At a glance
XDAT charges 0.5% a year, the same as the average of the 8 funds most like it (the 6th cheapest of 9). It has $3.7M in assets, the 8th largest of that group. Over the past year it returned −4.2% with distributions reinvested (S&P 500: +11.5%), 7th of those 9 funds; over three years it returned +16.8% a year. At its worst it fell 44.2% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 26 months after the low. Its ten largest positions make up 56.1% of the fund, out of 59 in all.
The short version
Franklin Exponential Data ETF (XDAT) is an actively managed Franklin Templeton fund that picks stocks of companies expected to gain from the growth of data, such as Cloudflare, Alphabet and Meta Platforms. It is concentrated and very small: as of June 30, 2026, its 10 largest of 59 holdings made up 56% of assets, and net assets were about $3.7 million. Its 0.50% annual fee matches the average of similar funds.
Price history
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XDAT -4.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| XDAT official prospectus, to Dec 31, 2025 | — | +1.73% | — | +0.69% | — | — |
| Russell 3000® Index index, same period | — | +17.15% | — | +12.79% | — | — |
| XDAT price data to Oct 27, 2026 | +6.2% | -4.2% | +16.8% | -1.0% | — | +0.9% |
- Over the year to Oct 27, 2026, XDAT returned -4.2%, 7th of 9 among similar funds.
- Its 5-year annualized return was -1.0%.
- Its worst full calendar year was 2022 (-45.7%); its best was 2023 (+45.8%).
- The deepest fall in its price history was 54.9% (Nov 9, 2021 to Nov 9, 2022), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +6.2% | — |
| 2025 | +1.9% | +1.73% |
| 2024 | +16.5% | +16.60% |
| 2023 | +45.8% | +45.79% |
| 2022 | -45.7% | -45.66% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 44.2% over that stretch · deepest drop along the way 44.2%, back to its old high 25.5 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2024 | $0.0300 |
What's inside
As of Jun 30, 2026, the fund held 59 securities; the ten largest made up 56.13% of assets.
| Holding | Weight | |
|---|---|---|
| CLOUDFLARE INC | 10.03% | |
| ALPHABET INC | 9.66% | |
| META PLATFORMS INC | 6.36% | |
| SNOWFLAKE INC | 4.98% | |
| APPLOVIN CORP | 4.97% | |
| PALO ALTO NETWORKS INC | 4.49% | |
| CROWDSTRIKE HOLDINGS INC | 4.34% | |
| DATADOG INC | 4.07% | |
| MONGODB INC | 3.71% | |
| MICROSOFT CORP | 3.52% | |
| JFROG LTD | 3.41% | |
| ORACLE CORP | 2.61% | |
| NEBIUS GROUP NV | 2.47% | |
| ROKU INC | 2.39% | |
| SANDISK CORP | 2.19% |
By country
United States 90.23%Israel 3.73%Netherlands 2.47%Canada 1.54%Japan 0.66%By asset type
Stocks 98.97%By sector
Sectors of the companies held, for the 71.6% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $0.00 (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +7.69%, +15.03%, -4.37%.
How it works
XDAT does not track an index. Franklin Templeton's managers use their own “bottom-up” research, studying companies one at a time, to pick stocks they think are focused on, or will gain from, the growth of data. Examples include cloud computing, data storage and security, analytics, subscription software, personalized advertising and artificial intelligence. At least 80% of net assets goes into such companies. The managers may invest in firms of any size or sector, in the US or abroad, including developing countries. They may also hold real estate investment trusts (REITs), which own property.
The fund concentrates in information technology industries. It is also “non-diversified,” so it can hold bigger stakes in fewer companies. As of June 30, 2026, it held 59 stocks. Cloudflare (10.0%), Alphabet (9.7%) and Meta Platforms (6.4%) were the largest, and the top 10 made up 56% of assets. The strategy sets no fixed weighting formula or rebalancing schedule; the managers decide position sizes. They may exit a stock when it reaches its valuation target or size limit, its business weakens, policy changes hurt its outlook, or a better idea appears.
It uses no leverage. The June 30, 2026 holdings report showed no derivatives, such as options or swaps, and 0.9% in cash. Portfolio turnover, the share of holdings replaced in a year, was 31%.
What it really costs
- XDAT charges 0.5% a year, versus an average of 0.5% for the similar funds below (6th 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).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| XDAT | $51 | $160 | $279 | $629 |
In a retirement portfolio
A concentrated, non-diversified tech fund that has fallen as much as 54.9% fits a small slice of a portfolio better than a core role.
XDAT could add a focused stake in data and cloud companies to a broader portfolio, but it has been hit hard in downturns. It launched in January 2021, after the 2008 and 2020 crashes. In the 2022 downturn it fell 44.2% and took about 25.5 months, until November 26, 2024, to get back to its January 2022 level. Its deepest drop, 54.9% from November 2021 to November 2022, had still not been recovered as of October 27, 2026. Its worst calendar year was 2022, a 45.7% loss. Retirees drawing on it in a year like that would lock in steep losses.
It paid no income in the year to October 27, 2026. Its 0.50% yearly expense ratio comes to about $51 in the first year on $10,000, per the SEC's standard example. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting a small, actively managed stake in data and cloud stocks such as Cloudflare, Snowflake, Datadog and MongoDB beside broad index funds.
- Long-horizon investors who can stomach big swings: it lost 45.7% in 2022, then gained 45.8% in 2023.
- Growth-focused investors not needing income who accept a 0.50% fee, the similar-fund average, for active stock picking instead of an index.
Look elsewhere if
- Retirees seeking income: XDAT paid no distributions in the year to October 27, 2026.
- Those expecting market-like returns: through December 31, 2025, it averaged 0.69% a year over five years versus 12.79% for the Russell 3000 Index.
- Those preferring big, cheaper tech funds: XDAT had about $3.7 million in assets as of June 30, 2026, while iShares' IYW charges 0.39%.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| XDAT this fund | — | 0.5% | $3.7M | -4.2% | +16.8% |
| CLOD Themes Cloud Computing ETF | 42% | 0.35% | $2.5M | +1.1% | — |
| DRUP GraniteShares Nasdaq Select Disruptors ETF | 40% | 0.6% | $46.6M | +5.1% | +25.3% |
| OGIG ALPS | O’Shares Global Internet Giants ETF | 38% | 0.48% | $107.9M | -14.6% | +19.6% |
| IGV iShares Expanded Tech-Software Sector ETF | 31% | 0.41% | $13.54B | -11.8% | +13.8% |
| CIBR First Trust NASDAQ Cybersecurity ETF | 28% | 0.59% | $13.84B | +25.8% | +29.6% |
| PJFG PGIM Jennison Focused Growth ETF | 27% | 0.75% | $140.3M | +3.6% | +25.2% |
| IGM iShares Expanded Tech Sector ETF | 26% | 0.41% | $10.71B | +21.3% | +38.6% |
Questions investors ask
Does XDAT pay dividends?
Not in the year to October 27, 2026. XDAT made no distributions over that period, so its yield was 0%. That fits its stated objective of capital appreciation, which means growth in share price rather than income. Its return over that year came entirely from price changes in its stocks. Anyone wanting regular cash from this fund would have to redeem shares, which can lock in losses after a drop.
What stocks does XDAT hold?
As of June 30, 2026, XDAT's largest holdings were Cloudflare (10.0%), Alphabet (9.7%), Meta Platforms (6.4%), Snowflake (5.0%), AppLovin (5.0%), Palo Alto Networks (4.5%), CrowdStrike (4.3%), Datadog (4.1%), MongoDB (3.7%) and Microsoft (3.5%). Those 10 made up about 56% of assets, out of 59 stocks in all. About 90% was in US companies, with smaller stakes in Israel, the Netherlands and Canada. Because managers pick the stocks, the list can change between reports.
How has XDAT performed compared with the stock market?
It has lagged the broad market in the figures in its prospectus. Through December 31, 2025, its average annual returns were 1.73% over one year and 0.69% over five years, versus 17.15% and 12.79% for the Russell 3000 Index, a broad US stock benchmark. Calendar years swung from a 45.66% loss in 2022 to a 45.79% gain in 2023, followed by 16.6% in 2024. Based on price, it returned 16.8% a year over three years through October 27, 2026, but lost 4.2% over one year.
What's the difference between XDAT and CLOD?
The main differences are cost and recent returns. Their holdings overlap by about 42%, based on the latest reports filed with the SEC. Themes Cloud Computing ETF (CLOD) charges 0.35% a year, versus 0.50% for XDAT, whose managers pick stocks based on their own research. Over the year to October 27, 2026, CLOD returned 1.1% and XDAT lost 4.2%. Both are very small: CLOD had about $2.5 million in net assets and XDAT about $3.7 million as of June 30, 2026.
What is XDAT's expense ratio?
XDAT's expense ratio, the yearly cost taken from fund assets, was 0.50% in the prospectus filed July 27, 2026. All of it is the management fee, with no fee waiver. That matches the 0.50% average for similar funds; CLOD (0.35%) and IYW (0.39%) cost less, and PJFG (0.75%) costs more. In the SEC's standard example, $10,000 earning 5% a year would pay about $51 in costs over one year, $279 over five and $629 over 10.