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 ...
TICKER
FCTE
NET ASSETS
$...
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
$...
30 DAY MEDIAN BID-ASK SPREAD
N/A
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 MO
3 MO
YTD
Since Inception
FCTE - NAV
2.32%
12.53%
-
12.53%
FCTE - Market Price
2.54%
12.85%
-
12.85%
S&P 500 Index Total Return
2.14%
5.89%
-
5.89%
As of 09/30/24
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) FCTE-ETF or (844-328-3383).
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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: The number of trading days the ETF’s closing price exceeds its NAV.
Discount: The number of trading days the ETF’s closing price is below its NAV.
Number of Days | Column 1 |
---|---|
As of ...
Holdings
Description | Ticker | Weight (%)** | Market Value ($) | FIGI | Shares Held |
---|---|---|---|---|---|
**Holdings are subject to change.
How To Invest
Buy Through Your Brokerage
FCTE 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-FCTE-ETF. Our team is here to assist you with all your investment needs.
844-FCTE-ETF (844-328-3383)
About Us
Learn more about 3Fourteen & SMI Advisory Services
3Fourteen Research provides quantitative risk management and research for financial institutions worldwide. 3Fourteen specializes in creating rules-based investment models that can survive - and thrive - through an entire economic cycle. This process begins with a deep understanding of how the macro economy intersects with equities, commodities and fixed income investment options. Philosophically, 3Fourteen believes that unbiased data and models are the best antidote to the behavioral biases plaguing most investors.
SMI Advisory Services was founded to provide a variety of professionally managed solutions that automate, and potentially improve upon, Sound Mind Investing strategies that investors might find difficult and time-consuming to implement on their own. The firm provides a family of mutual funds and also provides separate account management. The genesis of the firm is tied to the Sound Mind Investing newsletter, a monthly financial newsletter founded by Austin Pryor, that is dedicated to helping Christian individuals with their investing needs.
Meet The Team
WARREN PIES, E.R.P | Co-Senior Portfolio Manager
Mr. Pies is a co-founder of the Adviser and is also the founder of the Adviser’s co-owner, 3Fourteen Research.
At 3Fourteen, Warren is the lead author and strategist. His research combines proprietary fundamental, technical and macro indicators to identify major investment themes and market trends affecting capital markets. Warren works closely with a team of analysts, data scientists, and developers whose expertise ranges from machine learning, time series analysis, and application development.
Prior to founding 3Fourteen Research, Warren led Ned Davis Research’s Energy and Commodity strategy. In that role, he built the firm’s commodity-related studies, models, and unique indicators.
Warren is a frequent contributor to the media including participating in the 2013 Barron’s MLP Roundtable discussion, the Wall Street Journal, CNBC, Bloomberg and RealVision. In 2014, Euromoney Institutional Investor awarded Warren the Padraic Fallon award for his research on the Shale Revolution. Outside of the research world, Warren has worked as a practicing attorney specializing in regulatory approvals for various industrial activities and projects. He has also owned, operated, and sold a portfolio of self-storage properties to a national REIT.
He earned both his Bachelor of Science and Juris Doctorate from the University of Florida. Warren is an Energy Risk Professional – Certified by the Global Association of Risk Professionals.
MARK BILLER | Co-Senior Portfolio Manager
Mr. Biller is a co-founder of the Adviser as well as a co-founder of the Adviser’s co-owner, SMI Advisory Services.
At SMI Advisory Services, Mr. Biller has served as senior portfolio manager of the entire family of SMI Funds since their creation in 2005. He played a key role in the design and creation of strategies followed by the various SMI Funds.
As senior portfolio manager, Mr. Biller has ultimate decision-making authority regarding all portfolio decisions and trading practices of the Sound Mind Investing Funds. His duties involve researching and selecting the Underlying Funds in which the Funds invest, upgrading the Funds’ investments in Underlying Funds and determining the overall allocation among style categories. In addition to his duties at the Adviser, Mr. Biller has been the Executive Editor of the Sound Mind Investing newsletter and online business for over 15 years. Mr. Biller’s writings on a broad range of financial and investment topics have been featured in a variety of national print and electronic media, and he has also appeared as a financial commentator for various national and local radio programs. The Sound Mind Investing newsletter was first published in 1990 and currently has many thousands of subscribers. Since it was first published 30 years ago, the newsletter has provided recommendations to tens of thousands of subscribers using a variety of investment strategies that are used by the Funds. Mr. Biller earned his B.S. in Finance from Oral Roberts University.
FERNANDO VIDAL | Co-Portfolio Manager
Mr. Vidal is a co-founder of the Advisor and is also an owner of the advisor’s co-owner, 3Fourteen Research.
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Prior to joining 3Fourteen Research, Fernando spent 7 years working as a quantitative analyst at Ned Davis Research’s consulting group conducting research, building and testing models and studies for institutional investors. Following his work at Ned Davis Research, he spent 6 years founding and leading a Data Science team at SauceLabs, a VC-backed fast growing market leader in software testing based out of San Francisco. His team worked on AI and Machine Learning applications involving large-scale time series analysis and classification models.
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At 3Fourteen Research, Fernando leads the model development process and brings machine learning research into the mix of qualitative analysis and quantitative rigor. His many years of experience implementing machine learning models at scale has provided him a combination of healthy skepticism and deep appreciation for how these techniques can add value to the investment process.
ERIC COLLIER, CFA | Co-Portfolio Manager
Mr. Collier is a co-founder of the Adviser as well as a co-founder of the Adviser’s co-owner, SMI Advisory Services.
At SMI Advisory Services, Mr. Collier has served as a co-portfolio manager of the entire family of SMI Funds since their creation in 2005. He was integral in the design and testing of the Dynamic Allocation and Bond Upgrading strategies utilized by the various SMI Funds.
Mr. Collier is a co-Portfolio Manager responsible for researching and selecting each Fund’s investments, determining overall allocation among style categories, and trading, subject to the ultimate decision-making authority of the Senior Portfolio Manager. In addition to his duties at the Adviser, Mr. Collier is a co-founder of Omnium Investment Company, LLC. At Omnium, he conducts analytical and quantitative research, and risk management. Prior to co-founding Omnium, Mr. Collier worked at Oxford Group, Ltd, a fee-only financial services firm. At Oxford Group, Mr. Collier provided investment advice to several high net-worth individuals concentrating on investment and financial planning strategies. Prior to that Mr. Collier was an Investment Analyst and Registered Investment Adviser Representative for Webb Financial Advisers, an investment advisory firm, from 1997 to 2000, where he was responsible for due diligence and manager selection on large cap growth and value securities, small cap growth and value securities, international cap securities, and fixed income securities. Mr. Collier graduated from Indiana University with a B.S. in Finance in 1998. He also studied at the University of Maastricht in the Netherlands through the International Business Program at Indiana University. He has received the Chartered Financial Analyst (“CFA”) designation, and he is a member of the CFA Institute (formerly the Association for Investment Management and Research (“AIMR”)).
ANTHONY AYERS, CFA | Co-Portfolio Manager
Mr. Ayers is a co-founder of the Adviser as well as a co-founder of the Adviser’s co-owner, SMI Advisory Services. At SMI Advisory Services, Mr. Ayers has served as a co-portfolio manager of the entire family of SMI Funds since their creation in 2005. He was integral in the design and testing of the Dynamic Allocation and Bond Upgrading strategies utilized by the various SMI Funds. Mr. Ayers is a co-Portfolio Manager responsible for researching and selecting each Fund’s investments, determining overall allocation among style categories, and trading, subject to the ultimate decision-making authority of the Senior Portfolio Manager. In addition to his duties at the Adviser, Mr. Ayers is a co-founder of Omnium Investment Company, LLC. At Omnium, he also conducts analytical and quantitative research, and risk management. Mr. Ayers helped develop the Adviser’s risk management procedures and a proprietary daily risk management reporting system. Prior to co-founding Omnium, Mr. Ayers was an Investment Analyst at Oxford Group, Ltd., where he was responsible for performing manager searches and due diligence on various mutual fund portfolio managers specializing in large capitalized growth and value securities, small capitalized growth and value securities, international capitalized securities, and fixed income securities. Prior to that Mr. Ayers was a Senior Investment Representative for Charles Schwab, where he assisted high net-worth clients with developing and trading complex option strategies, hedging concentrated portfolios, constructing diversified investment portfolios, risk management, and making individual stock and mutual fund recommendations. Mr. Ayers graduated from Indiana University with a B.S. in Finance in 1996, and he is a CFA charter holder.