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
61.9 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) | $62 |
| 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 | 13.5 % |
| NESTLE SA-REG | 12.4 % |
| NOVARTIS AG | 11.2 % |
| UBS GROUP AG | 5.9 % |
| CIE FINANCIERE RICHEMON-BR A | 5.0 % |
| ABB LTD. | 5.0 % |
| ZURICH FINANCIAL SERVICES AG | 4.1 % |
| HOLCIM LTD-REG | 3.3 % |
| LONZA GROUP AG-REG | 3.0 % |
| ALCON, INC. | 2.8 % |
Constituent Breakdown
| Number of holdings | 56 |
| Herfindahl-Hirschman Index | 621 |
| Wgt avg mkt cap (mns) | $83,693 |
| Large cap (>$10bn) | 79.5% |
| Mid cap ($2-10bn) | 7.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
SWITZERLAND | 95.6 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.8% | 12.7% | 11.8% | 4.8% | 9.0% | -- | 8.2% | Volatility | 14.0% | 12.8% | 12.8% | 16.0% | 18.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 60% |
| MSCI EAFE | 0.95 | 86% |
| MSCI Emg Mkts | 0.73 | 51% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $1,934 |
Technical Indicators
| Recent close | $36.35 |
| 30d moving avg. | $35.20 |
| Annualized volatility | 17.8% |
| Relative strength (RSI) | 67 |
| 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 | 70.4% | +41 bp | -0.8% |
| FSZ | First Trust Switzerland AlphaDEX Fund | 33.0% | +71 bp | -0.8% |
| EUDG | WisdomTree Europe Quality Dividend Growth Fund | 21.0% | +49 bp | +1.1% |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 19.6% | 0 bp | +4.4% |
| EUDV | ProShares MSCI Europe Dividend Growers ETF | 18.5% | +46 bp | +0.3% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 16.7% | +20 bp | +0.9% |
| FLEE | Franklin FTSE Europe ETF | 14.4% | 0 bp | +1.6% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 14.3% | +16 bp | +1.7% |
| DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 14.2% | +37 bp | +1.4% |
| FICS | First Trust International Developed Capital Strength ETF | 14.0% | +61 bp | +0.2% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 3/10/2025
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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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
FLSW
4.5%
Cat. Avg
6.8%
ALTAR Score™ Calculation
Category Overview
There are 259 funds in the International Equity category, with an average ALTAR Score™
of 6.8% and a standard deviation of
2.4%. FLSW's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places FLSW in the 18th 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. | 52.0 | 59.9 | 111.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .