SKYY
First Trust Cloud Computing ETFSKYY Fund Description
The First Trust Cloud Computing ETF tracks a tiered equal-weighted index of companies involved in the cloud computing industry.
SKYY Factset Analytics Insight
SKYY is the only ETF on the market that focuses on cloud computing, but its complex methodology highlights the difficulty of capturing this particular space. It holds a mix of pure-play, non-pure-play and technology-conglomerate cloud computing companies, and weights each type of company equally within its category. SKYY allocates 10% of its portfolio to technology conglomerates that simply make use of cloud computing, and weights non-pure-play companies by their capitalization as a share of the overall market capitalization. The remainder of its portfolio covers pure-play companies. This takes SKYY far afield from our broader technology segment benchmark, tilting to midcaps with significant sector biases. SKYY can be traded safely with a bit of care, though occasionally significant spreads make limit orders advisable. Excellent primary liquidity should keep creations costs low. While SKYY isn't cheap, its fee is about average for a niche fund with a unique methodology and approach, and tracking is generally good.
SKYY MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of September 20, 2018 the First Trust Cloud Computing ETF MSCI ESG Fund Quality Score is 6.25 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SKYY ranks in the 75th percentile within its peer group and in the 76th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
SKYY CHARTS AND PERFORMANCE
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SKYY Top 10 Countries
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SKYY Top 10 Holdings [View All]
SKYY Portfolio Data
SKYY Portfolio Management
SKYY Tax Exposures
SKYY Fund Structure
SKYY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SKYY. SKYY is rated a 5 out of 5.
SKYY Tradability
SKYY Sector/Industry Breakdown
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SKYY TOP 10 HOLDINGS[View All]
SKYY Countries
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SKYY Economic Development
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SKYY Performance Statistics
SKYY MSCI ESG Ratings
SKYY BENCHMARK COMPARISON SUMMARY
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SKYY BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.