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Security Profile
- Security Type
- Index ETF
- CUSIP
- 74280R205
- Market Cap
- Micro Cap · $2 Million
- IPO
- 4/11/2019
Fund Description: Procure Space ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Procure ETF Trust II, an open-end investment management company. INVESTMENT OBJECTIVE: The Procure Space ETF seeks to provide investment returns that closely correspond to the price and yield performance of the S-Network Space Index. INDEX DESCRIPTION: The S-Network Space Index tracks a portfolio of companies engaged in space-related businesses, including those companies utilizing satellite technology. The Index is focused on U.S. companies, which account for approximately 60% of the index components. In addition, the Index is considered concentrated in the securities of companies that utilize satellite technology, which currently account for approximately 69% of the index weight. The Index is a modified capitalization-weighted, free float- and space revenue percentage-adjusted equity index that is created and maintained according to a rules-based methodology and a predetermined selection process. A company to be in a space-related business if its product(s) or service(s) either have as their essential purpose or are entirely dependent upon space-based functions. Space-based functions include any kind of function carried out by hardware, software, or humans physically located in space and also include include satellite-based telecommunications; transmission of television and radio content via satellite; rocket and satellite manufacturing, deployment, operation, and maintenance; manufacturing of ground equipment that is used with satellite systems; space technology and hardware; and space-based imagery and intelligence services. The Index is reconstituted semi-annually, FUND STRATEGY: The Fund, using a passive or indexing investment approach, seeks investment results that correlate to the performance of the Index. in certain circumstances, it may not be possible or practicable to purchase all of the component securities that make up the Index. In those circumstances, the Fund may purchase a sample of the component securities in the Index. There may also be instances when the Advisor may choose to overweight another component security in the Index or purchase (or sell) securities not in the Index. FUND MANAGEMENT: ProcureAM, LLC serves as the investment advisor to the Fund. Penserra Capital Management LLC serves as the sub-advisor to the Fund.
Notes: Effective on December 9, 2019, the Procure Space ETF will voluntarily transfer its primary listing to the NASDAQ Stock Market and will no longer be listed on the NYSE Arca, Inc. The transfer is expected to take place on December 6, 2019, after market close. The Fund expects to begin trading on the NASDAQ Stock Market on December 9, 2019, after market open, using its current ticker symbol, “UFO”. Shares of the Fund will continue to trade on the NYSE Arca until the transfer is completed.
Company Contact
- Headquarters
- 16 Firebush Road, Levittown, PA 19056
- Phone
- 215-943-1777 · Toll-Free 866-690-3837
- Investor Relations
- 866-690-3837 · info@ProcureAM.com