Key Highlights

  • The fund reported USD 242.38 million in Assets under management and a 0.68% total expense ratio as of its official fact sheet dated July 31, 2026.
  • The fund's net asset value returned 11.24% year to date and 10.90% over the trailing one year through July 31, 2026, compared with 11.55% and 11.52% for its underlying Indxx Global Cloud Computing index over the same periods.
  • Snowflake (7.04%) and Datadog (6.64%) were the fund's two largest holdings among thirty-eight total positions as of the July 31, 2026 fact sheet, with the top ten holdings together representing approximately 46.6% of net assets.
  • The portfolio was concentrated in Application Software (41.95%) and Internet Services and Infrastructure (32.77%) by industry, and 90.41% United States-domiciled by country, per the fact sheet's holdings breakdown.

Fund Structure and Investment Strategy

The Global X Cloud Computing ETF (NASDAQ:CLOU) has traded on the Nasdaq exchange since its inception on April 12, 2019. According to its official fact sheet, the fund invests in companies positioned to benefit from increased adoption of cloud computing technology, spanning software-as-a-service, platform-as-a-service, and infrastructure-as-a-service providers, without regard to sector or geography, and its holdings include both established industry leaders and smaller emerging companies. Global X identifies the Indxx Global Cloud Computing Index as the fund's underlying benchmark, describing it as designed to provide exposure to exchange-listed companies in developed and emerging markets that stand to benefit from cloud adoption. The fund carried a 0.68% total expense ratio and held thirty-eight positions, according to the fact sheet dated July 31, 2026.

Performance and Distribution Profile

As of the fund's July 31, 2026 fact sheet, the fund's net asset value returned 10.36% over the trailing one month, 11.24% year to date, and 10.90% over the trailing one year, while its Market Price returned 10.64%, 11.23%, and 11.08% over those same respective periods. The Indxx Global Cloud Computing Index itself gained 11.55% year to date and 11.52% over one year, indicating that the fund tracked modestly below its benchmark after fees over both windows, consistent with the drag associated with its 0.68% expense ratio. Over a longer horizon, the fact sheet reports a five-year annualized net asset value return of negative 2.20% and a since-inception annualized net asset value return of 7.53%, reflecting the pronounced 2022 drawdown that affected high-growth cloud software equities. The fact sheet does not disclose a twelve-month trailing distribution Yield or SEC yield figure; Global X lists the fund's distributions as paid on a semi-annual schedule rather than monthly or quarterly.

Holdings and Portfolio Composition

According to the July 31, 2026 fact sheet, the fund's top ten holdings were Snowflake (7.04%), Datadog (6.64%), Cloudflare (4.47%), Twilio (4.36%), Workday (4.29%), Paycom Software (4.24%), ServiceNow (4.12%), DigitalOcean Holdings (3.99%), Zscaler (3.79%), and Dropbox (3.66%), together comprising approximately 46.6% of net assets across the fund's thirty-eight total holdings. By industry, the portfolio was concentrated in Application Software (41.95%), Internet Services and Infrastructure (32.77%), and Systems Software (13.92%), with smaller allocations to Human Resource and Employment Services (4.24%) and Data Center REITs (3.08%). Geographically, the fund was 90.41% weighted to the United States, with the remainder distributed across Canada (3.17%), Sweden (2.24%), Israel (2.09%), and China (1.84%). Subsequently available market data placed the fund's price near USD 28.82 as of August 31, 2026, within a fifty-two week range of USD 17.52 to USD 29.29, reflecting a more recent measurement date than the fact sheet itself.

Where Things Stand

The fund remains a concentrated, thematic vehicle for cloud computing exposure, holding thirty-eight positions, a 0.68% expense ratio, and USD 242.38 million in assets as of its July 31, 2026 fact sheet, alongside a year-to-date net asset value return of 11.24% that trailed its Indxx Global Cloud Computing Index benchmark by approximately thirty-one basis points after fees. Its portfolio is led by Snowflake and Datadog and remains heavily weighted toward United States application software and internet infrastructure companies, with a since-inception annualized net asset value return of 7.53% that continues to reflect the 2022 sector drawdown. Whether the fund's performance gap relative to its index narrows or widens going forward is likely to depend on how its most concentrated holdings, particularly Snowflake and Datadog, perform relative to the broader cloud software sector.