FCTE

SMI 3FOURTEEN FULL-CYCLE TREND ETF

How to Buy
ETF Market Price

Overview

Fund Objective

The SMI 3Fourteen Full-Cycle Trend ETF seeks long-term capital appreciation.

Fund Description

The ETF is actively managed and typically owns 20 domestic stocks drawn from within the S&P 500 index constituents. The stocks are chosen using a Full-Cycle Trend ("FCT") strategy. The FCT model uses a proprietary Quality screen to narrow the potential universe, then applies a variety of proprietary Trend and Momentum screens to select the ETF's portfolio.

Each month the screens are rerun to determine which stocks should remain in the portfolio. This is typically a high-turnover strategy, so the ability afforded to ETFs to minimize portfolio-generated capital gains can provide a significant advantage over implementing FCT and owning the 20 stocks directly.

The goal of this strategy is to identify and own stocks that can outperform the S&P 500 across the entire market cycle.

NAV Historical Change

Fund Details

As of 07/23/2026
TICKER FCTE
NET ASSETS $238M
TYPE Active Equity ETF
CUSIP 26923N512
ISIN US26923N5124
PRIMARY EXCHANGE NASDAQ
INCEPTION DATE 07/02/2024
GROSS EXPENSE RATIO 0.89%
NET EXPENSE RATIO* 0.85%
TYPICAL # OF HOLDINGS 20
ADVISOR 3Fourteen & SMI Advisory Services
FUND DISTRIBUTOR Foreside Fund Services, LLC
NAV $28.84
30 DAY MEDIAN BID-ASK SPREAD 0.001382

Fee Breakdown

ANNUAL FUND OPERATING EXPENSES
- MANAGEMENT FEE* 0.85%
- DISTRIBUTION AND/OR SERVICE (12B-1) FEES 0.00%
- OTHER EXPENSES 0.00%
TOTAL FEES: 0.85%

Performance

1 YR 3 YRS 5 YRS Since Inception
FCTE - NAV -1.32% N/A N/A 5.49%
FCTE - Market Price -1.48% N/A N/A 5.47%
S&P 500 Index Total Return 16.35% N/A N/A 17.60%
1 MO 3 MO YTD Since Inception
FCTE - NAV 8.56% 8.56% 18.43% 18.43% 17.13% 17.13% 9.24% 9.24%
FCTE - Market Price 8.63% 8.63% 18.50% 18.50% 17.31% 17.31% 9.24% 9.24%
S&P 500 Index Total Return -0.95% -0.95% 15.20% 15.20% 10.21% 10.21% 18.56% 18.56%
FCTE 2024 2025
NAV 5.83% -3.77%
MARKET PRICE 5.72% -3.80%
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Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (844) 328-3383.

The S&P 500 index is an unmanaged index commonly used to measure the performance of U.S. stocks. The Bloomberg U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS. You cannot invest directly in an index.

Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Shares of the Fund are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 pm EST (when NAV is normally calculated) and do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain periods shown. Absent these reimbursements or recoupments and fee waivers, results would have been less favorable.

Premium Discount

As of 07/23/2026

NET ASSET VALUE

$28.84

CLOSING PRICE

$28.82

PREMIUM/DISCOUNT

0.07%
Premium: When a Fund’s market price exceeds its net asset value per share (“NAV”) on a given trading day, expressed as a percentage of the Fund’s NAV.
Discount: When a Fund’s market price is below its net asset value per share (“NAV”) on a given trading day expressed as a percentage of the Fund’s NAV.
# of Days 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3
Premium 8 3 10 25 3
Discount 56 60 51 36 13

Holdings

As of 07/23/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
LOCKHEED MARTIN CORP LMT 5.65 13418200 BBG000C1BW00 23599
APPLE INC AAPL 5.63 13386200 BBG000B9XRY4 41616
MCKESSON CORP MCK 5.52 13116000 BBG000DYGNW7 15908
META PLATFORMS INC META 5.45 12954800 BBG000MM2P62 21374
Old Dominion Freight Line Inc. ODFL 5.39 12815500 BBG000CHSS88 55548
ARISTA NETWORKS INC ANET 5.24 12461200 BBG01QQZBFH1 70558
MICROSOFT CORP MSFT 5.18 12302100 BBG000BPH459 32240
JOHNSON & JOHNSON JNJ 5.17 12293500 BBG000BMHYD1 47416
MONOLITHIC POWER SYSTEMS INC MPWR 5.12 12160800 BBG000C30L48 8704
PEPSICO INC PEP 5.05 11991900 BBG000DH7JK6 88862
AMETEK INC AME 5.04 11969500 BBG000B9XG87 49637
ELI LILLY & CO LLY 5.01 11903800 BBG000BNBDC2 10038
TEXAS PACIFIC LAND TRUST TPL 4.92 11699600 BBG00YRJXKB1 27493
NORDSON CORP NDSN 4.90 11641600 BBG000BPWGR1 39855
HCA HEALTHCARE INC HCA 4.90 11635000 BBG000QW7VC1 30903
HUBBELL INC HUBB 4.72 11210800 BBG000BLK267 22955
LOWES COS INC LOW 4.63 11008300 BBG000BNDN65 54518
ALPHABET INC-CL A GOOGL 4.50 10700400 BBG009S39JX6 33682
JABIL CIRCUIT INC JBL 4.24 10074700 BBG000BJNGN9 31284
LAM RESH CORP LRCX 3.74 8879970 BBG000BNFLM9 27769
CASH AND CASH EQUIVALENTS N/A 0.02 46359.3 N/A 46359.3

How To Invest

Buy Through Your Brokerage

FCTE and RAA can be purchased, like most other ETFs, in Brokerage Accounts held at firms like Schwab, Fidelity, etc.

Further Assistance

If you have any additional inquiries or questions about 3FourteenSMI, please contact us at 844-328-3383. Our team is here to assist you with all your investment needs.