FLSW: FRANKLIN FTSE SWITZERLAND ETF
What this ETF is trying to do
The Franklin FTSE Switzerland ETF (FLSW) is designed to provide investors with exposure to companies in Switzerland. It holds a variety of Swiss stocks, allowing an investor to own a small piece of many different businesses in that country through one single fund.
What the numbers show
As of October 9, 2026, the share price of the ETF is $41.22.
When looking at performance, it is important to distinguish between price return (the change in the share price) and total return (which includes both the share price change and the cash distributions paid to investors).
• Year-to-Date (YTD): The price return is -0.64%, but the total return is 1.53%.
• One Year: The price return is 5.48%, while the total return is 7.92%.
• Three Year: The price return is 37.67%, and the total return is 47.06%.
For a simple example, if you had invested $10,000 exactly one year ago at the estimated price of $39.07, the price-only growth would have increased that amount to approximately $10,548.
Income and Distribution Explanation
This ETF pays out cash distributions to its shareholders. The distribution yield is approximately 2.40%. Over the last 12 months, it has made two payouts. The frequency of these payments is described as irregular or less frequent.
It is important for beginners to remember that a high distribution yield alone can be misleading. While distributions provide cash income, they do not guarantee that the original money you invested (the principal) will stay the same or grow.
NAV Erosion Explanation
"NAV erosion" happens when the actual value of the fund's underlying assets drops significantly over time. StockValueFinder uses an erosion-risk score to measure this.
For FLSW, the erosion score is 100, and the severity is labeled as "good." The data states that no price erosion was detected, and the severe erosion-risk flag is false.
Top Holdings
The fund holds 56 different assets. As of October 11, 2026, the top holdings include:
• Roche Holding AG: 14.39%
• Novartis AG: 13.12%
• Nestle SA: 11.48%
• UBS Group AG: 7.32%
• ABB Ltd: 4.43%
Pros
• Positive total returns over the one-year and three-year periods.
• No detected NAV erosion according to the erosion-risk score.
• Provides a way to invest in major Swiss companies like Nestle and Roche.
Cons
• The share price has seen a slight decline year-to-date.
• Cash distributions are irregular rather than on a set schedule.
Beginner Takeaway
FLSW is a fund for those who want to invest in the Swiss market. It has shown growth over the last three years and currently shows no signs of NAV erosion. While it pays a distribution yield, investors should look at the total return to see the full picture of how the investment has performed.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ROCHE HOLDING AG ORDINARY SHARES NEW | n/a | 14.39% |
| 2 | NOVARTIS AG REGISTERED SHARES | n/a | 13.12% |
| 3 | NESTLE SA | n/a | 11.48% |
| 4 | UBS GROUP AG REGISTERED SHARES | n/a | 7.32% |
| 5 | ABB LTD | n/a | 4.43% |
| 6 | COMPAGNIE FINANCIERE RICHEMONT SA CLASS A | n/a | 3.87% |
| 7 | ZURICH INSURANCE GROUP AG | n/a | 3.51% |
| 8 | LONZA GROUP LTD | n/a | 2.79% |
| 9 | SWISS RE AG | n/a | 2.67% |
| 10 | HOLCIM LTD | n/a | 2.36% |