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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust SkyBridge Crypto Industry and Digital Economy ETF

CRPT | Active ETF

$19.88

$44.5 M

0.00%

0.85%

Vitals

YTD Return

105.6%

1 yr return

214.3%

3 Yr Avg Return

-6.1%

5 Yr Avg Return

N/A

Net Assets

$44.5 M

Holdings in Top 10

75.8%

52 WEEK LOW AND HIGH

$20.0
$6.63
$21.16

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust SkyBridge Crypto Industry and Digital Economy ETF

CRPT | Active ETF

$19.88

$44.5 M

0.00%

0.85%

CRPT - Profile

Distributions

  • YTD Total Return 105.6%
  • 3 Yr Annualized Total Return -6.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    First Trust SkyBridge Crypto Industry and Digital Economy ETF
  • Fund Family Name
    First Trust Advisors L.P
  • Inception Date
    Sep 20, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brett Messing

Fund Description

Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any investment borrowings) in the common stocks and American Depositary Receipts (“ADRs”) of Crypto Industry Companies and Digital Economy Companies. Under normal market conditions, the Fund will invest at least 50% of its net assets (plus any investment borrowings) in Crypto Industry Companies. The remainder of the Fund’s net assets used to satisfy the 80% test set forth above will be invested in Digital Economy Companies.1.“Crypto Industry Companies” are those companies that (i) derive at least 50% of their revenue or profits directly from goods produced or sold, investments made, or services performed in the crypto industry ecosystem, including Bitcoin Exchange-Traded Products (defined below); and/or (ii) have at least 50% of their net assets accounted for by direct holdings of bitcoin, ether or another digital asset (collectively, “crypto assets”). Crypto assets (e.g., bitcoin) are digital assets created and transmitted through the operation of a permissionless, online, peer-to-peer decentralized network of computers that operate on cryptographic protocols. The ownership of a crypto asset is determined by participants in its crypto asset network. The crypto asset network connects computers that run publicly accessible, or “open source,” software that follows the rules and procedures governing the crypto asset network. Certain crypto asset networks (e.g., the Ethereum network) allow users to write and implement smart contracts—that is, general-purpose code that executes on every computer in the network and can instruct the transmission of information and value based on a sophisticated set of logical conditions. Using smart contracts, users can create markets, store registries of debts or promises, represent the ownership of property, move funds in accordance with conditional instructions and create other digital assets. The Fund’s investment sub-adviser, SkyBridge Capital II, LLC (“SkyBridge” or the “Sub-Advisor”), defines “crypto industry ecosystem” to be those companies involved in servicing the crypto asset markets, including crypto asset mining firms, crypto mining equipment suppliers, crypto asset trading and asset management companies and companies directly holding crypto assets on their balance sheets. Crypto Industry Companies also include "Bitcoin Exchange-Traded Products," which are those products identified by SkyBridge that are listed on a regulated U.S. exchange and invest directly in bitcoin or indirectly in bitcoin through the use of derivatives. Bitcoin Exchange-Traded Products include: (i) exchange-traded pooled investment vehicles that invest directly in bitcoin (which are not registered as investment companies under the 1940 Act and thus do not provide the protection of that Act); and (ii) exchange-traded pooled investment vehicles that only invest indirectly in bitcoin and seek to track the price movement of bitcoin or a bitcoin index which may be registered as investment companies under the 1940 Act. These products are long-only and passively managed with a mandate to track the price movement of bitcoin or a bitcoin index.○Bitcoin is a digital asset that is created and transmitted through the operations of the online, peer-to-peer bitcoin network, a decentralized network of computers that operates on cryptographic protocols. The ownership of bitcoin is determined by participants in the bitcoin network. The bitcoin network connects computers that run publicly accessible, or “open source,” software that follows the rules and procedures governing the bitcoin network. This is commonly referred to as the “bitcoin protocol.” Bitcoin, the asset, plays a key role in the operation of the bitcoin network, as the computers (or “miners”) that process transactions on the network and maintain the network’s security are compensated through the issuance of new bitcoin and through transaction fees paid by users in bitcoin. No single entity owns or operates the bitcoin network. Bitcoin is not issued by any government, by banks or similar organizations. Bitcoin transaction and ownership records are reflected on the “Bitcoin Blockchain,” which is a digital public record or ledger. For additional information regarding bitcoin, see “Additional Information on Bitcoin” below.2.“Digital Economy Companies” are those companies that derive at least 50% of their revenue or profits directly from goods produced or sold, investments made, or services performed in the digital economy ecosystem (defined below). The Sub-Advisor defines “digital economy ecosystem” to be those companies: (i) operating as digital banks with no physical branches, or, operating as banks with physical branches that nonetheless derive the requisite 50% profits or revenues from digital banking; (ii) operating online brokerage or trading platforms and/or conducting digital market making; (iii) operating digital payment gateways; or (iv) manufacturing semiconductors. For the avoidance of doubt, companies deemed to be “Crypto Industry Companies” will not be considered “Digital Economy Companies.”The Fund generally intends to invest up to 25% of its net assets in Bitcoin Exchange-Traded Products; however, at certain times, the Fund may invest more than 25% of its net assets in Bitcoin Exchange-Traded Products. The Fund will purchase and sell Bitcoin Exchange-Traded Products based a variety of considerations, including overall portfolio diversification and the perceived relative value of Bitcoin Exchange-Traded Products versus other Crypto Industry Companies. For tax purposes, certain Bitcoin Exchange-Traded Products will be held indirectly via a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). The Subsidiary and the Fund will have the same investment advisor, investment sub-advisor and investment objective. The Subsidiary will also follow the same investment policies and restrictions as the Fund as applicable. Except as noted herein, for purposes of this Prospectus, references to the Fund’s investment strategies and risks include those of the Subsidiary. Because the Fund intends to qualify for treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended, the size of the Fund’s investment in the Subsidiary will not exceed 25% of the Fund’s total assets at each quarter end of the Fund’s fiscal year. In order to meet such 25% limit, the Fund may have to reduce its investment in the Subsidiary to 25% of the Fund’s total assets at any given fiscal year quarter end.The Fund will not directly invest in digital assets (including bitcoin, and other crypto assets) and will not directly participate in initial coin offerings.The Fund’s selection universe includes common stock and ADRs listed on global securities exchanges, including securities of Bitcoin Exchange-Traded Products, and U.S. dollar denominated and non-U.S. dollar denominated securities issued by U.S. and non-U.S. companies, including companies operating in emerging market countries. A significant portion of the Fund’s investments may be in issuers with small market capitalizations. The Sub-Advisor evaluates all companies comprising the selection universe and identifies all eligible Crypto Industry Companies and Digital Economy Companies. From these companies, the Sub-Advisor will invest in those Crypto Industry Companies and Digital Economy Companies that it believes are well positioned to succeed in their respective industries and provide the best opportunity for capital appreciation. The section entitled “Additional Information Regarding the Fund’s Investment Objective and Strategies” provides additional information on the Fund’s intended investments.The Fund’s investments are concentrated (i.e., 25% or more of the Fund’s total assets) in the industries constituting the information technology sector and the financial sector.The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”).Additional Information on BitcoinBitcoin is a digital asset that is created and transmitted through the operations of the online, peer-to-peer bitcoin network, a decentralized network of computers that operates on cryptographic protocols. The ownership of bitcoin is determined by participants in the bitcoin network. The bitcoin network connects computers that run publicly accessible, or “open source,” software that follows the rules and procedures governing the bitcoin network. This is commonly referred to as the “bitcoin protocol.” Bitcoin, the asset, plays a key role in the operation of the bitcoin network, as the computers (or “miners”) that process transactions on the network and maintain the network’s security are compensated through the issuance of new bitcoin and through transaction fees paid by users in bitcoin.No single entity owns or operates the bitcoin network. Bitcoin is not issued by any government, by banks or similar organizations. The infrastructure of the bitcoin network is collectively maintained by a decentralized user base. The bitcoin network is accessed through software, and software governs the creation, movement, and ownership of “bitcoin,” the unit of account on the bitcoin network ledger. The value of bitcoin is determined, in part, by the supply of, and demand for, bitcoin in the global markets for trading bitcoin, market expectations for the adoption of bitcoin as a decentralized store of value, the number of merchants and/or institutions that accept bitcoin as a form of payment and the volume of private end-user-to-end-user transactions.Bitcoin transaction and ownership records are reflected on the “Bitcoin Blockchain,” which is a digital public record or ledger. Copies of this ledger are stored in a decentralized manner on the computers of each bitcoin network node (a node is any user who maintains on their computer a full copy of all the bitcoin transaction records, the blockchain, as well as related software). Transaction data is permanently recorded in files called “blocks,” which reflect transactions that have been recorded and authenticated by bitcoin network participants. The bitcoin network software source code includes protocols that govern the creation of new bitcoin and the cryptographic system that secures and verifies bitcoin transactions.
Read More

CRPT - Performance

Return Ranking - Trailing

Period CRPT Return Category Return Low Category Return High Rank in Category (%)
YTD 105.6% -24.9% 17.8% 100.00%
1 Yr 214.3% -68.1% 26.2% N/A
3 Yr -6.1%* -43.1% 28.8% N/A
5 Yr N/A* -32.3% 26.2% N/A
10 Yr N/A* -2.8% 17.7% N/A

* Annualized

Return Ranking - Calendar

Period CRPT Return Category Return Low Category Return High Rank in Category (%)
2023 193.9% -72.7% 24.1% 65.22%
2022 -80.8% -22.1% 50.4% N/A
2021 N/A -31.4% 49.5% N/A
2020 N/A -23.4% 13.6% N/A
2019 N/A -13.7% 34.6% N/A

Total Return Ranking - Trailing

Period CRPT Return Category Return Low Category Return High Rank in Category (%)
YTD 105.6% -73.0% 17.8% 100.00%
1 Yr 214.3% -68.1% 26.2% N/A
3 Yr -6.1%* -43.1% 28.8% N/A
5 Yr N/A* -32.3% 26.2% N/A
10 Yr N/A* -1.5% 17.7% N/A

* Annualized

Total Return Ranking - Calendar

Period CRPT Return Category Return Low Category Return High Rank in Category (%)
2023 193.9% -72.7% 24.1% 65.22%
2022 -80.8% -22.1% 50.4% N/A
2021 N/A -31.4% 49.5% N/A
2020 N/A -23.4% 13.6% N/A
2019 N/A -12.2% 34.6% N/A

CRPT - Holdings

Concentration Analysis

CRPT Category Low Category High CRPT % Rank
Net Assets 44.5 M 610 K 31.2 B 61.02%
Number of Holdings 31 1 389 70.59%
Net Assets in Top 10 38.7 M -21.4 M 5.86 B 55.88%
Weighting of Top 10 75.78% 8.9% 100.0% 9.38%

Top 10 Holdings

  1. MicroStrategy Inc 20.42%
  2. Coinbase Global Inc 18.11%
  3. Galaxy Digital Holdings Ltd 6.41%
  4. Cleanspark Inc 4.52%
  5. Riot Platforms Inc 4.48%
  6. Marathon Digital Holdings Inc 4.48%
  7. Cipher Mining Inc 4.46%
  8. NVIDIA Corp 4.37%
  9. Terawulf Inc 4.27%
  10. Iris Energy Ltd 4.25%

Asset Allocation

Weighting Return Low Return High CRPT % Rank
Stocks 		99.77% 0.00% 100.33% 33.82%
Cash 		0.25% -0.34% 101.46% 66.18%
Preferred Stocks 		0.00% 0.00% 29.02% 92.65%
Other 		0.00% -8.90% 91.95% 91.18%
Convertible Bonds 		0.00% 0.00% 3.05% 92.65%
Bonds 		0.00% 0.00% 88.23% 92.65%

Stock Sector Breakdown

Weighting Return Low Return High CRPT % Rank
Utilities 		0.00% 0.00% 85.14% 94.92%
Technology 		0.00% 0.00% 77.79% 10.17%
Real Estate 		0.00% 0.00% 54.95% 91.53%
Industrials 		0.00% 0.00% 90.47% 98.31%
Healthcare 		0.00% 0.00% 100.00% 93.22%
Financial Services 		0.00% 0.00% 95.51% 3.39%
Energy 		0.00% 0.00% 32.10% 94.92%
Communication Services 		0.00% 0.00% 16.38% 94.92%
Consumer Defense 		0.00% 0.00% 53.62% 96.61%
Consumer Cyclical 		0.00% 0.00% 41.11% 69.49%
Basic Materials 		0.00% 0.00% 36.59% 98.31%

Stock Geographic Breakdown

Weighting Return Low Return High CRPT % Rank
US 		93.35% 0.00% 85.31% 7.35%
Non US 		6.41% 0.00% 98.35% 67.65%

CRPT - Expenses

Operational Fees

CRPT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.22% 4.26% 34.67%
Management Fee 0.85% 0.25% 1.90% 81.69%
12b-1 Fee N/A 0.00% 1.00% 79.17%
Administrative Fee N/A 0.03% 0.19% N/A

Sales Fees

CRPT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

CRPT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CRPT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 140.00% N/A

CRPT - Distributions

Dividend Yield Analysis

CRPT Category Low Category High CRPT % Rank
Dividend Yield 0.00% 0.00% 5.18% 4.00%

Dividend Distribution Analysis

CRPT Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

CRPT Category Low Category High CRPT % Rank
Net Income Ratio N/A -2.66% 5.19% N/A

Capital Gain Distribution Analysis

CRPT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CRPT - Fund Manager Analysis

Managers

Brett Messing

Start Date

Tenure

Tenure Rank

Sep 20, 2021

0.69

0.7%

MBrett S. Messing, is the Managing Partner of GPS Partners. Prior, he was a Managing Director at Lehman Brothers and its subsidiary, Neuberger Berman, He began his career at Goldman Sachs where he worked from 1990 to 1997 in several capacities including Co-Head of Restricted Equities Unit and Vice President. He is the co-author of The Forewarned Investor, published by Career Press (2006), and he is a contributor to Fortune magazine and CNBC. r. Messing is a graduate of Harvard Law School (J.D.) and Brown University (A.B., Magna Cum Laude).

Anthony Scaramucci

Start Date

Tenure

Tenure Rank

Sep 20, 2021

0.69

0.7%

Anthony Scaramucci is one of three Managing Partners at SkyBridge Capital. Prior to SkyBridge, he was also the co-founder of Oscar Capital Management, which was sold to Neuberger Berman, LLC in 2001 after building a managed account business and four hedge funds having in aggregate more than $800 million of assets. Upon Neuberger Berman’s sale to Lehman Brothers in 2003, he served as a Managing Director in their Investment Management Division. From 1989 to 1996, Mr. Scaramucci was at Goldman Sachs & Co., where in 1993 he became a Vice President in Private Wealth Management. He earned a B.A. in Economics from Tufts University in 1986 and graduated summa cum laude. He is a member of the Phi Beta Kappa society. He graduated with a J.D. from Harvard Law School in 1989. Mr. Scaramucci is a Board Member of The Lymphoma Foundation and The Brain Tumor Foundation. He is also on the Board of Overseers for the School of Arts and Sciences at Tufts University and a member of the NYC Financial Services Advisory Committee.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.75 23.1 6.84 3.29

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