BUG - CLOU: This Cloud Computing ETF Practically Ignores The 'Big-3'

• The CLOU ETF has an aggregate weighting in the 'Big-3' cloud computing companies (Amazon, Alphabet, and Microsoft) of only 5.1%.
• That's about the same weighting as its #1 holding: Paylocity Holdings - which I honestly never heard of - but which is up 92% over the past 12 months.
• CLOU has an interesting top-10 list that some might think is priced at "cloud-9" levels, but earnings for the portfolio are expected to rise an estimated 60% this year.
• The market's semi-rotation from "growth" to "value" has CLOU up only 4.2% YTD even though cloud operators' earnings growth and fundamentals remain excellent.
• CLOU's valuation level concerns me. It could significantly lower risks by increasing its exposure to the Big-3, and that might even help performance at the same time.

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