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 06/13/24

Inception Date 04/12/19
Total Expense Ratio 0.68%
Net Assets $436.39 million
NAV $19.29
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 06/13/24

Ticker CLOU
Bloomberg Index Ticker ICLOU
CUSIP 37954Y442
ISIN US37954Y4420
Primary Exchange Nasdaq
Shares Outstanding 22,620,000
Number of Holdings 36
30-Day Median Bid-Ask Spread 0.05%

Distributions As of 06/13/24

30-Day SEC Yield -0.44%
Distribution Frequency Semi-Annually

ETF Prices As of 06/13/24

NAV $19.29 Daily Change -$0.48 -2.43%
Market Price $19.26 Daily Change -$0.49 -2.48%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 18.87% 18.53% 19.67%
3 Years -4.84% -4.91% -4.21%
Since Inception 8.11% 8.14% 8.79%
1 Year 5.40% 5.12% 6.06%
3 Years -8.77% -8.81% -8.20%
5 Years 5.63% 5.61% 6.30%
Since Inception 5.54% 5.60% 6.20%
Year-to-Date -3.71% -4.02% -3.55%
1 Month -0.95% -0.96% -0.90%
3 Months -3.71% -4.02% -3.55%
Since Inception 47.35% 47.60% 52.04%
Year-to-Date -13.78% -13.95% -13.56%
1 Month -3.17% -3.32% -3.15%
3 Months -11.31% -11.20% -11.19%
Since Inception 31.94% 32.33% 36.25%

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 06/13/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.79 WIX WIX.COM LTD BFZCHN7 165.29 151,876 25,103,584.04
4.61 AI C3.AI INC-A BMGNBJ2 30.49 655,822 19,996,012.78
4.44 DLR DIGITAL REALTY TRUST INC B03GQS4 148.54 129,524 19,239,494.96
4.30 ZS ZSCALER INC BZ00V34 181.05 102,929 18,635,295.45
4.23 SPSC SPS COMMERCE INC B57VWJ3 183.77 99,756 18,332,160.12
4.21 DOCN DIGITALOCEAN HOLDINGS INC BNC23Q1 36.36 502,389 18,266,864.04
4.14 BOX BOX INC - CLASS A BVB3BV2 25.88 692,745 17,928,240.60
4.03 PCOR PROCORE TECHNOLOGIES INC BLH11J8 66.63 262,237 17,472,851.31
3.88 WK WORKIVA INC BSS6HY8 74.17 226,845 16,825,093.65
3.86 ZM ZOOM VIDEO COM-A BGSP7M9 57.94 289,019 16,745,760.86
3.79 TWLO TWILIO INC - A BD6P5Q0 55.69 295,149 16,436,847.81
3.76 SHOP SHOPIFY INC - CLASS A BXDZ9Z0 64.69 252,126 16,310,030.94
3.71 DBX DROPBOX INC-CLASS A BG0T321 20.92 769,684 16,101,789.28
3.71 AKAM AKAMAI TECHNOLOGIES INC 2507457 88.35 182,021 16,081,555.35
3.54 PAYC PAYCOM SOFTWARE INC BL95MY0 140.99 108,943 15,359,873.57
3.52 CRM SALESFORCE INC 2310525 229.03 66,696 15,275,384.88
3.49 QLYS QUALYS INC B7XJTN8 138.19 109,338 15,109,418.22
3.46 WDAY WORKDAY INC-CLASS A B8K6ZD1 207.08 72,394 14,991,349.52
3.45 FRSH FRESHWORKS INC-CL A BPF0BB7 12.32 1,215,093 14,969,945.76
3.34 SNOW SNOWFLAKE INC-CLASS A BN134B7 125.90 115,097 14,490,712.30
3.10 FIVN FIVE9 INC BKY7X18 42.01 320,062 13,445,804.62
2.41 SINCH SS SINCH AB BKP8Q11 2.24 4,657,365 10,455,032.02
2.32 MSFT MICROSOFT CORP 2588173 441.58 22,807 10,071,115.06
2.08 AMZN AMAZON.COM INC 2000019 183.83 49,084 9,023,111.72
1.84 EVBG EVERBRIDGE INC BYY5ZB4 34.73 229,373 7,966,124.29
1.80 GOOGL ALPHABET INC-CL A BYVY8G0 175.16 44,473 7,789,890.68
1.27 FSLY FASTLY INC - CLASS A BJN4MY9 7.27 754,532 5,485,447.64
1.14 PUBM PUBMATIC INC-CLASS A BNHP503 21.55 229,176 4,938,742.80
1.07 HSTM HEALTHSTREAM INC 2577870 27.70 167,631 4,643,378.70
0.83 YEXT YEXT INC BD8ZJW2 5.15 694,331 3,575,804.65
0.78 VMEO VIMEO INC BNDYF15 3.87 873,774 3,381,505.38
0.76 VNET VNET Group Inc B3Q0VS9 2.37 1,387,277 3,287,846.49
0.34 BABA ALIBABA GRP-ADR BP41ZD1 75.68 19,215 1,454,191.20
0.32 IBM IBM 2005973 169.12 8,308 1,405,048.96
0.28 DCREIT SP DIGITAL CORE REI BNYGMH5 0.54 2,248,325 1,202,853.88
0.25 KC KINGSOFT CLO-ADR BM8R675 2.85 385,301 1,098,107.85
0.11 CASH 1.00 489,470 489,470.48
0.03 OTHER PAYABLE & RECEIVABLES 1.00 108,801 108,800.68
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Information Technology 82.5
Communication Services 6.0
Consumer Discretionary 5.9
Real Estate 4.6
Health Care 1.0

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Packaged Software 47.1
Information Technology Services 20.9
Internet Software/Services 8.9
Internet Retail 6.3
Real Estate Investment Trusts 5.0
Financial Conglomerates 4.7
Data Processing Services 4.6
Specialty Telecommunications 2.6

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 87.2
Israel 5.6
Canada 3.4
Sweden 2.3
China 1.2
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 06/13/24

Return on Equity 13.90%
Weighted Avg. Market Cap 175,001 M
2023 2024
Price-to-earnings 33.92 28.53
Price-to-book value 4.23 3.72

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 1.08
NASDAQ-100 0.95
MSCI EAFE 0.92
MSCI Emg. Mkts 0.82
Standard Deviation 26.30%

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.