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 10/15/2026
TICKER RAA
NET ASSETS $613M
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 $30.20
30 DAY MEDIAN BID-ASK SPREAD 0.000667

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 12.16% NA NA 13.76%
RAA - Market Price 12.20% NA NA 13.81%
S&P 500 Index Total Return 15.74% NA NA 18.46%
1 MO 3 MO YTD Since Inception
RAA - NAV -1.90% -1.90% 1.45% 1.45% 9.35% 9.35% 13.76% 13.76%
RAA - Market Price -1.90% -1.90% 1.43% 1.43% 9.37% 9.37% 13.81% 13.81%
S&P 500 Index Total Return -0.35% -0.35% 2.30% 2.30% 12.75% 12.75% 18.46% 18.46%
RAA 2025*
NAV 12.32%
MARKET PRICE 12.36%

*RAA Inception was 2/26/2025

Scroll for more →

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 10/15/2026

NET ASSET VALUE

$30.20

CLOSING PRICE

$30.20

PREMIUM/DISCOUNT

0.00%
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 Q4 2026 Q1 2026 Q2 2026 Q3 2026 Q4
Premium 39 35 39 32 2
Discount 16 8 14 21 6

Asset Allocation

As of 10/15/2026

Equities

41.52%
Nasdaq
17.52%
US Large Cap
15.03%
US Small Cap
2.99%
Dividend Payers
2.14%
Emerging Ex. China
1.88%
Europe
0.99%
Japan
0.97%

Fixed Income

29.15%
Long Term Treasuries
8.14%
Corporate Bonds
6.00%
High Yield
5.96%
Emerging Mkt Bonds
4.00%
TIPS
3.00%
T-Bills
2.05%

Alternatives

29.33%
Commodities
10.17%
Energy
5.28%
Managed Futures
4.98%
Miners
3.91%
Real Estate
2.02%
Gold
2.00%
Bitcoin
0.97%

Holdings

As of 10/15/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 15.03 92169100 BBG00RYR67P4 1868420
INVESCO OPTIMUM YIELD DIVERS PDBC 10.17 62376100 N/A 3145540
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 8.14 49894200 BBG00PZFJPC3 1711640
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 6.00 36780200 BBG000PWYVH7 465572
SCHWAB HIGH YIELD BOND ETF SCYB 5.96 36524900 BBG01F80WX71 1451700
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.00 24525700 BBG000NXKWH0 267106
iM DBi Managed Futures Strategy ETF DBMF 3.52 21574400 N/A 657156
SCHWAB U.S. TIPS ETF SCHP 3.00 18422300 BBG000BGN6P5 725574
Vanguard Morningstar Small-Cap ETF VB 2.99 18353800 BBG000HT3Z79 63735
SPROTT PHYSICAL GOLD TRUS PHYS 2.00 12237200 BBG000Q83F79 388235
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.99 12173600 BBG01922X0X9 243814
ISHARES MSCI EMR MRK EX CHNA EMXC 1.88 11534400 BBG00H5VLMJ6 122628
Simplify DBi CTA Managed Futures Index ETF SDMF 1.46 8937400 BBG020BR8WR7 327340
NVIDIA CORP NVDA 1.40 8593840 BBG000BBJQV0 39561
APPLE INC AAPL 1.32 8103690 BBG000B9XRY4 23695
MICROSOFT CORP MSFT 1.07 6543950 BBG000BPH459 12131
Franklin FTSE Europe ETF FLEE 0.99 6091530 BBG00J3PR1S7 160430
Franklin FTSE Japan ETF FLJP 0.97 5927710 BBG00J3MDY16 145895
GRAYSCALE BITCN MINI TRU ETF BTC.UP 0.97 5939480 N/A 163307
BHP GROUP LTD BHP 0.82 5042230 BBG000BD5NZ4 60823
MICRON TECHNOLOGY INC MU 0.78 4805200 BBG000C5Z1S3 5160
AMAZON.COM INC AMZN 0.73 4495240 BBG000BVPV84 17645
ADVANCED MICRO DEVICES INC AMD 0.68 4178490 BBG000BBQCY0 7432
CHEVRON CORP CVX 0.60 3650580 BBG000K4ND22 16645
META PLATFORMS INC META 0.60 3667390 BBG000MM2P62 4978
MARATHON PETROLEUM CORP MPC 0.59 3635560 BBG001DCCGR8 7623
OCCIDENTAL PETROLEUM CORP OXY 0.55 3343890 BBG000BQQ2S6 55116
Suncor Energy Inc. SU 0.55 3349410 BBG000BC1LY5 44281
CANADIAN NATURAL RESOURCES CNQ 0.54 3305940 BBG000HW5GX3 63637
ALPHABET INC-CL A GOOGL 0.54 3309910 BBG009S39JX6 9478
EQT CORP EQT 0.53 3253000 BBG000BHZ5J9 62021
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.53 3248700 BBG023CY9MM1 18598
Cheniere Energy Inc LNG 0.52 3171140 BBG000C3HSR0 11360
Tesla Inc. TSLA 0.51 3145250 BBG000N9MNX3 8678
WILLIAMS COMPANIES INC. WMB 0.51 3107290 BBG000BWVCP8 44890
ALPHABET INC-CL C GOOG 0.50 3078670 BBG009S3NB30 8926
SCHLUMBERGER LTD SLB 0.49 2992360 BBG000BT41Q8 61864
NEWMONT GOLDCORP CORPORATION COM NEM 0.47 2910030 BBG000BPWXK1 25132
SPACE EXPLORATION TECH CORP A SPCX 0.47 2904930 BBG000NQF3Z5 19546
Broadcom Inc. AVGO 0.46 2802160 BBG00KHY5S69 8138
WAL-MART STORES INC WMT 0.44 2713600 BBG000BWXBC2 23022
FREEPORT-MCMORAN INC FCX 0.38 2330410 BBG000BJDB15 33263
RIO TINTO PLC-SPON ADR RIO 0.37 2245330 BBG000FD28T3 24890
INTEL CORP INTC 0.36 2214110 BBG000C0G1D1 23216
AGNICO EAGLE MINES LTD AEM 0.36 2224840 BBG000DLVDK3 11862
COSTCO WHOLESALE CORP COST 0.34 2068490 BBG000F6H8W8 2115
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.34 2081590 BBG000N7QR55 10382
CISCO SYSTEMS INC CSCO 0.32 1960820 BBG000C3J3C9 17850
WELLTOWER INC WELL 0.28 1712800 BBG000BKY1G5 7300
GLENCORE PLC -UNSP ADR GLNCY 0.27 1642120 BBG001VKX1Z1 107680
APPLIED MATERIALS INC AMAT 0.26 1578570 BBG000BBPFB9 3671
LAM RESH CORP LRCX 0.26 1584850 BBG000BNFLM9 5712
Barrick Mining Corp. B 0.26 1574150 N/A 38820
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.23 1384200 BBG000PVRDL2 10395
NETFLIX INC NFLX 0.23 1392010 BBG000CL9VN6 19171
PALO ALTO NETWORKS INC PANW 0.22 1334450 BBG0014GJCT9 3604
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.22 1346120 N/A 49801
NUCOR CORP NUE 0.21 1302230 BBG000BQ8KV2 5113
PROLOGIS INC PLD 0.21 1316370 BBG000B9Z0J8 10370
TEXAS INSTRUMENTS INC TXN 0.20 1206080 BBG000BVV7G1 4321
REALTY INCOME CORP O 0.20 1238930 BBG000DHPN63 22303
EQUINIX INC EQIX 0.19 1136730 BBG000MBDGM6 1141
PEPSICO INC PEP 0.19 1168390 BBG000DH7JK6 9101
AUTOMATIC DATA PROCESSING ADP 0.19 1182020 BBG000JG0547 4138
AMGEN INC AMGN 0.18 1118500 BBG000BBS2Y0 2577
LINDE PLC LIN 0.18 1084590 BBG01FND0CC1 2199
KLA CORPORATION KLAC 0.18 1094740 BBG000BMTFR4 6275
Crowdstrike Holdings Inc. Class A CRWD 0.18 1126000 BBG00BLYKS03 4604
FRANCO-NEVADA CORP FNV 0.17 1051680 BBG000TRN6Z1 4366
SHOPIFY INC - CLASS A SHOP 0.16 969794 BBG004DW5NB8 5444
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.16 963271 BBG00ZXBJ153 3993
VALE SA-SP ADR VALE 0.15 946892 BBG000BN5LG7 72726
GILEAD SCIENCES INC GILD 0.15 930214 BBG000CKGBP2 5911
SANDISK CORP/DE SNDKV SNDK 0.15 901060 BBG01R388JG1 646
ANALOG DEVICES INC ADI 0.15 930297 BBG000BB6G37 2303
QUALCOMM INC QCOM 0.14 865418 BBG000CGC1X8 4851
SIMON PROPERTY GROUP INC SPG 0.14 836340 BBG000BJ2D31 4112
PUBLIC STORAGE PSA 0.13 770811 BBG000BPPN67 2610
DIGITAL REALTY TRUST INC DLR 0.13 798200 BBG000Q5ZRM7 4575
T-MOBILE US INC TMUS 0.13 818440 BBG000NDV1D4 5212
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.13 825051 BBG00CMNZNK7 825051
INTUITIVE SURGICAL INC ISRG 0.12 723511 BBG000BJPDZ1 1691
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.12 737094 BBG0113JGQF0 1067
Vivmark Residential VMRK 0.12 725717 BBG000BG8M31 11862
Ventas Inc. VTR 0.12 722668 BBG000FRVHB9 8516
MEDTRONIC PLC MDT 0.11 666336 BBG000BNWG87 6981
CLOROX COMPANY CLX 0.11 646241 BBG000BFS7D3 7497
ABBVIE INC ABBV 0.11 663723 BBG0025Y4RY4 2342
ASML HOLDING NV-NY REG SHS ASML 0.11 687838 BBG000K6MRN4 415
GENUINE PARTS CO GPC 0.10 613078 BBG000BKL348 4592
KENVUE INC KVUE 0.10 636255 BBG01C79X561 34079
AO Smith Corp AOS 0.10 628360 BBG000BC1L02 10566
WESTERN DIGITAL CORP WDC 0.10 600975 BBG000BWNFZ9 1686
Kimberly-Clark Corp KMB 0.10 642112 BBG000BMW2Z0 6170
HORMEL FOODS CORP HRL 0.10 620742 BBG000BLF8D2 30745
FRANKLIN RESOURCES INC BEN 0.10 593710 BBG000BD0TF8 18920
STANLEY BLACK & DECKER INC SWK 0.10 627918 BBG000BTQR96 6770
International Business Machines Corporation IBM 0.10 611990 BBG000BLNNH6 2614
VERTEX PHARMACEUTICALS INC VRTX 0.10 612026 BBG000C1S2X2 1203
T ROWE PRICE GROUP INC TROW 0.10 590987 BBG000BVMPN3 5830
FORTINET INC FTNT 0.10 623224 BBG000BCMBG4 3426
AMCOR PLC COMMON STOCK USD.01 AMCR 0.10 631343 N/A 14434
IRON MOUNTAIN INC IRM 0.09 557541 BBG000KCZPC3 4948
ILLINOIS TOOL WORKS ITW 0.09 535329 BBG000BMBL90 1974
EVERSOURCE ENERGY ES 0.09 523103 BBG000BQ87N0 7927
BOOKING HOLDINGS INC BKNG 0.09 569523 BBG000BLBVN4 3435
STARBUCKS CORP SBUX 0.09 533906 BBG000CTQBF3 5511
PPG INDUSTRIES INC PPG 0.08 517380 BBG000BRJ809 4799
ARM HOLDINGS PLC ARM 0.08 493497 BBG01J1GXZF0 2016
Marriott International, Inc Class A MAR 0.08 494480 BBG000BGD7W6 1282
CONSTELLATION ENERGY CORPORATION CEG 0.08 473825 BBG014KFRNP7 1723
EXTRA SPACE STORAGE INC EXR 0.08 476132 BBG000PV27K3 3458
ADOBE SYSTEMS INC ADBE 0.08 478173 BBG000BB5006 1900
CADENCE DESIGN SYS INC CDNS 0.07 404177 BBG000C13CD9 1246
MONSTER BEVERAGE CORP MNST 0.07 432725 BBG008NVB1C0 9544
MERCADOLIBRE INC MELI 0.07 440104 BBG000GQPB11 237
INTUIT INC INTU 0.07 428230 BBG000BH5DV1 1297
APPLOVIN CORP APP 0.07 412232 BBG006HFPX77 1476
VICI PROPERTIES INC REIT VICI 0.07 420380 BBG00HVVB499 17919
CSX CORP CSX 0.07 439135 BBG000BGJRC8 9019
CINTAS CORP CTAS 0.07 411419 BBG000H3YXF8 1931
SYNOPSYS INC SNPS 0.07 427853 BBG000BSFRF3 914
Datadog Inc. Class A DDOG 0.07 419610 BBG003NJHZT9 1576
ERIE INDEMNITY COMPANY-CL A ERIE 0.06 380949 BBG000BBTJZ1 1596
COMCAST CORP-CLASS A CMCSA 0.06 375620 BBG000BFT2L4 17254
ROSS STORES INC ROST 0.06 358116 BBG000BSBZH7 1525
AIRBNB INC ABNB 0.06 358494 BBG001Y2XS07 2057
REGENERON PHARMACEUTICALS REGN 0.06 377465 BBG000C734W3 474
DOORDASH INC CLASS A DASH 0.06 378957 BBG005D7QCJ3 1963
OREILLY AUTOMOTIVE INC ORLY 0.06 347628 BBG000BGYWY6 3928
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 388265 BBG000D4LWF6 6160
LUMENTUM HOLDINGS INC LITE 0.06 366946 BBG0073F9RT7 422
PACCAR INC PCAR 0.05 283009 BBG000BQVTF5 2554
FASTENAL CO FAST 0.05 278350 BBG000BJ8YN7 5525
ESSEX PROPERTY TRUST INC ESS 0.05 284491 BBG000CGJMB9 1055
NXP Semiconductors NV NXPI 0.05 276153 BBG000BND699 1195
AMERICAN ELECTRIC POWER AEP 0.05 326137 BBG000BB9KF2 2624
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 320802 BBG022XF4SZ9 1524
XCEL ENERGY INC XEL 0.04 226261 BBG000BCTQ65 3012
PAYPAL HOLDINGS INC PYPL 0.04 243101 BBG0077VNXV6 4253
HOST HOTELS & RESORTS INC HST 0.04 273631 BBG000BL8804 11473
ASTERA LABS INC ALAB 0.04 227089 BBG00TDKHW99 752
Omega Healthcare Investors Inc OHI 0.04 226466 BBG000BGBTC2 4974
MONOLITHIC POWER SYSTEMS INC MPWR 0.04 271076 BBG000C30L48 217
Baker Hughes Company BKR 0.04 249696 BBG00GBVBK51 4590
TERADYNE INC TER 0.04 251916 BBG000BV4DR6 734
HEALTHPEAK PROPERTIES INC DOC 0.04 218931 BBG000BKYDP9 11547
MID-AMERICA APARTMENT COMM MAA 0.04 221611 BBG000BLMY92 1906
KEURIG DR PEPPER INC KDP 0.04 224973 BBG000TJM7F0 6582
KIMCO REALTY CORP KIM 0.04 247942 BBG000CN3S73 10937
INVITATION HOMES INC REIT USD.01 INVH 0.04 265079 BBG00FQH6BS9 9891
DIAMONDBACK ENERGY INC FANG 0.04 257996 BBG002PHSYX9 1319
AUTODESK INC ADSK 0.04 247366 BBG000BM7HL0 1009
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 265804 BBG00LBLDDR2 3225
MICROSTRATEGY INC-CL A MSTR 0.04 229507 BBG000GQJPZ0 1517
W. P. CAREY REIT INC WPC 0.04 241043 BBG000BCQM58 3740
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 235018 BBG00B6BFWH9 2141
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 246949 BBG020QYV152 1514
MICROCHIP TECHNOLOGY INC MCHP 0.03 193819 BBG000BHCP19 2610
ROPER TECHNOLOGIES INC ROP 0.03 171720 BBG000F1ZSN5 449
AXON ENTERPRISE INC AXON 0.03 162704 BBG000BHJWG1 390
Old Dominion Freight Line Inc. ODFL 0.03 186425 BBG000CHSS88 987
EXELON CORP EXC 0.03 208832 BBG000J6XT05 4916
IDEXX LABS IDXX 0.03 198079 BBG000BLRT07 362
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 198492 BBG000BS1YV5 948
FERROVIAL SA FER 0.03 169196 BBG01H0DF657 3462.88
WORKDAY INC-CLASS A WDAY 0.03 193877 BBG000VC0T95 986
Nebius Group NV NBIS 0.03 201410 BBG001NVJ6W4 1069
DEXCOM INC DXCM 0.03 162527 BBG000QTF8K1 1853
THOMSON REUTERS CORP TRI 0.03 197223 N/A 1828
ROCKET LAB CORP RKLB 0.03 154092 BBG01V7JN3F3 2789
PAYCHEX INC PAYX 0.03 190098 BBG000BQSQ38 1716
AIR PRODUCTS & CHEMICALS INC APD 0.02 127835 BBG000BC4JJ4 431
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.02 139748 BBG000B9ZXB4 1335
ALNYLAM PHARMACEUTICALS INC ALNY 0.02 142758 BBG000BFGNJ5 610
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 153082 BBG01BFR8YV1 2176
COREWEAVE INC CRWV 0.02 148718 BBG011ZTRJ21 2134
COPART INC CPRT 0.02 121906 BBG000BM9RH1 4393
CONSOLIDATED EDISON INC ED 0.02 128976 BBG000BHLYS1 1174
MCDONALDS CORP MCD 0.02 126100 BBG000BNSZP1 520
Cash & Other Cash&Other -0.02 -131942 N/A -131942

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.