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First Trust Cloud Computing ETF (SKYY)
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.
Index Description According to the Index Provider
  • The Index is a modified equal 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.
  • 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 equal weighted methodology called 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%.
  • The number of securities in the index is limited to 80 securities.
  • The Index is reconstituted and rebalanced quarterly.
Fund Overview
Fund TypeTechnology
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End09/30
Inception Price$20.16
Inception NAV$20.16
Rebalance FrequencyQuarterly
Expense Ratio0.60%
Current Fund Data (as of 9/29/2022)
Closing NAV1$61.07
Closing Market Price2$61.12
Bid/Ask Midpoint$61.09
Bid/Ask Premium0.02%
30-Day Median Bid/Ask Spread30.03%
Total Net Assets$2,998,559,806
Outstanding Shares49,100,002
Daily Volume342,969
Average 30-Day Daily Volume460,501
Closing Market Price 52-Week High/Low$119.56 / $59.85
Closing NAV 52-Week High/Low$119.58 / $59.81
Number of Holdings (excluding cash)66
Top Holdings (as of 9/29/2022)*
Holding Percent
Rackspace Technology, Inc. 3.90%
Arista Networks, Inc. 3.86%
International Business Machines Corporation 3.82%
Pure Storage, Inc. (Class A) 3.82%
Microsoft Corporation 3.67%
Amazon.com, Inc. 3.66%
Alphabet Inc. (Class A) 3.63%
DigitalOcean Holdings, Inc. 3.48%
Oracle Corporation 3.34%
Lumen Technologies Inc. 2.49%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 9/30/2022)4$0.0113
30-Day SEC Yield (as of 8/31/2022)50.22%
12-Month Distribution Rate (as of 8/31/2022)61.22%
Index Yield (as of 8/31/2022)71.45%
Fund Characteristics (as of 8/31/2022)9
Maximum Market Cap.$1,950,015
Median Market Cap.$12,191
Minimum Market Cap.$650
Bid/Ask Premium/Discount (as of 9/29/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 145 25 31 30
Days Traded at Discount 107 37 31 33
Top Sector Exposure (as of 9/29/2022)
Software 47.79%
IT Services 27.50%
Technology Hardware, Storage & Peripherals 7.41%
Communications Equipment 6.33%
Interactive Media & Services 4.23%
Internet & Direct Marketing Retail 3.68%
Diversified Telecommunication Services 2.50%
Health Care Technology 0.56%
Hypothetical Growth of $10,000 Since Inception (as of 9/29/2022) *