SMI 3Fourteen Full-Cycle Trend ETF
SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ: FCTE) is an exchange-traded fund listed on NASDAQ, trading at $30.44 (about ₹2,857 a unit) as of 11 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.85% and holds 21 securities. Indian residents can buy FCTE through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$30.06
Today's high
$30.71
52 week low
$23.89
52 week high
$30.89
FCTE opened at $30.31, closed previously at $29.68, and has traded between $23.89 and $30.89 over the past 52 weeks.
About
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.
Key statistics
Expense ratio
0.85%
Assets (AUM)
$246.0M
Holdings
21
NAV
$29.66
Avg. volume
24.24K
1-year price change
+22.69%
5-year price change
—
Price change excludes dividends.
Top 10 holdings
FCTE holds 21 securities in total. These 10 are 52.9% of the fund.
Where the money is invested
Sectors
Countries
How to buy FCTE from India
Indian residents can buy FCTE units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in FCTE from India
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search FCTE and buy
Find the fund by its ticker, FCTE, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your FCTE position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying FCTE from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the FCTE price today?
SMI 3Fourteen Full-Cycle Trend ETF (FCTE) last traded at $30.44 on NASDAQ, as of 11 Nov 2026, 4:00 PM ET. That is ₹2,857 a unit at the 11 Nov 2026 USD/INR rate.
When does FCTE trade, in Indian time?
NASDAQ trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is FCTE, and what does it cost to hold?
SMI 3Fourteen Full-Cycle Trend ETF manages about $246.0M. Its expense ratio is 0.85% a year, deducted inside the fund. It launched in 2024.
What are FCTE's largest holdings?
The top three are MONOLITHIC POWER SYSTEMS INC (5.6%), ARISTA NETWORKS INC (5.5%) and WW GRAINGER INC (5.5%). FCTE's 10 largest positions make up 52.9% of the fund.
Does FCTE pay dividends?
Yes. FCTE is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on FCTE taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of FCTE?
Yes. You can buy FCTE by amount rather than by whole unit, and there is no minimum trade size.
How has FCTE performed?
FCTE's price is up 22.7% over the past year. These figures are price change only and exclude dividends; past performance does not guarantee future returns.