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Launched · SEC filings

First Trust Switzerland AlphaDEX Fund

FSZNasdaqFirst TrustC

$82.88−0.58 (−0.70%)

As of Nov 10, 2026, 10:50 AM ET

C45/ 100

Rank 25 of 38 in Developed Single Country

C45/100Rank 25 of 38inDeveloped Single Country
Intraday session: down, 17 prints from 83.46 to 82.88. Range 82.88 to 83.48. Use the arrow keys to read each point.83.0083.1083.2083.3010 AM12 PM2 PM4 PM
Expense ratio
0.80%
Fund size
$37M
1Y total return
+12.0%
Yield · Last 12 months
1.96%
Holdings
41
Avg volume · 30D
875 sh
52W range
low $75.28high $86.44
Launched
Filings
SEC EDGAR

The ETF.net FSZ Grade

C

Score 45 out of 100

Category
Developed Single Country⁠
Rank
25 of 38
Six-pillar profile for FSZ. Scores out of 100: Cost 4, Risk 63, Mission 73, Tradability 39, Holdings 81, Durability 47. Strongest: Holdings (81). Weakest: Cost (4). Leans toward Holdings.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F4 out of 100
    Rank 36 of 38

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A73 out of 100
    Rank 13 of 35

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B63 out of 100
    Rank 10 of 38

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D39 out of 100
    Rank 27 of 38

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A81 out of 100
    Rank 3 of 36

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 26 of 38

Our read on FSZ

ETF.net Research

In short

CA Switzerland fund that doesn't just mirror the Swiss market. FSZ runs Swiss stocks through First Trust's AlphaDEX growth-and-value rules and lands on about 40 names, so the screen shapes results as much as the country does.

Stated mandate

The fund seeks to track, before fees and expenses, the price and yield of the Nasdaq AlphaDEX® SwitzerlandTM Index. That index selects and weights Swiss securities from the Nasdaq SwitzerlandTM Index using AlphaDEX criteria.

Why people hold it

  • AlphaDEX selects and weights Swiss stocks on growth and value rules, ending at about 40 names rather than a cap-weighted copy of the market.ftportfolios.com
  • Live since 2012, so the screen has a long public record across real market cycles instead of a backtest.
  • Plain mandate, no moving parts: one country, one published index, quarterly distributions, standard 1940 Act fund wrapper.

Worth knowing

  • At 0.80% a year, this sits at the expensive end of single-country developed funds; cohort peers such as FLKR and FLAU charge a small fraction of that.
  • A small asset base and thin trading mean spreads can be wide, so order size and timing matter more here than in a mainstream country fund.
  • About 40 screened names can drift a long way from the broad Swiss market, in either direction.

FSZ Performance

Launched Feb 14, 2012

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

FSZ$11,197
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. FSZ $11,197. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 FSZ. Periods over one year show the average yearly return.
PeriodFSZ
Year to date+6.0%
1 month+6.3%
3 months+0.1%
1 year+12.0%
3 yearsper year+15.2%
5 yearsper year+5.7%
10 yearsper year+9.8%

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 FSZ
YearReturn barFSZ
2026 YTD+6.0%
2025+30.1%
2024−1.9%
2023+21.3%
2022−20.2%
2021+20.2%
2020+13.8%

FSZ in the news

FSZ 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 Nov 9, 2026.
1.96%Last 12 months
Payout per share
$1.64Last 12 months
Last payment
$0.81 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 22 payments from 2017 to 2026 YTD. Jun 22, 2017 $0.78; Jun 21, 2018 $1.00; Mar 21, 2019 $0.01; Jun 14, 2019 $0.98; Sep 25, 2019 $0.09; Jun 25, 2020 $0.77; Dec 24, 2020 $0.15; Jun 24, 2021 $0.59; Sep 23, 2021 $0.22; Dec 23, 2021 $0.35; Jun 24, 2022 $1.32; Sep 23, 2022 $0.51; Dec 23, 2022 $0.09; Mar 24, 2023 $0.09; Jun 27, 2023 $1.28; Jun 27, 2024 $1.00; Dec 13, 2024 $0.13; Mar 27, 2025 $0.04; Jun 26, 2025 $1.11; Dec 12, 2025 $0.28; Mar 26, 2026 $0.54; Jun 25, 2026 $0.81. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.81
Mar 26, 2026Mar 31, 2026$0.54
Dec 12, 2025Dec 31, 2025$0.28
Jun 26, 2025Jun 30, 2025$1.11
Mar 27, 2025Mar 31, 2025$0.04
Dec 13, 2024Dec 31, 2024$0.13
Jun 27, 2024Jun 28, 2024$1.00
Jun 27, 2023Jun 30, 2023$1.28
Mar 24, 2023Mar 31, 2023$0.09
Dec 23, 2022Dec 30, 2022$0.09
Sep 23, 2022Sep 30, 2022$0.51
Jun 24, 2022Jun 30, 2022$1.32

See all 33 payments⁠

$10,000 in FSZ 10 years ago paid $3,065 in dividends.⁠

FSZ Risk

Risk pillarB63 out of 100Rank 10 of 38 in Developed Single Country
How much the fund’s monthly returns vary, scaled to a year.
13.9%
Annualised · 36 months to Oct 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.
0.82
vs 3-month T-bills · to Oct 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.
−34.0%
Trough Oct 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.
0.76
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.

FMP measures it over up to five years of monthly returns.

FSZ Cost

Compare FSZ and FLKR

Overpaying vs FLKR, tied cheapest in Developed Single Country

$13,448

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FSZ 0.80%

    $15,346

  • FLKR 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • FSZ 0.80%
  • FLKR 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FSZ $15,346FLKR $1,898

Year by year

YearFSZFLKROverpaying
10$1,422$165$1,257
20$5,393$646$4,747
30$15,346$1,898$13,448

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