ETF Evaluator:
Procure Space ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Miscellaneous Sector Over the Last Year
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Risk
Index
Risk
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ETF Details
Procure Space ETF Overview
Procure Space ETF (UFO) is a passively managed Sector Equity Miscellaneous Sector exchange-traded fund (ETF). Procure ETF Trust II launched the ETF in 2019.
The investment seeks investment results that correspond generally to the performance, before the fund's fees and expenses, of an equity index called the "S-Network Space Index".
The fund invests, under normal circumstances, at least 80% of its net assets in companies of the underlying index that receive at least 50% of their revenues or profits from space-related businesses. The underlying index is designed to serve as an equity benchmark for a globally traded portfolio of companies that are engaged in space-related business, such as those utilizing satellite technology. The fund is non-diversified.
About Procure Space ETF (UFO)
There are 3 members of the management team with an average tenure of 7.31 years: Christine Johnson (2019), Dustin Lewellyn (2019) and Ernesto Tong (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and FT Wilshire 5000 TR USD index with a weighting of 100%. Procure Space ETF has 68 securities in its portfolio. The top 10 holdings constitute 48.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Procure Space ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Procure Space ETF has 25.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 74.5% There is 25.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Procure Space ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $587 million in total assets, which is above the $294 million average for the Miscellaneous Sector category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
UFO Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Procure Space ETF expense ratio is above average compared to funds in the Miscellaneous Sector category. Procure Space ETF has an expense ratio of 0.75%, which is 3% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Procure Space ETF has a portfolio turnover rate of 51%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 45% for the Miscellaneous Sector category.
Recently, in the month of July 2026, Procure Space ETF returned -13.7%, which earned it a grade of D, as the Miscellaneous Sector category had an average return of -8.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Procure Space ETF has a trailing yield of 0.34%, which is below the 1.09% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Procure Space ETF Grades
Year to date, the ETF has returned 13.7%, 9.3 percentage points better than the category, which translates into a grade of A. The fund has returned 48.2% over the past year (grade of A), 31.6% over the past three years (grade of A) and 9.8% per year over the past five years (grade of A).
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UFO Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| UFO Return (NAV) | -13.7% | -14.9% | 48.2% | 31.6% | 9.8% | na |
| UFO Return (Price) | -13.6% | -15.1% | 48.2% | 31.7% | 9.9% | na |
| NAV +/- Price Return | -0.128% | 0.174% | 0.008% | -0.148% | -0.052% | na |
| Miscellaneous Sector Avg | -8.1% | -9.7% | 26.9% | 3.5% | -9.1% | 5.3% |
| UFO Grade (NAV) | D | D | A | A | A | na |
| +/- Category (NAV) | -5.6% | -5.3% | 21.2% | 28.1% | 18.9% | na |
| UFO Tax-Cost Ratio | na | na | 0.1% | 0.5% | 0.6% | na |
UFO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| UFO Return (NAV) | 13.7% | 67.9% | 26.5% | -2.5% | -25.9% | 7.6% | -2.1% | na | na | na | na |
| UFO Return (Price) | 13.4% | 67.4% | 27.2% | -2.4% | -25.9% | 7.1% | -2.2% | na | na | na | na |
| NAV +/- Price Ret | -0.020% | -0.009% | 0.027% | -0.039% | -0.002% | -0.056% | 0.034% | na | na | na | na |
| Miscellaneous Sector Avg | 4.4% | 30.9% | -12.7% | -3.8% | -34.7% | 9.9% | 62.0% | 25.7% | -13.2% | 27.3% | 0.5% |
| UFO Grade (NAV) | A | A | A | C | B | B | F | na | na | na | na |
| +/- Category | 9.3% | 37.1% | 39.2% | 1.3% | 8.8% | -2.3% | -64.1% | na | na | na | na |
| Risk Measures | |
| Beta: | 1.92 |
| R-Squared: | 39% |
| Standard Deviation: | 39.0% |
| Category Risk Index: | 1.01 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 3.18 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.3% |
| Total Assets: | $ 587 Mil |
| Share Class Assets: | $ 587 Mil |
| Turnover: | 51.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 7.3 years | |||
| Average Tenure: 7.3 years | |||
| Managers (Year): Johnson Christine (2019), Lewellyn Dustin (2019), Tong Ernesto (2019) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 68 |
| % in Top 10 Holdings: | 48.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 25.1% |
Portfolio Allocation |
|
| Domestic Stock: | 74.5% |
| Foreign Stock: | 25.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Procure ETF Trust II |
| Phone Number: | 866-690-3837 |
| Website: | https://procureetfs.com/ |
| Inception Date: | April 10, 2019 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.73% |
