3D Printing
ALTAR
Score™
-0.3% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
54.7x P/Sales
ratio
1.9x
P/BV
ratio
3.1x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The 3D Printing ETF tracks a tiered, equal weighted index composed of stocks that are directly involved in 3D printing and 3D printing-related businesses.

FUND BASICS
Category Global Equities
Fund Sponsor ARK
Website www.ark-funds.com
Inception date Jul 19, 2016
Assets (mns) $34
Currency USD
Expense ratio 66 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 53
Wgt avg mkt cap (mns) $45,230
Large cap (>$10bn) 36.5%
Mid cap ($2-10bn) 21.7%
Small cap (<$2bn) 41.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
RENISHAW PLC 7.1 %
HP INC. 7.0 %
MGI DIGITAL GRAPHIC TECHNOLOGY 6.4 %
3D SYSTEMS CORP 6.3 %
SLM SOLUTIONS GROUP AG 6.2 %
STRAUMANN HOLDING AG-REG 6.0 %
EXONE CO/THE 5.9 %
STRATASYS LTD. 5.5 %
PARAMETRIC TECHNOLOGY CORP 3.3 %
AUTODESK INC 3.2 %
Total 56.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 62.1 %
FRANCE 9.4 %
GERMANY 8.6 %
BRITAIN 7.1 %
SWITZERLAND 7.0 %
BELGIUM 2.7 %
SWEDEN 1.5 %
IRELAND 0.9 %
NETHERLANDS 0.1 %
JAPAN 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.4% -3.1% -- -- 2.2%

Market Correlations
versus... Beta R-squared
S&P500 1.47 62%
MSCI EAFE 1.46 51%
MSCI Emg. Mkts. 0.96 37%

Technical Indicators
Recent close $21.41
30d moving avg. $20.88
Annualized volatility 22.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.74%
ADV underlying (mns) $6,791

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the 3D Printing ETF based on the alternatives' overlap in portfolio holdings with PRNT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PRNT Expense: 66 bp ALTAR Score™: -0.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PRNT
Ticker Fund
Name
Overlap1
vs PRNT
(%)
Expense
ratio
(bp)
Savings
vs PRNT
(bp)
ALTAR
Score™
(%)
ALTAR
vs PRNT
(%)
ARKQ ARK Industrial Innovation 19.6 75 -9 1.0 +1.3
GMAN Goldman Sachs Motif Manufacturing Revolution 13.0 50 16 4.7 +5.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics 12.3 65 1 2.6 +2.9
ARKK ARK Innovation 11.7 75 -9 -4.7 -4.4
ROBO Robo Global Robotics & Automation 10.9 95 -29 3.7 +4.0
IRBO iShares Robotics and Artificial Intelligence 10.7 47 19 2.5 +2.8
DTEC ALPS Disruptive Technologies 9.9 50 16 3.5 +3.8
XTH SPDR S&P Technology Hardware 9.1 35 31 5.6 +5.9
PZD Invesco Cleantech 8.9 68 -2 4.8 +5.1
IGV iShares N. American Tech-Software 8.8 46 20 3.1 +3.5
GIGE SoFi Gig Economy 7.2 59 7 0.5 +0.8
NULG NuShares ESG Large-Cap Growth 7.0 35 31 4.1 +4.4
TDV ProShares S&P Technology Dividend Aristocrats 6.4 45 21 5.2 +5.5
CACG ClearBridge All Cap Growth 6.2 53 13 4.7 +5.0
RYT Invesco S&P Equal Weight Technology 6.2 40 26 6.5 +6.8
JHMT John Hancock Multifactor Technology 6.2 40 26 6.0 +6.3
CATH Global X S&P 500 Catholic Values 6.1 29 37 5.9 +6.2
ESG FlexShares STOXX US ESG Impact Index Fund 6.1 32 34 5.4 +5.7
DRIV Global X Autonomous & Electric Vehicles 6.0 68 -2 7.6 +7.9
PSET Principal Price Setters 6.0 29 37 5.5 +5.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
3D Printing
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 1.0 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 66 bp
Equals: ALTAR Score -0.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 CATEGORY
AVERAGE
1.54
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.