ARK Investment Management LLC, begun trading the first ever 3D Printing ETF, The 3D Printing ETF (BATS: PRNT) on Tuesday, July 19, 2016. Here is a synopsis of the new ETF:
FUND INFORMATION:
| Symbol: PRNT | Exchange: BATS |
| Name: The 3D Printing ETF | Net Expense Ratio: 0.66% |
FUND OBJECTIVE:
The 3D Printing ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Total 3D-Printing Index.
REFERENCE INDEX:
The Total 3D-Printing Index is designed to track the price movements of stocks of companies involved in the 3D printing industry. The Index has been formulated and licensed to the Fund by ARK’s Index Products Group and is calculated, published and distributed by Solactive AG.
The Index is composed of equity securities and depositary receipts of exchange listed companies from the U.S., non-U.S. developed markets and Taiwan that are engaged in 3D printing related businesses within the following business lines:
(i) 3D printing hardware,
(ii) computer aided design (CAD) and 3D printing simulation software,
(iii) 3D printing centers,
(iv) scanning and measurement, and
(v) 3D printing materials.
The Index assigns a predetermined weighting to each business line and all companies within each business line are equally weighted within the business line. As of January 22, 2016, the Index included 35 securities of companies with a market capitalization range of between approximately $77.1 million and $404.8 billion and a weighted average market capitalization of $16.6 billion.
At least 80% of the companies in the Index derive at least 50% of their earnings or revenues or at least 50% of their assets are devoted to the development or distribution of equipment, materials, and software primarily used in 3D printing or 3D printed products. In addition, at least 80% of the assets of the Fund will be comprised of companies that derive at least 50% of their earnings or revenues or at least 50% of their assets are devoted to the development or distribution of equipment, materials, and software primarily used in 3D printing or 3D printed products. As of January 22, 2016, the Index was concentrated in the machinery and software industries.
Index Top Holdings (07/18/16):
| AM3D GY SLM Solutions Group AG | 5.0% |
| ARCM SS Arcam AB | 5.0% |
| DDD UN 3D Systems Corp | 5.0% |
| GOE FP Groupe Gorge | 5.0% |
| HPQ UN HP Inc | 5.0% |
| ONVO UA Organovo Holdings Inc | 5.0% |
| SSYS UW Stratasys Ltd | 5.0% |
| VJET UN voxeljet AG | 5.0% |
| XONE UQ ExOne Co | 5.0% |
| KTWO UW K2M Group Holdings Inc | 5.0% |
Industries:
| Machinery | 28.1% |
| Software | 26.7% |
| Technology Hardware, Storage & | 15.2% |
| Electronic Equip., Instruments | 8.4% |
| Health Care Equipment & Suppli | 6.3% |
| Biotechnology | 5.0% |
| Household Durables | 2.6% |
| Professional Services | 2.6% |
| Semiconductors & Semiconductor | 2.6% |
| Electrical Equipment | 1.3% |
| Chemicals | 0.8% |
| Metals & Mining | 0.5% |
Useful Links:
PRNT Home Page
Category:
ETFtrack comment:
Here is a comment from Catherine D. Wood, ARK Founder, Chief Executive Officer and Chief Investment Officer:
“ARK’s research shows that the 3D printing industry has one of the highest growth projections in the economy. As the technology evolves and costs continue to decline, the 3D printing industry has the potential to steal market share from traditional manufacturing and transform every sector of the economy. We are excited to bring this truly innovative fund to the market!”