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Launched

SMI 3Fourteen Full-Cycle Trend ETF

FCTENasdaqSMI FundsC

$29.61−0.08 (−0.28%)

As of Nov 10, 2026, 11:25 AM ET

C45/ 100

Rank 72 of 125 in US Active Equity

C45/100Rank 72 of 125inUS Active Equity
Intraday session: down, 24 prints from 29.69 to 29.61. Range 29.49 to 29.84. Use the arrow keys to read each point.29.5029.8010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$235M
1Y total return
+20.5%
Yield · Last 12 months
0.08%
Holdings
21
Avg volume · 30D
22.7K sh
52W range
low $23.89high $30.89
Launched

The ETF.net FCTE Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
US Active Equity⁠
Rank
72 of 125
Six-pillar profile for FCTE. Scores out of 100: Cost 28, Risk 52, Mission not scored, Tradability 71, Holdings 41, Durability 63. Strongest: Tradability (71). Weakest: Cost (28). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D28 out of 100
    Rank 88 of 125

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C52 out of 100
    Rank 68 of 125

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A71 out of 100
    Rank 28 of 125

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C41 out of 100
    Rank 87 of 123

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B63 out of 100
    Rank 49 of 125

Our read on FCTE

ETF.net Research

In short

CMost active large-cap funds hold hundreds of names. FCTE holds about 20, pulled from the S&P 500 by a quality screen and then trend and momentum rules that get rerun every month. A concentrated, high-turnover swing at the index it measures itself against.

Stated mandate

The Fund seeks long-term capital appreciation by identifying and holding stocks that the Adviser believes can outperform the S&P 500.

Why people hold it

  • Roughly 20 equally weighted S&P 500 stocks, re-screened monthly on quality, trend and momentum. Genuine concentration, not a core index fund wearing an active label.3fourteensmi.comsec.gov
  • The wrapper does real work: the issuer notes this is typically a high-turnover strategy, and the ETF structure can limit the capital gains that holding those 20 stocks directly would kick off.3fourteensmi.com
  • The mandate is plain-spoken. US stocks the adviser believes can beat the S&P 500, drawn from the S&P 500, benchmarked against it. No ambiguity about what you are buying.3fourteensmi.com
  • Run jointly by 3Fourteen Research and SMI Advisory Services, whose co-portfolio manager has helped steer the SMI fund family since it launched in 2005.3fourteensmi.com

Worth knowing

  • At 0.85% a year it sits above the typical active US equity fund's 0.65%, and far above the cheapest systematic peers in the group (DFAU at 0.12%, DYNF at 0.26%).
  • Twenty names means one stock can swing the fund, and the monthly re-screen means today's lineup may not be next quarter's. Volatility comes with the concentration.3fourteensmi.com
  • It opened in July 2024, so a strategy named for the full cycle has not yet lived through one, and shares trade thinly. Limit orders are your friend.

FCTE Performance

Launched Jul 2, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
FCTE$12,051
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. FCTE $12,051. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FCTE. Periods over one year show the average yearly return.
PeriodFCTE
Year to date+19.2%
1 month−0.8%
3 months−2.1%
1 year+20.5%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FCTE
YearReturn barFCTE
2026 YTD+19.2%
2025−3.8%
2024+5.5%

Since listing, Jul 2, 2024

FCTE in the news

FCTE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
0.08%Last 12 months
Payout per share
$0.02Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2024–2026

One bar per payment. 4 payments from 2024 to 2026 YTD. Sep 26, 2024 $0.03; Dec 24, 2024 $0.02; Mar 19, 2025 $0.02; Dec 24, 2025 $0.02. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.02
Mar 19, 2025Mar 20, 2025$0.02
Dec 24, 2024Dec 26, 2024$0.02
Sep 26, 2024Sep 27, 2024$0.03

$10,000 in FCTE 1 year ago paid $9.00 in dividends.

FCTE Risk

Risk pillarC52 out of 100Rank 68 of 125 in US Active Equity
How much the fund’s monthly returns vary, scaled to a year.
14.9%
Annualised · 27 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.15
vs 3-month T-bills · 27 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−19.7%
28 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.70
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FCTE Cost

Compare FCTE and TACU

Overpaying vs TACU, cheapest in US Active Equity

$16,199

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FCTE 0.85%

    $16,199

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • FCTE 0.85%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FCTE $16,199TACU $0

Year by year

YearFCTETACUOverpaying
10$1,508$0$1,508
20$5,706$0$5,706
30$16,199$0$16,199

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