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 09/08/2026
TICKER RAA
NET ASSETS $618M
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 $30.50
30 DAY MEDIAN BID-ASK SPREAD 0.000983

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 18.28% NA NA 16.03%
RAA - Market Price 18.32% NA NA 16.08%
S&P 500 Index Total Return NA NA NA 19.83%
1 MO 3 MO YTD Since Inception
RAA - NAV 3.57% -2.77% 0.55% 7.07% 11.47% 7.79% 16.03% 15.31%
RAA - Market Price 3.57% -2.70% 0.61% 7.15% 11.50% 7.83% 16.08% 15.38%
S&P 500 Index Total Return 2.72% -0.95% 1.68% 15.20% 13.14% 10.21% 19.83% 20.23%
RAA 2025*
NAV 12.32%
MARKET PRICE 12.36%

*RAA Inception was 2/26/2025

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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

As of 09/08/2026

NET ASSET VALUE

$30.50

CLOSING PRICE

$30.50

PREMIUM/DISCOUNT

0.02%
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 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3
Premium 47 39 35 39 25
Discount 13 16 8 14 14

Asset Allocation

As of 9/8/2026

Equities

45.88%
Nasdaq
16.97%
US Large Cap
14.95%
Dividend Payers
5.92%
US Small Cap
3.97%
Emerging Ex. China
2.07%
Japan
1.01%
Europe
0.99%

Fixed Income

25.03%
Corporate Bonds
6.92%
High Yield
5.93%
TIPS
3.98%
Emerging Mkt Bonds
3.97%
Long Term Treasuries
2.98%
T-Bills
1.25%

Alternatives

29.09%
Commodities
7.21%
Energy
5.10%
Managed Futures
4.93%
Miners
4.01%
Gold
3.91%
Real Estate
2.94%
Bitcoin
0.99%

Holdings

As of 09/08/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 14.95 92335300 BBG00RYR67P4 1884780
INVESCO OPTIMUM YIELD DIVERS PDBC 7.21 44552800 N/A 2308430
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 6.92 42735400 BBG000PWYVH7 531139
SCHWAB HIGH YIELD BOND ETF SCYB 5.93 36631900 BBG01F80WX71 1415450
SCHWAB U.S. TIPS ETF SCHP 3.98 24580400 BBG000BGN6P5 950152
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.97 24500100 BBG000NXKWH0 259645
VANGUARD SMALL-CAP ETF VB 3.97 24521100 BBG000HT3Z79 82352
SPROTT PHYSICAL GOLD TRUS PHYS 3.91 24144500 BBG000Q83F79 732096
iM DBi Managed Futures Strategy ETF DBMF 3.55 21955800 N/A 704614
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 2.98 18412200 BBG00PZFJPC3 614763
ISHARES MSCI EMR MRK EX CHNA EMXC 2.07 12759200 BBG00H5VLMJ6 125274
NVIDIA CORP NVDA 1.46 9016110 BBG000BBJQV0 39942
Simplify DBi CTA Managed Futures Index ETF SDMF 1.38 8522970 BBG020BR8WR7 329450
APPLE INC AAPL 1.28 7901070 BBG000B9XRY4 24986
Franklin FTSE Japan ETF FLJP 1.01 6269210 BBG00J3MDY16 150666
MICROSOFT CORP MSFT 1.00 6161530 BBG000BPH459 12474
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.00 6154850 BBG01922X0X9 123319
Franklin FTSE Europe ETF FLEE 0.99 6128520 BBG00J3PR1S7 154472
GRAYSCALE BITCN MINI TRU ETF BTC.UP 0.99 6123930 N/A 176584
BHP GROUP LTD BHP 0.85 5222820 BBG000BD5NZ4 56776
MICRON TECHNOLOGY INC MU 0.83 5122330 BBG000C5Z1S3 5121
AMAZON.COM INC AMZN 0.76 4704090 BBG000BVPV84 18306
CHEVRON CORP CVX 0.69 4232920 BBG000K4ND22 20176
ADVANCED MICRO DEVICES INC AMD 0.61 3771300 BBG000BBQCY0 7457
ALPHABET INC-CL A GOOGL 0.55 3368370 BBG009S39JX6 9955
MARATHON PETROLEUM CORP MPC 0.54 3305070 BBG001DCCGR8 8309
CANADIAN NATURAL RESOURCES CNQ 0.51 3152750 BBG000HW5GX3 61940
OCCIDENTAL PETROLEUM CORP OXY 0.51 3122320 BBG000BQQ2S6 51481
EQT CORP EQT 0.51 3125250 BBG000BHZ5J9 56699
Suncor Energy Inc. SU 0.51 3160080 BBG000BC1LY5 46547
ALPHABET INC-CL C GOOG 0.51 3128760 BBG009S3NB30 9329
WILLIAMS COMPANIES INC. WMB 0.50 3114720 BBG000BWVCP8 41075
META PLATFORMS INC META 0.50 3071080 BBG000MM2P62 5006
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.50 3099770 BBG023CY9MM1 19294
Cheniere Energy Inc LNG 0.48 2948720 BBG000C3HSR0 10683
SCHLUMBERGER LTD SLB 0.48 2988100 BBG000BT41Q8 52331
Tesla Inc. TSLA 0.47 2924660 BBG000N9MNX3 7944
Broadcom Inc. AVGO 0.47 2910150 BBG00KHY5S69 7896
NEWMONT GOLDCORP CORPORATION COM NEM 0.46 2863720 BBG000BPWXK1 22533
REALTY INCOME CORP O 0.43 2626120 BBG000DHPN63 43037
WELLTOWER INC WELL 0.42 2563490 BBG000BKY1G5 10805
RIO TINTO PLC-SPON ADR RIO 0.40 2487560 BBG000FD28T3 23958
INTEL CORP INTC 0.39 2413260 BBG000C0G1D1 23100
WAL-MART STORES INC WMT 0.38 2358980 BBG000BWXBC2 22244
FREEPORT-MCMORAN INC FCX 0.38 2367400 BBG000BJDB15 30898
AUTOMATIC DATA PROCESSING ADP 0.36 2220850 BBG000JG0547 8288
AGNICO EAGLE MINES LTD AEM 0.35 2141120 BBG000DLVDK3 10608
PROLOGIS INC PLD 0.34 2079970 BBG000B9Z0J8 15020
CISCO SYSTEMS INC CSCO 0.32 1970960 BBG000C3J3C9 18054
PEPSICO INC PEP 0.31 1918220 BBG000DH7JK6 13855
MEDTRONIC PLC MDT 0.30 1875890 BBG000BNWG87 20304
FRANKLIN RESOURCES INC BEN 0.30 1871130 BBG000BD0TF8 54001
COSTCO WHOLESALE CORP COST 0.30 1866780 BBG000F6H8W8 2051
LAM RESH CORP LRCX 0.30 1848500 BBG000BNFLM9 5769
T ROWE PRICE GROUP INC TROW 0.30 1823160 BBG000BVMPN3 16662
GENUINE PARTS CO GPC 0.29 1775360 BBG000BKL348 13243
KENVUE INC KVUE 0.29 1793910 BBG01C79X561 97548
AO Smith Corp AOS 0.29 1819240 BBG000BC1L02 30929
HORMEL FOODS CORP HRL 0.29 1806710 BBG000BLF8D2 85182
GLENCORE PLC -UNSP ADR GLNCY 0.29 1820270 BBG001VKX1Z1 107836
STANLEY BLACK & DECKER INC SWK 0.29 1801060 BBG000BTQR96 19199
ILLINOIS TOOL WORKS ITW 0.29 1772820 BBG000BMBL90 6598
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.29 1806370 BBG000N7QR55 10607
AMCOR PLC COMMON STOCK USD.01 AMCR 0.29 1774620 N/A 40023
APPLIED MATERIALS INC AMAT 0.28 1748380 BBG000BBPFB9 3698
Kimberly-Clark Corp KMB 0.28 1756400 BBG000BMW2Z0 17064
EQUINIX INC EQIX 0.28 1742990 BBG000MBDGM6 1674
CLOROX COMPANY CLX 0.28 1725100 BBG000BFS7D3 18833
Barrick Mining Corp. B 0.27 1639460 N/A 37176
EVERSOURCE ENERGY ES 0.26 1620960 BBG000BQ87N0 22674
ABBVIE INC ABBV 0.26 1629510 BBG0025Y4RY4 6550
PPG INDUSTRIES INC PPG 0.25 1538490 BBG000BRJ809 14022
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.24 1467960 BBG000PVRDL2 9464
NETFLIX INC NFLX 0.24 1494100 BBG000CL9VN6 19462
International Business Machines Corporation IBM 0.24 1473080 BBG000BLNNH6 6347
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.23 1399690 N/A 47905
SPACE EXPLORATION TECH CORP A SPCX 0.22 1349000 BBG000NQF3Z5 8790
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.21 1310670 BBG00CMNZNK7 1310670
NUCOR CORP NUE 0.20 1261740 BBG000BQ8KV2 4921
PALO ALTO NETWORKS INC PANW 0.20 1246150 BBG0014GJCT9 3698
DIGITAL REALTY TRUST INC DLR 0.20 1229480 BBG000Q5ZRM7 6488
SIMON PROPERTY GROUP INC SPG 0.20 1218160 BBG000BJ2D31 5811
ERIE INDEMNITY COMPANY-CL A ERIE 0.19 1170760 BBG000BBTJZ1 4811
KLA CORPORATION KLAC 0.19 1143520 BBG000BMTFR4 6051
SANDISK CORP/DE SNDKV SNDK 0.19 1174880 BBG01R388JG1 676
Vivmark Residential VMRK 0.19 1196310 BBG000BG8M31 18073.9
PUBLIC STORAGE PSA 0.18 1103250 BBG000BPPN67 3658
FRANCO-NEVADA CORP FNV 0.18 1111690 BBG000TRN6Z1 4206
TEXAS INSTRUMENTS INC TXN 0.17 1077370 BBG000BVV7G1 4161
Ventas Inc. VTR 0.17 1040420 BBG000FRVHB9 11577
AMGEN INC AMGN 0.16 987250 BBG000BBS2Y0 2511
LINDE PLC LIN 0.16 999991 BBG01FND0CC1 2135
VALE SA-SP ADR VALE 0.16 1014590 BBG000BN5LG7 65205
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.15 954121 BBG0113JGQF0 1055
Crowdstrike Holdings Inc. Class A CRWD 0.15 948030 BBG00BLYKS03 4514
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.15 932521 BBG00ZXBJ153 4137
T-MOBILE US INC TMUS 0.15 912084 BBG000NDV1D4 5020
GILEAD SCIENCES INC GILD 0.14 833942 BBG000CKGBP2 5687
WESTERN DIGITAL CORP WDC 0.13 778954 BBG000BWNFZ9 1632
IRON MOUNTAIN INC IRM 0.13 830668 BBG000KCZPC3 7156
QUALCOMM INC QCOM 0.13 823620 BBG000CGC1X8 4731
SHOPIFY INC - CLASS A SHOP 0.13 785424 BBG004DW5NB8 5857
ANALOG DEVICES INC ADI 0.13 813205 BBG000BB6G37 2239
ASML HOLDING NV-NY REG SHS ASML 0.12 750061 BBG000K6MRN4 425
BOOKING HOLDINGS INC BKNG 0.11 661160 BBG000BLBVN4 3667
EXTRA SPACE STORAGE INC EXR 0.11 699836 BBG000PV27K3 5029
VICI PROPERTIES INC REIT VICI 0.11 648908 BBG00HVVB499 25679
VERTEX PHARMACEUTICALS INC VRTX 0.10 619342 BBG000C1S2X2 1171
ROPER TECHNOLOGIES INC ROP 0.09 526610 BBG000F1ZSN5 1331
INTUITIVE SURGICAL INC ISRG 0.09 569710 BBG000BJPDZ1 1627
STARBUCKS CORP SBUX 0.09 542591 BBG000CTQBF3 5319
ARM HOLDINGS PLC ARM 0.08 510507 BBG01J1GXZF0 1952
CONSTELLATION ENERGY CORPORATION CEG 0.08 496124 BBG014KFRNP7 1659
ADOBE SYSTEMS INC ADBE 0.08 480047 BBG000BB5006 1866
FORTINET INC FTNT 0.08 519336 BBG000BCMBG4 3298
Cash & Other Cash&Other 0.07 427732 N/A 427732
ESSEX PROPERTY TRUST INC ESS 0.07 421663 BBG000CGJMB9 1520
COMCAST CORP-CLASS A CMCSA 0.07 437341 BBG000BFT2L4 16610
Marriott International, Inc Class A MAR 0.07 410988 BBG000BGD7W6 1250
MERCADOLIBRE INC MELI 0.07 456521 BBG000GQPB11 237
INTUIT INC INTU 0.07 403446 BBG000BH5DV1 1265
APPLOVIN CORP APP 0.07 450542 BBG006HFPX77 1444
CSX CORP CSX 0.07 426055 BBG000BGJRC8 8695
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 365836 BBG000D4LWF6 5936
Sun Communities Inc SUI 0.06 341420 BBG000BLJWF3 2902
CADENCE DESIGN SYS INC CDNS 0.06 361956 BBG000C13CD9 1274
HOST HOTELS & RESORTS INC HST 0.06 360138 BBG000BL8804 16318
AIR PRODUCTS & CHEMICALS INC APD 0.06 357550 BBG000BC4JJ4 1201
MID-AMERICA APARTMENT COMM MAA 0.06 351953 BBG000BLMY92 2752
ROSS STORES INC ROST 0.06 342360 BBG000BSBZH7 1493
KIMCO REALTY CORP KIM 0.06 370561 BBG000CN3S73 15596
REGENERON PHARMACEUTICALS REGN 0.06 384087 BBG000C734W3 474
DOORDASH INC CLASS A DASH 0.06 386649 BBG005D7QCJ3 1929
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.06 352859 BBG000B9ZXB4 3344
MONSTER BEVERAGE CORP MNST 0.06 396635 BBG008NVB1C0 9192
AIRBNB INC ABNB 0.06 347858 BBG001Y2XS07 1993
INVITATION HOMES INC REIT USD.01 INVH 0.06 397338 BBG00FQH6BS9 14080
MCDONALDS CORP MCD 0.06 356088 BBG000BNSZP1 1392
CINTAS CORP CTAS 0.06 374334 BBG000H3YXF8 1867
CONSOLIDATED EDISON INC ED 0.06 373748 BBG000BHLYS1 3452
SYNOPSYS INC SNPS 0.06 345770 BBG000BSFRF3 882
W. P. CAREY REIT INC WPC 0.06 370863 BBG000BCQM58 5256
LUMENTUM HOLDINGS INC LITE 0.06 348358 BBG0073F9RT7 356
PACCAR INC PCAR 0.05 301105 BBG000BQVTF5 2458
Warner Bros Discovery Inc WBD 0.05 327345 BBG011386VF4 11641
Baker Hughes Company BKR 0.05 289558 BBG00GBVBK51 4530
HEALTHPEAK PROPERTIES INC DOC 0.05 338333 BBG000BKYDP9 16496
OREILLY AUTOMOTIVE INC ORLY 0.05 326382 BBG000BGYWY6 3800
Datadog Inc. Class A DDOG 0.05 324595 BBG003NJHZT9 1544
AMERICAN ELECTRIC POWER AEP 0.05 317062 BBG000BB9KF2 2528
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 310694 BBG022XF4SZ9 1492
XCEL ENERGY INC XEL 0.04 224182 BBG000BCTQ65 2916
PAYPAL HOLDINGS INC PYPL 0.04 217666 BBG0077VNXV6 4093
FASTENAL CO FAST 0.04 263344 BBG000BJ8YN7 5333
ASTERA LABS INC ALAB 0.04 225881 BBG00TDKHW99 782
MONOLITHIC POWER SYSTEMS INC MPWR 0.04 276600 BBG000C30L48 227
TERADYNE INC TER 0.04 273092 BBG000BV4DR6 734
NXP Semiconductors NV NXPI 0.04 260361 BBG000BND699 1163
Nebius Group NV NBIS 0.04 252904 BBG001NVJ6W4 1037
DIAMONDBACK ENERGY INC FANG 0.04 256950 BBG002PHSYX9 1287
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 249538 BBG00LBLDDR2 3129
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 230332 BBG020QYV152 1482
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 221304 BBG00B6BFWH9 2077
PAYCHEX INC PAYX 0.03 193168 BBG000BQSQ38 1652
MICROCHIP TECHNOLOGY INC MCHP 0.03 184477 BBG000BHCP19 2514
AXON ENTERPRISE INC AXON 0.03 197118 BBG000BHJWG1 390
Old Dominion Freight Line Inc. ODFL 0.03 178595 BBG000CHSS88 955
EXELON CORP EXC 0.03 208850 BBG000J6XT05 4752
IDEXX LABS IDXX 0.03 188316 BBG000BLRT07 362
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 195374 BBG000BS1YV5 916
KEURIG DR PEPPER INC KDP 0.03 206823 BBG000TJM7F0 6354
FERROVIAL SA FER 0.03 193390 BBG01H0DF657 3334.88
WORKDAY INC-CLASS A WDAY 0.03 177711 BBG000VC0T95 954
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 158661 BBG000BFGNJ5 610
COREWEAVE INC CRWV 0.03 206648 BBG011ZTRJ21 2070
AUTODESK INC ADSK 0.03 207329 BBG000BM7HL0 977
MICROSTRATEGY INC-CL A MSTR 0.03 202732 BBG000GQJPZ0 1485
ROCKET LAB CORP RKLB 0.03 177388 BBG01V7JN3F3 2693
THOMSON REUTERS CORP TRI 0.03 174301 N/A 1764
KRAFT HEINZ CO/THE KHC 0.02 136203 BBG005CPNTQ2 5470
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 141029 BBG01BFR8YV1 2112
COPART INC CPRT 0.02 137996 BBG000BM9RH1 4233
DEXCOM INC DXCM 0.02 151224 BBG000QTF8K1 1789

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.