PRNT vs WRND

PRNTDThe 3D Printing ETF

WRNDBNYLI Global Equity R&D Leaders ETF

In short

PRNT A pure bet on 3D printing: roughly 60 printer makers, software firms and materials suppliers across the US, Taiwan and developed markets, followed by index rather than picked by a manager. Trading since 2016.

WRND Most innovation funds sell you a story. WRND buys receipts: roughly 200 companies worldwide picked on what they actually spend on R&D and whether that spending earns a return, at a fee well under the thematic norm.

Stated mandate

PRNT The Fund seeks to closely match, before fees and expenses, the performance of the Total 3D-Printing Index. It uses an indexing approach and generally replicates the Index by holding its securities in approximately the same proportions.

WRND The Fund seeks to track, before fees and expenses, the price and yield performance of the IQ Global Equity R&D Leaders Index. Its passive strategy targets innovative companies worldwide based on high research and development spending.

Why people hold it

• PRNT Whole-portfolio exposure to one theme. No mega-cap ballast diluting the story, just roughly 60 names tied to the 3D printing chain across the US, Taiwan and developed markets.ark-funds.com
• Rules first, hunches never. It tracks the Total 3D-Printing Index, so holdings come from published methodology instead of a manager's conviction.ark-funds.com
• Launched in 2016, a long run for a theme this narrow. Plenty of thematic funds never see a full market cycle.

• WRND 0.18% a year against a 0.56% median for its global thematic peers. Innovation exposure without the boutique markup.newyorklifeinvestments.com
• Selection leans on the income statement: R&D intensity paired with return on invested capital, favoring firms that turn research budgets into results.newyorklifeinvestments.com
• Roughly 200 names from a global universe, one of three R&D-screened funds New York Life launched in 2022 rather than a one-off experiment.businesswire.com

Worth knowing

• PRNT At 0.66% a year, it costs more than the typical global thematic fund. Narrow niches rarely come cheap.
• Modest asset base and light trading. Spreads can widen, so limit orders matter more here than in a mega-cap index fund.
• One theme, roughly 60 stocks, many of them small industrials. Swings run bigger than a broad equity fund's, in both directions.

• WRND Small and lightly traded, so bid/ask spreads tend to run wider than on mainstream global index funds.
• Weighting by R&D dollars, with a cap on any single position, tilts the book toward the world's largest research spenders.businesswire.cometfstrategy.com
• Distributions arrive quarterly, but income isn't the mandate; the index screens on research spending, not payouts.

Full PRNT profile⁠

Full WRND profile⁠