Key stats
About First Trust Cloud Computing ETF
Home page
Inception date
Jul 5, 2011
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
SKYY was the first mover in the ETFs space to offer exposure to cloud computing stocks. Its index takes all stocks that fall into any one of 3 groups per its definitions: Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS). The index applies additional size, liquidity, and tradability screens. The index assigns scores of 3, 2 and 1, respectively, to these groups. A stock can receive more than one assignment. A stocks weight in the index is its score divided by the sum of all scores which is then modified so that no single security exceeds 4.5% weight. Firm size (market cap) has no direct bearing in weighting. Prior to June 24, 2019 the fund tracked the ISE Cloud Computing Index which used a different methodology.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stocks99.94%
Technology Services75.11%
Electronic Technology17.22%
Retail Trade3.91%
Commercial Services1.87%
Communications1.82%
Bonds, Cash & Other0.06%
Cash0.06%
Stock breakdown by region
North America97.48%
Europe1.48%
Middle East1.04%
Latin America0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SKYY invests in stocks. The fund's major sectors are Technology Services, with 75.11% stocks, and Electronic Technology, with 17.22% of the basket. The assets are mostly located in the North America region.
SKYY top holdings are Microsoft Corporation and Pure Storage, Inc. Class A, occupying 4.68% and 4.37% of the portfolio correspondingly.
SKYY last dividends amounted to 0.01 USD. The quarter before, the issuer paid 0.04 USD in dividends, which shows a 220.35% decrease.
SKYY assets under management is 3.34 B USD. It's risen 19.39% over the last month.
SKYY fund flows account for −197.21 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
SKYY shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Jul 5, 2011, and its management style is Passive.
SKYY expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
SKYY follows the ISE Cloud Computing Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SKYY invests in stocks.
SKYY price has risen by 15.02% over the last month, and its yearly performance shows a 16.33% increase. See more dynamics on SKYY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 21.16% over the last month, showed a −5.96% decrease in three-month performance and has increased by 18.46% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 21.16% over the last month, showed a −5.96% decrease in three-month performance and has increased by 18.46% in a year.
SKYY trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.