High. This portfolio invests in technology companies that may experience periods of higher volatility. While the Cloud Computing sector presents long-term growth potential, performance may be influenced by changes in technology spending, regulatory developments, and market conditions.
You are seeking diversified exposure to the cloud computing sector, including companies involved in software, platform services, infrastructure, and data centers, supported by ongoing trends in digital transformation and cloud technology adoption.
The Cloud Computing portfolio provides broad exposure to the cloud computing sector by investing across multiple segments, including Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), and data centers.
The portfolio’s scope is based on the increasing demand for cloud services driven by several structural factors. These include enterprise digital transformation initiatives, the growth of large language models (LLMs), and advancements in AI technologies that require significant cloud computing resources.
Infrastructure-as-a-Service (IaaS): Companies provide access to core computing resources such as virtual machines, storage, and networking, enabling organizations to build and manage their own solutions.
Platform-as-a-Service (PaaS): Providers offer platforms for developing, deploying, and managing applications without requiring direct management of the underlying infrastructure.
Software-as-a-Service (SaaS): Companies deliver software applications over the internet, allowing users to access them without local installation or maintenance.
Data Center: Companies offer the physical infrastructure needed to store and process the increasing volume of digital data associated with cloud services.
This diversified investment approach seeks to capture opportunities across the cloud computing value chain, balancing exposure to companies involved in software delivery, platform development, computing infrastructure, and data storage facilities. The portfolio is positioned to participate in the continued growth of cloud technologies as businesses adopt cloud-based solutions across various industries.
For this portfolio, we have identified the below companies:
| Company | Description |
|---|---|
| Amazon.com, Inc. (AMZN) | Amazon Web Services (AWS) is the world's leading cloud computing platform, providing on-demand computing power, database storage, and other essential IT resources for businesses. |
| Salesforce, Inc. (CRM) | Salesforce is a dominant force in customer relationship management software, delivering its powerful tools entirely through a cloud-based subscription model for businesses of all sizes. |
| Dropbox, Inc. (DBX) | Dropbox provides a popular cloud storage and file synchronization service, allowing users and teams to securely store, share, and collaborate on digital files from any device. |
| Datadog, Inc. (DDOG) | Datadog offers a monitoring and analytics platform for developers to observe applications and infrastructure, which is primarily delivered as a service through the cloud. |
| DigitalOcean Holdings, Inc. (DOCN) | DigitalOcean provides a simple and developer-friendly cloud infrastructure platform, empowering startups and small businesses to build, deploy, and scale applications with ease. |
| HubSpot, Inc. (HUBS) | HubSpot delivers a cloud-based customer relationship management platform that helps companies with their marketing, sales, customer service, and content management operations. |
| MongoDB, Inc. (MDB) | MongoDB offers a leading modern database platform which is available as a fully managed cloud service, enabling developers to build scalable and flexible applications. |
| Microsoft Corporation (MSFT) | Microsoft is a major competitor in cloud computing with its Azure platform, offering a vast range of services for building, testing, deploying, and managing applications. |
| Cloudflare, Inc. (NET) | Cloudflare operates a global network designed to make websites and applications faster and more secure, providing essential content delivery and security services via the cloud. |
| ServiceNow, Inc. (NOW) | ServiceNow provides a powerful cloud-based platform that helps automate IT and business workflows, improving operational efficiencies for large enterprises around the world. |
| Nutanix, Inc. (NTNX) | Nutanix delivers a hybrid multi-cloud platform that integrates computing and storage, simplifying datacenter infrastructure and enabling seamless management of applications across different clouds. |
| Snowflake Inc. (SNOW) | Snowflake operates a cloud-based data platform that enables organizations to store, process, and analyze massive amounts of data with high performance and scalability. |
| Twilio Inc. (TWLO) | Twilio provides a cloud communications platform that allows software developers to programmatically add voice, video, and messaging capabilities to their applications. |
| Workday, Inc. (WDAY) | Workday offers cloud-based enterprise applications for financial and human capital management, helping organizations manage their workforce, payroll, and finances more effectively. |
| Zoom Video Communications, Inc. (ZM) | Zoom provides a popular cloud-based video communications platform that facilitates online meetings, webinars, and collaboration for both individuals and large enterprises worldwide. |
| Zscaler, Inc. (ZS) | Zscaler operates a global cloud security platform that provides secure access to applications and data, protecting users from cyberthreats regardless of their physical location. |