Franklin Disruptive Commerce ETF
ALTAR
Score™
-0.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
279.6x P/Sales
ratio
7.6x
P/BV
ratio
20.0x Div.
yield
0.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BUYZ is an actively managed portfolio of global equities expecting to benefit from disruptive commerce for consumers and businesses.

FUND BASICS
Category Global Equities
Fund Sponsor Franklin Templeton
Website www.franklintempleton.com
Inception date Feb 25, 2020
Assets (mns) $25
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 59
Wgt avg mkt cap (mns) $202,007
Large cap (>$10bn) 80.8%
Mid cap ($2-10bn) 16.9%
Small cap (<$2bn) 0.0%
Developed mkts 78.2%
Emerging mkts 21.9%

TOP TEN HOLDINGS
SEA LTD. (SINGAPORE) SPONSORED ADR 7.0 %
FIVERR INTERNATIONAL LTD. 6.0 %
SHOPIFY, INC. CLASS A 5.4 %
AMAZON.COM INC 5.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR 4.8 %
MERCADOLIBRE INC 4.2 %
COUPA SOFTWARE, INC. 3.2 %
PAYPAL HOLDINGS INC 3.1 %
SQUARE, INC. CLASS A 3.1 %
DOCUSIGN, INC. 3.1 %
Total 45.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 52.0 %
CHINA 13.3 %
ISRAEL 8.4 %
SINGAPORE 7.0 %
CANADA 5.4 %
ARGENTINA 4.2 %
NETHERLANDS 2.3 %
GERMANY 1.8 %
AUSTRALIA 1.1 %
JAPAN 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
98.6% -- -- -- 98.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $44.95
30d moving avg. $43.31
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 19
Turnover 3.5%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $61,797

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Franklin Disruptive Commerce ETF ETF based on the alternatives' overlap in portfolio holdings with BUYZ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BUYZ Expense: 50 bp ALTAR Score™: -0.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BUYZ
Ticker Fund
Name
Overlap1
vs BUYZ
(%)
Expense
ratio
(bp)
Savings
vs BUYZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs BUYZ
(%)
OGIG O'Shares Global Internet Giants ETF 37.7 48 2 0.5 +0.7
GBUY Goldman Sachs Motif New Age Consumer ETF 35.3 50 0 1.7 +1.9
GIGE SoFi Gig Economy ETF 34.3 59 -9 -0.8 -0.6
PNQI Invesco NASDAQ Internet ETF 34.0 60 -10 0.9 +1.1
IBUY Amplify Online Retail ETF 30.3 65 -15 -1.1 -1.0
ARKF ARK Fintech Innovation ETF 28.0 75 -25 0.3 +0.5
FDNI First Trust Dow Jones International Internet ETF 27.4 65 -15 2.0 +2.2
PLAT WisdomTree Modern Tech Platforms Fund 26.2 20 30 1.5 +1.7
MMLG First Trust Multi-Manager Large Growth ETF 24.4 85 -35 2.0 +2.2
EBIZ Global X E-Commerce ETF 24.2 50 0 2.4 +2.6
TTTN UP Fintech China-U.S. Internet Titans ETF 23.6 59 -9 4.2 +4.4
ARKW ARK Web x.0 ETF 23.2 76 -26 -0.8 -0.6
ALFA AlphaClone Alternative Alpha ETF 22.3 65 -15 -0.5 -0.3
GVIP Goldman Sachs Hedge Industry VIP ETF 21.2 45 5 3.7 +3.8
FDG American Century Focused Dynamic Growth ETF 20.8 45 5 1.6 +1.8
FDN First Trust Dow Jones Internet Index Fund 20.7 52 -2 2.0 +2.2
WUGI Esoterica NextG Economy ETF 20.7 75 -25 1.5 +1.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 20.2 86 -36 2.1 +2.3
IWFH iShares Virtual Work and Life Multisector ETF 19.5 47 3 0.9 +1.1
MILN Global X Millennials Thematic ETF 19.4 50 0 2.2 +2.4
SLT Salt TruBeta High Exposure ETF 19.0 60 -10 3.2 +3.4
AIQ Global X Future Analytics Tech ETF 18.9 68 -18 4.0 +4.2
THNQ ROBO Global Artificial Intelligence ETF 18.2 68 -18 1.6 +1.8
FPX First Trust US IPO Index Fund 18.1 58 -8 1.4 +1.6
FTC First Trust Large Cap Growth AlphaDEX Fund 17.8 61 -11 2.7 +2.9
XITK SPDR FactSet Innovative Technology ETF 17.7 45 5 0.2 +0.4
IGM iShares Expanded Tech Sector ETF 17.5 46 4 3.7 +3.8
JOYY Infusive Compounding Global Equities ETF 17.4 50 0 3.6 +3.8
GURU Global X Guru Index ETF 17.4 75 -25 3.8 +4.0
SFYF SoFi 50 ETF 17.1 29 21 2.0 +2.2
BTEK BlackRock Future Tech ETF 16.9 88 -38 0.7 +0.9
TECB iShares US Tech Breakthrough Multisector ETF 16.8 40 10 3.9 +4.1
XBUY Amplify International Online Retail ETF 16.7 69 -19 -0.5 -0.3
XNTK SPDR NYSE Technology ETF 16.6 35 15 3.4 +3.6
IETC iShares Evolved U.S. Technology ETF 16.5 18 32 3.7 +3.9
SKYY First Trust Cloud Computing ETF 16.0 60 -10 2.4 +2.6
TMFC Motley Fool 100 Index ETF 15.6 50 0 3.3 +3.5
ECOZ TrueMark ESG Active Opportunities ETF 15.3 58 -8 3.6 +3.8
IWF iShares Russell 1000 Growth ETF 15.3 19 31 3.6 +3.8
VUG Vanguard Growth Index Fund 15.2 4 46 3.8 +4.0
SCHG Schwab U.S. Large-Cap Growth ETF 15.2 4 46 3.4 +3.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 15.2 68 -18 5.4 +5.6
VONG Vanguard Russell 1000 Growth Index Fund 15.2 8 42 3.7 +3.9
ENTR Entrepreneur 30 Fund 15.1 49 1 1.2 +1.4
GENY Principal Millennials Index ETF 15.1 45 5 3.7 +3.9
AIEQ AI Powered Equity ETF 15.1 87 -37 2.7 +2.9
JKE iShares Morningstar Large-Cap Growth ETF 14.9 25 25 2.9 +3.1
MGK Vanguard Mega Cap Growth ETF 14.7 7 43 3.9 +4.1
ESGV Vanguard ESG U.S. Stock ETF 14.3 12 38 4.9 +5.1
CLOU Global X Cloud Computing ETF 14.2 68 -18 0.5 +0.7
TPAY Tortoise Digital Payments Infrastructure Fund 14.1 40 10 5.7 +5.9
QMOM Alpha Architect U.S. Quantitative Momentum ETF 13.9 49 1 1.2 +1.4
FDMO Fidelity Momentum Factor ETF 13.9 29 21 3.2 +3.4
DWLD Davis Select Worldwide ETF 13.9 63 -13 6.2 +6.4
JMOM JPMorgan U.S. Momentum Factor ETF 13.8 12 38 3.3 +3.5
IWY iShares Russell Top 200 Growth ETF 13.8 20 30 3.8 +3.9
SYG SPDR MFS Systematic Growth Equity ETF 13.5 60 -10 3.9 +4.1
JKH iShares Morningstar Mid-Cap Growth ETF 13.5 30 20 2.0 +2.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 13.3 20 30 4.7 +4.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 13.3 32 18 11.3 +11.5
CHIL Global X MSCI China Large-Cap 50 ETF 13.1 29 21 7.5 +7.7
ONLN ProShares Online Retail ETF 13.0 58 -8 0.7 +0.9
IWL iShares Russell Top 200 ETF 13.0 15 35 4.7 +4.9
VOOG Vanguard S&P 500 Growth ETF 13.0 10 40 4.1 +4.3
MGC Vanguard Mega Cap Index Fund 12.9 7 43 4.9 +5.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 12.9 75 -25 2.3 +2.5
SPYG SPDR Portfolio S&P 500 Growth ETF 12.9 4 46 4.2 +4.4
IVW iShares S&P 500 Growth ETF 12.9 18 32 16.7 +16.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 12.9 60 -10 3.9 +4.1
IUSG iShares Core S&P US Growth ETF 12.8 4 46 4.2 +4.4
BKLC BNY Mellon US Large Cap Core Equity ETF 12.8 0 50 4.9 +5.1
KOIN Innovation Shares NextGen Protocol ETF 12.7 95 -45 4.4 +4.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 12.7 75 -25 3.7 +3.9
GXC SPDR S&P China ETF 12.7 59 -9 7.7 +7.8
BLOK Amplify Transformational Data Sharing ETF 12.7 70 -20 4.3 +4.5
GFIN Goldman Sachs Motif Finance Reimagined ETF 12.7 50 0 5.3 +5.5
BOSS Global X Founder-Run Companies ETF 12.7 45 5 3.2 +3.4
XLG Invesco S&P 500 Top 50 ETF 12.6 20 30 4.3 +4.5
FLCH Franklin FTSE China ETF 12.6 19 31 8.1 +8.3
MCHI iShares MSCI China ETF 12.6 59 -9 7.6 +7.8
SPXV ProShares S&P 500 Ex-Health Care ETF 12.6 27 23 4.8 +5.0
VFMO Vanguard U.S. Momentum Factor ETF 12.5 13 37 0.7 +0.9
EEMO Invesco S&P Emerging Markets Momentum ETF 12.5 29 21 4.0 +4.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 12.5 12 38 4.5 +4.7
CCON Direxion Connected Consumer ETF 12.3 45 5 1.1 +1.3
OEF iShares S&P 100 ETF 12.3 20 30 4.6 +4.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 12.3 7 43 5.0 +5.2
WFH Direxion Work From Home ETF 12.3 45 5 5.3 +5.5
FCTR First Trust Lunt U.S. Factor Rotation ETF 12.2 65 -15 2.9 +3.1
LCG Sterling Capital Focus Equity ETF 12.2 59 -9 2.5 +2.7
SPXN ProShares S&P 500 Ex-Financials ETF 12.2 27 23 4.7 +4.9
PSJ Invesco Dynamic Software ETF 12.2 56 -6 11.7 +11.9
SFY SoFi Select 500 ETF 12.2 0 50 4.9 +5.1
FFTY Innovator IBD 50 ETF 12.1 80 -30 4.4 +4.6
ESGU iShares MSCI USA ESG Optimized ETF 12.1 15 35 4.8 +5.0
KALL KraneShares FTSE Emerging Markets Plus ETF 12.0 49 1 7.9 +8.1
KWEB KraneShares CSI China Internet ETF 12.0 76 -26 2.0 +2.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 11.9 52 -2 4.9 +5.1
PBUS Invesco PureBeta MSCI USA ETF 11.9 4 46 5.0 +5.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Franklin Disruptive Commerce ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.6 %
Divided by: Fwd. P/BV 18.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score -0.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.