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FLSW

GradeBNew York Stock Exchange Arca

Franklin FTSE Switzerland ETF

Countries & Regions · Franklin Templeton · Inception 2018-02-06 · SEC filings

$41.61−0.64 (−1.52%)

As of Sep 23, 2026, 1:10 PM EDT

Intraday session: down, 15 prints from 42.25 to 41.61. Range 41.56 to 42.25. Use the arrow keys to read each point.$41.80$42.00$42.2010 AM12 PM2 PM4 PM
Expense ratio
0.09%
Fund size
$80M
1Y return
+12.1%
Yield · Last 12 months
2.34%
Holdings
52
Volume · 30D
0M sh
NAV per share
$41.96
52W range
low $37.31high $45.33

The ETF.net FLSW Grade

B

61/ 100

Rank 15 of 38 in Developed Single Country⁠

Confidence High

Six-pillar profile for FLSW. Scores out of 100: Cost 93, Risk 60, Mission 64, Tradability 24, Holdings 41, Durability 20. Strongest: Cost (93). Weakest: Durability (20). Leans toward Cost.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 61 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 93
    Category rank6/38 · top 16%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 64
    Category rank19/35 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 60
    Category rank11/37 · top 30%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 24
    Category rank32/38 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 41
    Category rank26/36 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 20
    Category rank35/38 · bottom quartile

Graded as of Sep 22, 2026

Our read on FLSW

ETF.net Research

BSwitzerland for nine basis points. Franklin's take on the Swiss market tracks a capped FTSE index of roughly 50 large Swiss companies at a fee far below what the old-guard country funds charge.

Stated mandate

The fund seeks to track, before fees and expenses, the FTSE Switzerland RIC Capped Index.

Why people hold it

  1. 010.09% a year for a whole country. The typical developed single-country ETF charges many times that, including highly rated peers like EWU and EWC at 0.50%.
  2. 02The mandate is one line long: track the FTSE Switzerland RIC Capped Index before fees. No stock picking, no overlay, and the capped design limits how large any single name gets.
  3. 03Part of Franklin's flat-priced country lineup, so stacking it with siblings like FLAU or FLKR keeps the fee math identical across sleeves.
  4. 04Sits in the upper half of the developed single-country group, with cost doing most of the heavy lifting.

Worth knowing

  1. 01Thinly traded. The spread on a hurried market order can cost more than the fee you saved, which is why limit orders exist.
  2. 02About 50 stocks in one small market. A handful of Swiss giants drive much of the result, and the index cap trims that concentration rather than removing it.
  3. 03Distributions land once or twice a year, not monthly, so the income shows up in lumps.

FLSW Holdings

As of Sep 22, 2026, 9:37 PM
Asset class
Stocks
Holdings
52
Top-10 weight
67%
Largest holding
ROP.SW15.0%

Sectors

  • Health Care38.9%
  • Financials17.6%
  • Industrials13.6%
  • Cons. Staples13.6%
  • Materials7.9%
  • Consumer Discr.4.7%
  • Communication1.2%
  • Real Estate1.2%
  • Technology1.1%
  • Utilities0.2%

Geography

  • Switzerland98.85%
  • United States1.15%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ROP.SWROCHE HOLDING AG15.01%26,847$12M196
002NOVN.SWNOVARTIS AG-REG12.69%71,250$10M183
003NESN.SWNESTLE SA-REG11.62%98,306$9M162
004UBSG.SWUBS GROUP AG-REG7.57%118,313$6M137
005ABBN.SWABB LTD-REG4.58%36,366$4M180
006ZURN.SWZURICH INSURANCE GROUP AG3.71%4,028$3M153
007CFR.SWCIE FINANCIERE RICHEMO-A3.65%14,079$3M129
008SREN.SWSWISS RE AG2.68%12,559$2M120
009LONN.SWLONZA GROUP AG-REG2.65%3,154$2M116
010HOLN.SWHOLCIM LTD2.37%23,028$2M120
011SIKA.SWSIKA AG-REG2.09%7,334$2M110
012GALD.SWGALDERMA GROUP AG2.09%8,436$2M131
013SDZ.SWSANDOZ GROUP AG2.03%18,962$2M111
014ALC.SWALCON INC1.83%22,268$1M99
015GIVN.SWGIVAUDAN-REG1.81%350$1M112

Showing 1–15 of 54 holdings

FLSW Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FLSW$11,215
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FLSW $11,215. SPY $11,723. Use the arrow keys to read each point.$9,342$10,714$12,086Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FLSW. Periods over one year show the average yearly return.
PeriodFLSW
Year to date+4.1%
1 month−5.0%
3 months+0.1%
1 year+12.1%
3 years+14.1%per year
5 years+7.2%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FLSW
YearReturn barFLSW
2026 YTD+4.1%
2025+32.9%
2024−1.7%
2023+16.8%
2022−18.1%
2021+20.8%
2020+13.4%

FLSW in the news

ETF.net Research hasn’t filed on FLSW yet — coverage lands here as it’s written.

FLSW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.34%Last 12 months
Payout per share
$0.99Last 12 months
Last payment
$0.94 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2018–2026

One bar per payment. 16 payments from 2018 to 2026 YTD. Jun 20, 2018 $0.61; Jun 11, 2019 $0.30; Dec 11, 2019 $0.02; Jun 11, 2020 $0.64; Dec 14, 2020 $0.06; Jun 10, 2021 $0.66; Dec 13, 2021 $0.01; Jun 17, 2022 $0.54; Dec 16, 2022 $0.05; Jun 16, 2023 $0.74; Dec 15, 2023 $0.05; Jun 21, 2024 $0.64; Dec 20, 2024 $0.01; Jun 20, 2025 $0.83; Dec 19, 2025 $0.05; Jun 26, 2026 $0.94. Use the arrow keys to read each point.201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 26, 2026Jul 6, 2026$0.94
Dec 19, 2025Dec 29, 2025$0.05
Jun 20, 2025Jun 27, 2025$0.83
Dec 20, 2024Dec 30, 2024$0.01
Jun 21, 2024Jun 28, 2024$0.64
Dec 15, 2023Dec 26, 2023$0.05
Jun 16, 2023Jun 27, 2023$0.74
Dec 16, 2022Dec 22, 2022$0.05
Jun 17, 2022Jun 28, 2022$0.54
Dec 13, 2021Dec 21, 2021$0.01
Jun 10, 2021Jun 18, 2021$0.66
Dec 14, 2020Dec 23, 2020$0.06

FLSW Risk

How much the fund’s monthly returns vary, scaled to a year.
15.0%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.63
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.2%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.98
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FLSW Cost

Expense ratio0.09%
  • The middle half of Developed Single Country funds
  • Median 0.50%

No Developed Single Country fund charges less.

FLSW costs $9.00 a year on $10,000. The median Developed Single Country fund costs $50.00.