What this ETF is trying to do

The SMI 3FOURTEEN FULL-CYCLE TREND ETF (FCTE) is an exchange-traded fund listed on the NASDAQ. Based on its holdings, it invests in a variety of large companies across different industries, including technology, healthcare, and industrial sectors.

What the numbers show

As of October 5, 2026, the share price of the ETF was $29.67.

When looking at performance, there are two different ways to measure returns:

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is 19.14%, and the one-year price return is 12.71%.

• Total Return: This reflects the overall return, including distributions. The YTD total return is 19.14%, and the one-year total return is 12.81%.

To put this in perspective, the estimated price from roughly one year ago was $26.32. If an investor had put $10,000 into the ETF one year ago, the price-only increase (12.71%) would have grown that amount to approximately $11,271.

Income and distribution explanation

This ETF provides cash distributions to investors, but they happen irregularly. In the last 12 months, there was only one payout. The distribution yield is 0.08%.

It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV Erosion Explanation

"NAV erosion" happens when the net asset value of a fund declines over time, which can be a risk for some income-focused funds. StockValueFinder uses an erosion-risk score to measure this. FCTE has an erosion score of 100, and the label states "No price erosion detected." Additionally, the severe erosion-risk flag is false.

Top Holdings

The fund holds 20 different assets. As of October 7, 2026, the top holdings include:

• AMETEK INC: 5.3%

• APPLE INC: 5.29%

• AMPHENOL CORP CLASS A: 5.28%

• TEXAS INSTRUMENTS INC: 5.28%

• MONOLITHIC POWER SYSTEMS INC: 5.27%

• APPLIED MATERIALS INC: 5.26%

• ARISTA NETWORKS INC: 5.18%

• JABIL INC: 5.17%

• LAM RESEARCH CORP: 5.16%

• EBAY INC: 5.13%

Pros

• Positive price and total returns over the last year and year-to-date.

• No price erosion detected according to the erosion-risk score.

Cons

• Distributions are irregular and less frequent.

• The distribution yield is very low.

Beginner takeaway

FCTE has shown growth in both share price and total return over the past year. While it does pay out some cash, it is not designed for investors seeking high or regular income. The fund currently shows a "good" erosion severity rating, meaning its price has remained stable relative to its risk measurements.