RAA

SMI 3FOURTEEN REAL ASSET ALLOCATION ETF

How to Buy
ETF Market Price

Overview

Fund Objective

The SMI 3Fourteen REAL Asset Allocation ETF seeks long-term capital appreciation.

Fund Description

The Fund is actively managed and allocates its portfolio assets based on a high-level benchmark allocation to three broad categories of asset classes: Stocks, Bonds, and Alternatives. Assets are chosen using a REAL Asset Allocation (”RAA”) strategy developed by an affiliate of the Adviser, 3Fourteen Research, LLC (“3Fourteen”).

The RAA strategy uses a proprietary process developed by 3Fourteen to identify its allocation to the securities (and their weightings) within the stocks, bonds, and alternatives categories in the portfolio. This monthly, proprietary process consists of proprietary trend ranking using various trend analysis techniques and machine-learning-based optimizations to determine which and how much of each security to own.

While a pure trend rank will structurally overweight higher volatility assets, the strategy employs a hierarchical risk parity to optimize risk across and within each major asset class. The RAA strategy strives to stay diversified while overweighting the strongest assets within each category.

NAV Historical Change

Fund Details

As of 04/24/2025
TICKER RAA
NET ASSETS $377M
TYPE Active Equity ETF
CUSIP 26923N 397
ISIN US26923N3970
PRIMARY EXCHANGE NASDAQ
INCEPTION DATE 02/26/2025
GROSS EXPENSE RATIO 0.89%
NET EXPENSE RATIO* 0.85%
TYPICAL # OF HOLDINGS 150
ADVISOR 3Fourteen & SMI Advisory Services
FUND DISTRIBUTOR Foreside Fund Services, LLC
NAV $23.91
30 DAY MEDIAN BID-ASK SPREAD 0.002052

Fee Breakdown

ANNUAL FUND OPERATING EXPENSES
- NET MANAGEMENT FEE* 0.77%
- DISTRIBUTION AND/OR SERVICE (12B-1) FEES 0.00%
- ACQUIRED FUND FEES AND EXPENSES 0.08%
TOTAL FEES: 0.85%

Performance

1 YR 3 YRS 5 YRS Since Inception
RAA - NAV N/A N/A N/A N/A
RAA - Market Price N/A N/A N/A N/A
S&P 500 Index Total Return N/A N/A N/A N/A
1 MO 3 MO YTD Since Inception
RAA - NAV -3.51% - - - - - -3.92% -
RAA - Market Price -3.56% - - - - - -3.60% -
S&P 500 Index Total Return -5.63% - -4.27% - -4.27% - -5.65% -
RAA 2025
NAV N/A
MARKET PRICE N/A
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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) 328-3383.

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: When a Fund’s market price exceeds its net asset value per share (“NAV”) on a given trading day, expressed as a percentage of the Fund’s NAV.
Discount: When a Fund’s market price is below its net asset value per share (“NAV”) on a given trading day expressed as a percentage of the Fund’s NAV.
# of Days 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Premium 0 0 0 23 14
Discount 0 0 0 0 3

Holdings

As of 04/24/2025
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 18.78 70828800 BBG00RYR67P4 679609
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 7.00 26420600 BBG000PWYVH7 325618
Schwab High Yield Bond ETF SCYB 6.83 25779700 BBG01F80WX71 994589
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 6.72 25340900 BBG00PZFJPC3 795134
SPROTT PHYSICAL GOLD TRUS PHYS 4.25 16031800 BBG000Q83F79 629934
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.01 15110200 BBG000NXKWH0 167854
SCHWAB U.S. TIPS ETF SCHP 3.99 15046000 BBG000BGN6P5 565214
GRAYSCALE BITCN MINI TRU ETF BTC.UP 3.42 12906500 N/A 311075
APPLE INC AAPL 2.13 8017870 BBG000B9XRY4 38479
MICROSOFT CORP MSFT 2.08 7834300 BBG000BPH459 20228
ISHARES MSCI GLOBAL METALS & PICK 2.02 7626990 BBG002GKR8T5 211274
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 2.01 7585200 BBG01922X0X9 151795
NVIDIA CORP NVDA 1.95 7343780 BBG000BBJQV0 69001
VANGUARD SMALL-CAP ETF VB 1.94 7335920 BBG000HT3Z79 34073
AMAZON.COM INC AMZN 1.41 5303890 BBG000BVPV84 28433
Broadcom Inc. AVGO 1.16 4384840 BBG00KHY5S69 23305
iShares 20+ Year Treasury Bond ETF TLT 1.11 4190340 BBG000BJKYW3 47488
Harbor Scientific Alpha High-Yield ETF SIHY 1.09 4095100 BBG011S2KC93 91654
Franklin FTSE Japan ETF FLJP 1.03 3875120 BBG00J3MDY16 128528
ISHARES MSCI EMR MRK EX CHNA EMXC 1.03 3865940 BBG00H5VLMJ6 68838
iM DBi Managed Futures Strategy ETF DBMF 1.01 3810620 N/A 150439
INVESCO OPTIMUM YIELD DIVERS PDBC 0.94 3558080 N/A 277325
META PLATFORMS INC META 0.83 3133320 BBG000MM2P62 5877
NETFLIX INC NFLX 0.82 3085500 BBG000CL9VN6 2813
COSTCO WHOLESALE CORP COST 0.70 2640620 BBG000F6H8W8 2707
ALPHABET INC-CL A GOOGL 0.68 2562820 BBG009S39JX6 16090
ALPHABET INC-CL C GOOG 0.65 2456770 BBG009S3NB30 15215
Tesla Inc. TSLA 0.63 2364910 BBG000N9MNX3 9113
Franklin FTSE Europe ETF FLEE 0.57 2148310 BBG00J3PR1S7 67642
VANGUARD FTSE EUROPE ETF VGK 0.51 1909730 BBG000HT8SM3 26502
T-MOBILE US INC TMUS 0.49 1839450 BBG000NDV1D4 7016
Palantir Technologies Inc. Class A PLTR 0.44 1669620 BBG000N7QR55 15491
PEPSICO INC PEP 0.40 1493690 BBG000DH7JK6 11039
CISCO SYSTEMS INC CSCO 0.38 1422390 BBG000C3J3C9 25269
LINDE PLC LIN 0.35 1338700 BBG01FND0CC1 2978
INTUITIVE SURGICAL INC ISRG 0.30 1140240 BBG000BJPDZ1 2244
QUALCOMM INC QCOM 0.28 1063740 BBG000CGC1X8 7226
INTUIT INC INTU 0.28 1061810 BBG000BH5DV1 1727
ADVANCED MICRO DEVICES INC AMD 0.27 1015840 BBG000BBQCY0 10753
ADOBE SYSTEMS INC ADBE 0.27 1009100 BBG000BB5006 2796
BOOKING HOLDINGS INC BKNG 0.26 994562 BBG000BLBVN4 206
REALTY INCOME CORP O 0.26 984923 BBG000DHPN63 17234
AMGEN INC AMGN 0.26 970205 BBG000BBS2Y0 3467
TEXAS INSTRUMENTS INC TXN 0.25 941165 BBG000BVV7G1 5805
CHEVRON CORP CVX 0.24 910352 BBG000K4ND22 6546
PROLOGIS INC PLD 0.24 909671 BBG000B9Z0J8 8801
WELLTOWER INC WELL 0.23 881624 BBG000BKY1G5 5967
VERTEX PHARMACEUTICALS INC VRTX 0.22 829320 BBG000C1S2X2 1684
APPLIED MATERIALS INC AMAT 0.22 817526 BBG000BBPFB9 5444
GILEAD SCIENCES INC GILD 0.22 813427 BBG000CKGBP2 7663
HONEYWELL INTERNATIONAL INC HON 0.21 805369 BBG000H556T9 4012
COMCAST CORP-CLASS A CMCSA 0.21 796892 BBG000BFT2L4 24010
EQUINIX INC EQIX 0.21 791040 BBG000MBDGM6 968
PALO ALTO NETWORKS INC PANW 0.21 790420 BBG0014GJCT9 4490
MERCADOLIBRE INC MELI 0.20 749635 BBG000GQPB11 340
WILLIAMS COMPANIES INC. WMB 0.20 742085 BBG000BWVCP8 12449
Cheniere Energy Inc LNG 0.20 741174 BBG000C3HSR0 3191
AUTOMATIC DATA PROCESSING ADP 0.19 733724 BBG000JG0547 2491
CANADIAN NATURAL RESOURCES CNQ 0.19 704437 BBG000HW5GX3 24034
MARATHON PETROLEUM CORP MPC 0.19 699528 BBG001DCCGR8 5086
EQT CORP EQT 0.18 679526 BBG000BHZ5J9 13919
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.18 678180 BBG000BRK7L6 19050
EXXON MOBIL CORP XOM 0.18 675679 BBG000GZQ728 6220
INTEL CORP INTC 0.17 638167 BBG000C0G1D1 29696
Crowdstrike Holdings Inc. Class A CRWD 0.17 630598 BBG00BLYKS03 1523
KLA CORPORATION KLAC 0.17 623236 BBG000BMTFR4 904
ANALOG DEVICES INC ADI 0.16 620246 BBG000BB6G37 3177
APPLOVIN CORP APP 0.16 619071 BBG006HFPX77 2311
SCHLUMBERGER LTD SLB 0.16 616654 BBG000BT41Q8 17654
LAM RESH CORP LRCX 0.16 610662 BBG000BNFLM9 8613
OCCIDENTAL PETROLEUM CORP OXY 0.16 604339 BBG000BQQ2S6 14970
STARBUCKS CORP SBUX 0.16 602870 BBG000CTQBF3 7189
MICRON TECHNOLOGY INC MU 0.16 602405 BBG000C5Z1S3 7781
ARCHER-DANIELS-MIDLAND CO ADM 0.16 586287 BBG000BB6WG8 12019
AMCOR PLC AMCR 0.15 574905 BBG00LNJRQ09 59514
GENERAL DYNAMICS CORP GD 0.15 568961 BBG000BK67C7 2094
MEDTRONIC PLC MDT 0.15 566918 BBG000BNWG87 6725
GENUINE PARTS CO GPC 0.15 565545 BBG000BKL348 4830
HORMEL FOODS CORP HRL 0.15 564312 BBG000BLF8D2 18692
J M Smucker Co COM STK NPV SJM 0.15 562022 BBG000BT1715 4858
FRANKLIN RESOURCES INC BEN 0.15 560850 BBG000BD0TF8 29912
MICROSTRATEGY INC-CL A MSTR 0.15 548632 BBG000GQJPZ0 1566
EVERSOURCE ENERGY ES 0.14 543861 BBG000BQ87N0 9292
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.14 536640 BBG00CMNZNK7 536640
T ROWE PRICE GROUP INC TROW 0.14 529958 BBG000BVMPN3 5920
C.H. ROBINSON WORLDWIDE INC CHRW 0.14 519233 BBG000BTCH57 5642
MONDELEZ INTERNATIONAL INC-A MDLZ 0.14 517280 BBG000D4LWF6 7895
DIGITAL REALTY TRUST INC DLR 0.14 511065 BBG000Q5ZRM7 3324
FORTINET INC FTNT 0.13 507830 BBG000BCMBG4 5042
CADENCE DESIGN SYS INC CDNS 0.13 502696 BBG000C13CD9 1784
CINTAS CORP CTAS 0.13 501512 BBG000H3YXF8 2391
SIMON PROPERTY GROUP INC SPG 0.13 497341 BBG000BJ2D31 3184
TARGET CORP TGT 0.13 494754 BBG000H8TVT2 5191
DOORDASH INC CLASS A DASH 0.13 494448 BBG005D7QCJ3 2641
ABBVIE INC ABBV 0.13 491148 BBG0025Y4RY4 2723
International Business Machines Corporation IBM 0.13 489849 BBG000BLNNH6 2136
CONSTELLATION ENERGY CORPORATION CEG 0.13 479318 BBG014KFRNP7 2198
AIR PRODUCTS & CHEMICALS INC APD 0.13 477209 BBG000BC4JJ4 1775
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.12 467916 BBG00LBLDDR2 4531
STANLEY BLACK & DECKER INC SWK 0.12 463347 BBG000BTQR96 7483
PAYPAL HOLDINGS INC PYPL 0.12 462846 BBG0077VNXV6 7146
ILLINOIS TOOL WORKS ITW 0.12 452671 BBG000BMBL90 1870
SYNOPSYS INC SNPS 0.12 451628 BBG000BSFRF3 1029
PUBLIC STORAGE PSA 0.12 448030 BBG000BPPN67 1525
ASML HOLDING NV-NY REG SHS ASML 0.12 444825 BBG000K6MRN4 659
OREILLY AUTOMOTIVE INC ORLY 0.12 435399 BBG000BGYWY6 322
REGENERON PHARMACEUTICALS REGN 0.11 406038 BBG000C734W3 677
Marriott International, Inc Class A MAR 0.10 395263 BBG000BGD7W6 1673
ROPER TECHNOLOGIES INC ROP 0.10 380009 BBG000F1ZSN5 679
AUTODESK INC ADSK 0.10 379307 BBG000BM7HL0 1396
AIRBNB INC ABNB 0.10 372798 BBG001Y2XS07 3063
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.10 362096 BBG00ZXBJ153 6316
COPART INC CPRT 0.10 361471 BBG000BM9RH1 5833
CINCINNATI FINANCIAL CORP CINF 0.09 358027 BBG000BFPK65 2645
AMERICAN ELECTRIC POWER AEP 0.09 358085 BBG000BB9KF2 3356
MONSTER BEVERAGE CORP MNST 0.09 354177 BBG008NVB1C0 6045
WORKDAY INC-CLASS A WDAY 0.09 345830 BBG000VC0T95 1460
CSX CORP CSX 0.09 342998 BBG000BGJRC8 12189
VICI PROPERTIES INC REIT VICI 0.09 321516 BBG00HVVB499 9905
NXP Semiconductors NV NXPI 0.08 318036 BBG000BND699 1643
PACCAR INC PCAR 0.08 308624 BBG000BQVTF5 3330
EXELON CORP EXC 0.08 307168 BBG000J6XT05 6630
PAYCHEX INC PAYX 0.08 306735 BBG000BQSQ38 2127
CHARTER COMMUNICATIONS INC-A CHTR 0.08 296432 BBG000VPGNR2 884
KEURIG DR PEPPER INC KDP 0.08 292979 BBG000TJM7F0 8502
FASTENAL CO FAST 0.08 288828 BBG000BJ8YN7 3518
AXON ENTERPRISE INC AXON 0.08 288247 BBG000BHJWG1 488
EXTRA SPACE STORAGE INC EXR 0.07 282585 BBG000PV27K3 1992
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.07 279612 BBG00B6BFWH9 3172
AVALONBAY COMMUNITIES INC AVB 0.07 275364 BBG000BLPBL5 1332
ASTRAZENECA PLC-SPONS ADR AZN 0.07 275348 BBG000BZ0DK8 3959
Ventas Inc. VTR 0.07 270904 BBG000FRVHB9 3960
XCEL ENERGY INC XEL 0.07 269211 BBG000BCTQ65 3830
EQUITY RESIDENTIAL EQR 0.07 264071 BBG000BG8M31 3810
IRON MOUNTAIN INC IRM 0.07 261762 BBG000KCZPC3 3068
ROSS STORES INC ROST 0.07 261529 BBG000BSBZH7 1869
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.07 253421 BBG000BS1YV5 1138
KRAFT HEINZ CO/THE KHC 0.07 251377 BBG005CPNTQ2 8481
ATLASSIAN CORP PLC-CLASS A TEAM 0.07 249389 BBG01BGWHFR5 1108
VERISK ANALYTICS INC VRSK 0.07 245869 BBG000BCZL41 853
DIAMONDBACK ENERGY INC FANG 0.07 245224 BBG002PHSYX9 1801
ELECTRONIC ARTS INC EA 0.06 242968 BBG000BP0KQ8 1662
BNY Mellon High Yield ETF BKHY 0.06 241605 BBG00RYR5TG7 5095
COGNIZANT TECH SOLUTIONS-A CTSH 0.06 241097 BBG000BBDV81 3343
Baker Hughes Company BKR 0.06 230686 BBG00GBVBK51 6341
LULULEMON ATHLETICA INC LULU 0.06 225443 BBG000R8ZVD1 833
IDEXX LABS IDXX 0.06 217403 BBG000BLRT07 493
COSTAR GROUP INC CSGP 0.06 215623 BBG000D7JKW9 2591
Datadog Inc. Class A DDOG 0.06 213244 BBG003NJHZT9 2141
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.06 211436 BBG01BFR8YV1 3152
Zscaler Inc. ZS 0.06 210770 BBG003338H34 1003
Old Dominion Freight Line Inc. ODFL 0.05 201326 BBG000CHSS88 1267
INVITATION HOMES INC REIT USD.01 INVH 0.05 201018 BBG00FQH6BS9 5935
DEXCOM INC DXCM 0.05 181409 BBG000QTF8K1 2563
TRADE DESK INC/THE -CLASS A TTD 0.04 163219 BBG00629NGT2 3064
MID-AMERICA APARTMENT COMM MAA 0.04 162968 BBG000BLMY92 1022
MICROCHIP TECHNOLOGY INC MCHP 0.04 156486 BBG000BHCP19 3321
ANSYS INC ANSS 0.04 155016 BBG000GXZ4W7 490
ESSEX PROPERTY TRUST INC ESS 0.04 154343 BBG000CGJMB9 558
CONSOLIDATED EDISON INC ED 0.04 152356 BBG000BHLYS1 1369
UDR INC UDR 0.04 138636 BBG000C41023 3335
CDW CORP/DE CDW 0.04 137960 BBG001P63B80 868
Sun Communities Inc SUI 0.04 138086 BBG000BLJWF3 1130
HEALTHPEAK PROPERTIES INC DOC 0.04 135056 BBG000BKYDP9 7180
Warner Bros Discovery Inc WBD 0.04 132592 BBG011386VF4 15599
GLOBALFOUNDRIES INC GFS 0.03 128597 BBG000C2L5G9 3670
Alexandria Real Estate Equitie ARE 0.03 125702 BBG000BC33T9 1627
BIOGEN INC BIIB 0.03 112578 BBG000C17X76 942
ON Semiconductor Corporation ON 0.03 106533 BBG000DV7MX4 2666
MCDONALDS CORP MCD 0.02 84430.7 BBG000BNSZP1 267
ARM HOLDINGS PLC ARM 0.02 79639.1 BBG01J1GXZF0 711
MONGODB INC COMMON STOCK USD.001 MDB 0.02 64780.5 BBG0022FDRY8 374

How To Invest

Buy Through Your Brokerage

FCTE and RAA 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 844-328-3383. Our team is here to assist you with all your investment needs.