Symbols

SKYY

First Trust Cloud Computing ETF·NASDAQ

--(--)

Key Stats

Assets Under Management

2.37BUSD

Fund Flows (1Y)

-989.95MUSD

Dividend Yield

Discount/Premium to NAV

0.02%

Shares Outstanding

21.95M

Expense Ratio

0.60%

About First Trust Cloud Computing ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/etf/etfsummary.aspx?Ticker=SKYY

Inception Date

Jul 5, 2011

Structure

Open-Ended Fund

Index Tracked

ISE CTA Cloud Computing Index

Management Style

Passive

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 stock's 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.