FCTE ETF — SMI 3Fourteen Full-Cycle Trend ETF

SMI 3Fourteen Full-Cycle Trend ETF (FCTE)

Updated October 16, 2026.

FCTE is an ETF. its distribution rate is 0.08%, its trailing-12-month yield is 0.08%, its expense ratio is 0.85%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 19.4% over the past 2.3 years, 23.3 points behind SPY at 42.7%.

SMI 3Fourteen Full-Cycle Trend ETF is an actively managed fund that typically holds around 20 large-cap U.S. stocks selected using a proprietary model emphasizing quality metrics like return on capital, earnings growth, and momentum analysis. The fund carries a modest current distribution rate paid quarterly, with an expense ratio of 0.85%.

FCTE performance versus SPY

Price and return data through 2026-10-16.

Total return is 19.4% over the past 2.3 years, 23.3 points behind SPY at 42.7%. Over the past year its total return — price change plus distributions reinvested — is 16.0%. Its deepest 1-year drawdown was 12.9%.

FCTE key facts

Distribution Safety Score™

50 · Unproven

Issuer

3fourteensmi

Asset type

ETF

Asset class

Equity

Inception date

07/01/2024

Expense ratio

0.85%

Distribution rate

0.08%

Distribution frequency

Quarterly

Trailing yield

0.08%

Last close

$29.30 (as of 2026-10-16)

AUM

$238,555,259

Average volume

16700.0

Dividend

$0.022

Ex-dividend date

12/24/2025

Payment date

12/26/2025

Beta

0.8482

How Dividend Vision calculates yield and returns

Distribution rate (0.08%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.08%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: 3fourteensmi; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FCTE risks and drawbacks

FCTE's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.9%.

Who may consider FCTE — and who may not

It is a weaker fit for investors who need monthly cash flow (FCTE pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FCTE

• All tickers starting with F

Frequently asked questions

More securities from 3fourteensmi.