Franklin Disruptive Commerce ETF
BUYZ
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- Franklin Disruptive Commerce ETF (BUYZ) is an actively managed exchange-traded fund that seeks capital appreciation by investing primarily in equity securities of companies worldwide, including emerging markets, positioned to benefit from disruptive commerce innovations in consumer and business markets. The fund concentrates its portfolio in the consumer discretionary sector, targeting firms revolutionizing online markets, procurement systems, procurement platforms, and the delivery of goods and services through customized, secure, and efficient buying processes; key holdings include Amazon.com Inc., Shopify Inc., DoorDash Inc., MercadoLibre Inc., Booking Holdings Inc., Meta Platforms Inc., and Netflix Inc., alongside global names such as Tencent Holdings Ltd., Sea Ltd., and Prosus NV. Managed by Franklin Equity Group, a Silicon Valley-based team leveraging bottom-up fundamental analysis to identify disruptive business models, the ETF benchmarks against the Russell 3000 Index and distributes capital gains annually. Launched on February 25, 2020, and listed on Cboe BZX, BUYZ operates under Franklin Templeton ETF Trust with headquarters aligned to Franklin Templeton's operations in San Mateo, California. Geographically, the fund allocates approximately 71% to U.S. equities, 10% to Canada, 11% to Asia (including China, Singapore, South Korea, and Japan), 4% to Latin America (primarily Brazil), and smaller exposures to Europe and the Middle East/Africa, reflecting a global focus on large-cap growth stocks with a weighted average market capitalization of $514 billion across 56 holdings. In recent developments, Franklin Templeton, the fund's sponsor, expanded its active ETF lineup in October 2025 with two new international equity strategies, Putnam International Growth ETF (PGRI) and Templeton International ETF (TINS), enhancing its platform managing over $50 billion in global ETF assets; the firm also completed the acquisition of Apera Asset Management in September 2025 and formed strategic partnerships, including with Wand AI for agentic AI in asset management and Copenhagen Infrastructure Partners, DigitalBridge, and Actis for infrastructure solutions. As of November 2025, BUYZ maintains total net assets of $7.90 million, with a Morningstar rating of 8 in the Global Large-Stock Growth category and an expense ratio reflecting active management costs.