Weakness in The 3D Printing ETF's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative. The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.  

 The strategy gets a Below Average Process Pillar rating, after recently upgrading from Low. Independent of the rating, analysis of the strategy's portfolio shows it has maintained an underweight position in quality exposure and an overweight in volatility exposure compared with category peers. Low quality exposure is attributed to stocks with higher financial leverage and lower profitability. And high volatility exposure is rooted in stocks that have a higher standard deviation of returns. The team managing this passive strategy earns a Below Average People Pillar rating. The strategy's parent organization earns the firm a Below Average Parent Pillar rating, and this rating is inherited from vehicles belonging to the same branding entity and is indirectly assigned by an analyst.

Analyst Rating

Desktop Metal

ANSYS

Altair Engineering

FARO Technologies

Proto Labs

Autodesk

DENTSPLY SIRONA

Stratasys

Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category index on a risk-adjusted basis over the long term. The 3D Printing ETF earns a Below Average Process Pillar rating. The process benefits from the firm's five-year retention rate of 100% over the period. However, the rating is limited by the fund's weak long-term risk-adjusted performance. This can be seen in its five-year alpha calculated relative to the category index, which suggests that the process has struggled over that period. Management team experience, which averages one year at this fund, also detracts from the process.

The investment strategy as stated in the fund's prospectus is:  The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Total 3D-Printing Index ("index").  The fund normally invests at least 80% of its total assets in securities that are included in the fund's benchmark index, and depositary receipts representing securities included in the index or underlying stocks in respect of depositary receipts included in the index. The index is designed to track the price movements of stocks of companies involved in the 3D printing industry. The fund is non-diversified. 

 The portfolio is overweight in industrials and healthcare relative to the category average by 20.8 and 11.3 percentage points, respectively. The sectors with low exposure compared to category peers are technology and communication services, underweight the average by 23.9 and 9.4 percentage points of assets, respectively. The portfolio is positioned across 53 holdings and is less top-heavy than peers. Specifically, 41.1% of the strategy's assets are concentrated within the top 10 fund holdings, as opposed to the typical peer's 52.3%. And finally, in terms of portfolio turnover, looking at year-over-year movements, 45% of the fund's holdings have turned over, whether through increasing, decreasing, or changing a position.

Below Average

Process

ARK’s team receives a Below Average People Pillar rating. The team benefits from the firm's five-year retention rate of 100%. However, the rating is limited by the experience of the management team, which averages one year at this fund. The parent firm's five-year success ratio of 0% also weakens the team. The measure indicates the percentage of a firm's funds that survived and outperformed their respective category's median return for the period. The parent's modest success ratio suggests that the firm could do better across its fund lineup.

People

ARK Investment Management is a thematic-investing specialist that has done little to mitigate the significant risks borne by its clients. It earns a downgrade of its Parent rating to Below Average from Average.

ARK's main draw is its founder, chief executive officer, and sole portfolio manager Cathie Wood, who since launching the firm in 2014 has presided over its tremendous growth in recent years while establishing a broad media presence and enthusiastic following. Despite horrendous results across its lineup of six actively managed exchange-traded funds over the past 12 months, the firm has shown remarkable asset retention but little inclination to prevent future implosions. It had roughly $55 billion in assets under management as of March 2022.

The firm's risk-management resources are below industry standards. Its assets are mostly (if not entirely) tied to nondiversified portfolios that make huge industry bets, embrace stocks with high volatility, and are highly correlated to one another. The firm has no risk-management professionals to either define risk tolerance, monitor exposures, or foresee possible downsides.

It has in place a poor succession plan for 66-year-old Wood, the firm's majority owner and lone portfolio manager. Her would-be successor's 15 years of industry experience include none as a portfolio manager. Dovetailing with that key-person risk is the firm's inability to develop and retain talent on the analyst team.

The firm has been shareholder-friendly in some ways. Its ETFs are cost competitive relative to actively managed rivals, and Wood personally invests in them, which helps align interests.
But overall, the firm's stewardship falls short. A capability to manage its myriad risks and a culture that fosters career growth within the research team would do more.

Parent

The 3D Printing ETF

PRNT tracks a tiered, equal-weighted index composed of stocks that are directly involved in 3D printing and 3D printing-related businesses.

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Cathie Wood criticizes the US Federal Reserve for its monetary policy mistakes and argues that deflation, not inflation, should be the concern. Wood presents charts showing that technologically driven deflation has made commodities the cheapest they have been since the 1960s.

Cathie Wood Speaks, ARK Investors Should Listen

The 3D Printing ETF by Ark Invest is a potential investment option for the additive manufacturing sector. The ETF price has fallen due to global PMI data weakness and a high-interest rate environment. Additive manufacturing has growth potential, especially in large-scale production and the healthcare industry.

PRNT: A Long-Term Opportunity With Short-Term Uncertainties

PRNT invests in companies involved in 3D printing technologies. Many sectors could incorporate 3D printing on a greater scale in the future, but this prospect is only so graspable while 3D printing still faces several profitability hurdles.

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Last year was an interesting one when it comes to space investing. On a down note, total investments in space-related projects and technology declined by $45 billion from 2021, but the 2022 total of $424 billion is still impressive.

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3D printing is one of the forefathers of the disruptive technology realm. A result of that status is that it's one of the first to intersect with other industries — a playbook it is arguably mastering.

More Evidence of 3D Printing Healthcare Utility

The PRNT ETF has gained momentum to start the year. 3D Printing technology incorporating artificial intelligence is adding to growth opportunities.

PRNT: 3D Printing Is At The Intersection Of Robotics And Artificial Intelligence

As the the market continues to try and slough off the effects of inflation, there are growth opportunities to explore that could pay dividends in the long-term horizon. One of those is 3D printing, which is experiencing global growth.

Capitalize on 3D Printing's Global Growth With This ETF

As one of the technologies that has the potential to revolutionize not just one or two industries, but whole economic sectors, 3D printing is an area investors should be keeping an eye on. Recent revenue news from quick-turn 3D printing firm Protolabs (PRLB) has seen the firm's stock rise 6.

Quick-Turn 3D Printing Firm Protolabs Sees Revenue Boost

Disruptive innovation investing may have itself been disrupted by the past year's broad market selloff, but with investors pricing in slower rate hikes from the Fed, markets are turning back to tech.

Access $500 Billion Opportunity in 3D Printing ETF PRNT

Finding the right tech exposure is hard these days, with so much concern about rising rates and fear since last year's broad market selloff that hit tech so hard. Innovation keeps moving forward, whether the market environment is turbulent or not.

Keep a 3D Printing Tech ETF Like PRNT on Your Radar

The world of innovative tech stocks has borne the brunt of a lot of this year's uncertainty, as interest rate hikes have taken their toll.

Access This Bullish Tech Stock in PRNT

The ARK Innovation ETF (ARKK) accreted nearly half a billion dollars from investors in September. ARK Invest's flagship fund saw $441 million in net inflows in September, bringing the year-to-date net inflows to $1.4 billion.

ARKK Takes in Nearly Half Billion in September Flows

Fund with $500 minimum will be tradable on Titan.

Wood's ARK Ventures Into Low-Cost Private Equity Investing

Cathie Wood's decision to leave active management of ARK Investment's 3D Printing ETF (BATS: PRNT ) is raising concern about the whole sector. 3D printing stocks on the whole have done very poorly this year.

Is Cathie Wood Giving Up on 3D Printing Stocks?

ARK Invest has shaken up the management of its passive ETF offerings by removing CIO Cathie Woods from the day-to-day management of the funds.

ARK Changes Management on Passive ETF Lineup

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Buffett is famous for his incredible investment ideas. His several investments beat the S&P 500 this year.

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Early-stage technology investment returns are likely to be highly positively skewed, underscoring the importance of a small number of contributors in ARK's portfolios. Limiting individual position weights results in an implicit mean reversion strategy, which is more suited to cyclical value type investments.

ARK Invest: Attempting The Improbable

3-D printing has long been a disruptive technology known for venturing into new arenas. That status remains true today, and it carries with it investment implications.

3-D Printing Again Venturing Into Next-Level Concepts

3D printing is one of the original disruptive technologies, and while it's being overshadowed by newer entrants to the disruptive fray, 3D printing is evolving and remains highly relevant today. That sets the stage for a compelling long-term outlook for the technology, and that could be beneficial to the ARK 3D Printing ETF (CBOE: PRNT).

Powerful Future Ahead for 3D Printing

While there's optimism that global supply chain issues will ease this year, pinpointing exactly when that will happen is difficult, and for now, those problems are still around. It might not be a silver bullet or a panacea, but 3D printing could make contributions in terms of loosening supply chains, and if that solution is [.

3D Printing Pertinent in Solving Supply Chain Woes

Let's take a look at how ARK Invest ETFs performed in 2021.

How Did Cathie Wood's ARK Invest Perform in 2021?

The ARK 3D Printing ETF (CBOE: PRNT) often goes overlooked in the ARK Investment Management stable of exchange traded funds, but for tactical investors looking to hone in on a specific disruptive growth concept, the fund merits consideration. PRNT follows the Total 3D-Printing Index and was one of the first ETFs to isolate a single disruptive [.

Healthcare Innovation Fertile Territory for 3D Printing

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Investment strategies geared to the future evaluate complex dynamics that can evolve rapidly. As innovation's market share has grown, investment capacity - as measured by average days to trade - also has improved significantly.

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Materialise NV

Nano Dimension

3D Printing stocks can be played several ways but what can't be denied is that massive growth is now arriving in the sector. The post 7 Best 3D Printing Stocks to Buy for Printing Profits in 2022 appeared first on InvestorPlace.

7 Best 3D Printing Stocks to Buy for Printing Profits in 2022

Market volatility affects all companies, but can be particularly fraught for innovative firms. It is not unexpected that companies that are creating ideas that will define the future could hit challenges in the present.

News for The 3D Printing ETF ETF (PRNT)