"UFO tracks the S-Network Space Index, capturing companies that derive meaningful revenue from space-related activities. The fund launched April 11, 2019, carries an expense ratio of 0.75%, and holds 43 positions across roughly 70% U.S. and 30% international exposure."
"UFO has delivered 153% over the past year versus 30% for the S&P 500. That outperformance is driven by a handful of holdings, not broad-based sector strength."
"Planet Labs rose over 1,000% in the past year, fueled by four consecutive quarters of adjusted EBITDA profitability and backlog growth of 216% year-over-year."
The Procure Space ETF (UFO) is up nearly 28% year-to-date, contrasting with the S&P 500's 3% decline. UFO tracks the S-Network Space Index, focusing on companies with significant revenue from space activities. Launched in April 2019, it has an expense ratio of 0.75% and a dividend yield of 0.8%. The fund's main sectors are Industrials and Communication Services, with top holdings including Planet Labs and Boeing. UFO's strong performance is driven by a few key companies, particularly Planet Labs, which saw a 1,000% increase in the past year.
#space-investment #procure-space-etf #commercial-space-economy #s-network-space-index #high-risk-investment
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