Alan Meckler is the founder of trade show and media firm Inside 3D Printing and the chairman and CEO of Mediabistro Inc. (NASDAQ: MBIS), which made a strategic investment in Inside 3D Printing last November.
The 3D Printing and Technology Fund initially will be comprised of global, pure-play 3D printing companies that “develop, distribute or utilize 3D printing equipment and materials” for a variety of applications. The initial offering is limited to a single class under the ticker symbol TDPIX, and a minimum initial investment of $2,500 is required. There is no minimum on subsequent investments.
The fund’s adviser uses a “‘top down’ approach to create a universe of securities” for investment and a “bottom up” approach to create the fund’s investment portfolio. Likely inclusions are 3D Systems Corp. (NYSE: DDD) and Stratasys Ltd. (NASDAQ: SSYS), the two largest 3D printing companies by market cap.
The fund’s expense limitation is set at 1.25%, and according to the website:
The Fund intends to distribute substantially all of its net investment income annually and net-realized capital gains annually in December.
Shares of Mediabistro were up nearly 9% in early trading Tuesday, at $3.03 in a 52-week range of $0.80 to $5.43. The 52-week high came on the day of the announcement of Mediabistro’s investment in Inside 3D Printing.