BUYZ
Franklin Disruptive Commerce ETF
BUYZ is an actively managed portfolio of global equities expecting to benefit from disruptive commerce for consumers and businesses.
Global
EQUITY
Active
MANAGEMENT STYLE
50 bp
EXPENSES
$9.1 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Franklin Templeton |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 25, 2020 |
| Assets (mns) | $9 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AMAZON.COM INC | 9.7 % |
| UBER TECHNOLOGIES, INC. | 7.1 % |
| COSTCO WHOLESALE CORP | 6.3 % |
| SHOPIFY, INC. CLASS A | 5.9 % |
| DOORDASH, INC. CLASS A | 4.9 % |
| WW GRAINGER INC | 4.9 % |
| MERCADOLIBRE INC | 4.3 % |
| BOOKING HOLDINGS INC. | 4.2 % |
| FASTENAL CO | 3.9 % |
| COPART INC | 3.7 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 412 |
| Wgt avg mkt cap (mns) | $363,412 |
| Large cap (>$10bn) | 90.8% |
| Mid cap ($2-10bn) | 9.1% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 92.3% |
| Emerging mkts. | 7.7% |
Country Exposure
 |
UNITED STATES | 75.8 % |
 |
CANADA | 8.1 % |
 |
ARGENTINA | 4.3 % |
 |
CHINA | 4.1 % |
 |
NETHERLANDS | 2.0 % |
 |
INDIA | 2.0 % |
 |
ISRAEL | 1.1 % |
 |
JAPAN | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.7% | 17.3% | 21.2% | -16.8% | -- | -- | 9.1% | Volatility | 16.5% | 17.5% | 25.0% | 29.2% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.40 | 73% |
| MSCI EAFE | 1.27 | 56% |
| MSCI Emg Mkts | 1.04 | 39% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.32% |
| ADV of underlying (mns) | $51,632 |
Technical Indicators
| Recent close | $30.42 |
| 30d moving avg. | $31.43 |
| Annualized volatility | 29.5% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BUYZ |
Expenses vs. BUYZ |
ALTAR Score™ vs. BUYZ |
|---|---|---|---|---|
| PNQI | Invesco NASDAQ Internet ETF | 33.2% | +10 bp | +0.4% |
| ISHP | First Trust Nasdaq Retail ETF | 31.0% | +10 bp | +1.0% |
| PWB | Invesco Large Cap Growth ETF | 25.8% | +6 bp | +1.3% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 25.5% | +25 bp | +0.1% |
| IYC | iShares U.S. Consumer Discretionary ETF | 25.5% | -10 bp | +1.7% |
| MILN | Global X Millennial Consumer ETF | 25.3% | 0 bp | +0.9% |
| FDN | First Trust Dow Jones Internet Index Fund | 25.2% | +2 bp | +0.2% |
| TMFE | Motley Fool Capital Efficiency 100 Index ETF | 22.7% | 0 bp | +2.3% |
| IBUY | Amplify Online Retail ETF | 22.0% | +15 bp | -0.6% |
| NULG | Nuveen ESG Large-Cap Growth ETF | 21.6% | -24 bp | +2.5% |
Risk and Returns: BUYZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BUYZ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
BUYZ
2.2%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.2% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. BUYZ's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places BUYZ in the 35th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BUYZ
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| BUYZ (50 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BUYZ | 50.0 | 31.7 | 81.7 |
| Peer Avg. | 77.1 | 49.6 | 126.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .