FCTE

SMI 3FOURTEEN FULL-CYCLE TREND ETF

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 03/05/2026
TICKER FCTE
NET ASSETS $224M
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 $26.18
30 DAY MEDIAN BID-ASK SPREAD 0.00112

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 6.89% -0.10% 7.83% -6.17% 6.89% -3.77% 5.49% 1.84%
FCTE - Market Price 6.99% -0.19% 7.91% -6.29% 6.99% -3.80% 5.47% 1.72%
S&P 500 Index Total Return 1.45% 0.06% 1.76% 2.66% 1.45% 17.88% 17.60% 27.48%
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 03/05/2026

NET ASSET VALUE

$26.18

CLOSING PRICE

$26.17

PREMIUM/DISCOUNT

0.03%
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 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Premium 40 33 8 3 6
Discount 20 29 56 60 37

Holdings

As of 03/05/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
MICROSOFT CORP MSFT 5.36 12016500 BBG000BPH459 29260
ARISTA NETWORKS INC ANET 5.34 11970100 BBG01QQZBFH1 85869
NVIDIA CORP NVDA 5.31 11895800 BBG000BBJQV0 64884
HCA HEALTHCARE INC HCA 5.19 11630600 BBG000QW7VC1 21761
GENERAL DYNAMICS CORP GD 5.19 11623900 BBG000BK67C7 32226
EXPEDITORS INTL WASH INC EXPD 5.17 11596200 BBG000BJ5GK2 79036
LEIDOS HOLDINGS INC LDOS 5.14 11531400 BBG000C23PB0 65646
CADENCE DESIGN SYS INC CDNS 5.10 11424500 BBG000C13CD9 38102
AGILENT TECHNOLOGIES INC A 4.99 11190400 BBG000C2V3D6 94746
ALPHABET INC-CL A GOOGL 4.94 11074500 BBG009S39JX6 36807
LOWES COS INC LOW 4.94 11068900 BBG000BNDN65 43457
Rollins Inc ROL 4.90 10986800 BBG000BSBBP1 188874
Allegion Public Limited Company ALLE 4.86 10887700 BBG003PS7JV1 71507
CARDINAL HEALTH INC CAH 4.83 10836600 BBG000D898T9 50165
IDEXX LABS IDXX 4.83 10834200 BBG000BLRT07 17505
KLA CORPORATION KLAC 4.82 10797400 BBG000BMTFR4 7554
ELI LILLY & CO LLY 4.80 10755900 BBG000BNBDC2 10939
AMPHENOL CORP-CL A APH 4.79 10747400 BBG000B9YJ35 78886
METTLER-TOLEDO MTD 4.74 10614300 BBG000BZCKH3 8416
LAM RESH CORP LRCX 4.71 10550000 BBG000BNFLM9 49143
CASH AND CASH EQUIVALENTS N/A 0.05 115557 N/A 115557

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.