BUYZ – Franklin Disruptive Commerce ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of companies that are relevant to its investment theme of disruptive commerce. The fund invests predominantly in common stock. Although it may invest across economic sectors, the fund concentrates its investments in consumer discretionary related industries. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BUYZ	Franklin Disruptive Commerce ETF	ETF	Open			Feb 25, 2020	$5.14M	0.500%	—	—	−$1.76M

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