Key stats
About First Trust Cloud Computing ETF
Expense ratio
0.60%
Home page
Inception date
Jul 5, 2011
ISIN
US33734X1928
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
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region