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 03/10/2025
TICKER FCTE
NET ASSETS $420M
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 $25.53
30 DAY MEDIAN BID-ASK SPREAD 0.001173

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 N/A N/A N/A N/A
FCTE - Market Price N/A N/A N/A N/A
S&P 500 Index Total Return N/A N/A N/A N/A
1 MO 3 MO YTD Since Inception
FCTE - NAV 4.23% -4.29% 2.77% -5.95% 4.23% - 10.31% 5.83%
FCTE - Market Price 4.47% -4.35% 2.77% -6.32% 4.47% - 10.45% 8.14%
S&P 500 Index Total Return 2.78% 4.23% 6.22% 4.23% 2.78% 4.23% 11.16% 4.23%
FCTE 2024
NAV 5.83%
MARKET PRICE 5.72%
Scroll for more →

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

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 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Premium 0 0 58 58 32
Discount 0 0 5 6 13

Holdings

As of 03/10/2025
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
3M CO MMM 4.94 20755100 BBG000BP52R2 140598
AIR PRODUCTS & CHEMICALS INC APD 5.02 21060200 BBG000BC4JJ4 69343
ALPHABET INC-CL A GOOGL 5.09 21365900 BBG009S39JX6 128811
AMPHENOL CORP-CL A APH 4.81 20196900 BBG000B9YJ35 326864
APPLE INC AAPL 4.88 20469300 BBG000B9XRY4 89983
ARISTA NETWORKS INC ANET 4.32 18141600 BBG01QQZBFH1 233904
CASH AND CASH EQUIVALENTS N/A 0.07 284097 N/A 284097
CINTAS CORP CTAS 4.98 20914000 BBG000H3YXF8 104252
DECKERS OUTDOOR CORP DECK 4.52 18962700 BBG000BKXYX5 156574
FAIR ISAAC CORP FICO 4.66 19567700 BBG000DW76Y6 11542
LEIDOS HOLDINGS INC LDOS 5.50 23085300 BBG000C23PB0 168040
LOCKHEED MARTIN CORP LMT 5.57 23367200 BBG000C1BW00 48766
MSCI INC MSCI 4.80 20171600 BBG000RTDY25 36989
MarketAxess Holdings Inc. MKTX 5.72 24022300 BBG000BJBZ23 113009
NVIDIA CORP NVDA 4.44 18632300 BBG000BBJQV0 174166
NVR INC NVR 5.38 22570300 BBG000BQBYR3 3008
ORACLE CORP ORCL 4.65 19519600 BBG000BQLTW7 131189
RESMED INC RMD 5.22 21900100 BBG000L4M7F1 92550
TRANE TECHNOLOGIES PLC TT 4.93 20692400 BBG000BM6788 61155
WATERS CORP WAT 5.36 22513500 BBG000FQRVM3 57684
WW GRAINGER INC GWW 5.16 21642500 BBG000BKR1D6 21305

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.