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CLDD

$11.07+1.47%Technology6/100
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BetaShares Global Cloud Computing ETF · BetaShares

Data as at 29 March 2026

TL;DR

Tracks mid-cap cloud software companies — the SaaS businesses delivering software via subscription to enterprises. These are typically faster-growing than large-cap tech but with longer payback periods on their investments.

MER (Annual Fee)
0.57%
#4 lowest in Technology
1Y Return
-15.0%
3Y Return (p.a.)
+1.5%
Dividend Yield
-
Non-distributing
AUM
$30.1M
Assets under management
Avg Daily Turnover
$23K
Avg shares × unit price
Unit Price
$11.07
As at 29 March 2026
Provider
BetaShares
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Strategy

Follows the BVP Nasdaq Emerging Cloud Index, designed by Bessemer Venture Partners to capture cloud software companies with recurring subscription revenue. Includes only companies that generate the majority of revenue from cloud-delivered services.

Top Holdings

Key Fact

CLDD focuses on mid-cap cloud businesses, not the mega-cap cloud platforms like Microsoft Azure or Amazon AWS. These smaller companies may grow faster but are also more sensitive to interest rate changes and investor risk appetite.

Suited for

Investors making a long-term bet on cloud software adoption replacing on-premise software across enterprise computing. Suited to patient investors comfortable with high valuations and cash-burning business models.

Risks

Cloud software companies often have high price-to-sales ratios and negative free cash flow during their growth phase. Rising interest rates hit this sector hard — CLDD fell over 50% in 2022 as higher rates reduced the value of future cash flows.

ETFCheck Score6/100
Fees (40%)15
Fund Size (25%)0
Liquidity (20%)0
Yield (15%)0
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Frequently Asked Questions - CLDD

Why is CLDD considered the most interest-rate-sensitive tech ETF on the ASX?+
CLDD holds cloud computing companies like Snowflake, Datadog, and MongoDB whose valuations rely on discounting distant future cash flows - many are high-revenue-growth but low-or-negative current earnings. When the RBA or US Fed raises rates, higher discount rates mechanically reduce these valuations more severely than profitable tech peers. CLDD's 16.4% one-year return reflects recovery as rate expectations eased. Australian investors should monitor both RBA and Fed rate decisions, as CLDD effectively functions as a leveraged bet on declining interest rate environments.
CLDD pays 0% yield - what does that mean for SMSF compliance and tax planning?+
CLDD's zero yield reflects its holdings in growth-stage SaaS companies reinvesting all revenue into customer acquisition rather than returning capital. For SMSF trustees, this is compliant - there is no ATO requirement for super fund investments to generate income. Tax-wise, returns are captured entirely through capital gains, benefiting from the 50% CGT discount for personal investors holding over 12 months or the one-third discount within accumulating super funds. However, pension-phase SMSFs may struggle meeting minimum drawdown requirements without selling units.
How does CLDD's cloud computing index distinguish between SaaS, PaaS, and IaaS companies?+
CLDD tracks the INDXX Global Cloud Computing Index, which includes companies across all three cloud segments: Software-as-a-Service (Salesforce, ServiceNow), Platform-as-a-Service (Twilio, MongoDB), and Infrastructure-as-a-Service (Cloudflare, DigitalOcean). The index uses revenue-based classification rather than market-cap alone, ensuring pure-play cloud exposure. This means hyperscalers like Amazon and Microsoft, where cloud is one division among many, may have limited weighting compared to dedicated cloud firms. Australian investors get focused thematic exposure unavailable through broad Nasdaq ETFs like NDQ.
Should Australian investors choose CLDD over NDQ for technology exposure in 2024?+
CLDD offers concentrated cloud computing exposure while NDQ (MER 0.48%) provides diversified Nasdaq-100 access spanning mega-cap tech, healthcare, and consumer companies. NDQ's NVIDIA and Microsoft holdings capture cloud growth indirectly with less volatility and a lower MER. CLDD suits investors with high conviction in cloud-specific tailwinds like enterprise digital transformation and AI infrastructure buildout who accept greater drawdown risk. For most Australian portfolios, NDQ serves as a core tech allocation while CLDD works as a higher-risk satellite position at a comparable 0.57% MER.