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 03/13/2025
TICKER FCTE
NET ASSETS $408M
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 $24.97
30 DAY MEDIAN BID-ASK SPREAD 0.001492

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 -2.03% -4.29% -2.28% -5.95% 2.11% - 8.06% 5.83%
FCTE - Market Price -2.40% -4.35% -2.47% -6.32% 1.97% - 7.80% 8.14%
S&P 500 Index Total Return -1.30% 4.23% -0.97% 4.23% 1.44% 4.23% 9.71% 4.23%
FCTE 2024
NAV 5.83%
MARKET PRICE 5.72%
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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

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 35
Discount 0 0 5 6 13

Holdings

As of 03/13/2025
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
3M CO MMM 5.00 20381800 BBG000BP52R2 139506
AIR PRODUCTS & CHEMICALS INC APD 4.94 20147200 BBG000BC4JJ4 68797
ALPHABET INC-CL A GOOGL 5.10 20800200 BBG009S39JX6 127797
AMPHENOL CORP-CL A APH 4.90 19982800 BBG000B9YJ35 324290
APPLE INC AAPL 4.59 18720400 BBG000B9XRY4 89281
ARISTA NETWORKS INC ANET 4.56 18597100 BBG01QQZBFH1 232058
CASH AND CASH EQUIVALENTS N/A 0.04 182146 N/A 182146
CINTAS CORP CTAS 4.84 19714700 BBG000H3YXF8 103446
DECKERS OUTDOOR CORP DECK 4.46 18182400 BBG000BKXYX5 155352
FAIR ISAAC CORP FICO 4.90 19987900 BBG000DW76Y6 11464
LEIDOS HOLDINGS INC LDOS 5.43 22149600 BBG000C23PB0 166714
LOCKHEED MARTIN CORP LMT 5.56 22648700 BBG000C1BW00 48402
MSCI INC MSCI 4.88 19873200 BBG000RTDY25 36703
MarketAxess Holdings Inc. MKTX 5.83 23771600 BBG000BJBZ23 112125
NVIDIA CORP NVDA 4.90 19973800 BBG000BBJQV0 172814
NVR INC NVR 5.26 21449300 BBG000BQBYR3 3008
ORACLE CORP ORCL 4.72 19221600 BBG000BQLTW7 130175
RESMED INC RMD 4.95 20175100 BBG000L4M7F1 91822
TRANE TECHNOLOGIES PLC TT 5.05 20566800 BBG000BM6788 60687
WATERS CORP WAT 5.12 20861300 BBG000FQRVM3 57242
WW GRAINGER INC GWW 4.95 20166400 BBG000BKR1D6 21149

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.