CLOU


Cloud Computing ETF

Reasons to Consider CLOU

High Growth Potential

Increasing AI investments are likely to boost cloud’s share of total IT spending from an estimated 15% in 20231 to roughly 40% in 2030,2 as companies look to capitalize on the flexibility and turnkey nature of the cloud model.

Structural Tailwinds

More data requires more cloud resources, and the proliferation of AI is generating tremendous amounts of data. By 2030, AI could drive more than half of all online data creation, likely creating opportunities for cloud providers.2

Unconstrained Approach

Cloud computing spans multiple segments, and its most innovative companies include both household names and newcomers from around the world. CLOU invests accordingly, without regard for sector or geography.

1Gartner, Oct 2022
2Gartner, Apr 2023

Key Information As of 02/27/24

Inception Date 04/12/19
Total Expense Ratio 0.68%
Net Assets $626.53 million
NAV $21.84
Fact Sheet View the document

ETF Summary

The Global X Cloud Computing ETF (CLOU) seeks to invest in companies positioned to benefit from the increased adoption of cloud computing technology, including companies whose principal business is in offering computing Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), managed server storage space and data center real estate investment trusts, and/or cloud and edge computing infrastructure and hardware.

ETF Objective

The Global X Cloud Computing ETF (CLOU) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Cloud Computing Index.

Trading Details As of 02/27/24

Ticker CLOU
Bloomberg Index Ticker ICLOU
CUSIP 37954Y442
ISIN US37954Y4420
Primary Exchange Nasdaq
Shares Outstanding 28,690,000
Number of Holdings 36
30-Day Median Bid-Ask Spread 0.04%

Distributions As of 02/27/24

30-Day SEC Yield -0.45%
Distribution Frequency Semi-Annually

ETF Prices As of 02/27/24

NAV $21.84 Daily Change $0.28 1.30%
Market Price $21.84 Daily Change $0.28 1.30%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 41.15% 41.36% 42.08%
3 Years -6.18% -6.16% -5.57%
Since Inception 9.43% 9.54% 10.11%
1 Year 25.33% 24.90% 26.14%
3 Years -6.02% -6.05% -5.41%
Since Inception 9.07% 9.12% 9.75%
Year-to-Date 41.15% 41.36% 42.08%
1 Month 8.90% 9.10% 8.98%
3 Months 20.23% 20.34% 20.47%
Since Inception 53.03% 53.77% 57.63%
Year-to-Date -0.80% -1.06% -0.76%
1 Month -0.80% -1.06% -0.76%
3 Months 26.11% 25.81% 26.33%
Since Inception 51.81% 52.14% 56.44%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 02/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.66 WIX WIX.COM LTD BFZCHN7 140.32 249,377 34,992,580.64
5.00 PCOR PROCORE TECHNOLOGIES INC BLH11J8 76.93 402,120 30,935,091.60
5.00 ZS ZSCALER INC BZ00V34 242.49 127,502 30,917,959.98
4.96 DOCN DIGITALOCEAN HOLDINGS INC BNC23Q1 37.54 817,202 30,677,763.08
4.72 CRM SALESFORCE INC 2310525 299.50 97,507 29,203,346.50
4.65 NFLX NETFLIX INC 2857817 601.67 47,792 28,755,012.64
4.55 WDAY WORKDAY INC-CLASS A B8K6ZD1 295.05 95,338 28,129,476.90
4.21 SHOP SHOPIFY INC - CLASS A BXDZ9Z0 76.63 339,958 26,050,981.54
3.76 SPSC SPS COMMERCE INC B57VWJ3 187.04 124,385 23,264,970.40
3.76 FRSH FRESHWORKS INC-CL A BPF0BB7 20.88 1,112,563 23,230,315.44
3.70 PAYC PAYCOM SOFTWARE INC BL95MY0 183.10 124,775 22,846,302.50
3.65 ZM ZOOM VIDEO COM-A BGSP7M9 68.17 331,187 22,577,017.79
3.63 TWLO TWILIO INC - A BD6P5Q0 57.76 388,896 22,462,632.96
3.58 QLYS QUALYS INC B7XJTN8 166.72 132,911 22,158,921.92
3.55 FIVN FIVE9 INC BKY7X18 61.09 359,441 21,958,250.69
3.48 DLR DIGITAL REALTY TRUST INC B03GQS4 138.23 155,824 21,539,551.52
3.36 AKAM AKAMAI TECHNOLOGIES INC 2507457 107.76 192,801 20,776,235.76
3.34 SINCH SS SINCH AB BKP8Q11 2.65 7,783,696 20,618,161.30
3.30 BOX BOX INC - CLASS A BVB3BV2 25.22 807,961 20,376,776.42
3.19 WK WORKIVA INC BSS6HY8 84.92 232,209 19,719,188.28
2.98 DBX DROPBOX INC-CLASS A BG0T321 23.98 767,873 18,413,594.54
2.73 FSLY FASTLY INC - CLASS A BJN4MY9 14.22 1,188,298 16,897,597.56
2.06 AMZN AMAZON.COM INC 2000019 173.54 73,397 12,737,315.38
1.92 MSFT MICROSOFT CORP 2588173 407.48 29,084 11,851,148.32
1.71 EVBG EVERBRIDGE INC BYY5ZB4 28.24 374,022 10,562,381.28
1.37 GOOGL ALPHABET INC-CL A BYVY8G0 138.88 60,796 8,443,348.48
1.30 PUBM PUBMATIC INC-CLASS A BNHP503 20.48 390,981 8,007,290.88
1.21 HSTM HEALTHSTREAM INC 2577870 26.88 277,784 7,466,833.92
1.13 YEXT YEXT INC BD8ZJW2 6.10 1,142,005 6,966,230.50
1.05 VMEO VIMEO INC BNDYF15 4.50 1,442,170 6,489,765.00
0.35 VNET VNET Group Inc B3Q0VS9 1.66 1,312,250 2,178,335.00
0.33 BABA ALIBABA GRP-ADR BP41ZD1 77.68 25,859 2,008,727.12
0.31 IBM IBM 2005973 184.87 10,184 1,882,716.08
0.27 DCREIT SP DIGITAL CORE REI BNYGMH5 0.61 2,717,325 1,657,568.25
0.16 KC KINGSOFT CLO-ADR BM8R675 3.23 300,954 972,081.42
0.06 CASH 1.00 381,327 381,327.46
0.06 TWOU 2U INC BKWBZZ0 0.47 737,719 343,039.34
-0.04 OTHER PAYABLE & RECEIVABLES 1.00 -220,156 -220,156.20
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Information Technology 78.3
Communication Services 10.6
Consumer Discretionary 6.2
Real Estate 3.8
Health Care 1.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Packaged Software 39.8
Information Technology Services 22.8
Internet Software/Services 12.7
Internet Retail 7.4
Financial Conglomerates 5.1
Data Processing Services 4.4
Real Estate Investment Trusts 4.2
Specialty Telecommunications 3.6

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 86.5
Israel 5.0
Canada 4.4
Sweden 3.2
China 0.7
Singapore 0.3

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 02/27/24

Return on Equity 14.40%
Weighted Avg. Market Cap 150,631 M
2023 2024
Price-to-earnings 34.76 30.71
Price-to-book value 4.73 4.13

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 1.10
NASDAQ-100 0.99
MSCI EAFE 0.91
MSCI Emg. Mkts 0.84
Standard Deviation 26.10%

Source: new windowAltaVista Research, LLC

ETF Research

View More Related Research

Investing involves risk, including the possible loss of principal. The investable universe of companies in which CLOU may invest may be limited. The Fund invests in securities of companies engaged in Information Technology, which can be affected by rapid product obsolescence and intense industry competition. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. CLOU is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Indxx, nor does Indxx make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Indxx.