First Trust Cloud Computing ETF
SKYY
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- First Trust Cloud Computing ETF (SKYY) is an exchange-traded fund that provides investors with exposure to companies actively involved in the cloud computing industry by tracking the Nasdaq ISE Cloud Computing Index. The fund employs a modified equal-weighting methodology with individual constituent caps at 4.5% to mitigate concentration risk across its portfolio of approximately 64 holdings, including leading firms in software, IT services, and technology hardware. Top holdings as of December 2025 feature Alphabet Inc. (Class A) at 5.35%, International Business Machines Corporation at 4.68%, MongoDB, Inc. at 4.07%, Amazon.com, Inc. at 3.64%, and Lumen Technologies, Inc. at 3.59%; other prominent positions encompass Microsoft Corporation, Pure Storage, Inc., Arista Networks, Inc., Oracle Corporation, and Confluent, Inc., spanning categories such as interactive media and services, diversified telecommunication services, communications equipment, and technology hardware, storage, and peripherals. Launched on July 5, 2011, and domiciled in the United States, SKYY is managed by First Trust Advisors L.P. and listed on the Nasdaq, with assets under management exceeding $3 billion as of late 2025. The fund targets institutional and retail investors seeking thematic exposure to cloud computing subsectors like infrastructure, platform services, software-as-a-service, and data storage solutions, with a global footprint reflecting holdings from U.S.-based multinationals and select international issuers including SAP SE (ADR) and Shopify Inc. In recent developments, First Trust announced trustee elections and re-elections for its ETFs, including SKYY, on August 12, 2025, and upcoming elections on May 13, 2025, alongside new board and audit committee appointments announced on March 13, 2024, reflecting ongoing governance enhancements. The portfolio continues to evolve passively in line with index reconstitutions, incorporating emerging cloud leaders such as CoreWeave, Inc., ServiceTitan, Inc., and Rubrik, Inc., amid a year-to-date performance of approximately 13.79% and 12-month returns of 8.76% as of December 2025. No major acquisitions, funding rounds, or strategic alliances specific to SKYY were reported in the last 1-2 years, with operational focus remaining on index fidelity and low turnover of around 11%.