First Trust Cloud Computing ETF is an exchange-traded fund that seeks to replicate the performance of an index tracking U.S. companies actively involved in the cloud computing industry, primarily the ISE CTA Cloud Computing Index. This modified equal-weighted or theme strength-weighted index includes up to 80 securities classified as cloud computing companies by the Consumer Technology Association, encompassing firms in IT services, software, technology hardware, storage, peripherals, communications equipment, and related sectors. The ETF provides targeted exposure to businesses enabling cloud infrastructure, data storage, cybersecurity, software-as-a-service, and digital transformation services essential to modern computing. Its portfolio features leading participants across these areas, supporting the growing demand for scalable, on-demand computing resources in enterprise and consumer applications. Launched in 2011 and managed by First Trust Advisors, the fund plays a key role in offering investors focused access to the rapidly evolving cloud computing segment within the broader technology market.