First Trust Cloud Computing
ALTAR
Score™
2.5% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
39.6x P/Sales
ratio
2.9x
P/BV
ratio
4.6x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust ISE Cloud Computing Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the ISE Cloud Computing Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Jul 06, 2011
Assets (mns) $2,202
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 61
Wgt avg mkt cap (mns) $184,021
Large cap (>$10bn) 60.3%
Mid cap ($2-10bn) 29.9%
Small cap (<$2bn) 9.8%
Developed mkts 96.3%
Emerging mkts 3.7%

TOP TEN HOLDINGS
VMWARE INC-CLASS A 5.0 %
ALPHABET INC. CLASS A 4.7 %
ORACLE CORP 4.7 %
CENTURYTEL INC 4.7 %
MICROSOFT CORP 4.6 %
AMAZON.COM INC 4.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR 3.8 %
CITRIX SYSTEMS INC 3.4 %
CISCO SYSTEMS INC 3.0 %
MONGODB, INC. CLASS A 3.0 %
Total 41.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.0 %
CHINA 3.8 %
CANADA 1.7 %
GERMANY 1.7 %
BRITAIN 0.8 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.2% 11.9% 16.5% -- 14.9%

Market Correlations
versus... Beta R-squared
S&P500 0.90 68%
MSCI EAFE 0.82 47%
MSCI Emg. Mkts. 0.60 42%

Technical Indicators
Recent close $58.64
30d moving avg. $57.11
Annualized volatility 13.2%
Short interest (ETF) 0.3%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 206
Turnover 0.6%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $21,703

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the First Trust Cloud Computing ETF based on the alternatives' overlap in portfolio holdings with SKYY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SKYY Expense: 60 bp ALTAR Score™: 2.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SKYY
Ticker Fund
Name
Overlap1
vs SKYY
(%)
Expense
ratio
(bp)
Savings
vs SKYY
(bp)
ALTAR
Score™
(%)
ALTAR
vs SKYY
(%)
TCLD Tortoise Cloud Infrastructure Fund 48.9 40 20 5.1 +2.6
OGIG O'Shares Global Internet Giants 34.7 48 12 1.6 -0.9
BKCH AdvisorShares Sabretooth ETF 33.8 85 -25 0.0 -2.5
AIQ Global X Future Analytics Tech 33.5 68 -8 4.7 +2.2
FNG AdvisorShares New Tech & Media ETF 30.5 86 -26 1.9 -0.6
IETC iShares Evolved U.S. Technology 28.8 18 42 4.8 +2.4
IGV iShares N. American Tech-Software 28.6 46 14 3.2 +0.7
FDN First Trust DJ Internet 26.9 52 8 3.4 +0.9
XNTK SPDR NYSE Technology 26.9 35 25 5.5 +3.1
IGM iShares S&P N. American Technology 26.6 46 14 4.6 +2.1
IYW iShares US Technology 26.4 42 18 5.2 +2.7
JHMT John Hancock Multifactor Technology 26.4 40 20 6.0 +3.6
CLOU Global X Cloud Computing 25.1 68 -8 1.3 -1.2
XSW SPDR S&P Software & Services 24.7 35 25 4.2 +1.8
PSJ Invesco Dynamic Software 24.4 58 2 3.3 +0.9
GDAT Goldman Sachs Motif Data-Driven World 24.0 50 10 5.7 +3.2
KOIN Innovation Shares NextGen Protocol 23.1 95 -35 4.7 +2.3
LRGE ClearBridge Large Cap Growth ESG 21.1 60 0 4.3 +1.9
FTEC Fidelity MSCI Info Technology 20.5 8 52 5.4 +3.0
VGT Vanguard Info Tech ETF 20.3 10 50 5.4 +2.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust Cloud Computing
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.0 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 2.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.