SMI 3Fourteen Full-Cycle Trend ETF
$29.67−0.15 (−0.51%)
- 0.85%
- $244M
- +15.5%
- 0.07%
- 0M sh
- $29.92
- low $23.89high $30.89
The ETF.net FCTE Grade
C
Score 42 out of 100
- 77 of 127
Score 42 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.D29 out of 100Rank 88 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D34 out of 100Rank 97 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B69 out of 100Rank 30 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C44 out of 100Rank 88 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B63 out of 100Rank 50 of 127
Our read on FCTE
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.
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 Holdings
- Stocks
- 21
- 52%
- TPL
Sectors
- Technology40.0%
- Industrials25.0%
- Financials15.1%
- Consumer Staples5.0%
- Health Care5.0%
- Consumer Discretionary5.0%
- Energy5.0%
Geography
- United States95.24%
- Ireland4.76%
FCTE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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FCTE$11,551
Returns run to the Oct 12, 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.
| Period | FCTE |
|---|---|
| Year to date | +19.8% |
| 1 month | +3.7% |
| 3 months | +2.3% |
| 1 year | +15.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FCTE |
|---|---|---|
| 2026 YTD | +19.8% | |
| 2025 | −3.8% | |
| 2024 | +5.5% |
FCTE in the news
FCTE Dividends
- 0.07%
- $0.02
- $0.02 per share
- Twice a year
Distribution history
FCTE Risk
- 15.1%
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.
- 0.06
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.
- −19.7%
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.
- 0.73
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FCTE Cost
0.85%
FCTE0.85%
- The middle half of US Active Equity funds
- Median 0.70%
85 of the 123 US Active Equity funds charge less.
Other funds in US Active Equity
- CBCUSBancreek U.S. Large Cap ETFExpense ratio 0.80%1 year return +6.3%
- CEAGLEagle Capital Select Equity ETFExpense ratio 0.81%1 year return +15.6%
- CSUREAdvisorShares Insider Advantage ETFExpense ratio 1.00%1 year return +25.9%
- CNEWZStockSnips AI-Powered Sentiment US All Cap ETFExpense ratio 0.75%1 year return +7.8%
- CSOVFSovereign's Capital Flourish FundExpense ratio 0.75%1 year return +6.5%