FLSW
Franklin FTSE Switzerland ETF
FLSW tracks a market-cap-weighted index of large- and midcap companies listed in Switzerland.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
61.0 M
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | Franklin Templeton Investments |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 06, 2018 |
| Assets (mns) | $61 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROCHE HOLDING AG-BR | 13.9 % |
| NESTLE SA-REG | 13.6 % |
| NOVARTIS AG | 11.9 % |
| UBS GROUP AG | 5.8 % |
| ABB LTD. | 4.9 % |
| CIE FINANCIERE RICHEMON-BR A | 4.6 % |
| ZURICH FINANCIAL SERVICES AG | 4.4 % |
| HOLCIM LTD-REG | 3.4 % |
| SWISS RE AG | 2.9 % |
| LONZA GROUP AG-REG | 2.8 % |
Constituent Breakdown
| Number of holdings | 56 |
| Herfindahl-Hirschman Index | 690 |
| Wgt avg mkt cap (mns) | $100,019 |
| Large cap (>$10bn) | 80.2% |
| Mid cap ($2-10bn) | 5.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
SWITZERLAND | 97.7 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.8% | 10.7% | 9.4% | 2.6% | 6.7% | -- | -- | 5.9% |
| Dividend Yield | 0.0% | 0.2% | -1.1% | 0.9% | 3.3% | -- | -- | 2.4% |
| Total Returns | 11.8% | 10.9% | 8.4% | 3.5% | 10.0% | -- | -- | 8.3% | Ann. Volatility | 14.0% | 12.8% | 12.8% | 16.0% | 18.3% | -- | -- | 17.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.77 | 58% |
| MSCI EAFE | 0.95 | 86% |
| MSCI Emg Mkts | 0.74 | 52% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $1,934 |
Technical Indicators
| Recent close | $36.60 |
| 30d moving avg. | $35.69 |
| Annualized volatility | 17.7% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. FLSW |
Expenses vs. FLSW |
ALTAR Score™ vs. FLSW |
|---|---|---|---|---|
| EWL | iShares MSCI Switzerland ETF | 71.7% | +41 bp | -0.3% |
| FSZ | First Trust Switzerland AlphaDEX Fund | 33.7% | +71 bp | -1.1% |
| EUDG | WisdomTree Europe Quality Dividend Growth Fund | 21.6% | +49 bp | +0.5% |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 20.1% | 0 bp | +3.0% |
| EUDV | ProShares MSCI Europe Dividend Growers ETF | 19.5% | +46 bp | -0.4% |
| FICS | First Trust International Developed Capital Strength ETF | 17.0% | +61 bp | -0.6% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 16.9% | +20 bp | +0.5% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 14.6% | +16 bp | +1.2% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 14.6% | +37 bp | +0.6% |
| FLEE | Franklin FTSE Europe ETF | 14.3% | 0 bp | +1.2% |
Risk and Returns: FLSW vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/24/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
FLSW
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
FLSW
6.2%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.0%. FLSW's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places FLSW in the 21st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FLSWSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| FLSW (9 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FLSW | 9.0 | 10.6 | 19.6 |
| Peer Avg. | 55.4 | 62.5 | 117.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .