# SMI 3Fourteen Full-Cycle Trend ETF (FCTE): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fcte for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: SMI Funds · Asset class: Equity - Strategy: Passive Index · Inception: 2024-07-02 The SMI 3Fourteen Full-Cycle Trend ETF (FCTE) seeks to outperform the S&P 500 index throughout entire market cycles by strategically investing in what it identifies as the most promising companies. Its portfolio typically comprises around 20 large-capitalization U.S. equities, all drawn from the S&P 500. Investment decisions are guided by the proprietary Full-Cycle Trend (FCT) strategy, which thoroughly evaluates stocks based on various quality and trend-related metrics. These include a company's capital efficiency (such as return on capital and return on investment), financial stability (l... ## Key Facts | Metric | Value | |---|---| | Price | $29.53 | | Expense Ratio | 0.85% | | Assets Under Management | $243.0M | | NAV | $29.55 | | Holdings Count | 21 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $23.89 – $30.89 | | Beta | 0.73 | ## Latest Distribution - Amount: $0.0223 /share - Ex-date: 2025-12-24 - Pay date: 2025-12-26 ## Frequently Asked Questions ### What does FCTE invest in? The SMI 3Fourteen Full-Cycle Trend ETF (FCTE) seeks to outperform the S&P 500 index throughout entire market cycles by strategically investing in what it identifies as the most promising companies. Its portfolio typically comprises around 20 large-capitalization U.S. equities, all drawn from the S&P 500. Investment decisions are guided by the proprietary Full-Cycle Trend (FCT) strategy, which thoroughly evaluates stocks based on various quality and trend-related metrics. These include a company's capital efficiency (such as return on capital and return on investment), financial stability (like cash flow consistency), growth potential (earnings growth), market sentiment (momentum), and technical analysis (including linear regression and broader trend assessments). Each month, a theoretical model portfolio is constructed and published. The fund's adviser uses this model to rebalance holdings on a monthly basis, though they retain discretion to make additional adjustments or deviate from the model due to regulatory considerations or significant stock volatility. This fund may also engage in frequent and active trading. ### What is the expense ratio of FCTE? SMI 3Fourteen Full-Cycle Trend ETF (FCTE) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FCTE? SMI 3Fourteen Full-Cycle Trend ETF (FCTE) manages $243.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FCTE actively managed or an index fund? FCTE is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FCTE's is 0.85%) because there's no security selection cost. ### When was FCTE launched? SMI 3Fourteen Full-Cycle Trend ETF (FCTE) launched in July 2024 and is managed by SMI Funds. ### How has FCTE performed? FCTE's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FCTE pay a dividend? SMI 3Fourteen Full-Cycle Trend ETF (FCTE) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FCTE pay dividends? SMI 3Fourteen Full-Cycle Trend ETF pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FCTE's dividend yield? FCTE's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FCTE's next ex-dividend date? The most recently announced ex-dividend date for FCTE was 2025-12-24. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will FCTE's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.85% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FCTE charge its expense ratio? The expense ratio is deducted in tiny daily slices from FCTE's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FCTE cost more than a fund like VOO? FCTE is a passive index fund (current expense ratio 0.85%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to FCTE? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FCTE (0.85%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fcte - Distribution history: https://www.dividenddata.com/funds/fcte/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fcte/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fcte/expenses - Peer comparison: https://www.dividenddata.com/funds/fcte/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.