July 2025. Selling during a slump could lock in heavy losses. Income is small: the yield over the past 12 months was 0.37% as of October 27, 2026, paid twice a year. The 0.75% fee would cost $930 over 10 years in the SEC's standard $10,000 example. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.