Fidelity Cloud Computing ETF
FCLD
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- Fidelity Cloud Computing ETF (FCLD) is an exchange-traded fund that provides investors with targeted exposure to companies engaged in cloud computing technologies and services. The fund tracks the Fidelity Cloud Computing Index, which includes global equities involved in software-as-a-service (SaaS), platform-as-a-service (PaaS), infrastructure-as-a-service (IaaS), and related cloud infrastructure; it selects approximately 40-50 holdings weighted by market capitalization and risk-adjusted criteria, focusing on firms deriving significant revenue from cloud-related activities such as data centers, virtualization, cybersecurity, and application development platforms. FCLD offers diversified access to leading brands and innovators in the sector, including major providers like Amazon Web Services affiliates, Microsoft Azure ecosystem players, Alphabet's Google Cloud participants, and pure-play cloud software companies such as Snowflake, Datadog, and MongoDB, alongside hardware enablers in semiconductors and networking. Operated by Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, the ETF was launched in 2019 and is headquartered in Boston, Massachusetts, with global reach spanning North America, Europe, and Asia-Pacific markets through its underlying holdings' operations. The fund targets institutional and retail investors seeking growth in the expanding cloud computing industry, which underpins digital transformation across enterprise software, financial services, healthcare, and e-commerce segments. In recent developments, FCLD benefited from Fidelity's broader strategic expansions in ETFs, including enhanced indexing methodologies and increased assets under management amid surging demand for thematic technology funds; the fund saw portfolio rebalancing in 2024 to incorporate emerging leaders in AI-driven cloud services and edge computing. No major acquisitions, partnerships, or name changes were reported for FCLD itself within the last two years, though Fidelity Investments announced integrations with cryptocurrency offerings and sustainable investing overlays applicable to select ETFs, indirectly bolstering FCLD's appeal in hybrid cloud strategies.