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2024 Estimated Capital Gain Distributions
Certain First Trust First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Also, certain First Trust Exchange-Traded Funds are expected to pay short-term capital gain distributions in December. For a list of exchange-traded funds expected to pay a short-term capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - The First Trust Cloud Computing ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the ISE CTA Cloud Computing™ Index.
There can be no assurance that the Fund's investment objectives will be achieved.
- The Index is a modified theme strength-weighted index designed to track the performance of companies involved in the cloud computing industry. To be included in the index, a security must be classified as a cloud computing company by the Consumer Technology Association (CTA) and meet the following criteria:
- Minimum market capitalization of $500 million;
- Minimum free float of 20%;
- Minimum three-month average daily dollar trading volume (ADDTV) of $5 million.
- The security’s issuer must not be identified by the U.S. Securities and Exchange Commission as having used to audit its financial statements an accounting firm that has been identified by the Public Company Accounting Oversight Board (PCAOB) under the Holding Foreign Companies Accountable Act (HFCAA).
- Each security is then classified according to the following three business categories:
- Infrastructure-as-a-Service (IaaS): Companies that deliver cloud computing infrastructure – servers, storage, and networks – as an on-demand service.
- Platform-as-a-Service (PaaS): Companies that deliver a platform for the creation of software in the form of virtualization, middleware, and/or operating systems, which is then delivered over the Internet.
- Software-as-a-Service (SaaS): Companies that deliver software applications over the Internet enabling other companies to conduct their operations using the application.
- The Index employs a modified theme strength-weighted methodology using the cloud score weighting.
- At every index evaluation, each security has its cloud score calculated by receiving a score for each category (IaaS, PaaS, and SaaS), 1 if it is operating in that category and 0 if it is not. The maximum score that can be achieved is a 6 (3 for IaaS, 2 for Paas, 1 for Saas).
- Each company’s total score is divided by the total sum of the scores in the universe to determine the weight of each security.
- Individual security weights are capped at 4.5%.
- No Index security weight may be lower than 0.25%
- The number of securities in the index is limited to 80 securities.
- The index is reconstituted and rebalanced quarterly.
| Ticker | SKYY |
| Fund Type | Technology |
| Investment Advisor | First Trust Advisors L.P. |
| Investor Servicing Agent | Bank of New York Mellon Corp |
| CUSIP | 33734X192 |
| ISIN | US33734X1928 |
| Intraday NAV | SKYYIV |
| Fiscal Year-End | 09/30 |
| Exchange | Nasdaq |
| Inception | 7/5/2011 |
| Inception Price | $20.16 |
| Inception NAV | $20.16 |
| Rebalance Frequency | Quarterly |
| Total Expense Ratio* | 0.60% |
* As of 2/1/2024
The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's Statement of Additional Information for full details.
| Closing NAV1 | $124.60 |
| Closing Market Price2 | $124.63 |
| Bid/Ask Midpoint | $124.58 |
| Bid/Ask Discount | 0.02% |
| 30-Day Median Bid/Ask Spread3 | 0.06% |
| Total Net Assets | $3,762,863,215 |
| Outstanding Shares | 30,200,002 |
| Daily Volume | 255,860 |
| Average 30-Day Daily Volume | 177,813 |
| Closing Market Price 52-Week High/Low | $130.46 / $83.32 |
| Closing NAV 52-Week High/Low | $130.54 / $83.37 |
| Number of Holdings (excluding cash) | 63 |
| Holding |
Percent |
| Applovin Corp. (Class A) |
5.24% |
| Amazon.com, Inc. |
3.83% |
| Oracle Corporation |
3.82% |
| Arista Networks, Inc. |
3.60% |
| Pure Storage, Inc. (Class A) |
3.57% |
| International Business Machines Corporation |
3.48% |
| Alphabet Inc. (Class A) |
3.44% |
| Microsoft Corporation |
3.22% |
| Nutanix, Inc. (Class A) |
3.08% |
| Lumen Technologies, Inc. |
3.00% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
| Maximum Market Cap. | $3,148,375 |
| Median Market Cap. | $17,484 |
| Minimum Market Cap. | $1,190 |
| Price/Book | 8.15 |
| Price/Cash Flow | 25.59 |
| Price/Sales | 4.18 |
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
| Days Traded at Premium |
135 |
31 |
28 |
14 |
| Days Traded at Discount |
115 |
30 |
35 |
50 |
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Software
|
52.30%
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IT Services
|
19.77%
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Technology Hardware, Storage & Peripherals
|
8.34%
|
|
Communications Equipment
|
5.95%
|
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Broadline Retail
|
3.83%
|
|
Interactive Media & Services
|
3.44%
|
|
Diversified Telecommunication Services
|
3.00%
|
|
Professional Services
|
1.37%
|
|
Financial Services
|
0.78%
|
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Media
|
0.64%
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