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Morningstar

Procure Space ETF UFO

Morningstar Medalist Rating
Medalist Rating as of | See Procure Investment Hub

Morningstar’s Analysis UFO

Will UFO outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable UFO’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the UFO management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of UFO’s parent organization’s priorities and whether they’re in line with investors’ interests.

Procure Space ETF’s management team is rated Average, but a solid investment process still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings UFO

More UFO Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 50.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Garmin Ltd

5.38 1.7 Mil
Technology

EchoStar Corp Class A

5.33 1.7 Mil
Technology

Globalstar Inc

5.31 1.6 Mil
Communication Services

TomTom NV

5.27 1.6 Mil
Technology

MDA Ltd

5.10 1.6 Mil
Industrials

Trimble Inc

5.04 1.6 Mil
Technology

SKY Perfect JSAT Holdings Inc

5.03 1.6 Mil
Communication Services

Eutelsat Communications

4.96 1.5 Mil
Technology

Iridium Communications Inc

4.67 1.4 Mil
Communication Services

SES SA DR

4.53 1.4 Mil
Communication Services