Franklin Disruptive Commerce ETF

Franklin Disruptive Commerce ETF (BUYZ) is an actively managed Franklin Templeton fund that picks stocks tied to online shopping, digital payments and delivery. As of June 30, 2026, its largest holdings were Amazon and Shopify. Its 0.50% expense ratio, the yearly fee, is below the 0.60% average for similar funds. But with about $5.1 million in assets, it is the smallest in that group, and it lost 49.65% in 2022.

• Over the year to Oct 27, 2026, BUYZ returned -18.6%, 9th of 9 among similar funds.
• Its 5-year annualized return was -6.6%.
• Its worst full calendar year was 2022 (-49.8%); its best was 2023 (+39.1%).
• The deepest fall in its price history was 66% (Feb 22, 2021 to Oct 14, 2022), not yet recovered.

As of Jun 30, 2026, the fund held 58 securities; the ten largest made up 49.17% of assets.

By sector

• Over the three months to Jun 30, 2026, investors withdrew a net $1.8M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +9.88%, -0.48%, -3.27%.

BUYZ does not track an index. It is an actively managed ETF, so Franklin Templeton's investment manager picks the stocks. Under normal conditions, at least 80% of net assets go into companies the manager sees as tied to “disruptive commerce.” The prospectus defines that broadly: e-commerce, auctions, the sharing economy, electronic payments, drop shipping (shipping orders straight from a supplier), direct marketing and falling transport and delivery costs.

The manager uses its own “bottom-up,” company-by-company research to find the companies that stand to gain most from changes in how consumers and businesses shop. It may own companies of any size, sector or country, including emerging markets. Because there is no index, there is no set weighting formula or rebalancing date, and the manager decides how big each position is. It may exit a stock that hits a valuation target or position-size limit, or whose business or policy outlook gets worse. It may also exit when better ideas appear. Portfolio turnover, a measure of trading activity, was 34%.

BUYZ is “non-diversified,” so it can hold bigger stakes in fewer companies. It also concentrates in consumer discretionary industries, whose sales depend on spending people can put off. As of June 30, 2026, it had 58 holdings, and the 10 largest made up 49% of assets. Amazon led at 11.0%, followed by Shopify at 8.4%. About 80% was in US companies. It held no derivatives.

• BUYZ charges 0.5% a year, versus an average of 0.6% for the similar funds below (1st of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $51 in the first year and $629 over 10 years (assuming a 5% annual return).

BUYZ is a concentrated, actively managed bet on e-commerce stocks that lost 49.65% in 2022, so it fits as a small add-on rather than a core holding.

BUYZ is a concentrated bet on online shopping and payments. Launched in 2020, it has no 2008 record, and its price history here starts in February 2021, after the COVID crash. In the 2022 market downturn it fell 50.7% from January 3 to June 16, 2022. It did not get back to its starting level until July 18, 2025, about 37 months later. A deeper 66% drop, from February 2021 to October 2022, was still not made back as of October 27, 2026. Anyone withdrawing money during 2022, when it lost 49.65%, would have locked in big losses.

It paid no distributions in the year to October 27, 2026, so it provides no income. It costs 0.50% a year. In the SEC's standard example ($10,000 invested, 5% annual returns), that comes to $51 in year one and $629 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.