FSZ
First Trust Switzerland AlphaDEX Fund
First Trust Switzerland AlphaDEX Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the Defined Switzerland Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
68.4 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 14, 2012 |
| Assets (mns) | $68 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SWISSQUOTE GROUP HOLDING-REG | 5.4 % |
| BKW AG | 4.6 % |
| SWISS RE AG | 4.5 % |
| HOLCIM LTD-REG | 4.3 % |
| NOVARTIS AG | 4.2 % |
| ACCELLERON INDUSTRIES AG | 4.2 % |
| HELVETIA HOLDING AG-REG | 4.1 % |
| JULIUS BAER GRUPPE AG | 3.7 % |
| SWISSCOM AG | 3.6 % |
| SANDOZ GROUP AG | 3.5 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 307 |
| Wgt avg mkt cap (mns) | $37,438 |
| Large cap (>$10bn) | 55.2% |
| Mid cap ($2-10bn) | 42.9% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 98.7% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
SWITZERLAND | 98.7 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.6% | 19.4% | 6.5% | 6.0% | 9.9% | 5.5% | -- | 6.7% |
| Dividend Yield | 0.0% | 0.0% | 1.2% | 2.2% | 2.1% | 1.9% | -- | 2.0% |
| Total Returns | 14.6% | 19.4% | 7.6% | 8.2% | 12.1% | 7.5% | -- | 8.7% |
| Ann. Volatility | 21.1% | 16.7% | 15.6% | 21.5% | 20.0% | 19.1% | -- | 18.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 52% |
| MSCI EAFE | 0.96 | 77% |
| MSCI Emg Mkts | 0.78 | 51% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.43% |
Technical Indicators
| Recent close | $76.03 |
| 30d moving avg. | $71.83 |
| Annualized volatility | 18.6% |
| Relative strength (RSI) | 64 |
| Short interest | 0.1% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| EWL | iShares MSCI Switzerland ETF | 34.6% | -30 bp | +5.9% |
| FLSW | Franklin FTSE Switzerland ETF | 32.4% | -71 bp | +6.1% |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 12.9% | -71 bp | +9.2% |
| FICS | First Trust International Developed Capital Strength ETF | 12.6% | -10 bp | +6.0% |
| HDMV | First Trust Horizon Managed Volatility Developed Intl ETF | 10.8% | 0 bp | +5.5% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 10.4% | -51 bp | +6.6% |
Risk and Returns: 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
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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 5/31/2025
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
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™
4.8%
Cat. Avg
7.2%
ALTAR Score™ Calculation
Category Overview
There are 256 funds in the International Equity category, with an average ALTAR Score™
of 7.2% and a standard deviation of
1.9%. 's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places in the 10st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FSZSELL
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 |
| (80 bp) Percentile rank | 93 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 80.0 | 0.0 | 80 | |
| Peer Avg. | 44.4 | 23.5 | 67.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .