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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 Cloud Computing Index.
There can be no assurance that the Fund's investment objectives will be achieved.
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The index is a modified market capitalization weighted index designed to track the performance of companies actively involved in the cloud computing industry.
To be included in the index, a security must be engaged in a business activity supporting or utilizing the cloud computing space, listed on an
index-eligible global stock exchange and have a market capitalization of at least $100 million.
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All securities are then classified according to the following three business segments:
- Pure Play Cloud Computing Companies: Companies that are direct service providers for "the cloud" (network hardware/software, storage, cloud computing
services) or companies that deliver goods and services that utilize cloud computing technology.
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Non Pure Play Cloud Computing Companies: Companies that focus outside the cloud computing space but provide goods and services in support of the cloud
computing space.
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Technology Conglomerate Cloud Computing Companies: Large broad-based companies that indirectly utilize or support the use of cloud computing technology.
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The overall weight for each of the three business segments is calculated as follows:
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10% of the index weight is allocated to technology conglomerate companies.
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The index weight that is allocated to non pure play companies is calculated by dividing the non pure play companies' market capitalization by the sum of the pure play and non pure play market capitalizations.
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The remainder of the index weight is allocated to pure play companies.
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Stocks are equally weighted within each of the three classifications.
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The index is reconstituted and rebalanced semi-annually.
Ticker | SKYY |
Fund Type | Technology |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
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 | Semi-Annual |
Expense Ratio | 0.60% |
Closing NAV1 | $55.83 |
Closing Market Price2 | $55.86 |
Bid/Ask Midpoint | $55.84 |
Bid/Ask Premium | 0.01% |
Total Net Assets | $1,996,099,798 |
Outstanding Shares | 35,750,002 |
Daily Volume | 169,596 |
Average 30-Day Daily Volume | 277,155 |
Closing Market Price 52-Week High/Low | $56.87 / $45.37 |
Closing NAV 52-Week High/Low | $56.84 / $45.35 |
Number of Holdings | 28 |
Maximum Market Cap. | $843,896 |
Median Market Cap. | $46,030 |
Minimum Market Cap. | $2,015 |
Price/Earnings | 38.87 |
Price/Book | 4.31 |
Price/Cash Flow | 23.84 |
Price/Sales | 3.64 |
Holding |
Percent |
Zynga Inc. |
5.99% |
Netflix, Inc. |
5.45% |
Teradata Corporation |
5.40% |
VMware, Inc. |
5.34% |
Equinix, Inc. |
4.83% |
salesforce.com, inc. |
4.73% |
Oracle Corporation |
4.67% |
Facebook, Inc. (Class A) |
4.64% |
Open Text Corporation |
4.62% |
Cisco Systems, Inc. |
4.51% |
Holdings are subject to change.
Past performance is not indicative of future results.
Among 183 funds in the Technology category. This fund was rated 5 stars/183 funds (3 years), 3 stars/174 funds (5 years).
Number of Days Bid/Ask Midpoint Above NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
12/31/2018 |
31 |
5 |
0 |
0 |
9/30/2018 |
45 |
0 |
0 |
0 |
6/30/2018 |
38 |
0 |
0 |
0 |
3/31/2018 |
41 |
0 |
0 |
0 |
Number of Days Bid/Ask Midpoint Below NAV
Quarter Ended |
0-49 Basis Points |
50-99 Basis Points |
100-199 Basis Points |
>=200 Basis Points |
12/31/2018 |
21 |
4 |
2 |
0 |
9/30/2018 |
18 |
0 |
0 |
0 |
6/30/2018 |
26 |
0 |
0 |
0 |
3/31/2018 |
20 |
0 |
0 |
0 |
The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.
Software
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37.44%
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Communications Equipment
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14.40%
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Entertainment
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12.61%
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Technology Hardware, Storage & Peripherals
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9.05%
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Interactive Media & Services
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9.04%
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IT Services
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8.39%
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Equity Real Estate Investment Trusts (REITs)
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4.86%
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Internet & Direct Marketing Retail
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4.21%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
SKYY |
13.49% |
10.54 |
0.98 |
1.70 |
0.81 |
S&P Composite 1500 Information Technology Index |
14.95% |
5.57 |
1.06 |
1.28 |
0.79 |
S&P 500 Index |
11.18% |
--- |
1.00 |
1.14 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
S&P Composite 1500 Information Technology Index - The Index is a capitalization-weighted index of companies classified by GICS as information technology within the S&P Composite 1500 Index. S&P 500 Index - The Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
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