ETF Research Center

Franklin FTSE Switzerland ETF

ALTAR
Score™

6.5%

Recommen-
dation

UNDERWEIGHT

2025E 2026E
P/E ratio	15.1x	P/Sales ratio	1.4x
P/BV ratio	2.1x	Div. yield	3.2%

Description
Performance
Comps
Fundamentals
Valuation
Rating

FLSW tracks a market-cap-weighted index of large- and midcap companies listed in Switzerland.

FUND BASICS
Category	International Equities
Fund Sponsor	Franklin Templeton Investments
Website	www.libertyshares.com
Inception date	Feb 06, 2018
Assets (mns)	$47
Currency	USD
Expense ratio	9 bp
Distributions	Semi-annual

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Market Cap
Index replication
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	56
Wgt avg mkt cap (mns)	$100,019
Large cap (>$10bn)	80.2%
Mid cap ($2-10bn)	5.8%
Small cap (<$2bn)	0.0%
Developed mkts	100.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	68.1 %
ROCHE HOLDING AG-BR	13.9 %
NESTLE SA-REG	13.6 %
NOVARTIS AG	11.9 %
UBS GROUP AG	5.8 %
ABB LTD.	4.9 %
CIE FINANCIERE RICHEMON-BR A	4.6 %
ZURICH FINANCIAL SERVICES AG	4.4 %
HOLCIM LTD-REG	3.4 %
SWISS RE AG	2.9 %
LONZA GROUP AG-REG	2.8 %

TOP COUNTRY EXPOSURE
	SWITZERLAND	97.7 %

Standardized Annual Returns (thru February 28)
Year-to-date	1 year	5 years	10 years	Since Incep.
11.8%	12.7%	9.0%	--	8.2%

Market Correlations
versus...	Beta	R-squared
S&P500	0.81	60%
MSCI EAFE	0.95	86%
MSCI Emg. Mkts.	0.73	51%

Technical Indicators
Recent close	$33.57
30d moving avg.	$36.17
Annualized volatility	17.8%
Short interest (ETF)	0.1%
Relative strength (RSI)	57

Liquidity measures
Avg. volume (thou.)	26
Turnover	1.9%
Bid/Ask (% of price)	0.11%
ADV underlying (mns)	$1,934

FINDING ALTERNATIVE FUNDS

Below is a list of 271 potential alternatives to the Franklin FTSE Switzerland ETF ETF based on the alternatives' overlap in portfolio holdings with FLSW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

FLSW

Expense:

9 bp

ALTAR Score™:

6.5%

ALTERNATIVE ETFs BASED ON OVERLAP WITH FLSW
Ticker	Fund Name	Overlap¹ vs FLSW (%)	Expense ratio (bp)	Savings vs FLSW (bp)	ALTAR Score™ (%)	ALTAR vs FLSW (%)
EWL	iShares MSCI Switzerland ETF	72.4	50	-41	6.3	-0.2
FSZ	First Trust Switzerland AlphaDEX Fund	33.2	80	-71	5.5	-1.0
EUDG	WisdomTree Europe Quality Dividend Growth Fund	21.6	58	-49	7.0	+0.5
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	20.1	9	0	9.8	+3.3
EUDV	ProShares MSCI Europe Dividend Growers ETF	19.5	55	-46	7.2	+0.7
IDHQ	Invesco S&P International Developed High Quality ETF	16.2	29	-20	7.2	+0.7
GSEU	Goldman Sachs ActiveBeta Europe Equity ETF	14.6	25	-16	7.9	+1.4
DBEU	Xtrackers MSCI Europe Hedged Equity ETF	14.6	46	-37	7.4	+0.9
FLEE	Franklin FTSE Europe ETF	14.3	9	0	7.6	+1.1
FICS	First Trust International Developed Capital Strength ETF	13.9	70	-61	6.1	-0.5
BBEU	JPMorgan BetaBuilders Europe ETF	13.8	9	0	7.9	+1.4
EUFN	iShares MSCI Europe Financials ETF	13.6	51	-42	9.6	+3.1
EFAD	ProShares MSCI EAFE Dividend Growers ETF	12.8	50	-41	6.2	-0.4
IQLT	iShares MSCI Intl Quality Factor ETF	11.7	30	-21	6.9	+0.4
DIVI	Franklin International Core Dividend Tilt Index ETF	11.7	9	0	9.0	+2.5
VIGI	Vanguard International Dividend Appreciation ETF	11.5	15	-6	6.7	+0.2
IEV	iShares Europe ETF	11.5	67	-58	7.6	+1.1
IQSI	IQ Candriam International Equity ETF	11.3	15	-6	7.3	+0.7
QLVD	FlexShares Developed Markets ex-US Quality Low Volatility In	11.2	32	-23	6.4	-0.1
LVHI	Franklin International Low Volatility High Dividend Index ET	11.2	40	-31	11.9	+5.4
IEUR	iShares Core MSCI Europe ETF	10.6	11	-2	8.1	+1.5
DOL	WisdomTree International LargeCap Dividend Fund	10.6	48	-39	8.1	+1.6
VGK	Vanguard FTSE Europe ETF	10.4	11	-2	8.1	+1.6
OEUR	ALPS O'Shares Europe Quality Dividend ETF	10.2	48	-39	6.3	-0.2
SPEU	SPDR Portfolio Europe ETF	10.1	7	2	8.1	+1.6
QEFA	SPDR MSCI EAFE StrategicFactors ETF	9.8	30	-21	7.8	+1.3
HDMV	First Trust Horizon Managed Volatility Developed Intl ETF	9.7	80	-71	5.9	-0.6
DBEF	Xtrackers MSCI EAFE Hedged Equity ETF	9.6	36	-27	7.6	+1.1
NUDM	Nuveen ESG International Developed Markets Equity ETF	9.6	31	-22	7.3	+0.8
UMMA	Wahed Dow Jones Islamic World ETF	9.4	65	-56	5.8	-0.7
EFAV	iShares MSCI EAFE Min Vol Factor ETF	9.4	22	-13	6.0	-0.5
EASG	Xtrackers MSCI EAFE ESG Leaders Equity ETF	9.4	14	-5	6.6	+0.1
RFEU	First Trust Riverfront Dynamic Europe ETF	9.3	83	-74	10.9	+4.4
HFXI	IQ FTSE International Equity Currency Neutral ETF	9.3	20	-11	8.1	+1.6
DMXF	iShares ESG Advanced MSCI EAFE ETF	9.2	12	-3	6.3	-0.2
IGRO	iShares International Dividend Growth ETF	9.2	15	-6	7.8	+1.3
DIVS	SmartETFs Dividend Builder ETF	9.2	65	-56	5.4	-1.2
IQDF	FlexShares International Quality Dividend Index Fund	8.9	47	-38	10.4	+3.9
PPIE	Putnam PanAgora ESG International Equity ETF	8.8	49	-40	8.6	+2.1
GSID	Goldman Sachs MarketBeta International Equity ETF	8.8	20	-11	7.8	+1.3
EFG	iShares MSCI EAFE Growth ETF	8.7	36	-27	5.0	-1.6
JHMD	John Hancock Multifactor Developed International ETF	8.6	39	-30	8.5	+2.0
GSIE	Goldman Sachs ActiveBeta International Equity ETF	8.6	25	-16	8.2	+1.6
IMFL	Invesco International Developed Dynamic Multifactor ETF	8.5	34	-25	6.6	+0.1
FENI	Fidelity Enhanced International ETF	8.3	28	-19	7.7	+1.2
EFAX	SPDR MSCI EAFE Fossil Fuel Free ETF	8.2	20	-11	7.3	+0.7
LCTD	BlackRock World ex U.S. Carbon Transition Readiness ETF	8.1	20	-11	7.4	+0.8
AGNG	Global X Aging Population ETF	8.0	50	-41	4.5	-2.0
DWM	WisdomTree International Equity Fund	8.0	48	-39	8.4	+1.9
ESGD	iShares ESG Aware MSCI EAFE ETF	7.9	20	-11	7.8	+1.3
DDWM	WisdomTree Dynamic Currency Hedged International Equity Fund	7.9	40	-31	8.3	+1.8
FIVA	Fidelity International Value Factor ETF	7.8	18	-9	11.6	+5.0
BKIE	BNY Mellon International Equity ETF	7.8	4	5	8.0	+1.5
JIRE	JPMorgan International Research Enhanced Equity ETF	7.8	24	-15	8.1	+1.6
EFA	iShares MSCI EAFE ETF	7.6	35	-26	7.7	+1.2
STXI	Strive International Developed Markets ETF	7.6	29	-20	6.5	+0.0
AVIV	Avantis International Large Cap Value ETF	7.4	25	-16	10.2	+3.7
PABD	iShares Paris-Aligned Climate MSCI World ex USA ETF	7.4	12	-3	6.7	+0.2
BMED	Future Health ETF	7.4	85	-76	2.7	-3.8
VWID	Virtus WMC International Dividend ETF	7.3	49	-40	9.6	+3.0
CGIE	Capital Group International Equity ETF	7.2	54	-45	5.6	-0.9
IHDG	WisdomTree International Hedged Quality Dividend Growth Fund	7.2	58	-49	7.8	+1.3
AIVI	WisdomTree International AI Enhanced Value Fund	7.1	58	-49	8.1	+1.6
IQDG	WisdomTree International Quality Dividend Growth Fund	7.1	42	-33	7.9	+1.4
DFIV	Dimensional International Value ETF	7.0	27	-18	11.5	+5.0
FIDI	Fidelity International High Dividend ETF	7.0	18	-9	9.7	+3.2
TPIF	Timothy Plan International ETF	7.0	62	-53	7.1	+0.6
IEFA	iShares Core MSCI EAFE ETF	6.8	7	2	8.1	+1.5
EFV	iShares MSCI EAFE Value ETF	6.7	34	-25	10.3	+3.8
AVDE	Avantis International Equity ETF	6.6	23	-14	8.8	+2.2
PATN	Pacer Nasdaq International Patent Leaders ETF	6.6	65	-56	4.4	-2.2
DWMF	WisdomTree International Multifactor Fund	6.4	38	-29	7.3	+0.8
AVSD	Avantis Responsible International Equity ETF	6.3	23	-14	7.5	+1.0
EAFG	Pacer Developed Markets Cash Cows Growth Leaders ETF	6.3	65	-56	4.6	-2.0
INTF	iShares International Equity Factor ETF	6.2	15	-6	9.0	+2.4
MXI	iShares Global Materials ETF	6.2	41	-32	9.0	+2.5
IDEV	iShares Core MSCI International Developed Markets ETF	6.1	4	5	8.0	+1.5
DBAW	Xtrackers MSCI All World ex US Hedged Equity ETF	6.0	41	-32	7.9	+1.3
FDEV	Fidelity International Multifactor ETF	6.0	18	-9	8.2	+1.7
IQDY	FlexShares International Quality Dividend Dynamic Index Fund	6.0	47	-38	9.8	+3.3
VYMI	Vanguard International High Dividend Yield ETF	5.9	22	-13	10.9	+4.3
CIL	VictoryShares International Volatility Wtd ETF	5.9	45	-36	7.5	+1.0
DWX	SPDR S&P International Dividend ETF	5.9	45	-36	6.8	+0.2
VEA	Vanguard FTSE Developed Markets ETF	5.7	5	4	8.2	+1.7
KXI	iShares Global Consumer Staples ETF	5.7	41	-32	5.6	-0.9
SPDW	SPDR Portfolio Developed World ex-US ETF	5.6	3	6	8.2	+1.7
RFDI	First Trust Riverfront Dynamic Developed International ETF	5.6	83	-74	11.1	+4.6
WWJD	Inspire International ETF	5.6	80	-71	8.3	+1.8
GXUS	Goldman Sachs MarketBeta Total International Equity ETF	5.5	18	-9	8.8	+2.3
IMTM	iShares MSCI Intl Momentum Factor ETF	5.5	30	-21	6.2	-0.3
TTAI	FCF International Quality ETF	5.3	59	-50	6.9	+0.4
IDLV	Invesco S&P International Developed Low Volatility ETF	5.3	25	-16	6.6	+0.1
HART	IQ Healthy Hearts ETF	5.3	45	-36	7.1	+0.6
FPAG	FPA Global Equity ETF	5.3	49	-40	7.1	+0.6
PAWZ	ProShares Pet Care ETF	5.2	50	-41	4.2	-2.3
QINT	American Century Quality Diversified International ETF	5.2	39	-30	8.4	+1.9
PIZ	Invesco Dorsey Wright Developed Markets Momentum ETF	5.1	80	-71	5.4	-1.1
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	5.1	39	-30	7.5	+1.0
DFAI	Dimensional International Core Equity Market ETF	5.0	18	-9	8.3	+1.8
FID	First Trust S&P International Dividend Aristocrats ETF	5.0	60	-51	9.5	+3.0
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	5.0	29	-20	8.8	+2.3
KNO	AXS Knowledge Leaders ETF	4.9	78	-69	6.8	+0.2
ACWX	iShares MSCI ACWI ex U.S. ETF	4.9	34	-25	8.9	+2.4
VSGX	Vanguard ESG International Stock ETF	4.8	12	-3	8.9	+2.4
IDMO	Invesco S&P International Developed Momentum ETF	4.8	25	-16	6.4	-0.1
JHID	John Hancock International High Dividend ETF	4.7	46	-37	11.2	+4.7
IXJ	iShares Global Healthcare ETF	4.7	42	-33	7.1	+0.5
CWI	SPDR MSCI ACWI ex-US ETF	4.7	30	-21	8.9	+2.4
DIHP	Dimensional International High Profitability ETF	4.6	29	-20	8.0	+1.5
VEU	Vanguard FTSE All-World ex-US Index Fund	4.6	8	1	9.2	+2.7
LUX	Tema Luxury ETF	4.6	75	-66	2.9	-3.6
FINE	Themes European Luxury ETF	4.5	35	-26	0.6	-6.0
FDD	First Trust Stoxx European Select Dividend Index Fund	4.5	58	-49	13.8	+7.3
PXF	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	4.5	45	-36	10.3	+3.7
DEEF	Xtrackers FTSE Developed ex US Multifactor ETF	4.4	24	-15	6.9	+0.3
WDIV	SPDR S&P Global Dividend ETF	4.3	40	-31	10.2	+3.7
IXUS	iShares Core MSCI Total International Stock ETF	4.3	7	2	9.0	+2.5
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt	4.3	39	-30	9.2	+2.7
CEFA	Global X S&P Catholic Values Developed ex-US ETF	4.2	35	-26	6.4	-0.1
DFIC	Dimensional International Core Equity 2 ETF	4.2	23	-14	8.7	+2.2
VXUS	Vanguard Total International Stock ETF	4.2	7	2	9.0	+2.5
DFSI	Dimensional International Sustainability Core 1 ETF	4.0	24	-15	7.2	+0.7
SDG	iShares MSCI Global Sustainable Development Goals ETF	4.0	49	-40	6.4	-0.1
MDEV	First Trust Indxx Medical Devices ETF	4.0	70	-61	1.3	-5.2
WRND	IQ Global Equity R&D Leaders ETF	3.9	18	-9	8.8	+2.2
CANC	Tema Oncology ETF	3.9	75	-66	-2.1	-8.6
HTEC	ROBO Global Healthcare Technology and Innovation ETF	3.9	68	-59	2.7	-3.8
VIDI	Vident International Equity Strategy ETF	3.8	61	-52	13.1	+6.6
OSEA	Harbor International Compounders ETF	3.7	55	-46	5.1	-1.4
IPAV	Global X Infrastructure Development ex-U.S. ETF	3.7	55	-46	4.9	-1.6
GCOW	Pacer Global Cash Cows Dividend ETF	3.6	60	-51	11.8	+5.3
DTAN	Sparkline International Intangible Value ETF	3.5	55	-46	8.0	+1.5
JIG	JPMorgan International Growth ETF	3.5	55	-46	5.3	-1.2
GSFP	Goldman Sachs Future Planet Equity ETF	3.4	75	-66	5.3	-1.3
MOTG	VanEck Morningstar Global Wide Moat ETF	3.4	52	-43	7.4	+0.9
AGQI	First Trust Active Global Quality Income ETF	3.4	85	-76	7.3	+0.8
GSIB	Themes Global Systemically Important Banks ETF	3.3	35	-26	14.1	+7.6
QWLD	SPDR MSCI World StrategicFactors ETF	3.3	30	-21	6.5	-0.1
BKCI	BNY Mellon Concentrated International ETF	3.3	80	-71	5.4	-1.2
IDV	iShares International Select Dividend ETF	3.2	51	-42	12.5	+6.0
AADR	AdvisorShares Dorsey Wright ADR ETF	3.1	110	-101	5.9	-0.6
BLES	Inspire Global Hope ETF	3.1	61	-52	7.6	+1.1
OCEN	IQ Clean Oceans ETF	3.1	45	-36	6.2	-0.3
DFIS	Dimensional International Small Cap ETF	3.0	39	-30	8.6	+2.1
RODE	Hartford Multifactor Diversified International ETF	3.0	29	-20	10.6	+4.1
BINV	Brandes International ETF	3.0	70	-61	10.3	+3.8
CLNR	IQ Cleaner Transport ETF	2.9	45	-36	8.1	+1.6
ESGG	FlexShares STOXX Global ESG Select Index Fund	2.9	42	-33	5.8	-0.8
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	2.9	30	-21	9.4	+2.9
GDOC	Goldman Sachs Future Health Care Equity ETF	2.8	75	-66	3.0	-3.6
RSHO	Tema American Reshoring ETF	2.8	75	-66	6.2	-0.3
HRTS	Tema GLP-1 Obesity & Cardiometabolic ETF	2.8	75	-66	1.0	-5.5
IXG	iShares Global Financials ETF	2.8	42	-33	9.2	+2.7
IEUS	iShares MSCI Europe Small-Cap ETF	2.8	42	-33	7.8	+1.3
DTH	WisdomTree International High Dividend Fund	2.7	58	-49	9.9	+3.4
SAGP	Strategas Global Policy Opportunities ETF	2.7	65	-56	5.7	-0.8
GINX	SGI Enhanced Global Income ETF	2.7	98	-89	8.1	+1.6
TINT	ProShares Smart Materials ETF	2.6	58	-49	3.6	-3.0
KOKU	Xtrackers MSCI Kokusai Equity ETF	2.6	9	0	6.2	-0.3
ISCF	iShares International SmallCap Equity Factor ETF	2.6	23	-14	9.4	+2.9
DIM	WisdomTree International MidCap Dividend Fund	2.6	58	-49	8.4	+1.9
LEGR	First Trust Indxx Innovative Transaction & Process ETF	2.5	65	-56	9.6	+3.0
JPIN	J.P. Morgan Diversified Return International Equity ETF	2.5	37	-28	9.6	+3.0
IVLU	iShares MSCI Intl Value Factor ETF	2.4	30	-21	12.3	+5.8
FGD	First Trust Dow Jones Global Select Dividend Index Fund	2.4	56	-47	13.6	+7.1
ANEW	ProShares MSCI Transformational Changes ETF	2.4	45	-36	7.8	+1.3
EATV	VegTech Plant-based Innovation & Climate ETF	2.4	75	-66	5.8	-0.7
CGW	Invesco S&P Global Water Index ETF	2.3	57	-48	5.1	-1.4
PIO	Invesco Global Water ETF	2.3	75	-66	5.4	-1.1
EFAS	Global X MSCI SuperDividend EAFE ETF	2.3	57	-48	9.2	+2.7
IOO	iShares Global 100 ETF	2.3	41	-32	6.0	-0.5
PSP	Invesco Global Listed Private Equity ETF	2.2	106	-97	6.7	+0.2
DNL	WisdomTree Global ex-US Quality Dividend Growth Fund	2.2	42	-33	7.4	+0.9
DISV	Dimensional International Small Cap Value ETF	2.1	42	-33	10.7	+4.2
KLMT	Invesco MSCI Global Climate 500 ETF	2.1	10	-1	6.8	+0.2
OAIM	OneAscent International Equity ETF	2.1	95	-86	6.8	+0.3
JGLO	JPMorgan Global Select Equity ETF	2.1	33	-24	5.7	-0.8
BKWO	BNY Mellon Women's Opportunities ETF	2.1	50	-41	4.6	-2.0
TOK	iShares MSCI Kokusai ETF	2.1	26	-17	5.6	-0.9
SCHF	Schwab International Equity ETF	2.1	6	3	8.4	+1.9
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	2.0	12	-3	5.7	-0.9
URTH	iShares MSCI World ETF	1.9	24	-15	6.2	-0.4
RXI	iShares Global Consumer Discretionary ETF	1.9	41	-32	10.2	+3.7
EBLU	Ecofin Global Water ESG Fund	1.9	40	-31	4.7	-1.8
DGT	SPDR Global Dow ETF	1.9	50	-41	9.1	+2.5
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	1.8	25	-16	7.0	+0.5
RUNN	Running Oak Efficient Growth ETF	1.8	58	-49	5.4	-1.1
GLBL	Pacer MSCI World Industry Advantage ETF	1.7	65	-56	5.6	-0.9
ACWI	iShares MSCI ACWI ETF	1.7	32	-23	6.8	+0.3
BLKC	Invesco Alerian Galaxy Blockchain Users and Decentralized Co	1.7	61	-52	1.6	-4.9
GLOF	iShares Global Equity Factor ETF	1.7	20	-11	7.7	+1.2
WDNA	WisdomTree BioRevolution Fund	1.7	45	-36	0.0	-6.5
VCLN	Virtus Duff & Phelps Clean Energy ETF	1.7	59	-50	6.6	+0.1
ACWV	iShares MSCI Global Min Vol Factor ETF	1.7	20	-11	8.0	+1.5
FEP	First Trust Europe AlphaDEX Fund	1.6	80	-71	10.4	+3.9
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	1.6	9	0	6.6	+0.1
VT	Vanguard Total World Stock ETF	1.6	7	2	7.1	+0.5
CRBN	iShares MSCI ACWI Low Carbon Target ETF	1.6	20	-11	7.0	+0.5
UIVM	VictoryShares International Value Momentum ETF	1.5	35	-26	10.2	+3.7
FNDC	Schwab Fundamental International Small Co. Index ETF	1.5	39	-30	6.8	+0.3
SCZ	iShares MSCI EAFE Small-Cap ETF	1.4	40	-31	8.1	+1.5
IWTR	iShares MSCI Water Management Multisector ETF	1.4	47	-38	7.1	+0.6
HELX	Franklin Genomic Advancements ETF	1.4	50	-41	0.1	-6.4
ROBO	ROBO Global Robotics & Automation Index ETF	1.4	95	-86	4.7	-1.8
GINN	Goldman Sachs Innovate Equity ETF	1.3	52	-43	5.0	-1.6
FMED	Fidelity Disruptive Medicine ETF	1.3	50	-41	-1.2	-7.7
DEW	WisdomTree Global High Dividend Fund	1.3	58	-49	8.5	+1.9
DSTX	Distillate International Fundamental Stability & Value ETF	1.2	55	-46	9.1	+2.6
CGGO	Capital Group Global Growth Equity ETF	1.2	47	-38	5.6	-0.9
FFND	Future Fund Active ETF	1.2	100	-91	5.3	-1.2
PDN	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF	1.1	49	-40	8.0	+1.5
JSTC	Adasina Social Justice All Cap Global ETF	1.1	89	-80	5.0	-1.5
CZAR	Themes Natural Monopoly ETF	1.0	35	-26	3.1	-3.4
HAUZ	DBX ETF Trust - Xtrackers International Real Estate ETF	1.0	10	-1	7.9	+1.3
IFGL	iShares International Developed Real Estate ETF	1.0	48	-39	6.6	+0.0
RWO	SPDR Dow Jones Global Real Estate ETF	1.0	50	-41	3.1	-3.4
RWX	SPDR Dow Jones International Real Estate ETF	1.0	59	-50	6.1	-0.5
VNQI	Vanguard Global ex-U.S. Real Estate ETF	1.0	12	-3	8.0	+1.5
FDHT	Fidelity Digital Health ETF	1.0	39	-30	2.2	-4.4
PID	Invesco International Dividend Achievers ETF	1.0	53	-44	6.1	-0.4
QQJG	Invesco ESG NASDAQ Next Gen 100 ETF	1.0	20	-11	5.2	-1.4
PRAY	FIS Christian Stock Fund	1.0	69	-60	6.0	-0.5
WLDR	Affinity World Leaders Equity ETF	1.0	67	-58	9.1	+2.6
DFNL	Davis Select Financial ETF	1.0	63	-54	10.7	+4.2
DINT	Davis Select International ETF	1.0	55	-46	9.3	+2.8
DWLD	Davis Select Worldwide ETF	1.0	63	-54	9.6	+3.1
MOTI	VanEck Morningstar International Moat ETF	1.0	58	-49	13.7	+7.2
EXI	iShares Global Industrials ETF	0.9	42	-33	5.5	-1.0
CZA	Invesco Zacks Mid-Cap ETF	0.9	72	-63	6.6	+0.1
PRNT	3D Printing ETF	0.9	66	-57	1.8	-4.7
QQQJ	Invesco NASDAQ Next Gen 100 ETF	0.9	15	-6	6.4	-0.1
CGDG	Capital Group Dividend Growers ETF	0.9	47	-38	6.9	+0.4
FNDF	Schwab Fundamental International Large Co. Index ETF	0.9	25	-16	11.1	+4.5
ERET	iShares Environmentally Aware Real Estate ETF	0.9	30	-21	3.3	-3.2
LCLG	Logan Capital Broad Innovative Growth ETF	0.8	99	-90	5.4	-1.1
INEQ	Columbia International Equity Income ETF	0.8	45	-36	9.7	+3.1
SUPL	ProShares Supply Chain Logistics ETF	0.8	58	-49	6.0	-0.5
SHPP	Pacer Industrials and Logistics ETF	0.8	60	-51	5.7	-0.8
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	0.8	47	-38	6.0	-0.5
RGEF	Rockefeller Global Equity ETF	0.7	55	-46	5.9	-0.6
APIE	ActivePassive International Equity ETF	0.6	45	-36	8.4	+1.9
XT	iShares Exponential Technologies ETF	0.6	46	-37	6.2	-0.3
NXTG	First Trust Indxx NextG ETF	0.6	70	-61	6.5	-0.0
CUT	Invesco MSCI Global Timber ETF	0.5	61	-52	9.9	+3.4
GNR	SPDR S&P Global Natural Resources ETF	0.5	40	-31	12.9	+6.4
GQRE	FlexShares Global Quality Real Estate Index Fund	0.5	45	-36	4.5	-2.1
TDIV	First Trust NASDAQ Technology Dividend Index Fund	0.4	50	-41	7.4	+0.9
IXP	iShares Global Comm Services ETF	0.4	42	-33	7.3	+0.8
BPAY	BlackRock Future Financial and Technology ETF	0.3	70	-61	8.7	+2.2
DTEC	ALPS Disruptive Technologies ETF	0.3	50	-41	4.6	-1.9
FINX	Global X FinTech ETF	0.3	68	-59	3.1	-3.4
LRGE	ClearBridge Large Cap Growth ESG ETF	0.3	59	-50	4.5	-2.0
AIQ	Global X Artificial Intelligence & Technology ETF	0.3	68	-59	5.4	-1.1
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	0.3	46	-37	5.2	-1.3
IQRA	IQ CBRE Real Assets ETF	0.3	65	-56	2.9	-3.7
IGF	iShares Global Infrastructure ETF	0.3	41	-32	5.2	-1.3
GII	SPDR S&P Global Infrastructure ETF	0.3	40	-31	5.2	-1.3
JETS	U.S. Global Jets ETF	0.3	60	-51	4.9	-1.6
AVDV	Avantis International Small Cap Value ETF	0.3	36	-27	12.2	+5.7
RVRB	Reverb ETF	0.3	30	-21	2.9	-3.6
RAYD	Rayliant Quantitative Developed Market Equity ETF	0.2	80	-71	5.3	-1.2
FAN	First Trust Global Wind Energy ETF	0.2	60	-51	5.7	-0.8
ICLN	iShares Global Clean Energy ETF	0.2	41	-32	6.6	+0.1
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	0.2	80	-71	11.1	+4.6
KNCT	Invesco Next Gen Connectivity ETF	0.2	40	-31	5.7	-0.8
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.2	65	-56	4.0	-2.5
BOTZ	Global X Robotics & Artificial Intelligence ETF	0.2	69	-60	3.1	-3.4
THNR	Amplify Weight Loss Drug & Treatment ETF	0.1	59	-50	6.4	-0.2
TAX	Cambria Tax Aware ETF	0.1	49	-40	8.9	+2.4
ONEQ	Fidelity Nasdaq Composite Index ETF	0.1	21	-12	4.8	-1.7
IXN	iShares Global Tech ETF	0.0	41	-32	5.2	-1.3

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Forward multiple:	Franklin FTSE Switzerland ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

	Custom date range	Compare to
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