Analysis

Key stats

About Fidelity Cloud Computing ETF

FCLD provides pure vanilla exposure to the global cloud computing industry. The fund includes developed and emerging markets firms of any size that generate at least 50% of their revenue from one or more of the following business activities: cloud infrastructure, cloud platforms, and cloud software. Eligible companies are then assigned with thematic relevancy scores based on a proprietary natural language processing algorithmwhich identifies cloud computing firms using keywords from publicly available company documents. The highest scored companies are selected for inclusion and are weighted by market-cap. The index rebalances quarterly.