SKYYFirst Trust Cloud Computing ETF
SKYY Fund Description
SKYY tracks an index of companies involved in the cloud computing industry. Stocks are modified-equally-weighted capped at 4.5%.
SKYY Factset Analytics Insight
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.
SKYY MSCI ESG Analytics Insight
First Trust Cloud Computing ETF has an MSCI ESG Fund Rating of AA based on a score of 7.36 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. First Trust Cloud Computing ETF ranks in the 80th percentile within its peer group and in the 88th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
SKYY MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
SKYY Summary Data
SKYY Portfolio Data
SKYY Index 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 Economic Development
SKYY Performance Statistics
SKYY MSCI ESG Ratings
SKYY Benchmark Comparison Summary
SKYY Benchmark Comparison Market Cap Size